Amer Sports, Inc. vs LEVI STRAUSS & CO., two Apparel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Levi Strauss sells denim the whole world recognizes, and it does so profitably at a 9.52% net margin and 28.05% return on equity. Amer Sports, the Arc'teryx and Wilson owner, earns less on equity at 7.57% with a thinner track record of cash return. The valuation gap is stark: Amer at 44.36 times earnings and 3.26 times book, Levi at 15.74 times and 4.39 times. Levi pays 2.2% and yields 4.9% in free cash flow against Amer's 2.7%. Levi carries some debt at 0.48; Amer none. The market treats Amer as a growth bet and Levi as a steady dividend payer already delivering.
Comparison updated 2026-07-11.
| Metric | AS | LEVI |
|---|---|---|
| Price | $34.84 | $24.32 |
| Market cap | $19.4B | $9.5B |
| Sector | Apparel | Apparel |
| Stage | Growth | Mature |
| Implied growth (priced in) | — | +19.1% |
| P/E | 45.3 | 15.1 |
| P/B | 3.33 | 4.17 |
| P/S | 2.95 | 1.43 |
| EV/EBITDA | 26.7 | 12.8 |
| Revenue growth | +26.3% | +7.5% |
| Gross margin | 57.7% | 62.7% |
| Operating margin | 10.8% | 7.8% |
| Net margin | 6.7% | 9.7% |
| Return on equity | 7.6% | 28.1% |
| Return on assets | 4.4% | 9.6% |
| Return on invested capital | 7.8% | 16.4% |
| FCF yield | 2.6% | 5.9% |
| Dividend yield | — | 2.2% |
| Debt / equity | 0.00 | 0.46 |
| Current ratio | 1.50 | 1.60 |
| Altman Z (solvency) | 3.60 | 2.97 |
| Piotroski F (quality) | 8 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.