AS (Amer Sports, Inc.) Stock Financials & Earnings | Market Cap Arena

AS (Amer Sports, Inc.) Stock Financials & Earnings | Market Cap Arena

ASAmer Sports, Inc.

Mkt Cap$19B

Consumer Cyclical·Leisure·🇫🇮 Finland·NYSE

Revenue (TTM)$6.6B

Net Income (TTM)$427M

EPS (TTM)$0.75

Free Cash Flow (TTM)$504M

Gross Margin57.6%

Op. Margin10.6%

Net Margin6.5%

FCF Margin7.7%

P/S Ratio (TTM)2.9x

P/E Ratio (TTM)45.1x

YoY Rev Growth+26.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.1B	$555M	$130M
Q2 23	$857M	$457M	$8M
Q3 23	$1.2B	$588M	$105M
Q4 23	$1.3B	$683M	$60M
Q1 24	$1.2B	$648M	$109M
Q2 24	$1.0B	$559M	-$9M
Q3 24	$1.4B	$747M	$177M
Q4 24	$1.6B	$918M	$194M
Q1 25	$1.5B	$851M	$214M
Q2 25	$1.2B	$723M	$44M
Q3 25	$1.8B	$998M	$216M
Q4 25	$2.1B	$1.2B	$224M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	4.9x	—
Q3 23	4.5x	—
Q4 23	4.4x	—
Q1 24	4.3x	—
Q2 24	4.1x	—
Q3 24	4.0x	—
Q4 24	3.7x	265.3x
Q1 25	3.5x	95.3x
Q2 25	3.4x	86.0x
Q3 25	3.2x	61.9x
Q4 25	2.9x	45.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$57M	$33M
Q2 23	-$124M	-$154M
Q3 23	-$39M	-$74M
Q4 23	$305M	$255M
Q1 24	$117M	$54M
Q2 24	-$50M	-$96M
Q3 24	-$49M	-$114M
Q4 24	$407M	$314M
Q1 25	$164M	$121M
Q2 25	-$57M	-$106M
Q3 25	-$3M	-$60M
Q4 25	$625M	$548M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$24M
Q2 23	$30M
Q3 23	$35M
Q4 23	$50M
Q1 24	$63M
Q2 24	$46M
Q3 24	$65M
Q4 24	$93M
Q1 25	$43M
Q2 25	$49M
Q3 25	$57M
Q4 25	$77M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 23	+36.1%	+34.9%
Q4 23	+9.7%	-0.1%
Q1 24	+13.5%	+17.8%
Q2 24	+16.9%	+18.9%
Q3 24	+17.4%	+12.3%
Q4 24	+24.4%	+14.9%
Q1 25	+23.5%	+16.1%
Q2 25	+23.5%	+18.1%
Q3 25	+29.7%	+30.9%
Q4 25	+28.5%	+30.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$7M	0.5%
Q4 24	$3M	0.2%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 23	$422M
Q2 23	$445M
Q3 23	$488M
Q4 23	$634M
Q1 24	$544M
Q2 24	$568M
Q3 24	$587M
Q4 24	$732M
Q1 25	$642M
Q2 25	$698M
Q3 25	$777M
Q4 25	$988M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$0	$804M	$804M
Q2 23	$279M	$0	$279M
Q3 23	$268M	$0	$268M
Q4 23	$483M	$0	$483M
Q1 24	$337M	$0	$337M
Q2 24	$256M	$0	$256M
Q3 24	$312M	$0	$312M
Q4 24	$345M	$0	$345M
Q1 25	$422M	$0	$422M
Q2 25	$303M	$0	$303M
Q3 25	$353M	$0	$353M
Q4 25	$652M	$0	$652M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	489M	+0.0%
Q2 23	489M	+0.0%
Q3 23	489M	+0.0%
Q4 23	489M	+0.0%
Q1 24	466M	-4.7%
Q2 24	505M	+8.3%
Q3 24	508M	+0.5%
Q4 24	525M	+3.3%
Q1 25	558M	+6.3%
Q2 25	561M	+0.6%
Q3 25	564M	+0.5%
Q4 25	564M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	$1M	4K
FY 24	$52K	100K
FY 25	$66K	100K