The Odp Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
The Odp Corp has an operating margin of 2.3%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 12/100, suggesting thin profitability after operating expenses. This is down from 4.2% the prior year.
The Odp Corp's revenue declined 10.6% year-over-year, from $7.8B to $7.0B. This contraction results in a growth score of 0/100.
The Odp Corp carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
The Odp Corp's current ratio of 0.93 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.
While The Odp Corp generated $130.0M in operating cash flow, capex of $98.0M consumed most of it, leaving $32.0M in free cash flow. This results in a low score of 2/100, reflecting heavy capital investment rather than weak cash generation.
The Odp Corp scores 2.16, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
The Odp Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, The Odp Corp generates $-43.33 in operating cash flow ($130.0M OCF vs -$3.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
The Odp Corp earns $7.1 in operating income for every $1 of interest expense ($163.0M vs $23.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows The Odp Corp (ODP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Key Financial Metrics
The Odp Corp generated $7.0B in revenue in fiscal year 2024. This represents a decrease of 10.6% from the prior year.
The Odp Corp's EBITDA was $260.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 39.4% from the prior year.
The Odp Corp generated $32.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 87.2% from the prior year.
The Odp Corp reported -$3.0M in net income in fiscal year 2024. This represents a decrease of 102.2% from the prior year.
The Odp Corp earned $3.08 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 50.5% from the prior year.
The Odp Corp held $166.0M in cash against $270.0M in long-term debt as of fiscal year 2024.
The Odp Corp had 30M shares outstanding in fiscal year 2024. This represents a decrease of 19.3% from the prior year.
The Odp Corp's gross margin was 20.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.8 percentage points from the prior year.
The Odp Corp's operating margin was 2.3% in fiscal year 2024, reflecting core business profitability. This is down 1.9 percentage points from the prior year.
The Odp Corp's net profit margin was -0.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.8 percentage points from the prior year.
The Odp Corp spent $300.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1.7% from the prior year.
The Odp Corp invested $98.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 21.0% from the prior year.
ODP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B+2.5% | $1.6B-6.7% | $1.7B+4.6% | $1.6B-8.8% | $1.8B+3.7% | $1.7B-8.1% | $1.9B+3.7% | $1.8B |
| Cost of Revenue | $1.3B+1.4% | $1.3B-4.7% | $1.3B+3.6% | $1.3B-8.7% | $1.4B+3.0% | $1.4B-5.9% | $1.5B+3.8% | $1.4B |
| Gross Profit | $331.0M+6.8% | $310.0M-13.9% | $360.0M+8.8% | $331.0M-9.1% | $364.0M+6.4% | $342.0M-16.2% | $408.0M+3.6% | $394.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $293.0M+2.8% | $285.0M-6.9% | $306.0M+2.3% | $299.0M-7.4% | $323.0M+4.5% | $309.0M-9.4% | $341.0M+6.2% | $321.0M |
| Operating Income | $34.0M+277.8% | $9.0M+128.1% | -$32.0M-260.0% | $20.0M-80.4% | $102.0M | $0-100.0% | $41.0M-21.2% | $52.0M |
| Interest Expense | $6.0M0.0% | $6.0M-14.3% | $7.0M0.0% | $7.0M+16.7% | $6.0M+20.0% | $5.0M0.0% | $5.0M0.0% | $5.0M |
| Income Tax | $8.0M+300.0% | $2.0M+120.0% | -$10.0M | N/A | $27.0M | N/A | $8.0M-50.0% | $16.0M |
| Net Income | $23.0M | $0+100.0% | -$29.0M-866.7% | -$3.0M-105.2% | $58.0M+179.5% | -$73.0M-586.7% | $15.0M+140.5% | -$37.0M |
| EPS (Diluted) | $0.72 | $0.00+100.0% | $-0.97-369.4% | $0.36-82.4% | $2.04+1800.0% | $-0.12-114.5% | $0.83-18.6% | $1.02 |
ODP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.3B-3.6% | $3.4B-1.9% | $3.5B-1.8% | $3.5B-4.4% | $3.7B+1.0% | $3.7B-2.2% | $3.7B-3.9% | $3.9B |
| Current Assets | $1.4B-2.8% | $1.4B-0.8% | $1.4B+0.3% | $1.4B-6.5% | $1.5B+4.2% | $1.5B-3.1% | $1.5B-12.4% | $1.7B |
| Cash & Equivalents | $182.0M+2.8% | $177.0M-4.3% | $185.0M+11.4% | $166.0M-8.3% | $181.0M+0.6% | $180.0M-36.2% | $282.0M-26.0% | $381.0M |
| Inventory | $699.0M-6.2% | $745.0M-0.7% | $750.0M-2.6% | $770.0M+1.3% | $760.0M-2.3% | $778.0M+6.1% | $733.0M-4.2% | $765.0M |
| Accounts Receivable | $474.0M+3.0% | $460.0M-1.9% | $469.0M+0.6% | $466.0M-15.3% | $550.0M+18.3% | $465.0M-0.2% | $466.0M-3.9% | $485.0M |
| Goodwill | $412.0M0.0% | $412.0M+0.2% | $411.0M0.0% | $411.0M-0.2% | $412.0M+2.2% | $403.0M0.0% | $403.0M0.0% | $403.0M |
| Total Liabilities | $2.5B-5.7% | $2.6B-2.9% | $2.7B-1.4% | $2.7B-4.0% | $2.8B+2.7% | $2.8B+3.5% | $2.7B-4.3% | $2.8B |
| Current Liabilities | $1.5B+0.2% | $1.5B-1.1% | $1.5B-0.1% | $1.5B-7.4% | $1.7B+1.5% | $1.6B+1.1% | $1.6B-4.3% | $1.7B |
| Long-Term Debt | $141.0M-40.5% | $237.0M-6.3% | $253.0M-6.3% | $270.0M+14.4% | $236.0M+36.4% | $173.0M+50.4% | $115.0M-30.3% | $165.0M |
| Total Equity | $823.0M+3.4% | $796.0M+1.5% | $784.0M-2.9% | $807.0M-5.7% | $856.0M-4.1% | $893.0M-16.5% | $1.1B-2.9% | $1.1B |
| Retained Earnings | -$321.0M+6.7% | -$344.0M0.0% | -$344.0M-9.2% | -$315.0M-1.0% | -$312.0M+15.7% | -$370.0M-24.6% | -$297.0M+4.8% | -$312.0M |
ODP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $90.0M+462.5% | $16.0M-71.9% | $57.0M+103.6% | $28.0M-62.7% | $75.0M+781.8% | -$11.0M-128.9% | $38.0M-44.9% | $69.0M |
| Capital Expenditures | $12.0M0.0% | $12.0M-42.9% | $21.0M-19.2% | $26.0M+18.2% | $22.0M+15.8% | $19.0M-38.7% | $31.0M+24.0% | $25.0M |
| Free Cash Flow | $78.0M+1850.0% | $4.0M-88.9% | $36.0M+1700.0% | $2.0M-96.2% | $53.0M+276.7% | -$30.0M-528.6% | $7.0M-84.1% | $44.0M |
| Investing Cash Flow | $15.0M+400.0% | -$5.0M+64.3% | -$14.0M+65.9% | -$41.0M-28.1% | -$32.0M-68.4% | -$19.0M+44.1% | -$34.0M-13.3% | -$30.0M |
| Financing Cash Flow | -$99.0M-371.4% | -$21.0M+12.5% | -$24.0M-118.2% | -$11.0M+72.5% | -$40.0M+34.4% | -$61.0M+46.0% | -$113.0M-232.4% | -$34.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | N/A | N/A | $46.0M-54.5% | $101.0M-1.9% | $103.0M+106.0% | $50.0M+61.3% | $31.0M |
ODP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.4%+0.8pp | 19.6%-1.6pp | 21.2%+0.8pp | 20.4%-0.1pp | 20.4%+0.5pp | 19.9%-1.9pp | 21.8%-0.0pp | 21.9% |
| Operating Margin | 2.1%+1.5pp | 0.6%+2.5pp | -1.9%-3.1pp | 1.2%-4.5pp | 5.7%+5.7pp | 0.0%-2.2pp | 2.2%-0.7pp | 2.9% |
| Net Margin | 1.4%+1.4pp | 0.0%+1.7pp | -1.7%-1.5pp | -0.2%-3.4pp | 3.3%+7.5pp | -4.3%-5.1pp | 0.8%+2.9pp | -2.1% |
| Return on Equity | 2.8% | N/A | N/A | N/A | 6.8% | N/A | 1.4% | N/A |
| Return on Assets | 0.7%+0.7pp | 0.0%+0.8pp | -0.8%-0.8pp | -0.1%-1.7pp | 1.6%+3.6pp | -2.0%-2.4pp | 0.4%+1.4pp | -0.9% |
| Current Ratio | 0.91-0.0 | 0.940.0 | 0.940.0 | 0.930.0 | 0.92+0.0 | 0.90-0.0 | 0.94-0.1 | 1.02 |
| Debt-to-Equity | 0.17-0.1 | 0.30-0.0 | 0.32-0.0 | 0.33+0.1 | 0.28+0.1 | 0.19+0.1 | 0.11-0.0 | 0.15 |
| FCF Margin | 4.8%+4.5pp | 0.3%-1.9pp | 2.1%+2.0pp | 0.1%-2.9pp | 3.0%+4.7pp | -1.8%-2.1pp | 0.4%-2.1pp | 2.4% |
Note: The current ratio is below 1.0 (0.93), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is The Odp Corp's annual revenue?
The Odp Corp (ODP) reported $7.0B in total revenue for fiscal year 2024. This represents a -10.6% 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 The Odp Corp's revenue growing?
The Odp Corp (ODP) revenue declined by 10.6% year-over-year, from $7.8B to $7.0B in fiscal year 2024.
Is The Odp Corp profitable?
No, The Odp Corp (ODP) reported a net income of -$3.0M in fiscal year 2024, with a net profit margin of -0.0%.
What is The Odp Corp's earnings per share (EPS)?
The Odp Corp (ODP) reported diluted earnings per share of $3.08 for fiscal year 2024. This represents a -50.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is The Odp Corp's EBITDA?
The Odp Corp (ODP) had EBITDA of $260.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does The Odp Corp have?
As of fiscal year 2024, The Odp Corp (ODP) had $166.0M in cash and equivalents against $270.0M in long-term debt.
What is The Odp Corp's gross margin?
The Odp Corp (ODP) had a gross margin of 20.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is The Odp Corp's operating margin?
The Odp Corp (ODP) had an operating margin of 2.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is The Odp Corp's net profit margin?
The Odp Corp (ODP) had a net profit margin of -0.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is The Odp Corp's free cash flow?
The Odp Corp (ODP) generated $32.0M in free cash flow during fiscal year 2024. This represents a -87.2% 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 The Odp Corp's operating cash flow?
The Odp Corp (ODP) generated $130.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are The Odp Corp's total assets?
The Odp Corp (ODP) had $3.5B in total assets as of fiscal year 2024, including both current and long-term assets.
What are The Odp Corp's capital expenditures?
The Odp Corp (ODP) invested $98.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does The Odp Corp buy back shares?
Yes, The Odp Corp (ODP) spent $300.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does The Odp Corp have outstanding?
The Odp Corp (ODP) had 30M shares outstanding as of fiscal year 2024.
What is The Odp Corp's current ratio?
The Odp Corp (ODP) had a current ratio of 0.93 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is The Odp Corp's debt-to-equity ratio?
The Odp Corp (ODP) had a debt-to-equity ratio of 0.33 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is The Odp Corp's return on assets (ROA)?
The Odp Corp (ODP) had a return on assets of -0.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is The Odp Corp's Altman Z-Score?
The Odp Corp (ODP) has an Altman Z-Score of 2.16, 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 The Odp Corp's Piotroski F-Score?
The Odp Corp (ODP) has a Piotroski F-Score of 3 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are The Odp Corp's earnings high quality?
The Odp Corp (ODP) has an earnings quality ratio of -43.33x, considered mixed quality. 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 The Odp Corp cover its interest payments?
The Odp Corp (ODP) has an interest coverage ratio of 7.1x, meaning it can comfortably 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.
How financially healthy is The Odp Corp?
The Odp Corp (ODP) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.