Is the business good?
How good a business is BURL?
Burlington Stores, Inc. earns 22% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
22%
Return on invested capital · cost of capital 9.0% · 13 points above what the capital costs: growth creates value
- Operating margin
- 6.9%
Operating margin · Apparel Retail median 11% · 12 months to Q1 2026
- Cash conversion
- 0.61×
Cash conversion · −0.65× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +0.22%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | −7.6% |
| FY2021 | 5.9% |
| FY2022 | 3.5% |
| FY2023 | 4.8% |
| FY2024 | 6.3% |
| FY2025 | 7.1% |
Details›
- Gross margin12 months to Q1 2026
- 44%
- Operating margin12 months to Q1 2026
- 6.9%
- Net margin12 months to Q1 2026
- 5.2%
- Free cash flow margin
- 3.2%
- Revenue, trailing twelve months
- $11.9B
- Free cash flow, trailing twelve months
- $383M
- Net income, trailing twelve months
- $624M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 22%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.