LEVI vs UA
Levi Strauss & Co. and Under Armour, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LEVI | UA |
|---|---|---|
| Revenue | $6.3B | $5.0B |
| Net income | $578.1M | $-495.6M |
| Gross margin | 61.7% | 45.5% |
| Net margin | 9.2% | −10.0% |
| Return on equity | 27.2% | −30.0% |
| Diluted EPS | $1.45 | −$1.16 |
| Dividend / share | $0.54 | · |
| Payout ratio | 36.8% | · |
| Free cash flow | $308.2M | $-162.2M |
| Equity | $2.3B | $1.4B |
| Net debt / equity | 0.12× | 0.62× |
| Current ratio | 1.55× | 1.62× |
| Revenue CAGR 5y | 7.1% | 2.1% |
| Profit CAGR 5y | · | · |
LEVI 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.
10 years side by side
| Fiscal year | LEVI | UA |
|---|---|---|
| FY2025 | $6.3B | $5.0B |
| FY2024 | $6.0B | $5.2B |
| FY2023 | $5.8B | $5.7B |
| FY2022 | $6.2B | $5.9B |
| FY2021 | $5.8B | $5.7B |
| FY2020 | $4.5B | $4.5B |
| FY2019 | $5.8B | $5.3B |
| FY2018 | $5.6B | $5.2B |
| FY2017 | $4.9B | $5.0B |
| FY2016 | $4.6B | $4.8B |
Bottom line
| Fiscal year | LEVI | UA |
|---|---|---|
| FY2025 | $578.1M | $-495.6M |
| FY2024 | $210.6M | $-201.3M |
| FY2023 | $249.6M | $232.0M |
| FY2022 | $569.1M | $374.5M |
| FY2021 | $553.5M | $351.0M |
| FY2020 | $-127.1M | $-549.2M |
| FY2019 | $394.6M | $92.1M |
| FY2018 | $283.1M | $-46.3M |
| FY2017 | $281.4M | $-48.3M |
| FY2016 | $291.1M | $257.0M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,315,630,000 | LEVI |
| FY2024 | +$867,690,000 | LEVI |
| FY2023 | +$140,221,000 | LEVI |
| FY2022 | +$265,435,000 | LEVI |
| FY2021 | +$81,308,000 | LEVI |
| FY2020 | −$22,067,000 | UA |
| FY2019 | +$495,955,000 | LEVI |
| FY2018 | +$382,255,000 | LEVI |
| FY2017 | −$85,214,000 | UA |
| FY2016 | −$280,599,000 | UA |
| FY2015 | +$531,180,000 | LEVI |
| FY2014 | +$1,669,622,000 | LEVI |
| FY2013 | +$2,349,640,000 | LEVI |
| FY2012 | +$2,775,272,000 | LEVI |
| FY2011 | +$3,288,882,000 | LEVI |
| FY2010 | +$3,346,722,000 | LEVI |
| FY2009 | +$3,249,355,000 | LEVI |
The higher-revenue side has changed between LEVI and UA over this period. The gap has narrowed since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +19.2 pp | LEVI |
| FY2024 | +7.4 pp | LEVI |
| FY2023 | +0.2 pp | LEVI |
| FY2022 | +2.9 pp | LEVI |
| FY2021 | +3.4 pp | LEVI |
| FY2020 | +9.4 pp | LEVI |
| FY2019 | +5.1 pp | LEVI |
| FY2018 | +6.0 pp | LEVI |
| FY2017 | +6.8 pp | LEVI |
| FY2016 | +1.1 pp | LEVI |
| FY2015 | −1.2 pp | UA |
| FY2014 | −4.6 pp | UA |
| FY2013 | −2.1 pp | UA |
| FY2012 | −4.0 pp | UA |
| FY2011 | −3.7 pp | UA |
| FY2010 | −3.0 pp | UA |
| FY2009 | −1.8 pp | UA |
The higher net margin has changed hands between LEVI and UA over this period.
17 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 LEVI's over the 17 comparable fiscal years — 5.9 percentage points of standard deviation against 2.9.
17 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 LEVI and UA over these 17 fiscal years — LEVI led in 10 and UA in 7.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LEVI's return on equity has been more volatile than UA's over the 12 comparable fiscal years — 25.7 percentage points of standard deviation against 16.7.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
LEVI led in return on equity in every one of the 12 comparable fiscal years — a structural lead, not a recent swing.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.