Revenue and profitability
- Q4 2024 revenue: USD 4,095,601,000; YoY growth 6.88%; QoQ change -6.16% (seasonality and prior-year mix).
- Gross profit: USD 2,101,032,000; gross margin 51.30%; YoY gross profit growth 6.79%; QoQ -6.67%.
- Operating income: USD 738,650,000; operating margin 18.03%; YoY +2.77%; QoQ -17.63%.
- Net income: USD 551,130,000; net margin 13.46%; YoY change -0.25%; QoQ -17.18%.
- EPS (diluted): USD 0.633–0.637 range observed; reported EPS 0.637; YoY EPS decline ~93.17%; QoQ -16.71%.
Cash flow and capital allocation
- Cash flow from operations: USD 624,487,000; capex: USD 290,471,000; free cash flow: USD 334,016,000; free cash flow per share: USD 5.79.
- Share repurchases: USD 472,020,000; common stock issued: USD 16,155,999; debt repayments: USD 547,780,000; other financing activities: USD 678,020,000; net cash from financing: -USD 325,624,000.
- Cash position: USD 130,245,000 at period end; no dividends paid during the period.
Balance sheet and leverage
- Total assets: USD 14.8937 billion; total liabilities: USD 16.2647 billion; total stockholders’ equity: negative USD 1.3709 billion (negative book value).
- Total debt: USD 7.9209 billion; net debt: USD 7.7906 billion.
- Liquidity: current ratio 0.705, quick ratio 0.0898, cash ratio 0.0157; suggest limited near-term liquidity headroom on a strict current-basis view despite positive operating cash flow.
Efficiency and working capital
- Days sales outstanding: 10.9 days; days inventory outstanding: 229.94 days; days payables outstanding: 294.42 days; cash conversion cycle: -53.58 days.
- Inventory level: USD 5.0958 billion; inventory turnover 0.391x; implies elevated working capital and slower turnover relative to historical retail metrics.
- Asset turnover: 0.261x; fixed asset turnover: 0.517x; return on assets: 3.51%; return on equity: negative due to equity position; return on capital employed: 9.98%.
Valuation and market context
- P/E: 30.97x; price-to-sales: 16.67x; price-to-book: negative due to negative book value; price-to-free cash flow: 204.43x.
- Enterprise value multiple: 88.13x; implied market sensitivity to leverage and negative equity in the current base.
- Dividend yield: 0.0%; no current dividend payments.
- Shares outstanding: 865.09 million (basic); diluted 838.64 million.
Notes on guidance and cadence
- The data set does not include explicit management forward guidance or transcripts content. No management quotes are available in the provided earnings transcript data.