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lululemon athletica inc. (LULU) Stock Fundamental Analysis & AI Rating 2026

LULU Nasdaq Apparel & Other Finishd Prods of Fabrics & Similar Matl DE CIK: 0001397187
Updated This Month • Analysis: Apr 1, 2026 • SEC Data: 2026-02-01
Combined AI Rating
HOLD
76% Confidence
STRONG AGREEMENT
HOLD
72% Conf
HOLD
80% Conf

📊 LULU Key Takeaways

Revenue: $11.1B
Net Margin: 14.2%
Free Cash Flow: $921.7M
Current Ratio: 2.26x
Debt/Equity: 0.00x
EPS: $13.26
AI Rating: HOLD with 72% confidence
lululemon athletica inc. (LULU) receives a HOLD rating with 76% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $11.1B, net profit margin of 14.2%, and return on equity (ROE) of 31.8%, lululemon athletica inc. demonstrates mixed fundamentals in the Consumer sector. Below is our complete LULU stock analysis for 2026.

Is lululemon athletica inc. (LULU) a Good Investment?

Claude

Lululemon maintains exceptional profitability with 56.6% gross margins and 31.8% ROE, demonstrating pricing power and operational excellence. However, net income declined 13% YoY despite 4.9% revenue growth, indicating margin compression and earnings deterioration that warrant caution despite strong balance sheet fundamentals.

ChatGPT

lululemon remains a fundamentally strong business with premium profitability, high returns on capital, and an exceptionally clean balance sheet with no long-term debt. However, the latest period shows a weaker growth profile, with revenue up only modestly while net income and EPS declined, suggesting some pressure on operating leverage and earnings quality. The company still has strong financial resilience, but fundamentals currently support a balanced rather than aggressive stance.

Why Buy lululemon athletica inc. Stock? LULU Key Strengths

Claude
  • + Exceptional profitability with 56.6% gross margin and 19.9% operating margin in competitive apparel sector
  • + Outstanding return metrics (31.8% ROE, 18.7% ROA) showing efficient capital deployment
  • + Strong balance sheet with zero debt, 2.26x current ratio, and $1.8B cash providing financial flexibility
  • + Solid free cash flow generation of $921.7M with 8.3% FCF margin supporting sustainability
  • + Healthy liquidity position with quick ratio of 1.36x demonstrates ability to meet short-term obligations
ChatGPT
  • + High gross, operating, and net margins indicate a strong brand and pricing power
  • + Debt-free balance sheet, strong liquidity, and $1.81B in cash provide substantial financial flexibility
  • + ROE of 31.8% and ROA of 18.7% reflect efficient capital allocation and strong underlying business economics

LULU Stock Risks: lululemon athletica inc. Investment Risks

Claude
  • ! Net income declining 13% YoY while revenue grows only 4.9% signals deteriorating profitability and margin compression
  • ! EPS down 9.4% YoY despite positive revenue growth indicates earnings quality concerns and operational headwinds
  • ! High insider trading activity (16 Form 4 filings in 90 days) warrants monitoring for potential confidence issues or strategic shifts
  • ! Modest revenue growth of 4.9% suggests slowing demand or market saturation in core business segments
ChatGPT
  • ! Earnings are declining despite positive revenue growth, which may indicate margin pressure or rising operating costs
  • ! Revenue growth of 4.9% is relatively modest for a premium apparel company and may signal maturing demand
  • ! Free cash flow margin of 8.3% is healthy but notably below accounting profitability, implying heavier reinvestment needs or weaker cash conversion

Key Metrics to Watch

Claude
  • * Gross margin trend - critical indicator of pricing power and cost management amid net income decline
  • * Operating margin sustainability - monitor for further compression as revenue growth moderates
  • * Free cash flow conversion - ensure FCF generation continues to fund growth and returns despite earnings pressure
  • * Revenue growth acceleration - need evidence of demand recovery to validate long-term thesis
ChatGPT
  • * Operating margin trend
  • * Free cash flow conversion relative to net income

lululemon athletica inc. (LULU) Financial Metrics & Key Ratios

Revenue
$11.1B
Net Income
$1.6B
EPS (Diluted)
$13.26
Free Cash Flow
$921.7M
Total Assets
$8.5B
Cash Position
$1.8B

💡 AI Analyst Insight

Strong liquidity with a 2.26x current ratio provides a solid financial cushion.

LULU Profit Margin, ROE & Profitability Analysis

Gross Margin 56.6%
Operating Margin 19.9%
Net Margin 14.2%
ROE 31.8%
ROA 18.7%
FCF Margin 8.3%

LULU vs Consumer Sector: How lululemon athletica inc. Compares

How lululemon athletica inc. compares to Consumer sector averages

Net Margin
LULU 14.2%
vs
Sector Avg 8.0%
LULU Sector
ROE
LULU 31.8%
vs
Sector Avg 18.0%
LULU Sector
Current Ratio
LULU 2.3x
vs
Sector Avg 1.5x
LULU Sector
Debt/Equity
LULU 0.0x
vs
Sector Avg 0.8x
LULU Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is lululemon athletica inc. Stock Overvalued? LULU Valuation Analysis 2026

Based on fundamental analysis, lululemon athletica inc. appears fundamentally strong relative to the Consumer sector in 2026.

