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
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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

Balance sheet

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
Assets
1.93 1.52 1.41 1.50 3.57 1.98 1.23 1.08 0.67 0.95
0.29 0.31 0.37 0.31 0.15 0.24 0.23 0.22 0.21 0.18
1.10 1.24 1.25 1.29 0.57 0.71 0.71 0.71 0.73 0.70
2.74 2.89 2.82 2.49 1.02 1.01 1.19 1.22 1.13 1.13
1.35 1.35 1.35 0.63 0.63 0.63 0.63 0.63 0.63 0.63
8.17 8.15 8.09 10.13 11.57 6.03 5.49 5.46 4.87 5.07
Growth −0.3% −0.7% +25.2% +14.3% −47.9% −8.8% −0.6% −10.8% +4.0%
Liabilities
5.70 5.71 5.74 5.49 6.37 4.85 4.86 4.39 3.88 3.61
calc 5.70 5.71 5.74 5.49 6.37 4.85 4.86 4.39 3.88 3.61
Equity
0.21 −1.43 −1.48 −2.18 −1.42 −1.80 −2.40 −1.84 −1.58 −1.44
−0.73 −0.75 −0.87 −1.50 −0.66 −1.52 −2.21 −1.63 −1.39 −1.28
Growth
Per share and net cash
calc −3.77 −4.19 −4.33 −3.99 −2.80 −2.88 −3.63 −3.30 −3.21 −2.66
286.0 280.0 275.0 277.0 278.0 254.0 229.0 225.0 216.0 201.0
calc −2.55 −2.69 −3.16 −5.41 −2.38 −5.98 −9.63 −7.23 −6.41 −6.37

Lines marked calc are worked out here from filed figures; point at one for how.