Gildan Activewear Inc. (GIL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.12	$1.28	+14.3%	—	$1.6B	—
Q1 26	$0.35	$0.43	+22.9%	—	$1.2B	—
Q4 25	$0.95	$0.96	+1.1%	—	$1.1B	—
Q3 25	$0.98	$1	+2.0%	—	$910.6M	—
Q2 25	$0.96	$0.97	+1.0%	—	$918.5M	—
Q1 25	$0.57	$0.59	+3.5%	—	$711.7M	—
Q4 24	$0.81	$0.83	+2.5%	—	$821.5M	—
Q3 24	$0.85	$0.85	0.0%	—	$891.1M	—
Q2 24	$0.72	$0.74	+2.8%	—	$862.2M	—
Q1 24	$0.51	$0.59	+15.7%	—	$695.8M	—
Q4 23	$0.73	$0.75	+2.7%	—	$782.7M	—
Q3 23	$0.71	$0.74	+4.2%	—	$869.9M	—
Q2 23	$0.61	$0.63	+3.3%	—	$840.4M	—
Q1 23	$0.52	$0.45	-13.5%	—	$702.9M	—
Q4 22	$0.68	$0.65	-4.4%	—	$720M	—
Q3 22	$0.8	$0.84	+5.0%	—	$850M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.61	—	—	$3.6B	—
FY24	—	$2.46	—	—	$3.3B	—
FY23	—	$3.03	—	—	$3.2B	—
FY22	—	$2.94	—	—	$3.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.6B	$2.8B	$2.9B	$2.8B	$2B	$2.9B	$3.2B	$3.2B	$3.3B	$3.6B
YoY change	—	+6.41%	+5.73%	-2.91%	-29.8%	+47.5%	+10.9%	-1.38%	+2.34%	+10.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.6B	2.8B	2.9B	2.8B	2B	2.9B	3.2B	3.2B	3.3B	3.6B
Cost of revenue	1.9B	1.9B	2.1B	2.1B	1.7B	2B	2.2B	2.3B	2.3B	2.5B
Gross profit	719.7M	801.2M	806M	704.5M	249.1M	940.2M	992.4M	880.1M	1B	1.1B
Gross margin	27.8%	29.1%	27.7%	24.9%	12.6%	32.2%	30.6%	27.5%	30.7%	31.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	336.4M	377.3M	364.9M	340.5M	272.3M	314.2M	326.3M	330.4M	390.8M	389.4M
Operating expenses	336.4M	377.3M	364.9M	340.5M	272.3M	314.2M	326.3M	330.4M	390.8M	389.4M
Operating income	383.3M	423.9M	441M	364M	-23.2M	626M	666.2M	549.7M	612.9M	740.5M
Operating margin	14.8%	15.4%	15.2%	12.9%	-1.17%	21.4%	20.6%	17.2%	18.7%	20.5%
Non-operating income, net	-12.2M	-21.6M	-36.4M	-74.1M	-157.8M	25.1M	-60.4M	94M	8.8M	-114.7M
Pretax income	351.8M	376.8M	372.1M	249.8M	-229.4M	624.6M	566.4M	564.2M	514.1M	471.2M
Income tax	5.2M	14.5M	21.4M	-10M	-4.1M	17.4M	24.9M	30.6M	113.2M	77.3M
Net income	346.6M	362.3M	350.8M	259.8M	-225.3M	607.2M	541.5M	533.6M	400.9M	398.9M
Net margin	13.4%	13.2%	12.1%	9.2%	-11.4%	20.8%	16.7%	16.7%	12.3%	11%
EBITDA	517.5M	578M	591.6M	512.8M	109.3M	752.6M	780.6M	649M	728.9M	851.3M
EPS	1.47	1.62	1.66	1.27	-1.14	3.08	2.94	3.03	2.46	2.61
Diluted EPS	1.47	1.61	1.66	1.27	-1.14	3.07	2.93	3.03	2.46	2.61

