CapEx
lululemon athletica CapEx increased by 9.4% to $183.20M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 22.0%, from $234.98M to $183.20M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 14.6% CAGR.
Analysis
How to read this metric
An increase often signals growth initiatives and capacity expansion, while a decrease may suggest cost-cutting or a shift toward asset-light strategies.
Detailed definition
This metric measures the cash outflows used to acquire, upgrade, and maintain physical assets such as property, building...
Peer comparison
Commonly compared as a percentage of revenue; capital-intensive firms like Abbott require consistent investment to remain competitive in medical technology.
capital_expendituresHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $64.23M | $80.27M | $122.50M | $127.51M | $111.35M | $144.72M | $175.61M | $206.98M | $136.94M | $145.51M | $162.90M | $206.51M | $130.68M | $145.09M | $178.48M | $234.98M | $152.26M | $177.90M | $167.44M | $183.20M |
| QoQ Change | — | +25.0% | +52.6% | +4.1% | -12.7% | +30.0% | +21.3% | +17.9% | -33.8% | +6.3% | +12.0% | +26.8% | -36.7% | +11.0% | +23.0% | +31.7% | -35.2% | +16.8% | -5.9% | +9.4% |
| YoY Change | — | — | — | — | +73.4% | +80.3% | +43.4% | +62.3% | +23.0% | +0.5% | -7.2% | -0.2% | -4.6% | -0.3% | +9.6% | +13.8% | +16.5% | +22.6% | -6.2% | -22.0% |
Business Segments
| Segment | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|
| Corporate Owned Stores | $65.67M | $76.74M | $24.95M | $60.91M | $96.51M | $121.34M | $41.71M | $53.47M |
| Direct To Consumer | $19.16M | $19.03M | $20.34M | $21.75M | $15.17M | $14.57M | $26.89M | $27.49M |
| Total | $122.50M | $127.51M | $111.35M | $144.72M | $175.61M | $206.98M | $136.94M | $145.51M |
Corporate Owned Stores, Direct To Consumer were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is lululemon athletica's capex?
- lululemon athletica (LULU) reported capex of $183.20M in Q4 2025.
- How has lululemon athletica's capex changed year-over-year?
- lululemon athletica's capex decreased by 22.0% year-over-year, from $234.98M to $183.20M.
- What is the long-term trend for lululemon athletica's capex?
- Over 4 years (2021 to 2025), lululemon athletica's capex has grown at a 14.6% compound annual growth rate (CAGR), from $394.50M to $680.80M.
- What does capex mean?
- Cash spent on purchasing or maintaining physical assets like machinery and facilities.