COLUMBIA SPORTSWEAR COMPANY

COLM · Consumer Discretionary · FY2025 filings · · Narrow moat ·

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Narrow moat
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The five investor questions

34

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $3.1B to $3.4B, increasing; diluted EPS 5.33 to 3.24, decreasing.

84

Median gross margin 49.5% over 10y, very stable.

93

Median ROIC 19.2%, above the 12% hurdle in 90% of years.

100

Net cash position — no leverage risk.

36

Owner earnings changed -1.4%/yr over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
$255M
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$57.70
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 240% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 15, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 4% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

18 years of fundamentals

The business, in plain English

COLUMBIA SPORTSWEAR COMPANY booked $3.4B of revenue in FY2025 in the Consumer Discretionary sector and kept 50.5% of it as gross profit — a solid-margin business by that measure. After every other cost, 5.2% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $1.2B (FY2009) to $3.4B (FY2025) — about 6.5% a year compounded over 16 years.

It earned 12.6% on invested capital in the latest filed year, FY2025. Across the full 17-year measurable filed record, median ROIC was 15.3%. Over the v3 recent window (10 measurable filed years), median ROIC was 19.2%. The Returns on Capital filter above scores it 93/100.

COLM's latest filed year, FY2025, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Balance-Sheet Safety is the strongest of the five filters (100/100) and Business Trend the weakest (34/100), which is how COLM lands at 69/100 — a Narrow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2008–FY2025 · 18 fiscal years, normalized from COLM’s SEC filings

Sales, as filed$3.4B FY2025
$0$2B2008201420202025
Revenue kept after cost of goods50.5% FY2025
0%20%40%2008201420202025
Standard ROIC or separately labeled Operating ROIC

Exact FY and FY-1 financing invested-capital inputs are required.

Exact FY and FY-1 financing invested-capital inputs are required.

Cash an owner could take out$177M FY2025
$0$200M$400M2008201420202025

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How COLUMBIA SPORTSWEAR COMPANY makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$3.4B · 100%Cost of revenue$1.7B · 49%Gross profit$1.7B · 51%Operating income$207M · 6%Income before tax$230M · 7%Income tax$52.4M · 2%Net income$177M · 5%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$3.4B100%
Cost of revenue$1.7B49%
$1.7B51%
$207M6%
Income before tax$230M7%
Income tax$52.4M2%
$177M5%
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
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Flagship explainer

What COLUMBIA SPORTSWEAR COMPANY owns — and owes

COLUMBIA SPORTSWEAR COMPANY's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$2.9B100%
Cash and equivalents$442M15%
Stockholders’ equity$1.7B58%
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set

Flagship explainer

What drives COLUMBIA SPORTSWEAR COMPANY’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity10%Tax burden77%net income ÷ pretax incomeInterest burden111%pretax ÷ operating incomeOperating margin6%operating income ÷ revenueAsset turnover1.15×revenue ÷ average assetsEquity multiplier1.69×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$177MFY2025
Income before tax$230MFY2025
Operating income$207MFY2025
$3.4BFY2025
Ending assets$2.9BFY2025
Beginning assets$3.0BFY2024
$1.7BFY2025
$1.8BFY2024
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
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Flagship explainer

Where COLUMBIA SPORTSWEAR COMPANY's cash went

COLUMBIA SPORTSWEAR COMPANY’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$283M100%
Depreciation and amortization$56.8M20%
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding COLUMBIA SPORTSWEAR COMPANY

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited18 not holding18/19 resolved1 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalNo position reportedNo position reported
Akre CapitalNo position reportedNo position reported
Baupost GroupNo position reportedNo position reported
Berkshire HathawayNo position reportedNo position reported
Brave Warrior AdvisorsNo position reportedNo position reported
Dodge & CoxNo position reportedNo position reported
First EagleNo position reportedNo position reported
FundsmithNo position reportedNo position reported
Gardner Russo & QuinnNo position reportedNo position reported
Gates Foundation TrustNo position reportedNo position reported
Mairs & PowerNo position reportedNo position reported
Markel / Markel-GaynerNo position reportedNo position reported
Oakmark / Harris AssociatesNo position reportedNo position reported
Polen CapitalNo position reportedNo position reported
Sequoia / Ruane CunniffNo position reportedNo position reported
Southeastern Asset ManagementNo position reportedNo position reported
Tweedy, BrowneNo position reportedNo position reported
Yacktman Asset ManagementNo position reportedNo position reported
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source:
37 SEC filings
  1. 13F-HR · Q1 2026Filing detailsAccession 0000813917-26-000038 · filed May 15, 2026
  2. 13F-HR · Q2 2026Filing detailsAccession 0000813917-26-000042 · filed Aug 14, 2026
  3. 13F-HR · Q1 2026Filing detailsAccession 0000860643-26-000003 · filed May 13, 2026
  4. 13F-HR · Q2 2026Filing detailsAccession 0000860643-26-000005 · filed Aug 13, 2026
  5. 13F-HR · Q1 2026Filing detailsAccession 0000905567-26-000002 · filed May 1, 2026
  6. 13F-HR · Q2 2026Filing detailsAccession 0000905567-26-000003 · filed Aug 11, 2026
  7. 13F-HR · Q1 2026Filing detailsAccession 0000919574-26-003132 · filed May 15, 2026
  8. 13F-HR · Q2 2026Filing detailsAccession 0000919574-26-005176 · filed Aug 14, 2026
  9. 13F-HR · Q1 2026Filing detailsAccession 0001061768-26-000007 · filed May 14, 2026
  10. 13F-HR · Q2 2026Filing detailsAccession 0001061768-26-000010 · filed Aug 13, 2026
  11. 13F-HR · Q1 2026Filing detailsAccession 0001096343-26-000044 · filed May 1, 2026
  12. 13F-HR · Q2 2026Filing detailsAccession 0001096343-26-000065 · filed Jul 31, 2026
  13. 13F-HR · Q1 2026Filing detailsAccession 0001104659-26-062592 · filed May 15, 2026
  14. 13F-HR · Q2 2026Filing detailsAccession 0001104659-26-097175 · filed Aug 14, 2026
  15. 13F-HR · Q1 2026Filing detailsAccession 0001112520-26-000009 · filed May 14, 2026
  16. 13F-HR · Q2 2026Filing detailsAccession 0001112520-26-000014 · filed Aug 14, 2026
  17. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001819 · filed May 14, 2026
  18. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001911 · filed May 14, 2026
  19. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001966 · filed May 14, 2026
  20. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-002294 · filed May 15, 2026
  21. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003035 · filed Aug 4, 2026
  22. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003402 · filed Aug 13, 2026
  23. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003496 · filed Aug 14, 2026
  24. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003728 · filed Aug 14, 2026
  25. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-208439 · filed May 6, 2026
  26. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-223352 · filed May 14, 2026
  27. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-226661 · filed May 15, 2026
  28. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-340443 · filed Aug 7, 2026
  29. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-349535 · filed Aug 13, 2026
  30. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-352200 · filed Aug 14, 2026
  31. 13F-HR/A · Q1 2026 · Amendment RESTATEMENTFiling detailsAccession 0001325447-26-000018 · filed May 14, 2026
  32. 13F-HR · Q2 2026Filing detailsAccession 0001325447-26-000020 · filed Aug 5, 2026
  33. 13F-HR/A · Q2 2026 · Amendment NEW HOLDINGSFiling detailsAccession 0001325447-26-000033 · filed Aug 24, 2026
  34. 13F-HR · Q1 2026Filing detailsAccession 0001398344-26-009296 · filed May 15, 2026
  35. 13F-HR · Q2 2026Filing detailsAccession 0001398344-26-014641 · filed Aug 14, 2026
  36. 13F-HR · Q1 2026Filing detailsAccession 0001569205-26-000005 · filed May 15, 2026
  37. 13F-HR · Q2 2026Filing detailsAccession 0001569205-26-000012 · filed Aug 14, 2026
· event Jun 30, 2026 · retrieved Oct 15, 2026

Flagship explainer

What COLUMBIA SPORTSWEAR COMPANY insiders reported

Records still being gathered — partial as of retrieval Oct 15, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

28 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale69.4 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Oct 15, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Oct 15, 2026.

154 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.

Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (30 versus 0). The filing codes alone do not establish that every such row arose from a compensation plan.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

InsiderShares owned afterDateFiling detail
Bragdon Peter JPresidentExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event157Not disclosedNot disclosed29,003Oct 1, 2026
1 filed lot
  • Table I · Common Stock: 157 shares at Not disclosed · code M · owned after 29,003 · Paired event: 157 Restricted Stock Units → 157 Common Stock ·
Bragdon Peter JPresidentPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock53$57.69$3,05828,950Oct 1, 2026
1 filed lot
  • Table I · Common Stock: 53 shares at $57.69 · code F · owned after 28,950 ·
Bragdon Peter JPresidentExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 1 paired event157—Exercise or conversion of derivative security (M)—785Oct 1, 2026
1 filed lot
  • Table II · Restricted Stock Units: 157 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 785 · Paired event: 157 Restricted Stock Units → 157 Common Stock ·
Bragdon Peter JPresidentExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events2,544Not disclosedNot disclosedSee lot detailSep 1, 2026
3 filed lots
  • Table I · Common Stock: 618 shares at Not disclosed · code M · owned after 27,747 · Paired event: 618 Restricted Stock Units → 618 Common Stock ·
  • Table I · Common Stock: 617 shares at Not disclosed · code M · owned after 28,364 · Paired event: 617 Restricted Stock Units → 617 Common Stock ·
  • Table I · Common Stock: 1,309 shares at Not disclosed · code M · owned after 29,673 · Paired event: 1,309 Restricted Stock Units → 1,309 Common Stock ·
Bragdon Peter JPresidentPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock827$56.81$46,98228,846Sep 1, 2026
1 filed lot
  • Table I · Common Stock: 827 shares at $56.81 · code F · owned after 28,846 ·
Bragdon Peter JPresidentExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 3 paired events2,544—Exercise or conversion of derivative security (M)—See lot detailSep 1, 2026
3 filed lots
  • Table II · Restricted Stock Units: 618 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,854 · Paired event: 618 Restricted Stock Units → 618 Common Stock ·
  • Table II · Restricted Stock Units: 617 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 3,081 · Paired event: 617 Restricted Stock Units → 617 Common Stock ·
  • Table II · Restricted Stock Units: 1,309 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 9,159 · Paired event: 1,309 Restricted Stock Units → 1,309 Common Stock ·
Kulok LisaEVP, COOExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events1,316Not disclosedNot disclosedSee lot detailSep 1, 2026
3 filed lots
  • Table I · Common Stock: 368 shares at Not disclosed · code M · owned after 7,690 · Paired event: 368 Restricted Stock Units → 368 Common Stock ·
  • Table I · Common Stock: 368 shares at Not disclosed · code M · owned after 8,058 · Paired event: 368 Restricted Stock Units → 368 Common Stock ·
  • Table I · Common Stock: 580 shares at Not disclosed · code M · owned after 8,638 · Paired event: 580 Restricted Stock Units → 580 Common Stock ·
Kulok LisaEVP, COOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock458$56.81$26,0198,180Sep 1, 2026
1 filed lot
  • Table I · Common Stock: 458 shares at $56.81 · code F · owned after 8,180 ·
Kulok LisaEVP, COOExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 3 paired events1,316—Exercise or conversion of derivative security (M)—See lot detailSep 1, 2026
3 filed lots
  • Table II · Restricted Stock Units: 368 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,104 · Paired event: 368 Restricted Stock Units → 368 Common Stock ·
  • Table II · Restricted Stock Units: 368 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,835 · Paired event: 368 Restricted Stock Units → 368 Common Stock ·
  • Table II · Restricted Stock Units: 580 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 4,054 · Paired event: 580 Restricted Stock Units → 580 Common Stock ·
LUTHER RICHELLE TEVP, CAO, Gen. CounselExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events1,468Not disclosedNot disclosedSee lot detailSep 1, 2026
3 filed lots
  • Table I · Common Stock: 375 shares at Not disclosed · code M · owned after 17,604 · Paired event: 375 Restricted Stock Units → 375 Common Stock ·
  • Table I · Common Stock: 377 shares at Not disclosed · code M · owned after 17,981 · Paired event: 377 Restricted Stock Units → 377 Common Stock ·
  • Table I · Common Stock: 716 shares at Not disclosed · code M · owned after 18,697 · Paired event: 716 Restricted Stock Units → 716 Common Stock ·
LUTHER RICHELLE TEVP, CAO, Gen. CounselPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock478$56.81$27,15518,219Sep 1, 2026
1 filed lot
  • Table I · Common Stock: 478 shares at $56.81 · code F · owned after 18,219 ·
LUTHER RICHELLE TEVP, CAO, Gen. CounselExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 3 paired events1,468—Exercise or conversion of derivative security (M)—See lot detailSep 1, 2026
3 filed lots
  • Table II · Restricted Stock Units: 375 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,124 · Paired event: 375 Restricted Stock Units → 375 Common Stock ·
  • Table II · Restricted Stock Units: 377 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,885 · Paired event: 377 Restricted Stock Units → 377 Common Stock ·
  • Table II · Restricted Stock Units: 716 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 5,007 · Paired event: 716 Restricted Stock Units → 716 Common Stock ·
BOYLE TIMOTHY PDirector, Chairman and CEO, 10% ownerGift (G)Table I · Disposed · Common Stock1,756—Gift (G)—9,875,315Aug 7, 2026
1 filed lot
  • Table I · Common Stock: 1,756 shares at — (Gift (G)) · code G · owned after 9,875,315 ·
Kulok LisaEVP, COOExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event319Not disclosedNot disclosed7,437Aug 3, 2026
1 filed lot
  • Table I · Common Stock: 319 shares at Not disclosed · code M · owned after 7,437 · Paired event: 319 Restricted Stock Units → 319 Common Stock ·
Kulok LisaEVP, COOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock115$58.65$6,7457,322Aug 3, 2026
1 filed lot
  • Table I · Common Stock: 115 shares at $58.65 · code F · owned after 7,322 ·
Kulok LisaEVP, COOExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 1 paired event319—Exercise or conversion of derivative security (M)—319Aug 3, 2026
1 filed lot
  • Table II · Restricted Stock Units: 319 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 319 · Paired event: 319 Restricted Stock Units → 319 Common Stock ·
Bragdon Peter JPresidentExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event464Not disclosedNot disclosed27,285Aug 3, 2026
1 filed lot
  • Table I · Common Stock: 464 shares at Not disclosed · code M · owned after 27,285 · Paired event: 464 Restricted Stock Units → 464 Common Stock ·
Bragdon Peter JPresidentPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock156$58.65$9,14927,129Aug 3, 2026
1 filed lot
  • Table I · Common Stock: 156 shares at $58.65 · code F · owned after 27,129 ·
Bragdon Peter JPresidentExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 1 paired event464—Exercise or conversion of derivative security (M)—464Aug 3, 2026
1 filed lot
  • Table II · Restricted Stock Units: 464 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 464 · Paired event: 464 Restricted Stock Units → 464 Common Stock ·

Source-event as of . Retrieved .

Track record

How COLUMBIA SPORTSWEAR COMPANY’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time scores 2011–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored COLM on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score100200500Indexed price · log scale (2012 = 100)201120142017202020232026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the 5 years COLM rated Wide-moat (2019, 2020, 2022, 2023 and 2025), the median forward total return that followed — measured only after each year’s filings were public — was:

  • 1 year −2% vs the S&P 500’s 24% (price basis) · median over 4 years
  • 3 years −10% vs the S&P 500’s 28% (price basis) · median over 3 years
  • 5 years −21% vs the S&P 500’s 83% (price basis) · median over 2 years

These are medians computed from the data, not a claim about any one year. The company figures are total returns (dividends reinvested); the S&P 500 is the price-only ^GSPC index, which excludes dividends and so understates the index — the gap flatters the company. A quality rating is not a return forecast, and past returns don’t predict future ones. Educational only, not investment advice.

Consumer Discretionary context

#78 of 487 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #76NGVC Natural Grocers by Vitamin Cottage, Inc.70.4 out of 100, Narrow moatNarrow moat
  2. #77MCD McDONALD’S CORPORATION69.9 out of 100, Narrow moatNarrow moat
  3. #79DG DOLLAR GENERAL CORP69.2 out of 100, Narrow moatNarrow moat
  4. #80JILL J.Jill, Inc.69.2 out of 100, Narrow moatNarrow moat

Compare COLM with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about COLM

Does COLUMBIA SPORTSWEAR COMPANY have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores COLUMBIA SPORTSWEAR COMPANY (COLM) 69.4 out of 100 — a Narrow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 34, pricing power 84, returns on capital 93, balance-sheet safety 100, capital allocation 36.
How has COLM's Moat Score changed over time?
The record logs 28 readings since Jul 17, 2026; the latest reads 69.4 out of 100 (narrow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.