Amer Sports, Inc. most recently reported annual revenue of $6.6B, net profit of $427.0M. Revenue grew at an average annual rate of 21.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Amer Sports, Inc.: Revenue rose from $2.4B in 2020 to $6.6B in 2025, a change of +168.4% over 5 years; net profit was positive in 2 of 6 reported years; operating margin moved from 5.1% to 10.3%, a shift of +5.2 percentage points; the most recent year shows net profit of $427.0M.
Income Statement — 6 Years (USD millions)
Metric
2020
2021
2022
2023
2024
2025
Revenue
$2.4B
$3.1B
$3.6B
$4.4B
$5.2B
$6.6B
Operating Expenses
$2.3B
$2.9B
$3.5B
$4.1B
$4.7B
$5.9B
Operating Profit
$125.0M
$187.0M
$51.0M
$303.0M
$471.0M
$680.0M
Operating Margin
5.1%
6.1%
1.4%
6.9%
9.1%
10.3%
Other Income
$-272.0M
$-277.0M
$-233.0M
$-407.0M
$-310.0M
$-55.0M
Interest
$272.0M
$279.0M
$249.0M
$402.0M
$231.0M
$98.0M
Depreciation
$230.0M
$206.0M
$197.0M
$221.0M
$274.0M
$384.0M
Profit Before Tax
$-147.0M
$-90.0M
$-183.0M
$-105.0M
$161.0M
$625.0M
Tax
$-17.8M
$-38.6M
$-26.4M
$-99.6M
$51.4M
$29.5M
Net Profit
$-237.0M
$-126.0M
$-253.0M
$-209.0M
$73.0M
$427.0M
EPS
$-0.48
$-0.26
$-0.52
$-0.43
$0.14
$0.76
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
4 duplicate period labels in the source data were collapsed.
Metric
Sep '23
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
$1.2B
$1.3B
$1.2B
$1.0B
$1.4B
$1.6B
$1.5B
$1.2B
$1.8B
$2.1B
$1.9B
$1.6B
Operating Expenses
$1.0B
$1.3B
$1.1B
$1.0B
$1.2B
$1.4B
$1.3B
$1.2B
$1.5B
$1.9B
$1.6B
$1.5B
Operating Profit
$105.0M
$60.0M
$109.0M
$-8.0M
$177.0M
$194.0M
$214.0M
$44.0M
$216.0M
$224.0M
$313.0M
$170.0M
Operating Margin
9.1%
4.6%
9.1%
-0.8%
13.1%
11.8%
14.6%
3.5%
12.3%
10.7%
16.1%
10.4%
Interest
$109.0M
$105.0M
$68.0M
$48.0M
$49.0M
$64.0M
$22.0M
$30.0M
$26.0M
$20.0M
$25.0M
$20.0M
Profit Before Tax
$-3.0M
$-55.0M
$15.0M
$-54.0M
$129.0M
$71.0M
$198.0M
$22.0M
$198.0M
$207.0M
$241.0M
$161.0M
Tax
$-987.9M
$-72.2M
$54.3M
$96.7M
$56.4M
$75.9M
$30.1M
$-2.8M
$25.9M
$35.6M
$29.3M
$26.7M
Net Profit
$-38.0M
$-93.0M
$5.0M
$-4.0M
$56.0M
$15.0M
$135.0M
$18.0M
$143.0M
$132.0M
$165.0M
$107.0M
EPS
$-0.07
$-0.18
$0.01
$-0.01
$0.11
$0.03
$0.24
$0.03
$0.25
$0.23
$0.29
$0.18
Over the 6 years reported for Amer Sports, Inc., borrowings decreased from $7.0B in 2020 to $1.8B in 2025, cash stood at $652.0M in the latest year, shareholders' equity was $19.0M, current assets covered current liabilities 1.50 times.
Balance Sheet — 6 Years (USD millions)
Metric
2020
2021
2022
2023
2024
2025
Total Assets
$8.6B
$8.0B
$7.9B
$8.4B
$8.3B
$10.1B
Current Assets
$2.2B
$1.9B
$2.2B
$2.4B
$2.4B
$3.3B
Cash
$390.0M
$567.0M
$402.0M
$483.0M
$345.0M
$652.0M
Inventory
$570.0M
$583.0M
$913.0M
$1.1B
$1.2B
$1.6B
Receivables
$603.0M
$630.0M
$758.0M
$717.0M
$747.0M
$952.0M
Fixed Assets
$654.0M
$580.0M
$546.0M
$719.0M
$1.1B
$1.5B
Capital Work in Progress
$0
$0
$0
$0
$0
$0
Investments
$0
$0
$9.0M
$9.0M
$17.0M
$71.0M
Other Assets
$2.6B
$2.5B
$2.2B
$2.3B
$2.1B
$2.3B
Total Liabilities
$8.8B
$7.9B
$8.0B
$8.5B
$3.3B
$4.2B
Current Liabilities
$1.2B
$947.0M
$1.3B
$1.6B
$1.6B
$2.2B
Borrowings
$7.0B
$6.3B
$6.2B
$6.7B
$1.5B
$1.8B
Other Liabilities
$1.8B
$1.6B
$1.7B
$1.9B
$1.8B
$2.5B
Equity
$640.0M
$640.0M
$642.0M
$642.0M
$18.0M
$19.0M
Reserves
$-153.0M
$38.0M
$-74.0M
$-160.0M
$5.0B
$5.8B
For Amer Sports, Inc., operating cash flow was positive in 5 of 6 reported years; free cash flow in the latest year was $504.0M; free cash flow was positive in 5 of 6 years; financing activities used $164.0M in the latest year, which covers debt repayment, dividends and buybacks.
Cash Flow Statement — 6 Years (USD millions)
Metric
2020
2021
2022
2023
2024
2025
Operating Cash Flow
$298.0M
$268.0M
$-92.0M
$199.0M
$425.0M
$729.0M
Investing Cash Flow
$-199.0M
$230.0M
$-206.0M
$-294.0M
$-510.0M
$-564.0M
Financing Cash Flow
$-75.0M
$-75.0M
$-103.0M
$-69.0M
$-111.0M
$-164.0M
Net Cash Flow
$0
$567.0M
$-165.0M
$81.0M
$-138.0M
$307.0M
Free Cash Flow
$206.0M
$202.0M
$-179.0M
$60.0M
$183.0M
$504.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
0.21
EV / EBITDA
12.13
FCF Yield
4.37%
Quick Ratio
0.80
Interest Coverage
10.19
Return 1Y
-10.75%
Return 3Y
—
Return 5Y
—
Amer Sports, Inc. (AS) financials — frequently asked questions
What is Amer Sports, Inc.'s annual revenue?
Amer Sports, Inc. (AS) reported annual revenue of $6.6B in its most recent fiscal year.
What is Amer Sports, Inc.'s net profit?
Amer Sports, Inc. (AS) reported net profit of $427.0M in its most recent fiscal year.
What is AS EV/EBITDA?
Amer Sports, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 12.13.