lululemon athletica inc. vs PVH Corp., two Apparel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Lululemon and PVH are both out of favor, but for different reasons and to different degrees. Lululemon, the premium athletic name, still earns 30.25% on equity and a 13.03% net margin, yet trades at just 9.51 times earnings after growth cooled. PVH, owner of Calvin Klein and Tommy Hilfiger, has genuinely stumbled, a 3.23% return on equity and a price below book at 0.71. PVH yields a huge 15.94% in free cash flow against Lululemon's 9.43%. Lululemon runs debt-free; PVH carries 0.47. Lululemon is a strong business marked down on growth worries; PVH is a weak one marked down on genuine doubt.
Comparison updated 2026-07-11.
| Metric | LULU | PVH |
|---|---|---|
| Price | $119.23 | $79.37 |
| Market cap | $13.8B | $3.7B |
| Sector | Apparel | Apparel |
| Stage | Mature | Mature |
| P/E | 9.7 | 24.1 |
| P/B | 2.85 | 0.75 |
| P/S | 1.23 | 0.41 |
| EV/EBITDA | 5.4 | 5.6 |
| Revenue growth | +4.7% | +3.5% |
| Gross margin | 54.2% | 58.6% |
| Operating margin | 11.2% | 6.1% |
| Net margin | 13.0% | 1.8% |
| Return on equity | 30.3% | 3.2% |
| Return on assets | 17.1% | 1.4% |
| Return on invested capital | 28.9% | 7.8% |
| FCF yield | 9.3% | 14.9% |
| Dividend yield | — | 0.2% |
| Debt / equity | 0.00 | 0.47 |
| Current ratio | 2.23 | 1.68 |
| Altman Z (solvency) | 4.67 | 7.73 |
| Piotroski F (quality) | 5 / 9 | 4 / 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.