15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 5.6% per year over the past 5 years.
Financial health
Total debt ($1.2B) exceeds cash ($309M); net debt is $881M.
Total debt has grown faster than revenue (3.3% vs -5.6% per year).
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.9 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$5.0B
-$496M
45.5%
-3.3%
-35.0%
-11.2%
-$162M
$1.2B
$309M
2025
$5.2B
-$201M
47.9%
-3.6%
-10.6%
-4.7%
-$228M
$595M
$501M
2024
$5.7B
$232M
46.1%
4.0%
10.8%
4.9%
$204M
$676M
$859M
2023
$5.9B
$374M
44.8%
4.5%
19.0%
7.8%
-$198M
$674M
$711M
2022
—
-$63M
—
—
-3.7%
-1.4%
—
$672M
$1.0B
2021
—
$351M
—
—
16.9%
7.0%
$595M
$663M
$1.7B
2021
—
$351M
—
—
19.8%
7.1%
—
$1.0B
$1.3B
2020
—
-$549M
—
—
-32.9%
-10.9%
$121M
$1.0B
$1.5B
2019
—
$92M
—
—
4.3%
1.9%
$363M
$600M
$788M
2018
—
-$46M
—
—
-2.3%
-1.1%
$458M
$736M
$557M
2017
—
-$48M
—
—
-2.4%
-1.2%
-$44M
$801M
$312M
2016
—
$257M
—
—
12.7%
7.1%
$50M
$828M
$250M
2015
—
$233M
—
—
13.9%
8.1%
-$284M
$669M
$130M
2014
—
$208M
—
—
15.4%
9.9%
$79M
$284M
$593M
2013
—
$162M
—
—
15.4%
10.3%
$32M
$53M
$347M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$1.1B
$545000
54.1%
4.3%
0.0%
0.0%
$95M
$591M
$396M
Mar '26
$1.2B
-$43M
42.0%
-2.9%
-3.1%
-1.0%
-$347M
$1.2B
$309M
Dec '25
$1.3B
-$431M
44.4%
-11.3%
-30.0%
-9.3%
$262M
$990M
$465M
Sep '25
$1.3B
-$19M
47.3%
1.3%
-1.0%
-0.4%
-$90M
$1.2B
$396M
Jun '25
$1.1B
-$3M
48.2%
0.3%
-0.1%
-0.1%
$13M
$989M
$911M
Mar '25
$1.2B
-$67M
46.7%
-6.1%
-3.6%
-1.6%
-$231M
$595M
$501M
Dec '24
$1.4B
$1M
47.5%
1.0%
0.1%
0.0%
$263M
$595M
$727M
Sep '24
$1.4B
$170M
49.8%
12.4%
8.6%
3.8%
-$367M
$595M
$531M
Jun '24
$1.2B
-$305M
47.5%
-25.3%
-16.8%
-6.3%
$107M
$595M
$885M
Mar '24
$1.3B
$7M
45.0%
-0.3%
0.3%
0.1%
-$157M
$676M
$859M
Dec '23
$1.5B
$111M
45.1%
4.8%
5.2%
2.2%
$380M
$676M
$1.0B
Sep '23
$1.6B
$105M
47.8%
8.9%
5.1%
2.2%
$19M
$676M
$655M
Jun '23
$1.3B
$10M
46.4%
1.7%
0.5%
0.2%
-$39M
$675M
$703M
Mar '23
—
$174M
—
—
8.9%
3.6%
-$125M
$674M
$711M
Dec '22
—
$113M
—
—
6.2%
2.3%
$23M
$674M
$850M
Sep '22
—
$84M
—
—
4.6%
1.8%
-$148M
$673M
$854M
Jun '22
—
$8M
—
—
0.4%
0.2%
$52M
$673M
$1.0B
Mar '22
—
-$63M
—
—
-3.7%
-1.4%
-$362M
$672M
$1.0B
Dec '21
—
$110M
—
—
5.3%
2.2%
$443M
$663M
$1.7B
Sep '21
—
$113M
—
—
5.7%
2.4%
$78M
$663M
$1.3B
Valuation over time
How the market has priced UAA against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 10.8× (Mar '23) to 12.5× (Feb '25).
The price-to-sales ratio has fallen from 0.7× (Mar '23) to 0.4× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is UAA growing its revenue and profit?
Over the past 5 years, Under Armour, Inc.'s revenue has declined 5.6% per year. These are computed facts, not advice.
How much debt does UAA have?
As of FY2026, Under Armour, Inc. reported $1.2B of total debt against $309M of cash.
What is UAA's profit margin?
In FY2026, gross margin was 45.5%, operating margin -3.3%, and net margin -10.0%.
What is UAA's P/E ratio?
As of Sep '26, Under Armour, Inc. traded at a price-to-earnings ratio of about 12.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.