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The Buckle, Inc. (BKE) Financials

BKE
FY2025 annual
Revenue $1.3B +6.6% YoY
Net Income $209.7M +7.3% YoY
EPS (Diluted) $4.14 +6.4% YoY
Free Cash Flow $205.8M +3.0% YoY
Market Cap $2.4B as of Oct 17, 2026
Price / Sales 1.8x on $1.3B revenue, FY2025
Price / Earnings 11.4x on $209.7M net income, FY2025
Price / Book 4.9x on $489.0M equity, Q3 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2027, ended Aug 1, 2026 Reported Currency USD FYE January

Newest figures come from the 10-Q for Q3 FY2027, filed Sep 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BKE SEC filings page.

The Buckle, Inc. (BKE) reported $1.3B in revenue for fiscal year 2025, up 6.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 FY2025

The business remains highly profitable and cash-generative, but rising distributions and reinvestment are increasingly absorbing internally generated cash.

In FY2025, operating cash flow of $251M exceeded net income of $210M, showing that reported profit converted into cash rather than relying on accruals. But free cash flow was $206M against dividends of $225M, meaning reinvestment and distributions together exceeded the cash left after operations.

Revenue recovered to $1.3B in FY2025, while operating margin reached 20.1%. That is a modest recovery from FY2024, but still below FY2021's 25.9%, so the rebound has not restored earlier operating leverage.

By FY2025, total liabilities reached $566.6M while equity stood at $424.6M, creating a balance-sheet mix with more obligations relative to owners' capital. Reported debt-to-equity was 1.3x; the current ratio fell to 1.9x from 2.1x, indicating reduced short-term cushion.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 65 / 100
Financial Health Score 65/100

Scored against operating companies for FY2025. 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 The 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
87

The 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 87/100, reflecting efficient cost management and pricing power. This is up from 19.8% the prior year.

Growth
35

The Buckle, Inc.'s revenue grew 6.6% year-over-year to $1.3B, a solid pace of expansion. This earns a growth score of 35/100.

Leverage
41

The Buckle, Inc. has a moderate D/E ratio of 1.33. This balance of debt and equity financing earns a leverage score of 41/100.

Liquidity
56

The Buckle, Inc.'s current ratio of 1.89 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
80

The Buckle, Inc. converts 15.9% of revenue into free cash flow ($205.8M). This strong cash generation earns a score of 80/100.

Returns
90

The Buckle, Inc. earns a strong 49.4% return on equity (ROE), meaning it generates $49 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 90/100. This is up from 46.1% the prior year.

Altman Z-Score Safe
5.26

The Buckle, Inc. scores 5.26, 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

The 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, The 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
$319.8M
YoY+4.6%
QoQ+10.8%
5Y CAGR+0.1%
10Y CAGR+1.3%

The Buckle, Inc. generated $319.8M in revenue in Q3 2027. This represents an increase of 4.6% from the same quarter a year earlier. Against the prior quarter it is up 10.8%.

EBITDA
$62.8M
YoY+0.5%
QoQ-4.8%

The Buckle, Inc.'s EBITDA was $62.8M in Q3 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is down 4.8%.

Net Income
$44.4M
YoY-1.3%
QoQ-5.3%
5Y CAGR-7.5%
10Y CAGR+2.2%

The Buckle, Inc. reported $44.4M in net income in Q3 2027. This represents a decrease of 1.3% from the same quarter a year earlier. Against the prior quarter it is down 5.3%.

EPS (Diluted)
$0.87
YoY-2.2%
QoQ-5.4%
5Y CAGR-8.1%
10Y CAGR+1.6%

The Buckle, Inc. earned $0.87 per diluted share (EPS) in Q3 2027. This represents a decrease of 2.2% from the same quarter a year earlier. Against the prior quarter it is down 5.4%.

Cash & Balance Sheet

Free Cash Flow
$16.9M
YoY-63.7%
QoQ-51.3%
5Y CAGR-29.7%
10Y CAGR+2.7%

The Buckle, Inc. generated $16.9M in free cash flow in Q3 2027, representing cash available after capex. This represents a decrease of 63.7% from the same quarter a year earlier. Against the prior quarter it is down 51.3%.

Cash & Debt
$264.8M
YoY-11.1%
QoQ-0.5%
5Y CAGR-3.6%
10Y CAGR+8.1%

The Buckle, Inc. held $264.8M in cash as of Q3 2027; long-term debt is not reported for that period.

