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Amer Sports AS

Amer Sports scores good on business quality (6.9 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$28.14Oct 9, 2026
Business qualityGood
Next earningsNov 16, 2026, before the open
Insiders, 90 daysSelling

Why it matters

  1. What Amer Sports does

    Amer Sports designs and sells athletic footwear, apparel, and equipment through premium brands like Arc'teryx and Salomon, collecting revenue directly from outdoor enthusiasts and wholesale partners.

  2. What it does best

    Amer Sports commands pricing power through its Arc'teryx brand, driving a gross margin of 59.8% that sits in the top decile of its sector at the 88th percentile. This edge relies on cultural cachet and technical outdoor prestige that competitors cannot easily replicate without years of brand building.

  3. The main risk

    Footwear sector weakness threatens consumer discretionary spending. When sector bellwethers like Nike stumble, high-valuation growth names face immediate multiple contraction.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin stands at 12.3% and FCF margin at 49th percentile, reflecting a stable core. Scale benefits are starting to flow into operating cash flow of $961M.

MoatFair

Brand intangible assets lock in affluent consumers who treat technical gear as luxury streetwear, backed by a gross margin sitting at the 88th sector percentile.

GrowthFast

Revenue surged 26.7% to $7.4B, accelerating past historical rates as the technical apparel and footwear segments capture surging consumer demand.

Financial healthStrong

Total debt sits at $1.8B against $652M in cash, while interest coverage of 77x makes debt servicing trivial. Free cash flow reached $626M, showing a rapidly strengthening balance sheet.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

2 sold $3.2M outside pre-planned sales.

Our sealed record on AS

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is AS a good business?

Amer Sports scores good on the Cluenex quality check (6.9 of 10), measured against its own industry. Profitability is weak, moat fair, growth fast and financial health strong.

Are insiders buying AS?

In the last 90 days of SEC Form 4 filings: 2 sold $3.2M outside pre-planned sales.

When does AS report earnings?

Nov 16, 2026, before the open.

For members

See AS today

  • Today's verdict on AS, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Amer Sports (AS)”, https://cluenex.com/stocks/as/, data as of Oct 10, 2026.