Boot Barn HoldingsSTU:OBB +2.54%96 Gross Margin % is 36.33% as of Mar. 2026, which is 4% above its 10-year median of 34.92. GuruFocus rates STU:OBB with a GF Score™ of 96/100 and a GF Value™ of €151.42 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,109 Retail - Cyclical companies, Boot Barn Holdings ranks better than 53.74% on this metric.
The historical rank and industry rank for Boot Barn Holdings's Gross Margin % or its related term are showing as below:
STU:OBB'
s Gross Margin % Range Over the Past 10 Years
Min: 30.15 Med: 34.92 Max: 38.64
Current: 38.08
During the past 13 years, the highestGross Margin % of Boot Barn Holdings was 38.64%. The lowest was 30.15%. And the median was 34.92%.
STU:OBB's Gross Margin % is ranked better than 53.74% of 1109
companies
in the Retail - Cyclical industry
Industry Median: 36.26
vs STU:OBB: 38.08
Boot Barn Holdings had a gross margin of 36.33% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Boot Barn Holdings was 1.80% per year.
Boot Barn Holdings (STU:OBB) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Boot Barn Holdings had a gross margin of 36.33% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Boot Barn Holdings Gross Margin % Related Terms
Boot Barn Holdings Gross Margin % Historical Data
* Premium members only.
The historical data trend for Boot Barn Holdings's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:OBB vs URBN, ANF, VSXY: Gross Margin % Comparison
For the Apparel Retail subindustry, Boot Barn Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Boot Barn Holdings Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Boot Barn Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Boot Barn Holdings's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Boot Barn Holdings (STU:OBB) has a Gross Margin % of 36.33% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Boot Barn Holdings and its competitors. This is near median its historical median of 34.92. Over the past decade, Boot Barn Holdings' Gross Margin % has ranged from 30.15 to 38.64. According to the industry distribution chart, Boot Barn Holdings ranks #513 out of 1109 companies in the Retail - Cyclical industry, placing it in the top 46.3%.
Is Boot Barn Holdings' Gross Margin % too high?
Boot Barn Holdings' current Gross Margin % of 36.33% is near median its 10-year median of 34.92. Over the past 10 years, this metric has ranged from a low of 30.15 to a high of 38.64. The Retail - Cyclical industry median Gross Margin % is 36.26. Boot Barn Holdings' value of 36.33% is 0.2% above this industry median. Based on the distribution chart, Boot Barn Holdings ranks #513 out of 1109 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Boot Barn Holdings has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boot Barn Holdings' Gross Margin % compare to URBN and ANF?
According to the Retail - Cyclical industry distribution chart, Boot Barn Holdings ranks #513 out of 1109 companies for Gross Margin %. This puts Boot Barn Holdings in the upper half of its industry. The industry median Gross Margin % is 36.26. Boot Barn Holdings' value of 36.33% is 0.2% above this benchmark. Historically, Boot Barn Holdings' own Gross Margin % has ranged from 30.15 to 38.64 over the past decade. While the company's 10-year median is 34.92 vs. the industry median of 36.26, Boot Barn Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.26, based on 1,109 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boot Barn Holdings's current Gross Margin % of 36.33% is 0.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Boot Barn Holdings and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boot Barn Holdings's current Gross Margin % is 36.33%, which is near median its own 10-year median of 34.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boot Barn Holdings stock overvalued right now?
Based on GuruFocus' analysis, Boot Barn Holdings (STU:OBB) is currently considered Fairly Valued. The stock's GF Value™ is €151.42, compared to a current price of €141.05 — trading 6.8% below its estimated fair value. The current Gross Margin % is 36.33%, which is near median its 10-year median of 34.92 and 0.2% above the Retail - Cyclical industry median of 36.26. Boot Barn Holdings' overall GF Score™ is 96/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Boot Barn Holdings (STU:OBB), the current Gross Margin % is 36.33% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Boot Barn Holdings (STU:OBB) Overvalued in 2026?
Based on GuruFocus' analysis, Boot Barn Holdings stock appears to be undervalued.
The current stock price of €141.05 is trading 6.8% below its estimated GF Value™ of €151.42.
GuruFocus considers Boot Barn Holdings to be Fairly Valued.
Key valuation signals for STU:OBB:
Gross Margin %: 36.33% (near median its 10-year median of 34.92)
GF Value™: €151.42 vs. price of €141.05 (6.8% below fair value)
Industry Position: 0.2% above the Retail - Cyclical median (#513 of 1109)
No single metric tells the full story. See the STU:OBB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boot Barn Holdings Inc operates specialty retail stores that sell western and work boots and related apparel and accessories. The Company operates retail locations throughout the U.S. and sells its merchandise via the Internet. The Company operates a total of approximately 539 stores in 49 states. All stores operated under the Boot Barn name.
96GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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