Boot Barn Holdings, Inc. (BOOT) intrinsic value & 10-year financials
Boot Barn Holdings, Inc. (BOOT) has a Graham intrinsic value of $244.14 per share. At $121.72 on Oct 17, 2026, the stock trades 50% below that value. Over the last 10 fiscal years revenue grew 15.2% a year to $2.3B, with an average return on invested capital of 13.9%.
- Graham intrinsic value
- $244.14
- Share price (Oct 17, 2026)
- $121.72
- Price vs Graham value
- 50% below
- Market cap
- $3.7B
- Revenue (FY2026)
- $2.3B
- Revenue growth (10-yr CAGR)
- 15.2%
- ROIC (10-yr avg)
- 13.9%
- Free cash flow (FY2026)
- $126.3M
BOOT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $2.3B | $225.9M | $7.35 | $126.3M | 13.3% | 13.2% |
| FY2025 | $1.9B | $180.9M | $5.88 | -$753.0K | 12.5% | 12.8% |
| FY2024 | $1.7B | $147.0M | $4.80 | $117.3M | 11.9% | 12.5% |
| FY2023 | $1.7B | $170.6M | $5.62 | -$35.6M | 14.0% | 18.4% |
| FY2022 | $1.5B | $192.4M | $6.33 | $28.4M | 17.4% | 27.6% |
| FY2021 | $893.5M | $59.4M | $2.01 | $127.5M | 9.7% | 11.7% |
| FY2020 | $845.6M | $47.9M | $1.64 | -$11.9M | 8.7% | 12.4% |
| FY2019 | $776.9M | $39.0M | $1.35 | $35.7M | 8.3% | 12.9% |
| FY2018 | $677.9M | $28.9M | $1.05 | $19.8M | 6.8% | 11.4% |
| FY2017 | $629.8M | $14.2M | $0.53 | $18.9M | 6.0% | 6.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Boot Barn Holdings, Inc. is a consistent compounder, expanding top-line revenue at 15.2% annually over the past decade.
Boot Barn Holdings, Inc. returns on capital have been average, hovering around 13.9% ROIC over the decade.
Over the decade, Boot Barn Holdings, Inc. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Boot Barn Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $244.14 per share.