BBWI · Bath & Body Works, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.38B | $1.59B | $1.55B | $1.42B | $1.61B | $1.53B | $1.38B | $1.56B | $1.56B | $1.40B |
| Cost of Revenue | $791.00M | $936.00M | $909.00M | $778.00M | $910.00M | $900.00M | $778.00M | $880.00M | $937.00M | $800.00M |
| Gross Profit | $587.00M | $658.00M | $640.00M | $646.00M | $700.00M | $626.00M | $606.00M | $682.00M | $622.00M | $596.00M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $356.00M | $497.00M | $483.00M | $437.00M | $482.00M | $443.00M | $419.00M | $461.00M | $434.00M | $415.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $61.00M | $63.00M | $64.00M | $64.00M | $69.00M | $71.00M | $71.00M | $56.00M | $66.00M | $63.00M |
| Operating Income | $231.00M | $161.00M | $157.00M | $209.00M | $218.00M | $183.00M | $187.00M | $221.00M | $188.00M | $181.00M |
| Interest Expense | $69.00M | $68.00M | $68.00M | $71.00M | $77.00M | $77.00M | $82.00M | $84.00M | $86.00M | $89.00M |
| Income Tax | ($17.00M) | $26.00M | $31.00M | $41.00M | $39.00M | $1.00M | $31.00M | $40.00M | $28.00M | $31.00M |
| Net Income | $183.00M | $77.00M | $64.00M | $105.00M | $106.00M | $152.00M | $87.00M | $119.00M | $99.00M | $81.00M |
| EPS - Basic | $0.91 | $0.38 | $0.31 | $0.49 | $0.49 | $0.68 | $0.39 | $0.52 | $0.43 | $0.36 |
| EPS - Diluted | $0.90 | $0.37 | $0.30 | $0.49 | $0.49 | $0.68 | $0.38 | $0.52 | $0.43 | $0.35 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $820.00M | $236.00M | $364.00M | $636.00M | $191.00M | $514.00M | $855.00M | $412.00M | $790.00M | $1.05B |
| Accounts Receivable | $98.00M | $169.00M | $131.00M | $103.00M | $200.00M | $146.00M | $121.00M | $197.00M | $153.00M | $145.00M |
| Inventory | $782.00M | $1.25B | $977.00M | $869.00M | $1.18B | $863.00M | $814.00M | $1.21B | $818.00M | $771.00M |
| Accounts Payable | $557.00M | $781.00M | $567.00M | $452.00M | $510.00M | $411.00M | $403.00M | $627.00M | $508.00M | $426.00M |
| Current Assets | $1.90B | $1.88B | $1.71B | $1.82B | $1.72B | $1.67B | $1.92B | $1.96B | $1.89B | $2.08B |
| Total Assets | $4.96B | $4.99B | $4.81B | $4.88B | $4.98B | $4.95B | $5.22B | $5.24B | $5.20B | $5.36B |
| Current Liabilities | $1.38B | $1.55B | $1.30B | $1.29B | $1.57B | $1.50B | $1.22B | $1.41B | $1.21B | $1.28B |
| Long-term Debt | $3.61B | $3.89B | $3.89B | $3.89B | $3.88B | $3.88B | $4.28B | $4.50B | $4.67B | $4.78B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | ($1.13B) | ($1.59B) | ($1.55B) | ($1.45B) | ($1.75B) | ($1.72B) | ($1.68B) | ($2.13B) | ($2.15B) | ($2.17B) |
| Retained Earnings | ($1.29B) | ($1.75B) | ($1.72B) | ($1.63B) | ($1.94B) | ($1.92B) | ($1.89B) | ($2.33B) | ($2.36B) | ($2.37B) |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $244.00M | - | - | $188.00M | - | - | $76.00M | - | - | $44.00M |
| Investing Cash Flow | ($42.00M) | - | - | ($39.00M) | - | - | ($46.00M) | - | - | ($94.00M) |
| Financing Cash Flow | ($335.00M) | - | - | ($188.00M) | - | - | ($259.00M) | - | - | ($135.00M) |
| CapEx | $49.00M | - | - | $37.00M | - | - | $46.00M | - | - | $93.00M |
| Free Cash Flow | $195.00M | - | - | $151.00M | - | - | $30.00M | - | - | ($49.00M) |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 42.6% | 41.3% | 41.3% | 45.4% | 43.5% | 41.0% | 43.8% | 43.7% | 39.9% | 42.7% |
| Operating margin | 16.8% | 10.1% | 10.1% | 14.7% | 13.5% | 12.0% | 13.5% | 14.1% | 12.1% | 13.0% |
| EBITDA margin | 21.2% | 14.1% | 14.3% | 19.2% | 17.8% | 16.6% | 18.6% | 17.7% | 16.3% | 17.5% |
| Net margin | 13.3% | 4.8% | 4.1% | 7.4% | 6.6% | 10.0% | 6.3% | 7.6% | 6.4% | 5.8% |
| Free cash flow margin | 14.2% | - | - | 10.6% | - | - | 2.2% | - | - | -3.5% |
| FCF / Net income | 1.07 | - | - | 1.44 | - | - | 0.34 | - | - | -0.60 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 25.8% | 31.2% | 31.2% | 30.7% | 29.9% | 29.0% | 30.3% | 29.5% | 27.8% | 29.7% |
| Effective tax rate | -10.2% | 25.2% | 32.6% | 28.1% | 26.9% | 0.7% | 26.3% | 25.2% | 22.0% | 27.7% |
| Return on assets | 3.7% | 1.5% | 1.3% | 2.2% | 2.1% | 3.1% | 1.7% | 2.3% | 1.9% | 1.5% |
| Return on equity | -16.2% | -4.8% | -4.1% | -7.2% | -6.1% | -8.8% | -5.2% | -5.6% | -4.6% | -3.7% |
| Return on invested capital | 9.3% | 5.2% | 4.5% | 6.2% | 7.5% | 8.4% | 5.3% | 7.0% | 5.8% | 5.0% |
| Liquidity | ||||||||||
| Current ratio | 1.38 | 1.21 | 1.31 | 1.41 | 1.09 | 1.11 | 1.57 | 1.39 | 1.56 | 1.63 |
| Quick ratio | 0.81 | 0.41 | 0.56 | 0.73 | 0.34 | 0.54 | 0.90 | 0.54 | 0.89 | 1.03 |
| Cash ratio | 0.60 | 0.15 | 0.28 | 0.49 | 0.12 | 0.34 | 0.70 | 0.29 | 0.65 | 0.82 |
| Leverage | ||||||||||
| Debt / Equity | -3.19 | -2.44 | -2.51 | -2.68 | -2.22 | -2.26 | -2.55 | -2.12 | -2.17 | -2.20 |
| Debt / Assets | 0.73 | 0.78 | 0.81 | 0.80 | 0.78 | 0.78 | 0.82 | 0.86 | 0.90 | 0.89 |
| Debt / EBITDA | 12.37 | 17.37 | 17.59 | 14.23 | 13.53 | 15.28 | 16.60 | 16.23 | 18.38 | 19.59 |
| Interest coverage | 3.3x | 2.4x | 2.3x | 2.9x | 2.8x | 2.4x | 2.3x | 2.6x | 2.2x | 2.0x |
| Equity multiplier | -4.38 | -3.13 | -3.11 | -3.36 | -2.85 | -2.88 | -3.11 | -2.47 | -2.41 | -2.47 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.28 | 0.32 | 0.32 | 0.29 | 0.32 | 0.31 | 0.27 | 0.30 | 0.30 | 0.26 |
| Inventory turnover | 1.01 | 0.75 | 0.93 | 0.90 | 0.77 | 1.04 | 0.96 | 0.73 | 1.15 | 1.04 |
| Days sales outstanding | 26d | 39d | 31d | 26d | 45d | 35d | 32d | 46d | 36d | 38d |
| Days inventory outstanding | 361d | 488d | 392d | 408d | 472d | 350d | 382d | 500d | 319d | 352d |
| Days payable outstanding | 257d | 305d | 228d | 212d | 205d | 167d | 189d | 260d | 198d | 194d |
| Cash conversion cycle | 130d | 222d | 195d | 222d | 313d | 218d | 225d | 286d | 157d | 195d |
| Valuation | ||||||||||
| P / E | 21.3x | 66.2x | 93.9x | 63.7x | 59.0x | 48.8x | 121.0x | 54.4x | 85.0x | 100.3x |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 2.8x | 3.2x | 3.8x | 4.7x | 3.9x | 4.9x | 7.5x | 4.1x | 5.4x | 5.8x |
| EV / EBITDA | 22.9x | 38.8x | 42.8x | 36.5x | 34.9x | 42.4x | 53.6x | 38.0x | 48.2x | 48.4x |
| Growth | ||||||||||
| Revenue growth (YoY) | -3.2% | -1.0% | 1.5% | 2.9% | 3.1% | -2.1% | -0.9% | -2.6% | -3.6% | -3.7% |
| Revenue CAGR (3y) | -0.4% | -0.2% | -1.4% | -0.6% | -1.4% | -22.8% | -22.9% | -20.0% | -12.4% | -5.5% |
| Revenue CAGR (5y) | -14.5% | -12.2% | -7.8% | -3.0% | -9.7% | -12.6% | -12.0% | -10.9% | -12.2% | -11.9% |
| Gross profit growth (YoY) | -9.1% | -6.0% | 2.2% | 6.6% | 2.6% | 0.6% | 1.7% | 0.6% | -5.8% | -10.9% |
| Operating income growth (YoY) | 10.5% | -26.1% | -14.2% | 11.8% | -1.4% | -2.7% | 3.3% | 9.4% | -22.3% | -35.4% |
| Net income growth (YoY) | 74.3% | -27.4% | -57.9% | 20.7% | -10.9% | 53.5% | 7.4% | 30.8% | -17.5% | -47.7% |
| EPS growth (YoY) | 83.7% | -24.5% | -55.9% | 28.9% | -5.8% | 58.1% | 8.6% | 30.0% | -17.3% | -45.3% |
| EPS CAGR (3y) | 37.0% | -2.6% | -16.8% | -8.5% | 14.1% | -20.2% | -26.8% | -23.7% | - | - |
| EPS CAGR (5y) | -1.5% | -20.6% | - | - | - | 37.2% | 22.1% | - | 3.6% | 15.5% |
| FCF growth (YoY) | 29.1% | - | - | 403.3% | - | - | - | - | - | -122.7% |
| FCF CAGR (5y) | 1.2% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 21.9% | 8.9% | 9.9% | 13.5% | 17.7% | 20.2% | 22.8% | 18.6% | 19.1% | 18.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-31.
Business segments
$7.29B totalReportable Segment$7.29B · 100.0%
Geographic
$707.00M totalInternational$707.00M · 100.0%
Peer comparison
Same SIC group: Retail-Retail Stores, NEC
Comparing Bath & Body Works against the 5 most active filers in the same SIC group.
Dividends
$0.80/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Feb 20, 2026 | $0.2000 |
| Nov 21, 2025 | $0.2000 |
| Aug 22, 2025 | $0.2000 |
| Jun 6, 2025 | $0.2000 |
| Feb 21, 2025 | $0.2000 |
| Nov 22, 2024 | $0.2000 |
| Aug 23, 2024 | $0.2000 |
| Jun 7, 2024 | $0.2000 |
| Feb 22, 2024 | $0.2000 |
| Nov 16, 2023 | $0.2000 |
| Aug 17, 2023 | $0.2000 |
| Jun 1, 2023 | $0.2000 |
| Feb 16, 2023 | $0.2000 |
| Nov 17, 2022 | $0.2000 |
| Aug 18, 2022 | $0.2000 |
| Jun 2, 2022 | $0.2000 |
| Feb 17, 2022 | $0.2000 |
| Nov 18, 2021 | $0.1500 |
| Aug 19, 2021 | $0.1500 |
| Jun 3, 2021 | $0.1213 |
| Feb 20, 2020 | $0.2425 |
| Nov 21, 2019 | $0.2425 |
| Aug 22, 2019 | $0.2425 |
| May 30, 2019 | $0.2425 |