Bath & Body Works, Inc. (BBWI) Stock Analysis
Consumer Cyclical · Specialty Retail · NYSE
Bath & Body Works, Inc. (BBWI) posted $7.29B in revenue for fiscal 2026 (down 0.2% year over year), at a 8.9% net margin, and has compounded revenue about 2.5%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Bath & Body Works, Inc.
Bath & Body Works, Inc. has grown revenue from $12.57B to $7.29B over the last 10 fiscal years, compounding about 2.5% a year. The most recent year was down 0.2%, so growth has cooled from its longer-run pace.
Net margin sits at 8.9%, down 2 points year over year on a 43.7% gross margin. It carries about $4.17B of total debt.
At today's valuation the market is pricing in roughly -14.8% annual free-cash-flow growth — versus the -13.7% it actually delivered over the last five years, broadly in line with what it has delivered.
Synthesised from Bath & Body Works, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Bath & Body Works, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.57B | $12.63B | $13.24B | $5.41B | $6.43B | $7.88B | $7.56B | $7.43B | $7.31B | $7.29B |
| Gross profit | $5.13B | $4.96B | $4.90B | $2.39B | $3.10B | $3.85B | $3.25B | $3.24B | $3.23B | $3.19B |
| Net income | $1.16B | $983.00M | $644.00M | $-366.00M | $844.00M | $1.33B | $800.00M | $878.00M | $798.00M | $649.00M |
| Net margin | 9.2% | 7.8% | 4.9% | -6.8% | 13.1% | 16.9% | 10.6% | 11.8% | 10.9% | 8.9% |
Source: Bath & Body Works, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
Bath & Body Works, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into BBWI stock?
At today's market cap of $3.65B, Bath & Body Works, Inc. is priced for free-cash-flow growth of about -14.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $865.00M from the FY ending 2026-01-31). For comparison, free cash flow actually grew -13.7%/yr over the last five fiscal years and revenue 2.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Bath & Body Works, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track BBWI in your portfolio →
Bath & Body Works, Inc. financial history by metric
Compare Bath & Body Works, Inc. with peers
About Bath & Body Works, Inc.
Bath & Body Works, Inc. operates as a specialty retailer of personal care and home fragrance products. The company offers body and home fragrances, including 3-wick candles, home fragrance diffusers, fine fragrance mists, eau de parfum, body wash, hand soaps, body lotions, and body creams, as well as sanitizer and other products. It sells its products under the Bath & Body Works and other brand names through retail stores and e-commerce sites in the United States and Canada, as well as through international stores operated by partners under the franchise, license, and wholesale arrangements. The company was formerly known as L Brands, Inc. and changed its name to Bath & Body Works, Inc. in August 2021. Bath & Body Works, Inc. was founded in 1963 and is headquartered in Columbus, Ohio.
Bath & Body Works, Inc. — frequently asked questions
What is Bath & Body Works, Inc.'s revenue?
Bath & Body Works, Inc. (BBWI) reported revenue of $7.29B for fiscal year 2026, down 0.2% from the prior year, according to its SEC filings.
Is Bath & Body Works, Inc. profitable?
Yes. BBWI earned net income of $649.00M in fiscal 2026, a net margin of 8.9%.
What is BBWI's P/E ratio?
Bath & Body Works, Inc. trades at a price-to-earnings ratio of about 5.1 based on the latest data in our nightly-refreshed cache.
How fast is Bath & Body Works, Inc. growing?
BBWI's revenue grew at roughly 2.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Bath & Body Works, Inc. have?
As of fiscal year 2026, BBWI carried roughly $4.17B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Bath & Body Works, Inc.'s gross margin?
BBWI's gross margin was 43.7% in fiscal 2026 — gross profit of $3.19B on revenue of $7.29B.
What is Bath & Body Works, Inc.'s market cap?
Bath & Body Works, Inc. (BBWI) has a market capitalization of about $3.65B, based on the latest data in our nightly-refreshed cache.
When does Bath & Body Works, Inc.'s fiscal year end?
BBWI's fiscal year ends in January. Its most recent annual filing covers the fiscal year ending 2026-01-31.
What growth is priced into BBWI stock?
At today's market cap of $3.65B, Bath & Body Works, Inc. is priced for free-cash-flow growth of about -14.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $865.00M from the FY ending 2026-01-31). For comparison, free cash flow actually grew -13.7%/yr over the last five fiscal years and revenue 2.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Bath & Body Works, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.