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LULU Operating ROA

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As of Q3'26 (2025-11-02), LULU's latest data shows ROE at 6.8%, ROA at 3.9%, and no available ROIC data for this period. These figures represent a decline from the previous quarter, with both ROE and ROA dropping from 8.5% and 4.9% respectively. Over the period from Q4'23 to Q3'26, the chart reveals a cyclical pattern for all three metrics, with notable peaks in Q4 of each fiscal year—ROE reached 17.3% in Q4'25 and ROA peaked at 9.8% in the same quarter. However, these highs are typically followed by sharp declines in subsequent quarters, indicating seasonality in LULU's operating returns. ROIC data is only available through Q3'25, showing a similar seasonal trend, peaking at 11.7% in Q4'24 before declining. Overall, the trend suggests strong year-end performance but persistent volatility and retracement in the following quarters.