Under Armour (UA) Gross Margin (2009 - 2026)
Under Armour posted quarterly Gross Margin of 42.01% for Q1 2026, down 464.0% year-on-year from 11.54% in Q1 2025, and down 5.41% on a QoQ basis from 44.42% in Q4 2025.
Under Armour (UA) has 18 years of Gross Margin data on file, last reported at 42.01% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 464.0% year-over-year to 42.01%; the trailing twelve-month figure through Mar 2026 stood at 45.48% (down 244.0% YoY), and the FY2026 full-year result was 45.48%, down 244.0% from the prior year.
- Gross Margin for Q1 2026 stood at 42.01%, down from 44.42% in the prior quarter.
- Across five years, Gross Margin topped out at 49.76% in Q3 2024 and bottomed at 42.01% in Q1 2026.
- The 5-year median for Gross Margin is 46.55% (2022), against an average of 46.19%.
- The widest annual swing landed in 2022, when Gross Margin tumbled 567 bps; it then surged 246 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 45.32% in 2022, then declined by 0 bps to 45.13% in 2023, then gained by 5 bps to 47.48% in 2024, then slipped by 6 bps to 44.42% in 2025, then slipped by 5 bps to 42.01% in 2026.
- The last three Gross Margin figures came in at 42.01% (Q1 2026), 44.42% (Q4 2025), and 47.29% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.42 Bn | 20.35 Bn | 1.38 Bn | 69.68% |
| 2 | Levi Strauss | 9.03 Bn | 8.22 Bn | 1.08 Bn | 61.88% |
| 3 | V F | 6.53 Bn | 6.32 Bn | 1.22 Bn | 56.41% |
| 4 | Pvh | 4.49 Bn | 3.79 Bn | 1.44 Bn | 57.61% |
| 5 | Kontoor Brands | 3.96 Bn | 3.85 Bn | 470.76 Mn | 46.24% |
| 6 | Columbia Sportswear | 3.46 Bn | 2.93 Bn | 394.96 Mn | 50.70% |
| 7 | Under Armour | 2.29 Bn | 1.38 Bn | 492.04 Mn | 42.01% |
| 8 | Figs | 1.95 Bn | 1.68 Bn | 108.30 Mn | 67.73% |
| 9 | G Iii Apparel | 1.38 Bn | 969.37 Mn | 285.48 Mn | 37.00% |
| 10 | Canada Goose Holdings | 710.16 Mn | 412.34 Mn | -268.86 Mn | 71.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.01% |
| Dec 31, 2025 | 44.42% |
| Sep 30, 2025 | 47.29% |
| Jun 30, 2025 | 48.19% |
| Mar 31, 2025 | 46.65% |
| Dec 31, 2024 | 47.48% |
| Sep 30, 2024 | 49.76% |
| Jun 30, 2024 | 47.54% |
| Mar 31, 2024 | 45.01% |
| Dec 31, 2023 | 45.13% |
| Sep 30, 2023 | 47.78% |
| Jun 30, 2023 | 46.43% |
| Mar 31, 2023 | 43.29% |
| Sep 30, 2022 | 45.32% |
| Jun 30, 2022 | 46.55% |
| Dec 31, 2021 | 50.74% |
| Sep 30, 2021 | 50.99% |
| Jun 30, 2021 | 49.49% |
| Mar 31, 2021 | 50.00% |
| Dec 31, 2020 | 49.41% |
| Sep 30, 2020 | 47.89% |
| Jun 30, 2020 | 49.34% |
| Mar 31, 2020 | 46.33% |
| Dec 31, 2019 | 47.29% |
| Sep 30, 2019 | 48.26% |
| Jun 30, 2019 | 46.51% |
| Mar 31, 2019 | 45.22% |
| Dec 31, 2018 | 44.98% |
| Sep 30, 2018 | 46.10% |
| Jun 30, 2018 | 44.82% |
| Mar 31, 2018 | 44.16% |
| Dec 31, 2017 | 43.35% |
| Sep 30, 2017 | 46.04% |
| Jun 30, 2017 | 45.93% |
| Mar 31, 2017 | 45.36% |
| Dec 31, 2016 | 44.72% |
| Sep 30, 2016 | 47.47% |
| Jun 30, 2016 | 47.73% |
| Mar 31, 2016 | 45.88% |
| Dec 31, 2015 | 47.98% |
| Sep 30, 2015 | 48.76% |
| Jun 30, 2015 | 48.37% |
| Mar 31, 2015 | 46.92% |
| Dec 31, 2014 | 49.85% |
| Sep 30, 2014 | 49.61% |
| Jun 30, 2014 | 49.20% |
| Mar 31, 2014 | 46.87% |
| Dec 31, 2013 | 51.31% |
| Sep 30, 2013 | 48.42% |
| Jun 30, 2013 | 48.32% |
| Mar 31, 2013 | 45.92% |
| Dec 31, 2012 | 50.26% |
| Sep 30, 2012 | 48.75% |
| Jun 30, 2012 | 45.87% |
| Mar 31, 2012 | 45.58% |
| Dec 31, 2011 | 51.57% |
| Sep 30, 2011 | 48.35% |
| Jun 30, 2011 | 46.26% |
| Mar 31, 2011 | 46.39% |
| Dec 31, 2010 | 51.66% |
| Sep 30, 2010 | 50.94% |
| Jun 30, 2010 | 48.80% |
| Mar 31, 2010 | 46.92% |
| Dec 31, 2009 | 51.23% |
| Sep 30, 2009 | 49.46% |
| Jun 30, 2009 | 44.78% |