# Columbia Sportswear Company (COLM)

> Source: Nexqual · https://nexqual.com/COLM · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Columbia Sportswear Company (COLM), nexqual.com/COLM" · informational, not investment advice.

**Price:** USD 62.07 (+4.30% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 59.51 · day 59.54–62.25 · 52w 47.47–69.06 · market cap $3.18B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.41B, net income $206M (6.0% margin), free cash flow $321M (SEC filings).
- Valuation: P/E 15.4x (avg 19.5x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $907K; 2 not under a Rule 10b5-1 plan ($559K); 1 by opportunistic insiders (1 outside 10b5-1 plans), 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.57 on a 1–5 scale) (7 analysts), mean target USD 70.2 (range 47–92).
- Total return with dividends: 1Y +16.2% vs S&P 500 +14.9%; 5Y -32.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.28, revenue estimate $939M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.13B | $3.46B | $3.49B | $3.37B | $3.40B | $3.41B |
| Gross profit | $1.61B | $1.71B | $1.73B | $1.69B | $1.72B | — |
| Operating income | $451M | $393M | $310M | $271M | $207M | $257M |
| Net income | $354M | $311M | $251M | $223M | $177M | $206M |
| EPS (diluted) | $5.33 | $4.95 | $4.09 | $3.82 | $3.24 | — |
| Free cash flow | $320M | -$83.7M | $582M | $431M | $217M | $321M |
| Gross margin | 51.6% | 49.4% | 49.6% | 50.2% | 50.5% | — |
| Operating margin | 14.4% | 11.3% | 8.9% | 8.0% | 6.1% | 7.5% |
| Net margin | 11.3% | 9.0% | 7.2% | 6.6% | 5.2% | 6.0% |
| Revenue growth | +25.0% | +10.8% | +0.7% | -3.4% | +0.9% | — |
| Cash + short-term investments | $895M | $431M | $765M | $815M | $791M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 15.4x · P/S 0.9x · P/FCF 9.9x · P/B 2.0x · FCF yield 10.11% · Earnings yield 6.48% · Dividend yield (paid, TTM) 2.00% · Buyback yield (TTM) 6.90%
P/E at fiscal year-ends: Dec 2025 17.0x, Dec 2024 22.0x, Dec 2023 19.4x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
2 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-28 | Babson Stephen E | Director | 4,150 | $282K | 3% | No | Too little history (no open-market trades in 2023) |
| 2026-05-27 | Nelson Ronald E. | Director | 4,080 | $277K | 15.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-26…2026-05-27 | Swanson Jim A | EVP & CFO | 4,000 | $267K | 19.2% | Yes (adopted February 20, 2026) | Too little history (no open-market trades in 2023 or 2025) |
| 2026-05-04 | Simmons Sabrina | Director | 1,329 | $81K | 13.9% | Yes (adopted November 12, 2025) | Routine (sold in May each year 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.57 on a 1–5 scale), 7 analysts; mean target USD 70.2 (low 47, high 92).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-31 | Stifel | Target lowered | Buy | $70 → $67 |
| 2026-07-31 | BTIG | Reiterated | Buy | $80 |
| 2026-07-22 | Citigroup | Target raised | Neutral | $67 → $68 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +16.2% | -32.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +16.2% | -7.4% |
| Volatility (annualized) | 36.0% | 29.4% |
| Max drawdown | -19.1% (Feb 2026→Mar 2026) | -51.0% (Nov 2021→Oct 2025) |

## Peers (Apparel Manufacturing)
FIGS (FIGS, Inc.) USD 20.46 +2.40% · ZGN (Ermenegildo Zegna N.V.) USD 13.85 +7.20% · PVH (PVH Corp.) USD 84.26 +0.80% · KTB (Kontoor Brands, Inc.) USD 77.78 +3.61% · UAA (Under Armour, Inc.) USD 4.88 +4.50% · VFC (V.F. Corporation) USD 17.48 +1.92%

## More
Full page: https://nexqual.com/COLM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Apparel, Accessories and Equipment | $497.4M | 81.0% | +0.6% |
| Footwear | $117.0M | 19.0% | +5.5% |
| Total revenue | $614.4M | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $320.1M | 52.1% | -4.5% |
| EMEA | $143.1M | 23.3% | +9.6% |
| LAAP | $125.9M | 20.5% | +12.1% |
| Canada | $25.2M | 4.1% | -7.4% |
| Total revenue | $614.4M | 100% | — |

## Company outlook (8-K filed 2026-07-30)

- "Full Year 2026 Financial Outlook The following forward-looking statements reflect our expectations as of July 30, 2026 and are subject to significant risks and business uncertainties, including those factors described under "Forward-Looking Statements" below."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.28 | $1.55 | -17.3% | $938.6M | 7 |
| Next quarter (ends 2026-12-31) | $2.24 | $2.04 | +9.8% | $1.12B | 7 |
| Current fiscal year (ends 2026-12-31) | $4.71 | $3.85 | +22.2% | $3.46B | 6 |
| Next fiscal year (ends 2027-12-31) | $4.18 | $4.23 | -1.3% | $3.57B | 8 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±9.1%; last 8 reports averaged ±8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 39.3% | ±9.1% |
| 2026-12-18 | 56 | 39.7% | ±12.4% |
| 2027-01-15 | 84 | 37.8% | ±14.3% |
| 2027-04-16 | 175 | 37.7% | ±20.3% |