Lululemon Athletica Inc. (LULU) Financial Ratios
21 years of historical data (2005–2025) · Consumer Cyclical · Apparel - Retail
EV/EBITDA
↓
4.69
↓-76% vs avg
5yr avg: 19.89
30Y Low5.9·High42.4
P/FCF
↓
13.77
↓-73% vs avg
5yr avg: 50.94
30Y Low19.7·High121.4
P/B Ratio
↓
2.68
↓-77% vs avg
5yr avg: 11.61
30Y Low3.1·High21.5
ROE
↓
34.0%
-8% vs avg
5yr avg: 36.9%
30Y Low5%·High42%
Debt/EBITDA
↑
0.66
+11% vs avg
5yr avg: 0.60
30Y Low0.0·High0.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LULU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Lululemon Athletica Inc. trades at 8.4x earnings, 75% below its 5-year average of 33.9x, sitting at the 0th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 60%. On a free-cash-flow basis, the stock trades at 13.8x P/FCF, 73% below the 5-year average of 50.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.7B | $20.8B | $51.3B | $60.7B | $39.8B | $41.2B | $43.0B | $31.3B | $19.6B | $10.8B | $9.2B |
| Enterprise Value | $12.7B | $20.8B | $50.9B | $59.9B | $39.7B | $40.8B | $42.7B | $31.0B | $18.7B | $9.8B | $8.4B |
| P/E Ratio → | 8.43 | 13.16 | 28.29 | 39.18 | 46.53 | 42.18 | 73.04 | 48.56 | 40.48 | 41.62 | 30.24 |
| P/S Ratio | 1.14 | 1.87 | 4.85 | 6.31 | 4.91 | 6.58 | 9.77 | 7.88 | 5.95 | 4.07 | 3.91 |
| P/B Ratio | 2.68 | 4.19 | 11.87 | 14.35 | 12.64 | 15.02 | 16.81 | 16.06 | 13.54 | 6.74 | 6.75 |
| P/FCF | 13.77 | 22.54 | 32.42 | 36.94 | 121.40 | 41.38 | 74.92 | 81.16 | 37.87 | 32.49 | 38.73 |
| P/OCF | 7.92 | 12.97 | 22.59 | 26.45 | 41.17 | 29.63 | 53.55 | 46.84 | 26.35 | 22.01 | 23.74 |
P/E links to full P/E history page with 30-year chart
LULU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Lululemon Athletica Inc.'s enterprise value stands at 4.7x EBITDA, 76% below its 5-year average of 19.9x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 62% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.87 | 4.81 | 6.23 | 4.90 | 6.52 | 9.69 | 7.79 | 5.69 | 3.69 | 3.60 |
| EV / EBITDA | 4.69 | 7.67 | 17.25 | 23.84 | 24.51 | 26.18 | 42.43 | 29.49 | 22.57 | 17.33 | 16.59 |
| EV / EBIT | 5.74 | 9.28 | 19.77 | 27.14 | 23.00 | 29.67 | 50.20 | 34.86 | 26.49 | 19.78 | 20.04 |
| EV / FCF | — | 22.53 | 32.16 | 36.43 | 121.14 | 41.00 | 74.31 | 80.24 | 36.16 | 29.50 | 35.63 |
LULU Profitability
Margins and return-on-capital ratios measuring operating efficiency
Lululemon Athletica Inc. earns an operating margin of 19.9%, significantly above the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 22.2% to 19.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 34.0% is exceptionally high — well above the sector median of 5.3%. ROIC of 37.4% represents excellent returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.6% | 56.6% | 59.2% | 58.3% | 55.4% | 57.7% | 56.0% | 55.9% | 55.2% | 52.8% | 51.2% |
| Operating Margin | 19.9% | 19.9% | 23.7% | 22.2% | 16.4% | 21.3% | 18.6% | 22.3% | 21.5% | 17.2% | 18.0% |
| Net Profit Margin | 14.2% | 14.2% | 17.1% | 16.1% | 10.5% | 15.6% | 13.4% | 16.2% | 14.7% | 9.8% | 12.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 34.0% | 34.0% | 42.4% | 42.0% | 29.0% | 36.8% | 26.1% | 38.0% | 31.8% | 17.5% | 25.4% |
| ROA | 19.7% | 19.7% | 24.7% | 24.4% | 16.2% | 21.4% | 15.8% | 24.1% | 23.7% | 14.1% | 20.4% |
| ROIC | 37.4% | 37.4% | 51.4% | 49.6% | 36.7% | 43.8% | 32.3% | 61.6% | 89.9% | 55.2% | 54.9% |
| ROCE | 35.8% | 35.8% | 44.6% | 44.5% | 34.7% | 39.0% | 27.5% | 41.9% | 42.9% | 29.2% | 33.6% |
LULU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Lululemon Athletica Inc. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (86% below the sector average of 4.8x). The company holds a net cash position — cash of $1.8B exceeds total debt of $1.8B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.36 | 0.36 | 0.36 | 0.33 | 0.34 | 0.32 | 0.31 | 0.38 | — | 0.00 | — |
| Debt / EBITDA | 0.66 | 0.66 | 0.53 | 0.56 | 0.66 | 0.57 | 0.79 | 0.70 | — | 0.01 | — |
| Net Debt / Equity | — | -0.00 | -0.09 | -0.20 | -0.03 | -0.14 | -0.14 | -0.18 | -0.61 | -0.62 | -0.54 |
| Net Debt / EBITDA | -0.00 | -0.00 | -0.14 | -0.33 | -0.05 | -0.24 | -0.35 | -0.34 | -1.06 | -1.76 | -1.44 |
| Debt / FCF | — | -0.01 | -0.26 | -0.51 | -0.26 | -0.38 | -0.61 | -0.92 | -1.70 | -2.99 | -3.10 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($1.8B) exceeds total debt ($1.8B)
LULU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Lululemon Athletica Inc.'s current ratio of 2.26x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.36x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.49x to 2.26x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.26 | 2.26 | 2.16 | 2.49 | 2.12 | 1.86 | 2.41 | 2.91 | 2.86 | 4.91 | 4.82 |
| Quick Ratio | 1.36 | 1.36 | 1.38 | 1.68 | 1.15 | 1.17 | 1.67 | 2.08 | 2.05 | 3.78 | 3.58 |
| Cash Ratio | 0.96 | 0.96 | 1.08 | 1.38 | 0.77 | 0.90 | 1.30 | 1.76 | 1.76 | 3.39 | 3.04 |
| Asset Turnover | — | 1.31 | 1.39 | 1.36 | 1.45 | 1.27 | 1.05 | 1.21 | 1.58 | 1.33 | 1.41 |
| Inventory Turnover | 2.83 | 2.83 | 2.99 | 3.03 | 2.50 | 2.74 | 2.99 | 3.39 | 3.64 | 3.79 | 3.84 |
| Days Sales Outstanding | — | 6.27 | 10.43 | 11.71 | 14.34 | 11.43 | 6.28 | 11.50 | 9.45 | 9.39 | 14.07 |
LULU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Lululemon Athletica Inc. returns 9.3% to shareholders annually primarily through share buybacks. The earnings yield of 11.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.9% | 7.6% | 3.5% | 2.6% | 2.1% | 2.4% | 1.4% | 2.1% | 2.5% | 2.4% | 3.3% |
| FCF Yield | 7.3% | 4.4% | 3.1% | 2.7% | 0.8% | 2.4% | 1.3% | 1.2% | 2.6% | 3.1% | 2.6% |
| Buyback Yield | 9.3% | 5.7% | 3.2% | 0.9% | 1.1% | 2.0% | 0.1% | 0.6% | 3.1% | 0.9% | 0.3% |
| Total Shareholder Yield | 9.3% | 5.7% | 3.2% | 0.9% | 1.1% | 2.0% | 0.1% | 0.6% | 3.1% | 0.9% | 0.3% |
| Shares Outstanding | — | $119M | $124M | $127M | $128M | $130M | $131M | $131M | $134M | $136M | $137M |
Peer Comparison
Compare LULU with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LULUYou | $13B | 8.4 | 4.7 | 13.8 | 56.6% | 19.9% | 34.0% | 37.4% | 0.7 |
 NKE | $54B | 20.9 | 12.7 | 16.5 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
 UAA | $3B | -5.2 | 56.8 | — | 45.5% | -0.7% | -30.0% | -0.9% | 26.1 |
 CROX | $6B | -83.4 | 8.0 | 9.5 | 57.0% | 22.0% | -5.2% | 21.7% | 1.7 |
 PVH | $4B | 145.4 | 29.1 | 6.6 | 57.5% | 7.3% | 0.5% | 6.1% | 17.5 |
 RL | $25B | 27.3 | 22.2 | 33.8 | 69.9% | 14.5% | 34.7% | 24.7% | 2.5 |
 VFC | $7B | 27.1 | 12.3 | 13.4 | 54.8% | 6.3% | 15.3% | 7.3% | 5.6 |
 HBI | $2B | -7.1 | 16.6 | 10.1 | 38.8% | 5.3% | -141.4% | 4.5% | 9.2 |
 ONON | $13B | 54.1 | 20.8 | 41.3 | 62.8% | 12.5% | 12.9% | 26.9% | 1.2 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 SHOP | $141B | 115.8 | 93.3 | 70.4 | 48.1% | 12.7% | 9.8% | 9.4% | 0.1 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into LULU consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
LULU — Frequently Asked Questions
Quick answers to the most common questions about buying LULU stock.
What is Lululemon Athletica Inc.'s P/E ratio?
Lululemon Athletica Inc.'s current P/E ratio is 8.4x. The historical average is 39.5x.
What is Lululemon Athletica Inc.'s EV/EBITDA?
Lululemon Athletica Inc.'s current EV/EBITDA is 4.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.9x.
What is Lululemon Athletica Inc.'s ROE?
Lululemon Athletica Inc.'s return on equity (ROE) is 34.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 30.7%.
Is LULU stock overvalued?
Based on historical data, Lululemon Athletica Inc. is trading at a P/E of 8.4x. Compare with industry peers and growth rates for a complete picture.
What are Lululemon Athletica Inc.'s profit margins?
Lululemon Athletica Inc. has 56.6% gross margin and 19.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Lululemon Athletica Inc. have?
Lululemon Athletica Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.