Burlington Stores Inc. (BURL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$2.19	$2.96	+35.2%	—	$3B	—
Q1 27	$1.8	$2.01	+11.7%	—	$2.9B	—
Q4 26	$4.75	$4.89	+2.9%	—	$3.6B	—
Q3 26	$1.64	$1.68	+2.4%	—	$2.7B	—
Q2 26	$1.29	$1.59	+23.3%	—	$2.7B	—
Q1 26	$1.43	$1.2	-16.1%	—	$2.5B	—
Q4 25	$3.77	$4.07	+8.0%	—	$3.3B	—
Q3 25	$1.55	$1.55	0.0%	—	$2.5B	—
Q2 25	$0.96	$1.2	+25.0%	—	$2.5B	—
Q1 25	$1.05	$1.35	+28.6%	—	$2.4B	—
Q4 24	$3.3	$3.66	+10.9%	—	$3.1B	—
Q3 24	$0.98	$0.98	0.0%	—	$2.3B	—
Q2 24	$0.46	$0.6	+30.4%	—	$2.2B	—
Q1 24	$0.92	$0.84	-8.7%	—	$2.1B	—
Q4 23	$2.73	$2.96	+8.4%	—	$2.7B	—
Q3 23	$0.52	$0.43	-17.3%	—	$2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$9.73	—	—	$11.6B	—
FY25	—	$7.93	—	—	$10.6B	—
FY24	—	$5.25	—	—	$9.7B	—
FY23	—	$3.51	—	—	$8.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$5.6B	$6.1B	$6.7B	$7.3B	$5.8B	$9.3B	$8.7B	$9.7B	$10.6B	$11.6B
YoY change	+8.99%	+9.28%	+9.14%	+9.27%	-20.9%	+61.7%	-6.65%	+11.8%	+9.33%	+8.76%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5.6B	6.1B	6.7B	7.3B	5.8B	9.3B	8.7B	9.7B	10.6B	11.6B
Cost of revenue	3.3B	3.6B	3.9B	4.2B	3.6B	5.4B	5.2B	5.6B	6B	6.5B
Gross profit	2.3B	2.6B	2.8B	3.1B	2.2B	3.9B	3.5B	4.1B	4.6B	5.1B
Gross margin	41%	41.7%	42%	42%	38.3%	41.7%	40.6%	42.6%	43.3%	43.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.7B	1.9B	2B	2.2B	2.3B	2.9B	2.9B	3.3B	3.5B	3.8B
Operating expenses	1.7B	1.9B	2B	2.2B	2.3B	2.9B	2.9B	3.3B	3.5B	3.8B
Operating income	386.7M	486.3M	563.7M	618.8M	-338.4M	768.4M	383.1M	548M	715M	844.9M
Operating margin	6.92%	7.96%	8.45%	8.49%	-5.87%	8.24%	4.4%	5.63%	6.72%	7.3%
Non-operating income, net	2.6M	1.5M	-165K	12.6M	-1.5M	-155.6M	-9.2M	-3.9M	29.3M	21.3M
Pretax income	333.2M	429M	507.6M	580.5M	-437.6M	545.3M	307.5M	465.8M	674.8M	816.1M
Income tax	117.3M	44.1M	92.8M	115.4M	-221.1M	136.5M	77.4M	126.1M	171.2M	206M
Net income	215.9M	384.9M	414.7M	465.1M	-216.5M	408.8M	230.1M	339.6M	503.6M	610.2M
Net margin	3.86%	6.3%	6.22%	6.38%	-3.76%	4.39%	2.64%	3.49%	4.74%	5.27%
EBITDA	581.2M	696.3M	792.6M	846M	-109.6M	1B	680.4M	896M	1.1B	1.3B
EPS	3.01	5.48	6.15	7.02	-3.26	6.15	3.51	5.25	7.93	9.73
Diluted EPS	3.01	5.48	6.04	6.91	-3.28	6	3.49	5.23	7.8	9.51

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	2.3B	3.1B	2.4B	2.5B	2.5B	3.3B	2.5B	2.7B	2.7B	3.6B	2.9B	3B
