Boot Barn Hldgs Inc Financials
This page shows Boot Barn Hldgs Inc (BOOT) financial statements, including the 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).
Inventory-led expansion is lifting sales and margins, but cash is being consumed upfront before that growth becomes surplus cash.
FY2025 shows a profit-to-cash split: operating cash flow was$148M , yet free cash flow fell to-$753K . The key bridge is working capital and reinvestment — inventory climbed to$747M and capex stayed elevated, so higher earnings were largely tied up in merchandise and store spend rather than left over as cash.
This is a stocking business, not a lending business. Accounts receivable were only
The margin pattern points to healthy store-level economics rather than simple cost cutting. Gross margin improved to
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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 results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. 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 60/100.
Boot Barn Hldgs Inc carries a low D/E ratio of 0.86, meaning only $0.86 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
Boot Barn Hldgs Inc's current ratio of 2.65 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.
Boot Barn Hldgs Inc has a free cash flow margin of 5.6%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.
Boot Barn Hldgs Inc's ROE of 17.1% shows moderate profitability relative to equity, earning a score of 48/100. This is up from 16.0% the prior year.
Boot Barn Hldgs Inc scores 4.77, 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.
Boot Barn Hldgs Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 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.
Boot Barn Hldgs Inc earns $373.9 in operating income for every $1 of interest expense ($299.1M vs $800K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
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 against $0 in long-term debt as of fiscal year 2026.
Boot Barn Hldgs Inc had 30M shares outstanding in fiscal year 2026. This represents a decrease of 0.8% from the prior year.
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.
BOOT Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $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+0.6% | $423.4M |
| Cost of Revenue | $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+2.4% | $266.6M |
| Gross Profit | $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-2.5% | $156.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $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+6.0% | $106.5M |
| Operating Income | $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-20.4% | $50.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $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-3.8% | $11.6M |
| Net Income | $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-24.4% | $38.9M |
| EPS (Diluted) | N/A | $2.79+103.6% | $1.37-21.3% | $1.74 | N/A | $2.43+155.8% | $0.95-24.6% | $1.26 |
BOOT Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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+5.2% | $1.8B |
| Current Assets | $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+6.8% | $756.0M |
| Cash & Equivalents | $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-55.2% | $83.4M |
| Inventory | $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+13.7% | $627.1M |
| Accounts Receivable | $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-0.4% | $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 | $1.1B+1.4% | $1.1B+6.1% | $1.1B+14.0% | $922.4M+4.0% | $887.0M-3.8% | $922.4M+8.5% | $850.1M+7.3% | $792.6M |
| Current Liabilities | $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+10.9% | $323.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $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+3.5% | $981.8M |
| Retained Earnings | $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+3.9% | $761.9M |
BOOT Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$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-118.8% | $41.3M |
| Capital Expenditures | $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+41.6% | $27.1M |
| Free Cash Flow | -$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-423.7% | $14.2M |
| Investing Cash Flow | -$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-41.6% | -$27.1M |
| Financing Cash Flow | -$12.5M+0.9% | -$12.7M+1.2% | -$12.8M+23.9% | -$16.8M-25806.2% | -$65K-105.0% | $1.3M+1249.0% | $96K+101.4% | -$6.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $12.5M0.0% | $12.5M0.0% | $12.5M0.0% | $12.5M | N/A | N/A | N/A | N/A |
BOOT Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 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%-1.1pp | 37.0% |
| Operating Margin | 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%-2.5pp | 11.9% |
| Net Margin | 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%-2.3pp | 9.2% |
| Return on Equity | 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%-1.1pp | 4.0% |
| Return on Assets | 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%-0.6pp | 2.2% |
| Current Ratio | 2.65+0.2 | 2.40+0.1 | 2.35-0.2 | 2.53+0.1 | 2.45+0.2 | 2.20-0.1 | 2.25-0.1 | 2.34 |
| Debt-to-Equity | 0.86-0.0 | 0.870.0 | 0.87+0.1 | 0.790.0 | 0.78-0.1 | 0.850.0 | 0.84+0.0 | 0.81 |
| FCF Margin | -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%-14.2pp | 3.4% |
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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 4.77, 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 9, indicating strong 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 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.
Can Boot Barn Hldgs Inc cover its interest payments?
Boot Barn Hldgs Inc (BOOT) has an interest coverage ratio of 373.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Boot Barn Hldgs Inc?
Boot Barn Hldgs Inc (BOOT) scores 55 out of 100 on our Financial Profile, indicating moderate 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.