A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Burlington Stores, Inc.
BURL
$22.5B
Mkt Cap
$349.97
+3.09%
Burlington Stores, Inc. (BURL) has a current P/E ratio of 40.2, compared to its historical median P/E of 31.6. The stock is currently considered Fair based on its historical valuation range.
Burlington Stores, Inc. (BURL) has a 5-year average return on invested capital (ROIC) of 27.6%. This indicates strong capital allocation and a potential competitive advantage.
Burlington Stores, Inc. (BURL) has a market capitalization of $22.0B. It is classified as a large-cap stock.
Burlington Stores, Inc. (BURL) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.27%.
Based on historical P/E analysis, Burlington Stores, Inc. (BURL) appears fair. The current P/E of 40.2 is 27% above its historical median of 31.6. The estimated fair value CAGR (P/E method) is 7.8%.
Burlington Stores, Inc. (BURL) operates in the Retail-Department Stores industry, within the Consumer Defensive sector.
Burlington Stores, Inc. (BURL) reported annual revenue of $11.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Burlington Stores is a nationally recognized off-price retailer operating 1,108 stores across 46 states, Washington D.C., and Puerto Rico as of February 1, 2025, offering high-quality branded merchandise at everyday low prices up to 60% below other retailers. The company's business model centers on acquiring first-quality, current-brand merchandise directly from manufacturers and suppliers, with over 99% of net sales derived from company-operated Burlington Stores locations featuring a broad assortment including women's and menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts, and coats. Burlington's competitive differentiation stems from its "treasure hunt" buying strategy—purchasing less pre-season merchandise and opportunistically acquiring in-season inventory—which provides flexibility to shift purchases between suppliers and categories, obtain better supplier terms, and drive frequent customer visits. The company operates a geographically diversified store base with six distribution centers supporting its operations, and pursues a long-term expansion strategy targeting 2,000 stores, leveraging a smaller store prototype and opportunities from retail disruption to grow without materially impacting existing locations. Unit economics are characterized by strong sales productivity improvements from new store openings, relocations, and downsizes, with management expecting occupancy cost leverage as new stores join the comparable base and existing stores are reformatted to smaller formats.
【Margin expansion through operational leverage】 Management expects continued operating margin expansion in 2026 driven by disciplined inventory management, efficient markdown execution, and faster inventory turns, with anticipated supply chain productivity gains offsetting new distribution center startup costs. The company is positioned to chase sales trends opportunistically while maintaining margin discipline, with confidence in driving 10–15 basis points of incremental leverage for each additional point of comparable store sales growth above guidance. Burlington is advancing its Burlington 2.0 initiatives, including completion of Store Experience 2.0 remodels and rollout of regional and store-level merchandising localization, which management expects will continue to drive sales and earnings performance. The company anticipates favorable tax refund season dynamics in early 2026 and plans to capitalize on assortment opportunities in the back half as the supply base adjusts to tariff environments, while maintaining its disciplined approach to pricing and inventory investment.
| Metric | Target | Period |
|---|---|---|
| Comparable store sales growth | 2%-4% | FY2026 |
| Adjusted earnings per share | $11.45-$11.80 | FY2026 |
| Net new store openings | 115 | FY2026 |
| Adjusted EBIT margin | 10-30 basis points expansion | FY2026 |
| Q2 FY2026 comparable store sales growth | 1%-3% | Q2 FY2026 |
| Q2 FY2026 adjusted earnings per share | $2.05-$2.20 | Q2 FY2026 |
| Capital expenditures net of landlord allowances | $875 million | FY2026 |
Comparable store sales growth (FY2026): “We are now expecting full-year comp sales growth of 2%-4%”
Adjusted earnings per share (FY2026): “adjusted earnings per share guidance in the range of $11.45-$11.80, up 13%-16% versus FY 2025”
Net new store openings (FY2026): “We are now expecting 115 net new store openings this year. This is up from our original outlook of 110 net new stores.”
