Big Lots Financials
This page shows Big Lots (BIGGQ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Shrinking revenue against a sticky cost base is driving operating losses and leaving the balance sheet with little cushion.
In FY2024, gross margin improved while operating margin worsened to-8.2% from-4.8% . With revenue down to$4.72B and SG&A still rising, the pattern points to fixed-cost deleveraging rather than a fresh deterioration in gross margin.
Liquidity looks better on paper than in cash: the current ratio was 1.4x, but only
Two straight years of negative free cash flow ended with equity down to
Financial Health Signals
We are recalculating Big Lots's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Big Lots scores 2.32, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Big Lots passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Big Lots generates $0.52 in operating cash flow (-$252.0M OCF vs -$481.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Big Lots earns $-8.7 in operating income for every $1 of interest expense (-$387.4M vs $44.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Big Lots generated $4.7B in revenue in fiscal year 2024. This represents a decrease of 13.6% from the prior year.
Big Lots's EBITDA was -$240.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 128.6% from the prior year.
Big Lots reported -$481.9M in net income in fiscal year 2024. This represents a decrease of 128.7% from the prior year.
Big Lots earned $-16.53 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 126.4% from the prior year.
Cash & Balance Sheet
Big Lots generated -$315.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 3.8% from the prior year.
Big Lots held $44.0M in cash against $573.8M in long-term debt as of fiscal year 2024.
Big Lots paid $0.30 per share in dividends in fiscal year 2024. This represents a decrease of 75.0% from the prior year.
Big Lots had 30M shares outstanding in fiscal year 2024. This represents an increase of 1.7% from the prior year.
Margins & Returns
Big Lots's gross margin was 35.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.
Big Lots's operating margin was -8.2% in fiscal year 2024, reflecting core business profitability. This is down 3.4 percentage points from the prior year.
Big Lots's net profit margin was -10.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 6.3 percentage points from the prior year.
Big Lots's ROE was -591.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 553.5 percentage points from the prior year.
Capital Allocation
Big Lots spent $1.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 85.8% from the prior year.
Big Lots invested $63.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 60.4% from the prior year.
BIGGQ Income Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B+3.7% | $1.0B-34.8% | $1.5B+50.7% | $1.0B-9.9% | $1.1B+1.4% | $1.1B-27.2% | $1.5B+28.1% | $1.2B |
| Cost of Revenue | $681.4M+6.9% | $637.4M-35.1% | $981.7M+50.4% | $652.9M-14.5% | $763.5M+4.4% | $731.1M-25.6% | $982.2M+23.6% | $794.8M |
| Gross Profit | $365.2M-1.8% | $371.7M-34.2% | $565.2M+51.2% | $373.8M-0.6% | $375.9M-4.2% | $392.5M-30.0% | $560.9M+37.0% | $409.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $553.7M+3.9% | $533.0M-14.5% | $623.1M+18.5% | $525.7M+14.3% | $460.1M-25.9% | $620.9M+13.7% | $546.1M+8.6% | $503.0M |
| Operating Income | -$221.8M-15.0% | -$192.9M-109.4% | -$92.1M-567.9% | $19.7M+116.1% | -$122.1M+53.3% | -$261.2M-3142.4% | -$8.1M+93.8% | -$130.8M |
| Interest Expense | $16.3M+35.9% | $12.0M+49.8% | $8.0M-41.1% | $13.6M+21.6% | $11.2M+22.1% | $9.1M+24.1% | $7.4M+17.8% | $6.3M |
| Income Tax | $350K+83.2% | $191K+100.3% | -$68.3M-5173.9% | $1.3M-98.8% | $116.6M+281.4% | -$64.3M-2072.1% | -$3.0M+91.3% | -$34.0M |
| Net Income | -$238.5M-16.3% | -$205.0M-545.8% | -$31.7M-769.3% | $4.7M+101.9% | -$249.8M-21.2% | -$206.1M-1553.5% | -$12.5M+87.9% | -$103.0M |
| EPS (Diluted) | $-8.04-15.0% | $-6.99 | N/A | $0.16+101.9% | $-8.56-20.6% | $-7.10 | N/A | $-3.56 |
BIGGQ Balance Sheet
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.9B-8.2% | $3.2B-4.4% | $3.3B-8.3% | $3.6B+7.3% | $3.4B-7.6% | $3.7B-0.9% | $3.7B-8.5% | $4.0B |
| Current Assets | $977.5M-9.2% | $1.1B-0.9% | $1.1B-17.3% | $1.3B+16.3% | $1.1B-8.0% | $1.2B-4.5% | $1.3B-16.0% | $1.5B |
| Cash & Equivalents | $53.5M+21.6% | $44.0M-5.2% | $46.4M-0.4% | $46.6M+1.2% | $46.0M-10.3% | $51.3M+14.7% | $44.7M-28.0% | $62.1M |
| Inventory | $837.3M-11.9% | $949.9M-0.4% | $953.3M-19.0% | $1.2B+19.7% | $983.2M-9.6% | $1.1B-5.3% | $1.1B-14.7% | $1.3B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.1B-0.8% | $3.1B+1.8% | $3.0B-8.2% | $3.3B+7.8% | $3.1B-1.1% | $3.1B+6.1% | $2.9B-10.0% | $3.3B |
| Current Liabilities | $1.3B+71.8% | $772.4M-7.1% | $831.0M-8.9% | $912.2M+8.7% | $838.8M+0.3% | $836.0M-9.1% | $919.9M-10.1% | $1.0B |
| Long-Term Debt | $0-100.0% | $573.8M+41.2% | $406.3M-23.8% | $533.0M+8.1% | $493.2M-1.7% | $501.6M+66.4% | $301.4M-34.5% | $459.9M |
| Total Equity | -$154.6M-289.8% | $81.4M-71.4% | $284.5M-9.2% | $313.2M+2.3% | $306.0M-44.5% | $551.4M-27.8% | $763.9M-2.3% | $782.2M |
| Retained Earnings | $2.3B-9.4% | $2.5B-7.5% | $2.8B-1.1% | $2.8B+0.2% | $2.8B-8.3% | $3.0B-6.6% | $3.2B-0.7% | $3.3B |
BIGGQ Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$17.7M+88.0% | -$146.9M-199.8% | $147.2M+159.2% | -$248.5M-1456.0% | $18.3M+110.8% | -$168.9M-225.4% | $134.8M+193.8% | -$143.6M |
| Capital Expenditures | $9.5M-37.6% | $15.1M-16.5% | $18.1M+20.9% | $15.0M+14.2% | $13.1M-22.1% | $16.9M-47.4% | $32.1M-15.6% | $38.0M |
| Free Cash Flow | -$27.1M+83.3% | -$162.1M-225.6% | $129.0M+149.0% | -$263.5M-5177.6% | $5.2M+102.8% | -$185.8M-280.9% | $102.7M+156.5% | -$181.6M |
| Investing Cash Flow | -$9.4M+40.5% | -$15.7M-6.3% | -$14.8M-104.7% | $314.7M+4085.1% | -$7.9M+36.7% | -$12.5M-178.4% | $15.9M+141.9% | -$38.0M |
| Financing Cash Flow | $36.5M-77.2% | $160.3M+220.9% | -$132.5M-102.0% | -$65.6M-317.5% | -$15.7M-108.4% | $188.0M+211.9% | -$168.1M-186.4% | $194.6M |
| Dividends Paid | $54K-66.0% | $159K+695.0% | $20K-56.5% | $46K-69.9% | $153K-98.4% | $9.6M+9.8% | $8.7M-0.4% | $8.8M |
| Share Buybacks | $14K-98.1% | $747K+3457.1% | $21K-78.1% | $96K+95.9% | $49K-96.5% | $1.4M+1188.2% | $110K-42.1% | $190K |
BIGGQ Financial Ratios
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.9%-1.9pp | 36.8%+0.3pp | 36.5%+0.1pp | 36.4%+3.4pp | 33.0%-1.9pp | 34.9%-1.4pp | 36.4%+2.3pp | 34.0% |
| Operating Margin | -21.2%-2.1pp | -19.1%-13.2pp | -5.9%-7.9pp | 1.9%+12.6pp | -10.7%+12.5pp | -23.3%-22.7pp | -0.5%+10.3pp | -10.9% |
| Net Margin | -22.8%-2.5pp | -20.3%-18.3pp | -2.1%-2.5pp | 0.5%+22.4pp | -21.9%-3.6pp | -18.3%-17.5pp | -0.8%+7.7pp | -8.6% |
| Return on Equity | N/A | -251.8%-240.6pp | -11.2%-12.7pp | 1.5%+83.2pp | -81.6%-44.3pp | -37.4%-35.7pp | -1.6%+11.5pp | -13.2% |
| Return on Assets | -8.2%-1.7pp | -6.5%-5.5pp | -0.9%-1.1pp | 0.1%+7.5pp | -7.4%-1.8pp | -5.6%-5.3pp | -0.3%+2.2pp | -2.5% |
| Current Ratio | 0.74-0.7 | 1.39+0.1 | 1.31-0.1 | 1.44+0.1 | 1.35-0.1 | 1.47+0.1 | 1.40-0.1 | 1.50 |
| Debt-to-Equity | 0.00-7.0 | 7.05+5.6 | 1.43-0.3 | 1.70+0.1 | 1.61+0.7 | 0.91+0.5 | 0.39-0.2 | 0.59 |
| FCF Margin | -2.6%+13.5pp | -16.1%-24.4pp | 8.3%+34.0pp | -25.7%-26.1pp | 0.5%+17.0pp | -16.5%-23.2pp | 6.7%+21.7pp | -15.1% |
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Frequently Asked Questions
What is Big Lots's annual revenue?
Big Lots (BIGGQ) reported $4.7B in total revenue for fiscal year 2024. This represents a -13.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Big Lots's revenue growing?
Big Lots (BIGGQ) revenue declined by 13.6% year-over-year, from $5.5B to $4.7B in fiscal year 2024.
Is Big Lots profitable?
No, Big Lots (BIGGQ) reported a net income of -$481.9M in fiscal year 2024, with a net profit margin of -10.2%.
What is Big Lots's EBITDA?
Big Lots (BIGGQ) had EBITDA of -$240.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Big Lots have?
As of fiscal year 2024, Big Lots (BIGGQ) had $44.0M in cash and equivalents against $573.8M in long-term debt.
What is Big Lots's gross margin?
Big Lots (BIGGQ) had a gross margin of 35.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Big Lots's operating margin?
Big Lots (BIGGQ) had an operating margin of -8.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Big Lots's net profit margin?
Big Lots (BIGGQ) had a net profit margin of -10.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Big Lots pay dividends?
Yes, Big Lots (BIGGQ) paid $0.30 per share in dividends during fiscal year 2024.
What is Big Lots's return on equity (ROE)?
Big Lots (BIGGQ) has a return on equity of -591.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Big Lots's free cash flow?
Big Lots (BIGGQ) generated -$315.1M in free cash flow during fiscal year 2024. This represents a -3.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Big Lots's operating cash flow?
Big Lots (BIGGQ) generated -$252.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Big Lots's total assets?
Big Lots (BIGGQ) had $3.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Big Lots's capital expenditures?
Big Lots (BIGGQ) invested $63.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Big Lots's current ratio?
Big Lots (BIGGQ) had a current ratio of 1.39 as of fiscal year 2024, which is considered adequate.
What is Big Lots's debt-to-equity ratio?
Big Lots (BIGGQ) had a debt-to-equity ratio of 7.05 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Big Lots's return on assets (ROA)?
Big Lots (BIGGQ) had a return on assets of -15.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Big Lots's cash runway?
Based on fiscal year 2024 data, Big Lots (BIGGQ) had $44.0M in cash against an annual operating cash burn of $252.0M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Big Lots's Altman Z-Score?
Big Lots (BIGGQ) has an Altman Z-Score of 2.32, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Big Lots's Piotroski F-Score?
Big Lots (BIGGQ) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Big Lots's earnings high quality?
Big Lots (BIGGQ) has an earnings quality ratio of 0.52x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Big Lots cover its interest payments?
Big Lots (BIGGQ) has an interest coverage ratio of -8.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.