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Data as of Q2 2026
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Ranked against 17 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TJX | $152.6B | 28.5× | — | 2.5× | 7.1% | 31.0% | 9.1% | 53.9% | 42.1% | — | 2,651 |
| ROST | $71.0B | 33.6× | 21.1× | 3.1× | 7.7% | 27.7% | 9.4% | 34.7% | 27.8% | -1.0× | 1,360 |
| GAP | $8.2B | 10.9× | 4.4× | 0.5× | 1.9% | 40.8% | 5.3% | 21.5% | 15.4% | -0.7× | 476 |
| URBN | $7.0B | 16.2× | 9.0× | 1.1× | 11.1% | 36.0% | 7.5% | 16.5% | 16.5% | -0.5× | 405 |
| VSXY | $6.6B | 42.9× | 13.9× | 1.0× | 5.2% | 36.4% | 2.5% | 18.8% | 8.8% | 0.9× | — |
| ANF | $6.1B | 13.6× | 6.2× | 1.1× | 6.4% | — | 9.6% | 36.1% | 36.1% | -0.9× | 407 |
| BOOT | $3.6B | 16.3× | 9.2× | 1.6× | 17.9% | 38.1% | 10.0% | 17.1% | 17.1% | -0.4× | 433 |
| AEO | $3.0B | 16.7× | 6.3× | 0.6× | 4.1% | 36.5% | 3.5% | 11.3% | 11.3% | -0.5× | 336 |
| BKE | $2.3B | 10.7× | 7.9× | 1.8× | 6.6% | 49.0% | 16.2% | 49.4% | 49.4% | 0.0× | 286 |
| CTRN | $430M | 81.8× | 19.3× | 0.5× | 8.9% | — | 0.6% | 4.5% | 4.5% | 0.0× | 143 |
| GCO | $395M | 29.2× | 4.2× | 0.2× | 4.8% | 46.3% | 0.5% | 2.3% | 2.3% | -1.4× | 138 |
| SHOE | $347M | 6.7× | 2.3× | 0.3× | -5.6% | 36.6% | 4.6% | 7.6% | 7.6% | -1.2× | — |
| LE | $310M | 58.3× | 7.0× | 0.3× | 0.7% | 55.9% | 0.5% | 2.3% | 1.2% | 2.8× | 125 |
| DBI | $291M | — | 6.3× | 0.1× | -3.9% | 43.6% | -0.3% | -3.0% | -1.2% | 3.6× | 133 |
| CURV | $253M | — | 8.8× | 0.3× | -9.4% | 34.8% | -0.7% | 3.3% | -11.9% | 4.4× | 92 |
| ZUMZ | $222M | 18.6× | 2.5× | 0.2× | 4.5% | 35.8% | 1.4% | 4.1% | 4.1% | -3.4× | 123 |
| DLTH | $148M | — | 11.2× | 0.3× | -9.8% | 53.4% | -2.9% | -9.7% | -9.7% | -1.4× | 58 |
| VNCE | $144M | 22.6× | 13.4× | 0.5× | 2.2% | 49.7% | 2.1% | 12.7% | 9.2% | 1.6× | 35 |
Peers = companies sharing DBI's sector (Retail-Shoe Stores) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2025, FY2026, FY2026). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $5.81 today, the market must believe free cash flow compounds -1.3%/yr for a decade (off $72.3M on the 3-yr avg basis).
On the basis ($50.0M) the requirement is 4.0%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's -1.3% is more optimistic than its 9-yr track record.
Default is 10.9% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.05B shares (market data) · net debt $384.1M
mean -25.0% · volatility σ 113% · implied rate exceeded in 4/8 yrs
Central path = implied -1.3%/yr growth; shaded band = ±1σ (113%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 12% of free cash flow, leaving room to grow it and fund buybacks. Last year: $9.7M dividends + $0 buybacks = $9.7M returned on $78.3M FCF.
1 consecutive years of dividend increases · -14%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -1%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-12
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2021 | FY2020 | FY2019 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.89B 100.0% | $3.01B 100.0% | $3.07B 100.0% | $3.32B 100.0% | $3.20B 100.0% | $2.23B 100.0% | $3.49B 100.0% | $3.18B 100.0% | $2.81B 100.0% | $2.72B 100.0% |
| Cost of Revenue | — | — | — | — | — | — | — | — | $2.01B 71.7% | $1.94B 71.4% |
| Cost of Products | — | — | — | — | — | — | — | — | $2.01B 71.7% | $1.94B 71.4% |
| Gross Profit | $1.26B 43.6% | $1.29B 42.7% | $1.32B 43.1% | $1.45B 43.9% | $1.07B 33.4% | $311.2M 13.9% | $999.7M 28.6% | $938.7M 29.5% | $799.1M 28.5% | $779.9M 28.7% |
| Selling, General & Admin | $1.22B 42.1% | $1.25B 41.4% | $1.26B 40.9% | $1.27B 38.4% | $870.7M 27.2% | $753.3M 33.7% | $874.7M 25.0% | $820.2M 25.8% | $617.4M 22.0% | $605.0M 22.3% |
| Operating Income | $47.8M 1.7% | $34.9M 1.2% | $72.4M 2.4% | $187.4M 5.7% | $205.2M 6.4% | -$586.3M -26.2% | $127.3M 3.6% | $59.0M 1.9% | $125.1M 4.5% | $200.0M 7.4% |
| Interest Expense | — | $46.4M 1.5% | $33.0M 1.1% | $15.1M 0.5% | $32.2M 1.0% | $24.0M 1.1% | $8.9M 0.3% | $2.4M 0.1% | $488K 0.0% | $238K 0.0% |
| Interest & Investment Income | — | $1.1M 0.0% | $822K 0.0% | $225K 0.0% | $69K 0.0% | $338K 0.0% | $1.6M 0.0% | $3.7M 0.1% | $3.3M 0.1% | $2.4M 0.1% |
| Other Income (Expense), net | -$192K -0.0% | -$372K -0.0% | -$33K -0.0% | -$130K -0.0% | -$67K -0.0% | $1.4M 0.1% | -$170K -0.0% | -$49.6M -1.6% | -$1.9M -0.1% | $338K 0.0% |
| Pretax Income | $2.2M 0.1% | -$10.7M -0.4% | $40.2M 1.3% | $159.5M 4.8% | $173.0M 5.4% | -$608.6M -27.2% | $119.8M 3.4% | $10.7M 0.3% | $126.0M 4.5% | $202.5M 7.4% |
| Income Tax Expense | $7.0M 0.2% | -$755K -0.0% | $11.0M 0.4% | -$3.1M -0.1% | $18.5M 0.6% | -$119.9M -5.4% | $25.3M 0.7% | $29.8M 0.9% | $59.6M 2.1% | $78.8M 2.9% |
| Net Income | -$8.4M -0.3% | -$10.5M -0.4% | $29.1M 0.9% | $162.7M 4.9% | $154.5M 4.8% | -$488.7M -21.9% | $94.5M 2.7% | -$20.5M -0.6% | $67.5M 2.4% | $124.4M 4.6% |
| Per Share | ||||||||||
| EPS (Basic) | -$0.17 | -$0.20 | $0.47 | $2.41 | $2.12 | -$6.77 | $1.28 | -$0.26 | $0.84 | $1.53 |
| EPS (Diluted) | -$0.17 | -$0.20 | $0.46 | $2.26 | $2.00 | -$6.77 | $1.27 | -$0.26 | $0.84 | $1.51 |
| Weighted Avg Shares (Basic) | 49.1M | 53.7M | 61.3M | 67.6M | 73.0M | 72.2M | 73.6M | 80.0M | 80.2M | 81.5M |
| Weighted Avg Shares (Diluted) | 49.1M | 53.7M | 63.4M | 72.1M | 77.3M | 72.2M | 74.6M | 80.0M | 80.7M | 82.1M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $44.8M covers the $6.8M due within a year 6.6× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-02-01 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~9.5% on $491.0M of debt. Interest last disclosed in FY2026 (no longer broken out).
