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Bath & Body Works BBWI Return on invested capital

Return on invested capital at other companies

Target logo
TargetTGT
11.9%-6.4pp
Estee Lauder Companies Inc. logo
Estee Lauder Companies Inc.EL
2.1%
Ulta Beauty, Inc. logo
Ulta Beauty, Inc.ULTA
27.6%-3.5pp
Church & Dwight logo
Church & DwightCHD
13.9%+3.8pp
Inter Parfums logo
Inter ParfumsIPAR
23.4%-1.8pp
AptarGroup logo
AptarGroupATR
10.9%-0.5pp

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$4.14B-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
Operating margin15.8%-1.7pp
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 return on invested capital?
Bath & Body Works (BBWI) reported return on invested capital of 32.7% in Q1 2026.
How has Bath & Body Works's return on invested capital changed year-over-year?
Bath & Body Works's return on invested capital decreased by 4.4% year-over-year, from 34.2% to 32.7%.
What is the long-term trend for Bath & Body Works's return on invested capital?
Over 5 years (2020 to 2025), Bath & Body Works's return on invested capital has grown at a 3.5% compound annual growth rate (CAGR), from 24.8% to 29.5%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.