The Filing Desk

Burlington Stores vs Victoria's Secret

Burlington Stores BURL · Victoria's Secret VSXY · Apparel Retail

Burlington Stores reported revenue of $11.6 billion in fiscal 2025, 1.8 times Victoria's Secret's $6.6 billion in fiscal 2025. Burlington Stores' revenue grew 8.8% in its latest year, and Victoria's Secret's grew 5.2%. Free cash flow was $172 million at Burlington Stores and $312 million at Victoria's Secret.

Side by side

Burlington StoresVictoria's Secret
Latest fiscal yearFY2025, Jan 31, 2026FY2025, Jan 31, 2026
Revenue$11.6B$6.6B
Revenue growth8.8%5.2%
Revenue growth a year, last 5 years14.9%3.9%
Gross margin43.9%36.4%
Operating margin—4.1%
Net margin5.3%2.5%
Free cash flow$172M$312M
Free cash flow margin1.5%4.8%
Return on capital28.1%17.7%
Net debt to EBITDA0.6x0.9x
Dividends and buybacks$278M$0M
Change in diluted share count−0.7%2.5%
Last close$241.26$94.96
P/E at the last close21.7×21.1×
Insider trades, last 12 monthssold $16.4 millionbought $322,604, sold $212.4 million
Piotroski F-score7 of 96 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Burlington StoresVictoria's Secret
Operating margin
Percent of revenue
Burlington StoresVictoria's Secret
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Burlington StoresVictoria's Secret

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Burlington Stores and Victoria's Secret pages.