Amer Sports, Inc.

AS Consumer Cyclical Leisure

Amer Sports, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.6 billion, up 26.7% from fiscal 2024.

Revenue
+32.1%
EPS
+500.0%
Free cash flow
+169.1%
Total debt
−36.4%

Quarter to June 2026, against a year earlier

31.28 0.77 −2.40%
Market cap
$18.2B
P/E
32.2×
Fwd P/E
23.8×
Dividend yield
—
F-score
6/9
Altman Z
3.92
Beneish M
−2.49
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 33.34
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — 6 1 3 — — 2 — —
Insider Ownership 68.26%

Capital & Financial Ratios $m

Size
Market Cap 18,220.00
Revenue ttm 7,435.50
Net income ttm 567.70
Free cash flow ttm 634.80
Net debt Q 202.10
Valuation
P/E 32.25
Forward P/E 23.80
Price / sales 2.45
Forward P/S Powerpack
Price / FCF 28.71
Price / book 2.65
Financial health
Current ratio Q 1.76 (at or above 1.5: strong)
Debt / equity Q 0.13 (at or below 0.5: strong)
Interest coverage Q 9.59
Growth
Revenue growth Q +32.06% (above 0%: growing)
Operating income growth Q +338.67% (above 0%: growing)
EPS, this year +34.07% (at or above 15%: strong)
EPS, next year A +25.86% (at or above 15%: strong)
Revenue, next year A −96.30% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +27.14% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 483 345 652 720
Receivables 600 667 809 575
Inventory 1,100 1,223 1,622 1,897
Other 7 10 20 23
2,352 2,459 3,304 3,473
2023 2024 2025 Q'26
Payables 427 549 770 751
ST’ Debt 381 137 143 147
Other 597 781 1,045 871
1,574 1,614 2,209 1,974

Compound Annual Growth %

10y 5y 3y
Sales — — 22.77%
Cash Flow — — 0.00%
Earnings — — 0.00%
Book Value — — 0.00%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.29 0.18 — — —
’25 0.24 0.03 0.25 0.23 0.76
’24 0.01 (0.01) 0.11 0.03 0.14
’23 0.05 (0.25) (0.09) (0.25) (0.54)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,946 1,633 — — —
’25 1,473 1,236 1,756 2,101 6,566
’24 1,193 1,001 1,354 1,636 5,183
’23 1,050 857 1,153 1,340 4,400
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 172 167 — — —
’25 164 (56) (3) 625 730
’24 117 (50) (49) 407 425
’23 0 (67) (14) 280 199
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 86 81 — — —
’25 96 (118) (70) 537 446
’24 53 (114) (106) 320 154
’23 0 (120) (51) 234 63
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — 3,549 4,400 5,183 6,566 7,436 +22.8% 243 280 318 (63.5%)
Gross margin, % — — — — — — 49.70 52.45 55.40 57.63 59.81 +7.9 pt
EBT — — — — — — (183) (105) 161 625 807 n/m
EBT margin, % — — — — — — (5.15) (2.38) 3.11 9.51 10.85 +14.7 pt
Net income — — — — — — (253) (209) 78 440 568 n/m
Per share, $
Per share, $ Revenue — — — — — — 9.23 11.44 10.41 11.82 12.76 +8.6%
Earnings — — — — — — (0.66) (0.54) 0.15 0.77 0.97 n/m
Cash flow — — — — — — (0.24) 0.52 0.85 1.31 1.65 n/m
Capex — — — — — — (0.29) (0.35) (0.54) (0.51) (0.56) +21.4%
Free cash flow — — — — — — (0.52) 0.16 0.31 0.80 1.09 n/m
Book value — — — — — — (0.19) (0.41) 10.06 10.48 11.82 n/m
Shares, m — — — — — — 384 385 498 556 565 +13.1%
Valuation, ×
Valuation, × P/E — — — — — — 0.00 0.00 199.71 48.51 32.25 62.1
P/S — — — — — — 1.17 1.17 2.69 3.16 2.45 2.0
P/B — — — — — — 0.00 0.00 2.78 3.57 2.65 1.6
EV/Sales — — — — — — 2.55 2.55 2.88 3.30 2.48 2.8
EV/FCF — — — — — — 355.72 355.72 97.37 48.63 29.03 214.4
Cash, $m
Cash, $m Operating cash flow — — — — — — (92) 199 425 730 961 n/m
Capex — — — — — — (110) (136) (271) (284) (326) +37.3%
Free cash flow — — — — — — (201) 63 154 446 635 n/m
Balance, $m
Balance, $m Working capital — — — — — — 893 778 845 1,095 1,499 +7.0%
Net debt — — — — — — 5,771 6,088 1,021 944 202 (45.3%)
Shareholders’ equity — — — — — — (74) (157) 5,008 5,821 6,888 n/m
Returns, %
Returns, % ROA — — — — — — 0.00 (2.56) 0.87 4.63 5.68 +4.6 pt
ROIC — — — — — — 0.56 3.19 4.88 6.48 8.43 +5.9 pt
ROE — — — — — — 0.00 180.84 2.99 7.89 8.80 +7.9 pt
People
People Employees — — — — — — 10,800 11,400 13,400 15,400 — +12.6%
Revenue/emp, $m — — — — — — 0.33 0.39 0.39 0.43 — +9.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Amer Sports, Inc. vs peers in Leisure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AS Amer Sports, Inc. $18.2B 32.2× 23.8× +32.06% (above 0%: growing) +500.00% (above 0%: growing) +169.07% (above 0%: growing) 65.64% 11.74%
HAS Hasbro, Inc. $16.7B 17.6× 17.6× +14.98% (above 0%: growing) +68.67% (above 0%: growing) +11.38% (above 0%: growing) 75.88% 32.43% Compare
LTH Life Time Group Holdings, Inc. $10.7B 25.2× 27.6× +14.17% (above 0%: growing) +1.13% (above 0%: growing) −193.08% (below 0%: shrinking) 46.89% 17.68% Compare
GOLF Acushnet $4.9B 22.5× 21.3× −1.28% (below 0%: shrinking) +4.56% (above 0%: growing) +39.79% (above 0%: growing) 49.59% 12.37% Compare
PLNT Planet Fitness, Inc. $4.5B 20.4× 18.0× +8.97% (above 0%: growing) +26.09% (above 0%: growing) −62.29% (below 0%: shrinking) 81.84% 28.19% Compare
MAT Mattel, Inc. $4.3B 10.9× 9.7× +10.48% (above 0%: growing) n/m +29.42% (above 0%: growing) 48.17% 0.97% Compare
YETI YETI Holdings, Inc. $3.4B 20.1× 15.1× +8.52% (above 0%: growing) +53.23% (above 0%: growing) −18.84% (below 0%: shrinking) 66.66% 19.33% Compare
OSW OneSpaWorld Holdings Limited $3.1B 36.6× 32.6× +6.97% (above 0%: growing) +16.04% (above 0%: growing) +58.18% (above 0%: growing) 17.97% 10.83% Compare
CALY Callaway Golf Company $2.8B — (loss-making) 25.8× +1.97% (above 0%: growing) +281.82% (above 0%: growing) +101.95% (above 0%: growing) 50.10% 18.75% Compare
Median of peers $4.4B 20.4× 19.7× +8.75% +26.09% +20.40% 49.85% 18.22%

All 28 Leisure stocks →

Amer Sports, Inc. (AS) Latest News

25 Aug

Impact 4 · · The Motley Fool transcript

AS metrics, ten years each

stockrow.com/AS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com