Boot Barn Hldgs Inc Financials
Boot Barn Hldgs Inc (BOOT) reported $2.3B in revenue over the twelve months to Jun 27, 2026, up 17.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).
Boot Barn’s dominant mechanic is scale-led operating leverage: faster sales growth is widening margins and restoring cash after heavy reinvestment.
The key shift is earnings quality: FY2026 operating cash flow reached$305M while free cash flow recovered to$126M after being negative in FY2025, indicating profit growth was not absorbed entirely by inventory and capital spending. That conversion matters because the business is expanding its physical operating base while still producing cash after reinvestment.
Operating margin widened from
Inventory grew more slowly than sales, while the current ratio reached 2.6x, so the larger merchandise base did not create equivalent pressure on near-term liquidity. Capital expenditures reached
Financial Health Signals
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 Boot Barn Hldgs 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.
Boot Barn Hldgs Inc has an operating margin of 13.3%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is up from 12.5% the prior year.
Boot Barn Hldgs Inc's revenue surged 17.9% year-over-year to $2.3B, reflecting rapid business expansion. This strong growth earns a score of 77/100.
Boot Barn Hldgs Inc has a moderate D/E ratio of 0.86. This balance of debt and equity financing earns a leverage score of 49/100.
With a current ratio of 2.65, Boot Barn Hldgs Inc holds $2.65 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.
Boot Barn Hldgs Inc has a free cash flow margin of 5.6%, earning a moderate score of 44/100. The company generates positive cash flow after capital investments, but with room for improvement.
Boot Barn Hldgs Inc earns a strong 17.1% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 77/100. This is up from 16.0% the prior year.
Boot Barn Hldgs Inc scores 4.78, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.7B) relative to total liabilities ($1.1B). 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.
Boot Barn Hldgs Inc passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Boot Barn Hldgs Inc generates $1.35 in operating cash flow ($304.9M OCF vs $225.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Boot Barn Hldgs Inc generated $2.3B in revenue in fiscal year 2026. This represents an increase of 17.9% from the prior year.
Boot Barn Hldgs Inc's EBITDA was $378.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.1% from the prior year.
Boot Barn Hldgs Inc reported $225.9M in net income in fiscal year 2026. This represents an increase of 24.8% from the prior year.
Boot Barn Hldgs Inc earned $7.35 per diluted share (EPS) in fiscal year 2026. This represents an increase of 25.0% from the prior year.
Cash & Balance Sheet
Boot Barn Hldgs Inc generated $126.3M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 16878.5% from the prior year.
Boot Barn Hldgs Inc held $141.0M in cash as of fiscal year 2026; long-term debt is not reported for that period.
Not reported for fiscal year 2026.
Margins & Returns
Boot Barn Hldgs Inc's gross margin was 38.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Boot Barn Hldgs Inc's operating margin was 13.3% in fiscal year 2026, reflecting core business profitability. This is up 0.8 percentage points from the prior year.
Boot Barn Hldgs Inc's net profit margin was 10.0% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.
Boot Barn Hldgs Inc's ROE was 17.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.
Capital Allocation
Boot Barn Hldgs Inc spent $50.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.
Boot Barn Hldgs Inc invested $178.6M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 20.4% from the prior year.
Not reported for fiscal year 2026.
BOOT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $593.5M+10.2% | $538.8M-23.7% | $705.6M+39.6% | $505.4M+0.3% | $504.1M+11.1% | $453.7M-25.4% | $608.2M+42.8% | $425.8M |
| Cost of Revenue | $353.6M+3.1% | $343.0M-19.2% | $424.4M+32.1% | $321.2M+4.7% | $306.8M+7.6% | $285.2M-22.8% | $369.3M+35.3% | $272.9M |
| Gross Profit | $239.9M+22.6% | $195.7M-30.4% | $281.2M+52.7% | $184.1M-6.6% | $197.2M+17.0% | $168.6M-29.4% | $238.9M+56.3% | $152.9M |
| SG&A Expenses | $149.4M+7.8% | $138.5M-16.8% | $166.5M+30.3% | $127.7M+1.0% | $126.5M+6.4% | $118.9M-14.7% | $139.4M+23.5% | $112.9M |
| Operating Income | $90.5M+58.2% | $57.2M-50.1% | $114.8M+103.4% | $56.4M-20.2% | $70.7M+42.3% | $49.7M-50.0% | $99.5M+148.8% | $40.0M |
| Income Tax | $22.3M+69.1% | $13.2M-54.4% | $28.9M+96.8% | $14.7M-17.8% | $17.9M+44.1% | $12.4M-48.5% | $24.1M+116.7% | $11.1M |
| Net Income | $70.1M+57.8% | $44.4M-48.2% | $85.8M+103.2% | $42.2M-20.9% | $53.4M+42.3% | $37.5M-50.0% | $75.1M+155.1% | $29.4M |
| EPS (Diluted) | $2.29+57.9% | $1.45-48.0% | $2.79+103.6% | $1.37-21.3% | $1.74+40.3% | $1.24-49.0% | $2.43+155.8% | $0.95 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
BOOT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B+4.9% | $2.5B+2.2% | $2.4B+6.3% | $2.3B+7.8% | $2.1B+3.8% | $2.0B+0.2% | $2.0B+7.8% | $1.9B |
| Current Assets | $1.1B+5.7% | $1.0B-2.2% | $1.1B+9.3% | $967.3M+6.4% | $908.7M+5.2% | $864.0M-3.9% | $899.4M+11.4% | $807.1M |
| Cash & Equivalents | $139.3M-1.3% | $141.0M-29.5% | $200.1M+209.1% | $64.7M-32.1% | $95.3M+36.6% | $69.8M-54.4% | $152.9M+309.1% | $37.4M |
| Inventory | $900.0M+6.6% | $844.6M+4.9% | $805.5M-5.8% | $855.1M+10.5% | $774.1M+3.6% | $747.2M+8.2% | $690.3M-3.2% | $713.0M |
| Accounts Receivable | $29.4M+92.5% | $15.3M+7.4% | $14.2M+40.7% | $10.1M+18.4% | $8.5M-16.9% | $10.3M+0.2% | $10.2M+29.8% | $7.9M |
| Goodwill | $197.5M0.0% | $197.5M0.0% | $197.5M0.0% | $197.5M0.0% | $197.5M0.0% | $197.5M0.0% | $197.5M0.0% | $197.5M |
| Total Liabilities | $1.2B+7.0% | $1.1B+1.4% | $1.1B+6.1% | $1.1B+14.0% | $922.4M+4.0% | $887.0M-3.8% | $922.4M+8.5% | $850.1M |
| Current Liabilities | $432.3M+10.6% | $391.0M-11.4% | $441.4M+7.0% | $412.4M+15.0% | $358.7M+1.5% | $353.3M-13.6% | $409.1M+14.1% | $358.4M |
| Total Equity | $1.4B+3.0% | $1.3B+2.8% | $1.3B+6.5% | $1.2B+2.9% | $1.2B+3.6% | $1.1B+3.7% | $1.1B+7.3% | $1.0B |
| Retained Earnings | $1.2B+6.2% | $1.1B+4.1% | $1.1B+8.6% | $999.6M+4.4% | $957.4M+5.9% | $904.0M+4.3% | $866.4M+9.5% | $791.4M |
Not reported in any period shown, so not listed: Long-Term Debt.
BOOT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $83.8M+2014.2% | -$4.4M-102.1% | $209.7M+714.8% | $25.7M-65.2% | $73.8M+271.2% | -$43.1M-127.5% | $157.1M+2122.7% | -$7.8M |
| Capital Expenditures | $51.1M+21.2% | $42.1M-31.7% | $61.7M+42.8% | $43.2M+37.4% | $31.5M-21.2% | $39.9M-7.0% | $43.0M+12.1% | $38.3M |
| Free Cash Flow | $32.8M+170.4% | -$46.5M-131.4% | $148.0M+945.8% | -$17.5M-141.3% | $42.4M+151.0% | -$83.1M-172.8% | $114.2M+347.7% | -$46.1M |
| Investing Cash Flow | -$51.1M-21.3% | -$42.1M+31.7% | -$61.7M-41.8% | -$43.5M-38.3% | -$31.5M+21.2% | -$39.9M+6.9% | -$42.9M-11.9% | -$38.3M |
| Financing Cash Flow | -$34.5M-175.5% | -$12.5M+0.9% | -$12.7M+1.2% | -$12.8M+23.9% | -$16.8M-25806.2% | -$65K-105.0% | $1.3M+1249.0% | $96K |
| Share Buybacks | $25.0M+100.0% | $12.5M0.0% | $12.5M0.0% | $12.5M0.0% | $12.5M | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
BOOT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.4%+4.1pp | 36.3%-3.5pp | 39.9%+3.4pp | 36.4%-2.7pp | 39.1%+2.0pp | 37.1%-2.1pp | 39.3%+3.4pp | 35.9% |
| Operating Margin | 15.3%+4.6pp | 10.6%-5.7pp | 16.3%+5.1pp | 11.2%-2.9pp | 14.0%+3.1pp | 10.9%-5.4pp | 16.4%+7.0pp | 9.4% |
| Net Margin | 11.8%+3.6pp | 8.3%-3.9pp | 12.2%+3.8pp | 8.3%-2.2pp | 10.6%+2.3pp | 8.3%-4.1pp | 12.3%+5.4pp | 6.9% |
| Return on Equity | 5.2%+1.8pp | 3.4%-3.3pp | 6.7%+3.2pp | 3.5%-1.1pp | 4.6%+1.2pp | 3.3%-3.6pp | 6.9%+4.0pp | 2.9% |
| Return on Assets | 2.7%+0.9pp | 1.8%-1.8pp | 3.6%+1.7pp | 1.9%-0.7pp | 2.5%+0.7pp | 1.9%-1.9pp | 3.7%+2.1pp | 1.6% |
| Current Ratio | 2.53-0.1x | 2.65+0.2x | 2.40+0.1x | 2.35-0.2x | 2.53+0.1x | 2.45+0.2x | 2.20-0.1x | 2.25 |
| Debt-to-Equity | 0.890.0x | 0.860.0x | 0.870.0x | 0.87+0.1x | 0.790.0x | 0.78-0.1x | 0.850.0x | 0.84 |
| FCF Margin | 5.5%+14.2pp | -8.6%-29.6pp | 21.0%+24.4pp | -3.5%-11.9pp | 8.4%+26.7pp | -18.3%-37.1pp | 18.8%+29.6pp | -10.8% |
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Where Boot Barn Hldgs Inc Ranks
Frequently Asked Questions
What is Boot Barn Hldgs Inc's annual revenue?
Boot Barn Hldgs Inc (BOOT) reported $2.3B in total revenue for fiscal year 2026. This represents a 17.9% 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 Boot Barn Hldgs Inc's revenue growing?
Boot Barn Hldgs Inc (BOOT) revenue grew by 17.9% year-over-year, from $1.9B to $2.3B in fiscal year 2026.
Is Boot Barn Hldgs Inc profitable?
Yes, Boot Barn Hldgs Inc (BOOT) reported a net income of $225.9M in fiscal year 2026, with a net profit margin of 10.0%.
What is Boot Barn Hldgs Inc's EBITDA?
Boot Barn Hldgs Inc (BOOT) had EBITDA of $378.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Boot Barn Hldgs Inc's gross margin?
Boot Barn Hldgs Inc (BOOT) had a gross margin of 38.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Boot Barn Hldgs Inc's operating margin?
Boot Barn Hldgs Inc (BOOT) had an operating margin of 13.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Boot Barn Hldgs Inc's net profit margin?
Boot Barn Hldgs Inc (BOOT) had a net profit margin of 10.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Boot Barn Hldgs Inc's return on equity (ROE)?
Boot Barn Hldgs Inc (BOOT) has a return on equity of 17.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Boot Barn Hldgs Inc's free cash flow?
Boot Barn Hldgs Inc (BOOT) generated $126.3M in free cash flow during fiscal year 2026. This represents a 16878.5% 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 Boot Barn Hldgs Inc's operating cash flow?
Boot Barn Hldgs Inc (BOOT) generated $304.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Boot Barn Hldgs Inc's total assets?
Boot Barn Hldgs Inc (BOOT) had $2.5B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Boot Barn Hldgs Inc's capital expenditures?
Boot Barn Hldgs Inc (BOOT) invested $178.6M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Boot Barn Hldgs Inc's current ratio?
Boot Barn Hldgs Inc (BOOT) had a current ratio of 2.65 as of fiscal year 2026, which is generally considered healthy.
What is Boot Barn Hldgs Inc's debt-to-equity ratio?
Boot Barn Hldgs Inc (BOOT) had a debt-to-equity ratio of 0.86 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Boot Barn Hldgs Inc's return on assets (ROA)?
Boot Barn Hldgs Inc (BOOT) had a return on assets of 9.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Boot Barn Hldgs Inc's Altman Z-Score?
Boot Barn Hldgs Inc (BOOT) has an Altman Z-Score of 4.78, 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 Boot Barn Hldgs Inc's Piotroski F-Score?
Boot Barn Hldgs Inc (BOOT) has a Piotroski F-Score of 7 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.
Are Boot Barn Hldgs Inc's earnings high quality?
Boot Barn Hldgs Inc (BOOT) has an earnings quality ratio of 1.35x, 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 Boot Barn Hldgs Inc?
Boot Barn Hldgs Inc (BOOT) 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.