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

Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $705.6M, roughly 1.8× Boot Barn Holdings, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 12.2%, a 4.4% gap on every dollar of revenue. On growth, Boot Barn Holdings, Inc. posted the faster year-over-year revenue change (16.0% vs 11.1%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M 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.

BOOT vs Q — Head-to-Head

Bigger by revenue
Q
Q
1.8× larger
Q
$1.3B
$705.6M
BOOT
Growing faster (revenue YoY)
BOOT
BOOT
+4.9% gap
BOOT
16.0%
11.1%
Q
Higher net margin
Q
Q
4.4% more per $
Q
16.5%
12.2%
BOOT
More free cash flow
Q
Q
$420.0M more FCF
Q
$568.0M
$148.0M
BOOT

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
BOOT
BOOT
Q
Q
Revenue
$705.6M
$1.3B
Net Profit
$85.8M
$211.0M
Gross Margin
39.9%
45.1%
Operating Margin
16.3%
21.3%
Net Margin
12.2%
16.5%
Revenue YoY
16.0%
11.1%
Net Profit YoY
14.3%
6.0%
EPS (diluted)
$2.79
$1.01

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
Q
Q
Q4 25
$705.6M
Q3 25
$505.4M
$1.3B
Q2 25
$504.1M
Q1 25
$453.7M
Q4 24
$608.2M
Q3 24
$425.8M
$1.1B
Q2 24
$423.4M
Q1 24
$388.5M
Net Profit
BOOT
BOOT
Q
Q
Q4 25
$85.8M
Q3 25
$42.2M
$211.0M
Q2 25
$53.4M
Q1 25
$37.5M
Q4 24
$75.1M
Q3 24
$29.4M
$199.0M
Q2 24
$38.9M
Q1 24
$29.4M
Gross Margin
BOOT
BOOT
Q
Q
Q4 25
39.9%
Q3 25
36.4%
45.1%
Q2 25
39.1%
Q1 25
37.1%
Q4 24
39.3%
Q3 24
35.9%
47.0%
Q2 24
37.0%
Q1 24
35.9%
Operating Margin
BOOT
BOOT
Q
Q
Q4 25
16.3%
Q3 25
11.2%
21.3%
Q2 25
14.0%
Q1 25
11.0%
Q4 24
16.4%
Q3 24
9.4%
21.8%
Q2 24
11.9%
Q1 24
9.8%
Net Margin
BOOT
BOOT
Q
Q
Q4 25
12.2%
Q3 25
8.4%
16.5%
Q2 25
10.6%
Q1 25
8.3%
Q4 24
12.3%
Q3 24
6.9%
17.3%
Q2 24
9.2%
Q1 24
7.6%
EPS (diluted)
BOOT
BOOT
Q
Q
Q4 25
$2.79
Q3 25
$1.37
$1.01
Q2 25
$1.74
Q1 25
$1.24
Q4 24
$2.43
Q3 24
$0.95
$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
Q
Q
Cash + ST InvestmentsLiquidity on hand
$200.1M
$128.0M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$1.3B
$9.1B
Total Assets
$2.4B
$12.5B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOOT
BOOT
Q
Q
Q4 25
$200.1M
Q3 25
$64.7M
$128.0M
Q2 25
$95.3M
Q1 25
$69.8M
Q4 24
$152.9M
Q3 24
$37.4M
Q2 24
$83.4M
Q1 24
$75.8M
Total Debt
BOOT
BOOT
Q
Q
Q4 25
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BOOT
BOOT
Q
Q
Q4 25
$1.3B
Q3 25
$1.2B
$9.1B
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.0B
$11.1B
Q2 24
$981.8M
Q1 24
$943.6M
Total Assets
BOOT
BOOT
Q
Q
Q4 25
$2.4B
Q3 25
$2.3B
$12.5B
Q2 25
$2.1B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.7B
Debt / Equity
BOOT
BOOT
Q
Q
Q4 25
Q3 25
0.19×
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
Q
Q
Operating Cash FlowLast quarter
$209.7M
$782.0M
Free Cash FlowOCF − Capex
$148.0M
$568.0M
FCF MarginFCF / Revenue
21.0%
44.5%
Capex IntensityCapex / Revenue
8.7%
16.8%
Cash ConversionOCF / Net Profit
2.44×
3.71×
TTM Free Cash FlowTrailing 4 quarters
$89.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOOT
BOOT
Q
Q
Q4 25
$209.7M
Q3 25
$25.7M
$782.0M
Q2 25
$73.8M
Q1 25
$-43.1M
Q4 24
$157.1M
Q3 24
$-7.8M
Q2 24
$41.3M
Q1 24
Free Cash Flow
BOOT
BOOT
Q
Q
Q4 25
$148.0M
Q3 25
$-17.5M
$568.0M
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
Q
Q
Q4 25
21.0%
Q3 25
-3.5%
44.5%
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
Q
Q
Q4 25
8.7%
Q3 25
8.6%
16.8%
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
Q
Q
Q4 25
2.44×
Q3 25
0.61×
3.71×
Q2 25
1.38×
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.

Revenue Breakdown by Segment

BOOT
BOOT

Segment breakdown not available.

Q
Q

Semiconductor Technologies$693.0M54%
Interconnect Solutions$583.0M46%

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