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 18 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 FY2026 profit collapse came from expense absorption, as gross profit stayed near $5.1B but overhead left only a thin earnings residue.
In FY2026, cash generation detached from accounting profit: net income was only$25.3M while free cash flow stayed at$538.4M . That gap, with capex just$142M , suggests the earnings damage was concentrated in below-gross-profit costs and non-cash or timing items rather than in cash leaving the business at the same pace.
The squeeze happened after the product-level economics: gross margin slipped to
Liquidity improved even as leverage crept up: cash climbed to
Financial Health Signals
Scored against operating companies for FY2026. 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 0.46), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 18/100, reflecting increased financial risk.
Pvh Corporation's current ratio of 1.68 indicates adequate short-term liquidity, earning a score of 48/100. 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 13.0% the prior year.
Pvh Corporation scores 2.09, 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.
For every $1 of reported earnings, Pvh Corporation generates $26.89 in operating cash flow ($680.4M OCF vs $25.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Pvh Corporation earns $2.4 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 2026. This represents an increase of 3.4% from the prior year.
Pvh Corporation's EBITDA was $502.9M in fiscal year 2026, 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 2026. This represents a decrease of 95.8% from the prior year.
Pvh Corporation earned $0.52 per diluted share (EPS) in fiscal year 2026. 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 2026, representing cash available after capex. This represents a decrease of 7.5% from the prior year.
Pvh Corporation held $592.5M in cash against $2.3B in long-term debt as of fiscal year 2026.
Pvh Corporation paid $0.15 per share in dividends in fiscal year 2026. This represents an increase of 0.0% from the prior year.
Pvh Corporation had 46M shares outstanding in fiscal year 2026. This represents a decrease of 13.0% from the prior year.
Margins & Returns
Pvh Corporation's gross margin was 57.5% in fiscal year 2026, 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 2026, 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 2026, 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 2026, measuring profit generated per dollar of shareholder equity. This is down 12.4 percentage points from the prior year.
Capital Allocation
Pvh Corporation spent $577.7M on share buybacks in fiscal year 2026, 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 2026, funding long-term assets and infrastructure. This represents a decrease of 10.5% from the prior year.
PVH Income Statement
| 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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 | N/A | $0.09-98.1% | $4.63+626.1% | $-0.88 | N/A | $2.34-16.4% | $2.80 |
PVH Balance Sheet
| 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
| 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
| 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+0.2 | 1.52+0.1 | 1.47+0.1 | 1.37+0.3 | 1.11-0.2 | 1.27-0.0 | 1.29+0.1 | 1.24 |
| Debt-to-Equity | 0.46-0.0 | 0.48+0.0 | 0.460.0 | 0.46+0.1 | 0.37+0.1 | 0.310.0 | 0.310.0 | 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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Frequently Asked Questions
What is Pvh Corporation's annual revenue?
Pvh Corporation (PVH) reported $9.0B in total revenue for fiscal year 2026. 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 2026.
Is Pvh Corporation profitable?
Yes, Pvh Corporation (PVH) reported a net income of $25.3M in fiscal year 2026, 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 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Pvh Corporation have?
As of fiscal year 2026, Pvh Corporation (PVH) had $592.5M 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 2026, 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 2026, 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 2026, 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 2026.
What is Pvh Corporation's return on equity (ROE)?
Pvh Corporation (PVH) has a return on equity of 0.5% for fiscal year 2026, 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 2026. 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 2026, representing cash generated from core business activities.
What are Pvh Corporation's total assets?
Pvh Corporation (PVH) had $11.3B in total assets as of fiscal year 2026, 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 2026, funding long-term assets and infrastructure.
What is Pvh Corporation's current ratio?
Pvh Corporation (PVH) had a current ratio of 1.68 as of fiscal year 2026, which is generally considered healthy.
What is Pvh Corporation's debt-to-equity ratio?
Pvh Corporation (PVH) had a debt-to-equity ratio of 0.46 as of fiscal year 2026, 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 2026, 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 2.09, 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) has an earnings quality ratio of 26.89x, 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 2.4x, 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 44 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.