Cost of revenue	1.3B	1.8B	1.3B	1.4B	1.4B	1.9B	1.4B	1.5B	1.5B	2.1B	1.6B	1.6B
Gross profit	991.5M	1.3B	1B	1.1B	1.1B	1.4B	1.1B	1.2B	1.2B	1.6B	1.3B	1.4B
Gross margin	43.3%	42.8%	43.7%	42.9%	44%	43%	43.9%	43.8%	44.3%	43.7%	44.2%	46.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	826.8M	930.6M	825.2M	864M	893.1M	964.7M	868.1M	949.9M	947.5M	1.1B	989.4M	1B
Operating expenses	826.8M	930.6M	825.2M	864M	893.1M	964.7M	868.1M	949.9M	947.5M	1.1B	989.4M	1B
Operating income	88.6M	320.1M	123.6M	106.8M	132M	352.6M	139.1M	140.7M	153.8M	411.4M	167.7M	255.1M
Operating margin	3.87%	10.2%	5.24%	4.33%	5.22%	10.8%	5.55%	5.2%	5.67%	11.3%	5.87%	8.5%
Non-operating income, net	-2.1M	13.3M	2.7M	9.5M	3.8M	13.4M	9.6M	4M	-1.5M	18M	-14.7M	579K
Pretax income	66.9M	313.6M	109.6M	99.7M	118M	347.5M	132.9M	127.3M	138.1M	417.9M	142.7M	242.1M
Income tax	18.3M	86.1M	31.1M	25.9M	27.4M	86.7M	32M	33.1M	33.3M	107.5M	27.9M	57.8M
Net income	48.6M	227.5M	78.5M	73.8M	90.6M	260.8M	100.8M	94.2M	104.8M	310.4M	114.7M	184.3M
Net margin	2.12%	7.28%	3.32%	2.99%	3.58%	7.96%	4.03%	3.48%	3.86%	8.51%	4.02%	6.14%
EBITDA	177.1M	420.7M	216.5M	202.9M	232.3M	459.1M	241.1M	241.1M	260.3M	572.5M	279.9M	379.4M
EPS	0.75	—	1.23	1.16	1.42	4.11	1.6	1.49	1.66	4.95	1.83	2.93
Diluted EPS	0.75	—	1.22	1.15	1.4	4.02	1.58	1.47	1.63	4.84	1.79	2.88

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	6B	8.6B	11.5B	14.3B	16.5B	15.8B	15.1B	12.4B	18B	18.6B	16.7B
Enterprise value	7.1B	9.5B	12.4B	17.6B	19.8B	19.1B	18.9B	16.2B	22.3B	23.3B	21.2B
Shares outstanding	71.7M	70.3M	67.1M	65.9M	66.4M	66.5M	65.6M	64.7M	63.3M	62.7M	62.7M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	27.8	22.2	27.8	30.8	—	38.5	65.6	36.4	35.7	30.4	22.9
P/S	1.07	1.4	1.73	1.97	2.87	1.69	1.73	1.27	1.69	1.6	1.31
P/B	-120.5	98.6	35.7	27.1	35.6	20.7	19	12.4	13.1	10.3	7.99
EV/EBITDA	12.1	13.7	15.6	20.8	-180.4	18.6	27.8	18.1	20.1	17.7	15.6
EV/Sales	1.26	1.56	1.86	2.41	3.43	2.05	2.17	1.67	2.1	2.02	1.74
Earnings yield	3.6%	4.5%	3.6%	3.24%	—	2.6%	1.53%	2.75%	2.8%	3.29%	4.37%
FCF yield	7.14%	3.96%	2.91%	3.92%	-0.33%	3.05%	0.96%	2.84%	-0.16%	0.8%	0.64%
PEG	—	—	—	—	—	—	—	—	—	—	0.24

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	41%	41.7%	42%	42%	38.3%	41.7%	40.6%	42.6%	43.3%	43.9%	46.2%
