# Apparel Manufacturing — company-by-company sector analysis

> Apparel Manufacturing: PVH Corp. owns the largest revenue base; FIGS, Inc. has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-04. Not investment advice.

## Bottom line

Apparel Manufacturing has outperformed S&P 500 by 10.6% over 52 weeks and 5.6% over 13 weeks. 8 of 16 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 16 beat the sector itself. PVH Corp. leads with revenue of $8,991 million, based on 9 of 16 comparable companies through Jun 2026.

## Sector relative strength

Apparel Manufacturing has outperformed S&P 500 by 10.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 5.6%. 8 of 16 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Ermenegildo Zegna N.V. is the strongest against the sector itself at +16.9%.

13-week sector return versus NIFTY 500: 5.6%
52-week sector return versus NIFTY 500: 11%
Stocks leading NIFTY: 8/16
Stocks leading sector: 5/16

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 16
Combined market value: ₹72.2K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. G-III Apparel Group, Ltd. (GIII): 63/100 — Mixed-positive evidence; evidence 79%
   - Growth & earnings 16.4/35 | Capital efficiency 16.3/25 | Valuation 14.7/20 | Relative strength 15.1/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks
   - Exact sum: 16.4 + 16.3 + 14.7 + 15.1 = 62.5
   - Decision use: Price leads the evidence: RS versus the benchmark is 9.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
2. Kontoor Brands, Inc. (KTB): 61/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 20.1/35 | Capital efficiency 17.3/25 | Valuation 11.1/20 | Relative strength 12.9/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of the last 12 weeks
   - Exact sum: 20.1 + 17.3 + 11.1 + 12.9 = 61.4
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3. Levi Strauss & Co. (LEVI): 59/100 — Mixed-positive evidence; evidence 85%
   - Growth & earnings 20.8/35 | Capital efficiency 13.3/25 | Valuation 15.1/20 | Relative strength 9.9/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of the last 12 weeks
   - Exact sum: 20.8 + 13.3 + 15.1 + 9.9 = 59.1
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. PVH Corp. (PVH): 59/100 — Mixed-positive evidence; evidence 77%
   - Growth & earnings 24.1/35 | Capital efficiency 10.2/25 | Valuation 14.3/20 | Relative strength 10.0/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 5 of the last 12 weeks
   - Exact sum: 24.1 + 10.2 + 14.3 + 10 = 58.6
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. Ralph Lauren Corporation (RL): 57/100 — Mixed-positive evidence; evidence 81%
   - Growth & earnings 22.5/35 | Capital efficiency 15.4/25 | Valuation 11.9/20 | Relative strength 6.7/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 3 of the last 12 weeks
   - Exact sum: 22.5 + 15.4 + 11.9 + 6.7 = 56.5
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6. Superior Group of Companies, Inc. (SGC): 52/100 — Mixed-positive evidence; evidence 68%
   - Growth & earnings 16.1/35 | Capital efficiency 7.3/25 | Valuation 13.1/20 | Relative strength 15.8/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks
   - Exact sum: 16.1 + 7.3 + 13.1 + 15.8 = 52.3
   - Decision use: Price leads the evidence: RS versus the benchmark is 13.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
7. Under Armour, Inc. (UAA): 49/100 — Mixed-negative evidence; evidence 64%
   - Growth & earnings 17.1/35 | Capital efficiency 5.5/25 | Valuation 9.1/20 | Relative strength 16.8/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks
   - Exact sum: 17.1 + 5.5 + 9.1 + 16.8 = 48.5
   - Decision use: Price leads the evidence: RS versus the benchmark is 7.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8. Lakeland Industries, Inc. (LAKE): 46/100 — Mixed-negative evidence; evidence 61%
   - Growth & earnings 23.7/35 | Capital efficiency 7.2/25 | Valuation 8.7/20 | Relative strength 6.6/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of the last 12 weeks
   - Exact sum: 23.7 + 7.2 + 8.7 + 6.6 = 46.2
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.8% and the one-year return is -14.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
9. FIGS, Inc. (FIGS): 46/100 — Mixed-negative evidence; evidence 68%
   - Growth & earnings 23.1/35 | Capital efficiency 8.8/25 | Valuation 8.3/20 | Relative strength 5.4/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 23.1 + 8.8 + 8.3 + 5.4 = 45.6
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.8% and the one-year return is 74.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
10. Columbia Sportswear Company (COLM): 44/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 18.1/35 | Capital efficiency 10.8/25 | Valuation 10.7/20 | Relative strength 3.9/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks
   - Exact sum: 18.1 + 10.8 + 10.7 + 3.9 = 43.5
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11. Canada Goose Holdings Inc. (GOOS): 36/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 19.3/35 | Capital efficiency 7.2/25 | Valuation 9.5/20 | Relative strength 0.4/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 19.3 + 7.2 + 9.5 + 0.4 = 36.4
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12. Gildan Activewear Inc. (GIL): 36/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 12.1/35 | Capital efficiency 12.4/25 | Valuation 8.5/20 | Relative strength 2.5/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 12.1 + 12.4 + 8.5 + 2.5 = 35.5
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13. Oxford Industries, Inc. (OXM): 32/100 — Adverse evidence; evidence 69%
   - Growth & earnings 4.9/35 | Capital efficiency 10.9/25 | Valuation 11.5/20 | Relative strength 4.8/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks
   - Exact sum: 4.9 + 10.9 + 11.5 + 4.8 = 32.1
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14. V.F. Corporation (VFC): 32/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 17.0/35 | Capital efficiency 4.7/25 | Valuation 9.7/20 | Relative strength 0.6/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 17 + 4.7 + 9.7 + 0.6 = 32
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15. Ermenegildo Zegna N.V. (ZGN): 56/100 — Thin evidence · provisional; evidence 38%
   - Growth & earnings 17.0/35 | Capital efficiency 11.9/25 | Valuation 9.9/20 | Relative strength 17.0/20
   - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks
   - Exact sum: 17 + 11.9 + 9.9 + 17 = 55.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
16. JX Luxventure Group Inc. (JXG): 49/100 — Thin evidence · provisional; evidence 32%
   - Growth & earnings 15.9/35 | Capital efficiency 6.8/25 | Valuation 10.3/20 | Relative strength 16.4/20
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of 8 weeks with a reading, within the last 12, ending 2026-07-10 (no longer priced)
   - Exact sum: 15.9 + 6.8 + 10.3 + 16.4 = 49.4
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Market action

Ermenegildo Zegna N.V. has the strongest one-year price move in Apparel Manufacturing at +91.8%. It also leads on Mansfield relative strength against the S&P 500 at +22%. 8 of 16 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

### Strongest one-year price performers
1. Ermenegildo Zegna N.V. (ZGN): 92%
2. FIGS, Inc. (FIGS): 74%
3. G-III Apparel Group, Ltd. (GIII): 50%
4. Ralph Lauren Corporation (RL): 31%
5. V.F. Corporation (VFC): 29%

### Strongest relative strength versus NIFTY 500
1. Ermenegildo Zegna N.V. (ZGN): 22%
2. JX Luxventure Group Inc. (JXG): 20%
3. Superior Group of Companies, Inc. (SGC): 13%
4. G-III Apparel Group, Ltd. (GIII): 9.5%
5. Under Armour, Inc. (UAA): 7.3%

## Revenue Scale & Growth Durability

What the numbers say: PVH Corp. is the scale leader at $8,991 million, 10.8% ahead of Ralph Lauren Corporation. FIGS, Inc.'s growth is 18.9% from a $667 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: PVH Corp. is the scale benchmark; FIGS, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: PVH Corp.'s growth falls below FIGS, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Evidence: PVH Corp. · $8,991 million | 10.8% versus #2 · Ralph Lauren Corporation | 5/8 recent comparable periods | 9/16 companies · 284 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. PVH Corp. (PVH): ₹9.0K Cr
2. Ralph Lauren Corporation (RL): ₹8.1K Cr
3. Levi Strauss & Co. (LEVI): ₹6.6K Cr
4. Under Armour, Inc. (UAA): ₹5.0K Cr
5. G-III Apparel Group, Ltd. (GIII): ₹2.9K Cr

### Revenue growth — fastest growers
1. FIGS, Inc. (FIGS): 19%
2. Ralph Lauren Corporation (RL): 15%
3. Lakeland Industries, Inc. (LAKE): 7.8%
4. Levi Strauss & Co. (LEVI): 7.3%
5. PVH Corp. (PVH): 3.5%

### 20-quarter Revenue history
- RL: Sep 2021 ₹1.5K Cr | Dec 2021 ₹1.8K Cr | Mar 2022 — | Jun 2022 ₹1.5K Cr | Sep 2022 ₹1.5K Cr | Dec 2022 ₹1.6K Cr | Mar 2023 — | Jun 2023 ₹1.5K Cr | Sep 2023 ₹1.5K Cr | Dec 2023 ₹1.9K Cr | Mar 2024 ₹1.6K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.7K Cr | Dec 2024 ₹2.1K Cr | Mar 2025 ₹1.7K Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹2.0K Cr | Dec 2025 ₹2.4K Cr | Mar 2026 ₹2.0K Cr | Jun 2026 —
- GIL: Sep 2021 ₹747 Cr | Dec 2021 ₹802 Cr | Mar 2022 ₹784 Cr | Jun 2022 ₹775 Cr | Sep 2022 ₹896 Cr | Dec 2022 ₹850 Cr | Mar 2023 ₹720 Cr | Jun 2023 ₹703 Cr | Sep 2023 ₹840 Cr | Dec 2023 ₹870 Cr | Mar 2024 ₹696 Cr | Jun 2024 ₹862 Cr | Sep 2024 ₹891 Cr | Dec 2024 ₹822 Cr | Mar 2025 ₹712 Cr | Jun 2025 ₹919 Cr | Sep 2025 ₹911 Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.2K Cr | Jun 2026 —
- LEVI: Sep 2021 ₹1.5K Cr | Dec 2021 ₹1.7K Cr | Mar 2022 ₹1.6K Cr | Jun 2022 ₹1.5K Cr | Sep 2022 ₹1.5K Cr | Dec 2022 ₹1.6K Cr | Mar 2023 ₹1.7K Cr | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.5K Cr | Dec 2023 ₹1.6K Cr | Mar 2024 ₹1.5K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.4K Cr | Dec 2024 ₹1.8K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.8K Cr | Mar 2026 ₹1.7K Cr | Jun 2026 ₹1.6K Cr
- VFC: Sep 2021 ₹2.2K Cr | Dec 2021 ₹3.2K Cr | Mar 2022 ₹3.6K Cr | Jun 2022 ₹2.8K Cr | Sep 2022 ₹2.3K Cr | Dec 2022 ₹3.1K Cr | Mar 2023 — | Jun 2023 ₹2.2K Cr | Sep 2023 ₹2.1K Cr | Dec 2023 ₹2.8K Cr | Mar 2024 ₹2.2K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹2.8K Cr | Dec 2024 ₹2.8K Cr | Mar 2025 ₹2.1K Cr | Jun 2025 ₹1.8K Cr | Sep 2025 ₹2.8K Cr | Dec 2025 ₹2.9K Cr | Mar 2026 ₹2.2K Cr | Jun 2026 —
- KTB: Sep 2021 ₹652 Cr | Dec 2021 ₹681 Cr | Mar 2022 ₹680 Cr | Jun 2022 ₹614 Cr | Sep 2022 ₹607 Cr | Dec 2022 ₹732 Cr | Mar 2023 ₹667 Cr | Jun 2023 ₹616 Cr | Sep 2023 ₹655 Cr | Dec 2023 ₹670 Cr | Mar 2024 ₹631 Cr | Jun 2024 ₹607 Cr | Sep 2024 ₹670 Cr | Dec 2024 ₹699 Cr | Mar 2025 ₹423 Cr | Jun 2025 ₹658 Cr | Sep 2025 ₹853 Cr | Dec 2025 — | Mar 2026 ₹1.0K Cr | Jun 2026 ₹613 Cr
- PVH: Sep 2021 ₹2.3K Cr | Dec 2021 ₹2.3K Cr | Mar 2022 ₹2.4K Cr | Jun 2022 ₹2.1K Cr | Sep 2022 ₹2.1K Cr | Dec 2022 ₹2.3K Cr | Mar 2023 ₹2.5K Cr | Jun 2023 ₹2.2K Cr | Sep 2023 ₹2.2K Cr | Dec 2023 ₹2.4K Cr | Mar 2024 — | Jun 2024 ₹2.0K Cr | Sep 2024 ₹2.1K Cr | Dec 2024 ₹2.3K Cr | Mar 2025 ₹2.4K Cr | Jun 2025 ₹2.0K Cr | Sep 2025 ₹2.2K Cr | Dec 2025 ₹2.3K Cr | Mar 2026 ₹2.5K Cr | Jun 2026 ₹2.0K Cr
- ZGN: Sep 2021 — | Dec 2021 ₹689 Cr | Mar 2022 — | Jun 2022 ₹729 Cr | Sep 2022 — | Dec 2022 ₹764 Cr | Mar 2023 — | Jun 2023 ₹903 Cr | Sep 2023 — | Dec 2023 ₹1.0K Cr | Mar 2024 — | Jun 2024 ₹960 Cr | Sep 2024 — | Dec 2024 ₹987 Cr | Mar 2025 — | Jun 2025 ₹928 Cr | Sep 2025 — | Dec 2025 ₹989 Cr | Mar 2026 — | Jun 2026 —
- COLM: Sep 2021 ₹805 Cr | Dec 2021 ₹1.1K Cr | Mar 2022 ₹762 Cr | Jun 2022 ₹578 Cr | Sep 2022 ₹955 Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹821 Cr | Jun 2023 ₹621 Cr | Sep 2023 ₹986 Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹770 Cr | Jun 2024 ₹570 Cr | Sep 2024 ₹932 Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹778 Cr | Jun 2025 ₹605 Cr | Sep 2025 ₹943 Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹779 Cr | Jun 2026 —
- UAA: Sep 2021 ₹1.5K Cr | Dec 2021 ₹1.5K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.3K Cr | Sep 2022 ₹1.6K Cr | Dec 2022 ₹1.6K Cr | Mar 2023 ₹1.4K Cr | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.4K Cr | Dec 2024 ₹1.4K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹1.3K Cr | Dec 2025 ₹1.3K Cr | Mar 2026 ₹1.2K Cr | Jun 2026 —
- FIGS: Sep 2021 ₹103 Cr | Dec 2021 ₹129 Cr | Mar 2022 ₹110 Cr | Jun 2022 ₹122 Cr | Sep 2022 ₹129 Cr | Dec 2022 ₹145 Cr | Mar 2023 ₹120 Cr | Jun 2023 ₹138 Cr | Sep 2023 ₹142 Cr | Dec 2023 ₹145 Cr | Mar 2024 ₹119 Cr | Jun 2024 ₹144 Cr | Sep 2024 ₹140 Cr | Dec 2024 ₹152 Cr | Mar 2025 ₹125 Cr | Jun 2025 ₹153 Cr | Sep 2025 ₹152 Cr | Dec 2025 ₹202 Cr | Mar 2026 ₹160 Cr | Jun 2026 —
- GIII: Sep 2021 ₹483 Cr | Dec 2021 ₹1.0K Cr | Mar 2022 ₹748 Cr | Jun 2022 ₹689 Cr | Sep 2022 ₹605 Cr | Dec 2022 ₹1.1K Cr | Mar 2023 ₹854 Cr | Jun 2023 ₹607 Cr | Sep 2023 ₹660 Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹765 Cr | Jun 2024 ₹610 Cr | Sep 2024 ₹645 Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹840 Cr | Jun 2025 ₹584 Cr | Sep 2025 ₹613 Cr | Dec 2025 ₹989 Cr | Mar 2026 ₹771 Cr | Jun 2026 ₹536 Cr
- GOOS: Sep 2021 ₹233 Cr | Dec 2021 — | Mar 2022 ₹586 Cr | Jun 2022 ₹223 Cr | Sep 2022 ₹70 Cr | Dec 2022 ₹277 Cr | Mar 2023 ₹577 Cr | Jun 2023 ₹293 Cr | Sep 2023 ₹85 Cr | Dec 2023 ₹281 Cr | Mar 2024 ₹358 Cr | Jun 2024 ₹88 Cr | Sep 2024 ₹268 Cr | Dec 2024 ₹608 Cr | Mar 2025 ₹385 Cr | Jun 2025 ₹108 Cr | Sep 2025 ₹273 Cr | Dec 2025 ₹695 Cr | Mar 2026 ₹453 Cr | Jun 2026 —
- OXM: Sep 2021 ₹329 Cr | Dec 2021 ₹248 Cr | Mar 2022 ₹300 Cr | Jun 2022 ₹353 Cr | Sep 2022 ₹363 Cr | Dec 2022 ₹313 Cr | Mar 2023 ₹382 Cr | Jun 2023 ₹420 Cr | Sep 2023 ₹420 Cr | Dec 2023 ₹327 Cr | Mar 2024 ₹404 Cr | Jun 2024 ₹398 Cr | Sep 2024 ₹420 Cr | Dec 2024 ₹308 Cr | Mar 2025 ₹391 Cr | Jun 2025 ₹393 Cr | Sep 2025 ₹403 Cr | Dec 2025 ₹307 Cr | Mar 2026 ₹374 Cr | Jun 2026 ₹391 Cr
- SGC: Sep 2021 ₹123 Cr | Dec 2021 ₹142 Cr | Mar 2022 ₹144 Cr | Jun 2022 ₹148 Cr | Sep 2022 ₹139 Cr | Dec 2022 ₹149 Cr | Mar 2023 ₹131 Cr | Jun 2023 ₹129 Cr | Sep 2023 ₹136 Cr | Dec 2023 ₹147 Cr | Mar 2024 ₹139 Cr | Jun 2024 ₹132 Cr | Sep 2024 ₹150 Cr | Dec 2024 ₹145 Cr | Mar 2025 ₹137 Cr | Jun 2025 ₹144 Cr | Sep 2025 ₹138 Cr | Dec 2025 ₹147 Cr | Mar 2026 ₹141 Cr | Jun 2026 —
- LAKE: Sep 2021 ₹27 Cr | Dec 2021 ₹30 Cr | Mar 2022 ₹27 Cr | Jun 2022 ₹27 Cr | Sep 2022 ₹28 Cr | Dec 2022 ₹28 Cr | Mar 2023 ₹29 Cr | Jun 2023 ₹29 Cr | Sep 2023 ₹33 Cr | Dec 2023 ₹32 Cr | Mar 2024 ₹31 Cr | Jun 2024 ₹36 Cr | Sep 2024 ₹39 Cr | Dec 2024 ₹46 Cr | Mar 2025 ₹47 Cr | Jun 2025 ₹47 Cr | Sep 2025 ₹52 Cr | Dec 2025 ₹48 Cr | Mar 2026 ₹46 Cr | Jun 2026 ₹47 Cr
- JXG: Sep 2021 — | Dec 2021 ₹46 Cr | Mar 2022 — | Jun 2022 ₹51 Cr | Sep 2022 — | Dec 2022 ₹28 Cr | Mar 2023 — | Jun 2023 ₹22 Cr | Sep 2023 — | Dec 2023 ₹10 Cr | Mar 2024 — | Jun 2024 ₹28 Cr | Sep 2024 — | Dec 2024 ₹22 Cr | Mar 2025 — | Jun 2025 ₹25 Cr | Sep 2025 — | Dec 2025 ₹58 Cr | Mar 2026 — | Jun 2026 —

### 20-quarter Revenue growth history
- RL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 11% | Sep 2022 -0.9% | Dec 2022 -13% | Mar 2023 — | Jun 2023 1.2% | Sep 2023 0.4% | Dec 2023 22% | Mar 2024 — | Jun 2024 -1.9% | Sep 2024 15% | Dec 2024 11% | Mar 2025 8.2% | Jun 2025 14% | Sep 2025 17% | Dec 2025 12% | Mar 2026 17% | Jun 2026 —
- GIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 20% | Dec 2022 6.0% | Mar 2023 -8.2% | Jun 2023 -9.3% | Sep 2023 -6.3% | Dec 2023 2.4% | Mar 2024 -3.3% | Jun 2024 23% | Sep 2024 6.1% | Dec 2024 -5.5% | Mar 2025 2.3% | Jun 2025 6.6% | Sep 2025 2.2% | Dec 2025 31% | Mar 2026 64% | Jun 2026 —
- LEVI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 1.3% | Dec 2022 -5.7% | Mar 2023 6.1% | Jun 2023 -9.1% | Sep 2023 -0.4% | Dec 2023 3.3% | Mar 2024 -12% | Jun 2024 1.7% | Sep 2024 -4.5% | Dec 2024 6.6% | Mar 2025 3.2% | Jun 2025 6.4% | Sep 2025 6.9% | Dec 2025 0.9% | Mar 2026 14% | Jun 2026 8.0%
- VFC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 3.1% | Dec 2022 -3.7% | Mar 2023 — | Jun 2023 -22% | Sep 2023 -7.8% | Dec 2023 -9.8% | Mar 2024 — | Jun 2024 -20% | Sep 2024 32% | Dec 2024 1.9% | Mar 2025 -4.6% | Jun 2025 -0.5% | Sep 2025 1.6% | Dec 2025 1.5% | Mar 2026 1.0% | Jun 2026 —
- KTB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 25% | Sep 2022 -6.9% | Dec 2022 7.5% | Mar 2023 -1.9% | Jun 2023 0.3% | Sep 2023 7.9% | Dec 2023 -8.5% | Mar 2024 -5.4% | Jun 2024 -1.5% | Sep 2024 2.3% | Dec 2024 4.3% | Mar 2025 -33% | Jun 2025 8.4% | Sep 2025 27% | Dec 2025 — | Mar 2026 141% | Jun 2026 -6.8%
- PVH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -7.8% | Dec 2022 -2.2% | Mar 2023 2.4% | Jun 2023 1.7% | Sep 2023 3.5% | Dec 2023 3.6% | Mar 2024 — | Jun 2024 -9.6% | Sep 2024 -6.0% | Dec 2024 -4.6% | Mar 2025 — | Jun 2025 1.6% | Sep 2025 4.5% | Dec 2025 1.7% | Mar 2026 5.6% | Jun 2026 2.1%
- ZGN: Sep 2021 — | Dec 2021 13% | Mar 2022 — | Jun 2022 21% | Sep 2022 — | Dec 2022 11% | Mar 2023 — | Jun 2023 24% | Sep 2023 — | Dec 2023 31% | Mar 2024 — | Jun 2024 6.3% | Sep 2024 — | Dec 2024 -1.4% | Mar 2025 — | Jun 2025 -3.3% | Sep 2025 — | Dec 2025 0.2% | Mar 2026 — | Jun 2026 —
- COLM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.1% | Sep 2022 19% | Dec 2022 3.5% | Mar 2023 7.7% | Jun 2023 7.4% | Sep 2023 3.3% | Dec 2023 -9.4% | Mar 2024 -6.2% | Jun 2024 -8.2% | Sep 2024 -5.5% | Dec 2024 3.5% | Mar 2025 1.0% | Jun 2025 6.1% | Sep 2025 1.2% | Dec 2025 -2.5% | Mar 2026 0.1% | Jun 2026 —
- UAA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -0.2% | Sep 2022 1.8% | Dec 2022 3.5% | Mar 2023 7.5% | Jun 2023 -2.4% | Sep 2023 -0.4% | Dec 2023 -6.1% | Mar 2024 -4.7% | Jun 2024 -10% | Sep 2024 -11% | Dec 2024 -5.7% | Mar 2025 -11% | Jun 2025 -4.2% | Sep 2025 -4.7% | Dec 2025 -5.2% | Mar 2026 -0.9% | Jun 2026 —
- FIGS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 21% | Sep 2022 25% | Dec 2022 12% | Mar 2023 9.1% | Jun 2023 13% | Sep 2023 10% | Dec 2023 0.0% | Mar 2024 -0.8% | Jun 2024 4.4% | Sep 2024 -1.4% | Dec 2024 4.8% | Mar 2025 5.0% | Jun 2025 6.3% | Sep 2025 8.6% | Dec 2025 33% | Mar 2026 28% | Jun 2026 —
- GIII: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 25% | Dec 2022 6.2% | Mar 2023 14% | Jun 2023 -12% | Sep 2023 9.1% | Dec 2023 -1.0% | Mar 2024 -10% | Jun 2024 0.5% | Sep 2024 -2.3% | Dec 2024 1.9% | Mar 2025 9.8% | Jun 2025 -4.3% | Sep 2025 -5.0% | Dec 2025 -9.0% | Mar 2026 -8.2% | Jun 2026 -8.2%
- GOOS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 298% | Sep 2022 -70% | Dec 2022 — | Mar 2023 -1.5% | Jun 2023 31% | Sep 2023 21% | Dec 2023 1.4% | Mar 2024 -38% | Jun 2024 -70% | Sep 2024 215% | Dec 2024 116% | Mar 2025 7.5% | Jun 2025 23% | Sep 2025 1.9% | Dec 2025 14% | Mar 2026 18% | Jun 2026 —
- OXM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 10% | Dec 2022 26% | Mar 2023 27% | Jun 2023 19% | Sep 2023 16% | Dec 2023 4.5% | Mar 2024 5.8% | Jun 2024 -5.2% | Sep 2024 0.0% | Dec 2024 -5.8% | Mar 2025 -3.2% | Jun 2025 -1.3% | Sep 2025 -4.1% | Dec 2025 -0.3% | Mar 2026 -4.4% | Jun 2026 -0.5%
- SGC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 13% | Sep 2022 13% | Dec 2022 4.9% | Mar 2023 -9.0% | Jun 2023 -13% | Sep 2023 -2.2% | Dec 2023 -1.3% | Mar 2024 6.1% | Jun 2024 2.3% | Sep 2024 10% | Dec 2024 -1.4% | Mar 2025 -1.4% | Jun 2025 9.1% | Sep 2025 -8.0% | Dec 2025 1.4% | Mar 2026 2.9% | Jun 2026 —
- LAKE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 3.7% | Dec 2022 -6.7% | Mar 2023 7.4% | Jun 2023 7.4% | Sep 2023 18% | Dec 2023 14% | Mar 2024 6.9% | Jun 2024 24% | Sep 2024 18% | Dec 2024 44% | Mar 2025 52% | Jun 2025 31% | Sep 2025 33% | Dec 2025 4.4% | Mar 2026 -2.1% | Jun 2026 0.0%
- JXG: Sep 2021 — | Dec 2021 667% | Mar 2022 — | Jun 2022 292% | Sep 2022 — | Dec 2022 -39% | Mar 2023 — | Jun 2023 -57% | Sep 2023 — | Dec 2023 -64% | Mar 2024 — | Jun 2024 27% | Sep 2024 — | Dec 2024 120% | Mar 2025 — | Jun 2025 -11% | Sep 2025 — | Dec 2025 164% | Mar 2026 — | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: G-III Apparel Group, Ltd. leads opm at 15.9%; PVH Corp. leads margin change at +22.8 percentage points.

Investor read: G-III Apparel Group, Ltd. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: G-III Apparel Group, Ltd. · 15.9% | 8.2% versus #2 · Kontoor Brands, Inc. | 3/8 recent comparable periods | 14/16 companies · 266 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. G-III Apparel Group, Ltd. (GIII): 16%
2. Kontoor Brands, Inc. (KTB): 15%
3. Canada Goose Holdings Inc. (GOOS): 14%
4. Ralph Lauren Corporation (RL): 9.5%
5. Levi Strauss & Co. (LEVI): 7.8%

### Margin change — fastest expanders
1. PVH Corp. (PVH): +22.8 pp
2. Lakeland Industries, Inc. (LAKE): +14.7 pp
3. G-III Apparel Group, Ltd. (GIII): +14.4 pp
4. V.F. Corporation (VFC): +6.2 pp
5. Under Armour, Inc. (UAA): +3.2 pp

### 20-quarter OPM history
- RL: Sep 2021 17% | Dec 2021 16% | Mar 2022 — | Jun 2022 2.4% | Sep 2022 12% | Dec 2022 13% | Mar 2023 — | Jun 2023 2.6% | Sep 2023 11% | Dec 2023 16% | Mar 2024 6.9% | Jun 2024 14% | Sep 2024 10% | Dec 2024 18% | Mar 2025 9.1% | Jun 2025 16% | Sep 2025 12% | Dec 2025 20% | Mar 2026 9.5% | Jun 2026 —
- GIL: Sep 2021 21% | Dec 2021 25% | Mar 2022 23% | Jun 2022 21% | Sep 2022 19% | Dec 2022 21% | Mar 2023 13% | Jun 2023 18% | Sep 2023 22% | Dec 2023 18% | Mar 2024 15% | Jun 2024 16% | Sep 2024 22% | Dec 2024 22% | Mar 2025 18% | Jun 2025 22% | Sep 2025 21% | Dec 2025 9.2% | Mar 2026 -0.1% | Jun 2026 —
- LEVI: Sep 2021 14% | Dec 2021 11% | Mar 2022 15% | Jun 2022 5.2% | Sep 2022 13% | Dec 2022 8.6% | Mar 2023 9.3% | Jun 2023 0.7% | Sep 2023 2.3% | Dec 2023 9.3% | Mar 2024 0.0% | Jun 2024 1.5% | Sep 2024 2.3% | Dec 2024 12% | Mar 2025 13% | Jun 2025 7.5% | Sep 2025 11% | Dec 2025 12% | Mar 2026 11% | Jun 2026 7.8%
- VFC: Sep 2021 9.2% | Dec 2021 18% | Mar 2022 19% | Jun 2022 6.8% | Sep 2022 2.8% | Dec 2022 -2.9% | Mar 2023 — | Jun 2023 -7.3% | Sep 2023 -0.4% | Dec 2023 -3.3% | Mar 2024 -17% | Jun 2024 -7.0% | Sep 2024 9.9% | Dec 2024 8.0% | Mar 2025 -3.4% | Jun 2025 -4.9% | Sep 2025 11% | Dec 2025 10% | Mar 2026 2.8% | Jun 2026 —
- KTB: Sep 2021 13% | Dec 2021 10% | Mar 2022 16% | Jun 2022 15% | Sep 2022 12% | Dec 2022 12% | Mar 2023 14% | Jun 2023 10% | Sep 2023 13% | Dec 2023 11% | Mar 2024 13% | Jun 2024 12% | Sep 2024 15% | Dec 2024 12% | Mar 2025 7.4% | Jun 2025 12% | Sep 2025 7.5% | Dec 2025 — | Mar 2026 12% | Jun 2026 15%
- PVH: Sep 2021 12% | Dec 2021 16% | Mar 2022 9.2% | Jun 2022 9.9% | Sep 2022 8.3% | Dec 2022 -9.4% | Mar 2023 12% | Jun 2023 9.2% | Sep 2023 6.5% | Dec 2023 9.7% | Mar 2024 — | Jun 2024 11% | Sep 2024 8.4% | Dec 2024 8.1% | Mar 2025 8.9% | Jun 2025 -17% | Sep 2025 6.1% | Dec 2025 7.9% | Mar 2026 9.9% | Jun 2026 6.1%
- COLM: Sep 2021 17% | Dec 2021 19% | Mar 2022 11% | Jun 2022 1.5% | Sep 2022 15% | Dec 2022 13% | Mar 2023 6.9% | Jun 2023 1.0% | Sep 2023 14% | Dec 2023 11% | Mar 2024 5.8% | Jun 2024 -4.2% | Sep 2024 12% | Dec 2024 13% | Mar 2025 6.0% | Jun 2025 -3.9% | Sep 2025 7.1% | Dec 2025 11% | Mar 2026 5.4% | Jun 2026 —
- UAA: Sep 2021 11% | Dec 2021 5.6% | Mar 2022 -3.5% | Jun 2022 2.6% | Sep 2022 7.6% | Dec 2022 6.0% | Mar 2023 2.5% | Jun 2023 1.7% | Sep 2023 8.9% | Dec 2023 4.8% | Mar 2024 -0.3% | Jun 2024 -25% | Sep 2024 12% | Dec 2024 1.0% | Mar 2025 -6.1% | Jun 2025 0.3% | Sep 2025 1.3% | Dec 2025 -11% | Mar 2026 -2.9% | Jun 2026 —
- FIGS: Sep 2021 10% | Dec 2021 13% | Mar 2022 13% | Jun 2022 7.7% | Sep 2022 8.7% | Dec 2022 2.2% | Mar 2023 2.7% | Jun 2023 4.8% | Sep 2023 7.0% | Dec 2023 9.8% | Mar 2024 0.4% | Jun 2024 1.1% | Sep 2024 -6.2% | Dec 2024 5.9% | Mar 2025 -0.2% | Jun 2025 6.5% | Sep 2025 6.4% | Dec 2025 9.3% | Mar 2026 2.8% | Jun 2026 —
- GIII: Sep 2021 8.1% | Dec 2021 16% | Mar 2022 9.0% | Jun 2022 7.9% | Sep 2022 5.2% | Dec 2022 9.0% | Mar 2023 -34% | Jun 2023 2.5% | Sep 2023 4.8% | Dec 2023 18% | Mar 2024 6.1% | Jun 2024 2.2% | Sep 2024 6.4% | Dec 2024 15% | Mar 2025 8.5% | Jun 2025 1.5% | Sep 2025 2.7% | Dec 2025 11% | Mar 2026 -3.8% | Jun 2026 16%
- GOOS: Sep 2021 5.4% | Dec 2021 — | Mar 2022 35% | Jun 2022 1.7% | Sep 2022 -118% | Dec 2022 7.8% | Mar 2023 33% | Jun 2023 6.0% | Sep 2023 -118% | Dec 2023 0.8% | Mar 2024 6.5% | Jun 2024 -110% | Sep 2024 0.6% | Dec 2024 34% | Mar 2025 14% | Jun 2025 -147% | Sep 2025 -6.5% | Dec 2025 29% | Mar 2026 14% | Jun 2026 —
- OXM: Sep 2021 21% | Dec 2021 12% | Mar 2022 11% | Jun 2022 22% | Sep 2022 21% | Dec 2022 8.7% | Mar 2023 11% | Jun 2023 19% | Sep 2023 16% | Dec 2023 4.4% | Mar 2024 -20% | Jun 2024 13% | Sep 2024 13% | Dec 2024 -2.0% | Mar 2025 5.2% | Jun 2025 9.2% | Sep 2025 6.3% | Dec 2025 -28% | Mar 2026 -2.1% | Jun 2026 5.7%
- SGC: Sep 2021 8.3% | Dec 2021 3.3% | Mar 2022 4.9% | Jun 2022 -19% | Sep 2022 -11% | Dec 2022 0.0% | Mar 2023 2.7% | Jun 2023 3.1% | Sep 2023 4.2% | Dec 2023 3.8% | Mar 2024 4.6% | Jun 2024 1.7% | Sep 2024 5.4% | Dec 2024 2.7% | Mar 2025 0.2% | Jun 2025 2.1% | Sep 2025 3.3% | Dec 2025 3.7% | Mar 2026 1.4% | Jun 2026 —
- LAKE: Sep 2021 15% | Dec 2021 14% | Mar 2022 4.2% | Jun 2022 5.3% | Sep 2022 6.4% | Dec 2022 7.8% | Mar 2023 0.3% | Jun 2023 6.8% | Sep 2023 11% | Dec 2023 11% | Mar 2024 -11% | Jun 2024 6.1% | Sep 2024 -4.1% | Dec 2024 1.8% | Mar 2025 -23% | Jun 2025 -9.9% | Sep 2025 -7.7% | Dec 2025 -3.4% | Mar 2026 -11% | Jun 2026 4.8%

### 20-quarter Margin change history
- RL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −13.6 pp | Sep 2022 −4.9 pp | Dec 2022 −2.8 pp | Mar 2023 — | Jun 2023 +0.2 pp | Sep 2023 −0.7 pp | Dec 2023 +3.3 pp | Mar 2024 — | Jun 2024 +11.2 pp | Sep 2024 −0.7 pp | Dec 2024 +1.8 pp | Mar 2025 +2.2 pp | Jun 2025 +2.1 pp | Sep 2025 +1.8 pp | Dec 2025 +1.4 pp | Mar 2026 +0.4 pp | Jun 2026 —
- GIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.0 pp | Dec 2022 −4.6 pp | Mar 2023 −9.7 pp | Jun 2023 −2.7 pp | Sep 2023 +2.3 pp | Dec 2023 −2.7 pp | Mar 2024 +2.2 pp | Jun 2024 −1.8 pp | Sep 2024 0.0 pp | Dec 2024 +4.0 pp | Mar 2025 +3.1 pp | Jun 2025 +5.3 pp | Sep 2025 −0.6 pp | Dec 2025 −12.6 pp | Mar 2026 −18.3 pp | Jun 2026 —
- LEVI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.3 pp | Dec 2022 −2.5 pp | Mar 2023 −5.4 pp | Jun 2023 −4.5 pp | Sep 2023 −10.8 pp | Dec 2023 +0.7 pp | Mar 2024 −9.3 pp | Jun 2024 +0.8 pp | Sep 2024 0.0 pp | Dec 2024 +2.6 pp | Mar 2025 +12.5 pp | Jun 2025 +6.0 pp | Sep 2025 +8.5 pp | Dec 2025 0.0 pp | Mar 2026 −1.1 pp | Jun 2026 +0.3 pp
- VFC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −6.4 pp | Dec 2022 −20.4 pp | Mar 2023 — | Jun 2023 −14.1 pp | Sep 2023 −3.2 pp | Dec 2023 −0.4 pp | Mar 2024 — | Jun 2024 +0.3 pp | Sep 2024 +10.3 pp | Dec 2024 +11.3 pp | Mar 2025 +13.2 pp | Jun 2025 +2.1 pp | Sep 2025 +1.3 pp | Dec 2025 +2.1 pp | Mar 2026 +6.2 pp | Jun 2026 —
- KTB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +7.3 pp | Sep 2022 −0.8 pp | Dec 2022 +1.5 pp | Mar 2023 −1.7 pp | Jun 2023 −4.2 pp | Sep 2023 +0.7 pp | Dec 2023 −0.3 pp | Mar 2024 −0.8 pp | Jun 2024 +2.1 pp | Sep 2024 +1.6 pp | Dec 2024 +0.8 pp | Mar 2025 −6.0 pp | Jun 2025 −0.5 pp | Sep 2025 −7.2 pp | Dec 2025 — | Mar 2026 +4.5 pp | Jun 2026 +2.8 pp
- PVH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.8 pp | Dec 2022 −25.6 pp | Mar 2023 +2.7 pp | Jun 2023 −0.7 pp | Sep 2023 −1.8 pp | Dec 2023 +19.1 pp | Mar 2024 — | Jun 2024 +1.3 pp | Sep 2024 +1.9 pp | Dec 2024 −1.6 pp | Mar 2025 — | Jun 2025 −27.2 pp | Sep 2025 −2.3 pp | Dec 2025 −0.2 pp | Mar 2026 +1.0 pp | Jun 2026 +22.8 pp
- COLM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −4.7 pp | Sep 2022 −1.4 pp | Dec 2022 −5.4 pp | Mar 2023 −4.1 pp | Jun 2023 −0.5 pp | Sep 2023 −1.5 pp | Dec 2023 −2.6 pp | Mar 2024 −1.1 pp | Jun 2024 −5.2 pp | Sep 2024 −1.6 pp | Dec 2024 +1.8 pp | Mar 2025 +0.2 pp | Jun 2025 +0.3 pp | Sep 2025 −5.0 pp | Dec 2025 −1.6 pp | Mar 2026 −0.6 pp | Jun 2026 —
- UAA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −6.4 pp | Sep 2022 −3.5 pp | Dec 2022 +0.4 pp | Mar 2023 +6.0 pp | Jun 2023 −0.9 pp | Sep 2023 +1.3 pp | Dec 2023 −1.2 pp | Mar 2024 −2.8 pp | Jun 2024 −27.0 pp | Sep 2024 +3.5 pp | Dec 2024 −3.8 pp | Mar 2025 −5.8 pp | Jun 2025 +25.6 pp | Sep 2025 −11.1 pp | Dec 2025 −12.3 pp | Mar 2026 +3.2 pp | Jun 2026 —
- FIGS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +39.4 pp | Sep 2022 −1.6 pp | Dec 2022 −10.6 pp | Mar 2023 −9.8 pp | Jun 2023 −2.9 pp | Sep 2023 −1.7 pp | Dec 2023 +7.6 pp | Mar 2024 −2.3 pp | Jun 2024 −3.7 pp | Sep 2024 −13.2 pp | Dec 2024 −3.9 pp | Mar 2025 −0.6 pp | Jun 2025 +5.4 pp | Sep 2025 +12.6 pp | Dec 2025 +3.4 pp | Mar 2026 +3.0 pp | Jun 2026 —
- GIII: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.9 pp | Dec 2022 −6.6 pp | Mar 2023 −43.2 pp | Jun 2023 −5.4 pp | Sep 2023 −0.4 pp | Dec 2023 +8.8 pp | Mar 2024 +40.3 pp | Jun 2024 −0.3 pp | Sep 2024 +1.6 pp | Dec 2024 −2.5 pp | Mar 2025 +2.4 pp | Jun 2025 −0.7 pp | Sep 2025 −3.7 pp | Dec 2025 −3.9 pp | Mar 2026 −12.3 pp | Jun 2026 +14.4 pp
- GOOS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +111.5 pp | Sep 2022 −123.0 pp | Dec 2022 — | Mar 2023 −1.9 pp | Jun 2023 +4.3 pp | Sep 2023 0.0 pp | Dec 2023 −7.0 pp | Mar 2024 −26.6 pp | Jun 2024 −116.0 pp | Sep 2024 +118.2 pp | Dec 2024 +32.8 pp | Mar 2025 +7.8 pp | Jun 2025 −37.2 pp | Sep 2025 −7.1 pp | Dec 2025 −4.8 pp | Mar 2026 0.0 pp | Jun 2026 —
- OXM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −3.7 pp | Mar 2023 −0.2 pp | Jun 2023 −2.4 pp | Sep 2023 −4.6 pp | Dec 2023 −4.3 pp | Mar 2024 −30.6 pp | Jun 2024 −5.9 pp | Sep 2024 −3.6 pp | Dec 2024 −6.4 pp | Mar 2025 +25.3 pp | Jun 2025 −4.0 pp | Sep 2025 −6.2 pp | Dec 2025 −25.7 pp | Mar 2026 −7.3 pp | Jun 2026 −3.5 pp
- SGC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −23.7 pp | Sep 2022 −19.2 pp | Dec 2022 −3.3 pp | Mar 2023 −2.2 pp | Jun 2023 +22.3 pp | Sep 2023 +15.1 pp | Dec 2023 +3.8 pp | Mar 2024 +1.9 pp | Jun 2024 −1.4 pp | Sep 2024 +1.2 pp | Dec 2024 −1.1 pp | Mar 2025 −4.4 pp | Jun 2025 +0.4 pp | Sep 2025 −2.1 pp | Dec 2025 +1.0 pp | Mar 2026 +1.2 pp | Jun 2026 —
- LAKE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −8.4 pp | Dec 2022 −6.3 pp | Mar 2023 −3.9 pp | Jun 2023 +1.5 pp | Sep 2023 +4.9 pp | Dec 2023 +3.6 pp | Mar 2024 −10.9 pp | Jun 2024 −0.7 pp | Sep 2024 −15.4 pp | Dec 2024 −9.6 pp | Mar 2025 −12.3 pp | Jun 2025 −16.0 pp | Sep 2025 −3.6 pp | Dec 2025 −5.2 pp | Mar 2026 +11.5 pp | Jun 2026 +14.7 pp

## Profit Scale & Acceleration

What the numbers say: Ralph Lauren Corporation leads with $942 million of TTM profit, 70% above Levi Strauss & Co.. Levi Strauss & Co. shows 31% growth from a $554 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Ralph Lauren Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Ralph Lauren Corporation · $942 million | 70% versus #2 · Levi Strauss & Co. | 8/8 recent comparable periods | 9/16 companies · 285 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Ralph Lauren Corporation (RL): ₹942 Cr
2. Levi Strauss & Co. (LEVI): ₹554 Cr
3. PVH Corp. (PVH): ₹158 Cr
4. G-III Apparel Group, Ltd. (GIII): ₹127 Cr
5. FIGS, Inc. (FIGS): ₹41 Cr

### Profit growth — fastest growers
1. Levi Strauss & Co. (LEVI): 31%
2. Ralph Lauren Corporation (RL): 27%
3. G-III Apparel Group, Ltd. (GIII): -35%
4. Oxford Industries, Inc. (OXM): -148%

### 20-quarter Net profit history
- RL: Sep 2021 ₹193 Cr | Dec 2021 ₹218 Cr | Mar 2022 — | Jun 2022 ₹24 Cr | Sep 2022 ₹123 Cr | Dec 2022 ₹151 Cr | Mar 2023 — | Jun 2023 ₹32 Cr | Sep 2023 ₹132 Cr | Dec 2023 ₹277 Cr | Mar 2024 ₹91 Cr | Jun 2024 ₹169 Cr | Sep 2024 ₹148 Cr | Dec 2024 ₹297 Cr | Mar 2025 ₹129 Cr | Jun 2025 ₹220 Cr | Sep 2025 ₹208 Cr | Dec 2025 ₹362 Cr | Mar 2026 ₹152 Cr | Jun 2026 —
- GIL: Sep 2021 ₹146 Cr | Dec 2021 ₹188 Cr | Mar 2022 ₹174 Cr | Jun 2022 ₹146 Cr | Sep 2022 ₹158 Cr | Dec 2022 ₹153 Cr | Mar 2023 ₹84 Cr | Jun 2023 ₹98 Cr | Sep 2023 ₹155 Cr | Dec 2023 ₹127 Cr | Mar 2024 ₹79 Cr | Jun 2024 ₹58 Cr | Sep 2024 ₹131 Cr | Dec 2024 ₹132 Cr | Mar 2025 ₹85 Cr | Jun 2025 ₹138 Cr | Sep 2025 ₹120 Cr | Dec 2025 ₹51 Cr | Mar 2026 ₹-55 Cr | Jun 2026 —
- LEVI: Sep 2021 ₹193 Cr | Dec 2021 ₹153 Cr | Mar 2022 ₹196 Cr | Jun 2022 ₹50 Cr | Sep 2022 ₹173 Cr | Dec 2022 ₹151 Cr | Mar 2023 ₹115 Cr | Jun 2023 ₹-2 Cr | Sep 2023 ₹10 Cr | Dec 2023 ₹127 Cr | Mar 2024 ₹-10 Cr | Jun 2024 ₹17 Cr | Sep 2024 ₹23 Cr | Dec 2024 ₹180 Cr | Mar 2025 ₹140 Cr | Jun 2025 ₹80 Cr | Sep 2025 ₹122 Cr | Dec 2025 ₹160 Cr | Mar 2026 ₹177 Cr | Jun 2026 ₹95 Cr
- VFC: Sep 2021 ₹154 Cr | Dec 2021 ₹464 Cr | Mar 2022 ₹518 Cr | Jun 2022 ₹80 Cr | Sep 2022 ₹-56 Cr | Dec 2022 ₹-118 Cr | Mar 2023 — | Jun 2023 ₹-215 Cr | Sep 2023 ₹-57 Cr | Dec 2023 ₹-92 Cr | Mar 2024 ₹-412 Cr | Jun 2024 ₹-152 Cr | Sep 2024 ₹203 Cr | Dec 2024 ₹169 Cr | Mar 2025 ₹-150 Cr | Jun 2025 ₹-116 Cr | Sep 2025 ₹190 Cr | Dec 2025 ₹301 Cr | Mar 2026 ₹-119 Cr | Jun 2026 —
- KTB: Sep 2021 ₹63 Cr | Dec 2021 ₹44 Cr | Mar 2022 ₹81 Cr | Jun 2022 ₹62 Cr | Sep 2022 ₹51 Cr | Dec 2022 ₹52 Cr | Mar 2023 ₹66 Cr | Jun 2023 ₹36 Cr | Sep 2023 ₹60 Cr | Dec 2023 ₹69 Cr | Mar 2024 ₹60 Cr | Jun 2024 ₹77 Cr | Sep 2024 ₹103 Cr | Dec 2024 ₹87 Cr | Mar 2025 ₹10 Cr | Jun 2025 ₹74 Cr | Sep 2025 ₹35 Cr | Dec 2025 — | Mar 2026 ₹126 Cr | Jun 2026 ₹61 Cr
- PVH: Sep 2021 ₹182 Cr | Dec 2021 ₹280 Cr | Mar 2022 ₹391 Cr | Jun 2022 ₹133 Cr | Sep 2022 ₹115 Cr | Dec 2022 ₹-187 Cr | Mar 2023 ₹139 Cr | Jun 2023 ₹136 Cr | Sep 2023 ₹94 Cr | Dec 2023 ₹162 Cr | Mar 2024 ₹272 Cr | Jun 2024 ₹151 Cr | Sep 2024 ₹158 Cr | Dec 2024 ₹132 Cr | Mar 2025 ₹157 Cr | Jun 2025 ₹-45 Cr | Sep 2025 ₹224 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹-158 Cr | Jun 2026 ₹88 Cr
- ZGN: Sep 2021 — | Dec 2021 ₹-160 Cr | Mar 2022 — | Jun 2022 ₹21 Cr | Sep 2022 — | Dec 2022 ₹44 Cr | Mar 2023 — | Jun 2023 ₹52 Cr | Sep 2023 — | Dec 2023 ₹84 Cr | Mar 2024 — | Jun 2024 ₹31 Cr | Sep 2024 — | Dec 2024 ₹60 Cr | Mar 2025 — | Jun 2025 ₹48 Cr | Sep 2025 — | Dec 2025 ₹62 Cr | Mar 2026 — | Jun 2026 —
- COLM: Sep 2021 ₹101 Cr | Dec 2021 ₹157 Cr | Mar 2022 ₹67 Cr | Jun 2022 ₹7 Cr | Sep 2022 ₹112 Cr | Dec 2022 ₹126 Cr | Mar 2023 ₹46 Cr | Jun 2023 ₹8 Cr | Sep 2023 ₹104 Cr | Dec 2023 ₹93 Cr | Mar 2024 ₹42 Cr | Jun 2024 ₹-12 Cr | Sep 2024 ₹90 Cr | Dec 2024 ₹103 Cr | Mar 2025 ₹42 Cr | Jun 2025 ₹-10 Cr | Sep 2025 ₹52 Cr | Dec 2025 ₹93 Cr | Mar 2026 ₹34 Cr | Jun 2026 —
- UAA: Sep 2021 ₹113 Cr | Dec 2021 ₹110 Cr | Mar 2022 ₹-60 Cr | Jun 2022 ₹8 Cr | Sep 2022 ₹87 Cr | Dec 2022 ₹122 Cr | Mar 2023 ₹171 Cr | Jun 2023 ₹10 Cr | Sep 2023 ₹105 Cr | Dec 2023 ₹111 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹-305 Cr | Sep 2024 ₹170 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹-67 Cr | Jun 2025 ₹-3 Cr | Sep 2025 ₹-19 Cr | Dec 2025 ₹-431 Cr | Mar 2026 ₹-43 Cr | Jun 2026 —
- FIGS: Sep 2021 ₹7 Cr | Dec 2021 ₹13 Cr | Mar 2022 ₹9 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹4 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹5 Cr | Sep 2023 ₹6 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹-2 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹7 Cr | Sep 2025 ₹9 Cr | Dec 2025 ₹19 Cr | Mar 2026 ₹6 Cr | Jun 2026 —
- GIII: Sep 2021 ₹19 Cr | Dec 2021 ₹106 Cr | Mar 2022 ₹48 Cr | Jun 2022 ₹31 Cr | Sep 2022 ₹36 Cr | Dec 2022 ₹61 Cr | Mar 2023 ₹-262 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹127 Cr | Mar 2024 ₹28 Cr | Jun 2024 ₹6 Cr | Sep 2024 ₹24 Cr | Dec 2024 ₹115 Cr | Mar 2025 ₹49 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹81 Cr | Mar 2026 ₹-32 Cr | Jun 2026 ₹67 Cr
- GOOS: Sep 2021 ₹10 Cr | Dec 2021 — | Mar 2022 ₹151 Cr | Jun 2022 ₹-9 Cr | Sep 2022 ₹-64 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹138 Cr | Jun 2023 ₹-10 Cr | Sep 2023 ₹-85 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹-74 Cr | Sep 2024 ₹6 Cr | Dec 2024 ₹144 Cr | Mar 2025 ₹28 Cr | Jun 2025 ₹-126 Cr | Sep 2025 ₹-17 Cr | Dec 2025 ₹138 Cr | Mar 2026 ₹33 Cr | Jun 2026 —
- OXM: Sep 2021 ₹51 Cr | Dec 2021 ₹26 Cr | Mar 2022 ₹25 Cr | Jun 2022 ₹57 Cr | Sep 2022 ₹57 Cr | Dec 2022 ₹20 Cr | Mar 2023 ₹32 Cr | Jun 2023 ₹59 Cr | Sep 2023 ₹51 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹-60 Cr | Jun 2024 ₹38 Cr | Sep 2024 ₹41 Cr | Dec 2024 ₹-4 Cr | Mar 2025 ₹18 Cr | Jun 2025 ₹26 Cr | Sep 2025 ₹17 Cr | Dec 2025 ₹-64 Cr | Mar 2026 ₹-7 Cr | Jun 2026 ₹15 Cr
- SGC: Sep 2021 ₹8 Cr | Dec 2021 ₹4 Cr | Mar 2022 ₹5 Cr | Jun 2022 ₹-27 Cr | Sep 2022 ₹-13 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹-1 Cr | Jun 2025 ₹2 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹1 Cr | Jun 2026 —
- LAKE: Sep 2021 ₹3 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹1 Cr | Sep 2022 ₹-1 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹-1 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹-1 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹-18 Cr | Jun 2025 ₹-4 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹-16 Cr | Mar 2026 ₹-6 Cr | Jun 2026 ₹0 Cr
- JXG: Sep 2021 — | Dec 2021 ₹-32 Cr | Mar 2022 — | Jun 2022 ₹-19 Cr | Sep 2022 — | Dec 2022 ₹-54 Cr | Mar 2023 — | Jun 2023 ₹2 Cr | Sep 2023 — | Dec 2023 ₹1 Cr | Mar 2024 — | Jun 2024 ₹3 Cr | Sep 2024 — | Dec 2024 ₹0 Cr | Mar 2025 — | Jun 2025 ₹2 Cr | Sep 2025 — | Dec 2025 ₹-13 Cr | Mar 2026 — | Jun 2026 —

### 20-quarter Profit growth history
- RL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -85% | Sep 2022 -36% | Dec 2022 -31% | Mar 2023 — | Jun 2023 33% | Sep 2023 7.3% | Dec 2023 83% | Mar 2024 — | Jun 2024 428% | Sep 2024 12% | Dec 2024 7.2% | Mar 2025 42% | Jun 2025 30% | Sep 2025 41% | Dec 2025 22% | Mar 2026 18% | Jun 2026 —
- GIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 8.2% | Dec 2022 -19% | Mar 2023 -52% | Jun 2023 -33% | Sep 2023 -1.9% | Dec 2023 -17% | Mar 2024 -6.0% | Jun 2024 -41% | Sep 2024 -15% | Dec 2024 3.9% | Mar 2025 7.6% | Jun 2025 138% | Sep 2025 -8.4% | Dec 2025 -61% | Mar 2026 -165% | Jun 2026 —
- LEVI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -10% | Dec 2022 -1.3% | Mar 2023 -41% | Jun 2023 -104% | Sep 2023 -94% | Dec 2023 -16% | Mar 2024 -109% | Jun 2024 — | Sep 2024 130% | Dec 2024 42% | Mar 2025 — | Jun 2025 371% | Sep 2025 430% | Dec 2025 -11% | Mar 2026 26% | Jun 2026 19%
- VFC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -136% | Dec 2022 -125% | Mar 2023 — | Jun 2023 -369% | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -6.4% | Dec 2025 78% | Mar 2026 — | Jun 2026 —
- KTB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 158% | Sep 2022 -19% | Dec 2022 18% | Mar 2023 -19% | Jun 2023 -42% | Sep 2023 18% | Dec 2023 33% | Mar 2024 -9.1% | Jun 2024 114% | Sep 2024 72% | Dec 2024 26% | Mar 2025 -83% | Jun 2025 -3.9% | Sep 2025 -66% | Dec 2025 — | Mar 2026 1,160% | Jun 2026 -18%
- PVH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -37% | Dec 2022 -167% | Mar 2023 -64% | Jun 2023 2.3% | Sep 2023 -18% | Dec 2023 — | Mar 2024 96% | Jun 2024 11% | Sep 2024 68% | Dec 2024 -19% | Mar 2025 -42% | Jun 2025 -130% | Sep 2025 42% | Dec 2025 -97% | Mar 2026 -201% | Jun 2026 —
- ZGN: Sep 2021 — | Dec 2021 -490% | Mar 2022 — | Jun 2022 -34% | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 148% | Sep 2023 — | Dec 2023 91% | Mar 2024 — | Jun 2024 -40% | Sep 2024 — | Dec 2024 -29% | Mar 2025 — | Jun 2025 55% | Sep 2025 — | Dec 2025 3.3% | Mar 2026 — | Jun 2026 —
- COLM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -83% | Sep 2022 11% | Dec 2022 -20% | Mar 2023 -31% | Jun 2023 14% | Sep 2023 -7.1% | Dec 2023 -26% | Mar 2024 -8.7% | Jun 2024 -250% | Sep 2024 -13% | Dec 2024 11% | Mar 2025 0.0% | Jun 2025 — | Sep 2025 -42% | Dec 2025 -9.7% | Mar 2026 -19% | Jun 2026 —
- UAA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -86% | Sep 2022 -23% | Dec 2022 11% | Mar 2023 — | Jun 2023 25% | Sep 2023 21% | Dec 2023 -9.0% | Mar 2024 -96% | Jun 2024 -3,150% | Sep 2024 62% | Dec 2024 -99% | Mar 2025 -1,057% | Jun 2025 — | Sep 2025 -111% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- FIGS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -43% | Dec 2022 -77% | Mar 2023 -78% | Jun 2023 0.0% | Sep 2023 50% | Dec 2023 233% | Mar 2024 -50% | Jun 2024 -80% | Sep 2024 -133% | Dec 2024 -80% | Mar 2025 -100% | Jun 2025 600% | Sep 2025 — | Dec 2025 850% | Mar 2026 — | Jun 2026 —
- GIII: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 89% | Dec 2022 -42% | Mar 2023 -646% | Jun 2023 -90% | Sep 2023 -56% | Dec 2023 108% | Mar 2024 — | Jun 2024 100% | Sep 2024 50% | Dec 2024 -9.5% | Mar 2025 75% | Jun 2025 33% | Sep 2025 -54% | Dec 2025 -30% | Mar 2026 -165% | Jun 2026 738%
- GOOS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -740% | Dec 2022 — | Mar 2023 -8.6% | Jun 2023 — | Sep 2023 — | Dec 2023 -20% | Mar 2024 -94% | Jun 2024 — | Sep 2024 — | Dec 2024 3,500% | Mar 2025 250% | Jun 2025 — | Sep 2025 -383% | Dec 2025 -4.2% | Mar 2026 18% | Jun 2026 —
- OXM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 12% | Dec 2022 -23% | Mar 2023 28% | Jun 2023 3.5% | Sep 2023 -11% | Dec 2023 -45% | Mar 2024 -288% | Jun 2024 -36% | Sep 2024 -20% | Dec 2024 -136% | Mar 2025 — | Jun 2025 -32% | Sep 2025 -59% | Dec 2025 — | Mar 2026 -139% | Jun 2026 -42%
- SGC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -550% | Sep 2022 -263% | Dec 2022 -50% | Mar 2023 -80% | Jun 2023 — | Sep 2023 — | Dec 2023 100% | Mar 2024 300% | Jun 2024 0.0% | Sep 2024 67% | Dec 2024 -50% | Mar 2025 -125% | Jun 2025 100% | Sep 2025 -40% | Dec 2025 50% | Mar 2026 — | Jun 2026 —
- LAKE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -133% | Dec 2022 -67% | Mar 2023 -100% | Jun 2023 0.0% | Sep 2023 — | Dec 2023 200% | Mar 2024 — | Jun 2024 100% | Sep 2024 -150% | Dec 2024 -100% | Mar 2025 — | Jun 2025 -300% | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- JXG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 50% | Sep 2024 — | Dec 2024 -100% | Mar 2025 — | Jun 2025 -33% | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

## Return On Capital Employed

What the numbers say: Kontoor Brands, Inc. leads ROCE at 5.4%, 1.3 percentage points above G-III Apparel Group, Ltd.. Canada Goose Holdings Inc. has the strongest latest improvement at +5.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Kontoor Brands, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Kontoor Brands, Inc. · 5.4% | 31.7% versus #2 · G-III Apparel Group, Ltd. | 5/8 recent comparable periods | 16/16 companies · 300 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Kontoor Brands, Inc. (KTB): 5.4%
2. G-III Apparel Group, Ltd. (GIII): 4.1%
3. Ralph Lauren Corporation (RL): 3.5%
4. Gildan Activewear Inc. (GIL): 3.2%
5. Levi Strauss & Co. (LEVI): 2.6%

### ROCE change — fastest improvers
1. Canada Goose Holdings Inc. (GOOS): +5.6 pp
2. PVH Corp. (PVH): +5.3 pp
3. Lakeland Industries, Inc. (LAKE): +4.1 pp
4. G-III Apparel Group, Ltd. (GIII): +3.7 pp
5. Columbia Sportswear Company (COLM): +2.6 pp

### 20-quarter ROCE history
- RL: Sep 2021 4.2% | Dec 2021 4.7% | Mar 2022 — | Jun 2022 0.6% | Sep 2022 3.2% | Dec 2022 3.8% | Mar 2023 — | Jun 2023 0.7% | Sep 2023 3.2% | Dec 2023 6.0% | Mar 2024 2.1% | Jun 2024 4.0% | Sep 2024 3.6% | Dec 2024 7.7% | Mar 2025 3.1% | Jun 2025 5.2% | Sep 2025 4.8% | Dec 2025 8.8% | Mar 2026 3.5% | Jun 2026 —
- GIL: Sep 2021 — | Dec 2021 7.8% | Mar 2022 6.6% | Jun 2022 5.8% | Sep 2022 6.5% | Dec 2022 6.5% | Mar 2023 3.4% | Jun 2023 4.4% | Sep 2023 6.2% | Dec 2023 5.5% | Mar 2024 3.5% | Jun 2024 4.7% | Sep 2024 6.7% | Dec 2024 6.3% | Mar 2025 4.1% | Jun 2025 6.2% | Sep 2025 6.5% | Dec 2025 1.8% | Mar 2026 0.0% | Jun 2026 3.2%
- LEVI: Sep 2021 — | Dec 2021 4.6% | Mar 2022 5.9% | Jun 2022 1.9% | Sep 2022 4.8% | Dec 2022 3.4% | Mar 2023 3.9% | Jun 2023 0.2% | Sep 2023 0.9% | Dec 2023 3.7% | Mar 2024 0.0% | Jun 2024 0.5% | Sep 2024 0.8% | Dec 2024 5.6% | Mar 2025 4.4% | Jun 2025 2.4% | Sep 2025 3.7% | Dec 2025 6.4% | Mar 2026 4.3% | Jun 2026 2.6%
- VFC: Sep 2021 — | Dec 2021 5.2% | Mar 2022 6.3% | Jun 2022 1.8% | Sep 2022 0.6% | Dec 2022 -1.0% | Mar 2023 — | Jun 2023 -1.6% | Sep 2023 -0.1% | Dec 2023 -1.0% | Mar 2024 -4.0% | Jun 2024 -1.4% | Sep 2024 3.3% | Dec 2024 2.8% | Mar 2025 -1.0% | Jun 2025 -1.3% | Sep 2025 4.4% | Dec 2025 4.0% | Mar 2026 0.9% | Jun 2026 -1.3%
- KTB: Sep 2021 7.4% | Dec 2021 6.2% | Mar 2022 9.9% | Jun 2022 8.2% | Sep 2022 6.7% | Dec 2022 7.6% | Mar 2023 8.1% | Jun 2023 5.5% | Sep 2023 7.2% | Dec 2023 6.3% | Mar 2024 6.7% | Jun 2024 6.1% | Sep 2024 8.0% | Dec 2024 6.7% | Mar 2025 2.5% | Jun 2025 4.6% | Sep 2025 3.8% | Dec 2025 — | Mar 2026 7.5% | Jun 2026 5.4%
- PVH: Sep 2021 — | Dec 2021 3.6% | Mar 2022 2.2% | Jun 2022 2.1% | Sep 2022 1.8% | Dec 2022 -2.3% | Mar 2023 3.2% | Jun 2023 2.1% | Sep 2023 1.6% | Dec 2023 2.7% | Mar 2024 4.1% | Jun 2024 2.3% | Sep 2024 2.1% | Dec 2024 2.2% | Mar 2025 2.5% | Jun 2025 -3.9% | Sep 2025 1.5% | Dec 2025 2.0% | Mar 2026 2.8% | Jun 2026 1.4%
- ZGN: Sep 2021 -4.0% | Dec 2021 -4.0% | Mar 2022 2.3% | Jun 2022 2.3% | Sep 2022 2.0% | Dec 2022 2.0% | Mar 2023 3.5% | Jun 2023 3.5% | Sep 2023 2.8% | Dec 2023 2.8% | Mar 2024 2.1% | Jun 2024 2.1% | Sep 2024 2.5% | Dec 2024 2.5% | Mar 2025 1.6% | Jun 2025 1.6% | Sep 2025 1.9% | Dec 2025 1.9% | Mar 2026 — | Jun 2026 —
- COLM: Sep 2021 6.0% | Dec 2021 9.1% | Mar 2022 3.7% | Jun 2022 0.4% | Sep 2022 6.5% | Dec 2022 6.6% | Mar 2023 2.5% | Jun 2023 0.3% | Sep 2023 6.0% | Dec 2023 4.9% | Mar 2024 1.9% | Jun 2024 -1.1% | Sep 2024 5.0% | Dec 2024 6.0% | Mar 2025 2.1% | Jun 2025 -1.1% | Sep 2025 3.1% | Dec 2025 5.3% | Mar 2026 2.0% | Jun 2026 1.5%
- UAA: Sep 2021 5.0% | Dec 2021 2.4% | Mar 2022 -1.3% | Jun 2022 1.0% | Sep 2022 3.5% | Dec 2022 2.8% | Mar 2023 1.1% | Jun 2023 0.7% | Sep 2023 4.1% | Dec 2023 2.1% | Mar 2024 -0.1% | Jun 2024 -9.2% | Sep 2024 5.1% | Dec 2024 0.4% | Mar 2025 -2.1% | Jun 2025 0.1% | Sep 2025 0.5% | Dec 2025 -5.1% | Mar 2026 -1.1% | Jun 2026 —
- FIGS: Sep 2021 6.5% | Dec 2021 32% | Mar 2022 6.9% | Jun 2022 3.8% | Sep 2022 4.2% | Dec 2022 2.0% | Mar 2023 1.1% | Jun 2023 2.0% | Sep 2023 2.9% | Dec 2023 3.8% | Mar 2024 0.1% | Jun 2024 0.4% | Sep 2024 -2.1% | Dec 2024 2.1% | Mar 2025 0.0% | Jun 2025 2.2% | Sep 2025 2.1% | Dec 2025 4.1% | Mar 2026 1.0% | Jun 2026 —
- GIII: Sep 2021 — | Dec 2021 7.6% | Mar 2022 3.2% | Jun 2022 2.5% | Sep 2022 1.4% | Dec 2022 4.0% | Mar 2023 -13% | Jun 2023 0.7% | Sep 2023 1.4% | Dec 2023 7.9% | Mar 2024 2.1% | Jun 2024 0.6% | Sep 2024 2.0% | Dec 2024 7.7% | Mar 2025 3.5% | Jun 2025 0.4% | Sep 2025 0.8% | Dec 2025 5.3% | Mar 2026 -1.4% | Jun 2026 4.1%
- GOOS: Sep 2021 1.2% | Dec 2021 — | Mar 2022 17% | Jun 2022 0.3% | Sep 2022 -7.4% | Dec 2022 2.0% | Mar 2023 16% | Jun 2023 1.5% | Sep 2023 -9.2% | Dec 2023 0.2% | Mar 2024 1.9% | Jun 2024 -8.7% | Sep 2024 0.1% | Dec 2024 17% | Mar 2025 4.5% | Jun 2025 -14% | Sep 2025 -1.5% | Dec 2025 16% | Mar 2026 4.9% | Jun 2026 -8.4%
- OXM: Sep 2021 — | Dec 2021 4.2% | Mar 2022 4.6% | Jun 2022 11% | Sep 2022 10% | Dec 2022 3.3% | Mar 2023 4.9% | Jun 2023 9.6% | Sep 2023 8.2% | Dec 2023 1.6% | Mar 2024 -9.2% | Jun 2024 5.6% | Sep 2024 5.6% | Dec 2024 -0.6% | Mar 2025 2.1% | Jun 2025 3.6% | Sep 2025 2.5% | Dec 2025 -8.2% | Mar 2026 -0.7% | Jun 2026 2.1%
- SGC: Sep 2021 3.5% | Dec 2021 1.4% | Mar 2022 2.0% | Jun 2022 -8.0% | Sep 2022 -4.3% | Dec 2022 0.0% | Mar 2023 0.9% | Jun 2023 1.1% | Sep 2023 1.6% | Dec 2023 1.6% | Mar 2024 1.9% | Jun 2024 0.7% | Sep 2024 2.5% | Dec 2024 1.2% | Mar 2025 0.1% | Jun 2025 1.0% | Sep 2025 1.4% | Dec 2025 1.7% | Mar 2026 0.6% | Jun 2026 —
- LAKE: Sep 2021 — | Dec 2021 3.4% | Mar 2022 0.9% | Jun 2022 1.1% | Sep 2022 1.4% | Dec 2022 1.7% | Mar 2023 0.1% | Jun 2023 1.5% | Sep 2023 2.9% | Dec 2023 2.8% | Mar 2024 -2.5% | Jun 2024 1.6% | Sep 2024 -1.1% | Dec 2024 0.5% | Mar 2025 -6.8% | Jun 2025 -2.8% | Sep 2025 -2.3% | Dec 2025 -0.9% | Mar 2026 -3.0% | Jun 2026 1.3%
- JXG: Sep 2021 -16% | Dec 2021 -16% | Mar 2022 -20% | Jun 2022 -20% | Sep 2022 -96% | Dec 2022 -96% | Mar 2023 6.5% | Jun 2023 6.5% | Sep 2023 2.4% | Dec 2023 2.4% | Mar 2024 9.1% | Jun 2024 9.1% | Sep 2024 2.6% | Dec 2024 2.6% | Mar 2025 4.2% | Jun 2025 4.2% | Sep 2025 -28% | Dec 2025 -28% | Mar 2026 — | Jun 2026 —

### 20-quarter ROCE change history
- RL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.0 pp | Dec 2022 −0.9 pp | Mar 2023 — | Jun 2023 +0.1 pp | Sep 2023 0.0 pp | Dec 2023 +2.2 pp | Mar 2024 — | Jun 2024 +3.3 pp | Sep 2024 +0.4 pp | Dec 2024 +1.7 pp | Mar 2025 +1.0 pp | Jun 2025 +1.2 pp | Sep 2025 +1.2 pp | Dec 2025 +1.1 pp | Mar 2026 +0.4 pp | Jun 2026 —
- GIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −1.3 pp | Mar 2023 −3.2 pp | Jun 2023 −1.4 pp | Sep 2023 −0.3 pp | Dec 2023 −1.0 pp | Mar 2024 +0.1 pp | Jun 2024 +0.3 pp | Sep 2024 +0.5 pp | Dec 2024 +0.8 pp | Mar 2025 +0.6 pp | Jun 2025 +1.5 pp | Sep 2025 −0.2 pp | Dec 2025 −4.5 pp | Mar 2026 −4.1 pp | Jun 2026 −3.0 pp
- LEVI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −1.2 pp | Mar 2023 −2.0 pp | Jun 2023 −1.7 pp | Sep 2023 −3.9 pp | Dec 2023 +0.3 pp | Mar 2024 −3.9 pp | Jun 2024 +0.3 pp | Sep 2024 −0.1 pp | Dec 2024 +1.9 pp | Mar 2025 +4.4 pp | Jun 2025 +1.9 pp | Sep 2025 +2.9 pp | Dec 2025 +0.8 pp | Mar 2026 −0.1 pp | Jun 2026 +0.2 pp
- VFC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −6.2 pp | Mar 2023 — | Jun 2023 −3.4 pp | Sep 2023 −0.7 pp | Dec 2023 0.0 pp | Mar 2024 — | Jun 2024 +0.2 pp | Sep 2024 +3.4 pp | Dec 2024 +3.8 pp | Mar 2025 +3.0 pp | Jun 2025 +0.1 pp | Sep 2025 +1.1 pp | Dec 2025 +1.2 pp | Mar 2026 +1.9 pp | Jun 2026 0.0 pp
- KTB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 +1.4 pp | Mar 2023 −1.8 pp | Jun 2023 −2.7 pp | Sep 2023 +0.5 pp | Dec 2023 −1.3 pp | Mar 2024 −1.4 pp | Jun 2024 +0.6 pp | Sep 2024 +0.8 pp | Dec 2024 +0.4 pp | Mar 2025 −4.2 pp | Jun 2025 −1.5 pp | Sep 2025 −4.2 pp | Dec 2025 — | Mar 2026 +5.0 pp | Jun 2026 +0.8 pp
- PVH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −5.9 pp | Mar 2023 +1.0 pp | Jun 2023 0.0 pp | Sep 2023 −0.2 pp | Dec 2023 +5.0 pp | Mar 2024 +0.9 pp | Jun 2024 +0.2 pp | Sep 2024 +0.5 pp | Dec 2024 −0.5 pp | Mar 2025 −1.6 pp | Jun 2025 −6.2 pp | Sep 2025 −0.6 pp | Dec 2025 −0.2 pp | Mar 2026 +0.3 pp | Jun 2026 +5.3 pp
- ZGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +6.0 pp | Dec 2022 +6.0 pp | Mar 2023 +1.2 pp | Jun 2023 +1.2 pp | Sep 2023 +0.8 pp | Dec 2023 +0.8 pp | Mar 2024 −1.4 pp | Jun 2024 −1.4 pp | Sep 2024 −0.3 pp | Dec 2024 −0.3 pp | Mar 2025 −0.5 pp | Jun 2025 −0.5 pp | Sep 2025 −0.6 pp | Dec 2025 −0.6 pp | Mar 2026 — | Jun 2026 —
- COLM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.5 pp | Dec 2022 −2.5 pp | Mar 2023 −1.2 pp | Jun 2023 −0.1 pp | Sep 2023 −0.5 pp | Dec 2023 −1.7 pp | Mar 2024 −0.6 pp | Jun 2024 −1.4 pp | Sep 2024 −1.0 pp | Dec 2024 +1.1 pp | Mar 2025 +0.2 pp | Jun 2025 0.0 pp | Sep 2025 −1.9 pp | Dec 2025 −0.7 pp | Mar 2026 −0.1 pp | Jun 2026 +2.6 pp
- UAA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.5 pp | Dec 2022 +0.4 pp | Mar 2023 +2.4 pp | Jun 2023 −0.3 pp | Sep 2023 +0.6 pp | Dec 2023 −0.7 pp | Mar 2024 −1.2 pp | Jun 2024 −9.9 pp | Sep 2024 +1.0 pp | Dec 2024 −1.7 pp | Mar 2025 −2.0 pp | Jun 2025 +9.3 pp | Sep 2025 −4.6 pp | Dec 2025 −5.5 pp | Mar 2026 +1.0 pp | Jun 2026 —
- FIGS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.3 pp | Dec 2022 −30.4 pp | Mar 2023 −5.8 pp | Jun 2023 −1.8 pp | Sep 2023 −1.3 pp | Dec 2023 +1.8 pp | Mar 2024 −1.0 pp | Jun 2024 −1.6 pp | Sep 2024 −5.0 pp | Dec 2024 −1.7 pp | Mar 2025 −0.1 pp | Jun 2025 +1.8 pp | Sep 2025 +4.2 pp | Dec 2025 +2.0 pp | Mar 2026 +1.0 pp | Jun 2026 —
- GIII: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −3.6 pp | Mar 2023 −16.6 pp | Jun 2023 −1.8 pp | Sep 2023 0.0 pp | Dec 2023 +3.9 pp | Mar 2024 +15.5 pp | Jun 2024 −0.1 pp | Sep 2024 +0.6 pp | Dec 2024 −0.2 pp | Mar 2025 +1.4 pp | Jun 2025 −0.2 pp | Sep 2025 −1.2 pp | Dec 2025 −2.4 pp | Mar 2026 −4.9 pp | Jun 2026 +3.7 pp
- GOOS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −8.6 pp | Dec 2022 — | Mar 2023 −1.1 pp | Jun 2023 +1.2 pp | Sep 2023 −1.8 pp | Dec 2023 −1.8 pp | Mar 2024 −14.1 pp | Jun 2024 −10.2 pp | Sep 2024 +9.3 pp | Dec 2024 +16.9 pp | Mar 2025 +2.6 pp | Jun 2025 −5.3 pp | Sep 2025 −1.6 pp | Dec 2025 −1.5 pp | Mar 2026 +0.4 pp | Jun 2026 +5.6 pp
- OXM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −0.9 pp | Mar 2023 +0.3 pp | Jun 2023 −1.3 pp | Sep 2023 −2.2 pp | Dec 2023 −1.7 pp | Mar 2024 −14.1 pp | Jun 2024 −4.0 pp | Sep 2024 −2.6 pp | Dec 2024 −2.2 pp | Mar 2025 +11.3 pp | Jun 2025 −2.0 pp | Sep 2025 −3.1 pp | Dec 2025 −7.6 pp | Mar 2026 −2.8 pp | Jun 2026 −1.5 pp
- SGC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −7.8 pp | Dec 2022 −1.4 pp | Mar 2023 −1.1 pp | Jun 2023 +9.1 pp | Sep 2023 +5.9 pp | Dec 2023 +1.6 pp | Mar 2024 +1.0 pp | Jun 2024 −0.4 pp | Sep 2024 +0.9 pp | Dec 2024 −0.4 pp | Mar 2025 −1.8 pp | Jun 2025 +0.3 pp | Sep 2025 −1.1 pp | Dec 2025 +0.5 pp | Mar 2026 +0.5 pp | Jun 2026 —
- LAKE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −1.7 pp | Mar 2023 −0.8 pp | Jun 2023 +0.4 pp | Sep 2023 +1.5 pp | Dec 2023 +1.1 pp | Mar 2024 −2.6 pp | Jun 2024 +0.1 pp | Sep 2024 −4.0 pp | Dec 2024 −2.3 pp | Mar 2025 −4.3 pp | Jun 2025 −4.4 pp | Sep 2025 −1.2 pp | Dec 2025 −1.4 pp | Mar 2026 +3.8 pp | Jun 2026 +4.1 pp
- JXG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −79.9 pp | Dec 2022 −79.9 pp | Mar 2023 +26.9 pp | Jun 2023 +26.9 pp | Sep 2023 +98.3 pp | Dec 2023 +98.3 pp | Mar 2024 +2.6 pp | Jun 2024 +2.6 pp | Sep 2024 +0.2 pp | Dec 2024 +0.2 pp | Mar 2025 −4.9 pp | Jun 2025 −4.9 pp | Sep 2025 −30.5 pp | Dec 2025 −30.5 pp | Mar 2026 — | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: PVH Corp. has the lowest comparable PEG at 0.18×, 25% below Levi Strauss & Co.. Only 6 of 16 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: PVH Corp. · 0.18× | 25% versus #2 · Levi Strauss & Co. | 0/8 recent comparable periods | 6/16 companies · 25 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. PVH Corp. (PVH): 0.2
2. Levi Strauss & Co. (LEVI): 0.2
3. G-III Apparel Group, Ltd. (GIII): 0.5
4. Superior Group of Companies, Inc. (SGC): 0.7
5. Ralph Lauren Corporation (RL): 0.7

### P/E — lowest P/E
1. Oxford Industries, Inc. (OXM): 10.0
2. G-III Apparel Group, Ltd. (GIII): 11.0
3. Kontoor Brands, Inc. (KTB): 13.7
4. Levi Strauss & Co. (LEVI): 14.3
5. Columbia Sportswear Company (COLM): 16.1

### 20-quarter PEG history
- RL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 0.4 | Jun 2025 0.9 | Sep 2025 0.8 | Dec 2025 0.7 | Mar 2026 0.7 | Jun 2026 —
- GIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.5 | Sep 2025 0.6 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- LEVI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 0.2
- KTB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.1 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.9 | Sep 2024 1.0 | Dec 2024 2.4 | Mar 2025 — | Jun 2025 2.4 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- PVH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.3 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 0.2 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- FIGS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 1.2 | Jun 2024 1.2 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- GIII: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 0.6 | Jun 2025 0.5 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- GOOS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 0.5 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- OXM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.2 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 0.2 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- SGC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 0.7 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 0.7 | Jun 2026 —
- LAKE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.4 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter P/E history
- RL: Sep 2021 21.8 | Dec 2021 16.8 | Mar 2022 — | Jun 2022 13.9 | Sep 2022 12.0 | Dec 2022 11.8 | Mar 2023 — | Jun 2023 15.4 | Sep 2023 15.8 | Dec 2023 16.4 | Mar 2024 19.3 | Jun 2024 16.9 | Sep 2024 18.7 | Dec 2024 20.9 | Mar 2025 18.6 | Jun 2025 22.1 | Sep 2025 23.1 | Dec 2025 24.4 | Mar 2026 21.7 | Jun 2026 —
- GIL: Sep 2021 — | Dec 2021 14.7 | Mar 2022 13.8 | Jun 2022 11.0 | Sep 2022 8.4 | Dec 2022 8.4 | Mar 2023 9.4 | Jun 2023 12.3 | Sep 2023 11.9 | Dec 2023 10.7 | Mar 2024 12.5 | Jun 2024 15.5 | Sep 2024 18.7 | Dec 2024 19.1 | Mar 2025 17.4 | Jun 2025 15.5 | Sep 2025 18.4 | Dec 2025 24.4 | Mar 2026 32.0 | Jun 2026 101.6
- LEVI: Sep 2021 — | Dec 2021 20.2 | Mar 2022 15.3 | Jun 2022 12.7 | Sep 2022 12.9 | Dec 2022 11.4 | Mar 2023 14.5 | Jun 2023 12.3 | Sep 2023 20.6 | Dec 2023 24.8 | Mar 2024 58.7 | Jun 2024 63.3 | Sep 2024 51.3 | Dec 2024 33.6 | Mar 2025 20.2 | Jun 2025 17.0 | Sep 2025 14.7 | Dec 2025 15.2 | Mar 2026 14.1 | Jun 2026 14.3
- VFC: Sep 2021 — | Dec 2021 21.9 | Mar 2022 20.4 | Jun 2022 15.8 | Sep 2022 17.0 | Dec 2022 27.4 | Mar 2023 — | Jun 2023 75.1 | Sep 2023 63.4 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 63.7 | Dec 2025 32.3 | Mar 2026 25.6 | Jun 2026 24.9
- KTB: Sep 2021 14.7 | Dec 2021 15.1 | Mar 2022 11.0 | Jun 2022 7.4 | Sep 2022 8.0 | Dec 2022 9.3 | Mar 2023 11.7 | Jun 2023 11.5 | Sep 2023 11.7 | Dec 2023 15.4 | Mar 2024 15.0 | Jun 2024 15.4 | Sep 2024 18.2 | Dec 2024 19.6 | Mar 2025 15.5 | Jun 2025 14.6 | Sep 2025 20.3 | Dec 2025 — | Mar 2026 14.9 | Jun 2026 13.7
- PVH: Sep 2021 — | Dec 2021 15.7 | Mar 2022 7.0 | Jun 2022 5.3 | Sep 2022 4.7 | Dec 2022 8.3 | Mar 2023 29.0 | Jun 2023 27.2 | Sep 2023 30.0 | Dec 2023 8.5 | Mar 2024 11.3 | Jun 2024 10.0 | Sep 2024 7.5 | Dec 2024 8.0 | Mar 2025 8.5 | Jun 2025 9.9 | Sep 2025 8.0 | Dec 2025 11.7 | Mar 2026 119.9 | Jun 2026 29.0
- ZGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 46.5 | Mar 2023 45.6 | Jun 2023 34.2 | Sep 2023 32.1 | Dec 2023 21.8 | Mar 2024 31.2 | Jun 2024 28.3 | Sep 2024 25.6 | Dec 2024 26.5 | Mar 2025 20.4 | Jun 2025 19.6 | Sep 2025 21.5 | Dec 2025 23.0 | Mar 2026 — | Jun 2026 —
- COLM: Sep 2021 21.7 | Dec 2021 18.3 | Mar 2022 16.3 | Jun 2022 14.2 | Sep 2022 12.6 | Dec 2022 17.7 | Mar 2023 19.3 | Jun 2023 16.4 | Sep 2023 16.1 | Dec 2023 19.5 | Mar 2024 19.8 | Jun 2024 21.0 | Sep 2024 23.0 | Dec 2024 22.0 | Mar 2025 19.4 | Jun 2025 15.6 | Sep 2025 15.8 | Dec 2025 17.0 | Mar 2026 17.5 | Jun 2026 16.1
- UAA: Sep 2021 21.5 | Dec 2021 27.5 | Mar 2022 36.2 | Jun 2022 23.1 | Sep 2022 21.5 | Dec 2022 29.0 | Mar 2023 11.7 | Jun 2023 8.4 | Sep 2023 7.6 | Dec 2023 10.0 | Mar 2024 14.2 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 31.1 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- FIGS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 53.6 | Sep 2022 51.6 | Dec 2022 61.2 | Mar 2023 77.4 | Jun 2023 118.1 | Sep 2023 73.8 | Dec 2023 57.9 | Mar 2024 45.3 | Jun 2024 53.3 | Sep 2024 114.0 | Dec 2024 309.5 | Mar 2025 459.0 | Jun 2025 141.0 | Sep 2025 66.9 | Dec 2025 59.8 | Mar 2026 67.1 | Jun 2026 —
- GIII: Sep 2021 — | Dec 2021 8.5 | Mar 2022 6.7 | Jun 2022 6.4 | Sep 2022 4.9 | Dec 2022 5.4 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 8.0 | Jun 2024 7.4 | Sep 2024 6.9 | Dec 2024 8.0 | Mar 2025 7.4 | Jun 2025 5.8 | Sep 2025 5.8 | Dec 2025 8.1 | Mar 2026 19.4 | Jun 2026 11.0
- GOOS: Sep 2021 87.8 | Dec 2021 — | Mar 2022 47.3 | Jun 2022 37.7 | Sep 2022 28.1 | Dec 2022 28.1 | Mar 2023 38.4 | Jun 2023 37.7 | Sep 2023 47.2 | Dec 2023 39.1 | Mar 2024 28.6 | Jun 2024 30.5 | Sep 2024 28.6 | Dec 2024 19.7 | Mar 2025 12.2 | Jun 2025 33.2 | Sep 2025 75.4 | Dec 2025 92.3 | Mar 2026 63.8 | Jun 2026 25.0
- OXM: Sep 2021 — | Dec 2021 16.7 | Mar 2022 10.4 | Jun 2022 9.4 | Sep 2022 9.6 | Dec 2022 10.4 | Mar 2023 11.5 | Jun 2023 10.0 | Sep 2023 10.6 | Dec 2023 9.0 | Mar 2024 25.2 | Jun 2024 44.1 | Sep 2024 53.2 | Dec 2024 81.9 | Mar 2025 14.3 | Jun 2025 9.7 | Sep 2025 10.0 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- SGC: Sep 2021 9.8 | Dec 2021 12.0 | Mar 2022 11.9 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 16.6 | Dec 2023 25.0 | Mar 2024 22.6 | Jun 2024 27.4 | Sep 2024 18.7 | Dec 2024 22.6 | Mar 2025 24.3 | Jun 2025 20.2 | Sep 2025 29.8 | Dec 2025 21.0 | Mar 2026 17.8 | Jun 2026 —
- LAKE: Sep 2021 — | Dec 2021 9.2 | Mar 2022 14.9 | Jun 2022 17.6 | Sep 2022 35.6 | Dec 2022 42.3 | Mar 2023 60.3 | Jun 2023 43.0 | Sep 2023 21.8 | Dec 2023 17.0 | Mar 2024 25.0 | Jun 2024 21.5 | Sep 2024 90.8 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- JXG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 2.8 | Mar 2024 2.4 | Jun 2024 2.0 | Sep 2024 4.8 | Dec 2024 5.0 | Mar 2025 19.3 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —


## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 2 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker.

## Every company
- Ralph Lauren Corporation (RL) — market value ₹22.5K Cr; latest fundamentals Mar 2026
- Gildan Activewear Inc. (GIL) — market value ₹10.5K Cr; latest fundamentals Jun 2026
- Levi Strauss & Co. (LEVI) — market value ₹9.4K Cr; latest fundamentals Jun 2026
- V.F. Corporation (VFC) — market value ₹6.0K Cr; latest fundamentals Jun 2026
- Kontoor Brands, Inc. (KTB) — market value ₹4.6K Cr; latest fundamentals Jun 2026
- PVH Corp. (PVH) — market value ₹4.1K Cr; latest fundamentals Jun 2026
- Ermenegildo Zegna N.V. (ZGN) — market value ₹4.0K Cr; latest fundamentals Dec 2025
- Columbia Sportswear Company (COLM) — market value ₹2.9K Cr; latest fundamentals Jun 2026
- Under Armour, Inc. (UAA) — market value ₹2.9K Cr; latest fundamentals Mar 2026
- FIGS, Inc. (FIGS) — market value ₹1.8K Cr; latest fundamentals Mar 2026
- G-III Apparel Group, Ltd. (GIII) — market value ₹1.5K Cr; latest fundamentals Jun 2026
- Canada Goose Holdings Inc. (GOOS) — market value ₹860 Cr; latest fundamentals Jun 2026
- Oxford Industries, Inc. (OXM) — market value ₹579 Cr; latest fundamentals Jun 2026
- Superior Group of Companies, Inc. (SGC) — market value ₹218 Cr; latest fundamentals Mar 2026
- Lakeland Industries, Inc. (LAKE) — market value ₹119 Cr; latest fundamentals Jun 2026
- JX Luxventure Group Inc. (JXG) — market value ₹77 Cr; latest fundamentals Dec 2025

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-08-04.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the Apparel Manufacturing sector outperforming S&P 500?

Apparel Manufacturing has outperformed S&P 500 by 10.6% over 52 weeks and 5.6% over 13 weeks. 8 of 16 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 16 beat the sector itself.

### Which Apparel Manufacturing company is largest by revenue?

PVH Corp. leads with revenue of $8,991 million, based on 9 of 16 comparable companies through Jun 2026.

### Which Apparel Manufacturing company is growing fastest?

FIGS, Inc. has the fastest current revenue growth at 18.9%, across 9 of 16 comparable companies.

### Which Apparel Manufacturing company has the strongest 4-Factor Sector Score?

G-III Apparel Group, Ltd. ranks first at 62.5/100 with 79.3% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Apparel Manufacturing company has the lowest comparable PEG?

PVH Corp. has the lowest comparable PEG at 0.18, among 6 of 16 companies whose earnings and growth are steady enough for the ratio to mean anything.

### How much history does this Apparel Manufacturing comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

### Which Apparel Manufacturing company is the biggest?

PVH Corp. is the largest, with trailing-twelve-month revenue of $8,991 million, ahead of Ralph Lauren Corporation at $8,115 million. That covers 9 of 16 companies with comparable reporting through Jun 2026.

### Which Apparel Manufacturing company has the best profit margins?

G-III Apparel Group, Ltd. has the highest operating margin at 15.9%, from 14 of 16 comparable companies. PVH Corp. shows the biggest recent improvement, at +22.8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Apparel Manufacturing company makes the most profit?

Ralph Lauren Corporation earns the most, at $942 million of trailing-twelve-month net profit, from 9 of 16 comparable companies. Levi Strauss & Co. has the fastest profit growth at 31%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Apparel Manufacturing company earns the highest return on capital?

Kontoor Brands, Inc. leads on return on capital employed at 5.4%, across 16 of 16 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Apparel Manufacturing stock is the cheapest?

On PEG — where a LOWER number is cheaper — PVH Corp. screens cheapest at 0.18×. Only 6 of 16 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the Apparel Manufacturing sector beating the market?

Apparel Manufacturing has outperformed S&P 500 by 10.6% over the last 52 weeks and 5.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 8 of 16 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Apparel Manufacturing stock has the strongest price momentum?

Ermenegildo Zegna N.V. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Apparel Manufacturing company scores highest for research priority?

G-III Apparel Group, Ltd. scores 62.5 out of 100 with 79.3% evidence confidence, from 16.4 points on growth and earnings, 16.3 on capital efficiency, 14.7 on valuation and 15.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Apparel Manufacturing companies does this comparison cover, and over what period?

It compares 16 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Apparel Manufacturing sector?

The 16 Apparel Manufacturing companies on this page carry $72,222 million of combined market value. Ralph Lauren Corporation is the largest at $22,492 million, about 31% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

### What is the Apparel Manufacturing sector's P/E ratio?

The median price-to-earnings ratio across the 16 Apparel Manufacturing companies on this page is 23×, measured on the 16 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.

### How is the Apparel Manufacturing sector performing?

8 of the 16 covered Apparel Manufacturing companies are beating S&P 500 on Mansfield relative strength. The sector itself is 10.6% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

### How many Apparel Manufacturing stocks are listed in the US?

This comparison covers 16 listed Apparel Manufacturing companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.