What is Boot Barn's operating income?

Boot Barn's total operating income in 2026 was $299.15 million, based on the following breakdown: Total Gross Profit: $858.36 million Total Operating Expenses: $559.21 million

Boot Barn (BOOT) Financials

$168.28 -3.61 (-2.10%)

As of 02:32 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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	9.87	14	29	39	48	59	192	171	147	181	226
Consolidated Net Income / (Loss)	9.87	14	29	39	48	59	192	171	147	181	226
Net Income / (Loss) Continuing Operations	9.87	14	29	39	48	59	192	171	147	181	226
Total Pre-Tax Income	17	23	31	48	60	77	253	226	197	240	301
Total Operating Income	30	38	46	64	74	86	258	232	198	239	299
Total Gross Profit	173	190	208	251	276	295	575	611	614	717	858
Total Revenue	569	630	678	777	846	893	1,488	1,658	1,667	1,911	2,254
Operating Revenue	569	630	678	777	846	893	1,488	1,658	1,667	1,911	2,254
Total Cost of Revenue	396	440	470	525	569	599	913	1,047	1,053	1,194	1,396
Operating Cost of Revenue	396	440	470	525	569	599	913	1,047	1,053	1,194	1,396
Total Operating Expenses	143	152	162	187	203	209	317	379	416	478	559
Selling, General & Admin Expense	142	152	162	187	203	209	317	379	416	478	559
Total Other Income / (Expense), net	-13	-15	-15	-16	-13	-9.08	-5.75	-5.91	-0.84	0.77	1.44
Interest & Investment Income	-	-	-15	-16	-13	-9.44	-5.78	-5.88	-2.24	-1.50	-1.53
Other Income / (Expense), net	-	0.00	0.00	0.01	-0.05	0.37	0.04	-0.03	1.40	2.26	2.97
Income Tax Expense	7.44	8.92	2.30	8.97	12	18	60	55	50	59	75
Basic Earnings per Share	$0.38	$0.54	$1.08	$1.39	$1.68	$2.05	$6.51	$5.72	$4.87	$5.93	$7.40
Weighted Average Basic Shares Outstanding	26.17M	26.46M	26.74M	28.09M	28.58M	28.93M	29.56M	29.81M	30.17M	30.52M	30.51M
Diluted Earnings per Share	$0.37	$0.53	$1.05	$1.35	$1.64	$2.01	$6.33	$5.62	$4.80	$5.88	$7.35
Weighted Average Diluted Shares Outstanding	26.96M	26.94M	27.53M	28.81M	29.22M	29.48M	30.39M	30.37M	30.61M	30.77M	30.74M
Weighted Average Basic & Diluted Shares Outstanding	26M	26.30M	26.70M	28.10M	28.81M	29.25M	29.74M	29.91M	30.40M	30.59M	30.35M

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	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	28	56	29	39	29	75	38	53	42	86	44
Consolidated Net Income / (Loss)	28	56	29	39	29	75	38	53	42	86	44
Net Income / (Loss) Continuing Operations	28	56	29	39	29	75	38	53	42	86	44
Total Pre-Tax Income	38	75	39	50	41	99	50	71	57	115	58
Total Operating Income	39	75	38	50	40	99	50	71	56	115	57
Total Gross Profit	134	199	139	157	153	239	169	197	184	281	196
Total Revenue	374	520	388	423	426	608	454	504	505	706	539
Operating Revenue	374	520	388	423	426	608	454	504	505	706	539
Total Cost of Revenue	241	321	249	267	273	369	285	307	321	424	343
Operating Cost of Revenue	241	321	249	267	273	369	285	307	321	424	343
Total Operating Expenses	95	124	101	107	113	139	119	127	128	166	139
Selling, General & Admin Expense	95	124	101	107	113	139	119	127	128	166	139
Total Other Income / (Expense), net	-0.51	-0.17	0.64	0.25	0.57	-0.31	0.26	0.57	0.50	-0.03	0.40
Interest & Investment Income	-0.46	-0.52	-0.23	-0.35	-0.38	-0.42	-0.35	-0.34	-0.40	-0.44	-0.35
Other Income / (Expense), net	-0.05	0.35	0.87	0.60	0.95	0.11	0.61	0.91	0.91	0.41	0.75
Income Tax Expense	10	19	9.45	12	11	24	12	18	15	29	13
Basic Earnings per Share	$0.92	$1.84	$0.97	$1.28	$0.96	$2.46	$1.23	$1.75	$1.38	$2.82	$1.45
Weighted Average Basic Shares Outstanding	30.14M	30.29M	30.17M	30.43M	30.51M	30.56M	30.52M	30.60M	30.54M	30.47M	30.51M
Diluted Earnings per Share	$0.90	$1.81	$0.96	$1.26	$0.95	$2.43	$1.24	$1.74	$1.37	$2.79	$1.45
Weighted Average Diluted Shares Outstanding	30.63M	30.65M	30.61M	30.82M	30.90M	30.90M	30.77M	30.75M	30.75M	30.73M	30.74M
Weighted Average Basic & Diluted Shares Outstanding	30.28M	30.30M	30.40M	30.50M	30.53M	30.59M	30.59M	30.56M	30.48M	30.42M	30.35M

