Boot Barn Holdings, Inc.
BOOTBoot Barn Holdings, Inc.'s earnings have outrun its stock. EPS grew +25.0% in a year against a −9.1% price move.
The sharpest disagreement: annual EPS moved +25.0% against a −9.1% price move — the market has not yet caught up with the delivery.
The price is building a base (5 weeks in) while the P/E sits at the 56th percentile of its own 4-year range. Underneath, the last four quarters read improving — profit +0.0% year on year, and 123% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Boot Barn Holdings, Inc. trades at $159, building a base and 5 weeks into that stage. That is −9.4% against its own 200-day average. It sits at 34% of a 52-week range of $135 to $205. On relative strength it is currently behind the S&P 500 on a trailing-13-week view (4 weeks and counting).
Today the stock is building a base — week 5 of stage 1. At $159 it trades −9.4% versus its 200-day average and sits at 34% of its 52-week range ($135–$205).
Against the market, two honest reads. Cumulative: over the last 10.1 years the stock moved +1,617% while the S&P 500 moved +248% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (4 weeks and counting; last ahead the week of 2026-07-02) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 56th percentile of its own range.
Valuation P/E is the price of $1 of annual profit: how many dollars the market pays for each dollar the company earns in a year.
Boot Barn Holdings, Inc. trades at 21.6× P/E, mid-range by its own standards (56th percentile). Its long-run median P/E is 19.4×, measured across 4.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 21.6× is mid-range by its own standards (56th percentile), against a long-run median of 19.4× measured over 4.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +25.0% against a −9.1% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 3y, of the +18.7%/yr price move, ~+10.1%/yr came from earnings growth and ~+8.6 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Boot Barn Holdings, Inc. reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE holding at 16.1% — the per-curve reads carry the story. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +17.8% | +10.7% | — | — |
| Profit | +27.8% | +10.6% | — | — |
| EPS | +25.0% | +9.4% | — | — |
| Stock price | −9.1% | +18.7% | +12.9% | +30.9% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
53.7/100 — rank 7 of 25 in Apparel Retail · 82% evidence confidence
Boot Barn Holdings, Inc. scores 53.7 out of 100 against the 25 companies it is compared with in Apparel Retail, ranking 7. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 21.5 + 14.8 + 14.3 + 3.1 = 53.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Boot Barn Holdings, Inc. reported $0.5 B of revenue in the Mar 26 quarter, +20.0% year on year. That is the 8th straight quarter of year-on-year growth. Over 4 years it has compounded at 10.9% a year. The last full year, FY26, came in at $2.3 B. The last four reported quarters add to $2.3 B.
Boot Barn Holdings, Inc. reported $0.5 B of revenue in the Mar 26 quarter, +20.0% year on year. That is the 8th straight quarter of year-on-year growth. Over 4 years it has compounded at 10.9% a year. The last full year, FY26, came in at $2.3 B. The last four reported quarters add to $2.3 B.
FY26 revenue came in at $2.3 B (+17.8% on the year), capping 4 years at 10.9% compound. The latest quarter (Mar 26) printed $0.5 B, +20.0% year on year — the 8th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +18.5% growth against the decade's 10.9% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +18.3% over the last 4 quarters against +16.7%/yr over the last 8 — stabilising; TTM profit +15.8% vs +21.1%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 11.1% this quarter (+0.0 pp YoY).
Operating margin Operating margin is what is left of every $100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Boot Barn Holdings, Inc.'s operating margin is 11.1% in the Mar 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 12.0% to 17.4%. The current quarter is running below every full year in that window.
Boot Barn Holdings, Inc.'s operating margin is 11.1% in the Mar 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 12.0% to 17.4%. The current quarter is running below every full year in that window.
The latest quarter's operating margin is 11.1%, +0.0 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 12.0%–17.4%.
Why the margin moved: operating margin went +0.0 pp year on year while gross margin went −0.8 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit +0.0% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Boot Barn Holdings, Inc. earned $0.0 B of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was $0.2 B. The 4-year compound rate is 4.9%. That is 7.4% of the quarter's revenue. The same quarter a year earlier earned $0.0 B.
Boot Barn Holdings, Inc. earned $0.0 B of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was $0.2 B. The 4-year compound rate is 4.9%. That is 7.4% of the quarter's revenue. The same quarter a year earlier earned $0.0 B.
Mar 26 profit was $0.0 B, +0.0% year on year. On the full year, FY26 printed $0.2 B (+27.8%), and the 4-year compound rate is 4.9%.
🚨 Why profit moved: revenue contributed +20.0% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +17.7% vs revenue +18.5%. Profit and revenue are moving roughly in step.
→ Profit rose — but did the cash follow? Next: 123% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 123% of Boot Barn Holdings, Inc.'s reported profit arrived as operating cash — the cash follows the profit. In FY26 that was $0.3 B of operating cash against $0.2 B of profit. After $0.2 B of capital spending, $0.1 B was left as free cash.
FY26: operating cash of $0.3 B against reported profit of $0.2 B, leaving free cash of $0.1 B after $0.2 B of capital spending. Across the last 3 fiscal years the conversion rate is 123% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why: conversion is measured cleanly, but the working-capital day-counts behind it sit below what we hold — the move is shown without inventing its driver.
Router verdict: the visible cash user is investment — the next section checks what the spending is buying.
→ So follow the cash to where it goes. Next: $0.0 B of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Boot Barn Holdings, Inc. does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran $0.0 B over the last 3 years. Averaged over those years that is 0.0% of FY26 revenue a year.
Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.
On the investment side: capital spending of $0.0 B over the last 3 fiscal years.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROE is 18% and the ROIC − WACC spread is +0.3 pp.
Return on equity Return on equity (ROE) is the profit the business earns on its shareholders’ money. With the full capital-employed split not in our numbers, ROE is the cleanest long ladder we can draw here.
Boot Barn Holdings, Inc. earns a ROE of 17% in FY26. That is up from a trough of 16% in FY25. Return on invested capital clears the cost of that capital by +0.3 percentage points, so growth here adds value rather than only size. The wiring behind it is 10.2% net margin on 0.92× asset turns.
FY26 ROE is 17%, recovered from a FY25 trough of 16% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 10.2% net margin × 0.92× asset turns × 1.86× balance-sheet leverage ≈ 17.5% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 12.0% − 11.7% = a +0.3 pp spread. The 11.7% is an estimate of this company's own cost of capital — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.59.
Dividend
Boot Barn Holdings, Inc. pays no dividend. Across the last 12 reported quarters it has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings rather than distribute them, which makes the cash-flow and reinvestment sections the place that cash shows up.
Boot Barn Holdings, Inc. does not currently pay a dividend. Across the last 12 reported quarters the company has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings instead of distributing them.
→ No payout to follow. The cash question becomes what the business does with what it earns instead.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Boot Barn Holdings, Inc. carries total debt of $0.8 B against shareholder equity of $1.3 B as of Mar 26, a debt-to-equity of 0.58. On the annual view that ratio went from 0.52 in FY22 to 0.58 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of $0.8 B against shareholder equity of $1.3 B — a debt-to-equity of 0.58. On the annual view, debt-to-equity went from 0.52 (FY22) to 0.58 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: short interest is 9.3% of the float.
Ownership There is no quarter-by-quarter holder register to read here, so we read the crowd through short interest — the slice of tradable shares currently sold short, positioned for a fall.
9.3% of Boot Barn Holdings, Inc.'s tradable float is currently sold short — some money is positioned against it. At typical trading volumes those positions would take about 4.0 days to buy back. There is no quarter-by-quarter holder register to read for this filer, so the crowd is read through short interest instead.
The latest reading: 9.3% of the float is sold short, and at typical trading volumes it would take about 4.0 days to buy those positions back. Some money is positioned against it. This is a single point-in-time reading — we do not yet hold its history, so we show no trend chart.
Why it sits there: who is doing the shorting, and why, does not travel with the number — the level is shown without inventing its story.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Boot Barn Holdings, Inc.: the Z-score reads 5.01. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 5.01 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 5.01.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Boot Barn Holdings, Inc. this page | 21.6× | $5B | Mixed | |||
| The TJX Companies, Inc. | 30.4× | $178B | Consistent | |||
| Ross Stores, Inc. | 35.1× | $81B | Consistent | |||
| Burlington Stores, Inc. | 38.1× | $23B | Consistent | |||
| lululemon athletica inc. | 9.7× | $14B | Topping out | |||
| The Gap, Inc. | 8.0× | $7B | Consistent | |||
| Victoria's Secret & Co. | 36.0× | $7B | Mixed | |||
| Urban Outfitters, Inc. | 14.5× | $6B | Mixed | |||
| Abercrombie & Fitch Co. | 9.9× | $5B | Mixed | |||
| American Eagle Outfitters, Inc. | 11.3× | $3B | Mixed | |||
| The Buckle, Inc. | 10.5× | $2B | Improving | |||
| Carter's, Inc. | 15.9× | $1B | Deteriorating | |||
| Stitch Fix, Inc. | — | $1B | No read | |||
| Citi Trends, Inc. | 46.7× | $1B | No read | |||
| Caleres, Inc. | 1,036.5× | $0B | Deteriorating | |||
| Genesco Inc. | 21.0× | $0B | No read | |||
| Shoe Station Group Inc. | 11.7× | $0B | Deteriorating | |||
| Lands' End, Inc. | 1.1× | $0B | No read | |||
| Zumiez Inc. | 23.8× | $0B | No read | |||
| J.Jill, Inc. | 13.6× | $0B | Deteriorating | |||
| Torrid Holdings Inc. | — | $0B | Deteriorating | |||
| Duluth Holdings Inc. | — | $0B | No read | |||
| a.k.a. Brands Holding Corp. | — | $0B | No read | |||
| Rent the Runway, Inc. | 2.3× | $0B | No read | |||
| Tilly's, Inc. | — | $0B | No read |
Frequently asked questions
What is Boot Barn Holdings, Inc.'s stock price today?
Boot Barn Holdings, Inc. trades at $159, −9.1% over the past year. The company is valued at $5.0 B. The stock sits at 34% of its 52-week range of $135–$205, −9.4% versus its 200-day average. On the tape, the price is building a base, 5 weeks in. — as of 29 July 2026.
What were Boot Barn Holdings, Inc.'s latest quarterly results?
Boot Barn Holdings, Inc. reported revenue of $0.5 B and net profit of $0.0 B for the Mar 26 quarter. Revenue rose 20.0% and profit rose 0.0% year on year. Earnings per share were $1.45. The operating margin was 11.1%, 0.0 pp higher than a year earlier. — as of 29 July 2026.
What is Boot Barn Holdings, Inc.'s revenue?
Boot Barn Holdings, Inc. reported revenue of $0.5 B in the Mar 26 quarter, +20.0% year on year. For the full FY26 fiscal year, revenue was $2.3 B (+17.8%). Over the last 4 years revenue compounded at 10.9% a year. — as of 29 July 2026.
What is Boot Barn Holdings, Inc.'s profit?
Boot Barn Holdings, Inc. earned $0.0 B of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was $0.2 B. The operating margin ran 11.1% in the latest quarter. — as of 29 July 2026.
What is Boot Barn Holdings, Inc.'s market cap?
Boot Barn Holdings, Inc.'s market capitalisation is $5.0 B at a stock price of $159. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 29 July 2026.
What is Boot Barn Holdings, Inc.'s P/E ratio?
Boot Barn Holdings, Inc. trades at a P/E of 21.6×, at the 56th percentile of its own 4-year range, against a long-run median of 19.4×. This is a comparison with the stock's own history, not a value call — as of 29 July 2026.
Does Boot Barn Holdings, Inc. pay a dividend?
No — Boot Barn Holdings, Inc. has declared no dividend per share in any of its last 12 reported quarters, so there is no payout history and no yield to quote. That is a reading of the filed statements, not an estimate. — as of 29 July 2026.
Is Boot Barn Holdings, Inc. overvalued?
On its own history, Boot Barn Holdings, Inc. looks mid-range against its own history: its P/E of 21.6× sits at the 56th percentile of its 4-year range (long-run median 19.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 29 July 2026.
Is Boot Barn Holdings, Inc. growing?
Yes — Boot Barn Holdings, Inc. is growing: latest-quarter revenue +20.0% year on year, profit +0.0%, and the margin +0.0 pp at 11.1%. The 4-year compound rates are 10.9% (revenue) and 4.9% (profit). The earnings engine currently reads: improving — as of 29 July 2026.
How is Boot Barn Holdings, Inc. performing?
Boot Barn Holdings, Inc. is building a base, 5 weeks in. Its latest quarter's revenue rose 20.0% and profit rose 0.0% year on year. Against the S&P 500 it has been behind on a trailing-13-week view for 4 weeks. This describes what the data did, not a rating. — as of 29 July 2026.
What stage is Boot Barn Holdings, Inc. in?
Mixed — no clean majority across the growth curves, ROCE holding at 16.1% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +18.3% latest, profit growth +15.8% latest, eps growth +25.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 29 July 2026.
Is Boot Barn Holdings, Inc. in an uptrend?
No — the price is building a base (week 5 of stage 1), trading −9.4% versus its 200-day average and at 34% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 29 July 2026.
Is Boot Barn Holdings, Inc. beating the market?
Not lately — on a trailing-13-week view Boot Barn Holdings, Inc. is currently behind the S&P 500 (4 weeks and counting; last ahead the week of 2026-07-02), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.1 years the stock moved +1,617% against the S&P 500's +248% — ahead of the index over the full window. — as of 29 July 2026.
Will Boot Barn Holdings, Inc.'s stock price go up?
This page publishes no price forecast for Boot Barn Holdings, Inc. What it measures instead: the stock price is $159, the price is building a base 5 weeks in. Its P/E of 21.6× sits at the 56th percentile of its own 4-year range. — as of 29 July 2026.
Is the market betting against Boot Barn Holdings, Inc.?
Somewhat — short interest is 9.3% of Boot Barn Holdings, Inc.'s tradable float, about 4.0 days to cover at typical volumes. A moderate reading: some money is positioned against it. With no quarter-by-quarter holder register here, short interest is the cleanest crowd read we hold — as of 29 July 2026.
Does Boot Barn Holdings, Inc. have too much debt?
It is moderate — Boot Barn Holdings, Inc.'s debt-to-equity is 0.59. A year-by-year borrowings ladder is not in our numbers for this stock, so the latest reading is the cleanest hold. Read the returns on this page with that leverage in mind — as of 29 July 2026.
What is Boot Barn Holdings, Inc.'s capex?
Boot Barn Holdings, Inc. spent $0.0 B on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was $0.2 B. — as of 29 July 2026.
What is Boot Barn Holdings, Inc.'s cash flow?
Boot Barn Holdings, Inc. generated $0.3 B of operating cash flow in FY26 and $0.1 B of free cash flow after $0.2 B of capital spending. Reported profit that year was $0.2 B, so operating cash ran ahead of profit. — as of 29 July 2026.
Is Boot Barn Holdings, Inc.'s profit real cash?
Yes — over the last 3 fiscal years, 123% of Boot Barn Holdings, Inc.'s reported profit arrived as operating cash. In FY26, operating cash was $0.3 B against reported profit of $0.2 B. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 29 July 2026.
How financially safe is Boot Barn Holdings, Inc.?
On the balance sheet, the Z-score reads 5.01 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 29 July 2026.
Where is Boot Barn Holdings, Inc. in its business cycle?
Boot Barn Holdings, Inc.'s FY26 operating margin was 13.3%, against a 5-year band of 12.0%–17.4%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 11.1%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 29 July 2026.
What could break the Boot Barn Holdings, Inc. story?
The sharpest disagreement: annual EPS moved +25.0% against a −9.1% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 29 July 2026.
Is Boot Barn Holdings, Inc. a stock worth studying right now?
This is not investment advice. The machine read: Boot Barn Holdings, Inc.'s earnings have outrun its stock. EPS grew +25.0% in a year against a −9.1% price move. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 29 July 2026.