Operating margin	6.92%	7.96%	8.45%	8.49%	-5.87%	8.24%	4.4%	5.63%	6.72%	7.3%	6.72%
Net margin	3.86%	6.3%	6.22%	6.38%	-3.76%	4.39%	2.64%	3.49%	4.74%	5.27%	5.85%
ROE	-433.4%	443.5%	128.5%	88.1%	-46.6%	53.8%	28.9%	34.1%	36.7%	33.8%	41.4%
ROA	8.39%	13.7%	13.5%	8.31%	-3.19%	5.77%	3.17%	4.41%	5.74%	6.15%	6.15%
ROIC	25.1%	40.4%	38.5%	13.2%	-9.09%	14%	6.2%	8.2%	9.28%	9.6%	10.4%
Return on tangible assets	13.7%	20.6%	19%	9.26%	-3.49%	6.27%	3.43%	4.76%	6.14%	6.53%	7.54%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	0.93	0.98	1.02	0.97	1.49	1.31	1.19	1.15	1.16	1.23	1.17
Quick ratio	0.23	0.31	0.25	0.44	1.05	0.78	0.58	0.61	0.61	0.65	0.47
Debt / equity	-22.7	13	3.06	6.87	9.98	5.86	5.92	4.82	3.92	3.32	2.95
Debt / assets	0.44	0.4	0.32	0.65	0.68	0.63	0.65	0.62	0.61	0.61	0.59
Net debt / EBITDA	1.8	1.43	1.1	3.81	-29.7	3.27	5.63	4.33	3.94	3.63	3.49
Interest coverage	6.93	8.3	10.1	12.4	-3.48	9.08	5.63	6.94	10.7	12.5	13.7
Effective tax rate	35.2%	10.3%	18.3%	19.9%	0%	25%	25.2%	27.1%	25.4%	25.2%	24.1%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	78	86.9	99.3	110.5	86.8	140.2	132.6	150.4	168	184.4	194.2
EPS (basic)	3.01	5.48	6.15	7.02	-3.26	6.15	3.51	5.25	7.93	9.73	9.73
EPS (diluted)	3.01	5.48	6.04	6.91	-3.28	6	3.49	5.23	7.8	9.51	11.1
Book value per share	-0.69	1.23	4.81	8.01	7	11.4	12.1	15.4	21.7	28.8	31.9
FCF per share	5.97	4.82	4.99	8.51	-0.81	7.22	2.21	5.43	-0.45	2.37	6.1
Cash per share	1.14	1.9	1.67	6.11	20.8	16.4	13.3	14.3	15.7	19.7	11.2
Capex per share	2.51	3.82	4.44	5.01	4.12	5.18	6.45	7.79	13.9	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	3.22%	4.39%	4.47%	4.53%	4.74%	3.69%	4.86%	5.18%	8.3%	—	—
Capex / operating cash flow	28.9%	41.6%	46.7%	36.7%	70%	47.5%	134.1%	55.4%	98.5%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$2.3B	$3.1B	$2.4B	$2.5B	$2.5B	$3.3B	$2.5B	$2.7B	$2.7B	$3.6B	$2.9B	$3B
YoY change	+12.2%	+13.9%	+10.5%	+13.4%	+10.5%	+4.82%	+6.03%	+9.72%	+7.1%	+11.3%	+14.1%	+11%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	81.6M	133.3M	112.3M	403.1M	1.4B	1.1B	872.6M	925.4M	994.7M	1.2B
Receivables	43.3M	71.6M	58.8M	91.5M	62.2M	54.1M	71.1M	74.4M	88.1M	105.3M
Inventory	701.9M	752.6M	954.2M	777.2M	740.8M	1B	1.2B	1.1B	1.3B	1.3B
