Amer Sports, Inc.

ASNYSEConsumer Cyclical● Active

$33.78

$-0.33(-0.95%)

Market Cap$19.5B

P/E Ratio—

52W High$42.76

52W Low$28.92

Avg Volume4.5M

Open$34.47

Beta2.04

Free Cash Flow Financials Revenue

Amer Sports, Inc. (AS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AS · free cash flow · updated Jun 8, 2026

Core FCF metrics

AS · FCF · TTM · margin & CAGR

Free cash flow was $503.7M for FY2025 (fiscal year ending 2025-12-31), up 175.2% year-over-year The FCF margin was 7.7%. Five-year CAGR stands at +19.6%.

FY2025 Free Cash Flow$503.7M▲ +175.2% YoY

Trailing 12M (TTM)$476.5Mtrailing 4 quarters sum

FCF Margin7.7%$503.7M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+19.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$729.2M(226M)$503.7M▲ +175.2%7.7%

FY2024$424.7M(242M)$183.0M▲ +205.5%3.5%

FY2023$199.0M(139M)$59.9M▲ +133.4%1.4%

FY2022−$91.7M(88M)−$179.3M▼ 188.7%-5.0%

FY2021$268.0M(66M)$202.1M▼ 1.8%6.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AS · P/FCF · FCF yield · FCF per share

Amer Sports, Inc. (AS) trades at a FCF yield of 2.43% and a price-to-free-cash-flow ratio of 39.3x. FCF per share stands at $0.86, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.43%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.86

TTM FCF ÷ Shares Outstanding

Price / FCF

x39.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x41.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AS · cash flow statement · operating / investing / financing

For FY2025, Amer Sports, Inc. generated $729.2M in operating cash flow and spent 226M in capital expenditures, yielding $503.7M in free cash flow.

Operating Activities

+$729.2M

Cash from core business operations

2025-12-31

Investing Activities

−$338.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$123.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($729.2M) − |CapEx| (226M) = FCF ($503.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

AS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Amer Sports, Inc.YOU

$503.7M+175.2%7.7%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Amer Sports, Inc. (AS) reported free cash flow of $503.7M for FY2025 (fiscal year ending 2025-12-31), up 175.2% year-over-year. The FCF margin was 7.7%.

Based on available data, Amer Sports, Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $503.7M in FY2025. The 5-year CAGR stands at +19.6%.

Amer Sports, Inc.'s FCF yield is 2.43% and price-to-FCF ratio is 39.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AS free cash flow · 8 questions

Amer Sports, Inc. free cash flow was $503.7M for FY2025, up 175.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $476.5M.

AS free cash flowAS FCFAS FCF 2025AS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Amer Sports, Inc. · Amer Sports, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026