Lululemon Athletica (LULU) stock
Consumer Discretionary · Apparel, Accessories & Luxury Goods
Lululemon Athletica (LULU) is an Apparel, Accessories & Luxury Goods company in the Consumer Discretionary sector, headquartered in Vancouver, Canada. As of October 23, 2026, LULU closed at $99.01, a market capitalization of $11.47 billion, the 480th largest company in the S&P 500. Over the last twelve months it generated $11.09 billion in revenue (-4% year over year) and $1.35 billion in free cash flow. The stock trades at 8.1x trailing earnings and 11.5x forward earnings.
- 1-year total return: -44.7% (dividends reinvested)
- 5-year return: -25.2% a year
- 52-week range: $90.38 – $225.98
- Gross margin 54.9%, operating margin 13.2%
- FI Handbook report card: B- across 10 metrics
- 41st largest of 47 Consumer Discretionary stocks in the S&P 500
LULU price chart
1Y price change: -44.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| LULU | -3.2% | -52.4% | -44.7% | -37.3% | -25.2% | +5.7% | +10.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2007.
LULU key statistics
- Market cap
- $11.5B
- #480 in S&P 500
- P/E (TTM)
- 8.1x
- Forward P/E
- 11.5x
- EPS (TTM)
- $12.15
- Revenue (TTM)
- $11.1B
- -4%
- Free cash flow
- $1.4B
- Gross margin
- 54.9%
- Operating margin
- 13.2%
- Return on equity
- 30.9%
- Dividend yield
- None
- 52-week range
- $90.38 – $225.98
- Beta
- 0.92
- Price / sales
- 1.0x
- EV / EBITDA
- 4.9x
- Debt / equity
- 0.45x
- Employees
- 39,000
LULU report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-4.3%F
- Gross margin54.9%B
- Operating margin13.2%C
- FCF margin12.2%C
- Return on equity30.9%A
- Net debt / EBITDA0.3xB
- Forward P/E11.5xA
- PEG ratio1.1xB
- Shareholder yield10.3%A
- Share count change / yr-1.9%B
lululemon athletica inc. financials
Revenue went from $2.3B in fiscal 2017 to $11.1B in fiscal 2026, growing 18.9% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B | $2.6B | $3.3B | $4.0B | $4.4B | $6.3B | $8.1B | $9.6B | $10.6B | $11.1B |
| Gross profit | $1.2B | $1.4B | $1.8B | $2.2B | $2.5B | $3.6B | $4.5B | $5.6B | $6.3B | $6.3B |
| Operating income | $421.2M | $456.0M | $705.8M | $889.1M | $820.0M | $1.3B | $1.3B | $2.1B | $2.5B | $2.2B |
| Net income | $303.4M | $258.7M | $483.8M | $645.6M | $588.9M | $975.3M | $854.8M | $1.6B | $1.8B | $1.6B |
| EPS (diluted) | $2.21 | $1.90 | $3.61 | $4.93 | $4.50 | $7.49 | $6.68 | $12.20 | $14.64 | $13.26 |
| Free cash flow | $236.9M | $331.5M | $517.0M | $386.3M | $574.1M | $994.6M | $327.8M | $1.6B | $1.6B | $921.7M |
| Buybacks | $29.3M | $100.3M | $598.3M | $173.4M | $63.7M | $812.6M | $444.0M | $558.7M | $1.6B | $1.2B |
| Diluted shares | 137.3M | 136.2M | 134.0M | 131.0M | 130.9M | 130.3M | 128.0M | 127.1M | 123.9M | 119.1M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into LULU?
A reverse DCF asks what growth the current price requires. With an enterprise value of $12.2B and $1.4B of trailing free cash flow, lululemon athletica inc. needs to grow free cash flow about -8.6% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 9.9% a year over the last five years.
P/E ratio history
Current 7.5x vs. median 42.8x (10th–90th percentile 21.2x–74.3x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
LULU analyst price targets
28 analysts' average 12-month target is $103.66 (+5% vs. $99.01). Targets range from $44.00 to $255.00. 3% rate it a buy.
LULU earnings
Next report: December 10, 2026. lululemon athletica inc. has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $2.4B (-4% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Sep 3, 2026 | $1.79 | $2.92 | +63.3% |
| Jun 4, 2026 | $1.68 | $1.69 | +0.4% |
| Mar 17, 2026 | $4.78 | $5.01 | +4.8% |
| Dec 11, 2025 | $2.21 | $2.59 | +17.1% |
| Sep 4, 2025 | $2.85 | $3.10 | +8.7% |
| Jun 5, 2025 | $2.59 | $2.60 | +0.4% |
| Mar 27, 2025 | $5.87 | $6.14 | +4.6% |
| Dec 5, 2024 | $2.72 | $2.87 | +5.5% |
Stocks like LULU
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|---|---|---|---|---|---|
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LULU news
- Lululemon (LULU) Suffers a Larger Drop Than the General Market: Key Insights · Oct 23, 2026
- Athletic Apparel Stocks Fall as Retail Selling Spreads: Lululemon and Under Armour Drop 4%, Nike Retreats 2% · Oct 23, 2026
- What Changed For Lululemon Stock, And What Did Not? · Oct 23, 2026
- lululemon Announces Appointment of Tara Poseley to Board of Directors · Oct 22, 2026
- Lululemon (LULU) Stock Looks Overvalued Following Its 78% Five Year Slump · Oct 22, 2026
LULU stock FAQ
What is LULU's market cap?
Lululemon Athletica's market capitalization is $11.47 billion as of October 23, 2026, ranking 480th in the S&P 500.
What is LULU's P/E ratio?
LULU trades at a trailing price-to-earnings ratio of 8.1x and a forward P/E of 11.5x. Its median P/E over the period we track is 42.8x.
Does LULU pay a dividend?
No. Lululemon Athletica does not currently pay a regular cash dividend.
How much has LULU stock returned?
Including reinvested dividends, LULU returned -44.7% over one year, -25.2% a year over five years, +5.7% a year over ten years through October 23, 2026.
Is LULU stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Lululemon Athletica must grow free cash flow about -9% a year for the next decade. Its free cash flow grew 10% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the LULU price target?
28 analysts cover LULU with an average 12-month price target of $103.66, +5% from the current price. 3% of them rate it a buy.
When does LULU report earnings?
Lululemon Athletica is expected to report earnings on December 10, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Lululemon Athletica have?
Lululemon Athletica has about 39,000 full-time employees, or $284,460 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology