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GIL

Gildan Activewear Inc.

GIL

Gildan Activewear Inc. • NYSE
$55.82 ▼ -2.65% (-1.52)
Market Cap $8.32 B
52w High $62.56
52w Low $37.16
Dividend Yield 0.90%
P/E 17.95
Volume 3.94M
Outstanding Shares 149.07M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $897.718M ▼ $91.013M ▲ $118.823M ▼ 13.236% ▼ $0.8 ▼ $239.795M ▲
Q2-2025 $918.5M ▲ $89.9M ▼ $137.9M ▲ 15.014% ▲ $0.91 ▲ $199.6M ▲
Q1-2025 $711.672M ▼ $92.291M ▲ $84.682M ▼ 11.899% ▼ $0.56 ▼ $155.651M ▼
Q4-2024 $821.52M ▼ $74.005M ▼ $132.318M ▼ 16.106% ▲ $0.86 ▲ $209.863M ▼
Q3-2024 $898.48M $81.257M $132.532M 14.751% $0.82 $229.966M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $112.6M ▲ $4.068B ▲ $2.582B ▼ $1.487B ▲
Q2-2025 $86.207M ▲ $4.011B ▲ $2.585B ▲ $1.426B ▲
Q1-2025 $75.496M ▼ $3.917B ▲ $2.512B ▲ $1.405B ▼
Q4-2024 $98.799M ▼ $3.715B ▼ $2.258B ▲ $1.457B ▼
Q3-2024 $121.344M $3.735B $2.17B $1.566B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $273M ▲ $224.57M ▲ $-23.173M ▲ $-174.425M ▼ $26.316M ▲ $203.109M ▲
Q2-2025 $140.202M ▲ $197.471M ▲ $-34.946M ▼ $-151.709M ▼ $10.708M ▲ $163.675M ▲
Q1-2025 $84.682M ▼ $-142.233M ▼ $-23.304M ▼ $142.122M ▲ $-23.303M ▼ $-164.511M ▼
Q4-2024 $132.318M ▲ $210.512M ▲ $-2.78M ▲ $-186.725M ▼ $20.319M ▲ $169.948M ▲
Q3-2024 $131.474M $178.927M $-29.368M $-161.596M $-11.797M $150.468M

Revenue by Products

Product Q4-2018Q4-2019
Activewear
Activewear
 $2.32Bn ▲$2.26Bn ▼
Hosiery And Underwear
Hosiery And Underwear
 $590.00M ▲$560.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Gildan’s sales have grown meaningfully over the past five years and are now well above pre‑pandemic levels. Profitability is generally healthy, with solid gross and operating margins supported by its efficient manufacturing model. However, earnings have come down from their peak a few years ago, suggesting some margin pressure or higher costs more recently. Overall, the business looks profitable and resilient, but not in a straight upward line, reflecting the cyclical and competitive nature of basic apparel.

Balance Sheet

Balance Sheet The balance sheet shows a business that has been investing and growing at a measured pace. Total assets have steadily increased, but cash on hand is now much lower than it was a few years ago. Debt levels have risen recently, while shareholder equity has come down, which points to higher financial leverage and possibly sizable returns of capital to shareholders. This mix can enhance returns in good times but leaves less room for error if demand weakens or costs spike.

Cash Flow

Cash Flow Gildan consistently generates solid cash from its operations, comfortably covering its investment needs and leaving room for free cash flow each year. Capital spending has been meaningful but not excessive, indicating ongoing investment in plants and equipment without overextending. The pattern suggests a cash‑generative business with reasonably predictable inflows, though not immune to swings in working capital or industry cycles.

Competitive Edge

Competitive Edge Gildan’s main edge comes from being a large, vertically integrated, low‑cost producer of basic apparel. By controlling much of the production chain itself, it can keep unit costs low, manage quality tightly, and be a reliable supplier to printers, distributors, and brands. This cost leadership, combined with scale, makes it hard for smaller or less efficient rivals to compete purely on price. At the same time, the company operates in a commoditized, highly price‑sensitive segment, so it must constantly defend that edge through efficiency and reliability.

Innovation and R&D

Innovation and R&D Innovation at Gildan is focused less on flashy fashion and more on process, efficiency, and sustainability. The company has developed proprietary dyeing and wastewater treatment technologies, invested in automation, and experimented with energy‑saving systems and fabric improvements, such as softer cotton and performance materials. These efforts aim to lower costs, reduce environmental impact, and improve the “printability” and comfort of its garments. Research also highlights potential strategic moves and integrations that, if realized, could further extend its scale and capabilities, though such developments should be independently confirmed as they would be transformative for the business model.

Summary

Overall, Gildan looks like a mature, scale‑driven manufacturer that has rebuilt and grown beyond its pre‑pandemic footing, with solid profitability and reliable cash generation. Its strengths lie in cost efficiency, vertical integration, and sustainability‑oriented process innovation. Key watch points include the recent increase in leverage, the softening of earnings from their peak, and the inherently cyclical and price‑competitive nature of basic apparel. The company appears well positioned operationally, but future performance will depend on how effectively it maintains its cost advantage, manages its balance sheet, and executes on any large strategic initiatives mentioned in the research.

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September 23, 2025 · 7:20 PM UTC

Gildan Announces Pricing of Private Offering of US$1.2 Billion Senior Unsecured Notes

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