Feed / UAA

Under Armour, Inc.

UAA

Consumer Cyclical · 4.98 +1.6% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Under Armour, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Company+1.6% todayVolume comparison unavailable
Market group0 of 32 activeApparel & Footwear · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • Cash declined after restricted investments were used to satisfy and discharge the $600 million Senior Notes due 2026.
  • The latest three-month period’s gross-margin expansion included a 640-basis-point benefit from recovered U.S. tariffs, larger than the total margin increase.

Invalidation: The isolated read changes if UAA's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Cyclical · Apparel Manufacturing

No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Cash declined after restricted investments were used to satisfy and discharge the $600 million Senior Notes due 2026.
  • The latest three-month period’s gross-margin expansion included a 640-basis-point benefit from recovered U.S. tariffs, larger than the total margin increase.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements192
Verified relationships9
Evidence supporting the case
  • Credit and interest rates has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Latest annual revenue changed -3.8% year over year.
  • Net margin changed -6.1 percentage points in the latest annual period.
  • Foreign exchange has repeated adverse evidence across 5 filings.
  • Pricing and mix has repeated adverse evidence across 5 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 5 filings.
  • Supply chain and availability has repeated adverse evidence across 5 filings.
  • Tariffs and trade policy has repeated adverse evidence across 5 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

4.98
6m-23.6%12m-1.2%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$5.7B+27.0%$0.75+3.2%
2023-03-31$5.9B+3.9%$0.81-1.5%
2024-03-31$5.7B-3.4%$0.52-2.3%
2025-03-31$5.2B-9.4%$-0.47-4.2%
2026-03-31$5.0B-3.8%$-1.16-1.3%

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 5 filings
This was primarily due to an increase in interest expense resulting from the issuance of the Senior Notes due 2030 in June 2025 and borrowings on our revolving credit facility, partially offset by interest income earned on the restricted investments held to s…
10-Q · Aug 7, 2026
Foreign exchangenegative · 5 filings
Apparel decreased primarily due to unfavorable channel mix and lower average selling prices, partially offset by the impact of foreign exchange rates.
10-Q · Aug 7, 2026
Pricing and mixnegative · 5 filings
Footwear decreased primarily due to lower average selling prices and lower unit sales.
10-Q · Aug 7, 2026
Restructuring and cost reductionsnegative · 5 filings
This was primarily due to lower facility-related costs and lower other restructuring costs, partially offset by higher employee-related costs.
10-Q · Aug 7, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

4.98+1.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for UAA. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for UAA. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind UAA

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

NKENIKE, Inc.competitorMay 19, 2026

Our direct competitors include, among others, NIKE, adidas, PUMA and lululemon athletica, which are large apparel and footwear brands with strong worldwide brand recognition and in some cases, significantly greater resources than us.

JPMJPMorgan Chase & Co.lenderFeb 6, 2026

43 Table of Contents Capital Resources Credit Facility In March 2019, we entered into an amended and restated credit agreement by and among us, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders and arrangers party thereto…

Depended on by

ASOAcademy Sports and Outdoors, Inc.competitorMar 17, 2026

We have preferred access to hundred s of well-recognized national brands, such as Nike, including its Jordan Brand , Under Armour, adidas, Win chester, Columbia Sportswear, The North Face, Brooks, Skechers, Yeti, Stanley and Carhartt, which are critical to ou…

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

UAA is currently a Follower in the organic co-movement group Apparel & Footwear. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.