vs
Side-by-side financial comparison of Ameriprise Financial (AMP) and Macy's, Inc. (M). Click either name above to swap in a different company.
Ameriprise Financial is the larger business by last-quarter revenue ($4.9B vs $4.7B, roughly 1.0× Macy's, Inc.). Ameriprise Financial runs the higher net margin — 18.7% vs 0.2%, a 18.5% gap on every dollar of revenue. On growth, Ameriprise Financial posted the faster year-over-year revenue change (9.0% vs -0.6%). Over the past eight quarters, Ameriprise Financial's revenue compounded faster (5.5% CAGR vs -23.8%).
Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-di...
Macy's, Inc. is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over Macy's, the old department store chain originally founded in 1858 by A...
AMP vs M — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $4.7B |
| Net Profit | $915.0M | $11.0M |
| Gross Margin | — | 39.4% |
| Operating Margin | — | 0.9% |
| Net Margin | 18.7% | 0.2% |
| Revenue YoY | 9.0% | -0.6% |
| Net Profit YoY | 57.0% | -60.7% |
| EPS (diluted) | — | $0.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $4.9B | — | ||
| Q4 25 | $5.0B | $4.7B | ||
| Q3 25 | $4.9B | $4.8B | ||
| Q2 25 | $4.5B | $4.6B | ||
| Q1 25 | $4.5B | $7.8B | ||
| Q4 24 | $4.6B | $4.7B | ||
| Q3 24 | $4.6B | $4.9B | ||
| Q2 24 | $4.4B | $4.8B |
| Q1 26 | $915.0M | — | ||
| Q4 25 | $1.0B | $11.0M | ||
| Q3 25 | $912.0M | $87.0M | ||
| Q2 25 | $1.1B | $38.0M | ||
| Q1 25 | $583.0M | $342.0M | ||
| Q4 24 | $1.1B | $28.0M | ||
| Q3 24 | $511.0M | $150.0M | ||
| Q2 24 | $829.0M | $62.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 39.4% | ||
| Q3 25 | — | 39.7% | ||
| Q2 25 | — | 39.2% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | — | 39.6% | ||
| Q3 24 | — | 40.5% | ||
| Q2 24 | — | 39.2% |
| Q1 26 | — | — | ||
| Q4 25 | 25.6% | 0.9% | ||
| Q3 25 | 24.0% | 3.1% | ||
| Q2 25 | 30.1% | 2.0% | ||
| Q1 25 | 15.3% | 6.4% | ||
| Q4 24 | 29.1% | 1.3% | ||
| Q3 24 | 14.1% | 4.5% | ||
| Q2 24 | 23.9% | 2.6% |
| Q1 26 | 18.7% | — | ||
| Q4 25 | 20.0% | 0.2% | ||
| Q3 25 | 18.6% | 1.8% | ||
| Q2 25 | 23.6% | 0.8% | ||
| Q1 25 | 13.0% | 4.4% | ||
| Q4 24 | 23.0% | 0.6% | ||
| Q3 24 | 11.2% | 3.0% | ||
| Q2 24 | 18.9% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | $10.39 | $0.04 | ||
| Q3 25 | $9.33 | $0.31 | ||
| Q2 25 | $10.73 | $0.13 | ||
| Q1 25 | $5.83 | $1.22 | ||
| Q4 24 | $10.57 | $0.10 | ||
| Q3 24 | $5.00 | $0.53 | ||
| Q2 24 | $8.02 | $0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.3B | $447.0M |
| Total DebtLower is stronger | $3.3B | $2.4B |
| Stockholders' EquityBook value | $355.9B | $4.3B |
| Total Assets | $184.4B | $17.1B |
| Debt / EquityLower = less leverage | 0.01× | 0.56× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $8.3B | — | ||
| Q4 25 | — | $447.0M | ||
| Q3 25 | — | $829.0M | ||
| Q2 25 | — | $932.0M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $315.0M | ||
| Q3 24 | — | $646.0M | ||
| Q2 24 | — | $876.0M |
| Q1 26 | $3.3B | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $3.0B |
| Q1 26 | $355.9B | — | ||
| Q4 25 | $6.5B | $4.3B | ||
| Q3 25 | $6.5B | $4.5B | ||
| Q2 25 | $6.1B | $4.5B | ||
| Q1 25 | $5.4B | $4.6B | ||
| Q4 24 | $5.2B | $4.1B | ||
| Q3 24 | $5.7B | $4.3B | ||
| Q2 24 | $5.0B | $4.2B |
| Q1 26 | $184.4B | — | ||
| Q4 25 | $190.9B | $17.1B | ||
| Q3 25 | $190.1B | $15.6B | ||
| Q2 25 | $184.9B | $16.1B | ||
| Q1 25 | $179.1B | $16.4B | ||
| Q4 24 | $181.4B | $17.3B | ||
| Q3 24 | $186.0B | $15.8B | ||
| Q2 24 | $179.7B | $16.4B |
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.72× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-8.0M |
| Free Cash FlowOCF − Capex | — | $-101.0M |
| FCF MarginFCF / Revenue | — | -2.1% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | — | -0.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $-8.0M | ||
| Q3 25 | $2.2B | $319.0M | ||
| Q2 25 | $1.8B | $-64.0M | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $383.0M | $-167.0M | ||
| Q3 24 | $3.0B | $8.0M | ||
| Q2 24 | $1.7B | $129.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $-101.0M | ||
| Q3 25 | $2.2B | $240.0M | ||
| Q2 25 | $1.7B | $-164.0M | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $325.0M | $-295.0M | ||
| Q3 24 | $3.0B | $-109.0M | ||
| Q2 24 | $1.7B | $-25.0M |
| Q1 26 | — | — | ||
| Q4 25 | 52.0% | -2.1% | ||
| Q3 25 | 44.1% | 5.0% | ||
| Q2 25 | 38.4% | -3.6% | ||
| Q1 25 | 36.8% | 15.3% | ||
| Q4 24 | 7.0% | -6.2% | ||
| Q3 24 | 65.8% | -2.2% | ||
| Q2 24 | 38.8% | -0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 2.0% | ||
| Q3 25 | 0.9% | 1.6% | ||
| Q2 25 | 0.8% | 2.2% | ||
| Q1 25 | 0.8% | 1.5% | ||
| Q4 24 | 1.2% | 2.7% | ||
| Q3 24 | 1.1% | 2.4% | ||
| Q2 24 | 0.4% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.65× | -0.73× | ||
| Q3 25 | 2.42× | 3.67× | ||
| Q2 25 | 1.66× | -1.68× | ||
| Q1 25 | 2.89× | 3.82× | ||
| Q4 24 | 0.36× | -5.96× | ||
| Q3 24 | 5.96× | 0.05× | ||
| Q2 24 | 2.07× | 2.08× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMP
| Management and financial advice fees | $2.9B | 60% |
| Other | $872.0M | 18% |
| Distribution fees | $563.0M | 12% |
| Premiums, policy and contract charges | $341.0M | 7% |
| Other revenues | $166.0M | 3% |
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
