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We offer our customers, referred to as "guests," fashionable, differentiated merchandise and everyday essentials at discounted prices. We operate as a single segment designed to enable guests to purchase products seamlessly in stores or through our digital channels.
$126.15
+$3.82 (+3.12%)
Price from 13 days ago
Operating margin is thin at 4.88%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 1.7% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 37% versus the prior year, cash generation momentum has weakened. Net debt of $12.38B represents 4.4x FCF, leverage limits flexibility.
16.7x earnings, 19.0x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$106.38B
▼ -1.7% YoY
Net Income (TTM)
$3.45B
▼ -9.4% YoY
Op. Margin
4.49%
▼ -0.3pp YoY
ROIC
10.53%
▼ -1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3.03B
▼ -36.7% YoY
Op. Cash Flow (TTM)
$7.00B
▼ -10.9% YoY
Net Debt
$15.30B
Cash & Equiv.
$3.53B
5Y CAGR: +2.3%
5Y CAGR: -18.5%
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