Also trades as: 0HQ7.L (LSE) · $vol 0M

$42.90

+0.21 (+0.49%)

Weekly Expected Move ±3.2%

$40 $42 $43 $44 $46

NYSE · Consumer Cyclical · Apparel - Retail · Tech Score Neutral · Power 55 · $2.2B mcap · 31M float · 1.64% daily turnover · Short 67% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

56.2 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 33.7% · 5Y Avg: 46.3%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. BKE has a Narrow competitive edge (56.2/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Efficient Scale. ROIC of 33.7% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$51

Avg Target

$51

High

Based on 3 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 1Hold: 15Sell: 4Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$50.67

Analysts3

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-06-01	UBS	Mauricio Serna	$52	$47	-5	+7.6%	$43.69
2026-05-22	UBS	—	$53	$52	-1	+6.1%	$49.03
2026-03-16	UBS	Mauricio Serna	$54	$53	-1	+6.6%	$49.71
2025-08-25	UBS	—	$41	$54	+13	-3.4%	$55.90
2025-03-18	UBS	—	$46	$41	-5	+9.6%	$37.41
2024-11-12	UBS	Mauricio Serna	$32	$46	+14	+4.4%	$44.05
2024-05-28	UBS	Mauricio Serna	$34	$32	-2	-12.9%	$36.73
2024-03-18	UBS	Mauricio Serna	Initiated	$34	—	-8.4%	$37.12

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. BKE receives an overall rating of A-. Strongest factors: DCF (4/5), ROE (5/5), ROA (5/5), P/E (4/5). Areas of concern: D/E (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-10-01	B+	A-
2026-09-29	A-	B+
2026-09-04	B+	A-
2026-08-21	A-	B+
2026-08-17	B+	A-
2026-08-10	A-	B+
2026-06-01	B+	A-
2026-05-22	A-	B+
2026-05-20	B+	A-
2026-05-14	A-	B+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 68 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. BKE scores highest in Safety (100/100) and lowest in Growth (55/100). An overall grade of A places BKE among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

4.89

Safe Zone

Piotroski F-Score

6/9

✓ ✓ ✓ ✓ ✗ ✗ ✗ ✓ ✓

Beneish M-Score

-5.69

Unlikely Manipulator

Ohlson O-Score

-8.03

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 85.7/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 1.17x

Accruals: -3.5%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. BKE scores 4.89, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. BKE scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. BKE's score of -5.69 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. BKE's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. BKE receives an estimated rating of AA (score: 85.7/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). BKE's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

9.79x

PEG

1.13x

P/S

1.66x

P/B

4.44x

P/FCF

11.67x

P/OCF

8.66x

EV/EBITDA

7.63x

EV/Revenue

1.78x

EV/EBIT

8.33x

EV/FCF

12.37x

Earnings Yield

9.89%

FCF Yield

8.57%

Shareholder Yield

10.09%

Graham Number

$30.56

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 9.8x earnings, BKE trades at a deep value multiple. An earnings yield of 9.9% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $30.56 per share, 40% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.759

NI / EBT

Interest Burden

1.023

EBT / EBIT

EBIT Margin

0.214

EBIT / Rev

Asset Turnover

1.251

Rev / Assets

Equity Multiplier

2.200

Assets / Equity

ROE

45.8%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. BKE's ROE of 45.8% is driven by Asset Turnover (1.251), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

8.74%

Fair P/E

25.99x

Intrinsic Value

$112.51

Price/Value

0.39x

Margin of Safety

61.10%

Premium

-61.10%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with BKE's realized 8.7% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. BKE trades at a -61% premium to its adjusted intrinsic value of $112.51, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 26.0x compares to the current market P/E of 9.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$42.92

Median 1Y

$47.29

5th Pctile

$23.47

95th Pctile

$95.31

Ann. Volatility

43.3%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Dennis H. Nelson President and CEO	$1,300,000	$5,713,200	$11,706,282
Kari G. Smith Executive Vice President of Stores	$690,000	$942,678	$2,837,142
Brett P. Milkie Senior Vice President of Leasing	$670,000	$876,024	$2,657,293
Thomas B. Heacock Senior Vice President of Finance and CFO	$635,000	$876,024	$2,642,290
Michelle M. Hoffman Senior Vice President	$494,000	$666,540	$2,081,466

CEO Pay Ratio

Insufficient data for pay ratio.

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

8,000

0.0% YoY

Revenue / Employee

—

Profit / Employee

—

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	48.9%	71.8%	63.7%	58.1%	52.2%	73.9%	63.9%	57.6%	50.2%	55.7%	50.5%	45.9%	41.1%	46.7%	44.6%	43.1%	41.3%	49.4%	49.0%	45.8%	45.76%
ROA	25.0%	31.3%	29.7%	28.9%	26.7%	31.5%	29.6%	28.5%	25.3%	25.5%	24.1%	22.8%	20.9%	21.7%	20.8%	20.5%	20.1%	22.0%	21.9%	20.8%	20.80%
ROIC	69.5%	75.7%	68.4%	67.5%	1.3%	61.3%	55.0%	54.0%	50.8%	47.0%	42.3%	40.0%	37.7%	39.8%	35.1%	35.7%	35.7%	37.2%	36.3%	33.7%	33.73%
ROCE	41.1%	63.0%	58.9%	55.8%	51.2%	54.0%	48.4%	45.4%	40.4%	41.6%	38.6%	35.7%	33.0%	35.1%	31.9%	31.8%	31.2%	35.7%	35.2%	32.9%	32.92%
Gross Margin	50.4%	53.1%	49.2%	48.1%	49.8%	53.0%	47.1%	47.3%	48.5%	52.4%	46.0%	46.9%	47.7%	52.6%	46.7%	47.4%	48.0%	52.6%	46.2%	47.8%	47.85%
Operating Margin	25.7%	28.8%	23.6%	21.8%	23.9%	27.4%	19.0%	19.4%	21.1%	25.2%	16.2%	17.1%	18.6%	25.4%	16.0%	18.4%	19.0%	25.2%	20.6%	17.4%	17.45%
Net Margin	19.5%	22.0%	17.9%	16.6%	18.5%	21.9%	15.2%	15.6%	17.1%	20.8%	13.3%	13.9%	15.0%	20.4%	12.9%	14.7%	15.2%	20.3%	16.2%	13.9%	13.89%
EBITDA Margin	27.1%	30.0%	25.1%	23.3%	25.8%	28.7%	20.7%	21.1%	22.7%	28.6%	19.6%	19.1%	18.6%	27.1%	18.2%	21.5%	20.9%	29.8%	23.7%	17.4%	17.45%
FCF Margin	24.9%	22.6%	16.7%	16.8%	14.8%	15.8%	16.8%	16.9%	16.9%	17.2%	17.1%	17.0%	15.5%	16.4%	16.3%	16.8%	16.8%	15.9%	16.8%	14.4%	14.40%
OCF Margin	26.1%	24.1%	18.4%	18.7%	17.0%	18.0%	19.3%	19.4%	19.7%	20.2%	20.2%	20.4%	18.9%	19.9%	19.8%	20.3%	20.3%	19.4%	20.5%	19.4%	19.40%
ROE 3Y Avg	snapshot only																				44.10%
ROE 5Y Avg	snapshot only																				50.29%
ROA 3Y Avg	snapshot only																				20.54%
ROIC 3Y Avg	snapshot only																				31.51%
ROIC Economic	snapshot only																				23.79%
Cash ROA	snapshot only																				23.55%
Cash ROIC	snapshot only																				41.36%
CROIC	snapshot only																				30.70%
NOPAT Margin	snapshot only																				15.82%
Pretax Margin	snapshot only																				21.89%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				28.12%
SBC / Revenue	snapshot only																				0.62%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	5.65	5.41	4.55	4.50	6.12	7.01	5.68	6.30	6.09	7.78	8.16	8.79	9.89	12.02	9.14	12.28	13.48	11.48	12.73	10.11	9.795
P/S Ratio	1.08	1.06	0.88	0.86	1.16	1.33	1.04	1.14	1.08	1.36	1.39	1.47	1.60	1.93	1.46	1.98	2.17	1.86	2.14	1.68	1.664
P/B Ratio	2.54	4.40	3.25	2.91	3.52	4.75	3.39	3.43	2.93	4.14	3.98	3.94	4.01	5.55	4.02	5.20	5.44	5.67	6.14	4.57	4.441
P/FCF	4.35	4.71	5.27	5.15	7.81	8.42	6.21	6.78	6.41	7.87	8.14	8.65	10.37	11.77	8.94	11.76	12.91	11.70	12.76	11.67	11.669
P/OCF	4.15	4.42	4.80	4.63	6.80	7.37	5.41	5.89	5.50	6.72	6.88	7.21	8.49	9.71	7.37	9.75	10.70	9.59	10.46	8.66	8.661
EV/EBITDA	3.48	3.95	3.31	3.19	3.70	5.21	4.23	4.62	4.40	5.81	6.04	6.43	7.27	9.08	7.17	9.30	9.88	8.37	9.18	7.63	7.629
EV/Revenue	0.93	1.08	0.89	0.85	0.97	1.35	1.06	1.13	1.05	1.38	1.42	1.48	1.60	1.96	1.52	2.02	2.20	1.94	2.24	1.78	1.782
EV/EBIT	3.70	4.17	3.49	3.37	3.91	5.50	4.50	4.92	4.72	6.25	6.52	6.97	7.76	9.73	7.71	9.97	10.81	9.35	10.21	8.33	8.328
EV/FCF	3.74	4.78	5.33	5.06	6.56	8.57	6.30	6.71	6.19	7.99	8.29	8.74	10.36	11.94	9.33	12.03	13.07	12.24	13.31	12.37	12.371
Earnings Yield	17.7%	18.5%	22.0%	22.2%	16.3%	14.3%	17.6%	15.9%	16.4%	12.9%	12.3%	11.4%	10.1%	8.3%	10.9%	8.1%	7.4%	8.7%	7.9%	9.9%	9.89%
FCF Yield	23.0%	21.2%	19.0%	19.4%	12.8%	11.9%	16.1%	14.8%	15.6%	12.7%	12.3%	11.6%	9.6%	8.5%	11.2%	8.5%	7.7%	8.5%	7.8%	8.6%	8.57%
PEG Ratio	snapshot only																				1.128
Price/Tangible Book	snapshot only																				4.566
EV/OCF	snapshot only																				9.182
EV/Gross Profit	snapshot only																				3.639
Acquirers Multiple	snapshot only																				8.550
Shareholder Yield	snapshot only																				10.09%
Graham Number	snapshot only																				$30.56

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	2.50	1.57	1.82	2.01	2.11	1.87	2.10	2.31	2.35	2.01	2.18	2.28	2.37	2.05	2.09	2.15	2.21	1.89	2.04	2.08	2.083
Quick Ratio	2.08	1.16	1.28	1.42	1.47	1.32	1.43	1.62	1.65	1.44	1.54	1.64	1.67	1.49	1.48	1.53	1.53	1.30	1.39	1.39	1.386
Debt/Equity	0.56	0.92	0.78	0.68	0.18	0.81	0.74	0.65	0.61	0.76	0.75	0.72	0.67	0.77	0.83	0.79	0.73	0.90	0.90	0.86	0.862
Net Debt/Equity	-0.36	0.07	0.04	-0.05	-0.57	0.08	0.05	-0.03	-0.10	0.06	0.08	0.04	-0.00	0.08	0.17	0.12	0.07	0.26	0.26	0.27	0.274
Debt/Assets	0.29	0.37	0.35	0.33	0.09	0.36	0.35	0.33	0.31	0.35	0.36	0.35	0.33	0.36	0.38	0.37	0.35	0.39	0.39	0.38	0.385
Debt/EBITDA	0.89	0.81	0.79	0.76	0.23	0.87	0.91	0.89	0.94	1.06	1.11	1.16	1.21	1.24	1.42	1.38	1.32	1.28	1.28	1.36	1.358
Net Debt/EBITDA	-0.57	0.06	0.04	-0.06	-0.71	0.09	0.07	-0.04	-0.16	0.08	0.11	0.07	-0.00	0.14	0.30	0.21	0.12	0.36	0.38	0.43	0.433
Interest Coverage	—	—	—	—	—	—	—	—	—	88.53	86.11	83.41	80.35	—	—	—	—	—	—	—	—
Equity Multiplier	1.89	2.50	2.23	2.08	2.03	2.23	2.10	1.97	1.94	2.15	2.09	2.05	2.00	2.15	2.19	2.16	2.11	2.33	2.29	2.24	2.239
Cash Ratio	snapshot only																				1.241
Cash to Debt	snapshot only																				0.682
FCF to Debt	snapshot only																				0.454
Defensive Interval	snapshot only																				290.3 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	1.30	1.59	1.53	1.51	1.41	1.66	1.61	1.57	1.42	1.46	1.41	1.37	1.29	1.35	1.30	1.27	1.24	1.36	1.30	1.25	1.251
Inventory Turnover	5.64	6.32	6.16	5.81	5.21	5.89	5.11	4.98	4.26	5.11	4.73	4.71	4.16	5.06	4.78	4.67	4.14	5.09	4.76	4.46	4.463
Receivables Turnover	333.47	173.66	428.84	133.26	122.04	108.77	244.93	115.42	96.95	118.16	198.60	141.68	133.85	157.58	174.51	162.40	158.52	146.33	172.86	150.63	150.627
Payables Turnover	10.21	12.42	11.26	9.94	9.58	12.77	11.12	11.24	9.44	14.14	11.27	10.76	9.58	13.59	10.66	9.44	8.75	14.13	10.87	9.30	9.301
DSO	1	2	1	3	3	3	1	3	4	3	2	3	3	2	2	2	2	2	2	2	2.4 days
DIO	65	58	59	63	70	62	71	73	86	71	77	77	88	72	76	78	88	72	77	82	81.8 days
DPO	36	29	32	37	38	29	33	32	39	26	32	34	38	27	34	39	42	26	34	39	39.2 days
Cash Conversion Cycle	30	30	28	29	35	37	40	44	51	49	47	46	52	48	44	42	49	48	45	45	45.0 days
Fixed Asset Turnover	snapshot only																				1.424
Operating Cycle	snapshot only																				84.2 days
Cash Velocity	snapshot only																				4.626
Capital Intensity	snapshot only																				0.824

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	44.4%	43.6%	20.2%	12.7%	7.4%	3.9%	1.1%	-0.2%	-3.3%	-6.3%	-5.9%	-6.0%	-4.7%	-3.4%	-1.1%	1.6%	4.7%	6.6%	7.1%	6.2%	6.22%
Net Income	1.1%	95.8%	26.9%	16.5%	6.0%	-0.1%	-4.2%	-5.5%	-9.0%	-13.6%	-12.6%	-13.6%	-13.3%	-11.1%	-7.6%	-1.9%	4.2%	7.3%	13.1%	9.6%	9.56%
EPS	1.1%	94.6%	26.4%	16.0%	5.5%	-0.7%	-4.8%	-6.1%	-9.6%	-14.1%	-13.1%	-14.2%	-13.9%	-11.8%	-8.2%	-2.7%	3.3%	6.5%	12.1%	8.7%	8.74%
FCF	65.2%	33.2%	-35.7%	-27.0%	-36.0%	-27.6%	1.6%	0.5%	10.3%	2.5%	-4.1%	-5.5%	-12.9%	-8.1%	-5.7%	0.8%	14.1%	3.0%	10.3%	-9.1%	-9.12%
EBITDA	1.0%	87.5%	25.3%	15.5%	5.5%	-1.5%	-6.0%	-7.9%	-12.4%	-14.4%	-11.6%	-11.7%	-11.6%	-12.1%	-10.7%	-4.1%	5.8%	14.6%	22.9%	13.9%	13.95%
Op. Income	1.2%	99.7%	28.0%	17.1%	5.6%	-2.2%	-7.2%	-9.3%	-13.2%	-17.4%	-15.9%	-16.2%	-15.1%	-11.0%	-6.6%	-0.3%	6.4%	8.3%	14.4%	10.5%	10.46%
OCF Growth	snapshot only																				1.51%
Asset Growth	snapshot only																				6.42%
Equity Growth	snapshot only																				2.69%
Debt Growth	snapshot only																				12.13%
Shares Change	snapshot only																				0.75%
Dividend Growth	snapshot only																				12.80%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	11.0%	13.5%	13.9%	14.0%	14.0%	14.3%	17.4%	16.6%	14.5%	11.8%	4.6%	1.9%	-0.3%	-2.0%	-2.0%	-1.6%	-1.2%	-1.2%	-0.1%	0.5%	0.48%
Revenue 5Y	3.7%	5.8%	6.7%	7.2%	7.7%	8.1%	7.8%	7.5%	7.3%	7.3%	7.1%	6.8%	6.4%	6.2%	8.5%	8.6%	8.4%	7.6%	3.9%	2.7%	2.68%
EPS 3Y	34.1%	37.9%	39.1%	38.6%	35.8%	33.8%	45.3%	34.5%	26.1%	18.4%	1.5%	-2.2%	-6.4%	-9.1%	-8.8%	-7.8%	-7.0%	-6.9%	-3.7%	-3.2%	-3.16%
EPS 5Y	14.7%	20.5%	22.0%	23.0%	23.9%	22.5%	20.8%	19.3%	18.1%	17.4%	17.4%	16.5%	14.3%	12.6%	19.6%	15.2%	12.3%	9.3%	1.5%	-0.2%	-0.21%
Net Income 3Y	34.8%	38.6%	39.9%	39.3%	36.5%	34.6%	46.2%	35.4%	27.0%	19.1%	2.1%	-1.6%	-5.8%	-8.5%	-8.2%	-7.1%	-6.3%	-6.3%	-3.0%	-2.4%	-2.44%
Net Income 5Y	15.3%	21.1%	22.6%	23.6%	24.5%	23.2%	21.4%	19.9%	18.8%	18.1%	18.1%	17.2%	14.9%	13.4%	20.4%	16.0%	13.1%	10.0%	2.1%	0.5%	0.45%
EBITDA 3Y	27.7%	33.8%	35.1%	35.2%	33.1%	31.0%	40.2%	30.4%	22.7%	16.5%	1.4%	-2.0%	-6.5%	-9.5%	-9.5%	-7.9%	-6.4%	-4.8%	-1.0%	-1.2%	-1.16%
EBITDA 5Y	9.1%	13.8%	15.1%	15.9%	16.7%	16.2%	15.3%	14.4%	14.0%	15.1%	15.4%	15.0%	12.8%	11.1%	16.8%	13.4%	11.6%	9.8%	2.7%	0.5%	0.54%
Gross Profit 3Y	17.6%	21.3%	21.9%	22.1%	21.6%	21.4%	26.1%	23.8%	20.0%	15.6%	5.2%	1.8%	-1.1%	-3.2%	-3.1%	-2.6%	-2.0%	-2.0%	-0.8%	0.0%	0.01%
Gross Profit 5Y	7.5%	10.5%	11.4%	11.8%	12.3%	12.2%	11.7%	11.2%	10.8%	11.1%	10.8%	10.6%	9.9%	9.4%	12.8%	12.3%	11.3%	9.7%	4.3%	2.7%	2.67%
Op. Income 3Y	33.5%	40.5%	41.9%	41.8%	38.7%	35.6%	47.3%	34.8%	25.7%	17.3%	-0.0%	-3.8%	-8.0%	-10.4%	-10.0%	-8.8%	-7.8%	-7.3%	-3.5%	-2.6%	-2.63%
