Buckle, Inc. (The) (BKE) vs Boot Barn Holdings, Inc. (BOOT)

Buckle, Inc. (The) and Boot Barn Holdings, Inc. are both Apparel Retail companies. Boot Barn Holdings, Inc. is the larger, with a market value of $3.8B against $2.1B — 1.8× the size. Buckle, Inc. (The) trades at the lower P/E: 9.7× against 15.5×. Boot Barn Holdings, Inc. grew revenue faster over the last twelve months: 17.7% against 6.22%. Buckle, Inc. (The) has the higher net margin (16.6% vs 10.4%) and the higher return on invested capital (85.7% vs 16.4%). Across the 21 metrics below, Buckle, Inc. (The) leads on 14 and Boot Barn Holdings, Inc. on 7.

Valuation

Metric BKE BOOT Apparel Retail median
P/E 9.65 15.47 12.56
P/S 1.61 1.60 0.35
P/B 4.38 2.76 1.57
Price to free cash flow 10.86 32.14 11.15
EV/EBITDA 5.77 9.98 7.42
EV/Sales 1.39 1.71 0.51
Earnings yield 10.36% 6.46% 5.76%
Free cash flow yield 9.21% 3.11% 4.34%

Profitability

Metric BKE BOOT Apparel Retail median
Gross margin 48.95% 38.45% 41.90%
Operating margin 20.84% 13.61% 2.50%
Net margin 16.62% 10.35% 3.41%
Free cash flow margin 14.83% 4.98% 2.86%
Return on equity 45.76% 19.18% 7.71%
Return on assets 20.80% 10.41% 2.85%
Return on invested capital 85.74% 16.35% 6.41%

Growth

Metric BKE BOOT Apparel Retail median
Revenue growth (TTM) 6.22% 17.65% 4.14%
EPS growth (last fiscal year) 6.43% 25.00% —
Revenue growth, 5-year CAGR 7.57% 20.33% 5.92%
Net income growth, 5-year CAGR 10.02% 30.63% 0.00%

Health

Metric BKE BOOT Apparel Retail median
Debt to equity 0.00 0.00 0.01
Current ratio 2.08 2.53 1.54
Net debt to EBITDA (0.90) (0.37) (0.29)

Dividend

Metric BKE BOOT Apparel Retail median
Dividend yield 8.57% — 2.94%
Payout ratio 0.29 0.00 0.00

Size

Metric BKE BOOT Apparel Retail median
Market cap 2.14b 3.82b 358.41m

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