Canada Goose Holdings (TSX:GOOS) Operating Income: C$89 Mil (TTM As of Mar. 2026)

What is Canada Goose Holdings Operating Income?

Canada Goose Holdings TSX:GOOS +1.26% 85 Operating Income is C$89 Mil as of Mar. 2026. GuruFocus rates TSX:GOOS with a GF Score™ of 85/100 and a GF Value™ of C$19.24 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Canada Goose Holdings's Operating Income for the three months ended in Mar. 2026 was C$65 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was C$89 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Canada Goose Holdings's Operating Income for the three months ended in Mar. 2026 was C$65 Mil. Canada Goose Holdings's Revenue for the three months ended in Mar. 2026 was C$453 Mil. Therefore, Canada Goose Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 14.32%.

Warning Sign:

Canada Goose Holdings Inc operating margin has been in a 5-year decline. The average rate of decline per year is -12.8%.

Canada Goose Holdings's 5-Year average Growth Rate for Operating Margin % was -12.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canada Goose Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 12.40%. Canada Goose Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 38.68%.

Canada Goose Holdings (TSX:GOOS) Operating Income Explanation

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

Canada Goose Holdings'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 )
=	259.6 * ( 1 - 43.81% )	/	( (1183.9	+	1168.6)	/ 2 )
=	145.86924	/	1176.25
=	12.40 %

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	))
=	1796.6	-	265.8	-	( 346.9	-	max(0, 488	-	1035.5	+	346.9	))
=	1183.9

	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	))
=	1753.2	-	176.4	-	( 408.2	-	max(0, 368.5	-	968.4	+	408.2	))
=	1168.6

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

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

Canada Goose Holdings'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 )
=	278.8	/	( ( (455 + max(240.6, 0))	+	(493.6 + max(252.5, 0)) )	/	2 )
=	278.8	/	( ( 695.6	+	746.1 )	/	2 )
=	278.8	/	720.85
=	38.68 %

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)
=	(160.5	+	408.7	+	51.5)	-	(265.8	+	0	+	114.3)
=	240.6

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(92.1	+	386.3	+	45.6)	-	(176.4	+	0	+	95.1)
=	252.5

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. Operating Income is also linked to Operating Margin %:

Canada Goose Holdings's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	64.9	/	453.3
	=	14.32 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Canada Goose Holdings Operating Income Related Terms

Canada Goose Holdings Operating Income Historical Data

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The historical data trend for Canada Goose Holdings's Operating Income can be seen below:

Canada Goose Holdings Operating Income Chart

Canada Goose Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Operating Income

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159.50

147.60

124.50

164.10

88.80

Canada Goose Holdings Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Operating Income	Get a 7-Day Free Trial															55.10	-158.70	-17.60	200.20	64.90

85GF Score

Canada Goose Holdings Inc TSX:GOOS

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Canada Goose Holdings Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income 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 C$89 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of C$89 Mil mean?

Canada Goose Holdings (TSX:GOOS) has a Operating Income of C$89 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Canada Goose Holdings and its competitors.

Is Canada Goose Holdings' Operating Income too high?

Canada Goose Holdings' current Operating Income is C$89 Mil. Overall, Canada Goose Holdings has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Canada Goose Holdings' Operating Income compare to RL and LEVI?

Canada Goose Holdings' Operating Income of C$89 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 Operating Income for a Manufacturing - Apparel & Accessories company?

A good Operating Income depends on the Manufacturing - Apparel & Accessories industry context. However, Operating Income 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 Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Canada Goose Holdings and its competitors. Canada Goose Holdings's current Operating Income is C$89 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Canada Goose Holdings stock overvalued right now?

Based on GuruFocus' analysis, Canada Goose Holdings (TSX:GOOS) is currently considered Modestly Undervalued. The stock's GF Value™ is C$19.24, compared to a current price of C$13.71 — trading 28.7% below its estimated fair value. The current Operating Income is C$89 Mil. Canada Goose Holdings' overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Canada Goose Holdings (TSX:GOOS), the current Operating Income is C$89 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 Canada Goose Holdings (TSX:GOOS) Overvalued in 2026?

Based on GuruFocus' analysis, Canada Goose Holdings stock appears to be undervalued. The current stock price of C$13.71 is trading 28.7% below its estimated GF Value™ of C$19.24. GuruFocus considers Canada Goose Holdings to be Modestly Undervalued.

Key valuation signals for TSX:GOOS:

Operating Income: C$89 Mil
GF Value™: C$19.24 vs. price of C$13.71 (28.7% below fair value)
GF Score™: 85/100 with 3 warning signs

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

Canada Goose Holdings Business Description

Industry Consumer Cyclical Manufacturing - Apparel & Accessories

Comparable Companies TSX:IFA TSX:UNI OSTO:HM B RL MIL:MONC TSX:GIL LEVI WAR:LPP VFC HKSE:03998 SHSE:600177 BOM:532827 KTB SHSE:600398 ZGN PVH COLM XTER:BOSS TPE:1476 UAA

Other Exchanges GOOS:USA 0UNA:UK 1GC:Germany

Address 100 Queens Quay East, Floor 22, Toronto, ON, CAN, M5E 1V3

Website https://www.canadagoose.com

Canada Goose Holdings Inc is a Canada-based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale; Direct to Consumer (DTC), and Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in luxury shopping locations. The Wholesale segment comprises sales made to a mix of retailers and international distributors, who are partners that have exclusive rights to an entire market, and travel retail locations. Geographically, it has a presence in Canada, the United States, North America, Greater China, Asia-Pacific, and Europe, the Middle East, and Africa.

85GF Score

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

C$13.71

Price

C$19.24

GF Value

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