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	3/28/2026
Net Change in Cash & Equivalents	5.75	0.84	0.98	7.60	53	3.59	-52	-2.48	58	-6.08	71
Net Cash From Operating Activities	33	41	44	63	25	156	89	89	236	148	305
Net Cash From Continuing Operating Activities	33	41	44	63	25	156	89	89	234	148	305
Net Income / (Loss) Continuing Operations	9.87	14	29	39	48	59	192	171	147	181	226
Consolidated Net Income / (Loss)	9.87	14	29	39	48	59	192	171	147	181	226
Depreciation Expense	11	15	16	18	21	24	27	36	50	62	79
Amortization Expense	4.31	3.30	2.33	1.88	32	35	41	48	0.16	0.13	0.11
Non-Cash Adjustments To Reconcile Net Income	-0.35	4.52	4.94	3.64	-25	-26	-28	-19	36	30	59
Changes in Operating Assets and Liabilities, net	7.62	4.58	-7.94	0.47	-51	63	-144	-146	1.83	-126	-59
Net Cash From Investing Activities	-183	-24	-24	-32	-40	-28	-60	-125	-119	-148	-179
Net Cash From Continuing Investing Activities	-183	-24	-24	-32	-40	-28	-60	-125	-119	-148	-179
Purchase of Property, Plant & Equipment	-36	-22	-24	-28	-37	-28	-60	-125	-119	-148	-179
Acquisitions	-147	-1.31	0.00	-4.42	-3.69	-	-	-	0.00	0.00	-0.30
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	0.00	0.00	0.06	0.06
Net Cash From Financing Activities	155	-17	-20	-24	68	-124	-81	33	-60	-5.38	-55
Net Cash From Continuing Financing Activities	155	-17	-20	-24	68	-124	-81	33	-60	-5.38	-55
Repayment of Debt	-52	-2.38	-11	-11	-67	-0.67	-112	-0.84	-0.86	-0.87	-0.95
Repurchase of Common Equity	-	-	-	-	-	-	-	-	0.00	0.00	-50
Issuance of Debt	201	-16	-12	-21	130	-130	29	37	-66	0.00	0.00
Other Financing Activities, net	6.32	1.21	3.57	7.66	4.67	6.65	2.86	-3.49	7.26	-4.51	-3.88
Cash Interest Paid	10	14	14	15	12	8.80	3.81	5.84	2.39	1.38	1.40
Cash Income Taxes Paid	3.30	4.19	0.61	0.65	13	11	42	60	57	60	62

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	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	3/28/2026
Net Change in Cash & Equivalents	22	69	-31	7.54	-46	116	-83	26	-31	135	-59
Net Cash From Operating Activities	75	95	-4.38	41	-7.77	157	-43	74	26	210	-4.38
Net Cash From Continuing Operating Activities	75	95	-6.38	41	-7.77	157	-43	74	26	210	-4.38
Net Income / (Loss) Continuing Operations	28	56	29	39	29	75	38	53	42	86	44
Consolidated Net Income / (Loss)	28	56	29	39	29	75	38	53	42	86	44
Depreciation Expense	12	13	14	14	15	16	17	18	19	20	22
Amortization Expense	13	14	55	0.04	16	17	18	18	-18	0.03	0.03
Non-Cash Adjustments To Reconcile Net Income	-7.09	-8.68	-44	11	-4.69	-19	-9.34	-1.95	47	-7.04	21
Changes in Operating Assets and Liabilities, net	29	21	-61	-23	-64	67	-106	-13	-65	111	-92
Net Cash From Investing Activities	-35	-27	-27	-27	-38	-43	-40	-31	-44	-62	-42
Net Cash From Continuing Investing Activities	-35	-27	-27	-27	-38	-43	-40	-31	-44	-62	-42
Purchase of Property, Plant & Equipment	-35	-27	-27	-27	-38	-43	-40	-31	-43	-62	-42
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	-	-	0.03	0.02
Net Cash From Financing Activities	-18	0.11	0.55	-6.71	0.10	1.30	-0.07	-17	-13	-13	-13
Net Cash From Continuing Financing Activities	-18	0.11	0.55	-6.71	0.10	1.30	-0.07	-17	-13	-13	-13
Repayment of Debt	-0.22	-0.23	-0.21	-0.21	-0.21	-0.22	-0.23	-0.23	-0.23	-0.26	-0.23
Repurchase of Common Equity	-	-	-	0.00	-	-	-	-13	-13	-13	-13
Other Financing Activities, net	8.13	0.34	0.75	-6.49	0.31	1.52	0.16	-4.11	-0.07	0.11	0.20
Cash Interest Paid	0.25	0.53	0.45	0.32	0.36	0.37	0.33	0.31	0.31	0.40	0.38
Cash Income Taxes Paid	2.18	43	12	0.58	17	11	31	0.59	29	13	20

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	3/28/2026
Total Assets	539	566	588	636	925	934	1,200	1,517	1,706	2,018	2,450
Total Current Assets	203	224	241	277	385	374	542	669	730	864	1,034
Cash & Equivalents	7.20	8.04	9.02	17	70	73	21	18	76	70	141
Accounts Receivable	4.13	4.35	4.39	8.10	12	13	9.66	13	9.96	10	15
Inventories, net	176	189	211	241	289	276	474	589	599	747	845
Prepaid Expenses	16	23	16	12	14	13	37	48	45	37	33
Plant, Property, & Equipment, net	76	83	89	99	110	110	155	257	324	422	514
Total Noncurrent Assets	260	259	258	260	430	449	503	591	652	732	902
Goodwill	193	193	193	196	198	198	198	198	198	198	198
Intangible Assets	65	65	63	63	61	61	61	61	59	59	59
Other Noncurrent Operating Assets	2.08	0.96	1.13	1.37	172	190	244	333	396	476	645
Total Liabilities & Shareholders' Equity	539	566	588	636	925	934	1,200	1,517	1,706	2,018	2,450
Total Liabilities	378	386	373	372	603	539	600	741	762	887	1,131
Total Current Liabilities	152	148	151	152	313	222	336	375	313	353	391
Accounts Payable	67	77	90	105	95	105	131	134	133	134	142
Accrued Expenses	36	36	40	47	53	78	133	123	116	146	159
Other Current Liabilities	-	-	-	0.00	35	39	43	52	63	73	90
Total Noncurrent Liabilities	226	238	222	220	290	317	264	366	449	534	740
Noncurrent Deferred & Payable Income Tax Liabilities	12	21	13	17	20	22	27	33	42	39	52
Other Noncurrent Operating Liabilities	12	18	19	22	162	185	237	333	407	494	689
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	161	180	215	264	322	395	600	776	944	1,131	1,319
Total Preferred & Common Equity	161	180	215	264	322	395	600	776	944	1,131	1,319
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	161	180	215	264	322	395	600	776	944	1,131	1,319
Common Stock	138	142	148	159	169	184	199	210	233	247	263
Retained Earnings	24	38	67	106	154	213	405	576	723	904	1,130
Treasury Stock	0.00	-0.07	-0.19	-0.67	-1.20	-1.95	-4.86	-9.55	-	-20	-74

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	30,420,431.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	30,420,431.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	7.43
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	41.31%	10.68%	7.64%	14.59%	8.85%	5.67%	66.57%	11.38%	0.57%	14.64%	17.93%
EBITDA Growth	-4.87%	20.97%	16.00%	30.79%	50.41%	14.89%	123.97%	-18.07%	13.67%	48.89%	25.20%
EBIT Growth	-14.80%	25.08%	22.31%	39.07%	14.45%	17.75%	198.04%	-10.30%	-13.87%	21.04%	25.04%
NOPAT Growth	-21.37%	34.75%	84.48%	22.06%	11.99%	13.31%	196.59%	-11.08%	-15.65%	22.18%	24.63%
Net Income Growth	-28.13%	43.87%	103.42%	35.12%	22.88%	23.85%	224.07%	-11.38%	-13.81%	23.09%	24.84%
EPS Growth	-31.48%	43.24%	98.11%	28.57%	21.48%	22.56%	214.93%	-11.22%	-14.59%	22.50%	25.00%
Operating Cash Flow Growth	186.14%	24.97%	7.41%	43.12%	-59.98%	515.88%	-43.01%	0.03%	165.60%	-37.50%	106.66%
Free Cash Flow Firm Growth	-5,943.13%	114.44%	38.07%	30.48%	-109.61%	3,306.82%	-83.48%	-300.64%	349.50%	-112.61%	926.35%
Invested Capital Growth	75.46%	0.14%	2.85%	2.75%	14.58%	-12.12%	40.79%	35.68%	5.28%	22.30%	10.96%
Revenue Q/Q Growth	1.57%	8.80%	1.16%	2.91%	-0.49%	8.53%	9.12%	2.62%	-2.18%	3.54%	3.92%
EBITDA Q/Q Growth	-2.75%	3.80%	5.60%	7.36%	1.52%	19.99%	22.89%	-11.92%	13.06%	4.80%	-12.50%
EBIT Q/Q Growth	-5.62%	5.76%	7.48%	8.84%	-8.57%	36.82%	12.81%	0.27%	-10.65%	4.85%	2.61%
NOPAT Q/Q Growth	-10.16%	9.71%	12.92%	2.42%	-5.54%	37.52%	10.61%	1.38%	-11.11%	4.88%	3.11%
Net Income Q/Q Growth	0.50%	-0.50%	17.34%	4.95%	-5.83%	46.40%	11.70%	1.00%	-10.35%	4.69%	3.15%
EPS Q/Q Growth	-5.13%	-1.85%	16.67%	3.05%	-5.20%	45.65%	11.05%	1.26%	-10.61%	5.00%	2.94%
Operating Cash Flow Q/Q Growth	-29.32%	-9.41%	-3.13%	0.15%	-47.75%	48.33%	-53.20%	707.07%	-2.57%	-20.81%	14.57%
Free Cash Flow Firm Q/Q Growth	0.00%	-13.80%	-0.40%	-1.89%	-115.89%	68.47%	-84.62%	67.06%	3.93%	-134.45%	49.21%
Invested Capital Q/Q Growth	8.23%	9.89%	11.05%	11.31%	16.27%	9.01%	38.53%	11.71%	7.96%	13.18%	8.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.44%	30.15%	30.67%	32.37%	32.70%	33.00%	38.64%	36.83%	36.86%	37.52%	38.08%
EBITDA Margin	8.09%	8.84%	9.53%	10.87%	15.02%	16.34%	21.96%	16.16%	18.26%	19.42%	16.90%
Operating Margin	5.31%	6.00%	6.82%	8.28%	8.71%	9.66%	17.36%	13.98%	11.89%	12.52%	13.27%
EBIT Margin	5.31%	6.00%	6.82%	8.28%	8.71%	9.70%	17.36%	13.98%	11.97%	12.64%	13.40%
Profit (Net Income) Margin	1.73%	2.25%	4.26%	5.02%	5.67%	6.65%	12.93%	10.29%	8.82%	9.47%	10.02%
Tax Burden Percent	57.00%	61.41%	92.62%	81.30%	79.50%	76.88%	76.19%	75.51%	74.48%	75.36%	75.15%
Interest Burden Percent	57.26%	61.13%	67.41%	74.61%	81.92%	89.11%	97.76%	97.46%	98.88%	99.38%	99.49%
Effective Tax Rate	43.00%	38.59%	7.38%	18.70%	20.50%	23.12%	23.81%	24.49%	25.52%	24.64%	24.85%
Return on Invested Capital (ROIC)	5.42%	5.73%	10.42%	12.37%	12.74%	14.39%	37.89%	24.45%	17.45%	18.70%	20.08%
ROIC Less NNEP Spread (ROIC-NNEP)	0.98%	1.88%	3.89%	5.13%	6.37%	7.61%	18.22%	8.43%	21.93%	17.91%	19.05%
Return on Net Nonoperating Assets (RNNOA)	1.07%	2.59%	4.22%	3.93%	3.63%	2.19%	0.82%	0.34%	-0.36%	-1.26%	-1.64%
Return on Equity (ROE)	6.49%	8.32%	14.64%	16.30%	16.37%	16.57%	38.70%	24.79%	17.09%	17.44%	18.44%
Cash Return on Invested Capital (CROIC)	-49.37%	5.59%	7.61%	9.66%	-0.85%	27.29%	4.00%	-5.83%	12.31%	-1.36%	9.69%
Operating Return on Assets (OROA)	6.99%	6.85%	8.02%	10.51%	9.43%	9.33%	24.22%	17.06%	12.39%	12.98%	13.52%
Return on Assets (ROA)	2.28%	2.57%	5.01%	6.38%	6.14%	6.39%	18.04%	12.55%	9.12%	9.72%	10.11%
Return on Common Equity (ROCE)	6.49%	8.32%	14.64%	16.30%	16.37%	16.57%	38.70%	24.79%	17.09%	17.44%	18.44%
Return on Equity Simple (ROE_SIMPLE)	6.11%	7.89%	13.46%	14.77%	14.91%	15.04%	32.09%	21.97%	15.58%	16.00%	0.00%
Net Operating Profit after Tax (NOPAT)	17	23	43	52	59	66	197	175	148	180	225
NOPAT Margin	3.03%	3.69%	6.32%	6.73%	6.93%	7.43%	13.23%	10.56%	8.86%	9.44%	9.97%
Net Nonoperating Expense Percent (NNEP)	4.44%	3.85%	6.52%	7.24%	6.36%	6.77%	19.67%	16.01%	-4.48%	0.79%	1.03%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	15.95%	17.05%
Cost of Revenue to Revenue	69.56%	69.85%	69.33%	67.63%	67.30%	67.00%	61.36%	63.17%	63.14%	62.48%	61.92%
SG&A Expenses to Revenue	24.97%	24.14%	23.85%	24.09%	23.99%	23.34%	21.28%	22.85%	24.97%	25.00%	24.81%
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	25.13%	24.14%	23.85%	24.09%	23.99%	23.34%	21.28%	22.85%	24.97%	25.00%	24.81%
Earnings before Interest and Taxes (EBIT)	30	38	46	64	74	87	258	232	200	242	302
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	46	56	65	84	127	146	327	268	304	371	381
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.52	1.46	2.24	3.16	1.20	4.65	4.78	2.94	3.06	2.82	3.44
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	152.72	6.09	13.45	8.39	4.41	4.19	3.64	4.27
Price to Revenue (P/Rev)	0.43	0.42	0.71	1.07	0.45	2.05	1.92	1.38	1.73	1.67	2.01
Price to Earnings (P/E)	24.94	18.49	16.65	21.37	8.02	30.92	14.88	13.40	19.61	17.61	20.10
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	4.01%	5.41%	6.01%	4.68%	12.46%	3.23%	6.72%	7.46%	5.10%	5.68%	4.98%
Enterprise Value to Invested Capital (EV/IC)	1.21	1.20	1.64	2.33	1.13	4.34	4.73	2.83	3.24	2.94	3.74
Enterprise Value to Revenue (EV/Rev)	0.86	0.78	1.01	1.29	0.66	2.10	1.93	1.41	1.68	1.63	1.95
Enterprise Value to EBITDA (EV/EBITDA)	10.64	8.77	10.58	11.82	4.36	12.83	8.79	8.71	9.22	8.40	11.55
Enterprise Value to EBIT (EV/EBIT)	16.19	12.91	14.77	15.52	7.53	21.60	11.12	10.07	14.06	12.90	14.56
Enterprise Value to NOPAT (EV/NOPAT)	28.41	21.02	15.95	19.09	9.46	28.22	14.59	13.33	19.02	17.28	19.57
Enterprise Value to Operating Cash Flow (EV/OCF)	14.87	11.86	15.46	15.78	21.88	12.01	32.32	26.25	11.89	21.13	14.43
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	21.54	21.84	24.45	0.00	14.88	138.07	0.00	26.96	0.00	40.55
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.55	1.30	0.99	0.69	0.74	0.28	0.05	0.09	0.00	0.00	0.00
Long-Term Debt to Equity	1.24	1.11	0.89	0.69	0.34	0.28	0.00	0.00	0.00	0.00	0.00
Financial Leverage	1.09	1.37	1.09	0.77	0.57	0.29	0.04	0.04	-0.02	-0.07	-0.09
Leverage Ratio	2.85	3.24	2.92	2.56	2.66	2.59	2.15	1.97	1.87	1.79	1.82
Compound Leverage Factor	1.63	1.98	1.97	1.91	2.18	2.31	2.10	1.92	1.85	1.78	1.81
Debt to Total Capital	60.82%	56.50%	49.64%	40.66%	42.62%	21.75%	4.54%	7.84%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	12.09%	8.30%	4.93%	0.00%	23.17%	0.00%	4.54%	7.84%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	48.73%	48.20%	44.71%	40.66%	19.45%	21.75%	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	39.18%	43.50%	50.36%	59.34%	57.38%	78.25%	95.46%	92.16%	100.00%	100.00%	100.00%
Debt to EBITDA	5.45	4.20	3.28	2.14	1.88	0.75	0.09	0.25	0.00	0.00	0.00
Net Debt to EBITDA	5.29	4.05	3.14	1.95	1.33	0.25	0.02	0.18	0.00	0.00	0.00
Long-Term Debt to EBITDA	4.36	3.58	2.95	2.14	0.86	0.75	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	14.55	10.06	4.94	3.46	4.08	1.65	0.15	0.38	0.00	0.00	0.00
Net Debt to NOPAT	14.13	9.72	4.73	3.14	2.89	0.55	0.04	0.27	0.00	0.00	0.00
Long-Term Debt to NOPAT	11.65	8.58	4.45	3.46	1.86	1.65	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	1.81	2.00	2.53	3.37	1.89	3.82	5.49	4.21	4.52	4.43	4.70
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	1.33	1.52	1.60	1.83	1.23	1.69	1.61	1.79	2.33	2.45	2.65
Quick Ratio	0.07	0.08	0.09	0.16	0.26	0.39	0.09	0.08	0.27	0.23	0.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-157	23	31	41	-3.93	126	21	-42	104	-13	108
Operating Cash Flow to CapEx	91.15%	184.59%	181.01%	229.83%	68.07%	548.56%	147.02%	71.38%	198.75%	99.53%	170.81%
