Macy’s Inc (M) — Financial Flexibility Index

Latest as of January 2026: 0.11x

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). Also explore net asset momentum of Macy’s Inc to track the company's year-over-year net asset growth rate.

Financial Flexibility Index

0.11x
Free Cash Flow / Total Liabilities

Free Cash Flow

$1.21 Billion
Operating CF − Capex

Total Liabilities

$11.38 Billion
USD

Capital Expenditures

$24.00 Million
USD

Macy’s Inc Financial Flexibility Index (1993–2026)

Historical Financial Flexibility Index trend for Macy’s Inc across 34 annual periods. Check strategic asset allocation of Macy’s Inc to assess the company's strategic physical and investment asset allocation.

Annual Financial Flexibility Index for Macy’s Inc (1993–2026)

Year-by-year free cash flow to debt coverage for Macy’s Inc. For the full company profile including market capitalisation, see Macy’s Inc stock valuation.

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
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities