vs

Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and GLOBALFOUNDRIES Inc. (GFS). Click either name above to swap in a different company.

GLOBALFOUNDRIES Inc. is the larger business by last-quarter revenue ($1.7B vs $1.6B, roughly 1.1× Bath & Body Works, Inc.). GLOBALFOUNDRIES Inc. runs the higher net margin — 14.8% vs 4.8%, a 9.9% gap on every dollar of revenue. On growth, Bath & Body Works, Inc. posted the faster year-over-year revenue change (-1.0% vs -2.9%). Over the past eight quarters, GLOBALFOUNDRIES Inc.'s revenue compounded faster (-4.3% 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.

GlobalFoundries Inc. is a multinational semiconductor contract manufacturing and design company domiciled in the Cayman Islands and headquartered in Malta, New York. Created by the divestiture of the manufacturing arm of AMD in March 2009, the company was privately owned by Mubadala Investment Company, a sovereign wealth fund of the United Arab Emirates, until an initial public offering (IPO) in October 2021. Mubadala remains the majority owner of the company with an 82% stake.

BBWI vs GFS — Head-to-Head

Bigger by revenue
GFS
GFS
1.1× larger
GFS
$1.7B
$1.6B
BBWI
Growing faster (revenue YoY)
BBWI
BBWI
+1.9% gap
BBWI
-1.0%
-2.9%
GFS
Higher net margin
GFS
GFS
9.9% more per $
GFS
14.8%
4.8%
BBWI
Faster 2-yr revenue CAGR
GFS
GFS
Annualised
GFS
-4.3%
-26.0%
BBWI

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
BBWI
BBWI
GFS
GFS
Revenue
$1.6B
$1.7B
Net Profit
$77.0M
$249.0M
Gross Margin
41.3%
24.8%
Operating Margin
10.1%
11.6%
Net Margin
4.8%
14.8%
Revenue YoY
-1.0%
-2.9%
Net Profit YoY
-27.4%
39.9%
EPS (diluted)
$0.37
$0.44

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.

Revenue
BBWI
BBWI
GFS
GFS
Q4 25
$1.6B
Q3 25
$1.5B
$1.7B
Q2 25
$1.4B
$1.7B
Q1 25
$2.8B
$1.6B
Q4 24
$1.6B
Q3 24
$1.5B
$1.7B
Q2 24
$1.4B
$1.6B
Q1 24
$2.9B
$1.5B
Net Profit
BBWI
BBWI
GFS
GFS
Q4 25
$77.0M
Q3 25
$64.0M
$249.0M
Q2 25
$105.0M
$228.0M
Q1 25
$453.0M
$211.0M
Q4 24
$106.0M
Q3 24
$152.0M
$178.0M
Q2 24
$87.0M
$155.0M
Q1 24
$579.0M
$134.0M
Gross Margin
BBWI
BBWI
GFS
GFS
Q4 25
41.3%
Q3 25
41.3%
24.8%
Q2 25
45.4%
24.2%
Q1 25
46.7%
22.4%
Q4 24
43.5%
Q3 24
41.0%
23.8%
Q2 24
43.8%
24.2%
Q1 24
45.9%
25.4%
Operating Margin
BBWI
BBWI
GFS
GFS
Q4 25
10.1%
Q3 25
10.1%
11.6%
Q2 25
14.7%
11.6%
Q1 25
24.3%
9.5%
Q4 24
13.5%
Q3 24
12.0%
10.6%
Q2 24
13.5%
9.5%
Q1 24
23.9%
9.5%
Net Margin
BBWI
BBWI
GFS
GFS
Q4 25
4.8%
Q3 25
4.1%
14.8%
Q2 25
7.4%
13.5%
Q1 25
16.3%
13.3%
Q4 24
6.6%
Q3 24
10.0%
10.2%
Q2 24
6.3%
9.5%
Q1 24
19.9%
8.7%
EPS (diluted)
BBWI
BBWI
GFS
GFS
Q4 25
$0.37
Q3 25
$0.30
$0.44
Q2 25
$0.49
$0.41
Q1 25
$2.06
$0.38
Q4 24
$0.49
Q3 24
$0.68
$0.32
Q2 24
$0.38
$0.28
Q1 24
$2.54
$0.24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BBWI
BBWI
GFS
GFS
Cash + ST InvestmentsLiquidity on hand
$236.0M
$2.0B
Total DebtLower is stronger
$3.9B
Stockholders' EquityBook value
$-1.6B
$11.8B
Total Assets
$5.0B
$16.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBWI
BBWI
GFS
GFS
Q4 25
$236.0M
Q3 25
$364.0M
$2.0B
Q2 25
$636.0M
$1.8B
Q1 25
$674.0M
$1.6B
Q4 24
$191.0M
Q3 24
$514.0M
$2.3B
Q2 24
$855.0M
$2.2B
Q1 24
$1.1B
$2.2B
Total Debt
BBWI
BBWI
GFS
GFS
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 24
$4.4B
Stockholders' Equity
BBWI
BBWI
GFS
GFS
Q4 25
$-1.6B
Q3 25
$-1.5B
$11.8B
Q2 25
$-1.5B
$11.5B
Q1 25
$-1.4B
$11.1B
Q4 24
$-1.7B
Q3 24
$-1.7B
$11.6B
Q2 24
$-1.7B
$11.3B
Q1 24
$-1.6B
$11.3B
Total Assets
BBWI
BBWI
GFS
GFS
Q4 25
$5.0B
Q3 25
$4.8B
$16.7B
Q2 25
$4.9B
$16.8B
Q1 25
$4.9B
$16.5B
Q4 24
$5.0B
Q3 24
$4.9B
$18.1B
Q2 24
$5.2B
Q1 24
$5.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BBWI
BBWI
GFS
GFS
Operating Cash FlowLast quarter
$80.0M
$595.0M
Free Cash FlowOCF − Capex
$-1.0M
FCF MarginFCF / Revenue
-0.1%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
1.04×
2.39×
TTM Free Cash FlowTrailing 4 quarters
$946.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBWI
BBWI
GFS
GFS
Q4 25
$80.0M
Q3 25
$-43.0M
$595.0M
Q2 25
$188.0M
$431.0M
Q1 25
$955.0M
$331.0M
Q4 24
$-99.0M
Q3 24
$-46.0M
$375.0M
Q2 24
$76.0M
$402.0M
Q1 24
$926.0M
$488.0M
Free Cash Flow
BBWI
BBWI
GFS
GFS
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 24
$878.0M
FCF Margin
BBWI
BBWI
GFS
GFS
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 24
30.2%
Capex Intensity
BBWI
BBWI
GFS
GFS
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 24
1.6%
Cash Conversion
BBWI
BBWI
GFS
GFS
Q4 25
1.04×
Q3 25
-0.67×
2.39×
Q2 25
1.79×
1.89×
Q1 25
2.11×
1.57×
Q4 24
-0.93×
Q3 24
-0.30×
2.11×
Q2 24
0.87×
2.59×
Q1 24
1.60×
3.64×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BBWI
BBWI

Bath Body Works Stores$1.2B77%
Bath Body Works Direct$299.0M19%
Bath Body Works International$73.0M5%

GFS
GFS

Smart Mobile Devices$752.0M45%
Automotive$306.0M18%
Home And Industrial Io T$258.0M15%
Goods Or Services Transferred Over Time$198.0M12%
Communications Infrastructure Datacenter$175.0M10%

Related Comparisons