Amer Sports, Inc.(AS)Earnings, Financials & Key Ratios
AS•NYSE
$37.19
$20.62B mkt cap·265.6× P/E·Price updated May 6, 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$5.18B+17.8%
- EBITDA$745M+42.3%
- Net Income$73M+134.8%
- EPS (Diluted)0.14+132.6%
- Gross Margin55.4%+5.6%
- EBITDA Margin14.37%+20.8%
- Operating Margin9.08%+32.1%
- Net Margin1.4%+129.5%
- ROE2.99%
- ROIC5.8%+50.8%
- Debt/Equity0.30
- Interest Coverage2.04+170.9%
AS Key Insights
Amer Sports, Inc. (AS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 8/9
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Weak 3Y average ROE of 3.0%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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 Years-
3 Years19.12%
TTM25.46%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM969.55%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM931.02%
Return on Capital
10 Years3.38%
5 Years3.38%
3 Years4.15%
Last Year6.93%
AS Recent Earnings
Amer Sports, Inc. (AS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (89%)●Beat Revenue 6/12 qtrs (75%)
Q1 2026Latest
Feb 24, 2026EPS
$0.31
Est $0.28
+11.0%
Revenue
$2.1B
Est $2.0B
+5.3%
Q4 2025
Nov 18, 2025EPS
$0.33
Est $0.25
+31.0%
Revenue
$1.8B
Est $1.7B
+2.1%
Q3 2025
Aug 19, 2025EPS
$0.06
Est $0.02
+143.2%
Revenue
$1.2B
Est $1.2B
+5.0%
Q2 2025
May 20, 2025EPS
$0.27
Est $0.15
+75.0%
Revenue
$1.5B
Est $1.4B
+6.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | 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% |
| Q2 2025 | May 20, 2025 | $0.27vs $0.15+75.0% | $1.5Bvs $1.4B+6.1% |
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 | 52.26B | 43.88 | 20.31 | -9.84% | 5.43% | 17.92% | 0.83 | |
 UAA | 1.31B | 6.46 | -13.75 | -9.43% | -10.44% | -36.22% | 0.69 | |
 COLM | 3.32B | 63.45 | 19.58 | 0.84% | 4.98% | 10.26% | 0.51 | |
 VFC | 7.59B | 19.41 | -39.61 | -9.09% | 2.33% | 12.52% | 3.61 | |
 RL | 50.39B | 372.15 | 32.05 | 6.75% | 11.73% | 31.8% | 1.03 | |
 ONON | 10.7B | 36.06 | 48.47 | 24.16% | 6.76% | 13.48% | 0.36 | |
 BIRK | 7.28B | 39.60 | 18.04 | 16.22% | 17.72% | 13.66% | 0.48 | |
 DECK | 14.79B | 103.92 | 16.42 | 16.28% | 19.35% | 39.85% | 0.11 |
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
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 2.45B | 3.07B | 3.57B | 4.4B | 5.18B | 6.1B |
| Revenue Growth % | - | 25.35% | 16.46% | 23.22% | 17.79% | 25.46% |
| Cost of Goods Sold | 1.3B | 1.56B | 1.79B | 2.09B | 2.31B | 2.61B |
| COGS % of Revenue | 53.04% | 50.9% | 49.99% | 47.55% | 44.6% | - |
| Gross Profit | 1.15B▲ 0% | 1.51B▲ 31.0% | 1.79B▲ 18.6% | 2.31B▲ 29.2% | 2.87B▲ 24.4% | 3.49B▲ 0% |
| Gross Margin % | 46.96% | 49.1% | 50.01% | 52.45% | 55.4% | 57.2% |
| Gross Profit Growth % | - | 31.05% | 18.62% | 29.23% | 24.42% | - |
| Operating Expenses | 1.02B | 1.32B | 1.74B | 2.01B | 2.4B | 2.82B |
| OpEx % of Revenue | 41.85% | 43% | 48.59% | 45.58% | 46.32% | - |
| Selling, General & Admin | 1.01B | 1.33B | 1.54B | 2.01B | 2.43B | 2.85B |
| SG&A % of Revenue | 41.31% | 43.27% | 43.26% | 45.78% | 46.89% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 13.3M | -8.3M | 190.4M | -8.9M | -29.4M | -2M |
| Operating Income | 125.1M▲ 0% | 186.9M▲ 49.4% | 50.6M▼ 72.9% | 302.5M▲ 497.8% | 470.8M▲ 55.6% | 667.4M▲ 0% |
| Operating Margin % | 5.11% | 6.09% | 1.42% | 6.87% | 9.08% | 10.94% |
| Operating Income Growth % | - | 49.4% | -72.93% | 497.83% | 55.64% | - |
| EBITDA | 355.2M | 393M | 247.6M | 523.4M | 744.6M | 765.6M |
| EBITDA Margin % | 14.52% | 12.82% | 6.93% | 11.89% | 14.37% | 12.55% |
| EBITDA Growth % | - | 10.64% | -37% | 111.39% | 42.26% | 28.46% |
| D&A (Non-Cash Add-back) | 230.1M | 206.1M | 197M | 220.9M | 273.8M | 77.3M |
| EBIT | 112.6M | 175.5M | 61.3M | 297.1M | 380M | 605.5M |
| Net Interest Income | -271.4M | -277M | -245.8M | -399.3M | -222.5M | -134.8M |
| Interest Income | 1M | 1.6M | 3.1M | 2.4M | 8.8M | 6.9M |
| Interest Expense | 272.4M | 278.6M | 248.9M | 401.7M | 230.8M | 141.7M |
| Other Income/Expense | -272.5M | -276.7M | -233.2M | -407.1M | -309.6M | -179.4M |
| Pretax Income | -147.4M▲ 0% | -89.8M▲ 39.1% | -182.6M▼ 103.3% | -104.6M▲ 42.7% | 161.2M▲ 254.1% | 488M▲ 0% |
| Pretax Margin % | -6.03% | -2.93% | -5.11% | -2.38% | 3.11% | 8% |
| Income Tax | 26.2M | 34.7M | 48.3M | 104.2M | 82.8M | 164M |
| Effective Tax Rate % | -17.77% | -38.64% | -26.45% | -99.62% | 51.36% | 33.61% |
| Net Income | -237.2M▲ 0% | -126.3M▲ 46.8% | -252.7M▼ 100.1% | -208.6M▲ 17.5% | 72.6M▲ 134.8% | 311.3M▲ 0% |
| Net Margin % | -9.7% | -4.12% | -7.08% | -4.74% | 1.4% | 5.1% |
| Net Income Growth % | - | 46.75% | -100.08% | 17.45% | 134.8% | 969.55% |
| Net Income (Continuing) | -173.6M | -124.5M | -230.9M | -208.8M | 78.4M | 324M |
| Discontinued Operations | -63.6M | -1.8M | -21.8M | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 3.4M | 9.1M | 20.1M |
| EPS (Diluted) | -0.48▲ 0% | -0.26▲ 45.8% | -0.52▼ 100.0% | -0.43▲ 17.3% | 0.14▲ 132.6% | 0.55▲ 0% |
| EPS Growth % | - | 45.83% | -100% | 17.31% | 132.56% | 931.02% |
| EPS (Basic) | -0.48 | -0.26 | -0.52 | -0.43 | 0.15 | - |
| Diluted Shares Outstanding | 489.5M | 489.5M | 489.5M | 489.5M | 501.75M | 563.53M |
| Basic Shares Outstanding | 489.5M | 489.5M | 489.5M | 489.5M | 498.03M | 556.2M |
| Dividend Payout Ratio | - | - | - | - | - | - |
AS Balance Sheet
Amer Sports, Inc. (AS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 2.16B | 1.89B | 2.17B | 2.35B | 2.4B | 3.17B |
| Cash & Short-Term Investments | 389.5M | 566.7M | 402M | 483.4M | 345.4M | 353.3M |
| Cash Only | 389.5M | 566.7M | 402M | 483.4M | 345.4M | 353.3M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 602.9M | 629.7M | 757.9M | 717M | 746.7M | 1.08B |
| Days Sales Outstanding | 89.96 | 74.95 | 77.46 | 59.47 | 52.58 | 42.94 |
| Inventory | 569.5M | 512.49M | 855M | 1.1B | 1.22B | 1.71B |
| Days Inventory Outstanding | 160.22 | 119.84 | 174.81 | 191.82 | 193.17 | 202.63 |
| Other Current Assets | 558.5M | 144.81M | 81M | 12.5M | 43.7M | 23M |
| Total Non-Current Assets | 6.47B | 5.33B | 5.36B | 6.02B | 5.94B | 6.54B |
| Property, Plant & Equipment | 653.6M | 510.46M | 511.13M | 719M | 1.07B | 1.31B |
| Fixed Asset Turnover | 3.74x | 6.01x | 6.99x | 6.12x | 4.83x | 5.17x |
| Goodwill | 2.56B | 2.48B | 2.24B | 2.27B | 2.13B | 2.32B |
