BBWI Financials Bath & Body Works, Inc.

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 Aug 30, 2026, 10:12 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2026	$7.3B	$649M	43.7%	15.4%	-50.7%	12.8%	$865M	$3.9B	$953M
2025	$7.3B	$798M	44.3%	17.3%	-57.6%	16.4%	$660M	$3.9B	$674M
2024	$7.4B	$878M	43.6%	17.3%	-54.0%	16.1%	$656M	$4.4B	$1.1B
2023	$7.6B	$800M	43.1%	18.2%	-36.3%	14.6%	$816M	$4.9B	$1.2B
2022	$7.9B	$1.3B	48.9%	25.5%	-87.8%	22.1%	$1.2B	$4.9B	$2.0B
2021	$6.4B	$844M	48.1%	24.9%	-127.5%	7.3%	$1.8B	$6.4B	$3.6B
2020	$5.4B	-$366M	44.2%	19.2%	24.4%	-3.6%	$778M	$5.5B	$1.5B
2019	$13.2B	$644M	37.0%	9.3%	-74.1%	8.0%	$748M	$5.8B	$1.4B
2018	$12.6B	$983M	39.3%	13.7%	-130.5%	12.1%	$699M	$5.8B	$1.5B
2017	—	$1.2B	—	—	-158.8%	14.2%	$1.0B	$5.7B	$1.9B
2016	—	$1.3B	—	—	-483.8%	14.8%	$1.3B	$5.7B	$2.5B
2015	—	$1.0B	—	—	5788.9%	13.9%	$1.1B	$4.8B	$1.7B
2014	—	$903M	—	—	-244.1%	12.7%	$557M	$5.0B	$1.7B
2013	—	$753M	—	—	-74.2%	12.5%	$763M	$4.5B	$773M
2012	—	$850M	—	—	620.4%	13.9%	$840M	$3.5B	$935M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Aug '26	$1.5B	$118M	45.7%	14.3%	-11.2%	2.3%	$23M	$3.6B	$794M
May '26	$1.4B	$183M	42.6%	16.8%	-16.2%	3.7%	$195M	$3.6B	$820M
Jan '26	$2.7B	$403M	45.7%	22.0%	-31.5%	8.0%	$814M	$3.9B	$953M
Nov '25	$1.6B	$77M	41.3%	10.1%	-4.8%	1.5%	-$1M	$3.9B	$236M
Aug '25	$1.5B	$64M	41.3%	10.1%	-4.1%	1.3%	-$99M	$3.9B	$364M
May '25	$1.4B	$105M	45.4%	14.7%	-7.2%	2.2%	$151M	$3.9B	$636M
Feb '25	$2.8B	$453M	46.7%	24.3%	-32.7%	9.3%	$895M	$3.9B	$674M
Nov '24	$1.6B	$106M	43.5%	13.5%	-6.1%	2.1%	-$164M	$4.2B	$191M
Aug '24	$1.5B	$152M	41.0%	12.0%	-8.8%	3.1%	-$101M	$4.2B	$514M
May '24	$1.4B	$87M	43.8%	13.5%	-5.2%	1.7%	$30M	$4.3B	$855M
Feb '24	$2.9B	$579M	45.9%	23.9%	-35.6%	10.6%	$878M	$4.4B	$1.1B
Oct '23	$1.6B	$119M	43.7%	14.1%	-5.6%	2.3%	-$121M	$4.5B	$412M
Jul '23	$1.6B	$99M	39.9%	12.1%	-4.6%	1.9%	-$52M	$4.7B	$790M
Apr '23	$1.4B	$81M	42.7%	13.0%	-3.7%	1.5%	-$49M	$4.8B	$1.0B
Jan '23	$2.9B	$434M	43.2%	22.6%	-19.7%	7.9%	$1.0B	$4.9B	$1.2B
Oct '22	$1.6B	$91M	42.3%	12.6%	-3.5%	1.8%	-$105M	$4.9B	$295M
Jul '22	$1.6B	$120M	40.8%	15.0%	-4.5%	2.4%	-$58M	$4.9B	$452M
Apr '22	$1.4B	$155M	46.1%	19.3%	-5.8%	3.2%	-$22M	$4.9B	$651M
Jan '22	$3.0B	$594M	47.8%	29.0%	-39.1%	9.9%	$1.0B	$4.9B	$2.0B
Oct '21	$1.7B	$88M	49.9%	24.3%	-5.3%	1.5%	-$189M	$4.9B	$1.4B

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 7.2× (Nov '26).
The price-to-sales ratio has fallen from 1.0× (Mar '23) to 0.6× (Nov '26).
The dividend yield has risen from 2.5% (Mar '23) to 3.6% (Nov '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?

Bath & Body Works, Inc.'s P/E (TTM) is 5.99 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the BBWI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 7.2× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.