Under Armour Inc C (UA)

Gross profit margin

		Mar 31, 2024	Mar 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	2,630,250	2,643,830	2,861,500	2,160,100	2,470,530
Revenue	US$ in thousands	5,701,880	5,903,160	5,683,470	4,474,670	5,267,130
Gross profit margin		46.13%	44.79%	50.35%	48.27%	46.90%

March 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,630,250K ÷ $5,701,880K
= 46.13%

The gross profit margin of Under Armour Inc C has shown fluctuations over the past five fiscal years, ranging from 46.13% as of March 31, 2024, to 46.90% as of December 31, 2019. The highest gross profit margin was recorded at 50.35% on December 31, 2021, while the lowest was at 44.79% on March 31, 2023. Overall, the trend indicates a relatively stable performance in generating gross profit compared to revenues during the period under review. Further analysis of cost control measures and revenue generation strategies may provide insights into the factors driving these changes in gross profit margins.