Gildan Activewear (FRA:VGA) EBIT: €392 Mil (TTM As of Mar. 2026)


FRA:VGA Gildan Activewear Inc FRA:VGA
88 GF Score
Price €45.40
GF Value €54.03
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Gildan Activewear EBIT?

Gildan Activewear FRA:VGA +1.79% 88 EBIT is €392 Mil as of Mar. 2026. GuruFocus rates FRA:VGA with a GF Score™ of 88/100 and a GF Value™ of €54.03 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Gildan Activewear's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €392 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gildan Activewear's annualized ROC % for the quarter that ended in Mar. 2026 was 2.17%. Gildan Activewear's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gildan Activewear's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.08%.


Gildan Activewear  (FRA:VGA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Gildan Activewear's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=206.56 * ( 1 - 19.05% )/( (7545.777 + 7831.441)/ 2 )
=167.21032/7688.609
=2.17 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8937.312 - 1148.608 - ( 242.927 - max(0, 1909.25 - 4022.235+242.927))
=7545.777

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9059.33 - 1022.836 - ( 205.053 - max(0, 1773.785 - 4160.638+205.053))
=7831.441

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Gildan Activewear's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-40.652/( ( (1453.91 + max(2305.392, 0)) + (1444.116 + max(2622.459, 0)) )/ 2 )
=-40.652/( ( 3759.302 + 4066.575 )/ 2 )
=-40.652/3912.9385
=-1.04 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(816.142 + 2024.121 + 939.045) - (1148.608 + 0 + 325.308)
=2305.392

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(873.371 + 2091.283 + 990.931) - (1022.836 + 0 + 310.29)
=2622.459

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Gildan Activewear's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=392.4/12751.215
=3.08 %

* 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.


Gildan Activewear EBIT Related Terms


Gildan Activewear EBIT Historical Data

* Premium members only.

The historical data trend for Gildan Activewear's EBIT 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.

Gildan Activewear EBIT Chart

Gildan Activewear Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 568.42 561.86 569.81 572.56 503.03

Gildan Activewear Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 115.91 173.05 150.33 79.18 -10.16

FRA:VGA vs RL, LEVI, VFC: EBIT Comparison

For the Apparel Manufacturing subindustry, Gildan Activewear's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Gildan Activewear's EV-to-EBIT falls into.


FRA:VGA
88GF Score
Gildan Activewear Inc FRA:VGA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Gildan Activewear EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €392 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €392 Mil mean?
Gildan Activewear (FRA:VGA) has a EBIT of €392 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gildan Activewear.
Is Gildan Activewear's EBIT too high?
Gildan Activewear's current EBIT is €392 Mil. Overall, Gildan Activewear has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gildan Activewear's EBIT compare to RL and LEVI?
Gildan Activewear's EBIT of €392 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Manufacturing - Apparel & Accessories company?
A good EBIT depends on the Manufacturing - Apparel & Accessories industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gildan Activewear. Gildan Activewear's current EBIT is €392 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gildan Activewear stock overvalued right now?
Based on GuruFocus' analysis, Gildan Activewear (FRA:VGA) is currently considered Modestly Undervalued. The stock's GF Value™ is €54.03, compared to a current price of €45.40 — trading 16% below its estimated fair value. The current EBIT is €392 Mil. Gildan Activewear's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Gildan Activewear (FRA:VGA), the current EBIT is €392 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Gildan Activewear (FRA:VGA) Overvalued in 2026?

Based on GuruFocus' analysis, Gildan Activewear stock appears to be undervalued. The current stock price of €45.40 is trading 16% below its estimated GF Value™ of €54.03. GuruFocus considers Gildan Activewear to be Modestly Undervalued.

Key valuation signals for FRA:VGA:

  • EBIT: €392 Mil
  • GF Value™: €54.03 vs. price of €45.40 (16% below fair value)
  • GF Score™: 88/100 with 5 warning signs

No single metric tells the full story. See the FRA:VGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gildan Activewear Business Description

Address 600 de Maisonneuve Boulevard West, 33rd Floor, Suite 3300, Montreal, QC, CAN, H3A 3J2
Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. It is a leader in 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, a business that has been greatly enhanced by the Hanesbrands acquisition. Gildan's brands include Hanes, Bali, Maidenform, Playtex, Gildan, American Apparel, Comfort Colors, and Goldtoe. Gildan produces most of its clothing at factories in Latin America but has been ramping up production at its new facility in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generated 90% of its sales in the US in 2025.
88GF Score

Get the complete analysis for FRA:VGA

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€45.40
Price
€54.03
GF Value