ODP (ODP) Financials

$16.57 -0.78 (-4.50%)

As of 01:35 PM Eastern

Annual Income Statements for ODP

This table shows ODP's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/28/2024	12/30/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-3.00	139	166
Consolidated Net Income / (Loss)	-3.00	139	166
Net Income / (Loss) Continuing Operations	106	247	226
Total Pre-Tax Income	146	329	305
Total Operating Income	163	330	306
Total Gross Profit	1,445	1,761	1,845
Total Revenue	6,990	7,823	8,484
Operating Revenue	6,990	7,823	8,484
Total Cost of Revenue	5,545	6,062	6,639
Operating Cost of Revenue	5,545	6,062	6,639
Total Operating Expenses	1,282	1,431	1,539
Selling, General & Admin Expense	1,272	1,410	1,486
Other Operating Expenses / (Income)	-70	0.00	0.00
Impairment Charge	33	17	14
Restructuring Charge	47	4.00	39
Total Other Income / (Expense), net	-17	-1.00	-1.00
Interest Expense	23	20	16
Interest & Investment Income	9.00	10	5.00
Other Income / (Expense), net	-3.00	9.00	10
Income Tax Expense	40	82	79
Net Income / (Loss) Discontinued Operations	-109	-108	-60
Basic Earnings per Share	($0.08)	$3.61	$3.48
Weighted Average Basic Shares Outstanding	29.82M	36.63M	40.20M
Diluted Earnings per Share	($0.08)	$3.50	$3.37
Weighted Average Diluted Shares Outstanding	29.82M	36.63M	40.20M
Weighted Average Basic & Diluted Shares Outstanding	29.82M	36.63M	40.20M

This table shows ODP's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Income / (Loss) Attributable to Common Shareholders	-3.00	58	-73	15	-37	70	34	72	17	67
Consolidated Net Income / (Loss)	-3.00	58	-73	15	-37	70	34	72	17	67
Net Income / (Loss) Continuing Operations	27	68	-4.00	15	50	82	43	72	84	67
Total Pre-Tax Income	38	95	-4.00	17	66	109	60	94	114	89
Total Operating Income	43	102	0.00	18	67	108	60	95	118	84
Total Gross Profit	329	364	342	410	394	472	414	481	444	486
Total Revenue	1,622	1,780	1,717	1,871	1,801	2,007	1,907	2,108	2,100	2,172
Operating Revenue	1,622	1,780	1,717	1,871	1,801	2,007	1,907	2,108	2,100	2,172
Total Cost of Revenue	1,293	1,416	1,375	1,461	1,407	1,535	1,493	1,627	1,656	1,686
Operating Cost of Revenue	1,293	1,416	1,375	1,461	1,407	1,535	1,493	1,627	1,656	1,686
Total Operating Expenses	286	262	342	392	327	364	354	386	326	402
Selling, General & Admin Expense	281	323	309	359	321	360	347	382	322	391
Impairment Charge	12	7.00	8.00	6.00	4.00	3.00	6.00	4.00	6.00	3.00
Restructuring Charge	-7.00	2.00	25	27	2.00	1.00	1.00	0.00	-2.00	8.00
Total Other Income / (Expense), net	-5.00	-7.00	-4.00	-1.00	-1.00	1.00	0.00	-1.00	-4.00	5.00
Interest Expense	8.00	6.00	5.00	4.00	5.00	5.00	5.00	5.00	6.00	1.00
Interest & Investment Income	2.00	2.00	2.00	3.00	3.00	3.00	2.00	2.00	2.00	1.00
Other Income / (Expense), net	1.00	-3.00	-1.00	0.00	1.00	3.00	3.00	2.00	-	5.00
Income Tax Expense	11	27	0.00	2.00	16	27	17	22	30	22
Net Income / (Loss) Discontinued Operations	-30	-10	-69	0.00	-87	-12	-9.00	0.00	-67	0.00
Basic Earnings per Share	($0.20)	$1.75	($2.05)	$0.42	($0.90)	$1.83	$0.89	$1.79	$0.41	$1.38
Weighted Average Basic Shares Outstanding	29.82M	30.12M	33.58M	35.89M	36.63M	37.38M	38.05M	38.60M	40.20M	45.81M
Diluted Earnings per Share	($0.16)	$1.73	($2.05)	$0.40	($0.87)	$1.79	$0.87	$1.71	$0.39	$1.35
Weighted Average Diluted Shares Outstanding	29.82M	30.12M	33.58M	35.89M	36.63M	37.38M	38.05M	38.60M	40.20M	45.81M
Weighted Average Basic & Diluted Shares Outstanding	29.82M	30.12M	33.58M	35.89M	36.63M	37.38M	38.05M	38.60M	40.20M	45.81M

