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ApparelM&A Valuation Benchmarks

Median multiples, deal-size medians, named acquirers, and per-bracket multiples — based on 311real M&A transactions in the apparel space.

8.69× median EBITDA0.87× median revenue$130M median deal sizeMarket: stable

State of ApparelM&A in 2026

The apparel M&A market is currently trading at a median 8.69× EBITDA (interquartile range 6.72×–11.81×) and 0.87× revenue (interquartile range 0.47×–1.46×), based on 311 disclosed transactions at a median deal size of $130M. The market trend is currently stable.

Active acquirers include WHP Global, LLC, Friedland Enterprises LLC, DICK'S Sporting Goods, Inc., Gildan Activewear Inc.. Recent named transactions: Lands' End, Inc. (2026, $1,663.2M, 15.6× EBITDA); Lulu's Fashion Lounge Holdings, Inc. (2026, $43.1M); Foot Locker, Inc. (2025, $4,934.2M, 3.8× EBITDA).

All figures based on disclosed deals only. Source: SEC filings, EDGAR 8-K/S-4, and verified press releases (311 deals total, 157 with EBITDA, 298 with revenue). Quality grade: green.

Median multiples

Metricp25Medianp75Sample
EV / EBITDA6.72×8.69×11.81×157 deals
EV / Revenue0.47×0.87×1.46×298 deals
Deal size (EV)$130M311 deals

Recent (2018+) median: 8.94× EBITDA, 0.91× revenue. Data quality: green.

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