Best Buy management check
BBY · Consumer Discretionary · Computer & Electronics Retail · CEO Ms. Barry
Filings as of
4 good · 2 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2022 grew to $74, against $164 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.68 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.6% of net income$17.3m of reported pay in fiscal 2026, against $1.1bn of net income.
- Watch
Do they own the stock?
Insiders are selling2 insiders sold $10.8m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -1.5% a year over the last three fiscal years. Stock-based pay was 0.3% of revenue in the latest year.
- Good
Is leadership stable?
9 leadership filings in 3 yearsCEO in the pay table: Ms. Barry. 9 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 70 | |
| Pay for performance | 84 | 79 | |
| CEO cost | 33 | 44 | |
| Skin in the game | — | — | 36 |
| Dilution | 68 | 74 | |
| Stable leadership | 80 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Nearest in rank in Consumer Discretionary, by management score. Best Buy is 33rd of 47 in its sector.
- 292ROSTRoss Stores62
- 303DRIDarden Restaurants61
- 306BBYBest Buy61
- 311TSCOTractor Supply60
- 315DASHDoorDash60
- 324DPZDomino's60
Pay versus performance
From the proxy statement filed April 30, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Ms. Barry | $17.3m | $2.7m | $4.4m | $74 | $164 | $1.1bn |
| 2025 | Ms. Barry | $16.2m | $19.5m | $4.3m | $93 | $161 | $927.0m |
| 2024 | Ms. Barry | $14.4m | $9.2m | $3.9m | $78 | $115 | $1.2bn |
| 2023 | Ms. Barry | $12.8m | $3.3m | $2.9m | $84 | $89 | $1.4bn |
| 2022 | Ms. Barry | $15.6m | $8.7m | $5.3m | $92 | $109 | $2.5bn |
The board says pay is tied most to Compensable Enterprise Operating Income. Its other key measures: Compensable Enterprise Revenue, Relative TSR.
Insiders and the CEO's stake
2 insiders sold $10.8m in the last six months and none bought.
- SoldKathleen ScarlettSEVP, CHRO$10.7mSep 23, 2026
- SoldMathew WatsonSVP, Controller & CAO$132kMay 29, 2026
Leadership and governance on file
- Aug 3, 2026Leadership change8-K 5.02
- Jun 22, 2026Leadership change8-K 5.02
- Apr 22, 2026Leadership change8-K 5.02
- Dec 10, 2025Leadership change8-K/A 5.02
- Dec 1, 2025Leadership change8-K 5.02
- Sep 12, 2025Leadership change8-K 5.02
- Jul 11, 2025Leadership change8-K 5.02
- Mar 7, 2024Leadership change8-K 5.02
- Dec 13, 2023Leadership change8-K/A 5.02
- Sep 12, 2023Leadership change8-K/A 5.02
- Aug 1, 2023Leadership change8-K 5.02
- Apr 27, 2023Leadership change8-K 5.02
Latest shareholder vote results: Jun 17, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $9.5bn returned to owners in buybacks and dividends, 134% of net income, and $702.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $51.8bn | $46.3bn | $43.5bn | $41.5bn | $41.7bn |
| Net income | $2.5bn | $1.4bn | $1.2bn | $927.0m | $1.1bn |
| Stock-based pay | $141.0m | $138.0m | $145.0m | $139.0m | $139.0m |
| Buybacks | $3.5bn | $1.0bn | $340.0m | $500.0m | $273.0m |
| Dividends | $688.0m | $789.0m | $801.0m | $807.0m | $801.0m |
| Diluted shares | 249m | 226m | 219m | 217m | 212m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.