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Side-by-side financial comparison of Boot Barn Holdings, Inc. (BOOT) and PEGASYSTEMS INC (PEGA). 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 $430.0M, roughly 1.6× PEGASYSTEMS INC). Boot Barn Holdings, Inc. runs the higher net margin — 12.2% vs 7.6%, a 4.5% gap on every dollar of revenue. On growth, Boot Barn Holdings, Inc. posted the faster year-over-year revenue change (16.0% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $148.0M). Over the past eight quarters, Boot Barn Holdings, Inc.'s revenue compounded faster (34.8% CAGR vs 10.7%).

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.

Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.

BOOT vs PEGA — Head-to-Head

Bigger by revenue
BOOT
BOOT
1.6× larger
BOOT
$705.6M
$430.0M
PEGA
Growing faster (revenue YoY)
BOOT
BOOT
+25.6% gap
BOOT
16.0%
-9.6%
PEGA
Higher net margin
BOOT
BOOT
4.5% more per $
BOOT
12.2%
7.6%
PEGA
More free cash flow
PEGA
PEGA
$58.6M more FCF
PEGA
$206.5M
$148.0M
BOOT
Faster 2-yr revenue CAGR
BOOT
BOOT
Annualised
BOOT
34.8%
10.7%
PEGA

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
BOOT
BOOT
PEGA
PEGA
Revenue
$705.6M
$430.0M
Net Profit
$85.8M
$32.8M
Gross Margin
39.9%
75.2%
Operating Margin
16.3%
8.6%
Net Margin
12.2%
7.6%
Revenue YoY
16.0%
-9.6%
Net Profit YoY
14.3%
EPS (diluted)
$2.79
$0.18

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
PEGA
PEGA
Q1 26
$430.0M
Q4 25
$705.6M
$504.3M
Q3 25
$505.4M
$381.4M
Q2 25
$504.1M
$384.5M
Q1 25
$453.7M
$475.6M
Q4 24
$608.2M
$490.8M
Q3 24
$425.8M
$325.1M
Q2 24
$423.4M
$351.2M
Net Profit
BOOT
BOOT
PEGA
PEGA
Q1 26
$32.8M
Q4 25
$85.8M
$234.6M
Q3 25
$42.2M
$43.4M
Q2 25
$53.4M
$30.1M
Q1 25
$37.5M
$85.4M
Q4 24
$75.1M
$119.1M
Q3 24
$29.4M
$-14.4M
Q2 24
$38.9M
$6.6M
Gross Margin
BOOT
BOOT
PEGA
PEGA
Q1 26
75.2%
Q4 25
39.9%
79.5%
Q3 25
36.4%
72.2%
Q2 25
39.1%
71.5%
Q1 25
37.1%
78.5%
Q4 24
39.3%
79.1%
Q3 24
35.9%
70.2%
Q2 24
37.0%
72.4%
Operating Margin
BOOT
BOOT
PEGA
PEGA
Q1 26
8.6%
Q4 25
16.3%
20.7%
Q3 25
11.2%
3.8%
Q2 25
14.0%
4.5%
Q1 25
11.0%
26.7%
Q4 24
16.4%
29.1%
Q3 24
9.4%
-3.6%
Q2 24
11.9%
3.7%
Net Margin
BOOT
BOOT
PEGA
PEGA
Q1 26
7.6%
Q4 25
12.2%
46.5%
Q3 25
8.4%
11.4%
Q2 25
10.6%
7.8%
Q1 25
8.3%
18.0%
Q4 24
12.3%
24.3%
Q3 24
6.9%
-4.4%
Q2 24
9.2%
1.9%
EPS (diluted)
BOOT
BOOT
PEGA
PEGA
Q1 26
$0.18
Q4 25
$2.79
$0.81
Q3 25
$1.37
$0.24
Q2 25
$1.74
$0.17
Q1 25
$1.24
$0.91
Q4 24
$2.43
$1.35
Q3 24
$0.95
$-0.17
Q2 24
$1.26
$0.07

Balance Sheet & Financial Strength

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

Metric
BOOT
BOOT
PEGA
PEGA
Cash + ST InvestmentsLiquidity on hand
$200.1M
$270.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$705.9M
Total Assets
$2.4B
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOOT
BOOT
PEGA
PEGA
Q1 26
$270.0M
Q4 25
$200.1M
$425.8M
Q3 25
$64.7M
$351.4M
Q2 25
$95.3M
$411.6M
Q1 25
$69.8M
$371.7M
Q4 24
$152.9M
$740.0M
Q3 24
$37.4M
$703.0M
Q2 24
$83.4M
$665.1M
Stockholders' Equity
BOOT
BOOT
PEGA
PEGA
Q1 26
$705.9M
Q4 25
$1.3B
$787.4M
Q3 25
$1.2B
$596.8M
Q2 25
$1.2B
$624.5M
Q1 25
$1.1B
$611.3M
Q4 24
$1.1B
$585.5M
Q3 24
$1.0B
$473.0M
Q2 24
$981.8M
$435.4M
Total Assets
BOOT
BOOT
PEGA
PEGA
Q1 26
$1.6B
Q4 25
$2.4B
$1.6B
Q3 25
$2.3B
$1.3B
Q2 25
$2.1B
$1.3B
Q1 25
$2.0B
$1.3B
Q4 24
$2.0B
$1.8B
Q3 24
$1.9B
$1.6B
Q2 24
$1.8B
$1.5B

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
PEGA
PEGA
Operating Cash FlowLast quarter
$209.7M
Free Cash FlowOCF − Capex
$148.0M
$206.5M
FCF MarginFCF / Revenue
21.0%
48.0%
Capex IntensityCapex / Revenue
8.7%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$89.8M
$494.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOOT
BOOT
PEGA
PEGA
Q1 26
Q4 25
$209.7M
$158.4M
Q3 25
$25.7M
$56.3M
Q2 25
$73.8M
$86.3M
Q1 25
$-43.1M
$204.2M
Q4 24
$157.1M
$95.2M
Q3 24
$-7.8M
$30.5M
Q2 24
$41.3M
$40.1M
Free Cash Flow
BOOT
BOOT
PEGA
PEGA
Q1 26
$206.5M
Q4 25
$148.0M
$152.4M
Q3 25
$-17.5M
$51.8M
Q2 25
$42.4M
$84.1M
Q1 25
$-83.1M
$202.3M
Q4 24
$114.2M
$92.4M
Q3 24
$-46.1M
$27.4M
Q2 24
$14.2M
$38.8M
FCF Margin
BOOT
BOOT
PEGA
PEGA
Q1 26
48.0%
Q4 25
21.0%
30.2%
Q3 25
-3.5%
13.6%
Q2 25
8.4%
21.9%
Q1 25
-18.3%
42.5%
Q4 24
18.8%
18.8%
Q3 24
-10.8%
8.4%
Q2 24
3.4%
11.1%
Capex Intensity
BOOT
BOOT
PEGA
PEGA
Q1 26
Q4 25
8.7%
1.2%
Q3 25
8.6%
1.2%
Q2 25
6.2%
0.6%
Q1 25
8.8%
0.4%
Q4 24
7.1%
0.6%
Q3 24
9.0%
0.9%
Q2 24
6.4%
0.4%
Cash Conversion
BOOT
BOOT
PEGA
PEGA
Q1 26
Q4 25
2.44×
0.68×
Q3 25
0.61×
1.30×
Q2 25
1.38×
2.87×
Q1 25
-1.15×
2.39×
Q4 24
2.09×
0.80×
Q3 24
-0.26×
Q2 24
1.06×
6.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BOOT
BOOT

Segment breakdown not available.

PEGA
PEGA

Pega Cloud$205.0M48%
Subscription license$94.9M22%
Maintenance$75.3M18%
Consulting$54.8M13%

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