Op. Income 5Y	11.4%	17.0%	18.7%	19.7%	20.5%	19.6%	18.5%	17.3%	16.9%	17.5%	17.4%	16.7%	14.5%	12.9%	20.2%	15.4%	12.4%	9.2%	1.3%	-0.4%	-0.40%
FCF 3Y	45.6%	43.7%	25.8%	27.8%	18.8%	19.8%	49.6%	17.1%	5.3%	-0.4%	-14.4%	-11.5%	-15.0%	-12.0%	-2.8%	-1.5%	3.1%	-1.0%	-0.1%	-4.7%	-4.70%
FCF 5Y	17.1%	20.1%	9.7%	14.5%	9.0%	14.8%	17.8%	15.2%	16.9%	17.1%	14.1%	14.7%	10.0%	10.1%	24.8%	8.9%	3.0%	-1.3%	-8.2%	-8.7%	-8.68%
OCF 3Y	43.2%	42.1%	26.4%	29.2%	21.8%	22.9%	51.5%	20.8%	9.6%	3.8%	-10.4%	-7.3%	-10.6%	-8.1%	0.5%	1.2%	4.8%	1.2%	2.0%	0.4%	0.44%
OCF 5Y	13.7%	15.9%	7.8%	12.9%	9.5%	15.2%	18.1%	15.9%	18.2%	18.6%	16.2%	17.2%	13.0%	13.1%	27.2%	12.0%	6.2%	2.0%	-5.1%	-3.9%	-3.91%
Assets 3Y	21.1%	14.0%	-3.6%	-2.5%	-0.5%	-1.2%	1.9%	0.2%	0.9%	1.7%	-0.4%	0.3%	-0.6%	5.4%	7.4%	8.3%	6.8%	5.8%	7.3%	8.3%	8.31%
Assets 5Y	11.3%	6.1%	6.2%	7.1%	8.5%	9.3%	9.5%	9.6%	10.5%	11.0%	0.6%	1.5%	1.7%	1.0%	4.0%	3.7%	3.7%	3.2%	2.7%	3.3%	3.26%
Equity 3Y	8.4%	-7.4%	-3.9%	-1.2%	1.4%	-1.1%	2.3%	1.8%	2.3%	1.4%	-0.5%	-1.3%	-2.4%	10.6%	8.0%	7.0%	5.4%	4.1%	4.2%	3.9%	3.85%
Book Value 3Y	7.8%	-7.9%	-4.4%	-1.7%	0.9%	-1.7%	1.7%	1.1%	1.7%	0.8%	-1.1%	-1.9%	-3.0%	9.9%	7.3%	6.2%	4.7%	3.4%	3.5%	3.1%	3.08%
Dividend 3Y	20.9%	38.6%	33.3%	28.8%	28.5%	-17.0%	-17.0%	-17.1%	-17.2%	-1.6%	-1.6%	-1.6%	-1.6%	-0.5%	-0.5%	-0.5%	-0.5%	3.6%	3.6%	3.6%	3.58%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.07	0.25	0.44	0.52	0.59	0.65	0.73	0.72	0.71	0.70	0.76	0.70	0.58	0.45	0.49	0.52	0.54	0.51	0.51	0.52	0.516
Earnings Stability	0.42	0.60	0.66	0.74	0.79	0.82	0.80	0.81	0.78	0.73	0.65	0.60	0.48	0.37	0.28	0.22	0.13	0.05	0.04	0.19	0.192
Margin Stability	0.92	0.91	0.89	0.89	0.90	0.90	0.90	0.91	0.91	0.91	0.92	0.92	0.92	0.93	0.91	0.92	0.94	0.95	0.99	0.99	0.993
Rev. Growth Consistency	0.50	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.500
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.50	0.89	0.93	0.98	1.00	0.98	0.98	0.96	0.95	0.95	0.95	0.95	0.96	0.97	0.99	0.98	0.97	0.95	0.96	0.962
Earnings Smoothness	0.28	0.35	0.76	0.85	0.94	1.00	0.96	0.94	0.91	0.85	0.87	0.85	0.86	0.88	0.92	0.98	0.96	0.93	0.88	0.91	0.909
ROE Trend	0.21	0.52	0.39	0.30	0.22	0.11	0.01	-0.00	-0.03	-0.21	-0.17	-0.15	-0.12	-0.14	-0.10	-0.07	-0.04	-0.00	0.02	0.02	0.016
Gross Margin Trend	0.08	0.07	0.06	0.05	0.04	0.03	0.01	-0.00	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.00	-0.00	0.00	0.00	0.00	0.001
FCF Margin Trend	0.07	0.04	-0.03	-0.04	-0.08	-0.08	-0.07	-0.04	-0.03	-0.02	0.00	0.00	-0.00	-0.00	-0.01	-0.00	0.01	-0.01	0.00	-0.03	-0.025
Sustainable Growth Rate	15.2%	-26.2%	-24.2%	-22.7%	-20.9%	15.0%	10.4%	8.4%	5.5%	5.9%	3.6%	1.9%	0.2%	-0.6%	-0.5%	0.7%	1.5%	-3.6%	-0.8%	-0.9%	-0.93%
Internal Growth Rate	8.4%	—	—	—	—	6.8%	5.0%	4.3%	2.8%	2.8%	1.7%	0.9%	0.1%	—	—	0.3%	0.8%	—	—	—	—

