Under Armour, Inc. UAA

Consumer discretionary SIC 2300 - Apparel & Other Finishd Prods of Fabrics & Similar Matl NAICS Manufacturing › Apparel Manufacturing derived NYSE

Our principal business activities are the design, development, marketing and global distribution of branded performance apparel, footwear and accessories for men, women and youth. Our performance products are engineered with performance-driven materials and technologies, spanning a wide range of designs and styles for use in diverse climates. Our products are worn by athletes at all levels, from youth to professional, across multiple sports worldwide as well as by consumers who embrace active and performance-oriented lifestyles.

We generate net revenues from the sale of our products to national, regional, independent and specialty retailers and distributors worldwide. We also generate net revenues through our direct-to-consumer channel, which includes our owned Brand and Factory House stores and e-commerce platforms. We are focused on driving sustainable long-term growth and profitability through increased demand for our core product categories, continued expansion of our direct-to-consumer capabilities and strategic development of our global wholesale network.

Last close 4.67 2026-10-23
Market cap $2.00B estimated share count
52-week range 4.13 - 8.15

Valuation FY2025 figures against the last close

P/S0.4x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.16

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Other countries
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 2.6B (51.5%) 51% United States Other countries, FY2025: 2.4B (48.5%) 49% Other countries FY2024 United States, FY2024: 2.8B (54.6%) 55% Other countries, FY2024: 2.3B (45.4%) 45% FY2023 United States, FY2023: 3.2B (55.8%) 56% Other countries, FY2023: 2.5B (44.2%) 44%
Region FY2025FY2024FY2023
United States $2.57B $2.82B $3.17B
Other countries $2.42B $2.35B $2.52B

