LULU · Lululemon Athletica Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $2.57B | $2.53B | $2.37B | $2.40B | $2.37B | $2.21B | $2.20B | $2.21B | $2.00B |
| Cost of Revenue | - | $1.14B | $1.05B | $987.53M | $995.05M | $958.89M | $933.82M | $947.55M | $910.65M | $849.99M |
| Gross Profit | - | $1.43B | $1.48B | $1.38B | $1.40B | $1.41B | $1.28B | $1.26B | $1.30B | $1.15B |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $988.25M | $951.66M | $942.87M | $909.83M | $871.96M | $842.43M | $842.79M | $817.38M | $747.51M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $127.46M | $119.72M | $114.53M | $113.60M | $103.57M | $95.76M | $97.97M | $94.01M | $84.12M |
| Operating Income | - | $435.89M | $523.81M | $438.63M | $490.66M | $540.23M | $432.64M | $338.12M | $479.26M | $401.41M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | $134.91M | $162.65M | $135.84M | $152.53M | $165.30M | $134.50M | $99.24M | $145.02M | $119.03M |
| Net Income | - | $306.83M | $370.90M | $314.57M | $351.87M | $392.92M | $321.42M | $248.71M | $341.60M | $290.40M |
| EPS - Basic | - | $2.59 | $3.10 | $2.61 | $2.87 | $3.15 | $2.55 | $1.97 | $2.69 | $2.28 |
| EPS - Diluted | - | $2.59 | $3.10 | $2.60 | $2.87 | $3.15 | $2.54 | $1.96 | $2.68 | $2.28 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.81B | $1.04B | $1.16B | $1.33B | $1.19B | $1.61B | $1.90B | $1.09B | $1.11B | $950.61M |
| Accounts Receivable | $190.66M | $250.30M | $139.26M | $141.24M | $143.42M | $126.12M | $126.35M | $107.00M | $106.22M | $107.47M |
| Inventory | $1.70B | $2.00B | $1.72B | $1.65B | $1.80B | $1.43B | $1.35B | $1.66B | $1.66B | $1.58B |
| Accounts Payable | $331.42M | $352.16M | $373.33M | $303.98M | $385.96M | $317.35M | $261.61M | $309.32M | $298.91M | $287.46M |
| Current Assets | $4.26B | $3.92B | $3.53B | $3.58B | $3.61B | $3.57B | $3.77B | $3.36B | $3.32B | $3.05B |
| Total Assets | $8.46B | $7.96B | $7.52B | $7.43B | $7.08B | $6.74B | $6.83B | $6.02B | $5.99B | $5.57B |
| Current Liabilities | $1.89B | $1.84B | $1.56B | $1.57B | $1.80B | $1.47B | $1.38B | $1.45B | $1.39B | $1.26B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $3.49B | $3.45B | $3.14B | $3.14B | $3.10B | $2.71B | $2.61B | $2.50B | $2.46B | $2.25B |
| Stockholders' Equity | $4.96B | $4.50B | $4.39B | $4.29B | $3.99B | $4.03B | $4.22B | $3.53B | $3.53B | $3.32B |
| Retained Earnings | $4.52B | $4.20B | $4.09B | $3.99B | $3.69B | $3.75B | $3.94B | $3.30B | $3.27B | $3.12B |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($118.95M) | - | - | $127.52M | - | - | $45.50M |
| Investing Cash Flow | - | - | - | ($106.84M) | - | - | ($131.54M) | - | - | ($138.22M) |
| Financing Cash Flow | - | - | - | ($467.97M) | - | - | ($328.63M) | - | - | ($115.40M) |
| CapEx | - | - | - | $152.26M | - | - | $130.68M | - | $145.51M | $136.94M |
| Free Cash Flow | - | - | - | ($271.22M) | - | - | ($3.16M) | - | - | ($91.44M) |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 55.6% | 58.5% | 58.3% | 58.5% | 59.6% | 57.7% | 57.0% | 58.8% | 57.5% |
| Operating margin | - | 17.0% | 20.7% | 18.5% | 20.5% | 22.8% | 19.6% | 15.3% | 21.7% | 20.1% |
| EBITDA margin | - | 22.0% | 25.5% | 23.3% | 25.2% | 27.2% | 23.9% | 19.8% | 25.9% | 24.3% |
| Net margin | - | 12.0% | 14.7% | 13.3% | 14.7% | 16.6% | 14.6% | 11.3% | 15.5% | 14.5% |
| Free cash flow margin | - | - | - | -11.4% | - | - | -0.1% | - | - | -4.6% |
| FCF / Net income | - | - | - | -0.86 | - | - | -0.01 | - | - | -0.31 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 38.5% | 37.7% | 39.8% | 38.0% | 36.8% | 38.1% | 38.2% | 37.0% | 37.4% |
