Macy's (M) Return on Capital Employed (2009 - 2026)

Macy's has disclosed Return on Capital Employed across 18 years of filings, most recently posting 8.47% for Q1 2026.

• Return on Capital Employed for Q1 2026 came in at 8.47%, up 109.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 8.47% (up 109.0% YoY), and the FY2026 annual result was 8.71%, up 101.0% from the prior year.
• Return on Capital Employed came in at 8.47% for Q1 2026 at Macy's, up from 7.52% in the prior quarter.
• In the past five years, Return on Capital Employed ranged from a high of 22.01% in Q2 2022 to a low of 1.6% in Q2 2024.
• The 5-year median for Return on Capital Employed is 8.47% (2026), against an average of 10.08%.
• Across the five-year window, Return on Capital Employed surged 5281 bps in 2022 and tumbled 1093 bps in 2024, its largest moves.
• Macy's' Return on Capital Employed stood at 19.48% in 2022, then tumbled by 50 bps to 9.75% in 2023, then plunged by 75 bps to 2.42% in 2024, then jumped by 210 bps to 7.52% in 2025, then grew by 13 bps to 8.47% in 2026.
• The last three Return on Capital Employed figures came in at 8.47% (Q1 2026), 7.52% (Q4 2025), and 6.95% (Q3 2025), per Business Quant data.