Lululemon Athletica
LULU Nasdaq· Apparel, Accessories & Luxury Goods
Last close · Oct 26, 2026
$102.91
KIRA · Stoqly’s AI analyst, in plain words
- Lululemon Athletica had $11.1B of revenue in fiscal 2025, up 4.9% on the year before. Over five years, revenue changed +20.3% a year on average.
- Its operating margin was 19.9%, down 3.8 pts: of every 100 in sales, about 20 is left after running the business.
- Lululemon Athletica made $1.6B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 22.0% a year.
- Free cash flow was $922M in fiscal 2025, 8.3% of revenue.
- Lululemon Athletica returned $1.2B to shareholders in fiscal 2025, 128% of free cash flow. The diluted share count fell 3.9%.
- Lululemon Athletica has $1.8B more cash than debt.
Market cap
$11.6B
P/E
8.5x
Revenue
$11.1B
Net income
$1.6B
Free cash flow
$922M
Operating margin
19.9%
Lululemon Athletica in 30 seconds · fiscal 2025
Are sales growing?
+4.9%
Only a little. Sales grew 4.9% last year.
Does it make a profit?
14.2%
Yes. It keeps 14.2% of every sale as profit.
Does profit turn into cash?
8.3%
Partly. 8.3% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
8.5x
One share costs 8.5 times its yearly profit per share. Typical for its sector: 17.9x.
What Lululemon Athletica does
Lululemon designs and sells athletic clothing, shoes and accessories, such as leggings, shorts, tops and jackets for yoga, running and training, under the lululemon name. It sells mainly through its own stores, websites and apps, and operates in 30 countries. In the year to February 2026, women's clothing made up 63% of revenue, men's 24% and accessories and other products 13%. It reports three regional segments. The Americas, where it opened its first store in Vancouver in 1998, brought in 71% of revenue in 2025. China Mainland brought in 16%, and the Rest of World segment covers the rest of Asia Pacific, Europe and the Middle East. Lululemon says it competes on brand, quality, style and price with global and local makers and sellers of athletic clothing and shoes, including established companies and new brands. Lululemon had 811 company-run stores and about 39,000 employees in early 2026.
Biggest risks, in its own words
- Damage to its brand, or losing shoppers to rivals and new brands, could cut its sales and profits.
- Failing to predict what shoppers want and to keep making new products they like.
- New US tariffs and the end of duty-free treatment for low-value imports, which have raised its product costs.
- Its reliance on a small number of overseas manufacturers, mostly in Asia, and possible supply disruptions.
- Fiscal year ends
- February 1, 2026
- Latest annual report
- 10-K · Mar 17, 2026
- Legal name
- lululemon athletica inc.
- CIK
- 0001397187
Lululemon Athletica · LULU
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $6.3B | $8.1B | $9.6B | $10.6B | $11.1B |
| Revenue growth | 42.1% | 29.6% | 18.6% | 10.1% | 4.9% |
| Gross margin | 57.7% | 55.4% | 58.3% | 59.2% | 56.6% |
| Operating margin | 21.3% | 16.4% | 22.2% | 23.7% | 19.9% |
| Net income | $975M | $855M | $1.6B | $1.8B | $1.6B |
| Net margin | 15.6% | 10.5% | 16.1% | 17.1% | 14.2% |
| Diluted EPS | $7.49 | $6.68 | $12.20 | $14.64 | $13.26 |
| Cash | |||||
| Cash from operations | $1.4B | $967M | $2.3B | $2.3B | $1.6B |
| Capital expenditure | $395M | $639M | $652M | $689M | $681M |
| Free cash flow | $995M | $328M | $1.6B | $1.6B | $922M |
| FCF margin | 15.9% | 4.0% | 17.1% | 15.0% | 8.3% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $813M | $444M | $559M | $1.6B | $1.2B |
| Share count change | −0.4% | −1.8% | −0.8% | −2.5% | −3.9% |
| Debt and strength | |||||
| Cash and short-term investments | $1.3B | $1.2B | $2.2B | $2.0B | $1.8B |
| Debt incl. finance leases | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $2.7B | $3.1B | $4.2B | $4.3B | $5.0B |
| Net debt / EBITDA | −0.8x | −0.7x | −0.9x | −0.7x | −0.7x |
| Current ratio | 1.9x | 2.1x | 2.5x | 2.2x | 2.3x |
| Interest coverage | 111,112.9x | 11,451.8x | 9,114.0x | 5,242.0x | 2,150.4x |
| Returns and quality | |||||
| Return on capital | 67.5% | 49.1% | 76.3% | 81.6% | 56.8% |
| Return on equity | 36.8% | 29.0% | 42.0% | 42.4% | 34.0% |
| Piotroski F-score | 7 | 6 | 8 | 5 | 5 |
| Altman Z'' | 6.4 | 6.6 | 7.6 | 7.2 | 6.8 |
Insiders bought, 12 months
$2.0M
2 insiders
Insiders sold, 12 months
$3.4M
3 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Lululemon Athletica · LULU
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Lululemon Athletica LULU | $11.6B | 4.9% | 19.9% | 8.3% | 56.8% | 8.5x | 5 |
| VF VFC | $6.7B | 1.1% | 6.0% | 5.8% | 9.0% | — | 7 |
| PVH PVH | $4.0B | 3.4% | 2.6% | 6.0% | 1.8% | — | 6 |
| Ralph Lauren RL | $23.7B | 14.6% | 14.5% | 9.2% | 45.4% | 24.4x | 8 |
| Tapestry TPR | $23.3B | 14.2% | 23.9% | 22.6% | 77.9% | — | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $102.91 a share, the company is worth $11.6B: 8.5 times its earnings of the last four quarters.
Lululemon Athletica grew sales faster than 2 of its 4 similar companies. Its P/E is higher than 0 of 1.
Source: SEC EDGAR XBRL filings (CIK 0001397187). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.