AS vs UA
Amer Sports, Inc. and Under Armour, Inc., side by side — 5 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AS | UA |
|---|---|---|
| Revenue | $6.6B | $5.0B |
| Net income | $427.4M | $-495.6M |
| Gross margin | 57.6% | 45.5% |
| Net margin | 6.7% | −10.0% |
| Return on equity | 7.9% | −30.0% |
| Diluted EPS | $0.76 | −$1.16 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $513.3M | $-162.2M |
| Equity | $5.8B | $1.4B |
| Net debt / equity | 0.05× | 0.62× |
| Current ratio | 1.50× | 1.62× |
| Revenue CAGR 5y | · | 2.1% |
| Profit CAGR 5y | · | · |
AS bills 1.3× the revenue of UA, and UA closed the last reported year at a loss.
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 | UA |
|---|---|---|
| FY2025 | $6.6B | $5.0B |
| FY2024 | $5.2B | $5.2B |
| FY2023 | $4.4B | $5.7B |
| FY2022 | $3.6B | $5.9B |
| FY2021 | $3.1B | $5.7B |
Bottom line
| Fiscal year | AS | UA |
|---|---|---|
| FY2025 | $427.4M | $-495.6M |
| FY2024 | $72.6M | $-201.3M |
| FY2023 | $-208.6M | $232.0M |
| FY2022 | $-252.7M | $374.5M |
| FY2021 | $-126.3M | $351.0M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,599,830,000 | AS |
| FY2024 | +$18,990,000 | AS |
| FY2023 | −$1,301,479,000 | UA |
| FY2022 | −$2,331,965,000 | UA |
| FY2021 | −$2,616,092,000 | UA |
The higher-revenue side has changed between AS and UA over this period. The gap has narrowed since the earliest year compared.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +16.7 pp | AS |
| FY2024 | +5.4 pp | AS |
| FY2023 | −8.8 pp | UA |
| FY2022 | −13.4 pp | UA |
| FY2021 | −10.3 pp | UA |
The higher net margin has changed hands between AS and UA over this period.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UA's net margin has been more volatile than AS's over the 5 comparable fiscal years — 6.5 percentage points of standard deviation against 5.0.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AS and UA over these 5 fiscal years — AS led in 2 and UA in 3.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.