The ODP Corporation (ODP) 10-Year Financial Performance & Capital Metrics

ODP •

Consumer CyclicalSpecialty RetailConsumer Electronics and Gaming Retail

AboutThe ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses. The company operates in two divisions, Business Solutions and Retail. The Business Solutions division offers office supply products and services, cleaning and breakroom supplies, technology services, copy and print services, and office furniture products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada. The Retail division operates a chain of retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and furniture, as well as printing, copying, mailing, and shipping services. As of December 31, 2021, this division operated 1,038 retail stores in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers its products under various brands, including Office Depot, OfficeMax, and Grand&Toy, as well as others. The ODP Corporation was incorporated in 1986 and is headquartered in Boca Raton, Florida.Show more

Revenue $6.99B -10.6%
EBITDA $260M -39.4%
Net Income -$3M -102.2%
EPS (Diluted) -0.09 -102.5%
Gross Margin 20.67% -8.2%
EBITDA Margin 3.72% -32.2%
Operating Margin 2.33% -44.7%
Net Margin -0.04% -102.4%
ROE -0.31% -102.7%
ROIC 7.25% -49.6%
Debt/Equity 1.31 +49.9%
Interest Coverage 7.09 -57.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 12.5% through buybacks
✓Trading near 52-week high
✓Trading at only 1.2x book value
✓Efficient asset utilization: 2.0x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Sales declining 6.3% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-5.8%

5Y-6.28%

3Y-6.18%

TTM-8.91%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM75.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM68.72%

