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Side-by-side financial comparison of SEALED AIR CORP (SEE) and Under Armour, Inc. (UAA). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.0× Under Armour, Inc.). SEALED AIR CORP runs the higher net margin — 3.1% vs -32.4%, a 35.6% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs -5.2%). Under Armour, Inc. produced more free cash flow last quarter ($261.9M vs $257.7M). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% CAGR vs -0.2%).
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
Under Armour, Inc. is an American sportswear company that manufactures footwear and apparel headquartered in Baltimore, Maryland, United States.
SEE vs UAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.3B |
| Net Profit | $43.8M | $-430.8M |
| Gross Margin | 28.6% | 44.4% |
| Operating Margin | 11.4% | -11.3% |
| Net Margin | 3.1% | -32.4% |
| Revenue YoY | 2.6% | -5.2% |
| Net Profit YoY | 700.0% | -35013.0% |
| EPS (diluted) | $0.30 | $-1.01 |
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.
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.3B |
| Q4 25 | $43.8M | $-430.8M | ||
| Q3 25 | $255.1M | $-18.8M | ||
| Q2 25 | $93.1M | $-2.6M | ||
| Q1 25 | $113.5M | $-67.5M | ||
| Q4 24 | $-7.3M | $1.2M | ||
| Q3 24 | $91.7M | $170.4M | ||
| Q2 24 | $98.3M | $-305.4M | ||
| Q1 24 | $82.0M | $6.6M |
| Q4 25 | 28.6% | 44.4% | ||
| Q3 25 | 29.8% | 47.3% | ||
| Q2 25 | 30.7% | 48.2% | ||
| Q1 25 | 30.9% | 46.7% | ||
| Q4 24 | 30.0% | 47.5% | ||
| Q3 24 | 30.1% | 49.8% | ||
| Q2 24 | 31.2% | 47.5% | ||
| Q1 24 | 30.3% | 45.0% |
| Q4 25 | 11.4% | -11.3% | ||
| Q3 25 | 13.8% | 1.3% | ||
| Q2 25 | 15.0% | 0.3% | ||
| Q1 25 | 14.5% | -6.1% | ||
| Q4 24 | 11.7% | 1.0% | ||
| Q3 24 | 13.9% | 12.4% | ||
| Q2 24 | 15.4% | -25.3% | ||
| Q1 24 | 14.0% | -0.3% |
| Q4 25 | 3.1% | -32.4% | ||
| Q3 25 | 19.0% | -1.4% | ||
| Q2 25 | 7.0% | -0.2% | ||
| Q1 25 | 9.0% | -5.7% | ||
| Q4 24 | -0.5% | 0.1% | ||
| Q3 24 | 6.9% | 12.2% | ||
| Q2 24 | 7.4% | -25.8% | ||
| Q1 24 | 6.2% | 0.5% |
| Q4 25 | $0.30 | $-1.01 | ||
| Q3 25 | $1.73 | $-0.04 | ||
| Q2 25 | $0.63 | $-0.01 | ||
| Q1 25 | $0.77 | $-0.16 | ||
| Q4 24 | $-0.05 | $0.00 | ||
| Q3 24 | $0.63 | $0.39 | ||
| Q2 24 | $0.67 | $-0.70 | ||
| Q1 24 | $0.56 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $344.0M | $464.6M |
| Total DebtLower is stronger | $3.3B | $989.7M |
| Stockholders' EquityBook value | $1.2B | $1.4B |
| Total Assets | $7.0B | $4.6B |
| Debt / EquityLower = less leverage | 2.65× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $344.0M | $464.6M | ||
| Q3 25 | $282.5M | $396.0M | ||
| Q2 25 | $354.4M | $911.0M | ||
| Q1 25 | $335.2M | $501.4M | ||
| Q4 24 | $371.8M | $726.9M | ||
| Q3 24 | $386.0M | $530.7M | ||
| Q2 24 | $388.6M | $884.6M | ||
| Q1 24 | $352.8M | $858.7M |
| Q4 25 | $3.3B | $989.7M | ||
| Q3 25 | $4.0B | $1.2B | ||
| Q2 25 | $4.0B | $989.2M | ||
| Q1 25 | $4.2B | $595.1M | ||
| Q4 24 | $4.2B | $595.2M | ||
| Q3 24 | $4.3B | $594.6M | ||
| Q2 24 | $4.4B | $595.4M | ||
| Q1 24 | $4.5B | $675.8M |
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.9B | ||
| Q2 25 | $953.1M | $1.9B | ||
| Q1 25 | $797.9M | $1.9B | ||
| Q4 24 | $624.5M | $2.0B | ||
| Q3 24 | $771.2M | $2.0B | ||
| Q2 24 | $650.1M | $1.8B | ||
| Q1 24 | $598.3M | $2.2B |
| Q4 25 | $7.0B | $4.6B | ||
| Q3 25 | $7.1B | $4.9B | ||
| Q2 25 | $7.2B | $4.9B | ||
| Q1 25 | $7.0B | $4.3B | ||
| Q4 24 | $7.0B | $4.6B | ||
| Q3 24 | $7.3B | $4.5B | ||
| Q2 24 | $7.3B | $4.9B | ||
| Q1 24 | $7.2B | $4.8B |
| Q4 25 | 2.65× | 0.69× | ||
| Q3 25 | 3.34× | 0.64× | ||
| Q2 25 | 4.18× | 0.53× | ||
| Q1 25 | 5.26× | 0.31× | ||
| Q4 24 | 6.72× | 0.30× | ||
| Q3 24 | 5.62× | 0.30× | ||
| Q2 24 | 6.81× | 0.33× | ||
| Q1 24 | 7.49× | 0.31× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $293.6M | $278.1M |
| Free Cash FlowOCF − Capex | $257.7M | $261.9M |
| FCF MarginFCF / Revenue | 18.5% | 19.7% |
| Capex IntensityCapex / Revenue | 2.6% | 1.2% |
| Cash ConversionOCF / Net Profit | 6.70× | — |
| TTM Free Cash FlowTrailing 4 quarters | $458.5M | $-45.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $293.6M | $278.1M | ||
| Q3 25 | $165.9M | $-69.8M | ||
| Q2 25 | $136.6M | $48.9M | ||
| Q1 25 | $31.9M | $-202.2M | ||
| Q4 24 | $244.2M | $311.3M | ||
| Q3 24 | $170.5M | $-321.4M | ||
| Q2 24 | $188.2M | $153.0M | ||
| Q1 24 | $125.1M | $-122.9M |
| Q4 25 | $257.7M | $261.9M | ||
| Q3 25 | $119.6M | $-90.3M | ||
| Q2 25 | $93.2M | $13.5M | ||
| Q1 25 | $-12.0M | $-231.0M | ||
| Q4 24 | $185.1M | $262.9M | ||
| Q3 24 | $115.2M | $-367.2M | ||
| Q2 24 | $129.5M | $107.3M | ||
| Q1 24 | $78.0M | $-156.7M |
| Q4 25 | 18.5% | 19.7% | ||
| Q3 25 | 8.9% | -6.8% | ||
| Q2 25 | 7.0% | 1.2% | ||
| Q1 25 | -0.9% | -19.6% | ||
| Q4 24 | 13.6% | 18.8% | ||
| Q3 24 | 8.6% | -26.2% | ||
| Q2 24 | 9.7% | 9.1% | ||
| Q1 24 | 5.9% | -11.8% |
| Q4 25 | 2.6% | 1.2% | ||
| Q3 25 | 3.4% | 1.5% | ||
| Q2 25 | 3.3% | 3.1% | ||
| Q1 25 | 3.5% | 2.4% | ||
| Q4 24 | 4.4% | 3.5% | ||
| Q3 24 | 4.1% | 3.3% | ||
| Q2 24 | 4.4% | 3.9% | ||
| Q1 24 | 3.6% | 2.5% |
| Q4 25 | 6.70× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | — | 252.26× | ||
| Q3 24 | 1.86× | -1.89× | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 1.53× | -18.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
UAA
| Apparel | $934.0M | 70% |
| Footwear | $265.1M | 20% |
| Accessories | $107.7M | 8% |
| License | $27.2M | 2% |
