UA vs. NKE

Last updated Apr 2, 2026

Compare and contrast key facts about Under Armour, Inc. (UA) and NIKE, Inc. (NKE).

Performance

UA vs. NKE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Under Armour, Inc. (UA) and NIKE, Inc. (NKE). The values are adjusted to include any dividend payments, if applicable.

UA vs. NKE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UA Under Armour, Inc.	16.67%	-35.66%	-10.66%	-6.39%	-50.55%	21.24%	-22.42%	18.61%	21.40%	-47.08%
NKE NIKE, Inc.	-29.48%	-13.83%	-29.11%	-6.01%	-29.04%	18.70%	40.97%	38.09%	19.87%	24.70%

Fundamentals

Market Cap UA : $2.38B NKE : $66.07B
EPS UA : -$1.21 NKE : $1.52
PS Ratio UA : 0.48 NKE : 1.42
PB Ratio UA : 1.66 NKE : 4.69
Total Revenue (TTM) UA : $4.98B NKE : $46.52B
Gross Profit (TTM) UA : $2.32B NKE : $18.99B
EBITDA (TTM) UA : -$45.77M NKE : $3.33B

Returns By Period

In the year-to-date period, UA achieves a 16.67% return, which is significantly higher than NKE's -29.48% return.

UA

• 1D: -3.28%
• 1M: -20.79%
• YTD: 16.67%
• 6M: 14.75%
• 1Y: -8.20%
• 3Y*: -13.09%
• 5Y*: -21.06%
• 10Y*: —

NKE

• 1D: -15.51%
• 1M: -26.85%
• YTD: -29.48%
• 6M: -39.07%
• 1Y: -29.35%
• 3Y*: -27.24%
• 5Y*: -18.33%
• 10Y*: -1.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

UA vs. NKE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UA

UA Risk / Return Rank: 35
UA Sharpe Ratio Rank: 33
UA Sortino Ratio Rank: 33
UA Omega Ratio Rank: 33
UA Calmar Ratio Rank: 36
UA Martin Ratio Rank: 37

NKE

NKE Risk / Return Rank: 12
NKE Sharpe Ratio Rank: 12
NKE Sortino Ratio Rank: 14
NKE Omega Ratio Rank: 13
NKE Calmar Ratio Rank: 18
NKE Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UA vs. NKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Under Armour, Inc. (UA) and NIKE, Inc. (NKE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	UA	NKE	Difference
Sharpe ratio Return per unit of total volatility	-0.15	-0.67	+0.52
Sortino ratio Return per unit of downside risk	0.18	-0.78	+0.96
Omega ratio Gain probability vs. loss probability	1.02	0.89	+0.13
Calmar ratio Return relative to maximum drawdown	-0.14	-0.65	+0.52
Martin ratio Return relative to average drawdown	-0.25	-1.78	+1.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UA vs. NKE - Sharpe Ratio Comparison

The current UA Sharpe Ratio is -0.15, which is higher than the NKE Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of UA and NKE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UA	NKE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	-0.67	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.43	-0.52	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.36	0.41	-0.78

Correlation

The correlation between UA and NKE is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

UA vs. NKE - Dividend Comparison

UA has not paid dividends to shareholders, while NKE's dividend yield for the trailing twelve months is around 3.63%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UA Under Armour, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NKE NIKE, Inc.	3.63%	2.53%	2.00%	1.28%	1.07%	0.68%	0.71%	0.89%	1.11%	1.18%	1.30%	0.93%

Drawdowns

UA vs. NKE - Drawdown Comparison

The maximum UA drawdown since its inception was -91.34%, which is greater than NKE's maximum drawdown of -75.19%. Use the drawdown chart below to compare losses from any high point for UA and NKE.

Drawdown Indicators

	UA	NKE	Difference
Max Drawdown Largest peak-to-trough decline	-91.34%	-75.19%	-16.15%
Max Drawdown (1Y) Largest decline over 1 year	-42.86%	-42.65%	-0.21%
Max Drawdown (5Y) Largest decline over 5 years	-82.50%	-72.98%	-9.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-72.98%	—
Current Drawdown Current decline from peak	-87.75%	-72.98%	-14.77%
Average Drawdown Average peak-to-trough decline	-68.85%	-20.70%	-48.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.74%	15.69%	+8.05%

Volatility

UA vs. NKE - Volatility Comparison

The current volatility for Under Armour, Inc. (UA) is 11.01%, while NIKE, Inc. (NKE) has a volatility of 17.58%. This indicates that UA experiences smaller price fluctuations and is considered to be less risky than NKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UA	NKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.01%	17.58%	-6.57%
Volatility (6M) Calculated over the trailing 6-month period	37.60%	30.01%	+7.59%
Volatility (1Y) Calculated over the trailing 1-year period	55.58%	44.03%	+11.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.54%	35.64%	+13.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.05%	32.11%	+17.94%

Financials

UA vs. NKE - Profitability Comparison

The chart below illustrates the profitability comparison between Under Armour, Inc. and NIKE, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

UA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Under Armour, Inc. reported a gross profit of 589.74M and revenue of 1.33B. Therefore, the gross margin over that period was 44.4%.

NKE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NIKE, Inc. reported a gross profit of 4.53B and revenue of 11.28B. Therefore, the gross margin over that period was 40.2%.

UA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Under Armour, Inc. reported an operating income of -149.78M and revenue of 1.33B, resulting in an operating margin of -11.3%.

NKE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NIKE, Inc. reported an operating income of 553.00M and revenue of 11.28B, resulting in an operating margin of 4.9%.

UA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Under Armour, Inc. reported a net income of -430.83M and revenue of 1.33B, resulting in a net margin of -32.5%.

NKE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NIKE, Inc. reported a net income of 520.00M and revenue of 11.28B, resulting in a net margin of 4.6%.