Recent News
July 23, 2025 — Columbia Sportswear filed a lawsuit in U.S. District Court (Oregon) against Columbia University alleging trademark infringement and breach of a 2023 licensing agreement; the company seeks injunctions, recalls and treble damages.
July 30, 2025 — The company published its 2024 Impact Report, highlighting progress on sustainability goals (including 80% completion of its Planet Water target), volunteer hours and energy reductions at key facilities.
August 4, 2025 — Columbia launched a global brand platform titled “Engineered for Whatever,” a major creative repositioning intended to roll out across retail, digital and out-of-home channels this fall.
Technical Analysis
ADX / DI+ / DI- — ADX at 11.94 signals no dominant trend; DI+ at 19.18 with a decreasing trend indicates weakening bullish directional pressure, while DI- at 22.82 has peaked and reversed, which signals renewed bullish pressure from the decreasing DI- reading. Together these readings imply a low-strength environment with offsetting directional cues that favors range-bound moves until a clear directional breakout emerges.
MACD — MACD sits at -0.81 and the MACD_trend is decreasing while the MACD signal line reads -0.61; negative and declining momentum indicates bearish momentum at present and no bullish MACD crossover exists to counter that bias. This supports a near-term bias toward consolidation below short-term moving averages.
MRO — MRO at -17.8 with a dip & reversal trend indicates the price sits below WMDST’s model target and the oscillator has begun to reverse upward; that configuration implies upside potential toward the model target even though broader momentum reads bearish.
RSI — RSI at 44.88 with a dip & reversal trend signals the oscillator recovered from lower readings and now supports a modest bullish re-test rather than oversold exhaustion; RSI near mid-range favors mean-reversion moves rather than trend extension.
Price vs Moving Averages / Ichimoku — Last close $52.30 sits below the 20-day average ($53.30), the 50-day ($54.55) and far below the 200-day average ($68.46). The 12-day EMA is decreasing and Tenkan/Kijun lines (Tenkan $53.17; Kijun $54.46) sit above price, creating overhead resistance. This structure favors capped rallies and reinforces that any upside will face layered resistance from short- and long-term averages, which will influence the valuation discount applied by traders.
Fundamental Analysis
Profitability — Operating (EBIT) loss totaled $-23,591,000 and EBITDA was $-9,125,000, producing an operating margin of -3.90%. That EBIT margin sits below the industry peer mean of 1.97% and below the industry peer median of 2.89%, pointing to weaker operating profitability versus peers. QoQ operating margin declined by -165.25% and YoY operating margin fell by -6.61 percentage points, underscoring near-term margin pressure.
Revenue And Earnings — Total revenue for the period measured $605,246,000. Year-over-year revenue declined -14.23% and sequential revenue declined -23.31%, evidencing meaningful top-line contraction this reporting period. Reported EPS came in at $-0.19 versus an estimate of $-0.23, producing a positive EPS surprise of 17.39%. Forward EPS sits at $1.07 with a forward P/E of 61.53x, while trailing P/E is negative (-333.9x) due to the current loss.
Margins And Cash Flow — Gross margin at 49.09% compares modestly below the industry peer mean of 51.41% but remains a structural strength relative to the operating loss. Operating cash flow registers negative at $-30,848,000 and free cash flow equals $-45,319,000, with free cash flow yield of -1.42% despite a strong cash balance of $579,027,000; the cash buffer supports near-term operational flexibility while cash conversion metrics remain extended (cash conversion cycle ~147 days).
Balance Sheet And Leverage — Current ratio sits at 2.49 and quick ratio at 1.27, reflecting ample short-term liquidity. Total debt $481,189,000 yields debt-to-assets of 16.65% and debt-to-equity of 0.29, both consistent with a conservatively levered balance sheet. Interest coverage remains negative (-5.71x), reflecting operating losses relative to interest income, and should improve if operating income returns to positive levels.
Operational Efficiency — Asset turnover at 0.216 is below the industry peer mean of 0.2838, indicating lower revenue generated per dollar of assets. Inventory levels remain elevated (days inventory outstanding ~185), contributing to a long cash conversion cycle and signaling working-capital focus as a near-term priority.
Valuation — WMDST values the stock as under-valued. That assessment reflects a combination of below-peer operating profitability, strong gross margins, a substantial cash position and a forward earnings profile that projects recovery (forward EPS $1.07). The valuation contrasts with a negative trailing P/E and compressed near-term cash generation, implying the market prices in near-term headwinds while WMDST’s valuation model anticipates recovery drivers becoming material.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-31 |
| NEXT REPORT DATE: | 2025-10-30 |
| CASH FLOW | Begin Period Cash Flow | $ 323.3 M |
| Operating Cash Flow | $ -30.85 M | |
| Capital Expenditures | $ -14.47 M | |
| Change In Working Capital | $ -60.26 M | |
| Dividends Paid | $ -16.43 M | |
| Cash Flow Delta | $ 104.5 M | |
| End Period Cash Flow | $ 427.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 605.2 M | |
| Forward Revenue | $ -869.68 M | |
| COSTS | ||
| Cost Of Revenue | $ 308.1 M | |
| Depreciation | $ 14.5 M | |
| Depreciation and Amortization | $ 14.5 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 628.8 M | |
| PROFITABILITY | ||
| Gross Profit | $ 297.1 M | |
| EBITDA | $ -9.12 M | |
| EBIT | $ -23.59 M | |
| Operating Income | $ -23.59 M | |
| Interest Income | $ 4.8 M | |
| Interest Expense | — | |
| Net Interest Income | $ 4.8 M | |
| Income Before Tax | $ -16.59 M | |
| Tax Provision | $ -6.39 M | |
| Tax Rate | 38.538 % | |
| Net Income | $ -10.20 M | |
| Net Income From Continuing Operations | $ -10.20 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.23 | |
| EPS Actual | $ -0.19 | |
| EPS Difference | $ 0.04 | |
| EPS Surprise | 17.391 % | |
| Forward EPS | $ 1.07 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.9 B | |
| Intangible Assets | $ 105.9 M | |
| Net Tangible Assets | $ 1.5 B | |
| Total Current Assets | $ 1.9 B | |
| Cash and Short-Term Investments | $ 579.0 M | |
| Cash | $ 427.8 M | |
| Net Receivables | $ 290.6 M | |
| Inventory | $ 926.9 M | |
| Long-Term Investments | $ 63.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 478.9 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 761.3 M | |
| Net Debt | — | |
| Total Debt | $ 481.2 M | |
| Total Liabilities | $ 1.2 B | |
| EQUITY | ||
| Total Equity | $ 1.7 B | |
| Retained Earnings | $ 1.7 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 30.20 | |
| Shares Outstanding | 54.769 M | |
| Revenue Per-Share | $ 11.05 | |
| VALUATION | Market Capitalization | $ 3.2 B |
| Enterprise Value | $ 3.1 B | |
| Enterprise Multiple | -338.071 | |
| Enterprise Multiple QoQ | -620.659 % | |
| Enterprise Multiple YoY | -19.463 % | |
| Enterprise Multiple IPRWA | high: 180.874 mean: 104.815 median: 73.115 low: -168.164 COLM: -338.071 |
|
| EV/R | 5.097 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.748 | |
| Asset To Liability | 2.338 | |
| Debt To Capital | 0.225 | |
| Debt To Assets | 0.166 | |
| Debt To Assets QoQ | -1.345 % | |
| Debt To Assets YoY | 218.744 % | |
| Debt To Assets IPRWA | high: 0.799 mean: 0.311 median: 0.301 COLM: 0.166 low: 0.042 |
|
| Debt To Equity | 0.291 | |
| Debt To Equity QoQ | 8.88 % | |
| Debt To Equity YoY | 268.012 % | |
| Debt To Equity IPRWA | high: 4.546 mean: 1.171 median: 0.834 COLM: 0.291 low: -3.839 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.924 | |
| Price To Book QoQ | -19.664 % | |
| Price To Book YoY | -24.536 % | |
| Price To Book IPRWA | high: 11.47 mean: 7.078 median: 6.95 COLM: 1.924 low: -4.896 |
|
| Price To Earnings (P/E) | -333.905 | |
| Price To Earnings QoQ | -437.329 % | |
| Price To Earnings YoY | -15.647 % | |
| Price To Earnings IPRWA | high: 202.738 mean: 92.567 median: 91.634 low: -54.149 COLM: -333.905 |
|
| PE/G Ratio | 2.664 | |
| Price To Sales (P/S) | 5.259 | |
| Price To Sales QoQ | -0.052 % | |
| Price To Sales YoY | -35.53 % | |
| Price To Sales IPRWA | high: 21.387 mean: 10.857 median: 8.275 COLM: 5.259 low: 0.394 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 61.526 | |
| Forward PE/G | -0.491 | |
| Forward P/S | -3.66 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 6.774 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.216 | |
| Asset Turnover Ratio QoQ | -21.072 % | |
| Asset Turnover Ratio YoY | 4.717 % | |
| Asset Turnover Ratio IPRWA | high: 0.337 median: 0.298 mean: 0.284 COLM: 0.216 low: 0.027 |
|
| Receivables Turnover | 1.784 | |
| Receivables Turnover Ratio QoQ | -7.7 % | |
| Receivables Turnover Ratio YoY | -7.852 % | |
| Receivables Turnover Ratio IPRWA | high: 7.848 mean: 2.93 median: 2.41 COLM: 1.784 low: 0.673 |
|
| Inventory Turnover | 0.397 | |
| Inventory Turnover Ratio QoQ | -31.704 % | |
| Inventory Turnover Ratio YoY | -4.201 % | |
| Inventory Turnover Ratio IPRWA | high: 0.986 median: 0.759 mean: 0.724 COLM: 0.397 low: 0.101 |
|
| Days Sales Outstanding (DSO) | 51.141 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 146.971 | |
| Cash Conversion Cycle Days QoQ | 42.165 % | |
| Cash Conversion Cycle Days YoY | -12.834 % | |
| Cash Conversion Cycle Days IPRWA | high: 403.333 COLM: 146.971 mean: 98.543 median: 96.277 low: 43.865 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.534 | |
| CapEx To Revenue | -0.024 | |
| CapEx To Depreciation | -1.0 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.7 B | |
| Net Invested Capital | $ 1.7 B | |
| Invested Capital | $ 1.7 B | |
| Net Tangible Assets | $ 1.5 B | |
| Net Working Capital | $ 1.1 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.761 | |
| Current Ratio | 2.488 | |
| Current Ratio QoQ | -20.163 % | |
| Current Ratio YoY | -26.695 % | |
| Current Ratio IPRWA | high: 4.07 COLM: 2.488 median: 2.211 mean: 2.177 low: 0.333 |
|
| Quick Ratio | 1.27 | |
| Quick Ratio QoQ | -36.486 % | |
| Quick Ratio YoY | -32.474 % | |
| Quick Ratio IPRWA | high: 2.562 median: 1.502 mean: 1.418 COLM: 1.27 low: 0.123 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -52.733 | |
| Cost Of Debt | 0.542 % | |
| Interest Coverage Ratio | -5.708 | |
| Interest Coverage Ratio QoQ | -150.725 % | |
| Interest Coverage Ratio YoY | -0.886 % | |
| Interest Coverage Ratio IPRWA | high: 18.477 median: -4.791 COLM: -5.708 mean: -8.065 low: -52.061 |
|
| Operating Cash Flow Ratio | 0.012 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 89.181 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -0.621 | |
| Dividend Payout Ratio | -1.611 | |
| Dividend Rate | $ 0.30 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 6.758 % | |
| Revenue Growth | -22.25 % | |
| Revenue Growth QoQ | -23.305 % | |
| Revenue Growth YoY | -14.228 % | |
| Revenue Growth IPRWA | high: 30.412 % median: -1.526 % mean: -7.208 % COLM: -22.25 % low: -71.971 % |
|
| Earnings Growth | -125.333 % | |
| Earnings Growth QoQ | 114.858 % | |
| Earnings Growth YoY | -2.213 % | |
| Earnings Growth IPRWA | high: 94.444 % mean: -55.31 % median: -74.074 % COLM: -125.333 % low: -142.857 % |
|
| MARGINS | ||
| Gross Margin | 49.089 % | |
| Gross Margin QoQ | -3.516 % | |
| Gross Margin YoY | 2.38 % | |
| Gross Margin IPRWA | high: 100.0 % mean: 51.408 % median: 50.339 % COLM: 49.089 % low: -2.187 % |
|
| EBIT Margin | -3.898 % | |
| EBIT Margin QoQ | -165.249 % | |
| EBIT Margin YoY | -6.612 % | |
| EBIT Margin IPRWA | high: 21.731 % median: 2.893 % mean: 1.97 % COLM: -3.898 % low: -143.878 % |
|
| Return On Sales (ROS) | -3.898 % | |
| Return On Sales QoQ | -165.249 % | |
| Return On Sales YoY | -6.612 % | |
| Return On Sales IPRWA | high: 22.613 % mean: 7.615 % median: 2.893 % COLM: -3.898 % low: -147.692 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -45.32 M | |
| Free Cash Flow Yield | -1.424 % | |
| Free Cash Flow Yield QoQ | 22.547 % | |
| Free Cash Flow Yield YoY | 508.547 % | |
| Free Cash Flow Yield IPRWA | high: 16.383 % median: 0.395 % mean: 0.2 % COLM: -1.424 % low: -30.733 % |
|
| Free Cash Growth | -4.798 % | |
| Free Cash Growth QoQ | -95.584 % | |
| Free Cash Growth YoY | -95.709 % | |
| Free Cash Growth IPRWA | high: 419.946 % COLM: -4.798 % median: -78.784 % mean: -89.311 % low: -545.936 % |
|
| Free Cash To Net Income | 4.445 | |
| Cash Flow Margin | 1.448 % | |
| Cash Flow To Earnings | -0.859 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -0.364 % | |
| Return On Assets QoQ | -124.479 % | |
| Return On Assets YoY | -14.353 % | |
| Return On Assets IPRWA | high: 4.185 % median: 0.567 % mean: 0.474 % COLM: -0.364 % low: -21.191 % |
|
| Return On Capital Employed (ROCE) | -1.108 % | |
| Return On Equity (ROE) | -0.006 | |
| Return On Equity QoQ | -124.929 % | |
| Return On Equity YoY | -4.348 % | |
| Return On Equity IPRWA | high: 0.148 mean: 0.024 median: 0.016 COLM: -0.006 low: -0.298 |
|
| DuPont ROE | -0.606 % | |
| Return On Invested Capital (ROIC) | -0.877 % | |
| Return On Invested Capital QoQ | -141.882 % | |
| Return On Invested Capital YoY | -126.64 % | |
| Return On Invested Capital IPRWA | high: 8.925 % median: 1.006 % mean: 0.55 % COLM: -0.877 % low: -15.503 % |
|