At a glance
G-III Apparel Group Ltd is worth $1.25B, about 19 times its fiscal 2026 earnings. Revenue fell 7.0% to $2.96B in fiscal 2026, with 2.3% kept as profit; over 5 years it has grown 7.5% a year. It pays a 1.37% dividend yield, and returned $184.3M to shareholders in dividends and buybacks over FY2022–FY2026. The stock returned +5.2% over the past year with dividends reinvested and +0.8% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 77.4% in the 2020 crash (S&P 500: 33.7%) and 52.4% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 10 months and 14 months after the lows.
The business in plain English
G-III Apparel Group designs clothing and accessories, has them made by factories abroad, and markets them under more than 30 brands. Its range covers outerwear, dresses, sportswear, suit separates, jeans, swimwear, handbags, footwear and luggage. It supplies department stores and other retailers at wholesale, meaning in bulk for resale. It also reaches shoppers through its own stores and websites.
The company works with two kinds of brands. It owns DKNY, Donna Karan, Karl Lagerfeld, Vilebrequin and others. These made up about 57% of net sales in fiscal 2026 (the year ended January 31, 2026), up from 47% in fiscal 2024. DKNY brought in about $650 million and Karl Lagerfeld about $630 million. G-III also earns royalties by letting partners put these names on products such as fragrance and home goods. The other 43.0% of sales came from licensed brands, which are names G-III pays to use. They include Calvin Klein, Tommy Hilfiger, Levi's, Champion, Converse and the major US sports leagues.
Revenue was about $2.96 billion in fiscal 2026, with 77.3% from the United States and 22.7% from other countries. By fiscal 2020, the Calvin Klein and Tommy Hilfiger licenses had reached over $1 billion and $500 million in annual sales. Both expire in stages through December 31, 2027. G-III calls its owned brands central to its growth strategy.
Price history
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GIII +5.2% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By geography
| United States | $2.28B | 77.3% |
| Non-United States | $672.1M | 22.7% |
Latest results
- In Q2 FY2027 (ended Jul 31, 2026), revenue was $554.1M, down 9.6% from a year earlier, and net income was $20.2M (+84.8%).
- For fiscal 2026, revenue was $2.96B (-7.0% year over year; +7.5% a year from FY2021 to FY2026) with a 2.3% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | +7.5% good |
|---|---|
| Operating margin | 3.7% weak |
| Free cash flow margin | 8.9% watch |
| Return on equity (FY2026) | 3.8% weak |
| Return on assets (FY2026) | 2.6% weak |
| Net cash (cash minus debt) | $517.7M good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.06B | $23.5M | $58.7M |
| FY2022 | $2.77B | $200.6M | $167.5M |
| FY2023 | $3.23B | $-133.1M | $-126.1M |
| FY2024 | $3.10B | $176.2M | $562.9M |
| FY2025 | $3.18B | $193.6M | $274.9M |
| FY2026 | $2.96B | $67.4M | $263.9M |
Valuation snapshot
| Market value | $1.25B |
|---|---|
| P/E ratio | 19.4 |
| Dividend yield | 1.37% |
Rank among 1514 US companies
Market value at each year end
G-III Apparel Group Ltd’s market value went from $1.44B at the end of 2016 to $1.25B on Oct 28, 2026, down 13%; since the end of 2025 it is up 3%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $1.25B | +2.6% |
| 2025 | $1.22B | -14.7% |
| 2024 | $1.43B | -7.9% |
| 2023 | $1.55B | +138.7% |
| 2022 | $651.1M | -51.5% |
| 2021 | $1.34B | +16.9% |
| 2020 | $1.15B | -28.3% |
| 2019 | $1.60B | +16.4% |
| 2018 | $1.38B | -24.0% |
| 2017 | $1.81B | +25.9% |
| 2016 | $1.44B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| GIII price data to Oct 28, 2026 | +2.0% | +5.2% | +6.5% | +0.8% | +1.3% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +2.0% |
| 2025 | -10.9% |
| 2024 | -4.0% |
| 2023 | +147.8% |
| 2022 | -50.4% |
| 2021 | +16.4% |
| 2020 | -29.1% |
| 2019 | +20.1% |
| 2018 | -24.4% |
| 2017 | +24.8% |
| 2016 | -33.2% |
| 2015 | -12.4% |
| 2014 | +36.6% |
| 2013 | +116.1% |
| 2012 | +37.4% |
| 2011 | -29.1% |
| 2010 | +62.2% |
| 2009 | +239.1% |
| 2008 | -56.7% |
| 2007 | -21.6% |
| 2006 | +107.8% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 83.2% over that stretch · deepest drop along the way 83.8%, back to its old high 9.1 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 76.9% over that stretch · deepest drop along the way 77.4%, back to its old high 9.5 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 44.5% over that stretch · deepest drop along the way 52.4%, back to its old high 14.3 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 1 open-market purchases ($1.1M) and 2 sales ($2.9M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Dec 11, 2025 | Sammy Aaron Vice Chairman and President, Director | sell | $2.3M |
| Sep 14, 2026 | Morris Goldfarb CEO, Director | buy | $1.1M |
| Dec 12, 2025 | Sammy Aaron Vice Chairman and President, Director | sell | $613K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 13.4% | Mar 31, 2025 |
| Morris Goldfarb | 11.1% | Dec 31, 2025 |
| Vanguard Portfolio Management | 5.82% | Mar 31, 2026 |
| cobas asset management, sgiic, s.a. | 5.1% | Sep 8, 2025 |
| Pacer US Small Cap Cash Cows ETF | 1.13% | Mar 31, 2025 |
ETFs with the most weight in GIII
| XSVM Invesco S&P SmallCap Value with Momentum ETF | 1.21% |
| SIXS ETC 6 Meridian Small Cap Equity ETF | 1.16% |
| MYLD Cambria Micro and SmallCap Shareholder Yield ETF | 0.95% |
| FYT First Trust Small Cap Value AlphaDEX Fund | 0.63% |
| DSMC Distillate Small/Mid Cash Flow ETF | 0.48% |
| SQLV Royce Quant Small‑Cap Quality Value ETF | 0.47% |
| XSHQ Invesco S&P SmallCap Quality ETF | 0.33% |
| FYX First Trust Small Cap Core AlphaDEX Fund | 0.31% |
What could go wrong
- Calvin Klein and Tommy Hilfiger licenses are ending. Licensed products made up 43.0% of net sales in fiscal 2026. These two big licenses expire in stages through December 31, 2027, and brand owners can pick new partners even when G-III meets every term.
- Dependence on a few large retailers. G-III relies heavily on a small number of large retail customers. If one orders less, demands extra allowances (discounts or payments), closes stores or favors its own store brands, sales could fall.
- Owned brands must keep their appeal. Owned brands were about 57% of fiscal 2026 sales. If DKNY or Karl Lagerfeld lose appeal, sales could fall and G-III may book more trademark write-downs that cut profit, as in fiscal 2024 and 2025.
- Retail stores may keep losing money. G-III's own stores have lost money, and its turnaround plan may not fix them. Many sit in outlet malls, so weaker outlet traffic, mall closures and long lease commitments add risk.
- Tariffs and reliance on foreign factories. G-III depends on foreign manufacturers. New tariffs (taxes on imported goods) or import limits, plus shipping delays and higher freight costs, could raise costs or slow deliveries to retailers.
- A highly seasonal, weather-sensitive business. Sales are highly seasonal, and items such as outerwear and cold-weather accessories depend on the weather. Unseasonable weather, such as a warm winter, could leave goods unsold and squeeze profit margins.
Recent events
- Major agreement signed; Acquisition or sale of assets completed; Quarterly results released; Investor presentation or announcement
- Other company announcement
- Shareholder vote results
- Quarterly results released; Investor presentation or announcement
- Other company announcement
- Major agreement signed; New debt or financial obligation; Investor presentation or announcement
- Major agreement signed; Executive or board change
- Other company announcement
- Quarterly results released
- Executive or board change
For income and retirement investors
G-III paid no dividends from fiscal 2022 through 2025, then paid $0.10 per share in fiscal 2026 (the year ended January 31, 2026). That used just 6.3% of earnings and 1.6% of free cash flow, which is the cash left after running and investing in the business. The dividend yield was 1.37% as of October 28, 2026, and there is no record of increases yet. G-III has returned far more through buybacks, spending about $180 million to repurchase its own shares from fiscal 2022 to 2026. The share count fell 11.7% between December 2021 and September 2026.
The stock has fallen hard in downturns. It dropped 83.8% in the 2008 financial crisis, 77.4% in the 2020 COVID crash and 52.4% in the 2022 bear market. Each time, it took 9 to 14 months after the low to regain its prior high. With such a small payout, an income investor would rely mostly on the share price for returns. Single stocks carry more risk than diversified funds.
Questions investors ask
How does G-III Apparel make money?
G-III designs clothing and accessories and supplies them at wholesale, meaning in bulk, to department stores and other retailers. It also reaches shoppers through its own stores and websites, and earns royalties by licensing its brands to other companies. In fiscal 2026 (the year ended January 31, 2026), revenue was about $2.96 billion. Brands it owns made up about 57% of net sales, led by DKNY (about $650 million) and Karl Lagerfeld (about $630 million). Licensed brands such as Tommy Hilfiger and Levi's made up the other 43.0%.
Does G-III Apparel pay a dividend?
Yes, but the dividend is new and small. G-III paid no dividends from fiscal 2022 through 2025, then paid $0.10 per share in fiscal 2026, the year ended January 31, 2026. The dividend yield was 1.37% as of October 28, 2026. The payout used only 6.3% of fiscal 2026 earnings, so it is easily covered, but there is no record of increases. G-III's annual report (10-K) also says it cannot assure investors that it will pay dividends.
Is G-III losing the Calvin Klein and Tommy Hilfiger licenses?
Yes. G-III's annual report (10-K) says its Calvin Klein licenses expire in stages from December 31, 2024 through December 31, 2027. Its Tommy Hilfiger licenses expire from December 31, 2025 through December 31, 2027. Several Calvin Klein categories, such as women's dresses and suits, end December 31, 2026 with no renewal option. By fiscal 2020, Calvin Klein sales topped $1 billion a year and Tommy Hilfiger reached $500 million. G-III has added licenses such as Converse, BCBG and French Connection.
How much debt does G-III Apparel have?
Very little. As of July 31, 2026, G-III had about $529 million in cash and investments and about $11.5 million of total debt. That left net cash (cash minus debt) of about $518 million. G-III does have an asset-based lending (ABL) credit agreement, which is borrowing secured by assets such as inventory and receivables (money customers owe). Its 10-K warns that the agreement restricts some actions and that variable interest rates could raise borrowing costs.
How has GIII stock performed over the long term?
Modestly, with large swings along the way. As of October 28, 2026, the share price had gained about 0.8% a year over five years and 1.3% a year over ten years. Single calendar years ranged from a 50.4% loss in 2022 to a gain of about 148% in 2023. Over about 21 years of price history, the stock's deepest fall from a peak was 92.2%. Over the past year, it was up 5.2%.