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Operates specialty retail stores selling western and work-related footwear, apparel and accessories in the US.
Operates specialty retail stores selling western and work-related footwear, apparel and accessories in the US.
Sells mainly other makers' boots and clothing, with its own private-label brands growing alongside and earning higher margins, through stores and a website. Growth comes from opening stores in new states as much as from sales at existing ones.
Moat: narrow (scale, brand, distribution). Largest western/work retail chain in the US with growing private-label margin mix.
Headquarters: Irvine, California, US · Founded: 1978 · Employees: 12,700
Size Boot Barn (BOOT) is a United States Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $3.92B, the 1361st largest of 3,117 United States companies the cockpit tracks. Shares closed at $130.96 on 6 Nov 2026.
Performance Over six months the shares fell 19.8%, against +16.2% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 16.8% over the last twelve months (peer median +7.7%); the operating margin is 13.8% (peer median 9.6%).
Valuation It trades at 14.6× forward earnings against a peer median of 14.3× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.3 points above its cost of capital (12.0% WACC).
Short interest Short interest is 8.0% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.42B | $2.25B | $1.91B | $1.67B | $1.66B |
| Revenue growth | — | +18% | +15% | +1% | — |
| Gross profit | $933M | $858M | $717M | $614M | $611M |
| EBITDA | $421M | $378M | $302M | $248M | $316M |
| Net income | $253M | $226M | $181M | $147M | $171M |
| Free cash flow | $127M | $126M | -$753,000 | $117M | -$35.6M |
| Capital expenditure | $202M | $179M | $148M | $119M | $125M |
| Total debt | $858M | $773M | $563M | $467M | $448M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Boot Barn BOOT | $3.92B | -20% | +17% | 14% | 14.6× | 14.3% |
| Tractor Supply TSCO | $18.9B | +20% | +4% | 9% | 18.0× | 4.1% |
| Dick's Sporting Goods DKS | $12.5B | -35% | +54% | 6% | 11.8× | 8.7% |
| Academy Sports and Outdoors ASO | $4.14B | +24% | +4% | 10% | 9.9× | -1.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BOOT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.7% | +6.5% | 10th highest of 21 |
| 6-month return | -19.8% | +16.2% | 4th lowest of 21 |
| Distance from 52-week high | -37.7% | -17.7% | lowest of 21 |
| Revenue growth (TTM) | +16.8% | +7.7% | 4th highest of 21 |
| Operating margin | 13.8% | 9.6% | 6th highest of 21 |
| Forward P/E | 14.6× | 14.3× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 14.3% | 9.4% | 9th most demanding of 20 |
| Growth delivered (Del g) | +20.3% | +11.4% | 4th highest of 20 |
| Hurdle (Req g minus delivered) | -6.0 pp | -5.4 pp | 10th least demanding of 20 |
| ROIC minus cost of capital | +0.3 pp | +3.8 pp | 8th lowest of 21 |
| EV / EBITDA | 11.1× | 8.9× | 6th most expensive of 19 |
| Net debt / EBITDA | 1.8× | 1.1× | 7th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Boot Barn BOOT | United States | $3.92B | -20% | +17% | 14% | 14.6× | 14.3% | +20.3% |
| American Eagle Outfitters AEO | United States | $3.34B | +19% | +8% | 9% | 11.1× | 0.9% | +8.1% |
| Vishal Mega Mart VMM.NS | India | $4.67B | -25% | +18% | 9% | 43.8× | 32.3% | +19.4% |
| SHIMAMURA 8227.T | Japan | $4.69B | +2% | +5% | 9% | 14.3× | -9.9% | +5.2% |
| JD Sports Fashion JD..L | United Kingdom | $6.03B | +37% | +2% | 7% | 9.0× | 1.4% | +15.5% |
| Abercrombie & Fitch ANF | United States | $6.35B | +57% | +5% | 14% | 12.1× | -2.7% | +11.0% |
| Sailvan Times 301381.SZ | China | $2.39B | +25% | +14% | 4% | 25.4× | 14.9% | +17.6% |
| Metro Brands METROBRAND.NS | India | $2.39B | -20% | +16% | 19% | 49.2× | 34.1% | +29.1% |
| Buckle BKE | United States | $2.16B | -20% | +6% | 22% | 10.3× | -5.2% | +7.6% |
| Capri CPRI | United States | $2.12B | +11% | -14% | 3% | 9.4× | 21.3% | -3.1% |
| Urban Outfitters URBN | United States | $7.26B | +18% | +11% | 10% | 13.1× | 6.9% | +12.3% |
| Gap GAP | United States | $7.55B | -8% | +1% | 11% | 8.4× | -2.3% | +2.2% |
| Modivo MDV.WA | Poland | $2.01B | +29% | +4% | 2% | 34.1× | 23.3% | +15.9% |
| Victoria's Secret & VSXY | United States | $8.62B | +125% | +10% | 8% | 21.4× | 20.0% | +3.9% |
| OVS OVS.MI | Italy | $1.74B | +15% | +10% | 7% | 14.8× | 12.8% | +11.4% |
| PAL 2726.T | Japan | $1.58B | -4% | +7% | 11% | 13.6× | -15.4% | +16.7% |
| Premier Investments PMV.AX | Australia | $1.57B | +22% | -3% | 14% | 14.9× | 9.4% | -11.0% |
| Meesho MEESHO.NS | India | $11.4B | +17% | +34% | -9% | n/a | n/a | n/a |
| Aritzia ATZ.TO | Canada | $12.5B | +9% | +40% | 16% | 27.1× | 22.0% | +34.0% |
| Lpp LPP.WA | Poland | $13.0B | +36% | +15% | 13% | 17.4× | 17.5% | +24.1% |
| Carter's CRI | United States | $1.17B | -9% | +5% | 10% | 9.9× | -13.2% | -0.8% |