AS vs LEVI
Amer Sports, Inc. and Levi Strauss & Co., side by side — 5 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AS | LEVI |
|---|---|---|
| Revenue | $6.6B | $6.3B |
| Net income | $427.4M | $578.1M |
| Gross margin | 57.6% | 61.7% |
| Net margin | 6.7% | 9.2% |
| Return on equity | 7.9% | 27.2% |
| Diluted EPS | $0.76 | $1.45 |
| Dividend / share | · | $0.54 |
| Payout ratio | · | 36.8% |
| Free cash flow | $513.3M | $308.2M |
| Equity | $5.8B | $2.3B |
| Net debt / equity | 0.05× | 0.12× |
| Current ratio | 1.50× | 1.55× |
| Revenue CAGR 5y | · | 7.1% |
| Profit CAGR 5y | · | · |
AS and LEVI book revenue within 15% of each other, and LEVI keeps more of each dollar of revenue as profit (9.2% against 6.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
5 years side by side
| Fiscal year | AS | LEVI |
|---|---|---|
| FY2025 | $6.6B | $6.3B |
| FY2024 | $5.2B | $6.0B |
| FY2023 | $4.4B | $5.8B |
| FY2022 | $3.6B | $6.2B |
| FY2021 | $3.1B | $5.8B |
Bottom line
| Fiscal year | AS | LEVI |
|---|---|---|
| FY2025 | $427.4M | $578.1M |
| FY2024 | $72.6M | $210.6M |
| FY2023 | $-208.6M | $249.6M |
| FY2022 | $-252.7M | $569.1M |
| FY2021 | $-126.3M | $553.5M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$284,200,000 | AS |
| FY2024 | −$848,700,000 | LEVI |
| FY2023 | −$1,441,700,000 | LEVI |
| FY2022 | −$2,597,400,000 | LEVI |
| FY2021 | −$2,697,400,000 | LEVI |
The higher-revenue side has changed between AS and LEVI over this period. The gap has narrowed since the earliest year compared.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.5 pp | LEVI |
| FY2024 | −2.0 pp | LEVI |
| FY2023 | −9.0 pp | LEVI |
| FY2022 | −16.3 pp | LEVI |
| FY2021 | −13.7 pp | LEVI |
LEVI has kept the higher net margin in every one of these 5 fiscal years.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AS's net margin has been more volatile than LEVI's over the 5 comparable fiscal years — 5.0 percentage points of standard deviation against 2.7.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
LEVI led in net margin in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.