Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

Analysis of Profitability Ratios

Microsoft Excel

Profitability Ratios (Summary)

lululemon athletica inc., profitability ratios

Microsoft Excel
Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Return on Sales
Gross profit margin 59.22% 58.31% 55.39% 57.68% 55.98% 55.87%
Operating profit margin 23.67% 22.17% 16.38% 21.31% 18.63% 22.34%
Net profit margin 17.14% 16.12% 10.54% 15.59% 13.38% 16.22%
Return on Investment
Return on equity (ROE) 41.97% 36.63% 27.15% 35.60% 23.02% 33.07%
Return on assets (ROA) 23.87% 21.86% 15.25% 19.73% 14.07% 19.67%

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. lululemon athletica inc. gross profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. lululemon athletica inc. operating profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. lululemon athletica inc. net profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. lululemon athletica inc. ROE improved from 2023 to 2024 and from 2024 to 2025.
ROA A profitability ratio calculated as net income divided by total assets. lululemon athletica inc. ROA improved from 2023 to 2024 and from 2024 to 2025.

Gross Profit Margin

lululemon athletica inc., gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Selected Financial Data (US$ in thousands)
Gross profit 6,270,811 5,609,405 4,492,340 3,608,565 2,463,991 2,223,386
Net revenue 10,588,126 9,619,278 8,110,518 6,256,617 4,401,879 3,979,296
Profitability Ratio
Gross profit margin1 59.22% 58.31% 55.39% 57.68% 55.98% 55.87%
Benchmarks
Gross Profit Margin, Competitors2
Nike Inc. 44.56% 43.52% 45.98% 44.82% 43.42%

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

1 2025 Calculation
Gross profit margin = 100 × Gross profit ÷ Net revenue
= 100 × 6,270,811 ÷ 10,588,126 = 59.22%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. lululemon athletica inc. gross profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.

Operating Profit Margin

lululemon athletica inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Selected Financial Data (US$ in thousands)
Income from operations 2,505,697 2,132,676 1,328,408 1,333,355 819,986 889,110
Net revenue 10,588,126 9,619,278 8,110,518 6,256,617 4,401,879 3,979,296
Profitability Ratio
Operating profit margin1 23.67% 22.17% 16.38% 21.31% 18.63% 22.34%
Benchmarks
Operating Profit Margin, Competitors2
Nike Inc. 12.29% 11.55% 14.29% 15.58% 8.33%
Operating Profit Margin, Sector
Consumer Durables & Apparel 13.85% 12.21% 15.12% 15.85% 9.68%
Operating Profit Margin, Industry
Consumer Discretionary 11.04% 9.12% 8.47% 8.79% 6.48%

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

1 2025 Calculation
Operating profit margin = 100 × Income from operations ÷ Net revenue
= 100 × 2,505,697 ÷ 10,588,126 = 23.67%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. lululemon athletica inc. operating profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.

Net Profit Margin

lululemon athletica inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Selected Financial Data (US$ in thousands)
Net income 1,814,616 1,550,190 854,800 975,322 588,913 645,596
Net revenue 10,588,126 9,619,278 8,110,518 6,256,617 4,401,879 3,979,296
Profitability Ratio
Net profit margin1 17.14% 16.12% 10.54% 15.59% 13.38% 16.22%
Benchmarks
Net Profit Margin, Competitors2
Nike Inc. 11.10% 9.90% 12.94% 12.86% 6.79%
Net Profit Margin, Sector
Consumer Durables & Apparel 11.89% 9.99% 13.26% 12.91% 7.70%
Net Profit Margin, Industry
Consumer Discretionary 8.74% 7.92% 5.15% 9.20% 5.24%

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

1 2025 Calculation
Net profit margin = 100 × Net income ÷ Net revenue
= 100 × 1,814,616 ÷ 10,588,126 = 17.14%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. lululemon athletica inc. net profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.

Return on Equity (ROE)

lululemon athletica inc., ROE calculation, comparison to benchmarks

Microsoft Excel
Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Selected Financial Data (US$ in thousands)
Net income 1,814,616 1,550,190 854,800 975,322 588,913 645,596
Stockholders’ equity 4,324,047 4,232,081 3,148,799 2,740,046 2,558,566 1,952,218
Profitability Ratio
ROE1 41.97% 36.63% 27.15% 35.60% 23.02% 33.07%
Benchmarks
ROE, Competitors2
Nike Inc. 39.50% 36.20% 39.57% 44.86% 31.52%
ROE, Sector
Consumer Durables & Apparel 38.85% 34.54% 38.96% 41.21% 31.82%
ROE, Industry
Consumer Discretionary 28.36% 30.61% 21.65% 34.37% 25.29%

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

1 2025 Calculation
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 1,814,616 ÷ 4,324,047 = 41.97%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. lululemon athletica inc. ROE improved from 2023 to 2024 and from 2024 to 2025.

Return on Assets (ROA)

lululemon athletica inc., ROA calculation, comparison to benchmarks

Microsoft Excel
Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Selected Financial Data (US$ in thousands)
Net income 1,814,616 1,550,190 854,800 975,322 588,913 645,596
Total assets 7,603,292 7,091,941 5,607,038 4,942,478 4,185,215 3,281,354
Profitability Ratio
ROA1 23.87% 21.86% 15.25% 19.73% 14.07% 19.67%
Benchmarks
ROA, Competitors2
Nike Inc. 14.96% 13.51% 14.99% 15.17% 8.10%
ROA, Sector
Consumer Durables & Apparel 16.04% 13.73% 15.51% 15.06% 9.20%
ROA, Industry
Consumer Discretionary 8.18% 7.66% 4.94% 8.07% 4.42%

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

1 2025 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 1,814,616 ÷ 7,603,292 = 23.87%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. lululemon athletica inc. ROA improved from 2023 to 2024 and from 2024 to 2025.