Macy’s Inc (M) — Tangible Net Worth Ratio
Macy’s Inc (M) has a Tangible Net Worth Ratio of 91.4% as of January 2026. This metric is calculated by deducting intangible assets ($420.00 Million) from net assets ($4.86 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Macy’s Inc (M) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Macy’s Inc Tangible Net Worth Ratio (1993–2026)
This chart shows how Macy’s Inc's Tangible Net Worth Ratio has changed across 34 annual periods from 1993 to 2026. As of January 2026, the ratio stands at 91.4%, reflecting net assets of $4.86 Billion with intangible assets of $420.00 Million USD. See M days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Macy’s Inc (1993–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Macy’s Inc from 1993 to 2026, covering 34 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see M market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 91.4% | $4.86 Billion | $420.00 Million | $16.24 Billion | ▲ +0.7 pp |
| 2025 | 90.7% | $4.55 Billion | $425.00 Million | $16.40 Billion | ▲ +1.3 pp |
| 2024 | 89.3% | $4.04 Billion | $430.00 Million | $16.25 Billion | ▼ -0.1 pp |
| 2023 | 89.4% | $4.08 Billion | $432.00 Million | $16.87 Billion | ▲ +1.4 pp |
| 2022 | 88.0% | $3.62 Billion | $435.00 Million | $17.59 Billion | ▲ +5.1 pp |
| 2021 | 82.9% | $2.55 Billion | $437.00 Million | $17.71 Billion | ▼ -10.2 pp |
| 2020 | 93.1% | $6.38 Billion | $439.00 Million | $21.17 Billion | ▲ +0.5 pp |
| 2019 | 92.6% | $6.44 Billion | $478.00 Million | $19.19 Billion | ▲ +1.2 pp |
| 2018 | 91.4% | $5.66 Billion | $488.00 Million | $19.38 Billion | ▲ +2.9 pp |
| 2017 | 88.5% | $4.32 Billion | $498.00 Million | $19.85 Billion | ▲ +0.6 pp |
| 2016 | 87.9% | $4.25 Billion | $514.00 Million | $20.58 Billion | ▼ -2.9 pp |
| 2015 | 90.8% | $5.38 Billion | $496.00 Million | $21.46 Billion | ▼ -0.8 pp |
| 2014 | 91.6% | $6.24 Billion | $527.00 Million | $21.62 Billion | ▲ +0.8 pp |
| 2013 | 90.7% | $6.05 Billion | $561.00 Million | $20.99 Billion | ▲ +0.8 pp |
| 2012 | 89.9% | $5.93 Billion | $598.00 Million | $22.09 Billion | ▲ +1.4 pp |
| 2011 | 88.5% | $5.53 Billion | $637.00 Million | $20.63 Billion | ▲ +2.9 pp |
| 2010 | 85.6% | $4.70 Billion | $678.00 Million | $21.30 Billion | ▲ +1.1 pp |
| 2009 | 84.5% | $4.65 Billion | $719.00 Million | $22.14 Billion | ▼ -7.1 pp |
| 2008 | 91.6% | $9.91 Billion | $831.00 Million | $27.79 Billion | ▼ -1.2 pp |
| 2007 | 92.8% | $12.25 Billion | $883.00 Million | $29.55 Billion | ▲ +0.8 pp |
| 2006 | 92.0% | $13.52 Billion | $1.08 Billion | $33.17 Billion | ▼ -1.9 pp |
| 2005 | 93.9% | $6.17 Billion | $378.00 Million | $14.88 Billion | ▲ +4.6 pp |
| 2004 | 89.2% | $5.94 Billion | $640.00 Million | $14.55 Billion | ▲ +0.3 pp |
| 2003 | 88.9% | $5.76 Billion | $640.00 Million | $14.44 Billion | ▲ +1.2 pp |
| 2002 | 87.7% | $5.56 Billion | $683.00 Million | $15.04 Billion | ▲ +3.1 pp |
| 2001 | 84.6% | $5.82 Billion | $896.00 Million | $17.01 Billion | ▲ +11.1 pp |
| 2000 | 73.5% | $6.55 Billion | $1.74 Billion | $17.69 Billion | ▼ -15.4 pp |
| 1999 | 88.9% | $5.71 Billion | $631.00 Million | $13.46 Billion | ▲ +2.1 pp |
| 1998 | 86.9% | $5.26 Billion | $690.00 Million | $13.74 Billion | ▲ +2.2 pp |
| 1997 | 84.6% | $4.67 Billion | $717.40 Million | $14.26 Billion | ▲ +2.1 pp |
| 1996 | 82.6% | $4.27 Billion | $744.70 Million | $14.30 Billion | ▲ +10.2 pp |
| 1995 | 72.3% | $3.64 Billion | $1.01 Billion | $12.38 Billion | ▼ -27.7 pp |
| 1994 | 100.0% | $2.28 Billion | $0.00 | $7.42 Billion | ▲ +0.0 pp |
| 1993 | 100.0% | $2.08 Billion | $0.00 | $7.02 Billion | — |