Best Buy Revenues And Revenue Growth From 2012 To 2016

This report provides the last five years revenues and revenue growth of Best Buy Co Inc (BBY) from 2012 to 2016. Best Buy generated a total of $39.5 billion revenues during 2016. Best Buy reported a revenue growth of -2% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in February.

Best Buy Revenues From 2012 To 2016

Here are the revenues and the revenue growth details of Best Buy during the last five years:

  • Best Buy generated a total of $45.5 billion revenues during 2012. Best Buy reported a revenue growth of -8.6% year-over-year during 2012.
  • Best Buy generated a total of $40.6 billion revenues during 2014. Best Buy reported a revenue growth of -10.7% year-over-year during 2014.
  • Best Buy generated a total of $40.3 billion revenues during 2015. Best Buy reported a revenue growth of -0.7% year-over-year during 2015.
  • Best Buy generated a total of $39.5 billion revenues during 2016. Best Buy reported a revenue growth of -2% year-over-year during 2016.

Why Analyze Revenue Growth?

Revenue growth is the most commonly analyzed financial metric. Revenue Growth is the percent increase (or decrease) of a company's revenue between two time periods. It is computed by using the following formula: ((revenues during the time period two - revenues during the time period one) / revenues during the time period one)*100. If the time periods are two consecutive years, then the revenue growth is referred to as the annual revenue growth year-over-year. If the time periods are two consecutive quarters, then the revenue growth is referred to as the quarterly revenue growth quarter-over-quarter. If the time periods refer to the same quarter in the two consecutive years, then the revenue growth is referred to as quarterly revenue growth year-over-year. In case the time periods are two non-consecutive years, then the revenue CAGR (Commutative Annual Growth Rate) is computed.

Revenue growth analysis is important for a number of reasons. First, it helps in understanding how a business is performing. If the revenue growth rates are positive, it means the business is performing well and the revenues are increasing. If the revenue growth rates are negative, it means the revenues are declining and the company needs to take measures to increase them. If they don't, the company will continue to shrink. Second, a company's historical revenue growth analysis along with the market size and market share analysis helps in forecasting the future revenues of a company. Third, a comparison of a company's growth rates with its competitors helps in determining who is winning more business. A revenue growth higher than the industry average translates into increasing market share. Companies with very high revenue growth rates have the potential to be the industry disrupters.

Best Buy Ranking

With $39.5 billion revenues, Best Buy ranked number 67 in the R&P Research list of top-3000 public companies in the US by revenues during 2016. Each one of the top-3000 companies generated more than $50 million of annual revenues during 2016.

The top-20 companies in the US by revenues during 2016 were:

  1. Walmart ($482.1 billion)
  2. ExxonMobil ($226.1 billion)
  3. Berkshire Hathaway ($223.6 billion)
  4. Apple ($215.6 billion)
  5. McKesson ($190.9 billion)
  6. UnitedHealth Group ($184.8 billion)
  7. CVS Health ($177.5 billion)
  8. General Motors ($166.4 billion)
  9. AT&T ($163.8 billion)
  10. Ford Motor ($151.8 billion)
  11. AmerisourceBergen ($146.8 billion)
  12. Amazon ($136 billion)
  13. Verizon ($126 billion)
  14. General Electric ($123.7 billion)
  15. Cardinal Health ($121.5 billion)
  16. Costco ($118.7 billion)
  17. Walgreens Boots Alliance ($117.4 billion)
  18. Chevron ($114.5 billion)
  19. Kroger ($109.8 billion)
  20. Express Scripts Holding ($100.3 billion)

For the purpose of performance benchmarking of a company with a sector or industry average, R&P Research associates every company with one sector and one industry. An industry consists of companies with related/similar business models. A sector comprises of a group of related/similar industries. For example, Life Sciences sector is comprised of following industries: Pharmaceuticals; Medical Devices; Biotechnology; Diagnostics & Scientific Instruments.

Best Buy is associated with Retail Sector and Specialty Retail Industry.

With $39.5 billion revenues, Best Buy ranked number 7 of all the companies in the US Retail sector. There were a total of 163 public companies in the US Retail sector that had revenues greater than $50 million during 2016.

The top-10 companies in the US Retail sector by revenues during 2016 were:

  1. Walmart ($482.1 billion)
  2. Costco ($118.7 billion)
  3. Kroger ($109.8 billion)
  4. Home Depot ($88.5 billion)
  5. Target ($73.8 billion)
  6. Lowe's ($59.1 billion)
  7. Best Buy ($39.5 billion)
  8. TJX Companies ($30.9 billion)
  9. Macy's ($27.1 billion)
  10. Sears Holdings ($25.1 billion)

Retail sector is comprised of the following industries: Broadline Retail; Grocery Retail; Specialty Retail; Apparel Retail; Home Improvement Retail; Specialized Consumer Services. The definitions for each of the industries is as follows:

  • Broadline Retail industry includes retail outlets and wholesalers offering a wide variety of products including both hard goods and soft goods.
  • Grocery Retail industry includes retail stores that primarily offer non-perishable food that is packaged in cans, bottles and boxes, with some also having fresh produce, butchers, delis, and bakeries
  • Specialty Retail industry includes retailers and wholesalers concentrating on a Single Class of Goods, such as electronics, books, automotive parts or closeouts. It also includes automobile dealerships, video rental stores, dollar stores, duty-free shops and automotive fuel stations not owned by oil companies.
  • Apparel Retail industry consists of retailers and wholesalers specializing mainly in Clothing, Shoes, Jewelry, Sunglasses and Other accessories.
  • Home Improvement Retail industry includes retailers and wholesalers concentrating on the sale of home improvement products, including Garden Equipment, Carpets, Wallpaper, Paint, Home Furniture, Blinds and Curtains, and Building materials.
  • Specialized Consumer Services industry includes providers of consumer services such as Auction Houses, Day-care Centers, Dry Cleaners, Schools, Consumer Rental Companies, Veterinary Clinics, Hair Salons and providers of Funeral, Lawn-maintenance, Consumer-storage, Heating and Cooling installation and Plumbing services.

With $39.5 billion revenues, Best Buy ranked number 1 of all the companies in the US Specialty Retail industry. There were a total of 50 public companies in the US Specialty Retail industry that had revenues greater than $50 million during 2016.

The top-10 companies in the US Specialty Retail industry by revenues during 2016 were:

  1. Best Buy ($39.5 billion)
  2. AutoNation ($21.6 billion)
  3. Penske Automotive Group ($20.1 billion)
  4. Staples ($18.8 billion)
  5. CarMax ($15.1 billion)
  6. Murphy USA ($11.6 billion)
  7. CST Brands ($11.1 billion)
  8. Office Depot ($11 billion)
  9. Group 1 Automotive ($10.9 billion)
  10. Sonic Automotive ($9.7 billion)

Companies Segmentation

To identify and analyze high/low growth or most/least profitable similar-size companies in different sectors or industries, R&P research classifies all companies into different segments based upon their revenues, revenue growth, and net profit margins.

Based upon their annual revenues, the companies are classified into one of the following four segments:

  1. Mega companies, having revenues greater than $50 billion.
  2. Very Large companies, having revenues between $10 billion and $50 billion.
  3. Large companies, having revenues between $1 billion and $10 billion.
  4. Mid-size companies, having revenues between $50 million and $1 billion.

With $39.5 billion revenues, Best Buy was in the Very Large companies revenue segment during 2016. There were a total of 239 companies in the Very Large companies revenue segment during 2016.

Based upon their annual revenue growth, the companies are classified into one of the following eight segments:

  1. Very High positive growth companies, having annual revenue growth greater than 50%.
  2. High positive growth companies, having annual revenue growth between 20% and 50%.
  3. Medium positive growth companies, having annual revenue growth between 5% and 20%.
  4. Low positive growth companies, having annual revenue growth between 0% and 5%.
  5. Low negative growth companies, having annual revenue growth between -5% and 0%.
  6. Medium negative growth companies, having annual revenue growth between -20% and -5%.
  7. High negative growth companies, having annual revenue growth between -50% and -20%.
  8. Very High negative growth companies, having annual revenue growth less than -50%.

With -2% revenue growth year-over-year, Best Buy was in the Low negative revenue growth segment during 2016. There were a total of 384 companies in the Low negative revenue growth segment during 2016. Of the US top-3000 companies, 1985 (nearly two-third of the total) had positive revenue growth and 1015 (nearly one-third of the total) had negative revenue growth during 2016.

Based upon their annual net profit margin, the companies are classified into one of the following eight segments:

  1. Very High positive margin companies, having net profit margin greater than 50%.
  2. High positive margin companies, having net profit margin between 20% and 50%.
  3. Medium positive margin companies, having net profit margin between 5% and 20%.
  4. Low positive margin companies, having net profit margin between 0% and 5%.
  5. Low negative margin companies, having net profit margin between -5% and 0%.
  6. Medium negative margin companies, having net profit margin between -20% and -5%.
  7. High negative margin companies, having net profit margin between -50% and -20%.
  8. Very High negative margin companies, having net profit margin less than -50%.

