InsiderClue
Stocks · Consumer discretionary · Retail-Retail Stores, NEC

Bath & Body Works, Inc.

BBWI Clue Score57
United States Fiscal year ends January CIK 0000701985
$17.34 -2.09% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $17.34 −72.26% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue12.57Operating income2.00Net income1.16EPS, diluted3.98Fiscal year 2018Revenue12.63 +0.5%Operating income1.73Net income0.98 −15.1%EPS, diluted3.42 −14.1%Fiscal year 2019Revenue13.24 +4.8%Operating income1.24Net income0.64 −34.5%EPS, diluted2.31 −32.5%Fiscal year 2020Revenue5.41 −59.2%Operating income1.04Net income−0.37 −156.8%EPS, diluted−1.32 −157.1%Fiscal year 2021Revenue6.43 +19.0%Operating income1.60Net income0.84EPS, diluted3.00Fiscal year 2022Revenue7.88 +22.5%Operating income2.01Net income1.33 +57.9%EPS, diluted4.88 +62.7%Fiscal year 2023Revenue7.56 −4.1%Operating income1.38Net income0.80 −40.0%EPS, diluted3.43 −29.7%Fiscal year 2024Revenue7.43 −1.7%Operating income1.29Net income0.88 +9.7%EPS, diluted3.84 +12.0%Fiscal year 2025Revenue7.31 −1.6%Operating income1.27Net income0.80 −9.1%EPS, diluted3.61 −6.0%Fiscal year 2026Revenue7.29 −0.2%Operating income1.13Net income0.65 −18.7%EPS, diluted3.11 −13.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 12.57 12.63 13.24 5.41 6.43 7.88 7.56 7.43 7.31 7.29
Growth +0.5% +4.8% −59.2% +19.0% +22.5% −4.1% −1.7% −1.6% −0.2%
Operating income 2.00 1.73 1.24 1.04 1.60 2.01 1.38 1.29 1.27 1.13
Net income 1.16 0.98 0.64 −0.37 0.84 1.33 0.80 0.88 0.80 0.65
Growth −15.1% −34.5% −156.8% +57.9% −40.0% +9.7% −9.1% −18.7%
EPS, diluted 3.98 3.42 2.31 −1.32 3.00 4.88 3.43 3.84 3.61 3.11
Growth −14.1% −32.5% −157.1% +62.7% −29.7% +12.0% −6.0% −13.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin40.8%Operating margin15.9%Net margin9.2%Free cash flow margin8.0%Fiscal year 2018Gross margin39.3%Operating margin13.7%Net margin7.8%Free cash flow margin5.5%Fiscal year 2019Gross margin37.0%Operating margin9.3%Net margin4.9%Free cash flow margin5.7%Fiscal year 2020Gross margin44.2%Operating margin19.2%Net margin−6.8%Free cash flow margin14.4%Fiscal year 2021Gross margin48.1%Operating margin24.9%Net margin13.1%Free cash flow margin28.1%Fiscal year 2022Gross margin48.9%Operating margin25.5%Net margin16.9%Free cash flow margin15.5%Fiscal year 2023Gross margin43.1%Operating margin18.2%Net margin10.6%Free cash flow margin10.8%Fiscal year 2024Gross margin43.6%Operating margin17.3%Net margin11.8%Free cash flow margin8.8%Fiscal year 2025Gross margin44.3%Operating margin17.3%Net margin10.9%Free cash flow margin9.0%Fiscal year 2026Gross margin43.7%Operating margin15.4%Net margin8.9%Free cash flow margin11.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 40.8% 39.3% 37.0% 44.2% 48.1% 48.9% 43.1% 43.6% 44.3% 43.7%
Operating margin 15.9% 13.7% 9.3% 19.2% 24.9% 25.5% 18.2% 17.3% 17.3% 15.4%
Net margin 9.2% 7.8% 4.9% −6.8% 13.1% 16.9% 10.6% 11.8% 10.9% 8.9%
Free cash flow margin 8.0% 5.5% 5.7% 14.4% 28.1% 15.5% 10.8% 8.8% 9.0% 11.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow1.99Capital expenditure−0.99Free cash flow1.00Buybacks−0.44Dividends paid−1.27Fiscal year 2018Operating cash flow1.41Capital expenditure−0.71Free cash flow0.70 −30.1%Buybacks−0.45Dividends paid−0.69Fiscal year 2019Operating cash flow1.38Capital expenditure−0.63Free cash flow0.75 +7.0%Buybacks−0.20Dividends paid−0.67Fiscal year 2020Operating cash flow1.24Capital expenditure−0.46Free cash flow0.78 +4.0%Buybacks0.00Dividends paid−0.33Fiscal year 2021Operating cash flow2.04Capital expenditure−0.23Free cash flow1.81 +132.8%Buybacks0.00Dividends paid−0.08Fiscal year 2022Operating cash flow1.49Capital expenditure−0.27Free cash flow1.22 −32.5%Buybacks−1.96Dividends paid−0.12Fiscal year 2023Operating cash flow1.14Capital expenditure−0.33Free cash flow0.82 −33.2%Buybacks−1.31Dividends paid−0.19Fiscal year 2024Operating cash flow0.95Capital expenditure−0.30Free cash flow0.66 −19.6%Buybacks−0.15Dividends paid−0.18Fiscal year 2025Operating cash flow0.89Capital expenditure−0.23Free cash flow0.66 +0.6%Buybacks−0.40Dividends paid−0.18Fiscal year 2026Operating cash flow1.10Capital expenditure−0.24Free cash flow0.87 +31.1%Buybacks−0.40Dividends paid−0.17
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 1.99 1.41 1.38 1.24 2.04 1.49 1.14 0.95 0.89 1.10
Capital expenditure −0.99 −0.71 −0.63 −0.46 −0.23 −0.27 −0.33 −0.30 −0.23 −0.24
Free cash flow 1.00 0.70 0.75 0.78 1.81 1.22 0.82 0.66 0.66 0.87
Growth −30.1% +7.0% +4.0% +132.8% −32.5% −33.2% −19.6% +0.6% +31.1%
Buybacks −0.44 −0.45 −0.20 0.00 0.00 −1.96 −1.31 −0.15 −0.40 −0.40
Dividends paid −1.27 −0.69 −0.67 −0.33 −0.08 −0.12 −0.19 −0.18 −0.18 −0.17