Cash of $50.9M fully covers short-term debt of $6.8M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-12
Earns -8.73pts against its cost of capital — capital is being consumed, not created.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2017 | 28.7% | 7.4% | 4.6% |
| FY2019 | 28.5% | 4.5% | 2.4% |
| FY2020 | 29.5% | 1.9% | -0.6% |
| FY2021 | 28.6% | 3.6% | 2.7% |
| FY2021 | 13.9% | -26.2% | -21.9% |
| FY2022 | 33.4% | 6.4% | 4.8% |
| FY2023 | 43.9% | 5.7% | 4.9% |
| FY2025 | 43.1% | 2.4% | 0.9% |
| FY2026 | 42.7% | 1.2% | -0.4% |
| FY2026 | 43.6% | 1.7% | -0.3% |
Net margin is -28.95% against 490.66% 3 years ago — a step down the business has not recovered, whatever the spread says today.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE -3% against ROIC -1% — -2% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2021 | FY2021 | FY2022 | FY2023 | FY2025 | FY2026 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Gross Profit | 29.5 | 28.6 | 13.9 | 33.4 | 43.9 | 43.1 | 42.7 | 43.6 |
| SG&A | 25.8 | 25.0 | 33.7 | 27.2 | 38.4 | 40.9 | 41.4 | 42.1 |
| Operating Income | 1.9 | 3.6 | -26.2 | 6.4 | 5.7 | 2.4 | 1.2 | 1.7 |
| Income Tax | 0.9 | 0.7 | -5.4 | 0.6 | -0.1 | 0.4 | -0.0 | 0.2 |
| Net Income | -0.6 | 2.7 | -21.9 | 4.8 | 4.9 | 0.9 | -0.4 | -0.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on DBI: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Return on equity (-3%) and return on invested capital (-1%) are within a couple of points in FY2026, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$131M of goodwill — 8% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2021 | 4.6% | 10.9% (today's — no rate published for this year) | -6.3pts |
| FY2021 | -33.1% | 10.9% (today's — no rate published for this year) | -44.0pts |
| FY2022 | 10.1% | 4.6% | 5.5pts |
| FY2023 | 8.5% | 4.5% | 4.1pts |
| FY2025 | 3.2% | 7.5% | -4.3pts |
| FY2026 | 1.6% | 10.9% (today's — no rate published for this year) | -9.3pts |
| FY2026 | 2.2% | 10.9% (today's — no rate published for this year) | -8.7pts |
| Now | -1.2% | 10.9% | -12.1pts |
Converts 1.69x of reported profit into free cash flow over 4 years, with accruals negative.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$8M | −$8M |
| Share-based comp | $19M | $11M |
| Other non-cash & working capital | $99M | $110M |
| Operating cash flow | $110M | $110M |
| Capex | −$32M | $78M |
| Free cash flow | $78M | $78M |
| FCF after SBC | $59M | $59M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2021 | -36.0% | 119.9% | 155.9 points |
| FY2022 | 43.0% | 1.9% | -41.1 points |
| FY2023 | 3.7% | -61.1% | -64.8 points |
| FY2025 | -7.3% | 7.5% | 14.7 points |
| FY2026 | -2.1% | -39.7% | -37.6 points |
| FY2026 | -3.9% | 22.5% | 26.4 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2021 | 9.3 days | not reported | not reported | not reported |
| FY2021 | 32 days | not reported | not reported | not reported |
| FY2022 | 22.8 days | not reported | not reported | not reported |
| FY2023 | 8.6 days | not reported | not reported | not reported |
| FY2025 | 9.9 days | not reported | not reported | not reported |
| FY2026 | 6.1 days | not reported | not reported | not reported |
| FY2026 | 7.8 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2021 | -4.2 percent |
| FY2021 | -16.9 percent |
| FY2022 | -0.8 percent |
| FY2023 | -1.9 percent |
| FY2025 | -6.4 percent |
| FY2026 | -4.6 percent |
| FY2026 | -6.1 percent |
Reported free cash flow is $78M; after share-based compensation it is $59M. The difference is a real cost that the cash flow statement adds back.
Stressed coverage falls to 0.7x — below the level at which interest is reliably covered.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 1.03x |
| 5% | 0.98x |
| 10% | 0.93x |
| 15% | 0.87x |
| 20% | 0.82x |
| 25% | 0.77x |
| 30% | 0.72x |
| 35% | 0.67x |
| 40% | 0.62x |
| 45% | 0.57x |
| 50% | 0.51x |
| 55% | 0.46x |
| 60% | 0.41x |
This schedule comes from a filing dated 2025-02-01, 618 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2025-02-01 (10-K); cash from the 2025-02-01 balance sheet; FCF from FY2026.
Balance sheet at 2025-02-01. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Net debt is 11.1x EBITDA, so coverage today depends on earnings holding up rather than on the balance sheet.
At $5.70, free cash flow must compound 9.71%/yr for 10 years. It has done -6.73%/yr over 6 years, though across a reporting-basis change.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | −255.5% | 9.7% |
| FY2023 | 5.8% | 9.7% |
| FY2025 | −26.7% | 9.7% |
| FY2026 | −70.8% | 9.7% |
| FY2026 | 149.7% | 9.7% |
The achieved growth rate spans a reporting-basis change in FY2023, so part of it measures the restatement rather than the business.
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2026) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.