Amer Sports, Inc. vs GILDAN ACTIVEWEAR INC., two Apparel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Gildan does not chase shoppers. It manufactures blank T-shirts and basics by the millions and sells them wholesale, which is a different game from Amer Sports building demand for Arc'teryx and Wilson. Gildan's economics are steadier: an 11.02% net margin and 6.18% free cash flow yield against Amer's 6.71% and 2.7%. The market still pays far more for Amer, 44.36 times earnings versus Gildan's 20.26, and 3.26 times book against 2.27. Both run debt-free. Amer earns 7.57% on equity, Gildan 11.2%, so the cheaper name here is also the more profitable one. Growth optimism sits on one side, commodity discipline on the other.
Comparison updated 2026-07-11.
| Metric | AS | GIL |
|---|---|---|
| Price | $34.84 | $52.51 |
| Market cap | $19.4B | $8.0B |
| Sector | Apparel | Apparel |
| Stage | Growth | Mature |
| Implied growth (priced in) | — | +13.2% |
| P/E | 45.3 | 20.1 |
| P/B | 3.33 | 2.26 |
| P/S | 2.95 | 2.22 |
| EV/EBITDA | 26.7 | 10.1 |
| Revenue growth | +26.3% | +5.6% |
| Gross margin | 57.7% | 31.2% |
| Operating margin | 10.8% | 17.1% |
| Net margin | 6.7% | 11.0% |
| Return on equity | 7.6% | 11.2% |
| Return on assets | 4.4% | 3.8% |
| Return on invested capital | 7.8% | 14.6% |
| FCF yield | 2.6% | 6.2% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 1.50 | 2.11 |
| Altman Z (solvency) | 3.60 | 1.68 |
| Piotroski F (quality) | 8 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.