Burlington Stores, Inc. BURL

Consumer discretionary SIC 5311 - Retail-Department Stores NAICS Retail Trade › General Merchandise Retailers derived NYSE

We are a nationally recognized off-price retailer of high-quality, branded merchandise at everyday low prices. We opened our first store in Burlington, New Jersey in 1972, selling primarily coats and outerwear. Since then, we have expanded our store base to 1,212 stores as of January 31, 2026, in 46 states, Washington D.C. and Puerto Rico. We have diversified our product categories by offering an extensive selection of in-season, fashion-focused merchandise at up to 60% off other retailers' prices, including: women's ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats.

We continue to focus on several ongoing strategic initiatives aimed at operating with flexibility, responsiveness, and efficiency in everything we do, while delivering great value to our customers through continued improvement in the execution of our off-price model. These initiatives include, but are not limited to, those discussed under "Ongoing Initiatives for Fiscal 2026" in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations.

Last close 247.63 2026-10-23
Market cap $15.55B 2026-08-01 share count
52-week range 226.85 - 378.33

Valuation FY2025 figures against the last close

P/S1.3x
P/E26.0x
P/FCF90.7x
EV/EBITDA—
Dividend yield—
Diluted EPS9.51

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $11.55B$10.62B$9.71B$8.68B$9.31B$5.75B$7.26B$6.64B$6.08B$5.57B
Cost of revenue $6.49B$6.03B$5.58B$5.17B$5.44B$3.56B$4.23B$3.87B$3.56B$3.30B
Gross profit $5.06B$4.59B$4.12B$3.51B$3.87B$2.20B$3.03B$2.77B$2.53B$2.27B
SG&A $3.82B$3.55B$3.29B$2.88B$2.87B$2.33B$2.23B$2.02B$1.86B$1.72B
Total operating expenses $10.75B$9.96B$9.26B$8.40B$8.78B$6.20B$6.71B$6.16B$5.68B$5.26B
Interest expense $71.0M$69.5M$78.4M———————
Pre-tax income $816.1M$674.8M$465.8M$307.5M$545.3M-$437.6M$580.5M$507.6M$429.0M$333.2M
Income tax $206.0M$171.2M$126.1M$77.4M$136.5M$221.1M$115.4M$92.8M$44.1M$117.3M
Net income $610.2M$503.6M$339.6M$230.1M$230.1M-$216.5M$465.1M$414.7M$384.9M$215.9M
EPS, basic 9.697.915.253.516.14-3.287.056.215.643.06
EPS, diluted 9.517.805.233.496.00-3.286.916.045.483.01
Shares, diluted (wtd. avg.) 64.1M64.6M64.9M65.9M68.1M66.0M67.3M68.7M70.3M71.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.23B$994.7M$925.4M$872.6M$1.09B$1.38B$403.1M$112.3M$133.3M$81.6M
Receivables $105.3M$88.1M$74.4M$71.1M$54.1M$62.2M$91.5M$58.8M$71.6M$43.3M
Inventory $1.31B$1.25B$1.09B$1.18B$1.02B$740.8M$777.2M$954.2M$752.6M$701.9M
Total current assets $2.77B$2.63B$2.33B$2.28B$2.55B$2.51B$1.42B$1.27B$1.10B$928.3M
Property, plant and equipment $3.16B$2.37B$1.88B$1.67B$1.55B$1.44B$1.40B$1.25B$1.13B$1.05B
Goodwill $47.1M$47.1M$47.1M$47.1M$47.1M$47.1M$47.1M$47.1M$47.1M$47.1M
Other intangibles ——————$731.0K$164.3M$188.9M$213.2M
Total assets $9.92B$8.77B$7.71B$7.27B$7.09B$6.78B$5.59B$3.08B$2.81B$2.57B
Accounts payable $1.02B$1.04B$956.4M$955.8M$1.08B$862.6M$759.1M$848.6M$736.3M$640.3M
Short-term debt $50.6M—————————
Total current liabilities $2.25B$2.27B$2.03B$1.91B$1.95B$1.68B$1.46B$1.25B$1.12B$996.8M
Long-term debt $2.03B$1.70B$1.39B$1.49B$1.53B$2.07B$961.4M———
Retained earnings $2.10B$1.49B$984.1M$644.4M$414.3M-$11.7M$204.8M-$260.9M-$675.7M-$1.06B
Total equity $1.81B$1.37B$996.9M$794.9M$760.4M$464.8M$528.1M$322.7M$86.8M-$49.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.23B$863.4M$868.7M$596.4M$833.2M$219.2M$891.7M$639.7M$607.2M$615.9M
Depreciation and amortisation $417.9M$347.6M$307.1M$270.4M$249.2M$220.4M$210.7M$217.9M$201.1M$183.6M
Stock-based compensation $106.7M$87.6M$83.9M$67.5M$58.5M$55.8M$43.9M$35.5M$27.0M$16.0M
Capital expenditure $1.06B$880.4M$492.6M$447.4M$352.5M$273.3M$328.4M$295.8M$268.2M$187.5M
Investing cash flow -$1.06B-$882.3M-$503.7M-$423.1M-$344.4M-$274.1M-$324.6M-$298.5M-$262.2M-$180.4M
Financing cash flow $61.5M$88.2M-$318.8M-$391.7M-$778.0M$1.03B-$291.6M-$368.1M-$293.4M-$374.9M
Buybacks $278.4M$256.3M$243.2M$316.9M$266.6M$65.5M$323.1M$228.9M$289.8M$202.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-116001.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 5.6B Gross profit, FY2016: 2.3B Net income, FY2016: 215.9M Revenue, FY2017: 6.1B Gross profit, FY2017: 2.5B Net income, FY2017: 384.9M Revenue, FY2018: 6.6B Gross profit, FY2018: 2.8B Net income, FY2018: 414.7M Revenue, FY2019: 7.3B Gross profit, FY2019: 3B Net income, FY2019: 465.1M Revenue, FY2020: 5.8B Gross profit, FY2020: 2.2B Net income, FY2020: -216.5M Revenue, FY2021: 9.3B Gross profit, FY2021: 3.9B Net income, FY2021: 230.1M Revenue, FY2022: 8.7B Gross profit, FY2022: 3.5B Net income, FY2022: 230.1M Revenue, FY2023: 9.7B Gross profit, FY2023: 4.1B Net income, FY2023: 339.6M Revenue, FY2024: 10.6B Gross profit, FY2024: 4.6B Net income, FY2024: 503.6M Revenue, FY2025: 11.5B Gross profit, FY2025: 5.1B Net income, FY2025: 610.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $5.57B $6.08B $6.64B $7.26B $5.75B $9.31B $8.68B $9.71B $10.62B $11.55B
Gross profit $2.27B $2.53B $2.77B $3.03B $2.20B $3.87B $3.51B $4.12B $4.59B $5.06B
Net income $215.9M $384.9M $414.7M $465.1M -$216.5M $230.1M $230.1M $339.6M $503.6M $610.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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