Under Armour Inc C (UA)

Gross profit margin

		Mar 31, 2025	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	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Gross profit (ttm)	US$ in thousands	2,474,744	2,523,303	2,529,329	2,585,192	2,630,253	2,637,816	2,665,040	2,626,879	2,649,340	2,647,600	2,725,128	2,799,398	2,838,022	2,861,499	2,779,188	2,677,404	2,357,752	2,160,095	2,148,000	2,151,578
Revenue (ttm)	US$ in thousands	5,164,300	5,315,780	5,400,840	5,568,530	5,701,880	5,768,730	5,864,410	5,871,580	5,903,630	5,805,660	5,753,080	5,724,730	5,727,200	5,683,460	5,558,030	5,445,520	4,801,630	4,474,670	4,512,120	4,508,560
Gross profit margin		47.92%	47.47%	46.83%	46.43%	46.13%	45.73%	45.44%	44.74%	44.88%	45.60%	47.37%	48.90%	49.55%	50.35%	50.00%	49.17%	49.10%	48.27%	47.61%	47.72%

March 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,474,744K ÷ $5,164,300K
= 47.92%

The gross profit margin of Under Armour Inc C has shown fluctuations over the stated periods. It stood at 47.72% as of June 30, 2020, and displayed a slight decrease to 47.61% by September 30, 2020. However, the margin improved to 48.27% by December 31, 2020, and continued to increase steadily, reaching its peak at 50.35% on December 31, 2021.

Subsequently, there was a slight decline in the gross profit margin to 45.60% by December 31, 2022. The margin continued to fluctuate within a range in the following periods, with a notable drop to 37.26% as of March 31, 2025.

Overall, the trend of the gross profit margin has been relatively positive, with periods of both increases and decreases. It is essential for the company to assess the reasons behind the fluctuations in the gross profit margin to maintain profitability and financial health.