ROCE

10Y Avg8.2%

5Y Avg8.57%

3Y Avg11.68%

Latest7.8%

Peer Comparison

Consumer Electronics and Gaming Retail

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GMEGameStop Corp.	10.76B	24.03	72.82	-27.5%	11.08%	7.95%	1.2%	0.08
BBYBest Buy Co., Inc.	13.01B	61.97	14.48	-4.43%	1.54%	24.31%	10.7%	1.44
NEGGNewegg Commerce, Inc.	866.01B	44.46	-19.76	-17.46%	-1.72%	-19.77%		0.69
ODPThe ODP Corporation	843.3M	28.00	-326.72	-10.65%	-0.14%	-1.09%	3.79%	1.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	11.73B	11.02B	10.24B	11.02B	9.67B	8.87B	8.46B	8.48B	7.82B	6.99B
Revenue Growth %	-7.73%	-6.02%	-7.09%	7.57%	-12.24%	-8.22%	-4.59%	0.22%	-7.79%	-10.65%
Cost of Goods Sold+	8.86B	8.31B	7.78B	8.46B	7.41B	6.92B	6.6B	6.64B	6.06B	5.54B
COGS % of Revenue	75.59%	75.43%	75.97%	76.84%	76.67%	78.01%	77.99%	78.25%	77.49%	79.33%
Gross Profit+	2.86B	2.71B	2.46B	2.55B	2.25B	1.95B	1.86B	1.84B	1.76B	1.45B
Gross Margin %	24.41%	24.57%	24.03%	23.16%	23.33%	21.99%	22.01%	21.75%	22.51%	20.67%
Gross Profit Growth %	-3.8%	-5.41%	-9.12%	3.66%	-11.6%	-13.48%	-4.51%	-0.97%	-4.55%	-17.94%
Operating Expenses+	2.68B	2.19B	2.13B	2.3B	2.03B	1.95B	1.63B	1.54B	1.43B	1.28B
OpEx % of Revenue	22.85%	19.87%	20.84%	20.85%	21.01%	21.92%	19.24%	18.14%	18.29%	18.34%
Selling, General & Admin	2.42B	2.25B	2.04B	2.22B	1.89B	1.66B	1.59B	1.54B	1.41B	1.27B
SG&A % of Revenue	20.68%	20.46%	19.88%	20.14%	19.54%	18.72%	18.84%	18.15%	18.02%	18.2%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	255M	-65M	98M	79M	142M	284M	34M	-1M	21M	10M
Operating Income+	183M	518M	327M	254M	224M	6M	234M	306M	330M	163M
Operating Margin %	1.56%	4.7%	3.19%	2.31%	2.32%	0.07%	2.76%	3.61%	4.22%	2.33%
Operating Income Growth %	180.26%	183.06%	-36.87%	-22.32%	-11.81%	-97.32%	3800%	30.77%	7.84%	-50.61%
EBITDA+	436M	699M	486M	446M	389M	163M	380M	424M	429M	260M
EBITDA Margin %	3.72%	6.34%	4.75%	4.05%	4.02%	1.84%	4.49%	5%	5.48%	3.72%
EBITDA Growth %	789.8%	60.32%	-30.47%	-8.23%	-12.78%	-58.1%	133.13%	11.58%	1.18%	-39.39%
D&A (Non-Cash Add-back)	253M	181M	159M	192M	165M	157M	146M	118M	99M	97M
EBIT	206M	539M	361M	279M	267M	4M	259M	321M	349M	169M
Net Interest Income+	-69M	-58M	-40M	-96M	-67M	-38M	-27M	-11M	-10M	-14M
Interest Income	22M	22M	22M	25M	22M	4M	1M	5M	10M	9M
Interest Expense	91M	80M	62M	121M	89M	42M	28M	16M	20M	23M
Other Income/Expense	-68M	-59M	-28M	-96M	-46M	-44M	-3M	-1M	-1M	-17M
Pretax Income+	115M	459M	299M	158M	178M	-38M	231M	305M	329M	146M
Pretax Margin %	0.98%	4.16%	2.92%	1.43%	1.84%	-0.43%	2.73%	3.6%	4.21%	2.09%
Income Tax+	23M	-220M	153M	59M	51M	25M	44M	79M	82M	40M
Effective Tax Rate %	6.96%	115.25%	60.54%	65.82%	55.62%	839.47%	-90.04%	54.43%	42.25%	-2.05%
Net Income+	8M	529M	181M	104M	99M	-319M	-208M	166M	139M	-3M
Net Margin %	0.07%	4.8%	1.77%	0.94%	1.02%	-3.6%	-2.46%	1.96%	1.78%	-0.04%
Net Income Growth %	102.26%	6512.5%	-65.78%	-42.54%	-4.81%	-422.22%	34.8%	179.81%	-16.27%	-102.16%
Net Income (Continuing)	92M	679M	146M	99M	127M	-63M	187M	226M	247M	106M
Discontinued Operations	-84M	-150M	35M	5M	-28M	-256M	-395M	-60M	-108M	-109M
Minority Interest	0	0	18M	0	0	0	0	0	0	0
EPS (Diluted)+	0.15	9.60	3.40	1.86	1.79	-6.02	3.53	3.46	3.48	-0.09
EPS Growth %	102.27%	6300%	-64.58%	-45.29%	-3.76%	-436.31%	158.64%	-1.98%	0.58%	-102.46%
EPS (Basic)	0.15	9.80	3.50	1.89	1.82	-6.02	3.53	3.46	3.56	-0.09
