Kohls vs Macy's
Macy's is the larger business, with $22.62bn of revenue in fiscal 2026 against $15.53bn for Kohls (1.5 times as much). Macy's grew faster (-1.7% against -4.3%). Macy's kept more of each dollar of sales as profit: a net margin of 2.8% against 1.8%.
| Latest fiscal year | KohlsKSS, 2026 | Macy'sM, 2026 |
|---|---|---|
| Revenue | $15.53bn | $22.62bn |
| Revenue growth | -4.3% | -1.7% |
| Net income | $272m | $642m |
| Operating margin | — | — |
| Net margin | 1.8% | 2.8% |
| Return on equity | 6.9% | 13.6% |
| Free cash flow | $1.01bn | $1.06bn |
| Cash | $674m | $1.25bn |
| Total debt | $1.44bn | $2.43bn |
| Debt to equity | — | — |
| Dividend per share | $0.50 | $0.73 |
| Dividend yield | 2.0% | 3.1% |
| Share buybacks | — | $250m |
| Employees | 84,000 | 94,570 |
| Market value | $2.85bn | $6.40bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 43 (Weak) | 45 (Moderate) |
| Insider trades, 12 months | 0 buys, 15 sales | 0 buys, 24 sales |