Boot Barn Holdings, Inc.: financial statements

BOOTNYSEConsumer cyclical · Retail-Shoe Stores

Price

$137.61

November 13, 2026Market cap $4.2B

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The full history: 14 fiscal years, from FY2013
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More questions to the chat on its filings
Excel with every year
An email when it reports, changes its dividend or an officer buys

Notes on these figures

The share price has risen 21% since Oct 28, 2026, when the 10-Q these figures come from was filed ($113.30 then, $137.61 on Nov 13, 2026). The figures date from before that move.10-Q

Financial statements

Each fiscal year's income statement, balance sheet and cash flow as the company filed them, and the latest quarters.

FY2024–FY2026 fiscal years

Click a line to see it on the chart.

Revenue

Line	FY2024	FY2025	FY2026
Revenue	$1.7B	$1.9B	$2.3B
Cost of revenue	$1.1B	$1.2B	$1.4B
Gross profit	$614M	$717M	$858M
Operating income	$198M	$239M	$299M
Net income	$147M	$181M	$226M
Earnings per share	$4.80	$5.88	$7.35
Earnings per share, basic	$4.87	$5.93	$7.40
Margins
Gross margin	36.9%	37.5%	38.1%
Operating margin	11.9%	12.5%	13.3%
Net margin	8.8%	9.5%	10.0%

Financial statements

BOOT's revenue, profits and cash flows from FY2013 to FY2023, 11 more fiscal years

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Amounts are in dollars as the company filed them in its annual reports (10-K or 20-F). Those reporting in another currency are converted at each fiscal year-end rate. Shares and earnings per share are adjusted for splits.

Debt and obligations

What the company owes beyond the loans on its balance sheet, and when it pays, from the notes to its annual report: debt maturities, leases, pension plans, goodwill by segment, and how it gets to the tax it pays.

$773M Leases24.9% Effective tax rate

Leases

Mar 31, 2026

Operating leases

$760M

Finance leases

$13M

The liability is the present value of the rent still to pay, at March 31, 2026. It is not counted in the ladder's debt. The filing

Goodwill by segment

Mar 31, 2026

Total goodwill

$198M

The company does not state its goodwill by segment, at March 31, 2026. The filing

From the statutory to the effective tax rate, FY2026

Mar 31, 2026

Statutory rate

21.0%

Effective rate

24.9%

+3.9 pts

The company paid 24.9% in tax on its profit, 3.9 points above the US federal rate (21.0%). Below, the reasons it gives.

Statutory rate

21.0%

State and local taxes

+3.7 pts

Difference the filing does not itemize

+0.2 pts

Effective rate

24.9%

One point is 1% of profit before tax. The lines are as the company states them in the notes to its annual report. The filing

Earnings quality

How the reported earnings were made, read from the filings. A description, not a score: our tests found no link between these measures and later share returns.

Where the change in earnings per share came from

Diluted earnings per share went from $5.88 in the fiscal year to Mar 29, 2025 to $7.35 in the year to Mar 28, 2026, a change of +$1.47.

Measured by size, 2.9% of the movement came from outside sales and operating margin: interest and other items, the tax rate, what went to others and the share count.

: +$1.08
: +$0.38
: +$0.02
: -$0.02
: +$0.01

Earnings per share is split as sales times operating margin, plus interest and other items, after tax, times the part that goes to the common shareholders, divided by the diluted share count. Each source's part is its average effect over every order in which the six can change, so the parts add up exactly to the change. From the annual reports; net income over the diluted count matches the earnings per share the company filed within 2%.

Receivables and inventory against sales

In the quarter to Sep 26, 2026, sales were +15.1% on the same quarter a year earlier, and receivables +15.4%. Inventory was +14.1%, against +13.7% for the cost of sales.

a year earlier 2 days: 2 days
a year earlier 240 days: 240 days

Balances at Sep 26, 2026 and Sep 27, 2025, against the sales and cost of sales of the quarter ending on each date; a fourth quarter is the fiscal year less its first nine months. Same quarter against same quarter, so the season is the same.

Taxes: deferred and paid

The deferred part was 16.6% of the tax charge in the year to Mar 28, 2026. The rows show the last 3 years.

Cash taxes paid were 99.6% of the current tax charge in the year to Mar 28, 2026.

Deferred share, year to Mar 28, 2026$12M of $75M: 16.6%
Deferred share, year to Mar 29, 2025-$2.7M of $59M: -4.6%
Deferred share, year to Mar 30, 2024$8.8M of $50M: 17.4%
$62M paid, $62M current: 99.6%

When profit in the accounts runs ahead of taxable profit, the deferred part grows. It also moves for reasons unrelated to how earnings are booked: tax-law changes, the use of past losses, and the US rule since 2022 that spreads research costs over five years. Where the notes report it, the tax-rate bridge under Debt and obligations shows how the rate gets from the statutory one to the effective one.

The allowance for doubtful accounts is not shown: the company does not tag it in its structured filings.

A reading is called out when it is above the 90th percentile of the same reading across the S&P 500, or, for a fall, below the 10th, as measured on 9 November 2026. Each part uses only the company's own filings.

The full analysis

What do Boot Barn's filings show?

These are Boot Barn's figures from its filings. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

A fair value range built from the filings
Earnings quality, debt and red flags
Insider and institutional moves
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Questions about BOOT's financials

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How much revenue did BOOT have in FY2026?

Boot Barn had revenue of $2.3B and net income of $226M in fiscal FY2026, a net margin of 10.0%.

How much debt does BOOT have?

On March 28, 2026 Boot Barn had total assets of $2.5B, debt of – and shareholders' equity of $1.3B.

How much free cash flow does BOOT have?

In fiscal FY2026 Boot Barn had cash from operations of $305M and spent $179M on capital expenditure, leaving $126M of free cash flow.

Where are the figures from?

From Boot Barn Holdings, Inc.'s annual and quarterly reports to the SEC, read from the structured data (XBRL) it files itself.

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

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The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.