Buckle Inc Financials

BKE

Source SEC Filings (10-K/10-Q) Updated Nov 1, 2025 Currency USD FYE February

This page shows Buckle Inc (BKE) 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).

Financial Health Signals

Financial Profile 72/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Buckle Inc has an operating margin of 19.8%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 99/100, reflecting efficient cost management and pricing power. This is down from 21.5% the prior year.

Growth

Buckle Inc's revenue declined 3.4% year-over-year, from $1.3B to $1.2B. This contraction results in a growth score of 19/100.

Leverage

Buckle Inc carries a low D/E ratio of 1.19, meaning only $1.19 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 67/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Buckle Inc's current ratio of 2.09 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Buckle Inc converts 16.4% of revenue into free cash flow ($199.7M). This strong cash generation earns a score of 82/100.

Returns

100

Buckle Inc earns a strong 43.9% return on equity (ROE), meaning it generates $44 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 50.7% the prior year.

Altman Z-Score Safe

5.78

Buckle Inc scores 5.78, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.7B) relative to total liabilities ($532.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Weak

3/9

Buckle Inc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.24x

For every $1 of reported earnings, Buckle Inc generates $1.24 in operating cash flow ($242.0M OCF vs $195.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$1.2B

YoY-3.4%

5Y CAGR+6.2%

10Y CAGR+0.5%

Buckle Inc generated $1.2B in revenue in fiscal year 2025. This represents a decrease of 3.4% from the prior year.

EBITDA

$264.4M

YoY-9.4%

5Y CAGR+11.2%

10Y CAGR-0.9%

Buckle Inc's EBITDA was $264.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.4% from the prior year.

Free Cash Flow

$199.7M

YoY-8.1%

5Y CAGR+10.1%

10Y CAGR+2.9%

Buckle Inc generated $199.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.1% from the prior year.

Net Income

$195.5M

YoY-11.1%

5Y CAGR+13.4%

10Y CAGR+1.9%

Buckle Inc reported $195.5M in net income in fiscal year 2025. This represents a decrease of 11.1% from the prior year.

EPS (Diluted)

$3.89

YoY-11.6%

5Y CAGR+12.7%

10Y CAGR+1.4%

Buckle Inc earned $3.89 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 11.6% from the prior year.

Cash & Debt

$268.9M

YoY+0.5%

5Y CAGR+7.8%

10Y CAGR+7.2%

Buckle Inc held $268.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$3.90

YoY+0.0%

5Y CAGR+11.1%

10Y CAGR+0.6%

Buckle Inc paid $3.90 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

51M

YoY+0.7%

5Y CAGR+0.7%

10Y CAGR+0.5%

Buckle Inc had 51M shares outstanding in fiscal year 2025. This represents an increase of 0.7% from the prior year.

Gross Margin

48.7%

YoY-0.4pp

5Y CAGR+6.8pp

10Y CAGR+4.7pp

Buckle Inc's gross margin was 48.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.

Operating Margin

19.8%

YoY-1.7pp

5Y CAGR+5.2pp

10Y CAGR-2.5pp

Buckle Inc's operating margin was 19.8% in fiscal year 2025, reflecting core business profitability. This is down 1.7 percentage points from the prior year.

Net Margin

16.1%

YoY-1.4pp

5Y CAGR+4.5pp

10Y CAGR+2.0pp

Buckle Inc's net profit margin was 16.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.4 percentage points from the prior year.

Return on Equity

43.9%

YoY-6.8pp

5Y CAGR+16.3pp

10Y CAGR+1.1pp

Buckle Inc's ROE was 43.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.8 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$42.3M

YoY+13.4%

5Y CAGR+42.0%

10Y CAGR-0.7%

Buckle Inc invested $42.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 13.4% from the prior year.

BKE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.2B-3.4%	$1.3B-6.3%	$1.3B+3.9%	$1.3B+43.6%	$901.3M+0.1%	$900.3M
Cost of Revenue	$624.9M-2.7%	$642.0M-4.1%	$669.2M+4.3%	$641.6M+28.2%	$500.6M-4.2%	$522.8M
Gross Profit	$592.8M-4.2%	$619.1M-8.4%	$676.0M+3.5%	$653.0M+63.0%	$400.7M+6.1%	$377.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$351.4M+1.0%	$348.0M0.0%	$347.9M+9.6%	$317.5M+36.5%	$232.6M-5.4%	$246.0M
Operating Income	$241.4M-11.0%	$271.1M-17.4%	$328.1M-2.2%	$335.5M+99.7%	$168.0M+27.8%	$131.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$62.3M-10.1%	$69.3M-13.8%	$80.4M-3.0%	$82.9M+103.2%	$40.8M+22.6%	$33.3M
Net Income	$195.5M-11.1%	$219.9M-13.6%	$254.6M-0.1%	$254.8M+95.8%	$130.1M+24.6%	$104.4M
EPS (Diluted)	$3.89-11.6%	$4.40-14.2%	$5.13-0.6%	$5.16+94.0%	$2.66+24.3%	$2.14

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$320.8M+4.9%	$305.7M+12.4%	$272.1M-28.8%	$382.4M+26.0%	$303.5M+3.8%	$292.4M+3.4%	$282.8M-29.6%	$401.8M
Cost of Revenue	$166.9M+3.9%	$160.7M+10.7%	$145.1M-20.3%	$182.2M+16.6%	$156.2M+1.4%	$154.0M+3.0%	$149.6M-20.7%	$188.7M
Gross Profit	$153.9M+6.1%	$145.0M+14.2%	$127.0M-36.6%	$200.2M+36.0%	$147.2M+6.4%	$138.4M+3.9%	$133.3M-37.5%	$213.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$93.0M+4.9%	$88.7M+6.3%	$83.4M-19.5%	$103.7M+24.7%	$83.2M+1.8%	$81.7M+2.7%	$79.5M-22.9%	$103.1M
Operating Income	$60.9M+8.1%	$56.3M+29.4%	$43.5M-54.9%	$96.5M+50.6%	$64.1M+12.9%	$56.8M+5.6%	$53.7M-51.1%	$109.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$15.8M+8.2%	$14.6M+27.9%	$11.4M-51.9%	$23.8M+41.5%	$16.8M+13.4%	$14.8M+6.3%	$13.9M-47.0%	$26.3M
Net Income	$48.7M+8.2%	$45.0M+27.9%	$35.2M-55.8%	$79.6M+53.7%	$51.8M+13.4%	$45.6M+6.3%	$42.9M-51.1%	$87.8M
EPS (Diluted)	$0.96+7.9%	$0.89+27.1%	$0.70-55.7%	$1.58+51.9%	$1.04+13.0%	$0.92+7.0%	$0.86-51.1%	$1.76

BKE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$977.3M+7.9%	$906.1M+6.7%	$848.9M+7.6%	$789.0M-13.9%	$916.2M+14.3%	$801.6M
Current Assets	$455.6M+2.0%	$446.8M+3.0%	$433.9M+6.3%	$408.2M-19.2%	$505.2M+48.8%	$339.6M
Cash & Equivalents	$268.9M+0.5%	$267.4M+5.1%	$254.4M+1.7%	$250.1M-36.4%	$393.2M+112.5%	$185.0M
Inventory	$132.4M+1.3%	$130.7M-5.1%	$137.7M+13.7%	$121.2M+36.1%	$89.0M-26.8%	$121.7M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$532.1M+12.7%	$472.3M+6.4%	$443.7M+1.9%	$435.4M-8.5%	$476.1M+12.4%	$423.7M
Current Liabilities	$217.7M+6.1%	$205.3M-0.7%	$206.8M-7.6%	$223.7M-4.4%	$234.0M+69.1%	$138.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$445.3M+2.6%	$433.8M+7.1%	$405.2M+14.6%	$353.6M-19.7%	$440.1M+16.4%	$377.9M
Retained Earnings	$234.8M-1.0%	$237.1M+6.7%	$222.1M+21.5%	$182.8M-34.5%	$278.9M+24.2%	$224.6M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$1.1B+4.8%	$1.0B+5.2%	$977.3M+9.8%	$889.8M-3.4%	$921.2M+6.9%	$861.5M+1.5%	$848.9M+1.3%	$837.6M
Current Assets	$539.1M+9.3%	$493.3M+8.3%	$455.6M+2.6%	$444.3M-12.7%	$508.9M+11.8%	$455.2M+4.9%	$433.9M+2.5%	$423.3M
Cash & Equivalents	$316.2M+6.2%	$297.8M+10.8%	$268.9M+0.3%	$268.2M-13.9%	$311.7M+13.1%	$275.6M+8.3%	$254.4M+0.9%	$252.1M
Inventory	$165.8M+16.3%	$142.5M+7.6%	$132.4M+4.8%	$126.3M-17.1%	$152.3M+11.9%	$136.1M-1.2%	$137.7M+10.1%	$125.1M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$567.6M+2.7%	$552.5M+3.8%	$532.1M+11.6%	$476.6M+6.6%	$447.2M+5.2%	$425.0M-4.2%	$443.7M-3.8%	$461.3M
Current Liabilities	$244.4M+6.5%	$229.6M+5.4%	$217.7M-1.7%	$221.5M+2.4%	$216.2M+9.9%	$196.8M-4.8%	$206.8M-8.5%	$226.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$510.7M+7.3%	$476.2M+6.9%	$445.3M+7.8%	$413.2M-12.8%	$474.0M+8.6%	$436.5M+7.7%	$405.2M+7.7%	$376.3M
Retained Earnings	$292.7M+11.8%	$261.9M+11.5%	$234.8M+6.7%	$220.0M-22.6%	$284.2M+13.6%	$250.1M+12.6%	$222.1M+12.8%	$196.8M

BKE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$242.0M-5.0%	$254.6M+5.1%	$242.4M-22.3%	$311.8M+37.1%	$227.4M+74.0%	$130.7M
Capital Expenditures	$42.3M+13.4%	$37.3M+22.8%	$30.4M+59.0%	$19.1M+149.4%	$7.7M+4.6%	$7.3M
Free Cash Flow	$199.7M-8.1%	$217.4M+2.5%	$212.0M-27.6%	$292.7M+33.2%	$219.8M+78.2%	$123.3M
Investing Cash Flow	-$45.3M-8.4%	-$41.8M-0.9%	-$41.4M-43.9%	-$28.8M-3646.7%	-$768K-102.2%	$34.8M
Financing Cash Flow	-$198.0M-0.7%	-$196.7M+3.0%	-$202.9M+41.7%	-$347.8M-170.0%	-$128.8M-14.1%	-$112.9M
Dividends Paid	$198.0M+0.7%	$196.7M-3.0%	$202.9M-41.7%	$347.8M+170.7%	$128.5M+13.8%	$112.9M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$372K+447.1%	$68K

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$49.4M-15.4%	$58.4M+88.6%	$31.0M-71.7%	$109.3M+71.2%	$63.8M+32.4%	$48.2M+44.8%	$33.3M-69.0%	$107.3M
Capital Expenditures	$11.1M-8.1%	$12.0M+5.6%	$11.4M+22.7%	$9.3M-8.2%	$10.1M+18.3%	$8.5M-8.3%	$9.3M+16.6%	$8.0M
Free Cash Flow	$38.4M-17.3%	$46.4M+137.1%	$19.6M-80.4%	$100.0M+86.2%	$53.7M+35.5%	$39.7M+65.4%	$24.0M-75.9%	$99.3M
Investing Cash Flow	-$13.2M-13.8%	-$11.6M-4.4%	-$11.1M-23.8%	-$9.0M+11.2%	-$10.1M-7.6%	-$9.4M+29.2%	-$13.3M-86.7%	-$7.1M
Financing Cash Flow	-$17.9M0.0%	-$17.9M0.0%	-$17.9M+87.5%	-$143.8M-714.3%	-$17.7M0.0%	-$17.7M0.0%	-$17.7M+88.2%	-$150.3M
Dividends Paid	$17.9M0.0%	$17.9M0.0%	$17.9M-87.5%	$143.8M+714.3%	$17.7M0.0%	$17.7M0.0%	$17.7M-88.2%	$150.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BKE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	48.7%-0.4pp	49.1%-1.2pp	50.2%-0.2pp	50.4%+6.0pp	44.5%+2.5pp	41.9%
Operating Margin	19.8%-1.7pp	21.5%-2.9pp	24.4%-1.5pp	25.9%+7.3pp	18.6%+4.0pp	14.6%
Net Margin	16.1%-1.4pp	17.4%-1.5pp	18.9%-0.8pp	19.7%+5.2pp	14.4%+2.8pp	11.6%
Return on Equity	43.9%-6.8pp	50.7%-12.1pp	62.8%-9.2pp	72.1%+42.5pp	29.6%+1.9pp	27.6%
Return on Assets	20.0%-4.3pp	24.3%-5.7pp	30.0%-2.3pp	32.3%+18.1pp	14.2%+1.2pp	13.0%
Current Ratio	2.09-0.1	2.18+0.1	2.10+0.3	1.82-0.3	2.16-0.3	2.45
Debt-to-Equity	1.19+0.1	1.090.0	1.10-0.1	1.23+0.1	1.08-0.0	1.12
FCF Margin	16.4%-0.8pp	17.2%+1.5pp	15.8%-6.9pp	22.6%-1.8pp	24.4%+10.7pp	13.7%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	48.0%+0.5pp	47.4%+0.8pp	46.7%-5.7pp	52.3%+3.8pp	48.5%+1.2pp	47.3%+0.2pp	47.1%-5.9pp	53.0%
Operating Margin	19.0%+0.6pp	18.4%+2.4pp	16.0%-9.2pp	25.2%+4.1pp	21.1%+1.7pp	19.4%+0.4pp	19.0%-8.4pp	27.4%
Net Margin	15.2%+0.5pp	14.7%+1.8pp	12.9%-7.9pp	20.8%+3.8pp	17.1%+1.5pp	15.6%+0.4pp	15.2%-6.7pp	21.9%
Return on Equity	9.5%+0.1pp	9.4%+1.6pp	7.9%-11.4pp	19.3%+8.3pp	10.9%+0.5pp	10.5%-0.1pp	10.6%-12.7pp	23.3%
Return on Assets	4.5%+0.1pp	4.4%+0.8pp	3.6%-5.3pp	8.9%+3.3pp	5.6%+0.3pp	5.3%+0.2pp	5.1%-5.4pp	10.5%
Current Ratio	2.21+0.1	2.15+0.1	2.09+0.1	2.01-0.3	2.35+0.0	2.31+0.2	2.10+0.2	1.87
Debt-to-Equity	1.11-0.0	1.16-0.0	1.19+0.0	1.15+0.2	0.94-0.0	0.97-0.1	1.10-0.1	1.23
FCF Margin	12.0%-3.2pp	15.2%+8.0pp	7.2%-19.0pp	26.2%+8.5pp	17.7%+4.1pp	13.6%+5.1pp	8.5%-16.2pp	24.7%

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Frequently Asked Questions

What is Buckle Inc's annual revenue?

Buckle Inc (BKE) reported $1.2B in total revenue for fiscal year 2025. This represents a -3.4% 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 Buckle Inc's revenue growing?

Buckle Inc (BKE) revenue declined by 3.4% year-over-year, from $1.3B to $1.2B in fiscal year 2025.

Is Buckle Inc profitable?

Yes, Buckle Inc (BKE) reported a net income of $195.5M in fiscal year 2025, with a net profit margin of 16.1%.

What is Buckle Inc's earnings per share (EPS)?

Buckle Inc (BKE) reported diluted earnings per share of $3.89 for fiscal year 2025. This represents a -11.6% 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 Buckle Inc's EBITDA?

Buckle Inc (BKE) had EBITDA of $264.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Buckle Inc's gross margin?

Buckle Inc (BKE) had a gross margin of 48.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Buckle Inc's operating margin?

Buckle Inc (BKE) had an operating margin of 19.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Buckle Inc's net profit margin?

Buckle Inc (BKE) had a net profit margin of 16.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Buckle Inc pay dividends?

Yes, Buckle Inc (BKE) paid $3.90 per share in dividends during fiscal year 2025.

What is Buckle Inc's return on equity (ROE)?

Buckle Inc (BKE) has a return on equity of 43.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Buckle Inc's free cash flow?

Buckle Inc (BKE) generated $199.7M in free cash flow during fiscal year 2025. This represents a -8.1% 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 Buckle Inc's operating cash flow?

Buckle Inc (BKE) generated $242.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Buckle Inc's total assets?

Buckle Inc (BKE) had $977.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Buckle Inc's capital expenditures?

Buckle Inc (BKE) invested $42.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Buckle Inc have outstanding?

Buckle Inc (BKE) had 51M shares outstanding as of fiscal year 2025.

What is Buckle Inc's current ratio?

Buckle Inc (BKE) had a current ratio of 2.09 as of fiscal year 2025, which is generally considered healthy.

What is Buckle Inc's debt-to-equity ratio?

Buckle Inc (BKE) had a debt-to-equity ratio of 1.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Buckle Inc's return on assets (ROA)?

Buckle Inc (BKE) had a return on assets of 20.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Buckle Inc's Altman Z-Score?

Buckle Inc (BKE) has an Altman Z-Score of 5.78, placing it in the Safe Zone (low bankruptcy 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 Buckle Inc's Piotroski F-Score?

Buckle Inc (BKE) 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 Buckle Inc's earnings high quality?

Buckle Inc (BKE) has an earnings quality ratio of 1.24x, considered cash-backed (high 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.

How financially healthy is Buckle Inc?

Buckle Inc (BKE) scores 72 out of 100 on our Financial Profile, indicating strong 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.