BOOTNYSERetail-Shoe StoresFiscal year ends March 27
Boot Barn Holdings, Inc.
Financials through Q1 FY2027, quarter ended Jun 27, 2026Last filing: 10-Q on Jul 29, 2026
$119.36−2.36 (-1.94%)
Close on Oct 19, 2026
- Market cap
- $3.65B
- P/E (TTM)
- 15.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
38.1%+5.1 pts over 5 years
Operating margin
13.3%+3.6 pts over 5 years
Net margin
10.0%+3.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +17.9% | +10.8% | +20.3% | +14.8% | |
| Gross profit | +19.7% | +12.0% | +23.8% | +17.4% | |
| Operating income | +25.0% | +8.9% | +28.2% | +25.8% | |
| Net income | +24.8% | +9.8% | +30.6% | +36.8% | |
| EPS, diluted | +25.0% | +9.4% | +29.6% | +34.8% | |
| Free cash flow | – | – | -0.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 8.3% | 16.6% | 18.4% | |
| Return on assets | 2.6% | 6.4% | 10.1% | |
| Current ratio | 1.52 | 1.69 | 2.65 | |
| Debt to equity | 1.06 | 0.28 | – | |
| Inventory turnover | 2.4× | 2.1× | 1.8× | |
| Capex to revenue | 3.5% | 3.2% | 7.9% | |
| Diluted shares | 27M | 29M | 31M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Boot Barn generated $866.27M from operations and spent $680.62M on capital expenditure, dividends and share buybacks. 93% of that went back into the business.
Generated
$866.27M
Used
$680.62M
Capital expenditure$630.61M93%Dividends$00%Share buybacks$50.01M7%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin10.0%
×Asset turnover1.01×
×Equity multiplier1.82×
=Return on equity, FY202618.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 10.0% | 1.01× | 1.82× | 18.4% |
| FY2025 | 9.5% | 1.03× | 1.79× | 17.4% |
| FY2024 | 8.8% | 1.03× | 1.87× | 17.1% |
| FY2023 | 10.3% | 1.22× | 1.97× | 24.8% |
| FY2022 | 12.9% | 1.40× | 2.15× | 38.7% |
| FY2021 | 6.6% | 0.96× | 2.59× | 16.6% |
| FY2020 | 5.7% | 1.08× | 2.66× | 16.4% |
| FY2019 | 5.0% | 1.27× | 2.56× | 16.3% |
| FY2018 | 4.3% | 1.18× | 2.92× | 14.6% |
| FY2017 | 2.3% | 1.14× | 3.24× | 8.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$225.88M
- Cash generatingOperating cash flow above zero$304.90M
- Return on assets improvedROA up on the prior year10.6% → 11.2%
- Earnings backed by cashOperating cash flow above net income$304.90M vs $225.88M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.45 → 2.65
- No dilutionShare count did not rise31M → 31M
- Gross margin improvedGross margin up on the prior year37.52% → 38.08%
- More efficientAsset turnover rose1.12 → 1.12