UA
Under Armour, Inc.
UA lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
UA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Weak |
UA's revenue is currently stable, but its profitability, cash flow and balance sheet are under pressure.
UA PE Valuation
UA has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 42x next year's earnings.
UA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Stable | |
| Improving | |
| Moderate | |
| High |
Analysts expect UA to return to profit, with revenue holding steady.
UA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.11 | — |
| Q3 2026 | -$1.11 | -$0.90 |
| Q2 2026 | -$1.15 | -623% |
| Q1 2026 | -$1.16 | -$0.69 |
| Q4 2025 | -$1.22 | -$0.93 |
| Q3 2025 | -$0.21 | -$0.18 |
| Q2 2025 | $0.22 | +$0.40 |
| Q1 2025 | -$0.47 | -187% |
| Q4 2024 | -$0.29 | -133% |
UA is still losing money, but less than at its worst: $1.11 per share over the past year, against $1.64 at its worst in late 2020.
UA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -6.9% |
| Q2 2026 | $1.1B | -3.2% |
| Q1 2026 | $1.2B | -0.8% |
| Q4 2025 | $1.3B | -5.2% |
| Q3 2025 | $1.3B | -4.7% |
| Q2 2025 | $1.1B | -4.2% |
| Q1 2025 | $1.2B | -11% |
| Q4 2024 | $1.4B | -5.7% |
UA's revenue has slid since its 2022 peak: $1.2B last quarter, down 6.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.2% | -0.1 points |
| Q2 2026 | 4.3% | +4 points |
| Q1 2026 | -2.9% | +3.2 points |
| Q4 2025 | -11% | -12 points |
| Q3 2025 | 1.3% | -11 points |
| Q2 2025 | 0.3% | +26 points |
| Q1 2025 | -6.1% | -5.8 points |
| Q4 2024 | 1% | -3.7 points |
UA's operating margin was 1.2% last quarter, about level with the same quarter a year ago.
UA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$101.7M | -$11.4M |
| Q2 2026 | $94.5M | +601% |
| Q1 2026 | -$347.3M | -$116.3M |
| Q4 2025 | $261.9M | -0.4% |
| Q3 2025 | -$90.3M | +$276.9M |
| Q2 2025 | $13.5M | -87% |
| Q1 2025 | -$231M | -$74.3M |
| Q4 2024 | $262.9M | -31% |
UA's free cash flow was −$93M over the past year, against −$45M the year before.
UA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -2.3M shares |
| 1 year | +0.3% | +1.3M shares |
| 3 years | -5.3% | -24M shares |
| 5 years | -9.2% | -43.4M shares |
| Available history | -5.4% | -24.6M shares |
UA has 430M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $25M |
| Q2 2025 | — |
| Q1 2025 | $25M |
| Q4 2024 | $25M |
| Q3 2024 | — |
| Q2 2024 | $40M |
UA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 9.0x | High |
| Q2 2025 | 0.3x | Very low |
| Q4 2024 | -8.2x | Net Cash |
| Q3 2024 | 0.8x | Very low |
| Q2 2024 | -5.6x | Net Cash |
| Q1 2024 | -0.5x | Net Cash |
| Q4 2023 | -0.9x | Net Cash |
| Q3 2023 | 0.1x | Very low |
UA's net debt is about 9.0 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
UA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 30.4 | Neutral |
UA's weekly RSI is 43 (neutral) and its Stochastic is 30 (neutral).
UA PE vs Consumer Cyclical Sector
| Metric | UA | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
UA has no meaningful PE right now: it lost money over the past year.
UA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.70 | 0.9% above |
| 20 week MA | $5.38 | 12% below |
| 50 week MA | $5.64 | 16% below |
| 100 week MA | $5.75 | 18% below |
| 200 week MA | $6.64 | 29% below |
UA has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 29% below its 200-week average.
UA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.3 | $15.1 | -22% |
| 2021 | $15.1 | $17.6 | +17% |
| 2022 | $17.6 | $8.60 | -51% |
| 2023 | $8.60 | $8.35 | -2.9% |
| 2024 | $8.35 | $7.56 | -9.5% |
| 2025 | $7.56 | $4.43 | -41% |
| 2026 YTD | $4.43 | $4.74 | +7% |
UA has finished four years in a row lower, and it's up 7% so far in 2026.