Best BUY
BBY on NYSE. Best Buy sells electronics, appliances and tech services to people in the U.S. and Canada. Market value $18.3bn.
Price checks use the past 12 months to July 2026. Quality checks use five annual reports, the latest for the year to January 2026.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $9.94 of spare cash in the past 12 months. A savings account pays about $4.
You pay 9.8 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 46 cents a year. Above 10 is good.
Quality score: 64 of 100. Price score: 100 of 100. Our list needs 70 on quality and 60 on price.
$84.85 a share, 54% above its 1-year low
Over the past year the price has ranged from $55.10 to $96.53.
Dividend: 4.5% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $51.8bn | $46.3bn | $43.5bn | $41.5bn | $41.7bn |
| Operating margin | |||||
| Operating margin | 5.9% | 3.9% | 3.6% | 3.0% | 3.3% |
| Debt to equity | |||||
| Debt to equity | 0.42 | 0.44 | 0.39 | 0.41 | 0.40 |
| Shares outstanding | |||||
| Shares outstanding | 0.22bn | 0.22bn | 0.21bn | 0.21bn | 0.21bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)7 of 9
- Profit backed by cash (accruals)Yes
- Debt0.40× equity
- Revenue growth, five yearsShrinking, 2.5% a year
- Buying back its own sharesYes, 5% fewer since 2022
The quarter to July 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $9.8 billion last quarter, up 4% on a year ago.
- Profit: $315 million, up 69% on a year ago.
- It keeps 4 cents of each $1 of sales as operating profit, up from 2 cents a year earlier.
- Spare cash over the past 12 months: $1.8 billion, up from $1.4 billion.
- About the same number of shares as a year ago.
- It has $1.1 billion more cash than debt, up from $282 million a year ago.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| October 2024 | $9.4bn |
| January 2025 | $13.9bn |
| April 2025 | $8.8bn |
| July 2025 | $9.4bn |
| October 2025 | $9.7bn |
| January 2026 | $13.8bn |
| April 2026 | $8.9bn |
| July 2026 | $9.8bn |
| Quarter to | Amount |
|---|---|
| October 2024 | $273m |
| January 2025 | $117m |
| April 2025 | $202m |
| July 2025 | $186m |
| October 2025 | $140m |
| January 2026 | $541m |
| April 2026 | $276m |
| July 2026 | $315m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 24 November 2026
- Last annual report (10-K)
- 18 March 2026
- Next quarterly (estimated, 10-Q)
- 4 December 2026
Who owns it
4 long-term investors we follow own it, down from 6 last quarter. 868 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| LSV Asset ManagementJosef Lakonishok | $104m | 0.2% | Added |
| Gotham Asset ManagementJoel Greenblatt | $73m | 0.2% | Added |
| GMOJeremy Grantham | $35m | <0.1% | Added |
| Mairs & PowerAndy Adams | $417,340 | <0.1% | Cut |
Sold out this quarter
Largest holders overall
- BlackRock$1.9bn
- State Street$1.1bnAdded
- Vanguard Capital Management$981m
- Vanguard Portfolio Management$700mCut
- Geode Capital Management$618mAdded
- Charles Schwab Investment Management$522mAdded
- Invesco$385mCut
- JPMorgan Chase$376mCut
- Goldman Sachs Group$335mAdded
- AQR Capital Management$289mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Vanguard Capital ManagementPassive investor7.1%Since 31 March 2026
- STATE STREET CORPORATIONPassive investor6.6%Since 31 December 2024
- SCHULZE RICHARD MInsider or founderat least 6.1%−1.1 pts(filed with 2 related holders)Since 29 May 2026
What they said
Item 4 is hereby amended and supplemented to add the following: On May 29, 2026, Mr. Schulze sold Shares into the open market. The Shares were sold as part of Mr. Schulze's personal long-term strategy for asset diversification and liquidity. Effective May 29, 2026, Mr. Schulze…
Read the filing - The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Vanguard Capital Management Passive investor | 7.1% | 31 March 2026 | |
STATE STREET CORPORATION Passive investor | 6.6% | 31 December 2024 | |
SCHULZE RICHARD M Insider or founder | at least 6.1%−1.1 pts (filed with 2 related holders) | 29 May 2026 | What they saidItem 4 is hereby amended and supplemented to add the following: On May 29, 2026, Mr. Schulze sold Shares into the open market. The Shares were sold as part of Mr. Schulze's personal long-term strategy for asset diversification and liquidity. Effective May 29, 2026, Mr. Schulze… Read the filing |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 6 sold $16m.
- Scarlett KathleenSEVP, CHROSold
- Date
- 23 September 2026
- Shares
- 116,062
- Price
- $92.15
- Value
- $11m
- Watson MathewSVP, Controller & CAOSold
- Date
- 29 May 2026
- Shares
- 1,784
- Price
- $73.80
- Value
- $131,659
- Watson MathewSVP, Controller & CAOSold
- Date
- 23 March 2026
- Shares
- 3,298
- Price
- $64.02
- Value
- $211,138
- Scarlett KathleenSEVP, Corp Affairs & HRSold
- Date
- 23 March 2026
- Shares
- 8,049
- Price
- $64.02
- Value
- $515,297
- Hartman Todd G.GC, Chief Risk OfficerSold
- Date
- 23 March 2026
- Shares
- 5,339
- Price
- $64.02
- Value
- $341,803
- Bonfig Jason JSEVP Cust Offer, Fulfill & CanSold
- Date
- 23 March 2026
- Shares
- 6,336
- Price
- $64.02
- Value
- $405,631
- Bilunas Matthew MSEVP Enterprise Strategy & CFOSold
- Date
- 23 March 2026
- Shares
- 11,356
- Price
- $64.02
- Value
- $727,011
- Barry Corie SCEO, DirectorSold
- Date
- 23 March 2026
- Shares
- 42,869
- Price
- $64.02
- Value
- $3m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 23 September 2026 | Scarlett Kathleen SEVP, CHRO | Sold | 116,062 | $92.15 | $11m |
| 29 May 2026 | Watson Mathew SVP, Controller & CAO | Sold | 1,784 | $73.80 | $131,659 |
| 23 March 2026 | Watson Mathew SVP, Controller & CAO | Sold | 3,298 | $64.02 | $211,138 |
| 23 March 2026 | Scarlett Kathleen SEVP, Corp Affairs & HR | Sold | 8,049 | $64.02 | $515,297 |
| 23 March 2026 | Hartman Todd G. GC, Chief Risk Officer | Sold | 5,339 | $64.02 | $341,803 |
| 23 March 2026 | Bonfig Jason J SEVP Cust Offer, Fulfill & Can | Sold | 6,336 | $64.02 | $405,631 |
| 23 March 2026 | Bilunas Matthew M SEVP Enterprise Strategy & CFO | Sold | 11,356 | $64.02 | $727,011 |
| 23 March 2026 | Barry Corie S CEO, Director | Sold | 42,869 | $64.02 | $3m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 18 Mar 2026, plus the 10-Q filed 4 Sep 2026 and 6 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have shrunk: 2.5% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.