Live Earnings Conference Call: Boot Barn will host a live Q4 2026 earnings call on May 14, 2026 at 4:30PM ET. Get details.

Boot Barn (BOOT) Financials

$145.39 +0.59 (+0.41%)

Closing price 05/13/2026 03:59 PM Eastern

Extended Trading

$145.63 +0.24 (+0.17%)

As of 05/13/2026 07:29 PM Eastern

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Annual Income Statements for Boot Barn

This table shows Boot Barn's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/28/2015	3/26/2016	4/1/2017	3/31/2018	3/30/2019	3/28/2020	3/27/2021	3/26/2022	4/1/2023	3/30/2024	3/29/2025
Net Income / (Loss) Attributable to Common Shareholders	14	9.87	14	29	39	48	59	192	171	147	181
Consolidated Net Income / (Loss)	14	9.87	14	29	39	48	59	192	171	147	181
Net Income / (Loss) Continuing Operations	14	9.87	14	29	39	48	59	192	171	147	181
Total Pre-Tax Income	22	17	23	31	48	60	77	253	226	197	240
Total Operating Income	35	30	38	46	64	74	86	258	232	198	239
Total Gross Profit	135	173	190	208	251	276	295	575	611	614	717
Total Revenue	403	569	630	678	777	846	893	1,488	1,658	1,667	1,911
Operating Revenue	403	569	630	678	777	846	893	1,488	1,658	1,667	1,911
Total Cost of Revenue	268	396	440	470	525	569	599	913	1,047	1,053	1,194
Operating Cost of Revenue	268	396	440	470	525	569	599	913	1,047	1,053	1,194
Total Operating Expenses	99	143	152	162	187	203	209	317	379	416	478
Selling, General & Admin Expense	99	142	152	162	187	203	209	317	379	416	478
Total Other Income / (Expense), net	-13	-13	-15	-15	-16	-13	-9.08	-5.75	-5.91	-0.84	0.77
Interest & Investment Income	-	-	-	-15	-16	-13	-9.44	-5.78	-5.88	-2.24	-1.50
Other Income / (Expense), net	0.05	-	0.00	0.00	0.01	-0.05	0.37	0.04	-0.03	1.40	2.26
Income Tax Expense	8.47	7.44	8.92	2.30	8.97	12	18	60	55	50	59
Basic Earnings per Share	$0.56	$0.38	$0.54	$1.08	$1.39	$1.68	$2.05	$6.51	$5.72	$4.87	$5.93
Weighted Average Basic Shares Outstanding	22.13M	26.17M	26.46M	26.74M	28.09M	28.58M	28.93M	29.56M	29.81M	30.17M	30.52M
Diluted Earnings per Share	$0.54	$0.37	$0.53	$1.05	$1.35	$1.64	$2.01	$6.33	$5.62	$4.80	$5.88
Weighted Average Diluted Shares Outstanding	22.89M	26.96M	26.94M	27.53M	28.81M	29.22M	29.48M	30.39M	30.37M	30.61M	30.77M
Weighted Average Basic & Diluted Shares Outstanding	24.50M	26M	26.30M	26.70M	28.10M	28.81M	29.25M	29.74M	29.91M	30.40M	30.59M

This table shows Boot Barn's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Net Income / (Loss) Attributable to Common Shareholders	34	28	56	29	39	29	75	38	53	42	86
Consolidated Net Income / (Loss)	34	28	56	29	39	29	75	38	53	42	86
Net Income / (Loss) Continuing Operations	34	28	56	29	39	29	75	38	53	42	86
Total Pre-Tax Income	45	38	75	39	50	41	99	50	71	57	115
Total Operating Income	46	39	75	38	50	40	99	50	71	56	115
Total Gross Profit	142	134	199	139	157	153	239	169	197	184	281
Total Revenue	384	374	520	388	423	426	608	454	504	505	706
Operating Revenue	384	374	520	388	423	426	608	454	504	505	706
Total Cost of Revenue	242	241	321	249	267	273	369	285	307	321	424
Operating Cost of Revenue	242	241	321	249	267	273	369	285	307	321	424
Total Operating Expenses	96	95	124	101	107	113	139	119	127	128	166
Selling, General & Admin Expense	96	95	124	101	107	113	139	119	127	128	166
Total Other Income / (Expense), net	-0.80	-0.51	-0.17	0.64	0.25	0.57	-0.31	0.26	0.57	0.50	-0.03
Interest & Investment Income	-1.02	-0.46	-0.52	-0.23	-0.35	-0.38	-0.42	-0.35	-0.34	-0.40	-0.44
Other Income / (Expense), net	0.22	-0.05	0.35	0.87	0.60	0.95	0.11	0.61	0.91	0.91	0.41
Income Tax Expense	11	10	19	9.45	12	11	24	12	18	15	29
Basic Earnings per Share	$1.14	$0.92	$1.84	$0.97	$1.28	$0.96	$2.46	$1.23	$1.75	$1.38	$2.82
Weighted Average Basic Shares Outstanding	29.92M	30.14M	30.29M	30.17M	30.43M	30.51M	30.56M	30.52M	30.60M	30.54M	30.47M
Diluted Earnings per Share	$1.13	$0.90	$1.81	$0.96	$1.26	$0.95	$2.43	$1.24	$1.74	$1.37	$2.79
Weighted Average Diluted Shares Outstanding	30.44M	30.63M	30.65M	30.61M	30.82M	30.90M	30.90M	30.77M	30.75M	30.75M	30.73M
Weighted Average Basic & Diluted Shares Outstanding	29.99M	30.28M	30.30M	30.40M	30.50M	30.53M	30.59M	30.59M	30.56M	30.48M	30.42M

This table details how cash moves in and out of Boot Barn's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/28/2015	3/26/2016	4/1/2017	3/31/2018	3/30/2019	3/28/2020	3/27/2021	3/26/2022	4/1/2023	3/30/2024	3/29/2025
Net Change in Cash & Equivalents	0.33	5.75	0.84	0.98	7.60	53	3.59	-52	-2.48	58	-6.08
Net Cash From Operating Activities	12	33	41	44	63	25	156	89	89	236	148
Net Cash From Continuing Operating Activities	12	33	41	44	63	25	156	89	89	236	148
Net Income / (Loss) Continuing Operations	14	9.87	14	29	39	48	59	192	171	147	181
Consolidated Net Income / (Loss)	14	9.87	14	29	39	48	59	192	171	147	181
Depreciation Expense	6.62	11	15	16	18	21	24	27	36	50	62
Amortization Expense	6.28	4.31	3.30	2.33	1.88	32	35	41	48	0.16	67
Non-Cash Adjustments To Reconcile Net Income	1.35	-0.35	4.52	4.94	3.64	-25	-26	-28	-19	71	-37
Changes in Operating Assets and Liabilities, net	-16	7.62	4.58	-7.94	0.47	-51	63	-144	-146	-31	-126
Net Cash From Investing Activities	-14	-183	-24	-24	-32	-40	-28	-60	-125	-119	-148
Net Cash From Continuing Investing Activities	-14	-183	-24	-24	-32	-40	-28	-60	-125	-119	-148
Purchase of Property, Plant & Equipment	-14	-36	-22	-24	-28	-37	-28	-60	-125	-119	-148
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	-	0.00	0.00	0.06
Net Cash From Financing Activities	2.90	155	-17	-20	-24	68	-124	-81	33	-60	-5.38
Net Cash From Continuing Financing Activities	2.90	155	-17	-20	-24	68	-124	-81	33	-60	-5.38
Repayment of Debt	-144	-52	-2.38	-11	-11	-67	-0.67	-112	-0.84	-0.86	-0.87
Issuance of Debt	105	201	-16	-12	-21	130	-130	29	37	-66	0.00
Other Financing Activities, net	1.15	6.32	1.21	3.57	7.66	4.67	6.65	2.86	-3.49	7.26	-4.51
Cash Interest Paid	11	10	14	14	15	12	8.80	3.81	5.84	2.39	1.38
Cash Income Taxes Paid	8.30	3.30	4.19	0.61	0.65	13	11	42	60	57	60

This table details how cash moves in and out of Boot Barn's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Net Change in Cash & Equivalents	-1.09	22	69	-31	7.54	-46	116	-83	26	-31	135
Net Cash From Operating Activities	71	75	95	-4.38	41	-7.77	157	-43	74	26	210
Net Cash From Continuing Operating Activities	71	75	95	-6.38	41	-7.77	157	-43	74	26	210
Net Income / (Loss) Continuing Operations	34	28	56	29	39	29	75	38	53	42	86
Consolidated Net Income / (Loss)	34	28	56	29	39	29	75	38	53	42	86
Depreciation Expense	11	12	13	14	14	15	16	17	18	19	20
Amortization Expense	13	13	14	55	0.04	16	17	18	18	-18	0.03
Non-Cash Adjustments To Reconcile Net Income	-0.22	-7.09	-8.68	-44	11	-4.69	-19	-9.34	-1.95	47	-7.04
Changes in Operating Assets and Liabilities, net	13	29	21	-61	-23	-64	67	-106	-13	-65	111
Net Cash From Investing Activities	-30	-35	-27	-27	-27	-38	-43	-40	-31	-44	-62
Net Cash From Continuing Investing Activities	-30	-35	-27	-27	-27	-38	-43	-40	-31	-44	-62
Purchase of Property, Plant & Equipment	-30	-35	-27	-27	-27	-38	-43	-40	-31	-43	-62
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	-	-	-	0.03
Net Cash From Financing Activities	-42	-18	0.11	0.55	-6.71	0.10	1.30	-0.07	-17	-13	-13
Net Cash From Continuing Financing Activities	-42	-18	0.11	0.55	-6.71	0.10	1.30	-0.07	-17	-13	-13
Repayment of Debt	-0.21	-0.22	-0.23	-0.21	-0.21	-0.21	-0.22	-0.23	-0.23	-0.23	-0.26
Repurchase of Common Equity	-	-	-	-	0.00	-	-	-	-13	-13	-13
Other Financing Activities, net	-1.96	8.13	0.34	0.75	-6.49	0.31	1.52	0.16	-4.11	-0.07	0.11
Cash Interest Paid	1.15	0.25	0.53	0.45	0.32	0.36	0.37	0.33	0.31	0.31	0.40
Cash Income Taxes Paid	0.65	2.18	43	12	0.58	17	11	31	0.59	29	13

This table presents Boot Barn's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/28/2015	3/26/2016	4/1/2017	3/31/2018	3/30/2019	3/28/2020	3/27/2021	3/26/2022	4/1/2023	3/30/2024	3/29/2025
Total Assets	326	539	566	588	636	925	934	1,200	1,517	1,706	2,018
Total Current Assets	145	203	224	241	277	385	374	542	669	730	864
Cash & Equivalents	1.45	7.20	8.04	9.02	17	70	73	21	18	76	70
Accounts Receivable	3.86	4.13	4.35	4.39	8.10	12	13	9.66	13	9.96	10
Inventories, net	129	176	189	211	241	289	276	474	589	599	747
Prepaid Expenses	11	16	23	16	12	14	13	37	48	45	37
Plant, Property, & Equipment, net	30	76	83	89	99	110	110	155	257	324	422
Total Noncurrent Assets	151	260	259	258	260	430	449	503	591	652	732
Goodwill	93	193	193	193	196	198	198	198	198	198	198
Intangible Assets	57	65	65	63	63	61	61	61	61	59	59
Other Noncurrent Operating Assets	0.57	2.08	0.96	1.13	1.37	172	190	244	333	396	476
Total Liabilities & Shareholders' Equity	326	539	566	588	636	925	934	1,200	1,517	1,706	2,018
Total Liabilities	184	378	386	373	372	603	539	600	741	762	887
Total Current Liabilities	86	152	148	151	152	313	222	336	375	313	353
Accounts Payable	45	67	77	90	105	95	105	131	134	133	134
Accrued Expenses	24	36	36	40	47	53	78	133	123	116	146
Other Current Liabilities	-	-	-	-	0.00	35	39	43	52	63	73
Total Noncurrent Liabilities	97	226	238	222	220	290	317	264	366	449	534
Noncurrent Deferred & Payable Income Tax Liabilities	21	12	21	13	17	20	22	27	33	42	39
Other Noncurrent Operating Liabilities	4.07	12	18	19	22	162	185	237	333	407	494
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	142	161	180	215	264	322	395	600	776	944	1,131
Total Preferred & Common Equity	142	161	180	215	264	322	395	600	776	944	1,131
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	142	161	180	215	264	322	395	600	776	944	1,131
Common Stock	129	138	142	148	159	169	184	199	210	233	247
Retained Earnings	14	24	38	67	106	154	213	405	576	723	904
Treasury Stock	-	0.00	-0.07	-0.19	-0.67	-1.20	-1.95	-4.86	-9.55	-	-20

This table presents Boot Barn's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/24/2022	12/24/2022	7/1/2023	9/30/2023	12/30/2023	6/29/2024	9/28/2024	12/28/2024	6/28/2025	9/27/2025	12/27/2025
Total Assets	1,486	1,512	1,506	1,578	1,674	1,774	1,867	2,013	2,094	2,257	2,398
Total Current Assets	715	709	632	673	735	756	807	899	909	967	1,058
Cash & Equivalents	20	50	17	39	107	83	37	153	95	65	200
Accounts Receivable	11	15	12	9.32	10	7.92	7.89	10	8.53	10	14
Inventories, net	641	592	566	586	563	627	713	690	774	855	805
Prepaid Expenses	43	52	37	39	54	38	49	46	31	37	38
Plant, Property, & Equipment, net	204	232	276	294	308	347	368	398	430	466	491
Total Noncurrent Assets	567	572	598	612	630	672	691	715	755	823	850
Goodwill	198	198	198	198	198	198	198	198	198	198	198
Intangible Assets	61	61	61	61	61	59	59	59	59	59	59
Other Noncurrent Operating Assets	309	314	340	354	372	416	435	459	499	566	594
Total Liabilities & Shareholders' Equity	1,486	1,512	1,506	1,578	1,674	1,774	1,867	2,013	2,094	2,257	2,398
Total Liabilities	812	783	693	726	763	793	850	922	922	1,051	1,115
Total Current Liabilities	481	445	313	329	344	323	358	409	359	412	441
Accounts Payable	171	154	108	140	132	134	154	129	141	175	147
Accrued Expenses	117	183	124	133	153	121	134	209	140	160	215
Other Current Liabilities	47	49	55	56	59	68	71	70	77	77	79
Total Noncurrent Liabilities	331	338	380	397	419	470	492	513	564	639	674
Noncurrent Deferred & Payable Income Tax Liabilities	28	27	34	36	40	42	41	38	39	43	44
Other Noncurrent Operating Liabilities	302	311	346	361	379	427	450	476	525	596	630
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	674	729	814	852	911	982	1,017	1,091	1,171	1,205	1,283
Total Preferred & Common Equity	674	729	814	852	911	982	1,017	1,091	1,171	1,205	1,283
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	674	729	814	852	911	982	1,017	1,091	1,171	1,205	1,283
Common Stock	206	209	215	226	229	239	245	244	250	255	259
Retained Earnings	477	530	610	638	694	762	791	866	957	1,000	1,085
Treasury Stock	-9.36	-9.36	-12	-12	-12	-	-	-	-36	-49	-62

