Loading financials from SEC filings…
Apparel retail · Consumer Cyclical · Fiscal year ends Mar 27
Boot Barn reported revenue of $2.3B in the fiscal year ended Mar 2026, up 17.9% from the year before. Operating income was $299M, an operating margin of 13.3%, and net income was $226M. Operating cash flow of $305M less capital expenditure of $179M left free cash flow of $126M.
Ranks among the 9 apparel retail companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Mar 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 1,488 | 1,658 | 1,667 | 1,911 | 2,254 |
| Cost of revenue | 913 | 1,047 | 1,053 | 1,194 | 1,396 |
| Gross profit | 575 | 611 | 614 | 717 | 858 |
| Selling, general & admin | 317 | 379 | 416 | 478 | 559 |
| Operating income | 258 | 232 | 198 | 239 | 299 |
| Pre-tax income | 253 | 226 | 197 | 240 | 301 |
| Income tax | 60.1 | 55.3 | 50.4 | 59.2 | 74.7 |
| Net income | 192 | 171 | 147 | 181 | 226 |
| Diluted EPS | 6.33 | 5.62 | 4.80 | 5.88 | 7.35 |
| Diluted shares | 30.4 | 30.4 | 30.6 | 30.8 | 30.7 |
| Fiscal year | Mar 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 20.7 | 18.2 | 75.8 | 69.8 | 141 |
| Receivables | 9.7 | 13.1 | 10.0 | 10.3 | 15.3 |
| Inventory | 474 | 589 | 599 | 747 | 845 |
| Current assets | 542 | 669 | 730 | 864 | 1,034 |
| Net PP&E | 155 | 257 | 324 | 422 | 514 |
| Goodwill | 198 | 198 | 198 | 198 | 198 |
| Total assets | 1,200 | 1,517 | 1,706 | 2,018 | 2,450 |
| Payables | 131 | 134 | 133 | 134 | 142 |
| Deferred revenue | 18.5 | 22.3 | 26.4 | 30.7 | 37.3 |
| Current liabilities | 336 | 375 | 313 | 353 | 391 |
| Total liabilities | 600 | 741 | 762 | 887 | 1,131 |
| Shareholders' equity | 600 | 776 | 944 | 1,131 | 1,319 |
| Fiscal year | Mar 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 88.9 | 88.9 | 236 | 148 | 305 |
| Capital expenditure | 60.4 | 125 | 119 | 148 | 179 |
| Free cash flow | 28.4 | −35.6 | 117 | −0.8 | 126 |
| Depreciation & amortisation | 27.3 | 35.9 | 49.5 | 62.5 | 78.7 |
| Stock-based compensation | 9.5 | 9.7 | 12.9 | 11.0 | 16.1 |
| Share buybacks | – | – | – | – | 50.0 |
| Fiscal year | Mar 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 11.4% | 0.6% | 14.6% | 17.9% |
| Operating income growth (YoY) | – | −10.3% | −14.5% | 20.8% | 25.0% |
| EPS growth (YoY) | – | −11.2% | −14.6% | 22.5% | 25.0% |
| Gross margin | 38.6% | 36.8% | 36.9% | 37.5% | 38.1% |
| Operating margin | 17.4% | 14.0% | 11.9% | 12.5% | 13.3% |
| Net margin | 12.9% | 10.3% | 8.8% | 9.5% | 10.0% |
| Return on equityBlank when equity is negative | 32.1% | 22.0% | 15.6% | 16.0% | 17.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 29.9% | 20.3% | 14.2% | 14.4% | 14.5% |
| Free cash flow margin | 1.9% | −2.2% | 7.0% | −0.0% | 5.6% |
| Cash conversion (CFO ÷ net income) | 0.46x | 0.52x | 1.61x | 0.82x | 1.35x |
| Receivable days | 2 | 3 | 2 | 2 | 2 |
| Inventory days | 190 | 205 | 208 | 228 | 221 |
| Payable days | 53 | 47 | 46 | 41 | 37 |
| Current ratio | 1.61x | 1.79x | 2.33x | 2.45x | 2.65x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.