Best Buy Co., Inc.

BBY Consumer Cyclical Specialty Retail

Best Buy Co., Inc.’s revenue for fiscal 2026 (year ended January 2026) was $41.7 billion, roughly unchanged from fiscal 2025.

Revenue
+3.61%
EPS
+69.3%
Free cash flow
+28.4%
Total debt
−0.43%

Quarter to July 2026, against a year earlier

99.39 1.97 −1.94%
Market cap
$20.9B
P/E
16.4×
Fwd P/E
14.3×
Dividend yield
3.85%
F-score
7/9
Altman Z
4.18
Beneish M
−2.76
Dividend safety
73/100

Revenue by segment Fiscal 2026

  • Domestic
  • International

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 194.67
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 6 — 2 2 1 — 2 — —
Insider Ownership 6.69%

Capital & Financial Ratios $m

Size
Market Cap 20,850.00
Revenue ttm 42,201.00
Net income ttm 1,272.00
Free cash flow ttm 1,768.00
Net debt Q (1,086.00)
Valuation
P/E 16.43
Forward P/E 14.30
Price / sales 0.50
Forward P/S Powerpack
Price / FCF 11.88
Price / book 6.60 (above 6: high)
Financial health
Current ratio Q 1.12
Debt / equity Q 0.37 (at or below 0.5: strong)
Interest coverage Q 38.27
Growth
Revenue growth Q +3.61% (above 0%: growing)
Operating income growth Q +67.73% (above 0%: growing)
EPS, this year +5.90%
EPS, next year A +6.08%
Revenue, next year A +2.34%
EPS, past 5 yrs −5.92% (below 0%: weak)
EPS, next 5 yrs A +6.67%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 76.60%
10-year low 10-year high
P/S against its own 10 years 77.89%
10-year low 10-year high
P/B against its own 10 years 80.60%
10-year low 10-year high
EV/Sales against its own 10 years 79.54%
10-year low 10-year high
EV/FCF against its own 10 years 51.04%
10-year low 10-year high

Dividends raised every year since 2017

Yield
3.85%
Annual rate
3.83
Payout ratio
63.7%
Growth, 2017–25
+13.7%/yr
  1. 1.36 ’17
  2. 1.80 ’18 +32
  3. 2.00 ’19 +11
  4. 2.20 ’20 +10
  5. 2.80 ’21 +27
  6. 3.52 ’22 +26
  7. 3.68 ’23 +5
  8. 3.76 ’24 +2
  9. 3.80 ’25 +1
  10. 3.83 ’26e +1
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,447 1,578 1,738 2,255
Receivables 939 1,044 1,043 922
Inventory 4,958 5,085 5,230 6,296
Other 553 517 493 508
7,897 8,224 8,504 9,981
2024 2025 2026 Q'26
Payables 4,637 4,980 4,745 6,026
ST’ Debt 13 10 11 11
Other 253 253 235 216
7,909 8,016 7,679 8,936

Compound Annual Growth %

10y 5y 3y
Sales 0.53% (2.48%) (3.43%)
Cash Flow 3.86% (16.82%) 2.46%
Earnings 1.77% (9.88%) (9.01%)
Book Value (3.83%) (8.36%) 1.98%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Apr Jul Oct Jan Year
’26 1.31 1.48 — — —
’26 0.95 0.87 0.66 2.56 5.04
’25 1.13 1.34 1.26 0.54 4.28
’24 1.11 1.25 1.21 2.12 5.68
’23 1.49 1.35 1.22 2.23 6.29
’22 2.32 2.90 2.00 2.62 9.84
’21 0.61 1.65 1.48 3.10 6.84
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 8,936 9,779 — — —
’26 8,767 9,438 9,672 13,814 41,691
’25 8,847 9,288 9,445 13,948 41,528
’24 9,467 9,583 9,756 14,646 43,452
’23 10,647 10,329 10,587 14,735 46,298
’22 11,637 11,849 11,910 16,365 51,761
’21 8,562 9,910 11,853 16,937 47,262
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 375 921 — — —
’26 34 749 (99) 1,278 1,962
’25 156 661 (256) 1,537 2,098
’24 (331) 512 109 1,180 1,470
’23 (1,384) 675 601 1,932 1,824
’22 105 759 197 2,191 3,252
’21 827 2,961 119 1,020 4,927
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 215 737 — — —
’26 (132) 574 (287) 1,103 1,258
’25 4 478 (449) 1,359 1,392
’24 (535) 321 (108) 997 675
’23 (1,599) 449 346 1,698 894
’22 (56) 597 (28) 2,002 2,515
’21 649 2,799 (75) 841 4,214
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −0.9% a year for ten years. It grew −0.4% a year over the last ten.

Implied
−0.9%
10 years, reported
−0.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 39,403 42,151 42,879 43,638 47,262 51,761 46,298 43,452 41,528 41,691 42,201 +0.6% 42,668 43,379 43,986 +1.8%
Gross margin, % 23.96 23.43 23.23 23.03 22.37 22.49 21.41 22.10 22.60 22.48 22.68 (1.5) pt
EBT 1,816 1,817 1,888 1,993 2,377 3,024 1,788 1,621 1,295 1,404 1,737 (2.8%)
EBT margin, % 4.61 4.31 4.40 4.57 5.03 5.84 3.86 3.73 3.12 3.37 4.12 (1.2) pt
Net income 1,228 1,000 1,464 1,541 1,798 2,454 1,419 1,241 927 1,069 1,272 (1.5%)
Per share, $
Per share, $ Revenue 123.71 140.32 155.13 164.73 182.06 209.73 205.95 199.60 192.97 197.59 199.72 +5.3%
Earnings 3.86 3.33 5.30 5.82 6.93 9.94 6.31 5.70 4.31 5.06 6.05 +3.1%
Cash flow 8.03 7.13 8.71 9.68 18.98 13.18 8.11 6.75 9.75 9.30 11.71 +1.6%
Capex (1.82) (2.29) (2.96) (2.80) (2.75) (2.99) (4.14) (3.65) (3.28) (3.34) (3.35) +7.0%
Free cash flow 6.21 4.84 5.75 6.88 16.23 10.19 3.98 3.10 6.47 5.96 8.37 (0.4%)
Book value 14.78 12.02 11.96 13.13 17.67 12.24 12.43 14.02 13.05 14.05 15.06 (0.6%)
Shares, m 319 300 276 265 260 247 225 218 215 211 211 (4.5%)
Valuation, ×
Valuation, × P/E 11.47 21.74 11.05 14.45 15.56 9.98 14.02 12.72 19.92 12.97 16.43 14.4
P/S 0.36 0.52 0.38 0.51 0.59 0.47 0.43 0.36 0.44 0.33 0.50 0.4
P/B 3.01 6.08 4.95 6.45 6.09 8.11 7.14 5.17 6.58 4.69 6.60 5.8
EV/Sales 0.30 0.48 0.37 0.49 0.50 0.44 0.42 0.36 0.43 0.32 0.47 0.4
EV/FCF 5.88 13.88 9.93 11.79 5.66 9.06 21.53 22.96 12.97 10.61 11.26 12.4
Cash, $m
Cash, $m Operating cash flow 2,557 2,141 2,408 2,565 4,927 3,252 1,824 1,470 2,098 1,962 2,475 (2.9%)
Capex (580) (688) (819) (743) (713) (737) (930) (795) (706) (704) (707) +2.2%
Free cash flow 1,977 1,453 1,589 1,822 4,214 2,515 894 675 1,392 1,258 1,768 (4.9%)
Balance, $m
Balance, $m Working capital 3,394 2,012 1,357 797 2,019 (135) (177) (12) 208 825 1,045 (14.5%)
Net debt (2,556) (1,778) (592) (958) (4,117) (1,707) (698) (282) (424) (562) (1,086) (15.5%)
Shareholders’ equity 4,709 3,612 3,306 3,479 4,587 3,020 2,795 3,053 2,808 2,964 3,183 (5.0%)
Returns, %
Returns, % ROA 8.97 7.43 11.28 10.82 10.38 13.42 8.52 8.07 6.23 7.26 8.11 (1.7) pt
ROIC 53.82 62.81 43.75 49.81 317.95 144.66 53.50 35.50 33.09 36.14 50.97 (17.7) pt
ROE 27.03 24.04 42.32 45.42 44.58 64.52 48.80 42.44 31.63 37.04 43.13 +10.0 pt
People
People Employees 125,000 125,000 125,000 125,000 102,000 105,000 90,000 85,000 85,000 82,000 — (4.6%)
Revenue/emp, $m 0.32 0.34 0.34 0.35 0.46 0.49 0.51 0.51 0.49 0.51 — +5.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Business profile

Updated

Best Buy is a consumer-technology retailer founded in 1966 and headquartered in Richfield. It sells technology products and related services to people shopping online, in stores, or through delivery and in-home visits across the U.S. and Canada.

Its merchandise spans computing and mobile phones, consumer electronics, appliances, entertainment products, and other goods such as baby, food and beverage, and outdoor-living products. Computing includes desktops, notebooks, peripherals, tablets, networking equipment and wearables. Consumer electronics include televisions, home theater equipment, headphones, portable speakers, digital imaging, smart-home, health and fitness products. Entertainment includes gaming hardware, software and peripherals, drones, toys, virtual-reality products and augmented-reality glasses.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Domestic 38,278 91.81%
International 3,413 8.19%
Gross margin 22.48%
Operating margin 3.33%
Pre-tax margin 3.37%

Revenue by segment since 2009

Best Buy Co., Inc. vs peers in Specialty Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WSM Williams-Sonoma, Inc. $30.5B 26.1× 25.4× +6.70% (above 0%: growing) +41.38% (above 0%: growing) +108.42% (above 0%: growing) 51.64% 22.90% Compare
ULTA Ulta Beauty Inc. $27.8B 23.5× 22.1× +8.87% (above 0%: growing) +13.28% (above 0%: growing) +96.46% (above 0%: growing) 39.10% 12.51% Compare
CASY Casey's General Stores, Inc. $25.5B 33.1× 31.9× +24.33% (above 0%: growing) +27.59% (above 0%: growing) −30.95% (below 0%: shrinking) 21.82% 6.50% Compare
BBY Best Buy Co., Inc. $20.9B 16.4× 14.3× +3.61% (above 0%: growing) +69.32% (above 0%: growing) +28.40% (above 0%: growing) 23.91% 4.31%
TSCO Tractor Supply Company $19.1B 19.6× 17.9× +5.15% (above 0%: growing) −12.24% (below 0%: shrinking) +30.28% (above 0%: growing) 36.44% 7.87% Compare
FIVE Five Below, Inc. $13.3B 21.6× 19.3× +22.85% (above 0%: growing) +415.38% (above 0%: growing) +194.67% (above 0%: growing) 48.55% 21.83% Compare
DKS DICK'S Sporting Goods, Inc. $12.5B 14.9× 12.2× +53.21% (above 0%: growing) −26.35% (below 0%: shrinking) −55.09% (below 0%: shrinking) 34.78% 7.89% Compare
GME GameStop Corp. $12.2B 12.0× 70.5× −18.72% (below 0%: shrinking) +76.32% (above 0%: growing) +115.70% (above 0%: growing) 43.66% 20.27% Compare
MUSA Murphy USA Inc. $9.3B 14.3× 15.3× +34.83% (above 0%: growing) +41.29% (above 0%: growing) +185.48% (above 0%: growing) 10.36% 3.78% Compare
Median of peers $16.2B 20.6× 20.7× +15.86% +34.44% +102.44% 37.77% 10.20%

All 45 Specialty Retail stocks →

From the latest earnings call

Updated

  • Corie Barry said Q2 comparable sales rose 4.1%, led by computing, home theater and emerging categories, while traditional gaming declined.
  • Jason Bonfig said Best Buy expects continued sales growth in phones, TVs, emerging categories and appliances during the second half.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 92.92%
Held by the ten largest 47.92%
Holder Shares Stake Change
BlackRock 25.47m 12.09% +60.22k
Vanguard 24.28m 11.52% −362.21k
State Street 13.99m 6.64% +837.70k
Geode Capital Management 7.98m 3.79% +289.38k
Charles Schwab 6.87m 3.26% +705.90k
Invesco 5.08m 2.41% −421.52k
JPMorgan Chase 4.84m 2.29% −291.59k
Goldman Sachs 4.42m 2.10% +311.67k
UBS 4.28m 2.03% −1.10m
AQR Capital Management 3.80m 1.80% −2.33m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 30 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 17.35m 2.73m 74.07
2025 16.15m 19.51m 92.71
2024 14.44m 9.24m 78.35
2023 12.84m 3.25m 83.94
2022 15.63m 8.69m 92.07

Ownership

Directors and executive officers, together 0.50%
BlackRock, Inc. 11.08%
State Street Corporation 6.69%
Richard M. Schulze, Founder and Chairman Emeritus 6.43%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Best Buy Co., Inc. (BBY) Latest News

29 Oct

26 Oct

20 Oct

Impact 4 · · Business Wire

14 Oct

12 Oct

Impact 4 · · TheStreet

29 Sep

Impact 4 · · retaildive.com

27 Sep

23 Sep

BBY metrics, ten years each

stockrow.com/BBY · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com