The business behind the dividend
| Measure | GIII | Median | Formula |
|---|---|---|---|
| Return on equity | 3.8% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | 6.1% | 10.0% | Operating income ÷ (equity + total debt) |
| Owner earnings | $61.15m | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $263.92m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 3.7% | 14.3% | Operating income ÷ revenue |
| Net margin | 2.3% | 10.1% | Net income ÷ revenue |
| Debt to equity | 0.00x | 0.73x | Total debt ÷ shareholders’ equity |
| Interest cover | 29.82x | 4.22x | Operating income ÷ interest expense |
| Current ratio | 2.69x | 1.55x | Current assets ÷ current liabilities |
| Long-term debt to working capital | 0.01x | 1.88x | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | 4.44x | 1.66x | Operating cash flow ÷ net income |
| Accruals | -8.9% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | Median |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | 3.8% | 11.5% | 11.4% | -9.6% | 13.2% | 1.8% | 11.1% | 11.6% | 5.5% | 5.1% | 5.5% |
| Return on capital employed | 6.1% | 17.4% | 14.5% | -5.9% | 15.3% | 4.5% | 13.5% | — | — | 6.3% | 13.5% |
| Operating margin | 3.7% | 9.2% | 9.1% | -3.4% | 11.2% | 4.0% | 7.2% | 7.5% | 5.5% | 3.9% | 5.5% |
| Net margin | 2.3% | 6.1% | 5.7% | -4.1% | 7.3% | 1.1% | 4.6% | 4.5% | 2.2% | 2.2% | 2.3% |
| Debt to equity | 0.00x | 0.00x | 0.26x | 0.35x | 0.34x | 0.38x | 0.31x | — | — | 0.45x | 0.34x |
| Current ratio | 2.69x | 2.62x | 3.36x | 2.85x | 3.24x | 3.34x | 2.23x | 2.16x | 2.76x | 2.80x | 2.76x |
| Cash conversion | 4.44x | 1.63x | 3.34x | — | 0.93x | 3.18x | 1.45x | 0.75x | 1.28x | 2.04x | 1.63x |
How it compares in consumer discretionary
Among the 169 consumer discretionary companies here measured on free cash flow, G Iii Apparel Group pays out less than 165 of them. The median for that group is 33.1%, against this company’s 1.6%.
Closest on free cash flow
- Xenia Hotels & Resorts (XHR) 0.6%
- Madison Square Garden Sports (MSGS) 0.8%
- PVH (PVH) 1.4%
- Xponential Fitness (XPOF) 1.9%
Same sector and same denominator, so the figures are comparable. All 197 in consumer discretionary →