GIIIG-III Apparel Group, Ltd.
Is the business good?
A genuinely good business: earnings fully cash-backed (2.3×) and margins widening.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
A balanced mix of margins, efficiency, and leverage. ROE 7% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is GIII?
G-III Apparel Group, Ltd. earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 1.9 points above what the capital costs: growth creates value
- Operating margin
- 6.3%
Operating margin · Apparel Manufacturing median 7.3% · 12 months to Q2 2026
- Cash conversion
- 2.33×
Cash conversion · 2.08× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +0.27%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 4.0% |
| FY2021 | 11% |
| FY2022 | −3.4% |
| FY2023 | 9.2% |
| FY2024 | 9.2% |
| FY2025 | 3.6% |
Details›
- Gross margin12 months to Q2 2026
- 44%
- Operating margin12 months to Q2 2026
- 6.3%
- Net margin12 months to Q2 2026
- 4.8%
- Free cash flow margin
- 9.6%
- Revenue, trailing twelve months
- $2.85B
- Free cash flow, trailing twelve months
- $275M
- Net income, trailing twelve months
- $135M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Apparel Manufacturing
Ranks #4 of 12 by RyuScore