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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and Digital Realty (DLR). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.6B, roughly 1.0× Bath & Body Works, Inc.). Digital Realty runs the higher net margin — 6.0% vs 4.8%, a 1.2% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs -1.0%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% 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.
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
BBWI vs DLR — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.6B |
| Net Profit | $77.0M | $98.6M |
| Gross Margin | 41.3% | — |
| Operating Margin | 10.1% | 6.9% |
| Net Margin | 4.8% | 6.0% |
| Revenue YoY | -1.0% | 16.1% |
| Net Profit YoY | -27.4% | -10.3% |
| EPS (diluted) | $0.37 | $0.22 |
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 | — | $1.6B | ||
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $1.4B | $1.4B |
| Q1 26 | — | $98.6M | ||
| Q4 25 | $77.0M | $98.6M | ||
| Q3 25 | $64.0M | $67.8M | ||
| Q2 25 | $105.0M | $1.0B | ||
| Q1 25 | $453.0M | $110.0M | ||
| Q4 24 | $106.0M | $189.6M | ||
| Q3 24 | $152.0M | $51.2M | ||
| Q2 24 | $87.0M | $80.2M |
| 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 | — | 6.9% | ||
| Q4 25 | 10.1% | 6.9% | ||
| Q3 25 | 10.1% | 8.8% | ||
| Q2 25 | 14.7% | 14.2% | ||
| Q1 25 | 24.3% | 13.9% | ||
| Q4 24 | 13.5% | 10.1% | ||
| Q3 24 | 12.0% | 11.8% | ||
| Q2 24 | 13.5% | 0.7% |
| Q1 26 | — | 6.0% | ||
| Q4 25 | 4.8% | 6.0% | ||
| Q3 25 | 4.1% | 4.3% | ||
| Q2 25 | 7.4% | 69.1% | ||
| Q1 25 | 16.3% | 7.8% | ||
| Q4 24 | 6.6% | 13.2% | ||
| Q3 24 | 10.0% | 3.6% | ||
| Q2 24 | 6.3% | 5.9% |
| Q1 26 | — | $0.22 | ||
| Q4 25 | $0.37 | $0.22 | ||
| Q3 25 | $0.30 | $0.15 | ||
| Q2 25 | $0.49 | $2.94 | ||
| Q1 25 | $2.06 | $0.27 | ||
| Q4 24 | $0.49 | $0.50 | ||
| Q3 24 | $0.68 | $0.09 | ||
| Q2 24 | $0.38 | $0.20 |
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 | $3.5B |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $-1.6B | $22.9B |
| Total Assets | $5.0B | $49.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $236.0M | $3.5B | ||
| Q3 25 | $364.0M | $3.3B | ||
| Q2 25 | $636.0M | $3.6B | ||
| Q1 25 | $674.0M | $2.3B | ||
| Q4 24 | $191.0M | $3.9B | ||
| Q3 24 | $514.0M | $2.2B | ||
| Q2 24 | $855.0M | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — |
| Q1 26 | — | $22.9B | ||
| Q4 25 | $-1.6B | $22.9B | ||
| Q3 25 | $-1.5B | $23.0B | ||
| Q2 25 | $-1.5B | $22.9B | ||
| Q1 25 | $-1.4B | $21.3B | ||
| Q4 24 | $-1.7B | $21.3B | ||
| Q3 24 | $-1.7B | $21.2B | ||
| Q2 24 | $-1.7B | $20.5B |
| Q1 26 | — | $49.4B | ||
| Q4 25 | $5.0B | $49.4B | ||
| Q3 25 | $4.8B | $48.7B | ||
| Q2 25 | $4.9B | $48.7B | ||
| Q1 25 | $4.9B | $45.1B | ||
| Q4 24 | $5.0B | $45.3B | ||
| Q3 24 | $4.9B | $45.3B | ||
| Q2 24 | $5.2B | $43.6B |
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 | $80.0M | $719.0M | ||
| Q3 25 | $-43.0M | $652.9M | ||
| Q2 25 | $188.0M | $641.2M | ||
| Q1 25 | $955.0M | $399.1M | ||
| Q4 24 | $-99.0M | $769.5M | ||
| Q3 24 | $-46.0M | $566.5M | ||
| Q2 24 | $76.0M | $573.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-99.0M | — | ||
| Q2 25 | $151.0M | — | ||
| Q1 25 | $895.0M | — | ||
| Q4 24 | $-164.0M | — | ||
| Q3 24 | $-101.0M | — | ||
| Q2 24 | $30.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.1% | — | ||
| Q3 25 | -6.4% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 32.1% | — | ||
| Q4 24 | -10.2% | — | ||
| Q3 24 | -6.6% | — | ||
| Q2 24 | 2.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 3.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | 7.29× | ||
| Q3 25 | -0.67× | 9.63× | ||
| Q2 25 | 1.79× | 0.62× | ||
| Q1 25 | 2.11× | 3.63× | ||
| Q4 24 | -0.93× | 4.06× | ||
| Q3 24 | -0.30× | 11.07× | ||
| Q2 24 | 0.87× | 7.15× |
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% |
DLR
Segment breakdown not available.
