Macy’s Inc (M) — Cash Flow Quality Index
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. Also explore Macy’s Inc (M) total assets for the complete picture of this company's asset base.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
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. Check Macy’s Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Macy’s Inc (1993–2026)
Year-by-year earnings quality comparison for Macy’s Inc. For live market cap and the full company financial profile, see M market cap overview.
| 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 | — |