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Best Buy

BBY NYSE Computer & Electronics Retail Financials FY2017–FY2026

Best Buy's revenue rose 0.4% to $41.7 billion in fiscal 2026. Its operating margin was 3.3%, up from 3.0% a year earlier. Free cash flow was $1.3 billion, down 9.6%. It paid out $1.1 billion in dividends and buybacks, 85% of free cash flow. The diluted share count fell 2.1%.

Last close · Oct 23, 2026

$99.87

0.0%
Value it Compare
Revenue Total sales reported in the income statement.
$41.7B
0.4% vs prior year
Operating margin Operating income as a share of revenue.
3.3%
0.3 pts
Net income Profit after all expenses, interest and tax.
$1.1B
15.3%
Free cash flow Cash from operations minus capital spending.
$1.3B
9.6%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
43.9%
9.4 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$21.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
16.6x
On $6.01 EPS (TTM)

What Best Buy does

Best Buy sells consumer technology and related services in the United States and Canada. Customers can shop online, visit its stores or have its staff come to their homes. It had 1,068 stores at the end of fiscal 2026. Its brands include Best Buy, Geek Squad (installation and repair services), Insignia, and Best Buy Health.

Best Buy reports two segments, Domestic (the U.S.) and International (Canada). Its sales fall into six categories: computing and mobile phones; consumer electronics; appliances; entertainment, such as gaming, drones and toys; services, such as delivery, installation, repair, memberships, warranty and marketplace commissions; and other items. Most merchandise is shipped from manufacturers to its distribution centers. Online customers can have items delivered or pick them up at a store.

It buys from a small group of suppliers. In fiscal 2026 its 20 largest suppliers made up approximately 80% of the merchandise it purchased, and five of them, Apple, Samsung, HP, LG and Sony, made up approximately 55%. It generally has no long-term written contracts with vendors. Best Buy says it faces strong competition from online and store-based retailers, and from some of its own vendors and mobile carriers.

Legal name
Best Buy Co., Inc.
Fiscal year ends
January 31, 2026
Latest annual report
10-K · Mar 18, 2026
Accession · CIK
0000764478-26-000009
0000764478

Revenue and margins

Best Buy had $41.7B of revenue in fiscal 2026, up 0.4% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 3.2% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.3B in fiscal 2026, 3.0% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Best Buy returned $1.1B to shareholders in fiscal 2026, 85% of free cash flow. The diluted share count fell 2.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Best Buy yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $562M and divides by 212.1M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 16.6x · peers 11.1x · sector 17.9x.

Balance sheet

Cash, debt and the ratios that show how comfortably Best Buy can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $2.9B$1.9B$1.4B$1.6B$1.7B
Debt incl. finance leases $1.3B$1.2B$1.2B$1.2B$1.2B
Net debt / EBITDA −0.4x−0.2x−0.1x−0.2x−0.3x
Debt / equity 0.4x0.4x0.4x0.4x0.4x
Interest coverage 121.6x51.3x30.3x24.8x29.6x
Current ratio 1.0x1.0x1.0x1.0x1.1x
Quick ratio 0.4x0.4x0.4x0.4x0.4x
Total assets $17.5B$15.8B$15.0B$14.8B$14.7B
Total liabilities $14.5B$13.0B$11.9B$12.0B$11.7B
Shareholders' equity $3.0B$2.8B$3.1B$2.8B$3.0B
Net debt (− = net cash) −$1.7B−$656M−$248M−$399M−$562M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$193M

