A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
ITEM 1. BUSINESS lululemon athletica inc. is principally a designer, distributor, and retailer of technical athletic apparel, footwear, and accessories. Our vision is to create transformative products and experiences that build meaningful connections, unlocking greater possibility and wellbeing for all. Since our inception, we have fostered a distinctive corporate culture; we promote a set of core values in our business which include taking personal responsibility, acting with courage, valuing connection and inclusion, and choosing to have fun. These core values attract passionate and motivated employees who are driven to achieve personal and professional goals, and share our purpose "to elevate human potential by helping people feel their best." In this Annual Report on Form 10-K for the fiscal year ended February 1, 2026, lululemon athletica inc. (together with its subsidiaries) is referred to as "lululemon," "the Company," "we," "us," or "our.
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 11.1B | 11.1B | 10.6B | 9.6B | 8.1B | 6.3B |
| Net Income | 1.6B | 1.6B | 1.8B | 1.6B | 855M | 975M |
| EPS | $13.26 | $13.26 | $14.64 | $12.20 | $6.68 | $7.49 |
| Free Cash Flow | 922M | 922M | 1.6B | 1.6B | 328M | 995M |
| ROIC | 49.4% | 56.8% | 45.1% | 44.8% | 27.8% | 41.3% |
| Gross Margin | 56.6% | 56.6% | 59.2% | 58.3% | 55.4% | 57.7% |
| Debt/Equity | 0.00 | 0.70 | 0.36 | 0.33 | 0.34 | 0.32 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 2.2B | 2.2B | 2.5B | 2.1B | 1.3B | 1.3B |
| Operating Margin | 19.9% | 19.9% | 23.7% | 22.2% | 16.4% | 21.3% |
| ROE | 31.8% | 34.0% | 42.0% | 36.6% | 27.1% | 35.6% |
| Shares Outstanding | 119M | 119M | 124M | 127M | 128M | 130M |
lululemon athletica inc. passes 7 of 9 quality checks, indicating strong fundamentals.
lululemon athletica inc. trades at 11.3x trailing earnings, compared to its 15-year median P/E of 42.7x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 16.2x vs a median of 38.4x. The company's 5-year average ROIC is 43.1% with a gross margin of 57.4%. Total shareholder yield (buybacks) is 6.1%. At current prices, the estimated annualized return to fair value is +25.0%.
lululemon athletica inc. (LULU) has a current P/E ratio of 11.3, compared to its historical median P/E of 42.7. The stock is currently considered Cheap based on its historical valuation range.
lululemon athletica inc. (LULU) has a 5-year average return on invested capital (ROIC) of 43.1%. This indicates strong capital allocation and a potential competitive advantage.
lululemon athletica inc. (LULU) has a market capitalization of $19.4B. It is classified as a large-cap stock.
lululemon athletica inc. (LULU) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 6.09%.
Based on historical P/E analysis, lululemon athletica inc. (LULU) appears cheap. The current P/E of 11.3 is 74% below its historical median of 42.7. The estimated fair value CAGR (P/E method) is 24.4%.
lululemon athletica inc. (LULU) operates in the Apparel & Other Finishd Prods Of Fabrics & Similar Matl industry, within the Consumer Cyclical sector.
lululemon athletica inc. (LULU) reported annual revenue of $11.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
lululemon athletica inc. (LULU) has a net profit margin of 14.2%. This is a healthy margin.
lululemon athletica inc. (LULU) generated $922 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
lululemon athletica inc. (LULU) has a debt-to-equity ratio of 0.70. This indicates moderate leverage.
lululemon athletica inc. (LULU) reported earnings per share (EPS) of $13.26 in its most recent fiscal year.
lululemon athletica inc. (LULU) has a return on equity (ROE) of 34.0%. This indicates the company generates strong returns for shareholders.
lululemon athletica inc. (LULU) has a 5-year average gross margin of 57.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for lululemon athletica inc. (LULU), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
lululemon athletica inc. (LULU) has a book value per share of $41.66, based on its most recent annual SEC filing.