Under Armour Inc C (UA)
Gross profit margin
| Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,630,250 | 2,630,250 | 2,649,340 | 2,649,340 | 2,861,500 |
| Revenue | US$ in thousands | 5,701,880 | 5,701,880 | 5,903,640 | 5,903,640 | 5,683,470 |
| Gross profit margin | 46.13% | 46.13% | 44.88% | 44.88% | 50.35% |
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.
Peer comparison
Mar 31, 2024