The 9 World's Biggest Sport Apparel Corporations
The 9 World's Biggest Sport Apparel Corporations
The 9 World’s Biggest Sport
Apparel Corporations – There are 9 Biggest Sport Apparel
Corporations in the World of 2024. This data is obtained from the 2024
annual report published by each sport apparel corporation. Specifically, the
rank is based on the profitability of the Corporations. The bigger the profit
that they have gotten and the higher rank they will get. Meanwhile, we also rank the variable of total assets and total
liabilities obtained from Balance sheet, financial statements of annual report
2024. The total assets and liabilities describe the financial structure and
conditions of the corporation in running their business in 2024.
These sport apparel corporations certainly have a large market share for selling sports apparel products. In the advertising and marketing aspects, obviously, we can see their logos in several mass media and electronics too and their products are also attached to famous professional sports athletes or clubs. Finally, they also sacrifice millions of money annually to advert their products and increase their brand awareness to people all over the world.
In 2024, after the global recession in some
countries, these sport apparel corporations struggle to increase their sales.
Many dynamics conditions influence the corporation’s performance. Because some
countries face economic recession and expanding unemployment, they need to
struggle with innovative ideas and breakthroughs. In terms of their
performance in 2024, here are the ranks of these biggest sport apparel
corporations and it is based on the amount of net profit generated by the
corporation in 2024.
The Rank of 9 World's Biggest Sport Apparel Corporations Based on Net Income in 2024
|
Rank |
Name of Corporations |
Total Revenue |
Total Revenue |
Net Income |
Net Income |
|
Origin Currency |
US Dollar |
Origin Currency |
US Dollar |
||
|
1 |
Nike |
USD 51.3 billion |
USD 51.3 billion |
USD 5.7 billion |
USD 5.7 billion |
|
2 |
Adidas |
EUR 23.6 billion |
USD 26.1 billion |
EUR 0.764 billion |
USD 0.84 billion |
|
3 |
Li-Ning |
RMB 28.6 billion |
USD 4 billion |
RMB 3 billion |
USD 0.42 billion |
|
4 |
Asics |
USD 4.3 billion |
USD 4.3 billion |
USD 0.407
billion |
USD 0.407
billion |
|
5 |
Puma |
EUR 8.8 billion |
USD 9.76 billion |
EUR 0.281
billion |
USD 0.31 billion |
|
6 |
Under Armour |
USD 5.7 billion |
USD 5.7 billion |
USD 0.23 billion |
USD 0.23 billion |
|
7 |
Fila |
KRW 4.2 trillion |
USD 3 billion |
KRW 207 billion |
USD 0.15 billion |
|
8 |
Mizuno |
JPY 240 billion |
USD 1.7 billion |
JPY 15.4 billion |
USD 0.10 billion |
|
9 |
Yonex |
JPY 138 billion |
USD 0.98 billion |
JPY 10.6 billion |
USD 0.07 billion |
|
Source: Annual Report,
2024 |
|||||
|
Currency Rates: |
|||||
|
1 Euro (EUR) = 1.11 US
Dollar (USD) |
|||||
|
1 Yuan Renminbi (CNY)
= 0.14 US Dollar (USD) |
|||||
|
1 Korean Won (KRW) =
0.00072 US Dollar (USD) |
|||||
|
1 Japanese Yen (JPY) =
0.0071 US Dollar (USD) |
|||||
|
Origin Currency - The
Currency that Officially Used in Annual Report of 2024 |
|||||
|
US Dollar- The
Converted Currency from Origin Currency to US Dollar with Currency Standard
Above |
|||||
Regarding the Corporation’s profit, of course, it
will be different from one another depending on its performance in that year.
Regarding the Corporation’s financial condition, we also rank the additional
data related to the corporation’s total assets and total liabilities. These are
taken from the Balance Sheet of the annual report in 2024.
The Rank of 9 World's Biggest Sport Apparel Corporations Based on Total Assets in 2024
|
Rank |
Name
of Corporations |
Total
Assets |
Total
Assets |
Total
Liabilities |
Total
Liabilities |
|
Origin
Currency |
US
Dollar |
Origin
Currency |
US
Dollar |
||
|
1 |
Nike |
USD
38.1 billion |
USD
38.1 billion |
USD
23.7 billion |
USD
23.7 billion |
|
2 |
Adidas |
EUR
20.6 billion |
USD
22.8 billion |
EUR
14.7 billion |
USD
16.3 billion |
|
3 |
Puma |
EUR
7.1 billion |
USD
7.8 billion |
EUR
4.3 billion |
USD
4.7 billion |
|
4 |
Li-Ning |
RMB
35.7 billion |
USD
4.9 billion |
RMB
9.6 billion |
USD
1.3 billion |
|
5 |
Under
Armour |
USD
4.7 billion |
USD
4.7 billion |
USD
2.6 billion |
USD
2.6 billion |
|
6 |
Fila |
KRW
5.5 trillion |
USD
3.9 billion |
KRW
2.8 trillion |
USD
2 billion |
|
7 |
Asics |
USD
3.3 billion |
USD
3.3 billion |
USD
1.8 billion |
USD
1.8 billion |
|
8 |
Mizuno |
JPY
218 billion |
USD
1.54 billion |
JPY
61.3 billion |
USD
0.43 billion |
|
9 |
Yonex |
JPY
109 billion |
USD
0.77 billion |
JPY
40 billion |
USD
0.28 billion |
|
Source:
Annual Report, 2024 |
|||||
|
Currency
Rates: |
|||||
|
1
Euro (EUR) = 1.11 US Dollar (USD) |
|||||
|
1
Yuan Renminbi (CNY) = 0.14 US Dollar (USD) |
|||||
|
1
Korean Won (KRW) = 0.00072 US Dollar (USD) |
|||||
|
1
Japanese Yen (JPY) = 0.0071 US Dollar (USD) |
|||||
|
Origin
Currency - The Currency that Officially Used in Annual Report of 2024 |
|||||
|
US
Dollar- The Converted Currency from Origin Currency to US Dollar with
Currency Standard Above |
|||||
Of course, many giant corporations in the sports
apparel industry compete
with each other. They try to become a leading
corporation with different product specifications and markets. Here are some
brief descriptions related to the sport apparel corporation’s financial
condition, which are summarized from the annual reports of the Corporations
above.
Brief Description of 9 World's Largest Sport Apparel Corporations in 2024
1.Nike
Nike is a multinational Corporation from the
United States that operates in the design, development, manufacturing, and
marketing of sports apparel products ranging from footwear, clothing,
equipment, to sports and fashion accessories worldwide. Until now, operationally,
the Corporation’s headquarters are in Beaverton, Oregon, Portland,
United States.
Based on its history, Nike was founded on January 25, 1964, originally with the name
of “Blue Ribbon Sports” by Bill Bowerman and Phil Knight, and officially
changed its name to Nike, Inc. on May 30, 1971. The name “Nike” came
from the philosophy of the goddess Nike, which symbolizes the goddess
of victory and fame from the ancient Greeks. Globally, many Nike products are sold into different series of its
products, namely Nike Golf, Nike Pro, Nike+, Air Jordan, Nike Blazers, Air
Force 1, Nike Dunk, Air Max, Foamposite, Nike Skateboarding, Nike CR7 to
Converse. In 2024, Nike employed a total of more than 74 thousand employees
throughout the world with nine official retail
stores reaching more than 700 spread throughout the world. As of 2025, Nike Inc
holds and manages some popular apparel brands including Nike
brand, Air Jordan, and Converse.
In 2024, financially obtained from income
statements of 2024 Nike’s annual report, Nike earned total revenues of USD 51.3
billion, with a net profit of USD 5.7 billion. With this business performance, Nike still becomes the world's biggest sport
apparel corporation in the world of 2024 compared to others. In terms of
financial position obtained from the balance sheet, 2024 Nike’s annual report, Nike has total assets of
around USD 38.1 billion with total liabilities of around USD 23.7 billion.
In general, in sports industries, Nike
is still heavily involved in sponsorship activities at leading
sporting events, sports clubs, and stars. The leading sports tournaments
sponsored by Nike include the NBA basketball league (supplying
all NBA club jerseys) and several European leagues/ tournaments. While
sports clubs sponsored by Nike are Barcelona, Liverpool, Paris Saint Germain, and leading sports
stars are also endorsed by Nike such as Michael Jordan, Lebron James,
Christiano Ronaldo, Ronaldinho, Roger Federer, to
Rafael Nadal.
2.Adidas AG
Adidas AG is a German multinational apparel
Corporation, founded and headquartered in Herzogenaurach, Germany. This
corporation is a leading corporation that designs and manufactures shoes,
clothing, and sports accessories. Until now, Adidas is one of the world’s
biggest sport apparel corporations popular with the Adidas brands.
Historically, Adidas’ business journey began with
a family partnership between Adolf Dassler and his
brother Rudolf Dassler in 1924 under the name Gebrüder
Dassler Schuhfabrik (“Dassler Brothers Shoe Factory”). Over time, due
to the conflict between Adolf Dassler and Rudolf Dassler in 1949, they agreed
to separate and establish their own business. Adolf founded Adidas, and Rudolf
founded Puma. These two Corporations are still competing to this day.
Adidas is famous for “three
stripes” logo. This logo has been used on the Corporation’s
clothing and shoe designs as a marketing tool that Adidas purchased in 1952
from the Finnish sports Corporation namely Karhu Sports. The existence
of this logo symbolizes a symbol of success, so Dassler describes Adidas as
a “three stripes corporation”. Along
with the Corporation’s business development, the Corporation has 2500 retail
stores spreading across the nations. Until 2024, financially, Adidas earned EUR
23.6 billion in total revenue or equivalent with USD 26.1 billion,
and gaining net income of EUR 0.764 billion or equivalent with USD 0.84
billion. In terms of financial position, total assets of Adidas in 2024 reached
EUR 20.6 billion or equivalent to USD 22.8 billion with total liabilities of
around EUR 14.7 billion or equivalent to USD 16.3 billion.
Of course, as ordinary people, many of us are
familiar with Adidas because it has sponsored many well-known sports clubs and
athletes. In the field of football, some leading soccer clubs are sponsored by
Adidas such as Manchester United, Bayern Munich, Liverpool FC, Arsenal FC, Real
Madrid, Juventus, and several other big clubs. In addition to several football
clubs, several sports stars which have a business agreement with
Adidas such as Lionel Messi, Mohammed Salah, Paul Pogba, Zinedine
Zidane, David Beckham, James Harden (Basketball), to Andy Murray (tennis).
3.Li-ning
Li-Ning Corporation Limited is a sportswear and
sports equipment Corporation from China. Historically, Li Ning, who is a former
Chinese Olympic gymnast, founded this Corporation in 1990. Nowadays,
Li Ning has become the Executive Chairman. Operationally, the Corporation is
still headquartered in Beijing, China. Until now, several athletes sponsored by
Li-Ning include Dwane Wade, Shaquille O’Neal, and Jimmy
Butler. Furthermore, Li-Ning also sponsored several sporting events such as
the 2007 AFC Asian Cup and 2008 AFF Championship, and several World Badminton
Championships tournaments.
Although the Corporation is relatively new, it has
made satisfactory progress by achieving some positive performances in its
business. In 2024, financially, this Corporation gained revenue equivalent to
RMB 28.6 billion or equivalent to USD 4 billion with net income / profit
reaching RMB 3 billion or equivalent to USD 0.42 billion. In terms of financial
position, total assets of Li-Ning in 2024 reached RMB 35.7 billion or
equivalent to USD 4.9 billion with total liabilities of around RMB 9.6 billion
or equivalent to USD 1.3 billion.
4.FILA
Fila Holdings Corp (FILA) is a sportswear manufacturer that designs shoes and clothing founded by Ettore and Giansevero Fila in 1911 in Biella, Piedmont, Italy. In 2003, the corporation was sold to United States-based Sports Brand International but, in 2007, Fila Korea acquired the Corporation. As a result of this acquisition, the Corporation’s head office was also moved. Initially, the Corporation was headquartered in Biella, Piedmont, Italy from 1911 to 2007. However, since it was acquired by FILA Korea, the Corporation’s head office has moved to Seoul, South Korea.
Along with financial conditions and business
performance in 2024, Fila earned total revenues of KRW 4.2 trillion or
equivalent to USD 3 billion with a net income or profit reaching KRW 207
billion or equivalent to USD 0.15 billion. In terms of financial position,
total assets of Fila in 2024 reached KRW 5.5 trillion or equivalent to USD 3.9
billion with total liabilities of around KRW 2.8 trillion or equivalent to USD
2 billion. Furthermore, in the sport industry,
FILA has some business agreements
and partnership with some famous sports stars such as Boris Becker,
Grant Hill, and Jerry Stackhouse.
5.Puma
Puma SE, also known as Puma, is a German
multinational Corporation that designs and manufactures sports apparel such as
footwear, apparel, and accessories. The Corporation still has a central
office in Herzogenaurach, Bavaria, Germany. Based on its history, Rudolf
Dassler founded this Corporation in 1948 and internally, Rudolf was the sibling
with Adolf Dassler (the founder of Adidas).
Over time, this Corporation has experienced rapid
development by employing around 14 thousand employees throughout the world. In
2024, financially, this Puma successfully gained total revenues of around EUR
8.8 billion or equivalent to USD 9.76 billion with a net profit of EUR 0.281
billion or equivalent to USD 0.31 billion. In terms of financial position in
2024, Puma has total assets of around EUR 7.1 billion or equivalent to USD 7.8
billion with total liabilities of around EUR 4.3 billion or equivalent to USD
4.7 billion.
Commonly, in the sport apparel industry, Puma has
endorsed some of the famous sports stars to become the Puma’s brand ambassador
including Neymar, Gianluigi Buffon, Sergio Agüero, Antoine Griezmann,
Marco Reus, Romelu Lukaku, Luis Suárez, David Silva. Several leading football
clubs are also becoming the partners of this Puma such as A.C. Milan, Borussia
Dortmund, Manchester City F.C., Olympique de Marseille, and Valencia CF.
6. Mizuno
Mizuno Corporation is a Japanese sports equipment
and sportswear Corporation founded in Osaka in 1906 by Rihachi Mizuno
and his younger brother Rizo. Historically, they started selling their own
products in 1907. To date, Mizuno is a global corporation that manufactures a
wide range of sports equipment and sportswear, for golf, tennis, baseball,
volleyball, soccer, running, rugby, skiing, swimming, cycling, judo, table
tennis, badminton, boxing, and athletics. Regarding the popularity of the
Corporation’s brand, several famous sports stars have
some business agreement with Mizuno such as Pablo Aimar, Roberto
Carlos, Hulk, Fernandinho, and Rivaldo.
7. Yonex
The Yonex was founded in 1946 by Minoru Yoneyama
as a manufacturer of wooden buoys for fishing nets. However, the Corporation
exited from this market due to the invention of plastic buoys. This
moment shows Yoneyama’s commitment to go forward in terms of
development of technology.
In 1957, Yoneyama started making badminton rackets for another Corporation. It was not until 1961 that the first
racket was introduced, and in the next two years an export corporation was
founded to help distribute its rackets around the world. In 1969, the Corporation started manufacturing
aluminum badminton rackets and the application of technologies also in the
tennis rackets in 1971. The Corporation started experimenting with graphite
shafts for both tennis and badminton racket types and found that this
technology would also be useful for golf clubs.
Several professional athletes have some
business agreement/ endorsement with this Corporation, such as
tennis star Martina Navratilova and several national badminton
athletes such as Liem Swie King, Kevin Sanjaya Sukamuljo, Marcus Fernaldi
Gideon, Candra Wijaya to Taufik Hidayat.
Financially, in 2024, the Yonex
successfully obtained total revenue of JPY 138 billion or equivalent
to USD 0.98 billion, with net income or profit of JPY 10.6 billion or
equivalent to USD 0.07 billion. Furthermore, related to financial position,
Yonex has total assets of around JPY 109 billion or equivalent to USD 0.77
billion with total liabilities of around JPY 40 billion or equivalent to USD
0.28 billion.
8.Asics
ASICS (アシックス Ashikkusu)
or ASICS Ltd. started the business with the initial name Onitsuka Co.,
Ltd on September 1, 1949. Kihachiro Onitsuka found
this Corporation. Along with the journey, in 1950, the Corporation started
producing basketball shoes at its home in the city of Kobe, Hyogo Prefecture,
Japan. Historically, the name Onitsuka was later changed to ASICS and
ASICS itself is an abbreviation of the Latin “Anima Sana in Corpore Sano”
which means in a healthy body, there is a strong soul. As of 2025, this
Corporation makes various sports apparel products, such as footwear,
sportswear, and several other sportswear.
Financially, in 2024, Asics successfully
generated total revenue of USD 4.3 billion and net income of USD 0.407 billion.
Related to financial position, Asics has total assets of around USD
3.3 billion or equivalent to USD 3.3 billion with total liabilities of around
USD 1.8 billion.
9.Under Armour
Under Armour, Inc. is an American sports equipment
Corporation that manufactures footwear, sportswear, and casual wear.
Historically, Kevin Plank founded this Corporation on September 25, 1996. Until
now, the Corporation’s head office was in Baltimore, Maryland, United
States. In assisting the marketing activities of their products, Under
Armour has a business partnership with several professional athletes.
Some football player Memphis Depay, Granit Xhaka, basketball
star Stephen Curry and boxer Anthony Joshua are
some of the professional athletes who becomes the brand ambassador of Under
Armour.
In terms of marketing, the Corporation has also
opened marketing offices in major world cities Amsterdam, Munich, Shanghai,
Guangzhou, Hong Kong; Jakarta, Tokyo, and Sydney. Furthermore, related to
financial conditions, in 2024, this Under Armour recorded total revenues
of USD 5.7 billion and gained net income of 0.23 billion Dollar. In the
financial position aspects, Under Armour has a total asset of around
USD 4.7 billion with total liabilities of around USD 2.6 billion.
The Summary of World’s Biggest Sport Apparel Corporations based on Net Income in 2024
The Summary of World’s Biggest Sport Apparel Corporations based on Total Assets in 2024
Source References of 9 Biggest Sport Apparel Corporations in the World of 2024
Nike. 2025. Annual Report 2024.
Accessed March 11, 2025, via https://investors.nike.com/Home/default.aspx
Adidas. 2025. Annual Report 2024. Accessed on
March 13, 2025, via https://report.adidas-group.com/2024/en/
Li-ning. 2025. Annual Report 2024. Accessed on
March 13, 2025, via https://ir.lining.com/en/ir/reports.php
FILA. 2025. Annual Report 2024. Accessed on March
13, 2025, via https://www.filaholdings.com/en/invest/ir.asp
Puma. 2025. Annual Report 2024. Accessed March 13,
2025, via https://about.puma.com/en/investor-relations/financial-reports
Mizuno. 2025. Annual Report 2024. Accessed March
13, 2025, via https://corp.mizuno.com/en/investors
Yonex. 2025. Annual Report 2024. Accessed March
13, 2025, via https://www.yonex.co.jp/Corporation/en/ir/material/
Jasics. 2025. Annual Report 2024. Accessed March
13, 2025, via https://corp.asics.com/en/investor_relations/library/annual-reports
Under Armor. 2025. Annual Report 2024. Accessed
March 13, 2025, via https://about.underarmour.com/en-us/investors/financials/annual-reports.html
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