Boot Barn Holdings, Inc. key statistics and ratios
In fiscal 2026, Boot Barn Holdings, Inc. had return on equity of 18.4% and a net margin of 10.0%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2013Mar 2013 | 2014Mar 2014 | 2015Mar 2015 | 2016Mar 2016 | 2017Apr 2017 | 2018Mar 2018 | 2019Mar 2019 | 2020Mar 2020 | 2021Mar 2021 | 2022Mar 2022 | 2023Apr 2023 | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | 0.3% | 1.6% | 3.4% | 1.7% | 2.3% | 4.3% | 5.0% | 5.7% | 6.6% | 12.9% | 10.3% | 8.8% | 9.5% | 10.0% | 10.4% |
| Return on equity | 0.8% | 6.6% | 12.1% | 6.5% | 8.3% | 14.6% | 16.3% | 16.4% | 16.6% | 38.7% | 24.8% | 17.1% | 17.4% | 18.4% | 18.7% |
| Return on assets | — | 1.8% | 4.4% | 2.3% | 2.6% | 5.0% | 6.4% | 6.1% | 6.4% | 18.0% | 12.6% | 9.1% | 9.7% | 10.1% | 9.9% |
| Effective tax rate | 54.8% | 37.0% | 38.1% | 43.0% | 38.6% | 7.4% | 18.7% | 20.5% | 23.1% | 23.8% | 24.5% | 25.5% | 24.6% | 24.9% | 24.6% |
| SG&A as % of revenue | 26.8% | 26.6% | 24.7% | 25.0% | 24.1% | 23.8% | 24.1% | 24.0% | 23.3% | 21.3% | 22.9% | 25.0% | 25.0% | 24.8% | 24.8% |
| Dividends ÷ net income | — | — | 300.9% | — | — | — | — | — | — | — | — | — | — | — | — |
Financial health
- Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $461m of liabilities due within a year.
- Short-term assets cover long-term liabilities $1.1bn short-term assets against $819m 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.
Moat
Moderate moat
How hard Boot Barn Holdings'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 8 / 20
Cash operating profit has been a median 6.9% of total assets over 10 years.
- Pricing power 12 / 20
Gross margin has been a median 36.6%, moving by 3.1 percentage points (standard deviation) across 10 years.
- Durability 8 / 20
Operating margin has been a median 12.3%; its worst year was 4.7%.
- Cash conversion 11 / 20
Free cash flow was positive in 9 of 10 years, at a median 3.6% of revenue.
- Discipline 16 / 20
The diluted share count rose 1.9% over five years; stock-based pay has been a median 0.6% of revenue.
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 (55 before it).
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