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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and MERCURY GENERAL CORP (MCY). 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 $1.5B, roughly 1.0× MERCURY GENERAL CORP). MERCURY GENERAL CORP runs the higher net margin — 12.4% vs 4.8%, a 7.5% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (10.5% vs -1.0%). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (8.6% 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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
BBWI vs MCY — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.5B |
| Net Profit | $77.0M | $190.4M |
| Gross Margin | 41.3% | — |
| Operating Margin | 10.1% | — |
| Net Margin | 4.8% | 12.4% |
| Revenue YoY | -1.0% | 10.5% |
| Net Profit YoY | -27.4% | -36.3% |
| EPS (diluted) | $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 | — | $1.5B | ||
| Q4 25 | $1.6B | $1.5B | ||
| 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 | $1.5B | ||
| Q2 24 | $1.4B | $1.3B |
| Q1 26 | — | $190.4M | ||
| Q4 25 | $77.0M | $202.5M | ||
| Q3 25 | $64.0M | $280.4M | ||
| Q2 25 | $105.0M | $166.5M | ||
| Q1 25 | $453.0M | $-108.3M | ||
| Q4 24 | $106.0M | $101.1M | ||
| Q3 24 | $152.0M | $230.9M | ||
| Q2 24 | $87.0M | $62.6M |
| Q1 26 | — | — | ||
| Q4 25 | 41.3% | 99.7% | ||
| Q3 25 | 41.3% | 99.8% | ||
| Q2 25 | 45.4% | 99.8% | ||
| Q1 25 | 46.7% | 99.7% | ||
| Q4 24 | 43.5% | 99.7% | ||
| Q3 24 | 41.0% | 99.8% | ||
| Q2 24 | 43.8% | 99.8% |
| Q1 26 | — | — | ||
| Q4 25 | 10.1% | 16.2% | ||
| Q3 25 | 10.1% | 22.1% | ||
| Q2 25 | 14.7% | 14.0% | ||
| Q1 25 | 24.3% | -10.2% | ||
| Q4 24 | 13.5% | 9.0% | ||
| Q3 24 | 12.0% | 18.8% | ||
| Q2 24 | 13.5% | 5.8% |
| Q1 26 | — | 12.4% | ||
| Q4 25 | 4.8% | 13.2% | ||
| Q3 25 | 4.1% | 17.7% | ||
| Q2 25 | 7.4% | 11.3% | ||
| Q1 25 | 16.3% | -7.8% | ||
| Q4 24 | 6.6% | 7.4% | ||
| Q3 24 | 10.0% | 15.1% | ||
| Q2 24 | 6.3% | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | $0.37 | $3.66 | ||
| Q3 25 | $0.30 | $5.06 | ||
| Q2 25 | $0.49 | $3.01 | ||
| Q1 25 | $2.06 | $-1.96 | ||
| Q4 24 | $0.49 | $1.82 | ||
| Q3 24 | $0.68 | $4.17 | ||
| Q2 24 | $0.38 | $1.13 |
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 | $-1.6B | $2.6B |
| Total Assets | $5.0B | $9.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $236.0M | — | ||
| Q3 25 | $364.0M | — | ||
| Q2 25 | $636.0M | — | ||
| Q1 25 | $674.0M | — | ||
| Q4 24 | $191.0M | — | ||
| Q3 24 | $514.0M | — | ||
| Q2 24 | $855.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | $575.0M | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | $575.0M | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $-1.6B | $2.4B | ||
| Q3 25 | $-1.5B | $2.2B | ||
| Q2 25 | $-1.5B | $2.0B | ||
| Q1 25 | $-1.4B | $1.8B | ||
| Q4 24 | $-1.7B | $1.9B | ||
| Q3 24 | $-1.7B | $1.9B | ||
| Q2 24 | $-1.7B | $1.6B |
| Q1 26 | — | $9.9B | ||
| Q4 25 | $5.0B | $9.6B | ||
| Q3 25 | $4.8B | $9.4B | ||
| Q2 25 | $4.9B | $9.1B | ||
| Q1 25 | $4.9B | $9.0B | ||
| Q4 24 | $5.0B | $8.3B | ||
| Q3 24 | $4.9B | $8.2B | ||
| Q2 24 | $5.2B | $7.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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 | $287.9M | ||
| Q3 25 | $-43.0M | $496.4M | ||
| Q2 25 | $188.0M | $371.6M | ||
| Q1 25 | $955.0M | $-68.7M | ||
| Q4 24 | $-99.0M | $248.3M | ||
| Q3 24 | $-46.0M | $318.1M | ||
| Q2 24 | $76.0M | $278.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.0M | $273.9M | ||
| Q3 25 | $-99.0M | $479.5M | ||
| Q2 25 | $151.0M | $357.2M | ||
| Q1 25 | $895.0M | $-81.9M | ||
| Q4 24 | $-164.0M | $236.0M | ||
| Q3 24 | $-101.0M | $306.2M | ||
| Q2 24 | $30.0M | $266.5M |
| Q1 26 | — | — | ||
| Q4 25 | -0.1% | 17.8% | ||
| Q3 25 | -6.4% | 30.3% | ||
| Q2 25 | 10.6% | 24.2% | ||
| Q1 25 | 32.1% | -5.9% | ||
| Q4 24 | -10.2% | 17.3% | ||
| Q3 24 | -6.6% | 20.0% | ||
| Q2 24 | 2.2% | 20.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 0.9% | ||
| Q3 25 | 3.6% | 1.1% | ||
| Q2 25 | 2.6% | 1.0% | ||
| Q1 25 | 2.2% | 0.9% | ||
| Q4 24 | 4.0% | 0.9% | ||
| Q3 24 | 3.6% | 0.8% | ||
| Q2 24 | 3.3% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | 1.42× | ||
| Q3 25 | -0.67× | 1.77× | ||
| Q2 25 | 1.79× | 2.23× | ||
| Q1 25 | 2.11× | — | ||
| Q4 24 | -0.93× | 2.46× | ||
| Q3 24 | -0.30× | 1.38× | ||
| Q2 24 | 0.87× | 4.44× |
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% |
MCY
Segment breakdown not available.
