Macy's (M) Return on Capital Employed [ROCE] (2009 - 2026)
Macy's (M) recorded Return on Capital Employed [ROCE] of 9.53% in fiscal Q2 2027 (quarter ended Aug 1, 2026), up 2.58 percentage points from 6.95% a year earlier and up 0.49 percentage points from the prior quarter.
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Analysis
Macy's (M) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Macy's reported Return on Capital Employed [ROCE] of 8.71%, up 1.01 percentage points from FY2025.
- Annual Return on Capital Employed [ROCE] has a five-year change of +40.49 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Return on Capital Employed [ROCE] came in at 7.70% in FY2025 (+5.20 pp), 2.50% in FY2024 (-11.15 pp), 13.66% in FY2023 (-5.43 pp) and 19.09% in FY2022 (+50.87 pp).
- The fiscal Q2 2027 figure is the highest quarterly Return on Capital Employed [ROCE] since fiscal Q3 2024.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for seven consecutive quarters, with an average year-over-year change of +2.31 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 52.81 percentage points in fiscal Q4 2022, against a drop of 10.93 percentage points in fiscal Q4 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 9.04% (Q1 2027), 8.47% (Q4 2026) and 7.52% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,654.24 Bn | 2,170.93 Bn | 104.83 Bn | 11.49% |
| 2 | Home Depot | 289.19 Bn | 282.43 Bn | 16.12 Bn | 28.54% |
| 3 | Tjx Companies | 143.39 Bn | 120.94 Bn | 5.07 Bn | 34.00% |
| 4 | Lowes Companies | 105.29 Bn | 98.25 Bn | 8.58 Bn | 30.02% |
| 5 | Ross Stores | 75.79 Bn | 58.72 Bn | 2.12 Bn | 30.97% |
| 6 | Target | 72.00 Bn | 66.59 Bn | 8.94 Bn | 15.67% |
| 7 | O Reilly Automotive | 70.61 Bn | 69.69 Bn | 2.52 Bn | 47.86% |
| 8 | Carvana | 66.52 Bn | 58.12 Bn | 1.38 Bn | 18.45% |
| 9 | Autozone | 47.57 Bn | 46.47 Bn | 2.52 Bn | 33.85% |
| 10 | Macy's | 6.01 Bn | 1.73 Bn | 2.21 Bn | 9.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 9.53% |
| 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% |
API Access
Macy's Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=M&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "M", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=M&period=max&api_key=YOUR_API_KEY");
const data = await res.json();