This table displays calculated financial ratios and metrics derived from Boot Barn's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/28/2015	3/26/2016	4/1/2017	3/31/2018	3/30/2019	3/28/2020	3/27/2021	3/26/2022	4/1/2023	3/30/2024	3/29/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.43%	41.31%	10.68%	7.64%	14.59%	8.85%	5.67%	66.57%	11.38%	0.57%	14.64%
EBITDA Growth	50.81%	-4.87%	20.97%	16.00%	30.79%	50.41%	14.89%	123.97%	-18.07%	13.67%	48.89%
EBIT Growth	72.48%	-14.80%	25.08%	22.31%	39.07%	14.45%	17.75%	198.04%	-10.30%	-13.87%	21.04%
NOPAT Growth	69.37%	-21.37%	34.75%	84.48%	22.06%	11.99%	13.31%	196.59%	-11.08%	-15.65%	22.18%
Net Income Growth	142.58%	-28.13%	43.87%	103.42%	35.12%	22.88%	23.85%	224.07%	-11.38%	-13.81%	23.09%
EPS Growth	92.86%	-31.48%	43.24%	98.11%	28.57%	21.48%	22.56%	214.93%	-11.22%	-14.59%	22.50%
Operating Cash Flow Growth	-9.95%	186.14%	24.97%	7.41%	43.12%	-59.98%	515.88%	-43.01%	0.03%	165.60%	-37.50%
Free Cash Flow Firm Growth	101.35%	-5,943.13%	114.44%	38.07%	30.48%	-109.61%	3,306.82%	-83.48%	-300.64%	349.50%	-112.61%
Invested Capital Growth	9.09%	75.46%	0.14%	2.85%	2.75%	14.58%	-12.12%	40.79%	35.68%	5.28%	22.30%
Revenue Q/Q Growth	0.00%	1.57%	8.80%	1.16%	2.91%	-0.49%	8.53%	9.12%	2.62%	-2.18%	3.54%
EBITDA Q/Q Growth	0.00%	-2.75%	3.80%	5.60%	7.36%	1.52%	19.99%	22.89%	-11.92%	13.06%	4.80%
EBIT Q/Q Growth	0.00%	-5.62%	5.76%	7.48%	8.84%	-8.57%	36.82%	12.81%	0.27%	-10.65%	4.85%
NOPAT Q/Q Growth	0.00%	-10.16%	9.71%	12.92%	2.42%	-5.54%	37.52%	10.61%	1.38%	-11.11%	4.88%
Net Income Q/Q Growth	0.00%	0.50%	-0.50%	17.34%	4.95%	-5.83%	46.40%	11.70%	1.00%	-10.35%	4.69%
EPS Q/Q Growth	0.00%	-5.13%	-1.85%	16.67%	3.05%	-5.20%	45.65%	11.05%	1.26%	-10.61%	5.00%
Operating Cash Flow Q/Q Growth	-22.95%	-29.32%	-9.41%	-3.13%	0.15%	-47.75%	48.33%	-53.20%	707.07%	-2.57%	-20.81%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-13.80%	-0.40%	-1.89%	-115.89%	68.47%	-84.62%	67.06%	3.93%	-134.45%
Invested Capital Q/Q Growth	0.00%	8.23%	9.89%	11.05%	11.31%	16.27%	9.01%	38.53%	11.71%	7.96%	13.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.47%	30.44%	30.15%	30.67%	32.37%	32.70%	33.00%	38.64%	36.83%	36.86%	37.52%
EBITDA Margin	12.01%	8.09%	8.84%	9.53%	10.87%	15.02%	16.34%	21.96%	16.16%	18.26%	19.42%
Operating Margin	8.80%	5.31%	6.00%	6.82%	8.28%	8.71%	9.66%	17.36%	13.98%	11.89%	12.52%
EBIT Margin	8.81%	5.31%	6.00%	6.82%	8.28%	8.71%	9.70%	17.36%	13.98%	11.97%	12.64%
Profit (Net Income) Margin	3.41%	1.73%	2.25%	4.26%	5.02%	5.67%	6.65%	12.93%	10.29%	8.82%	9.47%
Tax Burden Percent	61.86%	57.00%	61.41%	92.62%	81.30%	79.50%	76.88%	76.19%	75.51%	74.48%	75.36%
Interest Burden Percent	62.55%	57.26%	61.13%	67.41%	74.61%	81.92%	89.11%	97.76%	97.46%	98.88%	99.38%
Effective Tax Rate	38.14%	43.00%	38.59%	7.38%	18.70%	20.50%	23.12%	23.81%	24.49%	25.52%	24.64%
Return on Invested Capital (ROIC)	9.91%	5.42%	5.73%	10.42%	12.37%	12.74%	14.39%	37.89%	24.45%	17.45%	18.70%
ROIC Less NNEP Spread (ROIC-NNEP)	2.31%	0.98%	1.88%	3.89%	5.13%	6.37%	7.61%	18.22%	8.43%	21.93%	17.91%
Return on Net Nonoperating Assets (RNNOA)	2.19%	1.07%	2.59%	4.22%	3.93%	3.63%	2.19%	0.82%	0.34%	-0.36%	-1.26%
Return on Equity (ROE)	12.10%	6.49%	8.32%	14.64%	16.30%	16.37%	16.57%	38.70%	24.79%	17.09%	17.44%
Cash Return on Invested Capital (CROIC)	1.21%	-49.37%	5.59%	7.61%	9.66%	-0.85%	27.29%	4.00%	-5.83%	12.31%	-1.36%
Operating Return on Assets (OROA)	11.48%	6.99%	6.85%	8.02%	10.51%	9.43%	9.33%	24.22%	17.06%	12.39%	12.98%
Return on Assets (ROA)	4.44%	2.28%	2.57%	5.01%	6.38%	6.14%	6.39%	18.04%	12.55%	9.12%	9.72%
Return on Common Equity (ROCE)	11.88%	6.49%	8.32%	14.64%	16.30%	16.37%	16.57%	38.70%	24.79%	17.09%	17.44%
Return on Equity Simple (ROE_SIMPLE)	9.64%	6.11%	7.89%	13.46%	14.77%	14.91%	15.04%	32.09%	21.97%	15.58%	16.00%
Net Operating Profit after Tax (NOPAT)	22	17	23	43	52	59	66	197	175	148	180
NOPAT Margin	5.44%	3.03%	3.69%	6.32%	6.73%	6.93%	7.43%	13.23%	10.56%	8.86%	9.44%
Net Nonoperating Expense Percent (NNEP)	7.60%	4.44%	3.85%	6.52%	7.24%	6.36%	6.77%	19.67%	16.01%	-4.48%	0.79%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	15.95%
Cost of Revenue to Revenue	66.53%	69.56%	69.85%	69.33%	67.63%	67.30%	67.00%	61.36%	63.17%	63.14%	62.48%
SG&A Expenses to Revenue	24.67%	24.97%	24.14%	23.85%	24.09%	23.99%	23.34%	21.28%	22.85%	24.97%	25.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.67%	25.13%	24.14%	23.85%	24.09%	23.99%	23.34%	21.28%	22.85%	24.97%	25.00%
Earnings before Interest and Taxes (EBIT)	35	30	38	46	64	74	87	258	232	200	242
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	48	46	56	65	84	127	146	327	268	304	371
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.19	1.52	1.46	2.24	3.16	1.20	4.65	4.78	2.94	3.06	2.82
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	152.72	6.09	13.45	8.39	4.41	4.19	3.64
Price to Revenue (P/Rev)	1.48	0.43	0.42	0.71	1.07	0.45	2.05	1.92	1.38	1.73	1.67
Price to Earnings (P/E)	43.47	24.94	18.49	16.65	21.37	8.02	30.92	14.88	13.40	19.61	17.61
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.30%	4.01%	5.41%	6.01%	4.68%	12.46%	3.23%	6.72%	7.46%	5.10%	5.68%
Enterprise Value to Invested Capital (EV/IC)	2.97	1.21	1.20	1.64	2.33	1.13	4.34	4.73	2.83	3.24	2.94
Enterprise Value to Revenue (EV/Rev)	1.70	0.86	0.78	1.01	1.29	0.66	2.10	1.93	1.41	1.68	1.63
Enterprise Value to EBITDA (EV/EBITDA)	14.16	10.64	8.77	10.58	11.82	4.36	12.83	8.79	8.71	9.22	8.40
Enterprise Value to EBIT (EV/EBIT)	19.31	16.19	12.91	14.77	15.52	7.53	21.60	11.12	10.07	14.06	12.90
Enterprise Value to NOPAT (EV/NOPAT)	31.25	28.41	21.02	15.95	19.09	9.46	28.22	14.59	13.33	19.02	17.28
Enterprise Value to Operating Cash Flow (EV/OCF)	59.53	14.87	11.86	15.46	15.78	21.88	12.01	32.32	26.25	11.89	21.13
Enterprise Value to Free Cash Flow (EV/FCFF)	255.06	0.00	21.54	21.84	24.45	0.00	14.88	138.07	0.00	26.96	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	1.55	1.30	0.99	0.69	0.74	0.28	0.05	0.09	0.00	0.00
Long-Term Debt to Equity	0.51	1.24	1.11	0.89	0.69	0.34	0.28	0.00	0.00	0.00	0.00
Financial Leverage	0.95	1.09	1.37	1.09	0.77	0.57	0.29	0.04	0.04	-0.02	-0.07
Leverage Ratio	2.72	2.85	3.24	2.92	2.56	2.66	2.59	2.15	1.97	1.87	1.79
Compound Leverage Factor	1.70	1.63	1.98	1.97	1.91	2.18	2.31	2.10	1.92	1.85	1.78
Debt to Total Capital	38.68%	60.82%	56.50%	49.64%	40.66%	42.62%	21.75%	4.54%	7.84%	0.00%	0.00%
Short-Term Debt to Total Capital	7.66%	12.09%	8.30%	4.93%	0.00%	23.17%	0.00%	4.54%	7.84%	0.00%	0.00%
Long-Term Debt to Total Capital	31.02%	48.73%	48.20%	44.71%	40.66%	19.45%	21.75%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.32%	39.18%	43.50%	50.36%	59.34%	57.38%	78.25%	95.46%	92.16%	100.00%	100.00%
Debt to EBITDA	1.86	5.45	4.20	3.28	2.14	1.88	0.75	0.09	0.25	0.00	0.00
Net Debt to EBITDA	1.83	5.29	4.05	3.14	1.95	1.33	0.25	0.02	0.18	0.00	0.00
Long-Term Debt to EBITDA	1.49	4.36	3.58	2.95	2.14	0.86	0.75	0.00	0.00	0.00	0.00
Debt to NOPAT	4.10	14.55	10.06	4.94	3.46	4.08	1.65	0.15	0.38	0.00	0.00
Net Debt to NOPAT	4.03	14.13	9.72	4.73	3.14	2.89	0.55	0.04	0.27	0.00	0.00
Long-Term Debt to NOPAT	3.29	11.65	8.58	4.45	3.46	1.86	1.65	0.00	0.00	0.00	0.00
Altman Z-Score	3.82	1.81	2.00	2.53	3.37	1.89	3.82	5.49	4.21	4.52	4.43
Noncontrolling Interest Sharing Ratio	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.68	1.33	1.52	1.60	1.83	1.23	1.69	1.61	1.79	2.33	2.45
Quick Ratio	0.06	0.07	0.08	0.09	0.16	0.26	0.39	0.09	0.08	0.27	0.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2.69	-157	23	31	41	-3.93	126	21	-42	104	-13
Operating Cash Flow to CapEx	81.77%	91.15%	184.59%	181.01%	229.83%	68.07%	548.56%	147.02%	71.38%	198.75%	99.53%
Free Cash Flow to Firm to Interest Expense	0.20	-12.14	1.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.87	2.55	2.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-0.19	-0.25	1.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.30	1.32	1.14	1.18	1.27	1.08	0.96	1.40	1.22	1.03	1.03
Accounts Receivable Turnover	133.03	142.36	148.45	155.08	124.46	83.80	71.89	132.68	145.36	144.27	188.97
Inventory Turnover	2.31	2.59	2.41	2.35	2.32	2.15	2.12	2.44	1.97	1.77	1.77
Fixed Asset Turnover	15.64	10.72	7.93	7.89	8.27	8.12	8.12	11.20	8.04	5.74	5.13
Accounts Payable Turnover	6.64	7.12	6.11	5.61	5.39	5.68	5.99	7.74	7.88	7.88	8.93
Days Sales Outstanding (DSO)	2.74	2.56	2.46	2.35	2.93	4.36	5.08	2.75	2.51	2.53	1.93
Days Inventory Outstanding (DIO)	158.05	140.93	151.59	155.53	157.07	169.79	172.09	149.90	185.42	206.09	205.77
Days Payable Outstanding (DPO)	54.95	51.27	59.75	65.01	67.70	64.23	60.97	47.17	46.30	46.31	40.86
Cash Conversion Cycle (CCC)	105.84	92.22	94.30	92.87	92.30	109.92	116.20	105.48	141.63	162.30	166.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	231	405	406	417	429	491	432	608	824	868	1,061
Invested Capital Turnover	1.82	1.79	1.55	1.65	1.84	1.84	1.94	2.86	2.32	1.97	1.98
Increase / (Decrease) in Invested Capital	19	174	0.56	12	11	62	-60	176	217	43	193
Enterprise Value (EV)	685	490	488	683	998	554	1,873	2,872	2,333	2,807	3,117
Market Capitalization	597	246	263	481	834	385	1,836	2,864	2,285	2,883	3,187
Book Value per Share	$5.54	$6.13	$6.78	$7.91	$9.32	$11.18	$13.61	$20.21	$26.04	$31.14	$36.97
Tangible Book Value per Share	($0.30)	($3.66)	($2.93)	($1.54)	$0.19	$2.20	$4.71	$11.51	$17.38	$22.69	$28.60
Total Capital	232	412	414	426	445	561	505	628	842	944	1,131
Total Debt	90	251	234	212	181	239	110	29	66	0.00	0.00
Total Long-Term Debt	72	201	199	191	181	109	110	0.00	0.00	0.00	0.00
Net Debt	88	244	226	202	164	169	37	7.88	48	-76	-70
Capital Expenditures (CapEx)	14	36	22	24	28	37	28	60	125	119	148
Debt-free, Cash-free Net Working Capital (DFCFNWC)	75	94	103	102	109	132	80	213	342	341	441
Debt-free Net Working Capital (DFNWC)	77	101	111	111	125	202	153	234	360	417	511
Net Working Capital (NWC)	59	51	77	90	125	72	153	205	294	417	511
Net Nonoperating Expense (NNE)	8.19	7.37	9.03	14	13	11	6.98	4.38	4.46	0.63	-0.58
Net Nonoperating Obligations (NNO)	88	244	226	202	164	169	37	7.88	48	-76	-70
Total Depreciation and Amortization (D&A)	13	16	18	18	20	53	59	69	36	105	130
Debt-free, Cash-free Net Working Capital to Revenue	18.66%	16.44%	16.32%	15.06%	14.00%	15.65%	8.91%	14.33%	20.64%	20.46%	23.07%
Debt-free Net Working Capital to Revenue	19.02%	17.71%	17.60%	16.39%	16.14%	23.88%	17.10%	15.72%	21.74%	25.01%	26.72%
Net Working Capital to Revenue	14.60%	8.95%	12.15%	13.29%	16.14%	8.52%	17.10%	13.80%	17.76%	25.01%	26.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.56	$0.38	$0.54	$1.08	$1.39	$1.68	$0.00	$6.51	$5.72	$4.87	$5.93
Adjusted Weighted Average Basic Shares Outstanding	22.13M	26.17M	26.46M	26.74M	28.09M	28.58M	0.00	29.56M	29.81M	30.17M	30.52M
Adjusted Diluted Earnings per Share	$0.54	$0.37	$0.53	$1.05	$1.35	$1.64	$0.00	$6.33	$5.62	$4.80	$5.88
Adjusted Weighted Average Diluted Shares Outstanding	22.89M	26.96M	26.94M	27.53M	28.81M	29.22M	0.00	30.39M	30.37M	30.61M	30.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.82M	26.41M	26.59M	27.48M	28.36M	28.81M	0.00	29.74M	29.91M	30.40M	30.59M
Normalized Net Operating Profit after Tax (NOPAT)	22	18	23	43	52	59	66	197	175	148	180
Normalized NOPAT Margin	5.44%	3.12%	3.69%	6.32%	6.73%	6.93%	7.43%	13.23%	10.56%	8.86%	9.44%
Pre Tax Income Margin	5.51%	3.04%	3.67%	4.60%	6.18%	7.13%	8.65%	16.97%	13.63%	11.84%	12.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.67	2.34	2.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	1.65	1.33	1.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.61	-0.46	1.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.59	-1.46	0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	300.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	300.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Boot Barn's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.88%	6.52%	1.14%	-8.74%	10.34%	13.71%	16.87%	16.81%	19.06%	18.69%	16.03%
EBITDA Growth	-1.57%	52.78%	25.48%	48.28%	15.38%	13.49%	29.56%	575.98%	64.46%	4.71%	16.78%
EBIT Growth	-10.90%	-12.73%	4.05%	-37.81%	9.36%	6.23%	31.89%	28.58%	40.96%	40.07%	15.68%
NOPAT Growth	-13.04%	-15.18%	2.45%	-38.96%	11.09%	3.44%	35.06%	28.97%	36.83%	44.22%	13.99%
Net Income Growth	-12.88%	-13.65%	5.40%	-36.57%	13.59%	6.32%	34.95%	27.51%	37.26%	43.48%	14.31%
EPS Growth	-12.40%	-15.09%	4.02%	-37.25%	11.50%	5.56%	34.25%	29.17%	38.10%	44.21%	14.81%
Operating Cash Flow Growth	374.77%	305.28%	-36.32%	-338.38%	-41.65%	-110.41%	65.42%	-885.32%	78.77%	431.25%	33.44%
Free Cash Flow Firm Growth	59.06%	105.57%	95.86%	91.41%	58.80%	-985.89%	-477.77%	-973.75%	-237.83%	12.57%	-1.54%
Invested Capital Growth	17.82%	1.58%	8.93%	5.28%	9.19%	20.35%	16.66%	22.30%	19.77%	16.46%	15.50%
Revenue Q/Q Growth	-9.86%	-2.41%	38.97%	-25.35%	8.99%	0.57%	42.83%	-25.39%	11.09%	0.26%	39.62%
EBITDA Q/Q Growth	-3.60%	-8.97%	60.51%	73.53%	-24.99%	-10.46%	83.24%	-36.32%	26.51%	-45.02%	129.78%
EBIT Q/Q Growth	-26.12%	-17.09%	95.96%	-48.19%	29.92%	-19.46%	143.29%	-49.49%	42.42%	-19.97%	100.92%
NOPAT Q/Q Growth	-26.52%	-19.52%	98.73%	-48.07%	33.73%	-25.06%	159.49%	-50.41%	41.88%	-21.01%	105.10%
Net Income Q/Q Growth	-26.19%	-19.19%	100.95%	-47.08%	32.17%	-24.37%	155.08%	-49.99%	42.27%	-20.94%	103.24%
EPS Q/Q Growth	-26.14%	-20.35%	101.11%	-46.96%	31.25%	-24.60%	155.79%	-48.97%	40.32%	-21.26%	103.65%
Operating Cash Flow Q/Q Growth	3,754.22%	5.45%	27.25%	-104.61%	1,043.39%	-118.81%	2,122.72%	-127.46%	271.16%	-65.15%	714.84%
Free Cash Flow Firm Q/Q Growth	47.10%	117.21%	-165.78%	-43.43%	-153.76%	-270.00%	57.10%	-166.55%	20.16%	4.25%	50.17%
Invested Capital Q/Q Growth	-0.18%	-1.10%	-1.22%	7.96%	3.53%	9.00%	-4.25%	13.18%	1.39%	5.99%	-5.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.00%	35.76%	38.26%	35.90%	37.02%	35.90%	39.28%	37.15%	39.13%	36.44%	39.86%
EBITDA Margin	18.30%	17.07%	19.72%	27.81%	19.14%	17.04%	21.86%	18.66%	21.25%	11.65%	19.17%
Operating Margin	12.05%	10.30%	14.44%	9.85%	11.86%	9.39%	16.35%	10.95%	14.03%	11.16%	16.27%
EBIT Margin	12.11%	10.29%	14.51%	10.07%	12.00%	9.61%	16.37%	11.08%	14.21%	11.34%	16.32%
Profit (Net Income) Margin	8.93%	7.39%	10.69%	7.58%	9.19%	6.91%	12.34%	8.27%	10.60%	8.35%	12.16%
Tax Burden Percent	75.37%	72.72%	74.19%	75.71%	77.10%	72.58%	75.70%	75.16%	74.92%	74.17%	74.78%
Interest Burden Percent	97.80%	98.80%	99.31%	99.41%	99.31%	99.06%	99.58%	99.31%	99.52%	99.30%	99.62%
Effective Tax Rate	24.63%	27.28%	25.81%	24.29%	22.90%	27.42%	24.30%	24.84%	25.08%	25.83%	25.22%
Return on Invested Capital (ROIC)	20.01%	15.76%	23.69%	14.69%	18.14%	13.36%	26.25%	16.31%	21.21%	16.18%	26.11%
ROIC Less NNEP Spread (ROIC-NNEP)	18.24%	14.92%	23.94%	11.22%	17.63%	12.29%	26.42%	16.04%	20.73%	15.45%	26.12%
Return on Net Nonoperating Assets (RNNOA)	0.85%	0.86%	-1.44%	-0.18%	-0.73%	-0.50%	-3.43%	-1.13%	-1.72%	-0.71%	-3.89%
Return on Equity (ROE)	20.86%	16.62%	22.25%	14.50%	17.41%	12.86%	22.81%	15.18%	19.49%	15.47%	22.23%
Cash Return on Invested Capital (CROIC)	5.96%	18.84%	13.00%	12.31%	8.82%	-1.46%	4.38%	-1.36%	1.72%	4.36%	7.19%
