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Carters vs lululemon athletica: revenue, profit, margins and growth compared

Carters brought in $2.9B of revenue in fiscal 2025, lululemon athletica $11.1B in fiscal 2025. Revenue changed by +1.9% at Carters and +4.9% at lululemon athletica on the year before, so lululemon athletica grew faster. Carters kept 3.2% of its revenue as net profit, lululemon athletica 14.2%. Free cash flow was $68.6M at Carters and $921.7M at lululemon athletica.

Side by side, latest fiscal year

CRILULU
Fiscal year endedFY2025 (January 3, 2026)FY2025 (February 1, 2026)
Revenue$2.9B$11.1B
Revenue growth+1.9%+4.9%
Net income$91.8M$1.6B
Net margin3.2%14.2%
Free cash flow$68.6M$921.7M
Free cash flow margin2.4%8.3%
Earnings per share (diluted)$2.53$13.26
Cash$487.1M$1.8B
Debt$567.2Mn/a
Price to earnings12.47.6
Market value$1.1B$11B
Dividend yield4.95%n/a
Rank by revenue in sector#293 of 778 · Consumer discretionary#114 of 778 · Consumer discretionary

Over the years

Revenue
CRI FY2018: $3.5BCRI FY2019: $3.5BCRI FY2020: $3BCRI FY2021: $3.5BCRI FY2022: $3.2BCRI FY2023: $2.9BCRI FY2024: $2.8BCRI FY2025: $2.9BLULU FY2018: $3.3BLULU FY2019: $4BLULU FY2020: $4.4BLULU FY2021: $6.3BLULU FY2022: $8.1BLULU FY2023: $9.6BLULU FY2024: $10.6BLULU FY2025: $11.1BFY18FY19FY20FY21FY22FY23FY24FY25
CRI $2.9BLULU $11.1B
Net income
CRI FY2018: $282.1MCRI FY2019: $263.8MCRI FY2020: $109.7MCRI FY2021: $339.7MCRI FY2022: $250MCRI FY2023: $232.5MCRI FY2024: $185.5MCRI FY2025: $91.8MLULU FY2018: $483.8MLULU FY2019: $645.6MLULU FY2020: $588.9MLULU FY2021: $975.3MLULU FY2022: $854.8MLULU FY2023: $1.6BLULU FY2024: $1.8BLULU FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
CRI $91.8MLULU $1.6B
Net margin
CRI FY2018: 8.1%CRI FY2019: 7.5%CRI FY2020: 3.6%CRI FY2021: 9.7%CRI FY2022: 7.8%CRI FY2023: 7.9%CRI FY2024: 6.5%CRI FY2025: 3.2%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
CRI 3.2%LULU 14.2%
Revenue growth
CRI FY2019: +1.6%CRI FY2020: -14.1%CRI FY2021: +15.3%CRI FY2022: -7.9%CRI FY2023: -8.3%CRI FY2024: -3.4%CRI FY2025: +1.9%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
CRI +1.9%LULU +4.9%
Free cash flow
CRI FY2018: $292.4MCRI FY2019: $325.8MCRI FY2020: $555.6MCRI FY2021: $230.8MCRI FY2022: $48MCRI FY2023: $469.3MCRI FY2024: $242.6MCRI FY2025: $68.6MLULU FY2018: $517MLULU FY2019: $386.3MLULU FY2020: $574.1MLULU FY2021: $994.6MLULU FY2022: $327.8MLULU FY2023: $1.6BLULU FY2024: $1.6BLULU FY2025: $921.7MFY18FY19FY20FY21FY22FY23FY24FY25
CRI $68.6MLULU $921.7M

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

Questions about Carters and lululemon athletica

Which is bigger by revenue, Carters or lululemon athletica?

lululemon athletica is bigger by revenue: $11.1B in fiscal 2025, against $2.9B for Carters in fiscal 2025.

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

Carters had a net margin of 3.2% in fiscal 2025; lululemon athletica had 14.2% in fiscal 2025.

Which grew revenue faster, Carters or lululemon athletica?

In their latest fiscal years revenue changed by +1.9% at Carters 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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