How Much Is Under Armour Worth?
Under Armour, the renowned sports apparel giant, is a significant player in the market with a strong standing. To determine the worth of a company, market capitalization (market cap) plays a crucial role. As of January 2024, Under Armour’s market cap stands at $3.49 billion, making it the world’s 3152nd most valuable company by market cap.
Market cap represents the total market value of a publicly traded company’s outstanding shares and serves as a measure of its worth. Over the years, Under Armour’s market cap has experienced fluctuations, reaching a peak of $11.87 billion in 2016 and a low of $3.49 billion in 2024. However, when compared to its competitors, such as Nike, Phillips-Van Heusen, Columbia Sportswear, Skechers, and Guess, Under Armour’s market cap is notably lower.
Market Cap History of Under Armour
The market cap of Under Armour has shown significant fluctuation over the years. In 2016, it reached its highest market cap of $11.87 billion. However, in 2024, it has decreased to $3.49 billion. The market cap history indicates that there have been both ups and downs in the valuation of Under Armour, with significant decreases in 2022 and 2023. It is important to note that market cap is influenced by various factors, including financial performance, market conditions, and investor sentiment.
End of Day Market Cap of Under Armour
On January 7th, 2024, Under Armour’s end of day market cap was reported by various sources. According to Nasdaq, the market cap stood at $3.31 billion. Yahoo Finance reported a slightly higher figure of $3.39 billion, while Iex Cloud recorded it as $3.11 billion.
These daily market cap figures highlight the fluctuation in Under Armour’s valuation and the importance of accessing data from multiple sources for accurate market cap information.
Under Armour’s Position in the Sports Apparel Industry
Under Armour operates in the highly competitive sports apparel industry, where it faces strong competition from brands like Nike. Despite having a market cap lower than Nike’s, Under Armour has managed to establish a significant presence in the industry. With a revenue of $5.86 billion in fiscal year 2021, Under Armour offers a diverse range of products including footwear, sportswear, clothing, and toiletries.
In a market dominated by established players, Under Armour has successfully carved out its own space and continues to be a recognized and respected brand in the sports apparel market. While Nike may hold a larger market share, Under Armour’s commitment to innovation, performance, and quality has allowed it to attract a loyal customer base and gain traction in the industry.
With a focus on meeting the needs of athletes and fitness enthusiasts, Under Armour constantly strives to offer cutting-edge products that enhance performance and provide superior comfort. By investing in research and development, brand partnerships, and marketing efforts, Under Armour seeks to stay ahead of the competition and expand its market presence. While the sports apparel industry remains fiercely competitive, Under Armour’s determination and dedication have positioned it as a formidable player in the market.
