Macy’s Inc (M) — Financial Flexibility Index
Macy’s Inc (M) has a Financial Flexibility Index of 0.11x as of January 2026. Free cash flow of $1.21 Billion (operating CF $1.18 Billion minus capex $24.00 Million) represents 0% of total liabilities ($11.38 Billion). Check Macy’s Inc (M) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Macy’s Inc Financial Flexibility Index (1993–2026)
Historical Financial Flexibility Index trend for Macy’s Inc across 34 annual periods. For the full cash flow conversion analysis, see Macy’s Inc cash flow conversion.
Annual Financial Flexibility Index for Macy’s Inc (1993–2026)
Year-by-year free cash flow to debt coverage for Macy’s Inc. Explore Macy’s Inc cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.16x | $1.80 Billion | $1.43 Billion | $11.38 Billion | ▲ +4.6% |
| 2025 | 0.15x | $1.80 Billion | $1.28 Billion | $11.85 Billion | ▼ -19.5% |
| 2024 | 0.19x | $2.30 Billion | $1.30 Billion | $12.21 Billion | ▼ -17.3% |
| 2023 | 0.23x | $2.91 Billion | $1.61 Billion | $12.78 Billion | ▼ -3.9% |
| 2022 | 0.24x | $3.31 Billion | $2.71 Billion | $13.97 Billion | ▲ +221.9% |
| 2021 | 0.07x | $1.11 Billion | $649.00 Million | $15.15 Billion | ▼ -60.6% |
| 2020 | 0.19x | $2.77 Billion | $1.61 Billion | $14.79 Billion | ▼ -10.6% |
| 2019 | 0.21x | $2.67 Billion | $1.74 Billion | $12.76 Billion | ▲ +6.1% |
| 2018 | 0.20x | $2.70 Billion | $1.94 Billion | $13.72 Billion | ▲ +12.8% |
| 2017 | 0.17x | $2.71 Billion | $1.80 Billion | $15.53 Billion | ▼ -7.9% |
| 2016 | 0.19x | $3.10 Billion | $1.98 Billion | $16.32 Billion | ▼ -19.2% |
| 2015 | 0.23x | $3.78 Billion | $2.71 Billion | $16.08 Billion | ▲ +5.9% |
| 2014 | 0.22x | $3.41 Billion | $2.55 Billion | $15.38 Billion | ▲ +3.5% |
| 2013 | 0.21x | $3.20 Billion | $2.26 Billion | $14.94 Billion | ▲ +21.3% |
| 2012 | 0.18x | $2.86 Billion | $2.09 Billion | $16.16 Billion | ▲ +32.7% |
| 2011 | 0.13x | $2.01 Billion | $1.51 Billion | $15.10 Billion | ▲ +0.0% |
| 2010 | 0.13x | $2.21 Billion | $1.75 Billion | $16.60 Billion | ▼ -16.1% |
| 2009 | 0.16x | $2.78 Billion | $1.88 Billion | $17.50 Billion | ▼ -15.1% |
| 2008 | 0.19x | $3.34 Billion | $2.24 Billion | $17.88 Billion | ▼ -37.1% |
| 2007 | 0.30x | $5.14 Billion | $3.75 Billion | $17.30 Billion | ▲ +124.5% |
| 2006 | 0.13x | $2.60 Billion | $1.94 Billion | $19.65 Billion | ▼ -43.9% |
| 2005 | 0.24x | $2.06 Billion | $1.51 Billion | $8.72 Billion | ▼ -3.3% |
| 2004 | 0.24x | $2.10 Billion | $1.59 Billion | $8.61 Billion | ▲ +21.8% |
| 2003 | 0.20x | $1.74 Billion | $1.17 Billion | $8.68 Billion | ▲ +0.1% |
| 2002 | 0.20x | $1.90 Billion | $1.28 Billion | $9.48 Billion | ▲ +10.4% |
| 2001 | 0.18x | $2.03 Billion | $1.28 Billion | $11.19 Billion | ▼ -0.7% |
| 2000 | 0.18x | $2.03 Billion | $1.26 Billion | $11.14 Billion | ▼ -40.7% |
| 1999 | 0.31x | $2.38 Billion | $1.69 Billion | $7.75 Billion | ▲ +15.0% |
| 1998 | 0.27x | $2.27 Billion | $1.57 Billion | $8.48 Billion | ▲ +24.2% |
| 1997 | 0.22x | $2.07 Billion | $1.22 Billion | $9.59 Billion | ▲ +117.8% |
| 1996 | 0.10x | $991.00 Million | $294.50 Million | $10.02 Billion | ▲ +57.6% |
| 1995 | 0.06x | $548.30 Million | $161.50 Million | $8.74 Billion | ▼ -55.2% |
| 1994 | 0.14x | $720.00 Million | $410.50 Million | $5.14 Billion | ▲ +8.2% |
| 1993 | 0.13x | $640.10 Million | $441.60 Million | $4.94 Billion | — |