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Sunday 18 October 2026 Export BBWI’s income statement to Excel — free account

Bath & Body Works, Inc.

BBWI Consumer Cyclical Specialty Retail

Bath & Body Works, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $7.3 billion, roughly unchanged from fiscal 2025. In the quarter to July 2026, revenue fell 2.26%, EPS grew 93.3%, free cash flow grew 123.2% and total debt fell 7.05%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

20.22 0.22 −1.08%
Market cap
$4.1B
P/E
5.3×
Fwd P/E
6.8×
Dividend yield
3.96%
F-score
6/9
Altman Z
2.30
Beneish M
−3.01
Dividend safety
74/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.01
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 6 — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.10%

Capital & Financial Ratios $m

Market Cap 4,120.00
Revenue 7,210.00
Net Income 781.00
Free Cash Flow 1,048.00
Net Debt 2,820.00
Current Ratio 1.20
Debt/Equity (3.43) (negative: negative equity)
P/E ratio 5.27
Fwd P/E 6.78
P/S ratio 0.56
P/B ratio 0.00
Past 5Y EPS Growth 0.72%
This Y EPS Growth (15.60%) (below 0%: weak)
Next Y EPS Growth 2.07%
Next Y revenue growth (2.58%) (below 0%: weak)
Next 5Y EPS Growth (2.89%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.0×, against a ten-year median of 1.4×; over the ten years it ranged from 0.5× in 2020 to 3.6× in 2021.
P/E against its own 10 years 3.54%
10-year low 10-year high
P/S against its own 10 years 24.18%
10-year low 10-year high
EV/Sales against its own 10 years 22.78%
10-year low 10-year high
EV/FCF against its own 10 years 1.84%
10-year low 10-year high

Dividends

Payout Ratio 0.21
Annual Dividend Rate 0.80
Annual Dividend Yield 3.96%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 0.80
0.20
0.20
0.20
2025 0.80
0.20
0.20
0.20
0.20
2024 0.80
0.20
0.20
0.20
0.20
2023 0.80
0.20
0.20
0.20
0.20
2022 0.80
0.20
0.20
0.20
0.20
2021 0.42
0.12
0.15
0.15
2020 0.24
0.24
2019 0.97
0.24
0.24
0.24
0.24
2018 1.94
0.49
0.49
0.49
0.49
2017 2.54
0.49
0.49
0.60
0.49
0.49
2016 1.46
1.62
0.49
0.49
0.49
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,084 674 953 794
Receivables 224 205 180 154
Inventory 710 734 699 883
Other 97 210 187 219
2,115 1,823 2,019 2,050
2024 2025 2026 Q'26
Payables 380 338 465 676
ST’ Debt — — 280 248
Other — — — —
1,289 1,231 1,591 1,707

Compound Annual Growth %

10y 5y 3y
Sales (4.98%) 2.53% (1.20%)
Cash Flow (5.91%) (11.58%) (1.24%)
Earnings (6.37%) (5.12%) (6.74%)
Book Value 0.00% 0.00% 0.00%

Revenue $m

Apr Jul Oct Jan Year
’26 1,378 1,514 — — —
’26 1,424 1,549 1,594 2,724 7,291
’25 1,384 1,526 1,610 2,787 7,307
’24 1,396 1,559 1,562 2,912 7,429
’23 1,450 1,618 1,604 2,888 7,560
’22 1,470 1,704 1,681 3,027 7,882
’21 1,654 2,319 1,702 2,718 6,434
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 244 72 — — —
’26 188 (43) 80 877 1,102
’25 76 (46) (99) 955 886
’24 44 33 (49) 926 954
’23 66 15 (14) 1,077 1,144
’22 249 324 (126) 1,045 1,492
’21 (342) 628 420 1,333 2,039
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 203 23 — — —
’26 151 (99) 8 814 874
’25 30 (101) (164) 895 660
’24 (49) (52) (121) 878 656
’23 (22) (58) (105) 1,001 816
’22 184 211 (189) 1,016 1,222
’21 (397) 559 344 1,305 1,811
Fiscal quarters ending in the months shown.

EPS $

Apr Jul Oct Jan Year
’26 0.90 0.58 — — —
’26 0.49 0.30 0.37 1.99 3.11
’25 0.38 0.68 0.49 2.09 3.61
’24 0.35 0.43 0.52 2.55 3.84
’23 0.64 0.52 0.40 1.89 3.43
’22 0.97 1.34 0.33 2.28 4.88
’21 (1.07) (0.18) 1.17 3.03 3.00
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 28.29 19.17 12.77 6.47 29.18 25.75 27.30 26.21 14.28 15.74

