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Ollie's Bargain Outlet

OLLI Nasdaq Broadline Retail Financials FY2016–FY2025

Ollie's Bargain Outlet's revenue rose 16.6% to $2.6 billion in fiscal 2025. Its operating margin was 11.2%, up from 11.0% a year earlier. Free cash flow was $195 million, up 82.1%. It paid out $74 million in dividends and buybacks, 38% of free cash flow.

Last close · Oct 23, 2026

$87.72

5.3%
Value it Compare
Revenue Total sales reported in the income statement.
$2.6B
16.6% vs prior year
Operating margin Operating income as a share of revenue.
11.2%
0.3 pts
Net income Profit after all expenses, interest and tax.
$241M
20.4%
Free cash flow Cash from operations minus capital spending.
$195M
82.1%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
14.5%
0.8 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$5.3B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
19.6x
On $4.47 EPS (TTM)

What Ollie's Bargain Outlet does

Ollie's is a discount retailer that sells brand name household products at low prices. It buys closeout goods and excess inventory from suppliers and manufacturers, so what is on the shelf changes all the time. The stores are no-frills and warehouse-style, and the company calls the experience a treasure hunt. It also sells some unbranded goods and its own private label products.

Ollie's makes its money by selling these goods in its own stores. It reports one segment and operated 645 stores in 34 states on January 31, 2026. Most of its stores are leased, and it looks to open new ones in existing vacant sites with strong traffic and lower rent. It sells only in stores and has no online shopping option.

It runs a customer loyalty program called Ollie's Army. During 2025, members accounted for more than 80% of net sales and spent approximately 40% more per transaction than non-members. The company says its main way to stand out from other retailers is price.

Legal name
Ollie's Bargain Outlet Holdings, Inc.
Fiscal year ends
January 31, 2026
Latest annual report
10-K · Mar 19, 2026
Accession · CIK
0001140361-26-010409
0001639300

Revenue and margins

Ollie's Bargain Outlet had $2.6B of revenue in fiscal 2025, up 16.6% 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 16.8% 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 $195M in fiscal 2025, 7.4% 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

Ollie's Bargain Outlet returned $73.9M to shareholders in fiscal 2025, 38% of free cash flow. The diluted share count rose 0.0%.

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

Value Ollie's Bargain Outlet 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 $258M and divides by 61.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 19.6x · peers 17.9x · sector 17.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Ollie's Bargain Outlet can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $247M$211M$266M$205M$260M
Debt incl. finance leases $1.1M$1.3M$1.7M$1.6M$1.5M
Net debt / EBITDA −1.1x−1.3x−1.0x−0.7x−0.7x
Debt / equity 0.0x0.0x0.0x0.0x0.0x
Interest coverage 571.5x381.7x543.7x553.2x651.4x
Current ratio 2.8x2.9x2.8x3.3x2.4x
Quick ratio 1.0x1.1x1.2x1.5x0.8x
Total assets $2.0B$2.0B$2.3B$2.6B$3.0B
Total liabilities $685M$682M$786M$866M$1.1B
Shareholders' equity $1.3B$1.4B$1.5B$1.7B$1.9B
Net debt (− = net cash) −$246M−$209M−$265M−$204M−$258M

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

$1.3M

2 insiders

Of sales under plans

100%

$1.3M

DateInsiderTradeSharesPriceValueFiling
Apr 7, 2026 John W SwygertExecutive Chairman, Director Sold plan 3,330 $95.80 $0.3M Form 4
Mar 31, 2026 John W SwygertExecutive Chairman, Director Sold plan 5,231 $92.09 $0.5M Form 4
Mar 27, 2026 John W SwygertExecutive Chairman, Director Sold plan 3,898 $89.40 $0.3M Form 4
Feb 9, 2026 John W SwygertExecutive Chairman, Director Sold plan 1,126 $112.06 $0.1M Form 4
Dec 23, 2025 Alissa M AhlmanDirector Sold 29 $110.26 $0.0M Form 4
Oct 23, 2025 Robert F HelmEvp/cfo Sold plan 367 $120.08 $0.0M 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 7 / 97 / 97 / 9
Accruals ratio −3.4%−1.1%−2.0%
Altman Z'' 5.936.225.56

