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Side-by-side financial comparison of Boot Barn Holdings, Inc. (BOOT) and Loews Corporation (L). Click either name above to swap in a different company.

Loews Corporation is the larger business by last-quarter revenue ($827.0M vs $705.6M, roughly 1.2× Boot Barn Holdings, Inc.). Loews Corporation runs the higher net margin — 48.6% vs 12.2%, a 36.4% gap on every dollar of revenue. On growth, Boot Barn Holdings, Inc. posted the faster year-over-year revenue change (16.0% vs 4.8%). Loews Corporation produced more free cash flow last quarter ($426.0M vs $148.0M). Over the past eight quarters, Boot Barn Holdings, Inc.'s revenue compounded faster (34.8% CAGR vs 7.9%).

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.

Loews Corporation is a diversified US-based conglomerate that operates across multiple key industry segments through its subsidiaries. Its core business lines include property and casualty insurance, natural gas pipeline transportation, hospitality services, and upstream oil and gas exploration and production, primarily serving commercial, consumer and industrial clients across North American markets.

BOOT vs L — Head-to-Head

Bigger by revenue
L
L
1.2× larger
L
$827.0M
$705.6M
BOOT
Growing faster (revenue YoY)
BOOT
BOOT
+11.2% gap
BOOT
16.0%
4.8%
L
Higher net margin
L
L
36.4% more per $
L
48.6%
12.2%
BOOT
More free cash flow
L
L
$278.0M more FCF
L
$426.0M
$148.0M
BOOT
Faster 2-yr revenue CAGR
BOOT
BOOT
Annualised
BOOT
34.8%
7.9%
L

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
BOOT
BOOT
L
L
Revenue
$705.6M
$827.0M
Net Profit
$85.8M
$402.0M
Gross Margin
39.9%
Operating Margin
16.3%
65.4%
Net Margin
12.2%
48.6%
Revenue YoY
16.0%
4.8%
Net Profit YoY
14.3%
115.0%
EPS (diluted)
$2.79
$1.93

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
L
L
Q4 25
$705.6M
$827.0M
Q3 25
$505.4M
$732.0M
Q2 25
$504.1M
$769.0M
Q1 25
$453.7M
$846.0M
Q4 24
$608.2M
$789.0M
Q3 24
$425.8M
$683.0M
Q2 24
$423.4M
$711.0M
Q1 24
$388.5M
$710.0M
Net Profit
BOOT
BOOT
L
L
Q4 25
$85.8M
$402.0M
Q3 25
$42.2M
$504.0M
Q2 25
$53.4M
$391.0M
Q1 25
$37.5M
$370.0M
Q4 24
$75.1M
$187.0M
Q3 24
$29.4M
$401.0M
Q2 24
$38.9M
$369.0M
Q1 24
$29.4M
$457.0M
Gross Margin
BOOT
BOOT
L
L
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
L
L
Q4 25
16.3%
65.4%
Q3 25
11.2%
94.1%
Q2 25
14.0%
70.1%
Q1 25
11.0%
60.8%
Q4 24
16.4%
23.8%
Q3 24
9.4%
80.5%
Q2 24
11.9%
71.3%
Q1 24
9.8%
88.6%
Net Margin
BOOT
BOOT
L
L
Q4 25
12.2%
48.6%
Q3 25
8.4%
68.9%
Q2 25
10.6%
50.8%
Q1 25
8.3%
43.7%
Q4 24
12.3%
23.7%
Q3 24
6.9%
58.7%
Q2 24
9.2%
51.9%
Q1 24
7.6%
64.4%
EPS (diluted)
BOOT
BOOT
L
L
Q4 25
$2.79
$1.93
Q3 25
$1.37
$2.43
Q2 25
$1.74
$1.87
Q1 25
$1.24
$1.74
Q4 24
$2.43
$0.87
Q3 24
$0.95
$1.82
Q2 24
$1.26
$1.67
Q1 24
$0.96
$2.05

Balance Sheet & Financial Strength

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

Metric
BOOT
BOOT
L
L
Cash + ST InvestmentsLiquidity on hand
$200.1M
$6.0B
Total DebtLower is stronger
$8.4B
Stockholders' EquityBook value
$1.3B
$18.7B
Total Assets
$2.4B
$86.3B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOOT
BOOT
L
L
Q4 25
$200.1M
$6.0B
Q3 25
$64.7M
$5.4B
Q2 25
$95.3M
$4.5B
Q1 25
$69.8M
$4.4B
Q4 24
$152.9M
$4.6B
Q3 24
$37.4M
$5.2B
Q2 24
$83.4M
$4.9B
Q1 24
$75.8M
$5.4B
Total Debt
BOOT
BOOT
L
L
Q4 25
$8.4B
Q3 25
$8.4B
Q2 25
$7.9B
Q1 25
$8.4B
Q4 24
$8.9B
Q3 24
$8.8B
Q2 24
$8.6B
Q1 24
$8.4B
Stockholders' Equity
BOOT
BOOT
L
L
Q4 25
$1.3B
$18.7B
Q3 25
$1.2B
$18.3B
Q2 25
$1.2B
$17.5B
Q1 25
$1.1B
$17.2B
Q4 24
$1.1B
$17.1B
Q3 24
$1.0B
$17.4B
Q2 24
$981.8M
$16.4B
Q1 24
$943.6M
$16.2B
Total Assets
BOOT
BOOT
L
L
Q4 25
$2.4B
$86.3B
Q3 25
$2.3B
$85.9B
Q2 25
$2.1B
$84.7B
Q1 25
$2.0B
$83.1B
Q4 24
$2.0B
$81.9B
Q3 24
$1.9B
$83.6B
Q2 24
$1.8B
$81.1B
Q1 24
$1.7B
$80.9B
Debt / Equity
BOOT
BOOT
L
L
Q4 25
0.45×
Q3 25
0.46×
Q2 25
0.45×
Q1 25
0.49×
Q4 24
0.52×
Q3 24
0.51×
Q2 24
0.52×
Q1 24
0.52×

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
L
L
Operating Cash FlowLast quarter
$209.7M
$617.0M
Free Cash FlowOCF − Capex
$148.0M
$426.0M
FCF MarginFCF / Revenue
21.0%
51.5%
Capex IntensityCapex / Revenue
8.7%
23.1%
Cash ConversionOCF / Net Profit
2.44×
1.53×
TTM Free Cash FlowTrailing 4 quarters
$89.8M
$2.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOOT
BOOT
L
L
Q4 25
$209.7M
$617.0M
Q3 25
$25.7M
$920.0M
Q2 25
$73.8M
$1.0B
Q1 25
$-43.1M
$736.0M
Q4 24
$157.1M
$941.0M
Q3 24
$-7.8M
$934.0M
Q2 24
$41.3M
$952.0M
Q1 24
$198.0M
Free Cash Flow
BOOT
BOOT
L
L
Q4 25
$148.0M
$426.0M
Q3 25
$-17.5M
$764.0M
Q2 25
$42.4M
$872.0M
Q1 25
$-83.1M
$638.0M
Q4 24
$114.2M
$767.0M
Q3 24
$-46.1M
$794.0M
Q2 24
$14.2M
$793.0M
Q1 24
$39.0M
FCF Margin
BOOT
BOOT
L
L
Q4 25
21.0%
51.5%
Q3 25
-3.5%
104.4%
Q2 25
8.4%
113.4%
Q1 25
-18.3%
75.4%
Q4 24
18.8%
97.2%
Q3 24
-10.8%
116.3%
Q2 24
3.4%
111.5%
Q1 24
5.5%
Capex Intensity
BOOT
BOOT
L
L
Q4 25
8.7%
23.1%
Q3 25
8.6%
21.3%
Q2 25
6.2%
17.4%
Q1 25
8.8%
11.6%
Q4 24
7.1%
22.1%
Q3 24
9.0%
20.5%
Q2 24
6.4%
22.4%
Q1 24
22.4%
Cash Conversion
BOOT
BOOT
L
L
Q4 25
2.44×
1.53×
Q3 25
0.61×
1.83×
Q2 25
1.38×
2.57×
Q1 25
-1.15×
1.99×
Q4 24
2.09×
5.03×
Q3 24
-0.26×
2.33×
Q2 24
1.06×
2.58×
Q1 24
0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BOOT
BOOT

Segment breakdown not available.

L
L

Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services$601.0M73%
Lodging And Related Services$226.0M27%

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