Macy's (M) Return on Invested Capital [ROIC] (2009 - 2026)
Macy's (M) reported Return on Invested Capital [ROIC] of 11.87% for fiscal Q2 2027 (quarter ended Aug 1, 2026), up 3.35 percentage points from 8.53% a year earlier and up 0.88 percentage points from the prior quarter.
Macy's (M) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Macy's posted Return on Invested Capital [ROIC] of 10.65%, up 1.00 percentage points from FY2025.
- Return on Invested Capital [ROIC] has a five-year change of +51.71 percentage points (FY2021 to FY2026).
- By fiscal year, Return on Invested Capital [ROIC] came in at 9.65% in FY2025 (+5.38 pp), 4.28% in FY2024 (-14.51 pp), 18.79% in FY2023 (-6.20 pp) and 24.99% in FY2022 (+66.04 pp).
- The fiscal Q2 2027 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since fiscal Q3 2024.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last seven quarters, with an average year-over-year change of +2.69 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was fiscal Q4 2022 (a gain of 75.80 percentage points); the low point was fiscal Q2 2024 (a drop of 14.99 percentage points).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at 10.99% (Q1 2027), 11.09% (Q4 2026) and 8.68% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,712.14 Bn | 2,228.84 Bn | 104.83 Bn | 11.04% |
| 2 | Home Depot | 282.27 Bn | 275.52 Bn | 16.12 Bn | 23.31% |
| 3 | Tjx Companies | 146.16 Bn | 123.70 Bn | 5.07 Bn | 44.55% |
| 4 | Lowes Companies | 101.42 Bn | 94.39 Bn | 8.58 Bn | 26.54% |
| 5 | Ross Stores | 73.06 Bn | 55.98 Bn | 2.12 Bn | 33.92% |
| 6 | Target | 70.86 Bn | 65.45 Bn | 8.94 Bn | 14.40% |
| 7 | Carvana | 70.11 Bn | 61.71 Bn | 1.38 Bn | 0.00% |
| 8 | O Reilly Automotive | 69.29 Bn | 68.38 Bn | 2.52 Bn | 54.96% |
| 9 | Autozone | 45.61 Bn | 44.51 Bn | 2.52 Bn | 46.64% |
| 10 | Macy's | 5.94 Bn | 1.66 Bn | 2.21 Bn | 11.87% |
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 11.87% |
| May 2, 2026 | 10.99% |
| Jan 31, 2026 | 11.09% |
| Nov 1, 2025 | 8.68% |
| Aug 2, 2025 | 8.53% |
| May 3, 2025 | 9.18% |
| Feb 1, 2025 | 9.67% |
| Nov 2, 2024 | 2.79% |
| Aug 3, 2024 | 3.15% |
| May 4, 2024 | 1.79% |
| Feb 3, 2024 | 4.23% |
| Oct 28, 2023 | 11.96% |
| Jul 29, 2023 | 13.32% |
| Apr 29, 2023 | 16.22% |
| Jan 28, 2023 | 19.16% |
| Oct 29, 2022 | 23.63% |
| Jul 30, 2022 | 28.31% |
| Apr 30, 2022 | 29.84% |
| Jan 29, 2022 | 26.80% |
| Oct 30, 2021 | 17.01% |
Macy's Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=M&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=M&period=max&api_key=YOUR_API_KEY");
const data = await res.json();