Under Armour (UA) Net Margin (2009 - 2026)
Under Armour's (UA) quarterly Net Margin came in at 3.71% in Q1 2026, up 205.0% YoY from 1.22% in Q1 2025, and up 88.58% on a QoQ basis from 32.45% in Q4 2025.
Under Armour (UA) Net Margin (2009 - 2026) Analysis & Trends
Under Armour (UA) has 18 years of Net Margin data on file, last reported at 3.71% in Q1 2026.
- Quarterly Net Margin rose 205.0% year-over-year to 3.71% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.98% (down 607.0% YoY) and the FY2026 annual result came in at 9.98%, down 607.0% from the prior year.
- Net Margin rose to 3.71% in Q1 2026, from 32.45% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 12.49% in Q1 2023 to a low of 32.45% in Q4 2025.
- A 5-year average of 1.71% and a median of 0.28% in 2022 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 2555 bps in 2025, down 3254 bps in 2025.
- Tracing UA's Net Margin over 5 years: stood at 3.3% in 2022, then jumped by 126 bps to 7.44% in 2023, then slumped by 99 bps to 0.09% in 2024, then sank by 36182 bps to 32.45% in 2025, then surged by 89 bps to 3.71% in 2026.
- The last three Net Margin figures came in at 3.71% (Q1 2026), 32.45% (Q4 2025), and 1.38% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.40 Bn | 20.45 Bn | 1.44 Bn | 13.38% |
| 2 | Gildan Activewear | 10.27 Bn | 10.00 Bn | 459.76 Mn | -3.16% |
| 3 | Levi Strauss | 8.21 Bn | 7.24 Bn | 979.10 Mn | 5.59% |
| 4 | V F | 5.48 Bn | 4.81 Bn | 917.04 Mn | -5.82% |
| 5 | Kontoor Brands | 4.35 Bn | 4.30 Bn | 328.26 Mn | 10.65% |
| 6 | Ermenegildo Zegna | 3.54 Bn | 3.19 Bn | - | - |
| 7 | Pvh | 3.49 Bn | 2.90 Bn | 1.19 Bn | 4.35% |
| 8 | Columbia Sportswear | 3.04 Bn | 2.42 Bn | 358.43 Mn | 4.32% |
| 9 | Figs | 2.39 Bn | 2.09 Bn | 147.86 Mn | 14.43% |
| 10 | Under Armour | 2.19 Bn | 1.80 Bn | 593.83 Mn | 0.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.07% |
| Mar 31, 2026 | -3.71% |
| Dec 31, 2025 | -32.45% |
| Sep 30, 2025 | -1.38% |
| Jun 30, 2025 | -0.24% |
| Mar 31, 2025 | -5.75% |
| Dec 31, 2024 | 0.09% |
| Sep 30, 2024 | 12.15% |
| Jun 30, 2024 | -25.79% |
| Mar 31, 2024 | 0.49% |
| Dec 31, 2023 | 7.44% |
| Sep 30, 2023 | 6.67% |
| Jun 30, 2023 | 0.79% |
| Mar 31, 2023 | 12.49% |
| Sep 30, 2022 | 3.30% |
| Jun 30, 2022 | 0.28% |
| Dec 31, 2021 | 6.40% |
| Sep 30, 2021 | 6.00% |
| Jun 30, 2021 | 4.39% |
| Mar 31, 2021 | 6.02% |