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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Macy's (M) Operating Margin (2016 - 2025)

Historic Operating Margin for Macy's (M) over the last 17 years, with Q4 2025 value amounting to 0.85%.

  • Macy's' Operating Margin fell 4500.0% to 0.85% in Q4 2025 from the same period last year, while for Nov 2025 it was 3.45%, marking a year-over-year increase of 23300.0%. This contributed to the annual value of 3.95% for FY2025, which is 26900.0% up from last year.
  • As of Q4 2025, Macy's' Operating Margin stood at 0.85%, which was down 4500.0% from 2.98% recorded in Q3 2025.
  • Over the past 5 years, Macy's' Operating Margin peaked at 10.57% during Q3 2021, and registered a low of 1.78% during Q1 2024.
  • In the last 5 years, Macy's' Operating Margin had a median value of 4.46% in 2021 and averaged 4.71%.
  • Per our database at Business Quant, Macy's' Operating Margin surged by 1410900bps in 2021 and then tumbled by -91800bps in 2024.
  • Macy's' Operating Margin (Quarter) stood at 9.61% in 2021, then crashed by -63bps to 3.51% in 2022, then plummeted by -53bps to 1.65% in 2023, then dropped by -21bps to 1.31% in 2024, then tumbled by -35bps to 0.85% in 2025.
  • Its last three reported values are 0.85% in Q4 2025, 2.98% for Q3 2025, and 1.96% during Q2 2025.