Build-A-Bear Workshop, Inc. (BBW) 10-Year Financial Performance & Capital Metrics

BBW • • Industrial / General

Consumer CyclicalSpecialty RetailNiche Specialty RetailUnique Retail Concepts

AboutBuild-A-Bear Workshop, Inc. operates as a multi-channel retailer of plush animals and related products. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes, accessories, and other toy and novelty items. The company operates its stores under the Build-A-Bear Workshop brand name; and sells its products through its e-commerce sites. As of January 29, 2022, it operated 346 stores, including 305 stores in the United States and Canada; and 41 stores in the United Kingdom and Ireland, as well as 72 franchised stores internationally. The company was founded in 1997 and is headquartered in St. Louis, Missouri.Show more

Revenue $496M +2.1%
EBITDA $81M +2.5%
Net Income $52M -1.9%
EPS (Diluted) 3.80 +4.1%
Gross Margin 54.9% +0.9%
EBITDA Margin 16.33% +0.4%
Operating Margin 13.35% -0.8%
Net Margin 10.43% -4.0%
ROE 38.54% -9.2%
ROIC 26.36% -10.7%
Debt/Equity 0.70 +8.2%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 42.0%
✓Strong 5Y profit CAGR of 188.1%
✓Momentum leader: RS Rating 86 (top 14%)
✓Share count reduced 5.9% through buybacks
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.38%

5Y7.96%

3Y6.45%

TTM8.1%

Profit (Net Income) CAGR

10Y13.68%

5Y188.08%

3Y3.09%

TTM18.24%

EPS CAGR

10Y16.72%

5Y192.66%

3Y9.05%

TTM25.28%

ROCE

10Y Avg10.99%

5Y Avg20.28%

3Y Avg32.37%

Latest33.21%

Peer Comparison

Unique Retail Concepts

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NPTTexxon Holding Limited Ordinary shares	141.1M	6.36	148.60	21.74%	0.14%	2.91%		0.80
TLFTandy Leather Factory, Inc.	22.91M	2.84	30.15	-2.41%	15.37%	21.46%	6.83%	0.19
BBWBuild-A-Bear Workshop, Inc.	919.54M	71.03	18.69	2.12%	11.34%	38.12%	3.02%	0.70
MNSOMINISO Group Holding Limited	5.96B	19.64	2.34	48.12%	13.85%	22.96%	23.6%	0.30
FLWS1-800-FLOWERS.COM, Inc.	170.55M	4.66	-1.49	-7.96%	-13.19%	-100.58%		1.01
ZKHZKH Group Limited	466.38M	3.52	-2.15	0.46%	-2.64%	-7.72%	31.31%	0.18
BNEDBarnes & Noble Education, Inc.	304.44M	8.94	-3.58	2.75%	-4.09%	-24.18%		0.66
JBDIJBDI Holdings Limited	12.9M	0.67	-13.56	-15.54%	-10.4%	-103.5%	7.12%	5.28

