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Bath & Body Works BBWI Operating margin

Operating margin at other companies

Target logo
TargetTGT
4.5%-0.9pp
Estee Lauder Companies Inc. logo
Estee Lauder Companies Inc.EL
2.9%
Ulta Beauty, Inc. logo
Ulta Beauty, Inc.ULTA
12.4%-1.3pp
Church & Dwight logo
Church & DwightCHD
17.3%+4.2pp
Inter Parfums logo
Inter ParfumsIPAR
18%-1.2pp
AptarGroup logo
AptarGroupATR
12.8%-1.2pp

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$4.14B-38.6%
Enterprise value$8.04B-27.2%
P/E5.7×-2.6×
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 official record: Bath & Body Works’s 10-Q, filed May 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.