Amer Sports, Inc.(AS)Earnings, Financials & Key Ratios
AS•NYSE
48.5× P/E·Price updated Jun 19, 2026
AboutAmer Sports, Inc. designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. The company operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports. The Technical Apparel segment offers outdoor apparel, footwear, and accessories under the Arc'teryx and Peak Performance brands. The Outdoor Performance segment provides outdoor apparel, footwear, accessories, and winter sports equipment under the Salomon, Atomic, Armada, and ENVE brands. The Ball & Racquet Sports segment offers sports equipment, apparel, and accessories under the Wilson, DeMarini, Louisville Slugger, EvoShield, and ATEC brands. The company also provides climbing gears, hiking and running footwear, skiing and snowboarding gears, functional athletic apparel, and lifestyle footwear, as well as sporting equipment for tennis, baseball, American football, basketball, golf, and various other professional and recreational sports. It sells its products through its retail stores, general sporting goods retailers, specialty stores, independently operated partner stores, and distributors, as well as its e-commerce websites, and retailer-owned and third-party e-commerce websites. The company was formerly known as Amer Sports Management Holding (Cayman) Limited and changed its name to Amer Sports, Inc. in August 2023. Amer Sports, Inc. was founded in 1950 and is based in Helsinki, Finland.Show more
- Revenue$6.57B+26.7%
- EBITDA$1.06B+42.9%
- Net Income$427M+488.7%
- EPS (Diluted)0.76+442.9%
- Gross Margin57.63%+4.0%
- EBITDA Margin16.2%+12.8%
- Operating Margin10.35%+14.0%
- Net Margin6.51%+364.7%
- ROE7.89%+163.7%
AS Key Insights
Amer Sports, Inc. (AS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 21.8%
✗Weaknesses
- ✗Shares diluted 12.2% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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AS Price & Volume
Amer Sports, Inc. (AS) stock price & volume — 10-year historical chart
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AS Growth Metrics
Amer Sports, Inc. (AS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years21.83%
3 Years22.51%
TTM28.85%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM126.32%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM115.64%
Return on Capital
10 Years4.36%
5 Years4.9%
3 Years6.97%
Last Year9.29%
AS Recent Earnings
Amer Sports, Inc. (AS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (90%)●Beat Revenue 7/12 qtrs (78%)
Q2 2026Latest
May 19, 2026Metric
Actual
Est
EPS
$0.38+24.1%
$0.31
Rev
$1.9B+5.9%
$1.8B
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$0.31+11.0%
$0.28
Rev
$2.1B+5.3%
$2.0B
Q4 2025
Nov 18, 2025Metric
Actual
Est
EPS
$0.33+31.0%
$0.25
Rev
$1.8B+2.1%
$1.7B
Q3 2025
Aug 19, 2025Metric
Actual
Est
EPS
$0.06+143.2%
$0.02
Rev
$1.2B+5.0%
$1.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 19, 2026 | $0.38vs $0.31+24.1% | $1.9Bvs $1.8B+5.9% |
| Q1 2026 | Feb 24, 2026 | $0.31vs $0.28+11.0% | $2.1Bvs $2.0B+5.3% |
| Q4 2025 | Nov 18, 2025 | $0.33vs $0.25+31.0% | $1.8Bvs $1.7B+2.1% |
| Q3 2025 | Aug 19, 2025 | $0.06vs $0.02+143.2% | $1.2Bvs $1.2B+5.0% |
Based on last 12 quarters of dataView full earnings history →
AS Peer Comparison
Amer Sports, Inc. (AS) competitors in Sporting Goods and Outdoor Recreation — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NKE | 53.83B | 45.20 | 20.93 | -9.84% | 5.43% | 17.92% | 0.83 | |
 UAA | 2.59B | 6.06 | -5.22 | -3.86% | -9.94% | -30.13% | 1.37 | |
 COLM | 3.48B | 66.46 | 20.51 | 0.84% | 4.98% | 10.26% | 0.51 | |
 VFC | 6.79B | 17.33 | 27.08 | 1.06% | 2.65% | 15.92% | 2.69 | |
 RL | 25.19B | 413.01 | 27.33 | 14.63% | 11.6% | 34.77% | 1.05 | |
 ONON | 12.96B | 38.88 | 53.64 | 24.16% | 8.05% | 15.91% | 0.36 | |
 BIRK | 8.48B | 46.11 | 21.42 | 16.22% | 16.28% | 12.95% | 0.48 | |
 DECK | 15.15B | 109.11 | 15.54 | 9.4% | 18.73% | 40.79% | 0.15 |
Compare AS vs Peers
Amer Sports, Inc. (AS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AS Income Statement
Amer Sports, Inc. (AS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 2.45B | 3.07B | 3.57B | 4.4B | 5.18B | 6.57B | 7.04B |
Revenue Growth % | - | 25.35% | 16.46% | 23.22% | 17.79% | 26.68% | 28.85% |
Cost of Goods Sold | 1.3B | 1.56B | 1.79B | 2.09B | 2.31B | 2.78B | 2.94B |
COGS % of Revenue | 53.04% | 50.9% | 49.99% | 47.55% | 44.6% | 42.37% | - |
Gross Profit | 1.15B▲ 0% | 1.51B▲ 31.0% | 1.79B▲ 18.6% | 2.31B▲ 29.2% | 2.87B▲ 24.4% | 3.78B▲ 31.8% | 4.1B▲ 0% |
Gross Margin % | 46.96% | 49.1% | 50.01% | 52.45% | 55.4% | 57.63% | 58.23% |
Gross Profit Growth % | - | 31.05% | 18.62% | 29.23% | 24.42% | 31.77% | - |
Operating Expenses | 1.02B | 1.32B | 1.74B | 2.01B | 2.4B | 3.1B | 3.3B |
OpEx % of Revenue | 41.85% | 43% | 48.59% | 45.58% | 46.32% | 47.28% | - |
Selling, General & Admin | 1.01B | 1.33B | 1.54B | 2.01B | 2.43B | 3.1B | 3.31B |
SG&A % of Revenue | 41.31% | 43.27% | 43.26% | 45.78% | 46.89% | 47.28% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - |
Other Operating Expenses | 13.3M | -8.3M | 190.4M | -8.9M | -29.4M | 0 | 0 |
Operating Income | 125.1M▲ 0% | 186.9M▲ 49.4% | 50.6M▼ 72.9% | 302.5M▲ 497.8% | 470.8M▲ 55.6% | 679.7M▲ 44.4% | 796.7M▲ 0% |
Operating Margin % | 5.11% | 6.09% | 1.42% | 6.87% | 9.08% | 10.35% | 11.32% |
Operating Income Growth % | - | 49.4% | -72.93% | 497.83% | 55.64% | 44.37% | - |
EBITDA | 355.2M | 393M | 247.6M | 523.4M | 744.6M | 1.06B | 1.02B |
EBITDA Margin % | 14.52% | 12.82% | 6.93% | 11.89% | 14.37% | 16.2% | 14.51% |
EBITDA Growth % | - | 10.64% | -37% | 111.39% | 42.26% | 42.88% | 28.81% |
D&A (Non-Cash Add-back) | 230.1M | 206.1M | 197M | 220.9M | 273.8M | 384.2M | 208.9M |
EBIT | 112.6M | 175.5M | 61.3M | 297.1M | 380M | 722.2M | 815.9M |
Net Interest Income | -271.4M | -277M | -245.8M | -399.3M | -222.5M | -91.3M | -93M |
Interest Income | 1M | 1.6M | 3.1M | 2.4M | 8.8M | 6.4M | 7.6M |
Interest Expense | 272.4M | 278.6M | 248.9M | 401.7M | 230.8M | 97.7M | 100.6M |
Other Income/Expense | -272.5M | -276.7M | -233.2M | -407.1M | -309.6M | -55.2M | -129.2M |
Pretax Income | -147.4M▲ 0% | -89.8M▲ 39.1% | -182.6M▼ 103.3% | -104.6M▲ 42.7% | 161.2M▲ 254.1% | 624.5M▲ 287.4% | 667.5M▲ 0% |
Pretax Margin % | -6.03% | -2.93% | -5.11% | -2.38% | 3.11% | 9.51% | 9.48% |
Income Tax | 26.2M | 34.7M | 48.3M | 104.2M | 82.8M | 184.1M | 195.1M |
Effective Tax Rate % | -17.77% | -38.64% | -26.45% | -99.62% | 51.36% | 29.48% | 29.23% |
Net Income | -237.2M▲ 0% | -126.3M▲ 46.8% | -252.7M▼ 100.1% | -208.6M▲ 17.5% | 72.6M▲ 134.8% | 427.4M▲ 488.7% | 457.4M▲ 0% |
Net Margin % | -9.7% | -4.12% | -7.08% | -4.74% | 1.4% | 6.51% | 6.5% |
Net Income Growth % | - | 46.75% | -100.08% | 17.45% | 134.8% | 488.71% | 126.32% |
Net Income (Continuing) | -173.6M | -124.5M | -230.9M | -208.8M | 78.4M | 440.4M | 472.4M |
Discontinued Operations | -63.6M | -1.8M | -21.8M | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 3.4M | 9.1M | 18.9M | 11.4M |
EPS (Diluted) | -0.48▲ 0% | -0.26▲ 45.8% | -0.52▼ 100.0% | -0.43▲ 17.3% | 0.14▲ 132.6% | 0.76▲ 442.9% | 0.80▲ 0% |
EPS Growth % | - | 45.83% | -100% | 17.31% | 132.56% | 442.86% | 115.64% |
EPS (Basic) | -0.48 | -0.26 | -0.52 | -0.43 | 0.15 | 0.77 | - |
Diluted Shares Outstanding | 489.5M | 489.5M | 489.5M | 489.5M | 501.75M | 563.08M | 572.24M |
Basic Shares Outstanding | 489.5M | 489.5M | 489.5M | 489.5M | 498.03M | 555.61M | 564.9M |
Dividend Payout Ratio | - | - | - | - | - | - | - |
AS Balance Sheet
Amer Sports, Inc. (AS) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 2.16B | 1.89B | 2.17B | 2.35B | 2.4B | 3.3B | 3.32B |
Cash & Short-Term Investments | 389.5M | 566.7M | 402M | 483.4M | 345.4M | 652.3M | 683.7M |
Cash Only | 389.5M | 566.7M | 402M | 483.4M | 345.4M | 652.3M | 683.7M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 602.9M | 629.7M | 757.9M | 717M | 746.7M | 829.6M | 723.9M |
Days Sales Outstanding | 89.96 | 74.95 | 77.46 | 59.47 | 52.58 | 46.12 | 40.39 |
Inventory | 569.5M | 512.49M | 855M | 1.1B | 1.22B | 1.62B | 1.69B |
Days Inventory Outstanding | 160.22 | 119.84 | 174.81 | 191.82 | 193.17 | 212.83 | 205.35 |
Other Current Assets | 558.5M | 144.81M | 81M | 12.5M | 43.7M | 200M | 222.8M |
Total Non-Current Assets | 6.47B | 5.33B | 5.36B | 6.02B | 5.94B | 6.76B | 6.69B |
Property, Plant & Equipment | 653.6M | 510.46M | 511.13M | 719M | 1.07B | 1.46B | 1.48B |
Fixed Asset Turnover | 3.74x | 6.01x | 6.99x | 6.12x | 4.83x | 4.49x | 5.15x |
Goodwill | 2.56B | 2.48B | 2.24B | 2.27B | 2.13B | 2.34B | 2.3B |
Intangible Assets | 3.08B | 2.87B | 2.76B | 2.75B | 2.59B | 2.78B | 2.74B |
Long-Term Investments | 400K | 263.81K | 8.34M | 9.2M | 16.8M | 70.7M | 273.8M |
Other Non-Current Assets | 13.5M | -623.83M | -257.9M | 113.5M | 61M | 24.1M | 23.6M |
Total Assets | 8.62B▲ 0% | 6.99B▼ 18.9% | 7.4B▲ 5.8% | 8.37B▲ 13.2% | 8.34B▼ 0.4% | 10.06B▲ 20.7% | 10.01B▲ 0% |
Asset Turnover | 0.28x | 0.44x | 0.48x | 0.53x | 0.62x | 0.65x | 0.73x |
Asset Growth % | - | -18.92% | 5.82% | 13.2% | -0.45% | 20.73% | 57.52% |
Total Current Liabilities | 1.16B | 947.2M | 1.28B | 1.57B | 1.55B | 2.21B | 1.99B |
Accounts Payable | 293M | 320.2M | 435.6M | 426.5M | 549M | 769.8M | 672.6M |
Days Payables Outstanding | 82.43 | 74.88 | 89.06 | 74.4 | 86.69 | 101 | 78.7 |
Short-Term Debt | 198.2M | 34.8M | 208.3M | 381M | 136.5M | 299.9M | 309.9M |
Deferred Revenue (Current) | 38.2M | 53M | 45.9M | 50.7M | 0 | 0 | 197.2M |
Other Current Liabilities | 294.7M | 107.6M | 137.1M | 398.7M | 667.3M | 1.04B | 903.8M |
Current Ratio | 1.86x | 2.00x | 1.70x | 1.49x | 1.54x | 1.50x | 1.66x |
Quick Ratio | 1.37x | 1.46x | 1.03x | 0.80x | 0.76x | 0.76x | 0.82x |
Cash Conversion Cycle | 167.74 | 119.92 | 163.21 | 176.89 | 159.06 | 157.94 | 167.04 |
Total Non-Current Liabilities | 7.62B | 6.96B | 6.69B | 6.96B | 1.77B | 2.03B | 1.26B |
Long-Term Debt | 6.53B | 6.04B | 5.83B | 5.94B | 790.8M | 1.45B | 0 |
Capital Lease Obligations | 195M | 158.2M | 133M | 250.4M | 439M | 660.9M | 2.44B |
Deferred Tax Liabilities | 0 | 678.3M | 655.3M | 675M | 487.4M | 519.5M | 2.05B |
Other Non-Current Liabilities | 894.2M | 92.4M | 70.1M | 90.9M | 56.3M | -599.3M | 66.2M |
Total Liabilities | 8.78B | 6.96B | 7.47B | 8.53B | 3.33B | 4.24B | 3.25B |
Total Debt | 6.99B | 6.3B | 6.24B | 6.66B | 1.48B | 2.41B | 1B |
Net Debt | 6.6B | 5.73B | 5.83B | 6.18B | 1.14B | 1.76B | 317.3M |
Debt / Equity | - | 188.40x | - | - | 0.30x | 0.41x | 0.15x |
Debt / EBITDA | 19.67x | 16.02x | 25.19x | 12.73x | 1.99x | 2.27x | 0.98x |
Net Debt / EBITDA | 18.57x | 14.58x | 23.56x | 11.80x | 1.53x | 1.66x | 0.31x |
Interest Coverage | 0.41x | 0.63x | 0.25x | 0.74x | 1.65x | 7.39x | 8.11x |
Total Equity | -152.9M▲ 0% | 33.42M▲ 121.9% | -69.24M▼ 307.2% | -156.8M▼ 126.4% | 5.01B▲ 3294.1% | 5.82B▲ 16.2% | 6.76B▲ 0% |
Equity Growth % | - | 121.85% | -307.22% | -126.45% | 3294.13% | 16.22% | 120.8% |
Book Value per Share | -0.31 | 0.07 | -0.14 | -0.32 | 9.98 | 10.34 | 11.81 |
Total Shareholders' Equity | -152.9M | 33.42M | -69.24M | -160.2M | 5B | 5.8B | 6.74B |
Common Stock | 640.4M | 563.14M | 601.73M | 642.2M | 18.4M | 18.6M | 19.4M |
Retained Earnings | -469.9M | -524.27M | -805.62M | -1.06B | -984.9M | -213.6M | -135.8M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -323.4M | -5.45M | 134.65M | 255.1M | 2.78B | 2.79B | 2.77B |
Minority Interest | 0 | 0 | 0 | 3.4M | 9.1M | 18.9M | 11.4M |
AS Cash Flow Statement
Amer Sports, Inc. (AS) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | 297.9M | 268M | -91.7M | 199M | 424.7M | 729.2M | 737M |
Operating CF Margin % | 12.18% | 8.74% | -2.57% | 4.52% | 8.19% | 11.11% | - |
Operating CF Growth % | - | -10.04% | -134.22% | 317.01% | 113.42% | 71.7% | 138.96% |
Net Income | -173.6M | -124.5M | -230.9M | -208.6M | 72.6M | 427.4M | 457.4M |
Depreciation & Amortization | 179.9M | 195.7M | 194.3M | 220.9M | 273.8M | 384.2M | 409.1M |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 171.3M | 118.1M | 299.8M | 278.4M | 62.4M | 28.4M | 85.1M |
Working Capital Changes | 120.3M | 78.7M | -354.9M | -91.7M | 15.9M | -110.8M | -214.6M |
Change in Receivables | 141M | 18.3M | -174M | 41.8M | -53.7M | -123.6M | -95.7M |
Change in Inventory | 43.8M | -50.9M | -355.2M | -175.1M | -172.4M | -318.3M | -371.2M |
Change in Payables | -31.4M | 43.4M | 115.5M | -38.7M | 123.7M | 190.1M | 208M |
Cash from Investing | -106.7M | 295.4M | -118.6M | -154.8M | -268.3M | -338.1M | -358.2M |
Capital Expenditures | -106.8M | -98.9M | -119.7M | -151.8M | -288M | -292.7M | -312.8M |
CapEx % of Revenue | 4.37% | 3.23% | 3.35% | 3.45% | 5.56% | 4.46% | 4.44% |
Acquisitions | 100K | 394.3M | 20.5M | -3M | 19.7M | -45.4M | -45.4M |
Investments | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Financing | -165.3M | -369.7M | 81.1M | 35M | -266M | -123.4M | -143.3M |
Debt Issued (Net) | -89.8M | -295M | 184M | 104.1M | -2.73B | 3.5M | 3.5M |
Equity Issued (Net) | 0 | 0 | 0 | 0 | 2.57B | 36.8M | 866.3M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | -75.5M | -74.7M | -102.9M | -69.1M | -110.8M | -163.7M | -1.01B |
Net Change in Cash | 0▲ 0% | 566.7M▲ 0% | -164.7M▼ 129.1% | 81.4M▲ 149.4% | -138M▼ 269.5% | 306.9M▲ 322.4% | 261.6M▲ 0% |
Free Cash Flow | 205.8M▲ 0% | 202.1M▼ 1.8% | -179.3M▼ 188.7% | 59.9M▲ 133.4% | 183M▲ 205.5% | 503.7M▲ 175.2% | 476.5M▲ 0% |
FCF Margin % | 8.41% | 6.59% | -5.02% | 1.36% | 3.53% | 7.67% | 6.77% |
FCF Growth % | - | -1.8% | -188.72% | 133.41% | 205.51% | 175.25% | 111.59% |
FCF per Share | 0.42 | 0.41 | -0.37 | 0.12 | 0.36 | 0.89 | 0.83 |
FCF Conversion (FCF/Net Income) | -1.26x | -2.12x | 0.36x | -0.95x | 5.85x | 1.71x | 1.04x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 8.9M |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
AS Key Ratios
Amer Sports, Inc. (AS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | -377.97% | - | - | 2.99% | 7.89% | 7.7% |
Return on Invested Capital (ROIC) | 2.3% | 0.66% | 3.85% | 5.8% | 7.43% | 8.31% |
Gross Margin | 49.1% | 50.01% | 52.45% | 55.4% | 57.63% | 58.23% |
Net Margin | -4.12% | -7.08% | -4.74% | 1.4% | 6.51% | 6.5% |
Debt / Equity | 188.40x | - | - | 0.30x | 0.41x | 0.15x |
Interest Coverage | 0.63x | 0.25x | 0.74x | 1.65x | 7.39x | 8.11x |
FCF Conversion | -2.12x | 0.36x | -0.95x | 5.85x | 1.71x | 1.04x |
Revenue Growth | 25.35% | 16.46% | 23.22% | 17.79% | 26.68% | 28.85% |
Related:AS Dividend History·AS Revenue History·AS Price History·AS P/E History·AS Financial Ratios·AS Institutional Holders
AS Frequently Asked Questions
Amer Sports, Inc. (AS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Amer Sports, Inc. (AS) reported $7.04B in revenue for fiscal year 2025. This represents a 188% increase from $2.45B in 2020.
Amer Sports, Inc. (AS) grew revenue by 26.7% over the past year. This is strong growth.
Yes, Amer Sports, Inc. (AS) is profitable, generating $457.4M in net income for fiscal year 2025 (6.5% net margin).
Dividend & Returns
Amer Sports, Inc. (AS) has a return on equity (ROE) of 7.9%. This is below average, suggesting room for improvement.
Amer Sports, Inc. (AS) generated $476.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.