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.36	1.22	0.95	0.97	0.90	0.95	1.05	1.07	1.11	1.16	1.19	1.22	1.17	1.24	1.24	1.26	1.26	1.20	1.22	1.17	1.167
FCF/OCF	0.95	0.94	0.91	0.90	0.87	0.87	0.87	0.87	0.86	0.85	0.85	0.83	0.82	0.83	0.82	0.83	0.83	0.82	0.82	0.74	0.742
FCF/Net Income	snapshot only																				0.866
OCF/EBITDA	snapshot only																				0.831
CapEx/Revenue	1.2%	1.5%	1.7%	1.9%	2.2%	2.3%	2.5%	2.5%	2.8%	3.0%	3.1%	3.4%	3.4%	3.5%	3.5%	3.5%	3.5%	3.5%	3.7%	5.0%	5.00%
CapEx/Depreciation	snapshot only																				2.554
Accruals Ratio	-0.09	-0.07	0.02	0.01	0.03	0.02	-0.01	-0.02	-0.03	-0.04	-0.04	-0.05	-0.03	-0.05	-0.05	-0.05	-0.05	-0.04	-0.05	-0.03	-0.035
Sloan Accruals	snapshot only																				-0.037
Cash Flow Adequacy	snapshot only																				0.883
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	12.2%	25.2%	30.4%	30.9%	22.9%	11.4%	14.8%	13.6%	14.6%	11.5%	11.4%	10.9%	10.1%	8.4%	11.1%	8.0%	7.1%	9.3%	8.0%	10.1%	10.26%
Dividend/Share	$3.30	$7.02	$7.04	$7.07	$7.08	$4.07	$4.07	$4.07	$4.07	$3.92	$3.92	$3.92	$3.92	$3.92	$3.92	$3.92	$3.91	$4.42	$4.42	$4.42	$4.40
Payout Ratio	68.9%	1.4%	1.4%	1.4%	1.4%	79.7%	83.8%	85.4%	89.1%	89.5%	92.9%	95.9%	99.6%	1.0%	1.0%	98.4%	96.3%	1.1%	1.0%	1.0%	1.02%
FCF Payout Ratio	53.1%	1.2%	1.6%	1.6%	1.8%	95.7%	91.6%	91.9%	93.8%	90.5%	92.7%	94.3%	1.0%	99.1%	98.9%	94.2%	92.2%	1.1%	1.0%	1.2%	1.18%
Total Payout Ratio	68.9%	1.4%	1.4%	1.4%	1.4%	79.7%	83.8%	85.4%	89.1%	89.5%	92.9%	95.9%	99.6%	1.0%	1.0%	98.4%	96.3%	1.1%	1.0%	1.0%	1.02%
Div. Increase Streak	0	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	0
Chowder Number	0.92	1.96	1.71	1.48	1.38	-0.30	-0.27	-0.28	-0.27	0.08	0.08	0.08	0.07	0.09	0.12	0.09	0.08	0.23	0.22	0.24	0.237
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Shareholder Return	12.2%	25.2%	30.4%	30.9%	22.9%	11.4%	14.8%	13.6%	14.6%	11.5%	11.4%	10.9%	10.1%	8.4%	11.1%	8.0%	7.1%	9.3%	8.0%	10.1%	10.09%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.76	0.75	0.75	0.75	0.75	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.759
Interest Burden (EBT/EBIT)	1.00	1.01	1.01	1.01	1.01	1.02	1.03	1.04	1.05	1.04	1.03	1.03	1.03	1.05	1.06	1.05	1.04	1.02	1.01	1.02	1.023
EBIT Margin	0.25	0.26	0.26	0.25	0.25	0.25	0.24	0.23	0.22	0.22	0.22	0.21	0.21	0.20	0.20	0.20	0.20	0.21	0.22	0.21	0.214
Asset Turnover	1.30	1.59	1.53	1.51	1.41	1.66	1.61	1.57	1.42	1.46	1.41	1.37	1.29	1.35	1.30	1.27	1.24	1.36	1.30	1.25	1.251
Equity Multiplier	1.95	2.29	2.15	2.01	1.95	2.35	2.16	2.02	1.98	2.19	2.09	2.01	1.97	2.15	2.14	2.11	2.06	2.24	2.24	2.20	2.200