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash1.93Total debt5.70Net cash (debt)−3.77Shareholders’ equity−0.73Fiscal year 2018Cash1.52Total debt5.71Net cash (debt)−4.19Shareholders’ equity−0.75Fiscal year 2019Cash1.41Total debt5.74Net cash (debt)−4.33Shareholders’ equity−0.87Fiscal year 2020Cash1.50Total debt5.49Net cash (debt)−3.99Shareholders’ equity−1.50Fiscal year 2021Cash3.57Total debt6.37Net cash (debt)−2.80Shareholders’ equity−0.66Fiscal year 2022Cash1.98Total debt4.85Net cash (debt)−2.88Shareholders’ equity−1.52Fiscal year 2023Cash1.23Total debt4.86Net cash (debt)−3.63Shareholders’ equity−2.21Fiscal year 2024Cash1.08Total debt4.39Net cash (debt)−3.30Shareholders’ equity−1.63Fiscal year 2025Cash0.67Total debt3.88Net cash (debt)−3.21Shareholders’ equity−1.39Fiscal year 2026Cash0.95Total debt3.61Net cash (debt)−2.66Shareholders’ equity−1.28
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 1.93 1.52 1.41 1.50 3.57 1.98 1.23 1.08 0.67 0.95
Total debt 5.70 5.71 5.74 5.49 6.37 4.85 4.86 4.39 3.88 3.61
Net cash (debt) −3.77 −4.19 −4.33 −3.99 −2.80 −2.88 −3.63 −3.30 −3.21 −2.66
Shareholders’ equity −0.73 −0.75 −0.87 −1.50 −0.66 −1.52 −2.21 −1.63 −1.39 −1.28

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 28 Jan 2017 FY2018 3 Feb 2018 FY2019 2 Feb 2019 FY2020 1 Feb 2020 FY2021 30 Jan 2021 FY2022 29 Jan 2022 FY2023 28 Jan 2023 FY2024 3 Feb 2024 FY2025 1 Feb 2025 FY2026 31 Jan 2026
Revenue and profit
12.57 12.63 13.24 5.41 6.43 7.88 7.56 7.43 7.31 7.29
Growth +0.5% +4.8% −59.2% +19.0% +22.5% −4.1% −1.7% −1.6% −0.2%
7.45 7.67 8.34 3.02 3.34 4.03 4.31 4.19 4.07 4.10
5.13 4.96 4.90 2.39 3.10 3.86 3.26 3.24 3.23 3.19
Growth −3.2% −1.2% −51.3% +29.7% +24.5% −15.6% −0.6% −0.1% −1.4%
3.12 3.23 3.56 1.35 1.49 1.85 1.88 1.95 1.97 2.06
2.00 1.73 1.24 1.04 1.60 2.01 1.38 1.29 1.27 1.13
Growth −13.7% −28.4% −15.9% +54.2% +25.2% −31.5% −6.6% −1.5% −11.1%
1.70 1.31 0.86 0.61 1.12 1.42 1.05 1.02 1.03 0.88
0.54 0.33 0.21 0.15 0.26 0.35 0.25 0.14 0.23 0.23
1.16 0.98 0.64 −0.37 0.84 1.33 0.80 0.88 0.80 0.65
Growth −15.1% −34.5% −156.8% +57.9% −40.0% +9.7% −9.1% −18.7%
Per share
4.04 3.46 2.33 −1.33 3.04 4.96 3.45 3.86 3.62 3.12
3.98 3.42 2.31 −1.32 3.00 4.88 3.43 3.84 3.61 3.11
Growth −14.1% −32.5% −157.1% +62.7% −29.7% +12.0% −6.0% −13.9%
287.0 284.0 276.0 276.0 278.0 269.0 232.0 228.0 220.0 208.0
291.0 287.0 279.0 278.0 281.0 273.0 233.0 229.0 221.0 209.0
Growth −1.4% −2.8% −0.4% +1.1% −2.8% −14.7% −1.7% −3.5% −5.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 2.5% a year over five years, and earnings per share grew 0.7% a year.
  • The diluted share count fell 25.6% in five years, so buybacks did some of the work per share.
  • Operating margin is down 9.5 points on five years ago, at 15.4%.
  • A net loss in 1 of 10 years on file.