Pvh Corporation Financials
Pvh Corporation (PVH) reported $9.0B in revenue over the twelve months to May 3, 2026, up 3.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
PVH’s dominant mechanic is resilient cash generation being absorbed by overhead and a more leveraged capital-return posture.
Cash conversion diverged sharply from reported profit in FY2025: operating cash flow was$680M versus net income of$25M , indicating that non-cash expenses and cash-timing effects mattered more than the income statement alone suggests. Free cash flow remained$538M , so reinvestment still consumed only part of internally generated cash despite near-break-even earnings.
Revenue recovered in FY2025, but gross margin compressed from
Balance-sheet flexibility narrowed as debt-to-equity rose from 0.3x in FY2023 to 0.5x in FY2025. Buybacks of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Pvh Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Pvh Corporation has an operating margin of 2.6%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 57/100, indicating healthy but not exceptional operating efficiency. This is down from 8.9% the prior year.
Pvh Corporation's revenue grew a modest 3.4% year-over-year to $9.0B. This slow but positive growth earns a score of 27/100.
Pvh Corporation has elevated debt relative to equity (D/E of 0.48), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 19/100, reflecting increased financial risk.
Pvh Corporation's current ratio of 1.52 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.
Pvh Corporation has a free cash flow margin of 6.0%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.
Pvh Corporation's ROE of 0.5% shows moderate profitability relative to equity, earning a score of 56/100. This is down from 11.6% the prior year.
Pvh Corporation scores 1.98, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Pvh Corporation passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Pvh Corporation reported $25.3M of net income while generating $680.4M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Pvh Corporation earns $2.45 in operating income for every $1 of interest expense ($230.6M vs $94.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Pvh Corporation generated $9.0B in revenue in fiscal year 2025. This represents an increase of 3.4% from the prior year.
Pvh Corporation's EBITDA was $502.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 52.3% from the prior year.
Pvh Corporation reported $25.3M in net income in fiscal year 2025. This represents a decrease of 95.8% from the prior year.
Pvh Corporation earned $0.52 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 95.1% from the prior year.
Cash & Balance Sheet
Pvh Corporation generated $538.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 7.5% from the prior year.
Pvh Corporation held $701.5M in cash against $2.3B in long-term debt as of fiscal year 2025.
Pvh Corporation paid $0.15 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
Pvh Corporation's gross margin was 57.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.9 percentage points from the prior year.
Pvh Corporation's operating margin was 2.6% in fiscal year 2025, reflecting core business profitability. This is down 6.3 percentage points from the prior year.
Pvh Corporation's net profit margin was 0.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.6 percentage points from the prior year.
Pvh Corporation's ROE was 0.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.1 percentage points from the prior year.
Capital Allocation
Pvh Corporation spent $577.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 10.1% from the prior year.
Pvh Corporation invested $142.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 10.5% from the prior year.
Not reported for fiscal year 2025.
PVH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0B-17.8% | $2.5B+7.4% | $2.3B+5.9% | $2.2B+9.3% | $2.0B-15.2% | $2.3B+3.8% | $2.3B+8.7% | $2.1B |
| Cost of Revenue | $838.9M-19.7% | $1.0B+4.3% | $1.0B+9.3% | $916.4M+11.5% | $821.9M-10.8% | $921.6M-1.8% | $938.5M+13.3% | $828.4M |
| Gross Profit | $1.2B-16.4% | $1.4B+9.7% | $1.3B+3.4% | $1.3B+7.7% | $1.2B-18.1% | $1.4B+7.7% | $1.3B+5.7% | $1.2B |
| SG&A Expenses | $1.1B-8.0% | $1.2B+4.2% | $1.1B-0.7% | $1.1B+10.3% | $1.0B-11.0% | $1.2B-0.3% | $1.2B+6.5% | $1.1B |
| Operating Income | $124.3M+159.8% | -$207.7M-214.9% | $180.8M+35.7% | $133.2M+140.1% | -$332.2M-144.4% | $747.5M+308.2% | $183.1M+5.3% | $173.9M |
| Interest Expense | $22.7M+0.9% | $22.5M-3.0% | $23.2M-10.1% | $25.8M+15.2% | $22.4M+3.7% | $21.6M-6.1% | $23.0M+0.9% | $22.8M |
| Income Tax | $20.5M-67.1% | $62.4M-60.0% | $156.1M+238.1% | -$113.0M+62.9% | -$304.8M-180.2% | $380.1M+982.9% | $35.1M+1196.9% | -$3.2M |
| Net Income | $88.0M+130.2% | -$291.1M-7031.0% | $4.2M-98.1% | $224.2M+600.4% | -$44.8M-112.7% | $353.4M+167.9% | $131.9M-16.5% | $158.0M |
| EPS (Diluted) | $1.90 | -$3.20 | $0.09-98.1% | $4.63+626.1% | -$0.88 | $2.82 | $2.34-16.4% | $2.80 |
Not reported in any period shown, so not listed: R&D Expenses.
PVH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.3B-2.9% | $11.7B+2.3% | $11.4B-1.8% | $11.6B+9.0% | $10.7B-3.3% | $11.0B-1.9% | $11.2B0.0% | $11.2B |
| Current Assets | $3.4B-6.4% | $3.6B+10.1% | $3.3B-0.7% | $3.3B+8.8% | $3.0B-13.0% | $3.5B+0.3% | $3.5B+1.9% | $3.4B |
| Cash & Equivalents | $592.5M-15.5% | $701.5M+343.4% | $158.2M-36.4% | $248.8M+30.3% | $191.0M-74.5% | $748.0M+33.7% | $559.6M-8.3% | $610.0M |
| Inventory | $1.5B-4.6% | $1.6B-4.8% | $1.7B-7.1% | $1.8B+12.2% | $1.6B+5.8% | $1.5B-6.2% | $1.6B+1.6% | $1.6B |
| Accounts Receivable | $896.8M-9.8% | $994.6M-9.4% | $1.1B+21.8% | $901.3M+4.7% | $860.7M+1.1% | $851.2M-13.1% | $979.7M+10.1% | $889.7M |
| Goodwill | $2.0B-0.6% | $2.0B+2.0% | $2.0B-0.2% | $2.0B+1.9% | $2.0B-13.7% | $2.3B-2.9% | $2.3B-0.3% | $2.3B |
| Total Liabilities | $6.4B-6.4% | $6.9B+5.3% | $6.5B-3.2% | $6.8B+11.7% | $6.1B+2.7% | $5.9B-1.0% | $6.0B-1.5% | $6.0B |
| Current Liabilities | $2.0B-15.3% | $2.4B+6.3% | $2.2B-7.3% | $2.4B-11.7% | $2.7B-0.4% | $2.7B+1.7% | $2.7B-2.4% | $2.8B |
| Long-Term Debt | $2.3B-1.0% | $2.3B+2.0% | $2.2B-0.4% | $2.3B+31.2% | $1.7B+8.9% | $1.6B-4.5% | $1.7B-0.8% | $1.7B |
| Total Equity | $4.9B+2.1% | $4.8B-1.8% | $4.9B+0.3% | $4.9B+5.4% | $4.6B-10.2% | $5.1B-2.8% | $5.3B+1.9% | $5.2B |
| Retained Earnings | $6.1B+1.4% | $6.0B-2.6% | $6.2B0.0% | $6.2B+3.8% | $5.9B-0.8% | $6.0B+2.7% | $5.8B+2.2% | $5.7B |
PVH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$46.5M-108.0% | $583.2M+1410.6% | -$44.5M-120.9% | $213.1M+398.5% | -$71.4M-114.7% | $486.5M+1595.1% | $28.7M-90.2% | $292.4M |
| Capital Expenditures | $39.5M-9.2% | $43.5M+7.1% | $40.6M+30.1% | $31.2M+16.9% | $26.7M-38.3% | $43.3M+8.3% | $40.0M+9.3% | $36.6M |
| Free Cash Flow | -$86.0M-115.9% | $539.7M+734.2% | -$85.1M-146.8% | $181.9M+285.4% | -$98.1M-122.1% | $443.2M+4022.1% | -$11.3M-104.4% | $255.8M |
| Investing Cash Flow | -$42.3M-6.3% | -$39.8M+3.6% | -$41.3M-33.2% | -$31.0M-10.7% | -$28.0M+24.5% | -$37.1M-29.7% | -$28.6M+7.1% | -$30.8M |
| Financing Cash Flow | -$20.6M-216.9% | -$6.5M-14.0% | -$5.7M+95.6% | -$130.6M+71.8% | -$462.9M-84.9% | -$250.4M-408.9% | -$49.2M-70.2% | -$28.9M |
| Dividends Paid | $3.5M | N/A | $3.6M | N/A | $3.9M | N/A | $4.3M | N/A |
| Share Buybacks | $14.9M+2880.0% | $500K+150.0% | $200K-95.8% | $4.8M-99.2% | $572.2M+133.9% | $244.6M+602.9% | $34.8M+10.8% | $31.4M |
PVH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.6%+1.0pp | 57.6%+1.2pp | 56.4%-1.4pp | 57.7%-0.8pp | 58.6%-2.0pp | 60.6%+2.2pp | 58.4%-1.7pp | 60.1% |
| Operating Margin | 6.1%+14.6pp | -8.4%-16.3pp | 7.9%+1.7pp | 6.2%+22.9pp | -16.8%-48.7pp | 31.9%+23.8pp | 8.1%-0.3pp | 8.4% |
| Net Margin | 4.3%+16.2pp | -11.8%-12.0pp | 0.2%-10.2pp | 10.3%+12.6pp | -2.3%-17.4pp | 15.1%+9.3pp | 5.9%-1.8pp | 7.6% |
| Return on Equity | 1.8%+7.9pp | -6.1%-6.2pp | 0.1%-4.5pp | 4.6%+5.6pp | -1.0%-7.8pp | 6.9%+4.4pp | 2.5%-0.6pp | 3.0% |
| Return on Assets | 0.8%+3.3pp | -2.5%-2.5pp | 0.0%-1.9pp | 1.9%+2.4pp | -0.4%-3.6pp | 3.2%+2.0pp | 1.2%-0.2pp | 1.4% |
| Current Ratio | 1.68+0.2x | 1.52+0.1x | 1.47+0.1x | 1.37+0.3x | 1.11-0.2x | 1.270.0x | 1.29+0.1x | 1.24 |
| Debt-to-Equity | 0.460.0x | 0.480.0x | 0.460.0x | 0.46+0.1x | 0.37+0.1x | 0.310.0x | 0.310.0x | 0.32 |
| FCF Margin | -4.3%-26.2pp | 21.9%+25.6pp | -3.7%-12.1pp | 8.4%+13.3pp | -5.0%-23.9pp | 18.9%+19.4pp | -0.5%-12.8pp | 12.3% |
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Where Pvh Corporation Ranks
Frequently Asked Questions
What is Pvh Corporation's annual revenue?
Pvh Corporation (PVH) reported $9.0B in total revenue for fiscal year 2025. This represents a 3.4% 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 grew by 3.4% year-over-year, from $8.7B to $9.0B in fiscal year 2025.
Is Pvh Corporation profitable?
Yes, Pvh Corporation (PVH) reported a net income of $25.3M in fiscal year 2025, with a net profit margin of 0.3%.
What is Pvh Corporation's EBITDA?
Pvh Corporation (PVH) had EBITDA of $502.9M 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 $701.5M in cash and equivalents against $2.3B in long-term debt.
What is Pvh Corporation's gross margin?
Pvh Corporation (PVH) had a gross margin of 57.5% 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 2.6% 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 0.3% 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 0.5% 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 $538.4M in free cash flow during fiscal year 2025. This represents a -7.5% 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 $680.4M 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 $11.7B 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 $142.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Pvh Corporation's current ratio?
Pvh Corporation (PVH) had a current ratio of 1.52 as of fiscal year 2025, which is generally considered healthy.
What is Pvh Corporation's debt-to-equity ratio?
Pvh Corporation (PVH) had a debt-to-equity ratio of 0.48 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 0.2% 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 1.98, 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 5 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 to 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) reported $25.3M of net income while generating $680.4M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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 2.45x, meaning it can adequately 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 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.