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US consumer-electronics retailer selling computers, appliances and gadgets through stores and online, with in-home services.
US consumer-electronics retailer selling computers, appliances and gadgets through stores and online, with in-home services.
Sells products at thin margins and relies on add-ons for profit: services such as installation and Geek Squad repairs, paid memberships, and fees from suppliers for in-store and online advertising. It has retreated to the US and Canada after exiting China, Europe and Mexico.
Moat: narrow (scale, distribution, brand). Large store/showroom footprint plus Geek Squad services differentiate versus pure online retail.
Headquarters: Richfield, Minnesota, US · Founded: 1966 · Employees: 82,000
Size Best Buy (BBY) is a United States Consumer Discretionary company (Electronics/Appliance Stores) with a market value of $20.9B, the 482nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $99.63 on 6 Nov 2026.
Performance Over six months the shares gained 70.0%, against +8.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 1.4% over the last twelve months (peer median +8.9%); the operating margin is 4.3% (peer median 4.0%).
Valuation It trades at 14.2× forward earnings against a peer median of 18.1× (4th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 21.2 points above its cost of capital (10.1% WACC).
Credit Best Buy has 2 bonds outstanding ($1.15B), rated BBB+ by the agencies and trading like BBB+ at a weighted spread of 64 bp.
Short interest Short interest is 7.9% of the free float (15 Oct 2026).
Next results Next results expected around 24 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $42.2B | $41.7B | $41.5B | $43.5B | $46.3B |
| Revenue growth | — | 0% | -4% | -6% | — |
| Gross profit | $9.56B | $9.36B | $9.36B | $9.54B | $9.83B |
| EBITDA | $2.63B | $2.57B | $2.59B | $2.64B | $2.85B |
| Net income | $1.27B | $1.07B | $927M | $1.24B | $1.42B |
| Free cash flow | $1.77B | $1.26B | $1.39B | $675M | $894M |
| Capital expenditure | $707M | $704M | $706M | $795M | $930M |
| Total debt | $4.13B | $4.13B | $4.05B | $3.98B | $3.98B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Best Buy BBY | $20.9B | +70% | +1% | 4% | 14.2× | 3.0% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
| Walmart WMT | $996B | -4% | +6% | 4% | 41.8× | 14.7% |
| Costco COST | $467B | +4% | +10% | 4% | 46.2× | 19.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BBY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.7% | +0.1% | 3rd highest of 21 |
| 6-month return | +70.0% | +8.4% | 2nd highest of 20 |
| Distance from 52-week high | -3.8% | -21.3% | 3rd highest of 21 |
| Revenue growth (TTM) | +1.4% | +8.9% | 5th lowest of 20 |
| Operating margin | 4.3% | 4.0% | 10th highest of 21 |
| Forward P/E | 14.2× | 18.1× | 4th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 3.0% | 0.4% | 8th most demanding of 17 |
| Growth delivered (Del g) | -2.5% | +0.3% | 5th lowest of 17 |
| Hurdle (Req g minus delivered) | +5.4 pp | -0.4 pp | 6th most demanding of 17 |
| ROIC minus cost of capital | +21.2 pp | +3.3 pp | 3rd highest of 20 |
| EV / EBITDA | 8.5× | 11.7× | 6th cheapest of 13 |
| Net debt / EBITDA | 0.6× | 1.3× | 6th least indebted of 17 |
| Bond spread | 64 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Best Buy BBY | United States | $20.9B | +70% | +1% | 4% | 14.2× | 3.0% | -2.5% |
| GameStop GME | United States | $12.7B | +3% | -8% | 14% | 25.4× | 18.7% | -6.5% |
| JB Hi-Fi JBH.AX | Australia | $5.86B | +8% | +5% | 7% | 18.1× | 6.7% | +4.4% |
| Yamada 9831.T | Japan | $3.90B | +41% | +7% | 1% | 12.8× | 20.7% | -0.7% |
| Nojima 7419.T | Japan | $2.46B | +8% | +11% | 6% | n/a | -14.2% | +13.4% |
| Polibeli PLBL | United States | $1.96B | -28% | n/a | -29% | n/a | n/a | n/a |
| Dicker Data DDR.AX | Australia | $1.78B | +54% | +12% | 6% | 22.4× | 9.9% | +5.1% |
| Puuilo PUUILO.HE | Finland | $1.76B | +46% | +15% | 18% | 22.5× | -5.2% | +13.1% |
| Edion 2730.T | Japan | $1.64B | +17% | +4% | 4% | 15.1× | -8.4% | +0.7% |
| K's 8282.T | Japan | $1.64B | -4% | +5% | 4% | 10.0× | -11.0% | -0.8% |
| Suning.com 002024.SZ | China | $1.48B | -19% | -34% | -10% | 106.3× | -3.0% | -28.0% |
| Fnac Darty FNAC.PA | France | $1.16B | -1% | +10% | 2% | 17.4× | -0.6% | +6.6% |
| ATRenew Inc. Sponsored ADR RERE | United States | $944M | -7% | +35% | 3% | 8.5× | n/a | n/a |
| China Qidian Guofeng 1280.HK | Hong Kong | $930M | +113% | -6% | -30% | n/a | n/a | n/a |
| Jiangsu Yinhe Electronics 002519.SZ | China | $852M | -38% | +1,594% | -9% | 16.2× | 56.2% | -18.2% |
| Aditya Vision AVL.NS | India | $714M | -6% | +28% | 7% | 40.4× | 33.5% | +29.0% |
| Kojima 7513.T | Japan | $675M | +15% | +5% | 3% | n/a | -9.8% | 0.0% |
| Joshin 8173.T | Japan | $674M | +42% | +9% | 2% | 31.8× | -3.7% | -0.6% |
| mobilezone MOZN.SW | Switzerland | $659M | -12% | -37% | 6% | 15.1× | 1.4% | -6.1% |
| Electronics Mart India EMIL.NS | India | $588M | +19% | +17% | 5% | 24.0× | 12.0% | +17.5% |
| SS Retail SSRETAIL.NS | India | $501M | n/a | +47% | 4% | n/a | n/a | n/a |
Best Buy has 2 bonds outstanding with $1.15B face value. The agencies rate it BBB+; its bonds trade like BBB+. Weighted yield 5.16%, a spread of 64 bp over government bonds.