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Sales/Revenue+	377.69M	364.2M	357.87M	336.58M	338.54M	255.31M	411.52M	467.94M	486.11M	496.4M
Revenue Growth %	-0.04%	-0.04%	-0.02%	-0.06%	0.01%	-0.25%	0.61%	0.14%	0.04%	0.02%
Cost of Goods Sold+	198.48M	198.17M	188.89M	197.83M	184.92M	158.02M	193.57M	222.06M	221.72M	223.89M
COGS % of Revenue	0.53%	0.54%	0.53%	0.59%	0.55%	0.62%	0.47%	0.47%	0.46%	0.45%
Gross Profit+	179.22M	166.04M	168.97M	138.75M	153.62M	97.29M	217.96M	245.87M	264.39M	272.52M
Gross Margin %	0.47%	0.46%	0.47%	0.41%	0.45%	0.38%	0.53%	0.53%	0.54%	0.55%
Gross Profit Growth %	-0.01%	-0.07%	0.02%	-0.18%	0.11%	-0.37%	1.24%	0.13%	0.08%	0.03%
Operating Expenses+	161.46M	160.72M	155.15M	157.18M	152.05M	119.09M	167.25M	183.93M	198.99M	206.24M
OpEx % of Revenue	0.43%	0.44%	0.43%	0.47%	0.45%	0.47%	0.41%	0.39%	0.41%	0.42%
Selling, General & Admin	161.46M	160.32M	155.15M	157.18M	152.05M	119.09M	167.25M	183.93M	198.99M	206.24M
SG&A % of Revenue	0.43%	0.44%	0.43%	0.47%	0.45%	0.47%	0.41%	0.39%	0.41%	0.42%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	17.75M	5.31M	13.82M	-18.42M	-12.13M	-35.09M	38.43M	49.46M	65.4M	66.28M
Operating Margin %	0.05%	0.01%	0.04%	-0.05%	-0.04%	-0.14%	0.09%	0.11%	0.13%	0.13%
Operating Income Growth %	0.1%	-0.7%	1.6%	-2.33%	0.34%	-1.89%	2.09%	0.29%	0.32%	0.01%
EBITDA+	34.17M	21.48M	29.99M	-2.38M	1.58M	-21.8M	50.7M	61.94M	79.06M	81.05M
EBITDA Margin %	0.09%	0.06%	0.08%	-0.01%	0%	-0.09%	0.12%	0.13%	0.16%	0.16%
EBITDA Growth %	-0%	-0.37%	0.4%	-1.08%	1.66%	-14.83%	3.33%	0.22%	0.28%	0.03%
D&A (Non-Cash Add-back)	16.42M	16.17M	16.16M	16.04M	13.71M	13.29M	12.28M	12.48M	13.66M	14.77M
EBIT	17.75M	5.31M	13.82M	-18.42M	1.68M	-20.18M	50.7M	62.54M	65.4M	66.28M
Net Interest Income+	143K	-5K	-11K	-85K	-15K	-10K	5K	-19K	929K	861K
Interest Income	0	0	0	0	0	0	5K	0	929K	0
Interest Expense	143K	5K	11K	85K	15K	10K	0	19K	0	-861K
Other Income/Expense	143K	-5K	-11K	-85K	13.69M	-10K	905K	12.46M	929K	661K
Pretax Income+	17.9M	5.31M	13.81M	-18.51M	1.56M	-21.81M	50.71M	61.92M	66.33M	67.14M
Pretax Margin %	0.05%	0.01%	0.04%	-0.05%	0%	-0.09%	0.12%	0.13%	0.14%	0.14%
Income Tax+	-9.45M	3.93M	5.9M	-574K	1.3M	2.8M	3.44M	13.94M	13.52M	15.36M
Effective Tax Rate %	1.53%	0.26%	0.57%	0.97%	0.17%	1.13%	0.93%	0.77%	0.8%	0.77%
Net Income+	27.34M	1.38M	7.92M	-17.93M	261K	-24.61M	47.27M	47.98M	52.8M	51.78M
Net Margin %	0.07%	0%	0.02%	-0.05%	0%	-0.1%	0.11%	0.1%	0.11%	0.1%
Net Income Growth %	0.9%	-0.95%	4.75%	-3.27%	1.01%	-95.29%	2.92%	0.02%	0.1%	-0.02%
Net Income (Continuing)	27.34M	1.38M	7.92M	-17.93M	261K	-22.98M	47.27M	47.98M	52.8M	51.78M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.59	0.09	0.50	-1.23	0.02	-1.65	2.93	3.15	3.65	3.80
EPS Growth %	0.96%	-0.94%	4.56%	-3.46%	1.01%	-94.22%	2.78%	0.08%	0.16%	0.04%
EPS (Basic)	1.61	0.09	0.50	-1.23	0.02	-1.65	3.06	3.21	3.68	3.81
Diluted Shares Outstanding	16.87M	15.62M	15.76M	14.59M	14.76M	14.92M	16.12M	15.25M	14.47M	13.62M
Basic Shares Outstanding	16.64M	15.44M	15.57M	14.58M	14.71M	14.92M	15.46M	14.94M	14.34M	13.58M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.01%	0%	0.21%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Total Current Assets+	128.73M	110.04M	110.23M	99.8M	98.75M	100.19M	132.62M	147.43M	127.77M	126.3M
Cash & Short-Term Investments	45.2M	32.48M	30.45M	17.89M	26.73M	34.84M	32.84M	42.2M	44.33M	27.76M
Cash Only	45.2M	32.48M	30.45M	17.89M	26.73M	34.84M	32.84M	42.2M	44.33M	27.76M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	13.35M	12.94M	13.3M	10.59M	11.53M	8.29M	11.7M	15.37M	8.57M	16.1M
Days Sales Outstanding	12.9	12.97	13.57	11.48	12.43	11.86	10.38	11.99	6.43	11.84
Inventory	53.88M	51.88M	53.14M	58.36M	53.38M	46.95M	73.61M	70.48M	63.5M	69.78M
Days Inventory Outstanding	99.08	95.57	102.68	107.67	105.36	108.44	138.8	115.85	104.53	113.75
Other Current Assets	7M	5.55M	5.66M	2.25M	3.98M	6.17M	7.73M	8.7M	6.47M	6.47M
Total Non-Current Assets+	91.19M	89.55M	87.76M	72.25M	198.61M	161.18M	136.33M	133.36M	144.55M	163.66M
Property, Plant & Equipment	67.74M	74.92M	77.75M	66.37M	192M	157.8M	126.64M	122.55M	128.71M	149.96M
Fixed Asset Turnover	5.58x	4.86x	4.60x	5.07x	1.76x	1.62x	3.25x	3.82x	3.78x	3.31x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	1.74M	1.72M	995K	731K	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	4.26M	4.65M	2.63M	2.05M	3.2M	-32.29M	2.08M	4.22M	7.17M	6.1M
Total Assets+	219.92M	199.59M	197.99M	172.05M	297.36M	261.37M	268.95M	280.79M	272.32M	289.96M
Asset Turnover	1.72x	1.82x	1.81x	1.96x	1.14x	0.98x	1.53x	1.67x	1.79x	1.71x
Asset Growth %	0.04%	-0.09%	-0.01%	-0.13%	0.73%	-0.12%	0.03%	0.04%	-0.03%	0.06%
Total Current Liabilities+	99.86M	82.86M	69.86M	56.18M	85.96M	91.99M	100.01M	101.15M	83.73M	79.39M
Accounts Payable	42.55M	27.86M	18.94M	22.55M	15.68M	17.9M	21.85M	10.29M	16.17M	16.54M
Days Payables Outstanding	78.25	51.32	36.6	41.61	30.95	41.35	41.2	16.91	26.62	26.96
Short-Term Debt	0	0	0	0	30.91M	32.4M	-1.19M	27.44M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	9.01M	-1.37M	-3.05M	650K	-15.04M	-18.01M	24.18M	2.96M	27.05M	31.42M
Current Ratio	1.29x	1.33x	1.58x	1.78x	1.15x	1.09x	1.33x	1.46x	1.53x	1.59x
Quick Ratio	0.75x	0.70x	0.82x	0.74x	0.53x	0.58x	0.59x	0.76x	0.77x	0.71x
Cash Conversion Cycle	33.73	57.22	79.64	77.54	86.84	78.95	107.98	110.94	84.35	98.63
Total Non-Current Liabilities+	20.65M	17.63M	20.81M	21.55M	122.67M	103.7M	75.26M	60.53M	58.93M	71.48M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	119.63M	101.46M	73.31M	59.08M	57.61M	70.16M
Deferred Tax Liabilities	6.59M	7.36M	3.67M	6.46M	39.08M	35.67M	27.49M	23.81M	0	0
Other Non-Current Liabilities	13.33M	17.06M	19.6M	19.93M	1.72M	2.35M	1.22M	1.45M	1.32M	1.32M
Total Liabilities	120.51M	100.48M	90.67M	77.73M	208.63M	195.69M	175.27M	161.68M	142.66M	150.87M
Total Debt+	0	0	0	0	150.54M	133.86M	97.76M	86.52M	83.57M	97M
Net Debt	-45.2M	-32.48M	-30.45M	-17.89M	123.81M	99.02M	64.92M	44.32M	39.24M	69.24M
Debt / Equity	-	-	-	-	1.70x	2.04x	1.04x	0.73x	0.64x	0.70x
Debt / EBITDA	-	-	-	-	95.52x	-	1.93x	1.40x	1.06x	1.20x
Net Debt / EBITDA	-1.32x	-1.51x	-1.02x	-	78.56x	-	1.28x	0.72x	0.50x	0.85x
Interest Coverage	124.16x	1062.80x	1256.73x	-216.73x	-808.60x	-3509.50x	-	2603.21x	-	-
Total Equity+	99.41M	99.11M	107.31M	94.31M	88.73M	65.68M	93.68M	119.12M	129.66M	139.08M
Equity Growth %	0.02%	-0%	0.08%	-0.12%	-0.06%	-0.26%	0.43%	0.27%	0.09%	0.07%
Book Value per Share	5.89	6.34	6.81	6.46	6.01	4.40	5.81	7.81	8.96	10.21
Total Shareholders' Equity	99.41M	99.11M	107.31M	94.31M	88.73M	65.68M	93.68M	119.12M	129.66M	139.08M
Common Stock	158K	159K	155K	150K	152K	159K	162K	148K	142K	133K
Retained Earnings	64.13M	43.68M	49.76M	37.09M	29.93M	5.32M	30.5M	61.38M	75.27M	89.52M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-9.97M	-12.73M	-11.56M	-12.02M	-12.08M	-12.62M	-12.47M	-12.27M	-12.08M	-12.55M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Cash from Operations+	32.05M	16.01M	21.09M	9.68M	21.61M	13.39M	28.08M	47.28M	64.31M	47.09M
Operating CF Margin %	0.08%	0.04%	0.06%	0.03%	0.06%	0.05%	0.07%	0.1%	0.13%	0.09%
Operating CF Growth %	-0.08%	-0.5%	0.32%	-0.54%	1.23%	-0.38%	1.1%	0.68%	0.36%	-0.27%
Net Income	27.34M	1.38M	7.92M	-17.93M	261K	-22.98M	47.27M	47.98M	52.8M	51.78M
Depreciation & Amortization	16.42M	16.17M	16.16M	16.04M	13.71M	13.29M	12.28M	12.48M	13.66M	14.77M
Stock-Based Compensation	2.11M	3.02M	3.42M	3.44M	2.88M	1.52M	2.63M	2.56M	2.09M	2.17M
Deferred Taxes	-8.12M	2.26M	5.26M	446K	-318K	3.39M	-7.61M	992K	-1.89M	1.06M
Other Non-Cash Items	782K	10.1M	1.4M	7.3M	-90K	8.15M	-200K	-685K	-1.54M	990K
Working Capital Changes	-6.49M	-11.87M	-12.38M	391K	5.17M	10.02M	-26.28M	-16.06M	-807K	-23.7M
Change in Receivables	-2.12M	-2.21M	-584K	-3.45M	-805K	-4.03M	-9.56M	-3.04M	5.87M	-7.74M
Change in Inventory	-2.47M	643K	-210K	-1.12M	5.05M	6.79M	-25.13M	357K	7.1M	-6.55M
Change in Payables	-2.72M	-11.69M	-8.51M	914K	3.4M	4.03M	9.56M	-360K	-11.08M	-3.48M
Cash from Investing+	-25.15M	-26.66M	-17.76M	-11.25M	-12.38M	-5.05M	-8.13M	-13.63M	-18.3M	-19.32M
Capital Expenditures	-22.47M	-27.25M	-17.76M	-11.25M	-12.38M	-5.05M	-8.13M	-13.63M	-18.3M	-19.32M
CapEx % of Revenue	0.06%	0.07%	0.05%	0.03%	0.04%	0.02%	0.02%	0.03%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.92M	-867K	310K	0	0	0	0	0	0	0
Cash from Financing+	-26.39M	-1.95M	-4.78M	-2.36M	-245K	-114K	-22.46M	-25.06M	-43.9M	-44.16M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-19.93M	-292K	-22.06M	-11.02M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-481K	-479K	-76K	-131K	-245K	-114K	1.83M	-592K	-1.34M	-1.87M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	9.58M	-11.24M	3.33M	-1.57M	9.22M	8.34M	19.95M	33.64M	46.02M	27.77M
FCF Margin %	0.03%	-0.03%	0.01%	-0%	0.03%	0.03%	0.05%	0.07%	0.09%	0.06%
FCF Growth %	-0.6%	-2.17%	1.3%	-1.47%	6.88%	-0.1%	1.39%	0.69%	0.37%	-0.4%
FCF per Share	0.57	-0.72	0.21	-0.11	0.63	0.56	1.24	2.21	3.18	2.04
FCF Conversion (FCF/Net Income)	1.17x	11.63x	2.66x	-0.54x	82.79x	-0.54x	0.59x	0.99x	1.22x	0.91x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	2.17M	1M	1.07M	1.68M	0	41K	10.38M	10.33M	17.36M	16.69M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	27.76%	1.39%	7.67%	-17.79%	0.29%	-31.88%	59.32%	45.1%	42.45%	38.54%
Return on Invested Capital (ROIC)	30.81%	6.6%	14.45%	-18.03%	-6.3%	-13.95%	17.83%	23.04%	29.52%	26.36%
Gross Margin	47.45%	45.59%	47.22%	41.22%	45.38%	38.1%	52.96%	52.54%	54.39%	54.9%
Net Margin	7.24%	0.38%	2.21%	-5.33%	0.08%	-9.64%	11.49%	10.25%	10.86%	10.43%
Debt / Equity	-	-	-	-	1.70x	2.04x	1.04x	0.73x	0.64x	0.70x
Interest Coverage	124.16x	1062.80x	1256.73x	-216.73x	-808.60x	-3509.50x	-	2603.21x	-	-
FCF Conversion	1.17x	11.63x	2.66x	-0.54x	82.79x	-0.54x	0.59x	0.99x	1.22x	0.91x
Revenue Growth	-3.74%	-3.57%	-1.74%	-5.95%	0.58%	-24.59%	61.19%	13.71%	3.88%	2.12%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Retail	372.71M	357.59M	349.41M	-	323.49M	249.21M	397.69M	446.18M	456.16M	460.32M
Retail Growth	-	-4.06%	-2.29%	-	-	-22.96%	59.58%	12.19%	2.24%	0.91%
Commercial Product and Service	-	-	-	-	11.89M	4.43M	11.51M	18.52M	25.41M	31.39M
Commercial Product and Service Growth	-	-	-	-	-	-62.78%	159.94%	61.00%	37.20%	23.51%
International Franchising	2.2M	2.3M	2.45M	3.72M	3.16M	1.67M	2.33M	3.23M	-	-
International Franchising Growth	-	4.69%	6.61%	51.82%	-15.08%	-47.03%	39.01%	38.93%	-	-
Direct to Consumer	-	-	-	326.3M	-	-	-	-	-	-
Direct to Consumer Growth	-	-	-	-	-	-	-	-	-	-
Commercial	2.78M	4.31M	6.01M	6.56M	-	-	-	-	-	-
Commercial Growth	-	54.94%	39.31%	9.21%	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	297.55M	296.15M	293.28M	283.35M	286.97M	219.89M	357.84M	408.88M	426.24M	425.14M
North America Growth	-	-0.47%	-0.97%	-3.39%	1.28%	-23.38%	62.74%	14.26%	4.25%	-0.26%
Europe	78.79M	66.14M	61.9M	51.23M	48.53M	33.78M	51.27M	55.85M	56.14M	65.23M
Europe Growth	-	-16.05%	-6.41%	-17.24%	-5.27%	-30.39%	51.77%	8.93%	0.51%	16.19%
Other Geographic Region	1.35M	1.91M	2.68M	2.01M	3.04M	1.64M	2.41M	3.2M	3.73M	6.03M
Other Geographic Region Growth	-	41.42%	40.32%	-25.20%	51.62%	-46.20%	47.10%	32.97%	16.46%	61.76%

Frequently Asked Questions

Valuation & Price

Build-A-Bear Workshop, Inc. (BBW) has a price-to-earnings (P/E) ratio of 18.7x. This is roughly in line with market averages.

Growth & Financials

Build-A-Bear Workshop, Inc. (BBW) reported $522.5M in revenue for fiscal year 2024. This represents a 32% increase from $394.4M in 2011.

Build-A-Bear Workshop, Inc. (BBW) grew revenue by 2.1% over the past year. Growth has been modest.

Yes, Build-A-Bear Workshop, Inc. (BBW) is profitable, generating $59.2M in net income for fiscal year 2024 (10.4% net margin).

Dividend & Returns

Yes, Build-A-Bear Workshop, Inc. (BBW) pays a dividend with a yield of 1.14%. This makes it attractive for income-focused investors.

Build-A-Bear Workshop, Inc. (BBW) has a return on equity (ROE) of 38.5%. This is excellent, indicating efficient use of shareholder capital.

Build-A-Bear Workshop, Inc. (BBW) generated $46.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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