Total current assets	928.3M	1.1B	1.3B	1.4B	2.5B	2.5B	2.3B	2.3B	2.6B	2.8B
Property, plant & equipment	597M	669.6M	768.4M	3.3B	3.4B	3.7B	4.2B	4.6B	5.4B	6.2B
Goodwill & intangibles	996.5M	948M	898.8M	570.1M	570.1M	570.1M	570.1M	570.1M	570.1M	570.1M
Total assets	2.6B	2.8B	3.1B	5.6B	6.8B	7.1B	7.3B	7.7B	8.8B	9.9B
Accounts payable	640.3M	736.3M	848.6M	759.1M	862.6M	1.1B	955.8M	956.4M	1B	1B
Short-term debt	1.6M	13.2M	2.9M	305.8M	308.5M	373.1M	414.7M	425.1M	577.8M	496.1M
Total current liabilities	996.8M	1.1B	1.2B	1.5B	1.7B	1.9B	1.9B	2B	2.3B	2.2B
Long-term debt	1.1B	1.1B	983.6M	3.3B	4.3B	4.1B	4.3B	4.4B	4.8B	5.5B
Total liabilities	2.6B	2.7B	2.8B	5.1B	6.3B	6.3B	6.5B	6.7B	7.4B	8.1B
Shareholders' equity	-49.8M	86.8M	322.7M	528.1M	464.8M	760.4M	794.9M	996.9M	1.4B	1.8B
Total debt	1.1B	1.1B	986.6M	3.6B	4.6B	4.5B	4.7B	4.8B	5.4B	6B
Net debt	1B	993.7M	874.3M	3.2B	3.3B	3.4B	3.8B	3.9B	4.4B	4.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	615.9M	925.4M	742.3M	659.9M	857.8M	994.7M	371.1M	747.6M	584.1M	1.2B	747.4M	703.7M
Receivables	91.6M	74.4M	100.7M	99.7M	102.9M	88.1M	106.7M	111.2M	116.2M	105.3M	114M	128.1M
Inventory	1.3B	1.1B	1.1B	1.2B	1.4B	1.3B	1.3B	1.4B	1.7B	1.3B	1.4B	1.5B
Total current assets	2.2B	2.3B	2.2B	2.3B	2.7B	2.6B	2.1B	2.6B	2.7B	2.8B	2.5B	2.6B
Property, plant & equipment	4.9B	4.6B	5.1B	5.2B	5.4B	5.4B	6.1B	6.4B	6.6B	6.2B	6.9B	7.1B
Goodwill & intangibles	570.1M	570.1M	570.1M	570.1M	570.1M	570.1M	570.1M	570.1M	570.1M	570.1M	570.1M	570.1M
Total assets	7.5B	7.7B	7.7B	7.8B	8.4B	8.8B	8.5B	9.3B	9.6B	9.9B	9.8B	10B
Accounts payable	939.7M	956.4M	929.8M	1B	1.1B	1B	914.6M	1B	1.1B	1B	1.1B	1.1B
Short-term debt	426.3M	425.1M	564.6M	556.7M	572.7M	577.8M	412.4M	412.8M	425.3M	496.1M	457.7M	468.8M
Total current liabilities	2B	2B	2.1B	2.2B	2.3B	2.3B	2B	2.1B	2.2B	2.2B	2.2B	2.2B
Long-term debt	4.4B	4.4B	4.3B	4.3B	4.7B	4.8B	4.9B	5.4B	5.5B	5.5B	5.4B	5.4B
Total liabilities	6.6B	6.7B	6.7B	6.8B	7.3B	7.4B	7.2B	7.9B	8.1B	8.1B	7.9B	8B
Shareholders' equity	850.5M	996.9M	1B	1.1B	1.1B	1.4B	1.4B	1.4B	1.5B	1.8B	1.8B	2B
Total debt	4.8B	4.8B	4.8B	4.8B	5.2B	5.4B	5.3B	5.8B	5.9B	6B	5.9B	5.9B
Net debt	4.2B	3.9B	4.1B	4.2B	4.4B	4.4B	5B	5.1B	5.4B	4.8B	5.1B	5.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	215.9M	384.9M	414.7M	465.1M	-216.5M	408.8M	230.1M	339.6M	503.6M	610.2M
Depreciation & amortization	183.6M	201.1M	217.9M	210.7M	220.4M	249.2M	270.4M	307.1M	347.6M	417.9M
Stock-based compensation	16M	27M	35.5M	43.9M	55.8M	58.5M	67.5M	83.9M	87.6M	106.7M
Change in working capital	199.6M	26.7M	-64.6M	105.1M	272.4M	-91.2M	-254.5M	152.1M	-79.2M	-73.6M
Operating cash flow	622.9M	645.1M	638.4M	901M	390.4M	725.8M	315.5M	908.6M	895.9M	1.2B
Capital expenditure	-180.2M	-268.2M	-298.3M	-330.3M	-273.3M	-344.4M	-423.1M	-503.7M	-882.3M	—
Investing cash flow	-180.4M	-262.2M	-298.5M	-324.6M	-274.1M	-344.4M	-423.1M	-503.7M	-882.3M	—
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-202.4M	-289.8M	-228.9M	-323.1M	-65.5M	-266.6M	-316.9M	-243.2M	-256.3M	-278.4M
Financing cash flow	-379.4M	-302.5M	-384.4M	-325.8M	997.2M	-817.8M	-412.3M	-337.6M	56.6M	36.2M
Net change in cash	63.2M	80.4M	-44.4M	250.6M	1.1B	-436.5M	-520M	67.2M	70.2M	1.3B
Free cash flow	428.4M	339.1M	335.3M	561.4M	-54.1M	480.1M	145.3M	351.5M	-28.6M	148.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	48.6M	227.5M	78.5M	73.8M	90.6M	260.8M	100.8M	94.2M	104.7M	310.4M	114.7M	184.3M
Depreciation & amortization	76.1M	87.3M	82M	86.7M	87.5M	91.5M	91.8M	94.8M	99.3M	132M	104.6M	114M
Stock-based compensation	21.6M	26.2M	19.1M	24.8M	25.4M	18.3M	21.8M	32.4M	27.4M	25M	36.3M	32.1M
Change in working capital	74.9M	321.8M	-136M	-10.8M	-93.5M	161.2M	-250.1M	-17.3M	-11.4M	309M	-173.9M	-229.4M
Operating cash flow	232.2M	659.7M	51.4M	181.7M	114.9M	547.9M	-37.2M	179.4M	143.3M	937.5M	61.5M	273.2M
Capital expenditure	-133.6M	-192.5M	-165.5M	-196.7M	-173.6M	-346.4M	-412.7M	—	—	—	—	—
Investing cash flow	-133.6M	-192.5M	-165.5M	-196.7M	-173.6M	-346.4M	-412.7M	—	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-52.4M	-102.7M	-75.6M	-62.1M	-56.5M	-62.1M	-127.6M	-27.3M	-63.3M	-60.2M	-134.3M	-88M
Financing cash flow	-310M	-102M	-75.3M	-61.5M	256.4M	-63M	-184.8M	360.2M	-74.2M	-73.5M	-268.1M	-57.6M
Net change in cash	-211.5M	365.3M	-189.5M	-76.5M	197.7M	138.6M	-634.6M	539.6M	69.1M	864.1M	-206.7M	215.5M
Free cash flow	106.9M	406.2M	-116.2M	-36.3M	-63.7M	187.6M	-447M	-11.6M	-133M	720.5M	-228.2M	30.2M

Burlington Stores Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement