How Does Lululemon Athletica Stock Stack Up Against Its Peers?
Lululemon‘s stock has notably underperformed, down 48% over the past year. How does it measure against peers like Nike and Deckers in 2026’s value-driven, AI-integrated athletic apparel market? Strong profitability (22% operating margin) and steady revenue growth (8.7%) support a moderate PE (13.88). However, as consumers prioritize value and versatility, and some peers show higher growth, LULU faces competitive pressures amidst a “spending hangover”.
- LULU’s 22.0% operating margin, high due to premium pricing, lags DECK (23.6%), which is boosted by strong Hoka/UGG demand.
- LULU’s 8.8% revenue growth outpaces NKE’s DTC woes and VFC/PVH’s macro drags, yet lags DECK’s Hoka boom and RL’s luxury pivot.
- LULU’s 48.1% stock drop, underperforming peers, and 13.9 PE (below avg) reflect slowing US growth, tariffs, and investor re-rating.
Here’s how Lululemon Athletica stacks up across size, valuation, and profitability versus key peers.
| LULU | NKE | DECK | VFC | PVH | RL | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 24.2 | 97.5 | 15.5 | 7.8 | 3.1 | 22.6 |
| Revenue ($ Bil) | 11.1 | 46.5 | 5.1 | 9.5 | 8.8 | 7.6 |
| PE Ratio | 13.9 | 38.6 | 15.7 | 85.9 | 9.2 | 26.4 |
| LTM Revenue Growth | 8.8% | -5.0% | 15.5% | -0.1% | 0.5% | 12.3% |
| LTM Operating Margin | 22.0% | 6.5% | 23.6% | 4.9% | 7.4% | 15.2% |
| LTM FCF Margin | 10.2% | 5.3% | 17.2% | 2.5% | 5.0% | 8.8% |
| 12M Market Return | -48.1% | -5.4% | -50.0% | -5.7% | -36.1% | 54.1% |
For more details on Lululemon Athletica, read Buy or Sell LULU Stock. Below we compare LULU’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| LULU | 8.8% | 10.1% | 18.6% | 29.6% |
| NKE | -5.0% | -9.8% | 0.3% | 9.6% |
| DECK | 15.5% | 16.3% | 18.2% | 15.1% |
| VFC | -0.1% | -4.1% | -10.6% | -6.4% |
| PVH | 0.5% | -6.1% | 2.1% | -1.4% |
| RL | 12.3% | 6.7% | 2.9% | 3.6% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| LULU | 22.0% | 23.7% | 22.9% | 21.3% |
| NKE | 6.5% | 8.0% | 12.3% | 11.5% |
| DECK | 23.6% | 23.6% | 21.6% | 18.0% |
| VFC | 4.9% | 4.1% | 3.7% | 9.0% |
| PVH | 7.4% | 8.5% | 8.9% | 8.3% |
| RL | 15.2% | 14.0% | 12.5% | 11.7% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| LULU | 13.9 | 14.2 | 31.3 | 76.4 |
| NKE | 38.6 | 29.4 | 20.1 | 33.2 |
| DECK | 15.7 | 16.3 | 41.5 | 34.3 |
| VFC | 85.9 | -37.1 | -8.6 | 61.5 |
| PVH | 9.2 | 6.3 | 9.7 | 40.0 |
| RL | 26.4 | 29.8 | 23.3 | 18.7 |
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