This table details how cash moves in and out of ODP's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/28/2024	12/30/2023	12/31/2022
Net Change in Cash & Equivalents	-224	-9.00	-133
Net Cash From Operating Activities	130	331	237
Net Cash From Continuing Operating Activities	159	360	251
Net Income / (Loss) Continuing Operations	106	247	226
Consolidated Net Income / (Loss)	-3.00	139	166
Net Income / (Loss) Discontinued Operations	-109	-108	-60
Depreciation Expense	97	99	118
Amortization Expense	2.00	2.00	2.00
Non-Cash Adjustments To Reconcile Net Income	87	70	64
Changes in Operating Assets and Liabilities, net	-133	-58	-159
Net Cash From Discontinued Operating Activities	-29	-29	-14
Net Cash From Investing Activities	-126	-2.00	-10
Net Cash From Continuing Investing Activities	-102	17	-42
Purchase of Property, Plant & Equipment	-98	-81	-55
Acquisitions	-11	-16	0.00
Sale of Property, Plant & Equipment	3.00	109	8.00
Other Investing Activities, net	4.00	5.00	5.00
Net Cash From Discontinued Investing Activities	-24	-19	32
Net Cash From Financing Activities	-225	-340	-355
Net Cash From Continuing Financing Activities	-225	-340	-355
Repayment of Debt	-625	-219	-64
Repurchase of Common Equity	-300	-295	-266
Issuance of Debt	715	200	-5.00
Other Financing Activities, net	-15	-26	-20
Net Cash From Discontinued Financing Activities	0.00	0.00	0.00
Other Net Changes in Cash	-3.00	2.00	-5.00
Cash Interest Paid	19	16	16
Cash Income Taxes Paid	-8.00	35	17

This table details how cash moves in and out of ODP's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Change in Cash & Equivalents	-26	4.00	-92	-110	7.00	51	-8.00	-59	-70	57
Net Cash From Operating Activities	28	75	-11	38	69	113	-8.00	157	158	163
Net Cash From Continuing Operating Activities	34	82	5.00	38	71	120	12	157	172	163
Net Income / (Loss) Continuing Operations	11	68	12	15	39	81	55	72	84	67
Consolidated Net Income / (Loss)	-3.00	58	-73	15	-37	69	35	72	17	67
Net Income / (Loss) Discontinued Operations	-14	-10	-85	0.00	-76	-12	-20	0.00	-67	-
Depreciation Expense	24	24	20	29	24	25	20	30	18	32
Amortization Expense	1.00	-	1.00	0.00	1.00	-	-	1.00	2.00	-
Non-Cash Adjustments To Reconcile Net Income	27	15	19	26	22	15	16	17	14	21
Changes in Operating Assets and Liabilities, net	-29	-25	-47	-32	-15	-1.00	-79	37	54	43
Net Cash From Discontinued Operating Activities	-6.00	-7.00	-16	0.00	-2.00	-7.00	-20	0.00	-14	-
Net Cash From Investing Activities	-41	-32	-19	-34	-30	-18	77	-31	-25	-24
Net Cash From Continuing Investing Activities	-24	-30	-14	-34	-26	-13	92	-36	17	-24
Purchase of Property, Plant & Equipment	-26	-22	-15	-35	-25	-20	-9.00	-27	13	-25
Sale of Property, Plant & Equipment	2.00	-	-	1.00	4.00	4.00	100	1.00	2.00	-
Net Cash From Discontinued Investing Activities	-17	-2.00	-5.00	0.00	-4.00	-5.00	-15	5.00	-42	-
Net Cash From Financing Activities	-11	-40	-61	-113	-34	-43	-78	-185	-204	-77
Net Cash From Continuing Financing Activities	-11	-40	-61	-113	-34	-43	-78	-185	-204	-77
Repayment of Debt	-167	-213	-114	-131	-3.00	-42	-109	-65	-5.00	-2.00
Repurchase of Common Equity	-46	-101	-103	-50	-31	-33	-30	-201	-197	-69
Issuance of Debt	202	274	165	74	-	35	65	100	-1.00	-4.00
Other Net Changes in Cash	-2.00	1.00	-1.00	-1.00	2.00	-1.00	1.00	0.00	1.00	-5.00
Cash Interest Paid	6.00	5.00	5.00	3.00	11	-5.00	6.00	4.00	16	-
Cash Income Taxes Paid	-22	3.00	10	1.00	8.00	8.00	19	0.00	17	-

This table presents ODP's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/28/2024	12/30/2023	12/31/2022
Total Assets	3,529	3,887	4,149
Total Current Assets	1,438	1,739	1,910
Cash & Equivalents	166	381	403
Accounts Receivable	466	485	536
Inventories, net	770	765	828
Prepaid Expenses	30	28	36
Other Current Nonoperating Assets	6.00	80	107
Plant, Property, & Equipment, net	299	297	352
Total Noncurrent Assets	1,792	1,851	1,887
Goodwill	411	403	464
Intangible Assets	48	45	46
Noncurrent Deferred & Refundable Income Taxes	102	142	182
Other Noncurrent Operating Assets	1,231	1,261	1,195
Total Liabilities & Shareholders' Equity	3,529	3,887	4,149
Total Liabilities	2,722	2,786	2,862
Total Current Liabilities	1,543	1,697	1,859
Short-Term Debt	9.00	9.00	16
Accounts Payable	697	755	821
Current Deferred & Payable Income Tax Liabilities	2.00	6.00	17
Other Current Liabilities	835	915	1,005
Other Current Nonoperating Liabilities	0.00	12	-
Total Noncurrent Liabilities	1,179	1,089	1,003
Long-Term Debt	270	165	172
Capital Lease Obligations	779	789	693
Noncurrent Deferred & Payable Income Tax Liabilities	116	120	122
Noncurrent Employee Benefit Liabilities	14	15	16
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	807	1,101	1,287
Total Preferred & Common Equity	807	1,101	1,287
Total Common Equity	807	1,101	1,287
Common Stock	2,772	2,753	2,743
Retained Earnings	-315	-312	-451
Treasury Stock	-1,526	-1,226	-928
Accumulated Other Comprehensive Income / (Loss)	-124	-114	-77

This table presents ODP's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/28/2024	6/29/2024	3/30/2024	9/30/2023	7/1/2023	4/1/2023	9/24/2022
Total Assets	3,691	3,653	3,735	3,980	3,961	4,041	4,418
Total Current Assets	1,538	1,476	1,524	1,754	1,738	1,813	2,108
Cash & Equivalents	181	180	282	384	335	343	473
Accounts Receivable	550	465	466	542	516	524	591
Inventories, net	760	778	733	782	836	793	890
Prepaid Expenses	35	38	36	37	38	43	47
Other Current Nonoperating Assets	12	15	7.00	9.00	13	110	107
Plant, Property, & Equipment, net	307	301	360	352	347	345	355
Total Noncurrent Assets	1,846	1,876	1,851	1,874	1,876	1,883	1,955
Goodwill	412	403	403	468	467	467	464
Intangible Assets	49	43	44	42	43	44	47
Noncurrent Deferred & Refundable Income Taxes	128	158	147	141	158	165	185
Other Noncurrent Operating Assets	1,257	1,272	1,257	1,223	1,208	1,207	1,259
Total Liabilities & Shareholders' Equity	3,691	3,653	3,735	3,980	3,961	4,041	4,418
Total Liabilities	2,835	2,760	2,666	2,825	2,800	2,893	2,919
Total Current Liabilities	1,667	1,642	1,624	1,760	1,782	1,845	1,893
Short-Term Debt	10	10	10	9.00	9.00	12	16
Accounts Payable	773	779	755	818	864	903	853
Current Deferred & Payable Income Tax Liabilities	4.00	5.00	5.00	3.00	6.00	7.00	9.00
Other Current Liabilities	874	840	854	930	903	923	1,015
Other Current Nonoperating Liabilities	6.00	8.00	-	-	-	-	0.00
Total Noncurrent Liabilities	1,168	1,118	1,042	1,065	1,018	1,048	1,026
Long-Term Debt	236	173	115	164	172	210	175
Noncurrent Deferred & Payable Income Tax Liabilities	118	113	122	118	122	123	124
Noncurrent Employee Benefit Liabilities	13	13	14	16	16	16	20
Other Noncurrent Operating Liabilities	801	819	791	767	-	699	707
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	856	893	1,069	1,155	1,161	1,148	1,499
Total Preferred & Common Equity	856	893	1,069	1,155	1,161	1,148	1,499
Total Common Equity	856	893	1,069	1,155	1,161	1,148	1,499
Common Stock	2,764	2,760	2,759	2,745	2,738	2,733	2,734
Retained Earnings	-312	-370	-297	-275	-344	-379	-468
Treasury Stock	-1,482	-1,380	-1,276	-1,194	-1,162	-1,131	-731
Accumulated Other Comprehensive Income / (Loss)	-114	-117	-117	-121	-71	-75	-36

This table displays calculated financial ratios and metrics derived from ODP's official financial filings.

Metric	2024	2023	2022
Period end date	12/28/2024	12/30/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-10.65%	-7.79%	0.22%
EBITDA Growth	-41.14%	0.92%	7.39%
EBIT Growth	-52.80%	7.28%	22.48%
NOPAT Growth	-52.23%	9.27%	19.70%
Net Income Growth	-102.16%	-16.27%	179.81%
EPS Growth	-102.29%	3.86%	188.92%
Operating Cash Flow Growth	-60.73%	39.66%	-31.50%
Free Cash Flow Firm Growth	-86.12%	166.34%	-139.50%
Invested Capital Growth	4.83%	-2.59%	66.97%
Revenue Q/Q Growth	-2.61%	-3.76%	0.69%
EBITDA Q/Q Growth	52.35%	1.15%	17.84%
EBIT Q/Q Growth	190.91%	3.99%	35.04%
NOPAT Q/Q Growth	337.23%	4.99%	31.66%
Net Income Q/Q Growth	91.89%	-27.98%	232.80%
EPS Q/Q Growth	89.87%	-26.47%	223.44%
Operating Cash Flow Q/Q Growth	-23.98%	-21.19%	32.40%
Free Cash Flow Firm Q/Q Growth	-14.29%	-29.25%	-939.36%
Invested Capital Q/Q Growth	85.03%	72.73%	49.37%
Profitability Metrics	-	-	-
Gross Margin	20.67%	22.51%	21.75%
EBITDA Margin	3.71%	5.62%	5.14%
Operating Margin	2.33%	4.22%	3.61%
EBIT Margin	2.29%	4.33%	3.72%
Profit (Net Income) Margin	-0.04%	1.78%	1.96%
Tax Burden Percent	-2.05%	42.25%	54.43%
Interest Burden Percent	91.25%	97.05%	96.52%
Effective Tax Rate	27.40%	24.92%	25.90%
Return on Invested Capital (ROIC)	7.15%	15.14%	17.11%
ROIC Less NNEP Spread (ROIC-NNEP)	-10.18%	-9.44%	181.27%
Return on Net Nonoperating Assets (RNNOA)	-7.47%	-3.50%	-4.92%
Return on Equity (ROE)	-0.31%	11.64%	12.18%
Cash Return on Invested Capital (CROIC)	2.44%	17.77%	-33.06%
Operating Return on Assets (OROA)	4.32%	8.44%	7.01%
Return on Assets (ROA)	-0.08%	3.46%	3.68%
Return on Common Equity (ROCE)	-0.31%	11.64%	12.18%
Return on Equity Simple (ROE_SIMPLE)	-0.37%	12.62%	12.90%
Net Operating Profit after Tax (NOPAT)	118	248	227
NOPAT Margin	1.69%	3.17%	2.67%
Net Nonoperating Expense Percent (NNEP)	17.33%	24.58%	-164.16%
Return On Investment Capital (ROIC_SIMPLE)	6.35%	12.00%	10.46%
Cost of Revenue to Revenue	79.33%	77.49%	78.25%
SG&A Expenses to Revenue	18.20%	18.02%	17.52%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.34%	18.29%	18.14%
Earnings before Interest and Taxes (EBIT)	160	339	316
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	259	440	436
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.86	1.91	1.62
Price to Tangible Book Value (P/TBV)	1.98	3.22	2.69
Price to Revenue (P/Rev)	0.10	0.27	0.25
Price to Earnings (P/E)	0.00	15.14	12.57
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	6.61%	7.96%
Enterprise Value to Invested Capital (EV/IC)	0.93	1.66	1.55
Enterprise Value to Revenue (EV/Rev)	0.23	0.34	0.30
Enterprise Value to EBITDA (EV/EBITDA)	6.11	6.11	5.88
Enterprise Value to EBIT (EV/EBIT)	9.89	7.92	8.11
Enterprise Value to NOPAT (EV/NOPAT)	13.37	10.84	11.31
Enterprise Value to Operating Cash Flow (EV/OCF)	12.17	8.12	10.82
Enterprise Value to Free Cash Flow (EV/FCFF)	39.22	9.24	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.31	0.87	0.68
Long-Term Debt to Equity	1.30	0.87	0.67
Financial Leverage	0.73	0.37	-0.03
Leverage Ratio	3.89	3.37	3.31
Compound Leverage Factor	3.55	3.27	3.19
Debt to Total Capital	56.73%	46.66%	40.64%
Short-Term Debt to Total Capital	0.48%	0.44%	0.74%
Long-Term Debt to Total Capital	56.25%	46.22%	39.90%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.27%	53.34%	59.36%
Debt to EBITDA	4.08	2.19	2.02
Net Debt to EBITDA	3.44	1.32	1.10
Long-Term Debt to EBITDA	4.05	2.17	1.98
Debt to NOPAT	8.94	3.89	3.89
Net Debt to NOPAT	7.54	2.35	2.11
Long-Term Debt to NOPAT	8.86	3.85	3.81
Altman Z-Score	2.12	2.65	2.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.93	1.02	1.03
Quick Ratio	0.41	0.51	0.51
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	40	291	-438
Operating Cash Flow to CapEx	136.84%	0.00%	504.26%
Free Cash Flow to Firm to Interest Expense	1.75	14.54	-27.39
Operating Cash Flow to Interest Expense	5.65	16.55	14.81
Operating Cash Flow Less CapEx to Interest Expense	1.52	17.95	11.88
Efficiency Ratios	-	-	-
Asset Turnover	1.89	1.95	1.88
Accounts Receivable Turnover	14.70	15.32	16.46
Inventory Turnover	7.22	7.61	7.87
Fixed Asset Turnover	23.46	24.11	20.47
Accounts Payable Turnover	7.64	7.69	7.50
Days Sales Outstanding (DSO)	24.83	23.82	22.18
Days Inventory Outstanding (DIO)	50.52	47.96	46.37
Days Payable Outstanding (DPO)	47.79	47.45	48.68
Cash Conversion Cycle (CCC)	27.56	24.33	19.87
Capital & Investment Metrics	-	-	-
Invested Capital	1,693	1,615	1,658
Invested Capital Turnover	4.23	4.78	6.40
Increase / (Decrease) in Invested Capital	78	-43	665
Enterprise Value (EV)	1,582	2,686	2,564
Market Capitalization	690	2,104	2,086
Book Value per Share	$26.79	$29.46	$28.09
Tangible Book Value per Share	$11.55	$17.47	$16.96
Total Capital	1,865	2,064	2,168
Total Debt	1,058	963	881
Total Long-Term Debt	1,049	954	865
Net Debt	892	582	478
Capital Expenditures (CapEx)	95	-28	47
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-262	-330	-336
Debt-free Net Working Capital (DFNWC)	-96	51	67
Net Working Capital (NWC)	-105	42	51
Net Nonoperating Expense (NNE)	121	109	61
Net Nonoperating Obligations (NNO)	886	514	371
Total Depreciation and Amortization (D&A)	99	101	120
Debt-free, Cash-free Net Working Capital to Revenue	-3.75%	-4.22%	-3.96%
Debt-free Net Working Capital to Revenue	-1.37%	0.65%	0.79%
Net Working Capital to Revenue	-1.50%	0.54%	0.60%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.08)	$3.61	$0.00
Adjusted Weighted Average Basic Shares Outstanding	29.82M	36.63M	0.00
Adjusted Diluted Earnings per Share	($0.08)	$3.50	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	29.82M	36.63M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.82M	36.63M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	176	264	266
Normalized NOPAT Margin	2.52%	3.37%	3.14%
Pre Tax Income Margin	2.09%	4.21%	3.60%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	6.96	16.95	19.75
NOPAT to Interest Expense	5.15	12.39	14.17
EBIT Less CapEx to Interest Expense	2.83	18.35	16.81
NOPAT Less CapEx to Interest Expense	1.01	13.79	11.23
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-10,000.00%	212.23%	160.24%

This table displays calculated financial ratios and metrics derived from ODP's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.94%	-11.31%	-9.96%	-11.24%	-14.24%	-7.60%	-6.24%	-3.21%	2.84%	-0.32%
EBITDA Growth	-25.81%	-9.56%	-75.90%	-63.28%	-32.61%	12.40%	27.69%	14.29%	91.67%	-15.38%
EBIT Growth	-35.29%	-10.81%	-101.59%	-81.44%	-42.37%	24.72%	103.23%	24.36%	227.78%	-16.82%
NOPAT Growth	-39.81%	-10.14%	-100.00%	-78.17%	-41.62%	28.48%	115.00%	28.82%	162.38%	-16.71%
Net Income Growth	91.89%	-17.14%	-314.71%	-79.17%	-317.65%	4.48%	25.93%	30.91%	106.20%	-33.66%
EPS Growth	81.61%	-3.35%	-335.63%	-76.61%	-323.08%	32.59%	61.11%	56.88%	106.90%	-27.03%
Operating Cash Flow Growth	-59.42%	-33.63%	-37.50%	-75.80%	-56.33%	-30.67%	92.98%	423.33%	58.00%	-4.68%
Free Cash Flow Firm Growth	-150.61%	-63.70%	129.01%	-97.22%	116.22%	551.43%	173.20%	561.47%	-160.65%	-103.66%
Invested Capital Growth	4.83%	-2.14%	-47.77%	-1.31%	-2.59%	-15.77%	-15.49%	-50.38%	66.97%	12.12%
Revenue Q/Q Growth	-8.88%	3.67%	-8.23%	3.54%	-10.26%	5.24%	-9.54%	0.05%	-3.31%	6.78%
EBITDA Q/Q Growth	-43.90%	515.00%	-57.45%	413.33%	-31.62%	63.86%	-35.16%	45.45%	14.05%	86.15%
EBIT Q/Q Growth	-55.56%	10,000.00%	-105.56%	140.91%	-38.74%	76.19%	-35.05%	76.36%	32.58%	187.10%
NOPAT Q/Q Growth	-58.15%	0.00%	-100.00%	150.42%	-37.53%	88.95%	-40.91%	87.43%	37.50%	216.18%
Net Income Q/Q Growth	-105.17%	179.45%	-586.67%	140.54%	-152.86%	105.88%	-52.78%	323.53%	-74.63%	148.15%
EPS Q/Q Growth	-109.25%	184.39%	-612.50%	145.98%	-148.60%	105.75%	-49.12%	338.46%	-71.11%	150.00%
Operating Cash Flow Q/Q Growth	-62.67%	781.82%	-128.95%	-45.71%	-38.94%	1,512.50%	-105.10%	-0.63%	-3.07%	242.98%
Free Cash Flow Firm Q/Q Growth	-151.01%	-88.56%	2,815.82%	142.46%	-63.41%	-27.82%	-64.63%	260.30%	-918.34%	88.30%
Invested Capital Q/Q Growth	85.03%	2.92%	-1.77%	-43.96%	72.73%	-45.06%	85.61%	-44.69%	49.37%	-44.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.28%	20.45%	19.92%	21.91%	21.88%	23.52%	21.71%	22.82%	21.14%	22.38%
EBITDA Margin	4.25%	6.91%	1.16%	2.51%	5.16%	6.78%	4.35%	6.07%	6.57%	5.57%
Operating Margin	2.65%	5.73%	0.00%	0.96%	3.72%	5.38%	3.15%	4.51%	5.62%	3.87%
EBIT Margin	2.71%	5.56%	-0.06%	0.96%	3.78%	5.53%	3.30%	4.60%	5.62%	4.10%
Profit (Net Income) Margin	-0.19%	3.26%	-4.25%	0.80%	-2.05%	3.49%	1.78%	3.42%	0.81%	3.08%
Tax Burden Percent	-7.89%	61.05%	1,825.00%	88.24%	-56.06%	64.22%	56.67%	76.60%	14.91%	75.28%
Interest Burden Percent	86.36%	95.96%	400.00%	94.44%	97.06%	98.20%	95.24%	96.91%	96.61%	100.00%
Effective Tax Rate	28.95%	28.42%	0.00%	11.76%	24.24%	24.77%	28.33%	23.40%	26.32%	24.72%
Return on Invested Capital (ROIC)	7.96%	31.82%	0.00%	7.08%	13.47%	32.18%	10.07%	21.03%	26.50%	23.36%
ROIC Less NNEP Spread (ROIC-NNEP)	3.17%	50.47%	-27.19%	7.52%	-6.36%	35.88%	8.34%	19.80%	215.55%	22.77%
Return on Net Nonoperating Assets (RNNOA)	2.32%	-4.04%	-7.11%	-1.34%	-2.36%	-8.23%	3.25%	0.94%	-5.85%	-8.54%
Return on Equity (ROE)	10.28%	27.78%	-7.11%	5.74%	11.12%	23.95%	13.31%	21.96%	20.65%	14.82%
Cash Return on Invested Capital (CROIC)	2.44%	5.09%	65.69%	10.39%	17.77%	40.19%	28.53%	81.45%	-33.06%	4.97%
Operating Return on Assets (OROA)	5.11%	10.41%	-0.11%	1.88%	7.35%	10.71%	6.50%	9.04%	10.58%	7.07%
Return on Assets (ROA)	-0.35%	6.10%	-8.27%	1.57%	-4.00%	6.75%	3.51%	6.71%	1.52%	5.32%
Return on Common Equity (ROCE)	10.28%	27.78%	-7.11%	5.74%	11.12%	23.95%	13.31%	21.96%	20.65%	14.82%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-4.32%	-2.80%	7.67%	0.00%	16.71%	16.37%	15.94%	0.00%	-8.34%
Net Operating Profit after Tax (NOPAT)	31	73	0.00	16	51	81	43	73	87	63
NOPAT Margin	1.88%	4.10%	0.00%	0.85%	2.82%	4.05%	2.25%	3.45%	4.14%	2.91%
Net Nonoperating Expense Percent (NNEP)	4.79%	-18.65%	27.19%	-0.45%	19.83%	-3.69%	1.73%	1.23%	-189.05%	0.60%
Return On Investment Capital (ROIC_SIMPLE)	1.64%	-	-	-	2.46%	-	-	-	4.01%	-
Cost of Revenue to Revenue	79.72%	79.55%	80.08%	78.09%	78.12%	76.48%	78.29%	77.18%	78.86%	77.62%
SG&A Expenses to Revenue	17.32%	18.15%	18.00%	19.19%	17.82%	17.94%	18.20%	18.12%	15.33%	18.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.63%	14.72%	19.92%	20.95%	18.16%	18.14%	18.56%	18.31%	15.52%	18.51%
Earnings before Interest and Taxes (EBIT)	44	99	-1.00	18	68	111	63	97	118	89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	69	123	20	47	93	136	83	128	138	121
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.86	1.15	1.58	1.85	1.91	1.52	1.56	1.58	1.62	1.14
Price to Tangible Book Value (P/TBV)	1.98	2.50	3.15	3.19	3.22	2.72	2.78	2.84	2.69	1.73
Price to Revenue (P/Rev)	0.10	0.14	0.19	0.26	0.27	0.22	0.22	0.21	0.25	0.20
Price to Earnings (P/E)	0.00	0.00	0.00	24.18	15.14	9.10	9.51	9.88	12.57	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	4.14%	6.61%	10.99%	10.51%	10.12%	7.96%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.93	1.15	1.59	2.02	1.66	1.65	1.39	1.84	1.55	1.28
Enterprise Value to Revenue (EV/Rev)	0.23	0.15	0.19	0.24	0.34	0.19	0.28	0.20	0.30	0.17
Enterprise Value to EBITDA (EV/EBITDA)	6.11	6.18	7.72	7.42	6.11	3.55	5.62	4.20	5.88	3.85
Enterprise Value to EBIT (EV/EBIT)	9.89	19.11	21.08	13.94	7.92	4.74	7.77	6.20	8.11	6.09
Enterprise Value to NOPAT (EV/NOPAT)	13.37	38.84	37.21	22.09	10.84	6.55	10.83	8.65	11.31	8.28
Enterprise Value to Operating Cash Flow (EV/OCF)	12.17	6.15	6.76	8.61	8.12	3.68	5.02	4.63	10.82	7.97
Enterprise Value to Free Cash Flow (EV/FCFF)	39.22	22.34	1.66	19.29	9.24	3.76	4.45	1.50	0.00	27.31
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	0.29	0.20	0.12	0.87	0.15	0.77	0.19	0.68	0.13
Long-Term Debt to Equity	1.30	0.28	0.19	0.11	0.87	0.14	0.76	0.18	0.67	0.12
Financial Leverage	0.73	-0.08	0.26	-0.18	0.37	-0.23	0.39	0.05	-0.03	-0.38
Leverage Ratio	3.89	3.81	3.71	3.51	3.37	3.16	3.15	3.25	3.31	2.91
Compound Leverage Factor	3.36	3.66	14.83	3.31	3.27	3.11	3.00	3.15	3.20	2.91
Debt to Total Capital	56.73%	22.32%	17.01%	10.47%	46.66%	13.03%	43.37%	16.20%	40.64%	11.30%
Short-Term Debt to Total Capital	0.48%	0.91%	0.93%	0.84%	0.44%	0.68%	0.44%	0.88%	0.74%	0.95%
Long-Term Debt to Total Capital	56.25%	21.42%	16.08%	9.63%	46.22%	12.35%	42.93%	15.33%	39.90%	10.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.27%	77.68%	82.99%	89.53%	53.34%	86.97%	56.63%	83.80%	59.36%	88.70%
Debt to EBITDA	4.08	1.45	1.00	0.51	2.19	0.40	2.12	0.55	2.02	0.52
Net Debt to EBITDA	3.44	0.38	0.02	-0.64	1.32	-0.49	1.32	-0.30	1.10	-0.76
Long-Term Debt to EBITDA	4.05	1.39	0.95	0.47	2.17	0.38	2.10	0.52	1.98	0.47
Debt to NOPAT	8.94	9.09	4.82	1.51	3.89	0.73	4.08	1.14	3.89	1.11
Net Debt to NOPAT	7.54	2.40	0.08	-1.90	2.35	-0.89	2.54	-0.62	2.11	-1.64
Long-Term Debt to NOPAT	8.86	8.72	4.56	1.39	3.85	0.70	4.04	1.08	3.81	1.02
Altman Z-Score	2.01	2.08	2.14	2.35	2.42	2.41	2.40	2.40	2.44	2.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.93	0.92	0.90	0.94	1.02	1.00	0.98	0.98	1.03	1.11
Quick Ratio	0.41	0.44	0.39	0.46	0.51	0.53	0.48	0.47	0.51	0.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-47	93	813	28	94	256	355	1,004	-578	-57
Operating Cash Flow to CapEx	116.67%	340.91%	-73.33%	111.76%	328.57%	706.25%	0.00%	603.85%	0.00%	652.00%
Free Cash Flow to Firm to Interest Expense	-5.93	15.50	162.60	6.97	18.75	51.25	71.00	200.75	-96.34	-56.76
Operating Cash Flow to Interest Expense	3.50	12.50	-2.20	9.50	13.80	22.60	-1.60	31.40	26.33	163.00
Operating Cash Flow Less CapEx to Interest Expense	0.50	8.83	-5.20	1.00	9.60	19.40	16.60	26.20	28.83	138.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.89	1.87	1.94	1.95	1.95	1.94	1.97	1.97	1.88	1.73
