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Canadian manufacturer of basic activewear -- T-shirts, fleece and socks -- sold mainly wholesale as blank apparel for decoration.
Canadian manufacturer of basic activewear -- T-shirts, fleece and socks -- sold mainly wholesale as blank apparel for decoration.
Sells blank T-shirts and fleece in volume to wholesale distributors, who supply decorators and promotional buyers, so price and delivery reliability count more than brand; branded underwear and socks go to retailers. It spins its own yarn and runs its own sewing plants in Central America and the Caribbean.
In one line: Canada's Hanesbrands.
Moat: narrow (scale, cost advantage). Highly vertically-integrated, low-cost manufacturing (own yarn/textile mills) gives a durable cost edge in commodity apparel.
Headquarters: Montreal, Canada · Founded: 1984 · Employees: 80,000
Size Gildan Activewear (GIL.TO) is a Canada Consumer Discretionary company (Apparel/Footwear) with a market value of $6.48B, the 100th largest of 420 Canada companies the cockpit tracks. Shares closed at C$49.00 on 6 Nov 2026.
Performance Over six months the shares fell 39.5%, against +4.2% for the median peer and +5.2% for the Canada market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 40.4% over the last twelve months (peer median +4.7%); the operating margin is 15.2% (peer median 13.3%).
Valuation It trades at 6.8× forward earnings against a peer median of 14.4× (cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.7 points below its cost of capital (7.2% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$6.54B | C$5.05B | C$4.48B | C$4.31B | C$4.23B |
| Revenue growth | — | +13% | +4% | +2% | — |
| Gross profit | C$1.82B | C$1.52B | C$1.34B | C$1.14B | C$1.26B |
| EBITDA | C$1.27B | C$1.22B | C$1.01B | C$888M | C$1.04B |
| Net income | C$84.3M | C$557M | C$549M | C$720M | C$705M |
| Free cash flow | C$695M | C$655M | C$488M | C$463M | C$227M |
| Capital expenditure | C$149M | C$159M | C$206M | C$281M | C$318M |
| Total debt | C$6.89B | C$6.34B | C$2.38B | C$1.43B | C$1.39B |
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.
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 | GIL.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.7% | +12.5% | lowest of 21 |
| 6-month return | -39.5% | +4.2% | lowest of 21 |
| Distance from 52-week high | -51.2% | -13.0% | lowest of 21 |
| Revenue growth (TTM) | +40.4% | +4.7% | highest of 21 |
| Operating margin | 15.2% | 13.3% | 9th highest of 21 |
| Forward P/E | 6.8× | 14.4× | cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 6.5% | 5.2% | 10th most demanding of 20 |
| Growth delivered (Del g) | +13.7% | +11.3% | 6th highest of 20 |
| Hurdle (Req g minus delivered) | -7.2 pp | -2.1 pp | 10th least demanding of 20 |
| ROIC minus cost of capital | -0.7 pp | +7.4 pp | 7th lowest of 21 |
| EV / EBITDA | 12.2× | 9.4× | 6th most expensive of 17 |
| Net debt / EBITDA | 5.1× | 1.5× | 2nd most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gildan Activewear GIL.TO | Canada | $6.48B | -40% | +40% | 15% | 6.8× | 6.5% | +13.7% |
| Brunello Cucinelli BC.MI | Italy | $6.61B | +4% | +10% | 18% | 37.8× | 20.6% | +20.9% |
| Birkenstock BIRK | United States | $6.64B | -5% | +20% | 24% | 13.9× | 7.4% | +19.9% |
| Bosideng International 3998.HK | Hong Kong | $6.64B | +3% | +8% | 18% | 10.3× | -10.8% | +14.2% |
| Crocs CROX | United States | $6.94B | +47% | +1% | 23% | 9.6× | 1.1% | +23.9% |
| Ermenegildo Zegna ZGN | United States | $5.96B | +7% | +11% | 9% | 31.1× | 20.3% | +11.3% |
| Huali Industrial 300979.SZ | China | $7.09B | +6% | -10% | 14% | 19.7× | -4.4% | +12.4% |
| Youngor Fashion 600177.SS | China | $5.69B | +10% | -5% | -3% | 12.8× | 23.3% | +0.1% |
| Burberry BRBY.L | United Kingdom | $5.38B | -4% | -2% | 7% | 28.8× | 19.1% | +0.6% |
| V.F VFC | United States | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% | +0.8% |
| Shenzhou Intl 2313.HK | Hong Kong | $8.08B | -7% | +2% | 16% | 11.8× | -4.5% | +5.4% |
| Li Ning 2331.HK | Hong Kong | $5.10B | -21% | +7% | 13% | 14.4× | -5.4% | +14.6% |
| Abc-mart 2670.T | Japan | $5.03B | +20% | +4% | 17% | 16.2× | -10.0% | +11.4% |
| Fosun International 0656.HK | Hong Kong | $4.82B | +11% | -1% | 3% | 12.9× | 10.6% | +4.1% |
| Levi Strauss & LEVI | United States | $8.77B | +1% | +5% | 13% | 14.6× | 5.2% | +7.1% |
| HLA 600398.SS | China | $4.47B | -6% | +7% | 11% | 14.3× | -13.1% | +3.8% |
| Puma PUM.DE | Germany | $4.42B | +4% | -19% | -6% | n/a | n/a | n/a |
| Page Industries PAGEIND.NS | India | $4.22B | -4% | +8% | 19% | 46.8× | 27.7% | +13.1% |
| Kontoor Brands KTB | United States | $4.21B | +5% | +16% | 13% | 13.2× | 1.1% | +8.5% |
| K.P.R. Mill KPRMILL.NS | India | $4.21B | +19% | +6% | 18% | 34.8× | 29.9% | +13.3% |
| PVH PVH | United States | $4.15B | +1% | +2% | 8% | 8.1× | 2.5% | +4.6% |