Boot Barn Holdings, Inc. (BOOT) vs Ross Stores, Inc. (ROST)

Boot Barn Holdings, Inc. and Ross Stores, Inc. are both Apparel Retail companies. Ross Stores, Inc. is the larger, with a market value of $75.2B against $3.8B — 19.7× the size. Boot Barn Holdings, Inc. trades at the lower P/E: 15.5× against 28.3×. Boot Barn Holdings, Inc. grew revenue faster over the last twelve months: 17.7% against 14.0%. Ross Stores, Inc. has the higher net margin (10.9% vs 10.4%) and the higher return on invested capital (60.6% vs 16.4%). Across the 22 metrics below, Boot Barn Holdings, Inc. leads on 12 and Ross Stores, Inc. on 10.

Valuation

Metric BOOT ROST Apparel Retail median
P/E 15.47 28.35 12.56
P/S 1.60 3.06 0.35
P/B 2.76 11.12 1.57
Price to free cash flow 32.14 26.88 11.15
EV/EBITDA 9.98 18.35 7.42
EV/Sales 1.71 2.93 0.51
Earnings yield 6.46% 3.53% 5.76%
Free cash flow yield 3.11% 3.72% 4.34%

Profitability

Metric BOOT ROST Apparel Retail median
Gross margin 38.45% 29.67% 41.90%
Operating margin 13.61% 13.75% 2.50%
Net margin 10.35% 10.85% 3.41%
Free cash flow margin 4.98% 11.38% 2.86%
Return on equity 19.18% 42.63% 7.71%
Return on assets 10.41% 17.45% 2.85%
Return on invested capital 16.35% 60.64% 6.41%

Growth

Metric BOOT ROST Apparel Retail median
Revenue growth (TTM) 17.65% 14.02% 4.14%
EPS growth (last fiscal year) 25.00% 4.59% —
Revenue growth, 5-year CAGR 20.33% 12.67% 5.92%
Net income growth, 5-year CAGR 30.63% 90.55% 0.00%

Health

Metric BOOT ROST Apparel Retail median
Debt to equity 0.00 0.15 0.01
Current ratio 2.53 1.61 1.54
Net debt to EBITDA (0.37) (0.96) (0.29)

Dividend

Metric BOOT ROST Apparel Retail median
Dividend yield — 0.93% 2.94%
Payout ratio 0.00 0.27 0.00

Size

Metric BOOT ROST Apparel Retail median
Market cap 3.82b 75.15b 358.41m

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