InvestMoat

Nike vs Lululemon

Nike has the wider moat. So why does Lululemon win?

Lululemon edges it, 50 to 49, on valuation.

Nike wins on moat and growth, but Lululemon's lead on valuation counts for more.

NKE · Consumer

Nike

…

AvoidFull analysis

LULU · Consumer

Lululemon Athletica

…

AvoidFull analysis

NKE

LULU

Composite
49
50
(higher)
Moat
57
(higher)
53
Growth
41
(higher)
40
Valuation
62
73
(higher)

NKE

LULU

Bear
$24
$70
Base
$34
$115
Bull
$57
$150
Upside to base
—
—

NKE

LULU

Revenue CAGR, 3–5 yr
-1–2%
-1–3%

NKE

LULU

Proprietary Data
Intact (higher)
Weakened
Regulatory Lock-In
N/A
N/A
Network Effects
N/A
Intact (higher)
Transaction Embedding
Weakened
Weakened
System of Record
N/A
N/A
Scale Economics
N/A
N/A
Brand & Pricing Power
Intact
Intact

NKE

LULU

Learned Interfaces
N/A
N/A
Business Logic
N/A
N/A
Public Data Access
N/A
N/A
Talent Scarcity
Intact
Intact
Bundling
Intact
Intact

Shaded cells mark the higher score or stronger moat on each row. Valuation and composite use the live price when it is available, the same as each stock page.

Which is the better stock, Nike or Lululemon?

Lululemon edges it, 50 to 49, on valuation. Nike wins on moat and growth, but Lululemon's lead on valuation counts for more. Our rating: Nike Avoid, Lululemon Avoid.

Does Nike or Lululemon have the wider moat?

Nike scores 57 on moat to Lululemon's 53. Nike is rated stronger on proprietary data.

Which is growing faster, Nike or Lululemon?

Nike scores 41 on growth to Lululemon's 40. We expect Nike to grow −1% to 2% a year, Lululemon −1% to 3%.

Is Nike or Lululemon cheaper right now?

Lululemon scores 73 on valuation to Nike's 62. In our base case, Lululemon has more upside: +15% vs −8%.

Scores in the answers use the price each valuation was last struck at; the table above updates with the live price. Not investment advice.