Under Armour, Inc. (UAA)

Under Armour, Inc., together with its subsidiaries, engages designs, developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications, as well as for casual use. In addition, the company provides accessories, which include gloves, bags, headwear, and socks. It primarily offers its products under the UNDER ARMOUR, ARMOUR, HEATGEAR, COLDGEAR, HOVR, UA, PROTECT THIS HOUSE, I WILL, 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 its own brand and factory house retail stores and e-commerce websites. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company was incorporated in 1996 and is headquartered in Baltimore, Maryland.

Symbol
UAA
Exchange
NYSE
Sector
Consumer Cyclical
Industry
Apparel Manufacturing
Market cap
$2.03B
52 week range
4.13 - 8.15

Valuation

Share price
$4.68 (close of 2026-09-23)
P/E (TTM)
-4.13x
Price to book
1.42x
Price to free cash flow
-25.00x
Enterprise value
$3.01B
Book value per share
$3.34

Price performance

PeriodChange
1 day-1.89%
5 days-5.65%
1 month-13.17%
3 months-19.03%
6 months-23.90%
Year to date-5.84%
1 year-2.09%
3 years-31.68%
5 years-78.16%
10 years-88.14%
All time+48.10%

Profitability and growth

Return on equity
-35.04%
Return on invested capital
-5.36%
Return on assets
-11.22%
Return on capital employed
-5.96%
Gross margin
45.48%
Net margin
-9.98%
EBITDA margin
-1.08%
Revenue growth
-3.83%
Net income growth
-146.26%
Free cash flow growth
28.88%

Cash flow and balance sheet

Free cash flow yield (TTM)
-4.00%
Current ratio
1.81x
Net debt to EBITDA
9.31x

Latest reported year

Period end
2026-03-31
Fiscal year
2026
Revenue
$4.97B
Cost of revenue
$2.71B
Gross profit
$2.26B
EBITDA
$-53.49M
Net income
$-495.64M
Earnings per share
$-1.16
Shares outstanding
426.57M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2026-03-31$4.97B$2.26B$-495.64M$-1.16
2025-03-31$5.16B$2.47B$-201.27M$-0.47
2024-03-31$5.70B$2.63B$232.04M$0.53
2023-03-31$5.90B$2.64B$374.46M$0.83
2021-12-31$5.68B$2.86B$351.00M$0.75
2020-12-31$4.47B$2.16B$-549.18M$-1.21
2019-12-31$5.27B$2.47B$92.14M$0.20
2018-12-31$5.19B$2.34B$-46.30M$-0.10
2017-12-31$4.99B$2.25B$-48.26M$-0.11
2016-12-31$4.83B$2.25B$256.98M$0.45

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2026-03-3145.48%-9.98%-35.04%-5.36%
2025-03-3147.92%-3.90%-10.65%-6.78%
2024-03-3146.13%4.07%10.78%7.30%
2023-03-3144.79%6.34%19.05%9.49%
2021-12-3150.34%6.18%16.94%23.33%
2020-12-3148.27%-12.27%-32.91%-28.44%
2019-12-3146.90%1.75%4.29%6.27%
2018-12-3145.07%-0.89%-2.30%-0.43%
2017-12-3145.13%-0.97%-2.39%0.56%
2016-12-3146.52%5.32%12.65%11.02%

Cash and debt by year

Period endCashDebt
2026-03-31$309.17M$590.61M
2025-03-31$501.36M$595.13M
2024-03-31$858.69M$594.87M
2023-03-31$710.93M$674.48M
2021-12-31$1.67B$662.53M
2020-12-31$1.52B$1.00B
2019-12-31$788.07M$592.69M
2018-12-31$557.40M$703.83M
2017-12-31$312.48M$765.05M
2016-12-31$250.47M$790.39M

Free cash flow by year

Period endFree cash flowStock-based compensation
2026-03-31$-162.16M$45.63M
2025-03-31$-228.00M$52.97M
2024-03-31$203.64M$43.00M
2023-03-31$-197.95M$36.81M
2021-12-31$594.53M$43.79M
2020-12-31$120.57M$42.07M
2019-12-31$363.23M$49.62M
2018-12-31$457.85M$41.78M
2017-12-31$-43.88M$39.93M
2016-12-31$50.16M$46.15M

Investor relations

Next earnings report

Next confirmed report
2026-11-05

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-07Jun/2026$0.02
2026-05-12--
2026-02-06--
2025-11-06--
2025-08-08--
2025-05-13--
2025-02-06--
2024-11-07--

Filings and sources

Company website
underarmour.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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