5 insiders

Of sales under plans

38%

$74.0M

DateInsiderTradeSharesPriceValueFiling
Sep 23, 2026 Kathleen ScarlettSevp, CHRO Sold 116,062 $92.15 $10.7M Form 4
Sep 16, 2026 Richard M SchulzeChairman Emeritus Sold 300,000 $92.51 $27.8M Form 4
Jul 14, 2026 Richard M SchulzeChairman Emeritus Sold plan 300,000 $82.21 $24.7M Form 4
Jul 13, 2026 Richard M SchulzeChairman Emeritus Sold plan 600,000 $82.22 $49.3M Form 4
Jun 26, 2026 Richard M SchulzeChairman Emeritus Sold 224,705 $78.10 $17.5M Form 4
Jun 25, 2026 Richard M SchulzeChairman Emeritus Sold 193,896 $78.13 $15.1M Form 4
Jun 16, 2026 Richard M SchulzeChairman Emeritus Sold 5,100 $78.00 $0.4M Form 4
Jun 15, 2026 Richard M SchulzeChairman Emeritus Sold 76,299 $78.23 $6.0M Form 4
May 29, 2026 Mathew WatsonSVP, Controller & CAO Sold 1,784 $73.80 $0.1M Form 4
May 29, 2026 Richard M SchulzeChairman Emeritus Sold 500,350 $76.12 $38.1M Form 4
Mar 23, 2026 Corie S BarryCEO, Director Sold 42,869 $64.02 $2.7M Form 4
Mar 23, 2026 Matthew M BilunasSEVP Enterprise Strategy & CFO Sold 11,356 $64.02 $0.7M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose ✓ ✓ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✕
Revenue rose relative to assets ✓ ✓ ✓
F-score 7 / 97 / 97 / 9
Accruals ratio −1.5%−7.9%−6.1%
Altman Z'' 1.551.461.85

