Best Buy Co., Inc. (BBY) 10-Year Financial Performance & Capital Metrics

BBY • • Industrial / General

Consumer CyclicalSpecialty RetailElectronics & TechnologyConsumer Electronics Retailers

AboutBest Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, it had 1,144 stores. The company was formerly known as Sound of Music, Inc. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.Show more

Revenue $41.53B -4.4%
EBITDA $2.59B +3.6%
Net Income $927M -25.3%
EPS (Diluted) 4.28 -24.6%
Gross Margin 22.6% +2.3%
EBITDA Margin 6.23% +8.4%
Operating Margin 4.14% +14.4%
Net Margin 2.23% -21.8%
ROE 31.63% -25.5%
ROIC 23.75% +5.5%
Debt/Equity 1.44 +10.7%
Interest Coverage 33.75 +11.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 41.0%
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 5.5%
✓Efficient asset utilization: 2.8x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.29%

5Y-0.99%

3Y-7.08%

TTM-0.95%

Profit (Net Income) CAGR

10Y-2.81%

5Y-9.67%

3Y-27.71%

TTM-49.21%

EPS CAGR

10Y2.06%

5Y-5.73%

3Y-24.23%

TTM-48.21%

ROCE

10Y Avg28.76%

5Y Avg28.52%

3Y Avg24.62%

Latest24.9%

Peer Comparison

Consumer Electronics Retailers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GMEGameStop Corp.	9.57B	21.36	64.73	-27.5%	11.08%	7.95%	1.35%	0.08
CGTLCreative Global Technology Holdings Limited Ordinary Shares	65.63M	3.81	18.14	-29.17%	5.96%	156.31%		0.01
BBYBest Buy Co., Inc.	14.28B	68.14	15.92	-4.43%	1.54%	24.31%	9.75%	1.44
NEGGNewegg Commerce, Inc.	1.14B	54.56	-24.25	-17.46%	-1.72%	-19.77%		0.69

