Stocks Consumer discretionary AS
NYSE · Consumer discretionaryAmer Sports, Inc. (AS)
Amer Sports, Inc. reported revenue of $6.6B in fiscal 2025, up 26.7% from a year earlier. Net income was $427.4M, a net margin of 6.5%. Operating cash flow minus capital spending left $513.3M of free cash flow in fiscal 2025. At December 31, 2025 it held $652.3M in cash against $935.1M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on February 26, 2026.
Key facts about Amer Sports, Inc.
- Net worth
- Amer Sports, Inc. has a market value (market cap) of $18.1B at the latest share price, and shareholders' equity of $5.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $6.6B (+26.7% year on year), with net income of $427.4M.
- Cash flow
- In fiscal 2025 operations brought in $729.8M of cash; after $216.5M of capital spending, free cash flow was $513.3M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on February 26, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Amer Sports, Inc. does
Amer Sports, Inc. is registered with the SEC under industry code SIC 2300 (Apparel & Other Finishd Prods of Fabrics & Similar Matl). Its shares trade on NYSE under the ticker AS.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $6.6B | $427.4M | $0.76 | $513.3M |
| 2024 | $5.2B | $72.6M | $0.14 | $195.6M |
| 2023 | $4.4B | -$208.6M | -$0.54 | $75.4M |
| 2023 | $3.6B | -$252.7M | -$0.66 | -$169.4M |
| 2021 | $3.1B | -$126.3M | -$0.33 | $207.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AS ranks in Consumer discretionary
Latest SEC filings
What Amer Sports, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Passive stake (5% or more) SCHEDULE 13G
- October 16, 2026
- September 16, 2026
- August 24, 2026Activist stake changed SCHEDULE 13D/A
- August 18, 2026
- August 18, 2026
- May 19, 2026
- May 19, 2026
- May 14, 2026
- April 1, 2026
Insider trades
What the people running Amer Sports, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $3.2M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 15, 2026 | Chen Wen-Chang (Victor)Chief Strategy Officer | Exercised options | 402,495 | $3.1M |
| September 15, 2026 | Chen Wen-Chang (Victor)Chief Strategy Officer | Sold | 117,461 | $3.1M |
| September 2, 2026 | Page Andrew EChief Financial Officer | Sold | 2,022 | $57.9K |
| September 1, 2026 | Page Andrew EChief Financial Officer | Exercised options | 4,514 | - |
| June 3, 2026 | Zheng Jie (James)Chief Executive Officer, Director | Exercised options | 500,000 | $3.8M |
| June 3, 2026 | Zheng Jie (James)Chief Executive Officer, Director | Sold | 500,000 | $17.2M |
| June 1, 2026 | Chen Wen-Chang (Victor)Chief Strategy Officer | Sold | 13,075 | $465.8K |
| June 1, 2026 | Haselden StuartCEO of Arc'teryx Equipment | Exercised options | 200,000 | $2.5M |
Who owns AS
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| ANTA Sports Products Limited13D, may seek influence with 3 related filers | 42.5% | December 10, 2024 |
| Dennis J. Wilson13D, may seek influence with 4 related filers | 18% | August 26, 2025 |
| FountainVest China Capital Partners GP3 Ltd.13D, may seek influence with 2 related filers | 6.1% | June 2, 2025 |
| Fmr LLC13G, passive with 1 related filers | 5.6% | November 5, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 350 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| FountainVest China Capital Partners GP3 Ltd. | 34,099,348 | 0 |
| Fmr LLC | 27,503,726 | +2,448,010 |
| Point72 Asset Management, L.P. | 9,722,736 | -190,615 |
| Westfield Capital Management Co LP | 6,344,923 | +2,407,402 |
| Viking Global Investors LP | 5,954,351 | -1,316,125 |
| Marshall Wace, Llp | 5,764,535 | +836,980 |
| BlackRock, Inc. | 5,062,244 | +1,354,537 |
| D. E. Shaw & Co., Inc. | 4,243,066 | -1,691,545 |
| Morgan Stanley | 3,925,450 | +496,166 |
| Avala Global LP | 3,422,412 | -933,100 |
| Brown Advisory Inc | 3,404,839 | -161,095 |
| Junto Capital Management LP | 3,099,673 | +2,646,364 |
| Goldman Sachs Group Inc | 2,683,319 | +850,150 |
| Norges Bank | 2,325,877 | new |
| Temasek Holdings (Private) Ltd | 2,308,829 | -1,356,328 |
| Man Group plc | 2,271,923 | +1,384,408 |
| Anomaly Capital Management, LP | 2,039,960 | +761,536 |
| Qube Research & Technologies Ltd | 1,982,009 | +689,418 |
| Deutsche Bank AG\ | 1,916,189 | -539,713 |
| State Street Corp | 1,826,840 | +121,316 |
Insiders
8 insiders reported holding 1,813,958 shares in total, about $58.9M at the last price.
| Holder | Shares |
|---|---|
| Zheng Jie (James)Chief Executive Officer, Director | 1,262,385 |
| Chen Wen-Chang (Victor)Chief Strategy Officer | 434,855 |
| Yiu Kin Wah StephenDirector | 31,338 |
| Teffner Carrie W.Director | 22,338 |
| Spear Catherine EvaDirector | 22,338 |
| Salzer BrunoDirector | 22,338 |
| Karlsson Jutta CGeneral Counsel | 11,791 |
| Page Andrew EChief Financial Officer | 6,575 |
Questions about AS
What does Amer Sports, Inc. do?
Amer Sports, Inc. is a company in the Consumer discretionary sector, listed on NYSE as AS. Its shares trade on NYSE under the ticker AS.
What is Amer Sports, Inc.'s net worth?
Amer Sports, Inc. has a market value (market cap) of $18.1B at the latest share price, and shareholders' equity of $5.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Amer Sports, Inc. profitable?
Yes. In fiscal 2025 it reported net income of $427.4M on revenue of $6.6B, a net margin of 6.5%.
How much revenue does Amer Sports, Inc. make?
In fiscal 2025 Amer Sports, Inc. reported revenue of $6.6B. That is 26.7% more than a year earlier.
When did Amer Sports, Inc. last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on February 26, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the passive stake (5% or more) from November 5, 2026.
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Where the numbers come from
Financial figures are the values Amer Sports, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.