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Macy's Valuation Multiples
Discover revenue and EBITDA valuation multiples for Macy's and similar public comparables like Shimamura, Eagers Automotive, Kalyan Jewellers India, Valvoline and more.
Macy's Overview
About Macy's
Founded in 1858 and based in New York City, Macy’s operates about 450 stores under the Macy’s name, nearly 60 stores under the Bloomingdale’s (full-price and outlet) and Bloomie's names, and more than 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 constitute about 62% of Macy’s sales.
Founded
1985
HQ
Employees
94.2K
Website
Sectors
Financials (LTM)
EV
$9B
Macy's Financials
Macy's reported last 12-month revenue of $22B and EBITDA of $2B.
In the same LTM period, Macy's generated $8B in gross profit, $2B in EBITDA, and $629M in net income.
Revenue (LTM)
Macy's P&L
In the most recent fiscal year, Macy's reported revenue of $23B and EBITDA of $2B.
Macy's expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $22B | XXX | $23B | XXX | XXX | XXX |
| Gross Profit | $8B | XXX | $9B | XXX | XXX | XXX |
| Gross Margin | 38% | XXX | 40% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $629M | XXX | $643M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Macy's Stock Performance
Macy's has current market cap of $5B, and enterprise value of $9B.
Market Cap Evolution
Macy's' stock price is $17.82.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $5B | 0.0% | XXX | XXX | XXX | $2.44 |
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Start Free TrialMacy's Valuation Multiples
Macy's trades at 0.4x EV/Revenue multiple, and 4.7x EV/EBITDA.
EV / Revenue (LTM)
Macy's Financial Valuation Multiples
As of April 9, 2026, Macy's has market cap of $5B and EV of $9B.
Equity research analysts estimate Macy's' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Macy's has a P/E ratio of 7.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 4.7x | XXX | 4.7x | XXX | XXX | XXX |
| EV/EBIT | 9.5x | XXX | 9.3x | XXX | XXX | XXX |
| EV/Gross Profit | 1.0x | XXX | 0.9x | XXX | XXX | XXX |
| P/E | 7.5x | XXX | 7.3x | XXX | XXX | XXX |
| EV/FCF | 12.1x | XXX | 12.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Macy's Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Macy's Margins & Growth Rates
Macy's' revenue in the last 12 month declined by (1%).
Macy's' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Macy's' rule of 40 is 4% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Macy's' rule of X is (3%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Macy's Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (1%) | XXX | (5%) | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Growth | (3%) | XXX | (4%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 4% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (3%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 36% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Macy's Public Comps
See public comps and valuation multiples for other Specialty Stores comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Shimamura | XXX | XXX | XXX | XXX | XXX | XXX |
| Eagers Automotive | XXX | XXX | XXX | XXX | XXX | XXX |
| Kalyan Jewellers India | XXX | XXX | XXX | XXX | XXX | XXX |
| Valvoline | XXX | XXX | XXX | XXX | XXX | XXX |
| Jarir | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Macy's M&A Activity
Macy's acquired XXX companies to date.
Last acquisition by Macy's was on XXXXXXXX, XXXXX. Macy's acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Macy's
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMacy's Investment Activity
Macy's invested in XXX companies to date.
Macy's made its latest investment on XXXXXXXX, XXXXX. Macy's invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Macy's
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Macy's
| When was Macy's founded? | Macy's was founded in 1985. |
| Where is Macy's headquartered? | Macy's is headquartered in United States. |
| How many employees does Macy's have? | As of today, Macy's has over 94K employees. |
| Who is the CEO of Macy's? | Macy's' CEO is Antony Spring. |
| Is Macy's publicly listed? | Yes, Macy's is a public company listed on NYSE. |
| What is the stock symbol of Macy's? | Macy's trades under M ticker. |
| When did Macy's go public? | Macy's went public in 1992. |
| Who are competitors of Macy's? | Macy's main competitors are Shimamura, Eagers Automotive, Kalyan Jewellers India, Valvoline. |
| What is the current market cap of Macy's? | Macy's' current market cap is $5B. |
| What is the current revenue of Macy's? | Macy's' last 12 months revenue is $22B. |
| What is the current revenue growth of Macy's? | Macy's revenue growth (NTM/LTM) is (1%). |
| What is the current EV/Revenue multiple of Macy's? | Current revenue multiple of Macy's is 0.4x. |
| Is Macy's profitable? | Yes, Macy's is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Macy's? | Macy's' last 12 months EBITDA is $2B. |
| What is Macy's' EBITDA margin? | Macy's' last 12 months EBITDA margin is 8%. |
| What is the current EV/EBITDA multiple of Macy's? | Current EBITDA multiple of Macy's is 4.7x. |
| What is the current FCF of Macy's? | Macy's' last 12 months FCF is $716M. |
| What is Macy's' FCF margin? | Macy's' last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Macy's? | Current FCF multiple of Macy's is 12.1x. |
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