Buckle Inc key statistics and ratios

In fiscal 2026, Buckle Inc had return on equity of 49.4%, an operating margin of 20.1% and a current ratio of 1.89. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Buckle Inc: financial ratios, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Feb 2013	2014Feb 2014	2015Jan 2015	2016Jan 2016	2017Jan 2017	2018Feb 2018	2019Feb 2019	2020Feb 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Feb 2024	2025Feb 2025	2026Jan 2026	LTMAug 2026
Gross margin	44.6%	44.1%	44.1%	44.4%	44.3%	44.0%	43.0%	40.7%	41.6%	41.3%	41.9%	44.5%	50.4%	50.3%	49.1%	48.7%	49.0%	49.0%
Operating margin	22.2%	22.2%	22.2%	23.0%	22.8%	22.3%	20.5%	15.7%	14.7%	13.7%	14.6%	18.6%	25.9%	24.4%	21.5%	19.8%	20.1%	20.8%
Net margin	14.2%	14.2%	14.2%	14.6%	14.4%	14.1%	13.2%	10.0%	9.8%	10.8%	11.6%	14.4%	19.7%	18.9%	17.4%	16.1%	16.2%	16.6%
Free-cash-flow margin	12.0%	13.2%	16.2%	17.0%	12.9%	13.0%	11.1%	12.0%	11.6%	11.1%	13.7%	24.4%	22.6%	15.8%	17.2%	16.4%	15.9%	14.4%
Return on equity	35.9%	38.5%	42.7%	50.3%	49.9%	45.3%	38.4%	23.2%	21.8%	24.4%	26.7%	33.1%	71.8%	73.9%	55.7%	46.7%	49.4%	48.3%
Return on assets	26.0%	27.4%	29.5%	32.6%	31.7%	29.8%	26.4%	17.0%	16.0%	17.9%	15.0%	15.2%	31.3%	31.5%	25.5%	21.7%	22.0%	21.2%
Asset turnover	1.84	1.93	2.07	2.23	2.20	2.12	2.01	1.69	1.63	1.66	1.29	1.05	1.59	1.66	1.46	1.35	1.36	1.27
Current ratio	2.88	2.67	2.91	2.15	2.77	2.65	3.37	3.92	3.68	4.11	2.19	2.12	1.57	1.87	2.01	2.05	1.89	2.08
Debt to equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0%
Effective tax rate	37.6%	37.3%	37.0%	37.2%	37.6%	37.4%	37.3%	37.3%	35.7%	24.5%	24.2%	23.9%	24.6%	24.0%	24.0%	24.2%	24.0%	24.1%
SG&A as % of revenue	22.4%	21.9%	21.9%	21.5%	21.5%	21.7%	22.5%	25.1%	26.9%	27.7%	27.3%	25.8%	24.5%	25.9%	27.6%	28.9%	28.8%	28.1%
Capital spending as % of revenue	5.6%	5.8%	3.4%	2.7%	2.6%	3.9%	3.1%	3.2%	1.5%	1.1%	0.8%	0.8%	1.5%	2.3%	3.0%	3.5%	3.5%	5.0%
Free cash flow ÷ net income	84.4%	92.8%	114.0%	116.0%	89.3%	92.5%	84.7%	119.6%	118.5%	103.2%	118.1%	168.9%	114.8%	83.3%	98.8%	102.2%	98.1%	86.6%
Dividends ÷ net income	94.5%	114.6%	95.4%	155.0%	59.8%	108.6%	63.7%	86.6%	149.2%	102.2%	108.1%	98.7%	136.5%	79.7%	89.5%	101.3%	107.3%	102.0%
Dividends and buybacks ÷ free cash flow	112.1%	128.2%	83.9%	133.6%	66.9%	117.5%	77.7%	72.4%	126.0%	99.0%	91.6%	58.6%	118.8%	95.7%	90.5%	99.1%	109.4%	117.8%

US$ thousands unless shown otherwise. Fiscal quarters.

Buckle Inc: financial ratios, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Feb 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Nov 2025	2026 Q4Jan 2026	2027 Q1May 2026	2027 Q2Aug 2026
Gross margin	47.7%	52.6%	46.7%	47.4%	48.0%	52.6%	46.2%	47.8%
Operating margin	18.6%	25.4%	16.0%	18.4%	19.0%	25.2%	20.6%	17.4%
Net margin	15.0%	20.4%	12.9%	14.7%	15.2%	20.3%	16.2%	13.9%
Free-cash-flow margin	11.4%	29.3%	7.2%	15.2%	12.0%	25.4%	12.0%	5.3%
Current ratio	2.37	2.05	2.09	2.15	2.21	1.89	2.04	2.08
SG&A as % of revenue	29.1%	27.2%	30.7%	29.0%	29.0%	27.4%	25.6%	30.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 2 checks passed · August 1, 2026

What it owns · $1.1bn

Short-term assets $482mLonger-term assets $612m

What it owes, and who funded it · $1.1bn

Short-term liabilities $231mLonger-term liabilities $374mShareholders' equity $489m

Short-term assets cover short-term liabilities $482m of assets due within a year against $231m of liabilities due within a year.
Short-term assets cover long-term liabilities $482m short-term assets against $374m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Buckle Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

74 /100

Strong moat

How hard Buckle's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 20 / 20

Cash operating profit has been a median 25.0% of total assets over 10 years.
Pricing power 15 / 20

Gross margin has been a median 48.9%, moving by 3.9 percentage points (standard deviation) across 10 years.
Durability 15 / 20

Operating margin has been a median 20.2%; its worst year was 13.1%.
Cash conversion 18 / 20

Free cash flow was positive in 10 of 10 years, at a median 16.7% of revenue.
Discipline 11 / 20

The diluted share count rose 3.4% over five years.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (79 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Buckle Inc's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Buckle Inc.