LULU vs UA
lululemon athletica Inc. and Under Armour, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LULU | UA |
|---|---|---|
| Revenue | $11.1B | $5.0B |
| Net income | $1.6B | $-495.6M |
| Gross margin | 56.6% | 45.5% |
| Net margin | 14.2% | −10.0% |
| Return on equity | 34.0% | −30.0% |
| Diluted EPS | $13.26 | −$1.16 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $921.7M | $-162.2M |
| Equity | $5.0B | $1.4B |
| Net debt / equity | · | 0.62× |
| Current ratio | 2.26× | 1.62× |
| Revenue CAGR 5y | 20.3% | 2.1% |
| Profit CAGR 5y | 21.8% | · |
LULU bills 2.2× the revenue of UA, and UA closed the last reported year at a loss.
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 | LULU | UA |
|---|---|---|
| FY2025 | $11.1B | $5.0B |
| FY2024 | $10.6B | $5.2B |
| FY2023 | $9.6B | $5.7B |
| FY2022 | $8.1B | $5.9B |
| FY2021 | $6.3B | $5.7B |
| FY2020 | $4.4B | $4.5B |
| FY2019 | $4.0B | $5.3B |
| FY2018 | $3.3B | $5.2B |
| FY2017 | $2.6B | $5.0B |
| FY2016 | $2.3B | $4.8B |
Bottom line
| Fiscal year | LULU | UA |
|---|---|---|
| FY2025 | $1.6B | $-495.6M |
| FY2024 | $1.8B | $-201.3M |
| FY2023 | $1.6B | $232.0M |
| FY2022 | $854.8M | $374.5M |
| FY2021 | $975.3M | $351.0M |
| FY2020 | $588.9M | $-549.2M |
| FY2019 | $645.6M | $92.1M |
| FY2018 | $483.8M | $-46.3M |
| FY2017 | $258.7M | $-48.3M |
| FY2016 | $303.4M | $257.0M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$6,136,230,000 | LULU |
| FY2024 | +$5,423,816,000 | LULU |
| FY2023 | +$3,917,399,000 | LULU |
| FY2022 | +$2,207,353,000 | LULU |
| FY2021 | +$574,025,000 | LULU |
| FY2020 | −$72,788,000 | UA |
| FY2019 | −$1,287,836,000 | UA |
| FY2018 | −$1,904,866,000 | UA |
| FY2017 | −$2,340,063,000 | UA |
| FY2016 | −$2,488,946,000 | UA |
| FY2015 | −$1,902,790,000 | UA |
| FY2014 | −$1,287,157,000 | UA |
| FY2013 | −$740,863,000 | UA |
| FY2012 | −$464,563,000 | UA |
| FY2011 | −$471,845,000 | UA |
| FY2010 | −$352,223,000 | UA |
| FY2009 | −$403,513,000 | UA |
| FY2008 | −$371,756,000 | UA |
The higher-revenue side has changed between LULU and UA over this period. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +24.2 pp | LULU |
| FY2024 | +21.0 pp | LULU |
| FY2023 | +12.0 pp | LULU |
| FY2022 | +4.2 pp | LULU |
| FY2021 | +9.4 pp | LULU |
| FY2020 | +25.7 pp | LULU |
| FY2019 | +14.5 pp | LULU |
| FY2018 | +15.6 pp | LULU |
| FY2017 | +10.7 pp | LULU |
| FY2016 | +7.6 pp | LULU |
| FY2015 | +7.0 pp | LULU |
| FY2014 | +6.6 pp | LULU |
| FY2013 | +10.6 pp | LULU |
| FY2012 | +12.7 pp | LULU |
| FY2011 | +12.1 pp | LULU |
| FY2010 | +10.7 pp | LULU |
| FY2009 | +7.4 pp | LULU |
| FY2008 | +5.9 pp | LULU |
LULU has kept the higher net margin in every one of these 18 fiscal years.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UA's net margin has been more volatile than LULU's over the 18 comparable fiscal years — 5.8 percentage points of standard deviation against 2.7.
18 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 18 comparable fiscal years — a structural lead, not a recent swing.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UA's return on equity has been more volatile than LULU's over the 18 comparable fiscal years — 15.0 percentage points of standard deviation against 7.0.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
LULU led in return on equity in every one of the 18 comparable fiscal years — a structural lead, not a recent swing.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.