Operating Return on Assets (OROA)	14.35%	11.41%	15.52%	10.42%	12.49%	9.81%	16.40%	11.38%	14.63%	11.40%	16.05%
Return on Assets (ROA)	10.58%	8.19%	11.44%	7.84%	9.56%	7.05%	12.36%	8.49%	10.91%	8.39%	11.96%
Return on Common Equity (ROCE)	20.86%	16.62%	22.25%	14.50%	17.41%	12.86%	22.81%	15.18%	19.49%	15.47%	22.23%
Return on Equity Simple (ROE_SIMPLE)	20.34%	18.90%	18.00%	0.00%	15.45%	15.09%	15.85%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	35	28	56	29	39	29	75	37	53	42	86
NOPAT Margin	9.08%	7.49%	10.71%	7.45%	9.15%	6.81%	12.38%	8.23%	10.51%	8.28%	12.16%
Net Nonoperating Expense Percent (NNEP)	1.77%	0.84%	-0.26%	3.47%	0.51%	1.08%	-0.18%	0.27%	0.48%	0.73%	-0.01%
Return On Investment Capital (ROIC_SIMPLE)	-	-	6.12%	-	-	-	6.90%	3.30%	4.52%	3.47%	6.69%
Cost of Revenue to Revenue	63.00%	64.24%	61.74%	64.10%	62.98%	64.10%	60.72%	62.85%	60.87%	63.56%	60.14%
SG&A Expenses to Revenue	24.95%	25.46%	23.82%	26.05%	25.16%	26.51%	22.92%	26.20%	25.10%	25.27%	23.59%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.95%	25.46%	23.82%	26.05%	25.16%	26.51%	22.92%	26.20%	25.10%	25.27%	23.59%
Earnings before Interest and Taxes (EBIT)	46	39	75	39	51	41	100	50	72	57	115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	70	64	103	108	81	73	133	85	107	59	135
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.11	2.86	2.55	3.06	3.99	4.95	4.39	2.82	4.04	4.29	4.42
Price to Tangible Book Value (P/TBV)	4.56	4.10	3.56	4.19	5.40	6.62	5.73	3.64	5.17	5.45	5.52
Price to Revenue (P/Rev)	1.51	1.43	1.36	1.73	2.30	2.87	2.59	1.67	2.37	2.50	2.61
Price to Earnings (P/E)	15.31	15.11	14.18	19.61	25.84	32.83	27.67	17.61	24.19	24.82	25.89
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.53%	6.62%	7.05%	5.10%	3.87%	3.05%	3.61%	5.68%	4.13%	4.03%	3.86%
Enterprise Value to Invested Capital (EV/IC)	3.09	2.94	2.76	3.24	4.27	5.11	4.94	2.94	4.31	4.48	5.05
Enterprise Value to Revenue (EV/Rev)	1.52	1.41	1.30	1.68	2.25	2.84	2.51	1.63	2.33	2.46	2.52
Enterprise Value to EBITDA (EV/EBITDA)	9.53	8.30	7.16	9.22	12.17	15.44	13.07	8.40	11.21	12.28	12.57
Enterprise Value to EBIT (EV/EBIT)	11.24	10.87	9.93	14.06	18.81	24.23	20.09	12.90	17.65	18.31	18.58
Enterprise Value to NOPAT (EV/NOPAT)	14.97	14.55	13.35	19.02	25.32	32.80	26.92	17.28	23.80	24.61	25.09
Enterprise Value to Operating Cash Flow (EV/OCF)	13.71	8.08	9.15	11.89	18.57	40.27	24.85	21.13	25.73	23.90	20.55
Enterprise Value to Free Cash Flow (EV/FCFF)	56.04	15.75	22.13	26.96	50.55	0.00	121.51	0.00	272.95	110.39	75.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.05	0.06	-0.06	-0.02	-0.04	-0.04	-0.13	-0.07	-0.08	-0.05	-0.15
Leverage Ratio	1.95	2.01	1.94	1.87	1.83	1.84	1.84	1.79	1.80	1.86	1.86
Compound Leverage Factor	1.90	1.98	1.93	1.86	1.81	1.83	1.83	1.78	1.79	1.84	1.85
Debt to Total Capital	3.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	3.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	96.88%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	4.23	4.00	3.86	4.21	4.92	5.45	5.09	4.12	5.10	4.87	5.05
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.02	2.05	2.14	2.33	2.34	2.25	2.20	2.45	2.53	2.35	2.40
Quick Ratio	0.09	0.15	0.34	0.27	0.28	0.13	0.40	0.23	0.29	0.18	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-90	15	-10	-15	-37	-137	-59	-156	-125	-119	-59
Operating Cash Flow to CapEx	236.84%	214.58%	357.00%	-15.93%	152.63%	-20.27%	365.81%	-108.05%	234.73%	59.53%	339.85%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.19	1.11	1.07	1.03	1.04	1.02	1.00	1.03	1.03	1.00	0.98
Accounts Receivable Turnover	159.24	166.67	135.30	144.27	173.10	204.34	179.04	188.97	242.22	230.36	177.44
Inventory Turnover	1.93	1.76	1.86	1.77	1.81	1.71	1.85	1.77	1.76	1.64	1.79
Fixed Asset Turnover	7.39	6.82	6.32	5.74	5.48	5.31	5.23	5.13	5.13	4.96	4.88
Accounts Payable Turnover	8.16	6.94	7.52	7.88	8.90	7.57	8.88	8.93	8.97	7.80	9.67
Days Sales Outstanding (DSO)	2.29	2.19	2.70	2.53	2.11	1.79	2.04	1.93	1.51	1.58	2.06
Days Inventory Outstanding (DIO)	189.37	207.49	196.46	206.09	202.13	213.52	197.59	205.77	207.18	223.13	204.07
Days Payable Outstanding (DPO)	44.71	52.59	48.56	46.31	41.02	48.23	41.12	40.86	40.71	46.81	37.73
Cash Conversion Cycle (CCC)	146.96	157.09	150.61	162.30	163.22	167.08	158.51	166.84	167.97	177.90	168.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	823	814	804	868	898	979	938	1,061	1,076	1,141	1,083
Invested Capital Turnover	2.20	2.10	2.21	1.97	1.98	1.96	2.12	1.98	2.02	1.95	2.15
Increase / (Decrease) in Invested Capital	124	13	66	43	76	166	134	193	178	161	145
Enterprise Value (EV)	2,542	2,396	2,217	2,807	3,836	4,999	4,629	3,117	4,633	5,105	5,469
Market Capitalization	2,533	2,435	2,325	2,883	3,919	5,037	4,782	3,187	4,728	5,169	5,669
Book Value per Share	$27.21	$28.42	$30.08	$31.14	$32.30	$33.33	$35.73	$36.97	$38.29	$39.44	$42.09
Tangible Book Value per Share	$18.57	$19.81	$21.55	$22.69	$23.87	$24.93	$27.33	$28.60	$29.92	$31.05	$33.68
Total Capital	840	852	911	944	982	1,017	1,091	1,131	1,171	1,205	1,283
Total Debt	26	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	9.12	-39	-107	-76	-83	-37	-153	-70	-95	-65	-200
Capital Expenditures (CapEx)	30	35	27	27	27	38	43	40	31	43	62
Debt-free, Cash-free Net Working Capital (DFCFNWC)	328	305	284	341	349	411	337	441	455	490	416
Debt-free Net Working Capital (DFNWC)	345	344	392	417	433	449	490	511	550	555	616
Net Working Capital (NWC)	319	344	392	417	433	449	490	511	550	555	616
Net Nonoperating Expense (NNE)	0.60	0.37	0.13	-0.49	-0.19	-0.41	0.23	-0.20	-0.43	-0.37	0.02
Net Nonoperating Obligations (NNO)	9.12	-39	-107	-76	-83	-37	-153	-70	-95	-65	-200
Total Depreciation and Amortization (D&A)	24	25	27	69	30	32	33	34	35	1.56	20
Debt-free, Cash-free Net Working Capital to Revenue	19.58%	17.96%	16.69%	20.46%	20.48%	23.40%	18.28%	23.07%	22.83%	23.66%	19.19%
Debt-free Net Working Capital to Revenue	20.60%	20.24%	22.97%	25.01%	25.36%	25.52%	26.56%	26.72%	27.62%	26.79%	28.41%
Net Working Capital to Revenue	19.04%	20.24%	22.97%	25.01%	25.36%	25.52%	26.56%	26.72%	27.62%	26.79%	28.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.14	$0.92	$1.84	$0.97	$1.28	$0.96	$2.46	$1.23	$1.75	$1.38	$2.82
Adjusted Weighted Average Basic Shares Outstanding	29.92M	30.14M	30.29M	30.17M	30.43M	30.51M	30.56M	30.52M	30.60M	30.54M	30.47M
Adjusted Diluted Earnings per Share	$1.13	$0.90	$1.81	$0.96	$1.26	$0.95	$2.43	$1.24	$1.74	$1.37	$2.79
Adjusted Weighted Average Diluted Shares Outstanding	30.44M	30.63M	30.65M	30.61M	30.82M	30.90M	30.90M	30.77M	30.75M	30.75M	30.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.99M	30.28M	30.30M	30.40M	30.50M	30.53M	30.59M	30.59M	30.56M	30.48M	30.42M
Normalized Net Operating Profit after Tax (NOPAT)	35	28	56	29	39	29	75	37	53	42	86
Normalized NOPAT Margin	9.08%	7.49%	10.71%	7.45%	9.15%	6.81%	12.38%	8.23%	10.51%	8.28%	12.16%
Pre Tax Income Margin	11.84%	10.17%	14.41%	10.01%	11.92%	9.52%	16.30%	11.01%	14.14%	11.26%	16.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Boot Barn’s Q3 2026 results show solid top-line growth, improving profitability, and strong operating cash flow, underscoring how the company has managed growth in a shifting retail environment. Over the last four years of quarterly data, the company has generally expanded revenue and earnings, while cash flow from operations remains a primary source of liquidity. Below are the key takeaways organized by likely impact on the stock.

