Boot Barn Holdings, Inc. BOOT R2K

Consumer Cyclical · Apparel Retail · United States

https://www.bootbarn.com

Boot Barn Holdings, Inc. operates specialty retail stores in the United States and internationally. The company's lifestyle retail chain engages in the sale of western and work-related footwear, apparel and accessories for men, women, and kids. It offers denim, western shirts, cowboy hats, belts and belt buckles, rugged footwear, outerwear, overalls, shirts, safety-toe boots, hats, flame-resistant and high-visibility clothing, and western-style jewelry and accessories, as well as gifts and home merchandise. The company provides its products under the Ariat, Cinch, Cody James, Dan Post, Durango, Horsepower, Idyllwind, Justin, Kimes Ranch, Laredo, Levi's, Miss Me, Montana Silversmiths, Moonshine Spirit, Resistol, Shyanne, Stetson, Tony Lama, Twisted X, Wrangler, Brunt, Carhartt, Cody James Work, Georgia Boot, Hawx, Thorogood, Timberland Pro, Wolverine, Rank 45, Cody James Black 1978, Gibson, Cleo + Wolf, and El Dorado brand names. It sells its products through various e-commerce platform, including websites, mobile app, and third-party marketplaces, as well as retail stores under the Boot Barn brand name. The company was formerly known as WW Top Investment Corporation and changed its name to Boot Barn Holdings, Inc. in June 2014. Boot Barn Holdings, Inc. was founded in 1978 and is based in Irvine, California.

Market & Price

Market Cap

$5.16B

Current Price

$169.87

High / Low (52W)

$207.98 / $135.16

Beta

1.73

Valuation

Stock P/E

23.08

Industry PE

22.37

Forward P/E

17.17

PEG Ratio

Book Value

$43.40

Price to Book

3.91

P/S

2.29

EV/EBITDA

15.29

Dividend Yield

Profitability & Returns

ROCE

14.67%

ROE

18.44%

ROA

8.37%

Profit Margin

10.02%

Op Margin

10.62%

EPS (Latest Qtr)

$2.79

EPS (TTM)

$7.36

Balance Sheet & Liquidity

Debt/Equity

0.59

Quick Ratio

0.42

Current Ratio

2.65

Debt

$773.48M

Total Assets

$2.45B

Current Assets

$1.03B

Working Capital

$643.43M

Ownership

Promoter Holding

0.65%

Chg in Prom Hold

FII / Inst Holding

116.16%

Chg in FII Hold

-0.01%

Financial Snapshot

Enterprise Value

$5.79B

Total Revenue (TTM)

$2.25B

EBITDA

$378.55M

Free Cash Flow

$24.33M

Operating Cash Flow

$304.90M

Shares Outstanding

30.35M

Gross Margin

38.08%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

10.79%

Profit 5Y

9.82%

Revenue (YoY)

18.70%

Earnings (YoY)

18.40%

PROS

Compounding revenue at 10.8% over 5 years.
Generates positive free cash flow.

CONS

In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	BOOT Boot Barn Holdings, Inc. R2K	169.87	23.08	$5.16B	-	14.67%	18.44%	10.79%	9.82%
2	AMZN Amazon.com, Inc. NDXSPXAI	270.64	31.65	$2.91T	-	16.60%	24.29%	11.73%	984.47%
3	TSLA Tesla, Inc. NDXSPXAI	435.79	399.81	$1.64T	-	5.29%	4.90%	5.19%	-32.94%
4	HD The Home Depot, Inc. SPX	317.14	22.52	$316.23B	2.94%	28.92%	128.38%	1.52%	-6.11%
5	MCD McDonald's Corporation SPX	279.20	23.04	$198.37B	2.66%	22.63%	-	5.06%	11.50%
6	TJX The TJX Companies, Inc. SPX	154.75	30.11	$171.12B	1.24%	32.91%	61.25%	6.53%	16.24%
7	BKNG Booking Holdings Inc. NDXSPX	167.43	22.09	$129.74B	0.96%	67.24%	-	16.35%	20.90%
8	LOW Lowe's Companies, Inc. SPX	214.36	18.12	$120.26B	2.24%	29.62%	-	-3.85%	1.11%
9	PDD PDD Holdings Inc. NDX	84.44	8.87	$120.19B	-	28.69%	25.40%	49.00%	45.85%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Apr 2017	Jul 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Jun 2022	Sep 2022	Dec 2022	Jul 2023	Sep 2023	Dec 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	161.98M	168.11M	254.01M	192.75M	185.77M	187.18M	284.00M	188.63M	147.77M	184.51M	302.34M	258.87M	306.33M	312.72M	485.90M	365.86M	351.55M	514.55M	383.69M	374.46M	520.40M	423.39M	425.80M	-	453.75M	504.07M	505.40M	705.64M	538.75M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	285.19M	306.85M	321.25M	424.40M	343.01M
Gross Profit	35.87M	64.18M	42.37M	40.75M	36.45M	63.36M	49.33M	41.39M	41.69M	71.94M	52.90M	51.45M	50.92M	85.66M	63.41M	62.16M	59.34M	97.04M	57.96M	40.20M	55.49M	106.81M	92.38M	116.43M	118.15M	191.66M	137.83M	129.10M	187.81M	141.96M	133.92M	199.11M	156.75M	152.86M	-	168.56M	197.22M	184.15M	281.24M	195.75M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118.88M	126.50M	127.73M	166.46M	138.52M
Operating Income	-411.00K	20.19M	5.62M	4.45M	4.44M	20.86M	8.06M	4.94M	5.64M	24.39M	11.28M	9.83M	8.70M	29.30M	16.50M	16.06M	12.93M	34.98M	9.70M	1.80M	10.04M	41.63M	32.86M	53.64M	50.11M	92.19M	52.42M	44.15M	72.50M	46.24M	38.58M	75.15M	50.22M	39.98M	-	49.69M	70.72M	56.42M	114.78M	57.22M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66.95M	89.15M	76.78M	135.28M	79.56M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	346.00K	343.00K	403.00K	435.00K	346.00K
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49.95M	71.29M	56.93M	114.75M	57.62M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12.41M	17.88M	14.70M	28.94M	13.18M
Net Income	-3.34M	9.93M	-	624.00K	479.00K	10.51M	-	777.00K	1.10M	20.15M	-	6.76M	4.53M	19.03M	-	9.72M	7.68M	24.82M	-	-490.00K	5.76M	29.57M	-	40.65M	37.86M	69.23M	39.32M	32.05M	52.77M	34.25M	27.68M	55.62M	38.91M	29.43M	-	37.54M	53.41M	42.22M	85.81M	44.44M
Diluted EPS	-0.13	0.37	0.04	0.02	0.02	0.39	0.10	0.03	0.04	0.73	0.24	0.24	0.16	0.66	0.30	0.33	0.26	0.85	0.20	-0.02	0.20	1.00	0.82	1.35	1.25	2.27	1.29	1.06	1.74	1.13	0.90	1.81	1.26	0.95	2.43	1.22	1.74	1.37	2.79	-

Profit & Loss (Annual)

Figures in USD.

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Apr 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Apr 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	-	-	-	-	677.95M	776.85M	845.58M	893.49M	1.49B	1.66B	1.66B	1.67B	1.91B	2.25B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	1.05B	-	1.05B	1.19B	1.40B
Gross Profit	72.65M	113.20M	134.78M	173.20M	189.89M	207.91M	251.43M	276.49M	294.88M	575.07M	610.57M	610.57M	614.42M	717.04M	858.36M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	378.79M	-	416.21M	477.69M	559.21M
Operating Income	8.90M	20.54M	35.44M	30.23M	37.82M	46.26M	64.32M	73.67M	86.33M	258.34M	231.79M	231.79M	198.21M	239.35M	299.14M
EBITDA	-	-	-	-	-	-	-	-	-	-	267.70M	-	249.19M	304.10M	380.77M
Interest Expense	-	-	-	-	-	-	-	-	-	-	5.88M	-	2.24M	1.50M	1.53M
Pretax Income	-	-	-	-	-	-	-	-	-	-	225.88M	-	197.37M	240.12M	300.59M
Tax Provision	-	-	-	-	-	-	-	-	-	-	55.33M	-	50.38M	59.17M	74.71M
Net Income	646.00K	5.38M	13.73M	9.87M	14.20M	28.88M	39.02M	47.95M	59.39M	192.45M	170.55M	170.55M	147.00M	180.94M	225.88M
Diluted EPS	0.03	0.28	0.54	0.37	0.53	1.05	1.35	1.64	2.01	6.33	5.62	5.62	4.80	5.88	7.35

Compounded Sales Growth

5 Years:	10.79%
1 Year:	18.70%

Compounded Profit Growth

5 Years:	9.82%
1 Year:	18.40%

Stock Price Performance

1 Year:	+5.96%
6 Months:	-13.23%
3 Months:	-10.23%
1 Month:	+1.88%

Balance Sheet (Annual)

Figures in USD.

Metric	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Apr 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Apr 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	-	291.86M	326.13M	539.33M	565.58M	587.94M	636.08M	924.71M	933.58M	-	1.52B	1.52B	1.71B	2.02B	2.45B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	669.17M	-	729.65M	863.96M	1.03B
Cash & Equivalents	592.00K	1.19M	1.12M	1.45M	7.20M	8.04M	9.02M	16.61M	69.56M	73.15M	-	18.19M	18.19M	75.85M	69.77M	141.04M
Inventory	-	-	-	-	-	-	-	-	-	-	-	589.49M	-	599.12M	747.19M	844.64M
Receivables	-	-	-	-	-	-	-	-	-	-	-	13.14M	-	9.96M	10.26M	15.26M
Total Liabilities	-	-	207.29M	183.71M	377.84M	385.67M	373.33M	371.91M	603.02M	538.69M	-	740.93M	740.93M	761.95M	886.96M	1.13B
Current Liabilities	-	-	86.42M	86.49M	152.30M	147.80M	151.00M	151.94M	312.62M	221.66M	-	374.84M	374.84M	312.81M	353.35M	390.97M
Long Term Debt	-	-	-	91.20M	247.31M	-	-	-	-	-	-	-	-	-	-	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	447.72M	-	466.76M	563.04M	773.48M
Total Equity	-	77.62M	84.58M	142.42M	161.49M	179.91M	214.61M	264.16M	321.69M	394.89M	-	776.45M	776.45M	943.64M	1.13B	1.32B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	30.07M	-	30.57M	30.89M	31.00M

Cash Flows (Annual)

Figures in USD.

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Apr 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Apr 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	-	-	32.93M	41.15M	44.20M	63.26M	25.32M	155.92M	-	88.89M	88.89M	236.08M	147.54M	304.90M
Investing Cash Flow	-	-	-	-182.67M	-23.60M	-23.55M	-31.77M	-40.17M	-28.42M	-	-124.53M	-124.53M	-118.78M	-148.24M	-178.81M
Financing Cash Flow	-	-	-	155.49M	-16.71M	-19.67M	-23.90M	67.80M	-123.91M	-	33.17M	33.17M	-59.64M	-5.38M	-54.83M
Capital Expenditure	-3.85M	-11.40M	-14.07M	-36.13M	-22.29M	-24.42M	-27.52M	-37.20M	-28.42M	-	-124.53M	-124.53M	-118.78M	-148.29M	-178.87M
Free Cash Flow	-	-	-	-3.20M	18.86M	19.78M	35.73M	-11.88M	127.50M	-	-35.65M	-35.65M	117.30M	-753.00K	126.04M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-2.48M	-	57.65M	-6.08M	71.27M
Share Buybacks	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50.01M

Ratios (Annual)

Figures in %.

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Apr 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Apr 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	-	-	-	-	30.7%	32.4%	32.7%	33.0%	38.6%	36.8%	36.8%	36.9%	37.5%	38.1%
Operating Margin %	-	-	-	-	-	6.8%	8.3%	8.7%	9.7%	17.4%	14.0%	14.0%	11.9%	12.5%	13.3%
Net Margin %	-	-	-	-	-	4.3%	5.0%	5.7%	6.6%	12.9%	10.3%	10.3%	8.8%	9.5%	10.0%
ROE %	0.8%	6.4%	9.6%	6.1%	7.9%	13.5%	14.8%	14.9%	15.0%	-	22.0%	22.0%	15.6%	16.0%	17.1%
ROCE %	-	10.0%	14.8%	7.8%	9.1%	10.6%	13.3%	12.0%	12.1%	-	20.3%	20.3%	14.2%	14.4%	14.5%

Shareholding Pattern

Insiders

0.65%

Institutions

116.16%

Public Float

116.92%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	15.64%	4.75M	$806.10M
2	Vanguard Portfolio Management LLC	5.47%	1.66M	$282.10M
3	FMR, LLC	4.74%	1.44M	$244.54M
4	Vanguard Capital Management LLC	4.46%	1.35M	$229.74M
5	State Street Corporation	4.01%	1.22M	$206.91M
6	Invesco Ltd.	3.23%	979.00K	$166.30M
7	Geode Capital Management, LLC	2.41%	730.44K	$124.08M
8	Congress Asset Management Co	2.36%	717.57K	$121.89M
9	Wellington Management Group, LLP	2.27%	689.50K	$117.13M
10	Bank of America Corporation	2.16%	655.37K	$111.33M

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