Quality Investor

Ollie's Bargain Outlet Holdings, Inc.

Rank #171Op. Leverage

OLLI · Nasdaq · Consumer Defensive

Ollie's Bargain Outlet Holdings, Inc. (OLLI) — Rank #171 by gross profitability (GP/assets 0.35) · ROE 12.7% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0001639300 · all metrics point-in-time as of the filing date.

About

Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of closeout merchandise and excess inventory in the United States.

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The company offers health and beauty aids, food, candy, beverages, pet food and treats, laundry related products, and cleaning supplies; housewares and kitchen items, home decor products, furniture, household essential items, and home maintenance and utility items; patio furniture, air conditioners, fans, space heaters, toys, lawn and garden related products, outdoor items, holiday decor, gifts, and decorations products; books, stationery items, small electronic devices and accessories, clothing, sporting goods, pet products, automotive products, luggage and other general merchandise. It sells its products under the Ollie's, Ollie's Bargain Outlet, Good Stuff Cheap, Ollie's Army, Real Brands! Real Bargains, Sarasota Breeze, American Way brands. The company was formerly known as Bargain Holdings, Inc. and changed its name to Ollie's Bargain Outlet Holdings, Inc. in March 2015. Ollie's Bargain Outlet Holdings, Inc.

was founded in 1982 and is headquartered in Harrisburg, Pennsylvania.

Industry
Discount Stores
Sector
Consumer Defensive
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
January 30
Website
ollies.com

Price History

OLLI+2.5% · +0.5% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

$4.49B

P/E (annual)

19.4

P/S (annual)

1.7

P/B

2.4

P/OCF (annual)

15.1

Shareholder Yield

-0.0%

Employees

6,500

Industry

Discount Stores

Exchange

Nasdaq

Signal Flags

4 green
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak

Quality Profile

Profitability

1/1 pass
GP / assets
0.35
Return on equity
12.7%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.60
Current ratio
2.23×
Net cash
$120.77M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.5%

Growth

2/2 pass
Revenue growth
16.6%
Piotroski F-Score
N/A
Share dilution
0.0%

Terry Smith quality gate

Passes 0/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

10.2%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 0.0% — per-share value needs a total required return of 10.2% once share-count change is priced in.

vs. own 6-year median revenue growth: 11.6%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

5.7%

r = 10% (base)

10.2%

r = 12%

14.0%

Net debt / market cap: -2.6%

Base FCF: $194.7M3Y mean FCF: $143.9M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

26.2xFair
17.8xmed 30.2x88.9x

P / S

Price / revenue per share

2.4xFair
1.6xmed 2.7x6.0x

P / B

Price / book value per share

3.3xFair
2.2xmed 3.6x8.2x

P / GP

Price / gross profit per share

5.9xFair
4.1xmed 6.6x14.8x

P / FCF

Price / free cash flow per share

32.3xCheap
16.3xmed 67.4x279.1x

Operating margin expansion and free cash flow are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.35

Primary signal (Novy-Marx).

5th of 6 SIC 53 peers

Return on equity

12.7%

Gross margin

40.5%

1st of 6 SIC 53 peers

Revenue growth (YoY)

16.6%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

13.2%

Revenue CAGR (5Y)

7.9%

Earnings CAGR (3Y)

32.8%

FCF CAGR (3Y)

45.9%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.60

1st of 6 SIC 53 peers (best = lowest)

Current ratio

2.23×

3rd of 6 SIC 53 peers

Quick ratio

0.31×

Net cash

$120.77M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$194.66M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

-0.19

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.5%

Stock-based comp intensity.

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20212026
Hypergrowth
Capital Return
Value
Op. Leverage