AS vs LULU
Amer Sports, Inc. and lululemon athletica Inc., side by side — 5 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AS | LULU |
|---|---|---|
| Revenue | $6.6B | $11.1B |
| Net income | $427.4M | $1.6B |
| Gross margin | 57.6% | 56.6% |
| Net margin | 6.7% | 14.2% |
| Return on equity | 7.9% | 34.0% |
| Diluted EPS | $0.76 | $13.26 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $513.3M | $921.7M |
| Equity | $5.8B | $5.0B |
| Net debt / equity | 0.05× | · |
| Current ratio | 1.50× | 2.26× |
| Revenue CAGR 5y | · | 20.3% |
| Profit CAGR 5y | · | 21.8% |
LULU bills 1.7× the revenue of AS, and keeps more of each dollar of revenue as profit (14.2% against 6.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
5 years side by side
| Fiscal year | AS | LULU |
|---|---|---|
| FY2025 | $6.6B | $11.1B |
| FY2024 | $5.2B | $10.6B |
| FY2023 | $4.4B | $9.6B |
| FY2022 | $3.6B | $8.1B |
| FY2021 | $3.1B | $6.3B |
Bottom line
| Fiscal year | AS | LULU |
|---|---|---|
| FY2025 | $427.4M | $1.6B |
| FY2024 | $72.6M | $1.8B |
| FY2023 | $-208.6M | $1.6B |
| FY2022 | $-252.7M | $854.8M |
| FY2021 | $-126.3M | $975.3M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$4,536,400,000 | LULU |
| FY2024 | −$5,404,826,000 | LULU |
| FY2023 | −$5,218,878,000 | LULU |
| FY2022 | −$4,539,318,000 | LULU |
| FY2021 | −$3,190,117,000 | LULU |
LULU has reported the higher revenue in every one of these 5 fiscal years. The gap has widened since the earliest year compared.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −7.5 pp | LULU |
| FY2024 | −15.6 pp | LULU |
| FY2023 | −20.9 pp | LULU |
| FY2022 | −17.6 pp | LULU |
| FY2021 | −19.7 pp | LULU |
LULU has kept the higher net margin in every one of these 5 fiscal years.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AS's net margin has been more volatile than LULU's over the 5 comparable fiscal years — 5.0 percentage points of standard deviation against 2.3.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
LULU led in net margin in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.