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Amer Sports vs Under Armour: revenue, profit, margins and growth compared

Amer Sports brought in $6.6B of revenue in fiscal 2025, Under Armour $5B in fiscal 2026. Revenue changed by +26.7% at Amer Sports and -3.8% at Under Armour on the year before, so Amer Sports grew faster. Amer Sports kept 6.5% of its revenue as net profit, Under Armour -10.0%. Free cash flow was $513.3M at Amer Sports and -$162.2M at Under Armour.

Side by side, latest fiscal year

ASUAA
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 31, 2026)
Revenue$6.6B$5B
Revenue growth+26.7%-3.8%
Net income$427.4M-$495.6M
Net margin6.5%-10.0%
Free cash flow$513.3M-$162.2M
Free cash flow margin7.8%-3.3%
Earnings per share (diluted)$0.76-$1.16
Cash$652.3M$309.2M
Debt$935.1M$1.2B
Price to earningsn/an/a
Market value$15.5B$1.9B
Dividend yieldn/an/a
Rank by revenue in sector#162 of 778 · Consumer discretionary#204 of 778 · Consumer discretionary

Over the years

Revenue
AS FY2021: $3.1BAS FY2023: $3.6BAS FY2023: $4.4BAS FY2024: $5.2BAS FY2025: $6.6BUAA FY2018: $5.2BUAA FY2019: $5.3BUAA FY2020: $4.5BUAA FY2021: $5.7BUAA FY2023: $5.9BUAA FY2024: $5.7BUAA FY2025: $5.2BUAA FY2026: $5BFY18FY19FY20FY21FY23FY24FY25FY26
AS $6.6BUAA $5B
Net income
AS FY2021: -$126.3MAS FY2023: -$252.7MAS FY2023: -$208.6MAS FY2024: $72.6MAS FY2025: $427.4MUAA FY2018: -$46.3MUAA FY2019: $92.1MUAA FY2020: -$549.2MUAA FY2021: $351MUAA FY2023: $374.5MUAA FY2024: $232MUAA FY2025: -$201.3MUAA FY2026: -$495.6MFY18FY19FY20FY21FY23FY24FY25FY26
AS $427.4MUAA -$495.6M
Net margin
AS FY2021: -4.1%AS FY2023: -7.1%AS FY2023: -4.7%AS FY2024: 1.4%AS FY2025: 6.5%UAA FY2018: -0.9%UAA FY2019: 1.7%UAA FY2020: -12.3%UAA FY2021: 6.2%UAA FY2023: 6.3%UAA FY2024: 4.1%UAA FY2025: -3.9%UAA FY2026: -10.0%FY18FY19FY20FY21FY23FY24FY25FY26
AS 6.5%UAA -10.0%
Revenue growth
AS FY2023: +16.5%AS FY2023: +23.2%AS FY2024: +17.8%AS FY2025: +26.7%UAA FY2019: +1.4%UAA FY2020: -15.0%UAA FY2021: +27.0%UAA FY2024: -3.4%UAA FY2025: -9.4%UAA FY2026: -3.8%FY19FY20FY21FY23FY24FY25FY26
AS +26.7%UAA -3.8%
Free cash flow
AS FY2021: $207.3MAS FY2023: -$169.4MAS FY2023: $75.4MAS FY2024: $195.6MAS FY2025: $513.3MUAA FY2018: $457.8MUAA FY2019: $363.2MUAA FY2020: $120.6MUAA FY2021: $594.5MUAA FY2023: -$198MUAA FY2024: $203.6MUAA FY2025: -$228MUAA FY2026: -$162.2MFY18FY19FY20FY21FY23FY24FY25FY26
AS $513.3MUAA -$162.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Amer Sports and Under Armour

Which is bigger by revenue, Amer Sports or Under Armour?

Amer Sports is bigger by revenue: $6.6B in fiscal 2025, against $5B for Under Armour in fiscal 2026.

Which keeps more of its revenue as profit, Amer Sports or Under Armour?

Amer Sports had a net margin of 6.5% in fiscal 2025; Under Armour had -10.0% in fiscal 2026.

Which grew revenue faster, Amer Sports or Under Armour?

In their latest fiscal years revenue changed by +26.7% at Amer Sports and -3.8% at Under Armour.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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