Is the business good?
How good a business is COLM?
Columbia Sportswear Company earns 15% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
15%
Return on invested capital · cost of capital 9.0% · 6.3 points above what the capital costs: growth creates value
- Operating margin
- 6.0%
Operating margin · Apparel Manufacturing median 6.9% · 12 months to Q1 2026
- Cash conversion
- 1.03×
Cash conversion · 1.31× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −5.9%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 5.5% |
| FY2021 | 14% |
| FY2022 | 11% |
| FY2023 | 8.9% |
| FY2024 | 8.0% |
| FY2025 | 6.1% |
Details›
- Gross margin12 months to Q1 2026
- 50%
- Operating margin12 months to Q1 2026
- 6.0%
- Net margin12 months to Q1 2026
- 5.0%
- Free cash flow margin
- 5.1%
- Revenue, trailing twelve months
- $3.40B
- Free cash flow, trailing twelve months
- $174M
- Net income, trailing twelve months
- $169M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 15%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Apparel Manufacturing
Ranks #11 of 11 by Smart Score