Under Armour Inc A (UAA)

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 A has shown fluctuations over the period from December 31, 2019, to December 31, 2024. Initially, the gross profit margin was at 46.90% as of December 31, 2019, and experienced a gradual increase to reach its peak at 50.35% by December 31, 2021.

However, after reaching this peak, the gross profit margin started to decline slightly, dropping to 44.76% by June 30, 2023. Despite a brief recovery in the subsequent quarter, the margin continued to fluctuate, eventually settling at 47.47% by December 31, 2024.

Overall, the gross profit margin trend of Under Armour Inc A indicates both periods of growth and contraction, reflecting changes in the company's revenue and cost structure over the analyzed period.