Burlington Stores
BURL · NYSERetail-Department Stores · Fiscal year ends Feb 1
Burlington Stores reported revenue of $11.5B in the fiscal year ended Jan 2026, up 8.8% from the year before. Net income was $610M. Operating cash flow of $1.2B less capital expenditure of $1.1B left free cash flow of $172M. Net debt was $846M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $9.3B | $8.7B | $9.7B | $10.6B | $11.5B |
| Cost of revenue | $5.4B | $5.2B | $5.6B | $6B | $6.5B |
| Gross profit | $3.9B | $3.5B | $4.1B | $4.6B | $5.1B |
| Selling, general & admin | $2.9B | $2.9B | $3.3B | $3.5B | $3.8B |
| Interest expense | – | – | $78M | $70M | $71M |
| Pre-tax income | $545M | $308M | $466M | $675M | $816M |
| Income tax | $136M | $77M | $126M | $171M | $206M |
| Net income | $230M | $230M | $340M | $504M | $610M |
| Diluted EPS | 6.00 | 3.49 | 5.23 | 7.80 | 9.51 |
| Diluted shares | 68M | 66M | 65M | 65M | 64M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.1B | $873M | $925M | $995M | $1.2B |
| Receivables | $54M | $71M | $74M | $88M | $105M |
| Inventory | $1B | $1.2B | $1.1B | $1.3B | $1.3B |
| Current assets | $2.5B | $2.3B | $2.3B | $2.6B | $2.8B |
| Net PP&E | $1.6B | $1.7B | $1.9B | $2.4B | $3.2B |
| Goodwill | $47M | $47M | $47M | $47M | $47M |
| Total assets | $7.1B | $7.3B | $7.7B | $8.8B | $9.9B |
| Payables | $1.1B | $956M | $956M | $1B | $1B |
| Current liabilities | $1.9B | $1.9B | $2B | $2.3B | $2.2B |
| Short-term debt | – | – | – | – | $51M |
| Long-term debt | $1.5B | $1.5B | $1.4B | $1.7B | $2B |
| Shareholders' equity | $760M | $795M | $997M | $1.4B | $1.8B |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $833M | $596M | $869M | $863M | $1.2B |
| Capital expenditure | $352M | $447M | $493M | $880M | $1.1B |
| Free cash flow | $481M | $149M | $376M | −$17M | $172M |
| Depreciation & amortisation | $249M | $270M | $307M | $348M | $418M |
| Stock-based compensation | $59M | $67M | $84M | $88M | $107M |
| Share buybacks | $267M | $317M | $243M | $256M | $278M |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −6.7% | 11.8% | 9.3% | 8.8% |
| EPS growth (YoY) | – | −41.8% | 49.9% | 49.1% | 21.9% |
| Gross margin | 41.6% | 40.4% | 42.5% | 43.2% | 43.8% |
| Net margin | 2.5% | 2.6% | 3.5% | 4.7% | 5.3% |
| Return on equityBlank when equity is negative | 30.3% | 28.9% | 34.1% | 36.7% | 33.8% |
| Free cash flow margin | 5.2% | 1.7% | 3.9% | −0.2% | 1.5% |
| Cash conversion (CFO ÷ net income) | 3.62x | 2.59x | 2.56x | 1.71x | 2.02x |
| Receivable days | 2 | 3 | 3 | 3 | 3 |
| Inventory days | 69 | 83 | 71 | 76 | 74 |
| Payable days | 73 | 67 | 63 | 63 | 57 |
| Debt ÷ equity | 2.01x | 1.87x | 1.39x | 1.24x | 1.15x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $438M | $616M | $465M | $705M | $846M |
| Current ratio | 1.31x | 1.19x | 1.15x | 1.16x | 1.23x |
Recent filings
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.