Profit & Loss

	Jan 2016	Jan 2017	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Sales/Revenue+	39.53B	39.4B	42.15B	42.88B	43.64B	47.26B	51.76B	46.3B	43.45B	41.53B
Revenue Growth %	-0.02%	-0%	0.07%	0.02%	0.02%	0.08%	0.1%	-0.11%	-0.06%	-0.04%
Cost of Goods Sold+	30.34B	29.96B	32.27B	32.92B	33.59B	36.69B	40.12B	36.39B	33.85B	32.14B
COGS % of Revenue	0.77%	0.76%	0.77%	0.77%	0.77%	0.78%	0.78%	0.79%	0.78%	0.77%
Gross Profit+	9.19B	9.44B	9.88B	9.96B	10.05B	10.57B	11.64B	9.91B	9.6B	9.38B
Gross Margin %	0.23%	0.24%	0.23%	0.23%	0.23%	0.22%	0.22%	0.21%	0.22%	0.23%
Gross Profit Growth %	0.02%	0.03%	0.05%	0.01%	0.01%	0.05%	0.1%	-0.15%	-0.03%	-0.02%
Operating Expenses+	7.82B	7.59B	8.03B	8.06B	8.04B	8.18B	8.6B	8.12B	8.03B	7.64B
OpEx % of Revenue	0.2%	0.19%	0.19%	0.19%	0.18%	0.17%	0.17%	0.18%	0.18%	0.18%
Selling, General & Admin	7.62B	7.55B	8.02B	8.02B	8B	7.93B	8.54B	7.88B	7.82B	7.65B
SG&A % of Revenue	0.19%	0.19%	0.19%	0.19%	0.18%	0.17%	0.17%	0.17%	0.18%	0.18%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	198M	39M	10M	46M	41M	254M	59M	233M	214M	0
Operating Income+	1.38B	1.85B	1.84B	1.9B	2.01B	2.39B	3B	1.79B	1.57B	1.72B
Operating Margin %	0.03%	0.05%	0.04%	0.04%	0.05%	0.05%	0.06%	0.04%	0.04%	0.04%
Operating Income Growth %	-0.05%	0.35%	-0.01%	0.03%	0.06%	0.19%	0.25%	-0.4%	-0.12%	0.09%
EBITDA+	2.03B	2.51B	2.53B	2.67B	2.82B	3.23B	3.87B	2.71B	2.5B	2.59B
EBITDA Margin %	0.05%	0.06%	0.06%	0.06%	0.06%	0.07%	0.07%	0.06%	0.06%	0.06%
EBITDA Growth %	-0.04%	0.23%	0.01%	0.06%	0.06%	0.14%	0.2%	-0.3%	-0.08%	0.04%
D&A (Non-Cash Add-back)	657M	654M	683M	770M	812M	839M	869M	918M	923M	866M
EBIT	1.39B	1.89B	1.89B	1.96B	2.06B	2.43B	3.05B	1.82B	1.67B	1.35B
Net Interest Income+	-80M	-72M	-75M	-73M	-64M	-52M	-25M	-35M	-52M	-51M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	80M	72M	75M	73M	64M	52M	25M	35M	52M	51M
Other Income/Expense	-65M	-38M	-26M	-12M	-16M	-14M	31M	-7M	47M	-422M
Pretax Income+	1.31B	1.82B	1.82B	1.89B	1.99B	2.38B	3.03B	1.79B	1.62B	1.3B
Pretax Margin %	0.03%	0.05%	0.04%	0.04%	0.05%	0.05%	0.06%	0.04%	0.04%	0.03%
Income Tax+	503M	609M	818M	424M	452M	579M	574M	370M	381M	372M
Effective Tax Rate %	0.68%	0.68%	0.55%	0.78%	0.77%	0.76%	0.81%	0.79%	0.77%	0.71%
Net Income+	897M	1.23B	1B	1.46B	1.54B	1.8B	2.45B	1.42B	1.24B	927M
Net Margin %	0.02%	0.03%	0.02%	0.03%	0.04%	0.04%	0.05%	0.03%	0.03%	0.02%
Net Income Growth %	-0.27%	0.37%	-0.19%	0.46%	0.05%	0.17%	0.36%	-0.42%	-0.13%	-0.25%
Net Income (Continuing)	807M	1.21B	999M	1.46B	1.54B	1.8B	2.45B	1.42B	1.24B	927M
Discontinued Operations	90M	21M	1M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	2.56	3.81	3.26	5.20	5.75	6.84	9.84	6.29	5.68	4.28
EPS Growth %	-0.27%	0.49%	-0.14%	0.6%	0.11%	0.19%	0.44%	-0.36%	-0.1%	-0.25%
EPS (Basic)	2.59	3.86	3.33	5.30	5.82	6.93	9.94	6.31	5.70	4.31
Diluted Shares Outstanding	350.7M	322.6M	307.1M	281.4M	268.1M	263M	249.3M	225.7M	218.5M	216.6M
Basic Shares Outstanding	346.5M	318.5M	300.4M	276.4M	264.9M	259.6M	246.8M	224.8M	217.7M	215.2M
Dividend Payout Ratio	0.56%	0.41%	0.41%	0.34%	0.34%	0.32%	0.28%	0.56%	0.65%	0.87%

Balance Sheet

	Jan 2016	Jan 2017	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Total Current Assets+	9.89B	10.52B	9.83B	8.87B	8.86B	12.54B	10.54B	8.8B	7.9B	8.22B
Cash & Short-Term Investments	3.28B	3.92B	3.13B	1.98B	2.23B	5.49B	2.94B	1.87B	1.45B	1.58B
Cash Only	1.98B	2.24B	1.1B	1.98B	2.23B	5.49B	2.94B	1.87B	1.45B	1.58B
Short-Term Investments	1.3B	1.68B	2.03B	0	0	0	0	0	0	0
Accounts Receivable	1.16B	1.35B	1.05B	1.01B	1.15B	1.06B	1.04B	1.14B	939M	1.04B
Days Sales Outstanding	10.73	12.48	9.08	8.64	9.61	8.19	7.35	9	7.89	9.18
Inventory	5.05B	4.86B	5.21B	5.41B	5.17B	5.61B	5.96B	5.14B	4.96B	5.08B
Days Inventory Outstanding	60.77	59.25	58.91	59.98	56.22	55.83	54.27	51.56	53.46	57.74
Other Current Assets	392M	384M	438M	466M	305M	373M	596M	647M	553M	517M
Total Non-Current Assets+	3.63B	3.34B	3.22B	4.03B	6.73B	6.53B	6.96B	7B	7.07B	6.56B
Property, Plant & Equipment	2.35B	2.29B	2.42B	2.51B	5.04B	4.87B	4.9B	5.1B	5.02B	4.96B
Fixed Asset Turnover	16.85x	17.18x	17.41x	17.08x	8.66x	9.70x	10.55x	9.08x	8.66x	8.38x
Goodwill	425M	425M	425M	915M	984M	986M	1.38B	1.38B	1.38B	908M
Intangible Assets	18M	18M	18M	350M	363M	301M	275M	189M	128M	91M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	844M	604M	374M	256M	350M	368M	402M	331M	541M	604M
Total Assets+	13.52B	13.86B	13.05B	12.9B	15.59B	19.07B	17.5B	15.8B	14.97B	14.78B
Asset Turnover	2.92x	2.84x	3.23x	3.32x	2.80x	2.48x	2.96x	2.93x	2.90x	2.81x
Asset Growth %	-0.11%	0.02%	-0.06%	-0.01%	0.21%	0.22%	-0.08%	-0.1%	-0.05%	-0.01%
Total Current Liabilities+	6.92B	7.12B	7.82B	7.51B	8.06B	10.52B	10.67B	8.98B	7.91B	8.02B
Accounts Payable	4.45B	4.98B	4.87B	5.26B	5.29B	6.98B	6.8B	5.69B	4.64B	4.98B
Days Payables Outstanding	53.54	60.71	55.11	58.29	57.46	69.43	61.89	57.05	50	56.55
Short-Term Debt	395M	44M	544M	56M	14M	110M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	384M	358M	561M	482M	396M	725M	845M	405M	486M	464M
Current Ratio	1.43x	1.48x	1.26x	1.18x	1.10x	1.19x	0.99x	0.98x	1.00x	1.03x
Quick Ratio	0.70x	0.79x	0.59x	0.46x	0.46x	0.66x	0.43x	0.41x	0.37x	0.39x
Cash Conversion Cycle	17.96	11.02	12.88	10.33	8.37	-5.41	-0.28	3.51	11.35	10.37
Total Non-Current Liabilities+	2.22B	2.02B	1.62B	2.08B	4.05B	3.96B	3.81B	4.03B	4B	3.96B
Long-Term Debt	1.34B	1.32B	811M	1.33B	1.14B	1.14B	1.22B	1.16B	1.15B	1.14B
Capital Lease Obligations	0	0	0	0	2.16B	2.04B	2.06B	2.16B	2.2B	2.28B
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	877M	704M	809M	750M	746M	785M	533M	705M	654M	532M
Total Liabilities	9.14B	9.15B	9.44B	9.6B	12.11B	14.48B	14.48B	13.01B	11.91B	11.97B
Total Debt+	1.73B	1.36B	1.35B	1.39B	3.99B	3.99B	3.94B	3.98B	3.98B	4.05B
Net Debt	-242M	-875M	254M	-592M	1.76B	-1.5B	1B	2.1B	2.54B	2.48B
Debt / Equity	0.40x	0.29x	0.38x	0.42x	1.15x	0.87x	1.30x	1.42x	1.30x	1.44x
Debt / EBITDA	0.85x	0.54x	0.54x	0.52x	1.42x	1.24x	1.02x	1.47x	1.59x	1.57x
Net Debt / EBITDA	-0.12x	-0.35x	0.10x	-0.22x	0.63x	-0.47x	0.26x	0.78x	1.02x	0.96x
Interest Coverage	17.19x	25.75x	24.57x	26.03x	31.39x	45.98x	119.88x	51.29x	30.27x	33.75x
Total Equity+	4.38B	4.71B	3.61B	3.31B	3.48B	4.59B	3.02B	2.79B	3.05B	2.81B
Equity Growth %	-0.12%	0.08%	-0.23%	-0.08%	0.05%	0.32%	-0.34%	-0.07%	0.09%	-0.08%
Book Value per Share	12.48	14.60	11.76	11.75	12.98	17.44	12.11	12.38	13.97	12.96
Total Shareholders' Equity	4.38B	4.71B	3.61B	3.31B	3.48B	4.59B	3.02B	2.79B	3.05B	2.81B
Common Stock	32M	31M	28M	27M	26M	26M	23M	22M	22M	22M
Retained Earnings	4.13B	4.4B	3.27B	2.98B	3.16B	4.23B	2.67B	2.43B	2.68B	2.49B
Treasury Stock	-55M	0	0	0	0	0	0	0	0	0
Accumulated OCI	271M	279M	314M	294M	295M	328M	329M	322M	317M	300M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Cash from Operations+	1.32B	2.54B	2.14B	2.41B	2.56B	4.93B	3.25B	1.82B	1.47B	2.1B
Operating CF Margin %	0.03%	0.06%	0.05%	0.06%	0.06%	0.1%	0.06%	0.04%	0.03%	0.05%
Operating CF Growth %	-0.32%	0.93%	-0.16%	0.12%	0.07%	0.92%	-0.34%	-0.44%	-0.19%	0.43%
Net Income	897M	1.23B	1B	1.46B	1.54B	1.8B	2.45B	1.42B	1.24B	927M
Depreciation & Amortization	657M	654M	683M	770M	812M	839M	869M	918M	923M	866M
Stock-Based Compensation	104M	108M	129M	123M	143M	135M	141M	138M	145M	139M
Deferred Taxes	49M	201M	162M	16M	70M	-36M	14M	51M	-214M	-59M
Other Non-Cash Items	140M	8M	-3M	21M	62M	257M	-23M	159M	158M	484M
Working Capital Changes	-525M	346M	170M	14M	-63M	1.93B	-203M	-861M	-783M	-259M
Change in Receivables	19M	-152M	411M	-240M	-215M	73M	17M	-103M	204M	-111M
Change in Inventory	86M	193M	-335M	-194M	237M	-435M	-328M	809M	178M	-155M
Change in Payables	-536M	518M	-196M	432M	47M	1.68B	-201M	-1.1B	-1.02B	358M
Cash from Investing+	-419M	-887M	-1B	508M	-895M	-788M	-1.37B	-962M	-781M	-704M
Capital Expenditures	-649M	-582M	-688M	-819M	-743M	-713M	-737M	-930M	-795M	-706M
CapEx % of Revenue	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-19M	-5M	-9M	16M	1M	-1M	0	7M	2M	8M
Cash from Financing+	-1.51B	-1.4B	-2.3B	-2.02B	-1.5B	-876M	-4.3B	-1.81B	-1.14B	-1.31B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-499M	-505M	-409M	-497M	-527M	-568M	-688M	-789M	-801M	-807M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	20M	22M	-1M	32M	-1M	0	-3M	0	-3M	-2M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	673M	1.96B	1.45B	1.59B	1.82B	4.21B	2.52B	894M	675M	1.39B
FCF Margin %	0.02%	0.05%	0.03%	0.04%	0.04%	0.09%	0.05%	0.02%	0.02%	0.03%
FCF Growth %	-0.51%	1.92%	-0.26%	0.09%	0.15%	1.31%	-0.4%	-0.64%	-0.24%	1.06%
FCF per Share	1.92	6.08	4.73	5.65	6.80	16.02	10.09	3.96	3.09	6.43
FCF Conversion (FCF/Net Income)	1.47x	2.07x	2.14x	1.64x	1.66x	2.74x	1.33x	1.29x	1.18x	2.26x
Interest Paid	77M	76M	81M	71M	62M	50M	22M	31M	51M	46M
Taxes Paid	550M	628M	366M	391M	514M	442M	716M	283M	543M	643M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	19.13%	27.03%	24.04%	42.32%	45.42%	44.58%	64.52%	48.8%	42.44%	31.63%
Return on Invested Capital (ROIC)	24.8%	34.89%	35.9%	43.31%	37.87%	43.07%	63.26%	30.18%	22.51%	23.75%
Gross Margin	23.25%	23.96%	23.43%	23.23%	23.03%	22.37%	22.49%	21.41%	22.1%	22.6%
Net Margin	2.27%	3.12%	2.37%	3.41%	3.53%	3.8%	4.74%	3.06%	2.86%	2.23%
Debt / Equity	0.40x	0.29x	0.38x	0.42x	1.15x	0.87x	1.30x	1.42x	1.30x	1.44x
Interest Coverage	17.19x	25.75x	24.57x	26.03x	31.39x	45.98x	119.88x	51.29x	30.27x	33.75x
FCF Conversion	1.47x	2.07x	2.14x	1.64x	1.66x	2.74x	1.33x	1.29x	1.18x	2.26x
Revenue Growth	-2.01%	-0.32%	6.97%	1.73%	1.77%	8.3%	9.52%	-10.55%	-6.15%	-4.43%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Computing And Mobile Phones	-	-	-	-	19.4B	21.65B	22.48B	19.77B	18.48B	18.68B
Computing And Mobile Phones Growth	-	-	-	-	-	11.62%	3.81%	-12.07%	-6.50%	1.08%
Consumer Electronics	-	-	-	14.06B	14.29B	14.21B	16.2B	14.09B	12.97B	12.06B
Consumer Electronics Growth	-	-	-	-	1.64%	-0.57%	14.02%	-13.02%	-7.98%	-6.97%
Appliances	-	-	-	4.34B	4.81B	5.87B	7.17B	6.74B	5.8B	4.91B
Appliances Growth	-	-	-	-	10.73%	22.10%	22.03%	-6.01%	-13.84%	-15.40%
Entertainment	-	-	-	3.21B	2.6B	3.08B	3.27B	3.05B	3.36B	2.91B
Entertainment Growth	-	-	-	-	-19.10%	18.56%	6.37%	-6.78%	10.15%	-13.53%
Services	-	-	-	1.97B	2.33B	2.25B	2.38B	2.33B	2.53B	2.63B
Services Growth	-	-	-	-	18.20%	-3.14%	5.68%	-2.02%	8.49%	3.99%
Other	-	-	-	232M	215M	194M	258M	317M	304M	333M
Other Growth	-	-	-	-	-7.33%	-9.77%	32.99%	22.87%	-4.10%	9.54%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Domestic	36.37B	36.25B	38.66B	39.3B	40.11B	43.29B	47.83B	42.79B	40.1B	38.24B
Domestic Growth	-	-0.32%	6.66%	1.66%	2.06%	7.92%	10.48%	-10.53%	-6.30%	-4.64%
International	3.16B	3.15B	3.49B	3.58B	3.52B	3.97B	3.93B	3.5B	3.35B	3.29B
International Growth	-	-0.25%	10.59%	2.46%	-1.43%	12.63%	-0.96%	-10.86%	-4.25%	-1.94%

Frequently Asked Questions

Valuation & Price

Best Buy Co., Inc. (BBY) has a price-to-earnings (P/E) ratio of 15.9x. This is roughly in line with market averages.

Growth & Financials

Best Buy Co., Inc. (BBY) reported $41.83B in revenue for fiscal year 2025. This represents a 8% decrease from $45.46B in 2012.

Best Buy Co., Inc. (BBY) saw revenue decline by 4.4% over the past year.

Yes, Best Buy Co., Inc. (BBY) is profitable, generating $645.0M in net income for fiscal year 2025 (2.2% net margin).

Dividend & Returns

Yes, Best Buy Co., Inc. (BBY) pays a dividend with a yield of 5.47%. This makes it attractive for income-focused investors.

Best Buy Co., Inc. (BBY) has a return on equity (ROE) of 31.6%. This is excellent, indicating efficient use of shareholder capital.

Best Buy Co., Inc. (BBY) generated $1.51B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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