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Levi Strauss vs Under Armour: LEVI and UAA compared
Levi Strauss is the larger company: $1.6B of revenue in its latest quarter (Q3 FY26) against $1.2B for Under Armour (Q2 FY27). Levi Strauss is growing faster (+4% against -7% a year earlier). Levi Strauss is more profitable, with an operating margin of 13.8% against 1.2%.
Where the money goes: LEVI and UAA
Levi Strauss (LEVI) · Q3 FY26
Levi Strauss, Q3 FY26: revenue $1.6B (+4% year over year), operating margin 13.8%, net earnings $169M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
Under Armour (UAA) · Q2 FY27
Under Armour, Q2 FY27: revenue $1.2B (-7% year over year), operating margin 1.2%, net loss $425K, operating cash flow −$89.1M. The chart follows the revenue to costs, profit and cash.
| Levi Strauss (LEVI) | Under Armour (UAA) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 FY27 |
| Revenue | $1.6B | $1.2B |
| Revenue growth, Y/Y | +4% | -7% |
| Gross margin | 66.2% | — |
| Operating margin | 13.8% | 1.2% |
| Net earnings | $169M | −$425K |
| Net margin | 10.5% | 0.0% |
| Operating cash flow | $103M | −$89.1M |
| Free cash flow | $44.3M | — |
| Market value | $8.9B | $2.3B |
| P/E | 15.3× | — |
| Analysts’ mean target | $26.79 | $6.32 |
Where the revenue comes from
Levi Strauss
- Americas: $839M (52%)
- Europe: $442M (27%)
- Asia: $293M (18%)
- Beyond Yoga®: $36.0M (2%)
Questions
Which is bigger, Levi Strauss or Under Armour?
Levi Strauss is the larger company: $1.6B of revenue in its latest quarter (Q3 FY26) against $1.2B for Under Armour (Q2 FY27).
Is Levi Strauss or Under Armour growing faster?
Levi Strauss is growing faster (+4% against -7% a year earlier).
Which is more profitable, Levi Strauss or Under Armour?
Levi Strauss is more profitable, with an operating margin of 13.8% against 1.2%.
More: Levi Strauss earnings · how Levi Strauss makes money · Under Armour earnings · how Under Armour makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 7, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.