Lululemon Athletica vs Nike
Nike is the larger business, with $46.40bn of revenue in fiscal 2026 against $11.10bn for Lululemon Athletica (4.2 times as much). Lululemon Athletica grew faster (4.9% against 0.2%). Lululemon Athletica kept more of each dollar of sales as profit: a net margin of 14.2% against 6.7%.
| Latest fiscal year | Lululemon AthleticaLULU, 2026 | NikeNKE, 2026 |
|---|---|---|
| Revenue | $11.10bn | $46.40bn |
| Revenue growth | 4.9% | 0.2% |
| Net income | $1.58bn | $3.11bn |
| Operating margin | 19.9% | — |
| Net margin | 14.2% | 6.7% |
| Return on equity | 34.0% | 22.1% |
| Free cash flow | $922m | $2.18bn |
| Cash | $1.81bn | $7.56bn |
| Total debt | — | $7.94bn |
| Debt to equity | — | 53.4% |
| Dividend per share | — | $1.63 |
| Dividend yield | — | 4.2% |
| Share buybacks | $1.18bn | $146m |
| Employees | 39,000 | 73,000 |
| Market value | $11.40bn | $56.76bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 86 (Strong) | 74 (Strong) |
| Insider trades, 12 months | 3 buys, 4 sales | 9 buys, 11 sales |