Under Armour, Inc. (UA) Financial Ratios
23 years of historical data (2004–2026) · Consumer Cyclical · Apparel - Manufacturers
EV/EBITDA
↑
55.70
↑+171% vs avg
5yr avg: 20.54
30Y Low10.1·High55.2
P/FCF
↑
N/A
—
5yr avg: 15.01
30Y Low14.2·High56.0
P/B Ratio
↓
1.77
↓-23% vs avg
5yr avg: 2.30
30Y Low1.4·High5.5
ROE
↓
-30.0%
↑-1278% vs avg
5yr avg: 2.5%
30Y Low-30%·High99%
Debt/EBITDA
↑
26.13
↑+221% vs avg
5yr avg: 8.13
30Y Low0.1·High26.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
UA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Under Armour, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.5B | $2.5B | $2.6B | $3.2B | $3.9B | $8.5B | $6.8B | $8.7B | $7.2B | $5.9B | $11.2B |
| Enterprise Value | $4.1B | $4.1B | $3.4B | $3.8B | $4.7B | $8.9B | $7.2B | $9.2B | $7.4B | $6.5B | $11.8B |
| P/E Ratio → | -5.06 | — | — | 13.73 | 10.15 | 23.43 | — | 95.90 | — | — | 55.93 |
| P/S Ratio | 0.50 | 0.50 | 0.50 | 0.57 | 0.67 | 1.49 | 1.51 | 1.66 | 1.39 | 1.18 | 2.32 |
| P/B Ratio | 1.77 | 1.75 | 1.36 | 1.50 | 2.00 | 4.89 | 4.03 | 4.05 | 3.57 | 2.91 | 5.51 |
| P/FCF | — | — | — | 15.81 | — | 14.21 | 56.04 | 23.99 | 15.75 | — | — |
| P/OCF | — | — | — | 9.10 | — | 12.72 | 31.74 | 17.12 | 11.47 | 25.08 | 36.78 |
P/E links to full P/E history page with 30-year chart
UA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Under Armour, Inc.'s enterprise value stands at 55.7x EBITDA, 171% above its 5-year average of 20.5x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 357% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.83 | 0.65 | 0.67 | 0.81 | 1.57 | 1.62 | 1.76 | 1.42 | 1.30 | 2.44 |
| EV / EBITDA | 55.70 | 55.24 | 10.98 | 10.14 | 13.39 | 12.95 | 47.81 | 23.08 | 21.63 | 19.91 | 20.32 |
| EV / EBIT | — | — | 19.70 | 14.52 | 16.91 | 20.50 | — | 39.64 | — | 253.64 | 28.49 |
| EV / FCF | — | — | — | 18.68 | — | 14.99 | 60.09 | 25.39 | 16.12 | — | — |
UA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Under Armour, Inc. earns an operating margin of -0.7%, below the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 4.1% to -0.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -30.0% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.5% | 45.5% | 47.9% | 46.1% | 44.3% | 50.6% | 47.9% | 46.5% | 45.0% | 44.8% | 46.2% |
| Operating Margin | -0.7% | -0.7% | 3.3% | 4.1% | 3.7% | 9.6% | -0.3% | 4.1% | 3.1% | 3.0% | 9.0% |
| Net Profit Margin | -10.0% | -10.0% | -3.9% | 4.1% | 6.4% | 6.3% | -12.3% | 1.8% | -0.9% | -1.0% | 4.1% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -30.0% | -30.0% | -10.0% | 11.3% | 20.3% | 21.1% | -28.7% | 4.4% | -2.3% | -2.4% | 10.7% |
| ROA | -11.4% | -11.4% | -4.4% | 4.8% | 8.1% | 7.6% | -11.1% | 2.0% | -1.1% | -1.3% | 6.1% |
| ROIC | -0.9% | -0.9% | 4.7% | 6.3% | 6.6% | 18.8% | -0.4% | 6.6% | 5.0% | 4.4% | 13.6% |
| ROCE | -1.2% | -1.2% | 5.0% | 6.6% | 6.6% | 16.2% | -0.4% | 6.7% | 5.4% | 5.1% | 16.2% |
UA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Under Armour, Inc. carries a Debt/EBITDA ratio of 26.1x, which is highly leveraged (447% above the sector average of 4.8x). Net debt stands at $1.6B ($1.9B total debt minus $309M cash).
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.37 | 1.37 | 0.69 | 0.67 | 0.77 | 0.85 | 1.20 | 0.60 | 0.36 | 0.45 | 0.40 |
| Debt / EBITDA | 26.13 | 26.13 | 4.23 | 3.84 | 4.29 | 2.14 | 13.24 | 3.25 | 2.14 | 2.82 | 1.41 |
| Net Debt / Equity | — | 1.15 | 0.42 | 0.27 | 0.41 | 0.27 | 0.29 | 0.24 | 0.08 | 0.30 | 0.28 |
| Net Debt / EBITDA | 21.97 | 21.97 | 2.60 | 1.56 | 2.29 | 0.68 | 3.22 | 1.28 | 0.50 | 1.86 | 0.98 |
| Debt / FCF | — | — | — | 2.87 | — | 0.78 | 4.05 | 1.41 | 0.37 | — | — |
| Interest Coverage | -1.17 | -1.17 | 28.14 | — | 21.94 | 9.83 | -9.43 | 10.19 | -1.04 | 0.71 | 16.73 |
UA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.62x means Under Armour, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.08x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.46x to 1.62x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.62 | 1.62 | 2.10 | 2.46 | 2.17 | 2.18 | 2.28 | 1.90 | 1.97 | 2.20 | 2.87 |
| Quick Ratio | 1.08 | 1.08 | 1.25 | 1.63 | 1.30 | 1.55 | 1.65 | 1.27 | 1.20 | 1.11 | 1.53 |
| Cash Ratio | 0.55 | 0.55 | 0.45 | 0.74 | 0.52 | 0.78 | 1.07 | 0.55 | 0.42 | 0.29 | 0.37 |
| Asset Turnover | — | 1.12 | 1.20 | 1.20 | 1.21 | 1.28 | 0.89 | 1.08 | 1.22 | 1.24 | 1.32 |
| Inventory Turnover | 2.96 | 2.96 | 2.85 | 3.20 | 2.75 | 3.41 | 2.60 | 3.15 | 2.80 | 2.37 | 2.83 |
| Days Sales Outstanding | — | 50.11 | 47.75 | 48.55 | 47.26 | 45.05 | 43.04 | 49.29 | 45.86 | 44.72 | 47.10 |
UA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Under Armour, Inc. returns 1.0% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | 0.0% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 7.3% | 9.8% | 4.3% | — | 1.0% | — | — | 1.8% |
| FCF Yield | — | — | — | 6.3% | — | 7.0% | 1.8% | 4.2% | 6.4% | — | — |
| Buyback Yield | 1.0% | 1.0% | 3.5% | 2.3% | 3.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.0% | 1.0% | 3.5% | 2.3% | 3.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $427M | $432M | $451M | $462M | $469M | $454M | $454M | $446M | $441M | $445M |
Peer Comparison
Compare UA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 UAYou | $3B | -5.1 | 55.7 | — | 45.5% | -0.7% | -30.0% | -0.9% | 26.1 |
 NKE | $54B | 20.9 | 12.7 | 16.5 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
 COLM | $3B | 20.5 | 15.0 | 16.1 | 50.2% | 6.0% | 10.2% | 8.0% | 3.3 |
 PVH | $4B | 145.4 | 29.1 | 6.6 | 57.5% | 7.3% | 0.5% | 6.1% | 17.5 |
 HBI | $2B | -7.1 | 16.6 | 10.1 | 38.8% | 5.3% | -141.4% | 4.5% | 9.2 |
 RL | $25B | 27.3 | 22.2 | 33.8 | 69.9% | 14.5% | 34.7% | 24.7% | 2.5 |
 ONON | $13B | 54.2 | 20.8 | 41.4 | 62.8% | 12.5% | 12.9% | 26.9% | 1.2 |
 DECK | $15B | 15.5 | 10.3 | 13.8 | 56.1% | 22.8% | 40.9% | 100.0% | 0.3 |
 CROX | $6B | -83.4 | 8.0 | 9.5 | 57.0% | 22.0% | -5.2% | 21.7% | 1.7 |
 WWW | $1B | 15.4 | 10.9 | 11.9 | 47.0% | 8.0% | 25.9% | 11.6% | 4.2 |
 VFC | $7B | 27.1 | 12.3 | 13.4 | 54.8% | 6.3% | 15.3% | 7.3% | 5.6 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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UA — Frequently Asked Questions
Quick answers to the most common questions about buying UA stock.
What is Under Armour, Inc.'s P/E ratio?
Under Armour, Inc.'s current P/E ratio is -5.1x. The historical average is 39.8x.
What is Under Armour, Inc.'s EV/EBITDA?
Under Armour, Inc.'s current EV/EBITDA is 55.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.5x.
What is Under Armour, Inc.'s ROE?
Under Armour, Inc.'s return on equity (ROE) is -30.0%. The historical average is 14.4%.
Is UA stock overvalued?
Based on historical data, Under Armour, Inc. is trading at a P/E of -5.1x. Compare with industry peers and growth rates for a complete picture.
What are Under Armour, Inc.'s profit margins?
Under Armour, Inc. has 45.5% gross margin and -0.7% operating margin.
How much debt does Under Armour, Inc. have?
Under Armour, Inc.'s Debt/EBITDA ratio is 26.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.