Apparel & textiles

15 companies · $89.8B combined revenue · $9.9B operating profit

The typical US-listed apparel & textiles company grew revenue 4.9% and earnings 10.4% in its latest year, at a 10.7% operating margin, and 5 of 15 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.

4.9%Median revenue growth
10.4%Median earnings growth
3.8%Median revenue growth, 3 yrs
17.4%Median earnings growth, 3 yrs
10.7%Median operating margin
8.9%Median ROCE

Growth engines: the 4 Cylinders

All four working: 9% of companies

A company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.

  • Sales growth · Revenue up 10% or more33%
  • Operating leverage · Operating income growing faster than a growing revenue50%
  • Margin expansion · Operating margin up 1 point or more40%
  • Debt reduction · Debt down 5% or more, or net cash42%

Combined revenue · 14 companies reporting in US dollars

Revenue
$0$25B$50B$75B$100BFY21FY22FY23FY24FY25

Combined operating margin

Operating margin
0%5%10%15%FY21FY22FY23FY24FY25

All 15 companies

Median–4.9%10.4%10.7%8.9%0.46x
CTASCintas$11.3B8.9%▲10.4%23.1%▲33.2%▲0.47x▼
RLRalph Lauren$8.1B14.6%▲26.7%▲14.5%▲19.9%▲0.44x▲
ASAmer Sports$6.6B26.7%▲462%▲10.7%▲8.9%0.14x▲
LULUlululemon athletica$11.1B4.9%-13%▼19.9%▲33.7%▲–
MHKMohawk Industries$10.8B-0.5%▼-28.1%▼4.5%▼4.5%▼0.24x▲
GILGildan Activewear$3.6B10.7%▲-0.5%▼17.1%▲7.5%▼1.21x▼
LEVILEVI Strauss$6.3B4.1%▼175%▲10.8%▲14.1%▲0.46x▲
VFCV F$9.6B1.1%▼–6%▼8.1%▼1.90x▼
KTBKontoor Brands$3.2B20.9%▲-7.5%▼10.7%16.9%▲2.02x▼
PVHPVH$9.0B3.4%▼-95.8%▼2.6%▼2.5%▼0.48x▼
ZGNErmenegildo ZegnaEUR 1.9B-1.5%▼20.5%▲7.3%▼6.7%▼0.24x▲
FIGSFIGS$631M13.6%▲1159%▲6%▼7.8%▼–
COLMColumbia Sportswear$3.4B0.9%▼-20.6%▼6.1%▼9.6%▲–
UAAUnder Armour$5.0B-3.8%▼–-3.3%▼-6%▼0.84x▼
TILEInterface$1.4B5.4%▲33.5%▲11.8%▲16.9%▲0.28x▲

▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).