G III APPAREL GROUP LTD /DE/ GIII
G-III Apparel Group, Ltd. is a Delaware corporation that was formed in 1989. We and our predecessors have conducted our business since 1974.
G-III is a global leader in fashion with expertise in design, sourcing, distribution and marketing, which enables us to fuel growth across a portfolio of over 30 globally recognized owned and licensed brands, anchored by our key owned brands DKNY, Donna Karan, Karl Lagerfeld and Vilebrequin. We develop products across a diverse range of lifestyle categories which include outerwear, dresses, sportswear, suit separates, athleisure, jeans, swimwear, as well as handbags, footwear, small leather goods, cold weather accessories and luggage. Our brands are positioned to sell at various price points with global distribution across a diverse mix of channels and geographies to reach a broad range of consumers.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.96B | $3.18B | $3.10B | $3.23B | $2.77B | $2.06B | $3.16B | $3.08B | $2.81B | $2.39B |
| Cost of revenue | $1.79B | $1.88B | $1.86B | $2.13B | $1.78B | $1.31B | $2.04B | $1.97B | $1.75B | $1.55B |
| Gross profit | $1.16B | $1.30B | $1.24B | $1.10B | $988.2M | $744.4M | $1.12B | $1.11B | $1.05B | $841.3M |
| SG&A | $978.5M | $969.8M | $924.2M | $833.2M | $648.0M | $605.1M | $832.2M | $834.8M | $855.2M | $704.4M |
| Operating income | $108.0M | $293.1M | $283.3M | -$109.5M | $311.1M | $82.8M | $227.7M | $230.7M | $153.8M | $93.9M |
| Interest expense | — | — | — | — | — | — | — | $43.9M | $42.4M | $15.6M |
| Pre-tax income | $110.7M | $269.9M | $240.6M | -$138.2M | $271.0M | $35.7M | $182.1M | $183.8M | $110.0M | $77.8M |
| Income tax | $43.3M | $76.6M | $65.9M | $3.8M | $70.9M | $12.2M | $38.3M | $45.8M | $47.9M | $25.8M |
| Net income | $67.4K | $193.3K | $174.7K | -$134.4K | $200.1K | $23.5M | $143.8M | $138.1M | $62.1M | $51.9M |
| EPS, basic | 1.58 | 4.35 | 3.84 | -2.79 | 4.14 | 0.49 | 2.98 | 2.81 | 1.27 | 1.12 |
| EPS, diluted | 1.51 | 4.20 | 3.75 | -2.79 | 4.05 | 0.48 | 2.94 | 2.75 | 1.25 | 1.10 |
| Shares, diluted (wtd. avg.) | $44.5M | $46.1M | $47.0M | $47.7M | $49.5M | $48.8M | $48.9M | $50.3M | $49.8M | $47.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $406.7M | $181.4M | $507.8M | $191.7M | $466.0M | $351.9M | $197.4M | $70.1M | $45.8M | $80.0M |
| Receivables | $537.0M | $624.8M | $562.4M | $675.0M | $605.5M | $492.7M | $530.1M | $502.1M | $294.4M | $263.9M |
| Inventory | $460.0M | $478.1M | $520.4M | $709.3M | $512.2M | $416.5M | $551.9M | $576.4M | $553.3M | $483.3M |
| Total current assets | $1.47B | $1.34B | $1.66B | $1.65B | $1.65B | $1.34B | $1.37B | $1.25B | $959.6M | $882.9M |
| Property, plant and equipment | $78.0M | $69.3M | $55.1M | $53.7M | $48.8M | $57.1M | $76.0M | $86.4M | $97.9M | $102.6M |
| Goodwill | — | $0 | $0 | $0 | $262.5M | $263.1M | $260.6M | $261.1M | $262.7M | $269.3M |
| Other intangibles | $25.6M | $27.1M | $31.7M | $34.8M | $31.4M | $35.1M | $38.4M | $42.4M | $46.4M | $48.6M |
| Total assets | $2.61B | $2.48B | $2.68B | $2.71B | $2.74B | $2.44B | $2.57B | $2.21B | $1.92B | $1.85B |
| Accounts payable | $264.0M | $228.2M | $182.5M | $169.5M | $236.9M | $139.2M | $204.8M | $225.5M | $232.4M | $217.9M |
| Total current liabilities | $545.7M | $510.5M | $493.6M | $579.1M | $510.8M | $402.0M | $614.0M | $580.8M | $347.2M | $315.4M |
| Long-term debt | $4.6M | $3.0M | $402.8M | $483.8M | $515.3M | $507.9M | $396.8M | — | — | $461.8M |
| Total liabilities | $850.5M | $803.8M | $1.13B | $1.33B | $1.22B | $1.10B | $1.27B | $1.02B | $794.5M | $830.7M |
| Retained earnings | $1.42B | $1.35B | $1.16B | $983.9M | $1.12B | $916.7M | $893.1M | $758.9M | $674.5M | $612.4M |
| Total equity | $1.76B | $1.68B | $1.55B | $1.39B | $1.52B | $1.34B | $1.29B | $1.19B | $1.12B | $1.02B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $299.1M | $316.4M | $587.6M | -$104.6M | $185.8M | $74.8M | $209.0M | $103.8M | $79.7M | $105.7M |
| Depreciation and amortisation | $24.6M | $22.2M | $22.0M | $23.5M | $23.6M | $34.0M | $33.8M | $33.9M | $32.8M | $29.6M |
| Stock-based compensation | $23.4M | $28.9M | $17.2M | $32.5M | $17.4M | $6.1M | $17.6M | $19.7M | $19.7M | $16.9M |
| Capital expenditure | $35.2M | $41.5M | $24.7M | $21.5M | $18.3M | $16.0M | $38.0M | $29.2M | $34.5M | $24.9M |
| Investing cash flow | -$36.0M | -$148.2M | -$28.3M | -$218.0M | -$51.5M | -$20.1M | -$40.1M | -$37.3M | -$33.9M | -$525.8M |
| Financing cash flow | -$54.3M | -$485.5M | -$244.6M | $51.6M | -$23.4M | $94.8M | -$44.5M | -$38.0M | -$83.7M | $367.6M |
| Dividends paid | $4.2M | — | — | — | — | — | — | — | — | — |
| Buybacks | $49.8M | $60.0M | $26.1M | $26.9M | $17.3M | — | $35.2M | $20.3M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-055621.
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