Burlington Stores, Inc. (BURL) 10-Year Financial Performance & Capital Metrics

BURL • • Industrial / General

Consumer CyclicalApparel RetailValue & Off-Price Apparel RetailersOff-Price Department Stores

AboutBurlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products. As of January 29, 2022, it operated 837 stores under the Burlington Stores name, 2 stores under the Cohoes Fashions name, and 1 store under the MJM Designer Shoes name in 45 states and Puerto Rico. Burlington Stores, Inc. was founded in 1972 and is headquartered in Burlington, New Jersey.Show more

Revenue $10.63B +9.3%
EBITDA $1.36B +21.3%
Net Income $504M +48.3%
EPS (Diluted) 7.80 +49.1%
Gross Margin 43.3% +1.8%
EBITDA Margin 12.81% +10.9%
Operating Margin 9.78% +13.4%
Net Margin 4.74% +35.6%
ROE 42.55% +12.2%
ROIC 14.67% +10.9%
Debt/Equity 3.92 -18.7%
Interest Coverage 14.95 +39.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 36.7%
✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗High debt to equity ratio of 3.9x
✗Negative free cash flow
✗Expensive at 14.6x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.21%

5Y7.86%

3Y4.49%

TTM6.82%

Profit (Net Income) CAGR

10Y22.54%

5Y1.6%

3Y7.2%

TTM19.18%

EPS CAGR

10Y24.53%

5Y2.45%

3Y9.14%

TTM19.18%

ROCE

10Y Avg23.22%

5Y Avg12.33%

3Y Avg14.82%

Latest17.07%

Peer Comparison

Off-Price Department Stores

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BURLBurlington Stores, Inc.	19.53B	310.30	39.78	9.34%	5.01%	36.7%		3.92
TJXThe TJX Companies, Inc.	175.61B	158.14	37.12	3.95%	8.59%	56.1%	2.39%	1.52
ROSTRoss Stores, Inc.	62.5B	193.23	30.57	3.69%	9.47%	35.45%	2.62%	1.03

