Recent News
May 2026 — Burlington outlined plans for an expanded store footprint, citing an increase in planned gross new stores for 2026. May 19, 2026 — the company held its virtual annual shareholder meeting and related proxy matters. June 22, 2026 — local reporting covered a new distribution/operations facility opening in Georgia that will add jobs. Early June filings noted an institutional ownership disclosure from an activist investor.
Technical Analysis
ADX at 12.99 indicates no established trend; directional movement shows weakness as DI+ decreases while DI- experienced a dip-and-reversal, both signaling bearish directional pressure that clashes with the current over-valued assessment.
MACD sits at 3.70 below the signal line at 4.27 with a peak-and-reversal pattern, indicating bearish momentum and a loss of upside conviction relative to recent highs.
MRO at 22.33 signals the price sits above model target and faces mean-reversion pressure; this reinforces the potential for near-term downside toward structural support levels given the valuation premium.
RSI reads 52.02 and shows a peak-and-reversal pattern, indicating waning upside momentum rather than oversold conditions—momentum no longer favors a sustained push higher.
Price relationships show short-term resistance: price trades below the 12-day and 20-day levels (12-day EMA and TenkanSen have peaked), while remaining above the 50-day and 200-day averages; Bollinger bands place the stock nearer the upper-middle band and super-trend support lies near $315.54. Volume today and over recent sessions trails the 50/200-day averages, reducing conviction behind any breakout attempts.
Fundamental Analysis
Total revenue stands at $2,856,461,000 with year-over-year revenue growth of -8.07% and an overall revenue change of -21.69%; quarter-over-quarter revenue fell sharply (reported QoQ change -162.73%).
Profitability: EBIT equals $159,164,000, giving an EBIT margin of 5.57%, down -6.16% YoY and down -53.44% QoQ; that margin sits below the industry peer mean of 11.27% and below the industry peer median of 12.14%.
Earnings: reported EPS of $2.01 beat the estimate of $1.80 by $0.21, a surprise of 11.67%, supporting short-term earnings momentum despite margin compression.
Cash flow and leverage: free cash flow recorded a deficit of $228,196,000 with a free cash flow yield of -1.16% and a free-cash decline both QoQ and YoY; operating cash flow remains positive at $109,266,000. Debt metrics show total debt of $5,871,547,000, debt-to-equity of 3.20 and debt-to-EBITDA near 22.26, indicating material leverage relative to earnings.
Balance-sheet and working capital: cash and short-term investments total $747,355,000, current ratio 1.16 and quick ratio 0.49; days inventory outstanding sits at 61.27 while cash-conversion-cycle days improved QoQ and YoY.
Margins and returns: gross margin at 44.17% exceeds the industry peer mean of 34.83%, contrasting with lower operating and EBIT margins. Return on equity registers near 6.25%, below the industry peer mean of 6.34% (but close to the peer mean figure provided).
Valuation: price multiples appear elevated—trailing PE ~155.50 and price-to-book ~10.71, both above the industry peer means provided. The current valuation as determined by WMDST: over-valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-04-30 |
| REPORT DATE: | 2026-05-28 |
| NEXT REPORT DATE: | 2026-08-27 |
| CASH FLOW | Begin Period Cash Flow | $ 1.2 B |
| Operating Cash Flow | $ 109.3 M | |
| Capital Expenditures | $ -289.66 M | |
| Change In Working Capital | $ -252.16 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -485.17 M | |
| End Period Cash Flow | $ 747.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.9 B | |
| Forward Revenue | $ 1.3 B | |
| COSTS | ||
| Cost Of Revenue | $ 1.6 B | |
| Depreciation | $ 104.6 M | |
