Amer Sports, Inc.
AS · Apparel & Other Finishd Prods of Fabrics & Similar Matl · EDGAR filings ↗
Reference price $34.42 — last insider sale, 2026-06-03 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
A85Scaled, wide-moat portfolio of premium sports brands (Arc'teryx, Salomon, Wilson) compounding revenue ~27% with top-decile growth, FCF and ROIC.
Strengths
- Revenue growth ~27% (100th pct), net income growth (92nd pct), FCF $513M (91st pct) and ROIC 8.2% (88th pct) are all top-decile/quartile
- Strong premium gross margin ~57.6% (67th pct) with pricing power and durable brand moat; clean balance sheet (D/E 0.16, interest coverage 7.2x)
Risks
- Reported material weakness in IT general controls over financial reporting
- ROE only ~7.6% (42nd pct) and weak quick ratio (0.76) given seasonal inventory build
Notable findings
- Material weakness40 Ta b le of Contents We have identified a material weakness in our internal controls over financial reporting
- Strong balance sheetStrong balance sheet — $652M cash & investments
- Insider sellingInsider selling — 12 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$30M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
57.6%
Operating margin
10.7%
Net margin
6.7%
Return on equity
7.6%
Return on assets
4.4%
ROIC
8.2%
Revenue growth (QoQ)
19.6%
Net-income growth
461.7%
Debt / equity
0.2×
Interest coverage
7.2×
Current ratio
1.5×
Free cash flow
$513M
Tangible book value
$3.5B
Cash & investments
$652M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-03 | Zheng Jie (James) | Option exercise | 500K | $7.68 |
| 2026-06-03 | Zheng Jie (James) | Sell | 500K | $34.42 |
| 2026-06-01 | Chen Wen-Chang (Victor) | Sell | 13K | $35.62 |
| 2026-06-01 | Haselden Stuart | Option exercise | 200K | $12.51 |
| 2026-06-01 | Haselden Stuart | Sell | 200K | $35.58 |
| 2026-06-01 | Haselden Stuart | Sell | 15K | $35.43 |
| 2026-05-26 | Page Andrew E | Option exercise | 97K | $14.19 |
| 2026-05-26 | Page Andrew E | Sell | 97K | $36.75 |
| 2026-05-26 | Page Andrew E | Sell | 7.7K | $36.78 |
| 2026-05-08 | Teffner Carrie W. | Option exercise | 7.3K | — |
| 2026-05-08 | Spear Catherine Eva | Option exercise | 7.3K | — |
| 2026-05-08 | Yiu Kin Wah Stephen | Option exercise | 7.3K | — |
| 2026-05-08 | Salzer Bruno | Option exercise | 7.3K | — |
| 2026-04-16 | Karlsson Jutta C | Sell | 662 | $36.26 |
| 2026-04-16 | Haselden Stuart | Sell | 11K | $36.26 |
| 2026-04-16 | Page Andrew E | Sell | 6.0K | $36.26 |
| 2026-04-15 | Haselden Stuart | Option exercise | 21K | — |
| 2026-04-15 | Karlsson Jutta C | Option exercise | 1.5K | — |
| 2026-04-15 | Page Andrew E | Option exercise | 14K | — |
| 2026-04-15 | Chen Wen-Chang (Victor) | Option exercise | 6.1K | — |
| 2026-04-15 | Zheng Jie (James) | Option exercise | 33K | — |
| 2026-04-02 | Karlsson Jutta C | Sell | 457 | $33.28 |
| 2026-04-02 | Page Andrew E | Sell | 2.1K | $33.28 |
| 2026-04-02 | Haselden Stuart | Sell | 6.5K | $33.28 |
| 2026-04-01 | Karlsson Jutta C | Option exercise | 1.0K | — |
| 2026-04-01 | Chen Wen-Chang (Victor) | Option exercise | 3.4K | — |
| 2026-04-01 | Zheng Jie (James) | Option exercise | 19K | — |
| 2026-04-01 | Page Andrew E | Option exercise | 4.6K | — |
| 2026-04-01 | Haselden Stuart | Option exercise | 12K | — |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-02-26 | 2025-12-31 | 0001988894-26-000004 ↗ |
| 20-F | 2025-03-07 | 2024-12-31 | 0001628280-25-011314 ↗ |
| 20-F | 2024-03-18 | 2023-12-31 | 0001104659-24-035553 ↗ |