MARKETS / NYSE / Consumer discretionary / Miscellaneous retail / BBWI

NYSE · RETAIL-RETAIL STORES, NEC · LARGE CAP

Bath & Body Works, Inc. BBWI

19 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$7.3B

▼ 0.2% YoY

Net income

$649.0M

▼ 18.7% YoY

Free cash flow

$865.0M

▲ 31.1% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Bath & Body Works, Inc. sells body care products, including fine fragrance mist, body cream, lotion, eau de parfum, body wash, hand soap, and sanitizer, as well as 3-wick candles. As of January 31, 2026, it operated 1,927 Company-operated retail stores, consisting of 1,814 stores in the United States and 113 in Canada. In addition to its Company-operated stores, it sells products at partner-operated locations and e-commerce sites in more than 45 countries through franchise, license and wholesale arrangements. As of January 31, 2026, it employed over 60,700 associates, none of whom were covered by a collective bargaining agreement. It has a customer loyalty program with 40 million active members.

Written from the business description in Bath & Body Works, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth

USD 7.3B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 7.3 · Net income 0.6

5B10B

2007201020132016201920222025

Compound annual growth

Revenue

−1.2%

+2.5%

−5.0%

−1.8%

Net income

−6.7%

−5.1%

−6.4%

−1.4%

EPS, diluted

−3.2%

+0.7%

−3.0%

+1.7%

Dividend / share

+0.0%

+21.7%

−14.9%

−11.0%

Returned to shareholders

−27.5%

+46.9%

−10.0%

−6.7%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +2.5% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

9 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 15.4% · Net 8.9%

10%20%-2%-4%-6%

200720162025

ROE

FY2011 · ROE 105.4%

50%100%

200720162025

Three returns, three denominators.

Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on assets13.1%

Return on capital employed31.6%

Gross margin43.7%

Operating margin15.4%

Net margin8.9%

EBITDAUSD 1.4B

Return on equity has no reading this year — return on capital employed, just below, still does: 32%.

Cash & shareholders

USD 568.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 0.9

1B2B

200720162025

Net buybacks $B Dividends $B

FY2025 · Dividends 0.2 · Net buybacks 0.4

1B2BDividendsNet buybacks

2007201020132016201920222025

Dividends paidUSD 167.0M

Net buybacksUSD 401.0M

Share of profit87.5%

Consecutive raises·

USD 167.0M in dividends and USD 401.0M in buybacks — 88% of the year's profit went back to shareholders.

Total assetsUSD 5.1B

EquityUSD -1.3B

CashUSD 953.0M

Gross debtUSD 3.9B

Net debtUSD 2.9B

Current ratio1.27×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

BBWI, 19-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	7.3	7.3	7.4	7.6	7.9	6.4	5.4	13.2	12.6	12.6	12.2	11.5	10.8	10.5	10.4	9.6	8.6	9.0	10.1
Operating income $B	1.1	1.3	1.3	1.4	2.0	1.6	1.0	1.2	1.7	2.0	2.2	2.0	1.7	1.6	1.2	1.3	0.9	0.6	1.1
EBITDA $B	1.4	1.5	1.6	1.6	2.4	2.1	1.6	1.8	2.3	2.5	2.6	2.4	2.1	1.9	1.6	1.6	1.2	1.0	◌
Income tax $B	0.2	0.2	0.1	0.3	0.3	0.3	0.1	0.2	0.3	0.5	0.7	0.6	0.5	0.5	0.4	0.4	0.2	0.2	0.4
Net income $B	0.6	0.8	0.9	0.8	1.3	0.8	−0.4	0.6	1.0	1.2	1.3	1.0	0.9	0.8	0.8	0.8	0.4	0.2	0.7
Free cash flow $B	0.9	0.7	0.7	0.8	1.2	1.8	0.8	0.7	0.7	1.0	1.3	1.1	0.6	0.8	0.8	1.0	1.0	0.5	0.0
EPS, diluted $	3.11	3.61	3.84	3.43	4.88	3.00	−1.32	2.31	3.42	3.98	4.22	3.50	3.05	2.54	2.70	2.42	1.37	0.65	1.89
Dividend / sh $	0.80	0.80	0.80	0.80	0.45	0.30	1.20	2.40	2.40	4.40	4.00	2.36	1.20	5.00	3.80	4.60	0.60	4.60	0.60
Payout %	26	22	21	23	9	10	−91	103	70	109	93	66	39	192	135	185	43	91	32
ROE %	—	—	—	—	—	—	—	—	—	—	—	—	—	—	105.4	44.0	22.1	10.6	31.6
Shares out B	0.20	0.22	0.23	0.23	0.25	0.28	0.28	0.28	0.28	0.29	0.29	0.29	0.29	0.29	0.29	0.32	0.32	0.32	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

AMZN · WMT · COST · HD · TGT · DIS

Provenance

Company facts, as filed

How we verify · 0 failures in 92 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008. One check was skipped: the share count is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityRetail-Retail Stores, NEC

Listed onNYSE

Incorporated inDelaware

Fiscal year endsJanuary 30

Data on record since2007

Bath & Body Works, Inc. BBWI

What this company does

Growth↗ Share

Profitability↗ Share

Cash & shareholders↗ Share

The 19-year record

Other companies filing in the same sector

Company facts, as filed

Growth

Profitability

Cash & shareholders