Head-to-head · free
Lululemon vs NKE
LULU vs NKE — return on capital, cash generation, margins and balance sheet side by side.
LULU
7 / 10
measures where LULU leads
NKE
3 / 10
measures where NKE leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | LULU · FY2025 | NKE · FY2026 |
|---|---|---|
| Revenue | $10.6B | $46.4B |
| Net income | $1.8B | $3.1B |
| Revenue growth (yearly, multi-year) | 24.5% | -0.2% |
| Free cash flow | $1.6B | $2.2B |
| Free cash flow margin | 15.0% | 4.7% |
| Net cash / (debt) | — | (3.5B) |
| ROIC | 24.1% | 11.8% |
| Return on equity | 34.0% | 22.1% |
| Gross margin | 56.6% | 42.9% |
| Operating margin | 19.9% | 8.2% |
| Net debt / EBITDA | -0.67x | 0.08x |
Figures are as reported by each company; latest fiscal year shown.
Where Lululemon's cash went (FY2025)
- Capital spending
- $689.2M
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Where NKE's cash went (FY2026)
- Capital spending
- $684.0M
- Buybacks
- $146.0M
- Dividends
- $2.4B
- Acquisitions
- $0
- Net debt issued / (repaid)
- $0
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
Compare them free