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Best Buy BBY $21.2B 0.4% 3.3% 3.0% 43.9% 16.6x 7
Upbound Group UPBD $1.0B 8.7% 4.8% 5.1% — 11.1x — Compare →
GameStop GME $14.7B −5.1% 6.4% 16.5% — 16.3x 6 Compare →
Magna International MGA $18.1B −1.9% — 5.4% 6.7% — 8 Compare →
Lithia Motors LAD $6.7B 4.0% 4.2% 0.0% 7.8% 9.7x 3 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $39.4B $42.2B $42.9B $43.6B $47.3B $51.8B $46.3B $43.5B $41.5B $41.7B
Gross profit $9.4B $9.9B $10.0B $10.0B $10.6B $11.6B $9.9B $9.6B $9.4B $9.4B
Operating income $1.9B $1.8B $1.9B $2.0B $2.4B $3.0B $1.8B $1.6B $1.3B $1.4B
Interest expense $72.0M $75.0M $73.0M $64.0M $52.0M $25.0M $35.0M $52.0M $51.0M $47.0M
Pretax income $1.8B $1.8B $1.9B $2.0B $2.4B $3.0B $1.8B $1.6B $1.3B $1.4B
Income tax $609M $818M $424M $452M $579M $574M $370M $381M $372M $337M
Net income $1.2B $1.0B $1.5B $1.5B $1.8B $2.5B $1.4B $1.2B $927M $1.1B
Diluted EPS $3.81 $3.26 $5.20 $5.75 $6.84 $9.84 $6.29 $5.68 $4.28 $5.04
Diluted shares 0.32B 0.31B 0.28B 0.27B 0.26B 0.25B 0.23B 0.22B 0.22B 0.21B
Cash flow
Cash from operations $2.6B $2.1B $2.4B $2.6B $4.9B $3.3B $1.8B $1.5B $2.1B $2.0B
Capital expenditure $580M $688M $819M $743M $713M $737M $930M $795M $706M $704M
Free cash flow $2.0B $1.5B $1.6B $1.8B $4.2B $2.5B $894M $675M $1.4B $1.3B
Depreciation and amortization $654M $683M $770M $812M $839M $869M $918M $923M $866M $831M
Stock-based compensation $108M $129M $123M $143M $135M $141M $138M $145M $139M $139M
Acquisitions $0.0M $0.0M $787M $145M $0.0M $468M $0.0M $0.0M $0.0M $0.0M
Share buybacks $698M $2.0B $1.5B $1.0B $312M $3.5B $1.0B $340M $500M $273M
Dividends paid $505M $409M $497M $527M $568M $688M $789M $801M $807M $801M
Dividends and buybacks $1.2B $2.4B $2.0B $1.5B $880M $4.2B $1.8B $1.1B $1.3B $1.1B
Balance sheet
Cash and short-term investments $3.9B $3.1B $2.0B $2.2B $5.5B $2.9B $1.9B $1.4B $1.6B $1.7B
Total debt $1.2B $1.4B $1.4B $1.3B $1.4B $1.2B $1.2B $1.2B $1.2B $1.2B
Finance lease liabilities $0.0M $0.0M $0.0M $38.0M $38.0M $40.0M $42.0M $34.0M $25.0M $32.0M
Current assets $10.5B $9.8B $8.9B $8.9B $12.5B $10.5B $8.8B $7.9B $8.2B $8.5B
Current liabilities $7.1B $7.8B $7.5B $8.1B $10.5B $10.7B $9.0B $7.9B $8.0B $7.7B
Inventory $4.9B $5.2B $5.4B $5.2B $5.6B $6.0B $5.1B $5.0B $5.1B $5.2B
Property and equipment, net $2.3B $2.4B $2.5B $2.3B $2.3B $2.3B $2.4B $2.3B $2.1B $2.0B
Total assets $13.9B $13.0B $12.9B $15.6B $19.1B $17.5B $15.8B $15.0B $14.8B $14.7B
Total liabilities $9.1B $9.4B $9.6B $12.1B $14.5B $14.5B $13.0B $11.9B $12.0B $11.7B
Shareholders' equity $4.7B $3.6B $3.3B $3.5B $4.6B $3.0B $2.8B $3.1B $2.8B $3.0B
Margins
Gross margin 24.0% 23.4% 23.2% 23.0% 22.4% 22.5% 21.4% 22.1% 22.6% 22.5%
Operating margin 4.7% 4.4% 4.4% 4.6% 5.1% 5.9% 3.9% 3.6% 3.0% 3.3%
EBITDA margin 6.4% 6.0% 6.2% 6.5% 6.8% 7.6% 5.9% 5.8% 5.1% 5.3%
Net margin 3.1% 2.4% 3.4% 3.5% 3.8% 4.7% 3.1% 2.9% 2.2% 2.6%
FCF margin 5.0% 3.5% 3.7% 4.2% 8.9% 4.9% 1.9% 1.6% 3.4% 3.0%
Returns
Return on capital 53.9% 53.5% 64.8% 58.9% — — 81.5% 48.7% 34.5% 43.9%
Return on capital employed 27.8% 30.8% 35.8% 31.1% 29.7% 39.5% 26.3% 22.7% 18.3% 20.2%
Return on equity 27.0% 24.0% 42.3% 45.4% 44.6% 64.5% 48.8% 42.4% 31.6% 37.0%
Return on assets 9.0% 7.4% 11.3% 10.8% 10.4% 13.4% 8.5% 8.1% 6.2% 7.3%
Growth
Revenue growth −0.3% 7.0% 1.7% 1.8% 8.3% 9.5% −10.6% −6.2% −4.4% 0.4%
Net income growth 36.9% −18.6% 46.4% 5.3% 16.7% 36.5% −42.2% −12.5% −25.3% 15.3%
EPS growth 48.8% −14.4% 59.5% 10.6% 19.0% 43.9% −36.1% −9.7% −24.7% 17.8%
FCF growth 184.9% −26.5% 9.4% 14.7% 131.3% −40.3% −64.5% −24.5% 106.2% −9.6%
Share count change −8.0% −4.8% −8.4% −4.7% −1.9% −5.2% −9.5% −3.2% −0.9% −2.1%
Financial health
Net debt / EBITDA −1.1x −0.7x −0.2x −0.3x −1.3x −0.4x −0.2x −0.1x −0.2x −0.3x
Debt / equity 0.3x 0.4x 0.4x 0.4x 0.3x 0.4x 0.4x 0.4x 0.4x 0.4x
Interest coverage 25.8x 24.6x 26.0x 31.4x 46.0x 121.6x 51.3x 30.3x 24.8x 29.6x
Current ratio 1.5x 1.3x 1.2x 1.1x 1.2x 1.0x 1.0x 1.0x 1.0x 1.1x
Quick ratio 0.8x 0.6x 0.5x 0.5x 0.7x 0.4x 0.4x 0.4x 0.4x 0.4x
Capital allocation
Capex / revenue 1.5% 1.6% 1.9% 1.7% 1.5% 1.4% 2.0% 1.8% 1.7% 1.7%
Stock comp / revenue 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3%
Payouts / FCF 60.9% 166.1% 126.0% 84.0% 20.9% 166.6% 201.7% 169.0% 93.9% 85.4%
Quality scores
Piotroski F-score 9.0 5.0 6.0 7.0 6.0 7.0 4.0 7.0 7.0 7.0
Altman Z'' 4.1 3.2 2.8 2.2 2.6 1.8 1.4 1.6 1.5 1.9
Accruals ratio −9.7% −8.5% −7.3% −7.2% −18.1% −4.4% −2.4% −1.5% −7.9% −6.1%

Source: SEC EDGAR XBRL filings (CIK 0000764478). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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