This ranking from McKinsey depicts the largest fashion companies worldwide by average economic profit over the financial year 2022. In this time period, LVMH generated the highest profit of all the publicly listed apparel and accessory companies worldwide with an average economic profit of approximately 7.4 billion U.S. dollars.
Average economic profit of the leading fashion companies worldwide in 2022
(in million U.S. dollars)
Characteristic
Revenue in million U.S. dollars
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The source defines economic profit as currency adjusted Net Operating Profit Less Adjusted Taxes (NOPLAT) minus capital charge (Weighted Average Cost of Capital, or WACC, multiplied by invested capital). Economic Profit reflects the economic value created by a company’s operating activities and investments.
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McKinsey & Company. (November 29, 2023). Average economic profit of the leading fashion companies worldwide in 2022 (in million U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/953410/economic-profit-of-leading-fashion-companies-worldwide/
McKinsey & Company. "Average economic profit of the leading fashion companies worldwide in 2022 (in million U.S. dollars)." Chart. November 29, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/953410/economic-profit-of-leading-fashion-companies-worldwide/
McKinsey & Company. (2023). Average economic profit of the leading fashion companies worldwide in 2022 (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/953410/economic-profit-of-leading-fashion-companies-worldwide/
McKinsey & Company. "Average Economic Profit of The Leading Fashion Companies Worldwide in 2022 (in Million U.S. Dollars)." Statista, Statista Inc., 29 Nov 2023, https://www.statista.com/statistics/953410/economic-profit-of-leading-fashion-companies-worldwide/
McKinsey & Company, Average economic profit of the leading fashion companies worldwide in 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/953410/economic-profit-of-leading-fashion-companies-worldwide/ (last visited August 24, 2024)
Average economic profit of the leading fashion companies worldwide in 2022 (in million U.S. dollars) [Graph], McKinsey & Company, November 29, 2023. [Online]. Available: https://www.statista.com/statistics/953410/economic-profit-of-leading-fashion-companies-worldwide/