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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Amer Sports, Inc. is a global enterprise dedicated to the creation, production, promotion, and sale of athletic equipment, clothing, footwear, and related accessories. The company's extensive reach covers Europe, the Middle East, Africa, the Americas, China, and the wider Asia Pacific region. Its operations are structured into three main divisions.
How they make money
Amer Sports operates as a global group of sports and outdoor brands, generating revenue primarily through the design, manufacturing, and distribution of premium apparel, footwear, and equipment. The company utilizes a multi-channel distribution strategy, selling products directly to consumers through its own retail stores and e-commerce platforms, as well as through wholesale partnerships with retailers globally.
Products & services
The company produces and sells technical apparel, outdoor performance gear, and ball and racquet sports equipment, including footwear, accessories, and specialized sporting goods.
Brands & revenue mix
Arc'teryx
Flagship brand in the Technical Apparel segment.
Separate brand revenue is not available in this research.Source
Salomon
Core brand in the Outdoor Performance segment.
Separate brand revenue is not available in this research.Source
Wilson
Core brand in the Ball & Racquet Sports segment.
Separate brand revenue is not available in this research.Source
Peak Performance
Brand within the Technical Apparel segment.
Separate brand revenue is not available in this research.Source
Atomic
Brand within the Outdoor Performance segment.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
As of December 31, 2025, the company does not have significant concentration among its wholesale partners; no single customer accounted for more than 10% of total accounts receivable, and the 20 largest wholesale partners accounted for 32% of total accounts receivable.
Suppliers, materials & equipment
Contract manufacturers — The company utilizes various third-party contract manufacturers to produce its apparel, footwear, and equipment, though specific supplier names are not disclosed.Source
Strengths
Strong brand portfolio including Arc'teryx, Salomon, and WilsonSource
Global operational footprint and multi-channel distribution capabilitiesSource
Overall investment score · Quality, value, risk and opportunity
53
Fair
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
73
Strong
Financial Strength
64
Business Quality / Moat
87
Management
89
Growth Quality
66
Risk / Durability
40
Great Company · Attractive Price
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
67
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
71/100
Building Historical Record
Model Score 71/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently positive.
What we like
•Balance-sheet / debt profile scores strongly
What to watch
•M&A headline · Oct 12, 2026
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for AS
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can AS maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is AS's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Does AS's balance between cash and debt leave enough flexibility if business conditions weaken?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AS
Detected from reported data — verify before acting.
M&A headline · Oct 12, 2026
Amer Sports Chief Strategy Officer Exercises Options to Acquire More than $7 Million Shares. Is This a Signal to Buy AS? — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Strong brand portfolio including Arc'teryx, Salomon, and Wilson.
+Global operational footprint and multi-channel distribution capabilities.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Leisure industry.
−Reputational risk from adverse publicity.
−Credit risk associated with wholesale partners.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Fair53/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Strong
73
Debt Cost5.6%
Debt Reduction YoY-18.2%
Debt / Equity0.30x
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Revenue
Weak
42
Revenue YoY13.2%
Revenue CAGR22.2%
Net Margin7.3%
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Asset
Fair
58
Asset Growth YoY20.7%
Liquidation/Share$12.23
Net Assets/MCap0.58x
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Capital
Poor
14
Earnings Yield3.5%
Buyback Yield0.0%
Debt Cost5.6%
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Management
Strong
89
ROIC6.6%
ROE8.0%
ROA5.3%
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Moat
Strong
87
EPS Growth413.3%
FCF/Share Growth80.8%
Rev/Share Growth16.1%
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Valuation
Fair
64
Intrinsic Value$37.34
Value Reference$22.41
MOS24.5%
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Buffett
Fair
68
Revenue42
Moat87
Valuation64
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MOS
Fair
67
MOS %24.5%
Value Reference$22.41
Deep Discount Reference$14.94
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Financial
Poor
29
Interest Coverage7.0x
ROIC6.6%
FCF Yield3.2%
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Master
Weak
45
Financial29
Valuation64
Debt73
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Resilience
Weak
49
Survival Years0.3 yrs
Current Ratio1.50x
FCF Margin7.7%
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Score Changes
6 historical score records available
Previous Score
51
Sep 8, 2026
Change
+1.5
points
Current Score
53
Oct 1, 2026
Category Changes
Revenue+0.4
Debt0
Assets+0.9
Capital0
Management0
Moat0
Valuation+6.6
Buffett+0.9
AS increased 1.5 points because Valuation improved by 6.6 points.
Positive Contributors
+ Valuation improved by 6.6 points
Projected Score
Projected Score
60
Projected Change
+7.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 7.2 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
Revenue
$7.44B
$6.57B
$5.18B
$4.40B
····
····
····
Cost of Revenue
$2.99B
$2.78B
$2.31B
$2.09B
····
····
····
Gross Profit
$4.45B
$3.78B
$2.87B
$2.31B
····
····
····
Research & Development
$0.00
$0.00
$0.00
$0.00
····
····
····
SG&A Expenses
$3.52B
$3.10B
$2.43B
$2.01B
····
····
····
Operating Expenses
$3.52B
$3.10B
$2.40B
$2.01B
····
····
····
EBITDA
$1.33B
$1.11B
$653.8M
$518.0M
····
····
····
Operating Income
$922.8M
$679.7M
$470.8M
$302.5M
····
····
····
Interest Expense
$90.6M
$97.7M
$230.8M
$401.7M
····
····
····
Income Before Tax
$806.5M
$624.5M
$161.2M
-$104.6M
····
····
····
Income Tax Expense
$238.7M
$184.1M
$82.8M
$104.2M
····
····
····
Net Income
$546.4M
$427.4M
$72.6M
-$208.6M
····
····
····
Basic EPS
$0.97
$0.77
$0.15
$-0.43
····
····
····
Basic Shares
583M
556M
498M
489M
····
····
····
Diluted Shares
589M
563M
502M
489M
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Cash position grew
Debt reduced
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 32.1%. EPS increased 455.6%. Cash increased 137.4%. Total debt declined 35.9%. Net income margin improved by 5.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
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5 Years
$———.——
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10 Years
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Conservative Projection Rate
——%
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Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
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