Which has the lower trailing P/E, LULU or ONON?

LULU has the lower trailing P/E: LULU trades at 7.76 and ONON at 20.73. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, LULU or ONON?

Over the past five years, ONON grew revenue faster — LULU at a 14.96% CAGR versus ONON at 45.59%.

Is LULU or ONON more profitable?

LULU runs the higher net margin — LULU at 12.78% versus ONON at 12.30%.

How have LULU and ONON total returns compared?

Over the past 5 years, LULU delivered -24.91% and ONON delivered -0.20% annualized total return. Past performance doesn't predict future results.

Lululemon Athletica Inc. (LULU) vs On Holding AG (ONON)

A side-by-side comparison of Lululemon Athletica Inc. and On Holding AG across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.

LULU

Lululemon Athletica Inc.

$10.73B

$94.46Consumer CyclicalDelayed quote: Oct 2, 2026, 4:00 PM EDT

ONON

On Holding AG

$10.28B

$30.85Consumer CyclicalDelayed quote: Oct 2, 2026, 4:00 PM EDT

Total return — LULU vs ONON

growth of $100 · dividends reinvested · last 5y

LULU -77.2% (-25.6%/yr)ONON -13.7% (-2.9%/yr)ONON compounded faster over this window

LULU ONON

LULU vs ONON: by the numbers

•LULU is the larger company ($10.73B vs $10.28B market cap).
•LULU trades at the lower trailing earnings multiple (7.76 vs 20.73 P/E), one valuation lens rather than an overall verdict.
•LULU converts more revenue to profit (12.78% vs 12.30% net margin).
•ONON grew revenue faster over the past five years (45.59% vs 14.96% CAGR).

Metrics side by side

Valuation

Metric	LULU	ONON
P/E ratio	7.76	20.73
Forward P/E	9.86	N/A
PEG ratio	0.32	N/A
P/S ratio	0.97	2.54
P/B ratio	2.24	4.35
EV / EBITDA	4.57	13.49
FCF yield	12.63%	5.15%

Profitability

Metric	LULU	ONON
Gross margin	56.11%	64.82%
Operating margin	17.76%	13.78%
Net margin	12.78%	12.30%
ROE	29.60%	21.08%
ROIC	20.81%	17.09%

Growth (annualized)

Metric	LULU	ONON
Revenue CAGR (5Y)	14.96%	45.59%
EPS CAGR (5Y)	24.02%	N/A
FCF CAGR (5Y)	-1.88%	N/A
Total return CAGR (5Y)	-24.91%	-0.20%

Frequently asked

Which has the lower trailing P/E, LULU or ONON?: LULU has the lower trailing P/E: LULU trades at 7.76 and ONON at 20.73. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, LULU or ONON?: Over the past five years, ONON grew revenue faster — LULU at a 14.96% CAGR versus ONON at 45.59%.
Is LULU or ONON more profitable?: LULU runs the higher net margin — LULU at 12.78% versus ONON at 12.30%.
How have LULU and ONON total returns compared?: Over the past 5 years, LULU delivered -24.91% and ONON delivered -0.20% annualized total return. Past performance doesn't predict future results.

Go deeper

Full LULU analysis Full ONON analysis Interactive comparison tool

Dig into the metrics

Lululemon Athletica P/E ratio On Holding AG P/E ratio Lululemon Athletica ROE On Holding AG ROE Lululemon Athletica operating margin On Holding AG operating margin Lululemon Athletica revenue growth On Holding AG revenue growth Lululemon Athletica free cash flow On Holding AG free cash flow

Lululemon Athletica & On Holding AG appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.