Boot Barn Holdings Inc (BOOT)
Profitability ratios
Return on sales
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | |
|---|---|---|---|---|---|
| Gross profit margin | 37.52% | 36.86% | 36.83% | 38.64% | 33.00% |
| Operating profit margin | 12.52% | 11.89% | 13.98% | 17.36% | 9.66% |
| Pretax margin | 12.56% | 11.84% | 13.63% | 16.97% | 8.65% |
| Net profit margin | 9.47% | 8.82% | 10.29% | 12.93% | 6.65% |
Boot Barn Holdings Inc has shown a consistent improvement in its gross profit margin over the past five years, increasing from 33.00% in March 2021 to 37.52% in March 2025. This upward trend indicates the company's ability to efficiently generate profit from its core operations.
In terms of operating profitability, Boot Barn has also seen growth, with the operating profit margin expanding from 9.66% in March 2021 to 12.52% in March 2025. Despite some fluctuations, the company has managed to maintain a healthy level of profitability at the operating level.
When looking at pretax margin, we can see a similar pattern of improvement over the years, increasing from 8.65% in March 2021 to 12.56% in March 2025. This indicates that Boot Barn has been effectively managing its pre-tax earnings relative to its revenue.
In the case of net profit margin, Boot Barn has shown a steady increase from 6.65% in March 2021 to 9.47% in March 2025. While the company's net profit margin is lower compared to its gross profit margin, the upward trajectory over the years signifies improving profitability after accounting for all expenses and taxes.
Overall, Boot Barn Holdings Inc has demonstrated a positive trend in its profitability ratios, indicating successful management of costs, efficient operations, and overall financial performance improvement over the five-year period.
Return on investment
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 11.86% | 11.62% | 15.28% | 21.53% | 9.25% |
| Return on assets (ROA) | 8.97% | 8.62% | 11.24% | 16.04% | 6.36% |
| Return on total capital | 0.00% | 21.15% | 29.85% | 43.09% | 21.95% |
| Return on equity (ROE) | 16.00% | 15.58% | 21.97% | 32.09% | 15.04% |
Boot Barn Holdings Inc's profitability ratios have exhibited fluctuating trends over the past five years.
- Operating return on assets (Operating ROA) increased significantly from 9.25% in March 2021 to 21.53% in March 2022, indicating improved operational efficiency and profitability. However, it declined to 15.28% in March 2023 and further decreased to 11.62% in March 2024 before slightly rebounding to 11.86% in March 2025.
- Return on assets (ROA) followed a similar pattern, rising from 6.36% in March 2021 to 16.04% in March 2022. Subsequently, it decreased to 11.24% in March 2023, 8.62% in March 2024, and 8.97% in March 2025. This indicates the company's ability to generate profit from its assets improved initially but weakened in the later years.
- Return on total capital peaked at 43.09% in March 2022, showing strong returns for capital providers. However, it dropped to 0.00% in March 2025, signifying challenges in generating returns as the company utilized total capital less efficiently in the later period.
- Return on equity (ROE) experienced growth from 15.04% in March 2021 to 32.09% in March 2022, reflecting an enhanced return for equity holders. Nevertheless, it decreased to 21.97% in March 2023, 15.58% in March 2024, and slightly improved to 16.00% in March 2025, indicating varying profitability in relation to shareholders' equity over the years.
Overall, while Boot Barn Holdings Inc demonstrated strong profitability ratios at certain points, there were fluctuations that suggest the need for sustained efforts to optimize operational performance and use of capital for enhancing shareholder value.