Under Armour Inc C (UA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -204,788 | -133,419 | -22,003 | -50,959 | 262,074 | 293,909 | 315,320 | 286,447 | 287,765 | 212,516 | 174,733 | 197,976 | 253,143 | 390,877 | 507,788 | 410,892 | 155,635 | -492,544 | -646,778 | -550,373 |
| 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 |
| Pretax margin | -3.97% | -2.51% | -0.41% | -0.92% | 4.60% | 5.09% | 5.38% | 4.88% | 4.87% | 3.66% | 3.04% | 3.46% | 4.42% | 6.88% | 9.14% | 7.55% | 3.24% | -11.01% | -14.33% | -12.21% |
March 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-204,788K ÷ $5,164,300K
= -3.97%
The pretax margin of Under Armour Inc C has shown fluctuations over the period from June 30, 2020, to March 31, 2025. The company experienced negative pretax margins in the quarters ending June 2020, September 2020, December 2020, and the first half of 2024. However, there was a notable improvement in profitability with positive pretax margins starting from the quarter ending March 2021 through the quarter ending September 2023.
The pretax margin reached its peak at 9.14% in the quarter ending September 30, 2021, indicating a strong performance in profitability during that period. From December 31, 2021, to March 31, 2024, the pretax margin remained relatively stable, ranging between 3.66% and 4.88%.
However, in the more recent quarters ending June 30, 2024, and September 30, 2024, the company experienced negative pretax margins again. This could be a cause for concern as it indicates a decline in profitability during that period. The pretax margin slightly improved in the quarter ending December 31, 2024, but remained negative at -2.51%. The downward trend continued in the quarter ending March 31, 2025, with a pretax margin of -2.41%.
Overall, the pretax margin trend reflects varying levels of profitability for Under Armour Inc C, with periods of both positive and negative margins. It is important for the company to assess the factors contributing to these fluctuations and implement strategies to enhance profitability in the future.
Peer comparison
Mar 31, 2025