Macy’s Inc (M)

Operating profit margin

Jan 31, 2025 Feb 3, 2024 Jan 31, 2024 Jan 31, 2023 Jan 28, 2023
Operating income US$ in thousands 909,000 382,000 382,000 1,730,000 1,730,000
Revenue US$ in thousands 23,006,000 23,866,000 23,866,000 23,866,000 25,449,000
Operating profit margin 3.95% 1.60% 1.60% 7.25% 6.80%

January 31, 2025 calculation

Operating profit margin = Operating income ÷ Revenue
= $909,000K ÷ $23,006,000K
= 3.95%

To analyze Macy’s Inc operating profit margin based on the provided data, we can observe fluctuations over multiple periods. In January 28, 2023, the operating profit margin was 6.80%, showing a relatively healthy level of profitability. Subsequently, by January 31, 2023, there was a slight improvement with the margin increasing to 7.25%.

However, there was a notable decline in the operating profit margin by January 31, 2024, where it dropped to 1.60%, signaling potential challenges in maintaining profitability. This decline was consistent as of February 3, 2024, where the operating profit margin remained at 1.60%.

Fortunately, there was a slight recovery in the operating profit margin by January 31, 2025, increasing to 3.95%. While this improvement is positive, it is essential for Macy’s Inc to focus on sustaining and potentially increasing this margin to ensure long-term financial stability and growth.


Peer comparison

Jan 31, 2025

Company name
Symbol
Operating profit margin
Macy’s Inc
M
3.95%
Burlington Stores Inc
BURL
-23.65%
Kohl's Corporation
KSS
2.67%