GILNYSEApparel & Other Finishd Prods of Fabrics & Similar MatlFiscal year ends January 3
Gildan Activewear Inc.
Financials through fiscal 2025, year ended Dec 28, 2025Last filing: 40-F on Feb 26, 2026
$40.86−0.08 (-0.20%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 15.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
31.2%+18.6 pts over 5 years
Operating margin
17.1%+26.3 pts over 5 years
Net margin
11.0%+22.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.7% | +3.8% | +12.8% | – | |
| Gross profit | +12.6% | +4.4% | +35.3% | – | |
| Operating income | +0.3% | +0.9% | – | – | |
| Net income | -0.5% | -9.7% | – | – | |
| EPS, diluted | +6.1% | -3.8% | – | – | |
| Free cash flow | +40.4% | +42.1% | +6.5% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 16.1% | -13.3% | 15.9% | |
| Return on assets | – | -7.2% | 5.6% | |
| Current ratio | 5.68 | 4.29 | 2.11 | |
| Debt to equity | 0.28 | 0.64 | 1.21 | |
| Net debt to EBITDA | 1.10× | -14.70× | 5.25× | |
| Inventory turnover | – | 1.9× | 1.4× | |
| Capex to revenue | 5.0% | 2.6% | 2.9% | |
| Diluted shares | 236M | 198M | 153M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Gildan Activewear generated $2.69B from operations and spent $1.44B on capital expenditure, dividends and share buybacks. 57% of that went back into the business.
Generated
$2.69B
Used
$1.44B
Capital expenditure$821.64M57%Dividends$614.73M43%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.0%
×Asset turnover0.51×
×Equity multiplier2.83×
=Return on equity, FY202515.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 11.0% | 0.51× | 2.83× | 15.9% |
| FY2024 | 12.3% | 0.90× | 2.12× | 23.5% |
| FY2023 | 16.7% | 0.92× | 1.81× | 27.8% |
| FY2022 | 16.7% | 0.99× | 1.73× | 28.5% |
| FY2021 | 20.8% | 0.95× | 1.77× | 34.9% |
| FY2020 | -11.4% | 0.64× | 1.84× | -13.3% |
| FY2019 | 9.2% | 0.91× | 1.65× | 13.8% |
| FY2018 | 12.1% | 0.97× | 1.50× | 17.6% |
| FY2017 | 13.2% | 0.92× | 1.43× | 17.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$398.88M
- Cash generatingOperating cash flow above zero$606.32M
- Return on assets improvedROA up on the prior year11.4% → 10.7%
- Earnings backed by cashOperating cash flow above net income$606.32M vs $398.88M
- Less leverageLong-term debt to assets fell33.3% → 36.9%
- Better liquidityCurrent ratio rose2.22 → 2.11
- No dilutionShare count did not rise163M → 153M
- Gross margin improvedGross margin up on the prior year30.69% → 31.22%
- More efficientAsset turnover rose0.93 → 0.97