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Carters vs Gildan Activewear: revenue, profit, margins and growth compared

Carters brought in $2.9B of revenue in fiscal 2025, Gildan Activewear $3.6B in fiscal 2025. Revenue changed by +1.9% at Carters and +10.7% at Gildan Activewear on the year before, so Gildan Activewear grew faster. Carters kept 3.2% of its revenue as net profit, Gildan Activewear 11.0%. Free cash flow was $68.6M at Carters and $499.9M at Gildan Activewear.

Side by side, latest fiscal year

CRIGIL
Fiscal year endedFY2025 (January 3, 2026)FY2025 (December 28, 2025)
Revenue$2.9B$3.6B
Revenue growth+1.9%+10.7%
Net income$91.8M$398.9M
Net margin3.2%11.0%
Free cash flow$68.6M$499.9M
Free cash flow margin2.4%13.8%
Earnings per share (diluted)$2.53$2.61
Cash$487.1M$284.5M
Debt$567.2M$4.3B
Price to earnings12.4n/a
Market value$1.1B$7.6B
Dividend yield4.95%n/a
Rank by revenue in sector#293 of 778 · Consumer discretionary#261 of 778 · Consumer discretionary

Over the years

Revenue
CRI FY2018: $3.5BCRI FY2019: $3.5BCRI FY2020: $3BCRI FY2021: $3.5BCRI FY2022: $3.2BCRI FY2023: $2.9BCRI FY2024: $2.8BCRI FY2025: $2.9BGIL FY2018: $2.9BGIL FY2019: $2.8BGIL FY2020: $2BGIL FY2020: $2.9BGIL FY2022: $3.2BGIL FY2023: $3.2BGIL FY2024: $3.3BGIL FY2025: $3.6BFY18FY19FY20FY21FY22FY23FY24FY25
CRI $2.9BGIL $3.6B
Net income
CRI FY2018: $282.1MCRI FY2019: $263.8MCRI FY2020: $109.7MCRI FY2021: $339.7MCRI FY2022: $250MCRI FY2023: $232.5MCRI FY2024: $185.5MCRI FY2025: $91.8MGIL FY2018: $350.8MGIL FY2019: $259.8MGIL FY2020: -$225.3MGIL FY2020: $607.2MGIL FY2022: $541.5MGIL FY2023: $533.6MGIL FY2024: $400.9MGIL FY2025: $398.9MFY18FY19FY20FY21FY22FY23FY24FY25
CRI $91.8MGIL $398.9M
Net margin
CRI FY2018: 8.1%CRI FY2019: 7.5%CRI FY2020: 3.6%CRI FY2021: 9.7%CRI FY2022: 7.8%CRI FY2023: 7.9%CRI FY2024: 6.5%CRI FY2025: 3.2%GIL FY2018: 12.1%GIL FY2019: 9.2%GIL FY2020: -11.4%GIL FY2020: 20.8%GIL FY2022: 16.7%GIL FY2023: 16.7%GIL FY2024: 12.3%GIL FY2025: 11.0%FY18FY19FY20FY21FY22FY23FY24FY25
CRI 3.2%GIL 11.0%
Revenue growth
CRI FY2019: +1.6%CRI FY2020: -14.1%CRI FY2021: +15.3%CRI FY2022: -7.9%CRI FY2023: -8.3%CRI FY2024: -3.4%CRI FY2025: +1.9%GIL FY2019: -2.9%GIL FY2020: -29.8%GIL FY2020: +47.5%GIL FY2022: +10.9%GIL FY2023: -1.4%GIL FY2024: +2.3%GIL FY2025: +10.7%FY19FY20FY21FY22FY23FY24FY25
CRI +1.9%GIL +10.7%
Free cash flow
CRI FY2018: $292.4MCRI FY2019: $325.8MCRI FY2020: $555.6MCRI FY2021: $230.8MCRI FY2022: $48MCRI FY2023: $469.3MCRI FY2024: $242.6MCRI FY2025: $68.6MGIL FY2018: $430.9MGIL FY2019: $232.4MGIL FY2020: $364.4MGIL FY2020: $490.1MGIL FY2022: $174.4MGIL FY2023: $343.3MGIL FY2024: $356.1MGIL FY2025: $499.9MFY18FY19FY20FY21FY22FY23FY24FY25
CRI $68.6MGIL $499.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Carters and Gildan Activewear

Which is bigger by revenue, Carters or Gildan Activewear?

Gildan Activewear is bigger by revenue: $3.6B in fiscal 2025, against $2.9B for Carters in fiscal 2025.

Which keeps more of its revenue as profit, Carters or Gildan Activewear?

Carters had a net margin of 3.2% in fiscal 2025; Gildan Activewear had 11.0% in fiscal 2025.

Which grew revenue faster, Carters or Gildan Activewear?

In their latest fiscal years revenue changed by +1.9% at Carters and +10.7% at Gildan Activewear.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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