Gildan Activewear (Gildan Activewear) Gross Margin % : 30.22% (As of Dec. 2023)

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What is Gildan Activewear Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Gildan Activewear's Gross Profit for the three months ended in Dec. 2023 was $237 Mil. Gildan Activewear's Revenue for the three months ended in Dec. 2023 was $783 Mil. Therefore, Gildan Activewear's Gross Margin % for the quarter that ended in Dec. 2023 was 30.22%.

The historical rank and industry rank for Gildan Activewear's Gross Margin % or its related term are showing as below:

GIL' s Gross Margin % Range Over the Past 10 Years
Min: 12.57 Med: 27.78 Max: 32.17
Current: 27.54

During the past 13 years, the highest Gross Margin % of Gildan Activewear was 32.17%. The lowest was 12.57%. And the median was 27.78%.

GIL's Gross Margin % is ranked better than
54.7% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.22 vs GIL: 27.54

Gildan Activewear had a gross margin of 30.22% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Gildan Activewear was 4.50% per year.

Gildan Activewear Gross Margin % Historical Data

The historical data trend for Gildan Activewear's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gildan Activewear Gross Margin % Chart

Gildan Activewear Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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24.95

12.57

32.17

30.63

27.54

Gildan Activewear Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															32.61	26.70	25.77	27.50	30.22

Competitive Comparison of Gildan Activewear's Gross Margin %

For the Apparel Manufacturing subindustry, Gildan Activewear's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gildan Activewear's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gildan Activewear's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Gildan Activewear's Gross Margin % falls into.

Gildan Activewear Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Gildan Activewear's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	880.1	/	3195.911
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3195.911 - 2315.857)	/	3195.911
	=	27.54 %

Gildan Activewear's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	236.6	/	782.709
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(782.709 - 546.151)	/	782.709
	=	30.22 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Gildan Activewear (NYSE:GIL) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Gildan Activewear had a gross margin of 30.22% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Gildan Activewear Gross Margin % Related Terms

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Gildan Activewear (Gildan Activewear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gildan Activewear Inc (NYSE:GIL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

VGA:Germany GIL:Canada

Address

600 de Maisonneuve Boulevard West, 33rd Floor, Suite 330, Montreal, QC, CAN, H3A 3J2

Website

http://www.gildan.com

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts, sweatshirts, and other apparel to wholesalers, major clothing brands, and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America and recently began operating a new plant in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generates nearly 90% of its sales in the U.S.