Loading financials from SEC filings…
Apparel & textiles · Consumer Cyclical · Fiscal year ends Jan 3
Gildan Activewear reported revenue of $3.6B in the fiscal year ended Dec 2025, up 10.7% from the year before. Operating income was $620M, an operating margin of 17.1%, and net income was $399M. Operating cash flow of $606M less capital expenditure of $106M left free cash flow of $500M. Net debt was $4B.
Ranks among the 15 apparel & textiles companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 2,923 | 3,240 | 3,196 | 3,271 | 3,619 |
| Cost of revenue | 1,982 | 2,248 | 2,316 | 2,267 | 2,489 |
| Gross profit | 940 | 992 | 880 | 1,004 | 1,130 |
| Selling, general & admin | 314 | 326 | 330 | 391 | 389 |
| Operating income | 652 | 603 | 644 | 618 | 620 |
| Pre-tax income | 625 | 566 | 564 | 514 | 471 |
| Income tax | 17.4 | 24.9 | 30.6 | 113 | 77.3 |
| Net income | 607 | 542 | 534 | 401 | 399 |
| Diluted EPS | 3.07 | 2.93 | 3.03 | 2.46 | 2.61 |
| Diluted shares | 198 | 185 | 176 | 163 | 153 |
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 179 | 150 | 89.6 | 98.8 | 284 |
| Receivables | 330 | 249 | 412 | 542 | 956 |
| Inventory | 774 | 1,226 | 1,089 | 1,111 | 2,370 |
| Current assets | 1,447 | 1,727 | 1,688 | 1,859 | 4,710 |
| Net PP&E | 985 | 1,115 | 1,175 | 1,173 | 1,468 |
| Goodwill | 284 | 272 | 272 | 272 | 869 |
| Total assets | 3,137 | 3,440 | 3,515 | 3,715 | 10,465 |
| Payables | 440 | 471 | 408 | 490 | 1,264 |
| Current liabilities | 464 | 642 | 724 | 837 | 2,236 |
| Short-term debt | 0.0 | 150 | 300 | 300 | 450 |
| Long-term debt | 600 | 780 | 685 | 1,236 | 3,864 |
| Total liabilities | 1,217 | 1,558 | 1,557 | 2,258 | 6,903 |
| Shareholders' equity | 1,919 | 1,882 | 1,957 | 1,457 | 3,562 |
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 618 | 413 | 547 | 501 | 606 |
| Capital expenditure | 127 | 239 | 203 | 145 | 106 |
| Free cash flow | 490 | 174 | 343 | 356 | 500 |
| Depreciation & amortisation | 135 | 125 | 122 | 138 | 148 |
| Stock-based compensation | 37.7 | 32.4 | 27.1 | 64.5 | 67.8 |
| Acquisitions | 164 | −33.5 | 0.0 | 0.0 | 123 |
| Dividends paid | 90.5 | 124 | 132 | 133 | 135 |
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 10.9% | −1.4% | 2.3% | 10.7% |
| Operating income growth (YoY) | – | −7.4% | 6.7% | −4.0% | 0.3% |
| EPS growth (YoY) | – | −4.6% | 3.4% | −18.8% | 6.1% |
| Gross margin | 32.2% | 30.6% | 27.5% | 30.7% | 31.2% |
| Operating margin | 22.3% | 18.6% | 20.1% | 18.9% | 17.1% |
| Net margin | 20.8% | 16.7% | 16.7% | 12.3% | 11.0% |
| Return on equityBlank when equity is negative | 31.6% | 28.8% | 27.3% | 27.5% | 11.2% |
| ROCEEBIT ÷ (assets − current liabilities) | 24.4% | 21.6% | 23.1% | 21.5% | 7.5% |
| Free cash flow margin | 16.8% | 5.4% | 10.7% | 10.9% | 13.8% |
| Cash conversion (CFO ÷ net income) | 1.02x | 0.76x | 1.02x | 1.25x | 1.52x |
| Receivable days | 41 | 28 | 47 | 61 | 96 |
| Inventory days | 143 | 199 | 172 | 179 | 348 |
| Payable days | 81 | 77 | 64 | 79 | 185 |
| Debt ÷ equity | 0.31x | 0.49x | 0.50x | 1.05x | 1.21x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 421 | 780 | 895 | 1,437 | 4,029 |
| Current ratio | 3.12x | 2.69x | 2.33x | 2.22x | 2.11x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.