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	869.9M	782.7M	695.8M	862.2M	891.1M	821.5M	711.7M	918.5M	910.6M	1.1B	1.2B	1.6B
Cost of revenue	630.7M	546.2M	484.7M	600.2M	613.5M	568.5M	489.7M	629.1M	604M	766.5M	887.6M	1.1B
Gross profit	239.2M	236.6M	211.1M	262M	277.6M	253M	221.9M	289.4M	306.6M	312M	278.4M	459.8M
Gross margin	27.5%	30.2%	30.3%	30.4%	31.2%	30.8%	31.2%	31.5%	33.7%	28.9%	23.9%	29.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	82.2M	88.3M	102.7M	123.6M	83.6M	78.3M	87.3M	81.7M	95.3M	125M	218.7M	193.8M
Operating expenses	82.2M	88.3M	102.7M	123.6M	83.6M	78.3M	87.3M	81.7M	95.3M	125M	218.7M	193.8M
Operating income	157M	148.3M	108.4M	138.3M	194M	174.7M	134.6M	207.6M	211.3M	186.9M	59.7M	265.9M
Operating margin	18.1%	18.9%	15.6%	16%	21.8%	21.3%	18.9%	22.6%	23.2%	17.3%	5.12%	16.8%
Non-operating income, net	-1.9M	29.3M	-4M	3.9M	-1.1M	7.5M	-3.8M	-7.4M	-18.8M	-84.7M	-61.6M	-89.5M
Pretax income	134.3M	156.9M	82.4M	116.9M	162.7M	152M	99.8M	167.5M	148.4M	55.5M	-68M	106.6M
Income tax	6.9M	3.6M	3.7M	58.5M	31.3M	19.7M	15.1M	29.6M	28.2M	4.3M	-13M	16.2M
Net income	127.4M	153.3M	78.7M	58.4M	131.5M	132.3M	84.7M	137.9M	120.2M	56.1M	-65.8M	-50M
Net margin	14.6%	19.6%	11.3%	6.77%	14.8%	16.1%	11.9%	15%	13.2%	5.2%	-5.64%	-3.16%
EBITDA	182.5M	172.9M	135.1M	169.2M	224.8M	202.3M	159.4M	239.6M	232.4M	219.9M	104.1M	322.7M
EPS	0.73	0.89	0.47	0.35	0.82	0.86	0.56	0.91	0.81	0.35	-0.36	-0.27
Diluted EPS	0.73	0.89	0.47	0.35	0.82	0.86	0.56	0.91	0.8	0.35	-0.36	-0.27

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	6B	7.2B	6.4B	6B	5.5B	8.4B	5B	5.8B	7.7B	9.6B	7.9B
Enterprise value	6.5B	7.8B	7B	6.9B	6.1B	8.9B	5.9B	6.8B	9.2B	13.9B	12.1B
Shares outstanding	235.8M	223.7M	211.3M	204.2M	197.6M	197.1M	184.2M	175.9M	163M	153M	153M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	17.3	19.9	18.3	23.2	—	13.8	9.32	10.9	19.1	24	32.9
P/S	2.31	2.63	2.21	2.13	2.79	2.86	1.56	1.82	2.34	2.64	1.66
P/B	2.82	3.52	3.31	3.29	3.55	4.35	2.68	2.97	5.26	2.68	2.35
EV/EBITDA	12.6	13.5	11.9	13.4	55.9	11.8	7.59	10.5	12.7	16.3	10.9
EV/Sales	2.53	2.84	2.42	2.44	3.09	3.04	1.83	2.13	2.82	3.84	2.56
Earnings yield	5.79%	5.02%	5.47%	4.31%	—	7.27%	10.7%	9.17%	5.23%	4.17%	3.04%
FCF yield	6.65%	7.18%	6.44%	3.66%	6.44%	5.83%	3.35%	5.82%	4.58%	5.15%	-10.2%
PEG	—	—	—	—	—	—	—	—	—	—	-0.25

