DICK'S SPORTING GOODS, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data DICK'S SPORTING GOODS, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	7,922	8,590	8,437	8,751	9,584	12,293	12,368	12,984	13,443	17,215
Cost of revenue	5,556	6,101	5,999	6,196	6,533	7,581	8,084	8,451	8,617	11,548
Gross profit	2,366	2,489	2,438	2,555	3,051	4,712	4,285	4,534	4,826	5,667
Selling, general and administrative	1,876	1,982	1,987	2,174	2,299	2,664	2,800	3,184	3,294	4,338
Operating income	450	478	445	376	741	2,035	1,463	1,282	1,474	1,096
Interest expense	5.86	8.05	10.2	17	48.8	57.8	95.2	58	53	64.3
Other non-operating income	14.4	31.8	-2.57	15.3	19.1	17.8	15.9	93.8	98.1	110
Pre-tax income	458	501	432	408	712	1,994	1,384	1,318	1,519	1,142
Income tax	171	178	112	110	181	475	341	272	354	293
Net income	287	323	320	297	530	1,520	1,043	1,047	1,165	849
EBITDA	684	715	689	683	1,067	2,357	1,828	1,676	1,874	1,585
EPS, basic	2.59	3.02	3.27	3.40	6.29	18.27	13.43	12.72	14.48	10.22
EPS, diluted	2.56	3.01	3.24	3.34	5.72	13.87	10.78	12.18	14.05	9.97
Shares, basic (weighted)	111	107	97.7	87.5	84.3	83.2	77.7	82.3	80.5	83.1
Shares, diluted (weighted)	112	108	98.8	89.1	92.6	110	99.3	85.9	82.9	85.1
Dividend per share	0.61	0.68	0.90	1.10	1.25	7.10	1.95	4.00	4.40	4.85

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	165	101	114	69.3	1,658	2,643	1,924	1,801	1,690	1,353
Receivables	75.2	60.1	38	53.2	53.1	68.3	71.3	115	214	476
Inventory	1,639	1,711	1,825	2,202	1,954	2,298	2,831	2,849	3,350	4,908
Other current assets	115	129	140	79.5	88.5	95.6	128	121	159	299
Total current assets	1,996	2,006	2,122	2,410	3,760	5,107	4,963	4,890	5,418	7,105
Property, plant and equipment	1,523	1,677	1,565	1,416	1,300	1,320	1,313	1,638	2,070	3,513
Lease right-of-use assets			0	2,314	2,150	2,045	2,138	2,257	2,367	4,595
Goodwill	245	250	250	246	246	246	246	246	246	864
Intangible assets	141	137	130	94.8	90.1	86.8	60.4	56.7	58.6	769
Other non-current assets	108	120	106	134	156	203	230	186	247	484
Total assets	4,058	4,204	4,187	6,629	7,753	9,042	8,992	9,312	10,459	17,411
Accounts payable	756	843	890	1,002	1,258	1,281	1,206	1,289	1,498	1,987
Accrued liabilities	384	354	364	416	518	620	509	551	653	1,115
Short-term debt	0.65	5.2	5.26	0
Total current liabilities	1,397	1,425	1,505	2,076	2,550	2,713	2,641	2,752	3,080	4,644
Long-term debt	4.68	60.1	54.8
Lease liabilities			0	2,453	2,259	2,099	2,118	2,288	2,500	4,836
Other non-current liabilities	101	113	767	134	185	198	168	171	196	282
Total liabilities	2,129	2,262	2,283	4,897	5,413	6,940	6,468	6,694	7,260	11,871
Total debt	5.33	65.3	51.6	0					1,500	1,939
Paid-in capital	1,131	1,178	1,214	1,254	1,442	1,489	1,417	1,449	1,495	3,725
Retained earnings	1,956	2,206	2,455	2,645	3,065	3,957	4,878	5,589	6,393	6,828
Treasury stock	-1,158	-1,443	-1,766	-2,168	-2,168	-3,345	-3,771	-4,421	-4,690	-5,031
Other comprehensive income	-0.13	-0.08	-0.12	-0.12	-0.05	-0.08	-0.25	-0.33	-0.76	17.8
Shareholders' equity	1,929	1,942	1,904	1,732	2,340	2,102	2,525	2,617	3,198	5,540
Total equity	1,929	1,942	1,904	1,732	2,340	2,102	2,525	2,617	3,198	5,540
Total liabilities and equity	4,058	4,204	4,187	6,629	7,753	9,042	8,992	9,312	10,459	17,411

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	287	323	320	297	530	1,520	1,043	1,047	1,165	849
Depreciation and amortization	234	238	244	307	326	323	365	394	400	489
Stock-based compensation	33.6	36.2	41.9	43.5	50.2	52.8	50.6	57.3	71	124
Deferred income tax	-45	42.5	-5.26	-1.16	-46.3	16.5	23.1	3.34	-14.8	99.8
Change in receivables	-4.13	-0.21	16.2	0.4	2.31	2.01	-13.6	-4.24	-11.9	-18
Change in inventory	-84.7	-71.8	-94.1	-378	249	-344	-533	18.8	-501	181
Change in payables	59.9	125	126	94.2	199	37.8	14	20.4	186	-122
Cash from operations	769	746	713	405	1,553	1,617	922	1,527	1,312	1,537
Capital expenditures	-422	-474	-198	-217	-224	-308	-364	-587	-803	-1,137
Acquisitions	-119	-8.96	0	0				0	0	257
Purchases of investments										-120
Cash from investing	-550	-486	-198	-129	-224	-344	-393	-615	-797	-1,054
Stock issued	31.1	16.6	0	5.57	37.6	26.3	23.7	15.2	18	1.51
Share buybacks	-146	-285	-323	-402	0	-1,145	-458	-649	-263	-347
Dividends paid	-68	-73.1	-89.3	-98.3	-107	-603	-163	-351	-362	-414
Cash from financing	-173	-324	-502	-320	260	-288	-1,248	-1,036	-626	-821
Exchange rate effect		0.05	-0.04	0	0.07	-0.03	-0.17	-0.08	-0.43	1.74
Net change in cash	45.8	-63.5	12.4	-44.3	1,589	985	-719	-123	-111	-337
Free cash flow	347	272	515	187	1,329	1,309	558	940	509	400
Interest paid	4.98	8.6	9.32	16.4	20.5	22.9	69.2	57.5	50.7	52.8
Income taxes paid	197	186	114	124	203	488	307	243	399	256

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to August 1, 2026; growth uses fiscal years. Valuation uses the share price of $136.43 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	32.1%	Gross profit / revenue.
Operating margin	5.5%	Operating income / revenue.
EBITDA margin	8.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	5.5%	Pre-tax income / revenue.
Net margin	4.0%	Net income / revenue.
FCF margin	1.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	7.5%	Cash from operations / revenue.
Effective tax rate	28.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	14.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	4.6%	Net income / average total assets.
Return on invested capital (ROIC)	17.4%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	25.0%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.7%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	6.4%	Capital expenditures / revenue.
D&A / revenue	2.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	28.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	11.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	12.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	17.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	9.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	13.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-25.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-9.2%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	8.1%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-15.5%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-4.7%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	8.2%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-27.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-6.6%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	9.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-29.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-2.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	11.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	17.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	18.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-0.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-21.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-10.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-21.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	10.2%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	35.5%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	31.1%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	73.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	29.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	18.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	66.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	24.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	17.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	2.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-5.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.7%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.48x	Current assets / current liabilities.
Quick ratio	0.28x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.19x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	68.6%	Total liabilities / total assets.
Interest coverage	16.4x	Operating income / interest expense.
Working capital	$2.39B	Current assets - current liabilities.
Goodwill and intangibles / assets	8.8%	(Goodwill + intangible assets) / total assets.
Tangible book value	$4.13B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.16x	Revenue / average total assets.
Fixed asset turnover	5.30x	Revenue / average property, plant and equipment.
Inventory turnover	2.58x	Cost of revenue / average inventory.
Days inventory	141 days	365 x average inventory / cost of revenue.
Receivables turnover	46.2x	Revenue / average receivables.
Days sales outstanding	8 days	365 x average receivables / revenue.
Days payables	57 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	92 days	Days inventory + days sales outstanding - days payables.
FCF conversion	28.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	85.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$9.31	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$234.61	Revenue / diluted weighted shares.
FCF per share	$2.66	Free cash flow / diluted weighted shares.
Operating cash flow per share	$17.69	Cash from operations / diluted weighted shares.
Book value per share	$63.53	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$45.77	Tangible book value / shares outstanding.
Cash per share	$10.14	(Cash + short-term investments) / shares outstanding.
Payout ratio	52.8%	Dividends paid / net income, when net income is positive.
Dividends / FCF	184.9%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	77.1%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$12.21B	Share price x shares outstanding.
Enterprise value	$11.30B	Market cap + total debt - cash - short-term investments.
P/E	14.6x	Market cap / net income. Only when net income is positive.
P/S	0.58x	Market cap / revenue.
P/B	2.13x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.96x	Market cap / tangible book value, when positive.
P/FCF	51.0x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	7.66x	Market cap / cash from operations, when positive.
EV/Sales	0.53x	Enterprise value / revenue.
EV/EBIT	9.66x	Enterprise value / operating income, when both are positive.
EV/EBITDA	6.39x	Enterprise value / EBITDA, when both are positive.
EV/FCF	47.2x	Enterprise value / free cash flow, when both are positive.
FCF yield	2.0%	Free cash flow / market cap.
Earnings yield	6.9%	Net income / market cap (the inverse of P/E).
Dividend yield	3.6%	Dividends paid over the period / market cap.
Shareholder yield	5.1%	(Dividends paid + share buybacks) / market cap.

What was DICK'S SPORTING GOODS, INC.'s revenue in fiscal 2025?

DICK'S SPORTING GOODS, INC. reported revenue of $17.22B for fiscal 2025, 28.1% higher than the year before.

Was DICK'S SPORTING GOODS, INC. profitable in fiscal 2025?

Yes. Net income was $849.2M, a net margin of 4.9%.

How much free cash flow did DICK'S SPORTING GOODS, INC. generate in fiscal 2025?

Cash from operations of $1.54B minus capital expenditures of $1.14B left free cash flow of $400.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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