BEST BUY CO INC BBY
We were incorporated in the state of Minnesota in 1966. We are driven by our purpose to enrich lives through technology and our vision to personalize and humanize technology solutions for every stage of life. We accomplish this by leveraging our unique combination of tech expertise and a human touch to meet our customers' everyday needs, whether they come to us online, visit our stores or invite us into their homes. We have operations in the U.S. and Canada.
We have two reportable segments: Domestic and International. The Domestic segment is comprised of our operations in all states, districts and territories of the U.S. and our Best Buy Health business, and includes the brand names Best Buy, Best Buy Ads, Best Buy Business, Best Buy Essentials, Best Buy Health, Best Buy Marketplace, Geek Squad, Imagine That, Insignia, Lively, Jitterbug, My Best Buy, My Best Buy Memberships, Pacific Kitchen and Home, TechLiquidators and Yardbird; and the domain names bestbuy.com, lively.com, techliquidators.com and yardbird.com. Our International segment is comprised of all operations in Canada under the brand names Best Buy, Best Buy Ads, Best Buy Business, Best Buy Express, Best Buy Marketplace, Best Buy Mobile, Geek Squad, Insignia and TechLiquidators and the domain names bestbuy.ca and techliquidators.ca.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.69B | $41.53B | $43.45B | $46.30B | $51.76B | $47.26B | $43.64B | $42.88B | $42.15B | $39.40B |
| Cost of revenue | $32.32B | $32.14B | $33.85B | $36.39B | $40.12B | $36.69B | $33.59B | $32.92B | $32.27B | $29.96B |
| Gross profit | $9.37B | $9.38B | $9.60B | $9.91B | $11.64B | $10.57B | $10.05B | $9.96B | $9.88B | $9.44B |
| SG&A | $7.62B | $7.65B | $7.88B | $7.97B | $8.63B | $7.93B | $8.00B | $8.02B | $8.02B | $7.55B |
| Operating income | $1.39B | $1.26B | $1.57B | $1.79B | $3.04B | $2.39B | $2.01B | $1.90B | $1.84B | $1.85B |
| Interest expense | $47.0M | $51.0M | $52.0M | $35.0M | $25.0M | $52.0M | $64.0M | $73.0M | $75.0M | $72.0M |
| Pre-tax income | $1.40B | $1.29B | $1.62B | $1.79B | $3.02B | $2.38B | $1.99B | $1.89B | $1.82B | $1.82B |
| Income tax | $337.0M | $372.0M | $381.0M | $370.0M | $574.0M | $579.0M | $452.0M | $424.0M | $818.0M | $609.0M |
| Net income | $1.07B | $927.0M | $1.24B | $1.42B | $2.45B | $1.80B | $1.54B | $1.46B | $1.00B | $1.23B |
| EPS, basic | 5.06 | 4.31 | 5.70 | 6.31 | 9.94 | 6.93 | 5.82 | 5.30 | 3.33 | 3.86 |
| EPS, diluted | 5.04 | 4.28 | 5.68 | 6.29 | 9.84 | 6.84 | 5.75 | 5.20 | 3.26 | 3.81 |
| Shares, diluted (wtd. avg.) | $212.1M | $216.6M | $218.5M | $225.7M | $249.3M | $263.0M | $268.1M | $281.4M | $307.1M | $322.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.74B | $1.58B | $1.45B | $2.25B | $3.21B | $5.62B | $2.35B | $2.18B | $1.30B | $2.43B |
| Short-term investments | — | — | — | — | — | — | — | $0 | $2.03B | $1.68B |
| Receivables | $1.04B | $1.04B | $939.0M | $1.14B | $1.04B | $1.06B | $1.15B | $1.01B | $1.05B | $1.35B |
| Inventory | $5.23B | $5.08B | $4.96B | $5.14B | $5.96B | $5.61B | $5.17B | $5.41B | $5.21B | $4.86B |
| Total current assets | $8.50B | $8.22B | $7.90B | $8.80B | $10.54B | $12.54B | $8.86B | $8.87B | $9.83B | $10.52B |
| Property, plant and equipment | $1.99B | $2.12B | $2.26B | $2.35B | $2.25B | $2.26B | $2.33B | $2.51B | $2.42B | $2.29B |
| Goodwill | $790.0M | $908.0M | $1.38B | $1.38B | $1.38B | $986.0M | $984.0M | $490.0M | $425.0M | $425.0M |
| Total assets | $14.67B | $14.78B | $14.97B | $15.80B | $17.50B | $19.07B | $15.59B | $12.90B | $13.05B | $13.86B |
| Accounts payable | $4.75B | $4.98B | $4.64B | $5.69B | $6.80B | $6.98B | $5.29B | $5.26B | $4.87B | $4.98B |
| Short-term debt | — | $10.0M | $13.0M | $16.0M | $13.0M | $14.0M | $14.0M | $56.0M | $544.0M | $44.0M |
| Total current liabilities | $7.68B | $8.02B | $7.91B | $8.98B | $10.67B | $10.52B | $8.06B | $7.51B | $7.82B | $7.12B |
| Long-term debt | — | $1.14B | $1.15B | $1.16B | $1.22B | $1.25B | $1.26B | $1.33B | — | $1.32B |
| Retained earnings | $2.61B | $2.49B | $2.68B | $2.43B | $2.67B | $4.23B | $3.16B | $2.98B | $3.27B | $4.40B |
| Total equity | $2.96B | $2.81B | $3.05B | $2.79B | $3.02B | $4.59B | $3.48B | $3.31B | $3.61B | $4.71B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.96B | $2.10B | $1.47B | $1.82B | $3.25B | $4.93B | $2.56B | $2.41B | $2.14B | $2.56B |
| Depreciation and amortisation | $831.0M | $866.0M | $923.0M | $918.0M | $869.0M | $839.0M | $812.0M | $770.0M | $683.0M | $654.0M |
| Stock-based compensation | $139.0M | $139.0M | $145.0M | $138.0M | $141.0M | $135.0M | $143.0M | $123.0M | $129.0M | $108.0M |
| Capital expenditure | $704.0M | $706.0M | $795.0M | $930.0M | $737.0M | $713.0M | $743.0M | $819.0M | $688.0M | $580.0M |
| Investing cash flow | -$730.0M | -$704.0M | -$781.0M | -$962.0M | -$1.37B | -$788.0M | -$895.0M | $508.0M | -$1.00B | -$877.0M |
| Financing cash flow | -$1.08B | -$1.31B | -$1.14B | -$1.81B | -$4.30B | -$876.0M | -$1.50B | -$2.02B | -$2.30B | -$1.42B |
| Dividends paid | $801.0M | $807.0M | $801.0M | $789.0M | $688.0M | $568.0M | $527.0M | $497.0M | $409.0M | $505.0M |
| Buybacks | $273.0M | $500.0M | $340.0M | $1.01B | $3.50B | $312.0M | $1.00B | $1.50B | $2.00B | $698.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-018265.
Others in SIC 5731
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| IZM | ICZOOM Group Inc. | — | — | 5.1% |