NYSE : UAA
Under Armour, Inc. — Financial statements
Consumer Discretionary · Apparel Manufacturing · United States
Last price 5.26 USD (Nov 2, 2026, 10:47 AM EST) · Market cap 2.26B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Under Armour, Inc. (UAA) reported revenue of 4.93B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 4.93B | 4.97B | 5.16B | 5.70B | 5.90B | 5.73B |
| Cost of Revenue | 2.68B | 2.69B | 2.69B | 3.07B | 3.26B | 2.89B |
| Gross Profit | 2.25B | 2.27B | 2.47B | 2.63B | 2.64B | 2.84B |
| Selling, General & Admin | 2.18B | 2.16B | 2.27B | 2.39B | 2.38B | 2.42B |
| Amortization of Goodwill & Intangibles | 1.90M | 1.00M | ||||
| Operating Expenses | 2.18B | 2.16B | 2.27B | 2.39B | 2.38B | 2.42B |
| Operating Income | 66.97M | 109.00M | 202.15M | 235.95M | 265.59M | 420.04M |
| Interest Expense | -50.78M | -44.19M | -6.12M | -12.83M | -36.32M | |
| Interest & Investment Income | 13.90M | 13.90M | 268.00K | |||
| Earnings From Equity Investments | -590.00K | -215.00K | 605.00K | -26.00K | -2.04M | -73.00K |
| Currency Exchange Gain (Loss) | 2.56M | 3.28M | 1.13M | 355.00K | -7.20M | -3.38M |
| Other Non Operating Income (Expenses) | -12.15M | -10.56M | -14.56M | 31.70M | 24.30M | -5.93M |
| EBT Excluding Unusual Items | 19.91M | 71.22M | 183.21M | 268.25M | 267.81M | 374.34M |
| Merger & Restructuring Charges | -156.07M | -171.51M | -89.16M | -90.08M | ||
| Asset Writedown | -2.10M | -2.10M | -37.20M | -6.20M | -2.00M | |
| Legal Settlements | -98.50M | -98.50M | -261.00M | |||
| Other Unusual Items | 70.00M | -34.73M | ||||
| Pretax Income | -166.76M | -200.89M | -204.16M | 262.05M | 265.81M | 249.53M |
| Income Tax Expense | 325.72M | 294.75M | -2.89M | 30.01M | -108.64M | 30.37M |
| Net Income | -492.49M | -495.64M | -201.27M | 232.04M | 374.46M | 219.16M |
| Net Income to Common | -492.49M | -495.64M | -201.27M | 232.04M | 374.46M | 219.16M |
| Shares Outstanding (Basic) | 426.74M | 426.57M | 432.25M | 440.32M | 451.43M | 469.30M |
| Shares Outstanding (Diluted) | 426.74M | 426.57M | 432.25M | 451.01M | 461.51M | 471.64M |
| EPS (Basic) | -1.15 | -1.16 | -0.47 | 0.53 | 0.83 | 0.47 |
| EPS (Diluted) | -1.15 | -1.16 | -0.47 | 0.52 | 0.81 | 0.47 |
| Free Cash Flow | -81.12M | -162.16M | -228.00M | 203.64M | -197.95M | 392.56M |
| Free Cash Flow Per Share | -0.19 | -0.38 | -0.53 | 0.45 | -0.43 | 0.83 |
| Gross Margin | 45.62% | 45.75% | 47.92% | 46.13% | 44.79% | 49.54% |
| Operating Margin | 1.36% | 2.20% | 3.91% | 4.14% | 4.50% | 7.33% |
| Profit Margin | -9.99% | -9.98% | -3.90% | 4.07% | 6.34% | 3.83% |
| Free Cash Flow Margin | -1.65% | -3.26% | -4.42% | 3.57% | -3.35% | 6.85% |
| EBITDA | 173.03M | 218.62M | 337.95M | 378.54M | 401.04M | 560.58M |
| EBITDA Margin | 3.51% | 4.40% | 6.54% | 6.64% | 6.79% | 9.79% |
| D&A For EBITDA | 106.06M | 109.62M | 135.80M | 142.59M | 135.46M | 140.54M |
| EBIT | 66.97M | 109.00M | 202.15M | 235.95M | 265.59M | 420.04M |
| EBIT Margin | 1.36% | 2.20% | 3.91% | 4.14% | 4.50% | 7.33% |
| Effective Tax Rate | 11.45% | 12.17% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 395.98M | 309.17M | 501.36M | 858.69M | 710.93M | 1.01B |
| Cash & Short-Term Investments | 395.98M | 309.17M | 501.36M | 858.69M | 710.93M | 1.01B |
| Receivables | 659.12M | 695.86M | 689.52M | 771.24M | 765.94M | 695.17M |
| Inventory | 1.11B | 914.75M | 945.84M | 958.50M | 1.19B | 824.46M |
| Prepaid Expenses | 168.60M | 149.52M | 131.86M | 216.48M | 203.60M | 230.81M |
| Restricted Cash | 2.89M | 13.69M | 18.23M | 15.82M | 12.99M | |
| Other Current Assets | 36.22M | 646.49M | 46.82M | 40.55M | 66.54M | 60.26M |
| Total Current Assets | 2.37B | 2.72B | 2.33B | 2.86B | 2.95B | 2.83B |
| Property, Plant & Equipment | 1.06B | 1.03B | 1.03B | 1.10B | 1.13B | 1.02B |
| Goodwill | 493.33M | 492.77M | 487.63M | 478.30M | 481.99M | 491.51M |
| Other Intangible Assets | 4.56M | 4.47M | 5.22M | 7.00M | 8.94M | 10.58M |
| Long-Term Deferred Tax Assets | 55.23M | 52.28M | 286.16M | 221.03M | 186.91M | 20.14M |
| Other Long-Term Assets | 112.23M | 118.92M | 163.27M | 91.52M | 67.09M | 76.02M |
| Total Assets | 4.10B | 4.42B | 4.30B | 4.76B | 4.83B | 4.45B |
| Accounts Payable | 668.98M | 420.08M | 429.94M | 483.73M | 648.49M | 560.33M |
| Accrued Expenses | 301.65M | 280.72M | 314.61M | 247.45M | 312.17M | 317.96M |
| Current Portion of Long-Term Debt | 599.84M | 80.92M | ||||
| Current Portion of Leases | 152.64M | 153.05M | 130.05M | 139.33M | 140.99M | 134.83M |
| Current Income Taxes Payable | 22.56M | 26.31M | 22.16M | 26.30M | ||
| Current Unearned Revenue | 34.34M | |||||
| Other Current Liabilities | 185.31M | 200.54M | 173.89M | 191.87M | 231.34M | 285.47M |
| Total Current Liabilities | 1.31B | 1.68B | 1.11B | 1.17B | 1.36B | 1.30B |
| Long-Term Debt | 591.16M | 590.61M | 595.12M | 594.87M | 674.48M | 672.29M |
| Long-Term Leases | 632.28M | 596.14M | 574.28M | 627.66M | 705.71M | 668.98M |
| Other Long-Term Liabilities | 137.96M | 137.80M | 132.05M | 219.45M | 121.93M | 84.01M |
| Total Liabilities | 2.67B | 3.00B | 2.41B | 2.61B | 2.86B | 2.72B |
| Common Stock | 142.00K | 141.00K | 141.00K | 144.00K | 147.00K | 153.00K |
| Additional Paid-In Capital | 1.29B | 1.28B | 1.24B | 1.18B | 1.14B | 1.05B |
| Retained Earnings | 210.41M | 217.35M | 746.28M | 1.05B | 897.31M | 721.93M |
| Comprehensive Income & Other | -72.60M | -81.56M | -93.94M | -77.12M | -67.84M | -40.09M |
| Shareholders' Equity | 1.43B | 1.41B | 1.89B | 2.15B | 1.97B | 1.73B |
| Total Liabilities & Equity | 4.10B | 4.42B | 4.30B | 4.76B | 4.83B | 4.45B |
| Total Debt | 1.38B | 1.94B | 1.30B | 1.44B | 1.52B | 1.48B |
| Net Cash (Debt) | -980.10M | -1.63B | -798.09M | -584.10M | -810.25M | -466.96M |
| Net Cash Per Share | -2.30 | -3.82 | -1.85 | -1.30 | -1.76 | -0.99 |
| Filing Date Shares Outstanding | 429.55M | 426.32M | 426.12M | 436.50M | 444.60M | 461.61M |
| Total Common Shares Outstanding | 429.47M | 426.22M | 425.99M | 435.96M | 444.50M | 461.59M |
| Working Capital | 1.06B | 1.04B | 1.22B | 1.70B | 1.59B | 1.53B |
| Book Value Per Share | 3.33 | 3.32 | 4.44 | 4.94 | 4.42 | 3.75 |
| Tangible Book Value | 930.23M | 917.12M | 1.40B | 1.67B | 1.48B | 1.23B |
| Tangible Book Value Per Share | 2.17 | 2.15 | 3.28 | 3.83 | 3.32 | 2.66 |
| Land | 74.46M | 74.46M | 74.46M | 82.41M | 83.63M | 83.63M |
| Buildings | 272.45M | 271.64M | 271.89M | 68.23M | 48.63M | 48.38M |
| Machinery | 464.80M | 464.47M | 639.11M | 619.44M | 600.03M | 574.39M |
| Construction In Progress | 16.28M | 18.75M | 24.18M | 175.96M | 138.07M | 64.87M |
| Leasehold Improvements | 431.15M | 430.44M | 457.42M | 495.18M | 462.72M | 461.39M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -492.49M | -495.64M | -201.27M | 232.04M | 374.46M | 219.16M |
| Depreciation & Amortization | 106.06M | 109.62M | 135.80M | 142.59M | 135.46M | 140.54M |
| Loss (Gain) From Sale of Assets | 1.03M | 4.51M | 6.37M | 1.62M | 2.62M | 5.50M |
| Asset Writedown & Restructuring Costs | 95.86M | 105.29M | 53.77M | 6.18M | 1.96M | 19.47M |
| Loss (Gain) From Sale of Investments | 2.96M | 2.85M | 2.32M | 2.03M | 2.19M | 12.17M |
| Stock-Based Compensation | 44.72M | 45.62M | 52.97M | 43.00M | 36.81M | 45.19M |
| Other Operating Activities | 267.19M | 238.56M | -72.02M | 6.00M | -149.91M | 27.23M |
| Change in Accounts Receivable | -15.51M | -1.08M | 79.98M | -3.91M | -60.91M | 6.88M |
| Change in Inventory | 42.35M | 39.31M | 10.94M | 216.48M | -368.99M | 38.29M |
| Change in Accounts Payable | 35.61M | 5.93M | -58.47M | -197.89M | 76.28M | 51.06M |
| Change in Income Taxes | 8.85M | 1.06M | 14.81M | -60.35M | 17.54M | 1.33M |
| Change in Other Net Operating Assets | -111.44M | -131.13M | -84.53M | -33.83M | -107.39M | -75.45M |
| Operating Cash Flow | -14.80M | -75.09M | -59.32M | 353.97M | -39.89M | 491.34M |
| Capital Expenditures | -66.31M | -87.08M | -168.68M | -150.33M | -158.07M | -98.79M |
| Sale of Property, Plant & Equipment | 852.00K | |||||
| Cash Acquisitions | -500.00K | -500.00K | -8.12M | |||
| Divestitures | 58.00M | 45.00M | 35.00M | |||
| Investment in Securities | -7.55M | |||||
| Other Investing Activities | -1.24M | -601.24M | ||||
| Investing Cash Flow | -68.05M | -688.81M | -126.35M | -105.33M | -123.07M | -97.94M |
| Long-Term Debt Issued | 890.00M | |||||
| Long-Term Debt Repaid | -290.00M | -80.92M | ||||
| Total Debt Repaid | -915.00M | -290.00M | -80.92M | -506.28M | ||
| Net Debt Issued (Repaid) | -400.00M | 600.00M | -80.92M | -506.28M | ||
| Issuance of Common Stock | 2.06M | 2.19M | 2.49M | 3.19M | 3.78M | 3.76M |
| Repurchase of Common Stock | -34.02M | -34.03M | -100.31M | -81.16M | -130.15M | -313.13M |
| Other Financing Activities | -1.77M | -7.54M | -2.07M | -720.00K | 89.84M | |
| Financing Cash Flow | -433.74M | 560.63M | -180.81M | -78.69M | -126.38M | -725.81M |
| Foreign Exchange Rate Adjustments | -9.67M | 280.00K | 4.61M | -19.77M | -5.32M | -5.36M |
| Net Cash Flow | -526.26M | -202.99M | -361.87M | 150.17M | -294.64M | -337.76M |
| Free Cash Flow | -81.12M | -162.16M | -228.00M | 203.64M | -197.95M | 392.56M |
| Free Cash Flow Margin | -1.65% | -3.26% | -4.42% | 3.57% | -3.35% | 6.85% |
| Free Cash Flow Per Share | -0.19 | -0.38 | -0.53 | 0.45 | -0.43 | 0.83 |
| Levered Free Cash Flow | 102.22M | -528.02M | 354.98M | 145.01M | -183.87M | |
| Unlevered Free Cash Flow | 133.96M | -500.40M | 358.80M | 145.01M | -175.86M | |
| Cash Income Tax Paid | 41.87M | 41.87M | 28.92M | 83.13M | 28.54M | 6.85M |
| Change in Working Capital | -40.14M | -85.91M | -37.27M | -79.50M | -443.47M | 22.10M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.25B | 2.49B | 2.62B | 3.16B | 4.00B | 7.74B |
| Enterprise Value | 3.23B | 3.72B | 3.20B | 3.60B | 4.67B | 7.57B |
| Last Close Price | 4.99 | 5.91 | 6.25 | 7.38 | 9.49 | 17.02 |
| PE Ratio | 13.62 | 10.68 | 35.30 | |||
| Forward PE | 76.31 | 32.35 | 18.59 | 13.27 | 14.50 | 25.08 |
| PS Ratio | 0.46 | 0.50 | 0.51 | 0.55 | 0.68 | 1.35 |
| PB Ratio | 1.50 | 1.76 | 1.39 | 1.47 | 2.03 | 4.47 |
| P/TBV Ratio | 2.44 | 2.72 | 1.88 | 1.90 | 2.71 | 6.31 |
| P/FCF Ratio | 15.53 | 19.71 | ||||
| P/OCF Ratio | 8.93 | 15.75 | ||||
| PEG Ratio | 4.68 | 18.59 | 1.94 | 1.15 | 1.43 | |
| EV/Sales Ratio | 0.66 | 0.75 | 0.62 | 0.63 | 0.79 | 1.32 |
| EV/EBITDA Ratio | 18.78 | 17.00 | 9.48 | 9.50 | 11.64 | 13.51 |
| EV/EBIT Ratio | 48.53 | 34.10 | 15.84 | 15.24 | 17.57 | 18.03 |
| EV/FCF Ratio | 17.65 | 19.29 | ||||
| Debt / Equity Ratio | 0.96 | 1.37 | 0.69 | 0.67 | 0.77 | 0.85 |
| Debt / EBITDA Ratio | 3.50 | 4.37 | 2.24 | 2.36 | 2.45 | 2.04 |
| Debt / FCF Ratio | 7.08 | 3.76 | ||||
| Net Debt / Equity Ratio | 0.69 | 1.15 | 0.42 | 0.27 | 0.41 | 0.27 |
| Net Debt / EBITDA Ratio | 5.66 | 7.46 | 2.36 | 1.54 | 2.02 | 0.83 |
| Net Debt / FCF Ratio | -12.08 | -10.05 | -3.50 | 2.87 | -4.09 | 1.19 |
| Asset Turnover | 1.10 | 1.14 | 1.14 | 1.19 | 1.27 | |
| Inventory Turnover | 2.38 | 2.90 | 2.83 | 2.87 | 3.24 | |
| Quick Ratio | 0.81 | 0.60 | 1.07 | 1.40 | 1.09 | 1.31 |
| Current Ratio | 1.81 | 1.62 | 2.10 | 2.46 | 2.17 | 2.18 |
| Return on Equity (ROE) | -29.83% | -30.00% | -9.96% | 11.27% | 20.27% | |
| Return on Assets (ROA) | 0.93% | 1.56% | 2.79% | 3.08% | 3.58% | |
| Return on Invested Capital (ROIC) | 2.46% | 3.80% | 7.45% | 7.58% | 10.68% | 17.91% |
| Return on Capital Employed (ROCE) | 2.40% | 4.00% | 6.30% | 6.60% | 7.70% | 13.30% |
| Earnings Yield | -22.07% | -19.88% | -7.67% | 7.34% | 9.37% | 2.83% |
| FCF Yield | -3.57% | -6.51% | -8.69% | 6.44% | -4.95% | 5.07% |
| Buyback Yield / Dilution | 0.78% | 1.31% | 4.16% | 2.27% | 2.15% | -0.64% |