Impacted by tariffs, inflation, and macroeconomic uncertainty across the globe, some companies managed 2025’s challenges more successfully than others, as the industry’s aggregate profit margin compressed 170 basis points to 6.3% from 8.0%. Total revenues for our basket of public sporting goods companies across sectors improved 4% in dollars to $285,250.3 million from $275,345.2 million, but net income for the same group was off 18% to $18,106.7 million from $21,952.8 million. All sectors posted sales growth, but only hardgoods companies grew profits last year, helped by large swings at several companies.

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