Macy’s Inc (M) — Cash Flow Quality Index
Latest as of January 2026:
0.23x
Macy’s Inc (M) has a Cash Flow Quality Index of 0.23x as of January 2026. Operating cash flow of $1.18 Billion is below net income of $5.04 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Macy’s Inc debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
0.23x
Operating CF / Net Income
Operating Cash Flow
$1.18 Billion
USD
Net Income
$5.04 Billion
USD
Data as of
Jan 2026
Most recent filing
Macy’s Inc Cash Flow Quality Index (1993–2026)
Historical Cash Flow Quality Index for Macy’s Inc across 30 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see M cash flow metrics.
Annual Cash Flow Quality Index for Macy’s Inc (1993–2026)
Year-by-year earnings quality comparison for Macy’s Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 2.23x | $1.43 Billion | $642.00 Million | ▲ +1.4% |
| 2025 | 2.20x | $1.28 Billion | $582.00 Million | ▼ -82.3% |
| 2024 | 12.43x | $1.30 Billion | $105.00 Million | ▲ +805.8% |
| 2023 | 1.37x | $1.61 Billion | $1.18 Billion | ▼ -27.6% |
| 2022 | 1.90x | $2.71 Billion | $1.43 Billion | ▼ -33.5% |
| 2020 | 2.85x | $1.61 Billion | $564.00 Million | ▲ +80.4% |
| 2019 | 1.58x | $1.74 Billion | $1.10 Billion | ▲ +24.9% |
| 2018 | 1.27x | $1.94 Billion | $1.54 Billion | ▼ -57.1% |
| 2017 | 2.95x | $1.80 Billion | $611.00 Million | ▲ +59.0% |
| 2016 | 1.85x | $1.98 Billion | $1.07 Billion | ▲ +4.4% |
| 2015 | 1.78x | $2.71 Billion | $1.53 Billion | ▲ +3.5% |
| 2014 | 1.72x | $2.55 Billion | $1.49 Billion | ▲ +1.3% |
| 2013 | 1.69x | $2.26 Billion | $1.33 Billion | ▲ +1.6% |
| 2012 | 1.67x | $2.09 Billion | $1.26 Billion | ▼ -6.3% |
| 2011 | 1.78x | $1.51 Billion | $847.00 Million | ▼ -64.4% |
| 2010 | 5.00x | $1.75 Billion | $350.00 Million | ▲ +99.5% |
| 2008 | 2.51x | $2.24 Billion | $893.00 Million | ▼ -33.4% |
| 2007 | 3.76x | $3.75 Billion | $995.00 Million | ▲ +172.3% |
| 2006 | 1.38x | $1.94 Billion | $1.41 Billion | ▼ -36.8% |
| 2005 | 2.19x | $1.51 Billion | $689.00 Million | ▼ -4.7% |
| 2004 | 2.29x | $1.59 Billion | $693.00 Million | ▲ +60.7% |
| 2003 | 1.43x | $1.17 Billion | $818.00 Million | ▼ -10.1% |
| 2000 | 1.59x | $1.26 Billion | $795.00 Million | ▼ -35.6% |
| 1999 | 2.47x | $1.69 Billion | $685.00 Million | ▼ -9.8% |
| 1998 | 2.74x | $1.57 Billion | $575.00 Million | ▼ -40.4% |
| 1997 | 4.59x | $1.22 Billion | $265.90 Million | ▲ +16.3% |
| 1996 | 3.95x | $294.50 Million | $74.60 Million | ▲ +358.6% |
| 1995 | 0.86x | $161.50 Million | $187.60 Million | ▼ -58.7% |
| 1994 | 2.09x | $410.50 Million | $196.80 Million | ▼ -37.3% |
| 1993 | 3.33x | $441.60 Million | $132.70 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.