📊 BOOT Key Takeaways
Investment Thesis
Boot Barn demonstrates solid operational execution with 14.6% revenue growth and strong free cash flow generation of $172.9M, supported by healthy profitability margins and low leverage. The company's balance sheet is well-positioned with a 2.4x current ratio and modest debt-to-equity of 0.15x, though the muted net income growth (0.0% YoY) despite revenue expansion suggests margin pressure that warrants monitoring.
BOOT Strengths
- Strong revenue growth of 14.6% YoY indicating market demand and expansion
- Robust free cash flow of $172.9M (10.1% FCF margin) supporting shareholder returns and reinvestment
- Healthy balance sheet with low leverage (0.15x debt-to-equity) and strong liquidity position
- Solid profitability metrics with 38.6% gross margin and 14.1% operating margin
- Positive ROE of 14.1% and ROA of 7.6% demonstrate efficient capital deployment
BOOT Risks
- Net income stagnation (0.0% YoY growth) despite 14.6% revenue growth signals margin compression and operational headwinds
- Quick ratio of 0.57x indicates potential inventory-heavy balance sheet typical of retail, creating working capital risk
- Retail sector vulnerability to economic cycles, consumer spending weakness, and inventory management challenges
- EPS growth of 22.5% decoupled from net income growth suggests share buyback dependency rather than organic profit growth
- Limited insider buying activity (1 Form 4 filing in 90 days) may reflect management confidence concerns
Key Metrics to Watch
- Net income and operating margin trends in next quarters to assess if compression continues
- Free cash flow sustainability and capital allocation between debt reduction, buybacks, and growth investments
- Inventory turnover and working capital management given low quick ratio
- Same-store sales growth and comparable store performance
- Gross margin expansion potential and ability to maintain pricing power in competitive retail environment
BOOT Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 2.40x current ratio provides a solid financial cushion.
BOOT Profitability Ratios
BOOT vs Consumer Sector
How Boot Barn Holdings, Inc. compares to Consumer sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BOOT Balance Sheet & Liquidity
BOOT 5-Year Financial Trend
5-Year Trend Summary: Boot Barn Holdings, Inc.'s revenue has grown significantly by 114% over the 5-year period, indicating strong business expansion. The most recent EPS of $5.62 reflects profitable operations.
BOOT Growth Metrics (YoY)
BOOT Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2026 | $608.2M | $29.4M | $2.43 |
| Q2 2026 | $425.8M | $29.4M | $0.95 |
| Q1 2026 | $423.4M | $38.9M | $1.26 |
| Q3 2025 | $520.4M | $27.7M | $1.81 |
| Q2 2025 | $374.5M | $27.7M | $0.90 |
| Q1 2025 | $383.7M | $34.3M | $1.13 |
| Q3 2024 | $514.6M | $27.7M | $1.74 |
| Q2 2024 | $351.5M | $27.7M | $0.90 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BOOT Capital Allocation
BOOT SEC Filings
Access official SEC EDGAR filings for Boot Barn Holdings, Inc. (CIK: 0001610250)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BOOT
What is the AI rating for BOOT?
Boot Barn Holdings, Inc. (BOOT) has an AI rating of BUY with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BOOT's key strengths?
Strong revenue growth of 14.6% YoY indicating market demand and expansion. Robust free cash flow of $172.9M (10.1% FCF margin) supporting shareholder returns and reinvestment.
What are the risks of investing in BOOT?
Net income stagnation (0.0% YoY growth) despite 14.6% revenue growth signals margin compression and operational headwinds. Quick ratio of 0.57x indicates potential inventory-heavy balance sheet typical of retail, creating working capital risk.
What is BOOT's revenue and growth?
Boot Barn Holdings, Inc. reported revenue of $1.7B.
Does BOOT pay dividends?
Boot Barn Holdings, Inc. pays dividends, with $41.3M distributed to shareholders in the trailing twelve months.
Where can I find BOOT SEC filings?
Official SEC filings for Boot Barn Holdings, Inc. (CIK: 0001610250) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BOOT's EPS?
Boot Barn Holdings, Inc. has a diluted EPS of $5.90.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.