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Amer Sports vs lululemon athletica: revenue, profit, margins and growth compared

Amer Sports brought in $6.6B of revenue in fiscal 2025, lululemon athletica $11.1B in fiscal 2025. Revenue changed by +26.7% at Amer Sports and +4.9% at lululemon athletica on the year before, so Amer Sports grew faster. Amer Sports kept 6.5% of its revenue as net profit, lululemon athletica 14.2%. Free cash flow was $513.3M at Amer Sports and $921.7M at lululemon athletica.

Side by side, latest fiscal year

ASLULU
Fiscal year endedFY2025 (December 31, 2025)FY2025 (February 1, 2026)
Revenue$6.6B$11.1B
Revenue growth+26.7%+4.9%
Net income$427.4M$1.6B
Net margin6.5%14.2%
Free cash flow$513.3M$921.7M
Free cash flow margin7.8%8.3%
Earnings per share (diluted)$0.76$13.26
Cash$652.3M$1.8B
Debt$935.1Mn/a
Price to earningsn/a7.6
Market value$15.5B$11B
Dividend yieldn/an/a
Rank by revenue in sector#162 of 778 · Consumer discretionary#114 of 778 · Consumer discretionary

Over the years

Revenue
AS FY2021: $3.1BAS FY2023: $3.6BAS FY2023: $4.4BAS FY2024: $5.2BAS FY2025: $6.6BLULU FY2018: $3.3BLULU FY2019: $4BLULU FY2020: $4.4BLULU FY2021: $6.3BLULU FY2022: $8.1BLULU FY2023: $9.6BLULU FY2024: $10.6BLULU FY2025: $11.1BFY18FY19FY20FY21FY22FY23FY24FY25
AS $6.6BLULU $11.1B
Net income
AS FY2021: -$126.3MAS FY2023: -$252.7MAS FY2023: -$208.6MAS FY2024: $72.6MAS FY2025: $427.4MLULU FY2018: $483.8MLULU FY2019: $645.6MLULU FY2020: $588.9MLULU FY2021: $975.3MLULU FY2022: $854.8MLULU FY2023: $1.6BLULU FY2024: $1.8BLULU FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
AS $427.4MLULU $1.6B
Net margin
AS FY2021: -4.1%AS FY2023: -7.1%AS FY2023: -4.7%AS FY2024: 1.4%AS FY2025: 6.5%LULU FY2018: 14.7%LULU FY2019: 16.2%LULU FY2020: 13.4%LULU FY2021: 15.6%LULU FY2022: 10.5%LULU FY2023: 16.1%LULU FY2024: 17.1%LULU FY2025: 14.2%FY18FY19FY20FY21FY22FY23FY24FY25
AS 6.5%LULU 14.2%
Revenue growth
AS FY2023: +16.5%AS FY2023: +23.2%AS FY2024: +17.8%AS FY2025: +26.7%LULU FY2019: +21.0%LULU FY2020: +10.6%LULU FY2021: +42.1%LULU FY2022: +29.6%LULU FY2023: +18.6%LULU FY2024: +10.1%LULU FY2025: +4.9%FY19FY20FY21FY22FY23FY24FY25
AS +26.7%LULU +4.9%
Free cash flow
AS FY2021: $207.3MAS FY2023: -$169.4MAS FY2023: $75.4MAS FY2024: $195.6MAS FY2025: $513.3MLULU FY2018: $517MLULU FY2019: $386.3MLULU FY2020: $574.1MLULU FY2021: $994.6MLULU FY2022: $327.8MLULU FY2023: $1.6BLULU FY2024: $1.6BLULU FY2025: $921.7MFY18FY19FY20FY21FY22FY23FY24FY25
AS $513.3MLULU $921.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Amer Sports and lululemon athletica

Which is bigger by revenue, Amer Sports or lululemon athletica?

lululemon athletica is bigger by revenue: $11.1B in fiscal 2025, against $6.6B for Amer Sports in fiscal 2025.

Which keeps more of its revenue as profit, Amer Sports or lululemon athletica?

Amer Sports had a net margin of 6.5% in fiscal 2025; lululemon athletica had 14.2% in fiscal 2025.

Which grew revenue faster, Amer Sports or lululemon athletica?

In their latest fiscal years revenue changed by +26.7% at Amer Sports and +4.9% at lululemon athletica.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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