Strong revenue and earnings growth: Revenue rose to $705.6 million in Q3 2026 from $608.2 million in Q3 2025 (about +16%), and net income increased to $85.8 million from $75.1 million (roughly +14%).
Robust operating cash flow supports liquidity: Net cash from continuing operating activities was $209.7 million in Q3 2026, up from $157.1 million in Q3 2025 (approx. +34%), highlighting strong cash-generation from core operations.
Healthy gross margins: Total gross profit was $281.2 million on revenue of $705.6 million in Q3 2026, implying a gross margin around 40%, broadly in line with prior periods (roughly 39–40%).
Improved earnings per share: Basic EPS was $2.82 and diluted EPS $2.79 in Q3 2026, compared with $2.46 and $2.43 in Q3 2025, reflecting higher profitability per share.
Strong balance-sheet liquidity growth: Cash & equivalents rose to about $200.1 million in Q3 2026 from approximately $152.9 million in Q3 2025, improving liquidity headroom.
Rising retained earnings and equity base: Retained earnings climbed to about $1.085 billion and total equity to about $1.283 billion in Q3 2026, supported by ongoing profitability.
Inventory levels up as growth appears to be supported by stock for the season: Inventories, net increased to roughly $805.5 million in Q3 2026 from about $690.3 million in Q3 2025, signaling higher working capital tied to growth and seasonal demand.
Asset base expanding with capex activity: Total assets rose to about $2.398 billion in Q3 2026 versus $2.013 billion in Q3 2025, with PPE net rising to ~$490.7 million and noncurrent assets higher, reflecting ongoing investment in store footprint and infrastructure.
Investing cash outflows persist: Cash used for investing was around $61.7 million in Q3 2026 (Purchase of PPE was about $61.7 million), reflecting ongoing capital expenditures rather than a cash-raising strategy.
Slight quarterly financing-outflow pressures: Net cash from financing activities was negative by about $12.65 million in Q3 2026 (including a modest share repurchase of about $12.5 million), which modestly reduced cash for the quarter despite strong operating cash flow.

