Tearsheet
Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. UA Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Under Armour (UA)

Market Price (9/17/2025): $4.795 | Market Cap: $2.0 Bil
Sector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods

Under Armour (UA)

Market Price (9/17/2025): $4.795
Market Cap: $2.0 Bil
Sector: Consumer Discretionary
Industry: Apparel, Accessories & Luxury Goods

Investment Highlights

0  Weak multi-year price returns
2Y Excs Rtn is -76%, 3Y Excs Rtn is -102%		 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.6%, Rev Chg QQuarterly Revenue Change % is -4.2%
1   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.3%
0 Weak multi-year price returns
2Y Excs Rtn is -76%, 3Y Excs Rtn is -102%
1 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.6%, Rev Chg QQuarterly Revenue Change % is -4.2%
2 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.3%

Market Valuation

 9/17/252024202320222021
Share Price CYE$4.79$7.46$8.35$8.92$18.04
Market Cap CYE ($ Bil)2.03.23.74.08.6
Total Debt ($ Bil)1.71.31.41.51.5
Total Cash ($ Bil)0.90.50.90.71.7
Enterprise Value ($ Bil)2.84.55.15.510.1
Valuation Ratios     
P/S TTM0.40.60.60.71.5
P/EBIT TTM12.5-25.316.015.315.9
P/E TTM20.2-16.015.810.823.3
Sector Ratios     
P/S TTM (Sector)0.80.80.90.81.3
P/EBIT TTM (Sector)7.26.97.05.57.4
P/E TTM (Sector)9.78.18.97.39.2
 9/17/252024
Share Price CYE$4.79$7.46
Market Cap CYE ($ Bil)2.03.2
Total Debt ($ Bil)1.71.3
Total Cash ($ Bil)0.90.5
Enterprise Value ($ Bil)2.84.5
Valuation Ratios  
P/S TTM0.40.6
P/EBIT TTM12.5-25.3
P/E TTM20.2-16.0
Sector Ratios  
P/S TTM (Sector)0.80.8
P/EBIT TTM (Sector)7.26.9
P/E TTM (Sector)9.78.1

Market Cap Chart

Business Description

Under Armour, Inc., together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
UA Return-22%21%-51%-6%-11%-36%-75%
Peers Return12%10%-30%28%2%-15%-4%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: NKE, LULU, RL, VFC, PVH. See UA Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Interactive Breakdown

Under Armour Interactive Breakdown Analysis

Better Bets than Under Armour (UA)

 UABetter Performance than UA
MetricValueIndustry (Apparel, Accessories & Luxury )
Rev Chg LTM-8.2%TPR (5.1%), LULU (9.2%), RL (9.6%), LEVI (5.6%), GIL (3.1%)
Rev Chg 3Y Avg-3.6%NKE (0.0%), TPR (1.6%), LULU (15.8%), RL (4.8%), LEVI (0.5%)
Op Mgn LTM3.2%NKE (8.0%), TPR (18.1%), LULU (22.9%), RL (14.6%), LEVI (10.8%)
CFO/Rev LTM-3.2%NKE (8.0%), TPR (17.4%), LULU (17.5%), RL (15.6%), LEVI (9.3%)
FCF/Rev LTM-6.3%NKE (7.1%), TPR (15.6%), LULU (10.7%), RL (10.5%), LEVI (5.8%)
Total Yield5.0%LULU (9.2%), RL (5.2%), LEVI (6.3%), GIL (6.5%), KTB (6.3%)
 UABetter Performance than UA
MetricValueAll Other Sectors
Rev Chg LTM-8.2%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), META (19.4%)
Rev Chg 3Y Avg-3.6%NVDA (92.0%), MSFT (12.5%), AAPL (1.8%), GOOGL (10.2%), META (13.0%)
Op Mgn LTM3.2%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM-3.2%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM-6.3%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield5.0%BRK-B (5.9%), JPM (6.6%), XOM (9.7%), JNJ (8.2%), BAC (7.2%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Under Armour Earnings Notes  
2How Does UA Stack Up Against Its Peers?Peer Comparison 
3UA Dip Buy Analysis  
4Under Armour Total Shareholder Return (TSR): -16.7% in 2025 and -30.9% 3-yr compounded annual returns (below peer average)  
5Under Armour (UA) Operating Cash Flow ComparisonFinancials 
6Under Armour (UA) Net Income ComparisonFinancials 
7Under Armour (UA) Operating Income ComparisonFinancials 
8Under Armour (UA) Revenue ComparisonFinancials 
9Day 5 of Loss Streak for Under Armour Stock with -16% Return (vs. -12% YTD) [10/23/2024]Notification 
10Under Armour vs. S&P500 CorrelationCorrelation 
11ARTICLES  
12What’s Next For Under Armour Stock? August 16th, 2024
13Down 20% This Year, Will Under Armour’s Stock Recover Following Q4 Results? May 14th, 2024
14Down 25% This Year Will Under Armour Stock Rebound After Its Q2? November 7th, 2023
15Under Armour Stock Down 24% This Year, What’s Next? August 29th, 2023
16Under Armour Stock Up 28% Over Last Month, What’s Next? January 25th, 2023
Title
0DASHBOARDS
1What’s Next For Under Armour Stock?
2Down 20% This Year, Will Under Armour’s Stock Recover Following Q4 Results?
3Down 25% This Year Will Under Armour Stock Rebound After Its Q2?
4Under Armour Stock Down 24% This Year, What’s Next?
5Under Armour Stock Up 28% Over Last Month, What’s Next?
6ARTICLES
7Under Armour Earnings Notes
8How Does UA Stack Up Against Its Peers?
9UA Dip Buy Analysis
10Under Armour Total Shareholder Return (TSR): -16.7% in 2025 and -30.9% 3-yr compounded annual returns (below peer average)
11Under Armour (UA) Operating Cash Flow Comparison
12Under Armour (UA) Net Income Comparison
13Under Armour (UA) Operating Income Comparison
14Under Armour (UA) Revenue Comparison
15Day 5 of Loss Streak for Under Armour Stock with -16% Return (vs. -12% YTD) [10/23/2024]
16Under Armour vs. S&P500 Correlation

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical11963.5%11963.5%
2GIBOGIBO9734.4% 
3CHSNChanson International7565.0%-99.3%
4LNZALanzaTech Global7287.5%-86.0%
5QMMMQMMM3031.7%6775.0%
6OESXOrion Energy Systems1497.9%22.9%
7CURXCuranex Pharmaceuticals1401.6%1401.6%
8ENTOEntero Therapeutics565.6%117.6%
9PTNMPitanium553.2% 
10WLDSWearable Devices449.5%-30.0%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1CJETChijet Motor-92.2%-95.0%
2STFSStar Fashion Culture-92.2%-97.8%
3ELPWElong Power-91.6%-76.7%
4NXTTNext Technology-89.6%-95.1%
5NAKAKindly MD-89.0% 
6BINIBollinger Innovations-88.9%-100.0%
7JEM707 Cayman-88.4%-98.2%
8YAASYouxin Technology-82.5%-98.3%
9NEONNeonode-82.0%-50.2%
10NVNOenVVeno Medical-81.5%-69.8%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Under Armour

Financials

UANKELULURLVFCPVHMedian
NameUnder Ar.Nike Lululemo.Ralph La.VF PVH  
Mkt Price4.7872.75162.34314.6614.6982.9377.84
Mkt Cap2.0107.419.419.25.74.012.5
Rev LTM5,11546,30910,9047,2869,4968,7789,137
Op Inc LTM1643,7022,4951,067429647857
FCF LTM-3223,2681,168764168516640
FCF 3Y Avg-874,9191,279700168471585
CFO LTM-1633,6981,9121,134300657895
CFO 3Y Avg725,6561,964949346685817

Growth & Margins

UANKELULURLVFCPVHMedian
NameUnder Ar.Nike Lululemo.Ralph La.VF PVH  
Rev Chg LTM-8.2%-9.8%9.2%9.6%-2.3%-1.1%-1.7%
Rev Chg 3Y Avg-3.6%0.0%15.8%4.8%-7.2%-0.9%-0.4%
Rev Chg Q-4.2%-12.0%6.5%13.7%-0.5%4.5%2.0%
QoQ Delta Rev Chg LTM-1.0%-3.2%1.4%2.9%-0.1%1.1%0.5%
Op Mgn LTM3.2%8.0%22.9%14.6%4.5%7.4%7.7%
Op Mgn 3Y Avg2.1%10.6%22.7%13.1%5.3%8.2%9.4%
QoQ Delta Op Mgn LTM5.7%-2.3%-0.5%0.7%0.4%-0.5%-0.0%
CFO/Rev LTM-3.2%8.0%17.5%15.6%3.2%7.5%7.7%
CFO/Rev 3Y Avg1.2%11.3%19.8%13.9%3.6%7.7%9.5%
FCF/Rev LTM-6.3%7.1%10.7%10.5%1.8%5.9%6.5%
FCF/Rev 3Y Avg-1.6%9.8%12.9%10.3%1.9%5.3%7.6%

Valuation

UANKELULURLVFCPVHMedian
NameUnder Ar.Nike Lululemo.Ralph La.VF PVH  
Mkt Cap2.0107.419.419.25.74.012.5
P/S0.42.31.82.60.60.51.2
P/EBIT12.529.07.818.216.018.417.1
P/E20.133.410.924.2-121.38.515.5
P/CFO-12.529.110.216.919.16.113.5
Total Yield5.0%3.0%9.2%5.2%1.6%12.0%5.1%
Dividend Yield0.0%0.0%0.0%1.1%2.4%0.2%0.1%
FCF Yield 3Y Avg-3.0%3.9%3.6%6.0%4.1%10.3%4.0%
D/E0.80.10.10.21.01.10.5
Net D/E0.40.00.00.10.91.00.2

Returns

UANKELULURLVFCPVHMedian
NameUnder Ar.Nike Lululemo.Ralph La.VF PVH  
1M Rtn-4.6%-5.0%-18.2%8.3%13.0%7.9%1.7%
3M Rtn-20.7%21.9%-31.0%18.9%24.6%29.4%20.4%
6M Rtn-23.3%0.4%-49.8%44.2%-6.4%28.1%-3.0%
12M Rtn-35.8%-6.8%-38.8%76.0%-17.5%-13.4%-15.4%
3Y Rtn-34.6%-26.6%-51.3%258.7%-59.0%53.2%-30.6%
1M Excs Rtn-7.0%-7.4%-20.6%5.8%10.5%5.5%-0.8%
3M Excs Rtn-33.2%8.6%-42.2%7.3%9.6%17.8%8.0%
6M Excs Rtn-41.5%-16.5%-66.8%27.6%-25.9%10.6%-21.2%
12M Excs Rtn-48.7%-23.2%-55.7%64.0%-31.0%-29.5%-30.2%
3Y Excs Rtn-102.5%-93.5%-115.9%184.9%-124.8%-24.9%-98.0%

