Lululemon Athletica vs VF
Lululemon Athletica is the larger business, with $11.10bn of revenue in fiscal 2026 against $9.61bn for VF (1.2 times as much). Lululemon Athletica grew faster (4.9% against 1.1%). Lululemon Athletica kept more of each dollar of sales as profit: a net margin of 14.2% against 2.7%.
| Latest fiscal year | Lululemon AthleticaLULU, 2026 | VFVFC, 2026 |
|---|---|---|
| Revenue | $11.10bn | $9.61bn |
| Revenue growth | 4.9% | 1.1% |
| Net income | $1.58bn | $255m |
| Operating margin | 19.9% | — |
| Net margin | 14.2% | 2.7% |
| Return on equity | 34.0% | 15.3% |
| Free cash flow | $922m | $557m |
| Cash | $1.81bn | $824m |
| Total debt | — | $3.53bn |
| Debt to equity | — | — |
| Dividend per share | — | $0.36 |
| Dividend yield | — | 1.9% |
| Share buybacks | $1.18bn | — |
| Employees | 39,000 | 27,000 |
| Market value | $11.40bn | $7.86bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 86 (Strong) | 51 (Moderate) |
| Insider trades, 12 months | 3 buys, 4 sales | 3 buys, 1 sales |