Dividends Per Share
$0.35
YoY0.0%
QoQ0.0%
5Y CAGR-31.4%

The Buckle, Inc. paid $0.35 per share in dividends in Q3 2027. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
52M
YoY+0.7%
QoQ0.0%
5Y CAGR+0.7%
10Y CAGR+0.6%

The Buckle, Inc. had 52M shares outstanding in Q3 2027. This represents an increase of 0.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin
47.9%
YoY+0.4pp
QoQ+1.6pp
5Y change-3.4pp
10Y change+6.0pp

The Buckle, Inc.'s gross margin was 47.9% in Q3 2027, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.

Operating Margin
17.4%
YoY-1.0pp
QoQ-3.1pp

The Buckle, Inc.'s operating margin was 17.4% in Q3 2027, reflecting core business profitability. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.1 percentage points.

Net Margin
13.9%
YoY-0.8pp
QoQ-2.3pp
5Y change-6.7pp
10Y change+1.1pp

The Buckle, Inc.'s net profit margin was 13.9% in Q3 2027, showing the share of revenue converted to profit. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.3 percentage points.

Return on Equity
9.1%
YoY-0.4pp
QoQ-1.1pp
5Y change-7.5pp
10Y change+0.5pp

The Buckle, Inc.'s ROE was 9.1% in Q3 2027, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.1 percentage points.

Capital Allocation

Capital Expenditures
$29.9M
YoY+148.1%
QoQ+103.6%
5Y CAGR+57.3%
10Y CAGR+11.7%

The Buckle, Inc. invested $29.9M in capex in Q3 2027, funding long-term assets and infrastructure. This represents an increase of 148.1% from the same quarter a year earlier. Against the prior quarter it is up 103.6%.

R&D Spending

Not reported for Q3 2027.

Share Buybacks

Not reported for Q3 2027.

BKE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BKE quarterly income statement
MetricQ3'2710-QQ2'2710-QQ4'2610-QQ3'2610-QQ2'2610-QQ1'2610-KQ4'2510-QQ3'2510-Q
Revenue$319.8M+4.6%$288.7M+6.1%$320.8M+9.3%$305.7M+8.3%$272.1M+3.7%$369.6M-8.2%$293.6M$282.4M-6.9%
Cost of Revenue$166.8M+3.8%$155.3M+7.0%$166.9M+8.7%$160.7M+7.3%$145.1M+2.4%$176.4M-7.2%$153.5M$149.9M-4.1%
Gross Profit$153.0M+5.5%$133.5M+5.1%$153.9M+9.9%$145.0M+9.4%$127.0M+5.2%$193.2M-9.2%$140.1M$132.5M-10.0%
SG&A Expenses$97.2M+9.6%$74.0M-11.3%$93.0M+8.7%$88.7M+5.2%$83.4M+6.6%$98.1M-6.5%$85.6M$84.3M+1.4%
Operating Income$55.8M-1.0%$59.5M+36.5%$60.9M+11.8%$56.3M+16.7%$43.5M+2.7%$95.1M-11.8%$54.5M$48.3M-24.7%
EBITDA$62.8M+0.5%$65.9M+33.4%$67.1M+11.8%$62.5M+15.8%$49.4M+3.3%$101.0M-10.8%$60.0M$53.9M-21.9%
Income Tax$14.4M-1.3%$15.2M+33.2%$15.8M+10.2%$14.6M+14.7%$11.4M+1.0%$23.8M-9.7%$14.3M$12.7M-24.1%
Net Income$44.4M-1.3%$46.9M+33.2%$48.7M+10.3%$45.0M+14.7%$35.2M+1.0%$76.8M-12.3%$44.2M$39.3M-24.2%
EPS (Basic)$0.88-2.2%$0.93+32.9%$0.97+9.0%$0.90+13.9%$0.700.0%$1.55-3.7%$0.89$0.79-24.8%
EPS (Diluted)$0.87-2.2%$0.92+31.4%$0.96+9.1%$0.89+14.1%$0.70+1.4%$1.54-3.1%$0.88$0.78-25.0%
Diluted Shares (Avg)51M+0.8%51M+0.9%51M+0.8%51M+0.8%51M+0.7%N/A50M50M+0.6%

