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Side-by-side financial comparison of Boot Barn Holdings, Inc. (BOOT) and Diversified Energy Co (DEC). 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 $666.5M, roughly 1.1× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs 12.2%, a 17.2% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $148.0M).

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.

DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.

BOOT vs DEC — Head-to-Head

Bigger by revenue
BOOT
BOOT
1.1× larger
BOOT
$705.6M
$666.5M
DEC
Higher net margin
DEC
DEC
17.2% more per $
DEC
29.3%
12.2%
BOOT
More free cash flow
DEC
DEC
$132.1M more FCF
DEC
$280.0M
$148.0M
BOOT

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
BOOT
BOOT
DEC
DEC
Revenue
$705.6M
$666.5M
Net Profit
$85.8M
$195.5M
Gross Margin
39.9%
Operating Margin
16.3%
37.6%
Net Margin
12.2%
29.3%
Revenue YoY
16.0%
Net Profit YoY
14.3%
EPS (diluted)
$2.79

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
DEC
DEC
Q4 25
$705.6M
$666.5M
Q3 25
$505.4M
$499.8M
Q2 25
$504.1M
$600.3M
Q1 25
$453.7M
Q4 24
$608.2M
Q3 24
$425.8M
Q2 24
$423.4M
Q1 24
$388.5M
Net Profit
BOOT
BOOT
DEC
DEC
Q4 25
$85.8M
$195.5M
Q3 25
$42.2M
$171.1M
Q2 25
$53.4M
$297.7M
Q1 25
$37.5M
Q4 24
$75.1M
Q3 24
$29.4M
Q2 24
$38.9M
Q1 24
$29.4M
Gross Margin
BOOT
BOOT
DEC
DEC
Q4 25
39.9%
Q3 25
36.4%
Q2 25
39.1%
44.7%
Q1 25
37.1%
Q4 24
39.3%
Q3 24
35.9%
Q2 24
37.0%
Q1 24
35.9%
Operating Margin
BOOT
BOOT
DEC
DEC
Q4 25
16.3%
37.6%
Q3 25
11.2%
36.2%
Q2 25
14.0%
48.5%
Q1 25
11.0%
Q4 24
16.4%
Q3 24
9.4%
Q2 24
11.9%
Q1 24
9.8%
Net Margin
BOOT
BOOT
DEC
DEC
Q4 25
12.2%
29.3%
Q3 25
8.4%
34.2%
Q2 25
10.6%
49.6%
Q1 25
8.3%
Q4 24
12.3%
Q3 24
6.9%
Q2 24
9.2%
Q1 24
7.6%
EPS (diluted)
BOOT
BOOT
DEC
DEC
Q4 25
$2.79
Q3 25
$1.37
$2.14
Q2 25
$1.74
$3.67
Q1 25
$1.24
Q4 24
$2.43
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
DEC
DEC
Cash + ST InvestmentsLiquidity on hand
$200.1M
$29.7M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$1.3B
$984.1M
Total Assets
$2.4B
$6.2B
Debt / EquityLower = less leverage
2.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOOT
BOOT
DEC
DEC
Q4 25
$200.1M
$29.7M
Q3 25
$64.7M
Q2 25
$95.3M
$23.7M
Q1 25
$69.8M
Q4 24
$152.9M
Q3 24
$37.4M
Q2 24
$83.4M
Q1 24
$75.8M
Total Debt
BOOT
BOOT
DEC
DEC
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BOOT
BOOT
DEC
DEC
Q4 25
$1.3B
$984.1M
Q3 25
$1.2B
Q2 25
$1.2B
$727.7M
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$981.8M
Q1 24
$943.6M
Total Assets
BOOT
BOOT
DEC
DEC
Q4 25
$2.4B
$6.2B
Q3 25
$2.3B
Q2 25
$2.1B
$5.7B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.7B
Debt / Equity
BOOT
BOOT
DEC
DEC
Q4 25
2.76×
Q3 25
Q2 25
Q1 25
Q4 24
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
DEC
DEC
Operating Cash FlowLast quarter
$209.7M
$464.6M
Free Cash FlowOCF − Capex
$148.0M
$280.0M
FCF MarginFCF / Revenue
21.0%
42.0%
Capex IntensityCapex / Revenue
8.7%
27.7%
Cash ConversionOCF / Net Profit
2.44×
2.38×
TTM Free Cash FlowTrailing 4 quarters
$89.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOOT
BOOT
DEC
DEC
Q4 25
$209.7M
$464.6M
Q3 25
$25.7M
Q2 25
$73.8M
$264.1M
Q1 25
$-43.1M
Q4 24
$157.1M
Q3 24
$-7.8M
Q2 24
$41.3M
Q1 24
Free Cash Flow
BOOT
BOOT
DEC
DEC
Q4 25
$148.0M
$280.0M
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
DEC
DEC
Q4 25
21.0%
42.0%
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
DEC
DEC
Q4 25
8.7%
27.7%
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
DEC
DEC
Q4 25
2.44×
2.38×
Q3 25
0.61×
Q2 25
1.38×
0.89×
Q1 25
-1.15×
Q4 24
2.09×
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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