Canada Goose Holdings Inc. (GOOS) 10-Year Financial Performance & Capital Metrics

GOOS • • Industrial / General

Consumer CyclicalApparel ManufacturingOutdoor & Performance ApparelOutdoor Performance Brands

AboutCanada Goose Holdings Inc. designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other. It offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons. As of April 3, 2022, the company operated through its 56 national e-commerce markets and 41 directly operated retail stores in North America, Europe, and Asia Pacific. It also sells its products through wholesale partners and distributors. The company was founded in 1957 and is headquartered in Toronto, Canada.Show more

Revenue $1.35B +1.1%
EBITDA $209M +21.4%
Net Income $95M +62.3%
EPS (Diluted) 0.97 +70.2%
Gross Margin 69.94% +1.7%
EBITDA Margin 15.5% +20.1%
Operating Margin 12.17% +30.4%
Net Margin 7.03% +60.6%
ROE 19.35% +49.2%
ROIC 12.48% +30.5%
Debt/Equity 1.33 -22.4%
Interest Coverage 4.00 +37.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓FCF machine: 20.3% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 16.1%
✓Share count reduced 3.7% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y19.96%

5Y7.07%

3Y7.07%

TTM3.71%

Profit (Net Income) CAGR

10Y20.72%

5Y-8.52%

3Y0.07%

TTM-58.49%

EPS CAGR

10Y22.26%

5Y-6.54%

3Y3.69%

TTM-56.43%

ROCE

10Y Avg19.86%

5Y Avg12.63%

3Y Avg12.18%

Latest13.34%

Peer Comparison

Outdoor Performance Brands

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
COLMColumbia Sportswear Company	2.97B	55.09	14.42	-3.4%	5.45%	11.27%	14.53%	0.25
GOOSCanada Goose Holdings Inc.	614.53M	13.34	13.75	1.09%	1.92%	5.18%	44.59%	1.33
PMNTPerfect Moment Ltd. Common Stock	13.6M	0.39	-0.39	-12.04%	-67.45%	-15.77%		2.37
VFCV.F. Corporation	7.49B	19.18	-39.14	-9.09%	0.95%	6.11%	4.53%	3.61

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	290.83M	403.78M	591.18M	830.5M	958.1M	903.7M	1.1B	1.22B	1.33B	1.35B
Revenue Growth %	0.33%	0.39%	0.46%	0.4%	0.15%	-0.06%	0.22%	0.11%	0.1%	0.01%
Cost of Goods Sold+	145.21M	191.71M	243.57M	313.7M	364.8M	358.9M	364.8M	401.8M	416.4M	405.3M
COGS % of Revenue	0.5%	0.47%	0.41%	0.38%	0.38%	0.4%	0.33%	0.33%	0.31%	0.3%
Gross Profit+	145.62M	212.07M	347.61M	516.8M	593.3M	544.8M	733.6M	815.2M	917.4M	943.1M
Gross Margin %	0.5%	0.53%	0.59%	0.62%	0.62%	0.6%	0.67%	0.67%	0.69%	0.7%
Gross Profit Growth %	0.64%	0.46%	0.64%	0.49%	0.15%	-0.08%	0.35%	0.11%	0.13%	0.03%
Operating Expenses+	104.67M	171.57M	209.48M	320.1M	406.2M	427.8M	574.1M	667.6M	792.9M	779M
OpEx % of Revenue	0.36%	0.42%	0.35%	0.39%	0.42%	0.47%	0.52%	0.55%	0.59%	0.58%
Selling, General & Admin	100.1M	164.97M	200.11M	302.1M	406.2M	450.6M	0	0	0	0
SG&A % of Revenue	0.34%	0.41%	0.34%	0.36%	0.42%	0.5%	-	-	-	-
Research & Development	0	0	0	0	0	5.3M	0	0	500K	200K
R&D % of Revenue	-	-	-	-	-	0.01%	-	-	0%	0%
Other Operating Expenses	4.57M	6.6M	9.37M	18M	0	-28.1M	574.1M	667.6M	792.4M	778.8M
Operating Income+	40.95M	40.5M	138.13M	196.7M	187.1M	117M	159.5M	147.6M	124.5M	164.1M
Operating Margin %	0.14%	0.1%	0.23%	0.24%	0.2%	0.13%	0.15%	0.12%	0.09%	0.12%
Operating Income Growth %	0.54%	-0.01%	2.41%	0.42%	-0.05%	-0.37%	0.36%	-0.07%	-0.16%	0.32%
EBITDA+	46.87M	49.02M	152.35M	219.4M	244.2M	148.1M	255.3M	256.7M	172.1M	209M
EBITDA Margin %	0.16%	0.12%	0.26%	0.26%	0.25%	0.16%	0.23%	0.21%	0.13%	0.15%
EBITDA Growth %	0.56%	0.05%	2.11%	0.44%	0.11%	-0.39%	0.72%	0.01%	-0.33%	0.21%
D&A (Non-Cash Add-back)	5.92M	8.52M	14.22M	22.7M	57.1M	31.1M	95.8M	109.1M	47.6M	44.9M
EBIT	40.81M	42M	137.9M	196.6M	179.7M	94.2M	167.9M	148.6M	164.9M	161.2M
Net Interest Income+	-7.54M	-10M	-12.9M	-14.2M	-15.03M	-22.2M	-28.3M	-31.2M	-42.3M	-38.2M
Interest Income	5K	2K	173K	500K	281.03K	556.95K	400K	900K	300K	2.8M
Interest Expense	7.85M	9.96M	12.89M	14.1M	15.32M	22.76M	28.7M	32.1M	42.6M	41M
Other Income/Expense	-8M	-9.96M	-12.86M	-14.2M	-28.4M	-30.9M	-41.8M	-54.1M	-48.8M	-36M
Pretax Income+	32.96M	30.54M	125.24M	182.5M	158.7M	86.1M	117.7M	93.5M	75.7M	128.1M
Pretax Margin %	0.11%	0.08%	0.21%	0.22%	0.17%	0.1%	0.11%	0.08%	0.06%	0.1%
Income Tax+	6.47M	8.9M	29.18M	38.9M	10.7M	15.8M	23.1M	24.6M	17.6M	24.5M
Effective Tax Rate %	0.8%	0.71%	0.77%	0.79%	0.93%	0.82%	0.8%	0.78%	0.77%	0.74%
Net Income+	26.48M	21.64M	96.06M	143.6M	148M	70.3M	94.6M	72.7M	58.4M	94.8M
Net Margin %	0.09%	0.05%	0.16%	0.17%	0.15%	0.08%	0.09%	0.06%	0.04%	0.07%
Net Income Growth %	0.84%	-0.18%	3.44%	0.49%	0.03%	-0.53%	0.35%	-0.23%	-0.2%	0.62%
Net Income (Continuing)	26.48M	21.6M	96.1M	143.6M	148M	70.3M	94.6M	68.9M	58.1M	103.6M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	8M	6.5M	15.4M
EPS (Diluted)+	0.25	0.21	0.86	1.28	1.36	0.64	0.87	0.69	0.57	0.97
EPS Growth %	0.92%	-0.16%	3.1%	0.49%	0.06%	-0.53%	0.36%	-0.21%	-0.17%	0.7%
EPS (Basic)	0.25	0.22	0.90	1.31	1.38	0.64	0.87	0.69	0.58	0.98
Diluted Shares Outstanding	108.06M	102.02M	111.52M	111.77M	111.17M	111.11M	109.15M	105.62M	101.82M	98.06M
Basic Shares Outstanding	106.31M	100.26M	107.25M	109.42M	109.89M	110.26M	108.3M	105.06M	100.82M	97.73M
Dividend Payout Ratio	-	11.74%	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	154.73M	163.22M	300.97M	413.2M	373.63M	896.9M	762.3M	863.2M	740.8M	875.2M
Cash & Short-Term Investments	7.23M	9.68M	95.29M	88.6M	22.27M	477.9M	287.7M	286.5M	144.9M	334.4M
Cash Only	7.23M	9.68M	95.29M	88.6M	22.27M	477.9M	287.7M	286.5M	144.9M	334.4M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	16.39M	12.93M	17M	24.4M	31.12M	40.9M	43.8M	51.8M	70.4M	93M
Days Sales Outstanding	20.57	11.68	10.5	10.72	11.86	16.52	14.55	15.54	19.27	25.17
Inventory	119.51M	125.46M	165.37M	267.3M	289.67M	342.3M	393.3M	472.6M	445.2M	384M
Days Inventory Outstanding	300.4	238.87	247.82	311.01	289.83	348.12	393.52	429.32	390.25	345.82
Other Current Assets	11.61M	15.16M	23.3M	36.9M	30.56M	35.8M	37.5M	52.3M	52.3M	63.8M
Total Non-Current Assets+	198.29M	217.65M	247.47M	312.2M	413.46M	581.6M	578.3M	726.8M	740.8M	741.5M
Property, Plant & Equipment	24.43M	36.47M	60.17M	84.3M	229.67M	350.2M	329.4M	447.8M	451.6M	441.8M
Fixed Asset Turnover	11.90x	11.07x	9.82x	9.85x	4.17x	2.58x	3.33x	2.72x	2.95x	3.05x
Goodwill	44.54M	45.27M	45.27M	53.1M	37.31M	53.1M	53.1M	63.9M	70.8M	72M
Intangible Assets	125.68M	131.91M	136.8M	155.6M	113.61M	124.8M	122.2M	135.1M	135.1M	131.9M
Long-Term Investments	-3.64M	-4M	2.18M	7M	4.15M	0	0	0	0	0
Other Non-Current Assets	3.64M	4M	0	0	70.26K	53.5M	20.4M	12.5M	7M	100K
Total Assets+	353.02M	380.87M	548.44M	725.4M	787.09M	1.48B	1.34B	1.59B	1.48B	1.62B
Asset Turnover	0.82x	1.06x	1.08x	1.14x	1.22x	0.61x	0.82x	0.77x	0.90x	0.83x
Asset Growth %	0.28%	0.08%	0.44%	0.32%	0.09%	0.88%	-0.09%	0.19%	-0.07%	0.09%
Total Current Liabilities+	49.98M	64.27M	133.6M	136.6M	146.77M	262.1M	281.5M	352.4M	309.9M	328.4M
Accounts Payable	12.55M	25.1M	28M	46.5M	37.45M	78.9M	63.9M	60.1M	57.6M	39.6M
Days Payables Outstanding	31.55	47.78	41.96	54.1	37.47	80.24	63.94	54.6	50.49	35.66
Short-Term Debt	1.25M	0	0	0	25.22M	0	3.8M	27.6M	9.4M	4.3M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.22M	17.32M	23.8M	30.7M	65.41M	59.8M	55.4M	46.8M	66.6M	74.3M
Current Ratio	3.10x	2.54x	2.25x	3.02x	2.55x	3.42x	2.71x	2.45x	2.39x	2.67x
Quick Ratio	0.70x	0.59x	1.01x	1.07x	0.57x	2.12x	1.31x	1.11x	0.95x	1.50x
Cash Conversion Cycle	289.41	202.77	216.35	267.63	264.22	284.4	344.14	390.26	359.02	335.33
Total Non-Current Liabilities+	160.34M	170.43M	171.23M	189.7M	274.84M	638.8M	631.2M	760.1M	748.2M	731.7M
Long-Term Debt	138.25M	146.09M	137.3M	145.2M	111.08M	367.8M	366.2M	391.6M	388.5M	407.7M
Capital Lease Obligations	0	0	0	0	147.26M	209.6M	192.2M	258.7M	250.6M	246.9M
Deferred Tax Liabilities	12.77M	10.89M	13.26M	16.7M	10.61M	0	15.8M	16.4M	17.2M	20.8M
Other Non-Current Liabilities	9.32M	13.45M	20.64M	27.8M	5.9M	61.4M	57M	93.4M	91.9M	56.3M
Total Liabilities	210.32M	234.7M	304.83M	326.3M	421.61M	900.9M	912.7M	1.11B	1.06B	1.06B
Total Debt+	139.5M	146.09M	137.07M	145.2M	283.56M	622.6M	620.7M	754M	728.4M	742.8M
Net Debt	132.27M	136.41M	41.78M	56.6M	261.28M	144.7M	333M	467.5M	583.5M	408.4M
Debt / Equity	0.98x	1.00x	0.56x	0.36x	0.78x	1.08x	1.45x	1.58x	1.72x	1.33x
Debt / EBITDA	2.98x	2.98x	0.90x	0.66x	1.16x	4.20x	2.43x	2.94x	4.23x	3.55x
Net Debt / EBITDA	2.82x	2.78x	0.27x	0.26x	1.07x	0.98x	1.30x	1.82x	3.39x	1.95x
Interest Coverage	5.22x	4.07x	10.72x	13.95x	12.22x	5.14x	5.56x	4.60x	2.92x	4.00x
Total Equity+	142.7M	146.17M	243.61M	399.1M	365.48M	577.6M	427.9M	477.5M	423.5M	556.6M
Equity Growth %	0.25%	0.02%	0.67%	0.64%	-0.08%	0.58%	-0.26%	0.12%	-0.11%	0.31%
Book Value per Share	1.32	1.43	2.18	3.57	3.29	5.20	3.92	4.52	4.16	5.68
Total Shareholders' Equity	142.7M	146.17M	243.61M	399.1M	365.48M	577.6M	427.9M	469.5M	417M	541.2M
Common Stock	3.35M	103.3M	106.09M	112.6M	80.58M	120.5M	118.5M	118.7M	104.9M	109.6M
Retained Earnings	25.43M	40.1M	136.16M	279.7M	273.58M	437.1M	290.4M	316.5M	252.5M	346.7M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-692K	-1.3M	-3.12M	-2.4M	281.03K	-5.2M	-17.2M	5.8M	5.2M	19.5M
Minority Interest	0	0	0	0	0	0	0	8M	6.5M	15.4M

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	-6.44M	39.33M	126.23M	73.4M	51.5M	151.6M	151.6M	116.3M	164.6M	292.4M
Operating CF Margin %	-0.02%	0.1%	0.21%	0.09%	0.05%	0.17%	0.14%	0.1%	0.12%	0.22%
Operating CF Growth %	-2.3%	7.11%	2.21%	-0.42%	-0.3%	1.94%	0%	-0.23%	0.42%	0.78%
Net Income	26.48M	21.64M	96.06M	143.6M	148M	94.6M	94.6M	68.9M	58.4M	103.6M
Depreciation & Amortization	5.92M	8.52M	14.22M	22.7M	57.1M	95.8M	95.8M	109.1M	126M	130.7M
Stock-Based Compensation	500K	3.27M	1.97M	3.8M	8.5M	14M	14M	15M	10.4M	15.2M
Deferred Taxes	6.47M	8.9M	29.18M	38.9M	10.7M	23.1M	23.1M	24.6M	17.6M	24.5M
Other Non-Cash Items	-7.97M	-22.87M	-12.88M	-34.9M	-42.2M	6.9M	6.9M	-25.9M	-58.3M	-14.2M
Working Capital Changes	-37.85M	19.87M	-2.32M	-100.7M	-130.6M	-82.8M	-82.8M	-75.4M	10.5M	32.6M
Change in Receivables	-3.37M	7.68M	-3.06M	3.4M	-10.6M	-8.7M	-8.7M	-4.6M	-12.4M	-11.2M
Change in Inventory	-49.78M	-5.96M	-39.51M	-87.3M	-141.8M	-60.7M	-60.7M	-49.9M	27.2M	62M
Change in Payables	13.93M	12.4M	35.94M	-25M	0	0	0	0	-9.5M	0
Cash from Investing+	-21.84M	-26.98M	-34.38M	-82.9M	-51.3M	-37.2M	-37.2M	-45.3M	-72.4M	-18.4M
Capital Expenditures	-21.84M	-26.27M	-33.8M	-49.3M	-45.3M	-35.7M	-35.7M	-45.9M	-55.5M	-18.2M
CapEx % of Revenue	0.08%	0.07%	0.06%	0.06%	0.05%	0.04%	0.03%	0.04%	0.04%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-6.77M	-10.5M	-7.7M	-19M	-6M	-1.5M	-1.5M	-2.2M	-1M	-200K
Cash from Financing+	29.59M	-9.9M	-7.93M	3.1M	-58.7M	-298.2M	-298.2M	-80.7M	-232.8M	-93.6M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-254.04M	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	225K	-1.8M	900K	3.1M	4.7M	-1M	-1M	8.6M	-100K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-28.28M	13.06M	92.43M	24.1M	200K	114.4M	114.4M	68.2M	108.1M	274M
FCF Margin %	-0.1%	0.03%	0.16%	0.03%	0%	0.13%	0.1%	0.06%	0.08%	0.2%
FCF Growth %	-26.12%	1.46%	6.08%	-0.74%	-0.99%	571%	0%	-0.4%	0.59%	1.53%
FCF per Share	-0.26	0.13	0.83	0.22	0.00	1.03	1.05	0.65	1.06	2.79
FCF Conversion (FCF/Net Income)	-0.24x	1.82x	1.31x	0.51x	0.35x	2.16x	1.60x	1.60x	2.82x	3.08x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	20.6%	14.98%	49.29%	44.69%	38.71%	14.91%	18.82%	16.06%	12.96%	19.35%
Return on Invested Capital (ROIC)	12.41%	10.9%	36.48%	39.81%	25.93%	13.01%	16.13%	12.98%	9.57%	12.48%
Gross Margin	50.07%	52.52%	58.8%	62.23%	61.92%	60.29%	66.79%	66.98%	68.78%	69.94%
Net Margin	9.11%	5.36%	16.25%	17.29%	15.45%	7.78%	8.61%	5.97%	4.38%	7.03%
Debt / Equity	0.98x	1.00x	0.56x	0.36x	0.78x	1.08x	1.45x	1.58x	1.72x	1.33x
Interest Coverage	5.22x	4.07x	10.72x	13.95x	12.22x	5.14x	5.56x	4.60x	2.92x	4.00x
FCF Conversion	-0.24x	1.82x	1.31x	0.51x	0.35x	2.16x	1.60x	1.60x	2.82x	3.08x
Revenue Growth	33.16%	38.84%	46.41%	40.48%	15.36%	-5.68%	21.54%	10.8%	9.6%	1.09%

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024	2025
North America	-	-	-	-	-	-	570.9M	579.5M
North America Growth	-	-	-	-	-	-	-	1.51%
Asia Pacific	-	-	-	-	-	354.2M	506.9M	537.8M
Asia Pacific Growth	-	-	-	-	-	-	43.11%	6.10%
CHINA	-	-	-	-	-	-	422.2M	426.5M
CHINA Growth	-	-	-	-	-	-	-	1.02%
UNITED STATES	184.25M	251.1M	279M	226.1M	303.7M	340.2M	324.6M	338.9M
UNITED STATES Growth	-	36.29%	11.11%	-18.96%	34.32%	12.02%	-4.59%	4.41%
CANADA	228.75M	293.3M	293.1M	217.7M	219.2M	241M	246.3M	240.6M
CANADA Growth	-	28.22%	-0.07%	-25.73%	0.69%	9.95%	2.20%	-2.31%
Asia Pacific Excluding China	-	-	-	-	-	-	84.7M	111.3M
Asia Pacific Excluding China Growth	-	-	-	-	-	-	-	31.40%
EMEA	-	-	-	-	246.9M	281.6M	-	-
EMEA Growth	-	-	-	-	-	14.05%	-	-
Asia	-	-	199.9M	262M	328.6M	-	-	-
Asia Growth	-	-	-	31.07%	25.42%	-	-	-
Europe and World	-	-	186.1M	197.9M	-	-	-	-
Europe and World Growth	-	-	-	6.34%	-	-	-	-
World	178.18M	286.1M	-	-	-	-	-	-
World Growth	-	60.56%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Canada Goose Holdings Inc. (GOOS) has a price-to-earnings (P/E) ratio of 13.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Canada Goose Holdings Inc. (GOOS) reported $1.37B in revenue for fiscal year 2025. This represents a 529% increase from $218.4M in 2015.

Canada Goose Holdings Inc. (GOOS) grew revenue by 1.1% over the past year. Growth has been modest.

Yes, Canada Goose Holdings Inc. (GOOS) is profitable, generating $26.4M in net income for fiscal year 2025 (7.0% net margin).

Dividend & Returns

Canada Goose Holdings Inc. (GOOS) has a return on equity (ROE) of 19.3%. This is reasonable for most industries.

Canada Goose Holdings Inc. (GOOS) generated $203.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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