Boot Barn Holdings, Inc. BOOT

Consumer discretionary SIC 5661 - Retail-Shoe Stores NYSE

We are the largest lifestyle retail chain devoted to western and work-related footwear, apparel and accessories in the United States. With 539 stores in 49 states as of March 28, 2026, we have more than four times as many stores as

our nearest direct competitor that sells primarily western and work wear, and believe we have the potential to grow our domestic store base to 1,200 stores. Our stores, which are typically freestanding or located in strip centers, average 11,400 selling square feet and feature a comprehensive assortment of brands and styles, coupled with attentive, knowledgeable store associates. We target a broad and growing demographic, ranging from passionate western and country enthusiasts to workers seeking dependable, high-quality footwear and apparel. We strive to offer an authentic, one-stop shopping experience that fulfills the everyday lifestyle needs of our customers and, as a result, many of our customers make purchases in both the western and work wear sections of our stores. Our store environment, product offering and marketing materials represent the aesthetics of the true American West, country music and rugged, outdoor work. These threads are woven together in our vision, "To offer everyone a piece of the American spirit – one handshake at a time."

Last close 154.29 2026-09-04
Market cap $4.67B 2026-06-27 share count
52-week range 133.18 - 210.25

Valuation FY2025 figures against the last close

P/S2.1x
P/E21.0x
P/FCF37.0x
EV/EBITDA12.4x
Dividend yield
Diluted EPS7.35

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.25B$1.91B$1.67B$1.66B$1.49B$893.5M$845.6M$776.9M$677.9M$629.8M
Cost of revenue $1.40B$1.19B$1.05B$1.05B$913.2M$598.6M$569.1M$525.4M$470.0M$439.9M
Gross profit $858.4M$717.0M$614.4M$610.6M$575.1M$294.9M$276.5M$251.4M$207.9M$189.9M
SG&A $559.2M$477.7M$416.2M$378.8M$316.7M$208.6M$202.8M$187.1M$161.7M$152.1M
Total operating expenses $161.7M$152.1M
Operating income $299.1M$239.4M$198.2M$231.8M$258.3M$86.3M$73.7M$64.3M$46.3M$37.8M
Interest expense $16.3M$15.1M$14.7M
Pre-tax income $300.6M$240.1M$197.4M$225.9M$252.6M$77.2M$60.3M$48.0M$31.2M$23.1M
Income tax $74.7M$59.2M$50.4M$55.3M$60.1M$17.9M$12.4M$9.0M$2.3M$8.9M
Net income $225.9M$180.9M$147.0M$170.6M$192.4M$59.4M$47.9M$39.0M$28.9M$14.2M
EPS, basic 7.405.934.875.726.512.051.681.391.080.54
EPS, diluted 7.355.884.805.626.332.011.641.351.050.53
Shares, diluted (wtd. avg.) $30.7M$30.8M$30.6M$30.4M$30.4M$29.5M$29.2M$28.8M$27.5M$26.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $141.0M$69.8M$75.8M$18.2M$20.7M$73.1M$69.6M$16.6M$9.0M$8.0M
Receivables $15.3M$10.3M$10.0M$13.1M$9.7M$12.8M$12.1M$8.1M$4.4M$4.4M
Inventory $844.6M$747.2M$599.1M$589.5M$474.3M$275.8M$288.7M$240.7M$211.5M$189.1M
Total current assets $1.03B$864.0M$729.6M$669.2M$541.8M$374.5M$384.7M$277.3M$241.1M$224.3M
Property, plant and equipment $514.1M$422.1M$323.7M$257.1M$155.2M$110.4M$109.6M$98.7M$89.2M$82.7M
Goodwill $197.5M$197.5M$197.5M$197.5M$197.5M$197.5M$197.5M$195.9M$193.1M$193.1M
Other intangibles $59.0M$58.7M$58.7M$60.8M$60.8M$60.9M$61.0M$62.8M$63.4M$64.5M
Total assets $2.45B$2.02B$1.71B$1.52B$1.20B$933.6M$924.7M$636.1M$587.9M$565.6M
Accounts payable $142.1M$134.4M$132.9M$134.2M$131.4M$104.6M$95.3M$105.0M$90.0M$77.5M
Total current liabilities $391.0M$353.3M$312.8M$374.8M$336.5M$221.7M$312.6M$151.9M$151.0M$147.8M
Total liabilities $1.13B$887.0M$761.9M$740.9M$600.2M$538.7M$603.0M$371.9M$373.3M$385.7M
Retained earnings $1.13B$904.0M$723.0M$576.0M$405.5M$213.0M$153.6M$105.7M$66.7M$37.8M
Total equity $1.32B$1.13B$943.6M$776.5M$599.7M$394.9M$321.7M$264.2M$214.6M$179.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $304.9M$147.5M$236.1M$88.9M$88.9M$155.9M$25.3M$63.3M$44.2M$41.2M
Depreciation and amortisation $78.7M$62.5M$49.5M$35.9M$27.3M$24.1M$21.2M$18.3M$16.0M$14.6M
Stock-based compensation $16.1M$11.0M$12.9M$9.7M$9.5M$7.2M$4.9M$2.9M$2.2M$3.0M
Capital expenditure $178.6M$148.3M$118.8M$124.5M$60.4M$28.4M$37.2M$27.5M$24.4M$22.3M
Investing cash flow -$178.8M-$148.2M-$118.8M-$124.5M-$60.4M-$28.4M-$40.2M-$31.8M-$23.6M-$23.6M
Financing cash flow -$54.8M-$5.4M-$59.6M$33.2M-$80.9M-$123.9M$67.8M-$23.9M-$19.7M-$16.7M
Buybacks $50.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-084071.

Others in SIC 5661

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