Tearsheet

Under Armour (UA)

Market Price (10/27/2025): $4.66 | Market Cap: $2.0 Bil
Sector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods

Under Armour (UA)

Market Price (10/27/2025): $4.66
Market Cap: $2.0 Bil
Sector: Consumer Discretionary
Industry: Apparel, Accessories & Luxury Goods

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1%	Weak multi-year price returns 2Y Excs Rtn is -92%, 3Y Excs Rtn is -109%	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	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1%
1	Weak multi-year price returns 2Y Excs Rtn is -92%, 3Y Excs Rtn is -109%
2	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%
3	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 & Key Metrics

Valuation
Key Metrics

	10/27/25	2024	2023	2022	2021
Share Price CYE	$4.66	$7.46	$8.35	$8.92	$18.04
Market Cap CYE ($ Bil)	2.0	3.2	3.7	4.0	8.6
Total Debt ($ Bil)	1.7	1.3	1.4	1.5	1.5
Total Cash ($ Bil)	0.9	0.5	0.9	0.7	1.7
Enterprise Value ($ Bil)	2.8	4.5	5.1	5.5	10.1
Valuation Ratios
P/S TTM	0.4	0.6	0.6	0.7	1.5
P/EBIT TTM	12.2	-25.3	16.0	15.3	15.9
P/E TTM	19.6	-16.0	15.8	10.8	23.3
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.3
P/EBIT TTM (Sector)	7.0	6.8	7.0	5.6	7.5
P/E TTM (Sector)	9.2	7.7	9.0	7.4	9.2

	10/27/25	2024
Share Price CYE	$4.66	$7.46
Market Cap CYE ($ Bil)	2.0	3.2
Total Debt ($ Bil)	1.7	1.3
Total Cash ($ Bil)	0.9	0.5
Enterprise Value ($ Bil)	2.8	4.5
Valuation Ratios
P/S TTM	0.4	0.6
P/EBIT TTM	12.2	-25.3
P/E TTM	19.6	-16.0
Sector Ratios
P/S TTM (Sector)	0.8	0.8
P/EBIT TTM (Sector)	7.0	6.8
P/E TTM (Sector)	9.2	7.7

	UA	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	5.1
Rev Chg Q	-4.2%	6.4%
Rev Chg LTM	-8.2%	5.3%
Rev Chg 3Y Avg	-3.6%	5.4%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	-0.2
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	3.2%	18.7%
CFO/Rev LTM	-3.2%	20.5%
Net Inc Mgn	2.0%	12.7%
VALUATION	LOW
P/S	0.4	3.3
P/CFO	-12.2	16.1
P/FCF	-6.2	20.9
P/E	19.6	24.0
STABILITY	GOOD
Debt/Equity	0.84	0.21
Cash/Assets	0.19	0.07

UA Stock

Return (1M):

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
UA Return	-22%	21%	-51%	-6%	-11%	-38%	-76%
Peers Return	12%	10%	-30%	28%	2%	-11%	-0%
S&P 500 Return	16%	27%	-19%	24%	23%	15%	110%
Monthly Win Rates [3]
UA Win Rate	58%	58%	33%	50%	50%	33%
Peers Win Rate	50%	48%	32%	58%	52%	49%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
UA Max Drawdown	-64%	-1%	-67%	-33%	-26%	-39%
Peers Max Drawdown	-50%	-13%	-47%	-16%	-31%	-41%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: NKE, LULU, RL, VFC, PVH. See UA Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/24/2025 (YTD)

How Low Can It Go

Unique Key	Event	UA	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-73.8%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	282.3%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-64.2%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	179.7%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	335 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-61.2%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	158.0%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days

Compare to NKE, LULU, RL, VFC, PVH

In The Past

Under Armour's stock fell -73.8% during the 2022 Inflation Shock from a high on 11/19/2021. A -73.8% loss requires a 282.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Under Armour (UA)

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. In addition, the company offers accessories, which include gloves, bags, headwear, and sports masks; and digital subscription and advertising services under the MapMyRun and MapMyRide platforms. It primarily offers its products under the UNDER ARMOUR, UA, HEATGEAR, COLDGEAR, HOVR, PROTECT THIS HOUSE, I WILL, UA Logo, ARMOUR FLEECE, and ARMOUR BRA brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of 422 brand and factory house stores, as well as through e-commerce websites. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. Under Armour, Inc. was incorporated in 1996 and is headquartered in Baltimore, Maryland.

Interactive Breakdown

Under Armour Interactive Breakdown Analysis

Better Bets than Under Armour (UA)

	UA	Better Performance than UA
Metric	Value	Industry (Apparel, Accessories & Luxury )
Rev Chg LTM	-8.2%	NKE (-7.1%), TPR (5.1%), LULU (9.2%), RL (9.6%), GIL (3.1%)
Rev Chg 3Y Avg	-3.6%	NKE (-0.3%), TPR (1.6%), LULU (15.8%), RL (4.8%), GIL (1.9%)
Op Mgn LTM	3.2%	NKE (7.4%), TPR (18.1%), LULU (22.9%), RL (14.6%), GIL (19.5%)
CFO/Rev LTM	-3.2%	NKE (7.6%), TPR (17.4%), LULU (17.5%), RL (15.6%), GIL (11.8%)
FCF/Rev LTM	-6.3%	NKE (6.5%), TPR (15.6%), LULU (10.7%), RL (10.5%), GIL (7.8%)
Total Yield	5.1%	LULU (8.4%), GIL (5.9%), LEVI (9.3%), KTB (5.9%), PVH (11.6%)

	UA	Better Performance than UA
Metric	Value	Sector (Consumer Discretionary)
Rev Chg LTM	-8.2%	AMZN (10.9%), TSLA (-1.6%), BABA (5.3%), HD (8.5%), TM (4.5%)
Rev Chg 3Y Avg	-3.6%	AMZN (11.3%), TSLA (9.3%), BABA (5.5%), HD (2.2%), TM (15.2%)
Op Mgn LTM	3.2%	AMZN (11.4%), TSLA (5.1%), BABA (14.6%), HD (13.1%), TM (9.6%)
CFO/Rev LTM	-3.2%	AMZN (18.1%), TSLA (16.5%), BABA (15.0%), HD (10.8%), TM (10.1%)
FCF/Rev LTM	-6.3%	AMZN (2.0%), TSLA (7.1%), BABA (15.0%), HD (8.6%), TM (-0.2%)
Total Yield	5.1%	BABA (36.1%), HD (6.2%), TM (2036.8%), MCD (6.1%), LOW (7.0%)

	UA	Better Performance than UA
Metric	Value	All Other Sectors
Rev Chg LTM	-8.2%	NVDA (71.6%), AAPL (6.0%), MSFT (14.9%), GOOGL (13.1%), META (19.4%)
Rev Chg 3Y Avg	-3.6%	NVDA (92.0%), AAPL (1.8%), MSFT (12.5%), GOOGL (10.2%), META (13.0%)
Op Mgn LTM	3.2%	NVDA (58.1%), AAPL (31.9%), MSFT (45.6%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM	-3.2%	NVDA (46.6%), AAPL (26.6%), MSFT (48.3%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM	-6.3%	NVDA (43.6%), AAPL (23.5%), MSFT (25.4%), GOOGL (18.0%), META (30.7%)
Total Yield	5.1%	JPM (6.7%), XOM (9.7%), JNJ (8.1%), BAC (6.9%), UNH (8.8%)

		Best Bets In Consumer Discretionary Sector
	UA	ABNB	BKNG	MCD	LOPE	PRDO	ALSN	CROX	GRMN	WH	YUM
What You Pay
P/E	19.5	30.0	34.7	26.0	25.8	16.0	9.1	19.5	30.7	16.9	27.9
P/EBIT	12.1	30.2	21.4	18.1	20.2	11.7	6.8	17.0	27.4	10.0	16.3
What You Get
Rev Chg Q	-4.2%	12.7%	16.0%	5.4%	8.8%	26.6%	-0.2%	3.4%	20.4%	-3.5%	9.6%
Rev Chg LTM	-8.2%	10.2%	11.7%	1.2%	6.5%	6.3%	2.7%	2.0%	19.6%	3.4%	11.3%
Rev Chg 3Y Avg	-3.6%	16.3%	19.9%	3.4%	5.8%	1.7%	8.0%	14.5%	11.0%	-2.5%	5.9%
FCF/Rev 3Y Avg	-1.6%	40.5%	34.6%	27.2%	22.6%	21.0%	20.9%	19.8%	19.4%	19.0%	19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

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

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

Trade Ideas

Select past ideas related to UA. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ANF_9302025_Dip_Buyer_FCFYield	09302025	ANF	Abercrombie & Fitch	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-17.6%	-17.6%	-22.1%
DECK_9302025_Dip_Buyer_FCFYield	09302025	DECK	Deckers Outdoor	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-14.2%	-14.2%	-14.2%
CHH_9302025_Dip_Buyer_ValueBuy	09302025	CHH	Choice Hotels International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-9.0%	-9.0%	-9.0%
VAC_9302025_Dip_Buyer_ValueBuy	09302025	VAC	Marriott Vacations Worldwide	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	5.9%	5.9%	-6.1%
FUN_9302025_Short_Squeeze	09302025	FUN	Six Flags Entertainment	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	13.2%	13.2%	-11.7%
UA_5312022_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	05312022	UA	Under Armour	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	-11.9%	-32.2%	-39.0%
UA_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312020	UA	Under Armour	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	21.2%	129.0%	-14.5%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ANF_9302025_Dip_Buyer_FCFYield	09302025	ANF	Abercrombie & Fitch	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-17.6%	-17.6%	-22.1%
DECK_9302025_Dip_Buyer_FCFYield	09302025	DECK	Deckers Outdoor	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-14.2%	-14.2%	-14.2%
CHH_9302025_Dip_Buyer_ValueBuy	09302025	CHH	Choice Hotels International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-9.0%	-9.0%	-9.0%
VAC_9302025_Dip_Buyer_ValueBuy	09302025	VAC	Marriott Vacations Worldwide	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	5.9%	5.9%	-6.1%
FUN_9302025_Short_Squeeze	09302025	FUN	Six Flags Entertainment	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	13.2%	13.2%	-11.7%
UA_5312022_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	05312022	UA	Under Armour	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	-11.9%	-32.2%	-39.0%
UA_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312020	UA	Under Armour	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	21.2%	129.0%	-14.5%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	102.0%	272.0%
2	MOFG	MidWestOne Financial	39.4%	39.2%
3	FLNC	Fluence Energy	21.8%	22.9%
4	CIFR	Cipher Mining	19.7%	345.3%
5	CLOV	Clover Health Investments	19.4%	21.3%
6	FIX	Comfort Systems USA	19.0%	132.2%
7	GRND	Grindr	18.9%	-15.6%
8	GOSS	Gossamer Bio	18.7%	174.2%
9	HIVE	HIVE Digital Technologies	17.8%	111.6%
10	WYFI	Whitefiber	17.4%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	PMI	Picard Medical	-59.8%	8328.6%
2	DECK	Deckers Outdoor	-15.2%	-57.2%
3	COUR	Coursera	-12.9%	8.2%
4	MXL	MaxLinear	-10.8%	-21.0%
5	GNTX	Gentex	-10.2%	-16.1%
6	ULH	Universal Logistics	-9.2%	-61.0%
7	MRTN	Marten Transport	-9.1%	-36.8%
8	WRLD	World Acceptance	-8.9%	25.6%
9	BAH	Booz Allen Hamilton	-8.9%	-27.9%
10	SNDX	Syndax Pharmaceuticals	-7.8%	2.3%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	VICR	Vicor	57.5%	87.2%
2	INBX	Inhibrx Biosciences	53.8%	272.0%
3	CLB	Core Laboratories	48.7%	-2.4%
4	BALY	Ballys	46.2%	6.8%
5	MOFG	MidWestOne Financial	43.2%	39.2%
6	NUVB	Nuvation Bio	42.2%	82.3%
7	CLOV	Clover Health Investments	41.0%	21.3%
8	CELC	Celcuity	36.6%	442.2%
9	WGO	Winnebago Industries	33.6%	-12.7%
10	GTX	Garrett Motion	33.3%	91.3%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-45.4%	8328.6%
2	ITGR	Integer	-30.4%	-45.0%
3	METC	Ramaco Resources	-23.8%	244.9%
4	WRLD	World Acceptance	-18.6%	25.6%
5	ASM	Avino Silver & Gold Mines	-18.2%	450.5%
6	SES	SES AI	-17.6%	15.5%
7	SMPL	Simply Good Foods	-17.5%	-48.0%
8	TNGX	Tango Therapeutics	-17.0%	142.6%
9	OKLO	Oklo	-16.7%	540.8%
10	LENZ	LENZ Therapeutics	-16.4%	10.7%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	WOLF	Wolfspeed	1498.4%	344.0%
2	PRAX	Praxis Precision Medicines	253.2%	126.1%
3	NVTS	Navitas Semiconductor	116.1%	294.1%
4	SNDK	SanDisk	97.4%
5	UAMY	United States Antimony	90.3%	578.5%
6	GRAL	GRAIL	85.2%	400.8%
7	BALY	Ballys	82.9%	6.8%
8	ORKA	Oruka Therapeutics	81.1%	40.5%
9	INBX	Inhibrx Biosciences	79.9%	272.0%
10	CIFR	Cipher Mining	77.2%	345.3%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	VG	Venture Global	-35.7%
2	PMI	Picard Medical	-35.3%	8328.6%
3	SOC	Sable Offshore	-33.7%	-41.7%
4	FWRD	Forward Air	-28.9%	-39.0%
5	FLY	Firefly Aerospace	-28.5%
6	ITGR	Integer	-28.4%	-45.0%
7	USNA	Usana Health Sciences	-26.5%	-42.0%
8	HTZ	Hertz Global	-26.3%	41.5%
9	RC	Ready Capital	-25.1%	-50.3%
10	ULH	Universal Logistics	-24.8%	-61.0%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	102.0%	272.0%
2	MOFG	MidWestOne Financial	39.4%	39.2%
3	FLNC	Fluence Energy	21.8%	22.9%
4	CIFR	Cipher Mining	19.7%	345.3%
5	CLOV	Clover Health Investments	19.4%	21.3%
6	FIX	Comfort Systems USA	19.0%	132.2%
7	GRND	Grindr	18.9%	-15.6%
8	GOSS	Gossamer Bio	18.7%	174.2%
9	HIVE	HIVE Digital Technologies	17.8%	111.6%
10	WYFI	Whitefiber	17.4%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	PMI	Picard Medical	-59.8%	8328.6%
2	DECK	Deckers Outdoor	-15.2%	-57.2%
3	COUR	Coursera	-12.9%	8.2%
4	MXL	MaxLinear	-10.8%	-21.0%
5	GNTX	Gentex	-10.2%	-16.1%
6	ULH	Universal Logistics	-9.2%	-61.0%
7	MRTN	Marten Transport	-9.1%	-36.8%
8	WRLD	World Acceptance	-8.9%	25.6%
9	BAH	Booz Allen Hamilton	-8.9%	-27.9%
10	SNDX	Syndax Pharmaceuticals	-7.8%	2.3%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	VICR	Vicor	57.5%	87.2%
2	INBX	Inhibrx Biosciences	53.8%	272.0%
3	CLB	Core Laboratories	48.7%	-2.4%
4	BALY	Ballys	46.2%	6.8%
5	MOFG	MidWestOne Financial	43.2%	39.2%
6	NUVB	Nuvation Bio	42.2%	82.3%
7	CLOV	Clover Health Investments	41.0%	21.3%
8	CELC	Celcuity	36.6%	442.2%
9	WGO	Winnebago Industries	33.6%	-12.7%
10	GTX	Garrett Motion	33.3%	91.3%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-45.4%	8328.6%
2	ITGR	Integer	-30.4%	-45.0%
3	METC	Ramaco Resources	-23.8%	244.9%
4	WRLD	World Acceptance	-18.6%	25.6%
5	ASM	Avino Silver & Gold Mines	-18.2%	450.5%
6	SES	SES AI	-17.6%	15.5%
7	SMPL	Simply Good Foods	-17.5%	-48.0%
8	TNGX	Tango Therapeutics	-17.0%	142.6%
9	OKLO	Oklo	-16.7%	540.8%
10	LENZ	LENZ Therapeutics	-16.4%	10.7%

Peer Comparisons for Under Armour

Financials

	UA	NKE	LULU	RL	VFC	PVH	Median
Name	Under Ar.	Nike	Lululemo.	Ralph La.	VF	PVH
Mkt Price	4.64	69.11	178.17	335.67	16.31	85.53	77.32
Mkt Cap	2.0	102.0	21.3	20.5	6.4	4.1	13.4
Rev LTM	5,115	46,440	10,904	7,286	9,496	8,778	9,137
Op Inc LTM	164	3,420	2,495	1,067	429	647	857
FCF LTM	-322	3,009	1,168	764	168	516	640
FCF 3Y Avg	-87	4,893	1,279	700	168	471	585
CFO LTM	-163	3,526	1,912	1,134	300	657	895
CFO 3Y Avg	72	5,611	1,964	949	346	685	817

Growth & Margins

	UA	NKE	LULU	RL	VFC	PVH	Median
Name	Under Ar.	Nike	Lululemo.	Ralph La.	VF	PVH
Rev Chg LTM	-8.2%	-7.1%	9.2%	9.6%	-2.3%	-1.1%	-1.7%
Rev Chg 3Y Avg	-3.6%	-0.3%	15.8%	4.8%	-7.2%	-0.9%	-0.6%
Rev Chg Q	-4.2%	1.1%	6.5%	13.7%	-0.5%	4.5%	2.8%
QoQ Delta Rev Chg LTM	-1.0%	0.3%	1.4%	2.9%	-0.1%	1.1%	0.7%
Op Mgn LTM	3.2%	7.4%	22.9%	14.6%	4.5%	7.4%	7.4%
Op Mgn 3Y Avg	2.1%	10.2%	22.7%	13.1%	5.3%	8.2%	9.2%
QoQ Delta Op Mgn LTM	5.7%	-0.6%	-0.5%	0.7%	0.4%	-0.5%	-0.0%
CFO/Rev LTM	-3.2%	7.6%	17.5%	15.6%	3.2%	7.5%	7.5%
CFO/Rev 3Y Avg	1.2%	11.3%	19.8%	13.9%	3.6%	7.7%	9.5%
FCF/Rev LTM	-6.3%	6.5%	10.7%	10.5%	1.8%	5.9%	6.2%
FCF/Rev 3Y Avg	-1.6%	9.9%	12.9%	10.3%	1.9%	5.3%	7.6%

Valuation

	UA	NKE	LULU	RL	VFC	PVH	Median
Name	Under Ar.	Nike	Lululemo.	Ralph La.	VF	PVH
Mkt Cap	2.0	102.0	21.3	20.5	6.4	4.1	13.4
P/S	0.4	2.2	2.0	2.8	0.7	0.5	1.3
P/EBIT	12.1	29.8	8.5	19.4	17.8	19.0	18.4
P/E	19.5	35.2	11.9	25.8	-134.7	8.8	15.7
P/CFO	-12.1	28.9	11.1	18.1	21.2	6.3	14.6
Total Yield	5.1%	2.8%	8.4%	4.9%	1.5%	11.6%	5.0%
Dividend Yield	0.0%	0.0%	0.0%	1.0%	2.2%	0.2%	0.1%
FCF Yield 3Y Avg	-3.0%	3.8%	3.6%	6.0%	4.1%	10.3%	3.9%
D/E	0.8	0.1	0.1	0.2	0.9	1.0	0.5
Net D/E	0.4	0.0	0.0	0.0	0.8	1.0	0.2

Returns

	UA	NKE	LULU	RL	VFC	PVH	Median
Name	Under Ar.	Nike	Lululemo.	Ralph La.	VF	PVH
1M Rtn	-4.5%	-0.3%	1.1%	7.6%	10.7%	-1.4%	0.4%
3M Rtn	-32.9%	-8.9%	-18.8%	12.9%	29.5%	11.3%	1.2%
6M Rtn	-14.5%	21.4%	-33.5%	53.6%	45.0%	17.4%	19.4%
12M Rtn	-41.6%	-10.4%	-41.4%	72.2%	-0.4%	-8.1%	-9.3%
3Y Rtn	-26.6%	-19.8%	-44.4%	287.5%	-33.9%	66.9%	-23.2%
1M Excs Rtn	-3.3%	-3.0%	0.8%	8.3%	10.5%	-3.1%	-1.1%
3M Excs Rtn	-37.9%	-18.6%	-24.0%	5.3%	24.8%	4.9%	-6.8%
6M Excs Rtn	-37.5%	-1.6%	-56.4%	30.7%	22.1%	-5.6%	-3.6%
12M Excs Rtn	-60.0%	-29.3%	-56.5%	54.7%	-22.3%	-27.1%	-28.2%
3Y Excs Rtn	-109.0%	-101.8%	-123.8%	203.9%	-120.1%	-5.5%	-105.4%

Comparison Analyses

	Title
0	How Does Under Armour Stock Stack Up Against Its Peers?
1	UA Looks Stronger Than PVH With 17% Return Potential
2	With 17% Gains On The Table, UA May Outshine RL
3	Under Armour vs. Nike: With Return Forecast Of 3.5%, Under Armour Is A Better Bet
4	Under Armour vs. Tapestry: Neither Seems Like A Good Bet
5	Under Armour vs. Ameren: With Return Forecast Of 11%, Under Armour Is A Better Bet
6	Under Armour vs. Old Dominion Freight Line: With Return Forecast Of 22%, Old Dominion Freight Line Is A Better Bet
7	Under Armour vs. Twitter: With Return Forecast Of 43%, Twitter Is A Better Bet
8	Under Armour vs. Boston Scientific: With Return Forecast Of 17%, Under Armour Is A Better Bet
9	Under Armour vs. Roper Technologies: With Return Forecast Of 75%, Under Armour Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 3/31	LTM	2025	2024	2023	2021	2020	2019
Period End	6/30/2025	3/31/2025	3/31/2024	3/31/2023	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/8/2025	5/22/2025	5/29/2024	5/24/2023	2/23/2022	2/24/2021	2/26/2020
Key Financials
Total Revenue	5,115	5,164	5,702	5,903	5,683	4,475	5,267
EBITDA	296	9	372	399	668	153	423
Operating Income	164	-127	230	264	527	-12	237
Net Income	102	-201	232	374	360	-549	92
EPS	0.22	-0.47	0.53	0.83	0.77	-1.21	0.20
Growth Rates
Total Revenue Growth	-8.2%	-9.4%	-3.4%	3.9%	27.0%	-15.0%	1.4%
EBITDA Growth	302.5%	-97.7%	-6.7%	-40.3%	336.2%	-63.8%	186.8%
Operating Income Growth	343.0%	-155.4%	-12.8%	-50.0%	4549.8%	-105.0%	49.7%
Net Income Growth	221.8%	-186.7%	-38.0%	4.0%	165.6%	-696.0%	299.0%
Margins
EBITDA Margin	5.8%	0.2%	6.5%	6.8%	11.8%	3.4%	8.0%
Operating Income Margin	3.2%	-2.5%	4.0%	4.5%	9.3%	-0.3%	4.5%
Net Income Margin	2.0%	-3.9%	4.1%	6.3%	6.3%	-12.3%	1.7%
Cash & Debt
Total Cash	911	501	859	711	1,669	1,517	788
Total Debt	1,676	1,299	1,443	1,521	1,504	2,006	1,299
Net Debt / (Cash)	765	798	584	810	-165	488	511
Cash Flows
Net Cash from Operations	-163	-59	354	-40	665	213	509
Free Cash from Operations	-322	-228	204	-198	595	121	363
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	50	90	75	125	-0	-0	-0

$ Mil \| FY: 3/31	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/8/2025	5/22/2025	2/6/2025	11/7/2024	8/8/2024	5/29/2024	2/8/2024	11/8/2023	8/8/2023	5/24/2023	2/8/2023	11/8/2022
Key Financials Quarterly
Total Revenue	1,134	1,181	1,401	1,399	1,184	1,332	1,486	1,567	1,317	1,398	1,582	1,574
Ebitda	45	-17	59	209	-242	37	105	173	57	21	177	153
Operating Income	16	-56	27	176	-275	-4	71	139	22	15	95	119
Net Income	-3	-67	1	170	-305	7	111	105	10	158	122	87
EPS	-0.01	-0.16	0.00	0.39	-0.70	0.02	0.25	0.24	0.02	0.38	0.27	0.19
Key Financials TTM
Total Revenue TTM	5,115	5,164	5,316	5,401	5,569	5,702	5,768	5,864	5,871	5,903	5,806	5,753
Ebitda TTM	296	9	63	109	73	372	356	427	407	419	444	401
Operating Income TTM	164	-127	-74	-30	-67	230	248	272	252	264	259	265
Net Income TTM	102	-201	-127	-18	-83	232	384	395	377	374	157	145
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 Growth	118.7%	-146.9%	-44.2%	20.8%	-523.4%	79.8%	-40.4%	13.0%	-17.0%	-55.0%	32.2%	-32.2%
Operating Income Growth	105.9%	-1485.6%	-61.6%	26.4%	-1324.8%	-123.6%	-24.6%	16.8%	-35.0%	40.3%	-5.6%	-36.7%
Net Income Growth	99.1%	-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 Margin	4.0%	-1.5%	4.2%	14.9%	-20.4%	2.8%	7.1%	11.0%	4.3%	1.5%	11.2%	9.7%
Operating Income Margin	1.4%	-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 Cash	911	501	727	531	885	859	1,040	656	704	711	850	854
Total Debt	1,676	1,299	1,305	1,332	1,343	1,443	1,474	1,472	1,492	1,521	1,519	1,511
Net Debt / (Cash)	765	798	578	801	458	584	434	816	788	810	670	657
Cash Flows Quarterly
FCF from Operations	49	-202	311	-321	153	-123	421	61	-6	-114	77	-90
Cash Flows TTM
FCF from Operations TTM	-163	-59	20	130	513	354	363	18	-133	-40	-247	131
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	25	25	-0	40	-0	25	50	-0	-0	75	25
Return on Invested Capital (ROIC) Quarterly
ROIC	1.7%	-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 TTM	8.6%	-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

$ Mil	2025	2024	2023	2021	2020
Apparel	3,789	3,871	876	3,840	2,883
Footwear	1,384	1,455	297	1,264	934
Accessories	406	409	97	462	414
License revenues	111	117	27	113	106
Corporate Other	12	51	4	4	138
Total	5,702	5,903	1,301	5,683	4,475

Price Behavior

Price Behavior

Market Price	$4.64
Market Cap ($ Bil)	2.0
First Trading Date	11/18/2005
Distance from 52W High	-53.3%
	50 Days	200 Days
DMA Price	$4.82	$5.94
DMA Trend	down	down
Distance from DMA	-3.8%	-21.9%
	3M	1YR
Volatility	44.7%	53.6%
Downside Capture	191.16	133.71
Upside Capture	-76.65	58.09
Correlation (SPY)	14.8%	41.8%

UA Betas & Captures as of 9/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.97	0.46	0.97	1.33	1.17	1.35
Up Beta	6.51	1.47	0.76	1.29	1.25	1.53
Down Beta	-1.72	0.52	1.08	1.58	1.15	1.10
Up Capture	90%	-98%	-15%	70%	55%	157%
Bmk +ve Days	13	23	35	74	144	420
Stock +ve Days	7	16	26	58	102	351
Down Capture	263%	157%	243%	144%	124%	108%
Bmk -ve Days	8	19	29	52	107	330
Stock -ve Days	12	24	34	61	133	373

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

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	25,921,852
Short Interest: % Change Since 9302025	0.2%
Average Daily Volume	4,250,632
Days-to-Cover Short Interest	6.10
Basic Shares Quantity	427,116,000
Short % of Basic Shares	6.1%

Returns Analyses

	Title
0	How Low Can Under Armour Stock Really Go?
1	Under Armour During 2008 Recession vs. 2022 Inflation Shock: UA Stock Has 388% Upside If It Recovers To Pre-Inflation Shock Levels
2	Under Armour (UA) Stock Has 59% Chance Of Rise In The Next One Month
3	Under Armour (UA) Stock Has 51% Chance Of Rise In The Next One Month
4	Under Armour Stock Return Comparison
5	Under Armour Total Shareholder Return (TSR): ...% in 2023 and 0.0% 3-yr returns (above peer average)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/8/2025	-17.2%	-24.1%	-21.5%
5/13/2025	1.7%	5.3%	11.4%
2/6/2025	-4.6%	-10.4%	-12.7%
11/7/2024	23.3%	9.1%	12.3%
8/8/2024	18.3%	22.2%	19.6%
5/16/2024	-0.3%	1.4%	-2.0%
2/8/2024	-0.3%	8.0%	7.5%
11/8/2023	4.5%	6.7%	18.7%
...
SUMMARY STATS
# Positive	11	13	11
# Negative	13	11	13
Median Positive	6.2%	8.0%	11.4%
Median Negative	-8.4%	-16.0%	-12.1%
Max Positive	23.3%	22.2%	42.1%
Max Negative	-25.9%	-27.1%	-45.0%

	Forward Returns
8/8/2025	-17.2%	-24.1%	-21.5%
5/13/2025	1.7%	5.3%	11.4%
2/6/2025	-4.6%	-10.4%	-12.7%
11/7/2024	23.3%	9.1%	12.3%
8/8/2024	18.3%	22.2%	19.6%
5/16/2024	-0.3%	1.4%	-2.0%
2/8/2024	-0.3%	8.0%	7.5%
11/8/2023	4.5%	6.7%	18.7%
8/8/2023	0.6%	1.6%	-4.1%
5/9/2023	-5.5%	-9.5%	-9.2%
2/8/2023	-8.4%	-13.1%	-24.3%
11/3/2022	10.6%	9.1%	42.1%
8/3/2022	2.5%	1.3%	-8.0%
5/6/2022	-25.9%	-27.1%	-24.0%
2/11/2022	-11.4%	-16.5%	-18.5%
11/2/2021	13.9%	11.0%	2.7%
8/3/2021	6.2%	17.7%	10.8%
5/4/2021	-0.8%	-3.1%	-1.7%
2/10/2021	7.0%	6.4%	8.6%
10/30/2020	1.6%	9.5%	20.8%
7/31/2020	-6.8%	-11.2%	-10.2%
5/11/2020	-10.5%	-22.7%	8.6%
2/11/2020	-16.7%	-17.4%	-45.0%
11/4/2019	-18.4%	-16.0%	-12.1%
SUMMARY STATS
# Positive	11	13	11
# Negative	13	11	13
Median Positive	6.2%	8.0%	11.4%
Median Negative	-8.4%	-16.0%	-12.1%
Max Positive	23.3%	22.2%	42.1%
Max Negative	-25.9%	-27.1%	-45.0%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
6302025	8082025	10-Q 6/30/2025
3312025	5222025	10-K 3/31/2025
12312024	2062025	10-Q 12/31/2024
9302024	11072024	10-Q 9/30/2024
6302024	8082024	10-Q 6/30/2024
3312024	5292024	10-K 3/31/2024
12312023	2082024	10-Q 12/31/2023
9302023	11082023	10-Q 9/30/2023
6302023	8082023	10-Q 6/30/2023
3312023	5242023	10-K 3/31/2023
12312022	2082023	10-Q 12/31/2022
9302022	11082022	10-Q 9/30/2022
6302022	8042022	10-Q 6/30/2022
3312022	5092022	10-QT 3/31/2022
12312021	2232022	10-K 12/31/2021
9302021	11042021	10-Q 9/30/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Sweeney Robert John		8212025	Buy	4.88	100,000	488,200	652,703	Form
1	El-Erian Mohamed		8192025	Buy	5.20	100,000	519,960	580,535	Form
2	Aumen Eric J	Chief Accounting Officer	8142025	Buy	4.89	2,045	10,000	448,872	Form
3	Fitzpatrick Dawn N.		8142025	Buy	4.93	100,000	493,000	659,120	Form
4	Bergman David	Chief Financial Officer	12032024	Sell	9.09	30,000	272,604	4,490,787	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Under Armour (UA)

Market Price (10/27/2025): $4.66 | Market Cap: $2.0 BilSector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods

Under Armour (UA)

Market Price (10/27/2025): $4.66Market Cap: $2.0 BilSector: Consumer DiscretionaryIndustry: Apparel, Accessories & Luxury Goods

Market Valuation & Key Metrics

UA Stock

Return vs. Risk

Price Returns Compared

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About Under Armour (UA)

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Financials

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Earnings Returns History

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Market Price (10/27/2025): $4.66 | Market Cap: $2.0 Bil
Sector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods

Market Price (10/27/2025): $4.66
Market Cap: $2.0 Bil
Sector: Consumer Discretionary
Industry: Apparel, Accessories & Luxury Goods