adidas AG

XTRA:ADS 주식 리포트

시가총액: €28.2b

adidas 과거 순이익 실적

과거 기준 점검 5/6

adidas의 수입은 연평균 -3.8%의 비율로 감소해 온 반면, Luxury 산업은 수입이 연평균 23.7% 증가했습니다. 매출은 연평균 3.9%의 비율로 증가해 왔습니다. adidas의 자기자본이익률은 22.4%이고 순이익률은 5.4%입니다.

핵심 정보

-3.83%

순이익 성장률

-0.78%

주당순이익(EPS) 성장률

Luxury 산업 성장률7.70%
매출 성장률3.89%
자기자본이익률22.44%
순이익률5.45%
다음 순이익 업데이트30 Jul 2026

최근 과거 실적 업데이트

Recent updates

분석 기사 May 02

adidas AG Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

adidas AG ( ETR:ADS ) just released its latest first-quarter results and things are looking bullish. Results were good...
내러티브 업데이트 Apr 27

ADS: China Strength And Buybacks Will Support Future Re Rating

Adidas' analyst fair value estimate has been trimmed by about €3 to €196.77 as analysts factor in slightly more cautious revenue growth assumptions, alongside relatively steady profit margin and P/E expectations, following a series of recent price target revisions across the Street. Analyst Commentary Recent research highlights a mixed but generally constructive read on adidas, with several firms trimming price targets while still expressing confidence in execution and the long-term earnings profile.
내러티브 업데이트 Apr 10

ADS: Premium Consumers And Buybacks Will Support Future Re Rating

Adidas' analyst price target has shifted modestly higher to €199.96 from €199.42, as analysts balance recent target cuts with views of steady revenue, stable profit margins and a broadly unchanged future P/E outlook. Analyst Commentary Recent research paints a mixed picture, with several firms trimming their price targets on Adidas while keeping positive ratings, and others flagging risks around guidance and sector pressures.
내러티브 업데이트 Mar 26

ADS: Premium Consumers And Buybacks Will Support Future Multiple Expansion

The analyst price target for adidas has been trimmed by a few euros, reflecting slightly lower fair value assumptions and a modest reset in growth and P/E expectations after several firms cut their targets into a €185 to €232 range, while still highlighting solid execution and guidance. Analyst Commentary Recent research has centered on a cluster of price target cuts, with most new targets sitting between €185 and €232 or around $138 for those quoting in U.S. dollars.
내러티브 업데이트 Mar 11

ADS: Premium Consumers And Buybacks Will Support Future Margin Resilience

Our analyst fair value estimate for adidas has been reduced from about €221 to €202, reflecting a series of Street price target reductions as analysts factor in more cautious revenue growth, slimmer profit margins, and slightly lower future P/E assumptions. Analyst Commentary Recent Street research on adidas points to a reset lower in price targets, but most firms are still keeping positive or constructive ratings on the shares.
내러티브 업데이트 Feb 25

ADS: Premium Consumers And Share Buybacks Will Support Future Margin Resilience

Analysts have trimmed their fair value estimate for adidas by about €1 to roughly €221, reflecting slightly softer assumptions for revenue growth, profit margins and future P/E. This is in line with recent mixed research that includes a reduced price target at Citi, a downgrade at RBC Capital, and a more upbeat initiation at Grupo Santander and higher target at Bernstein.
내러티브 업데이트 Feb 11

ADS: Premium Consumers And Buyback Plan Will Support Future Margin Resilience

Analysts have trimmed their consolidated price target for adidas to about €222 from roughly €225, reflecting slightly higher required returns and marginally softer assumptions on growth and profitability, even as some houses still see room for rerating based on sector positioning and the potential for brand recovery. Analyst Commentary Bullish Takeaways Bullish analysts highlight that some sportswear names, including adidas, are viewed as clearly dislocated, with share prices that, in their view, do not fully reflect recent guidance and earnings revisions.
내러티브 업데이트 Jan 26

ADS: Premium Consumers And Sports Footwear Demand Will Support Future Margin Resilience

Analysts have made a slight adjustment to their fair value estimate for adidas to €224.84, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E following a mix of recent price target hikes and a downgrade in Street research. Analyst Commentary Recent Street research on adidas offers a mix of optimism and caution, which helps explain the modest tweak to the fair value estimate.
내러티브 업데이트 Jan 12

ADS: Premium Consumers And Sports Footwear Shift Will Support Stronger Margins

Analysts have nudged their fair value estimate for adidas higher to about €226.60 from roughly €223.57, reflecting updated price targets and views that greater exposure to premium consumers and sportswear demand could support slightly stronger margins and a modestly higher future P/E. Analyst Commentary Recent street research has tilted constructive on adidas, with several firms adjusting price targets higher in both US dollar and euro terms.
내러티브 업데이트 Dec 26

ADS: Brand Strength Will Support Premium Margins As Earnings Power Improves

Analysts have nudged their price target for adidas slightly higher to about EUR 224, supported by new Outperform and Overweight views that emphasize resilient profitability and a modestly richer future earnings multiple, despite slightly softer long term growth assumptions. Analyst Commentary Recent Street research on adidas reflects a generally constructive stance on the shares, with price targets clustered modestly above current levels and supported by expectations of resilient execution, disciplined cost control, and a steady recovery in brand momentum.
내러티브 업데이트 Dec 12

ADS: Brand Strength Will Support Premium Margins Despite Intensifying Competitive Pressures

The analyst price target for adidas has been modestly reduced to EUR 222 from EUR 229 as analysts temper their fair value and margin assumptions, despite recent supportive coverage including new Outperform and Overweight ratings. Analyst Commentary Bullish analysts point to a supportive fundamental backdrop for adidas, with recent coverage highlighting confidence in the company’s ability to sustain profitable growth despite a more competitive landscape in sportswear and footwear.
내러티브 업데이트 Nov 28

ADS: Revenue Momentum Will Drive Double-Digit Gains Amid Easing Margin Pressures

The analyst price target for adidas has been modestly lowered by approximately EUR 2 to EUR 229. Analysts cite slightly higher discount rates and a conservative outlook for future growth and profitability as the reasons for this adjustment.
내러티브 업데이트 Nov 13

ADS: Double-Digit Revenue Growth Will Drive Upside Amid Rising Competition

Analysts have slightly reduced their fair value estimate for adidas, lowering the price target from approximately EUR 234.05 to EUR 231.65 due to modest adjustments to key financial assumptions. These adjustments include slower projected revenue growth and an increased discount rate.
내러티브 업데이트 Oct 30

ADS: Stable Profit Margins Will Support Renewed Confidence Amid Legal Scrutiny

Analysts have modestly increased their price target for adidas shares from €234 to €238. They note stable profit margin outlook and minor adjustments to growth assumptions as drivers for the slight upward revision.
분석 기사 Sep 28

adidas (ETR:ADS) Might Have The Makings Of A Multi-Bagger

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
내러티브 업데이트 Sep 19

Rising Health Trends Will Expand Global Athleisure And E-commerce

Given that adidas’s key forward metrics—Future P/E and consensus revenue growth—remain virtually unchanged, the marginal downward revision in its consensus analyst price target to €237.35 likely reflects only minor adjustments in sentiment rather than any significant shifts in underlying fundamentals. What's in the News Mexico is considering legal action against Adidas after the company collaborated with a Mexican American designer to launch a product inspired by traditional Indigenous sandals, citing concerns about big companies using Indigenous designs without proper compensation (Reuters).
내러티브 업데이트 Sep 04

Rising Health Trends Will Expand Global Athleisure And E-commerce

With both revenue growth forecasts and future P/E ratios holding steady, consensus analyst price targets for adidas remain unchanged at €241.02. What's in the News Mexico is exploring legal action against Adidas after the company collaborated with designer Willy Chavarria on a show inspired by traditional Indigenous sandals, with President Claudia Sheinbaum noting concerns about misuse of Indigenous designs (Reuters).
분석 기사 Sep 02

We Think adidas (ETR:ADS) Can Manage Its Debt With Ease

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 Jul 25

adidas AG's (ETR:ADS) Price In Tune With Revenues

adidas AG's ( ETR:ADS ) price-to-sales (or "P/S") ratio of 1.5x may not look like an appealing investment opportunity...
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새로운 내러티브 Nov 07

Retail Innovation And Global Expansion Drive Growth And Earnings Potential

Strategic retail investments and product innovations aim to boost revenue growth through enhanced brand visibility and consumer engagement.

매출 및 비용 세부 내역

adidas가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.


순이익 및 매출 추이

XTRA:ADS 매출, 비용 및 순이익 (EUR Millions)
날짜매출순이익일반관리비연구개발비
31 Mar 2625,2501,37610,9150
31 Dec 2524,8111,33210,8480
30 Sep 2524,7001,21110,8520
30 Jun 2524,5081,18810,9500
31 Mar 2524,3781,02011,0370
31 Dec 2423,68375610,9000
30 Sep 2422,52938110,3670
30 Jun 2422,09019610,0990
31 Mar 2421,6118510,0450
31 Dec 2321,427-1199,9330
30 Sep 2321,821-17910,1620
30 Jun 2322,231-36810,2680
31 Mar 2322,483-10710,1870
31 Dec 2222,51122810,0780
30 Sep 2222,4448209,8600
30 Jun 2221,7861,2159,4210
31 Mar 2221,2681,2469,0270
31 Dec 2121,2341,4508,8160
30 Sep 2121,2371,4768,6060
30 Jun 2121,0471,5248,4610
31 Mar 2119,3229268,3650
31 Dec 2018,4354518,4640
30 Sep 2019,1324968,8090
30 Jun 2019,9816369,2030
31 Mar 2022,1381,3189,5380
31 Dec 1923,6401,9179,7090
30 Sep 1923,0351,8299,6480
30 Jun 1922,4981,8399,3530
31 Mar 1922,2501,7969,2160
31 Dec 1821,9151,7079,0270
30 Sep 1821,7381,6088,8400
30 Jun 1821,5421,50212,9730
31 Mar 1821,3191,4318,6420
31 Dec 1721,2181,3518,6360
30 Sep 1720,6621,36013,538149
30 Jun 1720,2071,2187,214149
31 Mar 1719,3681,1729,336149
31 Dec 1618,4831,0797,214149
30 Sep 1618,1501,0416,689139
30 Jun 1617,6869696,689139
31 Mar 1617,3948136,689139
31 Dec 1516,9156806,689139
30 Sep 1516,3586455,303126
30 Jun 1515,6445895,442126

양질의 수익: ADS는 고품질 수익을 보유하고 있습니다.

이익 마진 증가: ADS의 현재 순 이익률 (5.4%)은 지난해 (4.2%)보다 높습니다.


잉여현금흐름 대비 순이익 분석


과거 순이익 성장 분석

수익추이: ADS의 수익은 지난 5년 동안 연평균 3.8% 감소했습니다.

성장 가속화: 지난 1년간 ADS 의 수익 증가율(34.9%)은 연간 평균(-3.8%)을 초과합니다.

수익 대 산업: ADS의 지난 1년 수익 증가율(34.9%)은 Luxury 업계의 20%를 상회했습니다.


자기자본이익률

높은 ROE: ADS의 자본 수익률(22.4%)은 높음으로 평가됩니다.


총자산이익률


투하자본수익률


우수한 과거 실적 기업을 찾아보세요

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/06/04 13:00
종가2026/06/04 00:00
수익2026/03/31
연간 수익2025/12/31

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분석가 소스

adidas AG는 61명의 분석가가 다루고 있습니다. 이 중 26명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Volker BosseBaader Helvea Equity Research
Knut WollerBaader Helvea Equity Research
Jonathan KompBaird