OLLI Ollie's Bargain Outlet Holdings, Inc.

Overview and Growth

In fiscal 2025, Ollie's Bargain Outlet Holdings, Inc. recorded $2.65B of revenue, net income of $240.60M, and an operating cash inflow of $296.54M. At $2.65B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 16.6% above fiscal 2024 revenue of $2.27B, marking a year-over-year increase. Diluted earnings per share were $3.89, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 20.4% increase from fiscal 2024 diluted EPS of $3.23. Revenue equaled 0.9x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $1.07B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 40.5% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was $297.67M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 11.2% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $240.60M for the fiscal year. Net margin was 9.1%, meaning that this portion of revenue remained as net income after all recognized expenses. Pretax income was $316.38M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 11.9% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $75.79M of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 24.0%, without assuming a statutory-rate comparison. Return on period-end equity was 12.7%, relating annual net income to the equity capital on the balance sheet.

Liquidity and Capital Structure

The company held $2.95B of assets against $1.07B of liabilities and $1.89B of equity, revealing how the asset base was financed. At period end, current assets of $964.07M compared with current liabilities of $400.45M, defining the company’s short-term resource position. The current ratio was 2.41x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $259.68M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 64.8%, excluding receivables and other current assets. Relative to total assets, liabilities measured 36.1%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 8.8%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $2.56B in fiscal 2024, the current asset base moved 15.4% and finished higher.

Cash Flow and Earnings Quality

The company reported $296.54M of operating cash flow, a cash inflow that shows the cash generated by operations. Operating cash flow equaled 1.23x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $101.88M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital spending absorbed 34.4% of operating cash flow, quantifying the share of cash from operations directed to investment. After capital spending, free cash flow was $194.66M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 7.3%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 6.6%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Jan 31, 2026. Analysis generated Oct 21, 2026.