UAA
Under Armour margins
- Stocks
- Consumer Cyclical
- NYSE: UAA
- Margins
Under Armour shows a gross margin of 46.8%, an operating margin of -2.4%, an EBITDA margin of -0.5%, and a net margin of -10%, but its operating margin is negative at -2.4%, its EBITDA margin is negative at -0.5%, and its net margin is negative at -10%. Net margin drove the decline across the available margins, decreasing by 12 percentage points.
UAA margin history
Over the last 3 years, Under Armour's margins averaged 46.79% gross, -0.77% operating, 1.77% EBITDA, and -2.49% net. For Under Armour, gross margin is above its three-year average, while operating, EBITDA, and net margins are below their three-year averages.
UAA margin expansion
Compared with last year, gross, operating, EBITDA, and net margins all declined, with net margin showing the largest decrease at 12 percentage points.
UAA Gross margin
Over the last 3 years, Under Armour's gross margin averaged 46.79%. The current gross margin of 46.8% is 0 percentage points above its three-year average. During this period, gross margin reached a high of 48.1% in Jun 2025 and a low of 45.5% in Mar 2026.
UAA Operating margin
Under Armour recorded an average operating margin of -0.77% across the last 3 years. Under Armour currently reports an operating margin of -2.4%, 1.6 percentage points below its three-year average. Over the last 3 years, Under Armour's operating margin peaked at 4.3% in Dec 2023 and reached a low of -4% in Dec 2025.
UAA EBITDA margin
Looking back over the last 3 years, Under Armour recorded an average EBITDA margin of 1.77%. As of the latest period, the current EBITDA margin for Under Armour is -0.5%, 2.3 percentage points below its three-year average. The highest EBITDA margin for Under Armour was 7.1% in Mar 2024, while the lowest was -1.8% in Dec 2025.
UAA Net margin
Under Armour's net margin averaged -2.49% over the last 3 years. Compared with its three-year average, Under Armour's current net margin is -10% and is 7.5 percentage points below its three-year average. Over the last 3 years, Under Armour's net margin peaked at 6.7% in Dec 2023 and reached a low of -10.4% in Dec 2025.
UAA margin group comparison
Under Armour's gross margin of 46.8% is above the Consumer Cyclical sector average but below the industry average. Compared to its Consumer Cyclical sector average of 36.3%, Under Armour's gross margin is 29% higher.
UAA margin peer comparison
Frequently asked questions
What is Under Armour's gross margin?
For the period ending Jun 30, 2026, UAA recorded a gross margin of 46.8%.
What is Under Armour's operating margin?
As of Jun 30, 2026, UAA has an operating margin of -2.4%.
What is Under Armour's EBITDA margin?
The current EBITDA margin for UAA is -0.5% as of Jun 30, 2026.
What is Under Armour's net margin?
The current net margin for UAA is -10% as of Jun 30, 2026.
What are the average margins of UAA?
Under Armour's gross, operating, EBITDA, and net margins averaged 46.8% gross, -0.8% operating, 1.8% EBITDA, and -2.5% net over the last 3 years.
What are the highest historical margins of UAA?
Under Armour's highest recorded margins during the past 5 years were 50.3% gross in Dec 2021, 8.4% operating in Dec 2021, 10% EBITDA in Dec 2021, and 6.7% net in Dec 2023.
What are the lowest historical margins of UAA?
Over this 5-year history, Under Armour's margins fell as low as 44.7% gross in Jun 2023, -4% operating in Dec 2025, -1.8% EBITDA in Dec 2025, and -10.4% net in Dec 2025.