AS revenueFY2025$6.57B
- FY YoY
- +26.7%
AS revenue was $6.57B for fiscal 2025 (ended Dec 31, 2025), up 26.7% from fiscal 2024. It rose in each of the last 4 fiscal years. Fiscal 2025 is the highest of the 5 fiscal years on file.
Financials · AS
Amer Sports Inc. (AS) financials
For fiscal 2025 (ended Dec 31, 2025), Amer Sports Inc. reported $6.57B of revenue and $427.40M of net income.
- Revenue, FY2025
- $6.57B
- Revenue growth, YoY
- +26.7%
- Net income, FY2025
- $427.40M
- Net income growth, YoY
- +488.7%
- Net margin
- 6.5%
- Free cash flow, FY2025
- $513.30M
- EPS, diluted, FY2025
- $0.76
- EPS growth, YoY
- +442.9%
- Cash
- $652.30M
- Total debt
- $792.30M
- P/E
- 40.87
- P/S
- 2.66
- Market cap
- $17.47B
FY2021FY2025
FY2021FY2025
FY2021FY2025
AS revenue and earnings growth
AS net incomeFY2025$427.40M
- FY YoY
- +488.7%
AS net income was $427.40M for fiscal 2025 (ended Dec 31, 2025), up 488.7% from fiscal 2024. Fiscal 2025 is the highest of the 5 fiscal years on file.
AS EPSFY2025$0.76
- FY YoY
- +442.9%
AS diluted EPS was $0.76 for fiscal 2025 (ended Dec 31, 2025), up 442.9% from fiscal 2024.
AS free cash flowFY2025$513.30M
- FY YoY
- +162.4%
AS free cash flow was $513.30M for fiscal 2025 (ended Dec 31, 2025), up 162.4% from fiscal 2024. Fiscal 2025 is the highest of the 5 fiscal years on file.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $6.57B | $5.18B | $4.40B | $3.57B | $3.07B |
| Cost of revenue | $2.78B | $2.31B | $2.09B | $1.79B | $1.56B |
| Gross profit | $3.78B | $2.87B | $2.31B | $1.79B | $1.51B |
| Selling, general and admin | $3.10B | $2.43B | $2.01B | $1.54B | $1.33B |
| Operating income | $701.80M | $470.80M | $302.50M | $50.60M | $186.90M |
| Interest expense | $97.70M | $219.00M | $397.60M | $237.50M | $279.00M |
| Pre-tax income | $624.50M | $161.20M | -$104.60M | -$182.60M | -$89.80M |
| Income tax | $184.10M | $82.80M | $104.20M | $48.30M | $34.70M |
| Net income | $427.40M | $72.60M | -$208.60M | -$252.70M | -$126.30M |
| EPS, basic | $0.77 | $0.15 | -$0.54 | -$0.66 | -$0.33 |
| EPS, diluted | $0.76 | $0.14 | -$0.54 | -$0.66 | -$0.33 |
| Diluted shares | 563.1M | 501.7M | 384.5M | 384.3M | 383.3M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $652.30M | $345.40M | $483.40M | $402.00M | $567.60M |
| Inventory | $1.62B | $1.22B | $1.10B | $912.50M | - |
| Current assets | $3.30B | $2.46B | $2.35B | $2.17B | - |
| Goodwill | $2.34B | $2.13B | $2.27B | $2.24B | - |
| Total assets | $10.06B | $8.40B | $8.37B | $7.90B | - |
| Current liabilities | $2.21B | $1.61B | $1.57B | $1.28B | - |
| Long-term debt | $792.30M | $790.80M | $5.94B | - | - |
| Total debt | $792.30M | $790.80M | $5.94B | $6.24B | - |
| Total liabilities | $4.24B | $3.39B | $8.53B | $7.97B | - |
| Shareholders' equity | $5.80B | $5.00B | -$156.80M | -$73.90M | $38.00M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $729.80M | $424.70M | $199.00M | -$91.70M | $268.00M |
| Capital expenditures | $216.50M | $229.10M | $123.60M | $77.70M | $60.70M |
| Free cash flow | $513.30M | $195.60M | $75.40M | -$169.40M | $207.30M |
| Investing cash flow | -$338.10M | -$268.30M | -$154.80M | -$118.60M | $295.40M |
| Financing cash flow | -$124.00M | -$266.00M | $35.00M | $81.10M | -$369.70M |
| Stock-based compensation | $37.20M | $19.50M | $10.70M | $0 | - |
| Depreciation and amortization | $384.20M | $273.80M | $220.90M | $197.00M | $206.10M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue growth, YoY | 26.7% | 17.8% | 23.2% | 16.5% | - |
| Net income growth, YoY | 488.7% | - | - | - | - |
| EPS growth, YoY | 442.9% | - | - | - | - |
| Gross margin | 57.6% | 55.4% | 52.5% | 50.0% | 49.1% |
| Operating margin | 10.7% | 9.1% | 6.9% | 1.4% | 6.1% |
| Net margin | 6.5% | 1.4% | -4.7% | -7.1% | -4.1% |
| Free cash flow margin | 7.8% | 3.8% | 1.7% | -4.7% | 6.8% |
| Return on equity | 7.4% | 1.5% | - | - | -332.4% |
| Return on assets | 4.2% | 0.9% | -2.5% | -3.2% | - |
| Current ratio | 1.50 | 1.52 | 1.49 | 1.70 | - |
| Debt to equity | 0.14 | 0.16 | - | - | - |
Source: XBRL data Amer Sports Inc. files with the SEC, latest filing dated Feb 26, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
AS peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| AS | $6.57B | +26.7% | $427.40M | 6.5% | $17.47B |
| TPR | $8.19B | +13.7% | $1.61B | 19.7% | $26.80B |
| LULU | $11.09B | +1.7% | $1.42B | 12.8% | $11.80B |
| LEVI | $6.68B | +6.6% | $589.70M | 8.8% | $8.86B |
| GIL | $3.62B | +10.7% | $398.88M | 11.0% | $6.49B |
| ZGN | €1.92B | -1.5% | €98.58M | 5.1% | $3.75B |
| COLM | $3.43B | +0.1% | $238.77M | 7.0% | $3.54B |
| FIGS | $749.11M | +28.9% | $72.45M | 9.7% | $3.36B |
| UAA | $4.93B | -3.6% | -$492.49M | -10.0% | $2.39B |
AS FAQ
9 questionsWhat is AS revenue?
Amer Sports Inc. (AS) reported $6.57B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 26.7% from the year before.Is AS profitable?
Yes. Amer Sports Inc. earned $427.40M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 6.5%.How much cash and debt does AS have?
Amer Sports Inc. reported $652.30M in cash and cash equivalents and $792.30M of debt on its most recent balance sheet in SEC filings.How fast is AS revenue growing?
Amer Sports Inc.'s revenue changed +26.7% in fiscal 2025, to $6.57B.What is AS gross margin?
Amer Sports Inc.'s gross profit was $3.78B on $6.57B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 57.6%.What is AS free cash flow?
Amer Sports Inc. generated $513.30M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $729.80M less capital expenditures.What is AS earnings per share?
Diluted earnings per share were $0.76 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did AS last report financial results?
The latest statements here come from Amer Sports Inc.'s 20-F filed on Feb 26, 2026, covering the period ended Dec 31, 2025.Where does this AS financial data come from?
Quantisnow builds these statements from the structured XBRL data Amer Sports Inc. files with the SEC. It is provided for information only and is not investment advice.