UAAUnder Armour, Inc.

$5.15

Is the business good?

How good a business is UAA?

Under Armour, Inc. earns −5.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

−5.8%

Return on invested capital · cost of capital 9.0% · 15 points below what the capital costs: growth destroys value

Operating margin
−2.4%

Operating margin · Apparel Manufacturing median 6.9% · 12 months to Q1 2027

Share count, year on year
+1.1%

Share count, year on year · shareholders own a smaller slice than a year ago

Gross margin
47%

Gross margin

Operating margin by fiscal year
YearOperating margin
FY2020−14%
FY20218.4%
FY20234.5%
FY20244.0%
FY2025−3.6%
FY2026−3.3%
Details
Gross margin12 months to Q1 2027
47%
Operating margin12 months to Q1 2027
−2.4%
Net margin12 months to Q1 2027
−10.0%
Free cash flow margin
−1.7%
Revenue, trailing twelve months
$4.93B
Free cash flow, trailing twelve months
−$81M
Net income, trailing twelve months
−$492M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
−5.8%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.