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Stocks · Consumer discretionary · Apparel & Other Finishd Prods of Fabrics & Similar Matl

Lululemon Athletica

LULU Clue Score72
British Columbia, Canada Fiscal year ends January CIK 0001397187
$94.50 +1.96% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $94.50 −75.52% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue2.34Operating income0.42Net income0.30EPS, diluted2.21Fiscal year 2018Revenue2.65 +13.0%Operating income0.46Net income0.26 −14.7%EPS, diluted1.90 −14.0%Fiscal year 2019Revenue3.29 +24.1%Operating income0.71Net income0.48 +87.0%EPS, diluted3.61 +90.0%Fiscal year 2020Revenue3.98 +21.0%Operating income0.89Net income0.65 +33.4%EPS, diluted4.93 +36.6%Fiscal year 2021Revenue4.40 +10.6%Operating income0.82Net income0.59 −8.8%EPS, diluted4.50 −8.7%Fiscal year 2022Revenue6.26 +42.1%Operating income1.33Net income0.98 +65.6%EPS, diluted7.49 +66.4%Fiscal year 2023Revenue8.11 +29.6%Operating income1.33Net income0.85 −12.4%EPS, diluted6.68 −10.8%Fiscal year 2024Revenue9.62 +18.6%Operating income2.13Net income1.55 +81.4%EPS, diluted12.20 +82.6%Fiscal year 2025Revenue10.59 +10.1%Operating income2.51Net income1.81 +17.1%EPS, diluted14.64 +20.0%Fiscal year 2026Revenue11.10 +4.9%Operating income2.21Net income1.58 −13.0%EPS, diluted13.26 −9.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 2.34 2.65 3.29 3.98 4.40 6.26 8.11 9.62 10.59 11.10
Growth +13.0% +24.1% +21.0% +10.6% +42.1% +29.6% +18.6% +10.1% +4.9%
Operating income 0.42 0.46 0.71 0.89 0.82 1.33 1.33 2.13 2.51 2.21
Net income 0.30 0.26 0.48 0.65 0.59 0.98 0.85 1.55 1.81 1.58
Growth −14.7% +87.0% +33.4% −8.8% +65.6% −12.4% +81.4% +17.1% −13.0%
EPS, diluted 2.21 1.90 3.61 4.93 4.50 7.49 6.68 12.20 14.64 13.26
Growth −14.0% +90.0% +36.6% −8.7% +66.4% −10.8% +82.6% +20.0% −9.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin51.2%Operating margin18.0%Net margin12.9%Free cash flow margin10.1%Fiscal year 2018Gross margin52.8%Operating margin17.2%Net margin9.8%Free cash flow margin12.5%Fiscal year 2019Gross margin55.2%Operating margin21.5%Net margin14.7%Free cash flow margin15.7%Fiscal year 2020Gross margin55.9%Operating margin22.3%Net margin16.2%Free cash flow margin9.7%Fiscal year 2021Gross margin56.0%Operating margin18.6%Net margin13.4%Free cash flow margin13.0%Fiscal year 2022Gross margin57.7%Operating margin21.3%Net margin15.6%Free cash flow margin15.9%Fiscal year 2023Gross margin55.4%Operating margin16.4%Net margin10.5%Free cash flow margin4.0%Fiscal year 2024Gross margin58.3%Operating margin22.2%Net margin16.1%Free cash flow margin17.1%Fiscal year 2025Gross margin59.2%Operating margin23.7%Net margin17.1%Free cash flow margin15.0%Fiscal year 2026Gross margin56.6%Operating margin19.9%Net margin14.2%Free cash flow margin8.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 51.2% 52.8% 55.2% 55.9% 56.0% 57.7% 55.4% 58.3% 59.2% 56.6%
Operating margin 18.0% 17.2% 21.5% 22.3% 18.6% 21.3% 16.4% 22.2% 23.7% 19.9%
Net margin 12.9% 9.8% 14.7% 16.2% 13.4% 15.6% 10.5% 16.1% 17.1% 14.2%
Free cash flow margin 10.1% 12.5% 15.7% 9.7% 13.0% 15.9% 4.0% 17.1% 15.0% 8.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow0.39Capital expenditure−0.15Free cash flow0.24Buybacks−0.03Fiscal year 2018Operating cash flow0.49Capital expenditure−0.16Free cash flow0.33 +39.9%Buybacks−0.10Fiscal year 2019Operating cash flow0.74Capital expenditure−0.23Free cash flow0.52 +56.0%Buybacks−0.60Fiscal year 2020Operating cash flow0.67Capital expenditure−0.28Free cash flow0.39 −25.3%Buybacks−0.17Fiscal year 2021Operating cash flow0.80Capital expenditure−0.23Free cash flow0.57 +48.6%Buybacks−0.06Fiscal year 2022Operating cash flow1.39Capital expenditure−0.39Free cash flow0.99 +73.2%Buybacks−0.81Fiscal year 2023Operating cash flow0.97Capital expenditure−0.64Free cash flow0.33 −67.0%Buybacks−0.44Fiscal year 2024Operating cash flow2.30Capital expenditure−0.65Free cash flow1.64 +401.6%Buybacks−0.56Fiscal year 2025Operating cash flow2.27Capital expenditure−0.69Free cash flow1.58 −3.7%Buybacks−1.64Fiscal year 2026Operating cash flow1.60Capital expenditure−0.68Free cash flow0.92 −41.8%Buybacks−1.18
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 0.39 0.49 0.74 0.67 0.80 1.39 0.97 2.30 2.27 1.60
Capital expenditure −0.15 −0.16 −0.23 −0.28 −0.23 −0.39 −0.64 −0.65 −0.69 −0.68
Free cash flow 0.24 0.33 0.52 0.39 0.57 0.99 0.33 1.64 1.58 0.92
Growth +39.9% +56.0% −25.3% +48.6% +73.2% −67.0% +401.6% −3.7% −41.8%
Buybacks −0.03 −0.10 −0.60 −0.17 −0.06 −0.81 −0.44 −0.56 −1.64 −1.18

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash0.73Shareholders’ equity1.36Fiscal year 2018Cash0.99Shareholders’ equity1.60Fiscal year 2019Cash0.88Shareholders’ equity1.45Fiscal year 2020Cash1.09Shareholders’ equity1.95Fiscal year 2021Cash1.15Shareholders’ equity2.56Fiscal year 2022Cash1.26Shareholders’ equity2.74Fiscal year 2023Cash1.15Shareholders’ equity3.15Fiscal year 2024Cash2.24Shareholders’ equity4.23Fiscal year 2025Cash1.98Shareholders’ equity4.32Fiscal year 2026Cash1.81Shareholders’ equity4.96
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 0.73 0.99 0.88 1.09 1.15 1.26 1.15 2.24 1.98 1.81
Shareholders’ equity 1.36 1.60 1.45 1.95 2.56 2.74 3.15 4.23 4.32 4.96

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending February, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 29 Jan 2017 FY2018 28 Jan 2018 FY2019 3 Feb 2019 FY2020 2 Feb 2020 FY2021 31 Jan 2021 FY2022 30 Jan 2022 FY2023 29 Jan 2023 FY2024 28 Jan 2024 FY2025 2 Feb 2025 FY2026 1 Feb 2026
Revenue and profit
2.34 2.65 3.29 3.98 4.40 6.26 8.11 9.62 10.59 11.10
Growth +13.0% +24.1% +21.0% +10.6% +42.1% +29.6% +18.6% +10.1% +4.9%
1.14 1.25 1.47 1.76 1.94 2.65 3.62 4.01 4.32 4.82
1.20 1.40 1.82 2.22 2.46 3.61 4.49 5.61 6.27 6.28
Growth +16.6% +29.8% +22.4% +10.8% +46.5% +24.5% +24.9% +11.8% +0.2%
0.78 0.90 1.11 1.33 1.61 2.23 2.76 3.40 3.76 4.07
0.42 0.46 0.71 0.89 0.82 1.33 1.33 2.13 2.51 2.21
Growth +8.3% +54.8% +26.0% −7.8% +62.6% −0.4% +60.5% +17.5% −11.8%
0.42 0.46 0.72 0.90 0.82 1.33 1.33 2.18 2.58 2.24
0.12 0.20 0.23 0.25 0.23 0.36 0.48 0.63 0.76 0.66
0.30 0.26 0.48 0.65 0.59 0.98 0.85 1.55 1.81 1.58
Growth −14.7% +87.0% +33.4% −8.8% +65.6% −12.4% +81.4% +17.1% −13.0%
Per share
2.21 1.90 3.63 4.95 4.52 7.52 6.70 12.23 14.67 13.27
2.21 1.90 3.61 4.93 4.50 7.49 6.68 12.20 14.64 13.26
Growth −14.0% +90.0% +36.6% −8.7% +66.4% −10.8% +82.6% +20.0% −9.4%
137.1 136.0 133.4 130.4 130.3 129.8 127.7 126.7 123.7 119.0
137.3 136.2 134.0 131.0 130.9 130.3 128.0 127.1 123.9 119.1
Growth −0.8% −1.6% −2.3% −0.1% −0.4% −1.7% −0.7% −2.5% −3.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 20.3% a year over five years, and earnings per share grew 24.1% a year.
  • The diluted share count fell 9.0% in five years, so buybacks did some of the work per share.
  • Operating margin is up 1.3 points on five years ago, at 19.9%.
  • Profitable in every one of the 10 years on file.