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Side-by-side financial comparison of Amer Sports, Inc. (AS) and Diversified Energy Co (DEC). Click either name above to swap in a different company.

Amer Sports, Inc. is the larger business by last-quarter revenue ($1.1B vs $666.5M, roughly 1.6× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs 1.8%, a 27.5% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $92.2M).

Amer Sports, Inc. is a Finnish multinational sporting equipment division based in Helsinki, Finland. Established in 1950 as an industrial conglomerate with interests as diverse as tobacco trading, ship owning and publishing, Amer has gradually evolved into a multinational firm devoted to the production and marketing of sporting goods. The company employs over 9,700 people. Since 2018, Amer has been a subsidiary of Chinese retail conglomerate Anta Sports.

DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.

AS vs DEC — Head-to-Head

Bigger by revenue
AS
AS
1.6× larger
AS
$1.1B
$666.5M
DEC
Higher net margin
DEC
DEC
27.5% more per $
DEC
29.3%
1.8%
AS
More free cash flow
DEC
DEC
$187.8M more FCF
DEC
$280.0M
$92.2M
AS

Income Statement — Q1 FY2024 vs Q4 FY2025

Metric
AS
AS
DEC
DEC
Revenue
$1.1B
$666.5M
Net Profit
$19.0M
$195.5M
Gross Margin
52.8%
Operating Margin
12.4%
37.6%
Net Margin
1.8%
29.3%
Revenue YoY
Net Profit YoY
EPS (diluted)
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AS
AS
DEC
DEC
Q4 25
$666.5M
Q3 25
$499.8M
Q2 25
$600.3M
Q1 24
$1.1B
Q4 23
$1.3B
Net Profit
AS
AS
DEC
DEC
Q4 25
$195.5M
Q3 25
$171.1M
Q2 25
$297.7M
Q1 24
$19.0M
Q4 23
$-95.0M
Gross Margin
AS
AS
DEC
DEC
Q4 25
Q3 25
Q2 25
44.7%
Q1 24
52.8%
Q4 23
51.9%
Operating Margin
AS
AS
DEC
DEC
Q4 25
37.6%
Q3 25
36.2%
Q2 25
48.5%
Q1 24
12.4%
Q4 23
Net Margin
AS
AS
DEC
DEC
Q4 25
29.3%
Q3 25
34.2%
Q2 25
49.6%
Q1 24
1.8%
Q4 23
-7.2%
EPS (diluted)
AS
AS
DEC
DEC
Q4 25
Q3 25
$2.14
Q2 25
$3.67
Q1 24
$0.05
Q4 23
$-0.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AS
AS
DEC
DEC
Cash + ST InvestmentsLiquidity on hand
$29.7M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$984.1M
Total Assets
$6.2B
Debt / EquityLower = less leverage
2.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AS
AS
DEC
DEC
Q4 25
$29.7M
Q3 25
Q2 25
$23.7M
Q1 24
Q4 23
$483.4M
Total Debt
AS
AS
DEC
DEC
Q4 25
$2.7B
Q3 25
Q2 25
Q1 24
Q4 23
$6.3B
Stockholders' Equity
AS
AS
DEC
DEC
Q4 25
$984.1M
Q3 25
Q2 25
$727.7M
Q1 24
Q4 23
$-156.8M
Total Assets
AS
AS
DEC
DEC
Q4 25
$6.2B
Q3 25
Q2 25
$5.7B
Q1 24
Q4 23
$8.4B
Debt / Equity
AS
AS
DEC
DEC
Q4 25
2.76×
Q3 25
Q2 25
Q1 24
Q4 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AS
AS
DEC
DEC
Operating Cash FlowLast quarter
$114.3M
$464.6M
Free Cash FlowOCF − Capex
$92.2M
$280.0M
FCF MarginFCF / Revenue
8.8%
42.0%
Capex IntensityCapex / Revenue
2.1%
27.7%
Cash ConversionOCF / Net Profit
6.02×
2.38×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AS
AS
DEC
DEC
Q4 25
$464.6M
Q3 25
Q2 25
$264.1M
Q1 24
$114.3M
Q4 23
$199.0M
Free Cash Flow
AS
AS
DEC
DEC
Q4 25
$280.0M
Q3 25
Q2 25
Q1 24
$92.2M
Q4 23
$75.4M
FCF Margin
AS
AS
DEC
DEC
Q4 25
42.0%
Q3 25
Q2 25
Q1 24
8.8%
Q4 23
5.7%
Capex Intensity
AS
AS
DEC
DEC
Q4 25
27.7%
Q3 25
Q2 25
Q1 24
2.1%
Q4 23
9.4%
Cash Conversion
AS
AS
DEC
DEC
Q4 25
2.38×
Q3 25
Q2 25
0.89×
Q1 24
6.02×
Q4 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AS
AS

Americas2$409.6M39%
EMEA1$356.9M34%
Greater China3$205.6M20%
Asia Pacific4$78.2M7%

DEC
DEC

Segment breakdown not available.

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