Accounts Receivable Turnover	14.70	13.14	15.09	15.34	15.32	14.35	15.33	15.37	16.46	15.71
Inventory Turnover	7.22	7.34	7.16	7.73	7.61	7.55	7.17	7.93	7.87	7.62
Fixed Asset Turnover	23.46	21.78	22.85	21.54	24.11	23.00	20.53	20.77	20.47	19.90
Accounts Payable Turnover	7.64	7.12	7.04	7.12	7.69	7.56	7.26	7.00	7.50	7.68
Days Sales Outstanding (DSO)	24.83	27.77	24.18	23.79	23.82	25.44	23.81	23.75	22.18	23.24
Days Inventory Outstanding (DIO)	50.52	49.70	50.95	47.21	47.96	48.32	50.92	46.04	46.37	47.92
Days Payable Outstanding (DPO)	47.79	51.28	51.87	51.29	47.45	48.29	50.27	52.12	48.68	47.50
Cash Conversion Cycle (CCC)	27.56	26.19	23.27	19.71	24.33	25.47	24.46	17.67	19.87	23.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,693	915	889	905	1,615	935	1,702	917	1,658	1,110
Invested Capital Turnover	4.23	7.76	5.72	8.34	4.78	7.95	4.46	6.09	6.40	8.02
Increase / (Decrease) in Invested Capital	78	-20	-813	-12	-43	-175	-312	-931	665	120
Enterprise Value (EV)	1,582	1,051	1,413	1,826	2,686	1,545	2,361	1,687	2,564	1,426
Market Capitalization	690	986	1,410	1,983	2,104	1,756	1,807	1,808	2,086	1,708
Book Value per Share	$26.79	$25.49	$24.88	$29.78	$29.46	$30.36	$30.08	$28.56	$28.09	$30.82
Tangible Book Value per Share	$11.55	$11.76	$12.45	$17.33	$17.47	$16.95	$16.87	$15.85	$16.96	$20.32
Total Capital	1,865	1,102	1,076	1,194	2,064	1,328	2,050	1,370	2,168	1,690
Total Debt	1,058	246	183	125	963	173	889	222	881	191
Total Long-Term Debt	1,049	236	173	115	954	164	880	210	865	175
Net Debt	892	65	3.00	-157	582	-211	554	-121	478	-282
Capital Expenditures (CapEx)	24	22	15	34	21	16	-91	26	-15	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-262	-300	-336	-372	-330	-381	-370	-363	-336	-242
Debt-free Net Working Capital (DFNWC)	-96	-119	-156	-90	51	3.00	-35	-20	67	231
Net Working Capital (NWC)	-105	-129	-166	-100	42	-6.00	-44	-32	51	215
Net Nonoperating Expense (NNE)	34	15	73	0.88	88	11	9.00	0.77	70	-3.76
Net Nonoperating Obligations (NNO)	886	59	-4.00	-164	514	-220	541	-231	371	-389
Total Depreciation and Amortization (D&A)	25	24	21	29	25	25	20	31	20	32
Debt-free, Cash-free Net Working Capital to Revenue	-3.75%	-4.18%	-4.54%	-4.90%	-4.22%	-4.69%	-4.46%	-4.31%	-3.96%	-2.87%
Debt-free Net Working Capital to Revenue	-1.37%	-1.66%	-2.11%	-1.19%	0.65%	0.04%	-0.42%	-0.24%	0.79%	2.74%
Net Working Capital to Revenue	-1.50%	-1.80%	-2.24%	-1.32%	0.54%	-0.07%	-0.53%	-0.38%	0.60%	2.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.20)	$1.75	($2.05)	$0.42	($0.90)	$1.83	$0.89	$1.79	$0.41	$1.38
Adjusted Weighted Average Basic Shares Outstanding	29.82M	30.12M	33.58M	35.89M	36.63M	37.38M	38.05M	38.60M	40.20M	45.81M
Adjusted Diluted Earnings per Share	($0.16)	$1.73	($2.05)	$0.40	($0.87)	$1.79	$0.87	$1.71	$0.39	$1.35
Adjusted Weighted Average Diluted Shares Outstanding	29.82M	30.12M	33.58M	35.89M	36.63M	37.38M	38.05M	38.60M	40.20M	45.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.82M	30.12M	33.58M	35.89M	36.63M	37.38M	38.05M	38.60M	40.20M	45.81M
Normalized Net Operating Profit after Tax (NOPAT)	34	79	23	45	55	84	48	76	90	72
Normalized NOPAT Margin	2.10%	4.46%	1.35%	2.41%	3.07%	4.20%	2.52%	3.60%	4.28%	3.29%
Pre Tax Income Margin	2.34%	5.34%	-0.23%	0.91%	3.66%	5.43%	3.15%	4.46%	5.43%	4.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.50	16.50	-0.20	4.50	13.60	22.20	12.60	19.40	19.67	89.00
NOPAT to Interest Expense	3.82	12.17	0.00	3.97	10.15	16.25	8.60	14.55	14.49	63.24
EBIT Less CapEx to Interest Expense	2.50	12.83	-3.20	-4.00	9.40	19.00	30.80	14.20	22.17	64.00
NOPAT Less CapEx to Interest Expense	0.82	8.50	-3.00	-4.53	5.95	13.05	26.80	9.35	16.99	38.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-10,000.00%	-770.27%	-868.00%	175.61%	212.23%	238.86%	261.58%	255.19%	160.24%	-203.20%

