Value Sense
BOOT
Boot Barn Holdings, Inc. (BOOT)
Last Price$101.5(1.6%)
Market Cap$3,077.3M
LTM Revenue
$1,845.8M
+8.3% YoY
LTM Net Income
$172.8M
+5.4% YoY
LTM Net Debt
$388.5M
Net Debt to FCF - 7.7x
LTM Free Cash Flow (FCF)
$50.5M
2.7% margin

BOOT Income Statement

BOOT Income Statement Overview

Annual
Quarterly
LTM
Mar'15
Mar'16
Apr'17
Mar'18
Mar'19
Mar'20
Mar'21
Mar'22
Apr'23
Mar'24
Revenue
$1,667.0M 0.6% YoY
Gross profit
$614.4M 0.6% YoY
36.9% margin
Cost of revenue
$1,052.6M 0.5% YoY
Operating income
$198.2M (14.5%) YoY
11.9% margin
Other: $1,396.0K
Net interest: $2,238.0K
Operating expenses
$416.2M 9.9% YoY
Pre-tax income
$197.4M (12.6%) YoY
11.8% margin
Net income
$147.0M (13.8%) YoY
8.8% margin
Income tax
$50.4M
25.5% tax rate
SG&A
$416.2M 9.9% YoY
25.0% of revenue

BOOT Income statement key metrics

Annual
Quarterly
LTM

Revenue

$1,667.0M +0.6% YoY

Operating Income

$198.2M -14.5% YoY

Net Income

$147.0M -13.8% YoY

BOOT Balance Sheet

BOOT Balance Sheet Overview

Annual
Quarterly
LTM
Mar'15
Mar'16
Apr'17
Mar'18
Mar'19
Mar'20
Mar'21
Mar'22
Apr'23
Mar'24
Assets
Liabilities
Total assets
$1,705.6M
Current assets ($729.6M, 42.8% of total)
Other current assets
$633.6M (37.1%)
Non-current assets ($975.9M, 57.2% of total)
Intangible assets
$58.7M (3.4%)
Other non-current assets
$203.1M (11.9%)
Financial position
Net Debt
$857.7M
$75.8M$933.5M
Cash & Short-term Investments
Total Debt
Quick ratio
0.3x
Net Debt to Free Cash Flow
7.3x
Debt to Equity ratio
98.9%

BOOT Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$1,705.6M +21.0% YoY

Liabilities

$761.9M +20.4% YoY

Shareholder's Equity

$943.6M +21.5% YoY

BOOT Cash Flow Statement

BOOT Cash Flow Statement Overview

Annual
Quarterly
LTM
Mar'15
Mar'16
Apr'17
Mar'18
Mar'19
Mar'20
Mar'21
Mar'22
Apr'23
Mar'24
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$18.2M$236.1M($118.8M)($59.6M)$0.0$75.8M

BOOT Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$236.1M +165.6% YoY

Capital Expenditure (CAPEX)

($118.8M) -4.6% YoY

Free Cash Flow (FCF)

$117.3M N/A YoY

BOOT Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Mar'13Mar'14Mar'15Mar'16Apr'17Mar'18Mar'19Mar'20Mar'21Mar'22Apr'23Mar'24
Revenue
% growth
233.2
0.0%
345.9
48.3%
402.7
16.4%
569.0
41.3%
629.8
10.7%
677.9
7.6%
776.9
14.6%
845.6
8.8%
893.5
5.7%
1,488.3
66.6%
1,657.6
11.4%
1,667.0
0.6%
Cost of Goods Sold (COGS)160.6232.7267.9395.8439.9470.0525.4569.1598.6913.21,047.01,052.6
Gross Profit
% margin
72.6
31.2%
113.2
32.7%
134.8
33.5%
173.2
30.4%
189.9
30.1%
207.9
30.7%
251.4
32.4%
276.5
32.7%
294.9
33.0%
575.1
38.6%
610.6
36.8%
614.4
36.9%
Operating Expenses62.692.099.3142.1152.1161.7187.1202.8208.6316.7378.8416.2
Research & Development Expenses (R&D)0.00.00.00.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)62.692.099.3142.1152.1161.7187.1202.8208.6316.7378.8416.2
Operating Income
% margin
8.9
3.8%
20.5
5.9%
35.4
8.8%
30.2
5.3%
37.8
6.0%
46.3
6.8%
64.3
8.3%
73.7
8.7%
86.3
9.7%
258.3
17.4%
231.8
14.0%
198.2
11.9%
Interest Income0.00.00.00.00.00.016.313.39.45.85.90.0
Interest Expense7.411.613.312.914.715.116.313.39.45.85.92.2
Pre-tax Income1.59.022.217.323.131.248.060.377.3252.6225.9197.4
Income Tax
% effective tax rate
0.8
54.8%
3.3
37.0%
8.5
38.1%
7.4
43.0%
8.9
38.6%
2.3
7.4%
9.0
18.7%
12.4
20.5%
17.9
23.1%
60.1
23.8%
55.3
24.5%
50.4
25.5%
Net Income
% margin
0.6
0.3%
5.4
1.6%
13.7
3.4%
9.9
1.7%
14.2
2.3%
28.9
4.3%
39.0
5.0%
47.9
5.7%
59.4
6.6%
192.5
12.9%
170.6
10.3%
147.0
8.8%
EPS0.030.230.560.380.541.081.391.682.056.515.724.87
Diluted EPS0.030.230.540.370.531.051.351.642.016.335.624.80
EBITDA
% margin
14.5
6.2%
28.7
8.3%
40.7
10.1%
44.3
7.8%
54.5
8.7%
63.4
9.3%
83.2
10.7%
126.1
14.9%
145.1
16.2%
325.0
21.8%
315.6
19.0%
249.2
14.9%