What is Under Armour, Inc.'s net margin?

Under Armour, Inc. (UA) reported net margin of -10% in Q1 2026.

How has Under Armour, Inc.'s net margin changed year-over-year?

Under Armour, Inc.'s net margin decreased by 156.1% year-over-year, from -3.9% to -10%.

What is the long-term trend for Under Armour, Inc.'s net margin?

Over 5 years (2021 to 2026), Under Armour, Inc.'s net margin has grown at a 32.3% compound annual growth rate (CAGR), from 2.5% to -10%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Under Armour, Inc. UA Net margin

Net margin at other companies

NikeNKE

4.8%-4.6pp

lululemon athleticaLULU

13%-3.8pp

GOL

Acushnet HoldingsGOLF

8.8%—

Columbia Sportswear CompanyCOLM

5%-1.6pp

Wolverine World WideWWW

5.4%+1.3pp

Kohl'sKSS

1.8%+1.0pp

Other financials

Income statement

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Revenue$1.2B-0.8%

Gross profit$492.0M-10.7%

Operating income-$33.7M+53.2%

Net income-$43.4M+35.7%

EPS (diluted)-$0.10+37.5%

Balance sheet

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Cash & equivalents$309.2M-40.0%

Total debt$1.9B+49.3%

Total equity$1.4B-25.2%

Total assets$4.4B+2.7%

Cash flow

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Operating cash flow-$332.2M-64.3%

CapEx$15.1M-47.6%

Free cash flow-$347.3M-50.3%

Valuation

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Market cap$2.51B-10.7%

Enterprise value$4.14B+15.2%

P/S0.5×0.0×

Profitability

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Gross margin45.5%-2.4pp

Operating margin-3.3%-0.3pp

FCF margin-3.3%-0.7pp

Returns & leverage

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Return on equity-30%-59.6pp

Debt / equity1.4×+0.7×

Current ratio1.6×-0.5×

Where this comes from

Calculated from Under Armour, Inc.’s reported figures.

net income/total revenue=-10%

Based on trailing twelve months.

The official record: Under Armour, Inc.’s 10-K, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Under Armour, Inc.'s net margin?: Under Armour, Inc. (UA) reported net margin of -10% in Q1 2026.
How has Under Armour, Inc.'s net margin changed year-over-year?: Under Armour, Inc.'s net margin decreased by 156.1% year-over-year, from -3.9% to -10%.
What is the long-term trend for Under Armour, Inc.'s net margin?: Over 5 years (2021 to 2026), Under Armour, Inc.'s net margin has grown at a 32.3% compound annual growth rate (CAGR), from 2.5% to -10%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.