15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 2.5% per year over the past 5 years.
Net income has grown slower than revenue (-5.1% vs 2.5% per year).
Operating margin has contracted, at 15.4% in the latest year.
Free cash flow has declined 13.7% per year over the past 5 years.
Financial health
Total debt ($3.9B) exceeds cash ($953M); net debt is $2.9B.
Total debt has grown slower than revenue (-9.4% vs 2.5% per year).
Operating income covered interest expense 4.1× in the latest year, up from 3.7× 5 years ago.
Total debt is 3.5× EBITDA.
Shareholder returns
Dividends have been paid for 12 consecutive years, consuming 25.7% of earnings and 19.3% of free cash flow.
The dividend has grown 15.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2026
$7.3B
$649M
43.7%
15.4%
$865M
$3.9B
$953M
2025
$7.3B
$798M
44.3%
17.3%
$660M
$3.9B
$674M
2024
$7.4B
$878M
43.6%
17.3%
$656M
$4.4B
$1.1B
2023
$7.6B
$800M
43.1%
18.2%
$816M
$4.9B
$1.2B
2022
$7.9B
$1.3B
48.9%
25.5%
$1.2B
$4.9B
$2.0B
2021
$6.4B
$844M
48.1%
24.9%
$1.8B
$6.4B
$3.6B
2020
$5.4B
-$366M
44.2%
19.2%
$778M
$5.5B
$1.5B
2019
$13.2B
$644M
37.0%
9.3%
$748M
$5.8B
$1.4B
2018
$12.6B
$983M
39.3%
13.7%
$699M
$5.8B
$1.5B
2017
—
$1.2B
—
—
$1.0B
$5.7B
$1.9B
2016
—
$1.3B
—
—
$1.3B
$5.7B
$2.5B
2015
—
$1.0B
—
—
$1.1B
$4.8B
$1.7B
2014
—
$903M
—
—
$557M
$5.0B
$1.7B
2013
—
$753M
—
—
$763M
$4.5B
$773M
2012
—
$850M
—
—
$840M
$3.5B
$935M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
May '26
$1.4B
$183M
42.6%
16.8%
$195M
$3.6B
$820M
Jan '26
$2.7B
$403M
45.7%
22.0%
$814M
$3.9B
$953M
Nov '25
$1.6B
$77M
41.3%
10.1%
-$1M
$3.9B
$236M
Aug '25
$1.5B
$64M
41.3%
10.1%
-$99M
$3.9B
$364M
May '25
$1.4B
$105M
45.4%
14.7%
$151M
$3.9B
$636M
Feb '25
$2.8B
$453M
46.7%
24.3%
$895M
$3.9B
$674M
Nov '24
$1.6B
$106M
43.5%
13.5%
-$164M
$4.2B
$191M
Aug '24
$1.5B
$152M
41.0%
12.0%
-$101M
$4.2B
$514M
May '24
$1.4B
$87M
43.8%
13.5%
$30M
$4.3B
$855M
Feb '24
$2.9B
$579M
45.9%
23.9%
$878M
$4.4B
$1.1B
Oct '23
$1.6B
$119M
43.7%
14.1%
-$121M
$4.5B
$412M
Jul '23
$1.6B
$99M
39.9%
12.1%
-$52M
$4.7B
$790M
Apr '23
$1.4B
$81M
42.7%
13.0%
-$49M
$4.8B
$1.0B
Jan '23
$2.9B
$434M
43.2%
22.6%
$1.0B
$4.9B
$1.2B
Oct '22
$1.6B
$91M
42.3%
12.6%
-$105M
$4.9B
$295M
Jul '22
$1.6B
$120M
40.8%
15.0%
-$58M
$4.9B
$452M
Apr '22
$1.4B
$155M
46.1%
19.3%
-$22M
$4.9B
$651M
Jan '22
$3.0B
$594M
47.8%
29.0%
$1.0B
$4.9B
$2.0B
Oct '21
$1.7B
$88M
49.9%
24.3%
-$189M
$4.9B
$1.4B
Jul '21
$1.7B
$374M
48.6%
22.5%
$211M
$5.9B
$1.7B
Valuation over time
How the market has priced BBWI against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 9.2× (Mar '23) to 6.8× (Jun '26).
The price-to-sales ratio has fallen from 1.0× (Mar '23) to 0.6× (Jun '26).
The dividend yield has risen from 2.5% (Mar '23) to 3.8% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is BBWI growing its revenue and profit?
Over the past 5 years, Bath & Body Works, Inc.'s revenue has grown 2.5% per year, and net income declined 5.1% per year. These are computed facts, not advice.
How much debt does BBWI have?
As of FY2026, Bath & Body Works, Inc. reported $3.9B of total debt against $953M of cash; operating income covered interest expense 4.1×.
What is BBWI's profit margin?
In FY2026, gross margin was 43.7%, operating margin 15.4%, and net margin 8.9%.
What is BBWI's P/E ratio?
As of Jun '26, Bath & Body Works, Inc. traded at a price-to-earnings ratio of about 6.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.