Lululemon Athletica vs PVH
Lululemon Athletica is the larger business, with $11.10bn of revenue in fiscal 2026 against $8.95bn for PVH (1.2 times as much). Lululemon Athletica grew faster (4.9% against 3.4%). Lululemon Athletica kept more of each dollar of sales as profit: a net margin of 14.2% against 0.3%.
| Latest fiscal year | Lululemon AthleticaLULU, 2026 | PVHPVH, 2026 |
|---|---|---|
| Revenue | $11.10bn | $8.95bn |
| Revenue growth | 4.9% | 3.4% |
| Net income | $1.58bn | $25.3m |
| Operating margin | 19.9% | 2.6% |
| Net margin | 14.2% | 0.3% |
| Return on equity | 34.0% | 0.5% |
| Free cash flow | $922m | $538m |
| Cash | $1.81bn | $702m |
| Total debt | — | $2.30bn |
| Debt to equity | — | 48.1% |
| Dividend per share | — | $0.15 |
| Dividend yield | — | 0.2% |
| Share buybacks | $1.18bn | $578m |
| Employees | 39,000 | 26,000 |
| Market value | $11.40bn | $4.22bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 86 (Strong) | 52 (Moderate) |
| Insider trades, 12 months | 3 buys, 4 sales | 1 buys, 3 sales |