# Under Armour Inc A (UAA.US)

Canonical: https://gigainvestors.com/s/UAA

Analysis as of: 2026-10-15T06:38:23.635Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $4.88 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Prem Watsa](https://gigainvestors.com/FFH): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 79% since Nov 2021 · "Under Armour’s Turnaround Hits a Wall as North America Demand Craters" (finance.yahoo.com, Aug 2026)

Story as of 2026-10-16T09:59:44.776Z; price observation 2026-10-15.

- 2025-05-13: Under Armour Fourth-Quarter Sales Fall Less Than Expected; Issues Upbeat Earnings Outlook ([finance.yahoo.com](https://finance.yahoo.com/news/under-armour-fourth-quarter-sales-155614372.html))

- 2025-10-16: Under Armour Struggles With Weak Demand Across Global Markets ([finance.yahoo.com](https://finance.yahoo.com/news/under-armour-struggles-weak-demand-163800210.html))

- 2026-02-06: Under Armour outlines $110M operating income target for FY26 as turnaround gains traction ([seekingalpha.com](https://seekingalpha.com/news/4548708-under-armour-outlines-110m-operating-income-target-for-fy26-as-turnaround-gains-traction?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

- 2026-04-08: Under Armour (UAA) Valuation Check After Revenue Decline But EPS And EBITDA Beat Forecasts ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/under-armour-uaa-valuation-check-050707707.html))

- 2026-05-12: Under Armour (UAA) Shares Sink After Earnings Miss and Weak FY2027 Guidance ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/under-armour-uaa-shares-sink-144011703.html))

- 2026-08-16: Under Armour’s Turnaround Hits a Wall as North America Demand Craters ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/under-armour-turnaround-hits-wall-160449561.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in apparel manufacturing; annual sales are USD 5 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1336917/000133691726000073/ua-20260331.htm (filed 2026-05-19); FY2026: revenue 4966370000; grossProfit 2258858000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 45.5% to 47.9% during 2024–26.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-05-19); FY2024: grossProfit / revenue = 46.1%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-05-19); FY2025: grossProfit / revenue = 47.9%.

- Source: https://www.sec.gov/Archives/edgar/data/1336917/000133691726000073/ua-20260331.htm (filed 2026-05-19); FY2026: grossProfit / revenue = 45.5%.

### Where the cash goes

Paid no dividends in 6 years; bought back USD 25 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-05-19); FY2022: growth capex 0; upkeep 69759000; owner earnings 431445000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-05-19); FY2023: growth capex 45949144.52173972; upkeep 141846855.47826028; cash acquisitions 0; owner earnings 368068144.5217397. Growth capex plus acquisitions / owner earnings = 0.12483868872011487.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-05-19); FY2024: growth capex 0; upkeep 150333000; cash acquisitions 0; owner earnings 224299000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-05-19); Dividend observations: [[2021,0],[2022,0],[2023,0],[2024,0],[2025,0],[2026,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1336917/000133691726000073/ua-20260331.htm (filed 2026-05-19); FY2026: cash repurchases 25000000 USD.

### Are managers owners

Insiders own 9.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); UAA.US SharesStats.PercentInsiders = 9.075 percentage points; cache date 2026-10-15.

### What the price says

The price is 0.4 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-05-19); Closing price 4.88 USD; reporting-to-trading FX 1; FY2026 annual sales per share 11.64243099103323; price multiple 0.4191564462575281. FY2026 cash earnings/share -1.1090546797163454. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $31.10 per share

