Filing Flows › Columbia Sportswear (COLM) › Q3 2025
Columbia Sportswear (COLM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Columbia Sportswear (COLM) reported revenue of $943M for the third quarter 2025 (Q3 2025), +1% from a year earlier and +56% from the quarter before. Operating margin was 7.1%, net earnings $52.0M (5.5% of revenue).
Columbia Sportswear, Q3 2025: revenue $943M (+1% year over year), operating margin 7.1%, net earnings $52.0M, operating cash flow −$271M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $943M | +56% | +1% |
| Gross profit | $472M | +59% | +0.9% |
| Operating profit | $67.4M | — | -40% |
| Net earnings | $52.0M | — | -42% |
| Operating cash flow | −$271M | — | — |
What changed
Revenue was $943.4M in Q3 2025, up 1% year over year and up 56% from the previous quarter. Apparel, Accessories and Equipment was the largest line at 78% of revenue. Footwear added $12.7M year over year (up 6%), 109% of the total change.
Gross margin was 50.0%, down 0.2 points from a year earlier. Operating profit was $67.4M, a 7.1% margin (down 4.9 points year over year). Operating profit fell $45.2M even though revenue rose $11.7M versus a year earlier, so costs grew faster than sales. Operating expenses grew 14% against revenue growth of 1%. Net earnings were $52.0M, down 42% year over year. The effective tax rate was 26.7%.
Operating cash flow was −$270.6M. Non-cash charges added back $14.2M of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items used $343.0M. Capital expenditures of $16.6M exceeded it, leaving free cash flow of −$287.2M.
Questions
What was Columbia Sportswear's revenue in the third quarter 2025?
Columbia Sportswear (COLM) reported revenue of $943M for the third quarter 2025 (Q3 2025), +1% from a year earlier and +56% from the quarter before.
Was Columbia Sportswear profitable in the third quarter 2025?
Operating profit was $67.4M (7.1% of revenue) and net earnings $52.0M.