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Stocks · Consumer discretionary · Apparel & Other Finishd Prods of Fabrics & Similar Matl

Amer Sports, Inc.

AS Clue Score63
Cayman Islands Fiscal year ends December CIK 0001988894
$28.14 +2.51% Close, 9 Oct 2026
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Price $28.14 −13.26% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 1 Feb 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Revenue3.07Operating income0.19Net income−0.13EPS, diluted−0.33Fiscal year 2022Revenue3.57 +16.5%Operating income0.05Net income−0.25EPS, diluted−0.66Fiscal year 2023Revenue4.40 +23.2%Operating income0.30Net income−0.21EPS, diluted−0.54Fiscal year 2024Revenue5.18 +17.8%Operating income0.47Net income0.07EPS, diluted0.14Fiscal year 2025Revenue6.57 +26.7%Operating income0.70Net income0.43 +488.7%EPS, diluted0.76 +442.9%
FY2021FY2022FY2023FY2024FY2025
Revenue 3.07 3.57 4.40 5.18 6.57
Growth +16.5% +23.2% +17.8% +26.7%
Operating income 0.19 0.05 0.30 0.47 0.70
Net income −0.13 −0.25 −0.21 0.07 0.43
Growth +488.7%
EPS, diluted −0.33 −0.66 −0.54 0.14 0.76
Growth +442.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Gross margin49.1%Operating margin6.1%Net margin−4.1%Free cash flow margin6.8%Fiscal year 2022Gross margin50.0%Operating margin1.4%Net margin−7.1%Free cash flow margin−4.7%Fiscal year 2023Gross margin52.5%Operating margin6.9%Net margin−4.7%Free cash flow margin1.7%Fiscal year 2024Gross margin55.4%Operating margin9.1%Net margin1.4%Free cash flow margin3.8%Fiscal year 2025Gross margin57.6%Operating margin10.7%Net margin6.5%Free cash flow margin7.8%
FY2021FY2022FY2023FY2024FY2025
Gross margin 49.1% 50.0% 52.5% 55.4% 57.6%
Operating margin 6.1% 1.4% 6.9% 9.1% 10.7%
Net margin −4.1% −7.1% −4.7% 1.4% 6.5%
Free cash flow margin 6.8% −4.7% 1.7% 3.8% 7.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow0.27Capital expenditure−0.06Free cash flow0.21Fiscal year 2022Operating cash flow−0.09Capital expenditure−0.08Free cash flow−0.17 −181.7%Fiscal year 2023Operating cash flow0.20Capital expenditure−0.12Free cash flow0.08Fiscal year 2024Operating cash flow0.42Capital expenditure−0.23Free cash flow0.20 +159.4%Fiscal year 2025Operating cash flow0.73Capital expenditure−0.22Free cash flow0.51 +162.4%
FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.27 −0.09 0.20 0.42 0.73
Capital expenditure −0.06 −0.08 −0.12 −0.23 −0.22
Free cash flow 0.21 −0.17 0.08 0.20 0.51
Growth −181.7% +159.4% +162.4%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash0.57Shareholders’ equity0.04Fiscal year 2022Cash0.40Shareholders’ equity−0.07Fiscal year 2023Cash0.48Total debt6.32Net cash (debt)−5.84Shareholders’ equity−0.16Fiscal year 2024Cash0.35Total debt0.93Net cash (debt)−0.58Shareholders’ equity5.00Debt to equity0.19Fiscal year 2025Cash0.65Total debt0.94Net cash (debt)−0.28Shareholders’ equity5.80Debt to equity0.16
FY2021FY2022FY2023FY2024FY2025
Cash 0.57 0.40 0.48 0.35 0.65
Total debt n/a n/a 6.32 0.93 0.94
Net cash (debt) n/a n/a −5.84 −0.58 −0.28
Shareholders’ equity 0.04 −0.07 −0.16 5.00 5.80
Debt to equity n/a n/a n/a 0.19 0.16

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
49.1% 50.0% 52.5% 55.4% 57.6%
6.1% 1.4% 6.9% 9.1% 10.7%
−2.9% −5.1% −2.4% 3.1% 9.5%
−4.1% −7.1% −4.7% 1.4% 6.5%
6.8% −4.7% 1.7% 3.8% 7.8%
Spending
43.3% 43.3% 45.8% 46.9% 47.3%
2.0% 2.2% 2.8% 4.4% 3.3%
n/a n/a n/a 51.4% 29.5%
Returns
−332.4% n/a n/a 1.5% 7.4%
n/a −3.2% −2.5% 0.9% 4.2%
Balance and payout
n/a n/a n/a 0.19 0.16
n/a 100.9% 101.9% 40.3% 42.2%