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	5.11B	5.58B	6.1B	6.66B	7.28B	5.76B	9.31B	8.69B	9.72B	10.63B
Revenue Growth %	0.06%	0.09%	0.09%	0.09%	0.09%	-0.21%	0.62%	-0.07%	0.12%	0.09%
Cost of Goods Sold+	3.06B	3.3B	3.56B	3.87B	4.23B	3.56B	5.44B	5.17B	5.58B	6.03B
COGS % of Revenue	0.6%	0.59%	0.58%	0.58%	0.58%	0.62%	0.58%	0.59%	0.57%	0.57%
Gross Profit+	2.05B	2.28B	2.54B	2.79B	3.05B	2.2B	3.88B	3.52B	4.13B	4.6B
Gross Margin %	0.4%	0.41%	0.42%	0.42%	0.42%	0.38%	0.42%	0.41%	0.43%	0.43%
Gross Profit Growth %	0.07%	0.11%	0.11%	0.1%	0.09%	-0.28%	0.76%	-0.09%	0.17%	0.11%
Operating Expenses+	1.61B	1.74B	1.88B	2.04B	2.21B	2.32B	2.87B	2.88B	3.3B	3.56B
OpEx % of Revenue	0.32%	0.31%	0.31%	0.31%	0.3%	0.4%	0.31%	0.33%	0.34%	0.34%
Selling, General & Admin	1.6B	1.72B	1.86B	2.02B	2.19B	2.3B	2.85B	2.86B	3.27B	3.54B
SG&A % of Revenue	0.31%	0.31%	0.31%	0.3%	0.3%	0.4%	0.31%	0.33%	0.34%	0.33%
Research & Development	14.6M	15.4M	18.2M	19.4M	17.9M	16.9M	18.9M	21.2M	23M	25.7M
R&D % of Revenue	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	440.39M	545.19M	659.97M	752.63M	838.24M	-118.38M	1.01B	641.48M	838.04M	1.04B
Operating Margin %	0.09%	0.1%	0.11%	0.11%	0.12%	-0.02%	0.11%	0.07%	0.09%	0.1%
Operating Income Growth %	0.14%	0.24%	0.21%	0.14%	0.11%	-1.14%	9.54%	-0.37%	0.31%	0.24%
EBITDA+	597.89M	713.38M	842.88M	951.12M	1.03B	85.11M	1.24B	890.68M	1.12B	1.36B
EBITDA Margin %	0.12%	0.13%	0.14%	0.14%	0.14%	0.01%	0.13%	0.1%	0.12%	0.13%
EBITDA Growth %	0.11%	0.19%	0.18%	0.13%	0.08%	-0.92%	13.59%	-0.28%	0.26%	0.21%
D&A (Non-Cash Add-back)	157.5M	168.19M	182.9M	198.48M	192.82M	203.49M	230.32M	249.2M	284.06M	321.88M
EBIT	299.02M	386.14M	486.14M	589.82M	654.52M	-314.28M	790.27M	401.73M	563.29M	726.2M
Net Interest Income+	-59M	-56.16M	-58.78M	-55.99M	-50.83M	-97.77M	-67.5M	-66.47M	-78.4M	-69.52M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	59M	56.16M	58.78M	55.99M	50.83M	97.77M	67.5M	66.47M	78.4M	69.52M
Other Income/Expense	-201.51M	-211.98M	-230.99M	-245.05M	-257.71M	-319.24M	-465.76M	-333.97M	-372.26M	-364.22M
Pretax Income+	238.88M	333.21M	428.98M	507.58M	580.52M	-437.62M	545.3M	307.51M	465.77M	674.81M
Pretax Margin %	0.05%	0.06%	0.07%	0.08%	0.08%	-0.08%	0.06%	0.04%	0.05%	0.06%
Income Tax+	88.39M	117.34M	44.13M	92.84M	115.41M	-221.12M	136.46M	77.39M	126.12M	171.18M
Effective Tax Rate %	0.63%	0.65%	0.9%	0.82%	0.8%	0.49%	0.75%	0.75%	0.73%	0.75%
Net Income+	150.48M	215.87M	384.85M	414.75M	465.12M	-216.5M	408.84M	230.12M	339.65M	503.64M
Net Margin %	0.03%	0.04%	0.06%	0.06%	0.06%	-0.04%	0.04%	0.03%	0.03%	0.05%
Net Income Growth %	1.28%	0.43%	0.78%	0.08%	0.12%	-1.47%	2.89%	-0.44%	0.48%	0.48%
Net Income (Continuing)	150.48M	215.87M	384.85M	414.75M	465.12M	-216.5M	408.84M	230.12M	339.65M	503.64M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.99	3.01	5.48	6.04	6.91	-3.28	6.00	3.49	5.23	7.80
EPS Growth %	1.29%	0.51%	0.82%	0.1%	0.14%	-1.47%	2.83%	-0.42%	0.5%	0.49%
EPS (Basic)	2.03	3.06	5.64	6.21	7.05	-3.28	6.14	3.51	5.25	7.91
Diluted Shares Outstanding	75.44M	71.72M	70.29M	68.68M	67.29M	65.96M	68.13M	65.9M	64.92M	64.59M
Basic Shares Outstanding	74.11M	70.48M	68.29M	66.81M	65.94M	65.96M	66.59M	65.64M	64.67M	63.63M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	932.98M	928.32M	1.1B	1.27B	1.42B	2.51B	2.55B	2.28B	2.33B	2.63B
Cash & Short-Term Investments	20.91M	81.6M	133.29M	112.27M	403.07M	1.38B	1.09B	872.62M	925.36M	994.7M
