Cash flow Amer Sports, Inc.

Equities

AS

KYG0260P1028

Other Specialty Retailers

Market Closed - Nyse Other stock markets 21:00:02 05/06/2026 BST			5-day change	1st Jan Change
34.10 ^USD	-1.13%		-4.16%	-8.70%

06-05	Amer Sports Insider Sold Shares Worth $17,210,450, According to a Recent SEC Filing	MT
06-04	Puma goes all-out on the Chinese market

2e53aa70b777ca50171f98bce.OFpXa_xKKiyzG644xUGs4d9a6zeZgxye6pZPfyY_HS0.YRsSGZ44ZnSFNuVgrzWftekMmF-r90yz3PwdIGd2S0Rqdw9bsBp7QPBx7w

Published financial data: AMER SPORTS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3.07B	3.55B	4.37B	5.18B	6.57B
Total Revenues	3.07B	3.55B	4.37B	5.18B	6.57B
Cost of Goods Sold, Total	1.56B	1.79B	2.09B	2.31B	2.78B
Gross Profit	1.51B	1.76B	2.28B	2.87B	3.78B
Selling General & Admin Expenses, Total	1.33B	1.52B	1.98B	2.43B	3.1B
Other Operating Expenses	-8.2M	-10.9M	-10.7M	-30.6M	-34.7M
Other Operating Expenses, Total	1.32B	1.51B	1.97B	2.4B	3.07B
Operating Income	187M	252M	304M	472M	714M
Interest Expense, Total	-265M	-238M	-398M	-219M	-97.7M
Interest And Investment Income	1.6M	3.1M	6.4M	8.8M	6.4M
Net Interest Expenses	-264M	-234M	-391M	-210M	-91.3M
Currency Exchange Gains (Loss)	-800K	6M	-5.3M	-54.2M	19.3M
Other Non Operating Income (Expenses)	-12.2M	-4.8M	-10.5M	-13.4M	-5.3M
EBT, Excl. Unusual Items	-89.9M	18.6M	-103M	194M	637M
Impairment of Goodwill	-	-179M	-	-	-
Gain (Loss) On Sale Of Assets	-	300K	500K	700K	-500K
Asset Writedown	-700K	-22.7M	-2.4M	-1.9M	-14M
Insurance Settlements	800K	200K	-	-	-
Legal Settlements	-	-	-	-	1.9M
Other Unusual Items	-	-	-	-31.8M	-
EBT, Incl. Unusual Items	-89.8M	-183M	-105M	161M	624M
Income Tax Expense	34.7M	48.3M	104M	82.8M	184M
Earnings From Continuing Operations	-124M	-231M	-209M	78.4M	440M
Earnings Of Discontinued Operations	-1.8M	-21.8M	-	-	-
Net Income to Company	-126M	-253M	-209M	78.4M	440M
Minority Interest	-	-	200K	-5.8M	-13M
Net Income - (IS)	-126M	-253M	-209M	72.6M	427M
Net Income to Common Incl Extra Items	-126M	-253M	-209M	72.6M	427M
Net Income to Common Excl. Extra Items	-124M	-231M	-209M	72.6M	427M
Per Share Items
Net EPS - Basic	-0.33	-0.66	-0.54	0.15	0.77
Basic EPS - Continuing Operations	-0.32	-0.6	-0.54	0.15	0.77
Basic Weighted Average Shares Outstanding	383M	384M	384M	498M	556M
Net EPS - Diluted	-0.33	-0.66	-0.54	0.14	0.76
Diluted EPS - Continuing Operations	-0.32	-0.6	-0.54	0.14	0.76
Diluted Weighted Average Shares Outstanding	383M	384M	384M	502M	563M
Normalized Basic EPS	-0.15	0.03	-0.17	0.23	0.69
Normalized Diluted EPS	-0.15	0.03	-0.17	0.23	0.68
Supplemental Items
EBITDA	308M	373M	438M	621M	930M
EBITA	245M	310M	366M	534M	812M
EBIT	187M	252M	304M	472M	714M
EBITDAR	-	-	470M	640M	1.11B
Effective Tax Rate - (Ratio)	-38.64	-26.45	-99.62	51.36	29.48
Total Current Taxes	28.5M	65.5M	141M	136M	251M
Total Deferred Taxes	6.2M	-17.2M	-36.6M	-53.3M	-66.8M
Normalized Net Income	-56.19M	11.62M	-63.99M	116M	385M
Interest on Long-Term Debt	143M	138M	12.2M	22.4M	33.1M
Non-Cash Pension Expense	-1.6M	0	600K	200K	0
Supplemental Operating Expense Items
Selling and Marketing Expenses	963M	1.11B	1.38B	-	-
General and Administrative Expenses	364M	415M	555M	-	-
Net Rental Expense, Total	-	-	32M	19M	177M
Imputed Operating Lease Interest Expense	-	-	15.78M	8.17M	85.64M
Imputed Operating Lease Depreciation	-	-	16.22M	10.83M	91.66M
Stock-Based Comp., SG&A Exp. (Total)	-	-	46M	21.3M	37.2M
Total Stock-Based Compensation	-	-	46M	21.3M	37.2M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	567M	402M	483M	345M	652M
Total Cash And Short Term Investments	567M	402M	483M	345M	652M
Accounts Receivable, Total	550M	675M	600M	614M	809M
Other Receivables	79.1M	93.1M	117M	132M	136M
Notes Receivable	-	-	-	-	6.6M
Total Receivables	629M	768M	716M	746M	952M
Inventory	583M	912M	1.1B	1.22B	1.62B
Prepaid Expenses	38.6M	65.7M	39.2M	39.4M	55M
Other Current Assets, Total	75.1M	24M	13M	45.3M	22.3M
Total Current Assets	1.89B	2.17B	2.35B	2.4B	3.3B
Gross Property Plant And Equipment	1.2B	1.19B	1.46B	1.87B	2.46B
Accumulated Depreciation	-653M	-681M	-778M	-842M	-1.06B
Net Property Plant And Equipment	546M	512M	684M	1.03B	1.4B
Long-term Investments	300K	8.9M	9.2M	16.8M	14.3M
Goodwill	2.48B	2.24B	2.27B	2.13B	2.34B
Other Intangibles, Total	2.84B	2.75B	2.74B	2.54B	2.7B
Deferred Tax Assets Long-Term	102M	109M	162M	67.6M	84.1M
Other Long-Term Assets, Total	94M	98.4M	152M	162M	215M
Total Assets	7.95B	7.9B	8.37B	8.34B	10.06B
Liabilities
Accounts Payable, Total	320M	436M	426M	549M	770M
Accrued Expenses, Total	324M	389M	450M	496M	646M
Short-term Borrowings	-	-	-	-	143M
Current Portion of Long-Term Debt	34.8M	208M	381M	136M	-
Current Portion of Leases	66.5M	63.5M	89.4M	117M	157M
Current Income Taxes Payable	41.1M	41M	79.6M	30.4M	95M
Unearned Revenue Current, Total	14.8M	20.8M	25M	82.5M	99.3M
Other Current Liabilities	146M	121M	122M	143M	300M
Total Current Liabilities	947M	1.28B	1.57B	1.55B	2.21B
Long-Term Debt	6.04B	5.83B	5.94B	791M	792M
Long-Term Leases	158M	133M	250M	439M	661M
Pension & Other Post Retirement Benefits	51.9M	31.8M	23.9M	30M	33.9M
Deferred Tax Liability Non Current	678M	655M	675M	487M	520M
Other Non Current Liabilities	40.5M	38.3M	67M	26.3M	27.7M
Total Liabilities	7.91B	7.97B	8.53B	3.33B	4.24B
Common Stock, Total	640M	642M	642M	18.4M	18.6M
Additional Paid In Capital	-	-	-	3.19B	3.25B
Retained Earnings	-596M	-860M	-1.06B	-985M	-558M
Comprehensive Income and Other	-6.2M	144M	255M	2.78B	3.09B
Total Common Equity	38M	-73.9M	-160M	5B	5.8B
Minority Interest	-	-	3.4M	9.1M	18.9M
Total Equity	38M	-73.9M	-157M	5.01B	5.82B
Total Liabilities And Equity	7.95B	7.9B	8.37B	8.34B	10.06B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	383M	384M	505M	554M	558M
ECS Total Common Shares Outstanding	383M	384M	384M	554M	558M
Book Value / Share	0.1	-0.19	-0.42	9.03	10.4
Tangible Book Value	-5.28B	-5.07B	-5.17B	334M	759M
Tangible Book Value Per Share	-13.77	-13.18	-13.46	0.6	1.36
Total Debt	6.3B	6.24B	6.66B	1.48B	1.75B
Net Debt	5.73B	5.83B	6.18B	1.14B	1.1B
Debt Equivalent of Unfunded Proj. Benefit Obligation	52M	31.8M	23.9M	18.3M	13.1M
Debt Equivalent Oper. Leases	-	-	256M	152M	1.42B
Minority Interest, Total (Incl. Fin. Div)	-	-	3.4M	9.1M	18.9M
Account Code - Inventory Valuation	-	5	5	5	5
Inventories - Raw Materials, Total	31.1M	46.9M	45M	36.6M	44.8M
Inventories - Work In Process, Total	15.6M	36.3M	48.7M	44.6M	50.8M
Inventories - Finished Goods, Total	536M	829M	1.01B	1.14B	1.53B
Land - (BS)	35.6M	34.9M	35.9M	35.6M	39.4M
Buildings, Total	316M	328M	375M	476M	615M
Machinery, Total	436M	420M	457M	490M	601M
Full Time Employees	-	-	11.4K	13.4K	15.4K
Accumulated Allowance for Doubtful Accounts (Supple)	17.9M	17.3M	16.2M	16.1M	11.7M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-126M	-253M	-209M	72.6M	427M
Depreciation & Amortization - CF	137M	137M	160M	212M	287M
Amortization of Goodwill and Intangible Assets - (CF)	58.5M	57.7M	61.4M	61.5M	97.1M
Depreciation & Amortization, Total	196M	194M	221M	274M	384M
(Gain) Loss From Sale Of Asset	-	-300K	-	5.6M	-
Asset Writedown & Restructuring Costs	-5.4M	213M	2.4M	1.9M	14M
Stock-Based Compensation (CF)	-	-	10.7M	19.5M	37.2M
Net Cash From Discontinued Operations	-28.1M	3.4M	-	-	-
Other Operating Activities, Total	153M	106M	265M	35.4M	-22.2M
Change In Accounts Receivable	36.2M	-149M	83.8M	-35.2M	-124M
Change In Inventories	-50.9M	-355M	-175M	-172M	-318M
Change In Accounts Payable	43.4M	116M	-38.7M	124M	190M
Change in Other Net Operating Assets	50M	33.9M	38.2M	99.8M	141M
Cash from Operations	268M	-91.7M	199M	425M	730M
Capital Expenditure	-60.7M	-77.7M	-124M	-229M	-216M
Sale of Property, Plant, and Equipment	500K	200K	500K	4.2M	-
Cash Acquisitions	-	-	-3.5M	-	-45.4M
Divestitures	-	-	-	15.5M	-
Sale (Purchase) of Intangible assets	-33M	-32.1M	-12.7M	-46.3M	-67.2M
Investment in Marketable and Equity Securities, Total	-	-19.4M	-	-	-
Other Investing Activities, Total	389M	10.4M	-15.5M	-12.6M	-9M
Cash from Investing	295M	-119M	-155M	-268M	-338M
Short Term Debt Issued, Total	135M	410M	310M	377M	284M
Long-Term Debt Issued, Total	-	11.7M	-	2.03B	-
Total Debt Issued	135M	422M	310M	2.4B	284M
Short Term Debt Repaid, Total	-294M	-238M	-140M	-326M	-278M
Long-Term Debt Repaid, Total	-209M	-73.5M	-141M	-4.9B	-148M
Total Debt Repaid	-503M	-311M	-282M	-5.22B	-426M
Issuance of Common Stock	-	-	-	2.57B	36.8M
Other Financing Activities, Total	-1.9M	-29.4M	6.3M	-18.8M	-18.7M
Cash from Financing	-370M	81.1M	35M	-266M	-124M
Foreign Exchange Rate Adjustments	-22.4M	-36.4M	2.1M	-28.4M	39.2M
Miscellaneous Cash Flow Adjustments	-100K	-	100K	-	-
Net Change in Cash	171M	-166M	81.4M	-138M	307M
Supplemental Items
Cash Interest Paid	126M	118M	179M	197M	95.9M
Cash Income Tax Paid (Refund)	31.3M	60.7M	88M	170M	212M
Levered Free Cash Flow	444M	-190M	70.59M	190M	534M
Unlevered Free Cash Flow	609M	-41.52M	319M	327M	595M
Change In Net Working Capital	-391M	283M	1.7M	-11.9M	-10.5M
Net Debt Issued / Repaid	-368M	110M	28.7M	-2.82B	-142M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.41	1.99	2.34	3.53	4.84
Return on Total Capital	1.77	2.52	3	4.54	6.35
Return On Equity %	216.71	1.29K	181.01	3.23	8.13
Return on Common Equity	216.71	1.29K	178.21	3	7.91
Margin Analysis
Gross Profit Margin %	49.1	49.7	52.1	55.4	57.63
SG&A Margin	43.27	42.91	45.38	46.89	47.28
EBITDA Margin %	10.06	10.5	10.02	11.98	14.17
EBITA Margin %	8	8.72	8.37	10.29	12.36
EBIT Margin %	6.09	7.1	6.97	9.11	10.88
Income From Continuing Operations Margin %	-4.06	-6.51	-4.78	1.51	6.71
Net Income Margin %	-4.12	-7.12	-4.78	1.4	6.51
Net Avail. For Common Margin %	-4.06	-6.51	-4.78	1.4	6.51
Normalized Net Income Margin	-1.83	0.33	-1.46	2.23	5.87
Levered Free Cash Flow Margin	14.47	-5.35	1.62	3.66	8.13
Unlevered Free Cash Flow Margin	19.87	-1.17	7.3	6.3	9.06
Asset Turnover
Asset Turnover	0.37	0.45	0.54	0.62	0.71
Fixed Assets Turnover	5.26	6.71	7.31	6.06	5.41
Receivables Turnover (Average Receivables)	5.32	5.79	6.85	8.54	8.9
Inventory Turnover (Average Inventory)	2.71	2.39	2.08	1.99	1.96
Short Term Liquidity
Current Ratio	2	1.7	1.49	1.54	1.5
Quick Ratio	1.26	0.91	0.76	0.7	0.72
Operating Cash Flow to Current Liabilities	0.28	-0.07	0.13	0.27	0.33
Days Sales Outstanding (Average Receivables)	68.61	63.02	53.27	42.87	41.03
Days Outstanding Inventory (Average Inventory)	134.73	152.86	175.5	183.9	186.67
Average Days Payable Outstanding	71.09	65.22	69.02	73.31	75.67
Cash Conversion Cycle (Average Days)	132.25	150.66	159.76	153.46	152.03
Long Term Solvency
Total Debt/Equity	16.57K	-8.44K	-4.25K	29.61	30.12
Total Debt / Total Capital	99.4	101.2	102.41	22.85	23.15
LT Debt/Equity	16.3K	-8.07K	-3.95K	24.55	24.97
Long-Term Debt / Total Capital	97.8	96.79	95.18	18.94	19.19
Total Liabilities / Total Assets	99.52	100.94	101.87	39.92	42.16
EBIT / Interest Expense	0.7	1.06	0.77	2.16	7.31
EBITDA / Interest Expense	1.44	1.88	1.32	3.41	11.24
(EBITDA - Capex) / Interest Expense	1.21	1.55	1.01	2.36	9.03
Total Debt / EBITDA	16.46	13.98	12.68	1.99	1.6
Net Debt / EBITDA	14.98	13.08	11.76	1.53	1
Total Debt / (EBITDA - Capex)	19.56	16.93	16.59	2.87	1.99
Net Debt / (EBITDA - Capex)	17.8	15.84	15.38	2.2	1.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	25.35	15.73	23.1	17.79	26.68
Gross Profit, 1 Yr. Growth %	31.05	17.14	29.06	24.42	31.77
EBITDA, 1 Yr. Growth %	20.47	20.88	17.44	41.87	50.27
EBITA, 1 Yr. Growth %	21.98	26.17	18.16	45.88	52.71
EBIT, 1 Yr. Growth %	28.56	34.8	20.85	55.11	52.03
Earnings From Cont. Operations, 1 Yr. Growth %	-28.28	85.46	-9.57	-137.55	461.73
Net Income, 1 Yr. Growth %	-46.75	100.08	-17.45	-134.8	488.71
Normalized Net Income, 1 Yr. Growth %	-29.32	-120.69	-650.43	-280.62	237.11
Diluted EPS Before Extra, 1 Yr. Growth %	-28.45	85.11	-9.7	-125.81	442.86
Accounts Receivable, 1 Yr. Growth %	-8.77	22.8	-11.19	2.43	21.35
Inventory, 1 Yr. Growth %	2.34	56.57	20.5	11.25	32.6
Net Property, Plant and Equip., 1 Yr. Growth %	-11.84	-6.35	33.69	49.88	36.95
Total Assets, 1 Yr. Growth %	-7.8	-0.69	6.06	-0.45	19.87
Tangible Book Value, 1 Yr. Growth %	-8.77	-3.96	2.1	-106.45	127.34
Common Equity, 1 Yr. Growth %	-124.85	-294.47	116.78	-3.22K	16.06
Cash From Operations, 1 Yr. Growth %	-10.04	-134.22	-317.01	113.42	71.84
Capital Expenditures, 1 Yr. Growth %	-33.52	28.01	59.07	85.36	-5.5
Levered Free Cash Flow, 1 Yr. Growth %	-	-142.82	-137.16	161.73	183.23
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-106.81	-868.42	1.75	82.82
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	20.44	19.35	20.47	22.15
Gross Profit, 2 Yr. CAGR %	-	23.9	22.95	26.8	28.05
EBITDA, 2 Yr. CAGR %	-	20.68	19.15	28.59	45.88
EBITA, 2 Yr. CAGR %	-	24.06	22.1	31.27	49.11
EBIT, 2 Yr. CAGR %	-	31.64	27.63	36.89	53.4
Earnings From Cont. Operations, 2 Yr. CAGR %	-	15.33	29.5	-41.73	45.23
Net Income, 2 Yr. CAGR %	-	3.22	28.52	-46.4	43.14
Normalized Net Income, 2 Yr. CAGR %	-	-61.76	6.72	215.31	144.52
Diluted EPS Before Extra, 2 Yr. CAGR %	-	15.09	29.24	-51.73	18.36
Accounts Receivable, 2 Yr. CAGR %	-	5.84	4.43	-4.62	16.16
Inventory, 2 Yr. CAGR %	-	26.58	37.36	15.78	21.46
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-9.14	11.89	41.55	43.26
Total Assets, 2 Yr. CAGR %	-	-4.31	2.63	2.76	9.63
Tangible Book Value, 2 Yr. CAGR %	-	-6.39	-0.98	-74.33	-61.7
Common Equity, 2 Yr. CAGR %	-	-30.48	105.32	722.49	501.81
Cash From Operations, 2 Yr. CAGR %	-	-44.52	-13.83	115.21	91.5
Capital Expenditures, 2 Yr. CAGR %	-	-7.75	42.7	71.71	32.35
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-60.11	0.67	172.15
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-27.64	190.27	36.21
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	21.32	19.12	22.51
Gross Profit, 3 Yr. CAGR %	-	-	25.59	24.02	28.44
EBITDA, 3 Yr. CAGR %	-	-	19.59	26.28	35.3
EBITA, 3 Yr. CAGR %	-	-	22.06	29.56	37.88
EBIT, 3 Yr. CAGR %	-	-	27.94	36.2	41.55
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	6.35	-14.29	24.02
Net Income, 3 Yr. CAGR %	-	-	-4.19	-16.85	19.15
Normalized Net Income, 3 Yr. CAGR %	-	-	-6.98	27.18	221.19
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	6.13	-24.46	8.15
Accounts Receivable, 3 Yr. CAGR %	-	-	-0.17	3.76	6.21
Inventory, 3 Yr. CAGR %	-	-	24.52	28.04	21.14
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	3.34	23.34	40
Total Assets, 3 Yr. CAGR %	-	-	-0.97	1.59	8.43
Tangible Book Value, 3 Yr. CAGR %	-	-	-3.65	-60.15	-46.89
Common Equity, 3 Yr. CAGR %	-	-	1.57	408.6	328.2
Cash From Operations, 3 Yr. CAGR %	-	-	-12.58	16.59	99.65
Capital Expenditures, 3 Yr. CAGR %	-	-	10.62	55.7	40.72
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-24.66	41.79
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-18.77	148.48
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	21.83
Gross Profit, 5 Yr. CAGR %	-	-	-	-	26.92
EBITDA, 5 Yr. CAGR %	-	-	-	-	29.44
EBITA, 5 Yr. CAGR %	-	-	-	-	32.18
EBIT, 5 Yr. CAGR %	-	-	-	-	37.51
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	20.46
Net Income, 5 Yr. CAGR %	-	-	-	-	12.5
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	37.11
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	10.86
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	6.07
Inventory, 5 Yr. CAGR %	-	-	-	-	23.29
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	17.77
Total Assets, 5 Yr. CAGR %	-	-	-	-	3.14
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	-33.38
Common Equity, 5 Yr. CAGR %	-	-	-	-	106.94
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	19.63
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	18.85