The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

ADS.DE

Concerning the House

adidas AG, together with its subsidiaries, designs, develops, produces, and markets a range of athletic and sports lifestyle products in Europe, Greater China, Japan, South Korea, Latin America, North America, and internationally. The company offers footwear and apparel, as well as accessories and gear, including bags, balls, sunglasses, and fitness equipment under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand. It sells its products through its own retail stores, mono-branded franchise stores, shop-in-shops, joint ventures with retail partners, and co-branded stores, as well as through its wholesale and e-commerce platforms. The company was formerly known as adidas-Salomon AG and changed its name to adidas AG in June 2006. adidas AG was founded in 1920 and is headquartered in Herzogenaurach, Germany.

Germany · www.adidas-group.com

The Ledger
LineJun 2025Sep 2025Dec 2025Mar 2026
Revenue$5.95B$6.63B$6.08B$6.59B
Gross profit$3.08B$3.44B$3.09B$3.37B
Operating income$547.00M$736.00M$164.00M$706.00M
Net income$369.00M$461.00M$81.00M$482.00M
Diluted EPS2.070.462.72
Free cash flow-$88.00M$522.00M$839.00M-$422.00M
CapEx-$106.00M-$119.00M-$187.00M-$72.00M
Quotation

$159.25

+0.75 (+0.5%)

52w hi$191.31
52w lo$128.44
Vol618.53K
As ofAug 13
The Verdict

Hold

Our score -0.03

Short-0.10
Medium-0.14
Long+0.34

computed 2026-08-13

By the Numbers

adidas AG

Consumer Cyclical · Footwear & Accessories

Market cap$27.88B
Enterprise value$32.56B
Trailing P/E20.42x
Forward P/E13.67x
EV / EBITDA12.22x
P / S (ttm)1.07x
Profit margin5.3%
Return on equity24.3%
Revenue growth+13.3%
Earnings growth-2.4%
Debt / equity94.13
Risk Metrics
Beta vs SPX0.31
Corr SPX0.15
Annual vol33.2%
Annual ret-8.3%
Sharpe-0.25
Max DD-47.0%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.46
Sector+0.01
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$160.35$160.70$157.05$159.25618.53K
Aug 12$161.40$161.40$158.05$158.50943.92K
Aug 11$166.30$167.90$161.00$162.20780.95K
Aug 10$164.00$167.90$163.70$167.35570.38K
Aug 7$164.80$165.80$162.95$164.05485.55K