Net income of Adidas and Puma 2006-2019

In 2019, Adidas had a net income of 1.98 billion euros, in comparison Puma’s net income amounted to 68.5 million euros. Adidas and Puma are two of the largest and most recognizable sports companies in the world. Both companies hold a noteworthy volume share of the highly fragmented and saturated clothing and apparel market.

Background of Adidas & Puma

Both sporting goods manufacturers originate from Germany. Adidas and Puma used to be one company named Gebrüder Dassler Schuhfabrik (Dassler Brothers Shoe Factory), established by two brothers, Adolf and Rudolf Dassler in the 1920s. 24 years after the foundation of this company, the Dassler brothers separated over an argument, leading to the creation of two distinct companies. Adolf Dassler set up Adidas, while his brother Rudolf established Puma. Since then, both companies have developed into multinational companies, generating billions of euros in revenues annually. They remain strong competitors, as both design and manufacture footwear, apparel, and accessories.

How do these companies compare with market leader Nike?

Nike’s net income of over four billion U.S. dollars was significantly higher than that of adidas in 2019. Nike is the world's leading athletic apparel brand, dwarfing their nearest competitor adidas in terms of brand value.

Net income of sports equipment manufacturers Adidas and Puma from 2006 to 2019 (in million euros)*

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Release date

March 2020



Survey time period

2006 to 2019

Supplementary notes

*PUMA figures come from the company's yearly group management report. 2018's report can be found here.
** Figure for Adidas excludes a goodwill impairment of 265 million euro.

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