Columbia Sportswear Company (COLM) 10-Year Financial Performance & Capital Metrics

COLM • • Industrial / General

Consumer CyclicalApparel ManufacturingOutdoor & Performance ApparelOutdoor Performance Brands

AboutColumbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel. It also offers footwear products that include lightweight hiking boots, trail running shoes, rugged cold weather boots for activities on snow and ice, sandals and shoes for use in water activities, and function-first fashion footwear and casual shoes for everyday use. The company sells its products under the Columbia, Mountain Hardwear, SOREL, and prAna brand names through the company owned network of branded and outlet retail stores, brand-specific e-commerce sites, and concession-based arrangements with third-parties at branded outlet and shop-in-shop retail locations, as well as through independently operated specialty outdoor and sporting goods stores, sporting goods chains, department store chains, Internet retailers, and international distributors. As of December 31, 2021, it operated approximately 455 retail stores. The company was founded in 1938 and is headquartered in Portland, Oregon.Show more

Revenue $3.37B -3.4%
EBITDA $327M -11.3%
Net Income $223M -11.2%
EPS (Diluted) 3.82 -6.6%
Gross Margin 50.2% +1.2%
EBITDA Margin 9.7% -8.2%
Operating Margin 8.04% -9.7%
Net Margin 6.63% -8.1%
ROE 12.01% -7.5%
ROIC 11% -8.3%
Debt/Equity 0.25 +19.9%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 2.2%
✓Share count reduced 4.8% through buybacks
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.84%

5Y2.06%

3Y2.52%

TTM2.75%

Profit (Net Income) CAGR

10Y4.99%

5Y-7.54%

3Y-14.25%

TTM-12.82%

EPS CAGR

10Y7.01%

5Y-4.58%

3Y-10.51%

TTM-8.56%

ROCE

10Y Avg15.45%

5Y Avg13.3%

3Y Avg13.87%

Latest11.9%

Peer Comparison

Outdoor Performance Brands

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
COLMColumbia Sportswear Company	2.97B	55.09	14.42	-3.4%	5.45%	11.27%	14.53%	0.25
GOOSCanada Goose Holdings Inc.	614.53M	13.34	13.75	1.09%	1.92%	5.18%	44.59%	1.33
PMNTPerfect Moment Ltd. Common Stock	13.6M	0.39	-0.39	-12.04%	-67.45%	-15.77%		2.37
VFCV.F. Corporation	7.49B	19.18	-39.14	-9.09%	0.95%	6.11%	4.53%	3.61

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.33B	2.38B	2.47B	2.8B	3.04B	2.5B	3.13B	3.46B	3.49B	3.37B
Revenue Growth %	0.11%	0.02%	0.04%	0.14%	0.09%	-0.18%	0.25%	0.11%	0.01%	-0.03%
Cost of Goods Sold+	1.25B	1.27B	1.31B	1.42B	1.53B	1.28B	1.51B	1.75B	1.76B	1.68B
COGS % of Revenue	0.54%	0.53%	0.53%	0.51%	0.5%	0.51%	0.48%	0.51%	0.5%	0.5%
Gross Profit+	1.07B	1.11B	1.16B	1.39B	1.52B	1.22B	1.61B	1.71B	1.73B	1.69B
Gross Margin %	0.46%	0.47%	0.47%	0.49%	0.5%	0.49%	0.52%	0.49%	0.5%	0.5%
Gross Profit Growth %	0.12%	0.03%	0.04%	0.2%	0.09%	-0.19%	0.32%	0.06%	0.01%	-0.02%
Operating Expenses+	823.78M	853.84M	896.99M	1.04B	1.12B	1.09B	1.16B	1.32B	1.42B	1.42B
OpEx % of Revenue	0.35%	0.36%	0.36%	0.37%	0.37%	0.43%	0.37%	0.38%	0.41%	0.42%
Selling, General & Admin	772.3M	864.08M	910.89M	1.05B	1.14B	989.53M	1.12B	1.3B	1.42B	1.39B
SG&A % of Revenue	0.33%	0.36%	0.37%	0.37%	0.37%	0.4%	0.36%	0.38%	0.41%	0.41%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-2.83M	-572K	-321K	-141K	-15.49M	97.31M	38.05M	13.58M	3.33M	32.38M
Operating Income+	249.72M	256.51M	262.97M	350.98M	394.97M	137.05M	450.5M	393.1M	310.28M	270.74M
Operating Margin %	0.11%	0.11%	0.11%	0.13%	0.13%	0.05%	0.14%	0.11%	0.09%	0.08%
Operating Income Growth %	0.26%	0.03%	0.03%	0.33%	0.13%	-0.65%	2.29%	-0.13%	-0.21%	-0.13%
EBITDA+	306.24M	431.02M	322.91M	409.21M	516.7M	283.65M	566.08M	510.5M	368.35M	326.69M
EBITDA Margin %	0.13%	0.18%	0.13%	0.15%	0.17%	0.11%	0.18%	0.15%	0.11%	0.1%
EBITDA Growth %	0.21%	0.41%	-0.25%	0.27%	0.26%	-0.45%	1%	-0.1%	-0.28%	-0.11%
D&A (Non-Cash Add-back)	56.52M	174.52M	59.95M	58.23M	121.72M	146.6M	115.57M	117.4M	58.06M	55.94M
EBIT	248.42M	257.94M	262.97M	350.98M	394.97M	183.05M	450.5M	428.7M	335.28M	270.74M
Net Interest Income+	432K	962K	4.09M	9.88M	8.3M	435K	1.38M	2.71M	13.69M	27.7M
Interest Income	1.53M	2M	4.51M	9.88M	8.3M	435K	1.38M	2.71M	13.69M	27.7M
Interest Expense	1.1M	1.04M	429K	0	0	0	0	0	0	0
Other Income/Expense	-2.4M	390K	3.77M	9.73M	10.46M	2.47M	1.01M	4.31M	15.91M	27.45M
Pretax Income+	247.32M	256.9M	266.73M	360.72M	405.43M	139.52M	451.51M	397.41M	326.19M	298.19M
Pretax Margin %	0.11%	0.11%	0.11%	0.13%	0.13%	0.06%	0.14%	0.11%	0.09%	0.09%
Income Tax+	67.47M	58.46M	154.42M	85.77M	74.94M	31.51M	97.4M	85.97M	74.79M	74.91M
Effective Tax Rate %	0.7%	0.75%	0.39%	0.74%	0.82%	0.77%	0.78%	0.78%	0.77%	0.75%
Net Income+	174.34M	191.9M	105.12M	268.26M	330.49M	108.01M	354.11M	311.44M	251.4M	223.27M
Net Margin %	0.07%	0.08%	0.04%	0.1%	0.11%	0.04%	0.11%	0.09%	0.07%	0.07%
Net Income Growth %	0.27%	0.1%	-0.45%	1.55%	0.23%	-0.67%	2.28%	-0.12%	-0.19%	-0.11%
Net Income (Continuing)	179.85M	198.44M	112.31M	274.95M	330.49M	108.01M	354.11M	311.44M	251.4M	223.27M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	16.01M	20.69M	30.31M	16.46M	0	0	0	0	0	0
EPS (Diluted)+	2.45	2.72	1.49	3.81	4.83	1.62	5.33	4.95	4.09	3.82
EPS Growth %	0.26%	0.11%	-0.45%	1.56%	0.27%	-0.66%	2.29%	-0.07%	-0.17%	-0.07%
EPS (Basic)	2.48	2.75	1.51	3.85	4.87	1.63	5.37	4.96	4.11	3.83
Diluted Shares Outstanding	71.06M	70.63M	70.45M	70.4M	68.49M	66.77M	66.42M	62.97M	61.42M	58.5M
