Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
lululemon athletica inc., profitability ratios
Based on: 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), 10-K (reporting date: 2019-02-03).
| 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 deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | lululemon athletica inc. operating profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | lululemon athletica inc. net profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | lululemon athletica inc. ROE deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| ROA | A profitability ratio calculated as net income divided by total assets. | lululemon athletica inc. ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Gross Profit Margin
lululemon athletica inc., gross profit margin calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Gross profit | 5,609,405) | 4,492,340) | 3,608,565) | 2,463,991) | 2,223,386) | 1,816,287) | |
| Net revenue | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | 3,288,319) | |
| Profitability Ratio | |||||||
| Gross profit margin1 | 58.31% | 55.39% | 57.68% | 55.98% | 55.87% | 55.23% | |
| Benchmarks | |||||||
| Gross Profit Margin, Competitors2 | |||||||
| Nike Inc. | 44.56% | 43.52% | 45.98% | 44.82% | 43.42% | 44.67% | |
Based on: 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), 10-K (reporting date: 2019-02-03).
1 2024 Calculation
Gross profit margin = 100 × Gross profit ÷ Net revenue
= 100 × 5,609,405 ÷ 9,619,278 = 58.31%
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 deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Operating Profit Margin
lululemon athletica inc., operating profit margin calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Income from operations | 2,132,676) | 1,328,408) | 1,333,355) | 819,986) | 889,110) | 705,836) | |
| Net revenue | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | 3,288,319) | |
| Profitability Ratio | |||||||
| Operating profit margin1 | 22.17% | 16.38% | 21.31% | 18.63% | 22.34% | 21.46% | |
| Benchmarks | |||||||
| Operating Profit Margin, Competitors2 | |||||||
| Nike Inc. | 12.29% | 11.55% | 14.29% | 15.58% | 8.33% | 12.20% | |
| Operating Profit Margin, Sector | |||||||
| Consumer Durables & Apparel | — | 12.21% | 15.12% | 15.85% | 9.68% | — | |
| Operating Profit Margin, Industry | |||||||
| Consumer Discretionary | — | 9.12% | 8.47% | 8.79% | 6.48% | — | |
Based on: 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), 10-K (reporting date: 2019-02-03).
1 2024 Calculation
Operating profit margin = 100 × Income from operations ÷ Net revenue
= 100 × 2,132,676 ÷ 9,619,278 = 22.17%
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 deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Net Profit Margin
lululemon athletica inc., net profit margin calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 1,550,190) | 854,800) | 975,322) | 588,913) | 645,596) | 483,801) | |
| Net revenue | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | 3,288,319) | |
| Profitability Ratio | |||||||
| Net profit margin1 | 16.12% | 10.54% | 15.59% | 13.38% | 16.22% | 14.71% | |
| Benchmarks | |||||||
| Net Profit Margin, Competitors2 | |||||||
| Nike Inc. | 11.10% | 9.90% | 12.94% | 12.86% | 6.79% | 10.30% | |
| Net Profit Margin, Sector | |||||||
| Consumer Durables & Apparel | — | 9.99% | 13.26% | 12.91% | 7.70% | — | |
| Net Profit Margin, Industry | |||||||
| Consumer Discretionary | — | 7.92% | 5.15% | 9.20% | 5.24% | — | |
Based on: 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), 10-K (reporting date: 2019-02-03).
1 2024 Calculation
Net profit margin = 100 × Net income ÷ Net revenue
= 100 × 1,550,190 ÷ 9,619,278 = 16.12%
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 deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Return on Equity (ROE)
lululemon athletica inc., ROE calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 1,550,190) | 854,800) | 975,322) | 588,913) | 645,596) | 483,801) | |
| Stockholders’ equity | 4,232,081) | 3,148,799) | 2,740,046) | 2,558,566) | 1,952,218) | 1,445,975) | |
| Profitability Ratio | |||||||
| ROE1 | 36.63% | 27.15% | 35.60% | 23.02% | 33.07% | 33.46% | |
| Benchmarks | |||||||
| ROE, Competitors2 | |||||||
| Nike Inc. | 39.50% | 36.20% | 39.57% | 44.86% | 31.52% | 44.57% | |
| ROE, Sector | |||||||
| Consumer Durables & Apparel | — | 34.54% | 38.96% | 41.21% | 31.82% | — | |
| ROE, Industry | |||||||
| Consumer Discretionary | — | 30.61% | 21.65% | 34.37% | 25.29% | — | |
Based on: 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), 10-K (reporting date: 2019-02-03).
1 2024 Calculation
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 1,550,190 ÷ 4,232,081 = 36.63%
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 deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Return on Assets (ROA)
lululemon athletica inc., ROA calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 1,550,190) | 854,800) | 975,322) | 588,913) | 645,596) | 483,801) | |
| Total assets | 7,091,941) | 5,607,038) | 4,942,478) | 4,185,215) | 3,281,354) | 2,084,711) | |
| Profitability Ratio | |||||||
| ROA1 | 21.86% | 15.25% | 19.73% | 14.07% | 19.67% | 23.21% | |
| Benchmarks | |||||||
| ROA, Competitors2 | |||||||
| Nike Inc. | 14.96% | 13.51% | 14.99% | 15.17% | 8.10% | 16.99% | |
| ROA, Sector | |||||||
| Consumer Durables & Apparel | — | 13.73% | 15.51% | 15.06% | 9.20% | — | |
| ROA, Industry | |||||||
| Consumer Discretionary | — | 7.66% | 4.94% | 8.07% | 4.42% | — | |
Based on: 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), 10-K (reporting date: 2019-02-03).
1 2024 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 1,550,190 ÷ 7,091,941 = 21.86%
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 deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |