The ODP Corporation (ODP)

The ODP Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 28, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020
Revenue	6,690	6,990	7,823	8,484	8,465	8,872
Revenue Growth (YoY)	-9.55%	-10.65%	-7.79%	0.22%	-4.59%	-8.22%
Cost of Revenue	5,324	5,545	6,062	6,639	6,602	6,921
Gross Profit	1,366	1,445	1,761	1,845	1,863	1,951
Selling, General & Admin	1,210	1,267	1,399	1,475	1,537	1,651
Amortization of Goodwill & Intangibles	4	4	3	6	9	6
Other Operating Expenses	-54	-54	-	54	-	-
Operating Expenses	1,160	1,217	1,402	1,535	1,546	1,657
Operating Income	206	228	359	310	317	294
Interest Expense	-26	-23	-20	-16	-28	-42
Interest & Investment Income	9	9	10	5	1	4
Other Non Operating Income (Expenses)	-8	-4	1	5	12	2
EBT Excluding Unusual Items	181	210	350	304	302	258
Merger & Restructuring Charges	-117	-101	-4	15	-46	-102
Impairment of Goodwill	-	-	-	-	-	-115
Asset Writedown	-60	-33	-17	-14	-20	-67
Legal Settlements	70	70	-	-	-	-
Other Unusual Items	-	-	-	-	-5	-12
Pretax Income	74	146	329	305	231	-38
Income Tax Expense	24	40	82	79	44	25
Earnings From Continuing Operations	50	106	247	226	187	-63
Earnings From Discontinued Operations	-24	-109	-108	-60	-395	-256
Net Income to Company	26	-3	139	166	-208	-319
Net Income	26	-3	139	166	-208	-319
Net Income to Common	26	-3	139	166	-208	-319
Net Income Growth	-	-	-16.27%	-	-	-
Shares Outstanding (Basic)	31	34	39	48	53	53
Shares Outstanding (Diluted)	32	35	40	49	55	53
Shares Change (YoY)	-14.87%	-12.50%	-18.37%	-10.91%	3.77%	-3.64%
EPS (Basic)	0.84	-0.09	3.56	3.46	-3.92	-6.02
EPS (Diluted)	0.84	-0.03	3.52	3.37	-3.76	-6.03
EPS Growth	-	-	4.59%	-	-	-
Free Cash Flow	95	32	250	182	273	427
Free Cash Flow Per Share	3.02	0.91	6.25	3.71	4.96	8.06
Dividend Per Share	-	-	-	-	-	0.250
Dividend Growth	-	-	-	-	-	-75.00%
Gross Margin	20.42%	20.67%	22.51%	21.75%	22.01%	21.99%
Operating Margin	3.08%	3.26%	4.59%	3.65%	3.74%	3.31%
Profit Margin	0.39%	-0.04%	1.78%	1.96%	-2.46%	-3.60%
Free Cash Flow Margin	1.42%	0.46%	3.20%	2.15%	3.23%	4.81%
EBITDA	255	270	423	388	414	401
EBITDA Margin	3.81%	3.86%	5.41%	4.57%	4.89%	4.52%
D&A For EBITDA	49	42	64	78	97	107
EBIT	206	228	359	310	317	294
EBIT Margin	3.08%	3.26%	4.59%	3.65%	3.74%	3.31%
Effective Tax Rate	32.43%	27.40%	24.92%	25.90%	19.05%	-
Advertising Expenses	-	108	128	130	139	177

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q