vs

Side-by-side financial comparison of Boot Barn Holdings, Inc. (BOOT) and Indivior Pharmaceuticals, Inc. (INDV). 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 $357.0M, roughly 2.0× Indivior Pharmaceuticals, Inc.). Indivior Pharmaceuticals, Inc. runs the higher net margin — 28.9% vs 12.2%, a 16.7% gap on every dollar of revenue. Boot Barn Holdings, Inc. produced more free cash flow last quarter ($148.0M vs $-245.0M).

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.

Indivior is a global specialty pharmaceutical company dedicated to developing and commercializing evidence-based treatments for substance use disorders such as opioid use disorder and alcohol dependence, as well as related mental health conditions. Its primary operating markets are North America and Europe, with a portfolio of approved therapies targeting unmet medical needs for underserved patient groups.

BOOT vs INDV — Head-to-Head

Bigger by revenue
BOOT
BOOT
2.0× larger
BOOT
$705.6M
$357.0M
INDV
Higher net margin
INDV
INDV
16.7% more per $
INDV
28.9%
12.2%
BOOT
More free cash flow
BOOT
BOOT
$393.0M more FCF
BOOT
$148.0M
$-245.0M
INDV

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
BOOT
BOOT
INDV
INDV
Revenue
$705.6M
$357.0M
Net Profit
$85.8M
$103.0M
Gross Margin
39.9%
82.1%
Operating Margin
16.3%
22.7%
Net Margin
12.2%
28.9%
Revenue YoY
16.0%
Net Profit YoY
14.3%
390.5%
EPS (diluted)
$2.79
$0.79

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
INDV
INDV
Q4 25
$705.6M
$357.0M
Q3 25
$505.4M
$314.0M
Q2 25
$504.1M
$302.0M
Q1 25
$453.7M
$266.0M
Q4 24
$608.2M
Q3 24
$425.8M
$307.0M
Q2 24
$423.4M
$299.0M
Q1 24
$388.5M
Net Profit
BOOT
BOOT
INDV
INDV
Q4 25
$85.8M
$103.0M
Q3 25
$42.2M
$42.0M
Q2 25
$53.4M
$18.0M
Q1 25
$37.5M
$47.0M
Q4 24
$75.1M
Q3 24
$29.4M
$22.0M
Q2 24
$38.9M
$-97.0M
Q1 24
$29.4M
Gross Margin
BOOT
BOOT
INDV
INDV
Q4 25
39.9%
82.1%
Q3 25
36.4%
73.2%
Q2 25
39.1%
82.8%
Q1 25
37.1%
83.1%
Q4 24
39.3%
Q3 24
35.9%
78.5%
Q2 24
37.0%
73.6%
Q1 24
35.9%
Operating Margin
BOOT
BOOT
INDV
INDV
Q4 25
16.3%
22.7%
Q3 25
11.2%
13.7%
Q2 25
14.0%
23.8%
Q1 25
11.0%
24.8%
Q4 24
16.4%
Q3 24
9.4%
11.4%
Q2 24
11.9%
-39.5%
Q1 24
9.8%
Net Margin
BOOT
BOOT
INDV
INDV
Q4 25
12.2%
28.9%
Q3 25
8.4%
13.4%
Q2 25
10.6%
6.0%
Q1 25
8.3%
17.7%
Q4 24
12.3%
Q3 24
6.9%
7.2%
Q2 24
9.2%
-32.4%
Q1 24
7.6%
EPS (diluted)
BOOT
BOOT
INDV
INDV
Q4 25
$2.79
$0.79
Q3 25
$1.37
$0.33
Q2 25
$1.74
$0.14
Q1 25
$1.24
$0.38
Q4 24
$2.43
Q3 24
$0.95
$0.16
Q2 24
$1.26
$-0.72
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
INDV
INDV
Cash + ST InvestmentsLiquidity on hand
$200.1M
$195.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$-98.0M
Total Assets
$2.4B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOOT
BOOT
INDV
INDV
Q4 25
$200.1M
$195.0M
Q3 25
$64.7M
$445.0M
Q2 25
$95.3M
$510.0M
Q1 25
$69.8M
$373.0M
Q4 24
$152.9M
Q3 24
$37.4M
Q2 24
$83.4M
Q1 24
$75.8M
Stockholders' Equity
BOOT
BOOT
INDV
INDV
Q4 25
$1.3B
$-98.0M
Q3 25
$1.2B
$-207.0M
Q2 25
$1.2B
$-257.0M
Q1 25
$1.1B
$-285.0M
Q4 24
$1.1B
Q3 24
$1.0B
$-310.0M
Q2 24
$981.8M
$-281.0M
Q1 24
$943.6M
Total Assets
BOOT
BOOT
INDV
INDV
Q4 25
$2.4B
$1.2B
Q3 25
$2.3B
$1.4B
Q2 25
$2.1B
$1.5B
Q1 25
$2.0B
$1.4B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.7B

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
INDV
INDV
Operating Cash FlowLast quarter
$209.7M
$-221.0M
Free Cash FlowOCF − Capex
$148.0M
$-245.0M
FCF MarginFCF / Revenue
21.0%
-68.6%
Capex IntensityCapex / Revenue
8.7%
6.7%
Cash ConversionOCF / Net Profit
2.44×
-2.15×
TTM Free Cash FlowTrailing 4 quarters
$89.8M
$-93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOOT
BOOT
INDV
INDV
Q4 25
$209.7M
$-221.0M
Q3 25
$25.7M
$-39.0M
Q2 25
$73.8M
$158.0M
Q1 25
$-43.1M
$75.0M
Q4 24
$157.1M
Q3 24
$-7.8M
$2.0M
Q2 24
$41.3M
$88.0M
Q1 24
Free Cash Flow
BOOT
BOOT
INDV
INDV
Q4 25
$148.0M
$-245.0M
Q3 25
$-17.5M
$-59.0M
Q2 25
$42.4M
$141.0M
Q1 25
$-83.1M
$70.0M
Q4 24
$114.2M
Q3 24
$-46.1M
$-5.0M
Q2 24
$14.2M
$84.0M
Q1 24
FCF Margin
BOOT
BOOT
INDV
INDV
Q4 25
21.0%
-68.6%
Q3 25
-3.5%
-18.8%
Q2 25
8.4%
46.7%
Q1 25
-18.3%
26.3%
Q4 24
18.8%
Q3 24
-10.8%
-1.6%
Q2 24
3.4%
28.1%
Q1 24
Capex Intensity
BOOT
BOOT
INDV
INDV
Q4 25
8.7%
6.7%
Q3 25
8.6%
6.4%
Q2 25
6.2%
5.6%
Q1 25
8.8%
1.9%
Q4 24
7.1%
Q3 24
9.0%
2.3%
Q2 24
6.4%
1.3%
Q1 24
Cash Conversion
BOOT
BOOT
INDV
INDV
Q4 25
2.44×
-2.15×
Q3 25
0.61×
-0.93×
Q2 25
1.38×
8.78×
Q1 25
-1.15×
1.60×
Q4 24
2.09×
Q3 24
-0.26×
0.09×
Q2 24
1.06×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BOOT
BOOT

Segment breakdown not available.

INDV
INDV

Sublocade$233.0M65%
Sublingual And Other$69.0M19%
Other$49.0M14%
Perseris$6.0M2%

Related Comparisons