lululemon athletica (LULU) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 54.2%
EBITDA Margin: 16.7%
Op. Margin: 11.2%
Net Margin: 7.9%

Op. margin of 11.2% is down 7.3% YoY — costs are rising relative to revenue. Net margin at 7.9% and gross margin of 54.2% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit