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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and BRUNSWICK CORP (BC). 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 $1.3B, roughly 1.2× BRUNSWICK CORP). Bath & Body Works, Inc. runs the higher net margin — 4.8% vs 1.4%, a 3.4% gap on every dollar of revenue. On growth, BRUNSWICK CORP posted the faster year-over-year revenue change (15.5% vs -1.0%). BRUNSWICK CORP produced more free cash flow last quarter ($83.6M vs $-1.0M). Over the past eight quarters, BRUNSWICK CORP's revenue compounded faster (-1.1% CAGR vs -26.0%).
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.
Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Brunswick has more than 13,000 employees in 24 countries. Brunswick owns a number of brands, including Mercury Marine. In 2024, Brunswick reported sales of US$5.2 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois.
BBWI vs BC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.3B |
| Net Profit | $77.0M | $18.7M |
| Gross Margin | 41.3% | 23.1% |
| Operating Margin | 10.1% | 3.1% |
| Net Margin | 4.8% | 1.4% |
| Revenue YoY | -1.0% | 15.5% |
| Net Profit YoY | -27.4% | 122.7% |
| EPS (diluted) | $0.37 | $0.32 |
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.
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $2.8B | $1.2B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $2.9B | $1.4B |
| Q4 25 | $77.0M | $18.7M | ||
| Q3 25 | $64.0M | $-235.5M | ||
| Q2 25 | $105.0M | $59.3M | ||
| Q1 25 | $453.0M | $20.2M | ||
| Q4 24 | $106.0M | $-82.5M | ||
| Q3 24 | $152.0M | $44.6M | ||
| Q2 24 | $87.0M | $100.0M | ||
| Q1 24 | $579.0M | $68.0M |
| Q4 25 | 41.3% | 23.1% | ||
| Q3 25 | 41.3% | 25.8% | ||
| Q2 25 | 45.4% | 25.5% | ||
| Q1 25 | 46.7% | 24.9% | ||
| Q4 24 | 43.5% | 21.9% | ||
| Q3 24 | 41.0% | 26.2% | ||
| Q2 24 | 43.8% | 27.1% | ||
| Q1 24 | 45.9% | 27.4% |
| Q4 25 | 10.1% | 3.1% | ||
| Q3 25 | 10.1% | -17.8% | ||
| Q2 25 | 14.7% | 7.1% | ||
| Q1 25 | 24.3% | 4.6% | ||
| Q4 24 | 13.5% | -4.8% | ||
| Q3 24 | 12.0% | 7.7% | ||
| Q2 24 | 13.5% | 11.0% | ||
| Q1 24 | 23.9% | 8.1% |
| Q4 25 | 4.8% | 1.4% | ||
| Q3 25 | 4.1% | -17.3% | ||
| Q2 25 | 7.4% | 4.1% | ||
| Q1 25 | 16.3% | 1.7% | ||
| Q4 24 | 6.6% | -7.1% | ||
| Q3 24 | 10.0% | 3.5% | ||
| Q2 24 | 6.3% | 6.9% | ||
| Q1 24 | 19.9% | 5.0% |
| Q4 25 | $0.37 | $0.32 | ||
| Q3 25 | $0.30 | $-3.59 | ||
| Q2 25 | $0.49 | $0.89 | ||
| Q1 25 | $2.06 | $0.30 | ||
| Q4 24 | $0.49 | $-1.21 | ||
| Q3 24 | $0.68 | $0.67 | ||
| Q2 24 | $0.38 | $1.48 | ||
| Q1 24 | $2.54 | $0.99 |
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 | $256.8M |
| Total DebtLower is stronger | $3.9B | $2.1B |
| Stockholders' EquityBook value | $-1.6B | $1.6B |
| Total Assets | $5.0B | $5.3B |
| Debt / EquityLower = less leverage | — | 1.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.0M | $256.8M | ||
| Q3 25 | $364.0M | $297.7M | ||
| Q2 25 | $636.0M | $315.7M | ||
| Q1 25 | $674.0M | $286.7M | ||
| Q4 24 | $191.0M | $269.0M | ||
| Q3 24 | $514.0M | $284.1M | ||
| Q2 24 | $855.0M | $494.5M | ||
| Q1 24 | $1.1B | $548.4M |
| Q4 25 | $3.9B | $2.1B | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | $2.4B | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
| Q4 25 | $-1.6B | $1.6B | ||
| Q3 25 | $-1.5B | $1.6B | ||
| Q2 25 | $-1.5B | $1.9B | ||
| Q1 25 | $-1.4B | $1.9B | ||
| Q4 24 | $-1.7B | $1.9B | ||
| Q3 24 | $-1.7B | $2.0B | ||
| Q2 24 | $-1.7B | $2.0B | ||
| Q1 24 | $-1.6B | $2.0B |
| Q4 25 | $5.0B | $5.3B | ||
| Q3 25 | $4.8B | $5.4B | ||
| Q2 25 | $4.9B | $5.8B | ||
| Q1 25 | $4.9B | $5.9B | ||
| Q4 24 | $5.0B | $5.7B | ||
| Q3 24 | $4.9B | $6.0B | ||
| Q2 24 | $5.2B | $6.4B | ||
| Q1 24 | $5.5B | $6.5B |
| Q4 25 | — | 1.30× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $132.9M |
| Free Cash FlowOCF − Capex | $-1.0M | $83.6M |
| FCF MarginFCF / Revenue | -0.1% | 6.3% |
| Capex IntensityCapex / Revenue | 5.1% | 3.7% |
| Cash ConversionOCF / Net Profit | 1.04× | 7.11× |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | $396.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $132.9M | ||
| Q3 25 | $-43.0M | $140.4M | ||
| Q2 25 | $188.0M | $316.2M | ||
| Q1 25 | $955.0M | $-27.4M | ||
| Q4 24 | $-99.0M | $306.4M | ||
| Q3 24 | $-46.0M | $67.4M | ||
| Q2 24 | $76.0M | $211.0M | ||
| Q1 24 | $926.0M | $-153.4M |
| Q4 25 | $-1.0M | $83.6M | ||
| Q3 25 | $-99.0M | $106.5M | ||
| Q2 25 | $151.0M | $271.3M | ||
| Q1 25 | $895.0M | $-65.1M | ||
| Q4 24 | $-164.0M | $276.1M | ||
| Q3 24 | $-101.0M | $31.4M | ||
| Q2 24 | $30.0M | $163.9M | ||
| Q1 24 | $878.0M | $-207.4M |
| Q4 25 | -0.1% | 6.3% | ||
| Q3 25 | -6.4% | 7.8% | ||
| Q2 25 | 10.6% | 18.7% | ||
| Q1 25 | 32.1% | -5.3% | ||
| Q4 24 | -10.2% | 23.9% | ||
| Q3 24 | -6.6% | 2.5% | ||
| Q2 24 | 2.2% | 11.4% | ||
| Q1 24 | 30.2% | -15.2% |
| Q4 25 | 5.1% | 3.7% | ||
| Q3 25 | 3.6% | 2.5% | ||
| Q2 25 | 2.6% | 3.1% | ||
| Q1 25 | 2.2% | 3.1% | ||
| Q4 24 | 4.0% | 2.6% | ||
| Q3 24 | 3.6% | 2.8% | ||
| Q2 24 | 3.3% | 3.3% | ||
| Q1 24 | 1.6% | 4.0% |
| Q4 25 | 1.04× | 7.11× | ||
| Q3 25 | -0.67× | — | ||
| Q2 25 | 1.79× | 5.33× | ||
| Q1 25 | 2.11× | -1.36× | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -0.30× | 1.51× | ||
| Q2 24 | 0.87× | 2.11× | ||
| Q1 24 | 1.60× | -2.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
