KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
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) Return on Invested Capital (2016 - 2025)

Macy's' Return on Invested Capital history spans 17 years, with the latest figure at 0.09% for Q4 2025.

  • For Q4 2025, Return on Invested Capital rose 6.0% year-over-year to 0.09%; the TTM value through Nov 2025 reached 0.09%, up 6.0%, while the annual FY2025 figure was 0.1%, 5.0% up from the prior year.
  • Return on Invested Capital for Q4 2025 was 0.09% at Macy's, up from 0.09% in the prior quarter.
  • Across five years, Return on Invested Capital topped out at 0.3% in Q2 2022 and bottomed at 0.56% in Q1 2021.
  • The 5-year median for Return on Invested Capital is 0.11% (2023), against an average of 0.1%.
  • The largest annual shift saw Return on Invested Capital plummeted -59bps in 2021 before it soared 83bps in 2022.
  • A 5-year view of Return on Invested Capital shows it stood at 0.2% in 2021, then rose by 11bps to 0.23% in 2022, then tumbled by -47bps to 0.12% in 2023, then crashed by -77bps to 0.03% in 2024, then surged by 209bps to 0.09% in 2025.
  • Per Business Quant, the three most recent readings for M's Return on Invested Capital are 0.09% (Q4 2025), 0.09% (Q3 2025), and 0.09% (Q2 2025).