Is the business good?
How good a business is BOOT?
Boot Barn Holdings, Inc. earns 20% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
20%
Return on invested capital · cost of capital 9.0% · 11 points above what the capital costs: growth creates value
- Operating margin
- 13%
Operating margin · Apparel Retail median 11% · 12 months to Q4 2026
- Cash conversion
- 0.56×
Cash conversion · −0.00× a year ago · some of the reported profit has not turned into cash yet
- Gross margin
- 38%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | 9.7% |
| FY2022 | 17% |
| FY2023 | 14% |
| FY2024 | 12% |
| FY2025 | 13% |
| FY2026 | 13% |
Details›
- Gross margin12 months to Q4 2026
- 38%
- Operating margin12 months to Q4 2026
- 13%
- Net margin12 months to Q4 2026
- 10%
- Free cash flow margin
- 5.6%
- Revenue, trailing twelve months
- $2.25B
- Free cash flow, trailing twelve months
- $126M
- Net income, trailing twelve months
- $226M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 20%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.