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Dillard'S vs Macy's: revenue, profit, margins and growth compared

Dillard'S brought in $6.6B of revenue in fiscal 2025, Macy's $22.6B in fiscal 2025. Revenue changed by -0.4% at Dillard'S and -1.7% at Macy's on the year before, so Dillard'S grew faster. Dillard'S kept 8.7% of its revenue as net profit, Macy's 2.8%. Free cash flow was $623.6M at Dillard'S and $1.1B at Macy's.

Side by side, latest fiscal year

DDSM
Fiscal year endedFY2025 (January 31, 2026)FY2025 (January 31, 2026)
Revenue$6.6B$22.6B
Revenue growth-0.4%-1.7%
Net income$570.2M$642M
Net margin8.7%2.8%
Free cash flow$623.6M$1.1B
Free cash flow margin9.5%4.7%
Earnings per share (diluted)$36.42$2.32
Cash$861.5M$1.2B
Debtn/a$2.4B
Price to earnings18.29.8
Market value$10.4B$6B
Dividend yield4.68%3.22%
Rank by revenue in sector#163 of 778 · Consumer discretionary#52 of 778 · Consumer discretionary

Over the years

Revenue
DDS FY2018: $6.5BDDS FY2019: $6.3BDDS FY2020: $4.4BDDS FY2021: $6.6BDDS FY2022: $7BDDS FY2023: $6.9BDDS FY2024: $6.6BDDS FY2025: $6.6BM FY2018: $25BM FY2019: $24.6BM FY2020: $17.3BM FY2021: $25.4BM FY2022: $25.4BM FY2023: $23.9BM FY2024: $23BM FY2025: $22.6BFY18FY19FY20FY21FY22FY23FY24FY25
DDS $6.6BM $22.6B
Net income
DDS FY2018: $170.3MDDS FY2019: $111.1MDDS FY2020: -$71.7MDDS FY2021: $862.5MDDS FY2022: $891.6MDDS FY2023: $738.8MDDS FY2024: $593.5MDDS FY2025: $570.2MM FY2018: $1.1BM FY2019: $564MM FY2020: -$3.9BM FY2021: $1.4BM FY2022: $1.1BM FY2023: $45MM FY2024: $582MM FY2025: $642MFY18FY19FY20FY21FY22FY23FY24FY25
DDS $570.2MM $642M
Net margin
DDS FY2018: 2.6%DDS FY2019: 1.8%DDS FY2020: -1.6%DDS FY2021: 13.0%DDS FY2022: 12.7%DDS FY2023: 10.7%DDS FY2024: 9.0%DDS FY2025: 8.7%M FY2018: 4.4%M FY2019: 2.3%M FY2020: -22.7%M FY2021: 5.6%M FY2022: 4.5%M FY2023: 0.2%M FY2024: 2.5%M FY2025: 2.8%FY18FY19FY20FY21FY22FY23FY24FY25
DDS 8.7%M 2.8%
Revenue growth
DDS FY2019: -2.5%DDS FY2020: -30.1%DDS FY2021: +49.4%DDS FY2022: +5.6%DDS FY2023: -1.7%DDS FY2024: -4.1%DDS FY2025: -0.4%M FY2019: -1.6%M FY2020: -29.4%M FY2021: +46.4%M FY2022: +0.2%M FY2023: -6.2%M FY2024: -3.6%M FY2025: -1.7%FY19FY20FY21FY22FY23FY24FY25
DDS -0.4%M -1.7%
Free cash flow
DDS FY2018: $230.2MDDS FY2019: $261.7MDDS FY2020: $192.5MDDS FY2021: $1.2BDDS FY2022: $828.3MDDS FY2023: $750.6MDDS FY2024: $609.6MDDS FY2025: $623.6MM FY2018: $1.1BM FY2019: $706MM FY2020: $311MM FY2021: $2.4BM FY2022: $727MM FY2023: $674MM FY2024: $760MM FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
DDS $623.6MM $1.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Dillard'S and Macy's

Which is bigger by revenue, Dillard'S or Macy's?

Macy's is bigger by revenue: $22.6B in fiscal 2025, against $6.6B for Dillard'S in fiscal 2025.

Which keeps more of its revenue as profit, Dillard'S or Macy's?

Dillard'S had a net margin of 8.7% in fiscal 2025; Macy's had 2.8% in fiscal 2025.

Which grew revenue faster, Dillard'S or Macy's?

In their latest fiscal years revenue changed by -0.4% at Dillard'S and -1.7% at Macy's.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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