Macy’s Inc (M) — Cash Flow Reinvestment Rate
Latest as of January 2026:
0.02x
Macy’s Inc (M) has a Cash Flow Reinvestment Rate of 0.02x as of January 2026, reinvesting $24.00 Million (capex $24.00 Million ) from operating cash flow of $1.18 Billion. See M cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
0.02x
(Capex + Investments) / Operating CF
Total Reinvested
$24.00 Million
Capex + Investments
Operating Cash Flow
$1.18 Billion
USD
Capital Expenditures
$24.00 Million
USD
Macy’s Inc Cash Flow Reinvestment Rate (1993–2026)
Historical reinvestment intensity for Macy’s Inc across 34 annual periods. For the full cash flow conversion analysis, see how efficiently does Macy’s Inc generate cash.
Annual Cash Flow Reinvestment Rate for Macy’s Inc (1993–2026)
Year-by-year capital reinvestment analysis for Macy’s Inc. See Macy’s Inc free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.26x | $373.00 Million | $1.43 Billion | $373.00 Million | ▼ -70.0% |
| 2025 | 0.87x | $1.11 Billion | $1.28 Billion | $518.00 Million | ▼ -40.5% |
| 2024 | 1.46x | $1.91 Billion | $1.30 Billion | $993.00 Million | ▼ -4.3% |
| 2023 | 1.53x | $2.46 Billion | $1.61 Billion | $1.29 Billion | ▲ +327.9% |
| 2022 | 0.36x | $967.00 Million | $2.71 Billion | $597.00 Million | ▼ -70.7% |
| 2021 | 1.22x | $791.00 Million | $649.00 Million | $466.00 Million | ▼ -9.2% |
| 2020 | 1.34x | $2.16 Billion | $1.61 Billion | $1.16 Billion | ▲ +67.8% |
| 2019 | 0.80x | $1.39 Billion | $1.74 Billion | $932.00 Million | ▲ +37.3% |
| 2018 | 0.58x | $1.13 Billion | $1.94 Billion | $760.00 Million | ▼ -4.5% |
| 2017 | 0.61x | $1.10 Billion | $1.80 Billion | $912.00 Million | ▲ +8.8% |
| 2016 | 0.56x | $1.11 Billion | $1.98 Billion | $1.11 Billion | ▲ +42.3% |
| 2015 | 0.39x | $1.07 Billion | $2.71 Billion | $1.07 Billion | ▲ +16.4% |
| 2014 | 0.34x | $863.00 Million | $2.55 Billion | $863.00 Million | ▼ -18.7% |
| 2013 | 0.42x | $942.00 Million | $2.26 Billion | $942.00 Million | ▲ +14.1% |
| 2012 | 0.37x | $764.00 Million | $2.09 Billion | $764.00 Million | ▲ +8.9% |
| 2011 | 0.34x | $505.00 Million | $1.51 Billion | $505.00 Million | ▲ +27.6% |
| 2010 | 0.26x | $460.00 Million | $1.75 Billion | $460.00 Million | ▼ -44.9% |
| 2009 | 0.48x | $897.00 Million | $1.88 Billion | $897.00 Million | ▼ -3.3% |
| 2008 | 0.49x | $1.10 Billion | $2.24 Billion | $1.10 Billion | ▲ +32.9% |
| 2007 | 0.37x | $1.39 Billion | $3.75 Billion | $1.39 Billion | ▲ +10.1% |
| 2006 | 0.34x | $656.00 Million | $1.94 Billion | $656.00 Million | ▼ -7.2% |
| 2005 | 0.36x | $548.00 Million | $1.51 Billion | $548.00 Million | ▲ +13.8% |
| 2004 | 0.32x | $508.00 Million | $1.59 Billion | $508.00 Million | ▼ -34.3% |
| 2003 | 0.49x | $568.00 Million | $1.17 Billion | $568.00 Million | ▲ +1.2% |
| 2002 | 0.48x | $615.00 Million | $1.28 Billion | $615.00 Million | ▼ -16.8% |
| 2001 | 0.58x | $742.00 Million | $1.28 Billion | $742.00 Million | ▼ -5.3% |
| 2000 | 0.61x | $770.00 Million | $1.26 Billion | $770.00 Million | ▲ +48.2% |
| 1999 | 0.41x | $695.00 Million | $1.69 Billion | $695.00 Million | ▼ -7.1% |
| 1998 | 0.44x | $696.00 Million | $1.57 Billion | $696.00 Million | ▼ -36.2% |
| 1997 | 0.69x | $846.00 Million | $1.22 Billion | $846.00 Million | ▼ -70.7% |
| 1996 | 2.37x | $696.50 Million | $294.50 Million | $696.50 Million | ▼ -1.3% |
| 1995 | 2.40x | $386.80 Million | $161.50 Million | $386.80 Million | ▲ +217.7% |
| 1994 | 0.75x | $309.50 Million | $410.50 Million | $309.50 Million | ▲ +67.7% |
| 1993 | 0.45x | $198.50 Million | $441.60 Million | $198.50 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow