BOOT BARN HOLDINGS, INC.

BOOT · Consumer Discretionary · $4.7B mkt cap · FY2026 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power54

Median gross margin 34.9% over 10y, stable.

Returns on capital100

Median ROIC 20.7%, above the 9% hurdle in 100% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

818% above value

Owner earnings (normalized): $46.0M
Est. intrinsic value / share: $16.83
Recent price: $154.41
Discount to value: 818% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell BOOT. See the disclaimer.