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Burlington Stores Inc Financials

BURL
Source SEC Filings (10-K/10-Q) Updated May 2, 2026 Currency USD FYE January

This page shows Burlington Stores Inc (BURL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BURL FY2026

Burlington’s model is a cash-generative retail engine, but expansion capex keeps most surplus cash inside the business.

Recent years brought a sharp rise in net income, reaching $610M from $340M. But operating cash flow of $1.23B was largely absorbed by capital spending of $1.06B, so the business produces cash before reinvestment much more clearly than it produces cash after reinvestment.

Gross margin widened from 42.6% to 43.9% while year-end inventory was roughly flat, which suggests growth did not require a matching stock build. Tiny accounts receivable relative to sales also means little revenue is waiting to be collected, helping cash flow track the business more closely than in credit-heavy models.

Long-term debt rose to $2.03B, yet debt to equity improved to 1.1x because retained earnings kept rebuilding the equity base. Liquidity also looked less tight as cash reached $1.23B and the current ratio moved back above 1x, so leverage remains part of the structure without crowding out near-term flexibility.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 44 / 100
Financial Profile 44/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Burlington Stores Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth
48

Burlington Stores Inc's revenue grew 8.8% year-over-year to $11.6B, a solid pace of expansion. This earns a growth score of 48/100.

Leverage
81

Burlington Stores Inc carries a low D/E ratio of 1.03, meaning only $1.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
18

Burlington Stores Inc's current ratio of 1.16 is below the typical benchmark, resulting in a score of 18/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
29

While Burlington Stores Inc generated $1.2B in operating cash flow, capex of $1.1B consumed most of it, leaving $171.6M in free cash flow. This results in a low score of 29/100, reflecting heavy capital investment rather than weak cash generation.

Returns
87

Burlington Stores Inc earns a strong 33.2% return on equity (ROE), meaning it generates $33 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 87/100. This is down from 37.3% the prior year.

Piotroski F-Score Strong
7/9

Burlington Stores Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
2.02x

For every $1 of reported earnings, Burlington Stores Inc generates $2.02 in operating cash flow ($1.2B OCF vs $610.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$11.6B
YoY+8.8%
5Y CAGR+14.9%
10Y CAGR+8.5%

Burlington Stores Inc generated $11.6B in revenue in fiscal year 2026. This represents an increase of 8.8% from the prior year.

EBITDA
N/A
Net Income
$610.2M
YoY+21.1%
10Y CAGR+15.0%

Burlington Stores Inc reported $610.2M in net income in fiscal year 2026. This represents an increase of 21.1% from the prior year.

EPS (Diluted)
$9.51
YoY+21.9%
10Y CAGR+16.9%

Burlington Stores Inc earned $9.51 per diluted share (EPS) in fiscal year 2026. This represents an increase of 21.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$171.6M
YoY+1108.9%
10Y CAGR+2.2%

Burlington Stores Inc generated $171.6M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 1108.9% from the prior year.

Cash & Debt
$747.4M
YoY+101.4%
5Y CAGR-13.4%
10Y CAGR+38.8%

Burlington Stores Inc held $747.4M in cash against $1.9B in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
63M
YoY-0.8%
5Y CAGR-1.2%
10Y CAGR-1.3%

Burlington Stores Inc had 63M shares outstanding in fiscal year 2026. This represents a decrease of 0.8% from the prior year.

Margins & Returns

Gross Margin
43.9%
YoY+0.6pp
5Y CAGR+5.6pp
10Y CAGR+3.6pp

Burlington Stores Inc's gross margin was 43.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.

Operating Margin
N/A
Net Margin
5.3%
YoY+0.5pp
5Y CAGR+9.0pp
10Y CAGR+2.3pp

Burlington Stores Inc's net profit margin was 5.3% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.

Return on Equity
33.2%
YoY-4.0pp
5Y CAGR+73.3pp

Burlington Stores Inc's ROE was 33.2% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 4.0 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$278.4M
YoY+8.6%
5Y CAGR+33.6%
10Y CAGR+3.3%

Burlington Stores Inc spent $278.4M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 8.6% from the prior year.

Capital Expenditures
$1.1B
YoY+20.4%
5Y CAGR+31.1%
10Y CAGR+18.0%

Burlington Stores Inc invested $1.1B in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 20.4% from the prior year.

BURL Income Statement

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Revenue $2.9B+5.4% $2.7B+0.2% $2.7B+8.0% $2.5B-20.1% $3.1B+23.9% $2.5B+2.6% $2.5B+4.4% $2.4B
Cost of Revenue $1.6B+5.6% $1.5B-0.6% $1.5B+8.2% $1.4B-21.7% $1.8B+26.5% $1.4B+0.7% $1.4B+5.8% $1.3B
Gross Profit $1.3B+5.1% $1.2B+1.3% $1.2B+7.9% $1.1B-18.0% $1.3B+20.5% $1.1B+5.2% $1.1B+2.6% $1.0B
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $989.4M+4.4% $947.5M-0.3% $949.9M+9.4% $868.1M-5.8% $921.8M+3.2% $893.1M+3.4% $864.0M+4.7% $825.2M
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $16.5M-13.9% $19.2M N/A $15.8M N/A $17.8M N/A N/A
Income Tax $27.9M-16.2% $33.3M+0.5% $33.1M+3.4% $32.0M-62.7% $85.8M+212.6% $27.4M+5.9% $25.9M-16.8% $31.1M
Net Income $114.7M+9.5% $104.8M+11.2% $94.2M-6.6% $100.8M-57.7% $238.4M+163.2% $90.6M+22.8% $73.8M-6.1% $78.5M
EPS (Diluted) $1.79+9.8% $1.63+10.9% $1.47-7.0% $1.58 N/A $1.40+21.7% $1.15-5.7% $1.22

BURL Balance Sheet

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Total Assets $9.8B+1.9% $9.6B+3.1% $9.3B+8.9% $8.5B-2.5% $8.8B+3.9% $8.4B+7.9% $7.8B+1.6% $7.7B
Current Assets $2.5B-5.9% $2.7B+3.4% $2.6B+24.2% $2.1B-21.2% $2.6B-2.3% $2.7B+19.2% $2.3B+0.9% $2.2B
Cash & Equivalents $747.4M+28.0% $584.1M-21.9% $747.6M+101.5% $371.1M-62.7% $994.7M+16.0% $857.8M+30.0% $659.9M-11.1% $742.3M
Inventory $1.4B-12.9% $1.7B+17.2% $1.4B+7.6% $1.3B+5.2% $1.3B-13.2% $1.4B+17.8% $1.2B+7.2% $1.1B
Accounts Receivable $114.0M-1.9% $116.2M+4.5% $111.2M+4.2% $106.7M+21.2% $88.1M-14.4% $102.9M+3.2% $99.7M-1.0% $100.7M
Goodwill $47.1M0.0% $47.1M0.0% $47.1M0.0% $47.1M0.0% $47.1M0.0% $47.1M0.0% $47.1M0.0% $47.1M
Total Liabilities $7.9B-1.6% $8.1B+2.6% $7.9B+9.2% $7.2B-2.7% $7.4B+1.4% $7.3B+8.1% $6.8B+1.3% $6.7B
Current Liabilities $2.2B-2.3% $2.2B+5.2% $2.1B+7.0% $2.0B-13.9% $2.3B-1.3% $2.3B+5.6% $2.2B+3.9% $2.1B
Long-Term Debt $1.9B-5.9% $2.0B-0.2% $2.0B+23.4% $1.6B-3.7% $1.7B+10.2% $1.5B+25.0% $1.2B-0.2% $1.2B
Total Equity $1.8B+20.2% $1.5B+5.6% $1.4B+7.0% $1.4B-1.3% $1.4B+19.5% $1.1B+7.1% $1.1B+3.8% $1.0B
Retained Earnings $2.2B+23.8% $1.8B+6.2% $1.7B+5.9% $1.6B+6.8% $1.5B+21.3% $1.2B+8.0% $1.1B+6.9% $1.1B

BURL Cash Flow Statement

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Operating Cash Flow $61.5M-57.1% $143.3M-20.1% $179.4M+720.7% -$28.9M-105.3% $543.2M+392.0% $110.4M-31.2% $160.4M+224.9% $49.4M
Capital Expenditures $288.7M+14.1% $253.0M+40.9% $179.5M-56.2% $409.7M+16.0% $353.3M+112.0% $166.6M-14.8% $195.6M+18.7% $164.8M
Free Cash Flow -$227.3M-107.3% -$109.6M-108436.6% -$101K+100.0% -$438.6M-331.0% $189.8M+437.7% -$56.2M-59.9% -$35.2M+69.5% -$115.5M
Investing Cash Flow -$289.7M-13.0% -$256.4M-52.0% -$168.7M+59.1% -$412.7M-19.1% -$346.4M-99.5% -$173.6M+11.8% -$196.7M-18.9% -$165.5M
Financing Cash Flow -$257.0M-409.1% -$50.5M-113.8% $365.8M+301.0% -$182.0M-203.9% -$59.9M-122.9% $261.1M+666.2% -$46.1M+31.0% -$66.9M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $134.3M+112.0% $63.3M+131.8% $27.3M-78.6% $127.6M+105.4% $62.1M+10.0% $56.5M-9.1% $62.1M-17.9% $75.6M

BURL Financial Ratios

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Gross Margin 44.2%-0.1pp 44.3%+0.5pp 43.8%-0.1pp 43.9%+1.1pp 42.8%-1.2pp 44.0%+1.1pp 42.9%-0.8pp 43.6%
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin 4.0%+0.2pp 3.9%+0.4pp 3.5%-0.6pp 4.0%-3.6pp 7.6%+4.0pp 3.6%+0.6pp 3.0%-0.3pp 3.3%
Return on Equity 6.3%-0.6pp 6.9%+0.3pp 6.5%-0.9pp 7.5%-9.9pp 17.4%+9.5pp 7.9%+1.0pp 6.9%-0.7pp 7.6%
Return on Assets 1.2%+0.1pp 1.1%+0.1pp 1.0%-0.2pp 1.2%-1.5pp 2.7%+1.7pp 1.1%+0.1pp 0.9%-0.1pp 1.0%
Current Ratio 1.16-0.0 1.21-0.0 1.23+0.2 1.06-0.1 1.16-0.0 1.17+0.1 1.04-0.0 1.07
Debt-to-Equity 1.03-0.3 1.32-0.1 1.40+0.2 1.21-0.0 1.24-0.1 1.35+0.2 1.15-0.0 1.20
FCF Margin -8.0%-3.9pp -4.0%-4.0pp 0.0%+17.5pp -17.5%-23.6pp 6.1%+8.3pp -2.2%-0.8pp -1.4%+3.5pp -4.9%

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Frequently Asked Questions

Burlington Stores Inc (BURL) reported $11.6B in total revenue for fiscal year 2026. This represents a 8.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Burlington Stores Inc (BURL) revenue grew by 8.8% year-over-year, from $10.6B to $11.6B in fiscal year 2026.

Yes, Burlington Stores Inc (BURL) reported a net income of $610.2M in fiscal year 2026, with a net profit margin of 5.3%.

Burlington Stores Inc (BURL) reported diluted earnings per share of $9.51 for fiscal year 2026. This represents a 21.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2026, Burlington Stores Inc (BURL) had $747.4M in cash and equivalents against $1.9B in long-term debt.

Burlington Stores Inc (BURL) had a gross margin of 43.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Burlington Stores Inc (BURL) had a net profit margin of 5.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Burlington Stores Inc (BURL) has a return on equity of 33.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Burlington Stores Inc (BURL) generated $171.6M in free cash flow during fiscal year 2026. This represents a 1108.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Burlington Stores Inc (BURL) generated $1.2B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Burlington Stores Inc (BURL) had $9.8B in total assets as of fiscal year 2026, including both current and long-term assets.

Burlington Stores Inc (BURL) invested $1.1B in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Yes, Burlington Stores Inc (BURL) spent $278.4M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Burlington Stores Inc (BURL) had 63M shares outstanding as of fiscal year 2026.

Burlington Stores Inc (BURL) had a current ratio of 1.16 as of fiscal year 2026, which is considered adequate.

Burlington Stores Inc (BURL) had a debt-to-equity ratio of 1.03 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Burlington Stores Inc (BURL) had a return on assets of 6.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Burlington Stores Inc (BURL) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Burlington Stores Inc (BURL) has an earnings quality ratio of 2.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Burlington Stores Inc (BURL) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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