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$4.79	$5.14	$5.10	$5.08	$5.05	$5.11	$4.86	$4.77	$4.57	$4.39	$4.22	$4.09	$3.93	$3.87	$3.87	$3.98	$4.06	$4.12	$4.34	$4.33	$4.33
Book Value/Share	$10.65	$6.32	$7.14	$7.85	$8.78	$7.55	$8.13	$8.75	$9.49	$8.24	$8.65	$9.13	$9.71	$8.38	$8.81	$9.41	$10.07	$8.34	$9.00	$9.59	$9.66
Tangible Book/Share	$10.65	$6.51	$7.14	$7.85	$8.78	$7.55	$8.13	$8.75	$9.49	$8.24	$8.65	$9.13	$9.71	$8.38	$8.81	$9.41	$10.07	$8.34	$9.00	$9.59	$9.59
Revenue/Share	$24.97	$26.14	$26.34	$26.47	$26.70	$26.98	$26.45	$26.25	$25.64	$25.15	$24.73	$24.51	$24.27	$24.09	$24.28	$24.70	$25.20	$25.49	$25.78	$26.05	$26.25
FCF/Share	$6.22	$5.91	$4.40	$4.44	$3.96	$4.25	$4.44	$4.43	$4.34	$4.33	$4.23	$4.16	$3.75	$3.95	$3.96	$4.16	$4.25	$4.04	$4.33	$3.75	$3.78
OCF/Share	$6.53	$6.29	$4.84	$4.94	$4.55	$4.86	$5.10	$5.10	$5.06	$5.08	$5.01	$4.99	$4.58	$4.79	$4.81	$5.02	$5.12	$4.93	$5.28	$5.05	$5.09
Cash/Share	$9.72	$5.39	$5.31	$5.74	$6.55	$5.48	$5.57	$6.00	$6.71	$5.79	$5.79	$6.16	$6.47	$5.75	$5.77	$6.32	$6.71	$5.38	$5.69	$5.63	$5.67
EBITDA/Share	$6.68	$7.15	$7.09	$7.04	$7.01	$7.00	$6.62	$6.44	$6.10	$5.96	$5.81	$5.65	$5.35	$5.19	$5.15	$5.38	$5.62	$5.91	$6.28	$6.08	$6.08
Debt/Share	$5.94	$5.82	$5.58	$5.34	$1.59	$6.09	$6.00	$5.72	$5.76	$6.29	$6.45	$6.53	$6.46	$6.45	$7.31	$7.42	$7.39	$7.54	$8.06	$8.26	$8.26
Net Debt/Share	$-3.79	$0.43	$0.27	$-0.40	$-4.96	$0.62	$0.43	$-0.28	$-0.96	$0.50	$0.67	$0.38	$-0.01	$0.70	$1.54	$1.10	$0.69	$2.15	$2.37	$2.63	$2.63

Per Employee

Metric	Q3'21	Current
Employee Count	snapshot only	8,000
Revenue/Employee	snapshot only	$166066.00
Income/Employee	snapshot only	$27604.62
EBITDA/Employee	snapshot only	$38777.88
FCF/Employee	snapshot only	$23915.38
Assets/Employee	snapshot only	$136838.38
Market Cap/Employee	snapshot only	$279072.05

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.886
Altman Z-Prime	snapshot only																				7.884
Piotroski F-Score	8	6	4	5	5	5	4	4	4	5	4	3	4	5	4	4	4	5	5	6	6
Beneish M-Score	-1.22	-0.26	-0.91	-1.56	-0.70	-2.38	-2.08	-2.79	-2.93	-2.90	-2.65	-2.86	-2.80	-2.90	-2.46	-2.70	-2.65	-2.11	-6.16	-5.69	-5.687
Ohlson O-Score	snapshot only																				-8.026
ROIC (Greenblatt)	snapshot only																				24.01%
Net-Net WC	snapshot only																				$-2.42
EVA	snapshot only																				$147890371.17

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA
Credit Score	91.49	91.02	91.62	91.81	94.45	90.22	90.64	90.49	90.57	91.31	91.39	91.56	91.41	89.56	88.81	88.59	89.89	88.73	88.78	85.68	85.680
Credit Grade	snapshot only																				3
Credit Trend	snapshot only																				-2.909
Implied Spread (bps)	snapshot only																				80.000
Industry Credit Rank	snapshot only																				73
Sector Credit Rank	snapshot only																				81

BKE NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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