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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $1.6B, roughly 2.0× Bath & Body Works, Inc.). Molson Coors Beverage Company runs the higher net margin — 6.7% vs 4.8%, a 1.9% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (6.1% vs -1.0%). Molson Coors Beverage Company produced more free cash flow last quarter ($1.1B vs $-1.0M). Over the past eight quarters, Molson Coors Beverage Company'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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
BBWI vs TAP — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $3.1B |
| Net Profit | $77.0M | $209.3M |
| Gross Margin | 41.3% | 31.0% |
| Operating Margin | 10.1% | — |
| Net Margin | 4.8% | 6.7% |
| Revenue YoY | -1.0% | 6.1% |
| Net Profit YoY | -27.4% | -28.7% |
| EPS (diluted) | $0.37 | $1.22 |
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 | — | $3.1B | ||
| Q4 25 | $1.6B | $3.1B | ||
| Q3 25 | $1.5B | $3.5B | ||
| Q2 25 | $1.4B | $3.7B | ||
| Q1 25 | $2.8B | $2.7B | ||
| Q4 24 | $1.6B | $3.2B | ||
| Q3 24 | $1.5B | $3.6B | ||
| Q2 24 | $1.4B | $3.8B |
| Q1 26 | — | $209.3M | ||
| Q4 25 | $77.0M | $238.3M | ||
| Q3 25 | $64.0M | $-2.9B | ||
| Q2 25 | $105.0M | $428.7M | ||
| Q1 25 | $453.0M | $121.0M | ||
| Q4 24 | $106.0M | $287.8M | ||
| Q3 24 | $152.0M | $199.8M | ||
| Q2 24 | $87.0M | $427.0M |
| Q1 26 | — | 31.0% | ||
| Q4 25 | 41.3% | 31.0% | ||
| Q3 25 | 41.3% | 33.7% | ||
| Q2 25 | 45.4% | 34.3% | ||
| Q1 25 | 46.7% | 31.6% | ||
| Q4 24 | 43.5% | 32.0% | ||
| Q3 24 | 41.0% | 33.4% | ||
| Q2 24 | 43.8% | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 10.1% | 10.4% | ||
| Q3 25 | 10.1% | -98.5% | ||
| Q2 25 | 14.7% | 15.6% | ||
| Q1 25 | 24.3% | 6.9% | ||
| Q4 24 | 13.5% | 12.0% | ||
| Q3 24 | 12.0% | 12.5% | ||
| Q2 24 | 13.5% | 15.6% |
| Q1 26 | — | 6.7% | ||
| Q4 25 | 4.8% | 7.6% | ||
| Q3 25 | 4.1% | -84.0% | ||
| Q2 25 | 7.4% | 11.5% | ||
| Q1 25 | 16.3% | 4.5% | ||
| Q4 24 | 6.6% | 8.9% | ||
| Q3 24 | 10.0% | 5.5% | ||
| Q2 24 | 6.3% | 11.1% |
| Q1 26 | — | $1.22 | ||
| Q4 25 | $0.37 | $1.32 | ||
| Q3 25 | $0.30 | $-14.79 | ||
| Q2 25 | $0.49 | $2.13 | ||
| Q1 25 | $2.06 | $0.59 | ||
| Q4 24 | $0.49 | $1.39 | ||
| Q3 24 | $0.68 | $0.96 | ||
| Q2 24 | $0.38 | $2.03 |
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 | $896.5M |
| Total DebtLower is stronger | $3.9B | $3.9B |
| Stockholders' EquityBook value | $-1.6B | $10.4B |
| Total Assets | $5.0B | $22.7B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $896.5M | ||
| Q4 25 | $236.0M | $896.5M | ||
| Q3 25 | $364.0M | $950.2M | ||
| Q2 25 | $636.0M | $613.8M | ||
| Q1 25 | $674.0M | $412.7M | ||
| Q4 24 | $191.0M | $969.3M | ||
| Q3 24 | $514.0M | $1.0B | ||
| Q2 24 | $855.0M | $1.6B |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $3.9B | $6.3B | ||
| Q3 25 | $3.9B | $6.3B | ||
| Q2 25 | $3.9B | $6.3B | ||
| Q1 25 | $3.9B | $6.2B | ||
| Q4 24 | $4.2B | $6.1B | ||
| Q3 24 | $4.2B | $6.2B | ||
| Q2 24 | $4.3B | $7.0B |
| Q1 26 | — | $10.4B | ||
| Q4 25 | $-1.6B | $10.2B | ||
| Q3 25 | $-1.5B | $10.3B | ||
| Q2 25 | $-1.5B | $13.4B | ||
| Q1 25 | $-1.4B | $13.1B | ||
| Q4 24 | $-1.7B | $13.1B | ||
| Q3 24 | $-1.7B | $13.3B | ||
| Q2 24 | $-1.7B | $13.2B |
| Q1 26 | — | $22.7B | ||
| Q4 25 | $5.0B | $22.7B | ||
| Q3 25 | $4.8B | $22.9B | ||
| Q2 25 | $4.9B | $26.8B | ||
| Q1 25 | $4.9B | $25.9B | ||
| Q4 24 | $5.0B | $26.1B | ||
| Q3 24 | $4.9B | $26.6B | ||
| Q2 24 | $5.2B | $27.4B |
| Q1 26 | — | 0.37× | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× |
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 | $1.1B |
| FCF MarginFCF / Revenue | -0.1% | 36.5% |
| Capex IntensityCapex / Revenue | 5.1% | — |
| Cash ConversionOCF / Net Profit | 1.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $80.0M | $540.7M | ||
| Q3 25 | $-43.0M | $616.1M | ||
| Q2 25 | $188.0M | $718.3M | ||
| Q1 25 | $955.0M | $-90.7M | ||
| Q4 24 | $-99.0M | $494.5M | ||
| Q3 24 | $-46.0M | $521.2M | ||
| Q2 24 | $76.0M | $869.2M |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $-1.0M | $357.8M | ||
| Q3 25 | $-99.0M | $483.0M | ||
| Q2 25 | $151.0M | $555.0M | ||
| Q1 25 | $895.0M | $-328.0M | ||
| Q4 24 | $-164.0M | $383.4M | ||
| Q3 24 | $-101.0M | $350.4M | ||
| Q2 24 | $30.0M | $691.7M |
| Q1 26 | — | 36.5% | ||
| Q4 25 | -0.1% | 11.4% | ||
| Q3 25 | -6.4% | 13.9% | ||
| Q2 25 | 10.6% | 14.8% | ||
| Q1 25 | 32.1% | -12.2% | ||
| Q4 24 | -10.2% | 11.8% | ||
| Q3 24 | -6.6% | 9.7% | ||
| Q2 24 | 2.2% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 5.9% | ||
| Q3 25 | 3.6% | 3.8% | ||
| Q2 25 | 2.6% | 4.4% | ||
| Q1 25 | 2.2% | 8.8% | ||
| Q4 24 | 4.0% | 3.4% | ||
| Q3 24 | 3.6% | 4.7% | ||
| Q2 24 | 3.3% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | 2.27× | ||
| Q3 25 | -0.67× | — | ||
| Q2 25 | 1.79× | 1.68× | ||
| Q1 25 | 2.11× | -0.75× | ||
| Q4 24 | -0.93× | 1.72× | ||
| Q3 24 | -0.30× | 2.61× | ||
| Q2 24 | 0.87× | 2.04× |
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% |
TAP
Segment breakdown not available.
