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)
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 October 31, 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 October 31, 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: October 31, 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 October 31, 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/