How do Macy's, Inc. and Block, Inc. compare by revenue?

Macy's, Inc. reported revenue of $4.7B in Q3 FY2026, while Block, Inc. reported $6.3B in Q4 FY2025. Block, Inc. is 1.3× larger by last-quarter revenue.

Which is growing revenue faster, Macy's, Inc. or Block, Inc.?

Macy's, Inc.'s latest revenue grew -0.6% year-over-year, versus 3.6% for Block, Inc.. Block, Inc. is growing faster on a YoY basis.

Which has a higher gross margin, Macy's, Inc. or Block, Inc.?

Macy's, Inc.'s gross margin is 39.4% vs Block, Inc.'s 45.9%. Block, Inc. converts more of each revenue dollar into gross profit.

Which has a higher net margin, Macy's, Inc. or Block, Inc.?

Macy's, Inc.'s net margin is 0.2% vs Block, Inc.'s 1.9%. Block, Inc. has the higher bottom-line margin.

Which generates more free cash flow, Macy's, Inc. or Block, Inc.?

Macy's, Inc. generated $-101.0M of free cash flow last quarter, versus $579.8M for Block, Inc.. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for Macy's, Inc. vs Block, Inc.?

Over the trailing 8 quarters, Macy's, Inc. compounded revenue at roughly -23.8% per year, versus 2.4% for Block, Inc.. Block, Inc. has the faster medium-term growth trajectory.

Where does this M vs XYZ data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Macy's, Inc. (M) and Block, Inc. (XYZ). Click either name above to swap in a different company.

Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $4.7B, roughly 1.3× Macy's, Inc.). Block, Inc. runs the higher net margin — 1.9% vs 0.2%, a 1.6% gap on every dollar of revenue. On growth, Block, Inc. posted the faster year-over-year revenue change (3.6% vs -0.6%). Block, Inc. produced more free cash flow last quarter ($579.8M vs $-101.0M). Over the past eight quarters, Block, Inc.'s revenue compounded faster (2.4% CAGR vs -23.8%).

Macy's, Inc.MEarnings & Financial Report

NYSE · Consumer Discretionary · Retail-Department Stores

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...

Block, Inc.XYZEarnings & Financial Report

NYSE · Financials · Transaction & Payment Processing Services

Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.

M vs XYZ — Head-to-Head

Bigger by revenue

XYZ

1.3× larger

$6.3B

$4.7B

Growing faster (revenue YoY)

XYZ

+4.3% gap

3.6%

-0.6%

Higher net margin

XYZ

1.6% more per $

1.9%

0.2%

More free cash flow

XYZ

$680.8M more FCF

$579.8M

$-101.0M

Faster 2-yr revenue CAGR

XYZ

Annualised

2.4%

-23.8%

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric	M	XYZ
Revenue	$4.7B	$6.3B
Net Profit	$11.0M	$115.8M
Gross Margin	39.4%	45.9%
Operating Margin	0.9%	7.8%
Net Margin	0.2%	1.9%
Revenue YoY	-0.6%	3.6%
Net Profit YoY	-60.7%	-94.1%
EPS (diluted)	$0.04	$0.19

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.

Revenue

XYZ

Q4 25	$4.7B	$6.3B
Q3 25	$4.8B	$6.1B
Q2 25	$4.6B	$6.1B
Q1 25	$7.8B	$5.8B
Q4 24	$4.7B	$6.0B
Q3 24	$4.9B	$6.0B
Q2 24	$4.8B	$6.2B
Q1 24	$8.1B	$6.0B

Net Profit

XYZ

Q4 25	$11.0M	$115.8M
Q3 25	$87.0M	$461.5M
Q2 25	$38.0M	$538.5M
Q1 25	$342.0M	$189.9M
Q4 24	$28.0M	$1.9B
Q3 24	$150.0M	$283.8M
Q2 24	$62.0M	$195.3M
Q1 24	$-71.0M	$472.0M

Gross Margin

XYZ

Q4 25	39.4%	45.9%
Q3 25	39.7%	43.5%
Q2 25	39.2%	41.9%
Q1 25	35.7%	39.7%
Q4 24	39.6%	38.3%
Q3 24	40.5%	37.6%
Q2 24	39.2%	36.3%
Q1 24	37.5%	35.2%

Operating Margin

XYZ

Q4 25	0.9%	7.8%
Q3 25	3.1%	6.7%
Q2 25	2.0%	8.0%
Q1 25	6.4%	5.7%
Q4 24	1.3%	0.2%
Q3 24	4.5%	5.4%
Q2 24	2.6%	5.0%
Q1 24	-0.9%	4.2%

Net Margin

XYZ

Q4 25	0.2%	1.9%
Q3 25	1.8%	7.5%
Q2 25	0.8%	8.9%
Q1 25	4.4%	3.3%
Q4 24	0.6%	32.3%
Q3 24	3.0%	4.7%
Q2 24	1.3%	3.2%
Q1 24	-0.9%	7.9%

EPS (diluted)

XYZ

Q4 25	$0.04	$0.19
Q3 25	$0.31	$0.74
Q2 25	$0.13	$0.87
Q1 25	$1.22	$0.30
Q4 24	$0.10	$3.06
Q3 24	$0.53	$0.45
Q2 24	$0.22	$0.31
Q1 24	$-0.25	$0.74

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric	M	XYZ
Cash + ST InvestmentsLiquidity on hand	$447.0M	$6.6B
Total DebtLower is stronger	$2.4B	—
Stockholders' EquityBook value	$4.3B	$22.2B
Total Assets	$17.1B	$39.5B
Debt / EquityLower = less leverage	0.56×	—

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

XYZ

Q4 25	$447.0M	$6.6B
Q3 25	$829.0M	$8.3B
Q2 25	$932.0M	$6.4B
Q1 25	$1.3B	$7.1B
Q4 24	$315.0M	$8.1B
Q3 24	$646.0M	$8.3B
Q2 24	$876.0M	$7.8B
Q1 24	$1.0B	$5.8B

Total Debt

XYZ

Q4 25	$2.4B	—
Q3 25	$2.4B	$7.3B
Q2 25	$2.8B	$5.1B
Q1 25	$2.8B	$5.1B
Q4 24	$2.8B	$6.1B
Q3 24	$3.0B	$6.1B
Q2 24	$3.0B	$6.1B
Q1 24	$3.0B	$4.1B

Stockholders' Equity

XYZ

Q4 25	$4.3B	$22.2B
Q3 25	$4.5B	$22.5B
Q2 25	$4.5B	$22.2B
Q1 25	$4.6B	$21.5B
Q4 24	$4.1B	$21.3B
Q3 24	$4.3B	$19.9B
Q2 24	$4.2B	$19.3B
Q1 24	$4.1B	$19.0B

Total Assets

XYZ

Q4 25	$17.1B	$39.5B
Q3 25	$15.6B	$39.2B
Q2 25	$16.1B	$36.9B
Q1 25	$16.4B	$36.4B
Q4 24	$17.3B	$36.8B
Q3 24	$15.8B	$36.4B
Q2 24	$16.4B	$37.5B
Q1 24	$16.2B	$35.6B

Debt / Equity

XYZ

Q4 25	0.56×	—
Q3 25	0.55×	0.32×
Q2 25	0.62×	0.23×
Q1 25	0.61×	0.24×
Q4 24	0.67×	0.29×
Q3 24	0.70×	0.31×
Q2 24	0.72×	0.32×
Q1 24	0.72×	0.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric	M	XYZ
Operating Cash FlowLast quarter	$-8.0M	$621.0M
Free Cash FlowOCF − Capex	$-101.0M	$579.8M
FCF MarginFCF / Revenue	-2.1%	9.3%
Capex IntensityCapex / Revenue	2.0%	0.7%
Cash ConversionOCF / Net Profit	-0.73×	5.36×
TTM Free Cash FlowTrailing 4 quarters	$1.2B	$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow

XYZ

Q4 25	$-8.0M	$621.0M
Q3 25	$319.0M	$1.5B
Q2 25	$-64.0M	$374.3M
Q1 25	$1.3B	$133.3M
Q4 24	$-167.0M	$13.8M
Q3 24	$8.0M	$684.8M
Q2 24	$129.0M	$519.4M
Q1 24	$1.1B	$489.4M

Free Cash Flow

XYZ

Q4 25	$-101.0M	$579.8M
Q3 25	$240.0M	$1.4B
Q2 25	$-164.0M	$343.0M
Q1 25	$1.2B	$101.5M
Q4 24	$-295.0M	$-13.2M
Q3 24	$-109.0M	$628.2M
Q2 24	$-25.0M	$481.0M
Q1 24	$1.0B	$457.4M

FCF Margin

XYZ

Q4 25	-2.1%	9.3%
Q3 25	5.0%	22.9%
Q2 25	-3.6%	5.7%
Q1 25	15.3%	1.8%
Q4 24	-6.2%	-0.2%
Q3 24	-2.2%	10.5%
Q2 24	-0.5%	7.8%
Q1 24	12.3%	7.7%

Capex Intensity

XYZ

Q4 25	2.0%	0.7%
Q3 25	1.6%	0.8%
Q2 25	2.2%	0.5%
Q1 25	1.5%	0.6%
Q4 24	2.7%	0.4%
Q3 24	2.4%	0.9%
Q2 24	3.2%	0.6%
Q1 24	1.8%	0.5%

Cash Conversion

XYZ

Q4 25	-0.73×	5.36×
Q3 25	3.67×	3.14×
Q2 25	-1.68×	0.70×
Q1 25	3.82×	0.70×
Q4 24	-5.96×	0.01×
Q3 24	0.05×	2.41×
Q2 24	2.08×	2.66×
Q1 24	—	1.04×

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%