Cash Only	20.91M	81.6M	133.29M	112.27M	403.07M	1.38B	1.09B	872.62M	925.36M	994.7M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	38.57M	43.25M	71.65M	58.75M	91.51M	62.16M	54.09M	71.09M	74.36M	88.08M
Days Sales Outstanding	2.75	2.83	4.29	3.22	4.59	3.94	2.12	2.98	2.79	3.03
Inventory	783.53M	701.89M	752.56M	954.18M	777.25M	740.79M	1.02B	1.18B	1.09B	1.25B
Days Inventory Outstanding	93.47	77.7	77.18	90.04	67.09	76.06	68.55	83.42	71.11	75.77
Other Current Assets	27.8M	27.8M	27.8M	21.88M	8.84M	13.24M	10.94M	158.1M	239.46M	295.25M
Total Non-Current Assets+	1.65B	1.65B	1.71B	1.81B	4.18B	4.27B	4.54B	4.99B	5.38B	6.14B
Property, Plant & Equipment	1.02B	1.05B	1.13B	1.25B	3.8B	3.91B	4.19B	4.61B	5.01B	5.76B
Fixed Asset Turnover	5.02x	5.32x	5.38x	5.31x	1.91x	1.47x	2.22x	1.88x	1.94x	1.85x
Goodwill	47.06M	47.06M	47.06M	47.06M	47.06M	47.06M	47.06M	47.06M	47.06M	47.06M
Intangible Assets	476.75M	451.18M	426.95M	402.32M	238.73M	238M	238M	238M	238M	238M
Long-Term Investments	0	0	4.54M	0	0	0	0	29.15M	29.07M	45.7M
Other Non-Current Assets	104.78M	90.5M	92.12M	99.82M	85.73M	72.76M	62.14M	54.45M	50.15M	52.03M
Total Assets+	2.58B	2.57B	2.81B	3.08B	5.59B	6.78B	7.09B	7.27B	7.71B	8.77B
Asset Turnover	1.98x	2.17x	2.17x	2.16x	1.30x	0.85x	1.31x	1.20x	1.26x	1.21x
Asset Growth %	-0.02%	-0%	0.09%	0.09%	0.82%	0.21%	0.05%	0.03%	0.06%	0.14%
Total Current Liabilities+	886.59M	996.83M	1.12B	1.25B	1.46B	1.68B	1.95B	1.91B	2.03B	2.27B
Accounts Payable	598.2M	640.33M	736.25M	848.56M	759.11M	862.64M	1.08B	955.79M	956.35M	1.04B
Days Payables Outstanding	71.36	70.88	75.5	80.07	65.52	88.57	72.57	67.46	62.51	62.89
Short-Term Debt	1.4M	1.64M	13.16M	2.92M	3.58M	3.9M	14.36M	13.63M	13.7M	170.89M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	286.99M	354.87M	370.21M	366.34M	397.03M	512.83M	493.69M	541.41M	647.34M	656.58M
Current Ratio	1.05x	0.93x	0.98x	1.02x	0.97x	1.49x	1.31x	1.19x	1.15x	1.16x
Quick Ratio	0.17x	0.23x	0.31x	0.25x	0.44x	1.05x	0.78x	0.58x	0.61x	0.61x
Cash Conversion Cycle	24.86	9.64	5.96	13.19	6.16	-8.57	-1.89	18.95	11.39	15.91
Total Non-Current Liabilities+	1.79B	1.63B	1.61B	1.51B	3.6B	4.63B	4.38B	4.56B	4.68B	5.13B
Long-Term Debt	1.3B	1.13B	1.11B	983.64M	1B	1.93B	1.54B	1.46B	1.39B	1.54B
Capital Lease Obligations	22M	0	0	0	2.32B	2.4B	2.54B	2.83B	2.98B	3.25B
Deferred Tax Liabilities	201.69M	207.94M	179.49M	178.78M	182.29M	199.85M	220.02M	205.99M	227.59M	259.26M
Other Non-Current Liabilities	257.05M	290.68M	313.13M	346.3M	97.8M	103.94M	80.9M	69.39M	73.79M	74.4M
Total Liabilities	2.68B	2.62B	2.73B	2.76B	5.07B	6.32B	6.33B	6.47B	6.71B	7.4B
Total Debt+	1.3B	1.13B	1.13B	986.57M	3.63B	4.64B	4.45B	4.7B	4.8B	5.37B
Net Debt	1.28B	1.05B	993.69M	874.29M	3.23B	3.26B	3.36B	3.83B	3.88B	4.38B
Debt / Equity	-	-	12.99x	3.06x	6.87x	9.98x	5.86x	5.92x	4.82x	3.92x
Debt / EBITDA	2.18x	1.58x	1.34x	1.04x	3.52x	54.49x	3.59x	5.28x	4.28x	3.95x
Net Debt / EBITDA	2.15x	1.47x	1.18x	0.92x	3.13x	38.27x	2.71x	4.30x	3.46x	3.22x
Interest Coverage	7.46x	9.71x	11.23x	13.44x	16.49x	-1.21x	14.98x	9.65x	10.69x	14.95x
Total Equity+	-99.02M	-49.81M	86.77M	322.71M	528.15M	464.75M	760.42M	794.9M	996.93M	1.37B
Equity Growth %	-0.5%	0.5%	2.74%	2.72%	0.64%	-0.12%	0.64%	0.05%	0.25%	0.37%
Book Value per Share	-1.31	-0.69	1.23	4.70	7.85	7.05	11.16	12.06	15.36	21.22
Total Shareholders' Equity	-99.02M	-49.81M	86.77M	322.71M	528.15M	464.75M	760.42M	794.9M	996.93M	1.37B
Common Stock	7K	7K	7K	7K	7K	7K	7K	8K	8K	8K
Retained Earnings	-1.28B	-1.06B	-675.66M	-260.92M	204.8M	-11.7M	414.29M	644.41M	984.06M	1.49B
Treasury Stock	-209.93M	-403.11M	-692.89M	-921.76M	-1.24B	-1.31B	-1.58B	-1.89B	-2.14B	-2.4B
Accumulated OCI	-8.99M	-7.19M	-1.89M	-3.61M	-18.96M	-23.02M	-4.44M	28.75M	33.53M	42.52M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	327.46M	602.45M	607.25M	639.65M	891.73M	219.18M	833.16M	596.38M	868.74M	863.38M
Operating CF Margin %	0.06%	0.11%	0.1%	0.1%	0.12%	0.04%	0.09%	0.07%	0.09%	0.08%
Operating CF Growth %	0.08%	0.84%	0.01%	0.05%	0.39%	-0.75%	2.8%	-0.28%	0.46%	-0.01%
Net Income	150.48M	215.87M	384.85M	414.75M	465.12M	-216.5M	408.84M	230.12M	339.65M	503.64M
Depreciation & Amortization	172.1M	183.59M	201.1M	217.88M	210.72M	220.39M	249.22M	270.4M	307.06M	347.57M
Stock-Based Compensation	11.16M	15.95M	27.03M	35.48M	43.93M	55.84M	58.55M	67.48M	83.95M	87.57M
Deferred Taxes	5.91M	-2.92M	-30.73M	2.52M	9.07M	-24.96M	51.95M	-25.43M	20.66M	28.64M
Other Non-Cash Items	18.1M	3.58M	41.09M	41.12M	71.4M	89.5M	212.12M	63.48M	55.65M	22.02M
Working Capital Changes	-30.29M	186.37M	-16.11M	-72.1M	91.5M	94.9M	-147.52M	-9.67M	61.76M	-126.07M
Change in Receivables	1.26M	-3.49M	-19.98M	3.48M	-8.82M	65.47M	10.19M	-13.01M	-4.46M	-14.25M
Change in Inventory	5.18M	81.05M	-50.67M	-201.62M	176.43M	36.46M	-280.22M	-160.97M	94.14M	-162.93M
Change in Payables	-23.48M	41.54M	97M	111.02M	-90.9M	104.61M	214.79M	-125.01M	-21.95M	86.5M
Cash from Investing+	-194.73M	-180.35M	-262.21M	-298.51M	-324.6M	-274.13M	-344.39M	-423.14M	-503.75M	-882.25M
Capital Expenditures	-201.79M	-187.51M	-268.19M	-304.31M	-330.34M	-273.28M	-353.04M	-451.1M	-517.28M	-880.38M
CapEx % of Revenue	0.04%	0.03%	0.04%	0.05%	0.05%	0.05%	0.04%	0.05%	0.05%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.81M	-132K	6K	5.54M	5.74M	-850K	0	0	13.54M	-11.6M
Cash from Financing+	-137.16M	-361.41M	-293.35M	-368.07M	-291.63M	1.03B	-777.96M	-391.71M	-318.84M	88.22M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	10.41M	11.15M	2.01M	13.59M	31.45M	-7.32M	23.89M	13.04M	23.42M	41.26M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	125.67M	414.94M	339.06M	335.34M	561.38M	-54.1M	480.12M	145.28M	351.45M	-28.61M
FCF Margin %	0.02%	0.07%	0.06%	0.05%	0.08%	-0.01%	0.05%	0.02%	0.04%	-0%
FCF Growth %	0.54%	2.3%	-0.18%	-0.01%	0.67%	-1.1%	9.87%	-0.7%	1.42%	-1.08%
FCF per Share	1.67	5.79	4.82	4.88	8.34	-0.82	7.05	2.20	5.41	-0.44
FCF Conversion (FCF/Net Income)	2.18x	2.79x	1.58x	1.54x	1.92x	-1.01x	2.04x	2.59x	2.56x	1.71x
Interest Paid	57.38M	51.59M	49.09M	52.17M	47.07M	48.39M	52.67M	0	88.15M	84.61M
Taxes Paid	84.68M	68.96M	109.58M	75.65M	110.59M	44.99M	130.25M	0	86.24M	170.26M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	2082.42%	202.57%	109.33%	-43.61%	66.74%	29.59%	37.91%	42.55%
Return on Invested Capital (ROIC)	28.18%	37.44%	47.6%	49.57%	25.39%	-2.38%	19.33%	11%	13.23%	14.67%
Gross Margin	40.17%	40.93%	41.66%	41.91%	41.89%	38.24%	41.63%	40.51%	42.54%	43.3%
Net Margin	2.94%	3.87%	6.31%	6.23%	6.39%	-3.76%	4.39%	2.65%	3.5%	4.74%
Debt / Equity	-	-	12.99x	3.06x	6.87x	9.98x	5.86x	5.92x	4.82x	3.92x
Interest Coverage	7.46x	9.71x	11.23x	13.44x	16.49x	-1.21x	14.98x	9.65x	10.69x	14.95x
FCF Conversion	2.18x	2.79x	1.58x	1.54x	1.92x	-1.01x	2.04x	2.59x	2.56x	1.71x
Revenue Growth	5.9%	9.15%	9.3%	9.14%	9.29%	-20.9%	61.78%	-6.65%	11.79%	9.34%

Revenue by Segment

	2022	2023	2024
Private Label Credit Card	4.48M	5.01M	5.11M
Private Label Credit Card Growth	-	11.78%	1.98%

Frequently Asked Questions

Valuation & Price

Burlington Stores, Inc. (BURL) has a price-to-earnings (P/E) ratio of 39.8x. This suggests investors expect higher future growth.

Growth & Financials

Burlington Stores, Inc. (BURL) reported $11.19B in revenue for fiscal year 2024. This represents a 188% increase from $3.89B in 2011.

Burlington Stores, Inc. (BURL) grew revenue by 9.3% over the past year. This is steady growth.

Yes, Burlington Stores, Inc. (BURL) is profitable, generating $560.5M in net income for fiscal year 2024 (4.7% net margin).

Dividend & Returns

Burlington Stores, Inc. (BURL) has a return on equity (ROE) of 42.5%. This is excellent, indicating efficient use of shareholder capital.

Burlington Stores, Inc. (BURL) generated $481.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Burlington Stores, Inc. (BURL) 10-Year Financial Performance & Capital Metrics

BURL • • Industrial / General

Consumer CyclicalApparel RetailValue & Off-Price Apparel RetailersOff-Price Department Stores

Revenue $10.63B +9.3%
EBITDA $1.36B +21.3%
Net Income $504M +48.3%
EPS (Diluted) 7.80 +49.1%
Gross Margin 43.3% +1.8%
EBITDA Margin 12.81% +10.9%
Operating Margin 9.78% +13.4%
Net Margin 4.74% +35.6%
ROE 42.55% +12.2%
ROIC 14.67% +10.9%
Debt/Equity 3.92 -18.7%
Interest Coverage 14.95 +39.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 36.7%
✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗High debt to equity ratio of 3.9x
✗Negative free cash flow
✗Expensive at 14.6x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.21%

5Y7.86%

3Y4.49%

TTM6.82%

Profit (Net Income) CAGR

10Y22.54%

5Y1.6%

3Y7.2%

TTM19.18%

EPS CAGR

10Y24.53%

5Y2.45%

3Y9.14%

TTM19.18%

ROCE

10Y Avg23.22%

5Y Avg12.33%

3Y Avg14.82%

Latest17.07%

Peer Comparison

Off-Price Department Stores

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BURLBurlington Stores, Inc.	19.53B	310.30	39.78	9.34%	5.01%	36.7%		3.92
TJXThe TJX Companies, Inc.	175.61B	158.14	37.12	3.95%	8.59%	56.1%	2.39%	1.52
ROSTRoss Stores, Inc.	62.5B	193.23	30.57	3.69%	9.47%	35.45%	2.62%	1.03

