Canada Goose Holdings Inc.

GOOS
About the company

Canada Goose Holdings Inc., together with its subsidiaries, designs, manufactures, and sells performance luxury outerwear, apparel, footwear, and accessories for men, women, youth, children, and babies. It operates through three segments: Direct-to-Consumer, Wholesale, and Other.

Country: CanadaPrice: $7.71Market Cap: $746.6M

Investment snapshot

25%positive consensus
Scored 35d ago

Positive

3

BUY / PASS

Neutral / negative

8 / 4

NEUTRAL / FAIL

Median fair value

$11.39

+47.8% vs price

Models with upside

10 / 16

Positive margin of safety

Strongest signal

All 10 investors pass GOOS's cash flow

Key risk

10 of 15 flag GOOS's profitability — Sleep, Oshaughnessy, Lynch +7 more

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.
Scored from 10-K35d ago
MetricSleep

Scale Economies Shared

O'Shaughnessy

Systematic Factor Composite

Lynch

GARP

Buffett

Quality Compounder

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Schloss

Asset-Value Discipline

Neff

Low-P/E Total Return

Templeton

Global Bargain Hunter

Marks

Risk-Aware Value

Munger

Quality Focus

Ackman

Activist Value

Dreman

Contrarian Value

Piotroski

F-Score

Greenblatt

Magic Formula

Graham

Defensive Value

VerdictNEUTRALNEUTRALFAILPASSNEUTRALFAILNEUTRALFAILNEUTRALNEUTRALFAILPASSNEUTRALNEUTRALBUY · Rank #192 (Top 6%)PASS
Score
Analysis
Intrinsic ValueN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/AN/A+68.8%+45.6%+61.0%N/AN/A+8.4%+10.5%+85.8%+72.4%+4.2%N/A+10.2%+0.1%
Data As Of10-K (2026-08-26)10-K (2026-08-25)10-K (2026-08-25)10-K (2026-08-25)10-K (2026-08-25)10-K (2026-08-25)10-K (2026-08-24)10-K (2026-08-24)10-K (2026-08-23)10-K (2026-08-23)10-K (2026-08-23)10-K (2026-08-23)10-K (2026-08-23)10-K (2026-08-23)10-K (2026-08-23)10-K (2026-08-23)

Where It Passes

  • Cash Flow100% pass✓ 12▾

    All 10 investors pass GOOS's cash flow

    Positive Operating Cash Flow frequency9/10 years positive
    ✓SleepPositive OCF in >= 70% of available years
    (Operating cash flow - capex) / market capitalization+25.72%; #198/4487 (top 4.4%)
    ✓OshaughnessyTop 10% of eligible cross-section
    FCF Positive and Growing$192.0M
    ✓LynchPositive and growing
    Free Cash Flow Proxy$138.9M
    ✓BuffettPositive and growing
    P/E or FCF YieldP/E=11.4x, FCF Yield=25.7%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    Operating Cash Flow - Capital Expenditures$192.0M
    ✓Neff> $0 (app proxy for a strong fundamental case)
    FCF Positive9/10 years FCF positive
    ✓MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap25.7%
    ✓Ackman>= 4%
    Price / FCF per Share3.9x
    ✓Ackman<= 25
    Price / (CFO / Shares)3.7x
    ✓Dreman< 8x
    Operating Cash Flow$204.4M
    ✓PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=18.09%, ROA=5.86%
    ✓PiotroskiCFO/Assets > ROA
  • Valuation models100% pass✓ 10▾

    GOOS undervalued: all 10 models price fair value above $7.71 (median $11.39)

    Buffett fair value$24.72
    ✓Buffett+68.8% margin vs $7.71
    Pabrai fair value$14.18
    ✓Pabrai+45.6% margin vs $7.71
    Akre fair value$19.77
    ✓Akre+61.0% margin vs $7.71
    Templeton fair value$8.42
    ✓Templeton+8.4% margin vs $7.71
    Marks fair value$8.61
    ✓Marks+10.5% margin vs $7.71
    Munger fair value$54.24
    ✓Munger+85.8% margin vs $7.71
    Ackman fair value$27.94
    ✓Ackman+72.4% margin vs $7.71
    Dreman fair value$8.05
    ✓Dreman+4.2% margin vs $7.71
    Greenblatt fair value$8.59
    ✓Greenblatt+10.2% margin vs $7.71
    Graham fair value$7.72
    ✓Graham+0.1% margin vs $7.71
  • Efficiency63% pass✓ 8✗ 3▾

    5 of 8 pass — Akre, Munger and Piotroski object

    ROIC (5-year)4/5 years above 12% (latest 14.9%)
    ✓SleepROIC > 12% in a majority of years
    ROIC (3-5 yr avg)24.3%
    ✓Buffett> 10%
    ROIC - WACC+14.3%
    ✓BuffettPositive (WACC = 10%)
    ROIC (high and growing)FY2022: ROIC=14.5%; FY2023: ROIC=13.2%; FY2024: ROIC=14.9%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC14.9% (RR=100% x ROIC=14.9%)
    ✓AkreReinvestment Rate * ROIC > 10%
    Return on Invested Capital14.9%
    ✗Munger> 15%
    Current Assets / Current Liabilities2.67
    ✓Dreman> 1.5
    Current Ratio Change YoY2.23 -> 2.67
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.90x -> 0.83x
    ✗PiotroskiImproved YoY
    EBIT / (NWC + Net Fixed Assets)43.9%
    ✓Greenblatt> 25%
    Current Ratio2.67
    ✓Graham>= 2.0
  • Debt & Leverage55% pass✓ 8✗ 6▾

    6 of 11 pass — Lynch, Buffett, Akre +2 more object

    Total Debt / Equity0.61
    ✗Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    Debt/Equity & Interest CoverageD/E: 0.61, IC: N/A
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Debt Levels0.61
    ✗AkreDebt/Equity < 0.3✗MungerDebt/Equity < 0.5
    Total Debt / Shareholders' Equity0.61x
    ✓SchlossD/E < 1.00x✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓Dreman< 0.8
    Current Assets / Current Liabilities2.67x
    ✓SchlossCurrent ratio >= 1.50x (app cutoff)✓Dreman> 1.5
    Interest Coverage & Debt/EBITDAIC=N/A (no interest expense), D/EBITDA=1.2x
    ✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0.61
    ✓Ackman<= 1.0
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets

Where It Falls Short

  • Profitability33% pass✓ 17✗ 14▾

    10 of 15 flag GOOS's profitability — Sleep, Oshaughnessy, Lynch +7 more

    Revenue growth vs. gross and operating margin trendgross margin 67.0% -> 69.9%, operating margin 12.1% -> 12.2%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization+8.87%; #720/6251 (top 11.5%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Basic earnings-growth PEG (dividends excluded)P/E 11.4x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR-6.9%
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE17.5%
    ✓Lynch> 15%
    Net Income Positive (10+ years)10/11 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)16.3%
    ✓Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)12.2% (latest)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$138.9M
    ✓BuffettPositive and growing
    Earnings Variance (10-yr CoV)0.45
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Margin of SafetyP/E=11.4x, P/B=2.0x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity15.7% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Positive Diluted-EPS Years10/10 years positive
    ✓Schloss>= 70% positive over 5-10 observed years (app rule)
    3-5 Year Diluted EPS CAGR-6.9% over 5 years
    ✗Neff7%-20% annualized
    5-Year EPS CAGR-6.9% CAGR over 5 years
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend12.1% (2022) -> 12.2% (2024)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Discount to Intrinsic Value4.2% (IV=$8.05 vs Price=$7.71)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency10/10 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue12.2%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity17.5%
    ✓Ackman>= 15%
    Pre-Tax Income / Revenue9.5%
    ✓Dreman>= 8%
    Net Income / Shareholders' Equity17.5%
    ✓Dreman> 12%
    Net Income / Total Assets5.86%
    ✓PiotroskiROA > 0
    ROA Change YoY3.94% -> 5.86% (delta: +1.92%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=18.09%, ROA=5.86%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY68.8% -> 69.9%
    ✓PiotroskiImproved YoY
    EBIT / Enterprise Value15.4%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=15.4%, ROC=43.9%
    ✓GreenblattBoth EY > 10% and ROC > 25%
    Positive EPS (10 years)10/11 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)199.8%
    ✓Graham>= 33% growth
  • Valuation33% pass✓ 14✗ 12▾

    8 of 12 flag GOOS's valuation — Oshaughnessy, Lynch, Schloss +5 more

    Revenue / market capitalization+1.2623; #1411/5203 (top 27.1%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Net income / market capitalization+8.87%; #720/6251 (top 11.5%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization+25.72%; #198/4487 (top 4.4%)
    ✓OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-29.72%; #5000/6203 (top 80.6%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Basic earnings-growth PEG (dividends excluded)P/E 11.4x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    P/E or FCF YieldP/E=11.4x, FCF Yield=25.7%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    Price / Book Value per Share1.97x
    ✗SchlossP/B <= 0.80x (app cutoff)✗Templeton< 1.5x✗Dreman< 1.2x
    Price / Tangible Book Value per Share3.17x
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change+21.3%
    ✓SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Price / Diluted EPS11.4x
    ✓NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / EPS11.4x
    ✓Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)✓Dreman< 12x
    Price vs. Trailing Low100% of trailing low ($7.71)
    ✓Templeton<= 120% of trailing low (certified split-adjusted live window)
    P/B or P/E vs. Historical AverageP/E=11.4x, P/B=2.0x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic Value4.2% (IV=$8.05 vs Price=$7.71)
    ✗Marks>= 20% below intrinsic value
    Valuation ReasonablenessP/E=11.4x, OE Yield=18.6%
    ✓MungerP/E < 25 or Owner Earnings Yield > 5%
    Price / FCF per Share3.9x
    ✓Ackman<= 25
    Price / (CFO / Shares)3.7x
    ✓Dreman< 8x
    EBIT / Enterprise Value15.4%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=15.4%, ROC=43.9%
    ✓GreenblattBoth EY > 10% and ROC > 25%
    Price / 3-yr avg EPS14.4x
    ✓Graham<= 15x
    Price-to-Book Ratio2.0x
    ✗Graham<= 1.5x
    P/E x P/B28.40
    ✗Graham<= 22.5
  • Growth38% pass✓ 5✗ 8▾

    5 of 8 flag GOOS's growth — Sleep, Lynch, Neff +2 more

    Revenue growth vs. gross and operating margin trendgross margin 67.0% -> 69.9%, operating margin 12.1% -> 12.2%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR6.7%
    ✗SleepCAGR > 7%
    Basic earnings-growth PEG (dividends excluded)P/E 11.4x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR-6.9%
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: -18.4% vs Rev: -4.4%
    ✓LynchInventory growth < Revenue growth
    3-5 Year Diluted EPS CAGR-6.9% over 5 years
    ✗Neff7%-20% annualized
    5-Year EPS CAGR-6.9% CAGR over 5 years
    ✗Templeton> 0% (5-year EPS CAGR)
    Positive Net Income Frequency10/10 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth2.4%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency2/5 years with positive EPS growth
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    EPS Growth Direction$0.20 (2015) -> $0.68 (2024)
    ✓DremanPositive over recent years
    EPS CAGR14.5% CAGR over 9 years
    ✓Dreman> 5% annualized
    EPS Growth (3-yr avg, 10-yr window)199.8%
    ✓Graham>= 33% growth
  • Verdicts50% pass✓ 4✗ 4▾

    Split decision: 8 NEUTRAL · 4 FAIL · 3 PASS

    Overall verdict
    •SleepNEUTRAL (4/6)•OshaughnessyNEUTRAL (Not ranked)✗LynchFAIL (3/7)✓BuffettPASS (4/9)•PabraiNEUTRAL (2/3)✗AkreFAIL (2/6)•SchlossNEUTRAL (4/7)✗NeffFAIL (3/6)•TempletonNEUTRAL (5/8)•MarksNEUTRAL (4/5)✗MungerFAIL (1/4)✓AckmanPASS (5/9)•DremanNEUTRAL (8/11)•PiotroskiNEUTRAL (F-Score 7)✓GreenblattRank #192✓GrahamPASS (4/9)

Business & financials

Company Profile

Industry: Apparel
SIC Sector: Apparel Manufacturing
Size: Small Cap($746.6M)
Revenue: $942.4M-4.4% YoY
Net Income: $66.3M+53.6% YoY

Financial Snapshot

Operating Margin12.2%
Return on Equity17.5%
Debt / Equity0.61
Current Ratio2.67
EPS (Diluted)$0.68+61.0% 1y
Buybacks (1y)$0
Buybacks (2y)$104.5M
Shares Retired−0.3% / 7.1% 2y

Similar Companies

CTASCINTAS CORP
$79.0B
TPRTAPESTRY, INC.
$22.8B
ASAmer Sports, Inc.
$15.2B
DECKDECKERS OUTDOOR CORP
$10.8B

Shareholder Return

Fiscal 2024

Issued 0.3% of shares last year, 7.1% over two.

Buybacks
$0
Dividends
—

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY21
39.2% = 35.7% + 2.6%
FY22
−26.7% = −29.0% + 3.2%
FY23
−17.5% = −19.8% + 2.8%
FY24
61.0% = 53.6% + 4.8%
Earnings Fewer shares More shares

The two parts do not sum exactly to the total — the difference is the cross-term, plus preferred capital where the company has any. It is left visible rather than distributed into the other two.

Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Annual data (10-K) · Last 5 years

MetricFY 2024FY 2023FY 2022FY 2021FY 2020
Market Cap$746.6M$1.2Best.$2.5Best.$3.2Best.$3.7Best.
Revenue$942.4M↓4%$985.4M↑9%$900.0M↑2%$878.8M↑23%$717.1M
Operating Income$114.7M↑25%$92.0M↓16%$109.2M↓14%$127.6M↑37%$92.8M
Net Income$66.3M↑54%$43.1M↓20%$53.8M↓29%$75.7M↑36%$55.8M
EPS (Diluted)$0.68↑61%$0.42↓17%$0.51↓27%$0.70↑39%$0.50
Gross Margin69.9%↑2%68.8%↑3%67.0%66.8%↑9%61.3%
Operating Margin12.2%↑30%9.3%↓23%12.1%↓16%14.5%↑12%12.9%
ROE17.5%↑25%14.0%↓10%15.5%↓30%22.1%↑82%12.2%
Total Debt$231.2M↓5%$244.2M↓1%$247.6M↑23%$200.6M↓1%$202.2M
Shareholders' Equity$378.3M↑23%$308.1M↓11%$347.2M↑1%$342.4M↓25%$458.3M
Current Ratio2.67↑20%2.23↓9%2.45↓10%2.71↓21%3.42
Debt / Equity0.61↓23%0.79↑11%0.71↑22%0.59↑33%0.44
Operating Cash Flow$204.4M↑68%$121.6M↑41%$86.0M↓29%$121.3M↓47%$229.0M
Free Cash Flow$192.0M↑137%$81.0M↑54%$52.6M↓44%$93.7M↓55%$207.7M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Apparel

GOOS vs Peers — Financial Grading

Revenue$942.4MBottom 25%
Net Income$66.3MBottom 25%
ROE17.5%Median
D/E0.61Median
Op. Margin12.2%Median
Curr. Ratio2.67Top 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
CINTAS CORPCTAS$79.0B$197.74$10.3B$1.8B38.7%0.5222.8%2.093/95/91/71/3F-Score 55/11
TAPESTRY, INC.TPR$22.8B$114.12$7.0B$183.2M21.4%2.795.9%1.871/93/91/70/3F-Score 53/11
Amer Sports, Inc.AS$15.2B$27.24$6.6B$427.4M7.4%0.1410.7%1.502/93/92/71/3F-Score 74/11
DECKERS OUTDOOR CORPDECK$10.8B$77.68$5.5B$1.0B41.0%—23.1%3.542/95/93/73/3F-Score 75/11
lululemon athletica inc.LULU$10.7B$96.87$11.1B$1.6B31.8%0.0019.9%2.264/95/93/73/3F-Score 45/11
On Holding AGONON$9.9B$29.55$3.8B$257.3M12.5%0.3212.5%2.712/95/92/71/3F-Score 74/11
Gildan Activewear Inc.GIL$7.9B$42.62$3.6B$398.9M11.2%1.2117.1%2.113/95/91/70/3F-Score 45/11
LEVI STRAUSS & COLEVI$7.6B$19.75$6.3B$578.1M25.4%0.4610.8%1.553/95/92/71/3F-Score 75/11