Burlington Stores vs Victoria's Secret &
Burlington Stores is the larger business, with $11.57bn of revenue in fiscal 2026 against $6.55bn for Victoria's Secret & (1.8 times as much). Burlington Stores grew faster (8.8% against 5.2%). Burlington Stores kept more of each dollar of sales as profit: a net margin of 5.3% against 2.5%. Victoria's Secret & carries less debt relative to equity (113.9% against 115.0%).
| Latest fiscal year | Burlington StoresBURL, 2026 | Victoria's Secret &VSXY, 2026 |
|---|---|---|
| Revenue | $11.57bn | $6.55bn |
| Revenue growth | 8.8% | 5.2% |
| Net income | $610m | $161m |
| Operating margin | — | 4.1% |
| Net margin | 5.3% | 2.5% |
| Return on equity | 38.4% | 21.5% |
| Free cash flow | $172m | $312m |
| Cash | $1.23bn | $518m |
| Total debt | $2.08bn | $975m |
| Debt to equity | 115.0% | 113.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $278m | $0 |
| Employees | 77,532 | 33,000 |
| Market value | $14.99bn | $8.04bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 53 (Moderate) | 52 (Moderate) |
| Insider trades, 12 months | 0 buys, 84 sales | 3 buys, 10 sales |