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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and DONALDSON Co INC (DCI). 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 $935.4M, roughly 1.7× DONALDSON Co INC). DONALDSON Co INC runs the higher net margin — 12.2% vs 4.8%, a 7.3% gap on every dollar of revenue. On growth, DONALDSON Co INC posted the faster year-over-year revenue change (3.9% vs -1.0%). DONALDSON Co INC produced more free cash flow last quarter ($111.2M vs $-1.0M). Over the past eight quarters, DONALDSON Co INC's revenue compounded faster (3.3% 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.
Donaldson Company, Inc. is a filtration company engaged in the production and marketing of filtration products used in a variety of industry sectors, including commercial/industrial, aerospace, chemical, alternative energy (windmills), food & beverage, and pharmaceuticals. Also the company's research division, located in Minneapolis, Minn., participated in defense-related projects for various military applications.
BBWI vs DCI — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $935.4M |
| Net Profit | $77.0M | $113.9M |
| Gross Margin | 41.3% | 35.2% |
| Operating Margin | 10.1% | 16.0% |
| Net Margin | 4.8% | 12.2% |
| Revenue YoY | -1.0% | 3.9% |
| Net Profit YoY | -27.4% | 15.1% |
| EPS (diluted) | $0.37 | $0.97 |
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 | $935.4M | ||
| Q3 25 | $1.5B | $980.7M | ||
| Q2 25 | $1.4B | $940.1M | ||
| Q1 25 | $2.8B | $870.0M | ||
| Q4 24 | $1.6B | $900.1M | ||
| Q3 24 | $1.5B | $935.4M | ||
| Q2 24 | $1.4B | $927.9M | ||
| Q1 24 | $2.9B | $876.7M |
| Q4 25 | $77.0M | $113.9M | ||
| Q3 25 | $64.0M | $114.3M | ||
| Q2 25 | $105.0M | $57.8M | ||
| Q1 25 | $453.0M | $95.9M | ||
| Q4 24 | $106.0M | $99.0M | ||
| Q3 24 | $152.0M | $109.7M | ||
| Q2 24 | $87.0M | $113.5M | ||
| Q1 24 | $579.0M | $98.7M |
| Q4 25 | 41.3% | 35.2% | ||
| Q3 25 | 41.3% | 34.5% | ||
| Q2 25 | 45.4% | 34.2% | ||
| Q1 25 | 46.7% | 35.2% | ||
| Q4 24 | 43.5% | 35.5% | ||
| Q3 24 | 41.0% | 35.8% | ||
| Q2 24 | 43.8% | 35.6% | ||
| Q1 24 | 45.9% | 35.2% |
| Q4 25 | 10.1% | 16.0% | ||
| Q3 25 | 10.1% | 15.5% | ||
| Q2 25 | 14.7% | 9.3% | ||
| Q1 25 | 24.3% | 14.4% | ||
| Q4 24 | 13.5% | 14.5% | ||
| Q3 24 | 12.0% | 15.6% | ||
| Q2 24 | 13.5% | 15.5% | ||
| Q1 24 | 23.9% | 14.8% |
| Q4 25 | 4.8% | 12.2% | ||
| Q3 25 | 4.1% | 11.7% | ||
| Q2 25 | 7.4% | 6.1% | ||
| Q1 25 | 16.3% | 11.0% | ||
| Q4 24 | 6.6% | 11.0% | ||
| Q3 24 | 10.0% | 11.7% | ||
| Q2 24 | 6.3% | 12.2% | ||
| Q1 24 | 19.9% | 11.3% |
| Q4 25 | $0.37 | $0.97 | ||
| Q3 25 | $0.30 | $0.97 | ||
| Q2 25 | $0.49 | $0.48 | ||
| Q1 25 | $2.06 | $0.79 | ||
| Q4 24 | $0.49 | $0.81 | ||
| Q3 24 | $0.68 | $0.90 | ||
| Q2 24 | $0.38 | $0.92 | ||
| Q1 24 | $2.54 | $0.81 |
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 | $210.7M |
| Total DebtLower is stronger | $3.9B | $671.5M |
| Stockholders' EquityBook value | $-1.6B | $1.5B |
