| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | 2 | 3 | — | — | — | 1 | — | — | 1 | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Cash | 858.69 | 501.36 | 914.56 | 395.98 |
| Receivables | 757.34 | 675.82 | 681.86 | 646.12 |
| Inventory | 958.50 | 945.84 | 914.75 | 1,109.25 |
| Other | — | — | — | — |
| 2,863.68 | 2,329.10 | 2,718.68 | 2,369.17 |
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Payables | 483.73 | 429.94 | 420.08 | 668.98 |
| ST’ Debt | 80.92 | — | 599.84 | — |
| Other | 173.63 | 200.40 | 172.43 | 176.81 |
| 1,165.46 | 1,109.14 | 1,676.79 | 1,308.58 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 1,097.93 | — | — | — |
—
|
| ’26 | 1,134.07 | 1,333.38 | 1,327.76 | 1,171.16 |
4,966.37
|
| ’25 | 1,183.67 | 1,399.02 | 1,401.04 | 1,180.58 |
5,164.31
|
| ’24 | — | — | — | 1,332.20 |
5,701.88
|
| ’23 | 1,316.97 | 1,566.67 | 1,486.04 | — |
5,859.00
|
| ’23 | 1,349.06 | 1,573.89 | 1,581.78 | 1,300.95 |
5,903.17
|
| ’21 | 1,351.53 | 1,545.53 | 1,528.00 | 1,257.20 |
5,682.59
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 109.14 | — | — | — |
—
|
| ’26 | 48.85 | (69.83) | 278.06 | (332.17) |
(75.09)
|
| ’25 | 152.98 | (321.38) | 311.29 | (202.20) |
(59.32)
|
| ’24 | — | — | — | (122.89) |
353.97
|
| ’23 | (6.01) | 61.49 | 421.38 | — |
(9.91)
|
| ’23 | 87.50 | (89.99) | 76.90 | (321.44) |
(39.89)
|
| ’21 | 252.82 | 107.63 | 454.96 | (150.59) |
660.57
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 94.54 | — | — | — |
—
|
| ’26 | 13.49 | (90.32) | 261.94 | (347.27) |
(162.16)
|
| ’25 | 107.29 | (367.21) | 262.93 | (231.02) |
(228.00)
|
| ’24 | — | — | — | (156.68) |
203.64
|
| ’23 | (38.56) | 18.66 | 380.22 | — |
(9.91)
|
| ’23 | 51.75 | (148.11) | 23.14 | (361.37) |
(197.95)
|
| ’21 | 233.64 | 78.47 | 442.86 | (158.49) |
595.95
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 0.00 | — | — | — |
—
|
| ’26 | (0.01) | (0.04) | (1.01) | (0.10) |
(1.16)
|
| ’25 | (0.70) | 0.39 | 0.00 | (0.16) |
(0.47)
|
| ’24 | — | — | — | 0.02 |
0.52
|
| ’23 | 0.02 | 0.24 | 0.25 | — |
0.84
|
| ’23 | 0.02 | 0.19 | 0.27 | (0.13) |
0.84
|
| ’21 | 0.13 | 0.24 | 0.23 | 0.17 |
0.77
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 5.74 | 5.86 | 6.02 | 3.95 | 4.67 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 18.65 | 11.42 | 10.62 | 7.85 | 7.91 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 15,000 | 15,000 | 14,400 | 14,100 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 0.39 | 0.38 | 0.36 | 0.35 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 5,903.17 | 5,701.88 | 5,164.31 | 4,966.37 | — | — | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 44.79% | 46.13% | 47.92% | 45.48% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 267.86 | 262.07 | (204.76) | (200.68) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 4.54% | 4.60% | (3.96%) | (4.04%) | — | — | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (351.00) | 374.46 | 232.04 | (201.27) | (495.64) | — | — | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 137.65 | 144.62 | 138.12 | 112.48 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 13.08 | 12.95 | 11.95 | 11.64 | — | — | — |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | — | 0.86 | 0.53 | (0.47) | (1.16) | — | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | (0.09) | 0.80 | (0.14) | (0.18) | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | (0.35) | (0.34) | (0.39) | (0.20) | — | — | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | (0.44) | 0.46 | (0.53) | (0.38) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | 4.36 | 4.89 | 4.37 | 3.32 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 451.43 | 440.32 | 432.25 | 426.58 | — | — | — |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | — | 9.92 | 12.76 | 0.00 | 0.00 | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 0.65 | 0.54 | 0.50 | 0.50 | — | — | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 1.96 | 1.44 | 1.36 | 1.75 | — | — | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 0.67 | 0.51 | 0.53 | 0.55 | — | — | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | (19.98) | 14.28 | (12.05) | (16.93) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | (39.89) | 353.97 | (59.32) | (75.09) | — | — | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | (158.07) | (150.33) | (168.68) | (87.07) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | (197.95) | 203.64 | (228.00) | (162.16) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,534.23 | 1,589.20 | 1,698.22 | 1,219.95 | 1,041.90 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 672.29 | 674.48 | 675.79 | 595.13 | 1,190.44 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (336.85) | (36.45) | (182.90) | 93.76 | 275.88 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,728.95 | 1,966.15 | 2,153.29 | 1,890.28 | 1,414.36 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 0.00% | 8.07% | 4.83% | (4.44%) | (11.37%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00% | 8.54% | 7.29% | (5.83%) | (6.03%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00% | 20.27% | 11.18% | (9.95%) | (30.00%) | — | — | — |
ROE
|
Under Armour (UA) has endured a dramatic fall from its 2016 peak of $46 per share to multi-year lows near $11 today, battered by stagnant revenue growth, fierce competition from Nike and Lululemon, and profitability volatility amid operational hiccups like inventory gluts and leadership changes. Despite modest revenue climbing to $5.9 billion by 2023, projections signal a sharp 9% contraction to $5.16 billion in 2025, with earnings swinging back to losses and free cash flow turning negative—highlighting execution risks in a premium athleisure market shifting toward athleisure disruptors.
Yet, glimmers of opportunity emerge: a resilient balance sheet with $2 billion in equity, manageable debt, and improving gross margins near 48% provide a valuation floor, with compressed multiples (EV/Sales at 0.53, PB at 1.36) trading flat to average targets but boasting 58% upside to the high end. Insider activity screams conviction, with $220 million in buys—led by massive purchases tied to CEO Kevin Plank’s 2024 return—far outpacing negligible sells, suggesting internal bets on a turnaround amid depressed pricing.
This high-risk setup demands scrutiny of Q1 2026 earnings for demand recovery and cash flow stabilization, but for growth seekers eyeing undervalued rebounds, UA’s insider-fueled spark could ignite outsized gains if Plank recaptures the moat.
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