Lululemon Athletica Inc.

LULUNASDAQConsumer Cyclical● Active

$114.23

$-10.69(-8.56%)

Market Cap$13.0B

P/E Ratio—

52W High$338.49

52W Low$109.36

Avg Volume3.1M

Open$110.62

Beta0.86

Overview

Lululemon Athletica Inc. (LULU) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LULU · free cash flow · updated Jun 8, 2026

Core FCF metrics

LULU · FCF · TTM · margin & CAGR

Free cash flow was $921.7M for FY2026 (fiscal year ending 2026-02-01), down 41.8% year-over-year The FCF margin was 8.3%. Five-year CAGR stands at +9.9%.

FY2026 Free Cash Flow$921.7M▼ -41.8% YoY

Trailing 12M (TTM)$1.28Btrailing 4 quarters sum

FCF Margin8.3%$921.7M ÷ revenue

3-Year CAGR+41.1%FY2023 → FY2026

5-Year CAGR+9.9%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LULU · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$1.60B(681M)$921.7M▼ 41.8%8.3%

FY2025$2.27B(689M)$1.58B▼ 3.7%15.0%

FY2024$2.30B(652M)$1.64B▲ +401.6%17.1%

FY2023$966.5M(639M)$327.8M▼ 67.0%4.0%

FY2022$1.39B(395M)$994.6M▲ +73.2%15.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LULU · P/FCF · FCF yield · FCF per share

Lululemon Athletica Inc. (LULU) trades at a FCF yield of 9.87% and a price-to-free-cash-flow ratio of 10.6x. FCF per share stands at $10.76, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

9.87%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$10.76

TTM FCF ÷ Shares Outstanding

Price / FCF

x10.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-02-01

Cash flow statement summary

LULU · cash flow statement · operating / investing / financing

For FY2026, Lululemon Athletica Inc. generated $1.60B in operating cash flow and spent 681M in capital expenditures, yielding $921.7M in free cash flow.

Operating Activities

+$1.60B

Cash from core business operations

2026-02-01

Investing Activities

−$662.1M

CapEx, acquisitions & investments

2026-02-01

Financing Activities

−$1.21B

Buybacks, dividends & debt

2026-02-01

FCF FormulaOperating CF ($1.60B) − |CapEx| (681M) = FCF ($921.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

LULU vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Lululemon Athletica Inc.YOU

LULU

$921.7M-41.8%8.3%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Lululemon Athletica Inc. (LULU) reported free cash flow of $921.7M for FY2026 (fiscal year ending 2026-02-01), down 41.8% year-over-year. The FCF margin was 8.3%.

Based on available data, Lululemon Athletica Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.64B in FY2024. The 5-year CAGR stands at +9.9%.

Lululemon Athletica Inc.'s FCF yield is 9.87% and price-to-FCF ratio is 10.6x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LULU free cash flow · 8 questions

Lululemon Athletica Inc. free cash flow was $921.7M for FY2026, down 41.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.28B.

LULU free cash flowLULU FCFLULU FCF 2026LULU free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Lululemon Athletica Inc. · Lululemon Athletica Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026