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Side-by-side financial comparison of Macy's, Inc. (M) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.1B vs $4.7B, roughly 1.5× Macy's, Inc.). PBF Energy Inc. runs the higher net margin — 1.1% vs 0.2%, a 0.9% gap on every dollar of revenue. On growth, Macy's, Inc. posted the faster year-over-year revenue change (-0.6% vs -2.9%). PBF Energy Inc. produced more free cash flow last quarter ($77.0M vs $-101.0M). Over the past eight quarters, PBF Energy Inc.'s revenue compounded faster (-9.1% CAGR vs -23.8%).
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...
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
M vs PBF — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $7.1B |
| Net Profit | $11.0M | $78.4M |
| Gross Margin | 39.4% | -1.8% |
| Operating Margin | 0.9% | 1.8% |
| Net Margin | 0.2% | 1.1% |
| Revenue YoY | -0.6% | -2.9% |
| Net Profit YoY | -60.7% | 127.1% |
| EPS (diluted) | $0.04 | $0.74 |
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.
| Q4 25 | $4.7B | $7.1B | ||
| Q3 25 | $4.8B | $7.7B | ||
| Q2 25 | $4.6B | $7.5B | ||
| Q1 25 | $7.8B | $7.1B | ||
| Q4 24 | $4.7B | $7.4B | ||
| Q3 24 | $4.9B | $8.4B | ||
| Q2 24 | $4.8B | $8.7B | ||
| Q1 24 | $8.1B | $8.6B |
| Q4 25 | $11.0M | $78.4M | ||
| Q3 25 | $87.0M | $170.1M | ||
| Q2 25 | $38.0M | $-5.2M | ||
| Q1 25 | $342.0M | $-401.8M | ||
| Q4 24 | $28.0M | $-289.3M | ||
| Q3 24 | $150.0M | $-285.9M | ||
| Q2 24 | $62.0M | $-65.2M | ||
| Q1 24 | $-71.0M | $106.6M |
| Q4 25 | 39.4% | -1.8% | ||
| Q3 25 | 39.7% | 0.5% | ||
| Q2 25 | 39.2% | -0.8% | ||
| Q1 25 | 35.7% | -5.9% | ||
| Q4 24 | 39.6% | -4.2% | ||
| Q3 24 | 40.5% | -3.4% | ||
| Q2 24 | 39.2% | 0.1% | ||
| Q1 24 | 37.5% | 2.5% |
| Q4 25 | 0.9% | 1.8% | ||
| Q3 25 | 3.1% | 3.7% | ||
| Q2 25 | 2.0% | 0.6% | ||
| Q1 25 | 6.4% | -7.2% | ||
| Q4 24 | 1.3% | -5.2% | ||
| Q3 24 | 4.5% | -4.6% | ||
| Q2 24 | 2.6% | -0.9% | ||
| Q1 24 | -0.9% | 1.7% |
| Q4 25 | 0.2% | 1.1% | ||
| Q3 25 | 1.8% | 2.2% | ||
| Q2 25 | 0.8% | -0.1% | ||
| Q1 25 | 4.4% | -5.7% | ||
| Q4 24 | 0.6% | -3.9% | ||
| Q3 24 | 3.0% | -3.4% | ||
| Q2 24 | 1.3% | -0.7% | ||
| Q1 24 | -0.9% | 1.2% |
| Q4 25 | $0.04 | $0.74 | ||
| Q3 25 | $0.31 | $1.45 | ||
| Q2 25 | $0.13 | $-0.05 | ||
| Q1 25 | $1.22 | $-3.53 | ||
| Q4 24 | $0.10 | $-2.41 | ||
| Q3 24 | $0.53 | $-2.49 | ||
| Q2 24 | $0.22 | $-0.56 | ||
| Q1 24 | $-0.25 | $0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $447.0M | $527.9M |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $4.3B | $5.3B |
