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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and VALMONT INDUSTRIES INC (VMI). 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 $1.0B, roughly 1.5× VALMONT INDUSTRIES INC). VALMONT INDUSTRIES INC runs the higher net margin — 10.5% vs 4.8%, a 5.7% gap on every dollar of revenue. On growth, VALMONT INDUSTRIES INC posted the faster year-over-year revenue change (6.2% vs -1.0%). Over the past eight quarters, VALMONT INDUSTRIES INC's revenue compounded faster (-0.5% 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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
BBWI vs VMI — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.0B |
| Net Profit | $77.0M | $108.0M |
| Gross Margin | 41.3% | 30.8% |
| Operating Margin | 10.1% | 15.1% |
| Net Margin | 4.8% | 10.5% |
| Revenue YoY | -1.0% | 6.2% |
| Net Profit YoY | -27.4% | 23.8% |
| EPS (diluted) | $0.37 | $5.51 |
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 | — | $1.0B | ||
| Q4 25 | $1.6B | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $2.8B | $969.3M | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.4B | $1.0B |
| Q1 26 | — | $108.0M | ||
| Q4 25 | $77.0M | $168.0M | ||
| Q3 25 | $64.0M | $99.0M | ||
| Q2 25 | $105.0M | $-4.0M | ||
| Q1 25 | $453.0M | $87.3M | ||
| Q4 24 | $106.0M | $77.7M | ||
| Q3 24 | $152.0M | $83.1M | ||
| Q2 24 | $87.0M | $99.7M |
| Q1 26 | — | 30.8% | ||
| Q4 25 | 41.3% | 29.8% | ||
| Q3 25 | 41.3% | 30.4% | ||
| Q2 25 | 45.4% | 30.6% | ||
| Q1 25 | 46.7% | 30.0% | ||
| Q4 24 | 43.5% | 30.2% | ||
| Q3 24 | 41.0% | 29.6% | ||
| Q2 24 | 43.8% | 30.8% |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 10.1% | 11.2% | ||
| Q3 25 | 10.1% | 13.5% | ||
| Q2 25 | 14.7% | 2.8% | ||
| Q1 25 | 24.3% | 13.2% | ||
| Q4 24 | 13.5% | 11.6% | ||
| Q3 24 | 12.0% | 12.3% | ||
| Q2 24 | 13.5% | 14.2% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 4.8% | 16.2% | ||
| Q3 25 | 4.1% | 9.5% | ||
| Q2 25 | 7.4% | -0.4% | ||
| Q1 25 | 16.3% | 9.0% | ||
| Q4 24 | 6.6% | 7.5% | ||
| Q3 24 | 10.0% | 8.1% | ||
| Q2 24 | 6.3% | 9.6% |
| Q1 26 | — | $5.51 | ||
| Q4 25 | $0.37 | $9.02 | ||
| Q3 25 | $0.30 | $4.98 | ||
| Q2 25 | $0.49 | $-1.53 | ||
| Q1 25 | $2.06 | $4.32 | ||
| Q4 24 | $0.49 | $3.85 | ||
| Q3 24 | $0.68 | $4.11 | ||
| Q2 24 | $0.38 | $4.91 |
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 | $160.2M |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $-1.6B | $1.7B |
| Total Assets | $5.0B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.2M | ||
| Q4 25 | $236.0M | $187.1M | ||
| Q3 25 | $364.0M | $226.1M | ||
| Q2 25 | $636.0M | $208.5M | ||
| Q1 25 | $674.0M | $184.4M | ||
| Q4 24 | $191.0M | $164.3M | ||
| Q3 24 | $514.0M | $200.5M | ||
| Q2 24 | $855.0M | $163.1M |
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | $795.7M | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | $730.6M | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-1.6B | $1.6B | ||
| Q3 25 | $-1.5B | $1.6B | ||
| Q2 25 | $-1.5B | $1.5B | ||
| Q1 25 | $-1.4B | $1.6B | ||
| Q4 24 | $-1.7B | $1.5B | ||
| Q3 24 | $-1.7B | $1.5B | ||
| Q2 24 | $-1.7B | $1.5B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $5.0B | $3.4B | ||
| Q3 25 | $4.8B | $3.4B | ||
| Q2 25 | $4.9B | $3.3B | ||
| Q1 25 | $4.9B | $3.4B | ||
| Q4 24 | $5.0B | $3.3B | ||
| Q3 24 | $4.9B | $3.5B | ||
| Q2 24 | $5.2B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| 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 | $111.2M | ||
| Q3 25 | $-43.0M | $112.5M | ||
| Q2 25 | $188.0M | $167.6M | ||
| Q1 25 | $955.0M | $65.1M | ||
| Q4 24 | $-99.0M | $193.4M | ||
| Q3 24 | $-46.0M | $225.1M | ||
| Q2 24 | $76.0M | $130.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.0M | $70.4M | ||
| Q3 25 | $-99.0M | $70.6M | ||
| Q2 25 | $151.0M | $135.6M | ||
| Q1 25 | $895.0M | $34.8M | ||
| Q4 24 | $-164.0M | $167.8M | ||
| Q3 24 | $-101.0M | $204.6M | ||
| Q2 24 | $30.0M | $112.5M |
| Q1 26 | — | — | ||
| Q4 25 | -0.1% | 6.8% | ||
| Q3 25 | -6.4% | 6.7% | ||
| Q2 25 | 10.6% | 12.9% | ||
| Q1 25 | 32.1% | 3.6% | ||
| Q4 24 | -10.2% | 16.2% | ||
| Q3 24 | -6.6% | 20.1% | ||
| Q2 24 | 2.2% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 3.9% | ||
| Q3 25 | 3.6% | 4.0% | ||
| Q2 25 | 2.6% | 3.0% | ||
| Q1 25 | 2.2% | 3.1% | ||
| Q4 24 | 4.0% | 2.5% | ||
| Q3 24 | 3.6% | 2.0% | ||
| Q2 24 | 3.3% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | 0.66× | ||
| Q3 25 | -0.67× | 1.14× | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 2.11× | 0.75× | ||
| Q4 24 | -0.93× | 2.49× | ||
| Q3 24 | -0.30× | 2.71× | ||
| Q2 24 | 0.87× | 1.31× |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
