Lululemon Athletica vs Ralph Lauren
Lululemon Athletica reported revenue of $11.1 billion in fiscal 2025, 1.4 times Ralph Lauren's $8.1 billion in fiscal 2026. Lululemon Athletica's revenue grew 4.9% in its latest year, and Ralph Lauren's grew 14.6%. Lululemon Athletica had an operating margin of 19.9%, against 14.5% at Ralph Lauren. Free cash flow was $922 million at Lululemon Athletica and $746 million at Ralph Lauren. Their fiscal years end in different months (February 1 and March 28), so the periods don't line up exactly.
Side by side
| Lululemon Athletica | Ralph Lauren | |
|---|---|---|
| Latest fiscal year | FY2025, Feb 1, 2026 | FY2026, Mar 28, 2026 |
| Revenue | $11.1B | $8.1B |
| Revenue growth | 4.9% | 14.6% |
| Revenue growth a year, last 5 years | 20.3% | 13.0% |
| Gross margin | 56.6% | 69.9% |
| Operating margin | 19.9% | 14.5% |
| Net margin | 14.2% | 11.6% |
| Free cash flow | $922M | $746M |
| Free cash flow margin | 8.3% | 9.2% |
| Return on capital | 56.8% | 45.4% |
| Net debt to EBITDA | −0.7x | −0.4x |
| Dividends and buybacks | $1.2B | $840M |
| Change in diluted share count | −3.9% | −2.7% |
| Last close | $102.91 | $386.95 |
| P/E at the last close | 8.5× | 24.4× |
| Insider trades, last 12 months | bought $2.0 million, sold $3.4 million | sold $123.5 million |
| Piotroski F-score | 5 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Lululemon AthleticaRalph Lauren
Operating margin
Percent of revenue
Lululemon AthleticaRalph Lauren
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Lululemon AthleticaRalph Lauren
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Lululemon Athletica and Ralph Lauren pages.