Basic Shares Outstanding	70.16M	69.68M	69.76M	69.61M	67.84M	66.38M	65.94M	62.75M	61.23M	58.33M
Dividend Payout Ratio	0.25%	0.25%	0.48%	0.23%	0.2%	0.16%	0.19%	0.24%	0.29%	0.31%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.25B	1.41B	1.65B	1.77B	1.88B	1.86B	2.11B	2.14B	2.01B	2.01B
Cash & Short-Term Investments	370.4M	551.86M	768.15M	700.63M	687.68M	791.95M	894.55M	430.96M	764.5M	815.48M
Cash Only	369.77M	551.39M	673.17M	437.82M	686.01M	790.73M	763.4M	430.24M	350.32M	531.87M
Short-Term Investments	629K	472K	94.98M	262.8M	1.67M	1.22M	131.15M	722K	414.19M	283.61M
Accounts Receivable	371.95M	333.68M	364.86M	449.38M	488.23M	452.94M	487.8M	547.56M	423.08M	417.54M
Days Sales Outstanding	58.36	51.24	54	58.53	58.57	66.09	56.95	57.69	44.28	45.24
Inventory	473.64M	488M	457.93M	521.83M	605.97M	556.53M	645.38M	1.03B	746.29M	690.51M
Days Inventory Outstanding	138.01	140.62	127.97	134.51	144.86	158.99	155.6	214.15	155.01	150.25
Other Current Assets	33.4M	38.49M	58.56M	27.59M	93.87M	54.2M	86.31M	129.87M	80.81M	85.05M
Total Non-Current Assets+	596.76M	601.87M	563.4M	603.41M	1.06B	980.95M	1.05B	914.61M	924.33M	966.68M
Property, Plant & Equipment	291.69M	279.65M	281.39M	291.6M	741.15M	649.04M	622.02M	615.62M	644.58M	682.58M
Fixed Asset Turnover	7.97x	8.50x	8.76x	9.61x	4.11x	3.85x	5.03x	5.63x	5.41x	4.94x
Goodwill	68.59M	68.59M	68.59M	68.59M	68.59M	68.59M	68.59M	51.69M	26.69M	26.69M
Intangible Assets	138.58M	133.44M	129.56M	126.58M	123.59M	103.56M	101.91M	81.56M	79.91M	79.22M
Long-Term Investments	-97.9M	0	0	9.92M	4.16M	1.13M	10.14M	7.15M	961K	0
Other Non-Current Assets	21.72M	27.7M	27.06M	28.57M	39.5M	62.51M	58.31M	64.42M	66.61M	73.99M
Total Assets+	1.85B	2.01B	2.21B	2.37B	2.93B	2.84B	3.17B	3.05B	2.94B	2.98B
Asset Turnover	1.26x	1.18x	1.11x	1.18x	1.04x	0.88x	0.99x	1.14x	1.19x	1.13x
Asset Growth %	0.03%	0.09%	0.1%	0.07%	0.24%	-0.03%	0.12%	-0.04%	-0.04%	0.01%
Total Current Liabilities+	366.07M	362.85M	453.64M	572.88M	630.91M	552.62M	680.39M	738.72M	596.63M	766.54M
Accounts Payable	217.23M	215.05M	252.3M	274.44M	255.37M	206.7M	283.35M	322.47M	235.93M	385.69M
Days Payables Outstanding	63.3	61.97	70.51	70.74	61.05	59.05	68.31	67.14	49	83.92
Short-Term Debt	1.94M	0	0	0	64.02M	65.47M	67.43M	68.69M	71.09M	0
Deferred Revenue (Current)	1000K	0	0	0	0	0	0	0	0	0
Other Current Liabilities	73.15M	75.93M	31.45M	36.97M	200.14M	176M	194.41M	228.53M	198.13M	96.86M
Current Ratio	3.41x	3.89x	3.64x	3.08x	2.97x	3.36x	3.11x	2.89x	3.38x	2.62x
Quick Ratio	2.12x	2.55x	2.63x	2.17x	2.01x	2.35x	2.16x	1.50x	2.13x	1.72x
Cash Conversion Cycle	133.07	129.89	111.46	122.3	142.39	166.03	144.23	204.7	150.29	111.57
Total Non-Current Liabilities+	64.27M	69.53M	107.01M	105.53M	451.23M	451.18M	495.95M	377.04M	403.78M	428.68M
Long-Term Debt	15.03M	14.05M	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	371.51M	353.18M	317.67M	310.63M	336.77M	373.33M
Deferred Tax Liabilities	229K	147K	168K	9.52M	6.36M	5.21M	98.46M	143K	66K	310K
Other Non-Current Liabilities	49.01M	55.33M	106.84M	96M	73.36M	92.79M	79.82M	66.27M	66.94M	55.04M
Total Liabilities	430.34M	432.38M	560.64M	678.41M	1.08B	1B	1.18B	1.12B	1B	1.2B
Total Debt+	16.97M	14.05M	0	0	435.53M	418.65M	385.1M	379.31M	407.86M	449.19M
Net Debt	-352.8M	-537.34M	-673.17M	-437.82M	-250.48M	-372.08M	-378.31M	-50.93M	57.54M	-82.68M
Debt / Equity	0.01x	0.01x	-	-	0.24x	0.23x	0.19x	0.20x	0.21x	0.25x
Debt / EBITDA	0.06x	0.03x	-	-	0.84x	1.48x	0.68x	0.74x	1.11x	1.37x
Net Debt / EBITDA	-1.15x	-1.25x	-2.08x	-1.07x	-0.48x	-1.31x	-0.67x	-0.10x	0.16x	-0.25x
Interest Coverage	227.23x	246.41x	612.98x	-	-	-	-	-	-	-
Total Equity+	1.42B	1.58B	1.65B	1.69B	1.85B	1.83B	1.99B	1.94B	1.94B	1.78B
Equity Growth %	0.04%	0.12%	0.04%	0.02%	0.09%	-0.01%	0.09%	-0.03%	0%	-0.08%
Book Value per Share	19.92	22.39	23.45	24.01	27.00	27.45	29.95	30.74	31.56	30.43
Total Shareholders' Equity	1.4B	1.56B	1.62B	1.67B	1.85B	1.83B	1.99B	1.94B	1.94B	1.78B
Common Stock	34.78M	53.8M	45.83M	0	4.94M	20.16M	0	12.69M	0	0
Retained Earnings	1.39B	1.53B	1.59B	1.68B	1.85B	1.81B	1.99B	1.95B	1.98B	1.84B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-20.84M	-22.62M	-8.89M	-4.06M	-4.42M	806K	-4.38M	-30.64M	-45.84M	-63.22M
Minority Interest	16.01M	20.69M	30.31M	16.46M	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	95.11M	275.17M	341.13M	289.57M	285.45M	276.08M	354.41M	-25.24M	636.3M	491.04M
Operating CF Margin %	0.04%	0.12%	0.14%	0.1%	0.09%	0.11%	0.11%	-0.01%	0.18%	0.15%
Operating CF Growth %	-0.49%	1.89%	0.24%	-0.15%	-0.01%	-0.03%	0.28%	-1.07%	26.21%	-0.23%
Net Income	179.85M	198.44M	112.31M	274.95M	330.49M	108.01M	354.11M	311.44M	251.4M	223.27M
Depreciation & Amortization	56.52M	60.02M	59.95M	58.23M	121.72M	146.6M	115.57M	117.4M	127.05M	55.94M
Stock-Based Compensation	11.67M	10.99M	11.29M	14.29M	17.83M	17.78M	19.13M	21.02M	23.05M	24.78M
Deferred Taxes	-11.71M	-19.18M	44.85M	1.46M	-1.81M	-11.26M	-9.8M	-8.12M	-5.13M	-6.2M
Other Non-Cash Items	-2.77M	4.8M	1.93M	4.21M	5.44M	50.5M	-9.53M	36.15M	29.52M	68.93M
Working Capital Changes	-138.46M	20.1M	110.8M	-63.57M	-188.23M	-35.55M	-115.08M	-503.13M	210.41M	124.32M
Change in Receivables	-40.42M	36.71M	-24.2M	-25.6M	-37.54M	22.89M	-31.62M	-64.5M	123.83M	2.56M
Change in Inventory	-103.3M	-18.78M	46.66M	-94.72M	-84.06M	64.88M	-100.26M	-399.85M	283.83M	39.13M
Change in Payables	11.42M	1.48M	30.57M	19.38M	-10.42M	-49.27M	75.51M	40.43M	-85.86M	155.18M
Cash from Investing+	-43M	-49.89M	-147.78M	-232.23M	140.73M	-27.17M	-163.75M	72.74M	-461.82M	87.33M
Capital Expenditures	-69.92M	-49.99M	-53.35M	-65.62M	-123.52M	-28.76M	-34.74M	-58.47M	-54.61M	-59.8M
CapEx % of Revenue	0.03%	0.02%	0.02%	0.02%	0.04%	0.01%	0.01%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-69.77M	-49.89M	-53.07M	-65.6M	-123.52M	0	-34.74M	131.21M	0	0
Cash from Financing+	-91.25M	-42.02M	-84.4M	-270.01M	-190.72M	-151.7M	-210.89M	-360.83M	-254.79M	-386.24M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-43.55M	-48.12M	-50.91M	-62.66M	-65.13M	-17.2M	-68.62M	-75.08M	-73.44M	-69.73M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	20.42M	8.05M	-3.66M	-1.47M	-3.89M	-892K	-5.81M	5.98M	2.67M	1.25M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	25.19M	225.18M	287.78M	223.95M	161.94M	247.32M	319.66M	-83.71M	581.69M	431.24M
FCF Margin %	0.01%	0.09%	0.12%	0.08%	0.05%	0.1%	0.1%	-0.02%	0.17%	0.13%
FCF Growth %	-0.8%	7.94%	0.28%	-0.22%	-0.28%	0.53%	0.29%	-1.26%	7.95%	-0.26%
FCF per Share	0.35	3.19	4.08	3.18	2.36	3.70	4.81	-1.33	9.47	7.37
FCF Conversion (FCF/Net Income)	0.55x	1.43x	3.25x	1.08x	0.86x	2.56x	1.00x	-0.08x	2.53x	2.20x
Interest Paid	1.11M	1.05M	685K	0	0	0	0	0	0	0
Taxes Paid	87.35M	70.42M	81.05M	77.41M	99.06M	14.69M	129.48M	92.11M	90.51M	76.1M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.58%	12.8%	6.5%	16.05%	18.67%	5.87%	18.53%	15.87%	12.98%	12.01%
Return on Invested Capital (ROIC)	18.54%	18.26%	19.5%	23.59%	20.78%	6.72%	22%	16.87%	11.99%	11%
Gross Margin	46.15%	46.71%	47.04%	49.47%	49.82%	48.93%	51.58%	49.39%	49.61%	50.2%
Net Margin	7.49%	8.07%	4.26%	9.57%	10.86%	4.32%	11.33%	8.99%	7.21%	6.63%
Debt / Equity	0.01x	0.01x	-	-	0.24x	0.23x	0.19x	0.20x	0.21x	0.25x
Interest Coverage	227.23x	246.41x	612.98x	-	-	-	-	-	-	-
FCF Conversion	0.55x	1.43x	3.25x	1.08x	0.86x	2.56x	1.00x	-0.08x	2.53x	2.20x
Revenue Growth	10.74%	2.19%	3.75%	13.63%	8.57%	-17.78%	24.98%	10.8%	0.67%	-3.4%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Apparel Accessories And Equipment	1.82B	1.87B	1.93B	2.19B	2.34B	1.87B	2.39B	2.66B	2.68B	2.69B
Apparel Accessories And Equipment Growth	-	2.43%	3.35%	13.65%	6.85%	-20.23%	27.93%	11.38%	0.58%	0.40%
Footwear	505M	511.6M	538.15M	611.27M	701.32M	633.93M	737.25M	803.12M	810.61M	681.41M
Footwear Growth	-	1.31%	5.19%	13.59%	14.73%	-9.61%	16.30%	8.93%	0.93%	-15.94%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	1.46B	1.51B	1.52B	1.73B	1.94B	1.6B	2.06B	2.3B	2.24B	2.07B
UNITED STATES Growth	-	3.44%	0.98%	13.71%	12.41%	-17.46%	28.47%	11.74%	-2.64%	-7.73%
Latin America And Asia Pacific	469.14M	453.69M	475.13M	530.15M	529.28M	424.49M	465.5M	473.87M	519.75M	560.71M
Latin America And Asia Pacific Growth	-	-3.29%	4.73%	11.58%	-0.16%	-19.80%	9.66%	1.80%	9.68%	7.88%
EMEA	233.23M	253.49M	293.7M	350.75M	367.07M	298.91M	382.06M	438.55M	469.24M	511.78M
EMEA Growth	-	8.69%	15.86%	19.43%	4.65%	-18.57%	27.82%	14.79%	7.00%	9.07%
CANADA	168.53M	164.57M	177.25M	192.94M	203.12M	174.38M	218.54M	249.49M	256.77M	227.87M
CANADA Growth	-	-2.35%	7.71%	8.85%	5.27%	-14.15%	25.33%	14.16%	2.92%	-11.26%

Frequently Asked Questions

Valuation & Price

Columbia Sportswear Company (COLM) has a price-to-earnings (P/E) ratio of 14.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Columbia Sportswear Company (COLM) reported $3.42B in revenue for fiscal year 2024. This represents a 102% increase from $1.69B in 2011.

Columbia Sportswear Company (COLM) saw revenue decline by 3.4% over the past year.

Yes, Columbia Sportswear Company (COLM) is profitable, generating $186.6M in net income for fiscal year 2024 (6.6% net margin).

Dividend & Returns

Yes, Columbia Sportswear Company (COLM) pays a dividend with a yield of 2.16%. This makes it attractive for income-focused investors.

Columbia Sportswear Company (COLM) has a return on equity (ROE) of 12.0%. This is reasonable for most industries.

Columbia Sportswear Company (COLM) generated $169.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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