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Boot Barn vs Shoe Station: revenue, profit, margins and growth compared

Boot Barn brought in $2.3B of revenue in fiscal 2026, Shoe Station $1.1B in fiscal 2025. Revenue changed by +17.9% at Boot Barn and -5.6% at Shoe Station on the year before, so Boot Barn grew faster. Boot Barn kept 10.0% of its revenue as net profit, Shoe Station 4.6%. Free cash flow was $126.3M at Boot Barn and $26.6M at Shoe Station.

Side by side, latest fiscal year

BOOTSHOE
Fiscal year endedFY2026 (March 28, 2026)FY2025 (January 31, 2026)
Revenue$2.3B$1.1B
Revenue growth+17.9%-5.6%
Net income$225.9M$52.3M
Net margin10.0%4.6%
Free cash flow$126.3M$26.6M
Free cash flow margin5.6%2.3%
Earnings per share (diluted)$7.35$1.90
Cash$141M$117.1M
Debtn/an/a
Price to earnings16.86.8
Market value$3.7B$353M
Dividend yieldn/a4.62%
Rank by revenue in sector#337 of 778 · Consumer discretionary#443 of 778 · Consumer discretionary

Over the years

Revenue
BOOT FY2019: $776.9MBOOT FY2020: $845.6MBOOT FY2021: $893.5MBOOT FY2022: $1.5BBOOT FY2023: $1.7BBOOT FY2024: $1.7BBOOT FY2025: $1.9BBOOT FY2026: $2.3BSHOE FY2018: $1BSHOE FY2020: $1BSHOE FY2021: $976.8MSHOE FY2021: $1.3BSHOE FY2022: $1.3BSHOE FY2023: $1.2BSHOE FY2024: $1.2BSHOE FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BOOT $2.3BSHOE $1.1B
Net income
BOOT FY2019: $39MBOOT FY2020: $47.9MBOOT FY2021: $59.4MBOOT FY2022: $192.5MBOOT FY2023: $170.6MBOOT FY2024: $147MBOOT FY2025: $180.9MBOOT FY2026: $225.9MSHOE FY2018: $38.1MSHOE FY2020: $42.9MSHOE FY2021: $16MSHOE FY2021: $154.9MSHOE FY2022: $110.1MSHOE FY2023: $73.3MSHOE FY2024: $73.8MSHOE FY2025: $52.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
BOOT $225.9MSHOE $52.3M
Net margin
BOOT FY2019: 5.0%BOOT FY2020: 5.7%BOOT FY2021: 6.6%BOOT FY2022: 12.9%BOOT FY2023: 10.3%BOOT FY2024: 8.8%BOOT FY2025: 9.5%BOOT FY2026: 10.0%SHOE FY2018: 3.7%SHOE FY2020: 4.1%SHOE FY2021: 1.6%SHOE FY2021: 11.6%SHOE FY2022: 8.7%SHOE FY2023: 6.2%SHOE FY2024: 6.1%SHOE FY2025: 4.6%FY18FY19FY20FY21FY22FY23FY24FY25FY26
BOOT 10.0%SHOE 4.6%
Revenue growth
BOOT FY2020: +8.8%BOOT FY2021: +5.7%BOOT FY2022: +66.6%BOOT FY2023: +11.4%BOOT FY2024: +0.6%BOOT FY2025: +14.6%BOOT FY2026: +17.9%SHOE FY2020: +0.7%SHOE FY2021: -5.8%SHOE FY2021: +36.2%SHOE FY2022: -5.1%SHOE FY2023: -6.8%SHOE FY2024: +2.3%SHOE FY2025: -5.6%FY20FY21FY22FY23FY24FY25FY26
BOOT +17.9%SHOE -5.6%
Free cash flow
BOOT FY2019: $35.7MBOOT FY2020: -$11.9MBOOT FY2021: $127.5MBOOT FY2022: $28.4MBOOT FY2023: -$35.6MBOOT FY2024: $117.3MBOOT FY2025: -$753KBOOT FY2026: $126.3MSHOE FY2018: $66.7MSHOE FY2020: $48.4MSHOE FY2021: $51MSHOE FY2021: $116.5MSHOE FY2022: -$26.9MSHOE FY2023: $66.5MSHOE FY2024: $69.5MSHOE FY2025: $26.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
BOOT $126.3MSHOE $26.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Boot Barn and Shoe Station

Which is bigger by revenue, Boot Barn or Shoe Station?

Boot Barn is bigger by revenue: $2.3B in fiscal 2026, against $1.1B for Shoe Station in fiscal 2025.

Which keeps more of its revenue as profit, Boot Barn or Shoe Station?

Boot Barn had a net margin of 10.0% in fiscal 2026; Shoe Station had 4.6% in fiscal 2025.

Which grew revenue faster, Boot Barn or Shoe Station?

In their latest fiscal years revenue changed by +17.9% at Boot Barn and -5.6% at Shoe Station.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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