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Buckle Inc Financials

BKE
Source SEC Filings (10-K/10-Q) Data as of May 2, 2026 Currency USD FYE January

This page shows Buckle Inc (BKE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).

Rhea AI BKE FY2026

Buckle’s cash-generating retail model remains intact, but shareholder payouts absorb most of the surplus.

From FY2023 through FY2026, Buckle paid $822.7M of dividends against $879.8M of net income, so years of profitability did not translate into a larger cash cushion. That helps explain why cash stayed near $250M and equity slipped to $424.6M in FY2026 despite continued profitability.

The main pressure sits below gross profit, not in merchandise markup. With SG&A at $374.4M, operating margin was only 20.1% in FY2026 even though gross margin stayed near its recent range, pointing to cost deleverage in the selling base more than weaker product economics.

Cash conversion is still high quality: FY2026 operating cash flow of $251.1M topped net income of $209.7M, and that has been true each year shown. Because reinvestment needs are modest, capex does not consume the model; free cash flow has remained around $200M for three straight years.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 66 / 100
Financial Health Score 66/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Buckle Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
88

Buckle Inc has an operating margin of 20.1%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 88/100, reflecting efficient cost management and pricing power. This is up from 19.8% the prior year.

Growth
36

Buckle Inc's revenue grew 6.6% year-over-year to $1.3B, a solid pace of expansion. This earns a growth score of 36/100.

Leverage
41

Buckle Inc has a moderate D/E ratio of 1.29. This balance of debt and equity financing earns a leverage score of 41/100.

Liquidity
58

Buckle Inc's current ratio of 2.04 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
81

Buckle Inc converts 15.9% of revenue into free cash flow ($205.8M). This strong cash generation earns a score of 81/100.

Returns
90

Buckle Inc earns a strong 45.7% return on equity (ROE), meaning it generates $46 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 90/100. This is up from 43.9% the prior year.

Altman Z-Score Safe
4.91

Buckle Inc scores 4.91, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
4/8

Buckle Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.20x

For every $1 of reported earnings, Buckle Inc generates $1.20 in operating cash flow ($251.1M OCF vs $209.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.3B
YoY+6.6%
5Y CAGR+7.6%
10Y CAGR+1.5%

Buckle Inc generated $1.3B in revenue in fiscal year 2026. This represents an increase of 6.6% from the prior year.

EBITDA
$286.9M
YoY+8.5%
5Y CAGR+8.7%
10Y CAGR+0.9%

Buckle Inc's EBITDA was $286.9M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.5% from the prior year.

Net Income
$209.7M
YoY+7.3%
5Y CAGR+10.0%
10Y CAGR+3.6%

Buckle Inc reported $209.7M in net income in fiscal year 2026. This represents an increase of 7.3% from the prior year.

EPS (Diluted)
$4.14
YoY+6.4%
5Y CAGR+9.3%
10Y CAGR+3.1%

Buckle Inc earned $4.14 per diluted share (EPS) in fiscal year 2026. This represents an increase of 6.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$205.8M
YoY+3.0%
5Y CAGR-1.3%
10Y CAGR+5.1%

Buckle Inc generated $205.8M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 3.0% from the prior year.

Cash & Debt
$266.2M
YoY-1.0%
5Y CAGR-7.5%
10Y CAGR+5.7%

Buckle Inc held $266.2M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share
$4.40
YoY+12.8%
5Y CAGR+11.1%
10Y CAGR+8.5%

Buckle Inc paid $4.40 per share in dividends in fiscal year 2026. This represents an increase of 12.8% from the prior year.

Shares Outstanding
52M
YoY+0.7%
5Y CAGR+0.7%
10Y CAGR+0.6%

Buckle Inc had 52M shares outstanding in fiscal year 2026. This represents an increase of 0.7% from the prior year.

Margins & Returns

Gross Margin
49.0%
YoY+0.3pp
5Y CAGR+4.5pp
10Y CAGR+6.0pp

Buckle Inc's gross margin was 49.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.

Operating Margin
20.1%
YoY+0.3pp
5Y CAGR+1.5pp
10Y CAGR-0.4pp

Buckle Inc's operating margin was 20.1% in fiscal year 2026, reflecting core business profitability. This is up 0.3 percentage points from the prior year.

