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Levi Strauss vs Under Armour: revenue, profit, margins and growth compared

Levi Strauss brought in $6.3B of revenue in fiscal 2025, Under Armour $5B in fiscal 2026. Revenue changed by +4.1% at Levi Strauss and -3.8% at Under Armour on the year before, so Levi Strauss grew faster. Levi Strauss kept 9.2% of its revenue as net profit, Under Armour -10.0%. Free cash flow was $308.2M at Levi Strauss and -$162.2M at Under Armour.

Side by side, latest fiscal year

LEVIUAA
Fiscal year endedFY2025 (November 30, 2025)FY2026 (March 31, 2026)
Revenue$6.3B$5B
Revenue growth+4.1%-3.8%
Net income$578.1M-$495.6M
Net margin9.2%-10.0%
Free cash flow$308.2M-$162.2M
Free cash flow margin4.9%-3.3%
Earnings per share (diluted)$1.45-$1.16
Cash$757.9M$309.2M
Debt$1B$1.2B
Price to earnings13.6n/a
Market value$7.6B$1.9B
Dividend yield2.74%n/a
Rank by revenue in sector#172 of 778 · Consumer discretionary#204 of 778 · Consumer discretionary

Over the years

Revenue
LEVI FY2018: $5.6BLEVI FY2019: $5.8BLEVI FY2020: $4.5BLEVI FY2021: $5.8BLEVI FY2022: $6.2BLEVI FY2023: $5.8BLEVI FY2024: $6BLEVI FY2025: $6.3BUAA FY2018: $5.2BUAA FY2019: $5.3BUAA FY2020: $4.5BUAA FY2021: $5.7BUAA FY2023: $5.9BUAA FY2024: $5.7BUAA FY2025: $5.2BUAA FY2026: $5BFY18FY19FY20FY21FY22FY23FY24FY25FY26
LEVI $6.3BUAA $5B
Net income
LEVI FY2018: $283.1MLEVI FY2019: $394.6MLEVI FY2020: -$127.1MLEVI FY2021: $553.5MLEVI FY2022: $569.1MLEVI FY2023: $249.6MLEVI FY2024: $210.6MLEVI FY2025: $578.1MUAA FY2018: -$46.3MUAA FY2019: $92.1MUAA FY2020: -$549.2MUAA FY2021: $351MUAA FY2023: $374.5MUAA FY2024: $232MUAA FY2025: -$201.3MUAA FY2026: -$495.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LEVI $578.1MUAA -$495.6M
Net margin
LEVI FY2018: 5.1%LEVI FY2019: 6.8%LEVI FY2020: -2.9%LEVI FY2021: 9.6%LEVI FY2022: 9.2%LEVI FY2023: 4.3%LEVI FY2024: 3.5%LEVI FY2025: 9.2%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%FY18FY19FY20FY21FY22FY23FY24FY25FY26
LEVI 9.2%UAA -10.0%
Revenue growth
LEVI FY2019: +3.4%LEVI FY2020: -22.7%LEVI FY2021: +29.5%LEVI FY2022: +7.0%LEVI FY2023: -5.3%LEVI FY2024: +3.3%LEVI FY2025: +4.1%UAA FY2019: +1.4%UAA FY2020: -15.0%UAA FY2021: +27.0%UAA FY2024: -3.4%UAA FY2025: -9.4%UAA FY2026: -3.8%FY19FY20FY21FY22FY23FY24FY25FY26
LEVI +4.1%UAA -3.8%
Free cash flow
LEVI FY2018: $261MLEVI FY2019: $236.8MLEVI FY2020: $339.2MLEVI FY2021: $570.4MLEVI FY2022: -$39MLEVI FY2023: $121.9MLEVI FY2024: $670.9MLEVI FY2025: $308.2MUAA FY2018: $457.8MUAA FY2019: $363.2MUAA FY2020: $120.6MUAA FY2021: $594.5MUAA FY2023: -$198MUAA FY2024: $203.6MUAA FY2025: -$228MUAA FY2026: -$162.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LEVI $308.2MUAA -$162.2M

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

Questions about Levi Strauss and Under Armour

Which is bigger by revenue, Levi Strauss or Under Armour?

Levi Strauss is bigger by revenue: $6.3B in fiscal 2025, against $5B for Under Armour in fiscal 2026.

Which keeps more of its revenue as profit, Levi Strauss or Under Armour?

Levi Strauss had a net margin of 9.2% in fiscal 2025; Under Armour had -10.0% in fiscal 2026.

Which grew revenue faster, Levi Strauss or Under Armour?

In their latest fiscal years revenue changed by +4.1% at Levi Strauss 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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