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Best Buy Co., Inc. offers technology products and solutions in the United States, Canada, and internationally. The company provides computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters that includes home theater accessories, soundbars, and televisions. It also offers appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, vacuums, and personal care; entertainment products consisting of drones, peripherals, gaming, toys, and virtual reality, as well as hardware and software, and augmented reality glasses and other software products; and other products, such as baby, food and beverage, luggage, and outdoor living products. In addition, the company provides delivery, installation, marketplace commissions, memberships, repair, set-up, technical support, health-related, and warranty-related services. It offers its products through stores and websites under the 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, Home, TechLiquidators, and Yardbird brand names, as well as domain names comprising bestbuy.com, lively.com, techliquidators.com, yardbird.com, bestbuy.ca, and techliquidators.ca. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated in 1966 and is headquartered in Richfield, Minnesota.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $41.7B | $2.3B | $1.1B | $1.3B | 36.1% | 0.4% | 15.3% |
| 2025 | $41.5B | $2.2B | $927M | $1.4B | 33.0% | -4.4% | -25.3% |
| 2024 | $43.5B | $2.6B | $1.2B | $675M | 40.6% | -6.1% | -12.5% |
| 2023 | $46.3B | $2.7B | $1.4B | $894M | 50.8% | - | - |
| 2022 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 46,298 | 43,452 | 41,528 | 41,691 |
| Operating Revenue | - | 46,298 | 43,452 | 41,528 | 41,691 |
| Cost Of Revenue | - | 36,386 | 33,849 | 32,143 | 32,318 |
| Gross Profit | - | 9,912 | 9,603 | 9,385 | 9,373 |
| Operating Expense | - | 7,970 | 7,876 | 7,651 | 7,623 |
| Selling General And Administration | - | 7,970 | 7,876 | 7,651 | 7,623 |
| Total Expenses | - | 44,356 | 41,725 | 39,794 | 39,941 |
| Operating Income | - | 1,942 | 1,727 | 1,734 | 1,750 |
| Total Operating Income As Reported | - | 1,795 | 1,574 | 1,262 | 1,389 |
| EBITDA | - | 2,741 | 2,596 | 2,212 | 2,282 |
| Normalized EBITDA | - | 2,860 | 2,650 | 2,600 | 2,581 |
| EBIT | - | 1,823 | 1,673 | 1,346 | 1,451 |
| Interest Expense | - | 35 | 52 | 51 | 47 |
| Net Interest Income | - | -35 | -52 | -51 | -47 |
| Other Income Expense | - | -119 | -54 | -388 | -299 |
| Interest Expense Non Operating | - | 35 | 52 | 51 | 47 |
| Net Non Operating Interest Income Expense | - | -35 | -52 | -51 | -47 |
| Pretax Income | - | 1,788 | 1,621 | 1,295 | 1,404 |
| Tax Provision | - | 370 | 381 | 372 | 337 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -24.63 | -12.69 | -111.46 | -71.77 |
| Net Income Continuous Operations | - | 1,419 | 1,241 | 927 | 1,069 |
| Net Income From Continuing And Discontinued Operation | - | 1,419 | 1,241 | 927 | 1,069 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,419 | 1,241 | 927 | 1,069 |
| Net Income | - | 1,419 | 1,241 | 927 | 1,069 |
| Net Income Common Stockholders | - | 1,419 | 1,241 | 927 | 1,069 |
| Net Income Including Noncontrolling Interests | - | 1,419 | 1,241 | 927 | 1,069 |
| Normalized Income | - | 1,513.37 | 1,282.31 | 1,203.54 | 1,296.23 |
| Diluted NI Availto Com Stockholders | - | 1,419 | 1,241 | 927 | 1,069 |
| Basic Average Shares | - | 224.80 | 217.70 | 215.20 | 211 |
| Diluted Average Shares | - | 225.70 | 218.50 | 216.60 | 212.10 |
| Reconciled Depreciation | - | 918 | 923 | 866 | 831 |
| Reconciled Cost Of Revenue | - | 36,386 | 33,849 | 32,143 | 32,318 |
| Total Unusual Items | - | -119 | -54 | -388 | -299 |
| Total Unusual Items Excluding Goodwill | - | -119 | -54 | -388 | -299 |
| Earnings From Equity Interest Net Of Tax | - | 1 | 1 | 4 | 2 |
| Special Income Charges | - | -147 | -132 | -472 | -367 |
| Gain On Sale Of Business | - | 0 | 21 | 0 | -6 |
| Impairment Of Capital Assets | - | 0 | 0 | 475 | 171 |
| Restructuring And Mergern Acquisition | - | 147 | 153 | -3 | 190 |
| Gain On Sale Of Security | - | 28 | 78 | 84 | 68 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Best Buy Co., Inc.this co. | BBY | $15.0B | 13.99 | 5.05 | 36.1% | 7.60 |
| Amcor plc | AMCR | $17.4B | 34.06 | 1.48 | 4.4% | 17.86 |
| NVR, Inc. | NVR | $16.7B | 12.45 | 4.31 | 34.7% | 8.71 |
| Aptiv PLC | APTV | $15.4B | 93.52 | 1.68 | 1.8% | 9.54 |
| Tractor Supply Company | TSCO | $15.4B | 14.05 | 5.97 |
| - |
| - |
| - |
| - |
| - |
| 42.5% |
| 10.78 |
| Deckers Outdoor Corporation | DECK | $15.1B | 14.78 | 6.05 | 41.0% | 9.68 |
| lululemon athletica inc. | LULU | $14.9B | 9.46 | 3.01 | 31.8% | 5.51 |
| Ball Corporation | BALL | $14.0B | 15.39 | 2.59 | 16.8% | 9.61 |
| Genuine Parts Company | GPC | $13.7B | 208.08 | 3.10 | 1.5% | 26.24 |
| Peer Median | - | 15.08 | 3.06 | 24.3% | 9.65 | |