| Total Assets | $17.1B | $13.0B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.0M | $527.9M | ||
| Q3 25 | $829.0M | $482.0M | ||
| Q2 25 | $932.0M | $590.7M | ||
| Q1 25 | $1.3B | $468.6M | ||
| Q4 24 | $315.0M | $536.1M | ||
| Q3 24 | $646.0M | $976.7M | ||
| Q2 24 | $876.0M | $1.4B | ||
| Q1 24 | $1.0B | $1.4B |
| 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 24 | $3.0B | — |
| Q4 25 | $4.3B | $5.3B | ||
| Q3 25 | $4.5B | $5.2B | ||
| Q2 25 | $4.5B | $5.1B | ||
| Q1 25 | $4.6B | $5.1B | ||
| Q4 24 | $4.1B | $5.5B | ||
| Q3 24 | $4.3B | $5.9B | ||
| Q2 24 | $4.2B | $6.3B | ||
| Q1 24 | $4.1B | $6.5B |
| Q4 25 | $17.1B | $13.0B | ||
| Q3 25 | $15.6B | $13.0B | ||
| Q2 25 | $16.1B | $13.0B | ||
| Q1 25 | $16.4B | $13.0B | ||
| Q4 24 | $17.3B | $12.7B | ||
| Q3 24 | $15.8B | $13.1B | ||
| Q2 24 | $16.4B | $14.1B | ||
| Q1 24 | $16.2B | $13.8B |
| 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× | — | ||
| Q1 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 | $366.6M |
| Free Cash FlowOCF − Capex | $-101.0M | $77.0M |
| FCF MarginFCF / Revenue | -2.1% | 1.1% |
| Capex IntensityCapex / Revenue | 2.0% | 4.1% |
| Cash ConversionOCF / Net Profit | -0.73× | 4.68× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $-783.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.0M | $366.6M | ||
| Q3 25 | $319.0M | $25.7M | ||
| Q2 25 | $-64.0M | $191.1M | ||
| Q1 25 | $1.3B | $-661.4M | ||
| Q4 24 | $-167.0M | $-329.7M | ||
| Q3 24 | $8.0M | $-68.0M | ||
| Q2 24 | $129.0M | $425.3M | ||
| Q1 24 | $1.1B | $15.8M |
| Q4 25 | $-101.0M | $77.0M | ||
| Q3 25 | $240.0M | $-122.8M | ||
| Q2 25 | $-164.0M | $35.0M | ||
| Q1 25 | $1.2B | $-772.4M | ||
| Q4 24 | $-295.0M | $-425.7M | ||
| Q3 24 | $-109.0M | $-169.8M | ||
| Q2 24 | $-25.0M | $371.8M | ||
| Q1 24 | $1.0B | $-123.8M |
| Q4 25 | -2.1% | 1.1% | ||
| Q3 25 | 5.0% | -1.6% | ||
| Q2 25 | -3.6% | 0.5% | ||
| Q1 25 | 15.3% | -10.9% | ||
| Q4 24 | -6.2% | -5.8% | ||
| Q3 24 | -2.2% | -2.0% | ||
| Q2 24 | -0.5% | 4.3% | ||
| Q1 24 | 12.3% | -1.4% |
| Q4 25 | 2.0% | 4.1% | ||
| Q3 25 | 1.6% | 1.9% | ||
| Q2 25 | 2.2% | 2.1% | ||
| Q1 25 | 1.5% | 1.6% | ||
| Q4 24 | 2.7% | 1.3% | ||
| Q3 24 | 2.4% | 1.2% | ||
| Q2 24 | 3.2% | 0.6% | ||
| Q1 24 | 1.8% | 1.6% |
| Q4 25 | -0.73× | 4.68× | ||
| Q3 25 | 3.67× | 0.15× | ||
| Q2 25 | -1.68× | — | ||
| Q1 25 | 3.82× | — | ||
| Q4 24 | -5.96× | — | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | 2.08× | — | ||
| Q1 24 | — | 0.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
