BBYNYSERetail-Radio, Tv & Consumer Electronics StoresFiscal year ends January 30
BEST BUY CO INC
Financials through Q2 FY2027, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 4, 2026
$91.13−1.50 (-1.62%)
Close on Oct 19, 2026
- Market cap
- $19.38B
- P/E (TTM)
- 15.1
- Dividend yield
- 4.17%
Margins
Share of revenue, fiscal years 2010 to 2026
Gross margin
22.5%+0.1 pts over 5 years
Operating margin
3.3%−1.7 pts over 5 years
Net margin
2.6%−1.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.4% | -3.4% | -2.5% | +0.5% | |
| Gross profit | -0.1% | -1.8% | -2.4% | +0.2% | |
| Operating income | +10.1% | -8.2% | -10.3% | +0.1% | |
| Net income | +15.3% | -9.0% | -9.9% | +1.8% | |
| EPS, diluted | +17.8% | -7.1% | -5.9% | +7.0% | |
| Free cash flow | -9.6% | +12.1% | -21.5% | +6.1% | |
| Dividend per share | +1.1% | +2.6% | +11.6% | +10.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 27.0% | 44.6% | 37.0% | |
| Return on assets | 9.0% | 10.4% | 7.3% | |
| Current ratio | 1.48 | 1.19 | 1.11 | |
| Debt to equity | 0.29 | 0.30 | 0.40 | |
| Net debt to EBITDA | -0.43× | -1.32× | -0.25× | |
| Interest coverage | 25.8× | 46.0× | 29.6× | |
| Inventory turnover | 6.0× | 6.8× | 6.3× | |
| Capex to revenue | 1.5% | 1.5% | 1.7% | |
| Diluted shares | 323M | 263M | 212M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Best Buy generated $10.61B from operations and spent $13.39B on capital expenditure, dividends and share buybacks. 29% of that went back into the business.
Generated
$10.61B
Used
$13.39B
Capital expenditure$3.87B29%Dividends$3.89B29%Share buybacks$5.63B42%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.6%
×Asset turnover2.83×
×Equity multiplier5.10×
=Return on equity, FY202637.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 2.6% | 2.83× | 5.10× | 37.0% |
| FY2025 | 2.2% | 2.79× | 5.08× | 31.6% |
| FY2024 | 2.9% | 2.82× | 5.26× | 42.4% |
| FY2023 | 3.1% | 2.78× | 5.73× | 48.8% |
| FY2022 | 4.7% | 2.83× | 4.81× | 64.5% |
| FY2021 | 3.8% | 2.73× | 4.30× | 44.6% |
| FY2020 | 3.5% | 3.06× | 4.20× | 45.4% |
| FY2019 | 3.4% | 3.30× | 3.75× | 42.3% |
| FY2018 | 2.4% | 3.13× | 3.23× | 24.0% |
| FY2017 | 3.1% | 2.88× | 3.01× | 27.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.07B
- Cash generatingOperating cash flow above zero$1.96B
- Return on assets improvedROA up on the prior year6.2% → 7.2%
- Earnings backed by cashOperating cash flow above net income$1.96B vs $1.07B
- Less leverageLong-term debt to assets fell7.7% → 7.9%
- Better liquidityCurrent ratio rose1.03 → 1.11
- No dilutionShare count did not rise217M → 212M
- Gross margin improvedGross margin up on the prior year22.60% → 22.48%
- More efficientAsset turnover rose2.77 → 2.82