| Effective tax rate | - | 30.5% | 30.5% | 30.2% | 30.2% | 29.6% | 29.5% | 28.5% | 29.8% | 29.1% |
| Return on assets | - | 3.9% | 4.9% | 4.2% | 5.0% | 5.8% | 4.7% | 4.1% | 5.7% | 5.2% |
| Return on equity | - | 6.8% | 8.5% | 7.3% | 8.8% | 9.7% | 7.6% | 7.1% | 9.7% | 8.7% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.26 | 2.13 | 2.27 | 2.28 | 2.00 | 2.43 | 2.72 | 2.32 | 2.40 | 2.43 |
| Quick ratio | 1.36 | 1.05 | 1.16 | 1.23 | 1.00 | 1.46 | 1.75 | 1.17 | 1.20 | 1.17 |
| Cash ratio | 0.96 | 0.56 | 0.74 | 0.84 | 0.66 | 1.10 | 1.37 | 0.75 | 0.80 | 0.76 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.70 | 1.77 | 1.71 | 1.73 | 1.78 | 1.67 | 1.62 | 1.71 | 1.70 | 1.68 |
| Liabilities / Assets | 0.41 | 0.43 | 0.42 | 0.42 | 0.44 | 0.40 | 0.38 | 0.41 | 0.41 | 0.40 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.32 | 0.34 | 0.32 | 0.34 | 0.35 | 0.32 | 0.37 | 0.37 | 0.36 |
| Inventory turnover | - | 0.57 | 0.61 | 0.60 | 0.55 | 0.67 | 0.69 | 0.57 | 0.55 | 0.54 |
| Days sales outstanding | - | 36d | 20d | 22d | 22d | 19d | 21d | 18d | 18d | 20d |
| Days inventory outstanding | - | 640d | 600d | 611d | 661d | 544d | 526d | 641d | 666d | 679d |
| Days payable outstanding | - | 113d | 130d | 112d | 142d | 121d | 102d | 119d | 120d | 123d |
| Cash conversion cycle | - | 563d | 490d | 520d | 541d | 443d | 444d | 539d | 563d | 575d |
| Valuation | ||||||||||
| P / E | - | 65.8x | 62.4x | 106.7x | 106.0x | 80.5x | 143.6x | 197.4x | 141.0x | 166.6x |
| P / B | - | 4.5x | 5.3x | 7.8x | 9.4x | 7.9x | 10.9x | 13.9x | 13.6x | 14.6x |
| P / S | - | 7.9x | 9.2x | 14.1x | 15.6x | 13.3x | 20.9x | 22.2x | 21.8x | 24.2x |
| EV / EBITDA | - | 34.1x | 34.2x | 58.2x | 59.8x | 46.7x | 83.6x | 109.9x | 82.0x | 97.9x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 7.1% | 6.5% | 7.3% | 8.7% | 7.3% | 10.4% | 18.7% | 18.2% | 24.0% |
| Revenue CAGR (3y) | - | 11.4% | 10.6% | 13.7% | 18.2% | 17.8% | 21.7% | 25.4% | 34.7% | 45.3% |
| Revenue CAGR (5y) | - | 18.1% | 22.8% | 29.5% | 21.2% | - | - | - | - | 25.2% |
| Gross profit growth (YoY) | - | 1.7% | 4.6% | 8.5% | 11.5% | 8.8% | 10.8% | 21.0% | 23.0% | 32.2% |
| Operating income growth (YoY) | - | -11.2% | -3.0% | 1.4% | 45.1% | 12.7% | 7.8% | -4.1% | 19.5% | 54.2% |
| Net income growth (YoY) | - | -12.8% | -5.6% | -2.1% | 41.5% | 15.0% | 10.7% | -2.6% | 18.0% | 52.8% |
| EPS growth (YoY) | - | -9.8% | -1.6% | 2.4% | 46.4% | 17.5% | 11.4% | -2.0% | 18.6% | 54.1% |
| EPS CAGR (3y) | - | 9.0% | 11.1% | 20.7% | 25.8% | 25.6% | 31.8% | 21.2% | 59.5% | 118.0% |
| EPS CAGR (5y) | - | 18.7% | 36.3% | 63.9% | 24.5% | 26.8% | 28.0% | 22.5% | 30.4% | 32.9% |
| FCF growth (YoY) | - | - | - | -8491.0% | - | - | 96.5% | - | - | 74.2% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 15.7% | 13.0% | 8.8% | 1.7% | 13.0% | 14.1% | 27.1% | 16.0% | 23.6% | 24.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-02-01.
Business segments
$11.10B totalAmericas Segment$7.85B · 70.7%
China Mainland Segment$1.75B · 15.8%
Other Country Segment$1.50B · 13.5%
Product / service
$11.10B totalWomens Apparel$7.00B · 63.0%
Mens Apparel$2.66B · 24.0%
Accessories And Other Categories$1.44B · 13.0%
Geographic
$20.90B totalAmericas$7.85B · 37.5%
US$6.33B · 30.3%
CN$1.95B · 9.3%
China Mainland$1.75B · 8.4%
CA$1.42B · 6.8%
Rest Of World$1.30B · 6.2%
Hong Kong SARTaiwan And Macau SAR$199.08M · 1.0%
MX$95.49M · 0.5%
Peer comparison
Same SIC group: Apparel & Other Finishd Prods of Fabrics & Similar Matl
Comparing lululemon athletica inc. against the 5 most active filers in the same SIC group.