BBW Consumer Cyclical

Build-A-Bear Workshop, Inc.

$29.37-0.58%

Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026

Basics

Sector: Consumer Cyclical
Industry: Specialty Retail
Country: United States
Market cap: 361.8M USD
Enterprise value: 467.4M USD
Full-time employees: 1,200

Overall health

Strength: more profitable than most peersmore profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its share price swings more than most peers’ (beta 1.01 vs a peer median of 0.63)bigger price swings (beta 1.01 vs peers 0.63)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #402 of 1,502 consumer cyclical companies (top 27%)

See how it ranks against its peers

Worth knowing

Profit isn't fully turning into cash. Free cash flow is only 48% of reported profit.
Free cash flow is only 48% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Valuation signals disagree. Cheaper than 94% of peers on earnings, but only 54% on free cash flow.
Relative to its earnings, Build-A-Bear Workshop looks cheaper than 94% of peers; relative to its free cash flow, cheaper than only 54%. The valuation score blends the two, so look at which measure fits this business best.
Share count shrinking. Shares outstanding down 17% from January 2023 to September 2026.
Build-A-Bear Workshop had 17% fewer shares at September 2026 than at January 2023, mainly through buybacks, so each remaining share owns a larger slice of the business.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $255M in FY Jan 2021 to $530M in FY Jan 2026.
Build-A-Bear Workshop's fiscal-year revenue rose in each of the five years to FY Jan 2026, from $255M to $530M.

StockQuotient Score

62/ 100▼ 1 since Oct 27 close

Oct 5 63 → Nov 4 62 (-1)

Valuation

Is the price right?

85/100

Strong▼ 3 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 88 → 85

Share price +19.6%-5
Company's reported figures updated+1
Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Earnings yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield14.3%

SEC filings · 12 months to Aug 2026Reported value30% base weight · Z-score 3.00Sector median: 0.0439 · MAD: 0.0329

EBITDA yield15.0%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 1.36Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield6.8%

SEC filings · 12 months to Aug 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.12Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield43.9%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

34/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Revenue growth
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-7.2%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -0.45Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth2.6%

SEC filings · 3 years to Aug 2026Reported value33% base weight · Z-score -0.25Sector median: 0.0425 · MAD: 0.0636

Revenue growth-0.9%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -0.71Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

95/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin12.9%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score 1.41Sector median: 0.0638 · MAD: 0.0461

Return on assets15.4%

SEC filings · 12 months to Aug 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.06Sector median: 0.0331 · MAD: 0.0254

Return on invested capital36.3%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score 4.84Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin56.7%

SEC filings · 12 months to Aug 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity32.4%

SEC filings · 12 months to Aug 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Held back by:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.01

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.26Sector median: 0.6345 · MAD: 0.2980

Current ratio1.60×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.22Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.79×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score -0.91Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Build-A-Bear Workshop

Is Build-A-Bear Workshop getting weaker?: Its latest SEC filing (Sep 10, 2026) showed no major changes. Its overall score is 62/100, down 1 since Oct 28, 2026.
How is Build-A-Bear Workshop valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 85/100 against 1,612 consumer cyclical peers. Earnings yield 14.3% vs a peer median of 4.4% (stronger than 94% of peers).Earnings yield 14.3% vs peers 4.4% (stronger than 94% of peers).
Is Build-A-Bear Workshop growing?: More slowly than most of its peers. Growth scores 34/100 against 1,612 consumer cyclical peers. Revenue growth -0.9% vs a peer median of 3.7% (weaker than 68% of peers).Revenue growth -0.9% vs peers 3.7% (weaker than 68% of peers).
How profitable is Build-A-Bear Workshop?: More profitable than most of its peers. Profitability scores 95/100 against 1,612 consumer cyclical peers. Return on assets 15.4% vs a peer median of 3.3% (stronger than 95% of peers).Return on assets 15.4% vs peers 3.3% (stronger than 95% of peers).
How risky is Build-A-Bear Workshop?: Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Beta 1.01 vs a peer median of 0.63 (weaker than 74% of peers).Beta 1.01 vs peers 0.63 (weaker than 74% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Aug 1, 2026 · filed Sep 10, 2026 · compared with the quarter ended May 2, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	526.7M USD	517.8M USD	−1.7%
Net income (12 months)	55.2M USD	51.6M USD	−6.5%
Operating margin	13.4%	12.9%	−0.5 pts
Free cash flow (12 months)	29.0M USD	24.5M USD	−15.3%
Cash	26.2M USD	14.0M USD	−46.6%
Shares outstanding	12.5M	12.3M	−1.7%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Specialty Retail · 18 companies

Valuations in Specialty Retail are near the bottom of their range since 2021.

6% of months since 2021 were valued lower than now.
20% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is −69% vs the whole market, against a usual −59%.

2021Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Jan 2022	FY Jan 2023	FY Jan 2024	FY Jan 2025	FY Jan 2026	Change
Gross margin	53.0%	52.5%	54.4%	54.9%	55.8%	▲ 0.9 pts
Operating margin	12.3%	13.2%	13.5%	13.4%	12.5%	▼ 0.8 pts
Net margin	11.5%	10.3%	10.9%	10.4%	9.9%	▼ 0.6 pts
Return on assets (ROA)	17.7%	17.1%	19.4%	17.9%	15.1%	▼ 2.7 pts
Return on equity (ROE)	50.5%	40.6%	40.7%	37.2%	33.7%	▼ 3.6 pts
Free cash flow margin	4.8%	7.2%	9.5%	5.6%	7.5%	▲ 1.9 pts
Current ratio	1.33×	1.46×	1.53×	1.59×	1.55×	▼ 2.9%
Quick ratio	0.60×	0.76×	0.77×	0.71×	0.64×	▼ 10%

BBW price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its share price swings more than most peers’ (beta 1.01 vs a peer median of 0.63)bigger price swings (beta 1.01 vs peers 0.63)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #402 of 1,502 consumer cyclical companies (top 27%)

See how it ranks against its peers

Worth knowing

Profit isn't fully turning into cash. Free cash flow is only 48% of reported profit.

Free cash flow is only 48% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

Valuation signals disagree. Cheaper than 94% of peers on earnings, but only 54% on free cash flow.

Relative to its earnings, Build-A-Bear Workshop looks cheaper than 94% of peers; relative to its free cash flow, cheaper than only 54%. The valuation score blends the two, so look at which measure fits this business best.

Share count shrinking. Shares outstanding down 17% from January 2023 to September 2026.

Build-A-Bear Workshop had 17% fewer shares at September 2026 than at January 2023, mainly through buybacks, so each remaining share owns a larger slice of the business.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $255M in FY Jan 2021 to $530M in FY Jan 2026.

Build-A-Bear Workshop's fiscal-year revenue rose in each of the five years to FY Jan 2026, from $255M to $530M.

Questions investors ask about Build-A-Bear Workshop

Is Build-A-Bear Workshop getting weaker?

Its latest SEC filing (Sep 10, 2026) showed no major changes. Its overall score is 62/100, down 1 since Oct 28, 2026.

How is Build-A-Bear Workshop valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 85/100 against 1,612 consumer cyclical peers. Earnings yield 14.3% vs a peer median of 4.4% (stronger than 94% of peers).Earnings yield 14.3% vs peers 4.4% (stronger than 94% of peers).

Is Build-A-Bear Workshop growing?

More slowly than most of its peers. Growth scores 34/100 against 1,612 consumer cyclical peers. Revenue growth -0.9% vs a peer median of 3.7% (weaker than 68% of peers).Revenue growth -0.9% vs peers 3.7% (weaker than 68% of peers).

How profitable is Build-A-Bear Workshop?

More profitable than most of its peers. Profitability scores 95/100 against 1,612 consumer cyclical peers. Return on assets 15.4% vs a peer median of 3.3% (stronger than 95% of peers).Return on assets 15.4% vs peers 3.3% (stronger than 95% of peers).

How risky is Build-A-Bear Workshop?

Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Beta 1.01 vs a peer median of 0.63 (weaker than 74% of peers).Beta 1.01 vs peers 0.63 (weaker than 74% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

526.7M USD

517.8M USD

−1.7%

Net income (12 months)

55.2M USD

51.6M USD

−6.5%

Operating margin

13.4%

12.9%

−0.5 pts

Free cash flow (12 months)

29.0M USD

24.5M USD

−15.3%

Cash

26.2M USD

14.0M USD

−46.6%

Shares outstanding

12.5M

12.3M

−1.7%

Key ratios

FY Jan 2022

FY Jan 2023

FY Jan 2024

FY Jan 2025

FY Jan 2026

Change

Gross margin

53.0%

52.5%

54.4%

54.9%

55.8%

▲ 0.9 pts

Operating margin

12.3%

13.2%

13.5%

13.4%

12.5%

▼ 0.8 pts

Net margin

11.5%

10.3%

10.9%

10.4%

9.9%

▼ 0.6 pts

Return on assets (ROA)

17.7%

17.1%

19.4%

17.9%

15.1%

▼ 2.7 pts

Return on equity (ROE)

50.5%

40.6%

40.7%

37.2%

33.7%

▼ 3.6 pts

Free cash flow margin

4.8%

7.2%

9.5%

5.6%

7.5%

▲ 1.9 pts

Current ratio

1.33×

1.46×

1.53×

1.59×

1.55×

▼ 2.9%

Quick ratio

0.60×

0.76×

0.77×

0.71×

0.64×

▼ 10%