AS vs. LULU: Amer Sports vs. lululemon athletica Stock Comparison

November 11, 2026

How do Amer Sports (AS) and lululemon athletica (LULU) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Amer Sports (AS) and lululemon athletica (LULU) are both classified in the Apparel, Accessories & Luxury Goods sub-industry within the broader Textiles, Apparel & Luxury Goods industry, placing them in the closest GICS peer bucket.

lululemon athletica (LULU) has been public since July 27, 2007, giving it a longer listed trading history, while Amer Sports (AS) listed on February 1, 2024 and still has a shorter public-market record.

Company profile comparison for Amer Sports (AS) and lululemon athletica (LULU)
Profile Item	AS	LULU
Name	Amer Sports, Inc.	lululemon athletica inc.
Country/Region	Finland	Canada
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Durables & Apparel	Consumer Durables & Apparel
GICS Industry	Textiles, Apparel & Luxury Goods	Textiles, Apparel & Luxury Goods
GICS Sub-Industry	Apparel, Accessories & Luxury Goods	Apparel, Accessories & Luxury Goods
Market Capitalization	18.31 billion USD	12.83 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	February 1, 2024	July 27, 2007
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LULU

GSPC

Amer Sports (AS) vs. lululemon athletica (LULU), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Amer Sports (AS) and lululemon athletica (LULU). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Amer Sports (AS) and lululemon athletica (LULU). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Amer Sports (AS) and lululemon athletica (LULU)
Metric	AS	LULU
Total Return (1Y)	9.14%	-32.13%
Total Return (3Y, Annualized)	--	-34.79%
Total Return (5Y, Annualized)	--	-24.85%

Risk Profile

Drawdown History

LULU

GSPC

Amer Sports (AS) vs. lululemon athletica (LULU), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Amer Sports (AS) and lululemon athletica (LULU). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Amer Sports (AS) and lululemon athletica (LULU)
Metric	AS	LULU
Volatility (1Y, Annualized)	40.19%	45.85%
Beta (5Y)	1.82	0.81
Max Drawdown (5Y)	-40.71%	-82.03%
Avg. Volume (3M)	6.72M	5.00M

Risk-Adjusted Performance

Risk-Return Positioning

AS and LULU are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Amer Sports (AS) and lululemon athletica (LULU)
Metric	AS	LULU
Sharpe Ratio (1Y)	0.12	-0.79
Sortino Ratio (1Y)	0.18	-1.02

Profitability

ROE (TTM)

lululemon athletica (LULU) at 30.90% sits in the top ROE quartile, while Amer Sports (AS) at 9.15% is closer to the peer norm — stronger capital efficiency for LULU.

AS

Consumer Durables & Apparel industry group

9.15%

Max: 44.27%
Q3: 22.94%
Median: 12.36%
AS: 9.15%
Q1: 5.76%
Min: -12.76%

LULU

Consumer Durables & Apparel industry group

30.90%

Max: 44.27%
LULU: 30.90%
Q3: 22.94%
Median: 12.36%
Q1: 5.76%
Min: -12.76%

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their ROE against the Consumer Durables & Apparel industry group benchmark.

Net Margin (TTM)

lululemon athletica (LULU) at 12.78% retains a top-quartile share of revenue as profit, ahead of Amer Sports (AS) at 7.35%, which keeps about the industry-typical share.

AS

Consumer Durables & Apparel industry group

7.35%

Max: 19.00%
Q3: 9.42%
AS: 7.35%
Median: 5.93%
Q1: 2.80%
Min: -7.09%

LULU

Consumer Durables & Apparel industry group

12.78%

Max: 19.00%
LULU: 12.78%
Q3: 9.42%
Median: 5.93%
Q1: 2.80%
Min: -7.09%

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their net margin against the Consumer Durables & Apparel industry group benchmark.

Operating Margin (TTM)

Both Amer Sports (AS) at 7.93% and lululemon athletica (LULU) at 13.21% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

AS

Consumer Durables & Apparel industry group

7.93%

Max: 28.97%
Q3: 14.34%
Median: 8.77%
AS: 7.93%
Q1: 4.05%
Min: -7.88%

LULU

Consumer Durables & Apparel industry group

13.21%

Max: 28.97%
Q3: 14.34%
LULU: 13.21%
Median: 8.77%
Q1: 4.05%
Min: -7.88%

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their operating margin against the Consumer Durables & Apparel industry group benchmark.

Profitability Metrics

Profitability metrics for Amer Sports (AS) and lululemon athletica (LULU)
Metric	AS	LULU
ROE (TTM)	9.15%	30.90%
ROA (TTM)	6.29%	14.40%
Net Margin (TTM)	7.35%	12.78%
Operating Margin (TTM)	7.93%	13.21%
Gross Margin (TTM)	59.81%	54.90%

Growth

Revenue Growth

Amer Sports (AS) at 26.68% sits in the top revenue growth quartile, while lululemon athletica (LULU) at 4.86% is closer to the peer norm — faster top-line expansion for AS.

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their Revenue Growth across different time periods.

EPS Growth

Amer Sports (AS) at 442.86% clears its industry range for EPS growth, a much stronger earnings trajectory than lululemon athletica (LULU) at -9.43%, which is closer to a typical peer reading.