Frequently Asked Questions About ODP's Financials

When does ODP's financial year end?

According to the most recent income statement we have on file, ODP's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has ODP's net income changed over the last 2 years?

ODP's net income appears to be on a downward trend, with a most recent value of -$3 million in 2024, falling from $166 million in 2022. The previous period was $139 million in 2023. See where experts think ODP is headed by visiting ODP's forecast page.

What is ODP's operating income?

ODP's total operating income in 2024 was $163 million, based on the following breakdown:

Total Gross Profit: $1.45 billion
Total Operating Expenses: $1.28 billion

How has ODP revenue changed over the last 2 years?

Over the last 2 years, ODP's total revenue changed from $8.48 billion in 2022 to $6.99 billion in 2024, a change of -17.6%.

How much debt does ODP have?

ODP's total liabilities were at $2.72 billion at the end of 2024, a 2.3% decrease from 2023, and a 4.9% decrease since 2022.

How much cash does ODP have?

In the past 2 years, ODP's cash and equivalents has ranged from $166 million in 2024 to $403 million in 2022, and is currently $166 million as of their latest financial filing in 2024.

How has ODP's book value per share changed over the last 2 years?

Over the last 2 years, ODP's book value per share changed from 28.09 in 2022 to 26.79 in 2024, a change of -4.6%.

Related Companies

This page (NASDAQ:ODP) was last updated on 5/21/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

ODP (ODP) Financials

Frequently Asked Questions About ODP's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

ODP (ODP) Financials

Annual Income Statements for ODP

Quarterly Income Statements for ODP

Annual Cash Flow Statements for ODP

Quarterly Cash Flow Statements for ODP

Annual Balance Sheets for ODP

Quarterly Balance Sheets for ODP

Annual Metrics And Ratios for ODP

Quarterly Metrics And Ratios for ODP

Frequently Asked Questions About ODP's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools