Tearsheet

Best Buy (BBY)

Market Price (12/20/2025): $71.445 | Market Cap: $15.1 Bil
Sector: Consumer Discretionary | Industry: Computer & Electronics Retail

Best Buy (BBY)

Market Price (12/20/2025): $71.445
Market Cap: $15.1 Bil
Sector: Consumer Discretionary
Industry: Computer & Electronics Retail

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.6%, Dividend Yield is 5.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.4%, FCF Yield is 10%	Weak multi-year price returns 2Y Excs Rtn is -43%, 3Y Excs Rtn is -68%	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4%
1	Attractive cash flow generation CFO LTM is 2.2 Bil		Key risks BBY key risks include [1] intense competition from dominant online platforms and [2] the "showrooming effect" where customers use its physical stores for product research before purchasing from a competitor.
2	Low stock price volatility Vol 12M is 43%
3	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Digital Health & Telemedicine. Themes include Online Marketplaces, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.6%, Dividend Yield is 5.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.4%, FCF Yield is 10%
1	Attractive cash flow generation CFO LTM is 2.2 Bil
2	Low stock price volatility Vol 12M is 43%
3	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Digital Health & Telemedicine. Themes include Online Marketplaces, Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -43%, 3Y Excs Rtn is -68%
5	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4%
6	Key risks BBY key risks include [1] intense competition from dominant online platforms and [2] the "showrooming effect" where customers use its physical stores for product research before purchasing from a competitor.

Valuation, Metrics & Events

	12/20/25	2024	2023	2022
Share Price CYE	$71.44	$81.42	$71.20	$69.46
Market Cap CYE ($ Bil)	15.1	17.5	15.5	15.7
Total Debt ($ Bil)	4.1	4.1	4.0	4.0
Total Cash ($ Bil)	0.9	1.6	1.4	1.9
Enterprise Value ($ Bil)	18.2	21.6	19.5	19.7
Valuation Ratios
P/S TTM	0.4	0.4	0.4	0.4
P/EBIT TTM	15.8	13.7	10.2	9.9
P/E TTM	23.3	19.9	13.7	12.7
P/FCF TTM	9.9	13.3	25.2	20.2
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8
P/EBIT TTM (Sector)	7.8	8.2	7.7	6.3
P/E TTM (Sector)	10.3	11.1	10.3	8.4
P/FCF TTM (Sector)	11.4	12.5	9.4	7.2

	12/20/25	2024	2023
Share Price CYE	$71.44	$81.42	$71.20
Market Cap CYE ($ Bil)	15.1	17.5	15.5
Total Debt ($ Bil)	4.1	4.1	4.0
Total Cash ($ Bil)	0.9	1.6	1.4
Enterprise Value ($ Bil)	18.2	21.6	19.5
Valuation Ratios
P/S TTM	0.4	0.4	0.4
P/EBIT TTM	15.8	13.7	10.2
P/E TTM	23.3	19.9	13.7
P/FCF TTM	9.9	13.3	25.2
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.8	8.2	7.7
P/E TTM (Sector)	10.3	11.1	10.3
P/FCF TTM (Sector)	11.4	12.5	9.4

	BBY	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	41.8
Rev Chg Q	2.4%	7.3%
Rev Chg LTM	-0.9%	6.0%
Rev Chg 3Y Avg	-4.4%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	1.7
CFO LTM ($ Bil)	2.2
Net Inc LTM ($ Bil)	0.6
Op Mgn LTM	4.2%	18.8%
CFO/Rev LTM	5.3%	20.4%
Net Inc Mgn	1.5%	13.1%
VALUATION	LOW
P/S	0.4	3.2
P/CFO	6.8	15.5
P/FCF	9.9	20.7
P/E	23.3	23.5
STABILITY	GOOD
Debt/Equity	0.27	0.21
Cash/Assets	0.05	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Domestic online revenue as a percentage of total domestic revenue	32.8%	8022025	Link
Enterprise comparable sales growth	1.6%	8022025	Link
Number of U.S. stores	1054	10152025	Link
U.S. employee turnover rate	28%	7242025	Link
Paid My Best Buy Plus and Total members	nearly 8 million	3072025	Link
Carbon emission reduction (Scope 1 and 2) vs. 2009 baseline	74%	7242025	Link
Net Promoter Score (NPS)	43	3312025	Link
Waste diversion rate from U.S. operations	69%	7232025	Link
U.S. Consumer Electronics Market Share (Dollar Share)	31%	6112024	Link

Recent
11/25/2025	Earnings Release	Rev: $9.0 Bil (A) vs. $9.0 Bil (E) EPS: 1.40 (A) vs. $1.31 (E)
12/16/2025	Dividend	Amount: $0.95 Payment On: 1/06/2026
Upcoming
3/03/2026	Earnings Release	Rev: - EPS: -

BBY Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are five key points explaining Best Buy's (BBY) stock movement of approximately 0.1% during the period from August 31, 2025, to December 21, 2025: **1. Mixed Analyst Sentiment and Coverage** Around December 19, 2025, Best Buy's stock experienced a slight 0.10% increase in extended trading. This movement was attributed to a blend of analyst actions, including upward revisions to multi-quarter and fiscal year estimates from Zacks that provided support, partially balanced by a price-target cut from Truist and a minor adjustment to a near-term quarter from Zacks.

**2. Q2 FY26 Earnings Report and Balanced Market Reaction** On August 28, 2025, Best Buy reported its second-quarter fiscal year 2026 results, showing a comparable sales growth of 1.6%, which was its highest in three years, and surpassed EPS expectations. Despite these positive results, the stock "slipped in early trading" on the day of the announcement, indicating a nuanced investor reaction where strong performance was potentially weighed against other market factors or outlooks, leading to minimal overall impact over the broader period.

**3. Consistent Quarterly Cash Dividend Announcements** Best Buy maintained investor confidence by announcing its regular quarterly cash dividends on August 29, 2025, and again on November 26, 2025. The consistency of these dividend payouts typically signals financial stability and can provide a steady, albeit small, supportive factor for the stock price.

**4. Strategic Appointments to the Board of Directors** During the period, Best Buy made key appointments to its Board of Directors, with Meghan Frank joining on September 12, 2025, and Dylan Jadeja on December 1, 2025. Changes in corporate governance and the introduction of new expertise can subtly influence investor perceptions of the company's future strategic direction and leadership, contributing to minor shifts in valuation.

**5. Nuanced Impact of Q3 FY26 Earnings and Revised Outlook** Best Buy's Q3 FY26 earnings, reported on November 25, 2025, initially caused the stock to rise by 1.82% in pre-market trading due to exceeding EPS and revenue forecasts. However, subsequent reports indicated the stock was down by 4.5% to 5.5% since the earnings release, trading around $71-$72. This mixed reaction, coupled with a cautious Q4 comparable sales outlook despite an overall upward revision to annual sales and profit forecasts, suggests a complex interplay of factors that could result in a very small net movement over a more extended duration as the market fully processes various financial indicators and forward-looking statements.

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Stock Movement Drivers

Fundamental Drivers

The 0.2% change in BBY stock from 9/20/2025 to 12/20/2025 was primarily driven by a 20.4% change in the company's P/E Multiple.

	9202025	12202025	Change
Stock Price ($)	71.29	71.44	0.22%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	41598.00	41825.00	0.55%
Net Income Margin (%)	1.87%	1.54%	-17.55%
P/E Multiple	19.38	23.34	20.43%
Shares Outstanding (Mil)	211.50	210.70	0.38%
Cumulative Contribution			0.22%

LTM = Last Twelve Months as of date shown

Market Drivers

9/20/2025 to 12/20/2025

	Return	Correlation
BBY	0.8%
Market (SPY)	2.5%	60.0%
Sector (XLY)	1.1%	56.0%

Fundamental Drivers

The 8.6% change in BBY stock from 6/21/2025 to 12/20/2025 was primarily driven by a 47.8% change in the company's P/E Multiple.

	6212025	12202025	Change
Stock Price ($)	65.79	71.44	8.59%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	41448.00	41825.00	0.91%
Net Income Margin (%)	2.13%	1.54%	-27.61%
P/E Multiple	15.80	23.34	47.75%
Shares Outstanding (Mil)	212.00	210.70	0.61%
Cumulative Contribution			8.59%

LTM = Last Twelve Months as of date shown

Market Drivers

6/21/2025 to 12/20/2025

	Return	Correlation
BBY	9.2%
Market (SPY)	14.8%	51.7%
Sector (XLY)	16.1%	53.1%

Fundamental Drivers

The -12.0% change in BBY stock from 12/20/2024 to 12/20/2025 was primarily driven by a -48.7% change in the company's Net Income Margin (%).

	12202024	12202025	Change
Stock Price ($)	81.19	71.44	-12.00%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	42226.00	41825.00	-0.95%
Net Income Margin (%)	3.01%	1.54%	-48.73%
P/E Multiple	13.73	23.34	69.97%
Shares Outstanding (Mil)	214.80	210.70	1.91%
Cumulative Contribution			-12.03%

LTM = Last Twelve Months as of date shown

Market Drivers

12/20/2024 to 12/20/2025

	Return	Correlation
BBY	-11.5%
Market (SPY)	16.1%	63.8%
Sector (XLY)	7.4%	63.6%

Fundamental Drivers

The 2.3% change in BBY stock from 12/21/2022 to 12/20/2025 was primarily driven by a 129.8% change in the company's P/E Multiple.

	12212022	12202025	Change
Stock Price ($)	69.82	71.44	2.32%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	47928.00	41825.00	-12.73%
Net Income Margin (%)	3.23%	1.54%	-52.32%
P/E Multiple	10.16	23.34	129.76%
Shares Outstanding (Mil)	225.50	210.70	6.56%
Cumulative Contribution			1.88%

LTM = Last Twelve Months as of date shown

Market Drivers

12/21/2023 to 12/20/2025

	Return	Correlation
BBY	4.2%
Market (SPY)	47.1%	51.0%
Sector (XLY)	36.8%	51.1%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BBY Return	17%	4%	-17%	3%	14%	-12%	4%
Peers Return	36%	20%	-25%	22%	29%	-2%	90%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
BBY Win Rate	58%	42%	25%	42%	58%	50%
Peers Win Rate	58%	58%	37%	60%	68%	50%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
BBY Max Drawdown	-42%	-2%	-36%	-19%	-10%	-34%
Peers Max Drawdown	-24%	-6%	-36%	-12%	-7%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AMZN, WMT, HD, TGT, BBY. See BBY Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/19/2025 (YTD)

How Low Can It Go

Unique Key	Event	BBY	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-54.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	119.6%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-44.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	81.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	121 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-41.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	71.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	351 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-67.4%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	206.4%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	3,108 days	1,480 days

Compare to AMZN, WMT, HD, TGT, BBY

In The Past

Best Buy's stock fell -54.5% during the 2022 Inflation Shock from a high on 11/22/2021. A -54.5% loss requires a 119.6% gain to breakeven.

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About Best Buy (BBY)

Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing 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, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, it had 1,144 stores. The company was formerly known as Sound of Music, Inc. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies for Best Buy (BBY):

The Target or Walmart for consumer electronics and home appliances.
The brick-and-mortar Amazon for electronics.
The Home Depot for electronics and appliances.

AI Generated Analysis | Feedback

Consumer Electronics: Best Buy sells a wide range of new consumer electronics, including televisions, computers, mobile phones, home appliances, and gaming systems.
Geek Squad Services: Provides tech support, installation, setup, repair, and protection plans for various electronics, both in-store and in-home.
Home Delivery & Installation: Offers professional delivery, setup, and installation services for large appliances, televisions, and home theater systems.
Membership Programs: Provides tiered membership options (e.g., My Best Buy Plus, My Best Buy Totaltech) offering benefits like exclusive pricing, extended return windows, free shipping, and dedicated tech support.

AI Generated Analysis | Feedback

Best Buy (symbol: BBY) primarily sells to **individuals** (consumers). Below are up to three categories of customers that it serves: ```html

Best Buy (symbol: BBY) primarily sells to individuals (consumers). Below are up to three categories of customers that it serves:

Everyday Consumers: This broad category includes individuals and families seeking a wide range of electronics for daily life, such as new smartphones, laptops for work or school, televisions, small kitchen appliances, and basic home electronics. They often prioritize convenience, competitive pricing, and accessible product information.
Tech Enthusiasts & Gamers: This segment consists of customers passionate about technology, actively seeking the latest innovations, high-performance components (e.g., gaming PCs, premium audio equipment), specialized gaming accessories, smart home devices, and cutting-edge photography or video gear. They often value in-depth product knowledge and expert recommendations.
Homeowners & Appliance Shoppers: These customers are typically looking for larger, more significant purchases like major kitchen appliances (refrigerators, ovens, dishwashers), laundry machines, or comprehensive home theater systems. They often require delivery, installation services (like Best Buy's Geek Squad), and may value financing options and the ability to view products in a showroom environment.

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Apple Inc. (AAPL)
Samsung Electronics Co., Ltd. (KRX: 005930)
Microsoft Corp. (MSFT)
Sony Group Corp. (NYSE: SONY)
HP Inc. (HPQ)
Dell Technologies Inc. (DELL)
LG Electronics Inc. (KRX: 066570)
Alphabet Inc. (GOOGL)
Whirlpool Corporation (WHR)

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Corie Barry, Chief Executive Officer

Corie Barry joined Best Buy in 1999 as a financial analyst and has held various financial and operational leadership roles, including Chief Financial Officer (2016-2019) and Chief Strategic Growth Officer, before becoming CEO in June 2019. Prior to joining Best Buy, she worked as an auditor at Deloitte & Touche for two years. Barry also serves on the board of directors for Domino's Pizza.

Matt Bilunas, SEVP, Chief Financial and Strategy Officer

Matt Bilunas was appointed CFO in July 2019. He has over 13 years of experience with Best Buy, serving in various finance leadership positions such as Vice President of Enterprise and Merchandise Finance, Director of Territory Finance, Senior Director of Enterprise Finance, and Vice President of E-commerce and Marketing Finance. His responsibilities have included strategic planning, annual budgeting, monthly forecasting, and capital planning.

Jason Bonfig, SEVP, Chief Customer, Product and Fulfillment Officer

Jason Bonfig has served as a merchant at Best Buy for 20 years, overseeing all aspects of merchandising, product category management, and e-commerce for Best Buy's U.S. business, including demand planning, buying, pricing, and promotional planning. He also leads the company's Exclusive Brands private-label team.

Deborah Di Sanzo, President of Best Buy Health

Deborah Di Sanzo leads Best Buy's health technology business, focusing on enabling care at home. This includes integrated technology, personalized caring centers, technical services, logistics, supply chain, and omnichannel experiences.

Mark Irvin, Chief Supply Chain Officer

Mark Irvin is responsible for Best Buy's supply chain operations. He joined Best Buy in August 2013.

AI Generated Analysis | Feedback

The key risks to Best Buy's business include intense competition and the shift to online retail, macroeconomic headwinds leading to lengthening product replacement cycles, and the inherent narrow profit margins in the consumer electronics industry.


    
        Intense Competition and the Shift to Online Retail: Best Buy operates in a highly competitive electronics retail market, facing significant challenges from both brick-and-mortar stores and dominant online platforms like Amazon, Walmart, and Target. The rapid growth of e-commerce and a consumer shift towards online shopping pose a substantial threat to Best Buy's physical store sales. This competitive pressure also leads to a "showrooming effect," where customers visit Best Buy stores to examine products but purchase them from online competitors, often at lower prices.
    
    
        Macroeconomic Headwinds and Lengthening Product Replacement Cycles: A challenging macroeconomic environment, coupled with waning consumer spending, leads to consumers holding onto their electronic devices and appliances for longer periods. This trend directly impacts Best Buy's sales volume, as product replacement cycles for items like phones, laptops, and major appliances are extending.
    
    
        Narrow Profit Margins: The consumer electronics industry is characterized by low-profit margins, a consequence of intense competition and frequent price reductions. This financial characteristic makes it challenging for Best Buy to generate significant profits and limits its flexibility for promotions and investments, especially when facing increased pricing pressure from competitors.

AI Generated Analysis | Feedback

The increasing strategic emphasis and investment by major consumer electronics manufacturers in their direct-to-consumer (DTC) sales channels. This includes sophisticated online storefronts, exclusive product launches and bundles, and dedicated physical retail locations (e.g., Apple Stores, Samsung Experience Stores, Google Stores). These direct channels increasingly offer competitive pricing, unique promotions, and integrated service and support, challenging Best Buy's role as the primary sales and service intermediary by capturing a greater share of consumer purchases directly from the source.

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Best Buy (BBY) operates primarily in the United States and Canada, with its main addressable markets spanning several key product and service categories.

U.S. Addressable Markets for Best Buy's Main Products and Services:

Consumer Electronics: The U.S. consumer electronics market generated an estimated revenue of USD 200.36 billion in 2024 and is projected to reach USD 261.93 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.6% from 2025 to 2030. Another estimate values the U.S. consumer electronics market at USD 185.8 billion in 2024. The market for consumer electronics stores in the U.S. was approximately USD 156.6 billion in 2024 and is expected to reach USD 158.6 billion in 2025.
Home Appliances: The U.S. home appliances market was valued at USD 90.65 billion in 2024 and is expected to reach USD 181.68 billion by 2034, with a CAGR of 7.20% during the forecast period of 2025-2034. Another report states the U.S. home appliance market size was USD 129.83 billion in 2024, projected to grow to USD 204.99 billion by 2032 at a CAGR of 6.01% from 2025-2032. The U.S. household appliances market was estimated at USD 99.34 billion in 2024 and is expected to grow at a CAGR of 3.8% from 2025 to 2030.
Technology Services: The United States IT services market size is estimated at USD 490.86 billion in 2025 and is expected to reach USD 671.57 billion by 2030, growing at a CAGR of 6.47% during the forecast period. Another source projects the U.S. IT services market to advance to USD 691.57 billion by 2030 with a CAGR of 7.10%. In 2023, the U.S. IT services market was valued at USD 405.7 billion and is projected to grow to USD 695.6 billion by 2030 at a CAGR of 7.9% from 2024 to 2030.
Computing Devices: The U.S. personal computers market generated a revenue of USD 30.5 billion in 2024 and is expected to reach USD 47.1 billion by 2030, with a CAGR of 8% from 2025 to 2030. The broader U.S. IT devices market, which includes mobile devices, surpassed USD 450.77 billion in 2024 and is predicted to reach approximately USD 1,159.5 billion by 2034, registering a CAGR of 9.9% from 2025 to 2034. The overall U.S. technology market, which segments by technology into laptops, desktop computers, tablets, monitors, printers, and scanners, was valued at USD 390.94 billion in 2024 and is projected to reach USD 722.89 billion by 2032 with a CAGR of 7.99% from 2025 to 2032.
Entertainment Products: The U.S. movie and entertainment market generated a revenue of USD 29.92 billion in 2023 and is expected to reach USD 47.68 billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030. The North American entertainment content and goods market was valued at USD 73.8 billion in 2024. The U.S. online entertainment market was estimated at USD 32.79 billion in 2024 and is anticipated to be worth around USD 111.12 billion by 2034, with a CAGR of 12.96% from 2025 to 2034.

AI Generated Analysis | Feedback

Best Buy (BBY) is focusing on several key drivers to fuel future revenue growth over the next two to three years:

Omnichannel Experience Enhancements and Digital Transformation: Best Buy is strategically investing in evolving its digital solutions and integrating its unique in-store elements, such as the Geek Squad, into digital platforms to create a seamless omnichannel customer experience. This includes personalizing the app interface, streamlining online and in-home services, and leveraging physical stores as service and fulfillment centers.
Launch and Scaling of New Profit Streams: The company is actively pursuing new revenue streams, notably through the planned launch of a third-party online marketplace in the U.S. by mid-2025, which mirrors the success of its Canadian counterpart. This initiative aims to expand product assortment and introduce new categories, contributing to increased profit and unit share. Best Buy is also expanding its Best Buy Ads business, creating new opportunities for advertisers and driving traffic.
Growth in Key Product Categories Driven by Technology Innovation and Refresh Cycles: Best Buy anticipates revenue growth from specific product categories, including gaming, computing, and mobile phones, which have shown recent strength. Upcoming technology refresh cycles, such as the end of Windows 10 support and advancements in AI-powered features in computing, are expected to stimulate demand. Additionally, the launch of new innovative products, like the Nintendo Switch 2, has historically contributed to sales increases.
Expansion of Best Buy Health: Best Buy Health is a significant strategic initiative focused on providing age-in-place home health technology and services. This includes solutions addressing age-related needs, fitness technology, and prescription fulfillment, representing a new market segment for revenue generation.
Development of Tiered Membership Programs: To enhance customer loyalty and recurring revenue, Best Buy has revamped its membership offerings into three tiers: My Best Buy, My Best Buy Plus, and My Best Buy Total. These programs offer varying levels of benefits, including free shipping, exclusive pricing, extended return windows, product access, protection plans, and support, driving customer engagement and service-related income.

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 Share Repurchases

    Best Buy repurchased approximately $500 million of its shares in fiscal 2025.
    In fiscal 2024, the company's share repurchases amounted to approximately $339 million.
    The company expects to spend approximately $300 million on share repurchases during fiscal 2026.

 Outbound Investments

    In fiscal 2022, Best Buy acquired Current Health Ltd. and Two Peaks, LLC d/b/a Yardbird Furniture.
    The company has invested up to $10 million with Brown Venture Group, a venture capital firm focusing on Black, Latino, and Indigenous technology startups.

 Capital Expenditures

    Best Buy incurred $706 million in capital expenditures for fiscal 2025.
    Capital expenditures are expected to be between $700 million and $750 million for fiscal 2026.
    The primary focus of capital expenditures includes optimizing the store fleet, enhancing supply chain systems and processes, and investing in digital transformation, customer experience improvements, and new initiatives like Best Buy Marketplace and Best Buy Ads.

Interactive Breakdown

Best Buy Interactive Breakdown Analysis

Better Bets than Best Buy (BBY)

	BBY	Better Performance than BBY
Metric	Value	INDUSTRY: Computer & Electronics Retail
Rev Chg LTM	-0.9%	UPBD (7.5%)
Rev Chg 3Y Avg	-4.4%	UPBD (1.5%)
Op Mgn LTM	4.2%	GME (5.8%), UPBD (5.4%)
CFO/Rev LTM	5.3%	GME (15.3%)
FCF/Rev LTM	3.6%	GME (14.9%)
Total Yield	9.6%	UPBD (17.4%)
P/S	0.4	UPBD (0.2)
P/Op Inc	8.7	UPBD (4.0)

	BBY	Better Performance than BBY
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	-0.9%	BKNG (13.0%), AMZN (10.9%), HD (7.5%), TJX (4.5%), MCD (1.2%)
Rev Chg 3Y Avg	-4.4%	BKNG (17.8%), AMZN (11.3%), TSLA (9.3%), MCD (4.2%), HD (1.9%)
Op Mgn LTM	4.2%	MCD (46.1%), BKNG (34.5%), HD (13.0%), AMZN (11.4%), TSLA (5.1%)
CFO/Rev LTM	5.3%	MCD (39.9%), BKNG (33.2%), AMZN (18.1%), TSLA (16.5%), HD (10.6%)
FCF/Rev LTM	3.6%	BKNG (31.9%), MCD (28.1%), HD (8.4%), TJX (7.5%), TSLA (7.1%)
Total Yield	9.6%	F (12.1%), PHM (11.9%), LEN (11.6%), TOL (10.3%), MGA (10.1%)
P/S	0.4	LAD (0.2), M (0.3), AN (0.3), F (0.3), PAG (0.4)
P/Op Inc	8.7	PHM (6.9), MGA (7.8), TOL (7.9), LEN (8.0), APTV (8.2)

	BBY	Better Performance than BBY
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-0.9%	NVDA (65.2%), META (21.3%), MSFT (15.6%), GOOGL (13.4%), AAPL (6.0%)
Rev Chg 3Y Avg	-4.4%	NVDA (91.6%), META (17.3%), MSFT (13.2%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	4.2%	NVDA (58.8%), MSFT (46.3%), META (43.2%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	5.3%	META (56.8%), MSFT (50.0%), NVDA (44.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	3.6%	NVDA (41.3%), MSFT (26.6%), META (23.7%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	9.6%	VZ (18.6%), TD (13.0%), T (12.9%), MRK (10.8%), UBER (10.1%)
P/S	0.4	COR (0.2), CAH (0.2), CVS (0.3), MCK (0.3), CI (0.3)
P/Op Inc	8.7	CMCSA (4.9), VZ (5.3), T (7.1), BUD (8.4), BN (8.5)

		Best Bets In Consumer Discretionary Sector
	BBY	ABNB	BKNG	MCD	ETSY	LOPE	ALSN	GRMN	CROX	WH	YUM
What You Pay
P/E	23.5	31.4	34.6	26.8	29.6	21.8	11.9	24.7	21.1	17.8	29.5
P/EBIT	15.9	30.6	20.8	18.4	13.0	14.5	8.7	21.8	18.4	10.5	17.1
What You Get
Rev Chg Q	2.4%	9.7%	12.7%	3.0%	2.4%	9.6%	-15.9%	11.7%	3.4%	-3.5%	8.4%
Rev Chg LTM	-0.9%	10.2%	13.0%	1.2%	2.0%	7.0%	-4.2%	16.6%	2.0%	3.4%	11.6%
Rev Chg 3Y Avg	-4.4%	14.2%	17.8%	4.2%	4.9%	6.5%	4.6%	12.2%	14.5%	-2.5%	6.4%
FCF/Rev 3Y Avg	3.1%	40.2%	35.6%	27.4%	23.8%	21.8%	21.0%	20.5%	19.8%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Best Buy Earnings Notes
2	How Low Can Best Buy Stock Really Go?	Return
3	Upbound vs Best Buy: Which Is the Stronger Buy Today?	Counter-Intuitive Comparisons
4	How Does Best Buy Stock Stack Up Against Its Peers?	Peer Comparison
5	Better Bet Than BBY Stock: Pay Less Than Best Buy To Get More From UNH, SLB
6	Better Bet Than BBY Stock: Pay Less Than Best Buy To Get More From NCLH, ALSN
7	BBY Dip Buy Analysis
8	Best Buy vs. Large Cap Stocks: Which Is A Better Investment?	Investment Theme Comparisons
9	Best Buy Total Shareholder Return (TSR): 23.0% in 2025 and 5.1% 3-yr compounded annual returns (above peer average)
10	Best Buy (BBY) worth $17 Bil (down $-2.5 Bil), still more valuable than F5	Notification
11	ARTICLES
12	Can Best Buy Stock Recover If Markets Fall?		December 5th, 2025
13	S&P 500 Movers \| Winners: INTC, SNPS, APP \| Losers: WRB, PODD, BBY		December 2nd, 2025
14	How Will Best Buy Stock React To Its Upcoming Earnings?		November 22nd, 2025
15	Why Best Buy’s Struggles May Not Be Over Yet		October 20th, 2025
16	Best Buy’s Stock Faces Risks Despite Nintendo Switch 2 Buzz		June 13th, 2025

