Burlington Stores, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Burlington Stores, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	5,591	6,110	6,668	7,286	5,764	9,322	8,703	9,727	10,635	11,567
Cost of revenue	3,297	3,559	3,868	4,229	3,555	5,436	5,172	5,584	6,025	6,487
Gross profit	2,294	2,551	2,800	3,058	2,209	3,886	3,531	4,143	4,610	5,080
Selling, general and administrative	1,723	1,864	2,019	2,228	2,327	2,869	2,877	3,288	3,547	3,817
Interest expense								78.4	69.5	71
Interest income								24.6	31.5	20.9
Other non-operating income	10.8	8.89	11	-16.5	8.35	11.6	26.9	16.2	16.7	31.3
Pre-tax income	333	429	508	581	-438	545	308	466	675	816
Income tax	117	44.1	92.8	115	-221	136	77.4	126	171	206
Net income	216	385	415	465	-216	230	230	340	504	610
EPS, basic	3.06	5.64	6.21	7.05	-3.28	6.14	3.51	5.25	7.91	9.69
EPS, diluted	3.01	5.48	6.04	6.91	-3.28	6.00	3.49	5.23	7.80	9.51
Shares, basic (weighted)	70.5	68.3	66.8	65.9	66	66.6	65.6	64.7	63.6	63
Shares, diluted (weighted)	71.7	70.3	68.7	67.3	66	68.1	65.9	64.9	64.6	64.1

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	81.6	133	112	403	1,380	1,091	873	925	995	1,233
Receivables	43.3	71.6	58.8	91.5	62.2	54.1	71.1	74.4	88.1	105
Inventory	702	753	954	777	741	1,021	1,182	1,088	1,251	1,312
Other current assets	73.8	115	125	137	314	371	132	216	263	118
Total current assets	928	1,100	1,272	1,417	2,511	2,548	2,284	2,327	2,629	2,772
Property, plant and equipment	1,049	1,135	1,254	1,403	1,439	1,552	1,668	1,880	2,370	3,164
Goodwill	47.1	47.1	47.1	47.1	47.1	47.1	47.1	47.1	47.1	47.1
Intangible assets	213	189	164	0.73
Other non-current assets	90.5	96.7	99.8	85.7	72.8	62.1	83.6	79.2	97.7	71.3
Total assets	2,574	2,813	3,079	5,594	6,781	7,090	7,270	7,707	8,770	9,919
Accounts payable	640	736	849	759	863	1,081	956	956	1,038	1,019
Short-term debt	1.64	13.2	2.92	3.58	3.9	14.4	13.6	13.7	171	50.6
Total current liabilities	997	1,120	1,248	1,462	1,684	1,948	1,912	2,029	2,273	2,249
Long-term debt	1,129	1,114	984	1,002	1,928	1,541	1,462	1,395	1,540	2,012
Lease liabilities				2,322	2,401	2,539	2,825	2,985	3,254	3,497
Other non-current liabilities	291	313	346	97.8	104	80.9	69.4	73.8	74.4	75.7
Total liabilities	2,624	2,726	2,756	5,066	6,316	6,329	6,475	6,710	7,400	8,112
Total debt	1,130	1,127	987	961	2,066	1,529	1,488	1,391	1,700	2,028
Paid-in capital	1,421	1,457	1,509	1,587	1,810	1,928	2,016	2,118	2,238	2,370
Retained earnings	-1,060	-676	-261	205	-11.7	414	644	984	1,488	2,098
Treasury stock	-403	-693	-922	-1,245	-1,310	-1,577	-1,894	-2,139	-2,397	-2,678
Other comprehensive income	-7.19	-1.89	-3.61	-19	-23	-4.44	28.7	33.5	42.5	17.4
Shareholders' equity	-49.8	86.8	323	528	465	760	795	997	1,370	1,807
Total equity	-49.8	86.8	323	528	465	760	795	997	1,370	1,807
Total liabilities and equity	2,574	2,813	3,079	5,594	6,781	7,090	7,270	7,707	8,770	9,919
Shares outstanding	70.2	67.9	67.1	65.9	66.4	66.5	65	64	63.3	62.7

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	216	385	415	465	-216	409	230	340	504	610
Depreciation and amortization	184	201	218	211	220	249	270	307	348	418
Stock-based compensation	16	27	35.5	43.9	55.8	58.5	67.5	83.9	87.6	107
Deferred income tax	-2.92	-30.7	2.52	9.07	-25	52	-25.4	20.7	28.6	27.8
Change in receivables	-3.49	-20	3.48	-8.82	26.9	10.2	-13	-4.46	-14.3	-18.1
Change in inventory	81	-50.7	-202	176	36.5	-280	-161	94.1	-163	-61.1
Cash from operations	616	607	640	892	219	833	596	869	863	1,231
Capital expenditures	-188	-268	-296	-328	-273	-352	-447	-493	-880	-1,060
Cash from investing	-180	-262	-299	-325	-274	-344	-423	-504	-882	-1,055
Stock issued	4.48	9.17	16.3	34.2	34.9	39.9	20.6	18.8	31.7	25.3
Share buybacks	-202	-290	-229	-323	-65.5	-267	-317	-243	-256	-278
Cash from financing	-375	-293	-368	-292	1,032	-778	-392	-319	88.2	61.5
Net change in cash	60.7	51.7	-26.9	276	977	-289	-218	46.2	69.3	238
Free cash flow	428	339	344	563	-54.1	481	149	376	-17	172
Interest paid	51.6	49.1	52.2	47.1	48.4	52.7	51.4	88.1	84.6	73.1
Income taxes paid	69	110	75.7	111	45	130	-208	86.2	170	171

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to August 1, 2026; growth uses fiscal years. Valuation uses the share price of $254.69 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	44.6%	Gross profit / revenue.
Pre-tax margin	7.7%	Pre-tax income / revenue.
Net margin	5.8%	Net income / revenue.
FCF margin	3.4%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	11.6%	Cash from operations / revenue.
Effective tax rate	24.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	35.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	7.1%	Net income / average total assets.
SG&A / revenue	32.8%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.0%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	8.2%	Capital expenditures / revenue.
D&A / revenue	3.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	8.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	9.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	14.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	10.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	12.9%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	18.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	21.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	38.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	21.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	39.7%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	42.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	27.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	41.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 3y	4.8%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	31.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	31.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	31.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	13.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	10.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	7.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.9%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.17x	Current assets / current liabilities.
Quick ratio	0.38x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.32x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.96x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	19.1%	Total debt / total assets.
Liabilities / assets	80.1%	Total liabilities / total assets.
Net debt	$1.21B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	$380.3M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.96B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.22x	Revenue / average total assets.
Fixed asset turnover	3.60x	Revenue / average property, plant and equipment.
Inventory turnover	4.39x	Cost of revenue / average inventory.
Days inventory	83 days	365 x average inventory / cost of revenue.
Receivables turnover	95.4x	Revenue / average receivables.
Days sales outstanding	4 days	365 x average receivables / revenue.
Days payables	60 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	27 days	Days inventory + days sales outstanding - days payables.
FCF conversion	57.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	70.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$11.18	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$191.19	Revenue / diluted weighted shares.
FCF per share	$6.46	Free cash flow / diluted weighted shares.
Operating cash flow per share	$22.15	Cash from operations / diluted weighted shares.
Book value per share	$31.88	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$31.13	Tangible book value / shares outstanding.
Cash per share	$11.20	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	83.8%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$16.03B	Share price x shares outstanding.
Enterprise value	$17.24B	Market cap + total debt - cash - short-term investments.
P/E	22.4x	Market cap / net income. Only when net income is positive.
P/S	1.31x	Market cap / revenue.
P/B	8.01x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	8.20x	Market cap / tangible book value, when positive.
P/FCF	38.9x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	11.3x	Market cap / cash from operations, when positive.
EV/Sales	1.41x	Enterprise value / revenue.
EV/FCF	41.8x	Enterprise value / free cash flow, when both are positive.
FCF yield	2.6%	Free cash flow / market cap.
Earnings yield	4.5%	Net income / market cap (the inverse of P/E).
Shareholder yield	2.2%	(Dividends paid + share buybacks) / market cap.
PEG	0.57x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Burlington Stores, Inc.'s revenue in fiscal 2025?

Burlington Stores, Inc. reported revenue of $11.57B for fiscal 2025, 8.8% higher than the year before.

Was Burlington Stores, Inc. profitable in fiscal 2025?

Yes. Net income was $610.2M, a net margin of 5.3%.

How much free cash flow did Burlington Stores, Inc. generate in fiscal 2025?

Cash from operations of $1.23B minus capital expenditures of $1.06B left free cash flow of $171.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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