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

BKE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BKE quarterly balance sheet
MetricQ3'2710-QQ2'2710-QQ4'2610-QQ3'2610-QQ2'2610-QQ1'2610-KQ4'2510-QQ3'2510-Q
Total Assets$1.1B+6.4%$1.0B+7.3%$1.1B+10.5%$1.0B+9.4%$977.3M+7.9%$913.2M+2.6%$976.3M$940.3M+2.1%
Current Assets$482.2M-2.2%$471.0M+3.4%$539.1M+6.8%$493.3M+5.1%$455.6M+2.0%$439.2M-1.1%$504.9M$469.2M-7.8%
Cash & Equivalents$264.8M-11.1%$266.2M-1.0%$316.2M+4.7%$297.8M+3.7%$268.9M+0.5%$266.9M-0.5%$302.0M$287.3M-7.8%
Short-Term Investments$22.4M+1.3%$23.8M+4.1%$24.0M+2.2%$22.1M+1.2%$22.9M-0.7%$23.8M+7.2%$23.5M$21.9M-6.8%
Inventory$161.4M+13.3%$150.2M+13.4%$165.8M+11.0%$142.5M+8.4%$132.4M+1.3%$120.8M-4.4%$149.4M$131.4M-13.7%
Long-Term Investments$35.7M+20.6%$33.8M+19.6%$31.2M+14.3%$29.6M+9.8%$28.3M+5.6%$28.1M+12.5%$27.3M$27.0M+19.9%
Total Liabilities$605.8M+9.6%$589.9M+10.9%$567.6M+16.3%$552.5M+14.7%$532.1M+12.7%$489.4M+2.7%$487.9M$481.6M+7.7%
Current Liabilities$231.5M+0.8%$230.7M+6.0%$244.4M+14.9%$229.6M+11.3%$217.7M+6.1%$213.9M-3.4%$212.8M$206.2M-4.6%
Non-Current Liabilities$374.3M+15.9%$359.2M+14.3%$323.2M+17.5%$322.9M+17.3%$314.3M+17.7%$275.4M+8.0%$275.1M$275.4M+19.2%
Total Equity$489.0M+2.7%$458.9M+3.1%$510.7M+4.6%$476.2M+3.8%$445.3M+2.6%$423.8M+2.6%$488.4M$458.6M-3.2%
Retained Earnings$257.4M-1.7%$231.0M-1.6%$292.7M+2.7%$261.9M+1.3%$234.8M-1.0%$217.5M-1.2%$285.0M$258.6M-9.0%

Not reported in any period shown, so not listed: Accounts Receivable, Goodwill, Long-Term Debt.

BKE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BKE quarterly cash flow statement
MetricQ3'2710-QQ2'2710-QQ4'2610-QQ3'2610-QQ2'2610-QQ1'2610-KQ4'2510-QQ3'2510-Q
Operating Cash Flow$46.7M-20.1%$49.3M+59.2%$49.4M+13.0%$58.4M+22.8%$31.0M+3.7%$120.8M+10.5%$43.8M$47.6M-25.4%
Depreciation & Amortization$7.0M+13.8%$6.5M+10.3%$6.2M+12.2%$6.1M+8.2%$5.9M+8.1%$6.4M+7.0%$5.5M$5.7M+14.6%
Capital Expenditures$29.9M+148.1%$14.7M+28.6%$11.1M+8.9%$12.0M+4.9%$11.4M+5.3%$9.8M+5.7%$10.2M$11.5M+13.4%
Free Cash Flow$16.9M-63.7%$34.7M+77.1%$38.4M+14.2%$46.4M+28.4%$19.6M+2.7%$111.0M+10.9%$33.6M$36.1M-32.7%
Investing Cash Flow-$30.1M-159.1%-$14.6M-31.2%-$13.2M-16.9%-$11.6M-16.1%-$11.1M+13.8%-$11.1M-23.6%-$11.3M-$10.0M+1.1%
Financing Cash Flow-$18.0M-0.7%-$18.0M-0.7%-$17.9M-0.7%-$17.9M-0.8%-$17.9M-0.7%-$144.7M-0.7%-$17.8M-$17.8M-0.6%
Dividends Paid$18.0M+0.7%$18.0M+0.7%$17.9M+0.7%$17.9M+0.8%$17.9M+0.7%$144.7M+0.7%$17.8M$17.8M+0.6%

Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.