| Depreciation and Amortization | $ 104.6 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.7 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.3 B | |
| EBITDA | $ 263.8 M | |
| EBIT | $ 159.2 M | |
| Operating Income | $ 167.7 M | |
| Interest Income | $ 6.2 M | |
| Interest Expense | $ 16.5 M | |
| Net Interest Income | $ -10.33 M | |
| Income Before Tax | $ 142.7 M | |
| Tax Provision | $ 27.9 M | |
| Tax Rate | 19.573 % | |
| Net Income | $ 114.7 M | |
| Net Income From Continuing Operations | $ 114.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.80 | |
| EPS Actual | $ 2.01 | |
| EPS Difference | $ 0.21 | |
| EPS Surprise | 11.667 % | |
| Forward EPS | $ 3.44 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 9.8 B | |
| Intangible Assets | $ 285.1 M | |
| Net Tangible Assets | $ 1.6 B | |
| Total Current Assets | $ 2.5 B | |
| Cash and Short-Term Investments | $ 747.4 M | |
| Cash | $ 747.4 M | |
| Net Receivables | $ 114.0 M | |
| Inventory | $ 1.4 B | |
| Long-Term Investments | $ 85.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.1 B | |
| Short-Term Debt | $ 20.0 M | |
| Total Current Liabilities | $ 2.2 B | |
| Net Debt | $ 1.2 B | |
| Total Debt | $ 5.9 B | |
| Total Liabilities | $ 7.9 B | |
| EQUITY | ||
| Total Equity | $ 1.8 B | |
| Retained Earnings | $ 2.2 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 29.18 | |
| Shares Outstanding | 62.942 M | |
| Revenue Per-Share | $ 45.38 | |
| VALUATION | Market Capitalization | $ 19.7 B |
| Enterprise Value | $ 24.8 B | |
| Enterprise Multiple | 94.008 | |
| Enterprise Multiple QoQ | 128.9 % | |
| Enterprise Multiple YoY | 10.384 % | |
| Enterprise Multiple IPRWA | BURL: 94.008 high: 91.91 median: 61.914 mean: 61.224 low: -56.081 |
|
| EV/R | 8.681 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 5.324 | |
| Asset To Liability | 1.231 | |
| Debt To Capital | 0.762 | |
| Debt To Assets | 0.601 | |
| Debt To Assets QoQ | -0.806 % | |
| Debt To Assets YoY | -3.656 % | |
| Debt To Assets IPRWA | high: 1.056 BURL: 0.601 mean: 0.395 median: 0.392 low: 0.053 |
|
| Debt To Equity | 3.197 | |
| Debt To Equity QoQ | -3.785 % | |
| Debt To Equity YoY | -18.883 % | |
| Debt To Equity IPRWA | high: 4.366 BURL: 3.197 median: 1.346 mean: 1.22 low: -2.006 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 10.712 | |
| Price To Book QoQ | 4.214 % | |
| Price To Book YoY | -6.68 % | |
| Price To Book IPRWA | high: 11.726 BURL: 10.712 mean: 5.889 median: 4.231 low: -3.375 |
|
| Price To Earnings (P/E) | 155.497 | |
| Price To Earnings QoQ | 156.727 % | |
| Price To Earnings YoY | 1.126 % | |
| Price To Earnings IPRWA | BURL: 155.497 high: 151.867 mean: 93.23 median: 87.842 low: -111.133 |
|
| PE/G Ratio | -2.64 | |
| Price To Sales (P/S) | 6.887 | |
| Price To Sales QoQ | 35.227 % | |
| Price To Sales YoY | 11.109 % | |
| Price To Sales IPRWA | high: 12.449 median: 11.308 mean: 8.161 BURL: 6.887 low: 0.213 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 92.172 | |
| Forward PE/G | -1.565 | |
| Forward P/S | 14.584 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.93 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.29 | |
| Asset Turnover Ratio QoQ | -22.403 % | |
| Asset Turnover Ratio YoY | 0.315 % | |
| Asset Turnover Ratio IPRWA | high: 0.733 median: 0.398 mean: 0.373 BURL: 0.29 low: 0.078 |
|
| Receivables Turnover | 26.053 | |
| Receivables Turnover Ratio QoQ | -20.885 % | |
| Receivables Turnover Ratio YoY | 1.343 % | |
| Receivables Turnover Ratio IPRWA | high: 56.856 BURL: 26.053 median: 23.027 mean: 19.998 low: 5.204 |
|
| Inventory Turnover | 1.157 | |
| Inventory Turnover Ratio QoQ | -16.254 % | |
| Inventory Turnover Ratio YoY | 5.677 % | |
| Inventory Turnover Ratio IPRWA | high: 2.505 median: 1.315 BURL: 1.157 mean: 1.143 low: 0.308 |
|
| Days Sales Outstanding (DSO) | 3.502 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 18.773 | |
| Cash Conversion Cycle Days QoQ | -32.805 % | |
| Cash Conversion Cycle Days YoY | -70.043 % | |
| Cash Conversion Cycle Days IPRWA | high: 123.448 median: 24.579 mean: 24.184 BURL: 18.773 low: -49.216 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 8.099 | |
| CapEx To Revenue | -0.101 | |
| CapEx To Depreciation | -2.769 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 3.7 B | |
| Net Invested Capital | $ 3.8 B | |
| Invested Capital | $ 3.8 B | |
| Net Tangible Assets | $ 1.6 B | |
| Net Working Capital | $ 352.7 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.347 | |
| Current Ratio | 1.164 | |
| Current Ratio QoQ | -5.548 % | |
| Current Ratio YoY | 9.909 % | |
| Current Ratio IPRWA | high: 2.367 mean: 1.215 BURL: 1.164 median: 1.139 low: 0.727 |
|
| Quick Ratio | 0.493 | |
| Quick Ratio QoQ | -24.047 % | |
| Quick Ratio YoY | 27.44 % | |
| Quick Ratio IPRWA | high: 1.391 median: 0.526 mean: 0.5 BURL: 0.493 low: 0.068 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 22.26 | |
| Cost Of Debt | 0.223 % | |
| Interest Coverage Ratio | 9.649 | |
| Interest Coverage Ratio QoQ | -58.774 % | |
| Interest Coverage Ratio YoY | 2.604 % | |
| Interest Coverage Ratio IPRWA | high: 245.657 mean: 58.647 median: 50.468 BURL: 9.649 low: -58.921 |
|
| Operating Cash Flow Ratio | 0.051 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 46.0 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.43 % | |
| Revenue Growth | -21.685 % | |
| Revenue Growth QoQ | -162.731 % | |
| Revenue Growth YoY | -8.072 % | |
| Revenue Growth IPRWA | high: 13.262 % mean: -13.804 % median: -17.784 % BURL: -21.685 % low: -54.332 % |
|
| Earnings Growth | -58.896 % | |
| Earnings Growth QoQ | -130.824 % | |
| Earnings Growth YoY | -2.953 % | |
| Earnings Growth IPRWA | high: 59.259 % mean: -13.178 % median: -16.783 % BURL: -58.896 % low: -360.0 % |
|
| MARGINS | ||
| Gross Margin | 44.169 % | |
| Gross Margin QoQ | 1.002 % | |
| Gross Margin YoY | 0.643 % | |
| Gross Margin IPRWA | high: 68.334 % BURL: 44.169 % mean: 34.827 % median: 31.278 % low: 18.156 % |
|
| EBIT Margin | 5.572 % | |
| EBIT Margin QoQ | -53.443 % | |
| EBIT Margin YoY | -6.164 % | |
| EBIT Margin IPRWA | high: 20.591 % median: 12.141 % mean: 11.269 % BURL: 5.572 % low: -21.913 % |
|
| Return On Sales (ROS) | 5.87 % | |
| Return On Sales QoQ | -47.952 % | |
| Return On Sales YoY | -1.145 % | |
| Return On Sales IPRWA | high: 20.591 % median: 11.771 % mean: 11.051 % BURL: 5.87 % low: -21.913 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -228.20 M | |
| Free Cash Flow Yield | -1.16 % | |
| Free Cash Flow Yield QoQ | -129.912 % | |
| Free Cash Flow Yield YoY | -59.722 % | |
| Free Cash Flow Yield IPRWA | high: 11.783 % mean: 0.463 % median: 0.45 % BURL: -1.16 % low: -22.396 % |
|
| Free Cash Growth | -131.674 % | |
| Free Cash Growth QoQ | -82.145 % | |
| Free Cash Growth YoY | -61.082 % | |
| Free Cash Growth IPRWA | high: 137.209 % mean: -73.47 % median: -83.005 % BURL: -131.674 % low: -241.787 % |
|
| Free Cash To Net Income | -1.989 | |
| Cash Flow Margin | 3.825 % | |
| Cash Flow To Earnings | 0.952 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.165 % | |
| Return On Assets QoQ | -63.376 % | |
| Return On Assets YoY | 0.086 % | |
| Return On Assets IPRWA | high: 6.557 % median: 3.704 % mean: 3.092 % BURL: 1.165 % low: -2.73 % |
|
| Return On Capital Employed (ROCE) | 2.087 % | |
| Return On Equity (ROE) | 0.062 | |
| Return On Equity QoQ | -63.619 % | |
| Return On Equity YoY | -16.213 % | |
| Return On Equity IPRWA | high: 0.355 median: 0.103 mean: 0.063 BURL: 0.062 low: -0.241 |
|
| DuPont ROE | 6.298 % | |
| Return On Invested Capital (ROIC) | 3.41 % | |
| Return On Invested Capital QoQ | -59.093 % | |
| Return On Invested Capital YoY | -9.236 % | |
| Return On Invested Capital IPRWA | high: 22.552 % median: 9.782 % mean: 8.175 % BURL: 3.41 % low: -6.248 % |
|