Under Armour Inc C (UA)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019
Gross profit (ttm) US$ in thousands 2,523,558 2,529,042 2,581,433 2,630,253 2,636,150 2,662,435 2,627,746 2,646,448 2,816,888 2,908,068 2,863,055 2,861,499 2,779,188 2,677,404 2,357,752 2,160,095 2,148,000 2,151,578 2,356,730 2,470,533
Revenue (ttm) US$ in thousands 5,315,920 5,400,920 5,568,570 5,701,870 5,768,270 5,863,720 5,870,930 5,903,030 6,033,630 5,997,670 5,775,320 5,683,460 5,558,030 5,445,520 4,801,630 4,474,670 4,512,120 4,508,560 4,992,650 5,267,130
Gross profit margin 47.47% 46.83% 46.36% 46.13% 45.70% 45.41% 44.76% 44.83% 46.69% 48.49% 49.57% 50.35% 50.00% 49.17% 49.10% 48.27% 47.61% 47.72% 47.20% 46.90%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,523,558K ÷ $5,315,920K
= 47.47%

The gross profit margin of Under Armour Inc C has shown some fluctuations over the analyzed period from December 31, 2019, to December 31, 2024. It started at 46.90% in December 2019 and gradually increased to 50.35% by December 2021, indicating an improvement in the company's ability to generate profit from its core operations.

However, after reaching its peak in December 2021, the gross profit margin began to decline slightly, dropping to 45.70% by December 2023. This could suggest potential challenges in managing production costs or pricing strategies during this period.

In the most recent data point available in December 2024, the gross profit margin increased again to 47.47%, showing a slight recovery from the previous decrease. This rebound could indicate that the company has implemented measures to enhance its profitability.

Overall, the trend in Under Armour Inc C's gross profit margin demonstrates both positive and negative movements, highlighting the importance of closely monitoring production costs, pricing, and overall operational efficiency to sustain and enhance profitability in the future.