NASDAQ : LULU
lululemon athletica inc. — Financial statements
Consumer Discretionary · Apparel Retail · Canada
Last price 109.82 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 12.16B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
lululemon athletica inc. (LULU) reported revenue of 11.09B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 11.09B | 11.10B | 10.59B | 9.62B | 8.11B | 6.26B |
| Cost of Revenue | 5.00B | 4.82B | 4.32B | 4.01B | 3.62B | 2.65B |
| Gross Profit | 6.09B | 6.28B | 6.27B | 5.61B | 4.49B | 3.61B |
| Selling, General & Admin | 4.24B | 4.07B | 3.76B | 3.39B | 2.76B | 2.23B |
| Amortization of Goodwill & Intangibles | 7.38M | 6.96M | 2.73M | 5.01M | 8.75M | 8.78M |
| Operating Expenses | 4.25B | 4.07B | 3.77B | 3.40B | 2.77B | 2.23B |
| Operating Income | 1.84B | 2.21B | 2.51B | 2.21B | 1.73B | 1.37B |
| Other Non Operating Income (Expenses) | 25.56M | 28.35M | 70.38M | 43.06M | 4.16M | 514.00K |
| EBT Excluding Unusual Items | 1.87B | 2.24B | 2.58B | 2.25B | 1.73B | 1.38B |
| Merger & Restructuring Charges | -33.81M | -41.39M | ||||
| Impairment of Goodwill | -362.49M | |||||
| Gain (Loss) on Sale of Assets | 10.18M | |||||
| Asset Writedown | -44.19M | -45.42M | ||||
| Other Unusual Items | 134.50M | |||||
| Pretax Income | 2.01B | 2.24B | 2.58B | 2.18B | 1.33B | 1.33B |
| Income Tax Expense | 590.46M | 659.78M | 761.46M | 625.54M | 477.77M | 358.55M |
| Net Income | 1.42B | 1.58B | 1.81B | 1.55B | 854.80M | 975.32M |
| Net Income to Common | 1.42B | 1.58B | 1.81B | 1.55B | 854.80M | 975.32M |
| Shares Outstanding (Basic) | 116.00M | 118.98M | 123.73M | 126.73M | 127.67M | 129.77M |
| Shares Outstanding (Diluted) | 116.04M | 119.07M | 123.94M | 127.06M | 128.02M | 130.29M |
| EPS (Basic) | 12.22 | 13.27 | 14.67 | 12.23 | 6.70 | 7.52 |
| EPS (Diluted) | 12.22 | 13.26 | 14.64 | 12.20 | 6.68 | 7.49 |
| Free Cash Flow | 1.35B | 921.67M | 1.58B | 1.64B | 327.81M | 994.61M |
| Free Cash Flow Per Share | 11.67 | 7.74 | 12.78 | 12.94 | 2.56 | 7.63 |
| Gross Margin | 54.90% | 56.60% | 59.23% | 58.31% | 55.39% | 57.68% |
| Operating Margin | 16.62% | 19.91% | 23.66% | 22.98% | 21.28% | 21.97% |
| Profit Margin | 12.78% | 14.22% | 17.14% | 16.11% | 10.54% | 15.59% |
| Free Cash Flow Margin | 12.21% | 8.30% | 14.95% | 17.09% | 4.04% | 15.90% |
| EBITDA | 2.38B | 2.71B | 2.95B | 2.59B | 2.02B | 1.60B |
| EBITDA Margin | 21.49% | 24.38% | 27.88% | 26.93% | 24.88% | 25.56% |
| D&A For EBITDA | 539.65M | 496.23M | 446.52M | 379.38M | 291.79M | 224.21M |
| EBIT | 1.84B | 2.21B | 2.51B | 2.21B | 1.73B | 1.37B |
| EBIT Margin | 16.62% | 19.91% | 23.66% | 22.98% | 21.28% | 21.97% |
| Effective Tax Rate | 29.40% | 29.47% | 29.56% | 28.75% | 35.85% | 26.88% |
| Advertising Expenses | 617.52M | 541.49M | 429.68M | 328.60M | 297.50M |
Balance sheet
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.39B | 1.81B | 1.98B | 2.24B | 1.15B | 1.26B |
| Cash & Short-Term Investments | 1.39B | 1.81B | 1.98B | 2.24B | 1.15B | 1.26B |
| Receivables | 171.16M | 190.66M | 120.17M | 124.77M | 132.91M | 77.00M |
| Inventory | 1.71B | 1.70B | 1.44B | 1.32B | 1.45B | 1.01B |
| Prepaid Expenses | 164.18M | 144.74M | 147.68M | 137.20M | 142.00M | 98.25M |
| Other Current Assets | 509.06M | 419.35M | 286.03M | 231.03M | 282.31M | 170.56M |
| Total Current Assets | 3.95B | 4.26B | 3.98B | 4.06B | 3.16B | 2.61B |
| Property, Plant & Equipment | 3.99B | 3.66B | 3.20B | 2.81B | 2.24B | 1.73B |
| Goodwill | 185.84M | 184.91M | 159.52M | 24.08M | 24.14M | 386.88M |
| Other Intangible Assets | 2.53M | 6.28M | 11.67M | 21.96M | 71.30M | |
| Long-Term Deferred Tax Assets | 24.54M | 24.04M | 17.09M | 9.18M | 6.40M | 6.09M |
| Long-Term Deferred Charges | 216.62M | 192.03M | 161.76M | 133.60M | 114.70M | 89.33M |
| Other Long-Term Assets | 116.03M | 122.88M | 76.08M | 53.09M | 41.34M | 42.77M |
| Total Assets | 8.48B | 8.46B | 7.60B | 7.09B | 5.61B | 4.94B |
| Accounts Payable | 346.72M | 331.42M | 271.41M | 348.44M | 172.73M | 289.73M |
| Accrued Expenses | 459.82M | 606.03M | 550.13M | 555.99M | 533.09M | 449.11M |
| Current Portion of Leases | 366.65M | 298.72M | 275.15M | 249.27M | 207.97M | 189.00M |
| Current Income Taxes Payable | 67.38M | 43.95M | 183.13M | 12.10M | 174.22M | 133.85M |
| Current Unearned Revenue | 277.32M | 316.63M | 308.35M | 306.48M | 251.48M | 208.19M |
| Other Current Liabilities | 283.77M | 290.79M | 251.46M | 158.98M | 152.71M | 135.45M |
| Total Current Liabilities | 1.80B | 1.89B | 1.84B | 1.63B | 1.49B | 1.41B |
| Long-Term Leases | 1.77B | 1.50B | 1.30B | 1.15B | 862.36M | 692.06M |
| Long-Term Deferred Tax Liabilities | 56.99M | 52.28M | 98.19M | 29.52M | 55.08M | 53.35M |
| Other Long-Term Liabilities | 60.29M | 55.36M | 40.79M | 45.06M | 48.59M | 51.69M |
| Total Liabilities | 3.69B | 3.49B | 3.28B | 2.86B | 2.46B | 2.20B |
| Common Stock | 533.00K | 557.00K | 581.00K | 606.00K | 611.00K | 616.00K |
| Additional Paid-In Capital | 695.05M | 669.39M | 638.19M | 575.37M | 474.64M | 422.51M |
| Retained Earnings | 4.36B | 4.52B | 4.11B | 3.92B | 2.93B | 2.51B |
| Comprehensive Income & Other | -268.43M | -230.69M | -424.44M | -264.26M | -252.58M | -195.92M |
| Shareholders' Equity | 4.79B | 4.96B | 4.32B | 4.23B | 3.15B | 2.74B |
| Total Liabilities & Equity | 8.48B | 8.46B | 7.60B | 7.09B | 5.61B | 4.94B |
| Total Debt | 2.14B | 1.80B | 1.58B | 1.40B | 1.07B | 881.05M |
| Net Cash (Debt) | -751.39M | 8.76M | 408.55M | 840.69M | 84.53M | 378.82M |
| Net Cash Per Share | -6.48 | 0.07 | 3.30 | 6.62 | 0.66 | 2.91 |
| Filing Date Shares Outstanding | 110.71M | 115.60M | 120.64M | 126.01M | 127.16M | 127.91M |
| Total Common Shares Outstanding | 111.68M | 116.50M | 121.28M | 126.22M | 127.32M | 128.50M |
| Working Capital | 2.14B | 2.38B | 2.14B | 2.43B | 1.67B | 1.21B |
| Book Value Per Share | 42.90 | 42.59 | 35.65 | 33.53 | 24.73 | 21.32 |
| Tangible Book Value | 4.60B | 4.77B | 4.15B | 4.21B | 3.10B | 2.28B |
| Tangible Book Value Per Share | 41.21 | 40.95 | 34.24 | 33.34 | 24.37 | 17.76 |
| Land | 77.31M | 79.39M | 74.46M | 79.50M | 80.69M | 74.30M |
| Buildings | 28.29M | 28.82M | 27.66M | 29.03M | 28.85M | 30.88M |
| Machinery | 515.87M | 489.81M | 431.58M | 367.27M | 342.11M | 278.67M |
| Construction In Progress | 170.01M | 378.23M | 206.40M | 247.94M | 244.90M | 163.42M |
| Leasehold Improvements | 1.60B | 1.40B | 1.23B | 1.01B | 818.07M | 676.76M |
Cash flow statement
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.42B | 1.58B | 1.81B | 1.55B | 854.80M | 975.32M |
| Depreciation & Amortization | 539.65M | 496.23M | 446.52M | 379.38M | 291.79M | 224.21M |
| Loss (Gain) From Sale of Assets | -10.18M | |||||
| Asset Writedown & Restructuring Costs | 74.50M | 407.91M | ||||
| Stock-Based Compensation | 91.23M | 62.20M | 90.01M | 93.56M | 78.08M | 69.14M |
| Other Operating Activities | -122.07M | -125.70M | -26.54M | -694.00K | 3.98M | -8.69M |
| Change in Accounts Receivable | -29.46M | -65.75M | 1.63M | 6.58M | -58.99M | |
| Change in Inventory | 34.84M | -188.71M | -156.09M | 66.58M | -573.44M | -323.61M |
| Change in Accounts Payable | -23.58M | 45.86M | -57.04M | 177.37M | -107.28M | 117.66M |
| Change in Unearned Revenue | 63.24M | 41.25M | 42.41M | 84.31M | 68.27M | 71.44M |
| Change in Income Taxes | -123.92M | -320.71M | 155.17M | -171.29M | -30.73M | 140.89M |
| Change in Other Net Operating Assets | 134.12M | 78.63M | -37.98M | 35.66M | 42.25M | 122.76M |
| Operating Cash Flow | 1.98B | 1.60B | 2.27B | 2.30B | 966.46M | 1.39B |
| Capital Expenditures | -627.70M | -680.80M | -689.23M | -651.87M | -638.66M | -394.50M |
| Cash Acquisitions | -154.15M | |||||
| Other Investing Activities | 3.74M | 18.68M | 45.20M | -2.27M | 68.72M | -33.39M |
| Investing Cash Flow | -623.96M | -662.12M | -798.17M | -654.13M | -569.94M | -427.89M |
| Issuance of Common Stock | 2.90M | 8.38M | 19.81M | 42.43M | 11.70M | 18.19M |
| Repurchase of Common Stock | -1.17B | -1.21B | -1.67B | -591.23M | -479.16M | -862.41M |
| Other Financing Activities | -7.95M | -11.31M | -32.00K | -32.00K | -32.00K | -770.00K |
| Financing Cash Flow | -1.18B | -1.21B | -1.65B | -548.83M | -467.49M | -844.99M |
| Foreign Exchange Rate Adjustments | 51.93M | 91.16M | -81.67M | -4.10M | -34.04M | -6.88M |
| Net Cash Flow | 233.94M | -177.13M | -259.63M | 1.09B | -105.00M | 109.35M |
| Free Cash Flow | 1.35B | 921.67M | 1.58B | 1.64B | 327.81M | 994.61M |
| Free Cash Flow Margin | 12.21% | 8.30% | 14.95% | 17.09% | 4.04% | 15.90% |
| Free Cash Flow Per Share | 11.67 | 7.74 | 12.78 | 12.94 | 2.56 | 7.63 |
| Levered Free Cash Flow | 1.15B | 824.08M | 1.42B | 1.49B | 228.33M | 876.19M |
| Unlevered Free Cash Flow | 1.15B | 824.08M | 1.42B | 1.49B | 228.33M | 876.19M |
| Cash Interest Paid | 1.03M | 1.03M | 478.00K | 234.00K | 116.00K | 12.00K |
| Cash Income Tax Paid | 1.02B | 1.02B | 579.18M | 824.21M | 502.14M | 245.21M |
| Change in Working Capital | 55.24M | -409.44M | -51.90M | 199.22M | -659.92M | 129.13M |
Ratios
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.87B | 20.47B | 50.28B | 60.32B | 39.64B | 40.85B |
| Enterprise Value | 12.62B | 21.20B | 50.61B | 60.40B | 40.32B | 40.71B |
| Last Close Price | 107.24 | 174.50 | 414.20 | 478.03 | 310.85 | 315.91 |
| PE Ratio | 8.78 | 12.96 | 27.71 | 38.91 | 46.37 | 41.88 |
| Forward PE | 12.76 | 14.34 | 27.37 | 35.21 | 28.79 | 37.95 |
| PS Ratio | 1.07 | 1.84 | 4.75 | 6.27 | 4.89 | 6.53 |
| PB Ratio | 2.50 | 4.12 | 11.63 | 14.25 | 12.59 | 14.91 |
| P/TBV Ratio | 2.58 | 4.29 | 12.11 | 14.34 | 12.78 | 17.90 |
| P/FCF Ratio | 8.77 | 22.21 | 31.75 | 36.69 | 120.92 | 41.07 |
| P/OCF Ratio | 5.99 | 12.77 | 22.12 | 26.27 | 41.01 | 29.40 |
| PEG Ratio | 2.80 | 2.22 | 2.03 | 1.64 | 1.62 | |
| EV/Sales Ratio | 1.14 | 1.91 | 4.78 | 6.28 | 4.97 | 6.51 |
| EV/EBITDA Ratio | 5.30 | 7.83 | 17.14 | 23.32 | 19.98 | 25.46 |
| EV/EBIT Ratio | 6.84 | 9.59 | 20.20 | 27.32 | 23.36 | 29.61 |
| EV/FCF Ratio | 9.32 | 23.00 | 31.96 | 36.73 | 123.01 | 40.93 |
| Debt / Equity Ratio | 0.45 | 0.36 | 0.36 | 0.33 | 0.34 | 0.32 |
| Debt / EBITDA Ratio | 0.71 | 0.54 | 0.45 | 0.46 | 0.45 | 0.46 |
| Debt / FCF Ratio | 1.58 | 1.95 | 0.99 | 0.85 | 3.27 | 0.89 |
| Net Debt / Equity Ratio | 0.16 | -0.00 | -0.09 | -0.20 | -0.03 | -0.14 |
| Net Debt / EBITDA Ratio | 0.32 | -0.00 | -0.14 | -0.33 | -0.04 | -0.24 |
| Net Debt / FCF Ratio | 0.56 | -0.01 | -0.26 | -0.51 | -0.26 | -0.38 |
| Asset Turnover | 1.39 | 1.38 | 1.44 | 1.51 | 1.54 | 1.37 |
| Inventory Turnover | 2.91 | 3.07 | 3.12 | 2.89 | 2.95 | 3.20 |
| Quick Ratio | 0.87 | 1.06 | 1.14 | 1.45 | 0.86 | 0.95 |
| Current Ratio | 2.19 | 2.26 | 2.16 | 2.49 | 2.12 | 1.86 |
| Return on Equity (ROE) | 30.90% | 34.01% | 42.42% | 42.00% | 29.03% | 36.81% |
| Return on Assets (ROA) | 14.40% | 17.21% | 21.31% | 21.76% | 20.45% | 18.83% |
| Return on Invested Capital (ROIC) | 23.70% | 35.16% | 48.31% | 48.80% | 40.82% | 44.01% |
| Return on Capital Employed (ROCE) | 27.60% | 33.70% | 43.50% | 40.50% | 41.90% | 38.90% |
| Earnings Yield | 11.39% | 7.71% | 3.61% | 2.57% | 2.16% | 2.39% |
| FCF Yield | 11.41% | 4.50% | 3.15% | 2.73% | 0.83% | 2.44% |
| Buyback Yield / Dilution | 4.31% | 3.93% | 2.46% | 0.75% | 1.75% | 0.44% |