Boot Barn Holdings, Inc.

BOOT Consumer Cyclical Apparel Retail

Boot Barn Holdings, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $2.3 billion, up 17.9% from fiscal 2025. In the quarter to June 2026, revenue grew 17.8%, EPS grew 32.0% and free cash flow fell 22.7%, each against the same quarter a year earlier. Revenue growth for ten consecutive years.

131.97 1.49 +1.14%
Market cap
$3.9B
P/E
16.6×
Fwd P/E
12.7×
Dividend yield
—
F-score
8/9
Altman Z
4.65
Beneish M
−2.21
Dividend safety
n/a

Insider Decisions trades per month

Total sells 1.70
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 1 — 1 — — 1 — — — — —
Insider Ownership 1.02%

Capital & Financial Ratios $m

Market Cap 3,900.00
Revenue 2,343.31
Net Income 242.58
Free Cash Flow 116.77
Net Debt (139.26)
Current Ratio 2.53 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 16.56
Fwd P/E 12.70
P/S ratio 1.71
P/B ratio 2.95
Past 5Y EPS Growth 29.60% (at or above 15%: strong)
This Y EPS Growth 22.06% (at or above 15%: strong)
Next Y EPS Growth 9.85%
Next Y revenue growth 15.62% (at or above 10%: strong)
Next 5Y EPS Growth 16.57% (at or above 15%: strong)

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

Valuation vs history

P/E against its own 10 years 30.70%
10-year low 10-year high
P/S against its own 10 years 65.59%
10-year low 10-year high
P/B against its own 10 years 43.63%
10-year low 10-year high
EV/Sales against its own 10 years 63.90%
10-year low 10-year high
EV/FCF against its own 10 years 51.15%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2018 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 76 70 141 139
Receivables 10 10 15 29
Inventory 599 747 845 900
Other — — — —
730 864 1,034 1,094
2024 2025 2026 Q'26
Payables 133 134 142 176
ST’ Debt — — — —
Other — — — —
313 353 391 432

Compound Annual Growth %

10y 5y 3y
Sales 14.76% 20.33% 10.79%
Cash Flow 24.93% 14.35% 50.81%
Earnings 36.76% 30.63% 9.82%
Book Value 23.37% 27.27% 19.31%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Jun Sep Dec Mar Year
’26 2.29 — — — —
’26 1.74 1.37 2.79 1.45 7.35
’25 1.26 0.95 2.43 1.22 5.88
’24 1.13 0.90 1.81 0.96 4.80
’23 1.29 1.06 1.74 1.53 5.62
’22 1.35 1.25 2.27 1.47 6.33
’21 (0.02) 0.20 1.00 0.82 2.01
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 594 — — — —
’26 504 505 706 539 2,254
’25 423 426 608 454 1,911
’24 384 374 520 388 1,667
’23 366 352 515 426 1,658
’22 306 313 486 383 1,488
’21 148 185 302 259 893
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 84 — — — —
’26 74 26 210 (4) 305
’25 41 (8) 157 (43) 148
’24 71 75 95 (4) 236
’23 (26) (36) 149 2 89
’22 46 2 142 (102) 89
’21 23 21 113 (1) 156
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 33 — — — —
’26 42 (18) 148 (46) 126
’25 14 (46) 114 (83) (1)
’24 41 40 68 (32) 117
’23 (47) (68) 119 (40) (36)
’22 37 (11) 124 (122) 28
’21 14 15 107 (9) 127
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Price, $
Price, $ Low 5.90 15.01 16.24 8.03 41.44 50.20 59.21 68.37 86.17 110.53 +38.5% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 17.68 31.62 45.15 48.11 134.50 126.70 104.91 169.83 210.25 207.77 +31.5% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 3,000 3,500 4,000 3,200 4,900 8,400 8,800 11,300 10,400 12,700 +17.4% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.21 0.19 0.19 0.26 0.18 0.18 0.19 0.15 0.18 0.18 (1.8%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 630 678 777 846 893 1,488 1,658 1,667 1,911 2,254 +15.2% 2,606 2,939 3,285 +13.4%
Gross margin, % 30.15 30.67 32.37 32.70 33.00 38.64 36.83 36.86 37.52 38.08 +7.9 pt
EBT 23 31 48 60 77 253 226 197 240 301 +33.0%
EBT margin, % 3.67 4.60 6.18 7.13 8.65 16.97 13.63 11.84 12.56 13.34 +9.7 pt
Net income 14 29 39 48 59 192 171 147 181 226 +36.0%
Depreciation 18 18 20 53 59 29 36 52 63 79 +17.9%
Per share, $
Per share, $ Revenue 23.80 25.35 27.65 29.58 30.88 50.35 55.62 55.26 62.61 73.88 +13.4%
Earnings 0.54 1.08 1.39 1.62 2.05 6.51 5.72 4.87 5.93 7.40 +33.8%
Cash flow 1.56 1.65 2.25 0.89 5.39 3.01 2.98 7.83 4.83 10.00 +23.0%
Capex (0.84) (0.91) (0.98) (1.30) (0.98) (2.04) (4.18) (3.94) (4.86) (5.86) +24.1%
Free cash flow 0.71 0.74 1.27 (0.42) 4.41 0.96 (1.20) 3.89 (0.02) 4.13 +21.6%
Book value 6.80 8.02 9.40 11.25 13.65 20.29 26.05 31.28 37.05 43.23 +22.8%
Shares, m 26 27 28 29 29 30 30 30 31 31 +1.6%
Valuation, ×
Valuation, × P/E 18.31 15.67 21.88 7.70 30.54 14.56 13.40 20.46 18.12 19.75 18.0
P/S 0.42 0.67 1.09 0.44 2.02 1.88 1.38 1.80 1.72 1.98 1.3
P/B 1.45 2.11 3.21 1.15 4.56 4.67 2.94 3.19 2.90 3.39 3.0
EV/Sales 0.77 0.97 1.34 0.83 2.10 2.05 1.55 1.91 1.82 2.03 1.5
EV/FCF 25.79 33.11 29.06 (58.92) 14.73 107.11 (72.00) 27.20 (4,971.67) 36.36 (482.9)
Cash, $m
Cash, $m Operating cash flow 41 44 63 25 156 89 89 236 148 305 +24.9%
Capex (22) (24) (28) (37) (28) (60) (125) (119) (148) (179) +26.0%
Free cash flow 19 20 36 (12) 127 28 (36) 117 (1) 126 +23.5%
Balance, $m
Balance, $m Working capital 77 90 125 72 153 205 294 417 511 643 +26.7%
Total debt 233 212 182 400 149 263 66 — — — (18.9%)
Net debt 225 202 165 330 76 242 48 (76) (70) (141) n/m
Shareholders’ equity 180 215 264 322 395 600 776 944 1,131 1,319 +24.8%
Returns, %
Returns, % ROA 2.57 5.01 6.38 6.14 6.39 18.04 12.55 9.12 9.72 10.11 +7.5 pt
ROIC 5.84 6.93 9.36 7.06 11.47 19.17 17.57 14.28 14.10 15.88 +10.0 pt
ROE 8.32 14.64 16.30 16.37 16.57 38.70 24.79 17.09 17.44 18.44 +10.1 pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Boot Barn Holdings, Inc. vs peers in Apparel 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
LULU lululemon athletica inc. $12.7B 8.8× 10.3× −4.34% (below 0%: shrinking) −5.81% (below 0%: shrinking) +49.33% (above 0%: growing) 60.52% 18.78% Compare
GAP The Gap, Inc. $8.0B 6.5× 6.1× −1.99% (below 0%: shrinking) +143.10% (above 0%: growing) −47.71% (below 0%: shrinking) 52.83% 18.52% Compare
VSXY Victoria's Secret & Co. $7.9B 21.7× 17.7× +10.42% (above 0%: growing) +990.00% (above 0%: growing) +272.73% (above 0%: growing) 47.11% 15.95% Compare
URBN Urban Outfitters, Inc. $7.9B 14.0× 12.2× +10.44% (above 0%: growing) +75.63% (above 0%: growing) +92.47% (above 0%: growing) 43.42% 17.37% Compare
ANF Abercrombie & Fitch Company $7.0B 13.9× 11.6× +4.81% (above 0%: growing) +41.41% (above 0%: growing) +296.59% (above 0%: growing) 71.10% 19.95% Compare
BOOT Boot Barn Holdings, Inc. $3.9B 16.6× 12.7× +17.75% (above 0%: growing) +32.00% (above 0%: growing) −22.73% (below 0%: shrinking) 40.42% 15.25%
AEO American Eagle Outfitters, Inc. $3.4B 9.8× 7.9× +7.53% (above 0%: growing) +77.78% (above 0%: growing) +367.29% (above 0%: growing) 48.69% 15.32% Compare
BKE Buckle, Inc. (The) $2.4B 10.6× 10.8× +4.60% (above 0%: growing) −2.22% (below 0%: shrinking) −63.66% (below 0%: shrinking) 47.85% 17.45% Compare
CRI Carter's, Inc. $1.2B 5.9× 5.4× +5.16% (above 0%: growing) +28,600.00% (above 0%: growing) +688.36% (above 0%: growing) 67.04% 22.72% Compare
Median of peers $7.5B 10.2× 10.6× +4.99% +76.71% +182.60% 50.76% 17.99%

All 33 Apparel Retail stocks →

Pay and ownership Proxy statement filed 16 July 2026

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 14.20%
Vanguard Portfolio Management 5.60%
FMR LLC 5.30%
Vanguard Capital Management 5.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Boot Barn Holdings, Inc. (BOOT) Latest News

stockrow.com/BOOT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com