olivLaw · US equity research
Columbia Sportswear Company COLM
Apparel & Other Finishd Prods of Fabrics & Similar Matl · SIC 2300 · Vertical: Apparel & Other Finishd Prods of Fabrics & Similar Matl (SIC 2300)
Columbia Sportswear designs, develops and distributes outdoor, active and lifestyle apparel, footwear and equipment through four brands, and is a global leader in the category. The company matters now because it is recovering from a difficult U.S. period, with fiscal 2025 net sales of 3397.351 million USD, while IEEPA tariff refunds have sharply shifted quarterly results.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Columbia Sportswear Company (COLM) stock was 70.93 USD (+1.24% on the day), with market capitalisation 3.6 bn USD, P/E 18.4 on diluted EPS of 3.85 USD over the last 12 months, dividend yield 1.69%, beta 0.88, 52-week range 49.87–71.12 USD. Latest reported quarter (Q2 2026): revenue of 614.4 m USD (+1.5% YoY), net income of 26.6 m USD, diluted EPS 0.52 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 75.9
- overbought (≥ 70)
- Bollinger (20, 2)
- 52.78 – 70.83
- above the upper band · %B 1.01 · band width 29.2%
- SMA 50 / 200
- 59.10 / 60.06
- mixed trend
- MACD (12, 26, 9)
- 2.97 / 1.79
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +24.6% | −1.1% | +25.7 pp | — |
| 3 months | +24.0% | −0.5% | +24.5 pp | — |
| 6 months | +11.8% | +4.4% | +7.4 pp | — |
| Year to date | +28.8% | +12.3% | +16.4 pp | — |
| 1 year | +41.4% | +13.5% | +27.9 pp | +6.7% |
| 3 years | −8.6% | +76.4% | −85.0 pp | +16.8% |
| 5 years | −32.2% | +63.7% | −95.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 931.8 m | 1.1 bn | 778.5 m | 605.2 m | 943.4 m | 1.1 bn | 779.0 m | 614.4 m |
| Cost of revenue | 464.2 m | 536.0 m | 382.4 m | 308.1 m | 471.6 m | 518.5 m | 384.1 m | 255.9 m |
| Gross profit | 467.6 m | 560.5 m | 396.1 m | 297.1 m | 471.8 m | 551.7 m | 395.0 m | 358.4 m |
| SG&A | 361.2 m | 430.6 m | 354.5 m | 325.6 m | 380.9 m | 441.5 m | 357.1 m | 332.2 m |
| Operating income | 112.5 m | 137.3 m | 46.5 m | -23.6 m | 67.4 m | 116.7 m | 42.0 m | 30.9 m |
| Depreciation & amortisation | 13.0 m | 13.8 m | 13.5 m | 14.5 m | 14.2 m | 14.7 m | 13.7 m | 13.8 m |
| Pre-tax income | 119.2 m | 139.8 m | 54.9 m | -16.6 m | 71.0 m | 120.3 m | 47.3 m | 36.3 m |
| Income tax | 29.0 m | 37.3 m | 12.6 m | -6.4 m | 19.0 m | 27.2 m | 13.0 m | 9.7 m |
| Net income | 90.2 m | 102.6 m | 42.2 m | -10.2 m | 52.0 m | 93.2 m | 34.3 m | 26.6 m |
| Diluted EPS | 1.56 | 1.80 ≈ | 0.75 | -0.19 | 0.95 | 1.73 ≈ | 0.65 | 0.52 |
| Operating cash flow | -185.5 m ≈ | 567.7 m | -32.0 m | -30.8 m ≈ | -270.6 m ≈ | 616.3 m | -77.5 m | 115.0 m ≈ |
| Capex | 13.9 m ≈ | 18.1 m | 15.6 m | 14.5 m ≈ | 16.6 m ≈ | 19.5 m | 12.4 m | 13.4 m ≈ |
| Dividends paid | 17.2 m ≈ | 16.9 m | 16.6 m | 16.4 m ≈ | 16.4 m ≈ | 16.1 m | 15.6 m | 15.4 m ≈ |
| Share repurchases | 128.2 m ≈ | 86.9 m | 101.4 m | 30.3 m ≈ | 40.0 m ≈ | 29.4 m | 150.0 m | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 31 percentile of its own 39-quarter history (min 12.6, median 21.1, max 54.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.8 bn | 3.0 bn | 2.5 bn | 3.1 bn | 3.5 bn | 3.5 bn | 3.4 bn | 3.4 bn |
| Revenue YoY | +13.6% | +8.6% | −17.8% | +25.0% | +10.8% | +0.7% | −3.4% | +0.9% |
| Net income | 268.3 m | 330.5 m | 108.0 m | 354.1 m | 311.4 m | 251.4 m | 223.3 m | 177.2 m |
| Net income YoY | +155.2% | +23.2% | −67.3% | +227.8% | −12.0% | −19.3% | −11.2% | −20.6% |
| Diluted EPS | 3.81 | 4.83 | 1.62 | 5.33 | 4.95 | 4.09 | 3.82 | 3.24 |
| Diluted EPS YoY | +155.7% | +26.8% | −66.5% | +229.0% | −7.1% | −17.4% | −6.6% | −15.2% |
| net % | 9.6% | 10.9% | 4.3% | 11.3% | 9.0% | 7.2% | 6.6% | 5.2% |
| Free cash flow | 223.9 m | 161.9 m | 247.3 m | 319.7 m | -83.7 m | 581.7 m | 431.2 m | 216.7 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 442.0 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 1.7 bn USD
- Total assets
- 2.9 bn USD
- Debt / equity
- unavailable
- Current ratio
- 2.59x
- ROE
- 10.2%
- ROA
- 6.0%
- FCF margin
- 6.4%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 2.5 bn | 3.1 bn | 3.5 bn | 3.5 bn | 3.4 bn | 3.4 bn | SEC (XBRL)· 25 Feb 2026verified |
| Cost of revenue | 1.3 bn | 1.5 bn | 1.8 bn | 1.8 bn | 1.7 bn | 1.7 bn | SEC (XBRL)· 25 Feb 2026verified |
| Gross profit | 1.2 bn | 1.6 bn | 1.7 bn | 1.7 bn | 1.7 bn | 1.7 bn | SEC (XBRL)· 25 Feb 2026verified |
| SG&A | 1.1 bn | 1.2 bn | 1.3 bn | 1.4 bn | 1.4 bn | 1.5 bn | SEC (XBRL)· 25 Feb 2026verified |
| Operating income | 137.0 m | 450.5 m | 393.1 m | 310.3 m | 270.7 m | 207.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Depreciation & amortisation | 63.4 m | 55.9 m | 54.8 m | 58.1 m | 55.9 m | 56.8 m | SEC (XBRL)· 25 Feb 2026verified |
| EBITDA | 200.5 m ≈ | 506.4 m ≈ | 447.9 m ≈ | 368.3 m ≈ | 326.7 m ≈ | 263.9 m ≈ | SEC (XBRL)· 25 Feb 2026derived |
| Pre-tax income | 139.5 m | 451.5 m | 397.4 m | 326.2 m | 298.2 m | 229.6 m | SEC (XBRL)· 25 Feb 2026verified |
| Income tax | 31.5 m | 97.4 m | 86.0 m | 74.8 m | 74.9 m | 52.4 m | SEC (XBRL)· 25 Feb 2026verified |
| Net income | 108.0 m | 354.1 m | 311.4 m | 251.4 m | 223.3 m | 177.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Diluted EPS | 1.62 | 5.33 | 4.95 | 4.09 | 3.82 | 3.24 | SEC (XBRL)· 25 Feb 2026verified |
| Weighted average diluted shares | 66.8 m | 66.4 m | 63.0 m | 61.4 m | 58.5 m | 54.8 m | SEC (XBRL)· 25 Feb 2026verified |
| Dividend per share | 0.26 | 1.04 | 1.20 | 1.20 | 1.20 | 1.20 | SEC (XBRL)· 25 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 790.7 m | 763.4 m | 430.2 m | 350.3 m | 531.9 m | 442.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Receivables | 452.9 m | 487.8 m | 547.6 m | 423.1 m | 417.5 m | 403.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Inventories | 556.5 m | 645.4 m | 1.0 bn | 746.3 m | 690.5 m | 689.5 m | SEC (XBRL)· 25 Feb 2026verified |
| Current assets | 1.9 bn | 2.1 bn | 2.1 bn | 2.0 bn | 2.0 bn | 2.0 bn | SEC (XBRL)· 25 Feb 2026verified |
| Property, plant & equipment, net | 309.8 m | 291.1 m | 291.2 m | 287.3 m | 282.9 m | 279.1 m | SEC (XBRL)· 25 Feb 2026verified |
| Goodwill | 68.6 m | 68.6 m | 51.7 m | 26.7 m | 26.7 m | 5.7 m | SEC (XBRL)· 25 Feb 2026verified |
| Intangibles (excl. goodwill) | 103.6 m | 101.9 m | 81.6 m | 79.9 m | 79.2 m | 71.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Total assets | 2.8 bn | 3.1 bn | 3.1 bn | 2.9 bn | 3.0 bn | 2.9 bn | SEC (XBRL)· 25 Feb 2026verified |
| Accounts payable | 206.7 m | 283.3 m | 322.5 m | 235.9 m | 385.7 m | 385.6 m | SEC (XBRL)· 25 Feb 2026verified |
| Short-term debt | — | 0 | 0 | — | — | — | SEC (XBRL)· 02 Nov 2023verified |
| Current liabilities | 552.6 m | 680.4 m | 738.7 m | 596.6 m | 766.5 m | 760.8 m | SEC (XBRL)· 25 Feb 2026verified |
| Total liabilities | 1.0 bn | 1.1 bn | 1.1 bn | 1.0 bn | 1.2 bn | 1.2 bn | SEC (XBRL)· 25 Feb 2026verified |
| Equity | 1.8 bn | 2.0 bn | 1.9 bn | 1.9 bn | 1.8 bn | 1.7 bn † | SEC (XBRL)· 25 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 276.1 m | 354.4 m | -25.2 m | 636.3 m | 491.0 m | 282.9 m | SEC (XBRL)· 25 Feb 2026verified |
| Capex | 28.8 m | 34.7 m | 58.5 m | 54.6 m | 59.8 m | 66.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Free cash flow | 247.3 m ≈ | 319.7 m ≈ | -83.7 m ≈ | 581.7 m ≈ | 431.2 m ≈ | 216.7 m ≈ | SEC (XBRL)· 25 Feb 2026derived |
| Investing cash flow | -27.2 m | -163.8 m | 72.7 m | -461.8 m | 87.3 m | -120.7 m | SEC (XBRL)· 25 Feb 2026verified |
| Financing cash flow | -151.7 m | -210.9 m | -360.8 m | -254.8 m | -386.2 m | -267.1 m | SEC (XBRL)· 25 Feb 2026verified |
| Dividends paid | 17.2 m | 68.6 m | 75.1 m | 73.4 m | 69.7 m | 65.5 m | SEC (XBRL)· 25 Feb 2026verified |
| Share repurchases | 132.9 m | 165.4 m | 287.4 m | 184.0 m | 317.8 m | 201.1 m | SEC (XBRL)· 25 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 58 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 3.6 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet100
- Valuation65
- Quality78
- Growth0
- Returns100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 15.77 – 130.57 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E42.89 – 130.57 (Mid 61.27)11 companies used · median multiple 15.9x · quartiles 11.1x – 33.9xAS, BRIA, CRI, FIGS, GIII, GIL, JRSH, LEVI, LULU, NCI, SGC
- Dividend discount (DDM)15.77 – 21.21 (Mid 18.09)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 58/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 6.0% | 56 (vs peers) | 10% |
| FCF conversion · Quality | 155.9% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | -0.6% | 0 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | -13.2% | 0 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 2.5x | 100 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 18.4x | 36 (vs peers) | 17% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 8.8% | 100 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 7.8% | 100 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | 19.8% | 100 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality78/100 · 2/3 factors with a value
- Returns100/100 · 2/2 factors with a value
- Valuation65/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
COLUMBIA SPORTSWEAR COMPANY (COLM). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 3.4 bn USD in 2025; YoY growth 0.9%; net margin 6.0%; ROE 12.7%.