| Total Assets | $5.0B | $3.0B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.0M | $210.7M | ||
| Q3 25 | $364.0M | $180.4M | ||
| Q2 25 | $636.0M | $178.5M | ||
| Q1 25 | $674.0M | $189.1M | ||
| Q4 24 | $191.0M | $221.2M | ||
| Q3 24 | $514.0M | $232.7M | ||
| Q2 24 | $855.0M | $223.7M | ||
| Q1 24 | $1.1B | $193.8M |
| Q4 25 | $3.9B | $671.5M | ||
| Q3 25 | $3.9B | $630.4M | ||
| Q2 25 | $3.9B | $638.8M | ||
| Q1 25 | $3.9B | $514.7M | ||
| Q4 24 | $4.2B | $538.6M | ||
| Q3 24 | $4.2B | $483.4M | ||
| Q2 24 | $4.3B | $481.8M | ||
| Q1 24 | $4.4B | $352.0M |
| Q4 25 | $-1.6B | $1.5B | ||
| Q3 25 | $-1.5B | $1.5B | ||
| Q2 25 | $-1.5B | $1.5B | ||
| Q1 25 | $-1.4B | $1.5B | ||
| Q4 24 | $-1.7B | $1.5B | ||
| Q3 24 | $-1.7B | $1.5B | ||
| Q2 24 | $-1.7B | $1.5B | ||
| Q1 24 | $-1.6B | $1.4B |
| Q4 25 | $5.0B | $3.0B | ||
| Q3 25 | $4.8B | $3.0B | ||
| Q2 25 | $4.9B | $3.0B | ||
| Q1 25 | $4.9B | $3.0B | ||
| Q4 24 | $5.0B | $3.0B | ||
| Q3 24 | $4.9B | $2.9B | ||
| Q2 24 | $5.2B | $2.9B | ||
| Q1 24 | $5.5B | $2.8B |
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.26× |
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 | $125.4M |
| Free Cash FlowOCF − Capex | $-1.0M | $111.2M |
| FCF MarginFCF / Revenue | -0.1% | 11.9% |
| Capex IntensityCapex / Revenue | 5.1% | 1.5% |
| Cash ConversionOCF / Net Profit | 1.04× | 1.10× |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | $403.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $125.4M | ||
| Q3 25 | $-43.0M | $167.8M | ||
| Q2 25 | $188.0M | $87.7M | ||
| Q1 25 | $955.0M | $90.4M | ||
| Q4 24 | $-99.0M | $72.9M | ||
| Q3 24 | $-46.0M | $126.0M | ||
| Q2 24 | $76.0M | $141.5M | ||
| Q1 24 | $926.0M | $87.0M |
| Q4 25 | $-1.0M | $111.2M | ||
| Q3 25 | $-99.0M | $147.5M | ||
| Q2 25 | $151.0M | $73.0M | ||
| Q1 25 | $895.0M | $71.5M | ||
| Q4 24 | $-164.0M | $47.9M | ||
| Q3 24 | $-101.0M | $106.2M | ||
| Q2 24 | $30.0M | $120.2M | ||
| Q1 24 | $878.0M | $65.7M |
| Q4 25 | -0.1% | 11.9% | ||
| Q3 25 | -6.4% | 15.0% | ||
| Q2 25 | 10.6% | 7.8% | ||
| Q1 25 | 32.1% | 8.2% | ||
| Q4 24 | -10.2% | 5.3% | ||
| Q3 24 | -6.6% | 11.4% | ||
| Q2 24 | 2.2% | 13.0% | ||
| Q1 24 | 30.2% | 7.5% |
| Q4 25 | 5.1% | 1.5% | ||
| Q3 25 | 3.6% | 2.1% | ||
| Q2 25 | 2.6% | 1.6% | ||
| Q1 25 | 2.2% | 2.2% | ||
| Q4 24 | 4.0% | 2.8% | ||
| Q3 24 | 3.6% | 2.1% | ||
| Q2 24 | 3.3% | 2.3% | ||
| Q1 24 | 1.6% | 2.4% |
| Q4 25 | 1.04× | 1.10× | ||
| Q3 25 | -0.67× | 1.47× | ||
| Q2 25 | 1.79× | 1.52× | ||
| Q1 25 | 2.11× | 0.94× | ||
| Q4 24 | -0.93× | 0.74× | ||
| Q3 24 | -0.30× | 1.15× | ||
| Q2 24 | 0.87× | 1.25× | ||
| Q1 24 | 1.60× | 0.88× |
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% |
DCI
| Aftermarket Products | $447.1M | 48% |
| Industrial Filtration Solutions Products | $222.6M | 24% |
| Off Road Products | $86.5M | 9% |
| Life Sciences Segment | $80.0M | 9% |
| Other | $39.1M | 4% |
| Aerospace And Defense Products | $37.1M | 4% |
| On Road Products | $23.0M | 2% |