| Intangible Assets | 3.08B | 2.87B | 2.76B | 2.75B | 2.59B | 2.75B |
| Long-Term Investments | 400K | 263.81K | 8.34M | 9.2M | 16.8M | 161.5M |
| Other Non-Current Assets | 13.5M | -623.83M | -257.9M | 113.5M | 61M | 149.5M |
| Total Assets | 8.62B▲ 0% | 6.99B▼ 18.9% | 7.4B▲ 5.8% | 8.37B▲ 13.2% | 8.34B▼ 0.4% | 9.71B▲ 0% |
| Asset Turnover | 0.28x | 0.44x | 0.48x | 0.53x | 0.62x | 0.69x |
| Asset Growth % | - | -18.92% | 5.82% | 13.2% | -0.45% | 42.03% |
| Total Current Liabilities | 1.16B | 947.2M | 1.28B | 1.57B | 1.55B | 2.1B |
| Accounts Payable | 293M | 320.2M | 435.6M | 426.5M | 549M | 564.5M |
| Days Payables Outstanding | 82.43 | 74.88 | 89.06 | 74.4 | 86.69 | 73.38 |
| Short-Term Debt | 198.2M | 34.8M | 208.3M | 381M | 136.5M | 501.1M |
| Deferred Revenue (Current) | 38.2M | 53M | 45.9M | 50.7M | 0 | 197.2M |
| Other Current Liabilities | 294.7M | 107.6M | 137.1M | 398.7M | 667.3M | 592.4M |
| Current Ratio | 1.86x | 2.00x | 1.70x | 1.49x | 1.54x | 1.54x |
| Quick Ratio | 1.37x | 1.46x | 1.03x | 0.80x | 0.76x | 0.76x |
| Cash Conversion Cycle | 167.74 | 119.92 | 163.21 | 176.89 | 159.06 | 172.19 |
| Total Non-Current Liabilities | 7.62B | 6.96B | 6.69B | 6.96B | 1.77B | 1.95B |
| Long-Term Debt | 6.53B | 6.04B | 5.83B | 5.94B | 790.8M | 791.9M |
| Capital Lease Obligations | 195M | 158.2M | 133M | 250.4M | 439M | 2.01B |
| Deferred Tax Liabilities | 0 | 678.3M | 655.3M | 675M | 487.4M | 2.02B |
| Other Non-Current Liabilities | 894.2M | 92.4M | 70.1M | 90.9M | 56.3M | 234.7M |
| Total Liabilities | 8.78B | 6.96B | 7.47B | 8.53B | 3.33B | 4.04B |
| Total Debt | 6.99B | 6.3B | 6.24B | 6.66B | 1.48B | 1.87B |
| Net Debt | 6.6B | 5.73B | 5.83B | 6.18B | 1.14B | 1.51B |
| Debt / Equity | - | 188.40x | - | - | 0.30x | 0.30x |
| Debt / EBITDA | 19.67x | 16.02x | 25.19x | 12.73x | 1.99x | 2.44x |
| Net Debt / EBITDA | 18.57x | 14.58x | 23.56x | 11.80x | 1.53x | 1.53x |
| Interest Coverage | 0.46x | 0.67x | 0.20x | 0.75x | 2.04x | 4.27x |
| Total Equity | -152.9M▲ 0% | 33.42M▲ 121.9% | -69.24M▼ 307.2% | -156.8M▼ 126.4% | 5.01B▲ 3294.1% | 5.67B▲ 0% |
| Equity Growth % | - | 121.85% | -307.22% | -126.45% | 3294.13% | 3744.15% |
| Book Value per Share | -0.31 | 0.07 | -0.14 | -0.32 | 9.98 | 10.06 |
| Total Shareholders' Equity | -152.9M | 33.42M | -69.24M | -160.2M | 5B | 5.65B |
| Common Stock | 640.4M | 563.14M | 601.73M | 642.2M | 18.4M | 18.5M |
| Retained Earnings | -469.9M | -524.27M | -805.62M | -1.06B | -984.9M | -339M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -323.4M | -5.45M | 134.65M | 255.1M | 2.78B | 2.75B |
| Minority Interest | 0 | 0 | 0 | 3.4M | 9.1M | 20.1M |
AS Cash Flow Statement
Amer Sports, Inc. (AS) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | 297.9M | 268M | -91.7M | 199M | 424.7M | 424.7M |
| Operating CF Margin % | 12.18% | 8.74% | -2.57% | 4.52% | 8.19% | - |
| Operating CF Growth % | - | -10.04% | -134.22% | 317.01% | 113.42% | 154.45% |
| Net Income | -173.6M | -124.5M | -230.9M | -208.6M | 72.6M | 311.3M |
| Depreciation & Amortization | 179.9M | 195.7M | 194.3M | 220.9M | 273.8M | 355.2M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 2.8M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 53.8M |
| Other Non-Cash Items | 171.3M | 118.1M | 299.8M | 278.4M | 62.4M | 20.7M |
| Working Capital Changes | 120.3M | 78.7M | -354.9M | -91.7M | 15.9M | -234.3M |
| Change in Receivables | 141M | 18.3M | -174M | 41.8M | -53.7M | -168.3M |
| Change in Inventory | 43.8M | -50.9M | -355.2M | -175.1M | -172.4M | -343.9M |
| Change in Payables | -31.4M | 43.4M | 115.5M | -38.7M | 123.7M | 60.2M |
| Cash from Investing | -106.7M | 295.4M | -118.6M | -154.8M | -268.3M | -332.7M |
| Capital Expenditures | -106.8M | -98.9M | -119.7M | -151.8M | -288M | -277M |
| CapEx % of Revenue | 4.37% | 3.23% | 3.35% | 3.45% | 5.56% | - |
| Acquisitions | 100K | 394.3M | 20.5M | -3M | 19.7M | -40.6M |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | -15.1M |
| Cash from Financing | -165.3M | -369.7M | 81.1M | 35M | -266M | -137.4M |
| Debt Issued (Net) | -89.8M | -295M | 184M | 104.1M | -2.73B | -1.1B |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 1000K | 4M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -75.5M | -74.7M | -102.9M | -69.1M | -110.8M | -106.9M |
| Net Change in Cash | 0▲ 0% | 566.7M▲ 0% | -164.7M▼ 129.1% | 81.4M▲ 149.4% | -138M▼ 269.5% | 41.3M▲ 0% |
| Free Cash Flow | 205.8M▲ 0% | 202.1M▼ 1.8% | -179.3M▼ 188.7% | 59.9M▲ 133.4% | 183M▲ 205.5% | 269.7M▲ 0% |
| FCF Margin % | 8.41% | 6.59% | -5.02% | 1.36% | 3.53% | 4.42% |
| FCF Growth % | - | -1.8% | -188.72% | 133.41% | 205.51% | 173.25% |
| FCF per Share | 0.42 | 0.41 | -0.37 | 0.12 | 0.36 | 0.36 |
| FCF Conversion (FCF/Net Income) | -1.26x | -2.12x | 0.36x | -0.95x | 5.85x | 0.87x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 44.5M |
| Taxes Paid | 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 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | -377.97% | - | - | 2.99% | 5.49% |
| Return on Invested Capital (ROIC) | 2.3% | 0.66% | 3.85% | 5.8% | 5.8% |
| Gross Margin | 49.1% | 50.01% | 52.45% | 55.4% | 57.2% |
| Net Margin | -4.12% | -7.08% | -4.74% | 1.4% | 5.1% |
| Debt / Equity | 188.40x | - | - | 0.30x | 0.30x |
| Interest Coverage | 0.67x | 0.20x | 0.75x | 2.04x | 4.27x |
| FCF Conversion | -2.12x | 0.36x | -0.95x | 5.85x | 0.87x |
| Revenue Growth | 25.35% | 16.46% | 23.22% | 17.79% | 25.46% |
AS Frequently Asked Questions
Amer Sports, Inc. (AS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Amer Sports, Inc. (AS) reported $6.10B in revenue for fiscal year 2024. This represents a 149% increase from $2.45B in 2020.
Amer Sports, Inc. (AS) grew revenue by 17.8% over the past year. This is strong growth.
Yes, Amer Sports, Inc. (AS) is profitable, generating $311.3M in net income for fiscal year 2024 (1.4% net margin).
Dividend & Returns
Amer Sports, Inc. (AS) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.
Amer Sports, Inc. (AS) generated $269.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More AS
Amer Sports, Inc. (AS) financial analysis — history, returns, DCA and operating performance tools
Full AS Stock Analysis
Analyst verdict, bull/bear case, risk factors and peer comparison
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates