Valuation, from the filing
| Public float | $5.80B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-08-02 |
|---|---|---|
| Float per share | $28.84 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 8.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 0.8× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-08-02, not today, and each multiple below it uses the figures for the fiscal year ending 2026-01-31 — the year that filing covered.
Valuation over time
8.9× earnings today, against a median of 10.1× across 9 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-08-02 | $5.80B | 8.9× | |
| 2024-08-03 | $7.30B | 9.1× | |
| 2023-07-29 | $8.30B | 9.5× | |
| 2022-07-30 | $8.10B | 10.1× | |
| 2021-07-31 | $21.20B | 15.9× | |
| 2020-08-01 | $5.69B | 6.7× | |
| 2018-08-04 | $7.46B | 11.6× | |
| 2017-07-29 | $10.97B | 11.2× | |
| 2016-07-30 | $17.90B | 15.5× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Retail-Retail Stores, NEC filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| FCF margin | 11.9% | 100th | |
| Operating margin | 15.4% | 100th | |
| Net margin | 8.9% | 91th | |
| SBC / revenue | 0.4% | 22th | |
| CapEx / revenue | 3.3% | 71th | |
| Gross margin | 43.7% | 64th | |
| Effective tax rate | 26.4% | 60th | |
| Revenue YoY growth | -0.2% | 55th | |
| Current ratio | 1.27x | 50th |
Bath & Body Works, Inc. (BBWI) reported revenue of $7.21B and net income of $781.00M for the fiscal year ended 2026-08-01. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Bath & Body Works, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Retail-Retail Stores, NEC.
Income
| Metric | 2026-08-01 |
|---|---|
| Revenue | $7.21B |
| Cost of revenue | $4.03B |
| Gross profit | $3.18B |
| Operating income | $1.21B |
| Net income | $781.00M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $971.00M |
| Income tax expense | $190.00M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $1.97B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-08-01 |
|---|---|
| Cash & equivalents | $794.00M |
| Total assets | $5.16B |
| Current assets | $2.05B |
| Total liabilities | Unavailable |
| Current liabilities | $1.71B |
| Total equity incl. NCI | -$1.05B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $883.00M |
| Accounts receivable | $154.00M |
| Goodwill | $628.00M |
| Long-term debt | $3.37B |
| Accounts payable | $676.00M |
Cash flow
| Metric | 2026-08-01 |
|---|---|
| Operating cash flow | $1.27B |
| Capital expenditures | $242.00M |
| Investing cash flow | -$221.00M |
| Financing cash flow | -$621.00M |
| Net change in cash | $430.00M |
| Stock-based compensation | $23.00M |
| Common dividends paid | $162.00M |
| Common share repurchases | $147.00M |
| Depreciation & amortization | Unavailable |
Derived
| Metric | 2026-08-01 |
|---|---|
| Free cash flow | $1.03B |
| Gross margin | 44.1% |
| Operating margin | 16.7% |
| FCF margin | 14.3% |
| SBC / revenue | 0.3% |
| Current ratio | 1.20x |
| Revenue YoY growth | -2.2% |
| Net margin | 10.8% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 3.4% |
| Long-term debt / equity | Unavailable |
| Effective tax rate | 19.6% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BBWI in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.