Gildan Activewear Inc. income statement
In fiscal 2025, Gildan Activewear Inc. reported revenue of $3.62bn, up 10.7% on the year before, operating income of $620m (a 17.1% margin) and net income of $399m, or $2.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Jan 2017 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Jan 2021 | 2021Jan 2022 | 2022Jan 2023 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,585 | 2,751 | 2,909 | 2,824 | 1,981 | 2,923 | 3,240 | 3,196 | 3,271 | 3,619 |
| Cost of revenue | 1,865 | 1,950 | 2,103 | 2,119 | 1,732 | 1,982 | 2,248 | 2,316 | 2,267 | 2,489 |
| Gross profit | 720 | 801 | 806 | 704 | 249 | 940 | 992 | 880 | 1,004 | 1,130 |
| Selling and marketing | 101 | 117 | 124 | 120 | 94 | 98 | 101 | 110 | 117 | 135 |
| General and administrative | 122 | 141 | 132 | 121 | 101 | 147 | 147 | 152 | 219 | 180 |
| Operating income | 372 | 401 | 403 | 289 | −181 | 652 | 603 | 644 | 618 | 620 |
| Interest expense | — | — | — | — | — | — | — | — | 0 | 3 |
| Income before tax | 352 | 377 | 372 | 250 | −229 | 625 | 566 | 564 | 514 | 471 |
| Income tax | 5 | 14 | 21 | −10 | −4 | 17 | 25 | 31 | 113 | 77 |
| Net income | 347 | 362 | 351 | 260 | −225 | 607 | 542 | 534 | 401 | 399 |
| Diluted EPS | $1.47 | $1.61 | $1.66 | $1.27 | −$1.14 | $3.07 | $2.93 | $3.03 | $2.46 | $2.61 |
| Diluted shares (average) | 236m | 225m | 212m | 205m | 198m | 198m | 185m | 176m | 163m | 153m |
| EBITDA | 512 | 563 | 561 | 446 | −34 | 787 | 728 | 765 | 756 | 768 |
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