Logo

AS

Amer Sports, Inc.

AS

Amer Sports, Inc. • NYSE
$37.13 ▲ 1.28% (+0.47)
Market Cap $20.59 B
52w High $42.36
52w Low $20.21
Dividend Yield 0%
P/E 67.51
Volume 1.54M
Outstanding Shares 554.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.756B ▲ $782.3M ▲ $143.1M ▲ 8.148% ▲ $0.26 ▲ $223.3M ▲
Q2-2025 $1.236B ▼ $679.2M ▲ $18.2M ▼ 1.472% ▼ $0.033 ▼ $51.8M ▼
Q1-2025 $1.472B ▼ $636.9M ▼ $134.6M ▲ 9.141% ▲ $0.24 ▲ $219.6M ▲
Q4-2024 $1.635B ▲ $723.9M ▲ $15.4M ▼ 0.942% ▼ $0.03 ▼ $188.1M ▼
Q3-2024 $1.354B $570.6M $55.8M 4.122% $0.11 $244.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $353.3M ▲ $9.711B ▲ $4.045B ▲ $5.647B ▲
Q2-2025 $303.4M ▼ $9.019B ▲ $3.495B ▲ $5.507B ▲
Q1-2025 $422.1M ▲ $8.527B ▲ $3.297B ▼ $5.218B ▲
Q4-2024 $345.4M ▲ $8.336B ▼ $3.328B ▼ $4.999B ▲
Q3-2024 $312M $8.828B $4.716B $4.105B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $143.1M ▲ $-2.5M ▲ $-108.1M ▼ $152M ▲ $49.9M ▲ $-59.6M ▲
Q2-2025 $18.2M ▼ $-56.8M ▼ $-66M ▲ $-10.3M ▲ $-118.7M ▼ $-105.9M ▼
Q1-2025 $134.6M ▲ $163.7M ▼ $-69.2M ▲ $-27.4M ▲ $76.7M ▲ $121.1M ▼
Q4-2024 $17.1M ▼ $406.8M ▲ $-89.4M ▼ $-251.7M ▼ $33.4M ▼ $314.1M ▲
Q3-2024 $56.2M $-48.9M $-64.5M $151.5M $56.1M $-114.3M

Five-Year Company Overview

Income Statement

Income Statement Amer Sports shows a clear growth story: sales have climbed steadily for several years, and the company is now much larger than it was earlier in the decade. Profitability has improved along the way, with healthier margins as the business scales and gains efficiency. After several years of losses, the company only recently moved into a small net profit, which suggests the business model is working but still in the early stages of consistent earnings. Overall, the income statement reflects a fast‑growing, brand‑driven company that is still maturing into steady, durable profitability.

Balance Sheet

Balance Sheet The balance sheet has undergone a major cleanup. The company used to be heavily reliant on debt with very thin or even negative equity, which implied higher financial risk. In the most recent year, equity turned clearly positive and leverage dropped sharply, likely helped by restructuring and the public listing. Total assets have been relatively stable to slightly higher, indicating controlled expansion rather than aggressive balance sheet growth. The result is a much more solid capital base than in prior years, though the improvement is quite recent and will need to be sustained.

Cash Flow

Cash Flow Cash generation is moving in the right direction. Operating cash flow was choppy earlier on, including a year of outflow, but has turned consistently positive more recently and is now much stronger than before. Free cash flow has generally been positive except for one weak year, even while the company has been increasing its investment in stores, technology, and capacity. This pattern points to a business that can increasingly fund its own growth, though the short history of stable cash flows means execution still matters a lot.

Competitive Edge

Competitive Edge Amer Sports holds a strong competitive position anchored in several premium, globally recognized brands like Arc’teryx, Salomon, and Wilson. These brands have reputations for technical performance and quality, which helps support pricing power and loyalty among serious athletes and outdoor enthusiasts. The strategic push into direct‑to‑consumer channels and the rapid build‑out in Greater China strengthen its control over the customer relationship and support growth, but also concentrate exposure to consumer demand in those areas. The company still competes against very large global players and is active in discretionary categories that can be sensitive to economic cycles and fashion or activity trends. Overall, its portfolio and strategy form a solid moat, but one that depends on brand strength and flawless execution.

Innovation and R&D

Innovation and R&D Innovation is a core part of Amer Sports’ identity. Each major brand brings distinctive technologies: advanced materials and construction at Arc’teryx, circular and recyclable designs at Salomon, and connected “smart” equipment and novel designs like 3D‑printed balls at Wilson. The company also invests in digital infrastructure and data platforms to better understand consumers and speed up product development. Sustainability and circularity are becoming important differentiators, helping the brands stand out with environmentally conscious customers. This all creates an attractive product pipeline, but it also requires ongoing R&D spending and consistent delivery of genuinely better gear, not just marketing claims.

Summary

Amer Sports is transitioning from a leveraged, loss‑making private company into a public growth business with improving profitability and a much cleaner balance sheet. Revenue growth has been strong, margins are moving up, and cash flow is increasingly supporting the company’s own investment needs, though the track record of steady profits is still short. Its strength lies in a portfolio of premium, innovation‑led brands and a strategy focused on direct‑to‑consumer and high‑growth regions like Greater China. Key uncertainties center on the ability to maintain brand heat, execute the DTC strategy at scale, manage exposure to consumer and regional cycles, and keep innovating in a very competitive, trend‑sensitive industry. Overall, the story combines clear growth momentum and brand power with the typical risks of a still‑maturing, newly public consumer company.

NEWS

November 18, 2025 · 6:00 AM UTC

Amer Sports Reports Third Quarter 2025 Financial Results, Raises Full Year Revenue, Margin, and EPS Guidance

Read more

October 28, 2025 · 10:00 AM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Amer Sports, Inc. - AS

Read more

October 23, 2025 · 11:30 AM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Amer Sports, Inc. - AS

Read more

October 18, 2025 · 10:00 AM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Amer Sports, Inc. - AS

Read more

October 13, 2025 · 1:42 PM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Amer Sports, Inc. - AS

Read more