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	5.11B	5.58B	6.1B	6.66B	7.28B	5.76B	9.31B	8.69B	9.72B	10.63B
Revenue Growth %	0.06%	0.09%	0.09%	0.09%	0.09%	-0.21%	0.62%	-0.07%	0.12%	0.09%
Cost of Goods Sold+	3.06B	3.3B	3.56B	3.87B	4.23B	3.56B	5.44B	5.17B	5.58B	6.03B
COGS % of Revenue	0.6%	0.59%	0.58%	0.58%	0.58%	0.62%	0.58%	0.59%	0.57%	0.57%
Gross Profit+	2.05B	2.28B	2.54B	2.79B	3.05B	2.2B	3.88B	3.52B	4.13B	4.6B
Gross Margin %	0.4%	0.41%	0.42%	0.42%	0.42%	0.38%	0.42%	0.41%	0.43%	0.43%
Gross Profit Growth %	0.07%	0.11%	0.11%	0.1%	0.09%	-0.28%	0.76%	-0.09%	0.17%	0.11%
Operating Expenses+	1.61B	1.74B	1.88B	2.04B	2.21B	2.32B	2.87B	2.88B	3.3B	3.56B
OpEx % of Revenue	0.32%	0.31%	0.31%	0.31%	0.3%	0.4%	0.31%	0.33%	0.34%	0.34%
Selling, General & Admin	1.6B	1.72B	1.86B	2.02B	2.19B	2.3B	2.85B	2.86B	3.27B	3.54B
SG&A % of Revenue	0.31%	0.31%	0.31%	0.3%	0.3%	0.4%	0.31%	0.33%	0.34%	0.33%
Research & Development	14.6M	15.4M	18.2M	19.4M	17.9M	16.9M	18.9M	21.2M	23M	25.7M
R&D % of Revenue	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	440.39M	545.19M	659.97M	752.63M	838.24M	-118.38M	1.01B	641.48M	838.04M	1.04B
Operating Margin %	0.09%	0.1%	0.11%	0.11%	0.12%	-0.02%	0.11%	0.07%	0.09%	0.1%
Operating Income Growth %	0.14%	0.24%	0.21%	0.14%	0.11%	-1.14%	9.54%	-0.37%	0.31%	0.24%
EBITDA+	597.89M	713.38M	842.88M	951.12M	1.03B	85.11M	1.24B	890.68M	1.12B	1.36B
EBITDA Margin %	0.12%	0.13%	0.14%	0.14%	0.14%	0.01%	0.13%	0.1%	0.12%	0.13%
EBITDA Growth %	0.11%	0.19%	0.18%	0.13%	0.08%	-0.92%	13.59%	-0.28%	0.26%	0.21%
D&A (Non-Cash Add-back)	157.5M	168.19M	182.9M	198.48M	192.82M	203.49M	230.32M	249.2M	284.06M	321.88M
EBIT	299.02M	386.14M	486.14M	589.82M	654.52M	-314.28M	790.27M	401.73M	563.29M	726.2M
Net Interest Income+	-59M	-56.16M	-58.78M	-55.99M	-50.83M	-97.77M	-67.5M	-66.47M	-78.4M	-69.52M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	59M	56.16M	58.78M	55.99M	50.83M	97.77M	67.5M	66.47M	78.4M	69.52M
Other Income/Expense	-201.51M	-211.98M	-230.99M	-245.05M	-257.71M	-319.24M	-465.76M	-333.97M	-372.26M	-364.22M
Pretax Income+	238.88M	333.21M	428.98M	507.58M	580.52M	-437.62M	545.3M	307.51M	465.77M	674.81M
Pretax Margin %	0.05%	0.06%	0.07%	0.08%	0.08%	-0.08%	0.06%	0.04%	0.05%	0.06%
Income Tax+	88.39M	117.34M	44.13M	92.84M	115.41M	-221.12M	136.46M	77.39M	126.12M	171.18M
Effective Tax Rate %	0.63%	0.65%	0.9%	0.82%	0.8%	0.49%	0.75%	0.75%	0.73%	0.75%
Net Income+	150.48M	215.87M	384.85M	414.75M	465.12M	-216.5M	408.84M	230.12M	339.65M	503.64M
Net Margin %	0.03%	0.04%	0.06%	0.06%	0.06%	-0.04%	0.04%	0.03%	0.03%	0.05%
Net Income Growth %	1.28%	0.43%	0.78%	0.08%	0.12%	-1.47%	2.89%	-0.44%	0.48%	0.48%
Net Income (Continuing)	150.48M	215.87M	384.85M	414.75M	465.12M	-216.5M	408.84M	230.12M	339.65M	503.64M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.99	3.01	5.48	6.04	6.91	-3.28	6.00	3.49	5.23	7.80
EPS Growth %	1.29%	0.51%	0.82%	0.1%	0.14%	-1.47%	2.83%	-0.42%	0.5%	0.49%
EPS (Basic)	2.03	3.06	5.64	6.21	7.05	-3.28	6.14	3.51	5.25	7.91
Diluted Shares Outstanding	75.44M	71.72M	70.29M	68.68M	67.29M	65.96M	68.13M	65.9M	64.92M	64.59M
Basic Shares Outstanding	74.11M	70.48M	68.29M	66.81M	65.94M	65.96M	66.59M	65.64M	64.67M	63.63M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	932.98M	928.32M	1.1B	1.27B	1.42B	2.51B	2.55B	2.28B	2.33B	2.63B
Cash & Short-Term Investments	20.91M	81.6M	133.29M	112.27M	403.07M	1.38B	1.09B	872.62M	925.36M	994.7M
Cash Only	20.91M	81.6M	133.29M	112.27M	403.07M	1.38B	1.09B	872.62M	925.36M	994.7M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	38.57M	43.25M	71.65M	58.75M	91.51M	62.16M	54.09M	71.09M	74.36M	88.08M
Days Sales Outstanding	2.75	2.83	4.29	3.22	4.59	3.94	2.12	2.98	2.79	3.03
Inventory	783.53M	701.89M	752.56M	954.18M	777.25M	740.79M	1.02B	1.18B	1.09B	1.25B
Days Inventory Outstanding	93.47	77.7	77.18	90.04	67.09	76.06	68.55	83.42	71.11	75.77
Other Current Assets	27.8M	27.8M	27.8M	21.88M	8.84M	13.24M	10.94M	158.1M	239.46M	295.25M
Total Non-Current Assets+	1.65B	1.65B	1.71B	1.81B	4.18B	4.27B	4.54B	4.99B	5.38B	6.14B
Property, Plant & Equipment	1.02B	1.05B	1.13B	1.25B	3.8B	3.91B	4.19B	4.61B	5.01B	5.76B
Fixed Asset Turnover	5.02x	5.32x	5.38x	5.31x	1.91x	1.47x	2.22x	1.88x	1.94x	1.85x
Goodwill	47.06M	47.06M	47.06M	47.06M	47.06M	47.06M	47.06M	47.06M	47.06M	47.06M
Intangible Assets	476.75M	451.18M	426.95M	402.32M	238.73M	238M	238M	238M	238M	238M
Long-Term Investments	0	0	4.54M	0	0	0	0	29.15M	29.07M	45.7M
Other Non-Current Assets	104.78M	90.5M	92.12M	99.82M	85.73M	72.76M	62.14M	54.45M	50.15M	52.03M
Total Assets+	2.58B	2.57B	2.81B	3.08B	5.59B	6.78B	7.09B	7.27B	7.71B	8.77B
Asset Turnover	1.98x	2.17x	2.17x	2.16x	1.30x	0.85x	1.31x	1.20x	1.26x	1.21x
Asset Growth %	-0.02%	-0%	0.09%	0.09%	0.82%	0.21%	0.05%	0.03%	0.06%	0.14%
Total Current Liabilities+	886.59M	996.83M	1.12B	1.25B	1.46B	1.68B	1.95B	1.91B	2.03B	2.27B
Accounts Payable	598.2M	640.33M	736.25M	848.56M	759.11M	862.64M	1.08B	955.79M	956.35M	1.04B
Days Payables Outstanding	71.36	70.88	75.5	80.07	65.52	88.57	72.57	67.46	62.51	62.89
Short-Term Debt	1.4M	1.64M	13.16M	2.92M	3.58M	3.9M	14.36M	13.63M	13.7M	170.89M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	286.99M	354.87M	370.21M	366.34M	397.03M	512.83M	493.69M	541.41M	647.34M	656.58M
Current Ratio	1.05x	0.93x	0.98x	1.02x	0.97x	1.49x	1.31x	1.19x	1.15x	1.16x
Quick Ratio	0.17x	0.23x	0.31x	0.25x	0.44x	1.05x	0.78x	0.58x	0.61x	0.61x
Cash Conversion Cycle	24.86	9.64	5.96	13.19	6.16	-8.57	-1.89	18.95	11.39	15.91
Total Non-Current Liabilities+	1.79B	1.63B	1.61B	1.51B	3.6B	4.63B	4.38B	4.56B	4.68B	5.13B
Long-Term Debt	1.3B	1.13B	1.11B	983.64M	1B	1.93B	1.54B	1.46B	1.39B	1.54B
Capital Lease Obligations	22M	0	0	0	2.32B	2.4B	2.54B	2.83B	2.98B	3.25B
Deferred Tax Liabilities	201.69M	207.94M	179.49M	178.78M	182.29M	199.85M	220.02M	205.99M	227.59M	259.26M
Other Non-Current Liabilities	257.05M	290.68M	313.13M	346.3M	97.8M	103.94M	80.9M	69.39M	73.79M	74.4M
Total Liabilities	2.68B	2.62B	2.73B	2.76B	5.07B	6.32B	6.33B	6.47B	6.71B	7.4B
Total Debt+	1.3B	1.13B	1.13B	986.57M	3.63B	4.64B	4.45B	4.7B	4.8B	5.37B
Net Debt	1.28B	1.05B	993.69M	874.29M	3.23B	3.26B	3.36B	3.83B	3.88B	4.38B
Debt / Equity	-	-	12.99x	3.06x	6.87x	9.98x	5.86x	5.92x	4.82x	3.92x
Debt / EBITDA	2.18x	1.58x	1.34x	1.04x	3.52x	54.49x	3.59x	5.28x	4.28x	3.95x
Net Debt / EBITDA	2.15x	1.47x	1.18x	0.92x	3.13x	38.27x	2.71x	4.30x	3.46x	3.22x
Interest Coverage	7.46x	9.71x	11.23x	13.44x	16.49x	-1.21x	14.98x	9.65x	10.69x	14.95x
Total Equity+	-99.02M	-49.81M	86.77M	322.71M	528.15M	464.75M	760.42M	794.9M	996.93M	1.37B
Equity Growth %	-0.5%	0.5%	2.74%	2.72%	0.64%	-0.12%	0.64%	0.05%	0.25%	0.37%
Book Value per Share	-1.31	-0.69	1.23	4.70	7.85	7.05	11.16	12.06	15.36	21.22
Total Shareholders' Equity	-99.02M	-49.81M	86.77M	322.71M	528.15M	464.75M	760.42M	794.9M	996.93M	1.37B
Common Stock	7K	7K	7K	7K	7K	7K	7K	8K	8K	8K
Retained Earnings	-1.28B	-1.06B	-675.66M	-260.92M	204.8M	-11.7M	414.29M	644.41M	984.06M	1.49B
Treasury Stock	-209.93M	-403.11M	-692.89M	-921.76M	-1.24B	-1.31B	-1.58B	-1.89B	-2.14B	-2.4B
Accumulated OCI	-8.99M	-7.19M	-1.89M	-3.61M	-18.96M	-23.02M	-4.44M	28.75M	33.53M	42.52M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	327.46M	602.45M	607.25M	639.65M	891.73M	219.18M	833.16M	596.38M	868.74M	863.38M
Operating CF Margin %	0.06%	0.11%	0.1%	0.1%	0.12%	0.04%	0.09%	0.07%	0.09%	0.08%
Operating CF Growth %	0.08%	0.84%	0.01%	0.05%	0.39%	-0.75%	2.8%	-0.28%	0.46%	-0.01%
