Bath And Body Works Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Bath And Body Works Inc (BBWI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Bath And Body Works Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 7,245M vs 1,205,331M combined for tracked competitors (0.6% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-23.9% annualized vs trailing 12 months), vs decelerating (-4.2%) for its tracked peer group.
- Growth: Bath And Body Works Inc generated -3.2% revenue growth year over year in Q1 2026, vs 7.4% for its tracked competitors combined.
- Profitability: Its 13.3% net margin compares with 4.9% for the peer group.
- Scale: Bath And Body Works Inc ranks #6 of 58 companies by market capitalization in the Specialty Retail industry, holding 2.8% of industry market cap.
- Peer revenue share: Bath And Body Works Inc accounted for 0.5% of combined revenue among its tracked peer group, down from 0.5% a year earlier.
- Peer differentiation: Revenue per employee of $0.12M compares with $0.31M for the peer group (0.4x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
BBWI Sales vs. its Competitors, Q1 2026
Bath And Body Works Inc reported revenue contraction of 3.23 % year on year in Q1 2026, below its competitors' combined revenue growth of 7.44 %.
With a net margin of 13.28 %, Bath And Body Works Inc achieved higher profitability than its competitors (4.88 %).
Bath And Body Works Inc generated 0.47 % of the combined sales of its peer group, down from 0.53 % a year earlier.
Bath And Body Works Inc vs. its Competitors, Q1 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Bath And Body Works Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Bath and Body Works Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Bath And Body Works Inc's competitor groups requires a Commercial License.
For context: the Specialty Retail industry grew revenue 19.7% year over year, combined, vs -3.2% for Bath And Body Works Inc. Bath And Body Works Inc's share of combined industry revenue moved from 0.69% to 0.56%, a loss of 0.13 percentage points.
Bath And Body Works Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Bath and Body Works Inc | Yes | No | No | No |
| Competitors combined (39) | ||||
| High-Confidence Competitors (1) | - | |||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 87.50 % (7 of 8) | 87.50 % (7 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BBWI Stock Performance relative to its Competitors
BBWI Stock Performance relative to High-Confidence Competitors
BBWI Stock Performance relative to Similar-Size Competitors
BBWI Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Fossil Group inc | 282.9% | Outperformed |
| 2 | Flexsteel Industries Inc | 282.9% | Outperformed |
| 3 | Target Corporation | 282.9% | Outperformed |
| 4 | Crocs inc | 282.9% | Outperformed |
| 5 | Ross Stores Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Bath And Body Works Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Bath And Body Works Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Bath and Body Works Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Bath and Body Works Inc | 3,270.38 | 7,245.00 |
| Walmart Inc | 867,447.94 | 735,840.00 |
| Procter and Gamble Co | 361,061.51 | 87,032.00 |
| The Tjx Companies Inc | 145,913.60 | 61,584.00 |
| Ross Stores Inc | 76,160.66 | 23,776.06 |
| Target Corporation | 72,212.39 | 106,377.00 |
| SUBTOTAL | 1,741,896.38 | 1,218,978.34 |
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Sources: Bath and Body Works Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Bath and Body Works Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Bath And Body Works Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| PINK | Named by the company | 85% |
| Victoria’s Secret | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Bath And Body Works Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Bath And Body Works Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Bath and Body Works Inc | Reportable 100.00 % |
| Walmart Inc | Walmart US 66.44 % |
| Procter and Gamble Co | Fabric & Home Care 34.83 % |
| The Tjx Companies Inc | Marmaxx 60.39 % |
| Ross Stores Inc | Reportable 100.00 % |
| Williams sonoma Inc | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Bath And Body Works Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Bath and Body Works Inc | 3,270 | 119,357 | 11,977 |
| Walmart Inc | 867,448 | 350,400 | 10,714 |
| Procter and Gamble Co | 361,062 | 836,846 | 155,231 |
| The Tjx Companies Inc | 145,914 | 163,353 | 15,358 |
| Ross Stores Inc | 76,161 | 214,199 | 20,863 |
| Target Corporation | 72,212 | 256,330 | 8,313 |
| PEERS TOTAL | 1,738,626 | 311,588 | 15,609 |
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Bath And Body Works Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Bath and Body Works Inc | International 9.87 % |
| Procter and Gamble Co | Non-US 52.05 % |
| Williams sonoma Inc | Non-US 4.07 % |
| Ralph Lauren Corporation | Americas 43.07 % |
| Lululemon Athletica Inc | Americas 71.41 % |
| Gap Inc | United States 88.16 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Bath And Body Works Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 54 companies in Bath And Body Works Inc's industry classification, broader than the peer set above. Market cap in millions of $.Bath And Body Works Inc ranks #6 of 54 companies by market capitalization in its industry, holding 2.81 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,761, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Jd com Inc | 38,908 | 33.43 % |
| 2 | Ulta Beauty Inc | 23,957 | 20.58 % |
| 3 | Dick s Sporting Goods inc | 12,065 | 10.37 % |
| 4 | Firstcash Holdings Inc | 9,510 | 8.17 % |
| 5 | Yunji Inc | 1,234 | 5.2% |
| 6 | Bath and Body Works Inc | 3,267 | 2.81 % |
| 7 | Academy Sports And Outdoors Inc | 1,234 | 5.2% |
| 8 | Ezcorp Inc | 1,234 | 5.2% |
| 9 | Rh | 1,234 | 5.2% |
| 10 | Bobs Discount Furniture Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Bath And Body Works Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Bath And Body Works Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Jd com Inc | 38,908 | -24.38 % |
| 2 | Ulta Beauty Inc | 23,957 | 1.01 % |
| 3 | Dick s Sporting Goods inc | 12,065 | -40.75 % |
| 4 | Firstcash Holdings Inc | 9,510 | 47.48 % |
| 5 | Yunji Inc | 1,234 | 12.3% |
| 6 | Bath and Body Works Inc | 3,267 | -37.40 % |
| 7 | Academy Sports And Outdoors Inc | 1,234 | 12.3% |
| 8 | Ezcorp Inc | 1,234 | 12.3% |
| 9 | Rh | 1,234 | 12.3% |
| 10 | Bobs Discount Furniture Inc | 1,234 | 12.3% |
| 11 | Sally Beauty Holdings Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Bath And Body Works Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Bath And Body Works Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Specialty Retail industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (82 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 43.20 % | 41.36 % (avg) | +1.8 pp |
| Operating Margin | 15.85 % | industry median | +13.3 pp |
| EBITDA Margin | 17.79 % | 1.40 % (avg) | +16.4 pp |
| Capital Intensity (Capex / Revenue) | 3.44 % | 3.05 % (avg) | +0.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Bath And Body Works Inc's Valuation vs Competitive Position
Valuation multiples vs the Specialty Retail industry average (82 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 5.9x | 26.3x | -20.4x |
| EV / EBITDA | 5.8x | 9.1x | -3.3x |
| P/B | -3.0x | 3.0x | -6.0x |
| Return on Equity | -52.41 % | industry aggregate | -296.56 % |
| Return on Invested Capital | 61.38 % | 4.68 % (avg) | 56.70 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Bath And Body Works Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 0.46 % | 4.79 % | 0.00 % | 6.20 % | -43.60 % | -1.73 % | -1.64 % | -0.22 % |
| Operating Margin | 13.68 % | 9.35 % | 9.35 % | 17.64 % | 25.49 % | 17.30 % | 17.33 % | 15.44 % |
| Return on Invested Capital | 33.95 % | 25.79 % | 17.36 % | 27.77 % | 29.74 % | 81.82 % | 75.46 % | 63.29 % |
| P/E | 12.6x | 10.6x | 6.9x | - | 13.9x | 9.8x | 10.0x | 6.7x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Bath And Body Works Inc's Strategic Group Map
Every company in Bath And Body Works Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Bath And Body Works Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Bath And Body Works Inc's BCG Growth-Share Matrix
Relative market share (vs Bath And Body Works Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Bath And Body Works Inc falls in the Dog quadrant: relative market share of 0.08x vs its largest competitor, in an industry growing revenue -1.3% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Bath And Body Works Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,761 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 3.44 % vs industry average 3.05 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Bath And Body Works Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Bath And Body Works Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Bath And Body Works Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Bath And Body Works Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Bath And Body Works Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 13.3 points above the industry median.
Weaknesses
- Return on equity 296.6 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-23.9% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.08x).
Opportunities
- Trades at a lower P/E than the industry average (5.9x vs 26.3x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-4.2% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Bath And Body Works Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Bath and Body Works Inc | 0.41 | 1.29 | - |
| Walmart Inc | 0.10 | 0.78 | 0.38 |
| Procter and Gamble Co | 0.25 | 0.71 | 0.71 |
| The Tjx Companies Inc | 0.41 | 1.13 | 0.30 |
| Ross Stores Inc | 0.87 | 1.55 | 0.23 |
| Target Corporation | 0.21 | 0.96 | 1.02 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Bath And Body Works Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Bath and Body Works Inc | Q1 2026 | -3.2 % | +74.3 % |
| Walmart Inc | Q2 2026 | +5.9 % | -8.7 % |
| Procter and Gamble Co | Q2 2026 | +1.5 % | -15.0 % |
| The Tjx Companies Inc | Q1 2026 | +9.2 % | +28.6 % |
| Ross Stores Inc | Q1 2026 | +20.6 % | +35.6 % |
| Target Corporation | Q1 2026 | +6.7 % | -24.6 % |
| PEERS TOTAL | +5.9 % | +4.5 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Bath And Body Works Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Bath and Body Works Inc | Q1 2026 | +1.7 % | +32.4 % |
| Walmart Inc | Q2 2026 | +4.5 % | +16.7 % |
| Procter and Gamble Co | Q2 2026 | +2.7 % | +2.7 % |
| The Tjx Companies Inc | Q1 2026 | +6.5 % | +33.2 % |
| Ross Stores Inc | Q1 2026 | +18.1 % | +0.8 % |
| Target Corporation | Q1 2026 | +5.4 % | +31.0 % |
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Bath And Body Works Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Bath and Body Works Inc | 14.66% | 22.32% | - |
| Walmart Inc | 7.78% | 13.37% | 21.78% |
| Procter and Gamble Co | 12.72% | 17.81% | 30.05% |
| The Tjx Companies Inc | 16.54% | 47.92% | 59.66% |
| Ross Stores Inc | 15.18% | 23.36% | 38.42% |
| Target Corporation | 5.86% | 9.45% | 21.74% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Bath And Body Works Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Bath and Body Works Inc | 4.62 | 0.45 |
| Walmart Inc | 39.25 | 1.18 |
| Procter and Gamble Co | 22.62 | 4.15 |
| The Tjx Companies Inc | 25.35 | 2.37 |
| Ross Stores Inc | 33.16 | 3.20 |
| Target Corporation | 20.93 | 0.68 |
| PEERS AVERAGE | 28.36 | 1.43 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.