Revenue growth has accelerated to 14.1% in 2026Q1, supported by a consistent gross margin profile of 44.2% despite ongoing supply chain cost pressures.
| Metric | TTM | Jan'26 | Jan'25 | Jan'24 | Jan'23 | Jan'22 | Jan'21 | Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 |
|---|
| Sales/Revenue | 11.92B | 11.57B | 10.63B | 9.73B | 8.7B | 9.32B | 5.76B | 7.29B | 6.67B | 6.11B | 5.59B | 5.13B | 4.85B | 4.46B | 4.17B | 3.89B |
| Revenue Growth % | 10.6% | 8.76% | 9.33% | 11.78% | -6.65% | 61.73% | -20.89% | 9.27% | 9.14% | 9.28% | 8.99% | 5.78% | 8.69% | 7.12% | 7.15% | - |
| Cost of Goods Sold | 6.68B | 6.49B | 6.03B | 5.58B | 5.17B | 5.44B | 3.56B | 4.23B | 3.87B | 3.56B | 3.3B | 3.06B | 2.9B | 2.7B | 2.53B | 2.36B |
| COGS % of Revenue | - | 56.08% | 56.66% | 57.41% | 59.43% | 58.31% | 61.68% | 58.04% | 58.01% | 58.25% | 58.98% | 59.64% | 59.82% | 60.42% | 60.74% | 60.8% |
| Gross Profit | 5.24B | 5.08B | 4.61B | 4.14B | 3.53B | 3.89B | 2.21B | 3.06B | 2.8B | 2.55B | 2.29B | 2.07B | 1.95B | 1.77B | 1.64B | 1.52B |
| Gross Margin % | 43.98% | 43.92% | 43.34% | 42.59% | 40.57% | 41.69% | 38.32% | 41.96% | 41.99% | 41.75% | 41.02% | 40.36% | 40.18% | 39.58% | 39.26% | 39.2% |
| Gross Profit Growth % | - | 10.21% | 11.25% | 17.35% | -9.14% | 75.92% | -27.76% | 9.19% | 9.78% | 11.22% | 10.79% | 6.23% | 10.35% | 7.99% | 7.3% | - |
| Operating Expenses | 4.37B | 4.24B | 3.89B | 3.6B | 3.15B | 3.12B | 2.21B | 2.44B | 2.24B | 2.06B | 1.91B | 1.77B | 1.69B | 1.56B | 1.48B | 1.37B |
| OpEx % of Revenue | - | 36.61% | 36.62% | 36.96% | 36.17% | 33.44% | 38.32% | 33.47% | 33.54% | 33.79% | 34.11% | 34.5% | 34.82% | 34.96% | 35.52% | 35.21% |
| Selling, General & Admin | 3.94B | 3.82B | 3.55B | 3.29B | 2.88B | 2.87B | 2.33B | 2.23B | 2.02B | 1.86B | 1.72B | 1.6B | 1.52B | 1.39B | 1.31B | 1.22B |
| SG&A % of Revenue | - | 33% | 33.35% | 33.8% | 33.06% | 30.77% | 40.37% | 30.58% | 30.27% | 30.5% | 30.82% | 31.15% | 31.36% | 31.19% | 31.51% | 31.27% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 4M | 417.87M | 347.57M | 307.06M | 270.4M | 249.22M | -117.97M | 210.72M | 217.88M | 201.1M | 183.59M | 172.1M | 167.58M | 168.19M | 166.79M | 153.07M |
| Operating Income | 873.52M | 844.94M | 715.01M | 548.03M | 383.13M | 768.36M | 0 | 618.76M | 563.74M | 486.28M | 386.74M | 300.38M | 260.31M | 206.05M | 155.91M | 155.22M |
| Operating Margin % | 7.33% | 7.3% | 6.72% | 5.63% | 4.4% | 8.24% | - | 8.49% | 8.45% | 7.96% | 6.92% | 5.86% | 5.37% | 4.62% | 3.74% | 3.99% |
| Operating Income Growth % | - | 18.17% | 30.47% | 43.04% | -50.14% | - | -100% | 9.76% | 15.93% | 25.74% | 28.75% | 15.4% | 26.33% | 32.16% | 0.44% | - |
| EBITDA | 1.3B | 1.26B | 1.06B | 855.09M | 653.53M | 1.02B | -119.47M | 829.48M | 781.62M | 687.38M | 570.33M | 472.48M | 427.89M | 374.24M | 322.7M | 308.29M |
| EBITDA Margin % | 10.94% | 10.92% | 9.99% | 8.79% | 7.51% | 10.92% | -2.07% | 11.38% | 11.72% | 11.25% | 10.2% | 9.21% | 8.82% | 8.39% | 7.75% | 7.93% |
| EBITDA Growth % | 19.89% | 18.84% | 24.27% | 30.84% | -35.78% | 951.77% | -114.4% | 6.12% | 13.71% | 20.52% | 20.71% | 10.42% | 14.33% | 15.97% | 4.67% | - |
| D&A (Non-Cash Add-back) | 430.69M | 417.87M | 347.57M | 307.06M | 270.4M | 249.22M | 220.39M | 210.72M | 217.88M | 201.1M | 183.59M | 172.1M | 167.58M | 168.19M | 166.79M | 153.07M |
| EBIT | 897.64M | 887.16M | 744.34M | 544.17M | 373.98M | 612.8M | -339.86M | 631.35M | 563.57M | 487.76M | 389.37M | 297.88M | 188.78M | 160.1M | 143.09M | 118.7M |
| Net Interest Income | -57.85M | -50.14M | -69.52M | -78.4M | -66.47M | -67.5M | -97.77M | -50.83M | -55.99M | -58.78M | -56.16M | -59M | -83.75M | -127.74M | -113.93M | -128.65M |
| Interest Income | 18.23M | 20.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 473K |
| Interest Expense | 76.08M | 71.04M | 69.52M | 78.4M | 66.47M | 67.5M | 97.77M | 50.83M | 55.99M | 58.78M | 56.16M | 59M | 83.75M | 127.74M | 113.93M | 129.12M |
| Other Income/Expense | -47.61M | -28.82M | -40.2M | -82.25M | -75.63M | -223.06M | -437.62M | -38.23M | -56.16M | -57.3M | -53.53M | -61.51M | -155.27M | -173.69M | -126.75M | -165.64M |
| Pretax Income | 825.92M | 816.12M | 674.81M | 465.77M | 307.51M | 545.3M | -437.62M | 580.52M | 507.58M | 428.98M | 333.21M | 238.88M | 105.04M | 32.36M | 29.16M | -10.42M |
| Pretax Margin % | 6.93% | 7.06% | 6.35% | 4.79% | 3.53% | 5.85% | -7.59% | 7.97% | 7.61% | 7.02% | 5.96% | 4.66% | 2.17% | 0.73% | 0.7% | -0.27% |
| Income Tax | 201.85M | 205.97M | 171.18M | 126.12M | 77.39M | 136.46M | -221.12M | 115.41M | 92.84M | 44.13M | 117.34M | 88.39M | 39.08M | 16.21M | 3.86M | -4.15M |
| Effective Tax Rate % | 24.44% | 25.24% | 25.37% | 27.08% | 25.17% | 25.02% | 50.53% | 19.88% | 18.29% | 10.29% | 35.21% | 37% | 37.21% | 50.09% | 13.25% | 39.81% |
| Net Income | 624.07M | 610.15M | 503.64M | 339.65M | 230.12M | 408.84M | -216.5M | 465.12M | 414.75M | 384.85M | 215.87M | 150.48M | 65.95M | 16.15M | 25.3M | -6.27M |
| Net Margin % | 5.24% | 5.27% | 4.74% | 3.49% | 2.64% | 4.39% | -3.76% | 6.38% | 6.22% | 6.3% | 3.86% | 2.93% | 1.36% | 0.36% | 0.61% | -0.16% |
| Net Income Growth % | 18.65% | 21.15% | 48.28% | 47.59% | -43.71% | 288.84% | -146.55% | 12.15% | 7.77% | 78.28% | 43.45% | 128.16% | 308.39% | -36.17% | 503.4% | - |
| Net Income (Continuing) | 624.07M | 610.15M | 503.64M | 339.65M | 230.12M | 408.84M | -216.5M | 465.12M | 414.75M | 384.85M | 215.87M | 150.48M | 65.95M | 16.15M | 25.3M | -6.27M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 9.73 | 9.51 | 7.80 | 5.23 | 3.49 | 6.00 | -3.28 | 6.91 | 6.04 | 5.48 | 3.01 | 1.99 | 0.87 | -0.39 | -1.87 | -0.09 |
| EPS Growth % | 19.39% | 21.92% | 49.14% | 49.86% | -41.83% | 282.93% | -147.47% | 14.4% | 10.22% | 82.06% | 51.26% | 128.74% | 323.08% | 79.14% | -2034.7% | - |
| EPS (Basic) | - | 9.51 | 7.91 | 5.25 | 3.51 | 6.14 | -3.28 | 7.05 | 6.21 | 5.64 | 3.06 | 2.03 | 0.89 | -0.26 | -1.70 | -0.09 |
| Diluted Shares Outstanding | 64.14M | 64.13M | 64.59M | 64.92M | 65.9M | 68.13M | 65.96M | 67.29M | 68.68M | 70.29M | 71.72M | 75.44M | 75.86M | 370.04M | 71.63M | 71.63M |
| Basic Shares Outstanding | 64.14M | 64.13M | 63.63M | 64.67M | 65.64M | 66.59M | 65.96M | 65.94M | 66.81M | 68.29M | 70.48M | 74.11M | 74.1M | 369.57M | 71.63M | 71.63M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | 2080.5% | 6.76% | - |
High Debt Leverage Sensitivity
As indicated by the most recent quarterly data, Burlington's revenue growth has accelerated to 14.1% in 2026Q1, demonstrating a clear upward trajectory compared to the 4.8% growth observed in 2024Q4, suggesting that the company's store expansion and merchandising initiatives are successfully capturing incremental consumer demand.
The acceleration in top-line performance appears to be driven by a combination of new store openings and improved inventory productivity. Investors should monitor whether this growth rate is sustainable as the company scales its smaller-format store prototypes across more competitive retail markets.
Based on reported financial statements, Burlington has maintained a consistent gross margin profile, hovering around 43.9% in 2026Q1, which reflects the company's ability to manage its off-price procurement model effectively despite ongoing fluctuations in global freight and supply chain logistics costs.
The stability in gross margins suggests that the company is successfully navigating the inherent volatility of the off-price retail sector. However, the inability to significantly expand these margins beyond the mid-40s range may imply that competitive pricing pressures remain a persistent constraint on profitability.
According to the income statement data, operating income reached $167.7 million in 2026Q1, showing a meaningful improvement in operating leverage as the company successfully manages its SG&A expenses relative to the expanding revenue base, which grew by 14.1% over the same period.
The ability to scale operating income faster than revenue suggests that the 'Burlington 2.0' strategy is beginning to yield operational efficiencies. Continued monitoring of SG&A as a percentage of revenue is essential to confirm if this trend represents a permanent shift in the company's cost structure.
As reported in recent filings, stock-based compensation expenses reached $36.3 million in 2026Q1, representing a notable portion of operating income and warranting careful consideration by investors when evaluating the true cash-generative quality of the company's reported net income and diluted earnings per share.
While the company shows strong EPS growth, the consistent level of stock-based compensation suggests that a portion of earnings is being diluted to incentivize management. Analysts should adjust for these non-cash charges to better understand the underlying operational profitability of the business.
Based on the provided financial metrics, the company's high debt-to-equity ratio of 3.32% creates a significant interest expense burden that may constrain future capital allocation, potentially limiting the company's ability to reinvest in store growth if credit market conditions tighten unexpectedly.
The reliance on leverage to fuel expansion introduces a layer of financial risk that could overshadow operational gains if interest rates remain elevated. Investors should remain cautious about whether the current pace of store openings can generate sufficient returns to justify the existing debt load.
Quick answers to the most common questions about buying BURL stock.
For fiscal year 2025, Burlington Stores, Inc. (BURL) reported total revenue of $11.57B. This represents a 197.5% increase compared to $3.89B in 2011.
Burlington Stores, Inc. (BURL) is profitable, generating $610.2M in net income for the fiscal year ending 2025 with a net profit margin of 5.3%.
Burlington Stores, Inc. (BURL) reported an operating income of $844.9M, resulting in an operating profit margin of 7.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Burlington Stores, Inc. (BURL) generated $5.08B in gross profit for the year, representing a gross profit margin of 43.9%. This demonstrates the company's core pricing power and production efficiency.