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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and UPBOUND GROUP, INC. (UPBD). 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 $1.2B, roughly 1.3× UPBOUND GROUP, INC.). Bath & Body Works, Inc. runs the higher net margin — 4.8% vs 1.7%, a 3.2% gap on every dollar of revenue. On growth, UPBOUND GROUP, INC. posted the faster year-over-year revenue change (10.9% vs -1.0%). UPBOUND GROUP, INC. produced more free cash flow last quarter ($24.0M vs $-1.0M). Over the past eight quarters, UPBOUND GROUP, INC.'s revenue compounded faster (4.5% 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.
Upbound Group, Inc. is a leading US provider of flexible lease-to-own solutions for consumer goods. It offers furniture, consumer electronics, home appliances, and accessories, catering to customers seeking accessible payment alternatives to traditional retail financing.
BBWI vs UPBD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.2B |
| Net Profit | $77.0M | $19.7M |
| Gross Margin | 41.3% | 49.0% |
| Operating Margin | 10.1% | 4.8% |
| Net Margin | 4.8% | 1.7% |
| Revenue YoY | -1.0% | 10.9% |
| Net Profit YoY | -27.4% | -36.3% |
| EPS (diluted) | $0.37 | $0.35 |
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 | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $2.8B | $1.2B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $2.9B | $1.1B |
| Q4 25 | $77.0M | $19.7M | ||
| Q3 25 | $64.0M | $13.2M | ||
| Q2 25 | $105.0M | $15.5M | ||
| Q1 25 | $453.0M | $24.8M | ||
| Q4 24 | $106.0M | $31.0M | ||
| Q3 24 | $152.0M | $30.9M | ||
| Q2 24 | $87.0M | $33.9M | ||
| Q1 24 | $579.0M | $27.7M |
| Q4 25 | 41.3% | 49.0% | ||
| Q3 25 | 41.3% | 48.3% | ||
| Q2 25 | 45.4% | 49.4% | ||
| Q1 25 | 46.7% | 46.8% | ||
| Q4 24 | 43.5% | 47.1% | ||
| Q3 24 | 41.0% | 47.8% | ||
| Q2 24 | 43.8% | 49.4% | ||
| Q1 24 | 45.9% | 48.3% |
| Q4 25 | 10.1% | 4.8% | ||
| Q3 25 | 10.1% | 4.5% | ||
| Q2 25 | 14.7% | 4.4% | ||
| Q1 25 | 24.3% | 5.3% | ||
| Q4 24 | 13.5% | 7.3% | ||
| Q3 24 | 12.0% | 6.6% | ||
| Q2 24 | 13.5% | 7.5% | ||
| Q1 24 | 23.9% | 5.6% |
| Q4 25 | 4.8% | 1.7% | ||
| Q3 25 | 4.1% | 1.1% | ||
| Q2 25 | 7.4% | 1.3% | ||
| Q1 25 | 16.3% | 2.1% | ||
| Q4 24 | 6.6% | 2.9% | ||
| Q3 24 | 10.0% | 2.9% | ||
| Q2 24 | 6.3% | 3.2% | ||
| Q1 24 | 19.9% | 2.5% |
| Q4 25 | $0.37 | $0.35 | ||
| Q3 25 | $0.30 | $0.22 | ||
| Q2 25 | $0.49 | $0.26 | ||
| Q1 25 | $2.06 | $0.42 | ||
| Q4 24 | $0.49 | $0.55 | ||
| Q3 24 | $0.68 | $0.55 | ||
| Q2 24 | $0.38 | $0.61 | ||
| Q1 24 | $2.54 | $0.50 |
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 | $120.5M |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $-1.6B | $695.7M |
| Total Assets | $5.0B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.0M | $120.5M | ||
| Q3 25 | $364.0M | $107.0M | ||
| Q2 25 | $636.0M | $106.8M | ||
| Q1 25 | $674.0M | $107.3M | ||
| Q4 24 | $191.0M | $60.9M | ||
| Q3 24 | $514.0M | $85.1M | ||
| Q2 24 | $855.0M | $82.5M | ||
| Q1 24 | $1.1B | $84.8M |
| 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 | — |
| Q4 25 | $-1.6B | $695.7M | ||
| Q3 25 | $-1.5B | $687.3M | ||
| Q2 25 | $-1.5B | $685.5M | ||
| Q1 25 | $-1.4B | $679.2M | ||
| Q4 24 | $-1.7B | $629.0M | ||
| Q3 24 | $-1.7B | $611.8M | ||
| Q2 24 | $-1.7B | $596.3M | ||
| Q1 24 | $-1.6B | $578.3M |
| Q4 25 | $5.0B | $3.3B | ||
| Q3 25 | $4.8B | $3.2B | ||
| Q2 25 | $4.9B | $3.1B | ||
| Q1 25 | $4.9B | $3.0B | ||
| Q4 24 | $5.0B | $2.6B | ||
| Q3 24 | $4.9B | $2.6B | ||
| Q2 24 | $5.2B | $2.6B | ||
| Q1 24 | $5.5B | $2.6B |
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 | $41.6M |
| Free Cash FlowOCF − Capex | $-1.0M | $24.0M |
| FCF MarginFCF / Revenue | -0.1% | 2.0% |
| Capex IntensityCapex / Revenue | 5.1% | 1.5% |
| Cash ConversionOCF / Net Profit | 1.04× | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | $238.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $41.6M | ||
| Q3 25 | $-43.0M | $118.4M | ||
| Q2 25 | $188.0M | $7.8M | ||
| Q1 25 | $955.0M | $137.7M | ||
| Q4 24 | $-99.0M | $-61.9M | ||
| Q3 24 | $-46.0M | $106.2M | ||
| Q2 24 | $76.0M | $15.0M | ||
| Q1 24 | $926.0M | $45.4M |
| Q4 25 | $-1.0M | $24.0M | ||
| Q3 25 | $-99.0M | $97.9M | ||
| Q2 25 | $151.0M | $-10.4M | ||
| Q1 25 | $895.0M | $127.2M | ||
| Q4 24 | $-164.0M | $-74.0M | ||
| Q3 24 | $-101.0M | $88.3M | ||
| Q2 24 | $30.0M | $613.0K | ||
| Q1 24 | $878.0M | $33.6M |
| Q4 25 | -0.1% | 2.0% | ||
| Q3 25 | -6.4% | 8.4% | ||
| Q2 25 | 10.6% | -0.9% | ||
| Q1 25 | 32.1% | 10.8% | ||
| Q4 24 | -10.2% | -6.9% | ||
| Q3 24 | -6.6% | 8.3% | ||
| Q2 24 | 2.2% | 0.1% | ||
| Q1 24 | 30.2% | 3.1% |
| Q4 25 | 5.1% | 1.5% | ||
| Q3 25 | 3.6% | 1.8% | ||
| Q2 25 | 2.6% | 1.6% | ||
| Q1 25 | 2.2% | 0.9% | ||
| Q4 24 | 4.0% | 1.1% | ||
| Q3 24 | 3.6% | 1.7% | ||
| Q2 24 | 3.3% | 1.3% | ||
| Q1 24 | 1.6% | 1.1% |
| Q4 25 | 1.04× | 2.11× | ||
| Q3 25 | -0.67× | 8.96× | ||
| Q2 25 | 1.79× | 0.50× | ||
| Q1 25 | 2.11× | 5.56× | ||
| Q4 24 | -0.93× | -2.00× | ||
| Q3 24 | -0.30× | 3.44× | ||
| Q2 24 | 0.87× | 0.44× | ||
| Q1 24 | 1.60× | 1.64× |
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% |
UPBD
Segment breakdown not available.
