PVHNYSEMen's & Boys' Furnishgs, Work Clothg, & Allied GarmentsFiscal year ends January 31
PVH CORP. /DE/
Financials through Q2 FY2026, quarter ended Aug 2, 2026Last filing: 10-Q on Sep 2, 2026
$85.20+0.52 (+0.61%)
Close on Oct 19, 2026
- Market cap
- $3.93B
- P/E (TTM)
- 163.8
- Dividend yield
- 0.18%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
57.5%+4.6 pts over 5 years
Operating margin
2.6%+17.6 pts over 5 years
Net margin
0.3%+16.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.4% | -0.3% | +4.6% | +1.1% | |
| Gross profit | +0.1% | +0.2% | +6.4% | +2.2% | |
| Operating income | -70.1% | -21.2% | – | -11.2% | |
| Net income | -95.8% | -49.8% | – | -26.8% | |
| EPS, diluted | -95.1% | -44.4% | – | -22.8% | |
| Free cash flow | -7.5% | – | +2.7% | -1.7% | |
| Dividend per share | 0.0% | 0.0% | +32.0% | +14.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.7% | -21.6% | 0.5% | |
| Return on assets | 5.1% | -8.4% | 0.2% | |
| Current ratio | 1.84 | 1.53 | 1.52 | |
| Debt to equity | 0.67 | 0.75 | 0.48 | |
| Net debt to EBITDA | 2.24× | -2.55× | 3.19× | |
| Interest coverage | 6.5× | -8.5× | 2.4× | |
| Inventory turnover | 2.9× | 2.2× | 2.5× | |
| Capex to revenue | 3.0% | 3.2% | 1.6% | |
| Diluted shares | 81M | 71M | 49M |
Where the cash went
Fiscal 2021 to 2025, five years combined
PVH generated $3.50B from operations and spent $3.56B on capital expenditure, dividends and share buybacks. 31% of that went back into the business.
Generated
$3.50B
Used
$3.56B
Capital expenditure$1.10B31%Dividends$00%Share buybacks$2.45B69%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.3%
×Asset turnover0.79×
×Equity multiplier2.29×
=Return on equity, FY20250.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.3% | 0.79× | 2.29× | 0.5% |
| FY2024 | 6.9% | 0.78× | 2.16× | 11.7% |
| FY2023 | 7.2% | 0.80× | 2.26× | 13.1% |
| FY2022 | 2.2% | 0.75× | 2.35× | 3.9% |
| FY2021 | 10.4% | 0.71× | 2.56× | 19.0% |
| FY2020 | -15.9% | 0.53× | 2.55× | -21.6% |
| FY2019 | 4.2% | 0.78× | 2.19× | 7.2% |
| FY2018 | 7.7% | 0.81× | 2.09× | 13.1% |
| FY2017 | 6.0% | 0.78× | 2.22× | 10.4% |
| FY2016 | 6.7% | 0.75× | 2.32× | 11.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$25.30M
- Cash generatingOperating cash flow above zero$680.40M
- Return on assets improvedROA up on the prior year5.4% → 0.2%
- Earnings backed by cashOperating cash flow above net income$680.40M vs $25.30M
- Less leverageLong-term debt to assets fell14.3% → 19.6%
- Better liquidityCurrent ratio rose1.27 → 1.52
- No dilutionShare count did not rise57M → 49M
- Gross margin improvedGross margin up on the prior year59.43% → 57.52%
- More efficientAsset turnover rose0.77 → 0.81