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Bath & Body Works BBWI Operating margin

Operating margin at other companies

Target logo
TargetTGT
4.5%-0.9pp
Newell Brands logo
Newell BrandsNWL
4.4%+3.8pp
Estee Lauder Companies Inc. logo
Estee Lauder Companies Inc.EL
2.9%
Ulta Beauty, Inc. logo
Ulta Beauty, Inc.ULTA
12.4%-1.3pp
Coty logo
CotyCOTY
-0.4%-4.7pp
The Honest Company logo
The Honest CompanyHNST
-4.4%-5.5pp

Other financials

Income statement

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Revenue$1.4B-3.2%
Gross profit$587.0M-9.1%
Operating income$231.0M+10.5%
Net income$183.0M+74.3%
EPS (diluted)$0.90+83.7%

Balance sheet

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Cash & equivalents$820.0M+28.9%
Total debt$4.7B-5.4%
Total equity-$1.1B+21.9%
Total assets$5.0B+1.7%

Cash flow

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Operating cash flow$244.0M+29.8%
CapEx$49.0M+32.4%
Free cash flow$195.0M+29.1%

Valuation

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Market cap$4.06B-34.1%
Enterprise value$7.95B-26.3%
P/E5.6×-2.9×
P/S0.6×-0.3×

Profitability

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Gross margin43.2%-1.4pp
Net margin10%-1.1pp
FCF margin10.6%+0.7pp

Returns & leverage

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Return on equity-56.3%
Debt / equity262.3×
Current ratio1.4×0.0×

Where this comes from

Calculated from Bath & Body Works’s reported figures.

Based on trailing twelve months.

The source filing: Bath & Body Works’s 10-Q, filed May 27, 2026. Open the filing →

Filed
May 27, 2026, 4:22 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000701985-26-000014

FAQ

What is Bath & Body Works's operating margin?
Bath & Body Works (BBWI) reported operating margin of 15.8% in Q1 2026.
How has Bath & Body Works's operating margin changed year-over-year?
Bath & Body Works's operating margin decreased by 9.6% year-over-year, from 17.5% to 15.8%.
What is the long-term trend for Bath & Body Works's operating margin?
Over 5 years (2020 to 2025), Bath & Body Works's operating margin has grown at a -9.1% compound annual growth rate (CAGR), from 24.9% to 15.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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