Gildan Activewear vs Under Armour
Under Armour reported revenue of $5.0 billion in fiscal 2026, 1.4 times Gildan Activewear's $3.6 billion in fiscal 2025. Gildan Activewear's revenue grew 10.7% in its latest year, and Under Armour's fell 3.8%. Gildan Activewear had an operating margin of 17.1%, against -3.3% at Under Armour. Free cash flow was $500 million at Gildan Activewear and −$162 million at Under Armour. Their fiscal years end in different months (December 28 and March 31), so the periods don't line up exactly.
Side by side
| Gildan Activewear | Under Armour | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 28, 2025 | FY2026, Mar 31, 2026 |
| Revenue | $3.6B | $5.0B |
| Revenue growth | 10.7% | −3.8% |
| Revenue growth a year, last 5 years | 12.8% | 2.1% |
| Gross margin | 31.2% | 45.5% |
| Operating margin | 17.1% | −3.3% |
| Net margin | 11.0% | −10.0% |
| Free cash flow | $500M | −$162M |
| Free cash flow margin | 13.8% | −3.3% |
| Return on capital | 9.9% | −6.0% |
| Net debt to EBITDA | 5.2x | — |
| Dividends and buybacks | $135M | $25M |
| Change in diluted share count | −6.2% | −1.3% |
| Last close | $40.33 | $4.46 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | — | bought $224.9 million, sold $0 |
| Piotroski F-score | 6 of 9 | 3 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Gildan ActivewearUnder Armour
Operating margin
Percent of revenue
Gildan ActivewearUnder Armour
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Gildan ActivewearUnder Armour
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Gildan Activewear and Under Armour pages.