Diluted Shares Outstanding	54.89M	55.1M	53.24M	56M	55.3M	53M	53M	48M	40M	35M
Basic Shares Outstanding	54.7M	53.98M	51.71M	55M	54.5M	53M	53M	48M	39M	34M
Dividend Payout Ratio	-	4.91%	29.28%	52.88%	55.56%	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.06B	2.97B	2.87B	2.68B	3.45B	2.35B	2.39B	1.91B	1.68B	1.44B
Cash & Short-Term Investments	1.07B	763M	622M	658M	698M	729M	514M	403M	392M	166M
Cash Only	1.07B	763M	622M	658M	698M	729M	514M	403M	392M	166M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	746M	687M	931M	885M	1.64B	442M	495M	536M	491M	466M
Days Sales Outstanding	23.22	22.75	33.19	29.33	62	18.18	21.34	23.06	22.91	24.33
Inventory	1.7B	1.28B	1.09B	1.06B	1.03B	916M	859M	828M	765M	770M
Days Inventory Outstanding	69.92	56.16	51.28	45.93	50.82	48.31	47.49	45.52	46.06	50.69
Other Current Assets	956M	142M	139M	0	0	219M	469M	143M	34M	36M
Total Non-Current Assets+	2.38B	2.57B	3.45B	3.48B	3.86B	3.26B	2.48B	2.24B	2.21B	2.09B
Property, Plant & Equipment	785M	601M	725M	763M	2.09B	1.65B	1.41B	1.23B	1.34B	1.25B
Fixed Asset Turnover	14.94x	18.34x	14.12x	14.44x	4.62x	5.38x	5.99x	6.92x	5.83x	5.58x
Goodwill	378M	363M	851M	914M	944M	394M	464M	464M	403M	411M
Intangible Assets	54M	33M	448M	422M	388M	57M	55M	46M	45M	48M
Long-Term Investments	905M	885M	863M	842M	0	0	0	0	1M	0
Other Non-Current Assets	236M	219M	260M	258M	257M	941M	326M	321M	277M	277M
Total Assets+	6.44B	5.54B	6.32B	6.17B	7.31B	5.61B	4.87B	4.15B	3.89B	3.53B
Asset Turnover	1.82x	1.99x	1.62x	1.79x	1.32x	1.58x	1.74x	2.04x	2.01x	1.98x
Asset Growth %	-5.87%	-14%	14.13%	-2.48%	18.57%	-23.21%	-13.34%	-14.72%	-6.34%	-9.19%
Total Current Liabilities+	2.74B	2.03B	2.05B	2.19B	3.09B	2.09B	2.27B	1.86B	1.69B	1.54B
Accounts Payable	987M	893M	892M	1.11B	1.03B	857M	950M	821M	755M	697M
Days Payables Outstanding	40.64	39.21	41.85	47.87	50.52	45.2	52.52	45.14	45.46	45.88
Short-Term Debt	22M	29M	96M	95M	822M	3M	3M	2M	0	0
Deferred Revenue (Current)	0	1B	991M	0	0	0	0	0	0	0
Other Current Liabilities	1.48B	903M	52M	788M	0	152M	290M	0	0	0
Current Ratio	1.48x	1.46x	1.40x	1.23x	1.11x	1.13x	1.05x	1.03x	0.99x	0.93x
Quick Ratio	0.86x	0.83x	0.87x	0.74x	0.78x	0.69x	0.68x	0.58x	0.54x	0.43x
Cash Conversion Cycle	52.5	39.7	42.62	27.39	62.29	21.3	16.31	23.44	23.51	29.14
Total Non-Current Liabilities+	2.1B	1.66B	2.14B	1.85B	2.04B	1.64B	1.16B	1B	1.09B	1.18B
Long-Term Debt	1.28B	1.16B	1.71B	1.44B	517M	297M	193M	148M	144M	251M
Capital Lease Obligations	169M	146M	49M	55M	1.27B	992M	788M	717M	810M	798M
Deferred Tax Liabilities	459M	361M	336M	300M	176M	172M	159M	122M	3M	0
Other Non-Current Liabilities	649M	-6M	42M	56M	85M	180M	22M	16M	135M	130M
Total Liabilities	4.84B	3.69B	4.18B	4.04B	5.14B	3.73B	3.43B	2.86B	2.79B	2.72B
Total Debt+	1.51B	1.19B	1.81B	1.54B	2.62B	1.31B	1B	881M	963M	1.06B
Net Debt	440M	422M	1.19B	881M	1.93B	584M	487M	478M	571M	892M
Debt / Equity	0.94x	0.64x	0.84x	0.72x	1.21x	0.70x	0.70x	0.68x	0.87x	1.31x
Debt / EBITDA	3.46x	1.70x	3.72x	3.45x	6.75x	8.06x	2.63x	2.08x	2.24x	4.07x
Net Debt / EBITDA	1.01x	0.60x	2.44x	1.98x	4.95x	3.58x	1.28x	1.13x	1.33x	3.43x
Interest Coverage	2.01x	6.48x	5.27x	2.10x	2.52x	0.14x	8.36x	19.13x	16.50x	7.09x
Total Equity+	1.6B	1.85B	2.16B	2.13B	2.17B	1.88B	1.44B	1.29B	1.1B	807M
Equity Growth %	-1.11%	15.53%	16.41%	-1.39%	2.21%	-13.48%	-23.51%	-10.5%	-14.45%	-26.7%
Book Value per Share	29.20	33.61	40.50	37.96	39.29	35.47	27.13	26.81	27.53	23.06
Total Shareholders' Equity	1.6B	1.85B	2.14B	2.13B	2.17B	1.88B	1.44B	1.29B	1.1B	807M
Common Stock	6M	6M	6M	6M	1M	1M	1M	1M	1M	1M
Retained Earnings	-982M	-453M	-273M	-173M	-89M	-409M	-617M	-451M	-312M	-315M
Treasury Stock	-58M	-190M	-246M	-285M	-325M	-355M	-632M	-928M	-1.23B	-1.53B
Accumulated OCI	30M	-129M	-78M	-99M	-66M	-32M	-6M	-77M	-114M	-124M
Minority Interest	0	0	18M	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	126M	370M	458M	627M	366M	485M	346M	237M	331M	130M
Operating CF Margin %	1.07%	3.36%	4.47%	5.69%	3.79%	5.47%	4.09%	2.79%	4.23%	1.86%
Operating CF Growth %	-19.23%	193.65%	23.78%	36.9%	-41.63%	32.51%	-28.66%	-31.5%	39.66%	-60.73%
Net Income	8M	679M	146M	99M	99M	-319M	187M	178M	139M	106M
Depreciation & Amortization	283M	181M	159M	192M	204M	189M	146M	131M	115M	97M
Stock-Based Compensation	44M	40M	28M	27M	33M	41M	38M	40M	36M	32M
Deferred Taxes	7M	-231M	137M	40M	100M	9M	-6M	40M	40M	38M
Other Non-Cash Items	60M	-20M	63M	84M	59M	486M	38M	31M	111M	28M
Working Capital Changes	-276M	-279M	-75M	185M	-129M	79M	-57M	-183M	-110M	-171M
Change in Receivables	47M	55M	15M	43M	63M	185M	-61M	-42M	41M	19M
Change in Inventory	-139M	56M	160M	-2M	19M	84M	35M	13M	47M	-24M
Change in Payables	-206M	-339M	-252M	140M	-532M	-513M	-312M	-436M	-474M	-406M
Cash from Investing+	-74M	-154M	-1.1B	-183M	-119M	736M	-79M	-10M	-2M	-126M
Capital Expenditures	-163M	-111M	-183M	-187M	-150M	-68M	-73M	-99M	-105M	-98M
CapEx % of Revenue	1.39%	1.01%	1.79%	1.7%	1.55%	0.77%	0.86%	1.17%	1.34%	1.4%
Acquisitions	-9M	27M	-875M	-81M	-22M	-30M	-29M	8M	93M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	98M	-43M	-43M	85M	53M	834M	23M	81M	10M	-28M
Cash from Financing+	-25M	-470M	465M	-414M	-212M	-1.19B	-459M	-355M	-340M	-225M
Debt Issued (Net)	-32M	-299M	605M	-298M	-97M	-1.14B	-125M	-64M	-19M	96M
Equity Issued (Net)	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	-26M	-53M	-55M	-55M	-13M	0	0	0	0
Share Repurchases	0	-132M	-73M	-42M	-49M	-35M	-333M	-286M	-321M	-315M
Other Financing	0	-13M	-14M	-19M	-11M	-8M	-1M	-5M	-26M	-6M
Net Change in Cash	-2M	-262M	-171M	21M	40M	29M	-192M	-133M	-9M	-224M
Free Cash Flow+	-37M	259M	275M	440M	216M	417M	273M	138M	226M	32M
FCF Margin %	-0.32%	2.35%	2.69%	3.99%	2.23%	4.7%	3.23%	1.63%	2.89%	0.46%
FCF Growth %	-212.12%	800%	6.18%	60%	-50.91%	93.06%	-34.53%	-49.45%	63.77%	-85.84%
FCF per Share	-0.67	4.70	5.17	7.86	3.91	7.87	5.15	2.88	5.65	0.91
FCF Conversion (FCF/Net Income)	15.75x	0.70x	2.53x	6.03x	3.70x	-1.52x	-1.66x	1.43x	2.38x	-43.33x
Interest Paid	0	63M	34M	0	0	0	25M	16M	16M	19M
Taxes Paid	0	48M	18M	0	0	0	43M	17M	35M	8M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.5%	30.62%	9.03%	4.86%	4.61%	-15.74%	-12.54%	12.18%	11.64%	-0.31%
Return on Invested Capital (ROIC)	6.63%	18%	8.73%	6%	4.73%	0.14%	8%	12.44%	14.4%	7.25%
Gross Margin	24.41%	24.57%	24.03%	23.16%	23.33%	21.99%	22.01%	21.75%	22.51%	20.67%
Net Margin	0.07%	4.8%	1.77%	0.94%	1.02%	-3.6%	-2.46%	1.96%	1.78%	-0.04%
Debt / Equity	0.94x	0.64x	0.84x	0.72x	1.21x	0.70x	0.70x	0.68x	0.87x	1.31x
Interest Coverage	2.01x	6.48x	5.27x	2.10x	2.52x	0.14x	8.36x	19.13x	16.50x	7.09x
FCF Conversion	15.75x	0.70x	2.53x	6.03x	3.70x	-1.52x	-1.66x	1.43x	2.38x	-43.33x
Revenue Growth	-7.73%	-6.02%	-7.09%	7.57%	-12.24%	-8.22%	-4.59%	0.22%	-7.79%	-10.65%

