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Buckle

BKE NYSE Apparel Retail Financials FY2016–FY2025

Buckle's revenue rose 6.6% to $1.3 billion in fiscal 2025. Its operating margin was 20.1%, up from 19.8% a year earlier. Free cash flow was $206 million, up 3.0%. It paid out $225 million in dividends and buybacks, 109% of free cash flow. The diluted share count rose 0.8%.

Last close · Oct 23, 2026

$46.54

2.0%
Value it Compare
Revenue Total sales reported in the income statement.
$1.3B
6.6% vs prior year
Operating margin Operating income as a share of revenue.
20.1%
0.3 pts
Net income Profit after all expenses, interest and tax.
$210M
7.3%
Free cash flow Cash from operations minus capital spending.
$206M
3.0%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
$2.4B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
10.7x
On $4.34 EPS (TTM)

What Buckle does

No business description yet.

Legal name
BUCKLE, INC
Fiscal year ends
January 31, 2026
Latest annual report
—
Accession · CIK
0000885245-26-000012
0000885245

Revenue and margins

Buckle had $1.3B of revenue in fiscal 2025, up 6.6% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 8.2% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $206M in fiscal 2025, 15.9% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Buckle returned $225M to shareholders in fiscal 2025, 109% of free cash flow. The diluted share count rose 0.8%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Buckle yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of — and divides by 50.7M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 10.7x · peers 13.5x · sector 17.9x.

Balance sheet

Cash, debt and the ratios that show how comfortably Buckle can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $267M$273M$290M$291M$274M
Current ratio 1.6x1.9x2.0x2.1x1.9x
Quick ratio 1.2x1.3x1.4x1.5x1.3x
Total assets $781M$838M$890M$913M$991M
Total liabilities $468M$461M$477M$489M$567M
Shareholders' equity $313M$376M$413M$424M$425M
Net debt (− = net cash) —————

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$7.1M

4 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Oct 22, 2026 Scott A WerthSVP Stores Sold 2,500 $46.75 $0.1M Form 4
Oct 15, 2026 Bill L FairfieldDirector Sold 8,500 $46.38 $0.4M Form 4
Jun 8, 2026 Bill L FairfieldDirector Sold 2,500 $44.44 $0.1M Form 4
Apr 10, 2026 Kari G SmithEVP Stores, Director Sold 30,000 $54.57 $1.6M Form 4
Apr 10, 2026 Michelle HoffmanSVP Sales Sold 16,200 $54.80 $0.9M Form 4
Mar 20, 2026 Michelle HoffmanSVP Sales Sold 29,281 $49.12 $1.4M Form 4
Mar 19, 2026 Michelle HoffmanSVP Sales Sold 719 $50.00 $0.0M Form 4
Mar 17, 2026 Kari G SmithEVP Stores, Director Sold 48,860 $50.39 $2.5M Form 4
Mar 16, 2026 Kari G SmithEVP Stores, Director Sold 1,140 $49.81 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets — — —
Current ratio rose ✓ ✓ ✕
Share count didn't rise ✕ ✕ ✕
Gross margin rose ✕ ✕ ✓
Revenue rose relative to assets ✕ ✕ ✓
F-score — / 9— / 9— / 9
Accruals ratio −4.0%−5.2%−4.4%
Altman Z'' 5.415.084.62

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Buckle BKE $2.4B 6.6% 20.1% 15.9% — 10.7x —
Boot Barn BOOT $3.5B 17.9% 13.3% 5.6% — 14.6x — Compare →
Abercrombie & Fitch ANF $6.9B 6.4% 13.3% 7.2% 91.0% 13.4x 5 Compare →
American Eagle Outfitters AEO $3.0B 4.1% 4.1% 3.5% 11.5% 9.1x 4 Compare →
Urban Outfitters URBN $7.5B 11.1% 9.8% 5.1% 23.7% 13.5x 8 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $975M $913M $886M $900M $901M $1.3B $1.3B $1.3B $1.2B $1.3B
Gross profit $397M $380M $366M $378M $401M $653M $676M $619M $593M $636M
Operating income $153M $134M $121M $132M $168M $336M $328M $271M $241M $261M
Pretax income $156M $140M $127M $138M $171M $338M $335M $289M $258M $276M
Income tax $58.3M $49.8M $31.0M $33.3M $40.8M $82.9M $80.4M $69.3M $62.3M $66.4M
Net income $98.0M $89.7M $95.6M $104M $130M $255M $255M $220M $196M $210M
Diluted EPS $2.03 $1.85 $1.97 $2.14 $2.66 $5.16 $5.13 $4.40 $3.89 $4.14
Diluted shares 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B
Cash flow
Cash from operations $149M $120M $109M $131M $227M $312M $242M $255M $242M $251M
Capital expenditure $31.7M $13.5M $10.0M $7.3M $7.7M $19.1M $30.4M $37.3M $42.3M $45.4M
Free cash flow $117M $106M $98.7M $123M $220M $293M $212M $217M $200M $206M
Depreciation and amortization $32.8M $30.7M $26.8M $23.8M $20.9M $18.7M $18.9M $20.8M $23.0M $25.4M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.1M $0.4M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends paid $84.8M $134M $97.7M $113M $129M $348M $203M $197M $198M $225M
Dividends and buybacks $84.9M $134M $97.7M $113M $129M $348M $203M $197M $198M $225M
Balance sheet
Cash and short-term investments $247M $216M $220M $234M $322M $267M $273M $290M $291M $274M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $387M $361M $370M $379M $437M $391M $423M $444M $439M $448M
Current liabilities $98.6M $97.9M $90.2M $173M $206M $249M $226M $222M $214M $237M
Inventory $126M $118M $125M $121M $101M $102M $125M $126M $121M $140M
Property and equipment, net $169M $150M $131M $114M $100M $101M $112M $129M $146M $162M
Total assets $580M $538M $527M $868M $846M $781M $838M $890M $913M $991M
Total liabilities $149M $147M $133M $479M $449M $468M $461M $477M $489M $567M
Shareholders' equity $431M $391M $394M $389M $397M $313M $376M $413M $424M $425M
Margins
Gross margin 40.7% 41.6% 41.3% 41.9% 44.5% 50.4% 50.3% 49.1% 48.7% 49.0%
Operating margin 15.7% 14.7% 13.7% 14.6% 18.6% 25.9% 24.4% 21.5% 19.8% 20.1%
EBITDA margin 19.0% 18.1% 16.7% 17.3% 21.0% 27.4% 25.8% 23.2% 21.7% 22.1%
Net margin 10.1% 9.8% 10.8% 11.6% 14.4% 19.7% 18.9% 17.4% 16.1% 16.2%
FCF margin 12.0% 11.6% 11.2% 13.7% 24.4% 22.6% 15.8% 17.2% 16.4% 15.9%
Returns
Return on capital employed 32.3% 29.1% 27.6% 23.2% 25.2% 57.3% 57.4% 42.4% 35.3% 36.0%
Return on equity 23.2% 21.8% 24.4% 26.7% 33.1% 71.8% 73.9% 55.7% 46.7% 49.4%
Return on assets 17.0% 16.1% 18.0% 15.0% 15.2% 31.3% 31.5% 25.5% 21.7% 22.0%
Growth
Revenue growth −12.9% −6.3% −3.1% 1.7% 0.1% 43.6% 3.9% −6.3% −3.4% 6.6%
Net income growth −33.5% −8.4% 6.6% 9.2% 24.6% 95.8% −0.1% −13.6% −11.1% 7.3%
EPS growth −33.7% −8.9% 6.5% 8.6% 24.3% 94.0% −0.6% −14.2% −11.6% 6.4%
FCF growth −6.1% −9.3% −7.1% 25.0% 78.2% 33.2% −27.6% 2.5% −8.1% 3.0%
Share count change 0.1% 0.2% 0.5% 0.4% 0.4% 0.8% 0.5% 0.7% 0.7% 0.8%
Financial health
Current ratio 3.9x 3.7x 4.1x 2.2x 2.1x 1.6x 1.9x 2.0x 2.1x 1.9x
Quick ratio 2.6x 2.5x 2.7x 1.5x 1.6x 1.2x 1.3x 1.4x 1.5x 1.3x
Capital allocation
Capex / revenue 3.3% 1.5% 1.1% 0.8% 0.9% 1.5% 2.3% 3.0% 3.5% 3.5%
Payouts / FCF 72.4% 126.0% 99.0% 91.6% 58.6% 118.8% 95.7% 90.5% 99.1% 109.4%
Quality scores
Altman Z'' 9.7 9.2 9.6 4.3 5.0 5.4 5.8 5.4 5.1 4.6
Accruals ratio −8.8% −5.4% −2.5% −3.8% −11.4% −7.0% 1.5% −4.0% −5.2% −4.4%

Source: SEC EDGAR XBRL filings (CIK 0000885245). Data updated October 19, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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