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03Detailed Report
0JXD.L
Company 0JXD.L
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 18, 2026
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Executive Summary
Macy's QQ4 2024 delivered a pronounced earnings rebound driven by a strong top-line recovery and meaningful improvements in profitability. Revenue reached $8.007 billion, up 60.14% year-over-year and 63.31% quarter-over-quarter, underpinned by favorable demand and an aggressive but disciplined promotional strategy. Gross profit totaled $3.016 billion for a gross margin of 37.67%, marking a material improvement versus prior periods and signaling favorable leverage on fixed costs as the company scales its omnichannel template. Operating income was $499 million (6.23% margin), a dramatic YoY uplift of 299.2% and QoQ surge of 679.69%, with net income of $342 million and diluted EPS of $1.21, while basic EPS stood at $1.23. EBITDA reached $681 million, translating to an EBITDA margin of 8.51%.
Key Performance Indicators
Revenue
Increasing
8.01B
QoQ: 63.31% | YoY: 60.14%
Gross Profit
Increasing
3.02B
37.67% margin
QoQ: 47.92% | YoY: 46.84%
Operating Income
Increasing
499.00M
QoQ: 679.69% | YoY: 299.20%
Net Income
Increasing
342.00M
QoQ: 1 121.43% | YoY: 451.61%
EPS
Increasing
1.23
QoQ: 1 130.00% | YoY: 459.09%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $8.007B (YoY +60.14%, QoQ +63.31%). Gross Profit: $3.016B; Gross Margin 37.67%. Operating Income: $499M; Operating Margin 6.23%. Net Income: $342M; Net Margin 4.27%. EPS (diluted): $1.21; EPS (basic): $1.23. EBITDA: $681M; EBITDA Margin 8.51%. Cash Flow: Operating cash flow $1.309B; Free cash flow $1.189B. Balance Sheet: Total assets $16.402B; Total liabilities $11.85B; Total equity $4.552B; Total debt $5.707B; Net debt $4.40B. Liquidity: Cash and equivalents $1.306B; Current ratio 1.43; Quick ratio 0.445; Cash ratio 0.289. Dividend payout ratio 14%; Dividend yield 1.11%. Valuation snapshots show P/E 3.17, P/B 0.95, P/S 0.542, EV/EBITDA 12.81.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
8.01B
60.14%
63.31%
Gross Profit
3.02B
46.84%
47.92%
Operating Income
499.00M
299.20%
679.69%
Net Income
342.00M
451.61%
1 121.43%
EPS
1.23
459.09%
1 130.00%
Key Financial Ratios
Gross Profit Margin
Fair
37.70%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Fair
6.24%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
4.27%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
2.09%
Return on assets suggests inefficient capital allocation
Return on Equity
Fair
7.51%
Return on equity is acceptable but below top-tier companies
Current Ratio
Adequate
1.43
Current ratio meets minimum requirements but limited cushion
Debt to Equity
High Risk
1.25
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Value
3.17x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Undervalued
0.95x
Trading below book value, potential value opportunity or distressed
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