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Side-by-side financial comparison of Boot Barn Holdings, Inc. (BOOT) and Liberty Global Ltd. (LBTYA). Click either name above to swap in a different company.

Liberty Global Ltd. is the larger business by last-quarter revenue ($1.2B vs $705.6M, roughly 1.7× Boot Barn Holdings, Inc.). Boot Barn Holdings, Inc. runs the higher net margin — 12.2% vs -237.0%, a 249.1% gap on every dollar of revenue. On growth, Liberty Global Ltd. posted the faster year-over-year revenue change (187.2% vs 16.0%). Liberty Global Ltd. produced more free cash flow last quarter ($193.3M vs $148.0M). Over the past eight quarters, Boot Barn Holdings, Inc.'s revenue compounded faster (34.8% CAGR vs -20.4%).

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.

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

BOOT vs LBTYA — Head-to-Head

Bigger by revenue
LBTYA
LBTYA
1.7× larger
LBTYA
$1.2B
$705.6M
BOOT
Growing faster (revenue YoY)
LBTYA
LBTYA
+171.2% gap
LBTYA
187.2%
16.0%
BOOT
Higher net margin
BOOT
BOOT
249.1% more per $
BOOT
12.2%
-237.0%
LBTYA
More free cash flow
LBTYA
LBTYA
$45.3M more FCF
LBTYA
$193.3M
$148.0M
BOOT
Faster 2-yr revenue CAGR
BOOT
BOOT
Annualised
BOOT
34.8%
-20.4%
LBTYA

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
BOOT
BOOT
LBTYA
LBTYA
Revenue
$705.6M
$1.2B
Net Profit
$85.8M
$-2.9B
Gross Margin
39.9%
66.8%
Operating Margin
16.3%
-8.6%
Net Margin
12.2%
-237.0%
Revenue YoY
16.0%
187.2%
Net Profit YoY
14.3%
-230.0%
EPS (diluted)
$2.79
$-8.66

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
LBTYA
LBTYA
Q4 25
$705.6M
$1.2B
Q3 25
$505.4M
$1.2B
Q2 25
$504.1M
$1.3B
Q1 25
$453.7M
$1.2B
Q4 24
$608.2M
$-1.4B
Q3 24
$425.8M
$1.9B
Q2 24
$423.4M
$1.9B
Q1 24
$388.5M
$1.9B
Net Profit
BOOT
BOOT
LBTYA
LBTYA
Q4 25
$85.8M
$-2.9B
Q3 25
$42.2M
$-90.7M
Q2 25
$53.4M
$-2.8B
Q1 25
$37.5M
$-1.3B
Q4 24
$75.1M
$2.2B
Q3 24
$29.4M
$-1.4B
Q2 24
$38.9M
$268.1M
Q1 24
$29.4M
$510.0M
Gross Margin
BOOT
BOOT
LBTYA
LBTYA
Q4 25
39.9%
66.8%
Q3 25
36.4%
67.5%
Q2 25
39.1%
63.3%
Q1 25
37.1%
65.6%
Q4 24
39.3%
Q3 24
35.9%
69.4%
Q2 24
37.0%
68.5%
Q1 24
35.9%
65.4%
Operating Margin
BOOT
BOOT
LBTYA
LBTYA
Q4 25
16.3%
-8.6%
Q3 25
11.2%
-0.7%
Q2 25
14.0%
2.3%
Q1 25
11.0%
5.2%
Q4 24
16.4%
Q3 24
9.4%
5.2%
Q2 24
11.9%
1.0%
Q1 24
9.8%
1.2%
Net Margin
BOOT
BOOT
LBTYA
LBTYA
Q4 25
12.2%
-237.0%
Q3 25
8.4%
-7.5%
Q2 25
10.6%
-220.1%
Q1 25
8.3%
-114.2%
Q4 24
12.3%
-158.9%
Q3 24
6.9%
-74.1%
Q2 24
9.2%
14.3%
Q1 24
7.6%
26.2%
EPS (diluted)
BOOT
BOOT
LBTYA
LBTYA
Q4 25
$2.79
$-8.66
Q3 25
$1.37
$-0.27
Q2 25
$1.74
$-8.09
Q1 25
$1.24
$-3.84
Q4 24
$2.43
$6.15
Q3 24
$0.95
$-3.95
Q2 24
$1.26
$0.71
Q1 24
$0.96
$1.32

Balance Sheet & Financial Strength

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

Metric
BOOT
BOOT
LBTYA
LBTYA
Cash + ST InvestmentsLiquidity on hand
$200.1M
$2.2B
Total DebtLower is stronger
$7.8B
Stockholders' EquityBook value
$1.3B
$9.7B
Total Assets
$2.4B
$22.6B
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOOT
BOOT
LBTYA
LBTYA
Q4 25
$200.1M
$2.2B
Q3 25
$64.7M
$1.7B
Q2 25
$95.3M
$3.1B
Q1 25
$69.8M
$2.0B
Q4 24
$152.9M
$2.2B
Q3 24
$37.4M
$3.3B
Q2 24
$83.4M
$3.2B
Q1 24
$75.8M
$2.8B
Total Debt
BOOT
BOOT
LBTYA
LBTYA
Q4 25
$7.8B
Q3 25
$7.8B
Q2 25
$7.8B
Q1 25
$8.2B
Q4 24
$8.2B
Q3 24
$14.9B
Q2 24
$14.7B
Q1 24
$14.8B
Stockholders' Equity
BOOT
BOOT
LBTYA
LBTYA
Q4 25
$1.3B
$9.7B
Q3 25
$1.2B
$12.7B
Q2 25
$1.2B
$13.0B
Q1 25
$1.1B
$12.6B
Q4 24
$1.1B
$12.4B
Q3 24
$1.0B
$18.7B
Q2 24
$981.8M
$18.3B
Q1 24
$943.6M
$18.4B
Total Assets
BOOT
BOOT
LBTYA
LBTYA
Q4 25
$2.4B
$22.6B
Q3 25
$2.3B
$25.4B
Q2 25
$2.1B
$27.2B
Q1 25
$2.0B
$26.0B
Q4 24
$2.0B
$25.4B
Q3 24
$1.9B
$41.8B
Q2 24
$1.8B
$40.8B
Q1 24
$1.7B
$40.6B
Debt / Equity
BOOT
BOOT
LBTYA
LBTYA
Q4 25
0.80×
Q3 25
0.61×
Q2 25
0.60×
Q1 25
0.65×
Q4 24
0.66×
Q3 24
0.80×
Q2 24
0.80×
Q1 24
0.80×

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
LBTYA
LBTYA
Operating Cash FlowLast quarter
$209.7M
$630.9M
Free Cash FlowOCF − Capex
$148.0M
$193.3M
FCF MarginFCF / Revenue
21.0%
15.7%
Capex IntensityCapex / Revenue
8.7%
35.5%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$89.8M
$-132.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOOT
BOOT
LBTYA
LBTYA
Q4 25
$209.7M
$630.9M
Q3 25
$25.7M
$301.8M
Q2 25
$73.8M
$149.2M
Q1 25
$-43.1M
$129.2M
Q4 24
$157.1M
$791.6M
Q3 24
$-7.8M
$449.5M
Q2 24
$41.3M
$546.1M
Q1 24
$245.7M
Free Cash Flow
BOOT
BOOT
LBTYA
LBTYA
Q4 25
$148.0M
$193.3M
Q3 25
$-17.5M
$-41.1M
Q2 25
$42.4M
$-170.1M
Q1 25
$-83.1M
$-114.1M
Q4 24
$114.2M
$712.9M
Q3 24
$-46.1M
$102.4M
Q2 24
$14.2M
$256.8M
Q1 24
$-105.1M
FCF Margin
BOOT
BOOT
LBTYA
LBTYA
Q4 25
21.0%
15.7%
Q3 25
-3.5%
-3.4%
Q2 25
8.4%
-13.4%
Q1 25
-18.3%
-9.7%
Q4 24
18.8%
-50.5%
Q3 24
-10.8%
5.3%
Q2 24
3.4%
13.7%
Q1 24
-5.4%
Capex Intensity
BOOT
BOOT
LBTYA
LBTYA
Q4 25
8.7%
35.5%
Q3 25
8.6%
28.4%
Q2 25
6.2%
25.2%
Q1 25
8.8%
20.8%
Q4 24
7.1%
-5.6%
Q3 24
9.0%
17.9%
Q2 24
6.4%
15.4%
Q1 24
18.0%
Cash Conversion
BOOT
BOOT
LBTYA
LBTYA
Q4 25
2.44×
Q3 25
0.61×
Q2 25
1.38×
Q1 25
-1.15×
Q4 24
2.09×
0.35×
Q3 24
-0.26×
Q2 24
1.06×
2.04×
Q1 24
0.48×

Financial Flow Comparison

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

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