Friday 6 November 2026
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Under Armour, Inc.
UAA 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.
- Revenue
- −3.19%
- EPS
- +121.3%
- Free cash flow
- +600.8%
- Total debt
- −40.2%
Quarter to June 2026, against a year earlier
5.57
0.20
−3.47%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jun ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 4,989 | 5,193 | 5,267 | 4,475 | 5,683 | — | 5,859 | 5,702 | 5,164 | 4,966 | 4,930 | (0.1%) | 4,728 | 4,832 | 5,027 | +0.4% | |
| Gross margin, % | 45.13 | 45.07 | 46.90 | 48.27 | 50.34 | — | 44.39 | 46.13 | 47.92 | 45.48 | 46.78 | +0.4 pt | ||||||
| EBT | (10) | (68) | 210 | (493) | 380 | — | 288 | 262 | (205) | (201) | (166) | +39.1% | ||||||
| EBT margin, % | (0.21) | (1.31) | 3.98 | (11.01) | 6.69 | — | 4.92 | 4.60 | (3.96) | (4.04) | (3.37) | (3.8) pt | ||||||
| Net income | (48) | (46) | 92 | (549) | 351 | 0 | 387 | 232 | (201) | (496) | (492) | +29.5% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 11.32 | 11.65 | 11.68 | 9.85 | 12.21 | — | 12.99 | 12.95 | 11.95 | 11.64 | 11.53 | +0.3% | |||||
| Earnings | (0.11) | (0.10) | 0.20 | (1.21) | 0.75 | — | 0.84 | 0.53 | (0.47) | (1.16) | (1.15) | +30.0% | ||||||
| Cash flow | 0.54 | 1.41 | 1.13 | 0.47 | 1.42 | — | (0.02) | 0.80 | (0.14) | (0.18) | (0.03) | n/m | ||||||
| Capex | (0.64) | (0.36) | (0.32) | (0.20) | (0.14) | — | 0.00 | (0.34) | (0.39) | (0.20) | (0.15) | (11.9%) | ||||||
| Free cash flow | (0.10) | 1.05 | 0.81 | 0.27 | 1.28 | — | (0.02) | 0.46 | (0.53) | (0.38) | (0.19) | +16.0% | ||||||
| Book value | 4.58 | 4.52 | 4.77 | 3.69 | 4.49 | 0.00 | 4.43 | 4.89 | 4.37 | 3.32 | 3.34 | (3.5%) | ||||||
| Shares, m | 441 | 446 | 451 | 454 | 466 | — | 451 | 440 | 432 | 427 | 427 | (0.4%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 102.86 | 0.00 | 27.52 | — | 9.54 | 13.41 | 0.00 | 0.00 | 0.00 | 17.0 | |||||
| P/S | 1.33 | 1.52 | 1.85 | 1.75 | 1.78 | — | 0.66 | 0.56 | 0.52 | 0.51 | 0.48 | 1.2 | ||||||
| P/B | 3.28 | 3.91 | 4.53 | 4.66 | 4.83 | — | 1.75 | 1.49 | 1.43 | 1.78 | 1.67 | 3.1 | ||||||
| EV/Sales | 1.45 | 1.55 | 1.84 | 1.85 | 1.74 | — | 0.60 | 0.53 | 0.56 | 0.56 | 0.64 | 1.2 | ||||||
| EV/FCF | (42.97) | 18.49 | 40.72 | (29.86) | 16.61 | — | 14.57 | 14.91 | (12.61) | (17.25) | (39.17) | 0.3 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 237 | 628 | 509 | 213 | 661 | — | (10) | 354 | (59) | (75) | (15) | n/m | |||||
| Capex | (281) | (159) | (146) | (92) | (65) | — | (188) | (150) | (169) | (87) | (66) | (12.2%) | ||||||
| Free cash flow | (44) | 469 | 363 | 121 | 596 | — | (10) | 204 | (228) | (162) | (81) | +15.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 1,277 | 1,278 | 1,280 | 1,810 | 1,886 | 1,534 | 1,603 | 1,698 | 1,220 | 1,042 | 1,061 | (2.2%) | |||||
| Net debt | 605 | 171 | (69) | (351) | (868) | (337) | 793 | (183) | 94 | 276 | 195 | (8.3%) | ||||||
| Shareholders’ equity | 2,019 | 2,017 | 2,150 | 1,676 | 2,089 | 1,729 | 1,998 | 2,153 | 1,890 | 1,414 | 1,428 | (3.9%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (1.26) | (1.12) | 2.03 | (11.12) | 7.00 | 0.00 | 7.99 | 4.83 | (4.44) | (11.37) | (10.99) | (10.1) pt | |||||
| ROIC | 0.66 | (0.71) | 7.11 | (28.93) | 24.33 | 0.00 | 0.00 | 7.29 | (5.83) | (6.03) | (4.61) | (6.7) pt | ||||||
| ROE | (2.38) | (2.29) | 4.42 | (28.71) | 18.65 | 0.00 | 19.53 | 11.18 | (9.95) | (30.00) | (29.82) | (27.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 15,800 | 15,000 | 16,400 | 16,600 | 17,500 | — | 15,000 | 15,000 | 14,400 | 14,100 | — | (1.3%) | |||||
| Revenue/emp, $m | 0.32 | 0.35 | 0.32 | 0.27 | 0.32 | — | 0.00 | 0.38 | 0.36 | 0.35 | — | +1.2% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · latest quarter Jun 2026 · fundamentals updated 28 Sep 2026
Under Armour, Inc. vs peers in Apparel Manufacturing (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 |
|---|---|---|---|---|---|---|---|---|---|
| VFC V.F. Corporation | $8.0B | 21.6× | 15.1× | −3.84% (below 0%: shrinking) | +48.98% (above 0%: growing) | +21.05% (above 0%: growing) | 55.38% | 13.65% | Compare |
| ZGN Ermenegildo Zegna N.V. | $5.9B | — (loss-making) | 32.0× | — | n/m | +56.38% (above 0%: growing) | 55.40% | 0.00% | Compare |
| KTB Kontoor Brands, Inc. | $4.3B | 21.7× | 13.6× | −19.67% (below 0%: shrinking) | n/m | −2.98% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| PVH PVH Corp. | $4.3B | — (loss-making) | 15.0× | −3.24% (below 0%: shrinking) | n/m | +111.16% (above 0%: growing) | 63.03% | (9.10%) | Compare |
| COLM Columbia Sportswear Company | $3.5B | 15.1× | 14.1× | +2.03% (above 0%: growing) | +75.47% (above 0%: growing) | −15.94% (below 0%: shrinking) | 49.76% | 11.39% | Compare |
| FIGS FIGS, Inc. | $3.4B | 45.2× | 58.3× | +25.73% (above 0%: growing) | +140.00% (above 0%: growing) | +9,537.66% (above 0%: growing) | 69.27% | 11.65% | Compare |
| UAA Under Armour, Inc. | $2.4B | — (loss-making) | 518× | −3.19% (below 0%: shrinking) | n/m | +600.79% (above 0%: growing) | 54.09% | 4.26% | |
| UA Under Armour, Inc. | $2.3B | — (loss-making) | — | −3.19% (below 0%: shrinking) | n/m | +600.79% (above 0%: growing) | 54.09% | 4.26% | Compare |
| GIII G-III Apparel Group, LTD. | $1.4B | 10.0× | 7.3× | −9.65% (below 0%: shrinking) | +84.62% (above 0%: growing) | +165.05% (above 0%: growing) | 45.19% | 1.95% | Compare |
| Median of peers | $3.9B | 21.6× | 15.0× | −3.24% | +80.05% | +83.77% | 54.74% | 3.11% |
Pay and ownership Proxy statement filed 15 July 2026
Ownership
Directors and executive officers, together
64.70% of the votes
Kevin A. Plank
64.60% of the votes
Fairfax Financial Holdings Limited
8.50% of the votes
BlackRock, Inc.
3.80% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Under Armour, Inc. (UAA) Latest News
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UAA metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score