Macy'sM +5.80%69 FCF Margin % is 2.35% as of Apr. 2026, which is 3% below its 10-year median of 2.42. GuruFocus rates M with a GF Score™ of 69/100 and a GF Value™ of $16.04 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,125 Retail - Cyclical companies, Macy's ranks better than 57.6% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Macy's's Free Cash Flow for the
three
months ended in Apr. 2026 was $115 Mil. Macy's's Revenue for the
three
months ended in Apr. 2026 was $4,892 Mil. Therefore, Macy's's FCF Margin % for the quarter that ended in Apr. 2026 was 2.35%.
The historical rank and industry rank for Macy's's FCF Margin % or its related term are showing as below:
M'
s FCF Margin % Range Over the Past 10 Years
Min: 1.01 Med: 2.42 Max: 8.33
Current: 4.6
During the past 13 years, the highest FCF Margin % of Macy's was 8.33%. The lowest was 1.01%. And the median was 2.42%.
M's FCF Margin % is ranked better than 57.6% of 1125
companies
in the Retail - Cyclical industry
Industry Median: 3.02
vs M: 4.60
Macy's FCF Margin % Related Terms
Macy's FCF Margin % Historical Data
* Premium members only.
The historical data trend for Macy's's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Department Stores subindustry, Macy's's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Macy's FCF Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Macy's's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Macy's (M) has a FCF Margin % of 2.35% as of Apr. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Macy's and its competitors. This is near median its historical median of 2.42. Over the past decade, Macy's' FCF Margin % has ranged from 1.01 to 8.33. According to the industry distribution chart, Macy's ranks #477 out of 1125 companies in the Retail - Cyclical industry, placing it in the top 42.4%.
Is Macy's' FCF Margin % too high?
Macy's' current FCF Margin % of 2.35% is near median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 8.33. The Retail - Cyclical industry median FCF Margin % is 3.02. Macy's' value of 2.35% is 22.2% below this industry median. Based on the distribution chart, Macy's ranks #477 out of 1125 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Macy's has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macy's' FCF Margin % compare to PLBL and DDS?
According to the Retail - Cyclical industry distribution chart, Macy's ranks #477 out of 1125 companies for FCF Margin %. This puts Macy's in the upper half of its industry. The industry median FCF Margin % is 3.02. Macy's' value of 2.35% is 22.2% below this benchmark. Historically, Macy's' own FCF Margin % has ranged from 1.01 to 8.33 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 3.02, Macy's has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Retail - Cyclical company?
The median FCF Margin % among Retail - Cyclical companies is 3.02, based on 1,125 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Macy's's current FCF Margin % of 2.35% is 22.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Macy's and its competitors. For the Retail - Cyclical industry, the median FCF Margin % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macy's's current FCF Margin % is 2.35%, which is near median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macy's stock overvalued right now?
Based on GuruFocus' analysis, Macy's (M) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.04, compared to a current price of $25.34 — trading 58% above its estimated fair value. The current FCF Margin % is 2.35%, which is near median its 10-year median of 2.42 and 22.2% below the Retail - Cyclical industry median of 3.02. Macy's' overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Macy's (M), the current FCF Margin % is 2.35% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Macy's (M) Overvalued in 2026?
Based on GuruFocus' analysis, Macy's stock appears to be overvalued.
The current stock price of $25.34 is trading 58% above its estimated GF Value™ of $16.04.
GuruFocus considers Macy's to be Significantly Overvalued.
Key valuation signals for M:
FCF Margin %: 2.35% (near median its 10-year median of 2.42)
GF Value™: $16.04 vs. price of $25.34 (58% above fair value)
Industry Position: 22.2% below the Retail - Cyclical median (#477 of 1125)
No single metric tells the full story. See the M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 64% of 2025 net retail sales.
69GF Score
Get the complete analysis for M
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
M has been successfully added to your 
