LEVI STRAUSS & CO. vs UNDER ARMOUR, INC., two Apparel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Levi Strauss sells denim at a healthy profit, a 9.52% net margin and 28.05% return on equity, and trades at 15.74 times earnings with a 2.2% dividend. Under Armour, an athletic brand mid-turnaround, is loss-making, no earnings multiple and a return on equity near -35%. Levi yields 4.9% in free cash flow; Under Armour burns cash at -6.31%. Both carry debt, Levi at 0.48 and Under Armour a heavier 1.27. At 4.39 times book Levi is priced for its proven returns; at 1.82 times Under Armour is priced for a comeback. A cash-paying denim maker against an athletic name still in repair.
Comparison updated 2026-07-11.
| Metric | LEVI | UA |
|---|---|---|
| Price | $24.32 | $6.62 |
| Market cap | $9.5B | $2.8B |
| Sector | Apparel | Apparel |
| Stage | Mature | Mature |
| Implied growth (priced in) | +19.1% | — |
| P/E | 15.1 | — |
| P/B | 4.17 | 1.99 |
| P/S | 1.43 | 0.57 |
| EV/EBITDA | 12.8 | 46.4 |
| Revenue growth | +7.5% | -3.7% |
| Gross margin | 62.7% | 42.0% |
| Operating margin | 7.8% | -2.9% |
| Net margin | 9.7% | -10.0% |
| Return on equity | 28.1% | -35.0% |
| Return on assets | 9.6% | -11.2% |
| Return on invested capital | 16.4% | -0.4% |
| FCF yield | 5.9% | -5.8% |
| Dividend yield | 2.2% | — |
| Debt / equity | 0.46 | 1.27 |
| Current ratio | 1.60 | 1.62 |
| Altman Z (solvency) | 2.97 | 2.01 |
| Piotroski F (quality) | 7 / 9 | 1 / 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.