Adjusted EBIT margin (FY2026): “our adjusted EBIT margin to expand by 10 basis points to 30 basis points versus last year”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2027 Earnings Call, Q3 FY2027 Earnings Call, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 11.2B | 11.6B | 10.6B | 9.7B | 8.7B | 9.3B |
| Net Income | 561M | 610M | 504M | 340M | 230M | 409M |
| EPS | $8.82 | $9.51 | $7.80 | $5.23 | $3.49 | $6.00 |
| Free Cash Flow | -358M | 172M | -17M | 376M | 149M | 481M |
| ROIC | 0.0% | 28.1% | 30.0% | 27.5% | 17.7% | 34.8% |
| Gross Margin | - | 43.9% | 43.3% | 42.6% | 40.6% | 41.7% |
| Debt/Equity | 1.35 | 1.15 | 1.37 | 1.41 | 1.89 | 2.03 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 887M | 744M | 544M | 310M | 548M |
| Operating Margin | 0.0% | 7.7% | 7.0% | 5.6% | 3.6% | 5.9% |
| ROE | 36.7% | 38.4% | 42.5% | 37.9% | 29.6% | 66.7% |
| Shares Outstanding | 63M | 64M | 65M | 65M | 66M | 68M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 4.8B | 5.1B | 5.6B | 6.1B | 6.7B | 7.3B | 5.8B | 9.3B | 8.7B | 9.7B | 10.6B | 11.6B | 11.2B |
| Gross Margin | 40.2% | 40.4% | 41.0% | 41.7% | 42.0% | 42.0% | 38.3% | 41.7% | 40.6% | 42.6% | 43.3% | 43.9% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.5B | 1.6B | 1.7B | 1.9B | 2.0B | 2.2B | 2.3B | 2.9B | 2.9B | 3.3B | 3.5B | 3.8B | 3.7B |
| EBIT | 105M | 240M | 334M | 429M | 508M | 583M | -434M | 548M | 310M | 544M | 744M | 887M | 0 |
| Op. Margin | 2.2% | 4.7% | 6.0% | 7.0% | 7.6% | 8.0% | -7.5% | 5.9% | 3.6% | 5.6% | 7.0% | 7.7% | 0.0% |
| Net Income | 66M | 150M | 216M | 385M | 415M | 465M | -216M | 409M | 230M | 340M | 504M | 610M | 561M |
| Net Margin | 1.4% | 2.9% | 3.9% | 6.3% | 6.2% | 6.4% | -3.8% | 4.4% | 2.6% | 3.5% | 4.7% | 5.3% | 5.0% |
| Non-Recurring | 7.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 5.9% | 13.0% | 19.9% | 37.0% | 36.4% | 40.9% | -10.8% | 34.8% | 17.7% | 27.5% | 30.0% | 28.1% | 0.0% |
| ROE | -61.0% | -182.4% | -290.1% | 443.5% | 202.6% | 109.3% | -43.6% | 66.7% | 29.6% | 37.9% | 42.5% | 38.4% | 36.7% |
| ROA | 2.5% | 5.8% | 8.4% | 14.3% | 14.1% | 10.7% | -3.5% | 5.9% | 3.2% | 4.5% | 6.1% | 6.5% | 5.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 302M | 339M | 616M | 607M | 640M | 892M | 219M | 833M | 596M | 869M | 863M | 1.2B | 837M |
| Free Cash Flow | 81M | 138M | 428M | 339M | 344M | 563M | -54M | 481M | 149M | 376M | -17M | 172M | -358M |
| Owner Earnings | 128M | 156M | 416M | 379M | 386M | 637M | -57M | 525M | 259M | 478M | 428M | 707M | 360M |
| CapEx | 221M | 202M | 188M | 268M | 296M | 328M | 273M | 352M | 447M | 493M | 880M | 1.1B | 1.2B |
| Maint. CapEx | 168M | 172M | 184M | 201M | 218M | 211M | 220M | 249M | 270M | 307M | 348M | 418M | 377M |
| Growth CapEx | 53M | 30M | 3.9M | 67M | 78M | 118M | 53M | 103M | 177M | 186M | 533M | 642M | 818M |
| D&A | 168M | 172M | 184M | 201M | 218M | 211M | 220M | 249M | 270M | 307M | 348M | 418M | 377M |
| CapEx/OCF | 73.1% | 61.6% | 30.4% | 44.2% | 46.2% | 36.8% | 124.7% | 42.3% | 75.0% | 56.7% | 102.0% | N/A | 142.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 3.9M | 202M | 202M | 290M | 229M | 323M | 66M | 267M | 317M | 243M | 256M | 278M | 280M |
| Buyback Yield | N/A | 4.7% | 3.2% | 3.4% | 2.0% | 2.2% | 0.4% | 1.7% | 2.2% | 1.8% | 1.6% | 0.0% | 1.3% |
| Stock-Based Comp | 6.3M | 11M | 16M | 27M | 35M | 44M | 56M | 59M | 67M | 84M | 88M | 107M | 100M |
| Debt Repayment | 899M | 1.5B | 655K | 1.2M | 2.4M | 0 | 400M | 202M | 78M | 387M | 0 | 156M | 156M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.2B | 1.3B | 1.0B | 994M | 874M | 562M | 690M | 452M | 629M | 479M | 876M | 846M | 887M |
| Cash & Equiv. | 25M | 21M | 82M | 133M | 112M | 403M | 1.4B | 1.1B | 873M | 925M | 995M | 1.2B | 1.2B |
| Long-Term Debt | 1.3B | 1.3B | 1.1B | 1.1B | 987M | 961M | 2.1B | 1.5B | 1.5B | 1.4B | 1.7B | 2.0B | 2.0B |
| Debt/Equity | -18.96 | -13.09 | -22.69 | 12.99 | 3.06 | 1.83 | 4.45 | 2.03 | 1.89 | 1.41 | 1.37 | 1.15 | 1.35 |
| Interest Coverage | 263.6 | 184.8 | 834.0 | 4290.8 | 2538.9 | 210.6 | -127.9 | 176.3 | 121.1 | 6.9 | 10.7 | 12.5 | 12.5 |
| Equity | -66M | -99M | -50M | 87M | 323M | 528M | 465M | 760M | 795M | 997M | 1.4B | 1.8B | 1.5B |
| Total Assets | 2.6B | 2.6B | 2.6B | 2.8B | 3.1B | 5.6B | 6.8B | 7.1B | 7.3B | 7.7B | 8.8B | 9.9B | 9.6B |
| Total Liabilities | 2.7B | 2.7B | 2.6B | 2.7B | 2.8B | 5.1B | 6.3B | 6.3B | 6.5B | 6.7B | 7.4B | 8.1B | 660M |
| Intangibles | 266M | 239M | 213M | 189M | 164M | 731K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -1.4B | -1.3B | -1.1B | -676M | -261M | 205M | -12M | 414M | 644M | 984M | 1.5B | 2.1B | 1.8B |
| Working Capital | 54M | 46M | -69M | -19M | 24M | -45M | 827M | 600M | 372M | 298M | 356M | 522M | 459M |
| Current Assets | 987M | 933M | 928M | 1.1B | 1.3B | 1.4B | 2.5B | 2.5B | 2.3B | 2.3B | 2.6B | 2.8B | 2.7B |
| Current Liabilities | 933M | 887M | 997M | 1.1B | 1.2B | 1.5B | 1.7B | 1.9B | 1.9B | 2.0B | 2.3B | 2.2B | 2.2B |
| Per Share Data | |||||||||||||
| EPS | 0.87 | 1.99 | 3.01 | 5.48 | 6.04 | 6.91 | -3.28 | 6.00 | 3.49 | 5.23 | 7.80 | 9.51 | 8.82 |
| Owner EPS | 1.69 | 2.06 | 5.81 | 5.40 | 5.63 | 9.46 | -0.86 | 7.71 | 3.92 | 7.36 | 6.63 | 11.02 | 5.72 |
| Book Value | -0.87 | -1.31 | -0.69 | 1.24 | 4.70 | 7.85 | 7.04 | 11.16 | 12.06 | 15.35 | 21.23 | 28.17 | 24.27 |
| Cash Flow/Share | 3.99 | 4.49 | 8.59 | 8.65 | 9.32 | 13.25 | 3.32 | 12.23 | 9.04 | 13.38 | 13.37 | 19.19 | 14.90 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 75.8M | 75.6M | 71.7M | 70.2M | 68.7M | 67.3M | 66.0M | 68.1M | 65.9M | 64.9M | 64.6M | 64.2M | 62.9M |
| Valuation | |||||||||||||
| P/E Ratio | 63.9 | 28.7 | 29.6 | 22.4 | 28.1 | 31.3 | N/A | 37.6 | 61.4 | 39.3 | 32.0 | N/A | 39.7 |
| P/FCF | 51.8 | 31.4 | 14.9 | 25.4 | 33.9 | 25.8 | N/A | 32.0 | 94.8 | 35.5 | N/A | N/A | N/A |
| EV/EBIT | 503.5 | 23.3 | 678.6 | 22.0 | 24.4 | 23.4 | N/A | 21.1 | 515.5 | 315.8 | 331.7 | N/A | N/A |
| Price/Book | N/A | N/A | N/A | 99.3 | 36.1 | 27.6 | 36.8 | 20.2 | 17.8 | 13.4 | 11.7 | N/A | 14.4 |
| Price/Sales | 0.6 | 0.8 | 0.9 | 1.1 | 1.6 | 1.8 | 2.4 | 2.1 | 1.3 | 1.1 | 1.5 | N/A | 2.0 |
| FCF Yield | 1.9% | 3.2% | 6.7% | 3.9% | 3.0% | 3.9% | -0.3% | 3.1% | 1.1% | 2.8% | -0.1% | N/A | -1.6% |
| Market Cap | 4.2B | 4.3B | 6.4B | 8.6B | 11.7B | 14.6B | 17.1B | 15.4B | 14.1B | 13.3B | 16.1B | 0 | 22.0B |
| Avg. Price | 37.13 | 51.63 | 72.59 | 99.40 | 153.91 | 189.77 | 208.02 | 294.10 | 174.75 | 170.61 | 246.88 | 0.00 | 349.97 |
| Year-End Price | 55.57 | 57.17 | 89.01 | 122.64 | 169.74 | 216.26 | 258.82 | 225.89 | 214.25 | 205.40 | 249.33 | 0.00 | 349.97 |
Burlington Stores, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Burlington Stores, Inc. trades at 40.2x trailing earnings, compared to its 15-year median P/E of 31.6x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 27.6% with a gross margin of 42.4%. Total shareholder yield (buybacks) is 1.3%. At current prices, the estimated annualized return to fair value is +1.9%.
Burlington Stores, Inc. (BURL) has a net profit margin of 5.3%. This is a modest margin.
Burlington Stores, Inc. (BURL) generated $172 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Burlington Stores, Inc. (BURL) has a debt-to-equity ratio of 1.15. This indicates moderate leverage.
Burlington Stores, Inc. (BURL) reported earnings per share (EPS) of $9.51 in its most recent fiscal year.
Burlington Stores, Inc. (BURL) has a return on equity (ROE) of 38.4%. This indicates the company generates strong returns for shareholders.
Burlington Stores, Inc. (BURL) has a 5-year average gross margin of 42.4%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for Burlington Stores, Inc. (BURL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Burlington Stores, Inc. (BURL) has a book value per share of $28.17, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued operating margin expansion in 2026 driven by disciplined inventory management, efficient markdown execution, and faster inventory turns, with anticipated supply chain productivity gains offsetting new distribution center startup costs. The company is positioned to chase sales trends opportunistically while maintaining margin discipline, with confidence in driving 10–15 basis points of incremental leverage for each additional point of comparable store sales growth above guidance. Burlington is advancing its Burlington 2.0 initiatives, including completion of Store Experience 2.0 remodels and rollout of regional and store-level merchandising localization, which management expects will continue to drive sales and earnings performance. The company anticipates favorable tax refund season dynamics in early 2026 and plans to capitalize on assortment opportunities in the back half as the supply base adjusts to tariff environments, while maintaining its disciplined approach to pricing and inventory investment.
Based on recent SEC filings and earnings calls, Burlington Stores, Inc. (BURL) has provided the following forward guidance: Comparable store sales growth: 2%-4% (FY2026); Adjusted earnings per share: $11.45-$11.80 (FY2026); Net new store openings: 115 (FY2026); Adjusted EBIT margin: 10-30 basis points expansion (FY2026); Q2 FY2026 comparable store sales growth: 1%-3% (Q2 FY2026), plus 2 additional metrics.
Q2 FY2026 comparable store sales growth (Q2 FY2026): “For Q2, we expect comp store sales to be up 1%-3%”
Q2 FY2026 adjusted earnings per share (Q2 FY2026): “adjusted EPS outlook in the range of $2.05-$2.20, compared to last year's second quarter EPS of $1.72”
Capital expenditures net of landlord allowances (FY2026): “Capital expenditures net of landlord allowances is still expected to be approximately $875 million in fiscal 2026”