Latest Ratios: P/E Ratio 17.5x · EV/EBITDA 12.8x · ROE 10.2%. (1997–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.9B | $3.0B | $4.9B | $4.9B | $5.5B | $6.5B | $5.8B | $6.9B | $5.9B | $5.1B | $4.1B |
| Enterprise Value | $3.3B | $3.4B | $4.8B | $4.9B | $5.5B | $6.1B | $5.5B | $6.6B | $5.5B | $4.4B | $3.6B |
| P/E Ratio → | 17.52 | 17.00 | 21.97 | 19.45 | 17.69 | 18.28 | 53.94 | 20.74 | 22.07 | 48.24 | 21.43 |
| P/S Ratio | 0.85 | 0.89 | 1.46 | 1.40 | 1.59 | 2.07 | 2.33 | 2.26 | 2.11 | 2.05 | 1.73 |
| P/B Ratio | 1.82 | 1.76 | 2.76 | 2.52 | 2.85 | 3.25 | 3.18 | 3.71 | 3.50 | 3.06 | 2.60 |
| P/FCF | 13.40 | 13.92 | 11.39 | 8.40 | — | 20.24 | 23.59 | 42.38 | 26.43 | 17.60 | 18.29 |
| P/OCF | 10.26 | 10.66 | 10.00 | 7.68 | — | 18.26 | 21.13 | 24.04 | 20.44 | 14.85 | 14.96 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.01 | 1.43 | 1.42 | 1.58 | 1.95 | 2.18 | 2.17 | 1.96 | 1.78 | 1.51 |
| EV / EBITDA | 12.76 | 13.19 | 14.78 | 13.42 | 10.70 | 10.76 | 19.26 | 12.80 | 13.40 | 13.60 | 8.31 |
| EV / EBIT | 16.31 | 14.99 | 16.19 | 14.74 | 12.75 | 13.50 | 29.84 | 16.74 | 15.62 | 16.70 | 13.88 |
| EV / FCF | — | 15.88 | 11.19 | 8.50 | — | 19.06 | 22.09 | 40.83 | 24.48 | 15.26 | 15.90 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.2% | 50.2% | 50.2% | 49.6% | 49.4% | 51.6% | 48.9% | 49.8% | 49.5% | 47.0% | 46.7% |
| Operating Margin | 6.0% | 6.0% | 8.0% | 8.9% | 11.3% | 14.4% | 5.5% | 13.0% | 12.5% | 10.7% | 10.8% |
| Net Profit Margin | 5.2% | 5.2% | 6.6% | 7.2% | 9.0% | 11.3% | 4.3% | 10.9% | 9.6% | 4.3% | 8.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.2% | 10.2% | 12.0% | 13.0% | 15.9% | 18.5% | 5.9% | 18.7% | 16.1% | 6.5% | 12.8% |
| ROA | 6.0% | 6.0% | 7.6% | 8.4% | 10.0% | 11.8% | 3.7% | 12.5% | 11.7% | 5.0% | 9.9% |
| ROIC | 8.0% | 8.0% | 11.0% | 12.0% | 16.9% | 22.0% | 6.7% | 20.8% | 23.6% | 19.5% | 18.3% |
| ROCE | 9.3% | 9.3% | 11.9% | 13.3% | 16.4% | 18.9% | 6.0% | 19.3% | 19.7% | 15.4% | 16.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.51 | 0.51 | 0.25 | 0.21 | 0.20 | 0.19 | 0.23 | 0.24 | — | — | 0.01 |
| Debt / EBITDA | 3.32 | 3.32 | 1.37 | 1.11 | 0.74 | 0.68 | 1.48 | 0.84 | — | — | 0.03 |
| Net Debt / Equity | — | 0.25 | -0.05 | 0.03 | -0.03 | -0.19 | -0.20 | -0.14 | -0.26 | -0.41 | -0.34 |
| Net Debt / EBITDA | 1.63 | 1.63 | -0.25 | 0.16 | -0.10 | -0.67 | -1.31 | -0.48 | -1.07 | -2.08 | -1.25 |
| Debt / FCF | — | 1.96 | -0.19 | 0.10 | — | -1.18 | -1.50 | -1.55 | -1.96 | -2.34 | -2.39 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | 612.98 | 247.78 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.59 | 2.59 | 2.62 | 3.38 | 2.89 | 3.11 | 3.36 | 2.97 | 3.08 | 3.64 | 3.89 |
| Quick Ratio | 1.69 | 1.69 | 1.72 | 2.13 | 1.50 | 2.16 | 2.35 | 2.01 | 2.17 | 2.63 | 2.55 |
| Cash Ratio | 1.04 | 1.04 | 1.06 | 1.28 | 0.58 | 1.31 | 1.43 | 1.09 | 1.22 | 1.69 | 1.52 |
| Asset Turnover | — | 1.16 | 1.13 | 1.19 | 1.14 | 0.99 | 0.88 | 1.04 | 1.18 | 1.11 | 1.18 |
| Inventory Turnover | 2.45 | 2.45 | 2.43 | 2.35 | 1.70 | 2.35 | 2.30 | 2.52 | 2.71 | 2.85 | 2.60 |
| Days Sales Outstanding | — | 43.32 | 45.24 | 44.28 | 57.69 | 56.95 | 66.09 | 58.57 | 58.53 | 54.00 | 51.24 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.1% | 2.2% | 1.4% | 1.5% | 1.4% | 1.1% | 0.3% | 0.9% | 1.1% | 1.0% | 1.2% |
| Payout Ratio | 37.0% | 37.0% | 31.2% | 29.2% | 24.1% | 19.4% | 15.9% | 19.7% | 23.4% | 48.4% | 25.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 5.9% | 4.6% | 5.1% | 5.7% | 5.5% | 1.9% | 4.8% | 4.5% | 2.1% | 4.7% |
| FCF Yield | 7.5% | 7.2% | 8.8% | 11.9% | — | 4.9% | 4.2% | 2.4% | 3.8% | 5.7% | 5.5% |
| Buyback Yield | 6.9% | 6.7% | 6.5% | 3.8% | 5.2% | 2.6% | 2.3% | 1.8% | 3.4% | 0.7% | 0.0% |
| Total Shareholder Yield | 9.0% | 8.8% | 7.9% | 5.3% | 6.6% | 3.6% | 2.6% | 2.7% | 4.5% | 1.7% | 1.2% |
| Shares Outstanding | — | $55M | $59M | $61M | $63M | $66M | $67M | $68M | $70M | $70M | $71M |
Includes 30+ ratios · 29 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying COLM stock.
Columbia Sportswear Company's current P/E ratio is 17.5x. The historical average is 21.0x. This places it at the 36th percentile of its historical range.
Columbia Sportswear Company's current EV/EBITDA is 12.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
Columbia Sportswear Company's return on equity (ROE) is 10.2%. The historical average is 15.7%.
Based on historical data, Columbia Sportswear Company is trading at a P/E of 17.5x. This is at the 36th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Columbia Sportswear Company's current dividend yield is 2.11% with a payout ratio of 37.0%.
Columbia Sportswear Company has 50.2% gross margin and 6.0% operating margin.
Columbia Sportswear Company's Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
U.S. demand softness and margin compression
Metrics are mathematically derived from official filings.
Gross Margin Strength Masking Operating Pressure
Gross margin expanded to 58.3% in Q2 2026 from 48.7% a year earlier, yet operating margin fell to 5.0% from -5.1%, indicating SG&A and promotional costs are eroding profitability, as per recent financial statements.
The 950 basis point gross margin improvement suggests better product costing or channel mix, but the operating margin compression reveals that SG&A expenses, which have remained elevated at roughly $330-440M per quarter, are absorbing the incremental gross profit. This divergence implies that the company's cost structure is not scaling with revenue, and the true earning power is better reflected in gross margin trends than in the volatile operating margin. Investors should monitor whether the gross margin gains are sustainable or if they are driven by one-time factors such as lower freight costs or favorable channel shifts.
Return on Capital Trapped by Conservative Balance Sheet
ROIC averaged only 2.4% over the last ten quarters, with Q2 2026 at 1.4%, despite a fortress balance sheet and minimal leverage, as reported in quarterly filings. This suggests the company is under-earning on its equity base.
The low ROIC is not a reflection of operational inefficiency alone; it is heavily influenced by the company's decision to maintain a large cash position and minimal debt, which depresses the denominator. With D/E at 0.29 and cash of $532M, the capital base is underutilized. If management were to optimize the capital structure by returning excess cash or taking on modest leverage, ROIC could improve meaningfully. However, the conservative approach provides stability, and the recent uptick in buybacks ($150M in Q1 2026) may be a step toward better capital efficiency.
Working Capital Cycle Stretched by Seasonal Inventory
Cash conversion cycle lengthened to 188 days in Q2 2026 from 120 days in Q4 2025, driven by DIO of 266 days, as per quarterly data. This reflects the seasonal inventory build and may signal slower sell-through.
The DIO of 266 days is exceptionally high, indicating that inventory is sitting on shelves for nearly nine months. This is partly seasonal, as the company builds inventory ahead of the fall/winter season, but the year-over-year increase from 227 days in Q2 2025 suggests that inventory is not clearing as quickly as before. The DPO of 126 days provides some offset, but the net effect is a stretched CCC that ties up cash. This may indicate that the company is either preparing for a strong Q4 or facing weaker-than-expected demand, which could lead to markdowns and margin pressure.
Minimal Leverage Masks Strategic Inertia
Debt-to-equity rose slightly to 0.29 in Q2 2026 from 0.22 a year earlier, but total debt of $461M remains modest relative to equity, as reported in financial statements. Interest coverage is not disclosed, but the low leverage suggests ample comfort.
The company's leverage is exceptionally low, and the D/EBITDA ratio of 10.32 in Q2 2026 is elevated only because EBITDA is seasonally depressed; in Q4 2025 it was 3.87. This indicates that the company has significant borrowing capacity, which it has not utilized. The conservative capital structure provides a cushion against downturns, but it also implies that the company is not aggressively pursuing growth or shareholder returns. The recent increase in buybacks may signal a shift, but the overall approach remains cautious.
Liquidity Buffer Robust but Seasonally Volatile
Current ratio of 2.49 and quick ratio of 1.32 in Q2 2026 indicate a strong liquidity position, though the quick ratio is lower due to heavy inventory, as per balance sheet data. Cash of $532M provides a solid buffer.
The current ratio remains above 2.0, and the quick ratio, while lower, is still above 1.0, suggesting that the company can meet short-term obligations even if inventory becomes difficult to liquidate. However, the seasonal swings in cash flow, with FCF margin ranging from -30.4% to 55.8%, mean that liquidity can tighten during inventory build periods. The company's access to credit and low leverage provide additional flexibility, but the reliance on seasonal sell-through is a risk if demand softens.
P/E Misleading for Seasonal Apparel Maker
The trailing P/E of 18.62 is distorted by seasonal earnings volatility, as Q2 2025 was a loss-making quarter, making the metric unreliable. Forward P/E of 13.31 is more indicative, but still masks the cyclicality.
The most commonly misapplied ratio for COLM is the trailing P/E, because the company's earnings are highly seasonal and can swing to losses in off-peak quarters. For example, Q2 2025 had a net loss, which inflates the trailing P/E. Investors should instead use a normalized earnings figure, such as the average net income over the last four quarters, or focus on EV/EBITDA, which is less affected by non-operating items and seasonality. The forward P/E of 13.31 is more useful, but it relies on analyst estimates that may be subject to revision given the recent EPS miss.