As the company reported it, from the “SEGMENT DATA - Net Revenues by Geographical Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.97B$5.16B$5.70B$5.90B$5.68B$4.47B$5.27B$5.19B$4.99B$4.83B
Cost of revenue $2.71B$2.69B$3.07B$3.26B$2.82B$2.31B$2.80B$2.85B$2.74B$2.58B
Gross profit $2.26B$2.47B$2.63B$2.64B$2.86B$2.16B$2.47B$2.34B$2.25B$2.25B
SG&A $2.29B$2.60B$2.40B$2.38B$2.34B$2.17B$2.23B$2.18B$2.10B$1.83B
Operating income -$163.1M-$185.2M$229.8M$263.6M$475.2M-$613.4M$236.8M-$25.0M$27.8M$417.5M
Interest expense ——$268.0K$12.8M$44.3M$47.3M$21.2M$33.6M$34.5M$26.4M
Pre-tax income -$200.7M-$204.8M$262.1M$267.9M$379.9M-$492.5M$209.8M-$67.8M-$10.3M$388.3M
Income tax $294.8M$2.9M$30.0M$108.6M$30.2M$49.4M$70.0M$20.6M$38.0M$131.3M
Net income -$495.6M-$201.3M$232.0M$374.5M-$63.1M$351.0M$92.1M-$46.3M-$48.3M$257.0M
EPS, basic -1.16-0.470.530.830.75-1.210.20-0.10-0.11—
EPS, diluted -1.16-0.470.520.810.75-1.210.20-0.10-0.11—
Shares, diluted (wtd. avg.) 426.6M432.2M451.0M461.5M468.6M454.1M454.3M445.8M440.7M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $309.2M$501.4M$858.7M$726.7M$1.02B$1.53B$796.0M$566.1M$318.1M$252.7M
Receivables $681.9M$675.8M$757.3M$758.6M$569.0M$527.3M$708.7M$652.5M$609.7M$622.7M
Inventory $914.8M$945.8M$958.5M$1.19B$811.4M$896.0M$892.3M$1.02B$1.16B$917.5M
Total current assets $2.72B$2.33B$2.86B$2.95B$3.34B$3.22B$2.70B$2.59B$2.34B$1.97B
Property, plant and equipment $599.0M$645.1M$664.5M$644.8M$607.2M$658.7M$792.1M$826.9M$885.8M$804.2M
Goodwill $492.8M$487.6M$478.3M$482.0M$491.5M$502.2M$550.2M$546.5M$555.7M$563.6M
Other intangibles $4.5M$5.2M$7.0M$8.9M$11.0M$13.3M$36.3M$41.8M$47.0M$64.3M
Total assets $4.42B$4.30B$4.76B$4.83B$4.99B$5.03B$4.84B$4.25B$4.01B$3.64B
Accounts payable $420.1M$429.9M$483.7M$648.5M$613.3M$576.0M$618.2M$560.9M$561.1M$409.7M
Short-term debt $599.8M$0$80.9M$0$0$0$0$25.0M$27.0M$27.0M
Total current liabilities $1.68B$1.11B$1.17B$1.36B$1.45B$1.41B$1.42B$1.32B$1.06B$685.8M
Long-term debt $590.6M$595.1M$594.9M$674.5M$662.5M$1.00B$592.7M$703.8M$765.0M$790.4M
Total liabilities $3.00B$2.41B$2.61B$2.86B$2.90B$3.35B$2.69B$2.23B$1.99B$1.61B
Retained earnings $217.4M$746.3M$1.05B$897.3M$1.03B$673.9M$1.23B$1.14B$1.18B$1.26B
Total equity $1.41B$1.89B$2.15B$1.97B$1.71B$1.67B$2.15B$2.02B$2.02B$2.03B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$75.1M-$59.3M$354.0M-$39.9M$660.6M$212.9M$509.0M$628.2M$237.5M$366.6M
Depreciation and amortisation $109.6M$135.8M$142.6M$133.6M$139.2M$154.4M$177.3M$173.4M$164.3M$130.7M
Stock-based compensation $45.6M$53.0M$43.0M$36.8M$43.8M$42.1M$49.6M$41.8M$39.9M$46.1M
Capital expenditure $87.1M$168.7M$150.3M$158.1M$66.0M$92.3M$145.8M$170.4M$281.3M$316.5M
Investing cash flow -$688.8M-$126.3M-$105.3M-$123.1M-$64.6M$66.3M-$147.1M-$202.9M-$283.0M-$381.1M
Financing cash flow $560.6M-$180.8M-$78.7M-$126.4M-$418.7M$436.9M-$137.1M-$189.9M$106.8M$146.1M
Dividends paid ———————$0$0$2.9M
Buybacks $25.0M$90.0M$75.0M$125.0M$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001336917-26-000102.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2016: 4.8B Gross profit, FY2016: 2.2B Net income, FY2016: 257M Revenue, FY2017: 5B Gross profit, FY2017: 2.3B Net income, FY2017: -48.3M Revenue, FY2018: 5.2B Gross profit, FY2018: 2.3B Net income, FY2018: -46.3M Revenue, FY2019: 5.3B Gross profit, FY2019: 2.5B Net income, FY2019: 92.1M Revenue, FY2020: 4.5B Gross profit, FY2020: 2.2B Net income, FY2020: 351M Revenue, FY2021: 5.7B Gross profit, FY2021: 2.9B Net income, FY2021: -63.1M Revenue, FY2022: 5.9B Gross profit, FY2022: 2.6B Net income, FY2022: 374.5M Revenue, FY2023: 5.7B Gross profit, FY2023: 2.6B Net income, FY2023: 232M Revenue, FY2024: 5.2B Gross profit, FY2024: 2.5B Net income, FY2024: -201.3M Revenue, FY2025: 5B Gross profit, FY2025: 2.3B Net income, FY2025: -495.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $4.83B $4.99B $5.19B $5.27B $4.47B $5.68B $5.90B $5.70B $5.16B $4.97B
Gross profit $2.25B $2.25B $2.34B $2.47B $2.16B $2.86B $2.64B $2.63B $2.47B $2.26B
Net income $257.0M -$48.3M -$46.3M $92.1M $351.0M -$63.1M $374.5M $232.0M -$201.3M -$495.6M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Restructuring or exit costs Item 2.05
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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