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Side-by-side financial comparison of Macy's, Inc. (M) and Public Service Enterprise Group (PEG). Click either name above to swap in a different company.
Macy's, Inc. is the larger business by last-quarter revenue ($4.7B vs $2.9B, roughly 1.6× Public Service Enterprise Group). Public Service Enterprise Group runs the higher net margin — 10.8% vs 0.2%, a 10.6% gap on every dollar of revenue. On growth, Public Service Enterprise Group posted the faster year-over-year revenue change (18.3% vs -0.6%). Macy's, Inc. produced more free cash flow last quarter ($-101.0M vs $-408.0M). Over the past eight quarters, Public Service Enterprise Group's revenue compounded faster (2.8% 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...
The Public Service Enterprise Group, Inc. (PSEG) is a publicly traded energy company based in Newark, New Jersey, where it has been based since its founding. It was founded in 1985, with its roots tracing back to 1903.
M vs PEG — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $2.9B |
| Net Profit | $11.0M | $315.0M |
| Gross Margin | 39.4% | — |
| Operating Margin | 0.9% | 17.5% |
| Net Margin | 0.2% | 10.8% |
| Revenue YoY | -0.6% | 18.3% |
| Net Profit YoY | -60.7% | 10.1% |
| EPS (diluted) | $0.04 | $0.63 |
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 | $2.9B | ||
| Q3 25 | $4.8B | $3.2B | ||
| Q2 25 | $4.6B | $2.8B | ||
| Q1 25 | $7.8B | $3.2B | ||
| Q4 24 | $4.7B | $2.5B | ||
| Q3 24 | $4.9B | $2.6B | ||
| Q2 24 | $4.8B | $2.4B | ||
| Q1 24 | $8.1B | $2.8B |
| Q4 25 | $11.0M | $315.0M | ||
| Q3 25 | $87.0M | $622.0M | ||
| Q2 25 | $38.0M | $585.0M | ||
| Q1 25 | $342.0M | $589.0M | ||
| Q4 24 | $28.0M | $286.0M | ||
| Q3 24 | $150.0M | $520.0M | ||
| Q2 24 | $62.0M | $434.0M | ||
| Q1 24 | $-71.0M | $532.0M |
| 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 24 | 37.5% | — |
| Q4 25 | 0.9% | 17.5% | ||
| Q3 25 | 3.1% | 26.5% | ||
| Q2 25 | 2.0% | 29.1% | ||
| Q1 25 | 6.4% | 24.7% | ||
| Q4 24 | 1.3% | 18.1% | ||
| Q3 24 | 4.5% | 24.3% | ||
| Q2 24 | 2.6% | 24.0% | ||
| Q1 24 | -0.9% | 24.8% |
| Q4 25 | 0.2% | 10.8% | ||
| Q3 25 | 1.8% | 19.3% | ||
| Q2 25 | 0.8% | 20.9% | ||
| Q1 25 | 4.4% | 18.3% | ||
| Q4 24 | 0.6% | 11.6% | ||
| Q3 24 | 3.0% | 19.7% | ||
| Q2 24 | 1.3% | 17.9% | ||
| Q1 24 | -0.9% | 19.3% |
| Q4 25 | $0.04 | $0.63 | ||
| Q3 25 | $0.31 | $1.24 | ||
| Q2 25 | $0.13 | $1.17 | ||
| Q1 25 | $1.22 | $1.18 | ||
| Q4 24 | $0.10 | $0.57 | ||
| Q3 24 | $0.53 | $1.04 | ||
| Q2 24 | $0.22 | $0.87 | ||
| Q1 24 | $-0.25 | $1.06 |
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 | $132.0M |
| Total DebtLower is stronger | $2.4B | $22.5B |
| Stockholders' EquityBook value | $4.3B | $17.0B |
| Total Assets | $17.1B | $57.6B |
| Debt / EquityLower = less leverage | 0.56× | 1.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.0M | $132.0M | ||
| Q3 25 | $829.0M | $334.0M | ||
