LULU vs VFC
lululemon athletica Inc. and V F Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LULU | VFC |
|---|---|---|
| Revenue | $11.1B | $9.6B |
| Net income | $1.6B | $254.9M |
| Gross margin | 56.6% | 54.8% |
| Net margin | 14.2% | 2.7% |
| Return on equity | 34.0% | 15.3% |
| Diluted EPS | $13.26 | $0.64 |
| Dividend / share | · | $0.36 |
| Payout ratio | · | 55.2% |
| Free cash flow | $921.7M | · |
| Equity | $5.0B | $1.8B |
| Net debt / equity | · | 1.46× |
| Current ratio | 2.26× | 1.84× |
| Revenue CAGR 5y | 20.3% | 0.8% |
| Profit CAGR 5y | 21.8% | −9.0% |
LULU bills 1.2× the revenue of VFC, and keeps more of each dollar of revenue as profit (14.2% against 2.7%).
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.
10 years side by side
| Fiscal year | LULU | VFC |
|---|---|---|
| FY2025 | $11.1B | $9.6B |
| FY2024 | $10.6B | $9.5B |
| FY2023 | $9.6B | $9.9B |
| FY2022 | $8.1B | $11.1B |
| FY2021 | $6.3B | $11.8B |
| FY2020 | $4.4B | $9.2B |
| FY2019 | $4.0B | $10.5B |
| FY2018 | $3.3B | $10.3B |
| FY2017 | $2.6B | $8.4B |
| FY2016 | $2.3B | $11.0B |
Bottom line
| Fiscal year | LULU | VFC |
|---|---|---|
| FY2025 | $1.6B | $254.9M |
| FY2024 | $1.8B | $-189.7M |
| FY2023 | $1.6B | $-968.9M |
| FY2022 | $854.8M | $118.6M |
| FY2021 | $975.3M | $1.4B |
| FY2020 | $588.9M | $407.9M |
| FY2019 | $645.6M | $679.4M |
| FY2018 | $483.8M | $1.3B |
| FY2017 | $258.7M | $614.9M |
| FY2016 | $303.4M | $1.1B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,497,393,000 | LULU |
| FY2024 | +$1,083,435,000 | LULU |
| FY2023 | −$296,400,000 | VFC |
| FY2022 | −$2,978,841,000 | VFC |
| FY2021 | −$5,585,223,000 | VFC |
| FY2020 | −$4,836,951,000 | VFC |
| FY2019 | −$6,509,260,000 | VFC |
| FY2018 | −$6,978,568,000 | VFC |
| FY2017 | −$5,745,503,000 | VFC |
| FY2016 | −$8,681,755,000 | VFC |
| FY2015 | −$8,935,870,000 | VFC |
| FY2014 | −$10,084,517,000 | VFC |
| FY2013 | −$9,828,460,000 | VFC |
| FY2012 | −$9,509,497,000 | VFC |
| FY2011 | −$8,458,393,000 | VFC |
| FY2010 | −$6,990,885,000 | VFC |
| FY2009 | −$6,767,388,000 | VFC |
| FY2008 | −$7,289,112,000 | VFC |
The higher-revenue side has changed between LULU and VFC over this period. The gap has narrowed since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +11.6 pp | LULU |
| FY2024 | +19.1 pp | LULU |
| FY2023 | +25.9 pp | LULU |
| FY2022 | +9.5 pp | LULU |
| FY2021 | +3.9 pp | LULU |
| FY2020 | +9.0 pp | LULU |
| FY2019 | +9.7 pp | LULU |
| FY2018 | +2.4 pp | LULU |
| FY2017 | +2.4 pp | LULU |
| FY2016 | +3.2 pp | LULU |
| FY2015 | +1.7 pp | LULU |
| FY2014 | +4.5 pp | LULU |
| FY2013 | +7.0 pp | LULU |
| FY2012 | +9.8 pp | LULU |
| FY2011 | +9.2 pp | LULU |
| FY2010 | +9.7 pp | LULU |
| FY2009 | +6.5 pp | LULU |
| FY2008 | +3.2 pp | LULU |
LULU has kept the higher net margin in every one of these 18 fiscal years.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VFC's net margin has been more volatile than LULU's over the 18 comparable fiscal years — 5.4 percentage points of standard deviation against 2.7.
18 of 19 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 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VFC's return on equity has been more volatile than LULU's over the 18 comparable fiscal years — 17.3 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
The lead in return on equity changed hands between LULU and VFC over these 18 fiscal years — LULU led in 17 and VFC in 1.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.