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Side-by-side financial comparison of Boot Barn Holdings, Inc. (BOOT) and CMB.TECH NV (CMBT). Click either name above to swap in a different company.

Boot Barn Holdings, Inc. is the larger business by last-quarter revenue ($705.6M vs $592.8M, roughly 1.2× CMB.TECH NV). CMB.TECH NV runs the higher net margin — 32.3% vs 12.2%, a 20.1% gap on every dollar of revenue. On growth, Boot Barn Holdings, Inc. posted the faster year-over-year revenue change (16.0% vs -34.6%).

Henry Boot plc is a British property development business based in Sheffield, England. It was floated on the London Stock Exchange in 1919, becoming the first quoted housebuilder. Between the wars, Henry Boot built more houses than any other company. The company remains a significant construction and property management company operating in the UK.

CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.

BOOT vs CMBT — Head-to-Head

Bigger by revenue
BOOT
BOOT
1.2× larger
BOOT
$705.6M
$592.8M
CMBT
Growing faster (revenue YoY)
BOOT
BOOT
+50.6% gap
BOOT
16.0%
-34.6%
CMBT
Higher net margin
CMBT
CMBT
20.1% more per $
CMBT
32.3%
12.2%
BOOT

Income Statement — Q3 FY2026 vs Q4 FY2024

Metric
BOOT
BOOT
CMBT
CMBT
Revenue
$705.6M
$592.8M
Net Profit
$85.8M
$191.2M
Gross Margin
39.9%
Operating Margin
16.3%
46.4%
Net Margin
12.2%
32.3%
Revenue YoY
16.0%
-34.6%
Net Profit YoY
14.3%
-63.3%
EPS (diluted)
$2.79
$1.01

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
BOOT
BOOT
CMBT
CMBT
Q4 25
$705.6M
Q3 25
$505.4M
Q2 25
$504.1M
Q1 25
$453.7M
Q4 24
$608.2M
$592.8M
Q3 24
$425.8M
Q2 24
$423.4M
Q1 24
$388.5M
Net Profit
BOOT
BOOT
CMBT
CMBT
Q4 25
$85.8M
Q3 25
$42.2M
Q2 25
$53.4M
Q1 25
$37.5M
Q4 24
$75.1M
$191.2M
Q3 24
$29.4M
Q2 24
$38.9M
Q1 24
$29.4M
Gross Margin
BOOT
BOOT
CMBT
CMBT
Q4 25
39.9%
Q3 25
36.4%
Q2 25
39.1%
Q1 25
37.1%
Q4 24
39.3%
Q3 24
35.9%
Q2 24
37.0%
Q1 24
35.9%
Operating Margin
BOOT
BOOT
CMBT
CMBT
Q4 25
16.3%
Q3 25
11.2%
Q2 25
14.0%
Q1 25
11.0%
Q4 24
16.4%
46.4%
Q3 24
9.4%
Q2 24
11.9%
Q1 24
9.8%
Net Margin
BOOT
BOOT
CMBT
CMBT
Q4 25
12.2%
Q3 25
8.4%
Q2 25
10.6%
Q1 25
8.3%
Q4 24
12.3%
32.3%
Q3 24
6.9%
Q2 24
9.2%
Q1 24
7.6%
EPS (diluted)
BOOT
BOOT
CMBT
CMBT
Q4 25
$2.79
Q3 25
$1.37
Q2 25
$1.74
Q1 25
$1.24
Q4 24
$2.43
$1.01
Q3 24
$0.95
Q2 24
$1.26
Q1 24
$0.96

Balance Sheet & Financial Strength

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

Metric
BOOT
BOOT
CMBT
CMBT
Cash + ST InvestmentsLiquidity on hand
$200.1M
$38.9M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$1.3B
$1.2B
Total Assets
$2.4B
$3.9B
Debt / EquityLower = less leverage
2.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOOT
BOOT
CMBT
CMBT
Q4 25
$200.1M
Q3 25
$64.7M
Q2 25
$95.3M
Q1 25
$69.8M
Q4 24
$152.9M
$38.9M
Q3 24
$37.4M
Q2 24
$83.4M
Q1 24
$75.8M
Total Debt
BOOT
BOOT
CMBT
CMBT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$2.6B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BOOT
BOOT
CMBT
CMBT
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.1B
$1.2B
Q3 24
$1.0B
Q2 24
$981.8M
Q1 24
$943.6M
Total Assets
BOOT
BOOT
CMBT
CMBT
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$2.1B
Q1 25
$2.0B
Q4 24
$2.0B
$3.9B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.7B
Debt / Equity
BOOT
BOOT
CMBT
CMBT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.20×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BOOT
BOOT
CMBT
CMBT
Operating Cash FlowLast quarter
$209.7M
$204.4M
Free Cash FlowOCF − Capex
$148.0M
FCF MarginFCF / Revenue
21.0%
Capex IntensityCapex / Revenue
8.7%
Cash ConversionOCF / Net Profit
2.44×
1.07×
TTM Free Cash FlowTrailing 4 quarters
$89.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOOT
BOOT
CMBT
CMBT
Q4 25
$209.7M
Q3 25
$25.7M
Q2 25
$73.8M
Q1 25
$-43.1M
Q4 24
$157.1M
$204.4M
Q3 24
$-7.8M
Q2 24
$41.3M
Q1 24
Free Cash Flow
BOOT
BOOT
CMBT
CMBT
Q4 25
$148.0M
Q3 25
$-17.5M
Q2 25
$42.4M
Q1 25
$-83.1M
Q4 24
$114.2M
Q3 24
$-46.1M
Q2 24
$14.2M
Q1 24
FCF Margin
BOOT
BOOT
CMBT
CMBT
Q4 25
21.0%
Q3 25
-3.5%
Q2 25
8.4%
Q1 25
-18.3%
Q4 24
18.8%
Q3 24
-10.8%
Q2 24
3.4%
Q1 24
Capex Intensity
BOOT
BOOT
CMBT
CMBT
Q4 25
8.7%
Q3 25
8.6%
Q2 25
6.2%
Q1 25
8.8%
Q4 24
7.1%
Q3 24
9.0%
Q2 24
6.4%
Q1 24
Cash Conversion
BOOT
BOOT
CMBT
CMBT
Q4 25
2.44×
Q3 25
0.61×
Q2 25
1.38×
Q1 25
-1.15×
Q4 24
2.09×
1.07×
Q3 24
-0.26×
Q2 24
1.06×
Q1 24

Financial Flow Comparison

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

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