Amer Sports, Inc.
- Open
- 33.48
- Day high
- 33.88
- Day low
- 33.16
- Prev close
- 33.84
- Volume
- 570K
- Mkt cap
- $19.7B
- P/E (TTM)
- 41.1
- EPS (TTM)
- $0.82
- P/B
- 2.9
- P/S
- 2.8
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$29.9M over the last 3 months (0 open-market buys, 10 sales)
- 🏛Institutions accumulating (13F)
Amer Sports, Inc. (AS) is a Consumer Cyclical company listed on NYSE. The stock is down 10% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 10 sales (SEC Form 4).
Amer Sports, Inc. (AS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 19, 2026 | $0.31 | $0.38 | +22.6% | $1.9B | +5.9% |
| Feb 24, 2026 | $0.27 | $0.31 | +14.8% | $2.1B | +15.2% |
| Nov 18, 2025 | $0.25 | $0.33 | +31.0% | $1.8B | +2.1% |
| Aug 19, 2025 | $0.02 | $0.06 | +143.2% | $1.2B | +5.0% |
| May 20, 2025 | $0.15 | $0.27 | +75.0% | $1.5B | +6.1% |
| Nov 19, 2024 | $0.10 | $0.14 | +40.0% | $1.4B | -15.0% |
| Aug 20, 2024 | $-0.06 | $0.05 | +189.3% | $994M | +4.9% |
| May 21, 2024 | $0.02 | $0.08 | +263.6% | $1.1B | -3.6% |
| Mar 5, 2024 | $-0.07 | $-0.11 | -57.1% | $1.2B | — |
AS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 5, 2026 | Zheng Jie (James)director, officer: Chief Executive Officer | Sell | 500,000 | $34.42 |
| Jun 5, 2026 | Zheng Jie (James)director, officer: Chief Executive Officer | Option | 500,000 | $7.68 |
| Jun 3, 2026 | Chen Wen-Chang (Victor)officer: Chief Strategy Officer | Sell | 13,075 | $35.62 |
| Jun 2, 2026 | Haselden Stuartofficer: CEO of Arc'teryx Equipment | Option | 200,000 | $12.51 |
| Jun 2, 2026 | Haselden Stuartofficer: CEO of Arc'teryx Equipment | Sell | 15,275 | $35.43 |
| Jun 2, 2026 | Haselden Stuartofficer: CEO of Arc'teryx Equipment | Sell | 200,000 | $35.58 |
| May 27, 2026 | Page Andrew Eofficer: Chief Financial Officer | Sell | 97,485 | $36.75 |
| May 27, 2026 | Page Andrew Eofficer: Chief Financial Officer | Sell | 7,745 | $36.78 |
| May 27, 2026 | Page Andrew Eofficer: Chief Financial Officer | Option | 97,485 | $14.19 |
| May 18, 2026 | Spear Catherine Evadirector | Grant | 5,250 | — |
| May 18, 2026 | Yiu Kin Wah Stephendirector | Grant | 5,250 | — |
| May 18, 2026 | Salzer Brunodirector | Grant | 5,250 | — |
| May 15, 2026 | Teffner Carrie W.director | Grant | 5,250 | — |
| May 14, 2026 | Teffner Carrie W.director | Option | 7,265 | — |
| May 11, 2026 | Salzer Brunodirector | Option | 7,265 | — |
Source: AS SEC Form 4 filings, latest Jun 5, 2026. For informational purposes only — not investment advice.
See the full AS insider & 13F page →Amer Sports, Inc. company profile
Overview
Amer Sports, Inc. (NYSE:AS) is a Finnish multinational sporting goods company that went public on the New York Stock Exchange in February 2024. Founded in 1950 and headquartered in Helsinki, Finland, the company has evolved from its origins into one of the world's leading premium sports equipment and apparel manufacturers. Amer Sports operates a portfolio of well-known brands including Arc'teryx, Salomon, Wilson, Peak Performance, Atomic, and Louisville Slugger, serving outdoor enthusiasts, professional athletes, and recreational sports participants globally.
Business
Amer Sports operates in the global sporting goods industry, designing, manufacturing, and selling premium sports equipment, technical apparel, footwear, and accessories. The company's products span outdoor recreation, winter sports, and ball-and-racquet sports, targeting consumers who value performance, innovation, and technical excellence in their sporting activities. The company operates through three primary business segments: Technical Apparel segment (approximately 45% of revenue) is anchored by the Arc'teryx brand, which produces high-end outdoor apparel, footwear, and accessories designed for extreme weather conditions and technical outdoor activities like mountaineering, skiing, and hiking. Arc'teryx is known for its premium positioning and innovative materials technology. The segment also includes Peak Performance, a Swedish brand focused on ski and lifestyle apparel. Outdoor Performance segment (approximately 36% of revenue) is led by Salomon, a French brand famous for trail running shoes, hiking boots, and ski equipment. This segment also includes Atomic (skiing equipment), Armada (freestyle skiing), and ENVE (high-performance cycling components). Salomon has been particularly successful in the lifestyle sneaker market, with its mountain-inspired footwear achieving over $1 billion in sales. Ball & Racquet Sports segment (approximately 18% of revenue) features Wilson, one of the most recognizable names in tennis, baseball, and American football equipment. The segment includes DeMarini (baseball bats), Louisville Slugger (baseball equipment), EvoShield (protective gear), and ATEC (training equipment). Wilson holds leading market positions in tennis racquets and has been expanding into soft goods like apparel and footwear. The company serves both professional athletes and recreational users, with products distributed through branded retail stores, specialty sporting goods retailers, general retailers, e-commerce platforms, and independent distributors across more than 100 countries.
Revenue model
Amer Sports generates revenue through multiple channels and business models across its brand portfolio. The company primarily makes money through product sales of sporting goods, apparel, and footwear, operating both wholesale and direct-to-consumer (DTC) models. The wholesale model involves selling products to sporting goods retailers, specialty stores, and distributors who then sell to end consumers. This traditional model provides broad market reach and established distribution networks, though with lower margins due to retailer markups. The direct-to-consumer model has become increasingly important, generating higher margins through company-owned retail stores and e-commerce platforms. Arc'teryx operates over 100 branded stores globally, while Salomon has been rapidly expanding its retail presence, particularly in China with over 400 shops. The DTC channel has shown strong growth, with Technical Apparel DTC growing 44% and Outdoor Performance DTC growing 58% in 2024. Several factors influence the company's margins and profitability. Positive margin drivers include the premium positioning of brands like Arc'teryx, which commands high prices due to technical innovation and brand prestige. The shift toward DTC sales eliminates retailer margins and provides better customer data. Geographic expansion, particularly in China where outdoor sports are booming, offers significant growth opportunities. Product category expansion, such as Arc'teryx's move into footwear and women's apparel, creates new revenue streams. Margin pressures come from raw material cost inflation, particularly for technical fabrics and materials. Currency fluctuations affect the company's global operations. Retail expansion requires significant upfront investment in stores and inventory. Competition from both established sporting goods companies and new direct-to-consumer brands puts pressure on pricing and market share. Economic downturns can reduce demand for premium-priced discretionary sporting goods.
Competitive moat
Amer Sports possesses a moderate to strong competitive moat built primarily around brand strength, technical innovation, and customer loyalty in specific niches. The company's moat varies significantly across its brand portfolio, with Arc'teryx representing the strongest competitive position. Arc'teryx has developed a particularly strong moat in the premium outdoor apparel market through its reputation for technical excellence, innovative materials, and extreme weather performance. The brand commands premium pricing and has cultivated an almost cult-like following among serious outdoor enthusiasts and urban consumers who value technical performance and status. The brand's association with professional mountaineers and extreme athletes reinforces its credibility and desirability. Salomon maintains a solid position in trail running and outdoor footwear through its technical expertise and mountain heritage, though it faces more competition in the broader athletic footwear market. The brand's success in lifestyle sneakers demonstrates its ability to bridge performance and fashion. Wilson benefits from strong brand recognition and professional athlete endorsements in tennis and baseball, though these markets are mature and face competition from other established brands like Head, Babolat, and Rawlings. The company's moat faces several potential threats. Competitive pressures come from large athletic brands like Nike and Adidas expanding into outdoor categories, as well as newer direct-to-consumer brands that can move quickly and target specific niches. Technology disruption could come from new materials or manufacturing processes that commoditize current technical advantages. Economic sensitivity affects demand for premium-priced discretionary goods during downturns. Fashion risk exists particularly for lifestyle-oriented products where consumer preferences can shift rapidly. Overall, Amer Sports has built respectable brand moats, particularly with Arc'teryx, but must continue investing in innovation and brand building to maintain competitive advantages in dynamic markets.
Risks & safety
Amer Sports demonstrates moderate financial safety with improving fundamentals following its 2024 IPO and debt restructuring. **Liquidity and Solvency:** - Cash position of $345 million provides reasonable liquidity buffer - Current ratio of 1.54 indicates adequate short-term liquidity coverage - Debt-to-equity ratio of 0.30 shows conservative leverage following debt restructuring - Positive free cash flow of $137 million for 2024 demonstrates cash generation capability - No immediate solvency concerns given debt reduction and improving profitability **Valuation Metrics:** - EV/EBITDA of 22.6x appears elevated for a consumer cyclical company - Price-to-book ratio of 2.79x reflects premium valuation - Return on equity of 1.5% is relatively low, indicating room for improvement in capital efficiency - Revenue growth of 18% in 2024 supports some valuation premium **Other Considerations:** - Recent IPO status provides access to capital markets for future funding needs - Seasonal business model creates working capital fluctuations - Premium brand positioning provides some pricing power during inflationary periods - Geographic diversification reduces single-market dependency risks
Recent development
Over the past few years, Amer Sports has undergone significant strategic transformation, culminating in its successful IPO in February 2024. The company has shifted from a centralized operating model to a decentralized brand-direct approach, allowing each brand to operate with greater autonomy while leveraging shared corporate resources. Arc'teryx expansion has been the primary growth driver, with the brand achieving over $2 billion in sales in 2024. The company has aggressively expanded Arc'teryx's retail footprint, opening 33 net new stores in 2024 and targeting potential for 400-500 stores globally. Arc'teryx has also successfully expanded into new product categories, with footwear growing over 60% and approaching 10% of brand sales, while women's products now represent nearly 40% of sales. Salomon's transformation into a lifestyle brand has been remarkable, with sneakers surpassing $1 billion in sales as the brand successfully bridges outdoor performance and urban fashion. The company has rapidly expanded Salomon's retail presence, particularly in China where it operates over 400 shops, and is exploring expansion into North America and Europe. Wilson's revitalization has focused on the Tennis 360 strategy, expanding beyond equipment into apparel and footwear while leveraging partnerships with tennis legends like Roger Federer. The brand has returned to the #1 market share position in U.S. performance racquets and is expanding its retail concept stores. Geographic expansion, particularly in China, has been a key strategic focus. The Chinese market grew 56% in Q3 2024, driven by strong consumer demand for premium outdoor and sports products. The company has tailored its approach to Chinese consumers while maintaining brand authenticity. Digital and DTC acceleration has been prioritized across all brands, with significant investments in e-commerce platforms, customer data analytics, and direct customer relationships. This strategy has paid off with strong DTC growth rates across all segments.
AS company profile · for informational purposes only — not investment advice.
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