Bath & Body Works, Inc.

BBWINYSEConsumer Cyclical● Active

$17.43

$-0.31(-1.75%)

Market Cap$3.5B

P/E Ratio—

52W High$33.96

52W Low$14.28

Avg Volume6.2M

Open$17.80

Beta1.39

Free Cash Flow Financials Revenue

Bath & Body Works, Inc. (BBWI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BBWI · free cash flow · updated Jun 8, 2026

Core FCF metrics

BBWI · FCF · TTM · margin & CAGR

Free cash flow was $865.0M for FY2026 (fiscal year ending 2026-01-31), up 31.1% year-over-year The FCF margin was 11.9%. Five-year CAGR stands at -13.7%.

FY2026 Free Cash Flow$865.0M▲ +31.1% YoY

Trailing 12M (TTM)$909.0Mtrailing 4 quarters sum

FCF Margin11.9%$865.0M ÷ revenue

3-Year CAGR+2.0%FY2023 → FY2026

5-Year CAGR-13.7%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BBWI · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$1.10B(237M)$865.0M▲ +31.1%11.9%

FY2025$886.0M(226M)$660.0M▲ +0.6%9.0%

FY2024$954.0M(298M)$656.0M▼ 19.6%8.8%

FY2023$1.14B(328M)$816.0M▼ 33.2%10.8%

FY2022$1.49B(270M)$1.22B▼ 32.5%15.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BBWI · P/FCF · FCF yield · FCF per share

Bath & Body Works, Inc. (BBWI) trades at a FCF yield of 25.87% and a price-to-free-cash-flow ratio of 4.1x. FCF per share stands at $4.30, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

25.87%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.30

TTM FCF ÷ Shares Outstanding

Price / FCF

x4.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-31

Cash flow statement summary

BBWI · cash flow statement · operating / investing / financing

For FY2026, Bath & Body Works, Inc. generated $1.10B in operating cash flow and spent 237M in capital expenditures, yielding $865.0M in free cash flow.

Operating Activities

+$1.10B

Cash from core business operations

2026-01-31

Investing Activities

−$227.0M

CapEx, acquisitions & investments

2026-01-31

Financing Activities

−$599.0M

Buybacks, dividends & debt

2026-01-31

FCF FormulaOperating CF ($1.10B) − |CapEx| (237M) = FCF ($865.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

BBWI vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Bath & Body Works, Inc.YOU

BBWI

$865.0M+31.1%11.9%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Bath & Body Works, Inc. (BBWI) reported free cash flow of $865.0M for FY2026 (fiscal year ending 2026-01-31), up 31.1% year-over-year. The FCF margin was 11.9%.

Based on available data, Bath & Body Works, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.81B in FY2021. The 5-year CAGR stands at -13.7%.

Bath & Body Works, Inc.'s FCF yield is 25.87% and price-to-FCF ratio is 4.1x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BBWI free cash flow · 8 questions

Bath & Body Works, Inc. free cash flow was $865.0M for FY2026, up 31.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $909.0M.

BBWI free cash flowBBWI FCFBBWI FCF 2026BBWI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Bath & Body Works, Inc. · Bath & Body Works, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026