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lululemon athletica vs Levi Strauss: LULU and LEVI compared
lululemon athletica is the larger company: $2.4B of revenue in its latest quarter (Q2 FY27) against $1.6B for Levi Strauss (Q3 FY26). Levi Strauss is growing faster (+4% against -4% a year earlier). lululemon athletica is more profitable, with an operating margin of 18.8% against 13.8%.
Where the money goes: LULU and LEVI
lululemon athletica (LULU) · Q2 FY27
lululemon athletica, Q2 FY27: revenue $2.4B (-4% year over year), operating margin 18.8%, net earnings $329M, operating cash flow $375M. The chart follows the revenue to costs, profit and cash.
Levi Strauss (LEVI) · Q3 FY26
Levi Strauss, Q3 FY26: revenue $1.6B (+4% year over year), operating margin 13.8%, net earnings $169M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
| lululemon athletica (LULU) | Levi Strauss (LEVI) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 FY26 |
| Revenue | $2.4B | $1.6B |
| Revenue growth, Y/Y | -4% | +4% |
| Gross margin | 60.5% | 66.2% |
| Operating margin | 18.8% | 13.8% |
| Net earnings | $329M | $169M |
| Net margin | 13.6% | 10.5% |
| Operating cash flow | $375M | $103M |
| Free cash flow | $225M | $44.3M |
| Market value | $12.5B | $8.9B |
| P/E | 8.8× | 15.3× |
| Analysts’ mean target | $103.66 | $26.79 |
Where the revenue comes from
lululemon athletica
- Women's apparel: $1.5B (62%)
- Men's apparel: $621M (26%)
- Accessories and other categories: $306M (13%)
Levi Strauss
- Americas: $839M (52%)
- Europe: $442M (27%)
- Asia: $293M (18%)
- Beyond Yoga®: $36.0M (2%)
Questions
Which is bigger, lululemon athletica or Levi Strauss?
lululemon athletica is the larger company: $2.4B of revenue in its latest quarter (Q2 FY27) against $1.6B for Levi Strauss (Q3 FY26).
Is lululemon athletica or Levi Strauss growing faster?
Levi Strauss is growing faster (+4% against -4% a year earlier).
Which is more profitable, lululemon athletica or Levi Strauss?
lululemon athletica is more profitable, with an operating margin of 18.8% against 13.8%.
More: lululemon athletica earnings · how lululemon athletica makes money · Levi Strauss earnings · how Levi Strauss makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 3, 2026; 10-Q filed Oct 7, 2026). Fiscal quarters can end on different dates. Not investment advice.