Comparison Analyses

Financials

$ Mil | FY: 3/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/8/20255/22/20252/6/202511/7/20248/8/20245/29/20242/8/202411/8/20238/8/20235/24/20232/8/202311/8/2022
Key Financials Quarterly            
Total Revenue1,1341,1811,4011,3991,1841,3321,4861,5671,3171,3981,5821,574
Ebitda45-1759209-242371051735721177153
Operating Income16-5627176-275-471139221595119
Net Income-3-671170-30571111051015812287
EPS-0.01-0.160.000.39-0.700.020.250.240.020.380.270.19
Key Financials TTM            
Total Revenue TTM5,1155,1645,3165,4015,5695,7025,7685,8645,8715,9035,8065,753
Ebitda TTM29696310973372356427407419444401
Operating Income TTM164-127-74-30-67230248272252264259265
Net Income TTM102-201-127-18-83232384395377374157145
Growth Rates Quarterly            
Total Revenue Growth-4.2%-11.4%-5.7%-10.7%-10.1%-4.7%-6.1%-0.5%-2.4%7.5%3.4%1.8%
EBITDA Growth118.7%-146.9%-44.2%20.8%-523.4%79.8%-40.4%13.0%-17.0%-55.0%32.2%-32.2%
Operating Income Growth105.9%-1485.6%-61.6%26.4%-1324.8%-123.6%-24.6%16.8%-35.0%40.3%-5.6%-36.7%
Net Income Growth99.1%-1127.1%-98.9%62.7%-3151.2%-95.8%-8.9%20.5%30.3%365.5%10.9%-23.4%
Margins Quarterly            
EBITDA Margin4.0%-1.5%4.2%14.9%-20.4%2.8%7.1%11.0%4.3%1.5%11.2%9.7%
Operating Income Margin1.4%-4.8%2.0%12.6%-23.2%-0.3%4.8%8.9%1.7%1.1%6.0%7.6%
Net Income Margin-0.2%-5.7%0.1%12.2%-25.8%0.5%7.5%6.7%0.8%11.3%7.7%5.5%
Cash & Debt            
Total Cash9115017275318858591,040656704711850854
Total Debt1,6761,2991,3051,3321,3431,4431,4741,4721,4921,5211,5191,511
Net Debt / (Cash)765798578801458584434816788810670657
Cash Flows Quarterly            
FCF from Operations49-202311-321153-12342161-6-11477-90
Cash Flows TTM            
FCF from Operations TTM-163-592013051335436318-133-40-247131
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-02525-040-02550-0-07525
Return on Invested Capital (ROIC) Quarterly            
ROIC1.7%-9.8%1.1%36.7%-69.5%-0.8%17.4%22.9%3.4%3.2%19.0%21.7%
Return on Invested Capital (ROIC) TTM            
ROIC TTM8.6%-6.5%-4.3%-1.6%-4.3%12.0%16.3%14.2%13.5%14.0%11.1%12.5%

Segment Financials

Revenue by Segment

$ Mil20252024202320212020
Apparel3,7893,8718763,8402,883
Footwear1,3841,4552971,264934
Accessories40640997462414
License revenues11111727113106
Corporate Other125144138
Total5,7025,9031,3015,6834,475


Price Behavior

UA Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta-0.110.600.581.171.081.38
Up Beta1.840.421.041.251.241.53
Down Beta1.140.651.241.381.061.19
Up Capture-247%-94%-51%52%51%164%
Bmk +ve Days10223571142415
Stock +ve Days9182758106353
Down Capture102%281%132%114%112%107%
Bmk -ve Days11192754106334
Stock -ve Days12223262129372

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity20,124,302
Short Interest: % Change Since 815202522.0%
Average Daily Volume6,806,122
Days-to-Cover Short Interest2.96
Basic Shares Quantity427,116,000
Short % of Basic Shares4.7%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/8/2025-17.2%-24.1%-21.5%
5/13/20251.7%5.3%11.4%
2/6/2025-4.6%-10.4%-12.7%
11/7/202423.3%9.1%12.3%
8/8/202418.3%22.2%19.6%
5/16/2024-0.3%1.4%-2.0%
2/8/2024-0.3%8.0%7.5%
11/8/20234.5%6.7%18.7%
...
SUMMARY STATS   
# Positive111311
# Negative131113
Median Positive6.2%8.0%11.4%
Median Negative-8.4%-16.0%-12.1%
Max Positive23.3%22.2%42.1%
Max Negative-25.9%-27.1%-45.0%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025808202510-Q 6/30/2025
3312025522202510-K 3/31/2025
12312024206202510-Q 12/31/2024
93020241107202410-Q 9/30/2024
6302024808202410-Q 6/30/2024
3312024529202410-K 3/31/2024
12312023208202410-Q 12/31/2023
93020231108202310-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023524202310-K 3/31/2023
12312022208202310-Q 12/31/2022
93020221108202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022509202210-QT 3/31/2022
12312021223202210-K 12/31/2021
93020211104202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Sweeney Robert John 8212025Buy4.88100,000488,200652,703Form
1El-Erian Mohamed 8192025Buy5.20100,000519,960580,535Form
2Aumen Eric JChief Accounting Officer8142025Buy4.892,04510,000448,872Form
3Fitzpatrick Dawn N. 8142025Buy4.93100,000493,000659,120Form
4Bergman DavidChief Financial Officer12032024Sell9.0930,000272,6044,490,787Form

External Quote Links


Prefer one of these to Trefis? Tell us why.