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Gildan Activewear vs Under Armour: revenue, profit, margins and growth compared

Gildan Activewear brought in $3.6B of revenue in fiscal 2025, Under Armour $5B in fiscal 2026. Revenue changed by +10.7% at Gildan Activewear and -3.8% at Under Armour on the year before, so Gildan Activewear grew faster. Gildan Activewear kept 11.0% of its revenue as net profit, Under Armour -10.0%. Free cash flow was $499.9M at Gildan Activewear and -$162.2M at Under Armour.

Side by side, latest fiscal year

GILUAA
Fiscal year endedFY2025 (December 28, 2025)FY2026 (March 31, 2026)
Revenue$3.6B$5B
Revenue growth+10.7%-3.8%
Net income$398.9M-$495.6M
Net margin11.0%-10.0%
Free cash flow$499.9M-$162.2M
Free cash flow margin13.8%-3.3%
Earnings per share (diluted)$2.61-$1.16
Cash$284.5M$309.2M
Debt$4.3B$1.2B
Price to earningsn/an/a
Market value$7.6B$1.9B
Dividend yieldn/an/a
Rank by revenue in sector#261 of 778 · Consumer discretionary#204 of 778 · Consumer discretionary

Over the years

Revenue
GIL FY2018: $2.9BGIL FY2019: $2.8BGIL FY2020: $2BGIL FY2020: $2.9BGIL FY2022: $3.2BGIL FY2023: $3.2BGIL FY2024: $3.3BGIL FY2025: $3.6BUAA FY2018: $5.2BUAA FY2019: $5.3BUAA FY2020: $4.5BUAA FY2021: $5.7BUAA FY2023: $5.9BUAA FY2024: $5.7BUAA FY2025: $5.2BUAA FY2026: $5BFY18FY19FY20FY21FY22FY23FY24FY25FY26
GIL $3.6BUAA $5B
Net income
GIL FY2018: $350.8MGIL FY2019: $259.8MGIL FY2020: -$225.3MGIL FY2020: $607.2MGIL FY2022: $541.5MGIL FY2023: $533.6MGIL FY2024: $400.9MGIL FY2025: $398.9MUAA FY2018: -$46.3MUAA FY2019: $92.1MUAA FY2020: -$549.2MUAA FY2021: $351MUAA FY2023: $374.5MUAA FY2024: $232MUAA FY2025: -$201.3MUAA FY2026: -$495.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
GIL $398.9MUAA -$495.6M
Net margin
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%UAA FY2018: -0.9%UAA FY2019: 1.7%UAA FY2020: -12.3%UAA FY2021: 6.2%UAA FY2023: 6.3%UAA FY2024: 4.1%UAA FY2025: -3.9%UAA FY2026: -10.0%FY18FY19FY20FY21FY22FY23FY24FY25FY26
GIL 11.0%UAA -10.0%
Revenue growth
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%UAA FY2019: +1.4%UAA FY2020: -15.0%UAA FY2021: +27.0%UAA FY2024: -3.4%UAA FY2025: -9.4%UAA FY2026: -3.8%FY19FY20FY21FY22FY23FY24FY25FY26
GIL +10.7%UAA -3.8%
Free cash flow
GIL FY2018: $430.9MGIL FY2019: $232.4MGIL FY2020: $364.4MGIL FY2020: $490.1MGIL FY2022: $174.4MGIL FY2023: $343.3MGIL FY2024: $356.1MGIL FY2025: $499.9MUAA FY2018: $457.8MUAA FY2019: $363.2MUAA FY2020: $120.6MUAA FY2021: $594.5MUAA FY2023: -$198MUAA FY2024: $203.6MUAA FY2025: -$228MUAA FY2026: -$162.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
GIL $499.9MUAA -$162.2M

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

Questions about Gildan Activewear and Under Armour

Which is bigger by revenue, Gildan Activewear or Under Armour?

Under Armour is bigger by revenue: $5B in fiscal 2026, against $3.6B for Gildan Activewear in fiscal 2025.

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

Gildan Activewear had a net margin of 11.0% in fiscal 2025; Under Armour had -10.0% in fiscal 2026.

Which grew revenue faster, Gildan Activewear or Under Armour?

In their latest fiscal years revenue changed by +10.7% at Gildan Activewear and -3.8% at Under Armour.

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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