Gildan Activewear Inc. key statistics and ratios

In fiscal 2025, Gildan Activewear Inc. had return on equity of 15.9%, an operating margin of 17.1%, debt equal to 121.1% of equity and a current ratio of 2.11. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Gildan Activewear Inc.: financial ratios, annual
Fiscal year	2016Jan 2017	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Jan 2021	2021Jan 2022	2022Jan 2023	2023Dec 2023	2024Dec 2024	2025Dec 2025
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%
Free-cash-flow margin	15.8%	19.0%	14.8%	8.2%	18.4%	16.8%	5.4%	10.7%	10.9%	13.8%
Return on equity	16.4%	17.4%	17.6%	13.8%	−13.3%	34.9%	28.5%	27.8%	23.5%	15.9%
Return on assets	11.6%	12.1%	11.7%	8.4%	−7.2%	19.7%	16.5%	15.3%	11.1%	5.6%
Asset turnover	0.86	0.92	0.97	0.91	0.64	0.95	0.99	0.92	0.90	0.51
Current ratio	5.68	5.06	3.99	3.58	4.29	3.12	2.69	2.33	2.22	2.11
Debt to equity	28.3%	30.7%	34.6%	46.1%	64.1%	31.3%	49.4%	50.3%	105.4%	121.1%
Effective tax rate	1.5%	3.8%	5.7%	−4.0%	—	2.8%	4.4%	5.4%	22.0%	16.4%
Capital spending as % of revenue	5.0%	3.3%	3.7%	4.6%	2.6%	4.4%	7.4%	6.4%	4.4%	2.9%
Free cash flow ÷ net income	117.8%	143.9%	122.8%	89.4%	—	80.7%	32.2%	64.3%	88.8%	125.3%
Dividends ÷ net income	21.5%	23.4%	27.0%	42.5%	—	14.9%	22.9%	24.7%	33.3%	33.9%
Dividends and buybacks ÷ free cash flow	18.2%	16.3%	21.9%	47.5%	8.4%	18.5%	71.0%	38.4%	37.5%	27.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 7 checks passed · December 28, 2025

What it owns · $10.5bn

Short-term assets $4.7bnLonger-term assets $5.8bn

What it owes, and who funded it · $10.5bn

Short-term liabilities $2.2bnLonger-term liabilities $4.7bnShareholders' equity $3.6bn

Short-term assets cover short-term liabilities $4.7bn of assets due within a year against $2.2bn of liabilities due within a year.
Short-term assets cover long-term liabilities $4.7bn short-term assets against $4.7bn of longer-dated liabilities.
More cash than debt $284m of cash against $3.9bn of debt.
Debt below 40% of shareholders' equity Debt is 108% of equity.
Debt burden no higher than five years ago Debt to equity moved from 64% to 108% over five years.
A year's operating cash flow covers at least 20% of debt $606m of operating cash flow against $3.9bn of debt.
Operating profit covers interest at least five times over Operating income of $620m against $3m of interest.

From Gildan Activewear Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Gildan Activewear Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Gildan Activewear Inc.