The estimated value range is 29.33–75.89 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 39.68 USD, the price of 70.93 USD leaves a potential of -44.1% (value / price − 1) and a margin of safety of -78.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 58/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 155.9%
- Current ratio: 2.5x
- FCF yield: 8.8%
- Shareholder yield (distributions): 7.8%
- Payout ratio (FCF): 19.8%
What contradicts it
- Revenue CAGR 3Y: -0.6%
- EPS CAGR 3Y: -13.2%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, EV/EBITDA.
Versus the vertical median
Apparel & Other Finishd Prods of Fabrics & Similar Matl (SIC 2300) · same industry (4-digit SIC) · compared with 16 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ASAmer Sports, Inc. | 17.9 bn | 42.2 | 7.9% | 6.5% | +26.7% | −14% / unavailable |
| LULUlululemon athletica inc. | 11.8 bn | 9.2 | 30.9% | 12.8% | +4.9% | −39% / −75% |
| GILGildan Activewear Inc. | 8.0 bn | 16.6 | 15.9% | 11.0% | +10.7% | −22% / +19% |
| COLMColumbia Sportswear Company | 3.6 bn | 18.4 | 12.7% | 6.0% | +0.9% | +41% / −9% |
| GIIIG III Apparel Group Ltd | 1.4 bn | 10.8 | 7.7% | 4.8% | −7.0% | +14% / +15% |
| CRICarter’s, Inc. | 1.2 bn | 5.5 | 22.9% | 7.4% | unavailable | +5% / −51% |
| LEVILevi Strauss & Co | 894.9 m | 15.9 | 25.8% | 8.8% | +4.1% | +8% / +54% |
| SGCSuperior Group Of Companies, Inc. | 224.5 m | 25.6 | 4.3% | 1.4% | +0.1% | +45% / +18% |
| JRSHJerash Holdings (US), Inc. | 73.8 m | 15.3 | 7.6% | 2.8% | +14.0% | +87% / +103% |
| PASWPing An Biomedical Co., Ltd. | 60.1 m | — | -28.4% | -37.6% | unavailable | +541% / unavailable |
| BRIABrilliA Inc | 34.5 m | 11.5 | 21.5% | 4.4% | +15.1% | −23% / unavailable |
| NCINeo-Concept International Group Holdings Limited | 12.8 m | 63.1 | 0.6% | 0.2% | −41.9% | −93% / unavailable |
| UAUnder Armour, Inc. | — | — | -29.8% | -10.0% | −3.8% | +26% / −27% |
| FIGSFIGS, Inc. | 0 | 67.0 | 14.8% | 8.7% | +13.6% | +124% / +202% |
| ZGNErmenegildo Zegna N.V. | — | — | 10.1% | 5.1% | −1.5% | +39% / +30% |
| LANVLanvin Group Holdings Limited | — | — | -200.4% | -50.3% | −22.9% | −60% / −79% |
| GOOSCanada Goose Holdings Inc. | — | — | 19.8% | 7.0% | +1.1% | −36% / −20% |
1- and 3-year price returns: for COLM from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 41.51 Total return -40% · Per year -40% | 73.58 Total return 5% · Per year 5% | 111.10 Total return 59% · Per year 59% |
| 3 years | 36.23 Total return -45% · Per year -18% | 72.63 Total return 8% · Per year 2% | 120.98 Total return 77% · Per year 21% |
| 5 years | 31.62 Total return -50% · Per year -13% | 71.70 Total return 10% · Per year 2% | 131.74 Total return 97% · Per year 15% |
- Exit P/E± 18.16
- Net margin± 12.71
- Annual revenue growth± 10.98
- Annual dilution± 1.07
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (29 Oct 2026 · results).
In brief
Columbia Sportswear designs, develops and distributes outdoor, active and lifestyle apparel, footwear and equipment through four brands, and is a global leader in the category. The company matters now because it is recovering from a difficult U.S. period, with fiscal 2025 net sales of 3397.351 million USD 1, while IEEPA tariff refunds have sharply shifted quarterly results 2.
SWOT
Strengths
- A four-brand portfolio with global recognition and a balance sheet with no borrowings in mid-2026 3.
- Flexible sourcing model built on contract manufacturers, without large investment in factories 1.
- Solid international presence, with sales in over 100 countries and international segments that grew 13.
Weaknesses
Opportunities
- The ACCELERATE strategy could attract younger consumers and grow market share if positive trends hold 13.
- Columbia footwear performed well in the second quarter of 2026, which could open a growth direction 3.
- Growing direct-to-consumer and e-commerce channels could improve margins if promotions are controlled 1.
Risks
- Tariffs and trade policyhigh
Changes in tariffs could raise import costs and affect U.S. consumer demand 1.
- Volatile consumer demandhigh
Sales depend on discretionary spending and weather, and lower demand could reduce revenue 1.
- Supply chainmedium
Manufacturer delays or logistics congestion could delay receipt of inventory for the fall 2026 season 2.
- Financially weak wholesale customersmedium
Retailer financial difficulties can lead to cancelled orders and credit losses 1.
- Asset impairmentlow
The company may record impairments for stores or brands that underperform, as it did in 2025 1.
Investment thesis
What would need to be true (bull case)
- If the ACCELERATE strategy brings younger consumers into the Columbia brand, growth could become more sustainable over the long term 13.
- A debt-free balance sheet and tariff refunds could support investment and the share repurchase program 3.
- Margin improvement after cutting excessive promotions could lift operating profitability over the medium term 3.
What would break the thesis
What to watch
- Trend in U.S. sales and wholesale ordersQ3 2026
- Processing and remaining amount of IEEPA tariff refundsQ3 2026
- Delivery against the 2026 sales and profit guidance2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (29 Oct 2026 · results).
The business
Founded in 1938 in Portland, Oregon, the company grew from a regional hat distributor into a global player with the Columbia, SOREL, Mountain Hardwear and prAna brands 1. It owns no factories and relies on contract manufacturers, mostly outside the U.S., with sales weighted toward the third and fourth quarters 1. Products are sold in 115 countries through wholesale and direct-to-consumer channels, and the company had no borrowings at June 30 2026 13.
Segments
Market context
The outdoor, active and lifestyle market is highly competitive, with large companies, small local brands and retailers selling private labels 1. Demand depends on discretionary spending and weather, and U.S. inflation and Middle East conflict could shift demand in the second half of 2026 12.
The company sells in 122 countries, and demand is shaped by retail traffic and the financial health of wholesale customers 2. Athleisure and emerging outdoor brands have gained ground, pushing the market toward style and versatility 1.
Trends
- IEEPA tariff recoverymixed
Refunds of IEEPA tariffs inflated 2026 profit, but the effect is one-off and does not reflect operating performance 23. If refunds do not recur, results could fall back to a lower level.
- ACCELERATE strategytailwind
The Columbia brand is trying to attract younger consumers through new products and campaigns, and early signs are encouraging, especially in footwear 13. Long-term effect depends on changing perception in the U.S.
- Macroeconomic and geopolitical pressureheadwind
The Middle East conflict raised transport and energy costs, and discretionary spending was hit 2. If tensions persist, second-half demand could stay weak.
- U.S. trade policyheadwind
Uncertainty over new tariffs and trade policy may lead to price increases and lower demand for imported products 1. The company is monitoring tariff changes for coming seasons.
Competitive position
Competition includes large companies with significant financial resources, small brands with strong local markets, and emerging brands with a strong direct online presence 1. Retailers that are also customers compete through their own private labels 1.
Key differentiating factors are brand strength, innovation, quality, value and marketing effectiveness 1. The company says new products and campaigns can improve positioning, but competition in athleisure remains intense 12.
- Large outdoor apparel companies
Competitors among large outdoor brands, referenced in general terms in the source.
- Athleisure and sportswear brands
Brands that gained from the casualization and style trend for everyday wear.
- Emerging outdoor brands with direct online presence
New brands selling direct to consumers, competing especially in digital.
- Private-label retailers
Wholesale customers that produce and distribute similar products under their own labels.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Where U.S. states rank on new housing supply pipelinePhys.org · 05 Nov 2026 · EN
- Oamenii din Anzi par să fi dezvoltat o abilitate genetică neobișnuităSpotMedia.ro · 05 Nov 2026 · RO
- Mother and daughter die after suspected grizzly bear attack in CanadaBBC World News · 04 Nov 2026 · EN
- Multiple injuries reported in bus crash in Canada’s British Columbia: ReportAnadolu Agency (TR, EN) · 04 Nov 2026 · EN
- Mother and daughter both killed in grizzly bear attack, Canadian authorities confirmThe Guardian World · 04 Nov 2026 · EN
- Cine este Abdul El-Sayed, democratul musulman care a câștigat în Michigan: A fost acuzat de legături cu Frăția Musulmană. Scandalurile care au împărțit electoratul - Oficiul de ȘtiriSurge — Google News · 04 Nov 2026 · RO
- Trei români au candidat la alegerile din SUA: Mihaela Pleșa câștigă un nou mandat în Texas, Ionel Roiban pierde în Florida - JurnalulSurge — Google News · 04 Nov 2026 · RO
- La ce ora incepe Black Friday 2026 la eMAGLibertatea.ro · 04 Nov 2026 · RO
- Preprimary education laws and women’s gender attitudes, empowerment and reproductive autonomy in 117 low- and middle-income countriesNature Human Behaviour · 04 Nov 2026 · EN
- One dead and another missing in suspected grizzly bear attack in CanadaThe Guardian World · 03 Nov 2026 · EN
- eMAG a dezvăluit primele prețuri de Black Friday 2026. Bilete la Beach, Please! cu 1 leu și televizoare de la 249 de leiMediafax · 03 Nov 2026 · RO
- Trei români pe buletinele de vot din SUA: candidați în Florida, Texas și Washington D.C. - Cotidianul ROSurge — Google News · 03 Nov 2026 · RO
- District of Columbia live results: 2026 mayoral electionThe Hill · 03 Nov 2026 · EN
- District of Columbia live results: 2026 House delegate electionThe Hill · 03 Nov 2026 · EN
- ALEGERI în SUA! A început votul decisiv pentru Congres! Ce se joacă pentru Trump - A.M. PressSurge — Google News · 03 Nov 2026 · RO
- The dangerous loophole turning U.S. attorney’s offices into political instrumentsThe Hill · 03 Nov 2026 · EN
- Live Alegeri SUA 2026. Rezultatele midterms la ora României: cine câștigă Camera Reprezentanților și Senatul - Realitatea.NETSurge — Google News · 03 Nov 2026 · RO
- Midterms 2026. Cine este Abdul El-Sayed, candidatul din Michigan care ar putea deveni primul senator musulman din istoria SUA - Euronews RomâniaSurge — Google News · 03 Nov 2026 · RO
- Catalogul eMAG de Black Friday 2026. eMAG a anunțat primele reduceri: bilete la Nibiru și Beach, Please! de la 1 leuLibertatea.ro · 03 Nov 2026 · RO
- How “reverse game theory” could keep AI agents in checkMIT Technology Review · 03 Nov 2026 · EN
SEC filings
- Current report29 Oct 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report06 Aug 2026
- Current report30 Jul 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report16 Jun 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Quarterly report07 May 2026
- Current report30 Apr 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Proxy statement24 Apr 2026
- Current report20 Mar 2026Material agreement · Termination of a material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Annual report25 Feb 2026
- Current report03 Feb 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Columbia Sportswear Company · 25 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Columbia Sportswear Company · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Columbia Sportswear Company · 30 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.