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Side-by-side financial comparison of Amer Sports, Inc. (AS) and OLD NATIONAL BANCORP (ONB). Click either name above to swap in a different company.

Amer Sports, Inc. is the larger business by last-quarter revenue ($1.1B vs $702.8M, roughly 1.5× OLD NATIONAL BANCORP). OLD NATIONAL BANCORP runs the higher net margin — 33.3% vs 1.8%, a 31.4% gap on every dollar of revenue.

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.

Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. Old National Bank has locations in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee, and Wisconsin.

AS vs ONB — Head-to-Head

Bigger by revenue
AS
AS
1.5× larger
AS
$1.1B
$702.8M
ONB
Higher net margin
ONB
ONB
31.4% more per $
ONB
33.3%
1.8%
AS

Income Statement — Q1 FY2024 vs Q1 FY2026

Metric
AS
AS
ONB
ONB
Revenue
$1.1B
$702.8M
Net Profit
$19.0M
$233.7M
Gross Margin
52.8%
Operating Margin
12.4%
Net Margin
1.8%
33.3%
Revenue YoY
44.4%
Net Profit YoY
61.5%
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
ONB
ONB
Q1 26
$702.8M
Q4 25
$580.8M
Q3 25
$574.6M
Q2 25
$514.8M
Q1 25
$387.6M
Q4 24
$394.2M
Q3 24
$391.7M
Q2 24
$388.4M
Net Profit
AS
AS
ONB
ONB
Q1 26
$233.7M
Q4 25
$216.6M
Q3 25
$182.6M
Q2 25
$125.4M
Q1 25
$144.7M
Q4 24
$153.9M
Q3 24
$143.8M
Q2 24
$121.2M
Operating Margin
AS
AS
ONB
ONB
Q1 26
Q4 25
46.7%
Q3 25
40.5%
Q2 25
30.2%
Q1 25
46.8%
Q4 24
47.2%
Q3 24
47.2%
Q2 24
40.3%
Net Margin
AS
AS
ONB
ONB
Q1 26
33.3%
Q4 25
37.3%
Q3 25
31.8%
Q2 25
24.4%
Q1 25
37.3%
Q4 24
39.0%
Q3 24
36.7%
Q2 24
31.2%
EPS (diluted)
AS
AS
ONB
ONB
Q1 26
Q4 25
$0.55
Q3 25
$0.46
Q2 25
$0.34
Q1 25
$0.44
Q4 24
$0.47
Q3 24
$0.44
Q2 24
$0.37

Balance Sheet & Financial Strength

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

Metric
AS
AS
ONB
ONB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$8.5B
Total Assets
$73.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AS
AS
ONB
ONB
Q1 26
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.8B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Stockholders' Equity
AS
AS
ONB
ONB
Q1 26
$8.5B
Q4 25
$8.5B
Q3 25
$8.3B
Q2 25
$8.1B
Q1 25
$6.5B
Q4 24
$6.3B
Q3 24
$6.4B
Q2 24
$6.1B
Total Assets
AS
AS
ONB
ONB
Q1 26
$73.0B
Q4 25
$72.2B
Q3 25
$71.2B
Q2 25
$71.0B
Q1 25
$53.9B
Q4 24
$53.6B
Q3 24
$53.6B
Q2 24
$53.1B

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
ONB
ONB
Operating Cash FlowLast quarter
$114.3M
Free Cash FlowOCF − Capex
$92.2M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
6.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AS
AS
ONB
ONB
Q1 26
Q4 25
$159.2M
Q3 25
$341.2M
Q2 25
$72.9M
Q1 25
$108.2M
Q4 24
$235.8M
Q3 24
$121.3M
Q2 24
$161.0M
Free Cash Flow
AS
AS
ONB
ONB
Q1 26
Q4 25
$137.3M
Q3 25
$333.6M
Q2 25
$64.1M
Q1 25
$102.4M
Q4 24
$229.0M
Q3 24
$115.7M
Q2 24
$151.6M
FCF Margin
AS
AS
ONB
ONB
Q1 26
Q4 25
23.6%
Q3 25
58.1%
Q2 25
12.4%
Q1 25
26.4%
Q4 24
58.1%
Q3 24
29.5%
Q2 24
39.0%
Capex Intensity
AS
AS
ONB
ONB
Q1 26
Q4 25
3.8%
Q3 25
1.3%
Q2 25
1.7%
Q1 25
1.5%
Q4 24
1.7%
Q3 24
1.4%
Q2 24
2.4%
Cash Conversion
AS
AS
ONB
ONB
Q1 26
Q4 25
0.73×
Q3 25
1.87×
Q2 25
0.58×
Q1 25
0.75×
Q4 24
1.53×
Q3 24
0.84×
Q2 24
1.33×

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%

ONB
ONB

Segment breakdown not available.

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