Under Armour, Inc. (UA) stock analysis

In our weekly check, Under Armour, Inc. is graded F (A to F). Of 22 checks on debt, profit, cash flow and trend: 5 pass, warnings: 4, red flags: 13.

About Under Armour, Inc.

Under Armour, Inc. is a Consumer Cyclical company (Apparel Manufacturing) based in the United States, listed on NYSE as UA.

What our checks show for UA

Red flags

• Debt is high against equity (0.96x). That limits room in a downturn.
• Operating profit does not cover the interest bill (0.4x): interest is paid from cash or new debt.
• The net margin fell by 16.3 points over 5 years, to -10%: the company keeps less of each sale as profit.
• The gross margin fell by 3.6 points, to 47%: costs are rising faster than prices.
• Analysts expect revenue to shrink about 0.1% a year.
• Revenue fell 5.5% a year over the last 3 years.
• Weak EPS growth
• The company is losing money: the net margin is -10%.
• Free cash flow is negative (-1.6% of revenue): the business spends more cash than it brings in.
• The price swings a lot: 53.5% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 95% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 0.5%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect earnings per share to shrink about 36.5% a year.
• A small company (market value $1.96 billion): usually riskier and followed by fewer analysts.
• The stock is still below its previous peak.
• Beta 1.54: the stock usually moves more than the market, both up and down.

Strengths

• Analysts expect the net margin to improve by 12.8 points from today's -10%.
• Actively traded: about 2.6 million shares a day.

Next earnings report: 2026-11-06

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Questions

What grade does Under Armour, Inc. (UA) have?

In our weekly check, Under Armour, Inc. is graded F (A to F). Of 22 checks on debt, profit, cash flow and trend: 5 pass, warnings: 4, red flags: 13. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of UA stock?

This week's biggest flags for Under Armour, Inc.: High debt, Weak interest cover, Margins falling. In total 17 of 22 checks show a warning or a red flag.

What does Under Armour, Inc. do?

Under Armour, Inc. is a Consumer Cyclical company (Apparel Manufacturing) based in the United States, listed on NYSE as UA.

When does Under Armour, Inc. report earnings next?

The next earnings report is expected on 2026-11-06. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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