Under Armour, Inc.
UA Consumer Cyclical Apparel Manufacturing
Under Armour, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $5.0 billion, down 3.83% from fiscal 2025. In the quarter to June 2026, revenue fell 3.19%, EPS grew 121.3%, free cash flow grew 600.8% and total debt fell 40.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow UA
Under Armour, Inc. (UA) Piotroski F-score
Under Armour, Inc.'s Piotroski F-score for fiscal 2026 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 8 in fiscal 2021.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 2 | (6.00) |
| FY2021 | 8 | 4.00 |
| FY2020 | 4 | (2.00) |
| FY2019 | 6 | 2.00 |
| FY2018 | 4 | 1.00 |
| FY2017 | 3 | (1.00) |
| FY2016 | 4 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (11.37%) | (4.44%) | Fail | 0 |
| Positive operating cash flow | (75.09m) | (59.32m) | Fail | 0 |
| Rising return on assets | (11.37%) | (4.44%) | Fail | 0 |
| Cash flow above net income | 420.56m | 141.95m | Pass | 1 |
| Falling long-term leverage | 0.14 | 0.13 | Fail | 0 |
| Rising current ratio | 1.62 | 2.10 | Fail | 0 |
| No new shares issued | 426,575,000 | 432,245,000 | Pass | 1 |
| Rising gross margin | 45.48% | 47.92% | Fail | 0 |
| Rising asset turnover | 1.14 | 1.14 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| FIGS FIGS, Inc. compare | 8 |
| VFC V.F. Corporation compare | 7 |
| ZGN Ermenegildo Zegna N.V. compare | 7 |
| COLM Columbia Sportswear Company compare | 7 |
| PVH PVH Corp. compare | 6 |
| GIII G-III Apparel Group, LTD. compare | 5 |
| KTB Kontoor Brands, Inc. compare | 5 |
| UAA Under Armour, Inc. compare | 2 |
| UA Under Armour, Inc. | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover