Boot Barn Holdings (BOOT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Boot Barn Holdings

NYSE•Consumer Cyclical•Apparel Retail

$133.59-3.73(-0.03%)Pre-market

Market Cap

$4.04B

P/E

16.0x

P/S

1.7x

P/B

2.9x

Boot Barn Holdings, Inc. operates specialty retail stores in the United States and internationally. The company's lifestyle retail chain engages in the sale of western and work-related footwear, apparel and accessories for men, women, and kids. It offers denim, western shirts, cowboy hats, belts and belt buckles, rugged footwear, outerwear, overalls, shirts, safety-toe boots, hats, flame-resistant and high-visibility clothing, and western-style jewelry and accessories, as well as gifts and home merchandise. The company provides its products under the Ariat, Cinch, Cody James, Dan Post, Durango, Horsepower, Idyllwind, Justin, Kimes Ranch, Laredo, Levi's, Miss Me, Montana Silversmiths, Moonshine Spirit, Resistol, Shyanne, Stetson, Tony Lama, Twisted X, Wrangler, Brunt, Carhartt, Cody James Work, Georgia Boot, Hawx, Thorogood, Timberland Pro, Wolverine, Rank 45, Cody James Black 1978, Gibson, Cleo + Wolf, and El Dorado brand names. It sells its products through various e-commerce platform, including websites, mobile app, and third-party marketplaces, as well as retail stores under the Boot Barn brand name. The company was formerly known as WW Top Investment Corporation and changed its name to Boot Barn Holdings, Inc. in June 2014. Boot Barn Holdings, Inc. was founded in 1978 and is based in Irvine, California.

How this company scores

GoodMetricSide Score: 74/100

Strongest: Growth (25/25); weakest: Cash & Earnings Quality (15/25).

Profitability19/25

Growth25/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality15/25

Strengths

Growing revenueRising free cash flowHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.0x5y range 16.0x – 27.7x

Currently below its 20-quarter median.

P/S · 1.7x5y range 1.7x – 2.8x

Currently below its 20-quarter median.

P/B · 2.9x5y range 2.8x – 6.9x

Currently below its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $4.04B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.42B
Q. Revenue: $581.81M
TTM EBITDA: $420.79M
TTM Op. Income: $332.78M
Q. Op. Income: $70.25M
TTM Net Income: $252.86M
Q. Net Income: $52.49M
EPS: $1.74
Shares Out.: $30.24M

$2.42B in TTM revenue grew 16.8% YoY, reaching $581.81M last quarter. TTM EBITDA of $420.79M and TTM operating income of $332.78M show growth is flowing through to the bottom line. TTM net income of $252.86M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 37.2%
EBITDA Margin: 16.2%
Op. Margin: 12.1%
Net Margin: 9.0%

Op. margin of 12.1% is up 0.9% YoY — cost efficiency is improving. Net margin at 9.0% and gross margin of 37.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 8% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 16.0x
P/S Ratio: 1.7x
P/B Ratio: 2.9x

At 16.0x P/E, the stock trades within typical market levels. P/S of 1.7x and P/B of 2.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 36% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.66B
Cash: $97.42M
Long-Term Debt: N/A
Book Value: $1.38B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $39.90M
TTM Free Cash Flow: $127.48M
FCF Margin: 5.3%
FCF / Net Income: 0.5

TTM FCF of $127.48M on $39.90M in operating cash flow. The FCF / Net Income ratio of 0.5x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 128% — an improving trend.