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

Macy's (M) posted Return on Capital Employed of 8.47% for Q1 2026, up 12.59% sequentially from 7.52% in Q4 2025, and up 109.0% YoY from 4.05% in Q1 2025.

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

Macy's has reported Return on Capital Employed for 18 years, with the latest figure at 8.47% in Q1 2026.

  • Quarterly Return on Capital Employed rose 109.0% year-over-year to 8.47% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 8.47% (up 109.0% YoY) and the FY2026 annual result came in at 8.71%, up 101.0% from the prior year.
  • Return on Capital Employed advanced to 8.47% in Q1 2026 per M's latest filing, from 7.52% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 22.01% in Q2 2022 and troughed at 1.6% in Q2 2024.
  • A 5-year average of 10.08% and a median of 8.47% in 2026 frame the typical range for Return on Capital Employed.
  • The sharpest annual moves came in 2022 and 2024: Return on Capital Employed jumped 5281 bps in 2022, then tumbled 1093 bps in 2024.
  • Over 5 years, 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 soared by 210 bps to 7.52% in 2025, then rose by 13 bps to 8.47% in 2026.
  • According to Business Quant data, Return on Capital Employed over the past three periods registered 8.47%, 7.52%, and 6.95% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Dillard'S 8.76 Bn 7.34 Bn 718.25 Mn 81.93%
2 Macy's 6.16 Bn 4.86 Bn 2.03 Bn 9.04%
3 Polibeli 3.96 Bn 3.96 Bn - -
4 Kohls 2.18 Bn 1.75 Bn 1.37 Bn 5.65%

Historic Data

Download Data
DateValue
May 2, 2026 9.04%
Jan 31, 2026 8.47%
Nov 1, 2025 7.52%
Aug 2, 2025 6.95%
May 3, 2025 7.41%
Feb 1, 2025 7.38%
Nov 2, 2024 2.42%
Aug 3, 2024 2.31%
May 4, 2024 1.60%
Feb 3, 2024 2.39%
Oct 28, 2023 9.75%
Jul 29, 2023 9.64%
Apr 29, 2023 12.13%
Jan 28, 2023 13.31%
Oct 29, 2022 19.48%
Jul 30, 2022 19.96%
Apr 30, 2022 22.01%
Jan 29, 2022 18.65%
Oct 30, 2021 14.87%
Jul 31, 2021 9.40%