Macy’s Inc Financial Flexibility Index
Macy’s Inc 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). See how much free cash does Macy’s Inc generate to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Macy’s Inc (1993–2026)
Financial flexibility index of Macy’s Inc from 1993 to 2026. Historical Financial Flexibility Index trend for Macy’s Inc across 34 annual periods. Check Macy’s Inc (M) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Macy’s Inc Financial Flexibility Index by Year (1993–2026)
Macy’s Inc financial flexibility index by year from 1993 to 2026. Year-by-year free cash flow to debt coverage for Macy’s Inc. For the full cash flow conversion analysis, see Macy’s Inc (M) cash conversion ratio.
| 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 | — |