Net Income	150.48M	215.87M	384.85M	414.75M	465.12M	-216.5M	408.84M	230.12M	339.65M	503.64M
Depreciation & Amortization	172.1M	183.59M	201.1M	217.88M	210.72M	220.39M	249.22M	270.4M	307.06M	347.57M
Stock-Based Compensation	11.16M	15.95M	27.03M	35.48M	43.93M	55.84M	58.55M	67.48M	83.95M	87.57M
Deferred Taxes	5.91M	-2.92M	-30.73M	2.52M	9.07M	-24.96M	51.95M	-25.43M	20.66M	28.64M
Other Non-Cash Items	18.1M	3.58M	41.09M	41.12M	71.4M	89.5M	212.12M	63.48M	55.65M	22.02M
Working Capital Changes	-30.29M	186.37M	-16.11M	-72.1M	91.5M	94.9M	-147.52M	-9.67M	61.76M	-126.07M
Change in Receivables	1.26M	-3.49M	-19.98M	3.48M	-8.82M	65.47M	10.19M	-13.01M	-4.46M	-14.25M
Change in Inventory	5.18M	81.05M	-50.67M	-201.62M	176.43M	36.46M	-280.22M	-160.97M	94.14M	-162.93M
Change in Payables	-23.48M	41.54M	97M	111.02M	-90.9M	104.61M	214.79M	-125.01M	-21.95M	86.5M
Cash from Investing+	-194.73M	-180.35M	-262.21M	-298.51M	-324.6M	-274.13M	-344.39M	-423.14M	-503.75M	-882.25M
Capital Expenditures	-201.79M	-187.51M	-268.19M	-304.31M	-330.34M	-273.28M	-353.04M	-451.1M	-517.28M	-880.38M
CapEx % of Revenue	0.04%	0.03%	0.04%	0.05%	0.05%	0.05%	0.04%	0.05%	0.05%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.81M	-132K	6K	5.54M	5.74M	-850K	0	0	13.54M	-11.6M
Cash from Financing+	-137.16M	-361.41M	-293.35M	-368.07M	-291.63M	1.03B	-777.96M	-391.71M	-318.84M	88.22M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	10.41M	11.15M	2.01M	13.59M	31.45M	-7.32M	23.89M	13.04M	23.42M	41.26M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	125.67M	414.94M	339.06M	335.34M	561.38M	-54.1M	480.12M	145.28M	351.45M	-28.61M
FCF Margin %	0.02%	0.07%	0.06%	0.05%	0.08%	-0.01%	0.05%	0.02%	0.04%	-0%
FCF Growth %	0.54%	2.3%	-0.18%	-0.01%	0.67%	-1.1%	9.87%	-0.7%	1.42%	-1.08%
FCF per Share	1.67	5.79	4.82	4.88	8.34	-0.82	7.05	2.20	5.41	-0.44
FCF Conversion (FCF/Net Income)	2.18x	2.79x	1.58x	1.54x	1.92x	-1.01x	2.04x	2.59x	2.56x	1.71x
Interest Paid	57.38M	51.59M	49.09M	52.17M	47.07M	48.39M	52.67M	0	88.15M	84.61M
Taxes Paid	84.68M	68.96M	109.58M	75.65M	110.59M	44.99M	130.25M	0	86.24M	170.26M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	2082.42%	202.57%	109.33%	-43.61%	66.74%	29.59%	37.91%	42.55%
Return on Invested Capital (ROIC)	28.18%	37.44%	47.6%	49.57%	25.39%	-2.38%	19.33%	11%	13.23%	14.67%
Gross Margin	40.17%	40.93%	41.66%	41.91%	41.89%	38.24%	41.63%	40.51%	42.54%	43.3%
Net Margin	2.94%	3.87%	6.31%	6.23%	6.39%	-3.76%	4.39%	2.65%	3.5%	4.74%
Debt / Equity	-	-	12.99x	3.06x	6.87x	9.98x	5.86x	5.92x	4.82x	3.92x
Interest Coverage	7.46x	9.71x	11.23x	13.44x	16.49x	-1.21x	14.98x	9.65x	10.69x	14.95x
FCF Conversion	2.18x	2.79x	1.58x	1.54x	1.92x	-1.01x	2.04x	2.59x	2.56x	1.71x
Revenue Growth	5.9%	9.15%	9.3%	9.14%	9.29%	-20.9%	61.78%	-6.65%	11.79%	9.34%

Revenue by Segment

	2022	2023	2024
Private Label Credit Card	4.48M	5.01M	5.11M
Private Label Credit Card Growth	-	11.78%	1.98%

Frequently Asked Questions

Valuation & Price

Burlington Stores, Inc. (BURL) has a price-to-earnings (P/E) ratio of 39.8x. This suggests investors expect higher future growth.

Growth & Financials

Burlington Stores, Inc. (BURL) reported $11.19B in revenue for fiscal year 2024. This represents a 188% increase from $3.89B in 2011.

Burlington Stores, Inc. (BURL) grew revenue by 9.3% over the past year. This is steady growth.

Yes, Burlington Stores, Inc. (BURL) is profitable, generating $560.5M in net income for fiscal year 2024 (4.7% net margin).

Dividend & Returns

Burlington Stores, Inc. (BURL) has a return on equity (ROE) of 42.5%. This is excellent, indicating efficient use of shareholder capital.

Burlington Stores, Inc. (BURL) generated $481.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.