Tearsheet

GameStop (GME)


Market Price (9/18/2025): $26.15 | Market Cap: $11.7 Bil
Sector: Consumer Discretionary | Industry: Computer & Electronics Retail

GameStop (GME)


Market Price (9/18/2025): $26.15
Market Cap: $11.7 Bil
Sector: Consumer Discretionary
Industry: Computer & Electronics Retail

Investment Highlights

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -37%
Weak multi-year price returns
2Y Excs Rtn is -1.2%, 3Y Excs Rtn is -71%
Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 80x
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -37%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
2 Weak multi-year price returns
2Y Excs Rtn is -1.2%, 3Y Excs Rtn is -71%
3 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%
4 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 80x
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%

Market Valuation

 9/18/25202420232022
Share Price CYE$26.15$31.34$17.53$18.46
Market Cap CYE ($ Bil)11.713.75.45.6
Total Debt ($ Bil)4.40.40.60.6
Total Cash ($ Bil)8.74.81.21.4
Enterprise Value ($ Bil)7.414.16.06.2
Valuation Ratios    
P/S TTM3.03.21.00.9
P/EBIT TTM80.6-748.5-180.1-18.2
P/E TTM32.394.1798.3-17.9
Sector Ratios    
P/S TTM (Sector)0.80.80.90.8
P/EBIT TTM (Sector)7.26.97.05.5
P/E TTM (Sector)9.58.18.97.3
 9/18/252024
Share Price CYE$26.15$31.34
Market Cap CYE ($ Bil)11.713.7
Total Debt ($ Bil)4.40.4
Total Cash ($ Bil)8.74.8
Enterprise Value ($ Bil)7.414.1
Valuation Ratios  
P/S TTM3.03.2
P/EBIT TTM80.6-748.5
P/E TTM32.394.1
Sector Ratios  
P/S TTM (Sector)0.80.8
P/EBIT TTM (Sector)7.26.9
P/E TTM (Sector)9.58.1

Business Description

GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It also sells collectibles comprising licensed merchandise primarily related to the gaming, television, and movie industries, as well as pop culture themes. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
GME Return210%688%-50%-5%79%-17%1540%
Peers Return40%15%-28%21%35%5%99%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AMZN, WMT, TGT, EBAY, BBY. See GME Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

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Financials

GMEAMZNWMTTGTEBAYBBYMedian
NameGameStop Amazon.c.Walmart Target eBay Best Buy  
Mkt Price26.10231.62104.2788.9389.9673.5789.44
Mkt Cap11.72,463.7831.940.442.015.641.2
Rev LTM3,848670,038693,153105,64010,31241,59873,619
Op Inc LTM14576,19028,9885,4242,3031,7243,864
FCF LTM48213,48113,7532,9442,1281,3522,536
FCF 3Y Avg22821,67714,9863,2821,9481,5182,615
CFO LTM497121,13738,4386,3862,5862,0644,486
CFO 3Y Avg25696,97736,7077,4702,4232,2954,946

Growth & Margins

GMEAMZNWMTTGTEBAYBBYMedian
NameGameStop Amazon.c.Walmart Target eBay Best Buy  
Rev Chg LTM-15.5%10.9%4.2%-1.5%1.5%-2.2%-0.0%
Rev Chg 3Y Avg-13.8%11.3%5.7%-0.7%0.2%-5.4%-0.2%
Rev Chg Q21.8%13.3%4.8%-0.9%1.1%1.6%3.2%
QoQ Delta Rev Chg LTM4.7%3.0%1.2%-0.2%0.3%0.4%0.8%
Op Mgn LTM3.8%11.4%4.2%5.1%22.3%4.1%4.7%
Op Mgn 3Y Avg0.3%7.9%4.0%5.1%21.6%4.1%4.6%
QoQ Delta Op Mgn LTM2.2%0.3%-0.1%-0.3%-0.2%-0.0%-0.1%
CFO/Rev LTM12.9%18.1%5.5%6.0%25.1%5.0%9.5%
CFO/Rev 3Y Avg5.8%15.8%5.5%7.0%24.0%5.3%6.4%
FCF/Rev LTM12.5%2.0%2.0%2.8%20.6%3.3%3.0%
FCF/Rev 3Y Avg5.2%3.5%2.3%3.1%19.3%3.5%3.5%

