Levi Strauss & Co. (LEVI) vs Under Armour, Inc. (UAA)

Levi Strauss & Co. and Under Armour, Inc. are both Apparel Manufacturing companies. Levi Strauss & Co. is the larger, with a market value of $7.3B against $2.1B — 3.5× the size. Under Armour, Inc. has negative trailing earnings, so its P/E is not meaningful; Levi Strauss & Co. trades at 12.3×. Levi Strauss & Co. grew revenue faster over the last twelve months: 6.61% against −3.61%. Levi Strauss & Co. has the higher net margin (8.83% vs −9.99%) and the higher return on invested capital (17.6% vs −4.61%). Across the 18 metrics below, Levi Strauss & Co. leads on 12 and Under Armour, Inc. on 6.

Valuation

Metric LEVI UAA Apparel Manufacturing median
P/E 12.33 n/m 17.44
P/S 1.08 0.43 0.45
P/B 2.99 1.47 1.45
Price to free cash flow 11.22 n/m 7.97
EV/EBITDA 8.45 n/m 8.45
EV/Sales 1.24 0.59 0.57
Earnings yield 8.11% (23.35%) 0.00%
Free cash flow yield 8.92% (3.85%) 10.15%

Profitability

Metric LEVI UAA Apparel Manufacturing median
Gross margin 62.81% 46.78% 48.31%
Operating margin 11.28% (2.43%) 2.46%
Net margin 8.83% (9.99%) (0.46%)
Free cash flow margin 9.64% (1.65%) 5.26%
Return on equity 25.76% (29.82%) 4.29%
Return on assets 8.68% (10.99%) 0.00%
Return on invested capital 17.58% (4.61%) 0.00%

Growth

Metric LEVI UAA Apparel Manufacturing median
Revenue growth (TTM) 6.61% (3.61%) 0.02%
EPS growth (last fiscal year) 178.85% (146.81%) (7.11%)
Revenue growth, 5-year CAGR 7.13% (2.66%) 6.36%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LEVI UAA Apparel Manufacturing median
Debt to equity 0.43 0.41 0.23
Current ratio 1.63 1.81 1.81
Net debt to EBITDA 0.21 (5.45) (0.43)

Dividend

Metric LEVI UAA Apparel Manufacturing median
Dividend yield 3.96% — 2.11%
Payout ratio 0.49 — 0.41

Size

Metric LEVI UAA Apparel Manufacturing median
Market cap 7.33b 2.07b 381.64m

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