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Side-by-side financial comparison of Macy's, Inc. (M) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Macy's, Inc. is the larger business by last-quarter revenue ($4.7B vs $3.1B, roughly 1.5× Molson Coors Beverage Company). Molson Coors Beverage Company runs the higher net margin — 7.6% vs 0.2%, a 7.4% gap on every dollar of revenue. On growth, Macy's, Inc. posted the faster year-over-year revenue change (-0.6% vs -3.6%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $-101.0M). Over the past eight quarters, Molson Coors Beverage Company's revenue compounded faster (1.2% 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...
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
M vs TAP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $3.1B |
| Net Profit | $11.0M | $238.3M |
| Gross Margin | 39.4% | 31.0% |
| Operating Margin | 0.9% | 10.4% |
| Net Margin | 0.2% | 7.6% |
| Revenue YoY | -0.6% | -3.6% |
| Net Profit YoY | -60.7% | -17.2% |
| EPS (diluted) | $0.04 | $1.32 |
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 | $3.1B | ||
| Q3 25 | $4.8B | $3.5B | ||
| Q2 25 | $4.6B | $3.7B | ||
| Q1 25 | $7.8B | $2.7B | ||
| Q4 24 | $4.7B | $3.2B | ||
| Q3 24 | $4.9B | $3.6B | ||
| Q2 24 | $4.8B | $3.8B | ||
| Q1 24 | $8.1B | $3.0B |
| Q4 25 | $11.0M | $238.3M | ||
| Q3 25 | $87.0M | $-2.9B | ||
| Q2 25 | $38.0M | $428.7M | ||
| Q1 25 | $342.0M | $121.0M | ||
| Q4 24 | $28.0M | $287.8M | ||
| Q3 24 | $150.0M | $199.8M | ||
| Q2 24 | $62.0M | $427.0M | ||
| Q1 24 | $-71.0M | $207.8M |
| Q4 25 | 39.4% | 31.0% | ||
| Q3 25 | 39.7% | 33.7% | ||
| Q2 25 | 39.2% | 34.3% | ||
| Q1 25 | 35.7% | 31.6% | ||
| Q4 24 | 39.6% | 32.0% | ||
| Q3 24 | 40.5% | 33.4% | ||
| Q2 24 | 39.2% | 34.6% | ||
| Q1 24 | 37.5% | 31.6% |
| Q4 25 | 0.9% | 10.4% | ||
| Q3 25 | 3.1% | -98.5% | ||
| Q2 25 | 2.0% | 15.6% | ||
| Q1 25 | 6.4% | 6.9% | ||
| Q4 24 | 1.3% | 12.0% | ||
| Q3 24 | 4.5% | 12.5% | ||
| Q2 24 | 2.6% | 15.6% | ||
| Q1 24 | -0.9% | 10.3% |
| Q4 25 | 0.2% | 7.6% | ||
| Q3 25 | 1.8% | -84.0% | ||
| Q2 25 | 0.8% | 11.5% | ||
| Q1 25 | 4.4% | 4.5% | ||
| Q4 24 | 0.6% | 8.9% | ||
| Q3 24 | 3.0% | 5.5% | ||
| Q2 24 | 1.3% | 11.1% | ||
| Q1 24 | -0.9% | 6.8% |
| Q4 25 | $0.04 | $1.32 | ||
| Q3 25 | $0.31 | $-14.79 | ||
| Q2 25 | $0.13 | $2.13 | ||
| Q1 25 | $1.22 | $0.59 | ||
| Q4 24 | $0.10 | $1.39 | ||
| Q3 24 | $0.53 | $0.96 | ||
| Q2 24 | $0.22 | $2.03 | ||
| Q1 24 | $-0.25 | $0.97 |
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 | $896.5M |
| Total DebtLower is stronger | $2.4B | $6.3B |
| Stockholders' EquityBook value | $4.3B | $10.2B |
| Total Assets | $17.1B | $22.7B |
| Debt / EquityLower = less leverage | 0.56× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.0M | $896.5M | ||
| Q3 25 | $829.0M | $950.2M | ||
| Q2 25 | $932.0M | $613.8M | ||
| Q1 25 | $1.3B | $412.7M | ||
| Q4 24 | $315.0M | $969.3M | ||
| Q3 24 | $646.0M | $1.0B | ||
| Q2 24 | $876.0M | $1.6B | ||
| Q1 24 | $1.0B | $458.4M |
| Q4 25 | $2.4B | $6.3B | ||
| Q3 25 | $2.4B | $6.3B | ||
| Q2 25 | $2.8B | $6.3B | ||
| Q1 25 | $2.8B | $6.2B | ||
| Q4 24 | $2.8B | $6.1B | ||
| Q3 24 | $3.0B | $6.2B | ||
| Q2 24 | $3.0B | $7.0B | ||
| Q1 24 | $3.0B | $6.2B |
| Q4 25 | $4.3B | $10.2B | ||
| Q3 25 | $4.5B | $10.3B | ||
| Q2 25 | $4.5B | $13.4B | ||
| Q1 25 | $4.6B | $13.1B | ||
| Q4 24 | $4.1B | $13.1B | ||
| Q3 24 | $4.3B | $13.3B | ||
| Q2 24 | $4.2B | $13.2B | ||
| Q1 24 | $4.1B | $13.1B |
| Q4 25 | $17.1B | $22.7B | ||
| Q3 25 | $15.6B | $22.9B | ||
| Q2 25 | $16.1B | $26.8B | ||
| Q1 25 | $16.4B | $25.9B | ||
| Q4 24 | $17.3B | $26.1B | ||
| Q3 24 | $15.8B | $26.6B | ||
| Q2 24 | $16.4B | $27.4B | ||
| Q1 24 | $16.2B | $26.1B |
| Q4 25 | 0.56× | 0.61× | ||
| Q3 25 | 0.55× | 0.61× | ||
| Q2 25 | 0.62× | 0.47× | ||
| Q1 25 | 0.61× | 0.47× | ||
| Q4 24 | 0.67× | 0.47× | ||
| Q3 24 | 0.70× | 0.47× | ||
| Q2 24 | 0.72× | 0.53× | ||
| Q1 24 | 0.72× | 0.47× |
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 | $540.7M |
| Free Cash FlowOCF − Capex | $-101.0M | $357.8M |
| FCF MarginFCF / Revenue | -2.1% | 11.4% |
| Capex IntensityCapex / Revenue | 2.0% | 5.9% |
| Cash ConversionOCF / Net Profit | -0.73× | 2.27× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.0M | $540.7M | ||
| Q3 25 | $319.0M | $616.1M | ||
| Q2 25 | $-64.0M | $718.3M | ||
| Q1 25 | $1.3B | $-90.7M | ||
| Q4 24 | $-167.0M | $494.5M | ||
| Q3 24 | $8.0M | $521.2M | ||
| Q2 24 | $129.0M | $869.2M | ||
| Q1 24 | $1.1B | $25.4M |
| Q4 25 | $-101.0M | $357.8M | ||
| Q3 25 | $240.0M | $483.0M | ||
| Q2 25 | $-164.0M | $555.0M | ||
| Q1 25 | $1.2B | $-328.0M | ||
| Q4 24 | $-295.0M | $383.4M | ||
| Q3 24 | $-109.0M | $350.4M | ||
| Q2 24 | $-25.0M | $691.7M | ||
| Q1 24 | $1.0B | $-189.3M |
| Q4 25 | -2.1% | 11.4% | ||
| Q3 25 | 5.0% | 13.9% | ||
| Q2 25 | -3.6% | 14.8% | ||
| Q1 25 | 15.3% | -12.2% | ||
| Q4 24 | -6.2% | 11.8% | ||
| Q3 24 | -2.2% | 9.7% | ||
| Q2 24 | -0.5% | 18.0% | ||
| Q1 24 | 12.3% | -6.2% |
| Q4 25 | 2.0% | 5.9% | ||
| Q3 25 | 1.6% | 3.8% | ||
| Q2 25 | 2.2% | 4.4% | ||
| Q1 25 | 1.5% | 8.8% | ||
| Q4 24 | 2.7% | 3.4% | ||
| Q3 24 | 2.4% | 4.7% | ||
| Q2 24 | 3.2% | 4.6% | ||
| Q1 24 | 1.8% | 7.0% |
| Q4 25 | -0.73× | 2.27× | ||
| Q3 25 | 3.67× | — | ||
| Q2 25 | -1.68× | 1.68× | ||
| Q1 25 | 3.82× | -0.75× | ||
| Q4 24 | -5.96× | 1.72× | ||
| Q3 24 | 0.05× | 2.61× | ||
| Q2 24 | 2.08× | 2.04× | ||
| Q1 24 | — | 0.12× |
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% |
TAP
Segment breakdown not available.
