Boot Barn Holdings, Inc. (BOOT) vs lululemon athletica inc. (LULU)

Boot Barn Holdings, Inc. and lululemon athletica inc. are both Apparel Retail companies. lululemon athletica inc. is the larger, with a market value of $11.8B against $3.8B — 3.1× the size. lululemon athletica inc. trades at the lower P/E: 8.3× against 15.5×. Boot Barn Holdings, Inc. grew revenue faster over the last twelve months: 17.7% against 1.74%. lululemon athletica inc. has the higher net margin (12.8% vs 10.4%) and the higher return on invested capital (36.4% vs 16.4%). Across the 20 metrics below, lululemon athletica inc. leads on 16 and Boot Barn Holdings, Inc. on 4.

Valuation

Metric BOOT LULU Apparel Retail median
P/E 15.47 8.30 12.56
P/S 1.60 1.03 0.35
P/B 2.76 2.39 1.57
Price to free cash flow 32.14 8.44 11.15
EV/EBITDA 9.98 4.08 7.42
EV/Sales 1.71 0.93 0.51
Earnings yield 6.46% 12.05% 5.76%
Free cash flow yield 3.11% 11.84% 4.34%

Profitability

Metric BOOT LULU Apparel Retail median
Gross margin 38.45% 56.11% 41.90%
Operating margin 13.61% 17.84% 2.50%
Net margin 10.35% 12.78% 3.41%
Free cash flow margin 4.98% 12.21% 2.86%
Return on equity 19.18% 30.90% 7.71%
Return on assets 10.41% 17.72% 2.85%
Return on invested capital 16.35% 36.36% 6.41%

Growth

Metric BOOT LULU Apparel Retail median
Revenue growth (TTM) 17.65% 1.74% 4.14%
EPS growth (last fiscal year) 25.00% (9.43%) —
Revenue growth, 5-year CAGR 20.33% 20.33% 5.92%
Net income growth, 5-year CAGR 30.63% 21.81% 0.00%

Health

Metric BOOT LULU Apparel Retail median
Debt to equity 0.00 0.00 0.01
Current ratio 2.53 2.19 1.54
Net debt to EBITDA (0.37) (0.67) (0.29)

Dividend

Metric BOOT LULU Apparel Retail median
Dividend yield — — 2.94%
Payout ratio 0.00 0.00 0.00

Size

Metric BOOT LULU Apparel Retail median
Market cap 3.82b 11.80b 358.41m

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