Unless the context otherwise requires, the terms “we,” “us,” “our” and the “company” in this Annual Report on Form 10-K refer to Best Buy Co., Inc. and, as applicable, its consolidated subsidiaries. Any references to our website addresses do not constitute incorporation by reference of the information contained on the websites. Description of Business 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. Segments and Geographic Areas We have two reportable segments: Domestic and International.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 41.5B | 43.5B | 46.3B | 51.8B | 47.3B |
| Net Income | 1.1B | 927M | 1.2B | 1.4B | 2.5B | 1.8B |
| EPS | $5.24 | $4.28 | $5.68 | $6.29 | $9.84 | $6.84 |
| Free Cash Flow | 1.3B | 1.4B | 675M | 894M | 2.5B | 4.2B |
| ROIC | 49.4% | 110.4% | 90.1% | 595.7% | 81.5% | 39.4% |
| Gross Margin | - | 22.6% | 22.1% | 21.4% | 22.5% | 22.4% |
| Debt/Equity | 0.41 | 0.41 | 0.39 | 0.43 | 0.44 | 0.30 |
| Dividends/Share | $4.77 | $3.76 | $3.68 | $3.52 | $2.80 | $2.16 |
| Operating Income | 1.5B | 1.3B | 1.6B | 1.8B | 3.0B | 2.4B |
| Operating Margin | 0.0% | 3.0% | 3.6% | 3.9% | 5.9% | 5.1% |
| ROE | 40.2% | 31.6% | 40.6% | 50.8% | 81.3% | 39.2% |
| Shares Outstanding | 211M | 217M | 218M | 226M | 249M | 263M |
BEST BUY CO INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
BEST BUY CO INC trades at 9.6x trailing earnings, compared to its 15-year median P/E of 11.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 11.5x vs a median of 10.0x. The company's 5-year average ROIC is 80.3% with a gross margin of 22.2%. Total shareholder yield (dividends + buybacks) is 11.7%. At current prices, the estimated annualized return to fair value is -15.6%.
BEST BUY CO INC (BBY) has a current P/E ratio of 9.6, compared to its historical median P/E of 11.9. The stock is currently considered Fair based on its historical valuation range.
BEST BUY CO INC (BBY) has a 5-year average return on invested capital (ROIC) of 80.3%. This indicates strong capital allocation and a potential competitive advantage.
BEST BUY CO INC (BBY) has a market capitalization of $12.9B. It is classified as a large-cap stock.
Yes, BEST BUY CO INC (BBY) pays a dividend with a trailing twelve-month yield of 7.84%. The company also returns capital through share buybacks, with a buyback yield of 3.89%.
Based on historical P/E analysis, BEST BUY CO INC (BBY) appears fair. The current P/E of 9.6 is 19% below its historical median of 11.9. The estimated fair value CAGR (P/E method) is -0.7%.
BEST BUY CO INC (BBY) operates in the Retail-Radio, Tv & Consumer Electronics Stores industry, within the Consumer Cyclical sector.
BEST BUY CO INC (BBY) reported annual revenue of $41.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
BEST BUY CO INC (BBY) has a net profit margin of 2.2%. This is a modest margin.
BEST BUY CO INC (BBY) generated $1.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BEST BUY CO INC (BBY) has a debt-to-equity ratio of 0.41. This indicates a conservatively financed balance sheet.
BEST BUY CO INC (BBY) reported earnings per share (EPS) of $4.28 in its most recent fiscal year.
BEST BUY CO INC (BBY) has a return on equity (ROE) of 31.6%. This indicates the company generates strong returns for shareholders.
BEST BUY CO INC (BBY) has a 5-year average gross margin of 22.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for BEST BUY CO INC (BBY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BEST BUY CO INC (BBY) has a book value per share of $12.96, based on its most recent annual SEC filing.