Company Analysis

Amer Sports, Inc. (AS)

NYSE: AS · Apparel & Other Finishd Prods of Fabrics & Similar Matl · Helsinki, FI · filing with the SEC since 2023
Grade6.0
◀ Past 5.4● Present 5.4▶ Future 7.5
1 est.

The grade of Amer Sports, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.0/10
◀ Past5.430% of the headline
● Present5.440% of the headline
▶ Future7.530% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.4/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.0/10

Has it survived what it has been through?

No warning events in its filings since 2023.

weight 33% of this tense · 61st percentile among 19 sector filers · read for itself

From the record

Amer Sports, Inc.'s filings since 2023 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.2/10

What has it actually done, year after year?

+21% a year over 5 filed years; profitable in 2 of 5.

weight 45% of this tense · 72nd percentile among 19 sector filers · read for its customers

From the record

Amer Sports, Inc.'s 5 filed years say what it did: revenue went from $3.1 billion in fiscal 2021 to $6.6 billion in fiscal 2025, up 21% a year; it rose in 4 of 4 years; it never fell from a peak; net income was positive in 2 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span21.0%top 8% of its family
  • the share of years revenue rosetop 11% of its family
  • the share of filed years with a profitbottom 18% of its family
  • the deepest fall from a revenue peak0.0%top 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
0.8/10

How has it treated the people who own it?

Share count grew 13.6% a year. 0% of cash flow returned. Insiders: 14 sales, 0 purchases.

weight 22% of this tense · 8th percentile among 17 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Amer Sports, Inc.'s diluted share count grew about 13.6% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 14 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 8% of its family
  • cash returned against operating cash flowbottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.5/10

Is it financially healthy right now?

ROE 8%: 8¢ of profit per shareholder dollar. Leverage 42%: owes 42¢ per asset dollar.

weight 45% of this tense · 35th percentile among 19 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Amer Sports, Inc. earned about 8 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 38 cents per dollar of everything the company owns. Leverage: it owed about 42 cents per dollar of assets, and net share issuance: its share count grew 12.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 39% of its family
  • return on equitybottom 47% of its family
  • gross profit against assetsbottom 29% of its family
  • the share count against the year beforebottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.8/10

How strong is its position in its industry?

top 12% of 19 in its family; net margin 6.7%.

weight 33% of this tense · 88th percentile among 19 sector filers · read for its customers

From the record

Amer Sports, Inc.'s standing among 19 graded names in its industry family: revenue of $6.6 billion in fiscal 2025 ranks in the top 11% by size; a net margin of 6.7% ranks in the top 24%; revenue growth of 22.5% a year over the last 3 filed years ranks in the top 3% (its annual reports).

What it rests on

  • revenue against the family$6.57Btop 11% of its family
  • net margin6.7%top 24% of its family
  • three-year revenue growth22.5%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.4/10

What are the people in charge doing?

SI estimate 4.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 10 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 10 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 10 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Amer Sports, Inc.'s leadership is put at 4.4 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 10 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.9/10

How much room does it have to grow?

top 41% of 19 in its family for room to expand.

weight 45% of this tense · 59th percentile among 19 sector filers · read for itself

From the record

Amer Sports, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $652 million against debt of $935 million leaves -2.8% of its assets as net cash, bottom 39% of its family; cash from operations less capital spending is 7.8% of revenue (top 39%); a gross margin of 57.6% (top 24%) (its annual report).

What it rests on

  • cash less debt against assets-2.8%bottom 39% of its family
  • cash from operations less capital spending against revenue7.8%top 39% of its family
  • gross margin57.6%top 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
9.0/10

What could actually drive growth from here?

top 10% of 19 in its family for growth drivers.

weight 33% of this tense · 90th percentile among 19 sector filers · read for its customers

From the record

Amer Sports, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 22.5% a year over the last three filed years against 21% over all 5, speeding up (top 8% of its family); the newest year grew 26.7% (top 3%); capital spending grew 40.7% a year (top 21%) (its annual reports). Amer Sports, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+1.5 points a yeartop 8% of its family
  • the newest year's revenue growth26.7%top 3% of its family
  • three-year growth of capital spending40.7%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.5/10

Did its newest year beat what its own record pointed to?

top 15% of 17 in its family for expectations against reality.

weight 22% of this tense · 85th percentile among 17 sector filers · read for its shareholders

From the record

Amer Sports, Inc.'s newest year against its own record: revenue of $6.6 billion in fiscal 2025 came in 5.2% above the $6.2 billion its prior three years' pace pointed to (top 32% of its family); net income of $440 million against a prior three-year average of $128 million (top 9%); a net margin of 6.7% against -3.4% before (top 3%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace5.2%top 32% of its family
  • net income against the prior three years' average+445%top 9% of its family
  • net margin against its prior average+10.1 pointstop 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton AS · research, not advice