PVH Corp. (PVH) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2027, filed Sep 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PVH SEC filings page.
PVH Corp. (PVH) reported $8.9B in revenue over the twelve months to Aug 2, 2026, up 1.5% 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).
Operating profit collapsed while revenue recovered, revealing a cost-heavy business whose cash generation outlasted its accounting earnings in FY2025.
Revenue recovered in FY2025, but operating margin fell from8.9% in FY2024 to2.6% , indicating costs absorbed the top-line recovery rather than scale improving profitability. Meanwhile, operating cash flow of$680M remained far above net income of$25M , making reported earnings unusually weak relative to cash generation.
Gross margin slipped from
Debt reached
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 Corp.'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 Corp. 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 55/100, indicating healthy but not exceptional operating efficiency. This is down from 8.9% the prior year.
PVH Corp.'s revenue grew a modest 3.4% year-over-year to $9.0B. This slow but positive growth earns a score of 26/100.
PVH Corp. 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 20/100, reflecting increased financial risk.
PVH Corp.'s current ratio of 1.52 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.
PVH Corp. has a free cash flow margin of 6.0%, earning a moderate score of 53/100. The company generates positive cash flow after capital investments, but with room for improvement.
PVH Corp.'s ROE of 0.5% shows moderate profitability relative to equity, earning a score of 54/100. This is down from 11.6% the prior year.
PVH Corp. scores 2.02, 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 Corp. 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 Corp. 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 Corp. 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 Corp. generated $2.1B in revenue in Q2 2027. This represents a decrease of 3.2% from the same quarter a year earlier. Against the prior quarter it is up 3.6%.
PVH Corp.'s EBITDA was -$133.6M in Q2 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 166.2% from the same quarter a year earlier. Against the prior quarter it is down 171.5%.
PVH Corp. reported -$102.9M in net income in Q2 2027. This represents a decrease of 145.9% from the same quarter a year earlier. Against the prior quarter it is down 216.9%.
PVH Corp. earned -$2.23 per diluted share (EPS) in Q2 2027. This represents a decrease of 148.2% from the same quarter a year earlier. Against the prior quarter it is down 217.4%.
Cash & Balance Sheet
PVH Corp. generated $346.4M in free cash flow in Q2 2027, representing cash available after capex. This represents an increase of 90.4% from the same quarter a year earlier. Against the prior quarter it is up 502.8%.
PVH Corp. held $965.9M in cash against $2.2B in long-term debt as of Q2 2027.
Not reported for Q2 2027.
Margins & Returns
PVH Corp.'s gross margin was 63.0% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is up 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.5 percentage points.
PVH Corp.'s operating margin was -9.1% in Q2 2027, reflecting core business profitability. This is down 15.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 15.2 percentage points.
PVH Corp.'s net profit margin was -4.9% in Q2 2027, showing the share of revenue converted to profit. This is down 15.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.3 percentage points.
PVH Corp.'s ROE was -2.1% in Q2 2027, measuring profit generated per dollar of shareholder equity. This is down 6.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.9 percentage points.
Capital Allocation
PVH Corp. spent $2.0M on share buybacks in Q2 2027, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 58.3% from the same quarter a year earlier. Against the prior quarter it is down 86.6%.
PVH Corp. invested $36.5M in capex in Q2 2027, funding long-term assets and infrastructure. This represents an increase of 17.0% from the same quarter a year earlier. Against the prior quarter it is down 7.6%.
Not reported for Q2 2027.
PVH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B-3.2% | $2.0B+2.1% | $2.5B+5.3% | $2.3B+1.7% | $2.2B+4.5% | $2.0B+1.6% | $2.3B-13.2% | $2.3B-4.6% |
| Cost of Revenue | $775.2M-15.4% | $838.9M+2.1% | $1.0B+13.4% | $1.0B+6.7% | $916.4M+10.6% | $821.9M+9.1% | $921.6M-19.4% | $938.5M-8.3% |
| Gross Profit | $1.3B+5.7% | $1.2B+2.1% | $1.4B0.0% | $1.3B-1.8% | $1.3B+0.4% | $1.2B-3.1% | $1.4B-8.7% | $1.3B-1.7% |
| SG&A Expenses | $1.1B-1.5% | $1.1B+4.9% | $1.2B+1.5% | $1.1B-2.9% | $1.1B+4.2% | $1.0B+0.6% | $1.2B-8.9% | $1.2B+2.7% |
| Operating Income | -$190.9M-243.3% | $124.3M+137.4% | -$207.7M-127.8% | $180.8M-1.3% | $133.2M-23.4% | -$332.2M-262.0% | $747.5M+113.2% | $183.1M-20.3% |
| EBITDA | -$133.6M-166.2% | $186.9M+170.7% | -$136.1M-116.5% | $250.2M-1.0% | $201.9M-17.2% | -$264.5M-195.4% | $822.5M+92.9% | $252.8M-17.1% |
| Interest Expense | $22.3M-13.6% | $22.7M+1.3% | $22.5M+4.2% | $23.2M+0.9% | $25.8M+13.2% | $22.4M-3.9% | $21.6M-16.3% | $23.0M-5.3% |
| Income Tax | -$99.7M+11.8% | $20.5M+106.7% | $62.4M-83.6% | $156.1M+344.7% | -$113.0M-3431.3% | -$304.8M-946.7% | $380.1M+443.8% | $35.1M-23.7% |
| Net Income | -$102.9M-145.9% | $88.0M+296.4% | -$291.1M-182.4% | $4.2M-96.8% | $224.2M+41.9% | -$44.8M-129.6% | $353.4M+37.8% | $131.9M-18.4% |
| EPS (Basic) | -$2.23-147.9% | $1.92+318.2% | -$3.23-212.9% | $0.09-96.2% | $4.66+64.7% | -$0.88-133.5% | $2.86-36.9% | $2.37-11.6% |
| EPS (Diluted) | -$2.23-148.2% | $1.90+315.9% | -$3.20-213.5% | $0.09-96.2% | $4.63+65.4% | -$0.88-134.0% | $2.82 | $2.34-12.0% |
| Diluted Shares (Avg) | 46M-4.9% | 46M-9.2% | N/A | 48M-14.9% | 49M-14.2% | 51M-12.5% | N/A | 56M-7.4% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.4B-1.8% | $11.3B+6.3% | $11.7B+5.9% | $11.4B+1.6% | $11.6B+3.5% | $10.7B-1.1% | $11.0B-1.3% | $11.2B+0.7% |
| Current Assets | $4.0B+20.7% | $3.4B+11.3% | $3.6B+3.4% | $3.3B-5.8% | $3.3B-3.4% | $3.0B+4.2% | $3.5B+7.0% | $3.5B+3.9% |
| Cash & Equivalents | $965.9M+288.2% | $592.5M+210.2% | $701.5M-6.2% | $158.2M-71.7% | $248.8M-59.2% | $191.0M-49.2% | $748.0M+5.7% | $559.6M+56.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.7B-2.9% | $1.5B-5.4% | $1.6B+5.0% | $1.7B+3.5% | $1.8B+13.2% | $1.6B+18.5% | $1.5B+6.3% | $1.6B+8.9% |
| Accounts Receivable | $921.4M+2.2% | $896.8M+4.2% | $994.6M+16.8% | $1.1B+12.1% | $901.3M+1.3% | $860.7M+6.2% | $851.2M+7.3% | $979.7M-6.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.5B-22.1% | $2.0B+3.0% | $2.0B-10.5% | $2.0B-14.8% | $2.0B-14.9% | $2.0B-15.8% | $2.3B-2.7% | $2.3B+1.8% |
| Total Liabilities | $6.6B-2.0% | $6.4B+6.5% | $6.9B+16.9% | $6.5B+9.9% | $6.8B+11.8% | $6.1B+5.7% | $5.9B-2.7% | $6.0B-2.6% |
| Current Liabilities | $2.4B+0.2% | $2.0B-26.3% | $2.4B-13.3% | $2.2B-17.1% | $2.4B-12.7% | $2.7B+45.4% | $2.7B-1.1% | $2.7B-5.3% |
| Non-Current Liabilities | $4.2B-3.3% | $4.4B+33.4% | $4.5B+43.2% | $4.3B+32.2% | $4.4B+32.4% | $3.3B-13.7% | $3.2B-4.0% | $3.3B-0.3% |
| Long-Term Debt | $2.2B-0.9% | $2.3B+31.9% | $2.3B+45.0% | $2.2B+35.8% | $2.3B+35.2% | $1.7B-19.8% | $1.6B-0.7% | $1.7B+5.3% |
| Total Equity | $4.8B-1.5% | $4.9B+6.0% | $4.8B-6.8% | $4.9B-7.7% | $4.9B-6.3% | $4.6B-8.7% | $5.1B+0.4% | $5.3B+4.6% |
| Retained Earnings | $6.0B-2.9% | $6.1B+2.5% | $6.0B+0.3% | $6.2B+5.7% | $6.2B+8.1% | $5.9B+7.1% | $6.0B+10.9% | $5.8B+13.7% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $382.9M+79.7% | -$46.5M+34.9% | $583.2M+19.9% | -$44.5M-255.1% | $213.1M-27.1% | -$71.4M-7.0% | $486.5M-26.0% | $28.7M-75.2% |
| Depreciation & Amortization | $57.3M-16.6% | $62.6M-7.5% | $66.5M-5.8% | $69.4M-0.4% | $68.7M-1.6% | $67.7M-6.1% | $70.6M-6.6% | $69.7M-7.3% |
| Stock-Based Compensation | N/A | $12.0M-0.8% | N/A | N/A | N/A | $12.1M+15.2% | N/A | N/A |
| Capital Expenditures | $36.5M+17.0% | $39.5M+47.9% | $43.5M+0.5% | $40.6M+1.5% | $31.2M-14.8% | $26.7M-31.2% | $43.3M-46.8% | $40.0M-15.6% |
| Free Cash Flow | $346.4M+90.4% | -$86.0M+12.3% | $539.7M+21.8% | -$85.1M-653.1% | $181.9M-28.9% | -$98.1M+7.0% | $443.2M-23.1% | -$11.3M-116.6% |
| Investing Cash Flow | $5.7M+118.4% | -$42.3M-51.1% | -$39.8M-7.3% | -$41.3M-44.4% | -$31.0M-0.6% | -$28.0M+32.0% | -$37.1M-146.3% | -$28.6M+40.3% |
| Financing Cash Flow | -$12.9M+90.1% | -$20.6M+95.5% | -$6.5M+97.4% | -$5.7M+88.4% | -$130.6M-351.9% | -$462.9M-108.6% | -$250.4M+36.0% | -$49.2M+34.0% |
| Dividends Paid | N/A | $3.5M-10.3% | N/A | $3.6M-16.3% | N/A | $3.9M-9.3% | N/A | $4.3M+87.0% |
| Share Buybacks | $2.0M-58.3% | $14.9M-97.4% | $500K-99.8% | $200K-99.4% | $4.8M-84.7% | $572.2M+167.4% | $244.6M-13.8% | $34.8M-52.0% |
PVH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.0%+5.3pp | 58.6%0.0pp | 57.6%-3.0pp | 56.4%-2.0pp | 57.7%-2.3pp | 58.6%-2.8pp | 60.6%+3.0pp | 58.4%+1.7pp |
| Operating Margin | -9.1%-15.3pp | 6.1%+22.9pp | -8.4%-40.4pp | 7.9%-0.2pp | 6.2%-2.2pp | -16.8%-27.3pp | 31.9%+18.9pp | 8.1%-1.6pp |
| Net Margin | -4.9%-15.3pp | 4.3%+6.6pp | -11.8%-26.9pp | 0.2%-5.7pp | 10.3%+2.7pp | -2.3%-10.0pp | 15.1%+5.6pp | 5.9%-1.0pp |
| Return on Equity | -2.1%-6.8pp | 1.8%+2.8pp | -6.1%-12.9pp | 0.1%-2.4pp | 4.6%+1.6pp | -1.0%-4.0pp | 6.9%+1.9pp | 2.5%-0.7pp |
| Return on Assets | -0.9%-2.8pp | 0.8%+1.2pp | -2.5%-5.7pp | 0.0%-1.1pp | 1.9%+0.5pp | -0.4%-1.8pp | 3.2%+0.9pp | 1.2%-0.3pp |
| Current Ratio | 1.65+0.3x | 1.68+0.6x | 1.52+0.2x | 1.47+0.2x | 1.37+0.1x | 1.11-0.4x | 1.27+0.1x | 1.29+0.1x |
| Debt-to-Equity | 0.470.0x | 0.46+0.1x | 0.48+0.2x | 0.46+0.1x | 0.46+0.1x | 0.37-0.1x | 0.310.0x | 0.310.0x |
| Asset Turnover | 0.180.0x | 0.180.0x | 0.210.0x | 0.200.0x | 0.190.0x | 0.190.0x | 0.210.0x | 0.200.0x |
| FCF Margin | 16.5%+8.1pp | -4.3%+0.7pp | 21.9%+3.0pp | -3.7%-3.2pp | 8.4%-3.9pp | -5.0%+0.4pp | 18.9%-2.4pp | -0.5%-3.4pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| PVH Corp. PVH | FY2025 | $9.0B | $25.3M | 0.3% | $3.9B | 42/100 |
| Kontoor Brands, Inc. KTB | FY2025 | $3.2B | $227.5M | 7.2% | $3.8B | 64/100 |
| V.F. Corporation VFC | FY2026 | $9.6B | $254.9M | 2.6% | $6.5B | 31/100 |
| Columbia Sportswear Co COLM | FY2025 | $3.4B | $177.2M | 5.2% | $3.0B | 59/100 |
| Levi Strauss & Co. LEVI | FY2025 | $6.3B | $578.1M | 9.2% | $7.5B | 55/100 |
| Hanesbrands, Inc. HBI | FY2024 | $3.5B | -$320.4M | -9.1% | $2.3B | 36/100 |
Where PVH Corp. Ranks
Frequently Asked Questions
What is PVH Corp.'s annual revenue?
PVH Corp. (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 Corp.'s revenue growing?
PVH Corp. (PVH) revenue grew by 3.4% year-over-year, from $8.7B to $9.0B in fiscal year 2025.
Is PVH Corp. profitable?
Yes, PVH Corp. (PVH) reported a net income of $25.3M in fiscal year 2025, with a net profit margin of 0.3%.
What is PVH Corp.'s EBITDA?
PVH Corp. (PVH) had EBITDA of $502.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does PVH Corp. have?
As of fiscal year 2025, PVH Corp. (PVH) had $701.5M in cash and equivalents against $2.3B in long-term debt.
What is PVH Corp.'s gross margin?
PVH Corp. (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 Corp.'s operating margin?
PVH Corp. (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 Corp.'s net profit margin?
PVH Corp. (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 Corp. pay dividends?
Yes, PVH Corp. (PVH) paid $0.15 per share in dividends during fiscal year 2025.
What is PVH Corp.'s return on equity (ROE)?
PVH Corp. (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 Corp.'s free cash flow?
PVH Corp. (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 Corp.'s operating cash flow?
PVH Corp. (PVH) generated $680.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are PVH Corp.'s total assets?
PVH Corp. (PVH) had $11.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are PVH Corp.'s capital expenditures?
PVH Corp. (PVH) invested $142.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is PVH Corp.'s current ratio?
PVH Corp. (PVH) had a current ratio of 1.52 as of fiscal year 2025, which is generally considered healthy.
What is PVH Corp.'s debt-to-equity ratio?
PVH Corp. (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 Corp.'s return on assets (ROA)?
PVH Corp. (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 Corp.'s P/E ratio?
PVH Corp. (PVH) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to August 2, 2026). The market capitalization is $3.9B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PVH Corp.'s price-to-sales ratio?
PVH Corp. (PVH) trades at 0.4x sales, its market capitalization divided by revenue of $8.9B revenue, trailing 12 months to August 2, 2026. The market capitalization is $3.9B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PVH Corp.'s Altman Z-Score?
PVH Corp. (PVH) has an Altman Z-Score of 2.02, 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 Corp.'s Piotroski F-Score?
PVH Corp. (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 Corp.'s earnings high quality?
PVH Corp. (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 Corp. cover its interest payments?
PVH Corp. (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 Corp.?
PVH Corp. (PVH) scores 42 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.