Return on Equity
31.8%
Sector avg: 18%
Net Profit Margin
14.2%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

lululemon athletica inc. Balance Sheet: LULU Debt, Cash & Liquidity

Current Ratio
2.26x
Quick Ratio
1.36x
Debt/Equity
0.00x
Debt/Assets
41.3%
Interest Coverage
N/A
Long-term Debt
N/A

LULU Revenue & Earnings Growth: 5-Year Financial Trend

LULU 5-year financial data: Year 2021: Revenue $6.3B, Net Income $645.6M, EPS $4.93. Year 2022: Revenue $8.1B, Net Income $588.9M, EPS $4.50. Year 2023: Revenue $9.6B, Net Income $975.3M, EPS $7.49. Year 2024: Revenue $10.6B, Net Income $854.8M, EPS $6.68. Year 2025: Revenue $11.1B, Net Income $1.6B, EPS $12.20.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: lululemon athletica inc.'s revenue has grown significantly by 77% over the 5-year period, indicating strong business expansion. The most recent EPS of $12.20 reflects profitable operations.

LULU Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
8.3%
Free cash flow / Revenue

LULU Quarterly Earnings & Performance

Quarterly financial performance data for lululemon athletica inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $2.4B $306.8M $2.59
Q2 2025 $2.4B $370.9M $3.10
Q1 2025 $2.2B $314.6M $2.54
Q3 2024 $2.2B $248.7M $1.96
Q2 2024 $2.2B $341.6M $2.68
Q1 2024 $2.0B $290.4M $2.28
Q3 2023 $1.9B $248.7M $1.96
Q2 2023 $1.9B $289.5M $2.26

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

lululemon athletica inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$1.6B
Cash generated from operations
Stock Buybacks
$1.2B
Shares repurchased (TTM)
Capital Expenditures
$680.8M
Investment in assets
Dividends
None
No dividend program

LULU SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for lululemon athletica inc. (CIK: 0001397187)

📋 Recent SEC Filings

Date Form Document Action
Apr 9, 2026 4 xslF345X06/form4.xml View →
Apr 3, 2026 4 xslF345X06/form4.xml View →
Apr 2, 2026 4 xslF345X06/form4.xml View →
Apr 2, 2026 4 xslF345X06/form4.xml View →
Apr 2, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about LULU

What is the AI rating for LULU?

lululemon athletica inc. (LULU) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are LULU's key strengths?

Claude: Exceptional profitability with 56.6% gross margin and 19.9% operating margin in competitive apparel sector. Outstanding return metrics (31.8% ROE, 18.7% ROA) showing efficient capital deployment. ChatGPT: High gross, operating, and net margins indicate a strong brand and pricing power. Debt-free balance sheet, strong liquidity, and $1.81B in cash provide substantial financial flexibility.

What are the risks of investing in LULU?

Claude: Net income declining 13% YoY while revenue grows only 4.9% signals deteriorating profitability and margin compression. EPS down 9.4% YoY despite positive revenue growth indicates earnings quality concerns and operational headwinds. ChatGPT: Earnings are declining despite positive revenue growth, which may indicate margin pressure or rising operating costs. Revenue growth of 4.9% is relatively modest for a premium apparel company and may signal maturing demand.

What is LULU's revenue and growth?

lululemon athletica inc. reported revenue of $11.1B.

Does LULU pay dividends?

lululemon athletica inc. does not currently pay dividends.

Where can I find LULU SEC filings?

Official SEC filings for lululemon athletica inc. (CIK: 0001397187) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is LULU's EPS?

lululemon athletica inc. has a diluted EPS of $13.26.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is LULU a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, lululemon athletica inc. has a HOLD rating with 76% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is LULU stock overvalued or undervalued?

Valuation metrics for LULU: ROE of 31.8% (sector avg: 18%), net margin of 14.2% (sector avg: 8%). Higher ROE suggests strong returns relative to peers.

Should I buy LULU stock in 2026?

Our dual AI analysis gives lululemon athletica inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is LULU's free cash flow?

lululemon athletica inc.'s operating cash flow is $1.6B, with capital expenditures of $680.8M. FCF margin is 8.3%.

How does LULU compare to other Consumer stocks?

Vs Consumer sector averages: Net margin 14.2% (avg: 8%), ROE 31.8% (avg: 18%), current ratio 2.26 (avg: 1.5).

Why is LULU's return on equity (ROE) so high?

lululemon athletica inc. has a return on equity of 31.8%, significantly above the Consumer sector average of 18%. A high ROE indicates the company is efficient at generating profits from shareholder equity. This is supported by a 14.2% net margin.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 1, 2026 | Data as of: 2026-02-01 | Powered by Claude AI