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. In the quarter to July 2026, revenue grew 3.61%, EPS grew 69.3%, free cash flow grew 28.4% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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Best Buy Co., Inc. (BBY) Altman Z-score
Best Buy Co., Inc.'s Altman Z-score for fiscal 2026 is 4.18, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 4.18 | (0.09) |
| FY2025 | 4.27 | (0.03) |
| FY2024 | 4.30 | (0.13) |
| FY2023 | 4.43 | (0.32) |
| FY2022 | 4.75 | 0.25 |
| FY2021 | 4.50 | (0.18) |
| FY2020 | 4.68 | (0.60) |
| FY2019 | 5.28 | (0.34) |
| FY2018 | 5.63 | 0.67 |
| FY2017 | 4.95 | 0.37 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.06 | — | 0.07 | |
| Retained earnings / total assets | 0.18 | — | 0.25 | |
| EBIT / total assets | 0.09 | — | 0.31 | |
| Market value of equity / total liabilities | 1.17 | — | 0.70 | |
| Sales / total assets | 2.84 | — | 2.84 | |
| Altman Z-score | Safe zone | 4.18 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.85 | ||
Z and Z″ put Best Buy Co., Inc. in different zones: safe zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| WSM Williams-Sonoma, Inc. compare | 7.3× |
| ULTA Ulta Beauty Inc. compare | 7.1× |
| MUSA Murphy USA Inc. compare | 6.9× |
| CASY Casey's General Stores, Inc. compare | 6.6× |
| TSCO Tractor Supply Company compare | 4.8× |
| FIVE Five Below, Inc. compare | 4.4× |
| BBY Best Buy Co., Inc. | 4.2× |
| GME GameStop Corp. compare | 2.8× |
| DKS DICK'S Sporting Goods, Inc. compare | 2.8× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on BBY
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement