Designer Brands (DBI) financial statements
Designer Brands reported revenue of $2.9B in fiscal 2026, up 0.7% a year over 9 years.
Net income was -$8M and the operating margin 1.7%, against 7.4% in 2017.
Free cash flow was $78M, and the company returned $10M in dividends.
The diluted share count fell 40% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Designer Brands's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B | $2.8B | $3.2B | $3.5B | $2.2B | $3.2B | $3.3B | $3.1B | $3.0B | $2.9B |
| Cost of revenue | $1.9B | $2.0B | — | — | — | — | — | — | — | — |
| Gross profit | $780M | $799M | $939M | $1000M | $311M | $1.1B | $1.5B | $1.3B | $1.3B | $1.3B |
| Selling, general and admin | $605M | $617M | $820M | $875M | $753M | $871M | $1.3B | $1.3B | $1.2B | $1.2B |
| Operating income | $200M | $125M | $59M | $127M | -$586M | $205M | $187M | $72M | $35M | $48M |
| Interest expense | $238,000 | $488,000 | $2M | $9M | $24M | $32M | $15M | $33M | $46M | — |
| Pre-tax income | $202M | $126M | $11M | $120M | -$609M | $173M | $160M | $40M | -$11M | $2M |
| Income tax | $79M | $60M | $30M | $25M | -$120M | $19M | -$3M | $11M | -$755,000 | $7M |
| Net income | $124M | $67M | -$20M | $94M | -$489M | $154M | $163M | $29M | -$11M | -$8M |
| EPS (diluted) | $1.51 | $0.84 | -$0.26 | $1.27 | -$6.77 | $2.00 | $2.26 | $0.46 | -$0.20 | -$0.17 |
| Diluted shares | 82M | 81M | 80M | 75M | 72M | 77M | 72M | 63M | 54M | 49M |
| Gross margin | 28.7% | 28.5% | 29.5% | 28.6% | 13.9% | 33.4% | 43.9% | 43.1% | 42.7% | 43.6% |
| Operating margin | 7.4% | 4.5% | 1.9% | 3.6% | -26.2% | 6.4% | 5.7% | 2.4% | 1.2% | 1.7% |
| Net margin | 4.6% | 2.4% | -0.6% | 2.7% | -21.9% | 4.8% | 4.9% | 0.9% | -0.4% | -0.3% |
Balance sheet
Fiscal years, from Designer Brands's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $209M | $301M | $169M | $112M | $60M | $73M | $59M | $49M | $45M | $51M |
| Receivables | $18M | $19M | $69M | $89M | $196M | $200M | $78M | $84M | $50M | $62M |
| Inventory | $500M | $502M | $645M | $633M | $473M | $586M | $606M | $571M | $600M | $564M |
| Total current assets | $759M | $871M | $955M | $901M | $781M | $914M | $790M | $777M | $735M | $710M |
| Property, plant and equipment | $375M | $355M | $410M | $395M | $296M | $257M | $235M | $220M | $208M | $213M |
| Goodwill | $80M | $26M | $90M | $114M | $94M | $94M | $97M | $124M | $130M | $131M |
| Total assets | $1.4B | $1.4B | $1.6B | $2.5B | $2.0B | $2.0B | $2.0B | $2.1B | $2.0B | $1.9B |
| Total current liabilities | $317M | $328M | $463M | $680M | $753M | $759M | $636M | $622M | $590M | $597M |
| Long-term debt | — | — | — | — | $272M | $226M | — | — | — | — |
| Total liabilities | $491M | $466M | $788M | $1.7B | $1.7B | $1.6B | $1.6B | $1.7B | $1.7B | $1.7B |
| Shareholders' equity | $942M | $955M | $832M | $721M | $243M | $412M | $433M | $359M | $275M | $280M |
| Net debt | -$111M | -$176M | -$99M | -$87M | $275M | $153M | -$59M | -$42M | -$38M | -$44M |
Cash flow
Fiscal years, from Designer Brands's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $213M | $191M | $175M | $197M | -$154M | $171M | $201M | $162M | $82M | $110M |
| Capital spending | $88M | $56M | $65M | $78M | $31M | $33M | $55M | $55M | $51M | $32M |
| Free cash flow | $125M | $135M | $110M | $119M | -$185M | $138M | $146M | $107M | $31M | $78M |
| Stock-based compensation | $13M | $15M | $17M | $17M | $20M | $24M | $29M | $29M | $19M | $19M |
| Dividends paid | $65M | $64M | $80M | $73M | $7M | $0 | $13M | $12M | $10M | $10M |
| Share buybacks (net) | -$50M | -$9M | -$48M | -$142M | $0 | $0 | -$148M | -$102M | -$69M | $0 |
| Free cash flow margin | 4.6% | 4.8% | 3.5% | 3.4% | -8.3% | 4.3% | 4.4% | 3.5% | 1.0% | 2.7% |
| Dividends per share | $0.79 | $0.79 | $1.00 | $0.97 | $0.10 | — | $0.19 | $0.19 | $0.19 | $0.20 |
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Open DBI in InvestinglyQuestions
What was Designer Brands's revenue in 2026?
$2.9B in fiscal 2026, from its 10-K filing.
How much free cash flow does Designer Brands generate?
$78M in fiscal 2026 (operating cash flow minus capital spending).
From Designer Brands's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.