Operating Profit Margin
since 2006
Calculation
GameStop Corp., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating earnings (loss)1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Feb 3, 2024 | -0.65% | = | 100 | × | (34,500) | ÷ | 5,272,800) |
| Jan 28, 2023 | -5.26% | = | 100 | × | (311,600) | ÷ | 5,927,200) |
| Jan 29, 2022 | -6.13% | = | 100 | × | (368,500) | ÷ | 6,010,700) |
| Jan 30, 2021 | -4.67% | = | 100 | × | (237,800) | ÷ | 5,089,800) |
| Feb 1, 2020 | -6.18% | = | 100 | × | (399,600) | ÷ | 6,466,000) |
| Feb 2, 2019 | -8.47% | = | 100 | × | (702,000) | ÷ | 8,285,300) |
| Feb 3, 2018 | 1.47% | = | 100 | × | 135,600) | ÷ | 9,224,600) |
| Jan 28, 2017 | 6.48% | = | 100 | × | 557,700) | ÷ | 8,607,900) |
| Jan 30, 2016 | 6.92% | = | 100 | × | 648,200) | ÷ | 9,363,800) |
| Jan 31, 2015 | 6.65% | = | 100 | × | 618,300) | ÷ | 9,296,000) |
| Feb 1, 2014 | 6.34% | = | 100 | × | 573,500) | ÷ | 9,039,500) |
| Feb 2, 2013 | -0.47% | = | 100 | × | (41,600) | ÷ | 8,886,700) |
| Jan 28, 2012 | 5.97% | = | 100 | × | 569,900) | ÷ | 9,550,500) |
| Jan 29, 2011 | 6.99% | = | 100 | × | 662,600) | ÷ | 9,473,700) |
| Jan 30, 2010 | 7.02% | = | 100 | × | 637,033) | ÷ | 9,077,997) |
| Jan 31, 2009 | 7.67% | = | 100 | × | 675,119) | ÷ | 8,805,897) |
| Feb 2, 2008 | 7.07% | = | 100 | × | 501,421) | ÷ | 7,093,962) |
| Feb 3, 2007 | 6.27% | = | 100 | × | 333,679) | ÷ | 5,318,900) |
| Jan 28, 2006 | 6.23% | = | 100 | × | 192,732) | ÷ | 3,091,783) |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).
1 US$ in thousands
The operating profit margin demonstrates a distinct transition from a period of consistent profitability to a prolonged phase of operational deficits, followed by a recent trend toward stabilization. Between 2006 and 2017, the company generally maintained positive margins despite intermittent volatility, whereas the period from 2019 to 2024 is characterized by systemic operating losses.
- Phase of Stability and Peak Performance (2006–2012)
- During this interval, operating profit margins remained relatively stable and positive, ranging from a low of 5.97% to a peak of 7.67% in 2009. This period coincided with a steady increase in net sales, which grew from approximately 3.09 billion USD in 2006 to 9.55 billion USD in 2012, indicating a scalable and efficient operational model during the growth phase.
- Mid-Term Volatility and Recovery (2013–2017)
- A period of instability is observed starting in 2013, where the operating margin dropped to -0.47%. However, a swift recovery followed, with margins returning to a range of 6.34% to 6.92% between 2014 and 2016. This suggests that the operational dip in 2013 was a transient event rather than a structural failure, as the company regained its previous efficiency levels shortly thereafter.
- Structural Decline and Operating Losses (2018–2023)
- A severe downturn began in 2018, with the operating margin falling to 1.47% before collapsing to -8.47% in 2019. For the subsequent five years, the margin remained consistently negative, fluctuating between -4.67% and -8.47%. This trend occurred alongside a contraction in net sales, which declined from 9.22 billion USD in 2017 to 5.93 billion USD by 2023, signaling a fundamental misalignment between the cost structure and revenue generation.
- Recent Margin Convergence (2024)
- The most recent data from February 2024 indicates a significant narrowing of operating losses. The operating profit margin improved to -0.65%, moving closer to the break-even point. While the margin remains negative, the trend represents the most substantial recovery in operating efficiency since 2018.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Comparison to Competitors
GameStop Corp., operating profit margin, long-term trends, comparison to competitors
| GameStop Corp. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | |
|---|---|---|---|---|
| Feb 3, 2024 | -0.65% | 10.75% | 14.21% | 13.38% |
| Jan 28, 2023 | -5.26% | 6.41% | 15.27% | 10.47% |
| Jan 29, 2022 | -6.13% | 2.38% | 15.24% | 12.56% |
| Jan 30, 2021 | -4.67% | 5.30% | 13.84% | 10.77% |
| Feb 1, 2020 | -6.18% | 5.93% | 14.37% | 8.75% |
| Feb 2, 2019 | -8.47% | 5.18% | 14.35% | 5.63% |
| Feb 3, 2018 | 1.47% | 5.33% | 14.55% | 9.60% |
| Jan 28, 2017 | 6.48% | 2.31% | 14.19% | 8.99% |
| Jan 30, 2016 | 6.92% | 3.08% | 13.30% | 8.41% |
| Jan 31, 2015 | 6.65% | 2.09% | 12.59% | 8.52% |
| Feb 1, 2014 | 6.34% | 0.20% | 11.63% | 0.00% |
| Feb 2, 2013 | -0.47% | 1.00% | 10.39% | 0.00% |
| Jan 28, 2012 | 5.97% | 1.11% | 9.46% | 0.00% |
| Jan 29, 2011 | 6.99% | 1.79% | 8.59% | 0.00% |
| Jan 30, 2010 | 7.02% | 4.11% | 7.26% | 0.00% |
| Jan 31, 2009 | 7.67% | 4.61% | 6.11% | 0.00% |
| Feb 2, 2008 | 7.07% | 4.39% | 9.36% | 0.00% |
| Feb 3, 2007 | 6.27% | 4.42% | 10.65% | 0.00% |
| Jan 28, 2006 | 6.23% | 3.63% | 11.49% | 0.00% |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).