Amer Sports (AS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Amer Sports

NYSE•Consumer Cyclical•Leisure

$28.07+0.66(0.02%)Market closed

Market Cap

$14.84B

P/E

28.5x

P/S

1.4x

P/B

2.6x

Amer Sports, Inc. designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, Mainland China, Hong Kong, Macau, Taiwan, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports. The Technical Apparel segment offers outdoor apparel, footwear, and accessories, which include climbing gear. The Outdoor Performance segment provides hiking and running footwear, functional apparel, skiing and snowboarding gear, and lifestyle footwear products. The Ball & Racquet Sports segment offers sports equipment for tennis, baseball, American football, basketball, golf, and various other professional and recreational sports, as well as functional athletic apparel. This segment provides custom-fitting protective gear and apparel for baseball, softball, football, and lacrosse. The company sells its products under the Arc'teryx, PeakPerformance, Salomon, Atomic, Armada, Wilson, Louisville Slugger, DeMarini, EvoShield, and Atec brands. It distributes its products through retail stores, general sporting goods retailers, specialty stores, independently operated partner stores, and distributors, as well as retailer-owned and third-party e-commerce websites. The company was formerly known as Amer Sports Management Holding (Cayman) Limited and changed its name to Amer Sports, Inc. in August 2023. Amer Sports, Inc. was founded in 1950 and is based in Helsinki, Finland.

How this company scores

GoodMetricSide Score: 62/100

Strongest: Balance Sheet & Red Flags (18/25); weakest: Profitability (11/25).

Profitability11/25

Growth16/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality17/25

Strengths

Rising earningsLow leverageCash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 28.5x5y range 28.5x – 69.2x

P/S · 1.4x5y range 1.4x – 2.3x

P/B · 2.6x5y range 1.2x – 2.9x

Currently near its 5-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Cash Burn

Watch

FCF turned negative in 2 of the last 6 quarters — occasional cash consumption.

Price & Volume

Market Cap $14.84B

Metrics at a Glance

as of December 2025

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $10.76B
Q. Revenue: $5.09B
TTM EBITDA: $1.85B
TTM Op. Income: $1.18B
Q. Op. Income: $487.60M
TTM Net Income: $520.60M
Q. Net Income: $302.30M
EPS: $0.528
Shares Out.: $555.06M

$10.76B in TTM revenue grew from zero YoY, reaching $5.09B last quarter. TTM EBITDA of $1.85B and TTM operating income of $1.18B show growth is flowing through to the bottom line. TTM net income of $520.60M means revenue is converting into profit. Over the past year, TTM revenue is up 0% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 57.6%
EBITDA Margin: 17.2%
Op. Margin: 9.6%
Net Margin: 5.9%

Op. margin of 9.6% is up 10.4% YoY — cost efficiency is improving. Net margin at 5.9% and gross margin of 57.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 1219% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 28.5x
P/S Ratio: 1.4x
P/B Ratio: 2.6x

At 28.5x P/E, the stock trades within typical market levels. P/S of 1.4x and P/B of 2.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $10.06B
Cash: $652.30M
Long-Term Debt: $792.30M
Book Value: $5.80B
D/E Ratio: 0.1
Debt/EBITDA: 0.9

With $10.06B in assets and $792.30M in long-term debt, D/E is 0.1and book value is $5.80B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 0% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $566.10M
TTM Free Cash Flow: $748.20M
FCF Margin: 7.0%
FCF / Net Income: 1.4

TTM FCF of $748.20M on $566.10M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Across the last 6 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.