Valuation

GMEAMZNWMTTGTEBAYBBYMedian
NameGameStop Amazon.c.Walmart Target eBay Best Buy  
Mkt Cap11.72,463.7831.940.442.015.641.2
P/S3.03.71.20.44.10.42.1
P/EBIT80.528.926.77.316.014.121.4
P/E32.234.939.010.320.620.026.4
P/CFO23.520.321.66.316.27.518.3
Total Yield3.1%2.9%3.4%14.8%6.1%10.2%4.8%
Dividend Yield0.0%0.0%0.9%5.1%1.3%5.2%1.1%
FCF Yield 3Y Avg2.4%1.1%2.8%5.6%6.9%9.1%4.2%
D/E0.40.10.10.50.20.30.2
Net D/E-0.40.00.10.40.10.20.1

Returns

GMEAMZNWMTTGTEBAYBBYMedian
NameGameStop Amazon.c.Walmart Target eBay Best Buy  
1M Rtn12.9%0.1%3.5%-15.3%-8.9%2.5%1.3%
3M Rtn11.3%9.0%9.9%-5.5%16.4%8.6%9.4%
6M Rtn10.1%18.5%21.7%-13.4%34.8%2.4%14.3%
12M Rtn29.5%23.9%34.0%-39.2%40.9%-22.5%26.7%
3Y Rtn-8.9%87.5%144.0%-40.2%127.2%16.6%52.1%
1M Excs Rtn10.6%-2.3%1.2%-17.6%-11.2%0.1%-1.1%
3M Excs Rtn3.2%-2.5%0.6%-15.7%6.3%-4.3%-1.0%
6M Excs Rtn-5.5%2.6%5.2%-30.6%21.3%-14.3%-1.5%
12M Excs Rtn9.1%6.9%13.3%-56.3%26.8%-39.0%8.0%
3Y Excs Rtn-71.3%9.2%74.8%-103.8%49.1%-51.7%-21.3%

Financials

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Hardware and accessories2,9973,1403,1722,5312,722
Software1,5221,8232,0151,9793,006
Collectibles754965824580738
Total5,2735,9276,0115,0906,466


Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity66,182,520
Short Interest: % Change Since 8152025-2.4%
Average Daily Volume5,508,505
Days-to-Cover Short Interest12.01
Basic Shares Quantity447,400,000
Short % of Basic Shares14.8%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/9/20253.3%  
6/10/2025-5.3%-23.7%-21.4%
3/25/202511.7%-11.0%6.6%
12/10/20247.6%16.1%15.2%
9/10/2024-12.0%-14.0%-12.6%
6/7/2024-39.4%-37.4%-47.2%
3/26/2024-15.0%-26.6%-27.7%
12/6/202310.2%12.5%6.4%
...
SUMMARY STATS   
# Positive121010
# Negative121414
Median Positive8.9%15.2%11.3%
Median Negative-15.1%-14.4%-19.0%
Max Positive35.2%62.4%83.5%
Max Negative-39.4%-37.4%-47.2%

SEC Filings

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Report DateFiling DateFiling
7312025909202510-Q 8/2/2025
4302025610202510-Q 5/3/2025
1312025325202510-K 2/1/2025
103120241210202410-Q 11/2/2024
7312024910202410-Q 8/3/2024
4302024611202410-Q 5/4/2024
1312024326202410-K 2/3/2024
103120231206202310-Q 10/28/2023
7312023906202310-Q 7/29/2023
4302023607202310-Q 4/29/2023
1312023328202310-K 1/28/2023
103120221207202210-Q 10/29/2022
7312022907202210-Q 7/30/2022
4302022601202210-Q 4/30/2022
1312022317202210-K 1/29/2022
103120211208202110-Q 10/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Robinson Mark HaymondGeneral Counsel and Secretary7252025Sell24.1811,055267,3152,823,823Form
1Attal Alain 4102025Buy25.7510,000257,50014,740,948Form
2Cheng Lawrence 4072025Buy21.545,000107,7001,787,820Form
3Cohen RyanPresident, CEO and Chairman4072025Buy21.55500,00010,775,000804,845,995Form
4Robinson Mark HaymondGeneral Counsel and Secretary4042025Sell22.534,687105,593848,510Form