With a net margin of 2.3%, Best Buy was in the Low positive net profit margin segment during 2016. There were a total of 707 companies in the Low positive net profit margin segment during 2016. Of the US top-3000 companies, 2244 (nearly three-fourth of the total) had positive net profit margin and 756 (nearly one-fourth of the total) had negative net profit margin during 2016.

Company Business Summary

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates through two reportable segments, Domestic and International. Its stores provide consumer electronics, such as home theater, home automation, digital imaging, health and fitness, and portable audio products; computing and mobile phones, including computing and peripherals, networking, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, such as gaming hardware and software, movie, music, technology toy, and other software products. The company's stores also offer appliances, which include refrigeration and laundry appliances, dishwashers, ovens, coffee makers, blenders, etc.; and other products comprising snacks, beverages, and other sundry items. In addition, it provides services, such as consultation, design, delivery, installation, set-up, protection plan, repair, technical support, and educational services. The company offers its products through stores and Websites under the Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, Pacific Kitchen and Home, bestbuy.com.ca, and bestbuy.com.mx brand names, as well as through call centers. It has approximately 1,200 large-format and 400 small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota.

Data Source

The chart and the data on this page are sourced from the R&P Research Industry Intelligence Platform. The platform provides the key financial metrics for all the public companies in the United States. The platform empowers users to compare last five or 15 years financial data of a company with the other companies or the industry averages. This benchmarking exercise yields powerful insights that can drive better business decisions.


Industry Peers and Competitors of Best Buy

AutoNation (AN) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

AutoNation, Inc. with $22 billion revenues in the year 2016 was the number 2 Specialty Retail company. Read this report to know the top competitors of AutoNation and identify growth and cost optimization opportunities of AutoNation

Penske Automotive Group (PAG) Business Analysis – Analyze Historical Performance, Strategic...

Penske Automotive Group, Inc. with $20 billion revenues in the year 2016 was the number 3 Specialty Retail company. Read this report to know the top competitors of Penske Automotive Group and identify growth and cost optimization opportunities of Penske Automotive Group

Staples (SPLS) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Staples Inc with $19 billion revenues in the year 2016 was the number 4 Specialty Retail company. Read this report to know the top competitors of Staples and identify growth and cost optimization opportunities of Staples

CarMax (KMX) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

CarMax Inc with $15 billion revenues in the year 2016 was the number 5 Specialty Retail company. Read this report to know the top competitors of CarMax and identify growth and cost optimization opportunities of CarMax

Murphy USA (MUSA) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Murphy USA Inc. with $12 billion revenues in the year 2016 was the number 6 Specialty Retail company. Read this report to know the top competitors of Murphy USA and identify growth and cost optimization opportunities of Murphy USA

CST Brands (CST) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

CST Brands, Inc. with $11 billion revenues in the year 2016 was the number 7 Specialty Retail company. Read this report to know the top competitors of CST Brands and identify growth and cost optimization opportunities of CST Brands

Revenues Analysis

Best Buy (BBY) Revenues And Revenue Growth From 2012 To 2016

This report provides the last five years revenues and revenue growth of Best Buy Co Inc (BBY) from 2012 to 2016. Best Buy generated a total of $39.5 billion revenues during 2016. Best Buy reported a revenue growth of -2% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in February.

Best Buy (BBY) Revenues And Revenue Growth From 2002 To 2016

This report provides the last fifteen years revenues and revenue growth of Best Buy Co Inc (BBY) from 2002 to 2016. Best Buy generated a total of $39.5 billion revenues during 2016. Best Buy reported a revenue growth of -2% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in February.

Best Buy (BBY) Revenue Growth Comparison With Industry Growth From 2012...

This report provides a comparison of Best Buy Co Inc (BBY) revenue growth with Specialty Retail industry growth during the last five years from 2012 to 2016. Best Buy reported a revenue growth of -2% year-over-year during 2016. The Specialty Retail industry growth was -1.6% year-over-year during 2016. Best Buy growth was slower than the industry during 2016.

Profit Analysis

Best Buy (BBY) Net Profit And Net Margin From 2014 To...

This report provides the last three years net profit and net margin of Best Buy Co Inc (BBY) from 2014 to 2016. Best Buy reported a total net income of $897 million during 2016. Best Buy generated a total of $39.5 billion revenues during 2016. Best Buy net profit margin was 2.3% during 2016. The net profit and the net profit margin correspond to the fiscal year ending in February.

Best Buy (BBY) Net Profit And Net Margin From 2002 To...

This report provides the last fifteen years net profit and net margin of Best Buy Co Inc (BBY) from 2002 to 2016. Best Buy reported a total net income of $897 million during 2016. Best Buy generated a total of $39.5 billion revenues during 2016. Best Buy net profit margin was 2.3% during 2016. The net profit and the net profit margin correspond to the fiscal year ending in February.

Best Buy (BBY) Net Profit Margin Comparison With Industry From 2012...

This report provides a comparison of Best Buy Co Inc (BBY) net profit margin with Specialty Retail industry net profit margin during the last five years from 2012 to 2016. Best Buy reported a net profit margin of 2.3% during 2016. The Specialty Retail industry net profit margin was 2.7% during 2016. Best Buy was less profitable than the industry during 2016.

Cost & Expenses Analysis

Best Buy (BBY) Cost of Sales (COGS) Analysis From 2012 To...

This report provides the last five years cost of sales (COGS) analysis of Best Buy Co Inc (BBY) from 2012 to 2016. Best Buy spent a total of $30.3 billion on COGS during 2016. Best Buy generated a total of $39.5 billion revenues during 2016. As a percentage of revenues, Best Buy spent 76.7% of its total revenues on COGS during 2016. The cost of sales (COGS) numbers are for the fiscal year ending in February.

Best Buy (BBY) Research & Development (R&D) Spending Analysis 2016

R&D spending analysis for Best Buy is not available because either the company does not provide the data or we don't have it.

Best Buy (BBY) Sales, Marketing, General & Administrative (SG&A) Spending Analysis...

This report provides the last five years sales, marketing, general & administrative (SG&A) expenses of Best Buy Co Inc (BBY) from 2012 to 2016. Best Buy spent a total of $7.6 billion on sales, marketing, general, and administrative (SG&A) activities during 2016. Best Buy generated a total of $39.5 billion revenues during 2016. As a percentage of revenues, Best Buy spent 19.3% of its total revenues on SG&A activities during 2016. The SG&A spending numbers are for the fiscal year ending in February.

Working Capital Analysis

Best Buy (BBY) Inventory Spending Analysis From 2012 To 2016

This report provides the last five years inventory spending analysis of Best Buy Co Inc (BBY) from 2012 to 2016. Best Buy invested a total of $5.1 billion on inventories during 2016. Best Buy generated a total of $39.5 billion revenues during 2016. As a percentage of revenues, Best Buy invested 12.8% of its total revenues on inventories during 2016. The inventory numbers are for the fiscal year ending in February.

Best Buy (BBY) Accounts Receivable (A/R) Analysis From 2012 To 2016

This report provides the last five years Accounts Receivable (A/R) analysis of Best Buy Co Inc (BBY) from 2012 to 2016. Best Buy invested a total of $1.2 billion on accounts receivable during 2016. Best Buy generated a total of $39.5 billion revenues during 2016. As a percentage of revenues, Best Buy invested 2.9% of its total revenues on accounts receivable during 2016. The accounts receivable numbers are for the fiscal year ending in February.

Best Buy (BBY) Accounts Payable (A/P) Analysis From 2012 To 2016

This report provides the last five years Accounts Payable (A/P) analysis of Best Buy Co Inc (BBY) from 2012 to 2016. Best Buy invested a total of $4.5 billion on accounts payable during 2016. Best Buy generated a total of $39.5 billion revenues during 2016. As a percentage of revenues, Best Buy invested 11.3% of its total revenues on accounts payable activities during 2016. The accounts payable numbers are for the fiscal year ending in February.

Asset Management Analysis

Best Buy (BBY) Property, Plant & Equipment (PP&E) Investment Analysis From...

This report provides the last five years property, plant & equipment (PP&E) investment analysis of Best Buy Co Inc (BBY) from 2012 to 2016. Best Buy invested a total of $2.3 billion on property, plant & equipment (PP&E) activities during 2016. Best Buy generated a total of $39.5 billion revenues during 2016. As a percentage of revenues, Best Buy invested 5.9% of its total revenues on PP&E activities during 2016. The PP&E investment numbers are for the fiscal year ending in February.

Best Buy (BBY) Intangible Assets Analysis From 2012 To 2016

This report provides the last five years Intangible assets analysis of Best Buy Co Inc (BBY) from 2012 to 2016. Best Buy invested a total of $425 million on Intangible assets during 2016. Best Buy generated a total of $39.5 billion revenues during 2016. As a percentage of revenues, Best Buy invested 1.1% of its total revenues on intangible assets during 2016. The Intangible asset numbers are for the fiscal year ending in February.

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