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Amer Sports (AS) and lululemon athletica (LULU)
Metric	AS	LULU
Revenue Growth (YoY)	26.68%	4.86%
Revenue Growth (3Y CAGR)	22.51%	11.03%
EPS Growth (YoY)	442.86%	-9.43%
EPS Growth (3Y CAGR)	--	25.68%

Financial Strength

Current Ratio (MRQ)

Both Amer Sports (AS) at 1.76 and lululemon athletica (LULU) at 2.19 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

AS

Consumer Durables & Apparel industry group

1.76

Max: 5.48
Q3: 3.70
Median: 2.10
AS: 1.76
Q1: 1.64
Min: 0.75

LULU

Consumer Durables & Apparel industry group

2.19

Max: 5.48
Q3: 3.70
LULU: 2.19
Median: 2.10
Q1: 1.64
Min: 0.75

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their current ratio against the Consumer Durables & Apparel industry group benchmark.

Debt / Equity (MRQ)

Amer Sports (AS) at 0.16 keeps leverage in the lower industry quartile, while lululemon athletica (LULU) at 0.45 runs a more typical debt-to-equity mix.

AS

Consumer Durables & Apparel industry group

0.16

Max: 2.46
Q3: 1.19
Median: 0.45
Q1: 0.23
AS: 0.16
Min: 0.00

LULU

Consumer Durables & Apparel industry group

0.45

Max: 2.46
Q3: 1.19
LULU: 0.45
Median: 0.45
Q1: 0.23
Min: 0.00

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their debt-to-equity ratio against the Consumer Durables & Apparel industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Amer Sports (AS) and lululemon athletica (LULU)
Metric	AS	LULU
Current Ratio (MRQ)	1.76	2.19
Debt / Equity (MRQ)	0.16	0.45
Net Debt / EBITDA	0.31	0.32

Dividends

Dividend Yield (TTM)

Neither Amer Sports (AS) nor lululemon athletica (LULU) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

AS

Consumer Durables & Apparel industry group

0.00%

Max: 5.10%
Q3: 2.20%
Median: 0.77%
AS: 0.00%
Q1: 0.00%
Min: 0.00%

LULU

Consumer Durables & Apparel industry group

0.00%

Max: 5.10%
Q3: 2.20%
Median: 0.77%
LULU: 0.00%
Q1: 0.00%
Min: 0.00%

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their dividend yield against the Consumer Durables & Apparel industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Amer Sports (AS) nor lululemon athletica (LULU) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

AS

Consumer Durables & Apparel industry group

0.00%

Max: 96.30%
Q3: 39.57%
Median: 11.11%
AS: 0.00%
Q1: 0.00%
Min: 0.00%

LULU

Consumer Durables & Apparel industry group

0.00%

Max: 96.30%
Q3: 39.57%
Median: 11.11%
LULU: 0.00%
Q1: 0.00%
Min: 0.00%

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their payout ratio against the Consumer Durables & Apparel industry group benchmark.

Dividend Metrics

Dividend metrics for Amer Sports (AS) and lululemon athletica (LULU)
Metric	AS	LULU
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

lululemon athletica (LULU) at 9.12 sits in the cheaper P/E ratio quartile, while Amer Sports (AS) at 33.13 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

AS

Consumer Durables & Apparel industry group

33.13

Max: 40.20
AS: 33.13
Q3: 25.33
Median: 17.52
Q1: 14.50
Min: 5.29

LULU

Consumer Durables & Apparel industry group

9.12

Max: 40.20
Q3: 25.33
Median: 17.52
Q1: 14.50
LULU: 9.12
Min: 5.29

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their P/E ratio against the Consumer Durables & Apparel industry group benchmark.

P/S Ratio (TTM)

lululemon athletica (LULU) at 1.16 is priced about in line with its industry on P/S ratio, while Amer Sports (AS) at 2.46 sits in the pricier quartile — AS costs more per dollar of sales.

AS

Consumer Durables & Apparel industry group

2.46

Max: 3.32
AS: 2.46
Q3: 1.74
Median: 1.02
Q1: 0.56
Min: 0.01

LULU

Consumer Durables & Apparel industry group

1.16

Max: 3.32
Q3: 1.74
LULU: 1.16
Median: 1.02
Q1: 0.56
Min: 0.01

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their P/S ratio against the Consumer Durables & Apparel industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Amer Sports (AS) at 2.67 and lululemon athletica (LULU) at 2.58 are valued close to their industries’ norm against book — neither stands out from peers.

AS

Consumer Durables & Apparel industry group

2.67

Max: 8.35
Q3: 4.28
AS: 2.67
Median: 2.11
Q1: 1.09
Min: 0.49

LULU

Consumer Durables & Apparel industry group

2.58

Max: 8.35
Q3: 4.28
LULU: 2.58
Median: 2.11
Q1: 1.09
Min: 0.49

Amer Sports (AS) vs. lululemon athletica (LULU): A comparison of their P/B ratio against the Consumer Durables & Apparel industry group benchmark.

Valuation Metrics

Valuation metrics for Amer Sports (AS) and lululemon athletica (LULU)
Metric	AS	LULU
P/E Ratio (TTM)	33.13	9.12
P/S Ratio (TTM)	2.46	1.16
P/B Ratio (MRQ)	2.67	2.58
Free Cash Flow Yield (TTM)	2.99%	8.95%