Boot Barn Holdings, Inc. BOOT

Consumer discretionary SIC 5661 - Retail-Shoe Stores NAICS Retail Trade › Clothing, Clothing Accessories, Shoe, and Jewelry Retailers › Shoe Retailers derived 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 115.18 2026-10-23
Market cap $3.49B 2026-06-27 share count
52-week range 110.53 - 210.25

Valuation FY2025 figures against the last close

P/S1.5x
P/E15.7x
P/FCF27.6x
EV/EBITDA9.2x
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.) 30.7M30.8M30.6M30.4M30.4M29.5M29.2M28.8M27.5M26.9M

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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 629.8M Gross profit, FY2016: 189.9M Net income, FY2016: 14.2M Revenue, FY2017: 677.9M Gross profit, FY2017: 207.9M Net income, FY2017: 28.9M Revenue, FY2018: 776.9M Gross profit, FY2018: 251.4M Net income, FY2018: 39M Revenue, FY2019: 845.6M Gross profit, FY2019: 276.5M Net income, FY2019: 47.9M Revenue, FY2020: 893.5M Gross profit, FY2020: 294.9M Net income, FY2020: 59.4M Revenue, FY2021: 1.5B Gross profit, FY2021: 575.1M Net income, FY2021: 192.4M Revenue, FY2022: 1.7B Gross profit, FY2022: 610.6M Net income, FY2022: 170.6M Revenue, FY2023: 1.7B Gross profit, FY2023: 614.4M Net income, FY2023: 147M Revenue, FY2024: 1.9B Gross profit, FY2024: 717M Net income, FY2024: 180.9M Revenue, FY2025: 2.3B Gross profit, FY2025: 858.4M Net income, FY2025: 225.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $629.8M $677.9M $776.9M $845.6M $893.5M $1.49B $1.66B $1.67B $1.91B $2.25B
Gross profit $189.9M $207.9M $251.4M $276.5M $294.9M $575.1M $610.6M $614.4M $717.0M $858.4M
Net income $14.2M $28.9M $39.0M $47.9M $59.4M $192.4M $170.6M $147.0M $180.9M $225.9M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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