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Levi Strauss vs lululemon athletica: revenue, profit, margins and growth compared

Levi Strauss brought in $6.3B of revenue in fiscal 2025, lululemon athletica $11.1B in fiscal 2025. Revenue changed by +4.1% at Levi Strauss and +4.9% at lululemon athletica on the year before, so lululemon athletica grew faster. Levi Strauss kept 9.2% of its revenue as net profit, lululemon athletica 14.2%. Free cash flow was $308.2M at Levi Strauss and $921.7M at lululemon athletica.

Side by side, latest fiscal year

LEVILULU
Fiscal year endedFY2025 (November 30, 2025)FY2025 (February 1, 2026)
Revenue$6.3B$11.1B
Revenue growth+4.1%+4.9%
Net income$578.1M$1.6B
Net margin9.2%14.2%
Free cash flow$308.2M$921.7M
Free cash flow margin4.9%8.3%
Earnings per share (diluted)$1.45$13.26
Cash$757.9M$1.8B
Debt$1Bn/a
Price to earnings13.67.6
Market value$7.6B$11B
Dividend yield2.74%n/a
Rank by revenue in sector#172 of 778 · Consumer discretionary#114 of 778 · Consumer discretionary

Over the years

Revenue
LEVI FY2018: $5.6BLEVI FY2019: $5.8BLEVI FY2020: $4.5BLEVI FY2021: $5.8BLEVI FY2022: $6.2BLEVI FY2023: $5.8BLEVI FY2024: $6BLEVI FY2025: $6.3BLULU FY2018: $3.3BLULU FY2019: $4BLULU FY2020: $4.4BLULU FY2021: $6.3BLULU FY2022: $8.1BLULU FY2023: $9.6BLULU FY2024: $10.6BLULU FY2025: $11.1BFY18FY19FY20FY21FY22FY23FY24FY25
LEVI $6.3BLULU $11.1B
Net income
LEVI FY2018: $283.1MLEVI FY2019: $394.6MLEVI FY2020: -$127.1MLEVI FY2021: $553.5MLEVI FY2022: $569.1MLEVI FY2023: $249.6MLEVI FY2024: $210.6MLEVI FY2025: $578.1MLULU FY2018: $483.8MLULU FY2019: $645.6MLULU FY2020: $588.9MLULU FY2021: $975.3MLULU FY2022: $854.8MLULU FY2023: $1.6BLULU FY2024: $1.8BLULU FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
LEVI $578.1MLULU $1.6B
Net margin
LEVI FY2018: 5.1%LEVI FY2019: 6.8%LEVI FY2020: -2.9%LEVI FY2021: 9.6%LEVI FY2022: 9.2%LEVI FY2023: 4.3%LEVI FY2024: 3.5%LEVI FY2025: 9.2%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
LEVI 9.2%LULU 14.2%
Revenue growth
LEVI FY2019: +3.4%LEVI FY2020: -22.7%LEVI FY2021: +29.5%LEVI FY2022: +7.0%LEVI FY2023: -5.3%LEVI FY2024: +3.3%LEVI FY2025: +4.1%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
LEVI +4.1%LULU +4.9%
Free cash flow
LEVI FY2018: $261MLEVI FY2019: $236.8MLEVI FY2020: $339.2MLEVI FY2021: $570.4MLEVI FY2022: -$39MLEVI FY2023: $121.9MLEVI FY2024: $670.9MLEVI FY2025: $308.2MLULU FY2018: $517MLULU FY2019: $386.3MLULU FY2020: $574.1MLULU FY2021: $994.6MLULU FY2022: $327.8MLULU FY2023: $1.6BLULU FY2024: $1.6BLULU FY2025: $921.7MFY18FY19FY20FY21FY22FY23FY24FY25
LEVI $308.2MLULU $921.7M

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

Questions about Levi Strauss and lululemon athletica

Which is bigger by revenue, Levi Strauss or lululemon athletica?

lululemon athletica is bigger by revenue: $11.1B in fiscal 2025, against $6.3B for Levi Strauss in fiscal 2025.

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

Levi Strauss had a net margin of 9.2% in fiscal 2025; lululemon athletica had 14.2% in fiscal 2025.

Which grew revenue faster, Levi Strauss or lululemon athletica?

In their latest fiscal years revenue changed by +4.1% at Levi Strauss 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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