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Under Armour Gross Margin %

: 49.49% (As of Jun. 2021)
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Gross Margin % is calculated as gross profit divided by its revenue. Under Armour's Gross Profit for the three months ended in Jun. 2021 was $669 Mil. Under Armour's Revenue for the three months ended in Jun. 2021 was $1,352 Mil. Therefore, Under Armour's Gross Margin % for the quarter that ended in Jun. 2021 was 49.49%.


The historical rank and industry rank for Under Armour's Gross Margin % or its related term are showing as below:

NYSE:UAA' s Gross Margin % Range Over the Past 10 Years
Min: 45.07   Med: 48   Max: 49.17
Current: 49.17

45.07
49.17

During the past 13 years, the highest Gross Margin % of Under Armour was 49.17%. The lowest was 45.07%. And the median was 48.00%.

NYSE:UAA's Gross Margin % is ranked higher than
82% of the 96 Companies
in the Manufacturing - Apparel & Accessories industry.

( Industry Median: 35.32 vs. NYSE:UAA: 49.17 )

Under Armour had a gross margin of 49.49% for the quarter that ended in Jun. 2021 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Under Armour was 0.10% per year.


Under Armour Gross Margin % Historical Data

The historical data trend for Under Armour's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Under Armour Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 46.52 45.13 45.07 46.90 48.27

Under Armour Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.34 47.89 49.41 50.00 49.49

Competitive Comparison

For the Apparel Manufacturing subindustry, Under Armour's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Under Armour Gross Margin % Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Under Armour's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Under Armour's Gross Margin % falls into.



Under Armour Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Under Armour's Gross Margin for the fiscal year that ended in Dec. 2020 is calculated as

Gross Margin % (A: Dec. 2020 )=Gross Profit (A: Dec. 2020 ) / Revenue (A: Dec. 2020 )
=2160.1 / 4474.667
=(Revenue - Cost of Goods Sold) / Revenue
=(4474.667 - 2314.572) / 4474.667
=48.27 %

Under Armour's Gross Margin for the quarter that ended in Jun. 2021 is calculated as


Gross Margin % (Q: Jun. 2021 )=Gross Profit (Q: Jun. 2021 ) / Revenue (Q: Jun. 2021 )
=668.8 / 1351.534
=(Revenue - Cost of Goods Sold) / Revenue
=(1351.534 - 682.713) / 1351.534
=49.49 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Under Armour  (NYSE:UAA) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Under Armour had a gross margin of 49.49% for the quarter that ended in Jun. 2021 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Under Armour Gross Margin % Related Terms

Thank you for viewing the detailed overview of Under Armour's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Under Armour Business Description

Under Armour logo
Address
1020 Hull Street, Baltimore, MD, USA, 21230
Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America and other territories. Consumers of its apparel include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale and direct-to-consumer channels, including e-commerce and more than 400 total factory house and brand house stores. Under Armour also operates a digital fitness app called MapMyFitness. The Baltimore-based company was founded in 1996.
Executives
Sanders Harvey director C/O UNDER ARMOUR, INC. 1020 HULL STREET BALTIMORE MD 21230
Katz Karen director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: KATZ KAREN a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Coltharp Douglas E director C/O UNDER ARMOUR, INC. 1020 HULL STREET BALTIMORE MD 21230
Devard Jerri director 120 E 87TH STREET #P6A NEW YORK NY 10128
El-erian Mohamed director C/O UNDER ARMOUR, INC. 1020 HULL STREET BALTIMORE MD 21230
Olson Eric T director C/O IRIDIUM COMMUNICATIONS INC. 1750 TYSONS BOULEVARD, SUITE 1400 MCLEAN VA 22102
Moore Westley director 325 WEST HURON STREET SUITE 412 CHICAGO IL 60654
Bodenheimer George Ward director 95 HEMLOCK HILL ROAD NEW CANAAN CT 06840
Fipps Paul officer: Chief Experience Officer 1020 HULL STREET BALTIMORE MD 21230
Bergman David officer: Chief Financial Officer 1020 HULL STREET BALTIMORE MD 21230
Frisk Patrik officer: CEO & President 1020 HULL STREET BALTIMORE MD 21230
Browne Colin officer: Chief Operating Officer 1020 HULL STREET BALTIMORE MD 21230
Rocker Tchernavia officer: Chief People & Culture Officer 3700 WEST JUNEAU AVENUE MILWAUKEE WI 53202
Pugliese Stephanie L. officer: President, North America 170 COUNTRYSIDE DRIVE BELLEVILLE WI 53508
Stanton John Patrick officer: EVP, General Counsel 1020 HULL STREET BALTIMORE MD 21230

Under Armour Headlines

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