Lululemon Athletica
LULU · Apparel, Accessories & Luxury Goods
$99.01
4.9%Tapestry
TPR · Apparel, Accessories & Luxury Goods
$110.37
3.1%The short version
- Lululemon Athletica is the larger business, with $11.1B of revenue in fiscal 2025 against $8.0B for Tapestry.
- Tapestry grew revenue faster (14.2%, against 4.9%).
- Tapestry kept more of each dollar of sales as operating profit (23.9% operating margin, against 19.9% operating margin).
- Tapestry turned more of its sales into free cash flow (22.6% FCF margin, against 8.3% FCF margin).
- Tapestry earned a higher return on the capital invested in it (77.9%, against 56.8%).
| Latest fiscal year | LULU · FY25 | TPR · FY26 |
|---|---|---|
| Size | ||
| Market cap | $11.2B | $23.2B |
| Revenue | $11.1B | $8.0B |
| Free cash flow | $922M | $1.8B |
| Net income | $1.6B | $1.5B |
| Growth | ||
| Revenue growth | 4.9% | 14.2% |
| 5-year growth | 20.3% | 6.9% |
| Share count change | −3.9% | −5.5% |
| Profitability | ||
| Gross margin | 56.6% | 77.8% |
| Operating margin | 19.9% | 23.9% |
| Net margin | 14.2% | 19.1% |
| FCF margin | 8.3% | 22.6% |
| Return on capital | 56.8% | 77.9% |
| Return on equity | 34.0% | 197.1% |
| Balance sheet | ||
| Net debt | −$1.8B | $1.2B |
| Net debt / EBITDA | −0.7x | 0.6x |
| Dividends and buybacks | $1.2B | $1.9B |
| Valuation & quality | ||
| P/E | 8.1x | — |
| Piotroski F-score | 5 | 7 |
FY17
LULU $2.6B
TPR $4.5B
FY18
LULU $3.3B
TPR $5.9B
FY19
LULU $4.0B
TPR $6.0B
FY20
LULU $4.4B
TPR $5.0B
FY21
LULU $6.3B
TPR $5.7B
FY22
LULU $8.1B
TPR $6.7B
FY23
LULU $9.6B
TPR $6.7B
FY24
LULU $10.6B
TPR $6.7B
FY25
LULU $11.1B
TPR $7.0B
FY26
LULU —
TPR $8.0B
LULU
TPR
FY17
LULU 17.2%
TPR 17.5%
FY18
LULU 21.5%
TPR 11.4%
FY19
LULU 22.3%
TPR 13.6%
FY20
LULU 18.6%
TPR −11.1%
FY21
LULU 21.3%
TPR 16.9%
FY22
LULU 16.4%
TPR 17.6%
FY23
LULU 22.2%
TPR 17.6%
FY24
LULU 23.7%
TPR 17.1%
FY25
LULU 19.9%
TPR 5.9%
FY26
LULU —
TPR 23.9%
LULU
TPR
FY17
LULU $331M
TPR $571M
FY18
LULU $517M
TPR $730M
FY19
LULU $386M
TPR $518M
FY20
LULU $574M
TPR $202M
FY21
LULU $995M
TPR $1.2B
FY22
LULU $328M
TPR $759M
FY23
LULU $1.6B
TPR $791M
FY24
LULU $1.6B
TPR $1.1B
FY25
LULU $922M
TPR $1.1B
FY26
LULU —
TPR $1.8B
LULU
TPR
FY17
LULU 41.6%
TPR 32.9%
FY18
LULU 81.5%
TPR 17.6%
FY19
LULU 89.9%
TPR 18.4%
FY20
LULU 52.0%
TPR −13.8%
FY21
LULU 67.5%
TPR 34.1%
FY22
LULU 49.1%
TPR 33.0%
FY23
LULU 76.3%
TPR 31.1%
FY24
LULU 81.6%
TPR 31.7%
FY25
LULU 56.8%
TPR 14.8%
FY26
LULU —
TPR 77.9%
LULU
TPR
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.