Lululemon Athletica Inc.

LULU · Nasdaq · Consumer Brands & Retail · SIC 2300 Apparel & Other Finishd Prods of Fabrics & Similar Matl

Engine v1.1.0 · live data

Filings through Aug 2, 2026 · 10-Q filed Sep 3, 2026

Price as of Sep 16, 2026 · USD

Valuation method: EV / EBITDA

Revenue (TTM)

$11.1B

EBITDA (TTM, GAAP-derived)

$2.5B

Free cash flow (TTM)

$1.4B

Cash & short-term investments

$1.4B

Total debt

DATA REQUIRED

Market capitalization

$10.1B

Enterprise value

DATA REQUIRED

EV / EBITDA

DATA REQUIRED

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Opportunity Detection · MultiStrategy™

4 pathways detected from Lululemon Athletica Inc.'s own filings

Each pathway fires only when the company's evidence supports it. Scores are deterministic; component scores are shown, the weights stay server-side.

#1NEXTAI Enterprise-Value Optimization·Operational Optimization·5X: Enterprise Value

Margin Recovery Program

EBITDA margin has compressed from 27.9% to 22.7% on a trailing basis. On $11.1B of revenue, each point recovered is worth $110.9M of annual EBITDA. Token Clear models recovering part of the 5.2% gap through pricing, mix, procurement and AI-driven operating efficiency.

Annual economics

$143.7M–$344.9M

SCENARIO

$11.1B revenue × 5.2% margin gap × 25%–60% recovered

Evidence that triggered it

EBITDA margin (TTM)22.7%
Revenue (TTM)$11.1B
EBITDA margin FY202527.9%

Assumptions (challenge these)

Share of margin gap recovered25.0%–60.0%ASSUMPTION
Program cost (share of revenue, one-time)0.5%ASSUMPTION

Score components

Economic impact100
Feasibility68
Time to value55
Capital efficiency100
Strategic fit80
Evidence strength100

Capital required: $55.5M
Time to value: 12 months
Execution complexity: Medium
Regulatory complexity: Low

HUMAN APPROVAL GATE

DRAFT

Activation is locked until this pathway is reviewed and approved.

#2NOWDigital Treasury·Treasury & Capital Strategy·5X: Treasury Value

Treasury Optimization — Excess Liquidity

Lululemon Athletica Inc. holds $1.4B of cash and short-term investments against an operating reserve of $1.1B (10% of TTM revenue). A tiered treasury policy on the $280.3M above reserve can raise yield without reducing liquidity coverage.

Annual economics

$1.4M–$4.2M

SCENARIO

$280.3M excess cash × 0.5%–1.5% yield uplift

Evidence that triggered it

Cash & short-term investments$1.4B
Cash & equivalents$1.4B
Revenue (TTM)$11.1B

Assumptions (challenge these)

Operating reserve (share of revenue)10.0%ASSUMPTION
Yield uplift on excess cash0.5%–1.5%ASSUMPTION
Yield uplift on already-invested short-term investments0.1%–0.3%ASSUMPTION

Score components

Economic impact13
Feasibility88
Time to value100
Capital efficiency90
Strategic fit55
Evidence strength100

Capital required: None material
Time to value: 3 months
Execution complexity: Low
Regulatory complexity: Low

HUMAN APPROVAL GATE

DRAFT

Activation is locked until this pathway is reviewed and approved.

#3NOWDigital Asset Subscription & Settlement·Payments & Financial Infrastructure·5X: Enterprise Value

Programmable Payments & Settlement

Programmable payments and settlement on $11.1B of revenue can reduce payment cost and open new settlement revenue.

Annual economics

$11.1M–$33.3M

SCENARIO

$11.1B revenue × 0.10%–0.30%

Evidence that triggered it

Revenue (TTM)$11.1B

Assumptions (challenge these)

EBITDA impact (share of revenue)0.1%–0.3%ASSUMPTION

Score components

Economic impact38
Feasibility60
Time to value70
Capital efficiency90
Strategic fit65
Evidence strength100

Capital required: None material
Time to value: 9 months
Execution complexity: Medium
Regulatory complexity: Medium

Blockers & dependencies

Money-transmission, stablecoin and banking-partner requirements vary by jurisdiction.

HUMAN APPROVAL GATE

DRAFT

Activation is locked until this pathway is reviewed and approved.

#4NEXTCapital Formation·Treasury & Capital Strategy·5X: Capital Value

Capital Allocation Engine — Buybacks vs. M&A vs. Deleveraging

Free cash flow yield is 13.4% ($1.4B on a $10.1B market cap). At this yield, repurchases, deleveraging and acquisitions compete for the same dollar; Token Clear ranks each use of cash on modeled per-share value and risk rather than defaulting to one answer.

Sizing

Not modeled

ASSUMPTION

Per-share accretion and risk reduction — not counted toward enterprise value

Evidence that triggered it

Free cash flow (TTM)$1.4B
Market capitalization$10.1B
Return on invested capital—

Score components

Economic impact15
Feasibility88
Time to value100
Capital efficiency40
Strategic fit55
Evidence strength44

Capital required: None material
Time to value: 3 months
Execution complexity: Low
Regulatory complexity: Low

HUMAN APPROVAL GATE

DRAFT

Activation is locked until this pathway is reviewed and approved.

Token Clear is modeling the enterprise…

First run for a company pulls filings live from SEC EDGAR. Subsequent loads are cached.

1Resolving issuer on SEC EDGAR
2Building Company Graph™ from XBRL filings
3Pulling market data and live peer set
4Detecting opportunities and scoring MultiStrategy™
5Running deterministic scenarios