Analyst estimates 2027–2029

Powerpack
High 55.33 49.67 24.00 34.09 82.00 71.51 49.55 52.99 41.87 24.94
People
People Employees 93,600 93,200 88,900 94,400 92,300 56,900 57,200 57,157 59,210 60,735
Revenue/emp, $m 0.13 0.14 0.15 0.06 0.07 0.14 0.13 0.13 0.12 0.12
Income, $m
Income, $m Revenue 12,574 12,632 13,237 5,405 6,434 7,882 7,560 7,429 7,307 7,291
Gross margin, % 40.76 39.26 37.01 44.16 48.12 48.91 43.06 43.56 44.26 43.74
EBT 1,696 1,312 857 608 1,122 1,423 1,045 1,021 1,028 882
EBT margin, % 13.49 10.39 6.47 11.25 17.44 18.05 13.82 13.74 14.07 12.10
Net income 1,158 983 644 (366) 844 1,333 800 878 798 649
Depreciation 472 524 547 1,308 521 363 221 269 282 254
Per share, $
Per share, $ Revenue 43.81 44.48 47.96 19.58 23.14 29.30 32.59 32.58 33.21 35.05
Earnings 3.98 3.42 2.31 (1.33) 3.00 4.88 3.43 3.84 3.61 3.11
Cash flow 6.93 4.95 4.99 4.48 7.33 5.55 4.93 4.18 4.03 5.30
Capex (3.26) (2.49) (2.28) (1.66) (0.82) (1.00) (1.41) (1.31) (1.03) (1.10)
Free cash flow 3.67 2.46 2.71 2.82 6.51 4.54 3.52 2.88 3.00 4.20
Book value (2.53) (2.64) (3.13) (5.42) (2.38) (5.64) (9.50) (7.13) (6.29) (6.15)
Shares, m 287 284 276 276 278 269 232 228 220 208
Valuation, ×
Valuation, × P/E 12.20 11.77 9.74 0.00 11.47 10.74 13.34 11.08 10.33 7.06
P/S 1.11 0.91 0.47 0.40 1.14 1.55 1.41 1.31 1.13 0.63
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales 1.41 1.25 0.80 0.71 1.55 1.88 1.92 1.78 1.61 1.04
EV/FCF 16.88 22.57 14.19 11.86 7.18 14.45 17.75 20.16 17.88 8.66
Cash, $m
Cash, $m Operating cash flow 1,990 1,406 1,377 1,236 2,039 1,492 1,144 954 886 1,102
Capex (937) (707) (629) (458) (228) (270) (328) (298) (226) (228)
Free cash flow 1,053 699 748 778 1,811 1,222 816 656 660 874
Balance, $m
Balance, $m Working capital 1,451 1,262 1,274 873 2,753 1,719 887 826 592 428
Total debt 5,736 5,794 5,811 5,548 6,539 5,024 5,039 4,388 3,884 3,892
Net debt 3,802 4,279 4,398 4,049 2,971 3,045 3,807 3,304 3,210 2,939
Shareholders’ equity (727) (751) (865) (1,495) (661) (1,517) (2,205) (1,626) (1,383) (1,279)
Returns, %
Returns, % ROA 13.90 12.05 7.93 (4.02) 7.78 15.15 13.89 16.03 15.44 13.06
ROIC 40.71 30.61 21.88 25.45 43.40 82.17 53.68 47.86 43.31 42.39
ROE (235.13) (133.02) (79.70) 31.02 (78.29) (122.41) (42.99) (45.84) (53.04) (48.76)
Negative figures in brackets.

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Charts ten years each

Bath & Body Works, Inc. vs peers in Specialty Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MUSA Murphy USA Inc. $10.0B 16.5× 15.7× +35.99% (above 0%: growing) +52.42% (above 0%: growing) −10.68% (below 0%: shrinking) 10.97% 4.48% Compare
BBWI Bath & Body Works, Inc. $4.1B 5.3× 6.8× −2.26% (below 0%: shrinking) +93.33% (above 0%: growing) +123.23% (above 0%: growing) 45.71% 14.27%
ASO Academy Sports and Outdoors, Inc. $3.6B 9.6× 9.3× +2.97% (above 0%: growing) +16.93% (above 0%: growing) +435.22% (above 0%: growing) 40.42% 14.96% Compare
MNSO MINISO Group Holding Limited Unsponsored ADR $3.1B 17.3× 8.8× +23.53% (above 0%: growing) n/m +219.06% (above 0%: growing) 45.26% 2.04% Compare
RH RH $2.2B 19.1× 16.4× +2.56% (above 0%: growing) +15.22% (above 0%: growing) +23.83% (above 0%: growing) 48.24% 11.67% Compare
SBH Sally Beauty Holdings, Inc. $1.6B 8.4× 8.1× +0.23% (above 0%: growing) +23.91% (above 0%: growing) +25.44% (above 0%: growing) 52.41% 9.24% Compare
SVV Savers Value Village, Inc. $1.6B 62.9× 23.1× +7.43% (above 0%: growing) +16.67% (above 0%: growing) +104.50% (above 0%: growing) 56.87% 9.43% Compare
ARHS Arhaus, Inc. $1.4B 20.0× 18.5× +7.38% (above 0%: growing) +12.00% (above 0%: growing) +130.85% (above 0%: growing) 44.71% 14.10% Compare
EYE National Vision Holdings, Inc. $1.4B 27.7× 25.0× +2.55% (above 0%: growing) +45.45% (above 0%: growing) −133.21% (below 0%: shrinking) 58.23% 4.27% Compare
Median of peers $1.9B 18.2× 16.0× +5.18% +16.93% +64.97% 46.75% 9.33%

All 49 Specialty Retail stocks →

Bath & Body Works, Inc. (BBWI) key facts

  • Concern: Net income was $649.0 million, or $3.11 per share (basic), a net margin of 8.90%.
  • Bath & Body Works, Inc. (BBWI) is a Specialty Retail company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
  • Bath & Body Works, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $7.3 billion, roughly unchanged from fiscal 2025.
  • As of October 16, 2026, BBWI traded at $20.22, a market capitalization of $4.1 billion.
  • At that price the stock trades at 5.3× trailing-twelve-month earnings and 0.6× sales; its P/E is higher than 4% of its own readings over the past ten years.
  • Bath & Body Works, Inc. pays an annual dividend of $0.80 per share, a yield of 3.96%, with a payout ratio of 20.8%.
  • Return on equity was −48.8% and debt-to-equity -3.43.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.30 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Bath & Body Works, Inc. (BBWI) Latest News

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stockrow.com/BBWI · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com