Loading…
Canadian women's fashion retailer designing and selling its own apparel brands through stores and online in Canada and the US.
Canadian women's fashion retailer designing and selling its own apparel brands through stores and online in Canada and the US.
Sells its own labels, such as Babaton and Wilfred, almost entirely through its own boutiques and websites rather than department stores, so it keeps the full retail price and controls how products are shown and discounted. Founded in Vancouver in 1984, it has been adding boutiques in the US.
In one line: A vertically integrated fashion retailer, adjacent to Lululemon's model.
Moat: narrow (brand, scale). Strong direct-to-consumer brand loyalty and a vertically integrated design/retail model versus wholesale-dependent peers.
Headquarters: Vancouver, Canada · Founded: 1984 · Employees: 8,800
Size Aritzia (ATZ.TO) is a Canada Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $12.5B, the 65th largest of 420 Canada companies the cockpit tracks. Shares closed at C$155.00 on 6 Nov 2026.
Performance Over six months the shares gained 9.2%, against +14.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th lowest of 17 in its peer set.
Growth Revenue grew 40.3% over the last twelve months (peer median +10.6%); the operating margin is 16.5% (peer median 9.6%).
Valuation It trades at 27.1× forward earnings against a peer median of 15.8× (4th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +34%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.1 points above its cost of capital (11.5% WACC).
Next results Next results expected around 13 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$4.35B | C$3.70B | C$2.74B | C$2.33B | C$2.20B |
| Revenue growth | — | +35% | +17% | +6% | — |
| Gross profit | C$2.01B | C$1.63B | C$1.15B | C$877M | C$900M |
| EBITDA | C$954M | C$738M | C$481M | C$326M | C$421M |
| Net income | C$592M | C$382M | C$208M | C$78.8M | C$188M |
| Free cash flow | C$666M | C$545M | C$200M | C$185M | -C$47.9M |
| Capital expenditure | C$301M | C$285M | C$277M | C$177M | C$126M |
| Total debt | C$1.18B | C$996M | C$919M | C$806M | C$772M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Aritzia ATZ.TO | $12.5B | +9% | +40% | 16% | 27.1× | 22.0% |
| Lululemon Athletica LULU | $12.8B | -16% | +2% | 18% | 13.4× | -8.9% |
| Urban Outfitters URBN | $7.26B | +18% | +11% | 10% | 13.1× | 6.9% |
| Abercrombie & Fitch ANF | $6.35B | +57% | +5% | 14% | 12.1× | -2.7% |
| American Eagle Outfitters AEO | $3.34B | +19% | +8% | 9% | 11.1× | 0.9% |
| Gap GAP | $7.55B | -8% | +1% | 11% | 8.4× | -2.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ATZ.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +25.7% | +7.1% | highest of 17 |
| 6-month return | +9.2% | +14.8% | 8th lowest of 17 |
| Distance from 52-week high | -11.2% | -10.5% | 9th highest of 17 |
| Revenue growth (TTM) | +40.3% | +10.6% | highest of 17 |
| Operating margin | 16.5% | 9.6% | 3rd highest of 17 |
| Forward P/E | 27.1× | 15.8× | 4th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 22.0% | 9.0% | 4th most demanding of 16 |
| Growth delivered (Del g) | +34.0% | +12.3% | 2nd highest of 16 |
| Hurdle (Req g minus delivered) | -12.0 pp | -4.5 pp | 4th least demanding of 16 |
| ROIC minus cost of capital | +13.1 pp | +2.8 pp | 3rd highest of 17 |
| EV / EBITDA | 19.1× | 10.5× | 3rd most expensive of 16 |
| Net debt / EBITDA | 0.7× | 1.3× | 6th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Aritzia ATZ.TO | Canada | $12.5B | +9% | +40% | 16% | 27.1× | 22.0% | +34.0% |
| Lpp LPP.WA | Poland | $13.0B | +36% | +15% | 13% | 17.4× | 17.5% | +24.1% |
| Meesho MEESHO.NS | India | $11.4B | +17% | +34% | -9% | n/a | n/a | n/a |
| Burlington Stores BURL | United States | $15.5B | -19% | +11% | 8% | 20.5× | 18.2% | +14.9% |
| Allegro.eu ALE.WA | Poland | $15.5B | +97% | +8% | 20% | 30.8× | 22.1% | +23.4% |
| Trent TRENT.NS | India | $17.4B | +8% | +18% | 12% | 75.1× | 60.1% | +50.6% |
| Victoria's Secret & VSXY | United States | $8.62B | +125% | +10% | 8% | 21.4× | 20.0% | +3.9% |
| Gap GAP | United States | $7.55B | -8% | +1% | 11% | 8.4× | -2.3% | +2.2% |
| Urban Outfitters URBN | United States | $7.26B | +18% | +11% | 10% | 13.1× | 6.9% | +12.3% |
| Abercrombie & Fitch ANF | United States | $6.35B | +57% | +5% | 14% | 12.1× | -2.7% | +11.0% |
| JD Sports Fashion JD..L | United Kingdom | $6.03B | +37% | +2% | 7% | 9.0× | 1.4% | +15.5% |
| Tapestry TPR | United States | $26.4B | 0% | +14% | 24% | 15.8× | 9.0% | +6.9% |
| H&M Hennes & Mauritz HM-B.ST | Sweden | $29.1B | +12% | -4% | 9% | 22.3× | 4.5% | +4.1% |
| SHIMAMURA 8227.T | Japan | $4.69B | +2% | +5% | 9% | 14.3× | -9.9% | +5.2% |
| Vishal Mega Mart VMM.NS | India | $4.67B | -25% | +18% | 9% | 43.8× | 32.3% | +19.4% |
| Boot Barn BOOT | United States | $3.92B | -20% | +17% | 14% | 14.6× | 14.3% | +20.3% |
| American Eagle Outfitters AEO | United States | $3.34B | +19% | +8% | 9% | 11.1× | 0.9% | +8.1% |