Pvh Corporation Financials
This page shows Pvh Corporation (PVH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Pvh Corporation has an operating margin of 8.9%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 45/100, indicating healthy but not exceptional operating efficiency. This is down from 10.1% the prior year.
Pvh Corporation's revenue declined 6.1% year-over-year, from $9.2B to $8.7B. This contraction results in a growth score of 11/100.
Pvh Corporation carries a low D/E ratio of 0.37, meaning only $0.37 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.
Pvh Corporation's current ratio of 1.11 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.
Pvh Corporation has a free cash flow margin of 6.7%, earning a moderate score of 34/100. The company generates positive cash flow after capital investments, but with room for improvement.
Pvh Corporation's ROE of 13.0% shows moderate profitability relative to equity, earning a score of 52/100. This is down from 13.1% the prior year.
Pvh Corporation scores 2.18, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Pvh Corporation passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Pvh Corporation generates $1.24 in operating cash flow ($740.9M OCF vs $598.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Pvh Corporation earns $8.6 in operating income for every $1 of interest expense ($772.3M vs $89.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Pvh Corporation generated $8.7B in revenue in fiscal year 2025. This represents a decrease of 6.1% from the prior year.
Pvh Corporation's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.1% from the prior year.
Pvh Corporation generated $582.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 19.7% from the prior year.
Pvh Corporation reported $598.5M in net income in fiscal year 2025. This represents a decrease of 9.8% from the prior year.
Pvh Corporation earned $10.56 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1.9% from the prior year.
Pvh Corporation held $191.0M in cash against $1.7B in long-term debt as of fiscal year 2025.
Pvh Corporation paid $0.15 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Pvh Corporation had 53M shares outstanding in fiscal year 2025. This represents a decrease of 8.8% from the prior year.
Pvh Corporation's gross margin was 59.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.3 percentage points from the prior year.
Pvh Corporation's operating margin was 8.9% in fiscal year 2025, reflecting core business profitability. This is down 1.1 percentage points from the prior year.
Pvh Corporation's net profit margin was 6.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.
Pvh Corporation's ROE was 13.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the prior year.
Pvh Corporation spent $524.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 8.0% from the prior year.
Pvh Corporation invested $158.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 35.1% from the prior year.
PVH Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B+5.9% | $2.2B+9.3% | $2.0B-12.0% | $2.3B+8.7% | $2.1B+6.3% | $2.0B-21.6% | $2.5B+5.4% | $2.4B |
| Cost of Revenue | $1.0B+9.3% | $916.4M+11.5% | $821.9M-12.4% | $938.5M+13.3% | $828.4M+10.0% | $753.2M-23.8% | $988.7M-3.4% | $1.0B |
| Gross Profit | $1.3B+3.4% | $1.3B+7.7% | $1.2B-11.8% | $1.3B+5.7% | $1.2B+3.9% | $1.2B-20.2% | $1.5B+12.1% | $1.3B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.1B-0.7% | $1.1B+10.3% | $1.0B-11.3% | $1.2B+6.5% | $1.1B+6.5% | $1.0B-16.4% | $1.2B+8.2% | $1.1B |
| Operating Income | $180.8M+35.7% | $133.2M+140.1% | -$332.2M-281.4% | $183.1M+5.3% | $173.9M-15.2% | $205.1M-42.5% | $356.9M+55.3% | $229.8M |
| Interest Expense | $23.2M-10.1% | $25.8M+15.2% | $22.4M-2.6% | $23.0M+0.9% | $22.8M-2.1% | $23.3M-2.1% | $23.8M-2.1% | $24.3M |
| Income Tax | $156.1M+238.1% | -$113.0M+62.9% | -$304.8M-968.4% | $35.1M+1196.9% | -$3.2M-108.9% | $36.0M-44.7% | $65.1M+41.5% | $46.0M |
| Net Income | $4.2M-98.1% | $224.2M+600.4% | -$44.8M-134.0% | $131.9M-16.5% | $158.0M+4.4% | $151.4M-44.3% | $271.8M+68.2% | $161.6M |
| EPS (Diluted) | $0.09-98.1% | $4.63+626.1% | $-0.88-137.6% | $2.34-16.4% | $2.80+8.1% | $2.59-41.9% | $4.46+67.7% | $2.66 |
PVH Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.4B-1.8% | $11.6B+9.0% | $10.7B-5.1% | $11.2B0.0% | $11.2B+4.2% | $10.8B-3.4% | $11.2B+0.1% | $11.2B |
| Current Assets | $3.3B-0.7% | $3.3B+8.8% | $3.0B-12.8% | $3.5B+1.9% | $3.4B+17.3% | $2.9B-10.7% | $3.3B-2.6% | $3.3B |
| Cash & Equivalents | $158.2M-36.4% | $248.8M+30.3% | $191.0M-65.9% | $559.6M-8.3% | $610.0M+62.1% | $376.2M-46.8% | $707.6M+97.9% | $357.6M |
| Inventory | $1.7B-7.1% | $1.8B+12.2% | $1.6B-0.8% | $1.6B+1.6% | $1.6B+17.5% | $1.3B-5.1% | $1.4B-3.9% | $1.5B |
| Accounts Receivable | $1.1B+21.8% | $901.3M+4.7% | $860.7M-12.1% | $979.7M+10.1% | $889.7M+9.8% | $810.4M+2.2% | $793.3M-24.1% | $1.0B |
| Goodwill | $2.0B-0.2% | $2.0B+1.9% | $2.0B-16.2% | $2.3B-0.3% | $2.3B+0.8% | $2.3B-0.3% | $2.3B+1.6% | $2.3B |
| Total Liabilities | $6.5B-3.2% | $6.8B+11.7% | $6.1B+1.7% | $6.0B-1.5% | $6.0B+5.5% | $5.7B-5.4% | $6.1B-1.0% | $6.1B |
| Current Liabilities | $2.2B-7.3% | $2.4B-11.7% | $2.7B+1.3% | $2.7B-2.4% | $2.8B+47.0% | $1.9B-32.3% | $2.8B-2.6% | $2.8B |
| Long-Term Debt | $2.2B-0.4% | $2.3B+31.2% | $1.7B+4.0% | $1.7B-0.8% | $1.7B-22.3% | $2.1B+34.8% | $1.6B+1.3% | $1.6B |
| Total Equity | $4.9B+0.3% | $4.9B+5.4% | $4.6B-12.7% | $5.3B+1.9% | $5.2B+2.6% | $5.1B-1.2% | $5.1B+1.3% | $5.1B |
| Retained Earnings | $6.2B0.0% | $6.2B+3.8% | $5.9B+1.9% | $5.8B+2.2% | $5.7B+2.8% | $5.6B+2.7% | $5.4B+5.2% | $5.1B |
PVH Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$44.5M-120.9% | $213.1M+398.5% | -$71.4M-348.8% | $28.7M-90.2% | $292.4M+538.4% | -$66.7M-110.1% | $657.7M+469.4% | $115.5M |
| Capital Expenditures | $40.6M+30.1% | $31.2M+16.9% | $26.7M-33.3% | $40.0M+9.3% | $36.6M-5.7% | $38.8M-52.3% | $81.4M+71.7% | $47.4M |
| Free Cash Flow | -$85.1M-146.8% | $181.9M+285.4% | -$98.1M-768.1% | -$11.3M-104.4% | $255.8M+342.5% | -$105.5M-118.3% | $576.3M+746.3% | $68.1M |
| Investing Cash Flow | -$41.3M-33.2% | -$31.0M-10.7% | -$28.0M+2.1% | -$28.6M+7.1% | -$30.8M+25.2% | -$41.2M-151.4% | $80.2M+267.4% | -$47.9M |
| Financing Cash Flow | -$5.7M+95.6% | -$130.6M+71.8% | -$462.9M-840.9% | -$49.2M-70.2% | -$28.9M+87.0% | -$221.9M+43.2% | -$391.0M-424.1% | -$74.6M |
| Dividends Paid | $3.6M | N/A | $3.9M-9.3% | $4.3M | N/A | $4.3M+87.0% | $2.3M0.0% | $2.3M |
| Share Buybacks | $200K-95.8% | $4.8M-99.2% | $572.2M+1544.3% | $34.8M+10.8% | $31.4M-85.3% | $214.0M-24.5% | $283.6M+291.2% | $72.5M |
PVH Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.4%-1.4pp | 57.7%-0.8pp | 58.6%+0.2pp | 58.4%-1.7pp | 60.1%-1.3pp | 61.4%+1.1pp | 60.3%+3.6pp | 56.7% |
| Operating Margin | 7.9%+1.7pp | 6.2%+22.9pp | -16.8%-24.9pp | 8.1%-0.3pp | 8.4%-2.1pp | 10.5%-3.8pp | 14.3%+4.6pp | 9.7% |
| Net Margin | 0.2%-10.2pp | 10.3%+12.6pp | -2.3%-8.1pp | 5.9%-1.8pp | 7.6%-0.1pp | 7.8%-3.2pp | 10.9%+4.1pp | 6.8% |
| Return on Equity | 0.1%-4.5pp | 4.6% | N/A | 2.5%-0.6pp | 3.0%+0.1pp | 3.0%-2.3pp | 5.3%+2.1pp | 3.2% |
| Return on Assets | 0.0%-1.9pp | 1.9%+2.4pp | -0.4%-1.6pp | 1.2%-0.2pp | 1.4%0.0pp | 1.4%-1.0pp | 2.4%+1.0pp | 1.5% |
| Current Ratio | 1.47+0.1 | 1.37+0.3 | 1.11-0.2 | 1.29+0.1 | 1.24-0.3 | 1.55+0.4 | 1.180.0 | 1.18 |
| Debt-to-Equity | 0.460.0 | 0.46+0.1 | 0.37+0.1 | 0.310.0 | 0.32-0.1 | 0.42+0.1 | 0.310.0 | 0.31 |
| FCF Margin | -3.7%-12.1pp | 8.4%+13.3pp | -5.0%-4.5pp | -0.5%-12.8pp | 12.3%+17.7pp | -5.4%-28.6pp | 23.2%+20.3pp | 2.9% |
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Frequently Asked Questions
What is Pvh Corporation's annual revenue?
Pvh Corporation (PVH) reported $8.7B in total revenue for fiscal year 2025. This represents a -6.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Pvh Corporation's revenue growing?
Pvh Corporation (PVH) revenue declined by 6.1% year-over-year, from $9.2B to $8.7B in fiscal year 2025.
Is Pvh Corporation profitable?
Yes, Pvh Corporation (PVH) reported a net income of $598.5M in fiscal year 2025, with a net profit margin of 6.9%.
What is Pvh Corporation's earnings per share (EPS)?
Pvh Corporation (PVH) reported diluted earnings per share of $10.56 for fiscal year 2025. This represents a -1.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Pvh Corporation's EBITDA?
Pvh Corporation (PVH) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Pvh Corporation have?
As of fiscal year 2025, Pvh Corporation (PVH) had $191.0M in cash and equivalents against $1.7B in long-term debt.
What is Pvh Corporation's gross margin?
Pvh Corporation (PVH) had a gross margin of 59.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Pvh Corporation's operating margin?
Pvh Corporation (PVH) had an operating margin of 8.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Pvh Corporation's net profit margin?
Pvh Corporation (PVH) had a net profit margin of 6.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Pvh Corporation pay dividends?
Yes, Pvh Corporation (PVH) paid $0.15 per share in dividends during fiscal year 2025.
What is Pvh Corporation's return on equity (ROE)?
Pvh Corporation (PVH) has a return on equity of 13.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Pvh Corporation's free cash flow?
Pvh Corporation (PVH) generated $582.2M in free cash flow during fiscal year 2025. This represents a -19.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Pvh Corporation's operating cash flow?
Pvh Corporation (PVH) generated $740.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Pvh Corporation's total assets?
Pvh Corporation (PVH) had $10.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Pvh Corporation's capital expenditures?
Pvh Corporation (PVH) invested $158.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Pvh Corporation buy back shares?
Yes, Pvh Corporation (PVH) spent $524.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Pvh Corporation have outstanding?
Pvh Corporation (PVH) had 53M shares outstanding as of fiscal year 2025.
What is Pvh Corporation's current ratio?
Pvh Corporation (PVH) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.
What is Pvh Corporation's debt-to-equity ratio?
Pvh Corporation (PVH) had a debt-to-equity ratio of 0.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pvh Corporation's return on assets (ROA)?
Pvh Corporation (PVH) had a return on assets of 5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Pvh Corporation's Altman Z-Score?
Pvh Corporation (PVH) has an Altman Z-Score of 2.18, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Pvh Corporation's Piotroski F-Score?
Pvh Corporation (PVH) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Pvh Corporation's earnings high quality?
Pvh Corporation (PVH) has an earnings quality ratio of 1.24x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Pvh Corporation cover its interest payments?
Pvh Corporation (PVH) has an interest coverage ratio of 8.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Pvh Corporation?
Pvh Corporation (PVH) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.