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lululemon athletica LULU Return on invested capital

Return on invested capital at other companies

Nike logo
NikeNKE
11.6%-15.2pp
Ralph Lauren logo
Ralph LaurenRL
24.8%+4.5pp
Best Buy logo
Best BuyBBY
21.2%+5.4pp

Other financials

Income statement

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Revenue$2.5B+4.3%
Gross profit$1.3B-3.2%
Operating income$276.9M-36.9%
Net income$195.0M-38.0%
EPS (diluted)$1.69-35.0%

Balance sheet

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Cash & equivalents$1.5B+14.3%
Total debt$2.1B+25.2%
Total equity$4.8B+12.5%
Total assets$8.5B+14.8%

Cash flow

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Operating cash flow$214.4M+280%
CapEx$127.4M-16.3%
Free cash flow$87.1M+132%

Valuation

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Market cap$12.69B-61.0%
Enterprise value$13.31B-59.9%
P/E8.7×-9.3×
P/S1.1×-1.9×

Profitability

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Gross margin55.7%-3.6pp
Operating margin18.3%-5.1pp
Net margin13%-3.8pp

Returns & leverage

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Return on equity32%-10.5pp
Debt / equity0.4×0.0×
Current ratio2.2×-0.1×

Where this comes from

Calculated from lululemon athletica’s reported figures.

Based on trailing twelve months.

The official record: lululemon athletica’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is lululemon athletica's return on invested capital?
lululemon athletica (LULU) reported return on invested capital of 28.5% in Q1 2026.
How has lululemon athletica's return on invested capital changed year-over-year?
lululemon athletica's return on invested capital decreased by 32.3% year-over-year, from 42.1% to 28.5%.
What is the long-term trend for lululemon athletica's return on invested capital?
Over 4 years (2021 to 2025), lululemon athletica's return on invested capital has grown at a 0.6% compound annual growth rate (CAGR), from 149% to 152.6%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.