Bath & Body Works
BBWI NYSE· Other Specialty Retail
Last close · Oct 26, 2026
$21.38
KIRA · Stoqly’s AI analyst, in plain words
- Bath & Body Works had $7.3B of revenue in fiscal 2025, down 0.2% on the year before. Over five years, revenue changed +2.5% a year on average.
- Its operating margin was 15.4%, down 1.9 pts: of every 100 in sales, about 15 is left after running the business.
- Bath & Body Works made $649M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −2.7% a year.
- Free cash flow was $865M in fiscal 2025, 11.9% of revenue.
- Bath & Body Works returned $568M to shareholders in fiscal 2025, 66% of free cash flow. The diluted share count fell 5.4%.
- Bath & Body Works owes $2.9B more than it holds in cash, about 2.1 years of operating profit.
Market cap
$4.3B
P/E
5.6x
Revenue
$7.3B
Net income
$649M
Free cash flow
$865M
Operating margin
15.4%
Bath & Body Works in 30 seconds · fiscal 2025
Are sales growing?
−0.2%
No. Sales fell 0.2% last year.
Does it make a profit?
8.9%
A little. It keeps 8.9% of every sale as profit.
Does profit turn into cash?
11.9%
Yes. 11.9% of sales ends up as free cash.
Is debt under control?
2.1x
Keep an eye on it. Repaying its debt would take 2.1 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
5.6x
One share costs 5.6 times its yearly profit per share. Typical for its sector: 17.9x.
What Bath & Body Works does
No business description yet.
- Fiscal year ends
- January 31, 2026
- Latest annual report
- 10-K · Mar 12, 2026
- Legal name
- BATH & BODY WORKS, INC.
- CIK
- 0000701985
Bath & Body Works · BBWI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $7.9B | $7.6B | $7.4B | $7.3B | $7.3B |
| Revenue growth | 22.5% | −4.1% | −1.7% | −1.6% | −0.2% |
| Gross margin | 48.9% | 43.1% | 43.6% | 44.3% | 43.7% |
| Operating margin | 25.5% | 18.2% | 17.3% | 17.3% | 15.4% |
| Net income | $1.3B | $800M | $878M | $798M | $649M |
| Net margin | 16.9% | 10.6% | 11.8% | 10.9% | 8.9% |
| Diluted EPS | $4.88 | $3.43 | $3.84 | $3.61 | $3.11 |
| Cash | |||||
| Cash from operations | $1.5B | $1.1B | $954M | $886M | $1.1B |
| Capital expenditure | $270M | $328M | $298M | $226M | $237M |
| Free cash flow | $1.2B | $816M | $656M | $660M | $865M |
| FCF margin | 15.5% | 10.8% | 8.8% | 9.0% | 11.9% |
| Dividends paid | $120M | $186M | $182M | $177M | $167M |
| Share buybacks | $2.0B | $1.3B | $148M | $401M | $401M |
| Share count change | −2.9% | −14.7% | −1.7% | −3.5% | −5.4% |
| Debt and strength | |||||
| Cash and short-term investments | $2.0B | $1.2B | $1.1B | $674M | $953M |
| Debt incl. finance leases | $4.9B | $4.9B | $4.4B | $3.9B | $3.9B |
| Shareholders' equity | −$1.5B | −$2.2B | −$1.6B | −$1.4B | −$1.3B |
| Net debt / EBITDA | 1.2x | 2.3x | 2.1x | 2.1x | 2.1x |
| Current ratio | 2.3x | 1.6x | 1.6x | 1.5x | 1.3x |
| Interest coverage | 5.2x | 4.0x | 3.7x | 4.1x | 4.1x |
| Returns and quality | |||||
| Return on capital | 86.0% | 75.1% | 71.2% | 56.1% | 47.5% |
| Piotroski F-score | 9 | 6 | 8 | 6 | 5 |
| Altman Z'' | 2.9 | 1.0 | 1.2 | 1.3 | 0.9 |
Insiders bought, 12 months
$1.0M
6 insiders
Insiders sold, 12 months
$0.0M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Bath & Body Works · BBWI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Bath & Body Works BBWI | $4.3B | −0.2% | 15.4% | 11.9% | 47.5% | 5.6x | 5 |
| Ulta Beauty ULTA | $27.0B | 9.7% | 12.4% | 8.6% | 55.8% | 22.8x | 6 |
| Chewy CHWY | $9.0B | 6.2% | 2.0% | 4.5% | — | 33.2x | 7 |
| Tractor Supply TSCO | $17.1B | 4.3% | 9.5% | 4.8% | 28.5% | 16.9x | 6 |
| Winmark WINA | $1.0B | 5.9% | 63.4% | 52.0% | — | 25.0x | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $21.38 a share, the company is worth $4.3B: 5.6 times its earnings of the last four quarters.
Bath & Body Works grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 0 of 4.
Source: SEC EDGAR XBRL filings (CIK 0000701985). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.