LULU vs URBN: Lululemon Athletica and Urban Outfitters compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Lululemon Athletica is the larger company, worth $11.1B, about 1.5 times Urban Outfitters.
- Urban Outfitters grew revenue faster over the last year (+10.4% vs -4.3%).
- Lululemon Athletica keeps more of each dollar of revenue as operating profit (17.8% vs 11.3%).
- On earnings, Lululemon Athletica is the cheaper stock (7.0x vs 16.8x).
- Urban Outfitters's price assumes faster free cash flow growth: about 8% a year, against -2% for Lululemon Athletica (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | LULU | URBN |
|---|---|---|
| Market cap | $11.1B | $7.6B |
| Share price | $94.50 | $82.18 |
| Revenue (last fiscal year) | $11.1B | $6.2B |
| Free cash flow (last fiscal year) | $922M | $315M |
| Revenue growth, last year | -4.3% | +10.4% |
| Revenue growth per year, last 5 fiscal years | +15.4% | +7.9% |
| Operating margin | 17.8% | 11.3% |
| Net margin | 12.8% | 8.8% |
| Return on equity | 29.6% | 19.9% |
| P/E (trailing) | 7.01x | 16.8x |
| Price / free cash flow | 12.1x | 17.2x |
| EV / EBITDA | 4.72x | 9.43x |
| FCF growth the price implies | -1.7% | 7.5% |
| Dividend yield | — | — |
| Debt / equity | 0.77x | 0.79x |
| Fundamental grade | C | C |
| Superinvestors holding it | 6 | 1 |
| Insider purchases, last 12 months | 10 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Lululemon Athletica
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $6.3B | $995M | 21.3% |
| 2023 | $8.1B | $328M | 16.4% |
| 2024 | $9.6B | $1.6B | 22.2% |
| 2025 | $10.6B | $1.6B | 23.7% |
| 2026 | $11.1B | $922M | 19.9% |
Urban Outfitters
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $4.5B | $97M | 9.0% |
| 2023 | $4.8B | -$57M | 4.7% |
| 2024 | $5.2B | $310M | 7.2% |
| 2025 | $5.6B | $320M | 8.5% |
| 2026 | $6.2B | $315M | 9.8% |
Where the revenue comes from
Lululemon Athletica · by products, 2026
Women's apparel$7.0B63%
Men's apparel$2.7B24%
Accessories and other categories$1.4B13%
Urban Outfitters · by segments, 2026
Retail Operations$5.3B86%
Subscription Operations$568M9%
Wholesale Operations$314M5%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open LULU in InvestinglyQuestions
Which is bigger, Lululemon Athletica or Urban Outfitters?
Lululemon Athletica (LULU), at $11.1B against $7.6B.
Is LULU or URBN cheaper?
By trailing P/E, Lululemon Athletica (7.01x) is cheaper than Urban Outfitters (16.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, LULU or URBN?
Urban Outfitters: revenue grew +10.4% over the last year, against -4.3%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.