BURL

MKT CAP:$21B

Burlington Stores, Inc.

Market Cap

$21B

Consumer Cyclical·Apparel - Retail·🇺🇸 United States·NYSE

Consumer Cyc.·Apparel - Retail·🇺🇸·NYSE

Stock Price

$348.61+$50.22 (+16.83%)

Apr 20, 2026

Company Details

Burlington 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...

CEO

Michael O'Sullivan

IPO Date

Oct 2, 2013

Website

www.burlingtoninvestors.com

Key Metrics TTM

Revenue

$11.6B

+8.8% YoY

Net Income

$610M

EPS (Diluted)

$9.52

Free Cash Flow

$232M

Revenue / Share

$180.30

Gross Margin

41.9%

Operating Margin

8.9%

Net Margin

5.3%

FCF Margin

2.0%

P/S

1.8x

P/E

34.0x

Earnings Reports

FY 2025

Mar 5, 2026

$11.6B+8.9%EPS $9.51

Q4 2025

Mar 5, 2026

$3.6B+11.5%EPS $4.84

Q3 2025

Nov 25, 2025

$2.7B+7.2%EPS $1.63

Q2 2025

Aug 28, 2025

$2.7B+9.7%EPS $1.47

Q1 2025

May 29, 2025

$2.5B+6.0%EPS $1.58

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1.9B	$791M	$116M
Q2 22	$2.0B	$776M	$95M
Q3 22	$2.0B	$841M	$119M
Q4 22	$2.7B	$1.1B	$312M
Q1 23	$2.1B	$904M	$152M
Q2 23	$2.2B	$907M	$136M
Q3 23	$2.3B	$990M	$167M
Q4 23	$3.1B	$1.3B	$383M
Q1 24	$2.4B	$1.0B	$207M
Q2 24	$2.5B	$1.1B	$195M
Q3 24	$2.5B	$1.1B	$221M
Q4 24	$3.3B	$1.4B	$416M
Q1 25	$2.5B	$1.1B	$232M
Q2 25	$2.7B	$1.2B	$236M
Q3 25	$2.7B	$1.1B	$156M
Q4 25	$3.6B	$1.5B	$411M

Valuation

Quarter	P/S	P/E
Q1 22	2.3x	81.7x
Q2 22	2.4x	127.0x
Q3 22	2.4x	124.5x
Q4 22	2.4x	90.1x
Q1 23	2.3x	84.1x
Q2 23	2.3x	78.1x
Q3 23	2.2x	69.8x
Q4 23	2.1x	61.1x
Q1 24	2.1x	53.8x
Q2 24	2.0x	48.4x
Q3 24	2.0x	44.1x
Q4 24	2.0x	41.2x
Q1 25	1.9x	39.4x
Q2 25	1.9x	38.0x
Q3 25	1.9x	37.0x
Q4 25	1.8x	34.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$172M	-$279M
Q2 22	$19M	-$83M
Q3 22	$162M	$30M
Q4 22	$587M	$478M
Q1 23	-$78M	-$178M
Q2 23	$108M	$17M
Q3 23	$240M	$107M
Q4 23	$599M	$386M
Q1 24	$49M	-$116M
Q2 24	$160M	-$36M
Q3 24	$110M	$565M
Q4 24	$543M	$188M
Q1 25	-$29M	-$433M
Q2 25	$179M	-$12M
Q3 25	$143M	$739M
Q4 25	$938M	-$62M