| Q2 25 | $932.0M | $186.0M | ||
| Q1 25 | $1.3B | $894.0M | ||
| Q4 24 | $315.0M | $125.0M | ||
| Q3 24 | $646.0M | $203.0M | ||
| Q2 24 | $876.0M | $113.0M | ||
| Q1 24 | $1.0B | $1.2B |
| Q4 25 | $2.4B | $22.5B | ||
| Q3 25 | $2.4B | $22.5B | ||
| Q2 25 | $2.8B | $22.6B | ||
| Q1 25 | $2.8B | $23.0B | ||
| Q4 24 | $2.8B | $21.1B | ||
| Q3 24 | $3.0B | $21.4B | ||
| Q2 24 | $3.0B | $20.5B | ||
| Q1 24 | $3.0B | $21.3B |
| Q4 25 | $4.3B | $17.0B | ||
| Q3 25 | $4.5B | $17.0B | ||
| Q2 25 | $4.5B | $16.7B | ||
| Q1 25 | $4.6B | $16.4B | ||
| Q4 24 | $4.1B | $16.1B | ||
| Q3 24 | $4.3B | $16.1B | ||
| Q2 24 | $4.2B | $15.8B | ||
| Q1 24 | $4.1B | $15.7B |
| Q4 25 | $17.1B | $57.6B | ||
| Q3 25 | $15.6B | $56.9B | ||
| Q2 25 | $16.1B | $56.0B | ||
| Q1 25 | $16.4B | $55.6B | ||
| Q4 24 | $17.3B | $54.6B | ||
| Q3 24 | $15.8B | $54.1B | ||
| Q2 24 | $16.4B | $52.4B | ||
| Q1 24 | $16.2B | $52.4B |
| Q4 25 | 0.56× | 1.33× | ||
| Q3 25 | 0.55× | 1.33× | ||
| Q2 25 | 0.62× | 1.36× | ||
| Q1 25 | 0.61× | 1.40× | ||
| Q4 24 | 0.67× | 1.31× | ||
| Q3 24 | 0.70× | 1.33× | ||
| Q2 24 | 0.72× | 1.30× | ||
| Q1 24 | 0.72× | 1.35× |
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 | $721.0M |
| Free Cash FlowOCF − Capex | $-101.0M | $-408.0M |
| FCF MarginFCF / Revenue | -2.1% | -14.0% |
| Capex IntensityCapex / Revenue | 2.0% | 38.7% |
| Cash ConversionOCF / Net Profit | -0.73× | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $26.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.0M | $721.0M | ||
| Q3 25 | $319.0M | $1.1B | ||
| Q2 25 | $-64.0M | $478.0M | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $-167.0M | $367.0M | ||
| Q3 24 | $8.0M | $623.0M | ||
| Q2 24 | $129.0M | $482.0M | ||
| Q1 24 | $1.1B | $661.0M |
| Q4 25 | $-101.0M | $-408.0M | ||
| Q3 25 | $240.0M | $322.0M | ||
| Q2 25 | $-164.0M | $-309.0M | ||
| Q1 25 | $1.2B | $421.0M | ||
| Q4 24 | $-295.0M | $-611.0M | ||
| Q3 24 | $-109.0M | $-145.0M | ||
| Q2 24 | $-25.0M | $-355.0M | ||
| Q1 24 | $1.0B | $-136.0M |
| Q4 25 | -2.1% | -14.0% | ||
| Q3 25 | 5.0% | 10.0% | ||
| Q2 25 | -3.6% | -11.0% | ||
| Q1 25 | 15.3% | 13.1% | ||
| Q4 24 | -6.2% | -24.8% | ||
| Q3 24 | -2.2% | -5.5% | ||
| Q2 24 | -0.5% | -14.7% | ||
| Q1 24 | 12.3% | -4.9% |
| Q4 25 | 2.0% | 38.7% | ||
| Q3 25 | 1.6% | 22.6% | ||
| Q2 25 | 2.2% | 28.1% | ||
| Q1 25 | 1.5% | 19.5% | ||
| Q4 24 | 2.7% | 39.7% | ||
| Q3 24 | 2.4% | 29.1% | ||
| Q2 24 | 3.2% | 34.5% | ||
| Q1 24 | 1.8% | 28.9% |
| Q4 25 | -0.73× | 2.29× | ||
| Q3 25 | 3.67× | 1.69× | ||
| Q2 25 | -1.68× | 0.82× | ||
| Q1 25 | 3.82× | 1.78× | ||
| Q4 24 | -5.96× | 1.28× | ||
| Q3 24 | 0.05× | 1.20× | ||
| Q2 24 | 2.08× | 1.11× | ||
| Q1 24 | — | 1.24× |
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% |
PEG
| PSEG Power Other | $1.1B | 37% |
| Electric Distribution Contracts | $929.0M | 32% |
| Gas Distribution Contracts | $840.0M | 29% |
| Other | $71.0M | 2% |
