Buckle vs Boot Barn
Boot Barn reported revenue of $2.3 billion in fiscal 2026, 1.7 times Buckle's $1.3 billion in fiscal 2025. Buckle's revenue grew 6.6% in its latest year, and Boot Barn's grew 17.9%. Buckle had an operating margin of 20.1%, against 13.3% at Boot Barn. Free cash flow was $206 million at Buckle and $126 million at Boot Barn. Their fiscal years end in different months (January 31 and March 28), so the periods don't line up exactly.
Side by side
| Buckle | Boot Barn | |
|---|---|---|
| Latest fiscal year | FY2025, Jan 31, 2026 | FY2026, Mar 28, 2026 |
| Revenue | $1.3B | $2.3B |
| Revenue growth | 6.6% | 17.9% |
| Revenue growth a year, last 5 years | 7.6% | 20.3% |
| Gross margin | 49.0% | 38.1% |
| Operating margin | 20.1% | 13.3% |
| Net margin | 16.2% | 10.0% |
| Free cash flow | $206M | $126M |
| Free cash flow margin | 15.9% | 5.6% |
| Return on capital | — | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $225M | $50M |
| Change in diluted share count | 0.8% | −0.1% |
| Last close | $46.58 | $114.18 |
| P/E at the last close | 10.7× | 14.5× |
| Insider trades, last 12 months | sold $7.1 million | sold $1.7 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
BuckleBoot Barn
Operating margin
Percent of revenue
BuckleBoot Barn
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BuckleBoot Barn