Boot Barn Holdings, Inc. (BOOT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.7	$1.91	+12.4%	—	$593.5M	—
Q4 26	$1.43	$1.45	+1.4%	—	$538.8M	—
Q3 26	$2.77	$2.57	-7.2%	—	$705.6M	—
Q2 26	$1.28	$1.37	+7.0%	—	$505.4M	—
Q1 26	$1.55	$1.74	+12.3%	—	$504.1M	—
Q4 25	$1.25	$1.22	-2.4%	—	$453.7M	—
Q3 25	$2.38	$2.21	-7.1%	—	$608.2M	—
Q2 25	$0.96	$0.95	-1.0%	—	$425.8M	—
Q1 25	$1.08	$1.26	+16.7%	—	$423.4M	—
Q4 24	$0.89	$0.96	+7.9%	—	$388.5M	—
Q3 24	$1.79	$1.81	+1.1%	—	$520.4M	—
Q2 24	$0.88	$0.9	+2.3%	—	$374.5M	—
Q1 24	$0.84	$1.13	+34.5%	—	$383.7M	—
Q4 23	$1.44	$1.53	+6.3%	—	$425.7M	—
Q3 23	$1.75	$1.74	-0.6%	—	$514.6M	—
Q2 23	$0.9	$1.06	+17.8%	—	$351.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$7.4	—	—	$2.3B	—
FY25	—	$5.93	—	—	$1.9B	—
FY24	—	$4.87	—	—	$1.7B	—
FY23	—	$5.72	—	—	$1.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$629.8M	$677.9M	$776.9M	$845.6M	$893.5M	$1.5B	$1.7B	$1.7B	$1.9B	$2.3B
YoY change	+10.7%	+7.64%	+14.6%	+8.85%	+5.67%	+66.6%	+11.4%	+0.57%	+14.6%	+17.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	629.8M	677.9M	776.9M	845.6M	893.5M	1.5B	1.7B	1.7B	1.9B	2.3B
Cost of revenue	439.9M	470M	525.4M	569.1M	598.6M	913.2M	1B	1.1B	1.2B	1.4B
Gross profit	189.9M	207.9M	251.4M	276.5M	294.9M	575.1M	610.6M	614.4M	717M	858.4M
Gross margin	30.1%	30.7%	32.4%	32.7%	33%	38.6%	36.8%	36.9%	37.5%	38.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	152.1M	161.7M	187.1M	202.8M	208.6M	316.7M	378.8M	416.2M	477.7M	559.2M
Operating expenses	152.1M	161.7M	187.1M	202.8M	208.6M	316.7M	378.8M	416.2M	477.7M	559.2M
Operating income	37.8M	46.3M	64.3M	73.7M	86.3M	258.3M	231.8M	198.2M	239.4M	299.1M
Operating margin	6%	6.82%	8.28%	8.71%	9.66%	17.4%	14%	11.9%	12.5%	13.3%
Non-operating income, net	—	—	5K	-45K	366K	35K	-29K	1.4M	2.3M	3M
Pretax income	23.1M	31.2M	48M	60.3M	77.3M	252.6M	225.9M	197.4M	240.1M	300.6M
Income tax	8.9M	2.3M	9M	12.4M	17.9M	60.1M	55.3M	50.4M	59.2M	74.7M
Net income	14.2M	28.9M	39M	47.9M	59.4M	192.4M	170.6M	147M	180.9M	225.9M
Net margin	2.25%	4.26%	5.02%	5.67%	6.65%	12.9%	10.3%	8.82%	9.47%	10%
EBITDA	54.5M	63.4M	83.2M	95M	110.8M	285.7M	267.7M	249.2M	304.1M	380.8M
EPS	0.54	1.08	1.39	1.68	2.05	6.51	5.72	4.87	5.93	7.4
Diluted EPS	0.53	1.05	1.35	1.64	2.01	6.33	5.62	4.8	5.88	7.35

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	374.5M	520.4M	388.5M	423.4M	425.8M	608.2M	453.7M	504.1M	505.4M	705.6M	538.8M	593.5M
Cost of revenue	240.5M	321.3M	249M	266.6M	272.9M	369.3M	285.2M	306.8M	321.2M	424.4M	343M	353.6M
Gross profit	133.9M	199.1M	139.4M	156.7M	152.9M	238.9M	168.6M	197.2M	184.1M	281.2M	195.7M	239.9M
Gross margin	35.8%	38.3%	35.9%	37%	35.9%	39.3%	37.1%	39.1%	36.4%	39.9%	36.3%	40.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	95.3M	124M	101.2M	106.5M	112.9M	139.4M	118.9M	126.5M	127.7M	166.5M	138.5M	149.4M
Operating expenses	95.3M	124M	101.2M	106.5M	112.9M	139.4M	118.9M	126.5M	127.7M	166.5M	138.5M	149.4M
Operating income	38.6M	75.1M	38.2M	50.2M	40M	99.5M	49.7M	70.7M	56.4M	114.8M	57.2M	90.5M
Operating margin	10.3%	14.4%	9.85%	11.9%	9.39%	16.4%	11%	14%	11.2%	16.3%	10.6%	15.3%
Non-operating income, net	-50K	351K	871K	596K	949K	110K	607K	911K	906K	405K	749K	2.2M
Pretax income	38.1M	75M	38.9M	50.5M	40.5M	99.2M	49.9M	71.3M	56.9M	114.8M	57.6M	92.4M
Income tax	10.4M	19.4M	9.4M	11.6M	11.1M	24.1M	12.4M	17.9M	14.7M	28.9M	13.2M	22.3M
Net income	27.7M	55.6M	29.4M	38.9M	29.4M	75.1M	37.5M	53.4M	42.2M	85.8M	44.4M	70.1M
Net margin	7.39%	10.7%	7.58%	9.19%	6.91%	12.3%	8.27%	10.6%	8.35%	12.2%	8.25%	11.8%
EBITDA	50.5M	88.7M	52.9M	65.1M	56.2M	115.8M	67M	89.1M	76.8M	135.3M	79.6M	115M
EPS	0.92	1.84	0.97	1.28	0.96	2.46	1.23	1.75	1.38	2.82	1.46	2.31
Diluted EPS	0.9	1.81	0.96	1.26	0.95	2.43	1.22	1.74	1.37	2.79	1.45	2.29

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	261.7M	474.2M	827M	369.6M	1.8B	2.8B	2.3B	2.9B	3.3B	4.5B	3.8B
Enterprise value	491.7M	681.2M	996M	734.7M	2.1B	3.1B	2.7B	3.3B	3.8B	5.1B	4.4B
Shares outstanding	26.5M	26.7M	28.1M	28.6M	28.9M	29.6M	29.8M	30.2M	30.5M	30.5M	30.5M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	18.4	16.4	21.2	7.71	30.4	14.6	13.4	19.5	18.1	19.8	15.6
P/S	0.42	0.7	1.06	0.44	2.02	1.88	1.38	1.72	1.72	1.98	1.59
P/B	1.45	2.21	3.13	1.15	4.56	4.67	2.94	3.04	2.9	3.39	2.83
EV/EBITDA	9.02	10.7	12	7.73	18.6	10.8	10.1	13.1	12.4	13.4	11.3
EV/Sales	0.78	1	1.28	0.87	2.31	2.07	1.64	1.96	1.97	2.26	1.88
Earnings yield	5.43%	6.09%	4.72%	13%	3.29%	6.87%	7.47%	5.12%	5.52%	5.06%	6.41%
FCF yield	7.21%	4.17%	4.32%	-3.21%	7.07%	1.01%	-1.56%	4.09%	-0.02%	2.82%	0.33%
PEG	—	—	—	—	—	—	—	—	—	—	0.49

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	30.1%	30.7%	32.4%	32.7%	33%	38.6%	36.8%	36.9%	37.5%	38.1%	40.4%
Operating margin	6%	6.82%	8.28%	8.71%	9.66%	17.4%	14%	11.9%	12.5%	13.3%	12.8%
Net margin	2.25%	4.26%	5.02%	5.67%	6.65%	12.9%	10.3%	8.82%	9.47%	10%	10.4%
ROE	7.89%	13.5%	14.8%	14.9%	15%	32.1%	22%	15.6%	16%	17.1%	19.2%
ROA	2.51%	4.91%	6.13%	5.19%	6.36%	16%	11.2%	8.62%	8.97%	9.22%	8.16%
ROIC	5.66%	10.2%	12.1%	8.53%	10.2%	22.2%	14.5%	11.1%	11.1%	11.5%	11.9%
Return on tangible assets	28.2%	38.5%	32.9%	11.8%	14.2%	28.2%	17%	12.3%	12%	11.7%	11.8%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.52	1.6	1.83	1.23	1.69	1.61	1.79	2.33	2.45	2.65	2.53
Quick ratio	0.24	0.2	0.24	0.31	0.45	0.2	0.21	0.42	0.33	0.49	0.45
Debt / equity	1.32	1.01	0.7	1.35	0.84	0.51	0.58	0.49	0.5	0.59	0.59
Debt / assets	0.42	0.37	0.29	0.47	0.35	0.26	0.3	0.27	0.28	0.32	0.31
Net debt / EBITDA	4.22	3.27	2.03	3.84	2.33	1	1.6	1.57	1.62	1.66	1.64
Interest coverage	2.57	3.07	3.94	5.53	9.18	44.7	39.4	89.2	161.4	197.8	211.1
Effective tax rate	38.6%	7.38%	18.7%	20.5%	23.1%	23.8%	24.5%	25.5%	24.6%	24.9%	24.6%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	23.8	25.3	27.7	29.6	30.9	50.4	55.6	55.3	62.6	73.9	77
EPS (basic)	0.54	1.08	1.39	1.68	2.05	6.51	5.72	4.87	5.93	7.4	7.4
EPS (diluted)	0.53	1.05	1.35	1.64	2.01	6.33	5.62	4.8	5.88	7.35	7.9
Book value per share	6.8	8.02	9.4	11.3	13.6	20.3	26.1	31.3	37.1	43.2	43.6
FCF per share	0.71	0.74	1.27	-0.42	4.41	0.96	-1.2	3.89	-0.02	4.13	3.8
Cash per share	0.3	0.34	0.59	2.43	2.53	0.7	0.61	2.51	2.29	4.62	4.6
Capex per share	0.84	0.91	0.98	1.3	0.98	2.05	4.18	3.94	4.86	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	3.54%	3.6%	3.54%	4.4%	3.18%	4.06%	7.51%	7.13%	7.76%	—	—
Capex / operating cash flow	45.4%	58.3%	51.1%	179.3%	29.8%	199.9%	105.2%	50.3%	121.9%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$374.5M	$520.4M	$388.5M	$423.4M	$425.8M	$608.2M	$453.7M	$504.1M	$505.4M	$705.6M	$538.8M	$593.5M
YoY change	+6.52%	+1.14%	-8.74%	+10.3%	+13.7%	+16.9%	+16.8%	+19.1%	+18.7%	+16%	+18.7%	+17.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	8M	9M	16.6M	69.6M	73.1M	20.7M	18.2M	75.8M	69.8M	141M
Receivables	4.4M	4.4M	8.1M	12.1M	12.8M	9.7M	13.1M	10M	10.3M	15.3M
Inventory	189.1M	211.5M	240.7M	288.7M	275.8M	474.3M	589.5M	599.1M	747.2M	844.6M
Total current assets	224.3M	241.1M	277.3M	384.7M	374.5M	541.8M	669.2M	729.6M	864M	1B
Property, plant & equipment	74.7M	81.2M	90.7M	279.8M	297.3M	396.4M	583.8M	714.2M	891.5M	1.2B
Goodwill & intangibles	515.2M	513M	517.4M	517M	516.8M	516.6M	516.5M	512.4M	512.4M	513M
Total assets	565.6M	587.9M	636.1M	924.7M	933.6M	1.2B	1.5B	1.7B	2B	2.5B
Accounts payable	77.5M	90M	105M	95.3M	104.6M	131.4M	134.2M	132.9M	134.4M	142.1M
Short-term debt	34.8M	21.5M	617K	164.7M	39.4M	71.7M	117.6M	63.5M	72.9M	89.7M
Total current liabilities	147.8M	151M	151.9M	312.6M	221.7M	336.5M	374.8M	312.8M	353.3M	391M
Long-term debt	203.3M	194.5M	185M	270M	291.6M	234.6M	330.1M	403.3M	490.2M	683.7M
Total liabilities	385.7M	373.3M	371.9M	603M	538.7M	600.2M	740.9M	761.9M	887M	1.1B
Shareholders' equity	179.9M	214.6M	264.2M	321.7M	394.9M	599.7M	776.5M	943.6M	1.1B	1.3B
Total debt	238.1M	216M	185.6M	434.6M	331M	306.3M	447.7M	466.8M	563M	773.5M
Net debt	230.1M	207M	169M	365.1M	257.9M	285.6M	429.5M	390.9M	493.3M	632.4M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	38.7M	107.2M	75.8M	83.4M	37.4M	152.9M	69.8M	95.3M	64.7M	200.1M	141M	139.3M
Receivables	9.3M	10.4M	10M	7.9M	7.9M	10.2M	10.3M	8.5M	10.1M	14.2M	15.3M	29.4M
Inventory	585.6M	563.4M	599.1M	627.1M	713M	690.3M	747.2M	774.1M	855.1M	805.5M	844.6M	900M
Total current assets	672.6M	735.1M	729.6M	756M	807.1M	899.4M	864M	908.7M	967.3M	1.1B	1B	1.1B
Property, plant & equipment	642.5M	674.8M	714.2M	756.5M	797.3M	851.2M	891.5M	922.2M	1B	1.1B	1.2B	1.2B
Goodwill & intangibles	516.5M	516.4M	512.4M	512.4M	512.4M	512.4M	512.4M	512.4M	513M	513M	513M	513M
Total assets	1.6B	1.7B	1.7B	1.8B	1.9B	2B	2B	2.1B	2.3B	2.4B	2.5B	2.6B
Accounts payable	139.8M	131.7M	132.9M	134M	153.6M	129.3M	134.4M	141.4M	175.4M	147.3M	142.1M	176.5M
Short-term debt	56.2M	59.2M	63.5M	67.8M	70.5M	70.3M	72.9M	76.8M	76.9M	79.2M	89.7M	88.6M
Total current liabilities	328.8M	343.6M	312.8M	323.1M	358.4M	409.1M	353.3M	358.7M	412.4M	441.4M	391M	432.3M
Long-term debt	357.5M	375.3M	403.3M	423.4M	446.1M	471.1M	490.2M	520.3M	591.1M	624.9M	683.7M	717.5M
Total liabilities	725.8M	762.6M	761.9M	792.6M	850.1M	922.4M	887M	922.4M	1.1B	1.1B	1.1B	1.2B
Shareholders' equity	852.4M	910.9M	943.6M	981.8M	1B	1.1B	1.1B	1.2B	1.2B	1.3B	1.3B	1.4B
Total debt	413.7M	434.6M	466.8M	491.1M	516.6M	541.5M	563M	597.1M	668M	704.1M	773.5M	806M
Net debt	375M	327.4M	390.9M	407.8M	479.2M	388.5M	493.3M	501.8M	603.2M	504M	632.4M	666.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	14.2M	28.9M	39M	47.9M	59.4M	192.4M	170.6M	147M	180.9M	225.9M
Depreciation & amortization	16.7M	17.1M	18.9M	21.4M	24.1M	27.4M	35.9M	49.6M	62.5M	78.7M
Stock-based compensation	3M	2.2M	2.9M	4.9M	7.2M	9.5M	9.7M	12.9M	11M	16.1M
Change in working capital	7.9M	-9.4M	-12.3M	-87.9M	-32.9M	-244.8M	-152.2M	-37.4M	-197.2M	-132.1M
Operating cash flow	49.1M	41.9M	53.9M	20.8M	95.4M	30.2M	118.4M	236.1M	121.6M	304.9M
Capital expenditure	-22.3M	-24.4M	-27.5M	-37.2M	-28.4M	-60.4M	-124.5M	-118.8M	-148.2M	—
Investing cash flow	-23.6M	-23.6M	-31.8M	-40.2M	-28.4M	-60.4M	-124.5M	-118.8M	-148.2M	—
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	-50M
Financing cash flow	-18M	-23.4M	-32M	62.6M	-131.3M	-86.7M	32M	-69.4M	-8.5M	-55.3M
Net change in cash	7.5M	-5M	-9.9M	43.2M	-64.3M	-116.9M	25.8M	48M	-35.1M	249.6M
Free cash flow	18.9M	19.8M	35.7M	-11.9M	127.5M	28.4M	-35.6M	117.3M	-753K	126M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	27.7M	55.6M	29.4M	38.9M	29.4M	75.1M	37.5M	53.4M	42.2M	85.8M	44.4M	70.1M
Depreciation & amortization	12M	13.2M	13.7M	14.3M	15.3M	16.3M	16.7M	17.5M	19.5M	20.1M	21.6M	22.3M
Stock-based compensation	2.9M	2.6M	2.5M	5.8M	5.1M	-2.7M	2.8M	3.7M	4.3M	4.5M	3.6M	4.5M
Change in working capital	5.1M	-9.5M	-43.7M	-34.5M	-77.9M	-18.8M	-102.4M	-20.5M	-66.7M	8.6M	-85.4M	-52.1M
Operating cash flow	63.3M	79.5M	18.8M	40.5M	-12.5M	83.5M	-26.2M	71.3M	25.7M	209.7M	-4.4M	83.8M
Capital expenditure	-34.8M	-26.6M	-27.5M	-27.1M	-38.3M	-42.9M	-39.9M	-31.5M	—	—	—	—
Investing cash flow	-34.8M	-26.6M	-27.5M	-27.1M	-38.3M	-42.9M	-39.9M	-31.5M	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	-12.5M	-12.5M	-12.5M	-12.5M	-25M
Financing cash flow	13.3M	-235K	-263K	-7.7M	-384K	-223K	-227K	-16.9M	-12.8M	-12.8M	-12.7M	-34.7M
Net change in cash	41.8M	52.7M	-8.9M	5.7M	-51.3M	40.4M	-66.3M	22.9M	12.9M	196.9M	-17.1M	49.1M
Free cash flow	39.9M	68.4M	-31.9M	14.2M	-46.1M	114.2M	-83.1M	42.4M	-17.8M	148M	-46.5M	32.8M

Boot Barn Holdings, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement