Amer Sports, Inc. (AS) AI Stock Analysis

Amer Sports, Inc., headquartered in Helsinki, Finland, operates as a global provider of sports equipment, apparel, footwear, and accessories across Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. Founded in 1950, the company organizes its operations into three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports. Its Technical Apparel brand portfolio includes Arc'teryx and Peak Performance. The Outdoor Performance segment features Salomon, Atomic, Armada, and ENVE. The Ball & Racquet Sports segment encompasses Wilson, DeMarini, Louisville Slugger, EvoShield, and ATEC. Products are sold through retail stores, partner-operated stores, specialty shops, general sporting goods retailers, distributors, and e-commerce platforms.

Amer Sports grew annual revenue from $3.07B in FY2021 to $6.57B in FY2025, achieving a 5-year revenue CAGR of 21.8%. Gross margin expanded consistently, rising from 49.1% in FY2021 to 57.6% in FY2025, while operating margin reached 10.4% in FY2025. Following net income of -$126.3M in FY2021, -$252.7M in FY2022, and -$208.6M in FY2023, the business turned profitable with net income of $72.6M in FY2024 and $427.4M in FY2025. For the latest quarter ended June 30, 2026, quarterly revenue growth was 32.1% year-over-year and quarterly earnings growth reached 500.0%, bringing trailing twelve month revenue to $7.44B.

As of June 30, 2026, Amer Sports held $720.4M in cash and short-term investments against total debt of $1.10B, resulting in net debt of $381.2M. Shareholders' equity stood at $6.87B against total assets of $10.23B, translating to a debt-to-equity ratio of 0.16 and a current ratio of 1.76. In FY2025, operating cash flow reached $729.2M and free cash flow was $503.7M. During that fiscal year, capital expenditures totaled $225.5M, while share issuance contributed $36.8M.

Amer Sports trades at a trailing P/E of 31.6x and a forward P/E of 14.6x, compared to medians of 18.0x and 14.1x for its US-listed Consumer Cyclical peers. Enterprise value is $16.03B, with an EV to EBITDA multiple of 17.9x versus the peer group median of 11.1x. The company's price-to-sales ratio is 2.3x compared to the peer median of 0.7x, alongside a PEG ratio of 0.44. Over the past year, the stock fell 2.0%, trailing the S&P 500 return of 16.8%.

Wall Street analysts maintain 20 Strong Buy, 6 Buy, and 1 Hold ratings on Amer Sports, with 0 Sell or Strong Sell ratings. The mean price target of $47.24 indicates 57.4% upside over the last close of $30.02. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $8.21B and EPS of $1.33, reflecting 36.9% annual EPS growth. Amer Sports beat EPS estimates in each of the last 4 quarters. The next earnings date is November 17, 2026.

This page is an AI-written research summary of Amer Sports, Inc. (AS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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