05/14/26 02:07 AM ETAI Generated. May Contain Errors.

Boot Barn Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Boot Barn's financial year ends in March. Their financial year 2025 ended on March 29, 2025.

Boot Barn's net income appears to be on an upward trend, with a most recent value of $180.94 million in 2025, rising from $13.73 million in 2015. The previous period was $147.00 million in 2024. View Boot Barn's forecast to see where analysts expect Boot Barn to go next.

Boot Barn's total operating income in 2025 was $239.35 million, based on the following breakdown:

Total Gross Profit: $717.04 million
Total Operating Expenses: $477.69 million

Over the last 10 years, Boot Barn's total revenue changed from $402.68 million in 2015 to $1.91 billion in 2025, a change of 374.6%.

Boot Barn's total liabilities were at $886.96 million at the end of 2025, a 16.4% increase from 2024, and a 382.8% increase since 2015.

In the past 10 years, Boot Barn's cash and equivalents has ranged from $1.45 million in 2015 to $75.85 million in 2024, and is currently $69.77 million as of their latest financial filing in 2025.

Over the last 10 years, Boot Barn's book value per share changed from 5.54 in 2015 to 36.97 in 2025, a change of 567.4%.

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Financial statements for NYSE:BOOT last updated on 2/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Boot Barn (BOOT) Financials

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Boot Barn (BOOT) Financials

Annual Income Statements for Boot Barn

Quarterly Income Statements for Boot Barn

Annual Cash Flow Statements for Boot Barn

Quarterly Cash Flow Statements for Boot Barn

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Quarterly Balance Sheets for Boot Barn

Annual Metrics And Ratios for Boot Barn

Quarterly Metrics And Ratios for Boot Barn

Financials Breakdown Chart

Key Financial Trends

Boot Barn Financials - Frequently Asked Questions

When does Boot Barn's fiscal year end?

How has Boot Barn's net income changed over the last 10 years?

What is Boot Barn's operating income?

How has Boot Barn's revenue changed over the last 10 years?

How much debt does Boot Barn have?

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How has Boot Barn's book value per share changed over the last 10 years?

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