US Stock Screener

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The ODP Corporation (ODP) 10-Year Financial Performance & Capital Metrics

ODP •

Consumer CyclicalSpecialty RetailConsumer Electronics and Gaming Retail

Revenue $6.99B -10.6%
EBITDA $260M -39.4%
Net Income -$3M -102.2%
EPS (Diluted) -0.09 -102.5%
Gross Margin 20.67% -8.2%
EBITDA Margin 3.72% -32.2%
Operating Margin 2.33% -44.7%
Net Margin -0.04% -102.4%
ROE -0.31% -102.7%
ROIC 7.25% -49.6%
Debt/Equity 1.31 +49.9%
Interest Coverage 7.09 -57.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 12.5% through buybacks
✓Trading near 52-week high
✓Trading at only 1.2x book value
✓Efficient asset utilization: 2.0x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Sales declining 6.3% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-5.8%

5Y-6.28%

3Y-6.18%

TTM-8.91%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM75.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM68.72%

ROCE

10Y Avg8.2%

5Y Avg8.57%

3Y Avg11.68%

Latest7.8%

Peer Comparison

Consumer Electronics and Gaming Retail

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GMEGameStop Corp.	10.76B	24.03	72.82	-27.5%	11.08%	7.95%	1.2%	0.08
BBYBest Buy Co., Inc.	13.01B	61.97	14.48	-4.43%	1.54%	24.31%	10.7%	1.44
NEGGNewegg Commerce, Inc.	866.01B	44.46	-19.76	-17.46%	-1.72%	-19.77%		0.69
ODPThe ODP Corporation	843.3M	28.00	-326.72	-10.65%	-0.14%	-1.09%	3.79%	1.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	11.73B	11.02B	10.24B	11.02B	9.67B	8.87B	8.46B	8.48B	7.82B	6.99B
Revenue Growth %	-7.73%	-6.02%	-7.09%	7.57%	-12.24%	-8.22%	-4.59%	0.22%	-7.79%	-10.65%
Cost of Goods Sold+	8.86B	8.31B	7.78B	8.46B	7.41B	6.92B	6.6B	6.64B	6.06B	5.54B
COGS % of Revenue	75.59%	75.43%	75.97%	76.84%	76.67%	78.01%	77.99%	78.25%	77.49%	79.33%
Gross Profit+	2.86B	2.71B	2.46B	2.55B	2.25B	1.95B	1.86B	1.84B	1.76B	1.45B
Gross Margin %	24.41%	24.57%	24.03%	23.16%	23.33%	21.99%	22.01%	21.75%	22.51%	20.67%
Gross Profit Growth %	-3.8%	-5.41%	-9.12%	3.66%	-11.6%	-13.48%	-4.51%	-0.97%	-4.55%	-17.94%
Operating Expenses+	2.68B	2.19B	2.13B	2.3B	2.03B	1.95B	1.63B	1.54B	1.43B	1.28B
OpEx % of Revenue	22.85%	19.87%	20.84%	20.85%	21.01%	21.92%	19.24%	18.14%	18.29%	18.34%
Selling, General & Admin	2.42B	2.25B	2.04B	2.22B	1.89B	1.66B	1.59B	1.54B	1.41B	1.27B
SG&A % of Revenue	20.68%	20.46%	19.88%	20.14%	19.54%	18.72%	18.84%	18.15%	18.02%	18.2%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	255M	-65M	98M	79M	142M	284M	34M	-1M	21M	10M
Operating Income+	183M	518M	327M	254M	224M	6M	234M	306M	330M	163M
Operating Margin %	1.56%	4.7%	3.19%	2.31%	2.32%	0.07%	2.76%	3.61%	4.22%	2.33%
Operating Income Growth %	180.26%	183.06%	-36.87%	-22.32%	-11.81%	-97.32%	3800%	30.77%	7.84%	-50.61%
EBITDA+	436M	699M	486M	446M	389M	163M	380M	424M	429M	260M
EBITDA Margin %	3.72%	6.34%	4.75%	4.05%	4.02%	1.84%	4.49%	5%	5.48%	3.72%
EBITDA Growth %	789.8%	60.32%	-30.47%	-8.23%	-12.78%	-58.1%	133.13%	11.58%	1.18%	-39.39%
D&A (Non-Cash Add-back)	253M	181M	159M	192M	165M	157M	146M	118M	99M	97M
EBIT	206M	539M	361M	279M	267M	4M	259M	321M	349M	169M
Net Interest Income+	-69M	-58M	-40M	-96M	-67M	-38M	-27M	-11M	-10M	-14M
Interest Income	22M	22M	22M	25M	22M	4M	1M	5M	10M	9M
Interest Expense	91M	80M	62M	121M	89M	42M	28M	16M	20M	23M
Other Income/Expense	-68M	-59M	-28M	-96M	-46M	-44M	-3M	-1M	-1M	-17M
Pretax Income+	115M	459M	299M	158M	178M	-38M	231M	305M	329M	146M
Pretax Margin %	0.98%	4.16%	2.92%	1.43%	1.84%	-0.43%	2.73%	3.6%	4.21%	2.09%
Income Tax+	23M	-220M	153M	59M	51M	25M	44M	79M	82M	40M
Effective Tax Rate %	6.96%	115.25%	60.54%	65.82%	55.62%	839.47%	-90.04%	54.43%	42.25%	-2.05%
Net Income+	8M	529M	181M	104M	99M	-319M	-208M	166M	139M	-3M
Net Margin %	0.07%	4.8%	1.77%	0.94%	1.02%	-3.6%	-2.46%	1.96%	1.78%	-0.04%
Net Income Growth %	102.26%	6512.5%	-65.78%	-42.54%	-4.81%	-422.22%	34.8%	179.81%	-16.27%	-102.16%
Net Income (Continuing)	92M	679M	146M	99M	127M	-63M	187M	226M	247M	106M
Discontinued Operations	-84M	-150M	35M	5M	-28M	-256M	-395M	-60M	-108M	-109M
Minority Interest	0	0	18M	0	0	0	0	0	0	0
EPS (Diluted)+	0.15	9.60	3.40	1.86	1.79	-6.02	3.53	3.46	3.48	-0.09
EPS Growth %	102.27%	6300%	-64.58%	-45.29%	-3.76%	-436.31%	158.64%	-1.98%	0.58%	-102.46%
EPS (Basic)	0.15	9.80	3.50	1.89	1.82	-6.02	3.53	3.46	3.56	-0.09
Diluted Shares Outstanding	54.89M	55.1M	53.24M	56M	55.3M	53M	53M	48M	40M	35M
Basic Shares Outstanding	54.7M	53.98M	51.71M	55M	54.5M	53M	53M	48M	39M	34M
Dividend Payout Ratio	-	4.91%	29.28%	52.88%	55.56%	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.06B	2.97B	2.87B	2.68B	3.45B	2.35B	2.39B	1.91B	1.68B	1.44B
Cash & Short-Term Investments	1.07B	763M	622M	658M	698M	729M	514M	403M	392M	166M
Cash Only	1.07B	763M	622M	658M	698M	729M	514M	403M	392M	166M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	746M	687M	931M	885M	1.64B	442M	495M	536M	491M	466M
Days Sales Outstanding	23.22	22.75	33.19	29.33	62	18.18	21.34	23.06	22.91	24.33
Inventory	1.7B	1.28B	1.09B	1.06B	1.03B	916M	859M	828M	765M	770M
Days Inventory Outstanding	69.92	56.16	51.28	45.93	50.82	48.31	47.49	45.52	46.06	50.69
Other Current Assets	956M	142M	139M	0	0	219M	469M	143M	34M	36M
Total Non-Current Assets+	2.38B	2.57B	3.45B	3.48B	3.86B	3.26B	2.48B	2.24B	2.21B	2.09B
Property, Plant & Equipment	785M	601M	725M	763M	2.09B	1.65B	1.41B	1.23B	1.34B	1.25B
Fixed Asset Turnover	14.94x	18.34x	14.12x	14.44x	4.62x	5.38x	5.99x	6.92x	5.83x	5.58x
Goodwill	378M	363M	851M	914M	944M	394M	464M	464M	403M	411M
Intangible Assets	54M	33M	448M	422M	388M	57M	55M	46M	45M	48M
Long-Term Investments	905M	885M	863M	842M	0	0	0	0	1M	0
Other Non-Current Assets	236M	219M	260M	258M	257M	941M	326M	321M	277M	277M
Total Assets+	6.44B	5.54B	6.32B	6.17B	7.31B	5.61B	4.87B	4.15B	3.89B	3.53B
Asset Turnover	1.82x	1.99x	1.62x	1.79x	1.32x	1.58x	1.74x	2.04x	2.01x	1.98x
Asset Growth %	-5.87%	-14%	14.13%	-2.48%	18.57%	-23.21%	-13.34%	-14.72%	-6.34%	-9.19%
Total Current Liabilities+	2.74B	2.03B	2.05B	2.19B	3.09B	2.09B	2.27B	1.86B	1.69B	1.54B
Accounts Payable	987M	893M	892M	1.11B	1.03B	857M	950M	821M	755M	697M
Days Payables Outstanding	40.64	39.21	41.85	47.87	50.52	45.2	52.52	45.14	45.46	45.88
Short-Term Debt	22M	29M	96M	95M	822M	3M	3M	2M	0	0
Deferred Revenue (Current)	0	1B	991M	0	0	0	0	0	0	0
Other Current Liabilities	1.48B	903M	52M	788M	0	152M	290M	0	0	0
Current Ratio	1.48x	1.46x	1.40x	1.23x	1.11x	1.13x	1.05x	1.03x	0.99x	0.93x
Quick Ratio	0.86x	0.83x	0.87x	0.74x	0.78x	0.69x	0.68x	0.58x	0.54x	0.43x
Cash Conversion Cycle	52.5	39.7	42.62	27.39	62.29	21.3	16.31	23.44	23.51	29.14
Total Non-Current Liabilities+	2.1B	1.66B	2.14B	1.85B	2.04B	1.64B	1.16B	1B	1.09B	1.18B
Long-Term Debt	1.28B	1.16B	1.71B	1.44B	517M	297M	193M	148M	144M	251M
Capital Lease Obligations	169M	146M	49M	55M	1.27B	992M	788M	717M	810M	798M
Deferred Tax Liabilities	459M	361M	336M	300M	176M	172M	159M	122M	3M	0
Other Non-Current Liabilities	649M	-6M	42M	56M	85M	180M	22M	16M	135M	130M
Total Liabilities	4.84B	3.69B	4.18B	4.04B	5.14B	3.73B	3.43B	2.86B	2.79B	2.72B
Total Debt+	1.51B	1.19B	1.81B	1.54B	2.62B	1.31B	1B	881M	963M	1.06B
Net Debt	440M	422M	1.19B	881M	1.93B	584M	487M	478M	571M	892M
Debt / Equity	0.94x	0.64x	0.84x	0.72x	1.21x	0.70x	0.70x	0.68x	0.87x	1.31x
Debt / EBITDA	3.46x	1.70x	3.72x	3.45x	6.75x	8.06x	2.63x	2.08x	2.24x	4.07x
Net Debt / EBITDA	1.01x	0.60x	2.44x	1.98x	4.95x	3.58x	1.28x	1.13x	1.33x	3.43x
Interest Coverage	2.01x	6.48x	5.27x	2.10x	2.52x	0.14x	8.36x	19.13x	16.50x	7.09x
Total Equity+	1.6B	1.85B	2.16B	2.13B	2.17B	1.88B	1.44B	1.29B	1.1B	807M
Equity Growth %	-1.11%	15.53%	16.41%	-1.39%	2.21%	-13.48%	-23.51%	-10.5%	-14.45%	-26.7%
Book Value per Share	29.20	33.61	40.50	37.96	39.29	35.47	27.13	26.81	27.53	23.06
Total Shareholders' Equity	1.6B	1.85B	2.14B	2.13B	2.17B	1.88B	1.44B	1.29B	1.1B	807M
Common Stock	6M	6M	6M	6M	1M	1M	1M	1M	1M	1M
Retained Earnings	-982M	-453M	-273M	-173M	-89M	-409M	-617M	-451M	-312M	-315M
Treasury Stock	-58M	-190M	-246M	-285M	-325M	-355M	-632M	-928M	-1.23B	-1.53B
Accumulated OCI	30M	-129M	-78M	-99M	-66M	-32M	-6M	-77M	-114M	-124M
Minority Interest	0	0	18M	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	126M	370M	458M	627M	366M	485M	346M	237M	331M	130M
Operating CF Margin %	1.07%	3.36%	4.47%	5.69%	3.79%	5.47%	4.09%	2.79%	4.23%	1.86%
Operating CF Growth %	-19.23%	193.65%	23.78%	36.9%	-41.63%	32.51%	-28.66%	-31.5%	39.66%	-60.73%
Net Income	8M	679M	146M	99M	99M	-319M	187M	178M	139M	106M
Depreciation & Amortization	283M	181M	159M	192M	204M	189M	146M	131M	115M	97M
Stock-Based Compensation	44M	40M	28M	27M	33M	41M	38M	40M	36M	32M
Deferred Taxes	7M	-231M	137M	40M	100M	9M	-6M	40M	40M	38M
