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Buckle Inc 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
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2027, ended May 2, 2026 Reported Currency USD FYE January

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 Buckle's dominant mechanic is a cash-generative retail model that funds large distributions through recurring operating cash flow.

FY2025 operating cash flow of $251M exceeded net income of $210M, showing earnings translated into cash rather than relying on non-cash accounting benefits. Free cash flow was $206M, so capital spending absorbed part of that cash before distributions.

Gross margin recovered to 49.0% in FY2025, but operating margin remained structurally below its FY2021 peak. The pattern suggests the improvement was not simply a merchandise-margin story: costs below gross profit still capture much of the economics.

The $225M financing outflow exceeded $206M of free cash flow in FY2025, indicating distributions ran ahead of cash left after capital spending. Despite positive earnings, equity was essentially flat at $425M while the current ratio was 1.9x, combining near-term balance-sheet flexibility with a payout-heavy capital policy.

[ 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 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
40

Buckle Inc has a moderate D/E ratio of 1.33. This balance of debt and equity financing earns a leverage score of 40/100.

Liquidity
55

Buckle Inc's current ratio of 1.89 indicates adequate short-term liquidity, earning a score of 55/100. 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 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
5.04

Buckle Inc scores 5.04, 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 2025. 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 2025, 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 2025. 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 2025. 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 2025, representing cash available after capex. This represents an increase of 3.0% from the prior year.

Cash & Debt
$249.5M
YoY-6.5%
5Y CAGR-4.8%
10Y CAGR+4.5%

Buckle Inc held $249.5M in cash as of fiscal year 2025; long-term debt is not reported for that period.

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 2025. 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 2025. 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 2025, 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 2025, 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 2025, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.

Return on Equity
49.4%
YoY+3.3pp
5Y CAGR+16.6pp
10Y CAGR+13.7pp

Buckle Inc's ROE was 49.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.3 percentage points from the prior year.

Capital Allocation

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 2025, funding long-term assets and infrastructure. This represents an increase of 7.3% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

BKE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BKE quarterly income statement
MetricQ2'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
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
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
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%$0.70-54.5%$1.54+75.0%$0.88+12.8%$0.78+13.0%$0.69

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.

BKE quarterly balance sheet
MetricQ2'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
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
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
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

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.

BKE quarterly cash flow statement
MetricQ2'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
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

Not reported in any period shown, so not listed: Share Buybacks.

BKE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

BKE quarterly financial ratios
MetricQ2'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
Gross Margin46.2%-1.7pp48.0%+0.5pp47.4%+0.8pp46.7%-5.6pp52.3%+4.6pp47.7%+0.8pp46.9%+1.0pp46.0%
Operating Margin20.6%+1.6pp19.0%+0.6pp18.4%+2.4pp16.0%-9.7pp25.7%+7.2pp18.6%+1.5pp17.1%+0.9pp16.2%
Net Margin16.2%+1.1pp15.2%+0.5pp14.7%+1.8pp12.9%-7.9pp20.8%+5.8pp15.0%+1.1pp13.9%+0.6pp13.3%
Return on Equity10.2%+0.7pp9.5%+0.1pp9.4%+1.6pp7.9%-10.2pp18.1%+9.1pp9.0%+0.5pp8.6%+0.5pp8.0%
Return on Assets4.5%-0.1pp4.5%+0.1pp4.4%+0.8pp3.6%-4.8pp8.4%+3.9pp4.5%+0.3pp4.2%+0.3pp3.9%
Current Ratio2.04-0.2x2.21+0.1x2.15+0.1x2.090.0x2.05-0.3x2.37+0.1x2.28+0.1x2.18
Debt-to-Equity1.29+0.2x1.110.0x1.160.0x1.190.0x1.15+0.2x1.00-0.1x1.050.0x1.09
FCF Margin12.0%0.0pp12.0%-3.2pp15.2%+8.0pp7.2%-22.8pp30.0%+18.6pp11.4%-1.4pp12.8%+5.5pp7.3%

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Frequently Asked Questions

What is Buckle Inc's annual revenue?

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 Buckle Inc's revenue growing?

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

Is Buckle Inc profitable?

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

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.

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

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.

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.

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

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.

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.

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

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

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

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

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

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.

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.

Buckle Inc (BKE) has an Altman Z-Score of 5.04, 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 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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