LEVI vs LULU
Levi Strauss & Co. and lululemon athletica Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LEVI | LULU |
|---|---|---|
| Revenue | $6.3B | $11.1B |
| Net income | $578.1M | $1.6B |
| Gross margin | 61.7% | 56.6% |
| Net margin | 9.2% | 14.2% |
| Return on equity | 27.2% | 34.0% |
| Diluted EPS | $1.45 | $13.26 |
| Dividend / share | $0.54 | · |
| Payout ratio | 36.8% | · |
| Free cash flow | $308.2M | $921.7M |
| Equity | $2.3B | $5.0B |
| Net debt / equity | 0.12× | · |
| Current ratio | 1.55× | 2.26× |
| Revenue CAGR 5y | 7.1% | 20.3% |
| Profit CAGR 5y | · | 21.8% |
LULU bills 1.8× the revenue of LEVI, and keeps more of each dollar of revenue as profit (14.2% against 9.2%).
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.
10 years side by side
| Fiscal year | LEVI | LULU |
|---|---|---|
| FY2025 | $6.3B | $11.1B |
| FY2024 | $6.0B | $10.6B |
| FY2023 | $5.8B | $9.6B |
| FY2022 | $6.2B | $8.1B |
| FY2021 | $5.8B | $6.3B |
| FY2020 | $4.5B | $4.4B |
| FY2019 | $5.8B | $4.0B |
| FY2018 | $5.6B | $3.3B |
| FY2017 | $4.9B | $2.6B |
| FY2016 | $4.6B | $2.3B |
Bottom line
| Fiscal year | LEVI | LULU |
|---|---|---|
| FY2025 | $578.1M | $1.6B |
| FY2024 | $210.6M | $1.8B |
| FY2023 | $249.6M | $1.6B |
| FY2022 | $569.1M | $854.8M |
| FY2021 | $553.5M | $975.3M |
| FY2020 | $-127.1M | $588.9M |
| FY2019 | $394.6M | $645.6M |
| FY2018 | $283.1M | $483.8M |
| FY2017 | $281.4M | $258.7M |
| FY2016 | $291.1M | $303.4M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$4,820,600,000 | LULU |
| FY2024 | −$4,556,126,000 | LULU |
| FY2023 | −$3,777,178,000 | LULU |
| FY2022 | −$1,941,918,000 | LULU |
| FY2021 | −$492,717,000 | LULU |
| FY2020 | +$50,721,000 | LEVI |
| FY2019 | +$1,783,791,000 | LEVI |
| FY2018 | +$2,287,121,000 | LEVI |
| FY2017 | +$2,254,849,000 | LEVI |
| FY2016 | +$2,208,347,000 | LEVI |
| FY2015 | +$2,433,970,000 | LEVI |
| FY2014 | +$2,956,779,000 | LEVI |
| FY2013 | +$3,090,503,000 | LEVI |
| FY2012 | +$3,239,835,000 | LEVI |
| FY2011 | +$3,760,727,000 | LEVI |
| FY2010 | +$3,698,945,000 | LEVI |
| FY2009 | +$3,652,868,000 | LEVI |
The higher-revenue side has changed between LEVI and LULU over this period. The gap has widened since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −5.0 pp | LULU |
| FY2024 | −13.6 pp | LULU |
| FY2023 | −11.8 pp | LULU |
| FY2022 | −1.3 pp | LULU |
| FY2021 | −6.0 pp | LULU |
| FY2020 | −16.2 pp | LULU |
| FY2019 | −9.4 pp | LULU |
| FY2018 | −9.6 pp | LULU |
| FY2017 | −4.0 pp | LULU |
| FY2016 | −6.5 pp | LULU |
| FY2015 | −8.2 pp | LULU |
| FY2014 | −11.1 pp | LULU |
| FY2013 | −12.7 pp | LULU |
| FY2012 | −16.7 pp | LULU |
| FY2011 | −15.8 pp | LULU |
| FY2010 | −13.8 pp | LULU |
| FY2009 | −9.2 pp | LULU |
LULU has kept the higher net margin in every one of these 17 fiscal years.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LEVI's net margin has been more volatile than LULU's over the 17 comparable fiscal years — 2.9 percentage points of standard deviation against 2.7.
17 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 17 comparable fiscal years — a structural lead, not a recent swing.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LEVI's return on equity has been more volatile than LULU's over the 12 comparable fiscal years — 25.7 percentage points of standard deviation against 7.7.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between LEVI and LULU over these 12 fiscal years — LEVI led in 7 and LULU in 5.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.