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Side-by-side financial comparison of Allstate (ALL) and Bath & Body Works, Inc. (BBWI). Click either name above to swap in a different company.
Bath & Body Works, Inc. is the larger business by last-quarter revenue ($1.6B vs $922.0M, roughly 1.7× Allstate). Allstate runs the higher net margin — 266.6% vs 4.8%, a 261.8% gap on every dollar of revenue. On growth, Allstate posted the faster year-over-year revenue change (7.2% vs -1.0%). Over the past eight quarters, Bath & Body Works, Inc.'s revenue compounded faster (-26.0% CAGR vs -75.8%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
ALL vs BBWI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $922.0M | $1.6B |
| Net Profit | $2.5B | $77.0M |
| Gross Margin | — | 41.3% |
| Operating Margin | -1400.3% | 10.1% |
| Net Margin | 266.6% | 4.8% |
| Revenue YoY | 7.2% | -1.0% |
| Net Profit YoY | — | -27.4% |
| EPS (diluted) | $9.25 | $0.37 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $922.0M | — | ||
| Q4 25 | $17.3B | $1.6B | ||
| Q3 25 | $17.3B | $1.5B | ||
| Q2 25 | $16.6B | $1.4B | ||
| Q1 25 | $16.5B | $2.8B | ||
| Q4 24 | $16.5B | $1.6B | ||
| Q3 24 | $16.6B | $1.5B | ||
| Q2 24 | $15.7B | $1.4B |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $3.8B | $77.0M | ||
| Q3 25 | $3.7B | $64.0M | ||
| Q2 25 | $2.1B | $105.0M | ||
| Q1 25 | $595.0M | $453.0M | ||
| Q4 24 | $1.9B | $106.0M | ||
| Q3 24 | $1.2B | $152.0M | ||
| Q2 24 | $331.0M | $87.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.3% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 45.4% | ||
| Q1 25 | — | 46.7% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 41.0% | ||
| Q2 24 | — | 43.8% |
| Q1 26 | -1400.3% | — | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 10.1% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 24.3% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 13.5% |
| Q1 26 | 266.6% | — | ||
| Q4 25 | 22.1% | 4.8% | ||
| Q3 25 | 21.7% | 4.1% | ||
| Q2 25 | 12.7% | 7.4% | ||
| Q1 25 | 3.6% | 16.3% | ||
| Q4 24 | 11.7% | 6.6% | ||
| Q3 24 | 7.2% | 10.0% | ||
| Q2 24 | 2.1% | 6.3% |
| Q1 26 | $9.25 | — | ||
| Q4 25 | $14.24 | $0.37 | ||
| Q3 25 | $13.95 | $0.30 | ||
| Q2 25 | $7.76 | $0.49 | ||
| Q1 25 | $2.11 | $2.06 | ||
| Q4 24 | $7.07 | $0.49 | ||
| Q3 24 | $4.33 | $0.68 | ||
| Q2 24 | $1.13 | $0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $236.0M |
| Total DebtLower is stronger | — | $3.9B |
| Stockholders' EquityBook value | $31.6B | $-1.6B |
| Total Assets | $124.0B | $5.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $236.0M | ||
| Q3 25 | $8.7B | $364.0M | ||
| Q2 25 | $9.6B | $636.0M | ||
| Q1 25 | $6.5B | $674.0M | ||
| Q4 24 | $4.5B | $191.0M | ||
| Q3 24 | $7.0B | $514.0M | ||
| Q2 24 | $5.3B | $855.0M |
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $3.9B | ||
| Q3 25 | $8.1B | $3.9B | ||
| Q2 25 | $8.1B | $3.9B | ||
| Q1 25 | $8.1B | $3.9B | ||
| Q4 24 | $8.1B | $4.2B | ||
| Q3 24 | $8.1B | $4.2B | ||
| Q2 24 | $8.1B | $4.3B |
| Q1 26 | $31.6B | — | ||
| Q4 25 | $30.6B | $-1.6B | ||
| Q3 25 | $27.5B | $-1.5B | ||
| Q2 25 | $24.0B | $-1.5B | ||
| Q1 25 | $22.1B | $-1.4B | ||
| Q4 24 | $21.4B | $-1.7B | ||
| Q3 24 | $20.9B | $-1.7B | ||
| Q2 24 | $18.6B | $-1.7B |
| Q1 26 | $124.0B | — | ||
| Q4 25 | $119.8B | $5.0B | ||
| Q3 25 | $120.4B | $4.8B | ||
| Q2 25 | $115.9B | $4.9B | ||
| Q1 25 | $115.2B | $4.9B | ||
| Q4 24 | $111.6B | $5.0B | ||
| Q3 24 | $113.7B | $4.9B | ||
| Q2 24 | $108.4B | $5.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.43× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $80.0M |
| Free Cash FlowOCF − Capex | — | $-1.0M |
| FCF MarginFCF / Revenue | — | -0.1% |
| Capex IntensityCapex / Revenue | — | 5.1% |
| Cash ConversionOCF / Net Profit | — | 1.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $946.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $80.0M | ||
| Q3 25 | $3.3B | $-43.0M | ||
| Q2 25 | $1.9B | $188.0M | ||
| Q1 25 | $2.0B | $955.0M | ||
| Q4 24 | $1.7B | $-99.0M | ||
| Q3 24 | $3.2B | $-46.0M | ||
| Q2 24 | $2.4B | $76.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $-1.0M | ||
| Q3 25 | $3.2B | $-99.0M | ||
| Q2 25 | $1.9B | $151.0M | ||
| Q1 25 | $1.9B | $895.0M | ||
| Q4 24 | $1.7B | $-164.0M | ||
| Q3 24 | $3.1B | $-101.0M | ||
| Q2 24 | $2.3B | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | -0.1% | ||
| Q3 25 | 18.8% | -6.4% | ||
| Q2 25 | 11.3% | 10.6% | ||
| Q1 25 | 11.4% | 32.1% | ||
| Q4 24 | 10.0% | -10.2% | ||
| Q3 24 | 18.9% | -6.6% | ||
| Q2 24 | 14.7% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 5.1% | ||
| Q3 25 | 0.3% | 3.6% | ||
| Q2 25 | 0.0% | 2.6% | ||
| Q1 25 | 0.6% | 2.2% | ||
| Q4 24 | 0.3% | 4.0% | ||
| Q3 24 | 0.4% | 3.6% | ||
| Q2 24 | 0.4% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.78× | 1.04× | ||
| Q3 25 | 0.88× | -0.67× | ||
| Q2 25 | 0.89× | 1.79× | ||
| Q1 25 | 3.30× | 2.11× | ||
| Q4 24 | 0.88× | -0.93× | ||
| Q3 24 | 2.69× | -0.30× | ||
| Q2 24 | 7.13× | 0.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
