PVH Corp. (PVH) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$3.08	$3.7	+20.1%	—	$2.1B	—
Q1 27	$1.82	$2.01	+10.4%	—	$2B	—
Q4 26	$3.3	$3.82	+15.8%	—	$2.5B	—
Q3 26	$2.54	$2.83	+11.4%	—	$2.3B	—
Q2 26	$2	$2.52	+26.0%	—	$2.2B	—
Q1 26	$2.25	$2.3	+2.2%	—	$2B	—
Q4 25	$3.21	$3.27	+1.9%	—	$2.4B	—
Q3 25	$2.59	$3.03	+17.0%	—	$2.3B	—
Q2 25	$2.28	$3.01	+32.0%	—	$2.1B	—
Q1 25	$2.19	$2.45	+11.9%	—	$2B	—
Q4 24	$3.52	$3.72	+5.7%	—	$2.5B	—
Q3 24	$2.74	$2.9	+5.8%	—	—	—
Q2 24	$1.76	$1.98	+12.5%	—	$2.2B	—
Q1 24	$1.94	$2.14	+10.3%	—	$2.2B	—
Q4 23	$1.67	$2.38	+42.5%	—	$2.5B	—
Q3 23	$2.15	$2.6	+20.9%	—	$2.3B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$0.53	—	—	$9B	—
FY25	—	$10.7	—	—	$8.7B	—
FY24	—	$10.9	—	—	$9.2B	—
FY23	—	$3.05	—	—	$9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$8.2B	$8.9B	$9.7B	$9.9B	$7.1B	$9.2B	$9B	$9.2B	$8.7B	$9B
YoY change	+2.28%	+8.68%	+8.32%	+2.61%	-28%	+28.4%	-1.43%	+2.14%	-6.13%	+3.44%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	8.2B	8.9B	9.7B	9.9B	7.1B	9.2B	9B	9.2B	8.7B	9B
Cost of revenue	3.8B	4B	4.3B	4.5B	3.4B	3.8B	3.9B	3.9B	3.5B	3.8B
Gross profit	4.4B	4.9B	5.3B	5.4B	3.8B	5.3B	5.1B	5.4B	5.1B	5.1B
Gross margin	53.3%	54.9%	55%	54.4%	53%	58.2%	56.8%	58.2%	59.4%	57.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.7B	4.2B	4.4B	4.7B	4B	4.5B	4.4B	4.5B	4.4B	4.5B
Operating expenses	3.7B	4.2B	4.4B	4.7B	4B	4.5B	4.4B	4.5B	4.4B	4.5B
Operating income	692.4M	649.2M	875.5M	673.2M	-206.4M	870.2M	745.5M	820.6M	731.2M	656.5M
Operating margin	8.44%	7.28%	9.07%	6.79%	-2.89%	9.51%	8.26%	8.9%	8.45%	7.34%
Non-operating income, net	96.8M	-16.8M	16.2M	-114.5M	-865.3M	206.7M	-274.8M	108.2M	41.1M	-425.9M
Pretax income	674.2M	510.2M	775.6M	444M	-1.2B	972.7M	388.2M	841M	705.7M	151.3M
Income tax	125.5M	-25.9M	31M	28.9M	-55.5M	20.7M	187.8M	177.4M	107.2M	126M
Net income	548.7M	536.1M	744.6M	415.1M	-1.1B	952M	200.4M	663.6M	598.5M	25.3M
Net margin	6.69%	6.01%	7.71%	4.19%	-15.9%	10.4%	2.22%	7.2%	6.92%	0.28%
EBITDA	1.1B	987.5M	1.2B	893M	191.8M	1.4B	1.2B	1.2B	1.1B	997.3M
EPS	6.85	6.71	9.76	5.62	-16	13.5	3.05	10.9	10.7	0.53
Diluted EPS	6.79	6.71	9.65	5.6	-16	13.3	3.03	10.8	10.6	0.52

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	—	2.5B	2B	2.1B	2.3B	2.4B	2B	2.2B	2.3B	2.5B	2B	2.1B
Cost of revenue	1B	988.7M	753.2M	828.4M	938.5M	990.3M	821.9M	916.4M	1B	1.1B	838.9M	775.2M
Gross profit	—	1.5B	1.2B	1.2B	1.3B	1.4B	1.2B	1.3B	1.3B	1.4B	1.2B	1.3B
Gross margin	—	60.3%	61.4%	60.1%	58.4%	58.2%	58.6%	57.7%	56.3%	57.6%	58.6%	63%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	1.2B	1B	1.1B	1.2B	1.2B	1B	1.1B	1.1B	1.2B	1.1B	1.1B
Operating expenses	—	1.2B	1B	1.1B	1.2B	1.2B	1B	1.1B	1.1B	1.2B	1.1B	1.1B
Operating income	—	284.9M	181.4M	162.6M	162.6M	224.6M	137.8M	121.9M	171.8M	225M	111.8M	209.3M
Operating margin	—	11.4%	9.29%	7.84%	7.21%	9.47%	6.95%	5.62%	7.49%	8.98%	5.52%	9.98%
Non-operating income, net	—	72M	23.7M	11.3M	20.5M	-14.4M	-470M	11.3M	9M	23.8M	12.5M	-400.2M
Pretax income	—	336.9M	187.4M	154.8M	167M	196.5M	-349.6M	111.2M	160.3M	229.4M	108.5M	-202.6M
Income tax	—	65.1M	36M	-3.2M	35.1M	39.3M	-304.8M	-113M	156.1M	387.7M	20.5M	-99.7M
Net income	—	271.8M	151.4M	158M	131.9M	157.2M	-44.8M	224.2M	4.2M	-158.3M	88M	-102.9M
Net margin	—	10.9%	7.76%	7.62%	5.85%	6.63%	-2.26%	10.3%	0.18%	-6.32%	4.35%	-4.91%
EBITDA	—	436.3M	282.8M	247.4M	259.7M	287.8M	220M	205.7M	252.9M	318.7M	193.8M	316M
EPS	2.68	4.61	2.63	2.83	2.36	2.87	-0.88	4.66	0.09	-3.46	1.92	-2.23
Diluted EPS	2.66	4.55	2.59	2.83	2.34	2.83	-0.88	4.63	0.09	-3.46	1.9	-2.23

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	7.5B	12.4B	8.3B	6.5B	6.1B	6.7B	5.9B	7.3B	5B	—	3.5B
Enterprise value	10B	15B	10.7B	10.6B	9.8B	9.4B	9.2B	10.2B	7.7B	—	6.7B
Shares outstanding	80.2M	80.2M	76.5M	74.2M	71.2M	70.8M	65.7M	61M	56M	48.1M	48.1M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	13.7	23.2	11.2	15.6	—	7.07	29.5	11.1	8.38	—	22
P/S	0.92	1.4	0.86	0.65	0.85	0.73	0.65	0.8	0.58	—	0.39
P/B	1.57	2.25	1.43	1.11	1.28	1.27	1.18	1.43	0.98	—	0.73
EV/EBITDA	8.84	15.2	8.71	11.9	51.2	6.77	7.68	8.2	7.11	—	7.29
EV/Sales	1.22	1.69	1.11	1.07	1.38	1.03	1.02	1.1	0.89	—	0.75
Earnings yield	7.29%	4.31%	8.92%	6.42%	—	14.2%	3.39%	9.05%	11.9%	—	4.55%
FCF yield	8.72%	2.3%	5.67%	10.4%	7.76%	11.9%	-4.25%	9.88%	11.6%	—	15.2%
PEG	—	—	—	—	—	—	—	—	—	—	-0.15

