Amer Sports, Inc. vs lululemon athletica inc., two Apparel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Lululemon is the odd case here, a premium athletic name trading at just 9.51 times earnings after the market soured on its growth. Amer Sports, another premium sports story built on Arc'teryx and Salomon, sits at 44.36 times, nearly five times richer. The profitability gap runs the other way. Lululemon earns 30.25% on equity and a 13.03% net margin against Amer's 7.57% and 6.71%, and yields 9.43% in free cash flow to Amer's 2.7%. Both hold no debt. One business proves its economics and gets a cheap price; the other promises them and gets an expensive one.
Comparison updated 2026-07-11.
| Metric | AS | LULU |
|---|---|---|
| Price | $34.84 | $119.23 |
| Market cap | $19.4B | $13.8B |
| Sector | Apparel | Apparel |
| Stage | Growth | Mature |
| P/E | 45.3 | 9.7 |
| P/B | 3.33 | 2.85 |
| P/S | 2.95 | 1.23 |
| EV/EBITDA | 26.7 | 5.4 |
| Revenue growth | +26.3% | +4.7% |
| Gross margin | 57.7% | 54.2% |
| Operating margin | 10.8% | 11.2% |
| Net margin | 6.7% | 13.0% |
| Return on equity | 7.6% | 30.3% |
| Return on assets | 4.4% | 17.1% |
| Return on invested capital | 7.8% | 28.9% |
| FCF yield | 2.6% | 9.3% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 1.50 | 2.23 |
| Altman Z (solvency) | 3.60 | 4.67 |
| Piotroski F (quality) | 8 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.