lululemon athletica inc. (LULU)
Consumer Discretionary · Apparel, Accessories & Luxury Goods · US stock · S&P 500 component
$104.06
▲ +7.53 (7.80%)
Fair valueData under review
No reliable estimate yet
Too few of our valuation models give a usable value for this company, so we show no number rather than a misleading one. How fair value works
Day's range
$95.31 – $104.16
52-week range
$90.38 – $225.98
About lululemon athletica inc.
Lululemon designs and sells athletic apparel and accessories for yoga, running, training and everyday wear. It sells through its own retail stores, its websites and mobile apps, and to a lesser extent through outlets and wholesale partners. Revenue comes from product sales to consumers, and the company relies on brand loyalty, product design and its growth in international markets.
The company reported revenue of $11.1 billion for the last twelve months at lululemon athletica inc.. Revenue growth over the past three years averaged 11.0% a year. It kept an operating margin of 17.8%. The return on invested capital reached 41%, a measure of profit earned on the money invested in the business. Net debt to EBITDA is -0.6 times, which means the company holds more cash than debt. The company does not pay a dividend. On the site's X-Ray Score, it rates 76 out of 100.
Price chart
52-wk range $90.38 – $225.98Volume 6,804,629Daily, split-adjusted
Vitals
Market cap$11.8B
52-week range$90.38 – $225.98
Volume (last day)6,804,629
P/E (TTM)8.5
EBIT / EV yield19.1%
Free-cash-flow yield11.5%
Dividend yieldNo dividend
Revenue (TTM)$11.1B
Net income (TTM)$1.4B
Operating margin17.8%
Return on capital41.1%
Debt incl. leases$0
Cash & securities$1.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
Data under review
Only 1 valuation model gives a usable value for this company, which is too few for a fair value we would stand behind
What this means
Read the lenses below
A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
94/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield19.1%
Free-cash-flow yield11.5%
Growth
Fair
69/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)11.0%
EPS growth (3y)25.7%
Growth consistency90%
Profitability
Fair
66/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital41.1%
Operating margin17.8%
Gross profitability73.4%
Financial health
Strong
75/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA-0.6×
Interest coverNo interest cost
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+7.3%
May '25
+6.5%
Aug '25
+7.1%
Nov '25
+0.8%
Feb '26
+4.3%
May '26
-4.3%
Aug '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.4B, diluted EPS $2.92.
Compare with peers
TPR Tapestry, Inc.63 RL Ralph Lauren Corp62 NKE NIKE, Inc.46Other Apparel, Accessories & Luxury Goods companies by X-Ray Score.
SWOT analysis: lululemon athletica inc.
Strengthsinside the company
- Return on invested capital is 41.1%, against a median of 44.8% for industry peers.
- Revenue has grown 11.0% a year over three years (median 6.3% for industry peers).
- Earnings per share have compounded at 25.7% a year over three years.
- Free cash flow equals 11.5% of the market value, which funds dividends, buybacks or debt paydown.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Trades at 8.3x earnings, 55% below the 18.4x median of industry peers.
Threatsvaluation and setting
- Revenue growth slowed to 4.9% last year from 11.0% a year over three years.
- Too few of our valuation models give a usable value for this company to state a fair value; treat price comparisons with caution.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare LULU with peers and sector
Medians of 3 Apparel, Accessories & Luxury Goods peers and of 46 Consumer Discretionary stocks in our universe.
Largest peers (X-Ray Score): NKE 46, TPR 63, RL 62.
| Metric | LULU | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 76 | 62 | 50 |
| Valuation | 94 | 64 | 48 |
| Growth | 68 | 66 | 50 |
| Profitability | 65 | 65 | 52 |
| Financial health | 75 | 65 | 49 |
| Dividends | – | 40 | 52 |
Sector leaders: highest X-Ray Score in Consumer Discretionary
LULU ranks #2 of 47 in Consumer Discretionary and #1 of 4 in Apparel, Accessories & Luxury Goods by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for LULU
Each factor is rated by where LULU stands among the 47 Consumer Discretionary stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 15 Good · 7 Average · 1 Bad of 23
Growth: 2 · 1 · 0
Profitability: 3 · 2 · 0
Financial strength: 3 · 1 · 0
Valuation: 5 · 0 · 0
Cash flow: 1 · 3 · 0
Efficiency: 1 · 0 · 1
| Factor | LULU | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +11.0% | Good beats 70% | +6.5% | – | – |
| Revenue growth, last year | +4.9% | Average beats 49% | +4.9% | +18.6% | ▼ Worse |
| EPS growth, 3 years a year | +25.7% | Good beats 88% | +4.0% | – | – |
| Profitability | |||||
| Gross margin | 56.1% | Good beats 73% | 42.5% | 57.7% | ≈ In line |
| Operating margin | 17.8% | Average beats 63% | 14.9% | 21.3% | ▼ Worse |
| Net margin | 12.8% | Good beats 71% | 11.4% | 15.6% | ▼ Worse |
| Return on invested capital | 41.1% | Good beats 70% | 24.6% | – | – |
| Return on equity | 29.6% | Average beats 43% | 35.3% | 35.6% | ▼ Worse |
| Financial strength | |||||
| Net debt / EBITDA | -0.6x | Good beats 90% | 1.8x | -0.8x | ≈ In line |
| Interest cover | 50.0x | Good beats 76% | 25.3x | – | – |
| Current ratio | 2.19 | Good beats 92% | 1.10 | 2.16 | ≈ In line |
| Piotroski F-score | 6 / 9 | Average beats 49% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 8.3x | Good beats 99% | 21.1x | 39.2x | ▲ Better |
| Price / book | 2.5x | Good beats 82% | 7.2x | 12.6x | ▲ Better |
| Price / sales | 1.1x | Good beats 80% | 2.1x | 4.9x | ▲ Better |
| EV / EBITDA | 4.1x | Good beats 94% | 15.0x | 23.6x | ▲ Better |
| Free cash flow yield | 11.5% | Good beats 90% | 4.3% | 2.7% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 12.2% | Average beats 62% | 10.8% | 15.0% | ▼ Worse |
| Cash from operations / net income | 1.40 | Average beats 58% | 1.37 | 1.25 | ▲ Better |
| Free cash flow growth, 3 years a year | +41.1% | Good beats 87% | +12.1% | – | – |
| Accruals (lower is better) | −6.6% | Average beats 63% | −5.3% | – | – |
| Efficiency | |||||
| Inventory turnover | 2.8x | Bad beats 28% | 4.2x | 2.8x | ≈ In line |
| Days sales outstanding | 6 days | Good beats 80% | 14 days | 5 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 11 Good · ● 4 Average · ● 0 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyAverage
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 80/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $6.3B | $8.1B | $9.6B | $10.6B | $11.1B |
| Operating income | $1.3B | $1.3B | $2.1B | $2.5B | $2.2B |
| Net income | $975M | $855M | $1.6B | $1.8B | $1.6B |
| Operating cash flow | $1.4B | $966M | $2.3B | $2.3B | $1.6B |
| Operating margin | 21.3% | 16.4% | 22.2% | 23.7% | 19.9% |
| Free cash flow | $995M | $328M | $1.6B | $1.6B | $922M |
| Diluted EPS | $7.49 | $6.68 | $12.20 | $14.64 | $13.26 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
6 bullish · 1 neutral · 9 bearish
Weekly
Strongly bearish
2 bullish · 1 neutral · 9 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 97.21 | Bullish |
| EMA 10 | 98.12 | Bullish |
| SMA 20 | 96.43 | Bullish |
| EMA 20 | 98.17 | Bullish |
| SMA 50 | 104.7 | Bearish |
| EMA 50 | 103.5 | Bullish |
| SMA 100 | 111.3 | Bearish |
| EMA 100 | 113.5 | Bearish |
| SMA 200 | 136.9 | Bearish |
| EMA 200 | 135.3 | Bearish |
Oscillators (daily)
| RSI (14) | 58.17 | Neutral |
| MACD (12, 26) | -1.13 | Bearish |
| Momentum (12) | 11.16 | Bullish |
| Stochastic %K (14) | 99.27 | Bearish |
| Williams %R (14) | -0.73 | Bearish |
| CCI (20) | 129.4 | Bearish |
Pivot points (classic, last session)
S3 89.34 | S2 92.32 | S1 98.19 | Pivot 101.2 | R1 107.0 | R2 110.0 | R3 115.9 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
ETFs that hold LULU
| ETF | Share of the fund |
|---|---|
| SPHB Invesco S&P 500 High Beta | 0.84% |
| XLY Consumer Discretionary Select Sector S... | 0.30% |
| AVLV Avantis U.S. Large Cap Value | 0.29% |
| QUAL iShares MSCI USA Quality Factor | 0.25% |
| VCR Vanguard Consumer Discretionary | 0.24% |
| FDIS Fidelity MSCI Consumer Discretionary I... | 0.24% |
| GARP iShares MSCI USA Quality GARP | 0.21% |
| RSP Invesco S&P 500 Equal Weight | 0.19% |
The eight funds with the largest weight in LULU among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
LULU stock splits
LULU has split its stock once since 2011. The latest was a 2-for-1 split on 12 Jul 2011.
Full LULU stock split history →LULU SEC filings
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Director or officer change; Shareholder vote results
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.