BOOTBoot Barn Holdings, Inc.
Retail-Shoe Stores
- Revenue
- $2.3B
- 18% YoY
- Operating margin
- 13.3%
- 6.0% YoY
- EBITDA
- $378M
- 25% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.4×
- $161M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear135% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear30% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear7% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | $1.7B | $1.9B | $2.3B | 18% |
| Operating income | $258M | $232M | $198M | $239M | $299M | 25% |
| Net income | $192M | $171M | $147M | $181M | $226M | 25% |
| Operating cash flow | $89M | $89M | $236M | $148M | $305M | 107% |
| Capex | $60M | $125M | $119M | $148M | $179M | 20% |
| Stock-based comp | $9M | $10M | $13M | $11M | $16M | 47% |
| Buybacks | — | — | — | — | $50M |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 236 | 118 |
| FY2025 | — | — | 165 | 113 |
| FY2024 | — | — | 150 | 148 |
| FY2023 | — | — | 121 | 101 |
| FY2022 | — | — | 153 | 83 |