	Title
0	DASHBOARDS
1	Best Buy Earnings Notes
2	How Low Can Best Buy Stock Really Go?
3	Upbound vs Best Buy: Which Is the Stronger Buy Today?
4	How Does Best Buy Stock Stack Up Against Its Peers?
5	Better Bet Than BBY Stock: Pay Less Than Best Buy To Get More From UNH, SLB
6	Better Bet Than BBY Stock: Pay Less Than Best Buy To Get More From NCLH, ALSN
7	BBY Dip Buy Analysis
8	Best Buy vs. Large Cap Stocks: Which Is A Better Investment?
9	Best Buy Total Shareholder Return (TSR): 23.0% in 2025 and 5.1% 3-yr compounded annual returns (above peer average)
10	Best Buy (BBY) worth $17 Bil (down $-2.5 Bil), still more valuable than F5
11	ARTICLES
12	Can Best Buy Stock Recover If Markets Fall?
13	S&P 500 Movers \| Winners: INTC, SNPS, APP \| Losers: WRB, PODD, BBY
14	How Will Best Buy Stock React To Its Upcoming Earnings?
15	Why Best Buy’s Struggles May Not Be Over Yet
16	Best Buy’s Stock Faces Risks Despite Nintendo Switch 2 Buzz

Trade Ideas

Select past ideas related to BBY. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	13.7%	13.7%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.8%	5.8%	-0.1%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.6%	3.6%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	18.4%	18.4%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	11.9%	11.9%	-1.6%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	13.7%	13.7%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.8%	5.8%	-0.1%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.6%	3.6%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	18.4%	18.4%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	11.9%	11.9%	-1.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LUNR	Intuitive Machines	1.8	37.7%	-17.7%
GTN-A	Gray Media	1.1	30.9%	55.5%
FOLD	Amicus Therapeutics	4.4	30.2%	50.5%
FLY	Firefly Aerospace	3.5	22.8%
CRWV	CoreWeave	40.4	22.6%
EVMN	Evommune	0.5	21.6%
EWTX	Edgewise Therapeutics	2.7	20.8%	-4.3%
FBYD	Falcons Beyond Global	0.7	19.9%	125.4%
ONDS	Ondas	1.4	18.2%	260.2%
BMRN	BioMarin Pharmaceutical	11.7	17.7%	-7.0%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LW	Lamb Weston	6.2	-25.9%	-32.5%
BB	BlackBerry	2.2	-12.9%	-0.3%
IRON	Disc Medicine	2.8	-11.5%	26.2%
NKE	Nike	86.7	-10.5%	-20.6%
TLRY	Tilray Brands	11.8	-9.6%	-16.1%
OLMA	Olema Pharmaceuticals	2.4	-9.3%	379.1%
KBH	KB Home	3.8	-8.5%	-11.2%
PAHC	Phibro Animal Health	1.5	-7.8%	80.2%
EEX	Emerald	0.9	-7.7%	-1.3%
GETY	Getty Images	0.5	-7.4%	-41.7%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.7	60.2%	125.4%
DJT	Trump Media & Technology	4.5	51.1%	-52.8%
GTN-A	Gray Media	1.1	40.6%	55.5%
FOLD	Amicus Therapeutics	4.4	34.4%	50.5%
EEX	Emerald	0.9	27.4%	-1.3%
LUNR	Intuitive Machines	1.8	24.8%	-17.7%
QURE	uniQure	1.3	23.0%	35.8%
RIVN	Rivian Automotive	27.4	21.9%	68.8%
PHAT	Phathom Pharmaceuticals	1.3	20.4%	115.9%
TE	T1 Energy	1.0	20.2%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.2	-82.0%	-26.7%
LWLG	Lightwave Logic	0.4	-28.0%	42.4%
LW	Lamb Weston	6.2	-26.3%	-32.5%
INSP	Inspire Medical Systems	2.8	-26.1%	-47.9%
BETR	Better Home & Finance	0.5	-21.1%	269.6%
FDMT	4D Molecular Therapeutics	0.5	-19.9%	55.8%
VSTM	Verastem	0.6	-19.3%	50.1%
CGEM	Cullinan Therapeutics	0.6	-18.8%	-20.5%
USAR	USA Rare Earth	1.4	-18.8%	46343.0%
BW	Babcock & Wilcox Enterprises	0.5	-17.6%	198.8%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	2.6	132.3%	29.2%
TE	T1 Energy	1.0	122.5%
VERA	Vera Therapeutics	3.3	79.4%	21.1%
FTRE	Fortrea	1.6	76.7%	-4.9%
ARWR	Arrowhead Pharmaceuticals	9.5	74.9%	262.6%
ANF	Abercrombie & Fitch	5.8	73.7%	-19.0%
ALMS	Alumis	0.9	71.8%	43.6%
LUNR	Intuitive Machines	1.8	70.5%	-17.7%
VSCO	Victoria's Secret	4.5	63.0%	36.9%
PL	Planet Labs PBC	5.8	62.7%	374.8%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.6%	-63.9%
JANX	Janux Therapeutics	0.9	-52.1%	-74.2%
FRMI	Fermi	5.9	-50.1%
LENZ	LENZ Therapeutics	0.5	-36.6%	-37.7%
GOGO	Gogo	0.6	-34.9%	-44.0%
LWLG	Lightwave Logic	0.4	-34.0%	42.4%
BETR	Better Home & Finance	0.5	-32.1%	269.6%
IMSR	Terrestrial Energy	0.7	-30.8%
ORIC	ORIC Pharmaceuticals	0.6	-30.0%	-0.4%
PBF	PBF Energy	3.0	-29.7%	3.7%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LUNR	Intuitive Machines	1.8	37.7%	-17.7%
GTN-A	Gray Media	1.1	30.9%	55.5%
FOLD	Amicus Therapeutics	4.4	30.2%	50.5%
FLY	Firefly Aerospace	3.5	22.8%
CRWV	CoreWeave	40.4	22.6%
EVMN	Evommune	0.5	21.6%
EWTX	Edgewise Therapeutics	2.7	20.8%	-4.3%
FBYD	Falcons Beyond Global	0.7	19.9%	125.4%
ONDS	Ondas	1.4	18.2%	260.2%
BMRN	BioMarin Pharmaceutical	11.7	17.7%	-7.0%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LW	Lamb Weston	6.2	-25.9%	-32.5%
BB	BlackBerry	2.2	-12.9%	-0.3%
IRON	Disc Medicine	2.8	-11.5%	26.2%
NKE	Nike	86.7	-10.5%	-20.6%
TLRY	Tilray Brands	11.8	-9.6%	-16.1%
OLMA	Olema Pharmaceuticals	2.4	-9.3%	379.1%
KBH	KB Home	3.8	-8.5%	-11.2%
PAHC	Phibro Animal Health	1.5	-7.8%	80.2%
EEX	Emerald	0.9	-7.7%	-1.3%
GETY	Getty Images	0.5	-7.4%	-41.7%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.7	60.2%	125.4%
DJT	Trump Media & Technology	4.5	51.1%	-52.8%
GTN-A	Gray Media	1.1	40.6%	55.5%
FOLD	Amicus Therapeutics	4.4	34.4%	50.5%
EEX	Emerald	0.9	27.4%	-1.3%
LUNR	Intuitive Machines	1.8	24.8%	-17.7%
QURE	uniQure	1.3	23.0%	35.8%
RIVN	Rivian Automotive	27.4	21.9%	68.8%
PHAT	Phathom Pharmaceuticals	1.3	20.4%	115.9%
TE	T1 Energy	1.0	20.2%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.2	-82.0%	-26.7%
LWLG	Lightwave Logic	0.4	-28.0%	42.4%
LW	Lamb Weston	6.2	-26.3%	-32.5%
INSP	Inspire Medical Systems	2.8	-26.1%	-47.9%
BETR	Better Home & Finance	0.5	-21.1%	269.6%
FDMT	4D Molecular Therapeutics	0.5	-19.9%	55.8%
VSTM	Verastem	0.6	-19.3%	50.1%
CGEM	Cullinan Therapeutics	0.6	-18.8%	-20.5%
USAR	USA Rare Earth	1.4	-18.8%	46343.0%
BW	Babcock & Wilcox Enterprises	0.5	-17.6%	198.8%

Peer Comparisons for Best Buy

Peers to compare with:

Financials

	BBY	AMZN	WMT	HD	TGT	Median
Name	Best Buy	Amazon.c.	Walmart	Home Dep.	Target
Mkt Price	71.44	229.07	114.49	347.02	97.29	114.49
Mkt Cap	15.1	2,436.6	912.9	344.6	44.1	344.6
Rev LTM	41,825	670,038	703,061	166,189	105,242	166,189
Op Inc LTM	1,742	76,190	28,976	21,536	5,204	21,536
FCF LTM	1,514	13,481	15,263	13,927	3,009	13,481
FCF 3Y Avg	1,307	21,677	14,984	16,106	3,732	14,984
CFO LTM	2,221	121,137	40,977	17,649	6,774	17,649
CFO 3Y Avg	2,061	96,977	37,588	19,518	7,646	19,518

Growth & Margins

	BBY	AMZN	WMT	HD	TGT	Median
Name	Best Buy	Amazon.c.	Walmart	Home Dep.	Target
Rev Chg LTM	-0.9%	10.9%	4.3%	7.5%	-2.2%	4.3%
Rev Chg 3Y Avg	-4.4%	11.3%	5.4%	1.9%	-1.1%	1.9%
Rev Chg Q	2.4%	13.3%	5.8%	2.8%	-1.6%	2.8%
QoQ Delta Rev Chg LTM	0.5%	3.0%	1.4%	0.7%	-0.4%	0.7%
Op Mgn LTM	4.2%	11.4%	4.1%	13.0%	4.9%	4.9%
Op Mgn 3Y Avg	4.1%	7.9%	4.1%	13.7%	5.1%	5.1%
QoQ Delta Op Mgn LTM	0.0%	0.3%	-0.1%	-0.1%	-0.2%	-0.1%
CFO/Rev LTM	5.3%	18.1%	5.8%	10.6%	6.4%	6.4%
CFO/Rev 3Y Avg	4.8%	15.8%	5.6%	12.4%	7.2%	7.2%
FCF/Rev LTM	3.6%	2.0%	2.2%	8.4%	2.9%	2.9%
FCF/Rev 3Y Avg	3.1%	3.5%	2.2%	10.2%	3.5%	3.5%

Valuation

	BBY	AMZN	WMT	HD	TGT	Median
Name	Best Buy	Amazon.c.	Walmart	Home Dep.	Target
Mkt Cap	15.1	2,436.6	912.9	344.6	44.1	344.6
P/S	0.4	3.6	1.3	2.1	0.4	1.3
P/EBIT	15.8	28.6	27.4	15.9	8.3	15.9
P/E	23.3	34.5	39.8	23.6	11.7	23.6
P/CFO	6.8	20.1	22.3	19.5	6.5	19.5
Total Yield	9.6%	2.9%	3.3%	6.9%	13.1%	6.9%
Dividend Yield	5.3%	0.0%	0.8%	2.7%	4.6%	2.7%
FCF Yield 3Y Avg	7.7%	1.1%	2.5%	4.5%	7.0%	4.5%
D/E	0.3	0.1	0.1	0.2	0.5	0.2
Net D/E	0.2	0.0	0.1	0.2	0.4	0.2

Returns

	BBY	AMZN	WMT	HD	TGT	Median
Name	Best Buy	Amazon.c.	Walmart	Home Dep.	Target
1M Rtn	-1.9%	5.5%	7.1%	5.1%	16.3%	5.5%
3M Rtn	0.2%	-1.0%	12.1%	-16.0%	11.8%	0.2%
6M Rtn	8.6%	9.2%	19.6%	0.5%	4.2%	8.6%
12M Rtn	-12.0%	1.8%	25.3%	-9.4%	-22.7%	-9.4%
3Y Rtn	2.3%	164.0%	145.4%	17.3%	-24.1%	17.3%
1M Excs Rtn	-5.6%	-0.1%	11.1%	1.5%	10.1%	1.5%
3M Excs Rtn	-2.0%	-1.5%	9.5%	-17.3%	11.7%	-1.5%
6M Excs Rtn	-2.9%	-3.7%	4.0%	-15.1%	-10.2%	-3.7%
12M Excs Rtn	-26.8%	-14.0%	8.2%	-26.0%	-35.7%	-26.0%
3Y Excs Rtn	-68.6%	78.5%	71.8%	-59.2%	-99.7%	-59.2%

Comparison Analyses

	Title
0	How Does Best Buy Stock Stack Up Against Its Peers?
1	JBLU Looks Stronger Than BBY With 9.4% Return Potential
2	Best Buy Co vs. Amazon.com: With Return Forecast Of 25%, Amazon.com Is A Better Bet
3	BBY Could Deliver 8.9% Returns And Outperform WMT
4	Why BBY With 7.5% Upside May Beat HD?
5	Why TGT With 14% Upside May Beat BBY?
6	Best Buy vs. The Coca-Cola Company: With Return Forecast Of 14%, Best Buy Is A Better Bet
7	Best Buy vs. Abbott Laboratories: Both Seem Similar Bets
8	Best Buy vs. Merck: With Return Forecast Of 15%, Best Buy Is A Better Bet
9	Best Buy vs. Paramount Global: With Return Forecast Of 36%, Paramount Global Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 2/1	LTM	2025	2024	2023	2022	2021	2020
Period End	11/1/2025	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020
Filing Date	12/5/2025	3/19/2025	3/15/2024	3/17/2023	3/18/2022	3/19/2021	3/23/2020
Key Financials
Total Revenue	41,825	41,528	43,452	46,298	51,761	47,262	43,638
EBITDA	1,796	2,212	2,596	2,741	3,918	3,268	2,869
Operating Income	1,742	1,734	1,727	1,942	3,005	2,645	2,050
Net Income	645	927	1,241	1,419	2,454	1,798	1,541
EPS	3.05	4.31	5.70	6.31	9.94	6.93	5.82
Growth Rates
Total Revenue Growth	-0.9%	-4.4%	-6.1%	-10.6%	9.5%	8.3%	1.8%
EBITDA Growth	-30.4%	-14.8%	-5.3%	-30.0%	19.9%	13.9%	5.1%
Operating Income Growth	-2.1%	0.4%	-11.1%	-35.4%	13.6%	29.0%	5.3%
Net Income Growth	-49.2%	-25.3%	-12.5%	-42.2%	36.5%	16.7%	5.3%
Margins
EBITDA Margin	4.3%	5.3%	6.0%	5.9%	7.6%	6.9%	6.6%
Operating Income Margin	4.2%	4.2%	4.0%	4.2%	5.8%	5.6%	4.7%
Net Income Margin	1.5%	2.2%	2.9%	3.1%	4.7%	3.8%	3.5%
Cash & Debt
Total Cash	923	1,578	1,447	1,874	2,936	5,494	2,229
Total Debt	4,093	4,053	3,982	3,978	3,938	3,991	3,980
Net Debt / (Cash)	3,170	2,475	2,535	2,104	1,002	-1,503	1,751
Cash Flows
Net Cash from Operations	2,221	2,098	1,470	1,824	3,252	4,927	2,565
Free Cash from Operations	1,514	1,392	675	894	2,515	4,214	1,822
Returns to Shareholders
Dividends	802	807	801	789	688	568	527
Share Repurchases	415	500	340	1,014	3,502	312	1,003

$ Mil \| FY: 2/1	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4
Period End	11/1/2025	8/2/2025	5/3/2025	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023
Filing Date	12/5/2025	9/5/2025	6/6/2025	3/19/2025	12/6/2024	9/6/2024	6/7/2024	3/15/2024	12/1/2023	9/1/2023	6/2/2023	3/17/2023
Key Financials Quarterly
Total Revenue	9,672	9,438	8,767	13,948	9,445	9,288	8,847	14,646	9,756	9,583	9,467	14,735
Ebitda	423	476	445	452	582	622	556	819	591	617	569	862
Operating Income	364	365	328	685	346	376	327	730	354	341	302	683
Net Income	140	186	202	117	273	291	246	460	263	274	244	495
EPS	0.67	0.88	0.95	0.55	1.27	1.35	1.14	2.13	1.21	1.25	1.11	2.24
Key Financials TTM
Total Revenue TTM	41,825	41,598	41,448	41,528	42,226	42,537	42,832	43,452	43,541	44,372	45,118	46,298
Ebitda TTM	1,796	1,955	2,101	2,212	2,579	2,588	2,583	2,596	2,639	2,643	2,629	2,741
Operating Income TTM	1,742	1,724	1,735	1,734	1,779	1,787	1,752	1,727	1,680	1,717	1,781	1,942
Net Income TTM	645	778	883	927	1,270	1,260	1,243	1,241	1,276	1,290	1,322	1,419
Growth Rates Quarterly
Total Revenue Growth	2.4%	1.6%	-0.9%	-4.8%	-3.2%	-3.1%	-6.5%	-0.6%	-7.8%	-7.2%	-11.1%	-10.0%
EBITDA Growth	-27.3%	-23.5%	-20.0%	-44.8%	-1.5%	0.8%	-2.3%	-5.0%	-0.7%	2.3%	-16.4%	-16.4%
Operating Income Growth	5.2%	-2.9%	0.3%	-6.2%	-2.3%	10.3%	8.3%	6.9%	-9.5%	-15.8%	-34.8%	-15.5%
Net Income Growth	-48.7%	-36.1%	-17.9%	-74.6%	3.8%	6.2%	0.8%	-7.1%	-5.1%	-10.5%	-28.4%	-20.9%
Margins Quarterly
EBITDA Margin	4.4%	5.0%	5.1%	3.2%	6.2%	6.7%	6.3%	5.6%	6.1%	6.4%	6.0%	5.9%
Operating Income Margin	3.8%	3.9%	3.7%	4.9%	3.7%	4.0%	3.7%	5.0%	3.6%	3.6%	3.2%	4.6%
Net Income Margin	1.4%	2.0%	2.3%	0.8%	2.9%	3.1%	2.8%	3.1%	2.7%	2.9%	2.6%	3.4%
Cash & Debt
Total Cash	923	1,456	1,147	1,578	643	1,387	1,214	1,447	636	1,093	1,030	1,874
Total Debt	4,093	4,076	4,051	4,053	4,065	4,096	3,984	3,982	4,029	4,029	3,923	3,978
Net Debt / (Cash)	3,170	2,620	2,904	2,475	3,422	2,709	2,770	2,535	3,393	2,936	2,893	2,104
Cash Flows Quarterly
FCF from Operations	-99	749	34	1,537	-256	661	156	1,180	109	512	-331	1,932
Cash Flows TTM
FCF from Operations TTM	2,221	2,064	1,976	2,098	1,741	2,106	1,957	1,470	2,222	2,714	2,877	1,824
Returns to Shareholders Quarterly
Dividends	199	201	202	200	202	203	202	198	201	200	202	194
Share Repurchases	35	65	100	215	137	98	50	70	112	79	79	549
Return on Invested Capital (ROIC) Quarterly
ROIC	28.5%	36.1%	37.0%	51.4%	28.1%	36.7%	31.5%	79.2%	28.6%	30.8%	28.6%	89.3%
Return on Invested Capital (ROIC) TTM
ROIC TTM	35.4%	43.0%	39.6%	44.2%	36.2%	44.8%	42.7%	45.5%	34.9%	40.6%	44.0%	62.4%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Computing and Mobile Phones	18,482	19,766	22,478	21,653	19,399
Consumer Electronics	12,969	14,094	16,203	14,211	14,292
Appliances	5,804	6,736	7,167	5,873	4,810
Entertainment	3,363	3,053	3,275	3,079	2,597
Services	2,530	2,332	2,380	2,252	2,325
Other	304	317	258	194	215
Total	43,452	46,298	51,761	47,262	43,638

Price Behavior

Price Behavior

Market Price	$71.83
Market Cap ($ Bil)	15.2
First Trading Date	04/19/1985
Distance from 52W High	-16.9%
	50 Days	200 Days
DMA Price	$76.49	$70.44
DMA Trend	down	indeterminate
Distance from DMA	-6.1%	2.0%
	3M	1YR
Volatility	35.2%	43.4%
Downside Capture	140.84	153.69
Upside Capture	127.47	119.30
Correlation (SPY)	58.7%	63.7%

BBY Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.12	1.80	1.69	1.72	1.39	1.16
Up Beta	0.49	2.05	2.49	2.63	1.38	1.12
Down Beta	0.76	1.95	1.76	1.78	1.46	1.12
Up Capture	110%	191%	161%	157%	142%	129%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	6	19	30	62	121	362
Down Capture	143%	150%	131%	129%	124%	106%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	13	22	32	63	127	386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of BBY With Other Asset Classes (Last 1Y)
	BBY	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-13.6%	3.0%	13.5%	62.9%	2.8%	-2.4%	-16.9%
Annualized Volatility	43.1%	24.7%	19.7%	19.2%	16.0%	17.7%	35.4%
Sharpe Ratio	-0.22	0.07	0.52	2.42	-0.01	-0.29	-0.26
Correlation With Other Assets		63.2%	63.5%	-2.8%	25.5%	47.9%	22.7%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of BBY With Other Asset Classes (Last 5Y)
	BBY	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-2.3%	10.2%	14.8%	18.3%	11.1%	4.7%	35.7%
Annualized Volatility	36.8%	23.8%	17.1%	15.5%	18.9%	18.9%	48.9%
Sharpe Ratio	0.03	0.39	0.70	0.95	0.48	0.16	0.63
Correlation With Other Assets		54.3%	53.8%	4.1%	14.1%	44.2%	18.1%

Based On 10-Year Data

		Comparison of BBY With Other Asset Classes (Last 10Y)
	BBY	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	13.2%	13.3%	14.8%	14.5%	6.3%	5.4%	69.5%
Annualized Volatility	38.0%	22.0%	18.0%	14.7%	17.7%	20.8%	55.8%
Sharpe Ratio	0.45	0.56	0.71	0.81	0.28	0.23	0.90
Correlation With Other Assets		56.2%	54.3%	3.3%	20.3%	43.0%	12.8%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	11,941,999
Short Interest: % Change Since 11152025	-5.0%
Average Daily Volume	4,415,659
Days-to-Cover Short Interest	2.70
Basic Shares Quantity	210,700,000
Short % of Basic Shares	5.7%

Returns Analyses

	Title
0	How Low Can Best Buy Stock Really Go?
1	BBY YTD Stock Return Of 6.1% Outperforms ODP by 21% and Underperforms WMT by -8.7%
2	Best Buy Stock Return Comparison
3	[10/6/2021] Best Buy (BBY) Stock Price Forecast: AI Forecasts BBY Stock Price To Be Around $108 In A Month (Up 1.9%)
4	Best Buy Total Shareholder Return (TSR): -7.1% in 2023 and 4.5% 3-yr returns (below peer average)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/25/2025	5.3%	-1.6%
8/28/2025	-3.7%	2.1%	2.2%
5/29/2025	-7.3%	-2.6%	-3.3%
3/4/2025	-13.3%	-9.1%	-13.2%
11/26/2024	-4.9%	-4.4%	-2.9%
8/29/2024	14.1%	13.2%	17.6%
5/30/2024	13.4%	23.7%	18.4%
2/29/2024	1.5%	-1.8%	4.2%
...
SUMMARY STATS
# Positive	12	9	9
# Negative	12	15	15
Median Positive	4.6%	5.5%	12.4%
Median Negative	-4.8%	-3.1%	-7.5%
Max Positive	14.1%	23.7%	19.1%
Max Negative	-13.3%	-22.6%	-29.0%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
10312025	12052025	10-Q 11/1/2025
7312025	9052025	10-Q 8/2/2025
4302025	6062025	10-Q 5/3/2025
1312025	3192025	10-K 2/1/2025
10312024	12062024	10-Q 11/2/2024
7312024	9062024	10-Q 8/3/2024
4302024	6072024	10-Q 5/4/2024
1312024	3152024	10-K 2/3/2024
10312023	12012023	10-Q 10/28/2023
7312023	9012023	10-Q 7/29/2023
4302023	6022023	10-Q 4/29/2023
1312023	3172023	10-K 1/28/2023
10312022	12062022	10-Q 10/29/2022
7312022	9082022	10-Q 7/30/2022
4302022	6022022	10-Q 4/30/2022
1312022	3182022	10-K 1/29/2022

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	SCHULZE RICHARD M		10282025	Sell	83.24	374,164	31,143,615	981,085,312	Form
1	SCHULZE RICHARD M		10222025	Sell	80.56	200,000	16,111,440	1,030,077,183	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Best Buy (BBY)

Market Price (12/20/2025): $71.445 | Market Cap: $15.1 BilSector: Consumer Discretionary | Industry: Computer & Electronics Retail

Best Buy (BBY)

Market Price (12/20/2025): $71.445Market Cap: $15.1 BilSector: Consumer DiscretionaryIndustry: Computer & Electronics Retail

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Market Price (12/20/2025): $71.445 | Market Cap: $15.1 Bil
Sector: Consumer Discretionary | Industry: Computer & Electronics Retail

Market Price (12/20/2025): $71.445
Market Cap: $15.1 Bil
Sector: Consumer Discretionary
Industry: Computer & Electronics Retail