Under Armour (UA) Gross Margin (2009 - 2026)
Under Armour's (UA) quarterly Gross Margin came in at 42.01% in Q1 2026, down 464.0% YoY from 11.54% in Q1 2025, and down 5.41% on a QoQ basis from 44.42% in Q4 2025.
Under Armour (UA) Gross Margin (2009 - 2026) Analysis & Trends
Under Armour (UA) has 18 years of Gross Margin data on file, last reported at 42.01% in Q1 2026.
- Quarterly Gross Margin fell 464.0% year-over-year to 42.01% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 45.48% (down 244.0% YoY) and the FY2026 annual result came in at 45.48%, down 244.0% from the prior year.
- Gross Margin retreated to 42.01% in Q1 2026, from 44.42% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 49.76% in Q3 2024 to a low of 42.01% in Q1 2026.
- A 5-year average of 46.23% and a median of 46.55% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin surged 235 bps — and 2026, when it sank 464 bps.
- Tracing UA's Gross Margin over 5 years: stood at 45.98% in 2022, then slipped by 2 bps to 45.13% in 2023, then rose by 5 bps to 47.48% in 2024, then decreased by 6 bps to 44.42% in 2025, then decreased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.40 Bn | 20.45 Bn | 1.44 Bn | 73.69% |
| 2 | Gildan Activewear | 10.27 Bn | 10.00 Bn | 459.76 Mn | 29.05% |
| 3 | Levi Strauss | 8.21 Bn | 7.24 Bn | 979.10 Mn | 62.68% |
| 4 | V F | 5.48 Bn | 4.81 Bn | 917.04 Mn | 54.93% |
| 5 | Kontoor Brands | 4.35 Bn | 4.30 Bn | 328.26 Mn | 56.18% |
| 6 | Ermenegildo Zegna | 3.54 Bn | 3.19 Bn | - | - |
| 7 | Pvh | 3.49 Bn | 2.90 Bn | 1.19 Bn | 58.57% |
| 8 | Columbia Sportswear | 3.04 Bn | 2.42 Bn | 358.43 Mn | 58.34% |
| 9 | Figs | 2.39 Bn | 2.09 Bn | 147.86 Mn | 75.20% |
| 10 | Under Armour | 2.19 Bn | 1.80 Bn | 593.83 Mn | 54.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 54.09% |
| 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 | 45.98% |
| Jun 30, 2022 | 46.55% |
| Dec 31, 2021 | 50.45% |
| Sep 30, 2021 | 50.29% |
| Jun 30, 2021 | 49.49% |
| Mar 31, 2021 | 50.00% |