AS
Amer Sports, Inc.
AS has the edge over F overall, supported by stronger fundamentals and stronger modeled upside.
F
Ford Motor Company
F's outlook is improving, though it still trails on the overall score.
AS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Strong |
AS's revenue, profitability, cash flow and balance sheet are all currently healthy.
F Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
F's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
AS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 20x | $30.19 | — |
| Current | 31x | $30.19 | — |
| Cheap | 41x | $39.35 | +30% |
| Fair | 68x | $65.43 | +117% |
| Expensive | 102x | $98.18 | +225% |
Historical ranges are pointers, not guarantees.
AS's PE is in its cheap range at 31x. If earnings grow as analysts expect, today's price would be 20x next year's earnings.
F PE Valuation
F has no meaningful PE right now: it lost money over the past year.
AS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Moderate | |
| Moderate |
AS has the edge over F on the outlook, with more favorable revenue expectations.
F Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect F's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
AS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.54 | +61% |
| Q2 2026 | $0.96 | +134% |
| Q1 2026 | $0.81 | +119% |
| Q4 2025 | $0.76 | +443% |
| Q3 2025 | $0.55 | +$0.62 |
| Q2 2025 | $0.41 | +$0.66 |
| Q1 2025 | $0.37 | +$0.81 |
| Q4 2024 | $0.14 | +$0.55 |
| Q3 2024 | -$0.07 | +$0.46 |
AS has the edge over F on earnings quality, reporting a profit while its opponent remains loss making.
F Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.78 | — |
| Q3 2026 | -$1.97 | -270% |
| Q2 2026 | -$1.87 | -340% |
| Q1 2026 | -$1.55 | -224% |
| Q4 2025 | -$2.06 | -241% |
| Q3 2025 | $1.16 | +32% |
| Q2 2025 | $0.78 | -19% |
| Q1 2025 | $1.25 | +29% |
| Q4 2024 | $1.46 | +35% |
F has swung to a loss: it lost $1.97 per share over the past year, after a profit the year before.
AS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.6B | +32% |
| Q1 2026 | $1.9B | +32% |
| Q4 2025 | $2.1B | +28% |
| Q3 2025 | $1.8B | +30% |
| Q2 2025 | $1.2B | +23% |
| Q1 2025 | $1.5B | +23% |
| Q4 2024 | $1.6B | +24% |
| Q3 2024 | $1.4B | +17% |
AS has the edge over F on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 10% | +6.9 points |
| Q1 2026 | 16% | +1.6 points |
| Q4 2025 | 11% | -1 points |
| Q3 2025 | 12% | -0.8 points |
| Q2 2025 | 3.5% | +4.4 points |
| Q1 2025 | 15% | +5.4 points |
| Q4 2024 | 12% | +7.3 points |
| Q3 2024 | 13% | +4 points |
AS has the edge over F on profitability, with a higher operating margin.
F Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $49.5B | -2% |
| Q2 2026 | $48.3B | -3.8% |
| Q1 2026 | $43.3B | +6.4% |
| Q4 2025 | $45.9B | -4.8% |
| Q3 2025 | $50.5B | +9.4% |
| Q2 2025 | $50.2B | +5% |
| Q1 2025 | $40.7B | -5% |
| Q4 2024 | $48.2B | +4.9% |
F's revenue grew through 2023 and has held roughly level since: $49.5B last quarter, down 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.9% | -0.1 points |
| Q2 2026 | 1.3% | +0.3 points |
| Q1 2026 | 5.4% | +4.6 points |
| Q4 2025 | -25% | -28 points |
| Q3 2025 | 3.1% | +1.2 points |
| Q2 2025 | 1% | -2.9 points |
| Q1 2025 | 0.8% | -2.1 points |
| Q4 2024 | 2.5% | +3.1 points |
F's operating margin was 2.9% last quarter, about level with the same quarter a year ago.
AS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $103.6M | +$204.4M |
| Q1 2026 | $93.9M | -23% |
| Q4 2025 | $550.7M | +65% |
| Q3 2025 | -$59.2M | +$40.6M |
| Q2 2025 | -$100.8M | -$5.1M |
| Q1 2025 | $122.6M | +128% |
| Q4 2024 | $334.7M | +31% |
| Q3 2024 | -$99.8M | -$26.1M |
AS generated $689M in free cash flow over the past year, up 168% from the year before.
F Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.1B | -40% |
| Q2 2026 | $2B | -54% |
| Q1 2026 | -$1.1B | -157% |
| Q4 2025 | $1.1B | +108% |
| Q3 2025 | $5.3B | +50% |
| Q2 2025 | $4.2B | +24% |
| Q1 2025 | $1.9B | +$2.6B |
| Q4 2024 | $530M | +169% |
F still generates free cash flow, though less than at its 2020 peak: $5.1B over the past year.
AS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.9% | +16.8M shares |
| 1 year | +5% | +28.3M shares |
| 3 years | +20% | +99.6M shares |
AS has 589M diluted shares, up 5% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
F Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.2% | +89M shares |
| 1 year | +0.7% | +28M shares |
| 3 years | +0.6% | +26M shares |
| 5 years | +1% | +40M shares |
| Available history | +1.8% | +72M shares |
F has the edge over AS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $311M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $150M |
F spent $311M buying back its own shares over the past year, up 107% from the year before.
AS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.8x | Very low |
| Q2 2024 | 4.6x | High |
AS's net debt is less than a year of its operating earnings (EBITDA).
F Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.5x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q1 2026 | -2.0x | Net Cash |
| Q4 2025 | -3.4x | Net Cash |
| Q3 2025 | -2.4x | Net Cash |
| Q2 2025 | -2.2x | Net Cash |
| Q1 2025 | -1.8x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
F has the edge over AS on leverage, with a lower net debt burden relative to earnings.
AS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.6 | Neutral |
| Stochastic | 37.4 | Neutral |
AS's weekly RSI is 47 (neutral) and its Stochastic is 37 (neutral).
F Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 19.6 | Oversold |
F's weekly RSI is 41 (neutral) and its Stochastic is 20 (oversold).
AS PE vs Consumer Cyclical Sector
| Metric | AS | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 18x | 75% above |
| PE % | 3 | 25 | 22 pts below |
AS is trading at 31x earnings, a 75% premium to the Consumer Cyclical sector's median of 18x.
F PE vs Consumer Cyclical Sector
| Metric | F | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
F has no meaningful PE right now: it lost money over the past year.
AS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.1 | 3.9% above |
| 20 week MA | $31.3 | 3.5% below |
| 50 week MA | $34.1 | 12% below |
| 100 week MA | $33.3 | 9.3% below |
AS has stronger trend alignment. AS is above 1 of 4 weekly averages versus F above 0 of 5.
F Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.2 | 2.5% below |
| 20 week MA | $13.3 | 11% below |
| 50 week MA | $13.4 | 11% below |
| 100 week MA | $12.1 | 2% below |
| 200 week MA | $12.1 | 1.4% below |
F is in a downtrend: it's below all five of its weekly moving averages, and 1.4% below its 200-week average.
AS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $15.0 | $28.4 | +90% |
| 2025 | $28.4 | $38.4 | +35% |
| 2026 YTD | $38.4 | $30.2 | -21% |
AS has finished every year since 2024 higher, and it's down 21% so far in 2026.
F Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.36 | $8.86 | -5.3% |
| 2021 | $8.86 | $20.3 | +129% |
| 2022 | $20.3 | $11.4 | -44% |
| 2023 | $11.4 | $12.2 | +7.3% |
| 2024 | $12.2 | $10.0 | -18% |
| 2025 | $10.0 | $13.3 | +33% |
| 2026 YTD | $13.3 | $11.9 | -11% |
F has the edge over AS on returns for 2026, with the stronger performance.