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
Ollie's Bargain Outlet OLLI $5.3B 16.6% 11.2% 7.4% 14.5% 19.6x 7
Etsy ETSY $10.4B 2.7% 9.2% 23.5% 37.2% 48.6x 5 Compare →
eBay EBAY $55.2B 8.0% 20.5% 12.9% 26.8% 25.2x 5 Compare →
Kohl's KSS $2.9B −4.3% 4.0% 6.5% 7.2% 10.7x 7 Compare →
Macy's M $6.6B −1.7% 4.6% 4.7% 12.9% 8.8x 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 $890M $1.1B $1.2B $1.4B $1.8B $1.8B $1.8B $2.1B $2.3B $2.6B
Gross profit $360M $432M $498M $556M $723M $681M $656M $832M $915M $1.1B
Operating income $102M $136M $162M $172M $278M $205M $131M $228M $250M $298M
Interest expense $5.2M $3.8M $0.8M $0.4M $0.3M $0.4M $0.3M $0.4M $0.5M $0.5M
Pretax income $96.3M $131M $161M $173M $278M $204M $134M $243M $266M $316M
Income tax $36.5M $2.9M $25.6M $31.6M $35.1M $46.9M $31.1M $61.0M $66.1M $75.8M
Net income $59.8M $128M $135M $141M $243M $158M $103M $181M $200M $241M
Diluted EPS $0.96 $1.96 $2.05 $2.14 $3.68 $2.43 $1.64 $2.92 $3.23 $3.89
Diluted shares 0.06B 0.07B 0.07B 0.07B 0.07B 0.06B 0.06B 0.06B 0.06B 0.06B
Cash flow
Cash from operations $67.1M $95.9M $126M $105M $361M $45.0M $114M $255M $228M $297M
Capital expenditure $16.4M $19.3M $74.2M $77.0M $30.5M $35.0M $51.7M $124M $121M $102M
Free cash flow $50.7M $76.7M $51.9M $28.4M $331M $10.0M $62.7M $130M $107M $195M
Depreciation and amortization $10.3M $11.9M $14.0M $17.5M $22.5M $24.9M $28.7M $34.9M $44.0M $55.2M
Stock-based compensation $6.7M $7.4M $7.3M $7.3M $6.5M $8.0M $10.0M $12.2M $19.4M $13.1M
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 $40.0M $0.3M $220M $41.8M $52.5M $53.0M $73.8M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $0.0M $0.0M $40.0M $0.3M $220M $41.8M $52.5M $53.0M $73.9M
Balance sheet
Cash and short-term investments $98.7M $39.2M $51.9M $90.0M $447M $247M $211M $266M $205M $260M
Total debt $194M $49.0M $0.7M $0.8M $1.0M $1.1M $1.3M $1.7M $1.6M $1.5M
Finance lease liabilities $0.0M $0.0M $0.7M $0.8M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $313M $304M $359M $434M $809M $727M $754M $871M $994M $964M
Current liabilities $105M $137M $151M $178M $284M $263M $259M $316M $304M $400M
Inventory $210M $255M $296M $335M $354M $467M $471M $506M $553M $650M
Property and equipment, net $46.3M $54.9M $119M $132M $139M $147M $176M $270M $335M $382M
Total assets $1.0B $1.0B $1.2B $1.6B $2.0B $2.0B $2.0B $2.3B $2.6B $3.0B
Total liabilities $388M $242M $216M $537M $671M $685M $682M $786M $866M $1.1B
Shareholders' equity $651M $797M $943M $1.1B $1.3B $1.3B $1.4B $1.5B $1.7B $1.9B
Margins
Gross margin 40.5% 40.1% 40.1% 39.5% 40.0% 38.9% 35.9% 39.6% 40.3% 40.5%
Operating margin 11.5% 12.6% 13.1% 12.2% 15.3% 11.7% 7.2% 10.8% 11.0% 11.2%
EBITDA margin 12.6% 13.7% 14.2% 13.5% 16.6% 13.1% 8.7% 12.5% 12.9% 13.3%
Net margin 6.7% 11.9% 10.9% 10.0% 13.4% 9.0% 5.6% 8.6% 8.8% 9.1%
FCF margin 5.7% 7.1% 4.2% 2.0% 18.3% 0.6% 3.4% 6.2% 4.7% 7.4%
Returns
Return on capital 8.6% 17.1% 16.1% 15.1% 26.1% 16.3% 9.2% 14.2% 13.7% 14.5%
Return on capital employed 11.5% 14.8% 17.0% 14.2% 17.7% 11.9% 7.5% 12.1% 11.8% 12.4%
Return on equity 9.9% 17.6% 15.5% 14.1% 20.3% 12.0% 7.8% 12.6% 12.5% 13.4%
Return on assets 6.0% 12.3% 12.3% 10.2% 13.5% 7.9% 5.1% 8.4% 8.2% 8.7%
Growth
Revenue growth 16.8% 21.0% 15.3% 13.4% 28.5% −3.1% 4.2% 15.1% 8.0% 16.6%
Net income growth 66.8% 113.5% 5.8% 4.5% 72.0% −35.1% −34.7% 76.5% 10.1% 20.4%
EPS growth 50.0% 104.2% 4.6% 4.4% 72.0% −34.0% −32.5% 78.1% 10.6% 20.4%
FCF growth 60.1% 51.3% −32.3% −45.4% 1,066.0% −97.0% 524.0% 107.6% −17.8% 82.1%
Share count change 11.9% 4.1% 1.5% −0.1% 0.0% −1.5% −3.4% −1.0% −0.5% 0.0%
Financial health
Net debt / EBITDA 0.9x 0.1x −0.3x −0.5x −1.5x −1.1x −1.3x −1.0x −0.7x −0.7x
Debt / equity 0.3x 0.1x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x
Interest coverage 19.7x 35.7x 200.8x 484.1x 856.5x 571.5x 381.7x 543.7x 553.2x 651.4x
Current ratio 3.0x 2.2x 2.4x 2.4x 2.9x 2.8x 2.9x 2.8x 3.3x 2.4x
Quick ratio 1.0x 0.4x 0.4x 0.6x 1.6x 1.0x 1.1x 1.2x 1.5x 0.8x
Capital allocation
Capex / revenue 1.9% 1.8% 6.0% 5.5% 1.7% 2.0% 2.8% 5.9% 5.3% 3.9%
Stock comp / revenue 0.8% 0.7% 0.6% 0.5% 0.4% 0.5% 0.5% 0.6% 0.9% 0.5%
Payouts / FCF 0.0% 0.0% 0.0% 141.1% 0.1% 2,190.1% 66.7% 40.4% 49.6% 37.9%
Quality scores
Piotroski F-score 8.0 5.0 7.0 6.0 8.0 4.0 6.0 7.0 7.0 7.0
Altman Z'' 4.0 6.1 7.7 4.8 5.9 5.7 5.7 5.9 6.2 5.6
Accruals ratio −0.7% 3.1% 0.8% 2.6% −6.6% 5.7% −0.6% −3.4% −1.1% −2.0%

Source: SEC EDGAR XBRL filings (CIK 0001639300). Data updated October 9, 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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