M FINANCIAL STATEMENTS

Macy’s Inc — balance sheet, income statement and cash flow trends

MMacy’s Inc

🇺🇸 USA · NYSE · Consumer Cyclical · Department Stores

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q2 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue22.7 B $-0.3%

Gross Profit8.3 B $-9.9%

Operating Income1 B $+15.6%

EBITDA1.9 B $+12.1%

Net Income667 M $+19.5%

Peer Comparison· Department Stores

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
M	-0.3%	36.5%	8.5%	2.9%
FROTO	12.3%	8.0%	6.8%	3.8%
GIL	23.4%	28.5%	20.3%	6.1%
JBH	8.6%	22.5%	9.5%	4.4%
CTC-A	1.7%	32.9%	12.4%	3.6%
RNO	3.0%	19.1%	-10.1%	-18.9%
Industry median	0.6%	36.5%	6.9%	1.8%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q2 2026

Equity4.8 B $30%
Current Liabilities4.7 B $29%
Long-term Liabilities6.8 B $42%

Key Figures

YoY change

Total Assets16.3 B $+1.3%

Total Liabilities11.5 B $-1.5%

Total Equity4.8 B $+8.7%

Cash & ST Investments1.3 B $+38.8%

Total Debt5.1 B $-9.8%

Net Debt3.8 B $-19.4%

Peer Comparison· Department Stores

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
M	1.48	105.6%	1.97	29.7%
FROTO	1.26	99.2%	1.82	35.9%
GIL	2.35	147.1%	5.81	32.5%
JBH	1.16	74.7%	0.73	39.0%
CTC-A	1.74	133.6%	3.57	26.7%
RNO	1.03	331.6%	-8.52	17.2%
Industry median	1.10	105.6%	0.73	30.6%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q2 2026 · TTM

Key Figures

YoY change

Operating Cash Flow1.8 B $+64.6%

Capital Expenditures284 M $-60.3%

Free Cash Flow1.5 B $+307.0%

Dividends Paid-196 M $-200.5%

Peer Comparison· Department Stores

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
M	7.9%	6.6%	1.3%	267.8%
FROTO	10.8%	8.3%	3.2%	282.9%
GIL	11.0%	8.3%	2.8%	180.0%
JBH	6.1%	5.2%	0.8%	137.8%
CTC-A	7.9%	4.4%	3.5%	215.5%
RNO	4.0%	-1.2%	5.3%	-21.4%
Industry median	8.1%	6.6%	1.4%	189.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.