Under Armour Inc C (UA)

Gross profit margin

		Mar 31, 2025	Mar 31, 2024	Dec 31, 2023	Mar 31, 2023	Dec 31, 2022
Gross profit	US$ in thousands	2,474,740	2,630,250	2,630,250	2,643,830	2,649,340
Revenue	US$ in thousands	5,164,310	5,701,880	5,701,880	5,903,160	5,903,640
Gross profit margin		47.92%	46.13%	46.13%	44.79%	44.88%

March 31, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,474,740K ÷ $5,164,310K
= 47.92%

The gross profit margin of Under Armour Inc C has shown a consistent improvement over the years, starting at 44.88% as of December 31, 2022, and gradually increasing to 47.92% as of March 31, 2025. This upward trend indicates that the company has been effectively managing its production costs and generating higher revenues from its core operations. A higher gross profit margin reflects better efficiency in production and pricing strategies, which can contribute to overall profitability and financial health. The company's ability to maintain and enhance its gross profit margin demonstrates a positive trajectory in its operational performance and competitive position within the market.