BKE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BKE quarterly financial ratios
MetricQ3'2710-QQ2'2710-QQ4'2610-QQ3'2610-QQ2'2610-QQ1'2610-KQ4'2510-QQ3'2510-Q
Gross Margin47.9%+0.4pp46.2%-0.4pp48.0%+0.3pp47.4%+0.5pp46.7%+0.7pp52.3%-0.5pp47.7%46.9%-1.6pp
Operating Margin17.4%-1.0pp20.6%+4.6pp19.0%+0.4pp18.4%+1.3pp16.0%-0.2pp25.7%-1.1pp18.6%17.1%-4.0pp
Net Margin13.9%-0.8pp16.2%+3.3pp15.2%+0.1pp14.7%+0.8pp12.9%-0.3pp20.8%-1.0pp15.0%13.9%-3.2pp
Return on Equity9.1%-0.4pp10.2%+2.3pp9.5%+0.5pp9.4%+0.9pp7.9%-0.1pp18.1%-3.1pp9.0%8.6%-2.4pp
Return on Assets4.1%-0.3pp4.5%+0.9pp4.5%0.0pp4.4%+0.2pp3.6%-0.3pp8.4%-1.4pp4.5%4.2%-1.4pp
Current Ratio2.08-0.1x2.04-0.1x2.21-0.2x2.15-0.1x2.09-0.1x2.050.0x2.372.28-0.1x
Debt-to-Equity1.24+0.1x1.29+0.1x1.11+0.1x1.16+0.1x1.19+0.1x1.150.0x1.001.05+0.1x
Asset Turnover0.290.0x0.280.0x0.300.0x0.300.0x0.280.0x0.400.0x0.300.300.0x
FCF Margin5.3%-9.9pp12.0%+4.8pp12.0%+0.5pp15.2%+2.4pp7.2%-0.1pp30.0%+5.2pp11.4%12.8%-4.9pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
The Buckle, Inc. BKE FY2025 $1.3B $209.7M 16.2% $2.4B 65/100
American Eagle Outfitters AEO FY2025 $5.5B $186.0M 3.4% $3.0B 56/100
Abercrombie & Fitch Co. ANF FY2025 $5.3B $506.9M 9.6% $6.5B 60/100
Victorias Secret & Co. VSCO FY2026 $6.6B $161.0M 2.5% $4.3B 43/100
Foot Locker, Inc. FL FY2024 $8.0B $12.0M 0.1% $2.3B 45/100
Boot Barn Holdings, Inc. BOOT FY2026 $2.3B $225.9M 10.0% $3.7B 66/100

Frequently Asked Questions

What is The Buckle, Inc.'s annual revenue?

The Buckle, Inc. (BKE) reported $1.3B in total revenue for fiscal year 2025. 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.

How fast is The Buckle, Inc.'s revenue growing?

The Buckle, Inc. (BKE) revenue grew by 6.6% year-over-year, from $1.2B to $1.3B in fiscal year 2025.

Is The Buckle, Inc. profitable?

Yes, The Buckle, Inc. (BKE) reported a net income of $209.7M in fiscal year 2025, with a net profit margin of 16.2%.

The Buckle, Inc. (BKE) reported diluted earnings per share of $4.14 for fiscal year 2025. 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.

The Buckle, Inc. (BKE) had EBITDA of $286.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

The Buckle, Inc. (BKE) had a gross margin of 49.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

The Buckle, Inc. (BKE) had an operating margin of 20.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

The Buckle, Inc. (BKE) had a net profit margin of 16.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, The Buckle, Inc. (BKE) paid $4.40 per share in dividends during fiscal year 2025.

The Buckle, Inc. (BKE) has a return on equity of 49.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

The Buckle, Inc. (BKE) generated $205.8M in free cash flow during fiscal year 2025. 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.

The Buckle, Inc. (BKE) generated $251.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

The Buckle, Inc. (BKE) had $991.3M in total assets as of fiscal year 2025, including both current and long-term assets.

The Buckle, Inc. (BKE) invested $45.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

The Buckle, Inc. (BKE) had 52M shares outstanding as of fiscal year 2025.

The Buckle, Inc. (BKE) had a current ratio of 1.89 as of fiscal year 2025, which is generally considered healthy.

The Buckle, Inc. (BKE) had a debt-to-equity ratio of 1.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

The Buckle, Inc. (BKE) had a return on assets of 21.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

The Buckle, Inc. (BKE) trades at 11.4x earnings, its market capitalization divided by net income of $209.7M net income, FY2025. The market capitalization is $2.4B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

The Buckle, Inc. (BKE) trades at 1.8x sales, its market capitalization divided by revenue of $1.3B revenue, FY2025. The market capitalization is $2.4B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

The Buckle, Inc. (BKE) has an Altman Z-Score of 5.26, 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.

The 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.

The 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.

The Buckle, Inc. (BKE) scores 65 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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