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	53.3%	54.9%	55%	54.4%	53%	58.2%	56.8%	58.2%	59.4%	57.5%	63%
Operating margin	8.44%	7.28%	9.07%	6.79%	-2.89%	9.51%	8.26%	8.9%	8.45%	7.34%	5.34%
Net margin	6.69%	6.01%	7.71%	4.19%	-15.9%	10.4%	2.22%	7.2%	6.92%	0.28%	-1.89%
ROE	11.4%	9.68%	12.8%	7.15%	-24.1%	18%	4%	13%	11.6%	0.53%	-3.5%
ROA	4.96%	4.51%	6.28%	3.05%	-8.56%	7.68%	1.7%	5.94%	5.42%	0.22%	3.7%
ROIC	7.73%	7.99%	10.2%	6.32%	-2.43%	10.6%	4.64%	8.15%	7.97%	1.31%	0%
Return on tangible assets	-17.7%	-16.6%	-28.5%	-60.5%	-326.4%	761.6%	36.4%	198.7%	127%	1.75%	-7.73%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.84	1.62	1.71	1.44	1.53	1.31	1.29	1.18	1.27	1.52	1.65
Quick ratio	1	0.77	0.8	0.75	0.98	0.83	0.64	0.66	0.72	0.85	0.93
Debt / equity	0.67	0.56	0.49	0.8	1.14	0.75	0.76	0.69	0.66	0.9	0.87
Debt / assets	0.29	0.26	0.24	0.34	0.41	0.32	0.33	0.32	0.31	0.37	0.36
Net debt / EBITDA	2.2	2.62	1.93	4.65	19.6	1.94	2.74	2.28	2.45	3.61	2.96
Interest coverage	6.58	4.97	7.42	4.7	-8.51	9.96	5.33	9.47	8.86	2.61	4.25
Effective tax rate	18.6%	0%	4%	6.51%	0%	2.13%	48.4%	21.1%	15.2%	83.3%	100%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	102.3	111.2	126.2	133.5	100.2	129.3	137.4	151.1	154.5	186.1	192.7
EPS (basic)	6.85	6.71	9.76	5.62	-16	13.5	3.05	10.9	10.7	0.53	0.53
EPS (diluted)	6.79	6.71	9.65	5.6	-16	13.3	3.03	10.8	10.6	0.52	-3.41
Book value per share	59.9	69.1	76.2	78.3	66.4	74.7	76.3	83.9	91.8	99.6	103.9
FCF per share	8.18	3.57	6.18	9.1	6.62	11.3	-3.82	11.9	10.4	11.2	15.5
Cash per share	9.1	6.16	5.91	6.78	23.2	17.5	8.38	11.6	13.4	14.6	20.9
Capex per share	2.87	4.42	4.96	3.85	3.18	3.78	4.42	4.01	2.83	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	2.8%	3.98%	3.93%	2.88%	3.18%	2.93%	3.21%	2.65%	1.83%	—	—
Capex / operating cash flow	23.8%	53.6%	45.6%	34.4%	-85.3%	24%	-112.1%	22.6%	21.8%	—	—
Payout ratio	2.22%	2.22%	1.56%	2.72%	-0.24%	0.28%	5.04%	1.42%	1.44%	29.6%	4.55%
Dividend yield	0.16%	0.1%	0.14%	0.17%	0.04%	0.04%	0.17%	0.13%	0.17%	—	0.2%

Yield

0.2%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.038

ex-dividend Sep 2, 2026

Payout ratio

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 2, 2026	$0.038
Jun 3, 2026	$0.038
Mar 4, 2026	$0.038

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	—	$2.5B	$2B	$2.1B	$2.3B	$2.4B	$2B	$2.2B	$2.3B	$2.5B	$2B	$2.1B
YoY change	—	+0.05%	-9.55%	-6.01%	—	-4.75%	+1.62%	+4.48%	+1.74%	+5.63%	+2.09%	-3.24%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	730.1M	493.9M	452M	503.4M	1.7B	1.2B	550.7M	707.6M	748M	701.5M
Receivables	616M	658.5M	777.8M	741.4M	641.5M	745.2M	923.7M	793.3M	851.2M	994.6M
Inventory	1.3B	1.6B	1.7B	1.6B	1.4B	1.3B	1.8B	1.4B	1.5B	1.6B
Total current assets	2.9B	3B	3.2B	3.4B	3.9B	3.7B	3.6B	3.3B	3.5B	3.6B
Property, plant & equipment	702.5M	844.5M	929.7M	2.6B	2.5B	2.2B	2.2B	2B	1.9B	2.5B
Goodwill & intangibles	14.2B	15.1B	14.5B	14.3B	12.9B	12.3B	11.2B	10.8B	10.6B	10.2B
Total assets	11.1B	11.9B	11.9B	13.6B	13.3B	12.4B	11.8B	11.2B	11B	11.7B
Accounts payable	682.6M	889.8M	924.2M	882.8M	1.1B	1.2B	1.3B	1.1B	1.2B	1.1B
Short-term debt	19.1M	19.5M	12.8M	426.9M	462.5M	421M	511.8M	866.4M	799.9M	359.7M
Total current liabilities	1.6B	1.9B	1.9B	2.4B	2.6B	2.8B	2.8B	2.8B	2.7B	2.4B
Long-term debt	3.2B	3.1B	2.8B	4.2B	4.9B	3.5B	3.3B	2.7B	2.6B	3.9B
Total liabilities	6.3B	6.3B	6B	7.8B	8.6B	7.1B	6.8B	6.1B	5.9B	6.9B
Shareholders' equity	4.8B	5.5B	5.8B	5.8B	4.7B	5.3B	5B	5.1B	5.1B	4.8B
Total debt	3.2B	3.1B	2.8B	4.7B	5.4B	4B	3.8B	3.5B	3.4B	4.3B
Net debt	2.5B	2.6B	2.4B	4.1B	3.8B	2.7B	3.3B	2.8B	2.6B	3.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	—	707.6M	376.2M	610M	559.6M	748M	191M	248.8M	158.2M	701.5M	592.5M	965.9M
Receivables	1B	793.3M	810.4M	889.7M	979.7M	851.2M	860.7M	901.3M	1.1B	994.6M	896.8M	921.4M
Inventory	—	1.4B	1.3B	1.6B	1.6B	1.5B	1.6B	1.8B	1.7B	1.6B	1.5B	1.7B
Total current assets	—	3.3B	2.9B	3.4B	3.5B	3.5B	3B	3.3B	3.3B	3.6B	3.4B	4B
Property, plant & equipment	—	2B	2.1B	2B	2B	1.9B	2B	2.6B	2.5B	2.5B	2.5B	2.4B
Goodwill & intangibles	—	10.8B	10.8B	10.8B	10.8B	10.6B	10B	10.1B	10.1B	10.2B	10.2B	9.2B
Total assets	—	11.2B	10.8B	11.2B	11.2B	11B	10.7B	11.6B	11.4B	11.7B	11.3B	11.4B
Accounts payable	—	1.1B	863M	1.2B	1.1B	1.2B	991M	1.3B	1B	1.1B	906.7M	1.3B
Short-term debt	—	866.4M	316.1M	822M	804.5M	799.9M	921.2M	342.4M	352.8M	359.7M	352.5M	360.8M
Total current liabilities	—	2.8B	1.9B	2.8B	2.7B	2.7B	2.7B	2.4B	2.2B	2.4B	2B	2.4B
Long-term debt	—	2.7B	3.2B	2.7B	2.7B	2.6B	2.8B	3.9B	3.9B	3.9B	3.9B	3.8B
Total liabilities	—	6.1B	5.7B	6B	6B	5.9B	6.1B	6.8B	6.5B	6.9B	6.4B	6.6B
Shareholders' equity	—	5.1B	5.1B	5.2B	5.3B	5.1B	4.6B	4.9B	4.9B	4.8B	4.9B	4.8B
Total debt	—	3.5B	3.6B	3.6B	3.5B	3.4B	3.7B	4.3B	4.3B	4.3B	4.2B	4.2B
Net debt	—	2.8B	3.2B	2.9B	3B	2.6B	3.5B	4B	4.1B	3.6B	3.6B	3.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	548.7M	536.1M	744.6M	415.1M	-1.1B	952M	200.4M	663.6M	598.5M	25.3M
Depreciation & amortization	321.8M	324.9M	334.8M	323.8M	325.8M	313.3M	301.5M	298.6M	282.2M	272.3M
Stock-based compensation	38.2M	44.9M	56.2M	56.1M	50.5M	46.8M	46.6M	51.9M	54M	44.1M
Change in working capital	211.1M	26.6M	-164M	81.1M	637.1M	-11M	-817.2M	100.6M	-161.9M	-54.8M
Operating cash flow	968M	661.4M	832.4M	831.4M	-265.7M	1.1B	-258.9M	1.1B	727.7M	680.4M
Capital expenditure	-229.9M	-354.7M	-379.5M	-285.8M	-226.6M	-267.9M	-290.1M	-244.7M	-158.7M	—
Investing cash flow	-427.2M	-402.7M	-395.4M	-505.9M	-59.1M	-267.9M	-278.2M	-85.1M	-137.7M	1.9M
Dividends paid	-12.2M	-11.9M	-11.6M	-11.3M	-2.7M	-2.7M	-10.1M	-9.4M	-8.6M	-7.5M
Share repurchases	-322.1M	-259.1M	-325.2M	-345.1M	-117.3M	-361.3M	-418.6M	-570.3M	-524.8M	-577.7M
Financing cash flow	-906.6M	-539M	-505.6M	-454.1M	419.9M	-1.4B	-428.2M	-739.7M	-557.7M	-607.1M
Net change in cash	-365.8M	-280.3M	-68.6M	-128.6M	95.1M	-575.8M	-965.3M	260.2M	32.3M	75.2M
Free cash flow	656M	286.1M	473M	675.1M	471.1M	803.3M	-250.9M	724.7M	582.2M	538.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	161.6M	271.8M	151.4M	158M	131.9M	157.2M	-44.8M	224.2M	4.2M	-158.3M	88M	-102.9M
Depreciation & amortization	75.2M	75.6M	72.1M	69.8M	69.7M	70.6M	67.7M	68.7M	69.4M	66.5M	62.6M	57.3M
Stock-based compensation	12.1M	12.4M	10.5M	16.4M	12.2M	14.9M	12.1M	13.9M	11M	7.1M	12M	13.1M
Change in working capital	-155.4M	376.1M	-245.4M	30.3M	-172.6M	225.8M	-190.9M	50.5M	-247.4M	333M	-135.1M	155.2M
Operating cash flow	86.8M	750.3M	-26.9M	272.7M	27.1M	454.8M	-498.2M	213.1M	-44.5M	583.2M	-46.5M	382.9M
Capital expenditure	-47.4M	-81.4M	-38.8M	-36.6M	-30.5M	-52.8M	-26.7M	—	—	—	—	—
Investing cash flow	-47.9M	80.2M	-41.2M	-30.8M	-28.6M	-46.6M	-28M	200K	-700K	3.7M	-2.8M	4.5M
Dividends paid	-2.3M	-2.3M	-2.2M	-2.1M	-2.1M	-2.2M	-1.9M	-2M	-1.8M	-1.8M	-1.8M	-1.7M
Share repurchases	-72.5M	-283.6M	-214M	-31.4M	-34.8M	-244.6M	-572.2M	-4.8M	-200K	-500K	-14.9M	-2M
Financing cash flow	-70.4M	-408.9M	-228.9M	-29.2M	-610.9M	-250.4M	-463M	-131.9M	-5.7M	-6.5M	-20.6M	-12.9M
Net change in cash	-31.5M	421.6M	-297M	212.7M	-612.4M	157.8M	-989.2M	81.4M	-50.9M	580.4M	-69.9M	374.5M
Free cash flow	68.1M	576.3M	-105.5M	255.8M	-11.3M	443.2M	-98.1M	181.9M	-85.1M	539.7M	-86M	346.4M

Date	Ratio
Oct 10, 1991	2:1
Jun 17, 1987	5:2
Jan 4, 1984	2:1

PVH Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history