Net Margin
16.2%
YoY+0.1pp
5Y CAGR+1.7pp
10Y CAGR+3.0pp

Buckle Inc's net profit margin was 16.2% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.

Return on Equity
45.7%
YoY+1.8pp
5Y CAGR+16.1pp
10Y CAGR+11.1pp

Buckle Inc's ROE was 45.7% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 1.8 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$45.4M
YoY+7.3%
5Y CAGR+42.7%
10Y CAGR+2.8%

Buckle Inc invested $45.4M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 7.3% from the prior year.

BKE Income Statement

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Revenue $288.7M-10.0% $320.8M+4.9% $305.7M+12.4% $272.1M-26.4% $369.6M+25.9% $293.6M+4.0% $282.4M+7.6% $262.5M
Cost of Revenue $155.3M-7.0% $166.9M+3.9% $160.7M+10.7% $145.1M-17.7% $176.4M+14.9% $153.5M+2.5% $149.9M+5.7% $141.8M
Gross Profit $133.5M-13.3% $153.9M+6.1% $145.0M+14.2% $127.0M-34.3% $193.2M+37.9% $140.1M+5.7% $132.5M+9.8% $120.7M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $74.0M-20.4% $93.0M+4.9% $88.7M+6.3% $83.4M-15.0% $98.1M+14.7% $85.6M+1.6% $84.3M+7.6% $78.3M
Operating Income $59.5M-2.4% $60.9M+8.1% $56.3M+29.4% $43.5M-54.2% $95.1M+74.5% $54.5M+12.9% $48.3M+13.8% $42.4M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $15.2M-3.7% $15.8M+8.2% $14.6M+27.9% $11.4M-52.1% $23.8M+66.2% $14.3M+12.5% $12.7M+12.7% $11.3M
Net Income $46.9M-3.7% $48.7M+8.2% $45.0M+27.9% $35.2M-54.2% $76.8M+74.0% $44.2M+12.5% $39.3M+12.7% $34.8M
EPS (Diluted) $0.92-4.2% $0.96+7.9% $0.89+27.1% $0.70 N/A $0.88+12.8% $0.78+13.0% $0.69

BKE Balance Sheet

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Total Assets $1.0B-2.7% $1.1B+4.8% $1.0B+5.2% $977.3M+7.0% $913.2M-6.5% $976.3M+3.8% $940.3M+3.8% $906.1M
Current Assets $471.0M-12.6% $539.1M+9.3% $493.3M+8.3% $455.6M+3.7% $439.2M-13.0% $504.9M+7.6% $469.2M+5.0% $446.8M
Cash & Equivalents $266.2M-15.8% $316.2M+6.2% $297.8M+10.8% $268.9M+0.7% $266.9M-11.6% $302.0M+5.1% $287.3M+7.4% $267.4M
Inventory $150.2M-9.4% $165.8M+16.3% $142.5M+7.6% $132.4M+9.6% $120.8M-19.1% $149.4M+13.6% $131.4M+0.6% $130.7M
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 $589.9M+3.9% $567.6M+2.7% $552.5M+3.8% $532.1M+8.7% $489.4M+0.3% $487.9M+1.3% $481.6M+2.0% $472.3M
Current Liabilities $230.7M-5.6% $244.4M+6.5% $229.6M+5.4% $217.7M+1.8% $213.9M+0.5% $212.8M+3.2% $206.2M+0.5% $205.3M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $458.9M-10.2% $510.7M+7.3% $476.2M+6.9% $445.3M+5.1% $423.8M-13.2% $488.4M+6.5% $458.6M+5.7% $433.8M
Retained Earnings $231.0M-21.1% $292.7M+11.8% $261.9M+11.5% $234.8M+7.9% $217.5M-23.7% $285.0M+10.2% $258.6M+9.1% $237.1M

BKE Cash Flow Statement

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Operating Cash Flow $49.3M-0.3% $49.4M-15.4% $58.4M+88.6% $31.0M-74.4% $120.8M+176.0% $43.8M-8.1% $47.6M+59.3% $29.9M
Capital Expenditures $14.7M+32.6% $11.1M-8.1% $12.0M+5.6% $11.4M+16.1% $9.8M-3.3% $10.2M-11.5% $11.5M+5.9% $10.8M
Free Cash Flow $34.7M-9.7% $38.4M-17.3% $46.4M+137.1% $19.6M-82.4% $111.0M+230.2% $33.6M-7.0% $36.1M+89.6% $19.1M
Investing Cash Flow -$14.6M-10.5% -$13.2M-13.8% -$11.6M-4.4% -$11.1M-0.2% -$11.1M+1.7% -$11.3M-13.0% -$10.0M+22.5% -$12.9M
Financing Cash Flow -$18.0M-0.7% -$17.9M0.0% -$17.9M0.0% -$17.9M+87.6% -$144.7M-714.3% -$17.8M0.0% -$17.8M0.0% -$17.8M
Dividends Paid $18.0M+0.7% $17.9M0.0% $17.9M0.0% $17.9M-87.6% $144.7M+714.3% $17.8M0.0% $17.8M0.0% $17.8M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

BKE Financial Ratios

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Gross Margin 46.2%-1.7pp 48.0%+0.5pp 47.4%+0.8pp 46.7%-5.6pp 52.3%+4.6pp 47.7%+0.8pp 46.9%+1.0pp 46.0%
Operating Margin 20.6%+1.6pp 19.0%+0.6pp 18.4%+2.4pp 16.0%-9.7pp 25.7%+7.2pp 18.6%+1.5pp 17.1%+0.9pp 16.2%
Net Margin 16.2%+1.1pp 15.2%+0.5pp 14.7%+1.8pp 12.9%-7.9pp 20.8%+5.8pp 15.0%+1.1pp 13.9%+0.6pp 13.3%
Return on Equity 10.2%+0.7pp 9.5%+0.1pp 9.4%+1.6pp 7.9%-10.2pp 18.1%+9.1pp 9.0%+0.5pp 8.6%+0.5pp 8.0%
Return on Assets 4.5%-0.1pp 4.5%+0.1pp 4.4%+0.8pp 3.6%-4.8pp 8.4%+3.9pp 4.5%+0.3pp 4.2%+0.3pp 3.9%
Current Ratio 2.04-0.2 2.21+0.1 2.15+0.1 2.09+0.0 2.05-0.3 2.37+0.1 2.28+0.1 2.18
Debt-to-Equity 1.29+0.2 1.11-0.0 1.16-0.0 1.19+0.0 1.15+0.2 1.00-0.1 1.05-0.0 1.09
FCF Margin 12.0%+0.0pp 12.0%-3.2pp 15.2%+8.0pp 7.2%-22.8pp 30.0%+18.6pp 11.4%-1.4pp 12.8%+5.5pp 7.3%

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Frequently Asked Questions

Buckle Inc (BKE) reported $1.3B in total revenue for fiscal year 2026. This represents a 6.6% 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.

Buckle Inc (BKE) revenue grew by 6.6% year-over-year, from $1.2B to $1.3B in fiscal year 2026.

Yes, Buckle Inc (BKE) reported a net income of $209.7M in fiscal year 2026, with a net profit margin of 16.2%.

Buckle Inc (BKE) reported diluted earnings per share of $4.14 for fiscal year 2026. This represents a 6.4% 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.

Buckle Inc (BKE) had EBITDA of $286.9M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Buckle Inc (BKE) had a gross margin of 49.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Buckle Inc (BKE) had an operating margin of 20.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Buckle Inc (BKE) had a net profit margin of 16.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Yes, Buckle Inc (BKE) paid $4.40 per share in dividends during fiscal year 2026.

Buckle Inc (BKE) has a return on equity of 45.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Buckle Inc (BKE) generated $205.8M in free cash flow during fiscal year 2026. This represents a 3.0% 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.

Buckle Inc (BKE) generated $251.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Buckle Inc (BKE) had $1.0B in total assets as of fiscal year 2026, including both current and long-term assets.

Buckle Inc (BKE) invested $45.4M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Buckle Inc (BKE) had 52M shares outstanding as of fiscal year 2026.

Buckle Inc (BKE) had a current ratio of 2.04 as of fiscal year 2026, which is generally considered healthy.

Buckle Inc (BKE) had a debt-to-equity ratio of 1.29 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Buckle Inc (BKE) had a return on assets of 20.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Buckle Inc (BKE) has an Altman Z-Score of 4.91, 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.

Buckle Inc (BKE) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Buckle Inc (BKE) has an earnings quality ratio of 1.20x, 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.

Buckle Inc (BKE) scores 66 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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