lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails technical athletic apparel, footwear, and accessories for women and men under the lululemon brand in the United States, Canada, Mexico, China Mainland, Hong Kong, Taiwan, Macau, and internationally. It offers pants, shorts, tops, and jackets for athletic activities, such as yoga, running, training, and other activities. The company also provides fitness-inspired accessories. It sells its products through company-operated stores; seasonal stores, pop-ups, university campus retailers, and yoga and fitness studios; outlets; Like New, a re-commerce program; and its e-commerce website. The company was founded in 1998 and is based in Vancouver, Canada.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $11.1B | $2.7B | $1.6B | $922M | 31.8% | 4.9% | -13.0% |
| 2025 | $10.6B | $3.0B | $1.8B | $1.6B | 42.0% | 10.1% | 17.1% |
| 2024 | $9.6B | $2.6B | $1.6B | $1.6B | 36.6% | 18.6% | 81.4% |
| 2023 | $8.1B | $2.0B | $855M | $328M | 27.1% | - | - |
| 2022 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 8,110.52 | 9,619.28 | 10,588.13 | 11,102.60 |
| Cost Of Revenue | - | 3,618.18 | 4,009.87 | 4,317.31 | 4,818.47 |
| Gross Profit | - | 4,492.34 | 5,609.40 | 6,270.81 | 6,284.13 |
| Operating Expense | - | 2,766.20 | 3,402.23 | 3,765.11 | 4,073.52 |
| Operating Income | - | 1,726.14 | 2,207.18 | 2,505.70 | 2,210.61 |
| EBITDA | - | 2,017.93 | 2,586.56 | 2,952.22 | 2,706.84 |
| EBIT | - | 1,726.14 | 2,207.18 | 2,505.70 | 2,210.61 |
| Pretax Income | - | 1,332.57 | 2,175.74 | 2,576.08 | 2,238.97 |
| Tax Provision | - | 477.77 | 625.54 | 761.46 | 659.78 |
| Net Income | - | 854.80 | 1,550.19 | 1,814.62 | 1,579.18 |
| Net Income Common Stockholders | - | 854.80 | 1,550.19 | 1,814.62 | 1,579.18 |
| Total Expenses | - | 6,384.38 | 7,412.10 | 8,082.43 | 8,891.98 |
| Selling General And Administration | - | 2,757.45 | 3,397.22 | 3,762.38 | 4,066.56 |
| Normalized EBITDA | - | 2,415.66 | 2,661.06 | 2,952.22 | 2,706.84 |
| Normalized Income | - | 1,109.75 | 1,603.23 | 1,814.62 | 1,579.18 |
| Market Cap | 16,869.34 | 16,869.34 | 16,869.34 | 16,869.34 | 16,869.34 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| lululemon athletica inc.this co. | LULU | $17.1B | 10.68β discount | 3.40 | 31.8% | 6.23 |
| Tractor Supply Company | TSCO | $19.4B | 17.64 | 7.49 | 42.5% | 12.79 |
| Packaging Corporation of America | PKG | $19.1B | 24.53 | 4.13 | 16.8% | 12.97 |
| NVR, Inc. | NVR | $18.9B | 13.26 | 4.60 | 34.7% | 9.31 |
| Ball Corporation | BALL | $16.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| 17.90 |
| 3.01 |
| 16.8% |
| 10.72 |
| Deckers Outdoor Corporation | DECK | $16.5B | 15.95 | 6.13 | 38.4% | 10.49 |
| Genuine Parts Company | GPC | $15.3B | 229.41 | 3.42 | 1.5% | 28.11 |
| Aptiv PLC | APTV | $12.8B | 91.48 | 1.64 | 1.8% | 9.40 |
| Best Buy Co., Inc. | BBY | $12.8B | 11.85 | 4.27 | 36.1% | 6.60 |
| Peer Median | - | 17.77 | 4.20 | 25.8% | 10.60 | |