stockrow
Monday 9 November 2026
Export BURL’s income statement to Excel — free account
Burlington Stores, Inc.
BURLConsumer Cyclical Apparel Retail
Burlington Stores, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $11.6 billion, up 8.76% from fiscal 2025.
- Revenue
- +11.0%
- EPS
- +95.9%
- Free cash flow
- +31.7%
- Total debt
- −6.17%
Quarter to July 2026, against a year earlier
246.76
4.01
−1.60%
Follow BURL
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jul ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 5,591 | 6,110 | 6,668 | 7,286 | 5,764 | 9,322 | 8,703 | 9,727 | 10,635 | 11,567 | 12,217 | +8.4% | 12,833 | 13,972 | 15,376 | +10.0% | |
| Gross margin, % | 41.02 | 41.75 | 41.99 | 41.96 | 38.32 | 41.69 | 40.57 | 42.59 | 43.34 | 43.92 | 44.58 | +2.9 pt | ||||||
| EBT | 333 | 429 | 508 | 581 | (438) | 545 | 308 | 466 | 675 | 816 | 941 | +10.5% | ||||||
| EBT margin, % | 5.96 | 7.02 | 7.61 | 7.97 | (7.59) | 5.85 | 3.53 | 4.79 | 6.35 | 7.06 | 7.70 | +1.1 pt | ||||||
| Net income | 216 | 385 | 415 | 465 | (216) | 409 | 230 | 340 | 504 | 610 | 714 | +12.2% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 79.33 | 89.48 | 99.81 | 110.50 | 87.38 | 140.00 | 132.59 | 150.41 | 167.12 | 183.65 | 194.32 | +9.8% | |||||
| Earnings | 3.01 | 5.48 | 6.04 | 6.91 | (3.28) | 6.00 | 3.49 | 5.23 | 7.80 | 9.51 | 11.14 | +13.6% | ||||||
| Cash flow | 8.74 | 8.89 | 9.57 | 13.52 | 3.32 | 12.51 | 9.09 | 13.43 | 13.57 | 19.55 | 22.52 | +9.4% | ||||||
| Capex | (2.56) | (3.93) | (4.34) | (4.98) | (4.14) | (5.16) | (6.39) | (7.41) | (13.68) | (16.39) | (15.96) | +22.9% | ||||||
| Free cash flow | 6.18 | 4.97 | 5.24 | 8.54 | (0.82) | 7.35 | 2.70 | 6.02 | (0.11) | 3.16 | 6.56 | (7.2%) | ||||||
| Book value | (0.71) | 1.27 | 4.83 | 8.01 | 7.05 | 11.42 | 12.11 | 15.42 | 21.54 | 28.69 | 31.85 | n/m | ||||||
| Shares, m | 70 | 68 | 67 | 66 | 66 | 67 | 66 | 65 | 64 | 63 | 63 | (1.2%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 27.72 | 22.09 | 28.38 | 31.38 | 0.00 | 39.42 | 65.48 | 36.41 | 36.45 | 31.37 | 22.15 | 31.9 | |||||
| P/S | 1.06 | 1.36 | 1.72 | 1.97 | 2.84 | 1.69 | 1.73 | 1.27 | 1.70 | 1.63 | 1.27 | 1.7 | ||||||
| P/B | 0.00 | 95.78 | 35.55 | 27.15 | 35.25 | 20.75 | 18.98 | 12.40 | 13.18 | 10.41 | 7.75 | 26.9 | ||||||
| EV/Sales | 1.24 | 1.52 | 1.85 | 2.05 | 2.94 | 1.74 | 1.80 | 1.32 | 1.77 | 1.70 | 1.37 | 1.8 | ||||||
| EV/FCF | 15.88 | 27.36 | 35.22 | 26.51 | (312.84) | 33.18 | 88.62 | 32.97 | (2,580.53) | 98.74 | 40.58 | (253.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 616 | 607 | 640 | 892 | 219 | 833 | 596 | 869 | 863 | 1,231 | 1,415 | +8.0% | |||||
| Capex | (180) | (268) | (290) | (328) | (273) | (344) | (419) | (479) | (871) | (1,032) | (1,003) | +21.4% | ||||||
| Free cash flow | 436 | 339 | 350 | 563 | (54) | 489 | 177 | 390 | (7) | 199 | 412 | (8.3%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (69) | (19) | 24 | (45) | 827 | 600 | 372 | 298 | 356 | 522 | 380 | n/m | |||||
| Net debt | 1,021 | 966 | 852 | 596 | 545 | 458 | 597 | 483 | 716 | 850 | 1,210 | (2.0%) | ||||||
| Shareholders’ equity | (50) | 87 | 323 | 528 | 465 | 760 | 795 | 997 | 1,370 | 1,807 | 2,002 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 8.39 | 14.29 | 14.08 | 10.73 | (3.50) | 5.90 | 3.21 | 4.54 | 6.11 | 6.53 | 7.38 | (1.9) pt | |||||
| ROIC | 25.30 | 29.13 | 30.07 | 35.11 | (21.03) | 39.44 | 17.46 | 23.55 | 21.39 | 20.38 | 19.27 | (4.9) pt | ||||||
| ROE | (290.09) | 2,082.43 | 202.57 | 109.33 | (43.61) | 66.74 | 29.59 | 37.91 | 42.55 | 38.40 | 41.41 | +328.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 40,000 | 40,000 | 44,000 | 47,000 | 47,000 | 62,395 | 61,166 | 71,049 | 77,532 | 83,309 | — | +8.5% | |||||
| Revenue/emp, $m | 0.14 | 0.15 | 0.15 | 0.16 | 0.12 | 0.15 | 0.14 | 0.14 | 0.14 | 0.14 | — | (0.1%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jan 2026 · latest quarter Jul 2026
Business profile
Burlington Stores, Inc. vs peers in Apparel Retail (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ROST Ross Stores, Inc. | $73.8B | 27.7× | 26.3× | +13.31% (above 0%: growing) | +70.70% (above 0%: growing) | +33.83% (above 0%: growing) | 33.83% | 17.62% | Compare |
| BURL Burlington Stores, Inc. | $15.5B | 22.2× | 21.5× | +10.99% (above 0%: growing) | +95.92% (above 0%: growing) | +31.74% (above 0%: growing) | 46.24% | 8.51% | |
| LULU lululemon athletica inc. | $12.8B | 9.1× | 11.5× | −4.34% (below 0%: shrinking) | −5.81% (below 0%: shrinking) | +49.33% (above 0%: growing) | 60.52% | 18.78% | Compare |
| VSXY Victoria's Secret & Co. | $8.6B | 24.3× | 21.1× | +10.42% (above 0%: growing) | +990.00% (above 0%: growing) | +272.73% (above 0%: growing) | 47.11% | 15.95% | Compare |
| GAP The Gap, Inc. | $7.6B | 6.3× | 5.8× | −1.99% (below 0%: shrinking) | +143.10% (above 0%: growing) | −47.71% (below 0%: shrinking) | 52.83% | 18.52% | Compare |
| URBN Urban Outfitters, Inc. | $7.3B | 13.0× | 11.9× | +10.44% (above 0%: growing) | +75.63% (above 0%: growing) | +92.47% (above 0%: growing) | 43.42% | 17.37% | Compare |
| ANF Abercrombie & Fitch Company | $6.4B | 12.6× | 11.1× | +4.81% (above 0%: growing) | +41.41% (above 0%: growing) | +296.59% (above 0%: growing) | 71.10% | 19.95% | Compare |
| BOOT Boot Barn Holdings, Inc. | $3.9B | 15.7× | 14.7× | +15.12% (above 0%: growing) | +25.80% (above 0%: growing) | +62.25% (above 0%: growing) | 37.21% | 12.07% | Compare |
| AEO American Eagle Outfitters, Inc. | $3.3B | 10.0× | 8.8× | +7.53% (above 0%: growing) | +77.78% (above 0%: growing) | +367.29% (above 0%: growing) | 48.69% | 15.32% | Compare |
| Median of peers | $7.4B | 12.8× | 11.7× | +8.98% | +73.16% | +77.36% | 47.90% | 17.50% |
From the latest earnings call
- CEO Michael O’Sullivan said Burlington plans to reinvest its tariff refunds in lower prices during the second half, with a neutral direct effect on full-year earnings.
- O’Sullivan said he was more cautious about consumers but expected Burlington to manage inventory and pursue sales if demand proved stronger than its forecast.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
102.85%
Held by the ten largest
59.17%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 6.81m | 10.84% | +275.31k |
| Vanguard | 6.54m | 10.42% | +127.82k |
| JPMorgan Chase | 6.28m | 10.00% | −221.76k |
| Capital Group | 5.55m | 8.84% | −1.60m |
| T. Rowe Price | 3.60m | 5.73% | −52.63k |
| State Street | 2.34m | 3.73% | +116.58k |
| Morgan Stanley | 2.11m | 3.36% | −156.14k |
| AQR Capital Management | 1.44m | 2.30% | +111.30k |
| Geode Capital Management | 1.28m | 2.03% | +5.87k |
| Fidelity (FMR) | 1.20m | 1.92% | +2.71k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 2 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 17.15m | 23.61m | 118.87 |
| 2025 | 15.40m | 38.25m | 114.07 |
| 2024 | 13.86m | 17.08m | 79.04 |
| 2023 | 12.83m | 2.84m | 90.95 |
| 2022 | 13.87m | 10.28m | 92.52 |
Ownership
Directors and executive officers, together
1.30%
Capital International Investors
13.90%
JPMorgan Chase & Co.
10.80%
BlackRock, Inc.
10.30%
The Vanguard Group
10.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Burlington Stores, Inc. (BURL) Latest News
5 Sep
28 Aug
27 Aug
BURL metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Burlington Stores is an off-price retailer: it buys branded merchandise from manufacturers and other suppliers and sells it at discounted prices in its stores. Its assortment includes women’s, men’s and children’s apparel, as well as shoes, accessories, beauty products, home goods, toys, gifts and coats. The company offers merchandise at up to 60% off other retailers’ prices.
Burlington opened its first store in Burlington, New Jersey in 1972. Michael O’Sullivan is its chief executive officer. The company’s core customer shops for themselves, their family and their home, seeking brands and value. Burlington aims to give shoppers a “treasure hunt” experience, with a frequently refreshed selection that encourages return visits.