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	27.8%	29.1%	27.7%	24.9%	12.6%	32.2%	30.6%	27.5%	30.7%	31.2%	29.1%
Operating margin	14.8%	15.4%	15.2%	12.9%	-1.17%	21.4%	20.6%	17.2%	18.7%	20.5%	22.3%
Net margin	13.4%	13.2%	12.1%	9.2%	-11.4%	20.8%	16.7%	16.7%	12.3%	11%	1.28%
ROE	16.4%	17.7%	18.1%	14.2%	-14.5%	31.6%	28.8%	27.3%	27.5%	11.2%	8.68%
ROA	11.6%	12.2%	11.7%	8.09%	-7.46%	19.4%	15.7%	15.2%	10.8%	3.81%	8.48%
ROIC	14.1%	15.5%	16.2%	13.5%	-1.09%	24.8%	23.1%	17.6%	15.9%	7.83%	7.78%
Return on tangible assets	18.5%	21%	19.9%	13.1%	-11.1%	31%	22.2%	21.8%	15%	14.9%	2.54%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	5.68	5.06	3.99	3.58	4.29	3.12	2.69	2.33	2.22	2.11	1.93
Quick ratio	1.63	1.4	1.28	1.09	2.27	1.45	0.78	0.83	0.89	1.05	1.01
Debt / equity	0.28	0.31	0.35	0.51	0.69	0.37	0.54	0.55	1.13	1.3	1.48
Debt / assets	0.2	0.21	0.22	0.29	0.36	0.23	0.3	0.31	0.45	0.44	0.48
Net debt / EBITDA	1.09	1	1.05	1.68	5.28	0.7	1.12	1.53	2.13	5.1	5.22
Interest coverage	28.3	22.6	15.9	8.79	-5.81	36.2	20.7	10.9	7.02	5	2.35
Effective tax rate	1.48%	3.84%	5.74%	0%	0%	2.78%	4.39%	5.42%	22%	16.4%	14.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	11	12.3	13.8	13.8	10	14.8	17.6	18.2	20.1	23.7	27.9
EPS (basic)	1.47	1.62	1.66	1.27	-1.14	3.08	2.94	3.03	2.46	2.61	2.61
EPS (diluted)	1.47	1.61	1.66	1.27	-1.14	3.07	2.93	3.03	2.46	2.61	1.29
Book value per share	8.99	9.17	9.16	8.99	7.89	9.74	10.2	11.1	8.94	23.3	18
FCF per share	1.69	2.32	1.96	1.08	1.8	2.47	0.92	1.92	2.15	3.22	2.81
Cash per share	0.16	0.24	0.22	0.31	2.56	0.91	0.82	0.51	0.61	1.86	2.09
Capex per share	0.55	0.41	0.44	0.6	0.25	0.65	1.14	0.85	0.66	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.97%	3.32%	3.16%	4.35%	2.52%	4.36%	6.5%	4.7%	3.27%	—	—
Capex / operating cash flow	24.5%	14.8%	16.7%	33.4%	14%	19.9%	63.5%	22.5%	23.4%	—	—
Payout ratio	21.5%	23.4%	27%	42.5%	-13.6%	14.9%	22.9%	24.7%	33.3%	33.9%	73.6%
Dividend yield	1.24%	1.17%	1.47%	1.83%	0.55%	1.08%	2.45%	2.27%	1.74%	1.42%	2.34%

Yield

2.34%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.249

ex-dividend Aug 20, 2026

Payout ratio

74%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 20, 2026	$0.249
May 20, 2026	$0.249
Mar 19, 2026	$0.249
Aug 21, 2025

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$869.9M	$782.7M	$695.8M	$862.2M	$891.1M	$821.5M	$711.7M	$918.5M	$910.6M	$1.1B	$1.2B	$1.6B
YoY change	+2.34%	+8.71%	-1.01%	+2.59%	+2.44%	+4.96%	+2.28%	+6.53%	+2.18%	+31.3%	+63.8%	+72.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	38.2M	52.8M	46.7M	64.1M	505.3M	179.2M	150.4M	89.6M	98.8M	284.5M
Receivables	277.7M	243.4M	317.2M	320.9M	196.5M	330M	248.8M	412.5M	542.4M	955.7M
Inventory	954.9M	945.7M	940M	1.1B	728M	774.4M	1.2B	1.1B	1.1B	2.4B
Total current assets	1.3B	1.3B	1.4B	1.5B	1.5B	1.4B	1.7B	1.7B	1.9B	4.7B
Property, plant & equipment	1.6B	1.6B	1.6B	1.7B	1.5B	1.7B	2B	2.2B	618.3M	935M
Goodwill & intangibles	1.1B	1.3B	1.2B	1.2B	993.1M	1.2B	1B	1.1B	1B	7.8B
Total assets	3B	3B	3B	3.2B	3B	3.1B	3.4B	3.5B	3.7B	10.5B
Accounts payable	234.1M	258.5M	347M	406.6M	343.7M	440.4M	471.2M	408.3M	490.1M	1.3B
Short-term debt	—	—	—	14.5M	15.9M	15.3M	163.8M	314.2M	317.7M	509.8M
Total current liabilities	235.9M	258.5M	347M	422.4M	359.6M	463.6M	641.7M	724.1M	837.5M	2.2B
Long-term debt	600M	630M	669M	912M	1.1B	693.8M	860.2M	768.9M	1.3B	4.1B
Total liabilities	870.5M	929.3M	1.1B	1.4B	1.5B	1.2B	1.6B	1.6B	2.3B	6.9B
Shareholders' equity	2.1B	2.1B	1.9B	1.8B	1.6B	1.9B	1.9B	2B	1.5B	3.6B
Total debt	600M	630M	669M	926.5M	1.1B	709.1M	1B	1.1B	1.7B	4.6B
Net debt	561.8M	577.2M	622.3M	862.4M	577.2M	529.9M	873.6M	993.4M	1.6B	4.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	102.5M	89.6M	91.2M	90.3M	78.5M	98.8M	75.5M	86M	112.6M	284.5M	237.1M	268.3M
Receivables	449.4M	412.5M	512.1M	599M	612.9M	542.4M	662.1M	708M	723.9M	955.7M	1B	1.1B
Inventory	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B	2.4B	2.4B	2.2B
Total current assets	1.8B	1.7B	1.9B	1.9B	1.9B	1.9B	2.1B	2.1B	2.2B	4.7B	4.8B	4.5B
Property, plant & equipment	1.3B	2.2B	1.3B	1.3B	1.3B	618.3M	1.3B	1.3B	1.3B	935M	1.7B	1.6B
Goodwill & intangibles	989.5M	1.1B	1.1B	1.1B	1.1B	1B	1B	1B	1B	7.8B	7.7B	7.7B
Total assets	3.6B	3.5B	3.7B	3.7B	3.7B	3.7B	3.9B	4B	4.1B	10.5B	10.5B	10.1B
Accounts payable	407.4M	408.3M	427.2M	463.8M	479.8M	490.1M	445.3M	497.5M	585.2M	1.3B	1.1B	1B
Short-term debt	315.2M	314.2M	314.2M	316.3M	316.7M	317.7M	17.6M	19.7M	471.2M	509.8M	509.4M	1B
Total current liabilities	722.8M	724.1M	776.3M	801M	823.9M	837.5M	529.9M	551.2M	1.1B	2.2B	2.1B	2.3B
Long-term debt	805.4M	768.9M	920.1M	1B	1.3B	1.3B	1.9B	2B	1.4B	4.1B	4.5B	3.9B
Total liabilities	1.6B	1.6B	1.8B	1.9B	2.2B	2.3B	2.5B	2.6B	2.6B	6.9B	7.1B	6.7B
Shareholders' equity	2B	2B	1.9B	1.9B	1.6B	1.5B	1.4B	1.4B	1.5B	3.6B	3.4B	3.3B
Total debt	1.1B	1.1B	1.2B	1.3B	1.6B	1.7B	1.9B	2B	1.9B	4.6B	5B	4.9B
Net debt	1B	993.4M	1.1B	1.2B	1.5B	1.6B	1.8B	1.9B	1.8B	4.3B	4.8B	4.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	346.6M	362.3M	350.8M	259.8M	-225.3M	607.2M	541.5M	533.6M	400.9M	398.9M
Depreciation & amortization	140.6M	162.2M	158.1M	156.8M	147.2M	135.4M	124.9M	121.6M	138.2M	147.6M
Stock-based compensation	15.4M	15.9M	19.5M	16.3M	2.1M	37.7M	32.4M	27M	64.5M	48M
Change in working capital	24M	81.1M	-678K	-66M	439.8M	-156.3M	-372.5M	-23.5M	-127.6M	-193.9M
Operating cash flow	525.5M	619.1M	550.3M	368.3M	356.9M	639.1M	331.6M	667.1M	456.9M	606.3M
Capital expenditure	-128.6M	-91.4M	-92M	-122.9M	-49.8M	-127.5M	-210.5M	-150.1M	-107.1M	—
Investing cash flow	-291.7M	-207.2M	-93.3M	-124.2M	-49.8M	-185.1M	-148.4M	-150.1M	-107.1M	-122.7M
Dividends paid	-74.4M	-84.8M	-94.6M	-110.3M	-30.6M	-90.5M	-123.8M	-131.8M	-133.5M	-135.2M
Share repurchases	-394.5M	-334.9M	-374.8M	-264.2M	-25.8M	-249.4M	-457.4M	-386.7M	-783.3M	-213M
Financing cash flow	-246.3M	-389.3M	-433.2M	-207.8M	83.5M	-754.8M	-258.3M	-452.8M	-379.4M	-174.2M
Net change in cash	-12.5M	22.6M	23.8M	36.3M	390.6M	-300.8M	-75M	64.2M	-29.5M	309.4M
Free cash flow	397.7M	518.6M	413.3M	220.8M	356.7M	487.3M	168.9M	338.6M	351M	492.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	127.4M	153.3M	78.7M	58.4M	131.5M	132.3M	84.7M	137.9M	120.2M	56.1M	-65.8M	-50M
Depreciation & amortization	31.3M	30.8M	31.6M	36.8M	36.5M	33.3M	30.3M	37.6M	37.1M	42.5M	54.2M	68.3M
Stock-based compensation	6.8M	4.1M	6.3M	37M	8.4M	12.9M	8.9M	9.5M	17.6M	12M	12.6M	8.8M
Change in working capital	165.8M	91M	-147M	-41.2M	4.4M	56.2M	-232.2M	-24.3M	-33.1M	95.6M	-47.4M	141.5M
Operating cash flow	323.1M	281.3M	-32.9M	79.5M	184.7M	225.6M	-111.2M	188.2M	223.9M	336.4M	-279.5M	347.4M
Capital expenditure	-39.5M	-34.8M	-42.1M	-35.4M	-28.1M	-1.5M	-22.3M	—	—	—	—	—
Investing cash flow	-39.5M	-34.8M	-42.1M	-35.4M	-28.1M	-1.5M	-22.3M	198K	—	—	—	-21.8M
Dividends paid	-32.7M	-31.9M	—	-69.2M	-32.9M	-31.4M	—	-68.5M	-33.6M	-33.2M	—	-92.4M
Share repurchases	-80.2M	-179.2M	-70.6M	-112.5M	-379.7M	-220.6M	-87.4M	-76.4M	-45.5M	-3.7M	-71.5M	-1.2M
Financing cash flow	-230.5M	-216.4M	-82.1M	-104.6M	-161M	-186.7M	142.1M	-144M	-173.7M	1.4M	265.2M	-276M
Net change in cash	53.2M	30.1M	-157M	-60.6M	-4.3M	37.4M	8.6M	44.4M	50.3M	337.8M	-14.2M	49.7M
Free cash flow	262.6M	203.4M	-71.4M	103.8M	148.7M	169.9M	-165.6M	153.8M	199.8M	304.5M	-309.9M	326.3M

Date	Ratio
Mar 30, 2015	2:1
May 29, 2007	2:1
Jun 1, 2005	2:1
Feb 28, 2001	2:1

Gildan Activewear Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history