Free Cash Flow to Firm to Interest Expense	-12.14	1.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	2.55	2.80	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	-0.25	1.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.32	1.14	1.18	1.27	1.08	0.96	1.40	1.22	1.03	1.03	1.01
Accounts Receivable Turnover	142.36	148.45	155.08	124.46	83.80	71.89	132.68	145.36	144.27	188.97	176.59
Inventory Turnover	2.59	2.41	2.35	2.32	2.15	2.12	2.44	1.97	1.77	1.77	1.75
Fixed Asset Turnover	10.72	7.93	7.89	8.27	8.12	8.12	11.20	8.04	5.74	5.13	4.82
Accounts Payable Turnover	7.12	6.11	5.61	5.39	5.68	5.99	7.74	7.88	7.88	8.93	10.09
Days Sales Outstanding (DSO)	2.56	2.46	2.35	2.93	4.36	5.08	2.75	2.51	2.53	1.93	2.07
Days Inventory Outstanding (DIO)	140.93	151.59	155.53	157.07	169.79	172.09	149.90	185.42	206.09	205.77	208.17
Days Payable Outstanding (DPO)	51.27	59.75	65.01	67.70	64.23	60.97	47.17	46.30	46.31	40.86	36.17
Cash Conversion Cycle (CCC)	92.22	94.30	92.87	92.30	109.92	116.20	105.48	141.63	162.30	166.84	174.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	405	406	417	429	491	432	608	824	868	1,061	1,178
Invested Capital Turnover	1.79	1.55	1.65	1.84	1.84	1.94	2.86	2.32	1.97	1.98	2.01
Increase / (Decrease) in Invested Capital	174	0.56	12	11	62	-60	176	217	43	193	116
Enterprise Value (EV)	490	488	683	998	554	1,873	2,872	2,333	2,807	3,117	4,399
Market Capitalization	246	263	481	834	385	1,836	2,864	2,285	2,883	3,187	4,540
Book Value per Share	$6.13	$6.78	$7.91	$9.32	$11.18	$13.61	$20.21	$26.04	$31.14	$36.97	$43.35
Tangible Book Value per Share	($3.66)	($2.93)	($1.54)	$0.19	$2.20	$4.71	$11.51	$17.38	$22.69	$28.60	$34.92
Total Capital	412	414	426	445	561	505	628	842	944	1,131	1,319
Total Debt	251	234	212	181	239	110	29	66	0.00	0.00	0.00
Total Long-Term Debt	201	199	191	181	109	110	0.00	0.00	0.00	0.00	0.00
Net Debt	244	226	202	164	169	37	7.88	48	-76	-70	-141
Capital Expenditures (CapEx)	36	22	24	28	37	28	60	125	119	148	179
Debt-free, Cash-free Net Working Capital (DFCFNWC)	94	103	102	109	132	80	213	342	341	441	502
Debt-free Net Working Capital (DFNWC)	101	111	111	125	202	153	234	360	417	511	643
Net Working Capital (NWC)	51	77	90	125	72	153	205	294	417	511	643
Net Nonoperating Expense (NNE)	7.37	9.03	14	13	11	6.98	4.38	4.46	0.63	-0.58	-1.09
Net Nonoperating Obligations (NNO)	244	226	202	164	169	37	7.88	48	-76	-70	-141
Total Depreciation and Amortization (D&A)	16	18	18	20	53	59	69	36	105	130	79
Debt-free, Cash-free Net Working Capital to Revenue	16.44%	16.32%	15.06%	14.00%	15.65%	8.91%	14.33%	20.64%	20.46%	23.07%	22.29%
Debt-free Net Working Capital to Revenue	17.71%	17.60%	16.39%	16.14%	23.88%	17.10%	15.72%	21.74%	25.01%	26.72%	28.55%
Net Working Capital to Revenue	8.95%	12.15%	13.29%	16.14%	8.52%	17.10%	13.80%	17.76%	25.01%	26.72%	28.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.38	$0.54	$1.08	$1.39	$1.68	$0.00	$6.51	$5.72	$4.87	$5.93	$7.40
Adjusted Weighted Average Basic Shares Outstanding	26.17M	26.46M	26.74M	28.09M	28.58M	0.00	29.56M	29.81M	30.17M	30.52M	30.51M
Adjusted Diluted Earnings per Share	$0.37	$0.53	$1.05	$1.35	$1.64	$0.00	$6.33	$5.62	$4.80	$5.88	$7.35
Adjusted Weighted Average Diluted Shares Outstanding	26.96M	26.94M	27.53M	28.81M	29.22M	0.00	30.39M	30.37M	30.61M	30.77M	30.74M
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	26.41M	26.59M	27.48M	28.36M	28.81M	0.00	29.74M	29.91M	30.40M	30.59M	30.35M
Normalized Net Operating Profit after Tax (NOPAT)	18	23	43	52	59	66	197	175	148	180	225
Normalized NOPAT Margin	3.12%	3.69%	6.32%	6.73%	6.93%	7.43%	13.23%	10.56%	8.86%	9.44%	9.97%
Pre Tax Income Margin	3.04%	3.67%	4.60%	6.18%	7.13%	8.65%	16.97%	13.63%	11.84%	12.56%	13.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.34	2.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	1.33	1.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-0.46	1.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-1.46	0.06	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%	22.14%

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	30,420,431.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	30,420,431.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.46
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.52%	1.14%	-8.74%	10.34%	13.71%	16.87%	16.81%	19.06%	18.69%	16.03%	18.73%
EBITDA Growth	52.78%	25.48%	48.28%	15.38%	13.49%	29.56%	575.98%	64.46%	4.71%	16.78%	18.82%
EBIT Growth	-12.73%	4.05%	-37.81%	9.36%	6.23%	31.89%	28.58%	40.96%	40.07%	15.68%	15.26%
NOPAT Growth	-15.18%	2.45%	-38.96%	11.09%	3.44%	35.06%	28.97%	36.83%	44.22%	13.99%	18.17%
Net Income Growth	-13.65%	5.40%	-36.57%	13.59%	6.32%	34.95%	27.51%	37.26%	43.48%	14.31%	18.38%
EPS Growth	-15.09%	4.02%	-37.25%	11.50%	5.56%	34.25%	29.17%	38.10%	44.21%	14.81%	16.94%
Operating Cash Flow Growth	305.28%	-36.32%	-338.38%	-41.65%	-110.41%	65.42%	-885.32%	78.77%	431.25%	33.44%	89.85%
Free Cash Flow Firm Growth	105.57%	95.86%	91.41%	58.80%	-985.89%	-477.77%	-973.75%	-237.83%	12.57%	-1.54%	53.76%
Invested Capital Growth	1.58%	8.93%	5.28%	9.19%	20.35%	16.66%	22.30%	19.77%	16.46%	15.50%	10.96%
Revenue Q/Q Growth	-2.41%	38.97%	-25.35%	8.99%	0.57%	42.83%	-25.39%	11.09%	0.26%	39.62%	-23.65%
EBITDA Q/Q Growth	-8.97%	60.51%	73.53%	-24.99%	-10.46%	83.24%	-36.32%	26.51%	-45.02%	129.78%	-41.18%
EBIT Q/Q Growth	-17.09%	95.96%	-48.19%	29.92%	-19.46%	143.29%	-49.49%	42.42%	-19.97%	100.92%	-49.67%
NOPAT Q/Q Growth	-19.52%	98.73%	-48.07%	33.73%	-25.06%	159.49%	-50.41%	41.88%	-21.01%	105.10%	-48.59%
Net Income Q/Q Growth	-19.19%	100.95%	-47.08%	32.17%	-24.37%	155.08%	-49.99%	42.27%	-20.94%	103.24%	-48.21%
EPS Q/Q Growth	-20.35%	101.11%	-46.96%	31.25%	-24.60%	155.79%	-48.97%	40.32%	-21.26%	103.65%	-48.03%
Operating Cash Flow Q/Q Growth	5.45%	27.25%	-104.61%	1,043.39%	-118.81%	2,122.72%	-127.46%	271.16%	-65.15%	714.84%	-102.09%
Free Cash Flow Firm Q/Q Growth	117.21%	-165.78%	-43.43%	-153.76%	-270.00%	57.10%	-166.55%	20.16%	4.25%	50.17%	-21.38%
Invested Capital Q/Q Growth	-1.10%	-1.22%	7.96%	3.53%	9.00%	-4.25%	13.18%	1.39%	5.99%	-5.04%	8.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.76%	38.26%	35.90%	37.02%	35.90%	39.28%	37.15%	39.13%	36.44%	39.86%	36.33%
EBITDA Margin	17.07%	19.72%	27.81%	19.14%	17.04%	21.86%	18.66%	21.25%	11.65%	19.17%	14.77%
Operating Margin	10.30%	14.44%	9.85%	11.86%	9.39%	16.35%	10.95%	14.03%	11.16%	16.27%	10.62%
EBIT Margin	10.29%	14.51%	10.07%	12.00%	9.61%	16.37%	11.08%	14.21%	11.34%	16.32%	10.76%
Profit (Net Income) Margin	7.39%	10.69%	7.58%	9.19%	6.91%	12.34%	8.27%	10.60%	8.35%	12.16%	8.25%
Tax Burden Percent	72.72%	74.19%	75.71%	77.10%	72.58%	75.70%	75.16%	74.92%	74.17%	74.78%	77.12%
Interest Burden Percent	98.80%	99.31%	99.41%	99.31%	99.06%	99.58%	99.31%	99.52%	99.30%	99.62%	99.40%
Effective Tax Rate	27.28%	25.81%	24.29%	22.90%	27.42%	24.30%	24.84%	25.08%	25.83%	25.22%	22.88%
Return on Invested Capital (ROIC)	15.76%	23.69%	14.69%	18.14%	13.36%	26.25%	16.31%	21.21%	16.18%	26.11%	16.49%
ROIC Less NNEP Spread (ROIC-NNEP)	14.92%	23.94%	11.22%	17.63%	12.29%	26.42%	16.04%	20.73%	15.45%	26.12%	16.20%
Return on Net Nonoperating Assets (RNNOA)	0.86%	-1.44%	-0.18%	-0.73%	-0.50%	-3.43%	-1.13%	-1.72%	-0.71%	-3.89%	-1.39%
Return on Equity (ROE)	16.62%	22.25%	14.50%	17.41%	12.86%	22.81%	15.18%	19.49%	15.47%	22.23%	15.10%
Cash Return on Invested Capital (CROIC)	18.84%	13.00%	12.31%	8.82%	-1.46%	4.38%	-1.36%	1.72%	4.36%	7.19%	9.69%
Operating Return on Assets (OROA)	11.41%	15.52%	10.42%	12.49%	9.81%	16.40%	11.38%	14.63%	11.40%	16.05%	10.86%
Return on Assets (ROA)	8.19%	11.44%	7.84%	9.56%	7.05%	12.36%	8.49%	10.91%	8.39%	11.96%	8.32%
Return on Common Equity (ROCE)	16.62%	22.25%	14.50%	17.41%	12.86%	22.81%	15.18%	19.49%	15.47%	22.23%	15.10%
Return on Equity Simple (ROE_SIMPLE)	18.90%	18.00%	0.00%	15.45%	15.09%	15.85%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	28	56	29	39	29	75	37	53	42	86	44
NOPAT Margin	7.49%	10.71%	7.45%	9.15%	6.81%	12.38%	8.23%	10.51%	8.28%	12.16%	8.19%
Net Nonoperating Expense Percent (NNEP)	0.84%	-0.26%	3.47%	0.51%	1.08%	-0.18%	0.27%	0.48%	0.73%	-0.01%	0.29%
Return On Investment Capital (ROIC_SIMPLE)	-	6.12%	-	-	-	6.90%	3.30%	4.52%	3.47%	6.69%	3.35%
Cost of Revenue to Revenue	64.24%	61.74%	64.10%	62.98%	64.10%	60.72%	62.85%	60.87%	63.56%	60.14%	63.67%
SG&A Expenses to Revenue	25.46%	23.82%	26.05%	25.16%	26.51%	22.92%	26.20%	25.10%	25.27%	23.59%	25.71%
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	25.46%	23.82%	26.05%	25.16%	26.51%	22.92%	26.20%	25.10%	25.27%	23.59%	25.71%
Earnings before Interest and Taxes (EBIT)	39	75	39	51	41	100	50	72	57	115	58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	64	103	108	81	73	133	85	107	59	135	80
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.86	2.55	3.06	3.99	4.95	4.39	2.82	4.04	4.29	4.42	3.44
Price to Tangible Book Value (P/TBV)	4.10	3.56	4.19	5.40	6.62	5.73	3.64	5.17	5.45	5.52	4.27
Price to Revenue (P/Rev)	1.43	1.36	1.73	2.30	2.87	2.59	1.67	2.37	2.50	2.61	2.01
Price to Earnings (P/E)	15.11	14.18	19.61	25.84	32.83	27.67	17.61	24.19	24.82	25.89	20.10
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	6.62%	7.05%	5.10%	3.87%	3.05%	3.61%	5.68%	4.13%	4.03%	3.86%	4.98%
Enterprise Value to Invested Capital (EV/IC)	2.94	2.76	3.24	4.27	5.11	4.94	2.94	4.31	4.48	5.05	3.74
Enterprise Value to Revenue (EV/Rev)	1.41	1.30	1.68	2.25	2.84	2.51	1.63	2.33	2.46	2.52	1.95
Enterprise Value to EBITDA (EV/EBITDA)	8.30	7.16	9.22	12.17	15.44	13.07	8.40	11.21	12.28	12.57	11.55
Enterprise Value to EBIT (EV/EBIT)	10.87	9.93	14.06	18.81	24.23	20.09	12.90	17.65	18.31	18.58	14.56
Enterprise Value to NOPAT (EV/NOPAT)	14.55	13.35	19.02	25.32	32.80	26.92	17.28	23.80	24.61	25.09	19.57
Enterprise Value to Operating Cash Flow (EV/OCF)	8.08	9.15	11.89	18.57	40.27	24.85	21.13	25.73	23.90	20.55	14.43
Enterprise Value to Free Cash Flow (EV/FCFF)	15.75	22.13	26.96	50.55	0.00	121.51	0.00	272.95	110.39	75.24	40.55
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
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
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	0.06	-0.06	-0.02	-0.04	-0.04	-0.13	-0.07	-0.08	-0.05	-0.15	-0.09
Leverage Ratio	2.01	1.94	1.87	1.83	1.84	1.84	1.79	1.80	1.86	1.86	1.82
Compound Leverage Factor	1.98	1.93	1.86	1.81	1.83	1.83	1.78	1.79	1.84	1.85	1.81
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%
Short-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%
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	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
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
Net 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
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	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	4.00	3.86	4.21	4.92	5.45	5.09	4.12	5.10	4.87	5.05	4.37
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	2.05	2.14	2.33	2.34	2.25	2.20	2.45	2.53	2.35	2.40	2.65
Quick Ratio	0.15	0.34	0.27	0.28	0.13	0.40	0.23	0.29	0.18	0.49	0.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	15	-10	-15	-37	-137	-59	-156	-125	-119	-59	-72
Operating Cash Flow to CapEx	214.58%	357.00%	-15.93%	152.63%	-20.27%	365.81%	-108.05%	234.73%	59.53%	339.85%	-10.40%
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	1.11	1.07	1.03	1.04	1.02	1.00	1.03	1.03	1.00	0.98	1.01
Accounts Receivable Turnover	166.67	135.30	144.27	173.10	204.34	179.04	188.97	242.22	230.36	177.44	176.59
Inventory Turnover	1.76	1.86	1.77	1.81	1.71	1.85	1.77	1.76	1.64	1.79	1.75
Fixed Asset Turnover	6.82	6.32	5.74	5.48	5.31	5.23	5.13	5.13	4.96	4.88	4.82
Accounts Payable Turnover	6.94	7.52	7.88	8.90	7.57	8.88	8.93	8.97	7.80	9.67	10.09
Days Sales Outstanding (DSO)	2.19	2.70	2.53	2.11	1.79	2.04	1.93	1.51	1.58	2.06	2.07
Days Inventory Outstanding (DIO)	207.49	196.46	206.09	202.13	213.52	197.59	205.77	207.18	223.13	204.07	208.17
Days Payable Outstanding (DPO)	52.59	48.56	46.31	41.02	48.23	41.12	40.86	40.71	46.81	37.73	36.17
Cash Conversion Cycle (CCC)	157.09	150.61	162.30	163.22	167.08	158.51	166.84	167.97	177.90	168.39	174.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	814	804	868	898	979	938	1,061	1,076	1,141	1,083	1,178
Invested Capital Turnover	2.10	2.21	1.97	1.98	1.96	2.12	1.98	2.02	1.95	2.15	2.01
Increase / (Decrease) in Invested Capital	13	66	43	76	166	134	193	178	161	145	116
Enterprise Value (EV)	2,396	2,217	2,807	3,836	4,999	4,629	3,117	4,633	5,105	5,469	4,399
Market Capitalization	2,435	2,325	2,883	3,919	5,037	4,782	3,187	4,728	5,169	5,669	4,540
Book Value per Share	$28.42	$30.08	$31.14	$32.30	$33.33	$35.73	$36.97	$38.29	$39.44	$42.09	$43.35
Tangible Book Value per Share	$19.81	$21.55	$22.69	$23.87	$24.93	$27.33	$28.60	$29.92	$31.05	$33.68	$34.92
Total Capital	852	911	944	982	1,017	1,091	1,131	1,171	1,205	1,283	1,319
Total Debt	0.00	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	-39	-107	-76	-83	-37	-153	-70	-95	-65	-200	-141
Capital Expenditures (CapEx)	35	27	27	27	38	43	40	31	43	62	42
Debt-free, Cash-free Net Working Capital (DFCFNWC)	305	284	341	349	411	337	441	455	490	416	502
Debt-free Net Working Capital (DFNWC)	344	392	417	433	449	490	511	550	555	616	643
Net Working Capital (NWC)	344	392	417	433	449	490	511	550	555	616	643
Net Nonoperating Expense (NNE)	0.37	0.13	-0.49	-0.19	-0.41	0.23	-0.20	-0.43	-0.37	0.02	-0.31
Net Nonoperating Obligations (NNO)	-39	-107	-76	-83	-37	-153	-70	-95	-65	-200	-141
Total Depreciation and Amortization (D&A)	25	27	69	30	32	33	34	35	1.56	20	22
Debt-free, Cash-free Net Working Capital to Revenue	17.96%	16.69%	20.46%	20.48%	23.40%	18.28%	23.07%	22.83%	23.66%	19.19%	22.29%
Debt-free Net Working Capital to Revenue	20.24%	22.97%	25.01%	25.36%	25.52%	26.56%	26.72%	27.62%	26.79%	28.41%	28.55%
Net Working Capital to Revenue	20.24%	22.97%	25.01%	25.36%	25.52%	26.56%	26.72%	27.62%	26.79%	28.41%	28.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.92	$1.84	$0.97	$1.28	$0.96	$2.46	$1.23	$1.75	$1.38	$2.82	$1.45
Adjusted Weighted Average Basic Shares Outstanding	30.14M	30.29M	30.17M	30.43M	30.51M	30.56M	30.52M	30.60M	30.54M	30.47M	30.51M
Adjusted Diluted Earnings per Share	$0.90	$1.81	$0.96	$1.26	$0.95	$2.43	$1.24	$1.74	$1.37	$2.79	$1.45
Adjusted Weighted Average Diluted Shares Outstanding	30.63M	30.65M	30.61M	30.82M	30.90M	30.90M	30.77M	30.75M	30.75M	30.73M	30.74M
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	30.28M	30.30M	30.40M	30.50M	30.53M	30.59M	30.59M	30.56M	30.48M	30.42M	30.35M
Normalized Net Operating Profit after Tax (NOPAT)	28	56	29	39	29	75	37	53	42	86	44
Normalized NOPAT Margin	7.49%	10.71%	7.45%	9.15%	6.81%	12.38%	8.23%	10.51%	8.28%	12.16%	8.19%
Pre Tax Income Margin	10.17%	14.41%	10.01%	11.92%	9.52%	16.30%	11.01%	14.14%	11.26%	16.26%	10.70%
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%	22.14%

Financials Breakdown Chart

Key Financial Trends

Boot Barn’s latest quarter shows strong profitability, but cash flow and working capital were weak. In Q4 2026, revenue rose to $538.8 million, up from $453.7 million in the same quarter a year earlier, while net income increased to $44.4 million from $37.5 million. That said, operating cash flow was negative in the quarter, and the balance sheet shows a larger inventory build and higher liabilities than a year ago.

Revenue is still growing. Q4 2026 revenue increased about 19% year over year, showing continued top-line momentum.
Net income improved. Quarterly net income rose to $44.4 million from $37.5 million in Q4 2025, indicating better bottom-line performance.
Profitability remains solid. Gross profit in Q4 2026 was $195.7 million, with operating income of $57.2 million and EPS of $1.45.
Shares were relatively stable. Diluted shares outstanding in Q4 2026 were 30.7 million, only modestly higher than a year ago, which helped support EPS.
Full-year trend still looks healthy on the income statement. Revenue and earnings over the recent four-year period have generally trended higher, suggesting the business has grown meaningfully.
Inventory remains very large. Inventory was $805.5 million in Q3 2026, up from $690.3 million a year earlier. That supports growth, but it also ties up a lot of capital.
Boot Barn is still investing in the business. Capital expenditures were $42.1 million in Q4 2026, reflecting ongoing store and infrastructure investment.
The company carries a large goodwill and intangible asset base. These assets do not hurt current earnings, but they do add to the importance of sustained operating performance.
Operating cash flow turned negative in Q4 2026. Net cash from operating activities was -$4.4 million, down sharply from $209.7 million in Q3 2026 and $157.1 million in Q3 2025.
Working capital was the main drag on cash flow. Changes in operating assets and liabilities reduced cash by $91.8 million in Q4 2026, a sign of pressure from inventory and other working-capital items.
Cash balance fell sharply. Cash and equivalents dropped to $200.1 million at the end of Q3 2026 from $647.3 million at the end of Q2 2026.
Liabilities remain substantial. Total liabilities were $1.12 billion in Q3 2026, versus $1.05 billion in Q2 2026, leaving the company with a leveraged balance-sheet profile.

Bottom line: Boot Barn is still delivering strong sales and earnings growth, which is the good news for investors. The caution flag is cash generation: the latest quarter showed a steep drop in operating cash flow, a large working-capital outflow, and a meaningful decline in cash on hand. For retail investors, BOOT looks fundamentally profitable, but its near-term cash-flow trend deserves close attention.

06/03/26 12:29 PM 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 fiscal year ends in March. Their fiscal year 2026 ended on March 28, 2026.

Boot Barn's net income appears to be on an upward trend, with a most recent value of $225.88 million in 2026, rising from $9.87 million in 2016. The previous period was $180.94 million in 2025. Find out what analysts predict for Boot Barn in the coming months.

Boot Barn's total operating income in 2026 was $299.15 million, based on the following breakdown:

Total Gross Profit: $858.36 million
Total Operating Expenses: $559.21 million

Over the last 10 years, Boot Barn's total revenue changed from $569.02 million in 2016 to $2.25 billion in 2026, a change of 296.1%.

Boot Barn's total liabilities were at $1.13 billion at the end of 2026, a 27.6% increase from 2025, and a 199.4% increase since 2016.

In the past 10 years, Boot Barn's cash and equivalents has ranged from $7.20 million in 2016 to $141.04 million in 2026, and is currently $141.04 million as of their latest financial filing in 2026.

Over the last 10 years, Boot Barn's book value per share changed from 6.13 in 2016 to 43.35 in 2026, a change of 607.3%.

Related Companies

Financial statements for NYSE:BOOT last updated on 5/18/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Boot Barn (BOOT) Financials

Financials Breakdown Chart

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Boot Barn Financials - Frequently Asked Questions

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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

Annual Balance Sheets for Boot Barn

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 financial 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?

How much cash does Boot Barn have?

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

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