- 2016-11: $30.80 per share

- 2016-12: $29.05 per share

- 2017-01: $21.49 per share

- 2017-02: $20.62 per share

- 2017-03: $19.78 per share

- 2017-04: $21.49 per share

- 2017-05: $19.16 per share

- 2017-06: $21.76 per share

- 2017-07: $20.02 per share

- 2017-08: $16.15 per share

- 2017-09: $16.48 per share

- 2017-10: $12.52 per share

- 2017-11: $13.29 per share

- 2017-12: $14.43 per share

- 2018-01: $13.86 per share

- 2018-02: $16.58 per share

- 2018-03: $16.35 per share

- 2018-04: $17.76 per share

- 2018-05: $20.90 per share

- 2018-06: $22.48 per share

- 2018-07: $19.97 per share

- 2018-08: $20.45 per share

- 2018-09: $21.22 per share

- 2018-10: $22.11 per share

- 2018-11: $23.88 per share

- 2018-12: $17.67 per share

- 2019-01: $20.74 per share

- 2019-02: $22.55 per share

- 2019-03: $21.14 per share

- 2019-04: $23.09 per share

- 2019-05: $22.80 per share

- 2019-06: $25.35 per share

- 2019-07: $23.07 per share

- 2019-08: $18.61 per share

- 2019-09: $19.94 per share

- 2019-10: $20.65 per share

- 2019-11: $18.89 per share

- 2019-12: $21.60 per share

- 2020-01: $20.18 per share

- 2020-02: $14.19 per share

- 2020-03: $9.21 per share

- 2020-04: $10.42 per share

- 2020-05: $8.75 per share

- 2020-06: $9.74 per share

- 2020-07: $10.52 per share

- 2020-08: $9.81 per share

- 2020-09: $11.23 per share

- 2020-10: $13.84 per share

- 2020-11: $16.57 per share

- 2020-12: $17.17 per share

- 2021-01: $17.50 per share

- 2021-02: $21.89 per share

- 2021-03: $22.16 per share

- 2021-04: $24.31 per share

- 2021-05: $22.58 per share

- 2021-06: $21.15 per share

- 2021-07: $20.45 per share

- 2021-08: $23.14 per share

- 2021-09: $20.18 per share

- 2021-10: $21.96 per share

- 2021-11: $23.59 per share

- 2021-12: $21.19 per share

- 2022-01: $18.83 per share

- 2022-02: $17.89 per share

- 2022-03: $17.02 per share

- 2022-04: $15.36 per share

- 2022-05: $10.58 per share

- 2022-06: $8.33 per share

- 2022-07: $9.26 per share

- 2022-08: $8.42 per share

- 2022-09: $6.65 per share

- 2022-10: $7.45 per share

- 2022-11: $10.00 per share

- 2022-12: $10.16 per share

- 2023-01: $12.39 per share

- 2023-02: $9.93 per share

- 2023-03: $9.49 per share

- 2023-04: $8.87 per share

- 2023-05: $7.21 per share

- 2023-06: $7.22 per share

- 2023-07: $8.06 per share

- 2023-08: $7.64 per share

- 2023-09: $6.85 per share

- 2023-10: $6.85 per share

- 2023-11: $8.14 per share

- 2023-12: $8.79 per share

- 2024-01: $7.62 per share

- 2024-02: $8.96 per share

- 2024-03: $7.38 per share

- 2024-04: $6.73 per share

- 2024-05: $7.19 per share

- 2024-06: $6.67 per share

- 2024-07: $6.97 per share

- 2024-08: $7.69 per share

- 2024-09: $8.91 per share

- 2024-10: $8.55 per share

- 2024-11: $9.71 per share

- 2024-12: $8.28 per share

- 2025-01: $8.35 per share

- 2025-02: $6.81 per share

- 2025-03: $6.25 per share

- 2025-04: $5.72 per share

- 2025-05: $6.71 per share

- 2025-06: $6.83 per share

- 2025-07: $6.64 per share

- 2025-08: $5.00 per share

- 2025-09: $4.99 per share

- 2025-10: $4.61 per share

- 2025-11: $4.62 per share

- 2025-12: $4.97 per share

- 2026-01: $6.17 per share

- 2026-02: $7.42 per share

- 2026-03: $5.91 per share

- 2026-04: $6.29 per share

- 2026-05: $5.87 per share

- 2026-06: $6.39 per share

- 2026-07: $6.65 per share

- 2026-08: $5.04 per share

- 2026-09: $4.46 per share

- 2026-10: $4.93 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1336917/000133691726000073/ua-20260331.htm); period 2026-03-31, filed 2026-05-19.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.