Gildan Activewear (GIL) financial statements
Gildan Activewear reported revenue of $3.6B in fiscal 2025, up 3.8% a year over 9 years.
Net income was $399M and the operating margin 17.1%, against 14.4% in 2016.
Free cash flow was $493M, and the company returned $135M in dividends.
The diluted share count fell 35% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Gildan Activewear's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6B | $2.8B | $2.9B | $2.8B | $2.0B | $2.9B | $3.2B | $3.2B | $3.3B | $3.6B |
| Cost of revenue | $1.9B | $1.9B | $2.1B | $2.1B | $1.7B | $2.0B | $2.2B | $2.3B | $2.3B | $2.5B |
| Gross profit | $720M | $801M | $806M | $704M | $249M | $940M | $992M | $880M | $1.0B | $1.1B |
| Selling, general and admin | $336M | $377M | $365M | $340M | $272M | $314M | $326M | $330M | $391M | $389M |
| Operating income | $372M | $401M | $403M | $289M | -$181M | $652M | $603M | $644M | $618M | $620M |
| Pre-tax income | $352M | $377M | $372M | $250M | -$229M | $625M | $566M | $564M | $514M | $471M |
| Income tax | $5M | $14M | $21M | -$10M | -$4M | $17M | $25M | $31M | $113M | $77M |
| Net income | $347M | $362M | $351M | $260M | -$225M | $607M | $542M | $534M | $401M | $399M |
| EPS (diluted) | $1.47 | $1.61 | $1.66 | $1.27 | -$1.14 | $3.07 | $2.93 | $3.03 | $2.46 | $2.61 |
| Diluted shares | 236M | 225M | 212M | 205M | 198M | 198M | 185M | 176M | 163M | 153M |
| Gross margin | 27.8% | 29.1% | 27.7% | 24.9% | 12.6% | 32.2% | 30.6% | 27.5% | 30.7% | 31.2% |
| Operating margin | 14.4% | 14.6% | 13.9% | 10.2% | -9.1% | 22.3% | 18.6% | 20.1% | 18.9% | 17.1% |
| Net margin | 13.4% | 13.2% | 12.1% | 9.2% | -11.4% | 20.8% | 16.7% | 16.7% | 12.3% | 11.0% |
Balance sheet
Fiscal years, from Gildan Activewear's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $38M | $53M | $47M | $64M | $505M | $179M | $150M | $90M | $99M | $284M |
| Receivables | $278M | $243M | $317M | $321M | $196M | $330M | $249M | $412M | $542M | $956M |
| Inventory | $955M | $946M | $940M | $1.1B | $728M | $774M | $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 and equipment | $1.1B | $1.0B | $990M | $995M | $897M | $985M | $1.1B | $1.2B | $1.2B | $1.5B |
| Goodwill | $202M | $227M | $227M | $228M | $207M | $284M | $272M | $272M | $272M | $869M |
| Total assets | $3.0B | $3.0B | $3.0B | $3.2B | $3.0B | $3.1B | $3.4B | $3.5B | $3.7B | $10.5B |
| Total current liabilities | $236M | $258M | $347M | $422M | $360M | $464M | $642M | $724M | $837M | $2.2B |
| Long-term debt | $600M | $630M | $669M | $845M | $1.0B | $600M | $780M | $685M | $1.2B | $3.9B |
| Total liabilities | $870M | $929M | $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 | $2.0B | $1.5B | $3.6B |
| Net debt | $562M | $577M | $622M | $781M | $495M | $421M | $780M | $895M | $1.4B | $4.0B |
Cash flow
Fiscal years, from Gildan Activewear's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $538M | $613M | $539M | $361M | $415M | $618M | $413M | $547M | $501M | $606M |
| Capital spending | $140M | $95M | $125M | $140M | $58M | $130M | $245M | $208M | $150M | $114M |
| Free cash flow | $398M | $519M | $413M | $221M | $357M | $487M | $169M | $339M | $351M | $493M |
| Stock-based compensation | $15M | $16M | $20M | $16M | $2M | $38M | $32M | $27M | $65M | $48M |
| Dividends paid | $74M | $85M | $95M | $110M | $31M | $90M | $124M | $132M | $133M | $135M |
| Free cash flow margin | 15.4% | 18.9% | 14.2% | 7.8% | 18.0% | 16.7% | 5.2% | 10.6% | 10.7% | 13.6% |
| Dividends per share | $0.32 | $0.38 | $0.45 | $0.54 | $0.15 | $0.46 | $0.67 | $0.75 | $0.82 | $0.88 |
Questions
What was Gildan Activewear's revenue in 2025?
$3.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Gildan Activewear generate?
$493M in fiscal 2025 (operating cash flow minus capital spending).
From Gildan Activewear's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.