GameStop Corp. (GME) Margin Analysis - Discounting Cash Flows

GameStop Corp.

GME (NYSE)

(%)

Models
GameStop Corp. Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 10	2024 Jan 31	2023 Jan 31	2022 Jan 31	2021 Jan 31
Revenue	3,808	3,823	5,273	5,927	6,011
Revenue Growth Rate	-0.387%	-27.5%	-11.04%	-1.39%	18.09%
Cost of Revenue	2,636	2,709	3,979	4,555	4,663
Gross Profit	1,173	1,114	1,294	1,372	1,348
Gross Margin	30.79%	29.14%	24.54%	23.15%	22.42%
Operating Income	176.7	-26.2	-34.5	-311.6	-368.5
Operating Margin	4.64%	-0.685%	-0.654%	-5.26%	-6.13%
Net Income	421.8	131.3	6.7	-313.1	-381.3
Net Margin	11.08%	3.43%	0.127%	-5.28%	-6.34%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 10	2024 Jan 31	2023 Jan 31	2022 Jan 31	2021 Jan 31
Revenue	3,808	3,823	5,273	5,927	6,011
Cash from Operating Activities	583.5	145.7	-203.7	108.2	-434.3
Cash from Operating Activities Margin	15.32%	3.81%	-3.86%	1.82%	-7.22%
Free Cash Flow	568.7	129.6	-238.6	52.3	-496.3
Free Cash Flow Margin	14.93%	3.39%	-4.52%	0.882%	-8.26%
Depreciation and Amortization	20.9	38.9	56.2	61.7	77.2
Depreciation and Amortization Margin	0.549%	1.02%	1.07%	1.04%	1.28%
Capital Expenditure	-14.8	-16.1	-34.9	-55.9	-62
Capital Expenditure Margin	-0.389%	-0.421%	-0.662%	-0.943%	-1.03%

Annual Chart

Monetary values in USD

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Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2025 (Q3) Nov 01	2025 (Q2) Aug 02	2025 (Q1) May 03	2024 (Q4) Jan 31	2024 (Q3) Nov 02	2024 (Q2) Aug 03
Revenue	821	972.2	732.4	1,283	860.3	798.3
Revenue Growth Rate	-15.55%	32.74%	-42.9%	49.09%	7.77%
Cost of Revenue	547.6	689.1	479.6	919.2	603.1	549.5
Gross Profit	273.4	283.1	252.8	363.4	257.2	248.8
Gross Margin	33.3%	29.12%	34.52%	28.33%	29.9%	31.17%
Operating Income	41.3	66.4	-10.8	79.8	-33.4	-22
Operating Margin	5.03%	6.83%	-1.47%	6.22%	-3.88%	-2.76%
Net Income	77.1	168.6	44.8	131.3	17.4	14.8
Net Margin	9.39%	17.34%	6.12%	10.24%	2.02%	1.85%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2025 (Q3) Nov 01	2025 (Q2) Aug 02	2025 (Q1) May 03	2024 (Q4) Jan 31	2024 (Q3) Nov 02	2024 (Q2) Aug 03
Revenue	821	972.2	732.4	1,283	860.3	798.3
Cash from Operating Activities	111.3	117.4	192.5	162.3	24.6	68.6
Cash from Operating Activities Margin	13.56%	12.08%	26.28%	12.65%	2.86%	8.59%
Free Cash Flow	107	113.3	189.6	158.8	20	65.5
Free Cash Flow Margin	13.03%	11.65%	25.89%	12.38%	2.33%	8.21%
Depreciation and Amortization	4.6	4.7	5.6	6	8.5	7.6
Depreciation and Amortization Margin	0.56%	0.483%	0.765%	0.468%	0.988%	0.952%
Capital Expenditure	-4.3	-4.1	-2.9	-3.5	-4.6	-3.1
Capital Expenditure Margin	-0.524%	-0.422%	-0.396%	-0.273%	-0.535%	-0.388%

Quarterly Chart

Monetary values in USD

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