Macy’s Inc (M) — Capital Reinvestment Ratio
Latest as of January 2026:
0.02x
Macy’s Inc (M) has a Capital Reinvestment Ratio of 0.02x as of January 2026, meaning it reinvests 0% of its operating cash flow ($1.18 Billion) in capital expenditures ($24.00 Million). Check Macy’s Inc (M) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
0.02x
Capex / Operating Cash Flow
Operating Cash Flow
$1.18 Billion
USD
Capital Expenditures
$24.00 Million
USD
Data as of
Jan 2026
Most recent filing
Macy’s Inc Capital Reinvestment Ratio (1993–2026)
This chart tracks Macy’s Inc's Capital Reinvestment Ratio across 34 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Macy’s Inc.
Annual Capital Reinvestment Ratio for Macy’s Inc (1993–2026)
Year-by-year Capital Reinvestment Ratio for Macy’s Inc from 1993 to 2026. See M FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2026 | 0.26x | $1.43 Billion | $373.00 Million | ▼ -35.6% |
| 2025 | 0.41x | $1.28 Billion | $518.00 Million | ▼ -46.7% |
| 2024 | 0.76x | $1.30 Billion | $993.00 Million | ▼ -5.1% |
| 2023 | 0.80x | $1.61 Billion | $1.29 Billion | ▲ +264.3% |
| 2022 | 0.22x | $2.71 Billion | $597.00 Million | ▼ -69.3% |
| 2021 | 0.72x | $649.00 Million | $466.00 Million | ▼ -0.2% |
| 2020 | 0.72x | $1.61 Billion | $1.16 Billion | ▲ +33.9% |
| 2019 | 0.54x | $1.74 Billion | $932.00 Million | ▲ +37.4% |
| 2018 | 0.39x | $1.94 Billion | $760.00 Million | ▼ -22.8% |
| 2017 | 0.51x | $1.80 Billion | $912.00 Million | ▼ -9.7% |
| 2016 | 0.56x | $1.98 Billion | $1.11 Billion | ▲ +42.3% |
| 2015 | 0.39x | $2.71 Billion | $1.07 Billion | ▲ +16.4% |
| 2014 | 0.34x | $2.55 Billion | $863.00 Million | ▼ -18.7% |
| 2013 | 0.42x | $2.26 Billion | $942.00 Million | ▲ +14.1% |
| 2012 | 0.37x | $2.09 Billion | $764.00 Million | ▲ +8.9% |
| 2011 | 0.34x | $1.51 Billion | $505.00 Million | ▲ +27.6% |
| 2010 | 0.26x | $1.75 Billion | $460.00 Million | ▼ -44.9% |
| 2009 | 0.48x | $1.88 Billion | $897.00 Million | ▼ -3.3% |
| 2008 | 0.49x | $2.24 Billion | $1.10 Billion | ▲ +32.9% |
| 2007 | 0.37x | $3.75 Billion | $1.39 Billion | ▲ +10.1% |
| 2006 | 0.34x | $1.94 Billion | $656.00 Million | ▼ -7.2% |
| 2005 | 0.36x | $1.51 Billion | $548.00 Million | ▲ +13.8% |
| 2004 | 0.32x | $1.59 Billion | $508.00 Million | ▼ -34.3% |
| 2003 | 0.49x | $1.17 Billion | $568.00 Million | ▲ +1.2% |
| 2002 | 0.48x | $1.28 Billion | $615.00 Million | ▼ -16.8% |
| 2001 | 0.58x | $1.28 Billion | $742.00 Million | ▼ -5.3% |
| 2000 | 0.61x | $1.26 Billion | $770.00 Million | ▲ +48.2% |
| 1999 | 0.41x | $1.69 Billion | $695.00 Million | ▼ -7.1% |
| 1998 | 0.44x | $1.57 Billion | $696.00 Million | ▼ -36.2% |
| 1997 | 0.69x | $1.22 Billion | $846.00 Million | ▼ -70.7% |
| 1996 | 2.37x | $294.50 Million | $696.50 Million | ▼ -1.3% |
| 1995 | 2.40x | $161.50 Million | $386.80 Million | ▲ +217.7% |
| 1994 | 0.75x | $410.50 Million | $309.50 Million | ▲ +67.7% |
| 1993 | 0.45x | $441.60 Million | $198.50 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow