adidas AG

adidas AG

157.85
EUR
-4.50
(-2.77%)
8.19EPS
23.14P/E
31.57BMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
67.89
69.62
83.93
92.33
104.84
108.62
119.63
94.46
109.36
122.83
120.01
132.64
138.95
147.18
Basic EPS, GAAP
3.76
2.35
3.15
5.08
5.42
8.44
10
2.21
10.9
3.34
-0.42
4.28
7.5
7.79
Free Cash Flow per Basic Share
0.76
0.73
2.86
3.53
4.43
9.81
10.68
5.4
13
-6.41
11.46
13.27
1.53
10.37
Dividend per Share
1.35
1.5
1.5
1.6
2
2.62
3.36
- -
3.01
3.33
0.7
0.7
2
- -
Book Value per Share
26.24
27.52
28.3
32.12
29.59
32.02
34.68
33.09
39.14
27.95
25.65
30.67
32.33
34.02
Tangible Book Value per Share
12.13
13.2
11.34
15.12
18.13
19.56
20.77
21.76
30.91
18.49
16.24
21.14
23.12
24.56
Basic Weighted Avg Shares
209
209
202
200
202
202
198
195
194
183
179
179
179
177
Sales/Revenue/Turnover
14,203
14,534
16,915
18,483
21,218
21,915
23,640
18,435
21,234
22,511
21,427
23,683
24,811
26,041
Operating Margin (%)
8.64
6.57
6.43
8.31
9.92
10.94
11.31
4.63
9.37
3.24
1.3
5.45
8.31
8.37
Depreciation Expense
340
405
393
376
484
490
1,214
1,261
1,149
1,375
1,096
1,171
1,121
1,129
Net Income, GAAP
787
490
634
1,017
1,097
1,702
1,976
432
2,116
612
-75
764
1,340
1,379
Effective Tax Rate (%)
30.55
32.46
33.97
29.56
33.02
28.13
25.02
20.24
19.44
34.54
190.77
26.49
24.34
24.71
Profit Margin (%)
5.54
3.37
3.75
5.5
5.17
7.77
8.36
2.34
9.97
2.72
-0.35
3.23
5.4
5.3
Working Capital
2,125
2,969
2,133
2,121
2,354
2,979
2,180
3,327
4,979
2,475
1,766
2,311
2,883
3,607
LT Debt
662
1,591
1,470
986
986
1,690
3,994
4,641
4,729
5,289
4,469
4,410
4,307
4,800
Total Equity
5,481
5,617
5,648
6,455
6,017
6,364
7,057
6,691
7,837
5,351
4,925
5,868
6,125
6,351
Return on Invested Capital (%)
11.63
8.07
8.98
13.72
17.3
21.3
19.05
4.64
11.93
3.39
-2.12
8.64
12.86
13.57
Return on Capital (%)
12.25
7.34
8.95
13.67
14.92
22.65
20.98
5.01
16.8
5.41
-2.52
7.82
12.69
13.26
Return on Common Equity (%)
14.58
8.82
11.23
16.76
17.55
27.43
30
6.52
30.29
9.78
-1.57
15.19
23.82
24.73

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,249
1,614
1,178
LT Borrowings
1,997
1,992
2,489
LT Finance Leases
2,310
2,346
2,311
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
179
175
175
Market Capitalization
29,676
23,782
31,573

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,977
12,280
12,826
Cash, Cash Equivalents & STI
1,520
1,494
1,814
Accounts Receivable, Net
2,635
3,492
3,567
Inventories
5,832
5,788
5,969
Total Current Liabilities
9,094
9,088
9,219
Payables & Accruals
- -
- -
- -
ST Debt
1,249
1,614
1,178
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.99%
0.2%
4.38%
Free Cash Flow
-22.71%
-70.76%
-88.44%
Net Income, GAAP
-77.54%
-167.36%
75.39%
Sales/Revenue/Turnover
4.49%
6.33%
4.76%
Total Cash Common Dividend
- -
- -
185.6%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,458
5,822
6,438
5,965
23,683
2025
6,153
5,952
6,630
6,076
24,811
2026
6,592
6,743
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.95
1.06
2.48
-0.22
4.28
2025
2.4
2.07
2.58
0.46
7.5
2026
2.72
2.02
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.7
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
- -

Company Description

CEO
Bjørn Gulden
Full Time Employees
64,938
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
Adi-Dassler-Strasse 1 Herzogenaurach BV Germany 91074
IPO Date
Nov 28, 1997
Business
adidas AG, a leading multinational corporation in the sporting goods industry (ticker: ADS.DE), designs, manufactures, and markets athletic footwear, apparel, and accessories worldwide; its core offerings under the adidas brand span Performance products for sports including football (Predator, F50), running (Adizero, Ultraboost, Supernova), training (Dropset), basketball (AE1), tennis (Barricade), outdoor (Terrex), and padel (Crazyquick), alongside Lifestyle lines such as adidas Originals (Samba, Gazelle, Handball Spezial, Campus, Stan Smith, Superstar, SL 72), Sportswear for everyday versatility, and franchises like Firebird apparel, Z.N.E. collection, Tiro pants, and MyShelter jackets; technology platforms such as Boost, Lightstrike, Clima, and innovations like Dreamstrike+ and Swirlfoam enhance product performance, with footwear comprising 59% of net sales, apparel 35%, and gear 6%. Founded in 1949 by Adolf "Adi" Dassler—building on roots from 1920—and headquartered in Herzogenaurach, Germany, the company operates globally with key creation centers in Portland, Los Angeles, Shanghai, Tokyo, and Amsterdam, serving consumers through wholesale, direct-to-consumer channels, and major markets in Europe, North America, Greater China, and Asia-Pacific; manufacturing partners are primarily in Asia (78%). Recent developments include record third-quarter 2025 net sales of €6.6 billion with 12% adidas brand growth currency-neutral, driven by strong performance across categories, channels, and regions; upgraded full-year 2025 outlook; strategic partnerships and collaborations such as with CLOT and BAPE on Superstar, Moon Boot, Arte Antwerp Lightblaze POD, Wales Bonner Spring/Summer 2025, Sporty & Rich, 100 Thieves featuring Noah Lyles, Brain Dead tennis-inspired collection, BAPE SUPERSTAR pack, SPZL Spring/Summer 2025, Minecraft multi-year, Fortnite Ultraboost, and Club América multi-year agreement; new product launches like Adizero Adios Pro 4, Adizero Evo SL, Ultraboost 5, Duramo SL, F50 relaunch, Optime leggings, Terrex Xperior, and third jerseys for clubs including Bayern Munich and Real Madrid; and ongoing brand campaigns like "You Got This" with athletes such as Lionel Messi, Jude Bellingham, and Anthony Edwards.

Company News

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