# Macy's Inc. (M) — Stock CV

Macy's Inc. is a $5.92B consumer company. Revenue shrank 16.7% over the last year, it keeps 2¢ of every dollar of sales as profit, and its net debt equals ~1.8 years of free cash flow. It trades at 7.9× earnings — around the middle of its own history.

> Founded in 1858 and based in New York City, Macy's operates about 430 eponymous stores, 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's names, and 170 freestanding Bluemercury specialty beauty stores.

## Identity

- **Ticker**: M
- **Sector**: Consumer Cyclical
- **Industry**: Retail-Department Stores
- **Headquarters**: NEW YORK, NY
- **Employees**: 90 134
- **Website**: https://www.macysinc.com
- **Market cap**: $5.92B
- **Last price**: $22.67
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $47.4B
- **Net income**: $1.17B
- **Free cash flow**: $2.13B
- **Net debt**: $3.79B
- **P/E**: 7.9
- **Revenue growth (YoY)**: -16.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 87 |
| Growth | 0 |
| Profitability | 36 |
| Health | 58 |
| Quality | 66 |
| Moat | 51 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [ ] Revenue growing — -16.7% YoY
- [x] Profitable — $1.17B TTM
- [ ] Profit growing — -17.1% YoY
- [x] Generates cash — $2.13B TTM
- [x] Debt under control — ~1.8y of cash flow to repay
- [x] Established company — $5.92B market cap
- [x] Not printing shares — -7.0% shares over ~5y
- [x] Proven track record — 11/12 profitable years
- [x] Financially stable — Altman Z 1.8 — grey
- [x] Pays a dividend — yield 3.34%
- [x] Valuation not extreme — P/E 7.9

## Experience (career milestones)

- **FY2022** — Best year on record: $2.69B net income
- **FY2021** — Positive free cash flow every year since: 7-year streak
- **FY2016** — First recorded profitable year: $1.01B net income
- **FY2016** — Revenue already above $50B: $60.4B in first reported year

## Strengths

- High gross margin (40.7%)
- Interest covered 9.8× by operating earnings

## Watch-outs

- Revenue shrinking 16.7% year over year
- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2023 | $55.4B | $699M | $305M |
| FY2024 | $53.1B | $1.10B | $172M |
| FY2025 | $51.9B | $939M | $944M |
| FY2026 | $52.2B | $1.07B | $1.67B |
| FY2027 | $14.8B | $295M | $637M |

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Source: https://stockcv.com/M — derived from company filings; may be delayed or incomplete. Information, not investment advice.