Capital Expenditures

Quarter	CapEx
Q1 22	$107M
Q2 22	$103M
Q3 22	$133M
Q4 22	$109M
Q1 23	$100M
Q2 23	$91M
Q3 23	$133M
Q4 23	$213M
Q1 24	$165M
Q2 24	$196M
Q3 24	$455M
Q4 24	$356M
Q1 25	$404M
Q2 25	$191M
Q3 25	$595M
Q4 25	$1000M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-12.0%	-4.7%
Q2 22	-10.3%	-4.2%
Q3 22	-11.4%	-8.6%
Q4 22	+5.2%	+4.5%
Q1 23	+10.8%	+9.4%
Q2 23	+9.4%	+7.7%
Q3 23	+12.2%	+10.4%
Q4 23	+14.0%	+12.8%
Q1 24	+10.5%	+8.6%
Q2 24	+13.4%	+11.4%
Q3 24	+10.6%	+8.8%
Q4 24	+4.8%	+4.3%
Q1 25	+6.0%	+5.5%
Q2 25	+9.7%	+8.8%
Q3 25	+7.2%	+10.7%
Q4 25	+11.5%	+13.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$17M	0.9%
Q2 22	$17M	0.9%
Q3 22	$17M	0.8%
Q4 22	$16M	0.6%
Q1 23	$17M	0.8%
Q2 23	$19M	0.9%
Q3 23	$22M	0.9%
Q4 23	$26M	0.8%
Q1 24	$19M	0.8%
Q2 24	$25M	1.0%
Q3 24	$25M	1.0%
Q4 24	$18M	0.6%
Q1 25	$22M	0.9%
Q2 25	$32M	1.2%
Q3 25	$27M	1.0%
Q4 25	$25M	0.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	—	—	—	$676M
Q2 22	—	—	—	$681M
Q3 22	—	—	—	$722M
Q4 22	$21M	$746M	$34M	—
Q1 23	—	—	—	$752M
Q2 23	—	—	—	$771M
Q3 23	—	—	—	$823M
Q4 23	$23M	$891M	$37M	—
Q1 24	—	—	—	$822M
Q2 24	—	—	—	$861M
Q3 24	—	—	—	$890M
Q4 24	$26M	$927M	$35M	—
Q1 25	—	—	—	$866M
Q2 25	—	—	—	$948M
Q3 25	—	—	—	$946M
Q4 25	—	—	—	$1.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$627M	$0	$627M
Q2 22	$455M	$0	$455M
Q3 22	$429M	$0	$429M
Q4 22	$873M	$0	$873M
Q1 23	$532M	$0	$532M
Q2 23	$521M	$0	$521M
Q3 23	$616M	$0	$616M
Q4 23	$925M	$0	$925M
Q1 24	$742M	$0	$742M
Q2 24	$660M	$0	$660M
Q3 24	$858M	$0	$858M
Q4 24	$995M	$0	$995M
Q1 25	$371M	$0	$371M
Q2 25	$748M	$0	$748M
Q3 25	$584M	$0	$584M
Q4 25	$1.2B	$0	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	67M	-1.5%	-2.0%
Q2 22	66M	-1.0%	-3.6%
Q3 22	66M	-0.7%	-4.0%
Q4 22	65M	-0.2%	-3.3%
Q1 23	65M	-0.1%	-2.0%
Q2 23	65M	-0.4%	-1.4%
Q3 23	65M	-0.4%	-1.1%
Q4 23	64M	-0.6%	-1.5%
Q1 24	64M	-0.2%	-1.6%
Q2 24	64M	+0.1%	-1.1%
Q3 24	65M	+0.5%	-0.3%
Q4 24	65M	+0.3%	+0.6%
Q1 25	64M	-1.2%	-0.4%
Q2 25	64M	-0.2%	-0.7%
Q3 25	64M	+0.3%	-0.9%
Q4 25	64M	+0.1%	-1.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$30.9K	62K
Q2 22	$31.8K	62K
Q3 22	$32.7K	62K
Q4 22	$43.9K	62K
Q1 23	$34.2K	62K
Q2 23	$34.8K	62K
Q3 23	$36.7K	62K
Q4 23	$50.0K	62K
Q1 24	$37.8K	62K
Q2 24	$39.5K	62K
Q3 24	$40.5K	62K
Q4 24	$52.4K	62K
Q1 25	$40.1K	62K
Q2 25	$43.3K	62K
Q3 25	$43.4K	62K
Q4 25	$58.5K	62K

Revenue / Employee