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lululemon athletica vs Under Armour: LULU and UAA compared
lululemon athletica is the larger company: $2.4B of revenue in its latest quarter (Q2 FY27) against $1.2B for Under Armour (Q2 FY27). lululemon athletica is growing faster (-4% against -7% a year earlier). lululemon athletica is more profitable, with an operating margin of 18.8% against 1.2%.
Where the money goes: LULU and UAA
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.
Under Armour (UAA) · Q2 FY27
Under Armour, Q2 FY27: revenue $1.2B (-7% year over year), operating margin 1.2%, net loss $425K, operating cash flow −$89.1M. The chart follows the revenue to costs, profit and cash.
| lululemon athletica (LULU) | Under Armour (UAA) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 FY27 |
| Revenue | $2.4B | $1.2B |
| Revenue growth, Y/Y | -4% | -7% |
| Gross margin | 60.5% | — |
| Operating margin | 18.8% | 1.2% |
| Net earnings | $329M | −$425K |
| Net margin | 13.6% | 0.0% |
| Operating cash flow | $375M | −$89.1M |
| Free cash flow | $225M | — |
| Market value | $12.5B | $2.3B |
| P/E | 8.8× | — |
| Analysts’ mean target | $103.66 | $6.32 |
Where the revenue comes from
lululemon athletica
- Women's apparel: $1.5B (62%)
- Men's apparel: $621M (26%)
- Accessories and other categories: $306M (13%)
Questions
Which is bigger, lululemon athletica or Under Armour?
lululemon athletica is the larger company: $2.4B of revenue in its latest quarter (Q2 FY27) against $1.2B for Under Armour (Q2 FY27).
Is lululemon athletica or Under Armour growing faster?
lululemon athletica is growing faster (-4% against -7% a year earlier).
Which is more profitable, lululemon athletica or Under Armour?
lululemon athletica is more profitable, with an operating margin of 18.8% against 1.2%.
More: lululemon athletica earnings · how lululemon athletica makes money · Under Armour earnings · how Under Armour makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 3, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.