lululemon athletica inc. vs UNDER ARMOUR, INC., two Apparel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Lululemon and Under Armour both sell athletic apparel, and there the resemblance stops. Lululemon earns 30.25% on equity and a 13.03% net margin, and trades at a cheap 9.51 times earnings with no debt. Under Armour is loss-making through a turnaround, a return on equity near -35%, no earnings to price, and 1.27 in debt. Lululemon yields 9.43% in free cash flow; Under Armour burns cash at -6.31%. At 2.81 times book Lululemon is priced for proven profitability that the market currently undervalues; at 1.82 times Under Armour is priced for a recovery that may or may not come.
Comparison updated 2026-07-11.
| Metric | LULU | UA |
|---|---|---|
| Price | $119.23 | $6.62 |
| Market cap | $13.8B | $2.8B |
| Sector | Apparel | Apparel |
| Stage | Mature | Mature |
| P/E | 9.7 | — |
| P/B | 2.85 | 1.99 |
| P/S | 1.23 | 0.57 |
| EV/EBITDA | 5.4 | 46.4 |
| Revenue growth | +4.7% | -3.7% |
| Gross margin | 54.2% | 42.0% |
| Operating margin | 11.2% | -2.9% |
| Net margin | 13.0% | -10.0% |
| Return on equity | 30.3% | -35.0% |
| Return on assets | 17.1% | -11.2% |
| Return on invested capital | 28.9% | -0.4% |
| FCF yield | 9.3% | -5.8% |
| Debt / equity | 0.00 | 1.27 |
| Current ratio | 2.23 | 1.62 |
| Altman Z (solvency) | 4.67 | 2.01 |
| Piotroski F (quality) | 5 / 9 | 1 / 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.