Best Buy Co Inc (0R18.L) Q2 2025: 0r18 L

Executive Summary

Best Buy reported a solid sequential improvement in Q2 FY2025 (QQ2 2025) with revenue of $9.29 billion, marking a 4.98% quarter-over-quarter uptick but a pronounced year-over-year decline of 36.58%. The quarter benefited from a rebased top line versus the prior-year period that was boosted by aggressive promotions and high holiday-season demand. Gross profit stood at $2.186B for a gross margin of 23.54%, while operating income reached $383M (operating margin ~4.12%) and net income was $291M (net margin ~3.13%), translating to EPS of $1.35 (diluted $1.34). EBITDA totaled $622M with an EBITDA margin near 6.7%. These metrics underscore a margin-resilient air amidst a challenged revenue base, driven by disciplined cost management and mix effects.

Key Performance Indicators

Revenue

9.29B

QoQ: 4.98% | YoY:-36.58%

Gross Profit

2.19B

23.54% margin

QoQ: 6.22% | YoY:-27.04%

Operating Income

383.00M

QoQ: 17.13% | YoY:-47.53%

Net Income

291.00M

QoQ: 18.29% | YoY:-36.74%

EPS

1.35

QoQ: 18.42% | YoY:-36.62%

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Revenue: $9.29B; YoY revenue change: -36.58%; QoQ revenue change: +4.98%\nGross Profit: $2.186B; Gross margin: 23.54%; YoY gross profit change: -27.04%; QoQ: +6.22%\nOperating Income: $383M; Operating margin: 4.12%; YoY: -47.53%; QoQ: +17.13%\nNet Income: $291M; Net margin: 3.13%; YoY: -36.74%; QoQ: +18.29%\nEPS (diluted): $1.34-$1.35; YoY EPS change: -36.62%; QoQ: +18.42%\nEBITDA: $622M; EBITDA margin: ~6.7%\nFree Cash Flow: $478M; FCF margin: ~5.15%\nCFO: $661M; Capex: $183M; FCF per share: $2.21\nLiquidity/Balance Sheet: Cash & equivalents $1.387B; Cash at end $1.698B; Total assets $15.624B; Total liabilities $12.517B; Total equity $3.107B; Total debt $4.096B; Net debt $2.709B; Current ratio 1.01; Quick ratio 0.34; Cash ratio 0.164; Inventory $5.706B; DIO ~72 days; DSO ~8.44 days; DPO ~70.23 days; Debt-to-capitalization 0.569; Net debt-to-EBITDA ~4.36x; Dividend yield ~1.14%; Stock repurchases $98M; Dividends paid $203M.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	9.29B	-36.58%	4.98%
Gross Profit	2.19B	-27.04%	6.22%
Operating Income	383.00M	-47.53%	17.13%
Net Income	291.00M	-36.74%	18.29%
EPS	1.35	-36.62%	18.42%

Key Financial Ratios

currentRatio

1.01

grossProfitMargin

23.5%

operatingProfitMargin

4.12%

netProfitMargin

3.13%

returnOnAssets

1.86%

returnOnEquity

9.37%

debtEquityRatio

1.32

operatingCashFlowPerShare

$3.06

freeCashFlowPerShare

$2.21

dividendPayoutRatio

69.8%

priceToBookRatio

5.73

priceEarningsRatio

15.28

Net Income vs. Revenue

Expense Breakdown

Competitive Position

Company	Gross Margin	Operating Margin	Return on Equity	P/E Ratio
0R18.L Focus	23.54%	4.12%	9.37%	15.28%
0I0J.L	43.60%	13.80%	-4.71%	25.89%
0JC3.L	64.50%	46.00%	2.37%	31.13%
0KEF.L	1.01%	52.30%	2.77%	11.62%
0HJF.L	89.80%	23.50%	11.40%	47.48%

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2026	9,438.00	0.87	+1.6%	View
Q1 2026	8,767.00	0.95	-0.9%	View
Q4 2025	13,948.00	0.54	+57.7%	View
Q3 2025	9,445.00	1.26	-35.5%	View
Q2 2025	9,288.00	1.34	-36.6%	View

Best Buy Co Inc (0R18.L) Q2 2025 Earnings Report

Earnings Highlights

Best Buy Co. Inc. (0R18.L) QQ2 2025 Results – Revenue Rebound With Margin Resilience in US Specialty Retail

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

Best Buy Co Inc (0R18.L) Q2 2025 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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