Other Non-Cash Items	60M	-20M	63M	84M	59M	486M	38M	31M	111M	28M
Working Capital Changes	-276M	-279M	-75M	185M	-129M	79M	-57M	-183M	-110M	-171M
Change in Receivables	47M	55M	15M	43M	63M	185M	-61M	-42M	41M	19M
Change in Inventory	-139M	56M	160M	-2M	19M	84M	35M	13M	47M	-24M
Change in Payables	-206M	-339M	-252M	140M	-532M	-513M	-312M	-436M	-474M	-406M
Cash from Investing+	-74M	-154M	-1.1B	-183M	-119M	736M	-79M	-10M	-2M	-126M
Capital Expenditures	-163M	-111M	-183M	-187M	-150M	-68M	-73M	-99M	-105M	-98M
CapEx % of Revenue	1.39%	1.01%	1.79%	1.7%	1.55%	0.77%	0.86%	1.17%	1.34%	1.4%
Acquisitions	-9M	27M	-875M	-81M	-22M	-30M	-29M	8M	93M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	98M	-43M	-43M	85M	53M	834M	23M	81M	10M	-28M
Cash from Financing+	-25M	-470M	465M	-414M	-212M	-1.19B	-459M	-355M	-340M	-225M
Debt Issued (Net)	-32M	-299M	605M	-298M	-97M	-1.14B	-125M	-64M	-19M	96M
Equity Issued (Net)	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	-26M	-53M	-55M	-55M	-13M	0	0	0	0
Share Repurchases	0	-132M	-73M	-42M	-49M	-35M	-333M	-286M	-321M	-315M
Other Financing	0	-13M	-14M	-19M	-11M	-8M	-1M	-5M	-26M	-6M
Net Change in Cash	-2M	-262M	-171M	21M	40M	29M	-192M	-133M	-9M	-224M
Free Cash Flow+	-37M	259M	275M	440M	216M	417M	273M	138M	226M	32M
FCF Margin %	-0.32%	2.35%	2.69%	3.99%	2.23%	4.7%	3.23%	1.63%	2.89%	0.46%
FCF Growth %	-212.12%	800%	6.18%	60%	-50.91%	93.06%	-34.53%	-49.45%	63.77%	-85.84%
FCF per Share	-0.67	4.70	5.17	7.86	3.91	7.87	5.15	2.88	5.65	0.91
FCF Conversion (FCF/Net Income)	15.75x	0.70x	2.53x	6.03x	3.70x	-1.52x	-1.66x	1.43x	2.38x	-43.33x
Interest Paid	0	63M	34M	0	0	0	25M	16M	16M	19M
Taxes Paid	0	48M	18M	0	0	0	43M	17M	35M	8M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.5%	30.62%	9.03%	4.86%	4.61%	-15.74%	-12.54%	12.18%	11.64%	-0.31%
Return on Invested Capital (ROIC)	6.63%	18%	8.73%	6%	4.73%	0.14%	8%	12.44%	14.4%	7.25%
Gross Margin	24.41%	24.57%	24.03%	23.16%	23.33%	21.99%	22.01%	21.75%	22.51%	20.67%
Net Margin	0.07%	4.8%	1.77%	0.94%	1.02%	-3.6%	-2.46%	1.96%	1.78%	-0.04%
Debt / Equity	0.94x	0.64x	0.84x	0.72x	1.21x	0.70x	0.70x	0.68x	0.87x	1.31x
Interest Coverage	2.01x	6.48x	5.27x	2.10x	2.52x	0.14x	8.36x	19.13x	16.50x	7.09x
FCF Conversion	15.75x	0.70x	2.53x	6.03x	3.70x	-1.52x	-1.66x	1.43x	2.38x	-43.33x
Revenue Growth	-7.73%	-6.02%	-7.09%	7.57%	-12.24%	-8.22%	-4.59%	0.22%	-7.79%	-10.65%

The ODP Corporation (ODP) 10-Year Financial Performance & Capital Metrics

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✓Strengths

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Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

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Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

The ODP Corporation (ODP) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare ODP vs Peers

vs NEGG

vs BBY

Compare Top 4

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios