Ollie's Bargain Outlet Holdings, Inc. key statistics and ratios

In fiscal 2026, Ollie's Bargain Outlet Holdings, Inc. had return on equity of 13.4%, an operating margin of 11.2%, debt equal to 0.1% of equity and a current ratio of 2.41. 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.

Ollie's Bargain Outlet Holdings, Inc.: financial ratios, annual
Fiscal year	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	40.1%	39.7%	39.7%	40.5%	40.1%	40.1%	39.5%	40.0%	38.9%	35.9%	39.6%	40.3%	40.5%	41.6%
Operating margin	9.3%	9.8%	10.4%	11.5%	12.6%	13.1%	12.2%	15.3%	11.7%	7.2%	10.8%	11.0%	11.2%	12.3%
Net margin	3.6%	4.2%	4.7%	6.7%	11.8%	10.9%	10.0%	13.4%	9.0%	5.6%	8.6%	8.8%	9.1%	9.8%
Free-cash-flow margin	1.9%	2.8%	4.2%	5.7%	7.1%	4.2%	2.0%	18.3%	0.6%	3.4%	6.2%	4.7%	7.3%	8.0%
Return on equity	4.4%	6.3%	7.3%	9.9%	17.6%	15.5%	14.1%	20.3%	12.0%	7.8%	12.6%	12.5%	13.4%	14.5%
Return on assets	—	2.9%	3.9%	6.0%	12.3%	12.3%	10.2%	13.5%	7.9%	5.1%	8.4%	8.2%	8.7%	9.1%
Asset turnover	—	0.70	0.82	0.90	1.04	1.13	1.02	1.00	0.88	0.91	0.97	0.94	0.96	0.93
Current ratio	—	2.19	2.31	2.98	2.22	2.37	2.44	2.85	2.76	2.91	2.76	3.27	2.41	2.23
Debt to equity	0.0%	77.1%	36.2%	29.0%	4.9%	0.0%	0.0%	0.0%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
Interest cover (operating income ÷ interest)	2.9x	3.4x	5.2x	—	—	—	—	—	—	—	—	—	—	—
Effective tax rate	36.6%	38.4%	37.6%	37.9%	2.2%	16.0%	18.3%	12.6%	23.0%	23.2%	25.2%	24.8%	24.0%	24.6%
SG&A as % of revenue	28.4%	28.0%	27.5%	27.3%	25.8%	25.2%	25.3%	23.2%	25.5%	26.9%	26.8%	27.0%	26.8%	27.0%
Capital spending as % of revenue	1.8%	2.2%	1.9%	1.8%	1.8%	6.0%	5.5%	1.7%	2.0%	2.8%	5.9%	5.3%	3.8%	4.2%
Free cash flow ÷ net income	51.8%	65.9%	88.3%	84.8%	60.1%	38.4%	20.1%	136.3%	6.4%	61.0%	71.7%	53.5%	80.9%	81.6%
Dividends ÷ net income	—	215.3%	136.3%	0.0%	0.0%	—	—	—	—	—	—	—	—	—
Dividends and buybacks ÷ free cash flow	456.7%	326.8%	154.4%	0.0%	0.0%	0.0%	141.1%	0.1%	>999%	66.7%	40.4%	49.6%	37.9%	81.8%

US$ thousands unless shown otherwise. Fiscal quarters.

Ollie's Bargain Outlet Holdings, 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	41.4%	40.7%	41.1%	39.9%	41.3%	39.9%	41.9%	43.5%
Operating margin	8.6%	13.2%	9.7%	11.3%	9.0%	14.0%	10.6%	14.6%
Net margin	6.9%	10.3%	8.2%	9.0%	7.5%	11.0%	8.6%	11.5%
Free-cash-flow margin	−6.8%	18.5%	0.3%	8.0%	−4.2%	21.1%	3.0%	8.7%
Current ratio	2.91	3.27	2.87	2.63	2.50	2.41	2.32	2.23
Debt to equity	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
SG&A as % of revenue	29.9%	25.5%	28.6%	25.8%	29.4%	24.2%	28.6%	26.6%

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

7 of 7 checks passed · August 1, 2026

What it owns · $3.0bn

Short-term assets $917mLonger-term assets $2.1bn

What it owes, and who funded it · $3.0bn

Short-term liabilities $412mLonger-term liabilities $720mShareholders' equity $1.9bn

Short-term assets cover short-term liabilities $917m of assets due within a year against $412m of liabilities due within a year.
Short-term assets cover long-term liabilities $917m short-term assets against $720m of longer-dated liabilities.
More cash than debt $121m of cash against $1m of debt.
Debt below 40% of shareholders' equity Debt is 0% of equity.
Debt burden no higher than five years ago Debt to equity moved from 0% to 0% over five years.
A year's operating cash flow covers at least 20% of debt $341m of operating cash flow against $1m of debt.
Operating profit covers interest at least five times over No material interest expense reported.

From Ollie's Bargain Outlet Holdings, 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

66 /100

Moderate moat

How hard Ollie's Bargain Outlet 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 15 / 20

Cash operating profit has been a median 11.7% of total assets over 10 years.
Pricing power 14 / 20

Gross margin has been a median 40.0%, moving by 1.6 percentage points (standard deviation) across 10 years.
Durability 11 / 20

Operating margin has been a median 12.1%; its worst year was 7.0%.
Cash conversion 12 / 20

Free cash flow was positive in 9 of 10 years, at a median 6.7% of revenue.
Discipline 19 / 20

The diluted share count fell 7.3% 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 (72 before it).

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

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Figures from Ollie's Bargain Outlet Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ollie's Bargain Outlet Holdings, Inc.