Company / Gross Margin
Bath & Body Works, Inc. Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
43.7%
FY2025
5-year range
43.7% / 48.9%
FY2021-FY2025
Trend
-1.2%
vs FY2024
Sector context
#35 of 120
Consumer Discretionary
What the data says
At 43.7%, Bath & Body Works, Inc.'s gross margin ranks #35 of 120 in the Consumer Discretionary sector. Gross Margin has fluctuated over the past 10 years, ranging from 37.0% in FY2020 to 48.9% in FY2023.
Based on SEC 10-K filings.
43.7% in FY2025 with a 5-year CAGR of +6.7%.
Declined from 48.9% to 43.7% over the past 2 years.
Consumer Discretionary sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -4.4pp
- 5-Year Change
- +6.7pp
- 10-Year Change
- -
Sector benchmark
#35 of 120 in Consumer DiscretionaryTop 29% of 120This company 43.7% Sector average 36.2%
▼
+21.0% above sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 1.2% year-over-year.
- Currently 7.6pp above the Consumer Discretionary sector average.
- Peak gross margin was recorded in FY2023.
- Lowest gross margin in the period was in FY2020.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 43.7% | -1.2% |
| FY2024 | 44.3% | -9.5% |
| FY2023 | 48.9% | +1.6% |
| FY2022 | 48.1% | +9.0% |
| FY2021 | 44.2% | +19.3% |
| FY2020 | 37.0% | -16.2% |
| FY2019 | 44.2% | +19.3% |
| FY2018 | 37.0% | -5.7% |
| FY2017 | 39.3% | -6.5% |
| FY2016 | 42.0% | +2.1% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026