lululemon athletica inc. LULU
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."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.10B | $10.59B | $9.62B | $8.11B | $6.26B | $4.40B | $3.98B | $3.29B | $2.65B | $2.34B |
| Cost of revenue | $4.82B | $4.32B | $4.01B | $3.62B | $2.65B | $1.94B | $1.76B | $1.47B | $1.25B | $1.14B |
| Gross profit | $6.28B | $6.27B | $5.61B | $4.49B | $3.61B | $2.46B | $2.22B | $1.82B | $1.40B | $1.20B |
| SG&A | $4.07B | $3.76B | $3.40B | $2.76B | $2.23B | $1.61B | $1.33B | $1.11B | $904.3M | $778.5M |
| Operating income | $2.21B | $2.51B | $2.13B | $1.33B | $1.33B | $820.0M | $889.1M | $705.8M | $456.0M | $421.2M |
| Pre-tax income | $2.24B | $2.58B | $2.18B | $1.33B | $1.33B | $819.4M | $897.4M | $715.2M | $460.0M | $422.7M |
| Income tax | $659.8M | $761.5M | $625.5M | $477.8M | $358.5M | $230.4M | $251.8M | $231.4M | $201.3M | $119.3M |
| Net income | $1.58B | $1.81B | $1.55B | $854.8M | $975.3M | $588.9M | $645.6M | $483.8M | $258.7M | $303.4M |
| EPS, basic | 13.27 | 14.67 | 12.23 | 6.70 | 7.52 | 4.52 | 4.95 | 3.63 | 1.90 | 2.21 |
| EPS, diluted | 13.26 | 14.64 | 12.20 | 6.68 | 7.49 | 4.50 | 4.93 | 3.61 | 1.90 | 2.21 |
| Shares, diluted (wtd. avg.) | $119.1M | $123.9M | $127.1M | $128.0M | $130.3M | $130.9M | $131.0M | $134.0M | $136.2M | $137.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.81B | $1.98B | $2.24B | $1.15B | $1.26B | $1.15B | $1.09B | $881.3M | $990.5M | $734.8M |
| Receivables | $190.7M | $120.2M | $124.8M | $132.9M | $77.0M | $62.4M | $40.2M | $35.8M | $19.2M | $9.2M |
| Inventory | $1.70B | $1.44B | $1.32B | $1.45B | $966.5M | $647.2M | $518.5M | $404.8M | $329.6M | $298.4M |
| Total current assets | $4.26B | $3.98B | $4.06B | $3.16B | $2.61B | $2.12B | $1.81B | $1.43B | $1.44B | $1.16B |
| Property, plant and equipment | $2.03B | $1.78B | $1.55B | $1.27B | $927.7M | $745.7M | $671.7M | $567.2M | $473.6M | $423.5M |
| Goodwill | $184.9M | $159.5M | $24.1M | $24.1M | $386.9M | $386.9M | $24.2M | — | — | — |
| Other intangibles | $6.3M | $11.7M | $0 | $22.0M | $71.3M | $80.1M | $241.0K | $0 | $73.0K | $324.0K |
| Total assets | $8.46B | $7.60B | $7.09B | $5.61B | $4.94B | $4.19B | $3.28B | $2.08B | $2.00B | $1.66B |
| Accounts payable | $331.4M | $271.4M | $348.4M | $172.7M | $289.7M | $172.2M | $80.0M | $95.5M | $24.6M | $24.8M |
| Short-term debt | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — |
| Total current liabilities | $1.89B | $1.84B | $1.63B | $1.49B | $1.41B | $883.2M | $620.4M | $500.5M | $292.6M | $242.0M |
| Total liabilities | $3.49B | $3.28B | $2.86B | $2.46B | $2.20B | $1.63B | $1.33B | $638.7M | $401.5M | $297.6M |
| Retained earnings | $4.52B | $4.11B | $3.92B | $2.93B | $2.51B | $2.35B | $1.82B | $1.35B | $1.46B | $1.29B |
| Total equity | $4.96B | $4.32B | $4.23B | $3.15B | $2.74B | $2.56B | $1.95B | $1.45B | $1.60B | $1.36B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.60B | $2.27B | $2.30B | $966.5M | $1.39B | $803.3M | $669.3M | $742.8M | $489.3M | $386.4M |
| Depreciation and amortisation | $496.2M | $446.5M | $379.4M | $291.8M | $224.2M | $185.5M | $161.9M | $122.5M | $108.2M | $87.7M |
| Stock-based compensation | $62.2M | $90.0M | $93.6M | $78.1M | $69.1M | $50.8M | $45.6M | $28.6M | $17.6M | $16.8M |
| Capital expenditure | $680.8M | $689.2M | $651.9M | $638.7M | $394.5M | $229.2M | $283.0M | $225.8M | $157.9M | $149.5M |
| Investing cash flow | -$662.1M | -$798.2M | -$654.1M | -$569.9M | -$427.9M | -$695.5M | -$278.4M | -$242.8M | -$173.4M | -$149.5M |
| Financing cash flow | -$1.21B | -$1.65B | -$548.8M | -$467.5M | -$845.0M | -$80.8M | -$177.2M | -$590.2M | -$97.9M | -$26.6M |
| Buybacks | $1.18B | $1.64B | $558.7M | $444.0M | $812.6M | $63.7M | $173.4M | $598.3M | $100.3M | $29.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-058095.
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