Amer Sports (AS) Margins & Profitability 2023-2025

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 57.6%
EBITDA Margin: 17.2%
Op. Margin: 9.6%
Net Margin: 5.9%

Op. margin of 9.6% is up 10.4% YoY — cost efficiency is improving. Net margin at 5.9% and gross margin of 57.6% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit