NYSE : AS
Amer Sports, Inc. — Financial statements
Consumer Discretionary · Leisure · Finland
Last price 29.24 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 17.01B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Amer Sports, Inc. (AS) reported revenue of 7.44B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 7.44B | 6.57B | 5.18B | 4.40B | 3.57B | 3.07B |
| Cost of Revenue | 2.99B | 2.78B | 2.31B | 2.09B | 1.79B | 1.56B |
| Gross Profit | 4.45B | 3.78B | 2.87B | 2.31B | 1.79B | 1.51B |
| Selling, General & Admin | 3.53B | 3.10B | 2.43B | 2.01B | 1.54B | 1.33B |
| Other Operating Expenses | -52.40M | -34.70M | -28.50M | -10.00M | -10.90M | -8.20M |
| Operating Expenses | 3.48B | 3.07B | 2.40B | 2.00B | 1.53B | 1.32B |
| Operating Income | 969.00M | 714.40M | 469.90M | 303.60M | 251.90M | 186.80M |
| Interest Expense | -90.30M | -97.70M | -219.00M | -397.60M | -237.50M | -265.30M |
| Interest & Investment Income | 11.60M | 6.40M | 8.80M | 6.40M | 3.30M | 1.60M |
| Currency Exchange Gain (Loss) | -8.30M | 19.30M | -54.20M | -5.30M | 6.00M | -800.00K |
| Other Non Operating Income (Expenses) | -12.40M | -5.30M | -13.40M | -10.50M | -5.10M | -12.20M |
| EBT Excluding Unusual Items | 869.60M | 637.10M | 192.10M | -103.40M | 18.60M | -89.90M |
| Impairment of Goodwill | -179.00M | |||||
| Gain (Loss) on Sale of Assets | -500.00K | -500.00K | 700.00K | 500.00K | 300.00K | |
| Asset Writedown | -14.10M | -14.00M | -1.90M | -2.40M | -22.70M | -700.00K |
| Legal Settlements | 1.90M | 1.90M | 2.10M | 700.00K | ||
| Other Unusual Items | -50.50M | -31.80M | ||||
| Pretax Income | 806.40M | 624.50M | 161.20M | -104.60M | -182.60M | -89.80M |
| Income Tax Expense | 238.70M | 184.10M | 82.80M | 104.20M | 48.30M | 34.70M |
| Earnings From Continuing Operations | 567.70M | 440.40M | 78.40M | -208.80M | -230.90M | -124.50M |
| Earnings From Discontinued Operations | -21.80M | -1.80M | ||||
| Net Income to Company | 567.70M | 440.40M | 78.40M | -208.80M | -252.70M | -126.30M |
| Minority Interest in Earnings | -21.30M | -13.00M | -5.80M | 200.00K | ||
| Net Income | 546.40M | 427.40M | 72.60M | -208.60M | -252.70M | -126.30M |
| Net Income to Common | 546.40M | 427.40M | 72.60M | -208.60M | -252.70M | -126.30M |
| Shares Outstanding (Basic) | 565.15M | 555.61M | 498.03M | 384.50M | 384.30M | 383.33M |
| Shares Outstanding (Diluted) | 573.23M | 563.08M | 501.75M | 384.50M | 384.30M | 383.33M |
| EPS (Basic) | 0.97 | 0.77 | 0.15 | -0.54 | -0.66 | -0.33 |
| EPS (Diluted) | 0.96 | 0.76 | 0.14 | -0.54 | -0.66 | -0.33 |
| Free Cash Flow | 694.70M | 513.30M | 195.60M | 75.40M | -169.40M | 207.30M |
| Free Cash Flow Per Share | 1.21 | 0.91 | 0.39 | 0.20 | -0.44 | 0.54 |
| Gross Margin | 59.81% | 57.63% | 55.41% | 52.45% | 50.01% | 49.10% |
| Operating Margin | 13.03% | 10.88% | 9.07% | 6.90% | 7.05% | 6.09% |
| Profit Margin | 7.35% | 6.51% | 1.40% | -4.74% | -7.08% | -4.12% |
| Free Cash Flow Margin | 9.34% | 7.82% | 3.77% | 1.71% | -4.74% | 6.76% |
| EBITDA | 1.21B | 930.20M | 619.00M | 437.10M | 375.60M | 308.40M |
| EBITDA Margin | 16.29% | 14.17% | 11.94% | 9.93% | 10.52% | 10.06% |
| D&A For EBITDA | 242.20M | 215.80M | 149.10M | 133.50M | 123.70M | 121.60M |
| EBIT | 969.00M | 714.40M | 469.90M | 303.60M | 251.90M | 186.80M |
| EBIT Margin | 13.03% | 10.88% | 9.07% | 6.90% | 7.05% | 6.09% |
| Effective Tax Rate | 29.60% | 29.48% | 51.37% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 720.40M | 652.30M | 345.40M | 483.40M | 402.00M | 566.70M |
| Cash & Short-Term Investments | 720.40M | 652.30M | 345.40M | 483.40M | 402.00M | 566.70M |
| Accounts Receivable | 575.20M | 809.30M | 666.90M | 599.80M | 675.40M | 550.00M |
| Other Receivables | 226.60M | 136.40M | 125.30M | 116.70M | 82.00M | 79.10M |
| Receivables | 801.80M | 952.30M | 806.50M | 716.50M | 757.40M | 629.10M |
| Inventory | 1.90B | 1.62B | 1.22B | 1.10B | 912.50M | 582.80M |
| Prepaid Expenses | 55.00M | 39.40M | 39.20M | 76.80M | 38.60M | |
| Other Current Assets | 54.30M | 22.30M | 44.50M | 13.00M | 24.00M | 75.10M |
| Total Current Assets | 3.47B | 3.30B | 2.46B | 2.35B | 2.17B | 1.89B |
| Property, Plant & Equipment | 1.53B | 1.40B | 1.03B | 684.10M | 511.70M | 546.40M |
| Long-Term Investments | 84.60M | 14.30M | 12.60M | 9.20M | 8.90M | 300.00K |
| Goodwill | 2.26B | 2.34B | 2.13B | 2.27B | 2.24B | 2.48B |
| Other Intangible Assets | 2.73B | 2.70B | 2.54B | 2.74B | 2.75B | 2.84B |
| Long-Term Deferred Tax Assets | 78.80M | 84.10M | 67.60M | 161.70M | 108.70M | 101.60M |
| Other Long-Term Assets | 71.90M | 215.00M | 166.10M | 152.50M | 98.40M | 94.00M |
| Total Assets | 10.23B | 10.06B | 8.40B | 8.37B | 7.90B | 7.95B |
| Accounts Payable | 750.70M | 769.80M | 549.00M | 426.50M | 435.60M | 320.20M |
| Accrued Expenses | 550.10M | 645.50M | 541.30M | 450.10M | 389.00M | 324.00M |
| Short-Term Debt | 147.40M | 142.80M | ||||
| Current Portion of Long-Term Debt | 136.50M | 381.00M | 208.30M | 34.80M | ||
| Current Portion of Leases | 179.10M | 157.10M | 116.90M | 89.40M | 63.50M | 66.50M |
| Current Income Taxes Payable | 26.00M | 95.00M | 30.40M | 79.60M | 41.00M | 41.10M |
| Current Unearned Revenue | 80.10M | 99.30M | 68.40M | 25.00M | 20.80M | 14.80M |
| Other Current Liabilities | 240.70M | 299.70M | 171.70M | 122.30M | 121.20M | 145.80M |
| Total Current Liabilities | 1.97B | 2.21B | 1.61B | 1.57B | 1.28B | 947.20M |
| Long-Term Debt | 792.30M | 790.80M | 5.94B | 5.83B | 6.04B | |
| Long-Term Leases | 775.10M | 660.90M | 439.00M | 250.40M | 133.00M | 158.20M |
| Pension & Post-Retirement Benefits | 33.20M | 33.90M | 30.00M | 23.90M | 31.80M | 51.90M |
| Long-Term Deferred Tax Liabilities | 520.60M | 519.50M | 487.40M | 675.00M | 655.30M | 678.30M |
| Other Long-Term Liabilities | 36.20M | 27.70M | 26.30M | 67.00M | 38.30M | 40.50M |
| Total Liabilities | 3.34B | 4.24B | 3.39B | 8.53B | 7.97B | 7.91B |
| Common Stock | 19.50M | 18.60M | 18.40M | 642.20M | 642.20M | 640.40M |
| Additional Paid-In Capital | 4.12B | 3.25B | 3.19B | |||
| Retained Earnings | -285.70M | -557.50M | -984.90M | -1.06B | -848.90M | -596.20M |
| Comprehensive Income & Other | 3.01B | 3.09B | 2.78B | 255.10M | 132.80M | -6.20M |
| Total Common Equity | 6.87B | 5.80B | 5.00B | -160.20M | -73.90M | 38.00M |
| Minority Interest | 21.90M | 18.90M | 9.10M | 3.40M | ||
| Shareholders' Equity | 6.89B | 5.82B | 5.01B | -156.80M | -73.90M | 38.00M |
| Total Liabilities & Equity | 10.23B | 10.06B | 8.40B | 8.37B | 7.90B | 7.95B |
| Total Debt | 1.10B | 1.75B | 1.48B | 6.66B | 6.24B | 6.30B |
| Net Cash (Debt) | -381.20M | -1.10B | -1.14B | -6.18B | -5.83B | -5.73B |
| Net Cash Per Share | -0.67 | -1.95 | -2.27 | -16.07 | -15.18 | -14.94 |
| Filing Date Shares Outstanding | 582.58M | 557.69M | 553.85M | 505.25M | 384.50M | 383.33M |
| Total Common Shares Outstanding | 582.58M | 557.67M | 553.63M | 384.50M | 384.50M | 383.33M |
| Working Capital | 1.50B | 1.09B | 844.90M | 777.80M | 893.30M | 945.10M |
| Book Value Per Share | 11.79 | 10.40 | 9.03 | -0.42 | -0.19 | 0.10 |
| Tangible Book Value | 1.88B | 759.10M | 333.90M | -5.17B | -5.07B | -5.28B |
| Tangible Book Value Per Share | 3.23 | 1.36 | 0.60 | -13.46 | -13.18 | -13.77 |
| Land | 38.40M | 39.40M | 35.60M | 35.90M | 34.90M | 35.60M |
| Buildings | 652.20M | 614.90M | 476.50M | 374.90M | 327.60M | 315.60M |
| Machinery | 606.60M | 600.80M | 490.50M | 457.00M | 419.60M | 436.40M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 546.40M | 427.40M | 72.60M | -208.60M | -252.70M | -126.30M |
| Depreciation & Amortization | 440.20M | 384.20M | 273.80M | 220.90M | 197.00M | 195.70M |
| Loss (Gain) From Sale of Assets | 5.60M | 700.00K | ||||
| Asset Writedown & Restructuring Costs | 15.20M | 14.00M | 1.90M | 2.40M | 201.70M | 700.00K |
| Loss (Gain) From Sale of Investments | 1.10M | 2.50M | ||||
| Stock-Based Compensation | 50.20M | 37.20M | 19.50M | 10.70M | ||
| Other Operating Activities | 50.50M | -22.20M | 34.30M | 262.80M | 116.50M | 147.30M |
| Change in Accounts Receivable | -66.20M | -123.60M | -44.90M | 83.90M | -149.10M | 36.20M |
| Change in Inventory | -308.60M | -318.30M | -172.40M | -175.10M | -355.20M | -50.90M |
| Change in Accounts Payable | 279.00M | 190.10M | 123.70M | -38.70M | 115.50M | 43.40M |
| Change in Other Net Operating Assets | -45.90M | 141.00M | 109.50M | 38.20M | 33.90M | 50.00M |
| Operating Cash Flow | 960.80M | 729.80M | 424.70M | 199.00M | -91.70M | 268.00M |
| Capital Expenditures | -266.10M | -216.50M | -229.10M | -123.60M | -77.70M | -60.70M |
| Sale of Property, Plant & Equipment | 4.20M | 500.00K | 200.00K | 500.00K | ||
| Cash Acquisitions | -55.40M | -45.40M | -3.50M | |||
| Divestitures | 4.50M | 15.50M | ||||
| Sale (Purchase) of Intangibles | -59.90M | -67.20M | -46.30M | -12.70M | -32.10M | -33.00M |
| Investment in Securities | -19.40M | |||||
| Other Investing Activities | -8.70M | -9.00M | -12.60M | -15.50M | 10.40M | 388.60M |
| Investing Cash Flow | -385.60M | -338.10M | -268.30M | -154.80M | -118.60M | 295.40M |
| Short-Term Debt Issued | 284.30M | 376.90M | 90.00M | 35.00M | 135.00M | |
| Long-Term Debt Issued | 2.03B | 115.00M | 184.00M | |||
| Total Debt Issued | 325.90M | 284.30M | 2.40B | 205.00M | 219.00M | 135.00M |
| Short-Term Debt Repaid | -278.50M | -325.70M | -35.00M | -35.00M | -293.80M | |
| Long-Term Debt Repaid | -147.90M | -4.90B | -141.30M | -73.50M | -209.00M | |
| Lease Payments | -187.30M | -145.60M | -102.30M | -75.40M | -73.50M | -72.80M |
| Total Debt Repaid | -1.36B | -426.40M | -5.22B | -176.30M | -108.50M | -502.80M |
| Net Debt Issued (Repaid) | -1.03B | -142.10M | -2.82B | 28.70M | 110.50M | -367.80M |
| Issuance of Common Stock | 866.40M | 36.80M | 2.57B | |||
| Other Financing Activities | -10.90M | -18.70M | -18.80M | 6.30M | -29.40M | -1.90M |
| Financing Cash Flow | -173.70M | -124.00M | -266.00M | 35.00M | 81.10M | -369.70M |
| Foreign Exchange Rate Adjustments | 15.50M | 39.20M | -28.40M | 2.10M | -36.40M | -22.40M |
| Miscellaneous Cash Flow Adjustments | 100.00K | -100.00K | ||||
| Net Cash Flow | 417.00M | 306.90M | -138.00M | 81.40M | -165.60M | 171.20M |
| Free Cash Flow | 694.70M | 513.30M | 195.60M | 75.40M | -169.40M | 207.30M |
| Free Cash Flow Margin | 9.34% | 7.82% | 3.77% | 1.71% | -4.74% | 6.76% |
| Free Cash Flow Per Share | 1.21 | 0.91 | 0.39 | 0.20 | -0.44 | 0.54 |
| Levered Free Cash Flow | 547.69M | 533.64M | 188.41M | 72.05M | -187.20M | 443.64M |
| Unlevered Free Cash Flow | 604.12M | 594.70M | 325.29M | 320.55M | -38.76M | 609.45M |
| Free Cash Flow After Leases | 507.40M | 367.70M | 93.30M | 0.00 | -242.90M | 134.50M |
| Cash Interest Paid | 103.40M | 95.90M | 197.20M | 179.30M | 118.10M | 125.70M |
| Cash Income Tax Paid | 272.00M | 212.30M | 170.00M | 88.00M | 60.70M | 31.30M |
| Change in Working Capital | -141.70M | -110.80M | 15.90M | -91.70M | -354.90M | 78.70M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 18.07B | 20.71B | 15.28B | |||
| Enterprise Value | 18.45B | 22.25B | 17.76B | |||
| Last Close Price | 29.43 | 37.35 | 27.96 | |||
| PE Ratio | 32.39 | 48.46 | 210.42 | |||
| Forward PE | 21.43 | 35.92 | 49.05 | |||
| PS Ratio | 2.41 | 3.15 | 2.95 | |||
| PB Ratio | 2.50 | 3.56 | 3.05 | |||
| P/TBV Ratio | 9.53 | 27.29 | 45.75 | |||
| P/FCF Ratio | 25.77 | 40.35 | 78.10 | |||
| P/OCF Ratio | 18.64 | 28.38 | 35.97 | |||
| PEG Ratio | 0.83 | 0.92 | 0.88 | |||
| EV/Sales Ratio | 2.46 | 3.39 | 3.43 | |||
| EV/EBITDA Ratio | 15.10 | 23.92 | 28.69 | |||
| EV/EBIT Ratio | 18.87 | 31.14 | 37.79 | |||
| EV/FCF Ratio | 26.32 | 43.34 | 90.79 | |||
| Debt / Equity Ratio | 0.16 | 0.30 | 0.30 | -42.48 | -84.38 | 165.67 |
| Debt / EBITDA Ratio | 0.78 | 1.60 | 1.99 | 12.70 | 13.89 | 16.46 |
| Debt / FCF Ratio | 1.59 | 3.42 | 7.58 | 88.34 | 30.37 | |
| Net Debt / Equity Ratio | 0.06 | 0.19 | 0.23 | -39.40 | -78.94 | 150.76 |
| Net Debt / EBITDA Ratio | 0.32 | 1.18 | 1.84 | 14.13 | 15.53 | 18.58 |
| Net Debt / FCF Ratio | 0.55 | 2.15 | 5.82 | 81.93 | -34.44 | 27.64 |
| Asset Turnover | 0.77 | 0.71 | 0.62 | 0.54 | 0.45 | 0.37 |
| Inventory Turnover | 1.71 | 1.96 | 1.99 | 2.08 | 2.39 | 2.71 |
| Quick Ratio | 0.77 | 0.72 | 0.70 | 0.76 | 0.91 | 1.26 |
| Current Ratio | 1.76 | 1.50 | 1.52 | 1.49 | 1.70 | 2.00 |
| Return on Equity (ROE) | 9.15% | 8.13% | 3.23% | |||
| Return on Assets (ROA) | 6.29% | 4.84% | 3.50% | 2.33% | 1.99% | 1.41% |
| Return on Invested Capital (ROIC) | 9.51% | 7.71% | 3.53% | 4.53% | 4.07% | 2.82% |
| Return on Capital Employed (ROCE) | 11.70% | 9.10% | 6.90% | 4.50% | 3.80% | 2.70% |
| Earnings Yield | 3.09% | 2.06% | 0.47% | |||
| FCF Yield | 3.88% | 2.48% | 1.28% | |||
| Buyback Yield / Dilution | -6.42% | -12.22% | -30.49% | -0.05% | -0.26% |