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Pvh Corporation Financials

PVH
Source SEC Filings (10-K/10-Q) Updated Feb 1, 2026 Currency USD FYE February

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).

Rhea AI PVH FY2026

Stable gross margin and low reinvestment needs kept cash healthy even as overhead compressed FY2026 earnings.

Across FY2024-FY2026, gross margin barely moved, yet operating margin fell from 10.1% to 2.6%. With free cash flow still at $538.4M in FY2026, the pressure looks concentrated in selling and administrative expense absorption and below-the-line items, not in a breakdown of the basic product economics.

FY2026 gross profit was still $5.15B, but SG&A consumed $4.49B; when those lines get that close, a business can remain gross-margin resilient while becoming earnings-fragile. That helps explain why revenue recovered from FY2025 but net income almost disappeared: the company still created merchandise margin, but too little of it reached operating profit.

Capex was only $142M against operating cash flow of $680.4M, extending a light capital intensity pattern visible for several years and leaving a wide gap between cash generation and maintenance spending. That cash profile funded $577.7M of buybacks while year-end cash still rose to $701.5M, even with debt higher than FY2025.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 42 / 100
Financial Profile 42/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Profitability
36

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 36/100, indicating healthy but not exceptional operating efficiency. This is down from 8.9% the prior year.

Growth
31

Pvh Corporation's revenue grew a modest 3.4% year-over-year to $9.0B. This slow but positive growth earns a score of 31/100.

Leverage
92

Pvh Corporation carries a low D/E ratio of 0.48, meaning only $0.48 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
26

Pvh Corporation's current ratio of 1.52 is below the typical benchmark, resulting in a score of 26/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
42

Pvh Corporation has a free cash flow margin of 6.0%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
26

Pvh Corporation generates a 0.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is down from 13.0% the prior year.

Altman Z-Score Grey Zone
2.06

Pvh Corporation scores 2.06, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral
5/9

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.

Earnings Quality Cash-Backed
26.89x

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.

Interest Coverage Adequate
2.4x

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

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Earnings & Revenue

Revenue
$9.0B
YoY+3.4%
5Y CAGR+4.6%
10Y CAGR+1.1%

Pvh Corporation generated $9.0B in revenue in fiscal year 2026. This represents an increase of 3.4% from the prior year.

EBITDA
$502.9M
YoY-52.3%
10Y CAGR-6.8%

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.

Net Income
$25.3M
YoY-95.8%
10Y CAGR-26.8%

Pvh Corporation reported $25.3M in net income in fiscal year 2026. This represents a decrease of 95.8% from the prior year.

EPS (Diluted)
$0.52
YoY-95.1%
10Y CAGR-22.8%

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

Free Cash Flow
$538.4M
YoY-7.5%
5Y CAGR+2.7%
10Y CAGR-1.7%

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.

Cash & Debt
$701.5M
YoY+267.3%
5Y CAGR-5.1%
10Y CAGR+6.7%

Pvh Corporation held $701.5M in cash against $2.3B in long-term debt as of fiscal year 2026.

Dividends Per Share
$0.15
YoY+0.0%
5Y CAGR+32.0%
10Y CAGR+14.9%

Pvh Corporation paid $0.15 per share in dividends in fiscal year 2026. This represents an increase of 0.0% from the prior year.

Shares Outstanding
46M
YoY-13.0%
5Y CAGR-8.4%
10Y CAGR-5.6%

Pvh Corporation had 46M shares outstanding in fiscal year 2026. This represents a decrease of 13.0% from the prior year.

Margins & Returns

Gross Margin
57.5%
YoY-1.9pp
5Y CAGR+4.6pp
10Y CAGR+5.6pp

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.

Operating Margin
2.6%
YoY-6.3pp
5Y CAGR+17.6pp
10Y CAGR-6.9pp

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.

Net Margin
0.3%
YoY-6.6pp
5Y CAGR+16.2pp
10Y CAGR-6.9pp

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.

Return on Equity
0.5%
YoY-12.4pp
5Y CAGR+24.0pp
10Y CAGR-11.2pp

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

R&D Spending
N/A
Share Buybacks
$577.7M
YoY+10.1%
5Y CAGR+37.6%
10Y CAGR+15.4%

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.

Capital Expenditures
$142.0M
YoY-10.5%
5Y CAGR-8.9%
10Y CAGR-6.0%

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 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Revenue N/A $2.3B+5.9% $2.2B+9.3% $2.0B-15.2% $2.3B+3.8% $2.3B+8.7% $2.1B+6.3% $2.0B
Cost of Revenue N/A $1.0B+9.3% $916.4M+11.5% $821.9M-10.8% $921.6M-1.8% $938.5M+13.3% $828.4M+10.0% $753.2M
Gross Profit N/A $1.3B+3.4% $1.3B+7.7% $1.2B-18.1% $1.4B+7.7% $1.3B+5.7% $1.2B+3.9% $1.2B
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A $1.1B-0.7% $1.1B+10.3% $1.0B-11.0% $1.2B-0.3% $1.2B+6.5% $1.1B+6.5% $1.0B
Operating Income N/A $180.8M+35.7% $133.2M+140.1% -$332.2M-144.4% $747.5M+308.2% $183.1M+5.3% $173.9M-15.2% $205.1M
Interest Expense N/A $23.2M-10.1% $25.8M+15.2% $22.4M+3.7% $21.6M-6.1% $23.0M+0.9% $22.8M-2.1% $23.3M
Income Tax N/A $156.1M+238.1% -$113.0M+62.9% -$304.8M-180.2% $380.1M+982.9% $35.1M+1196.9% -$3.2M-108.9% $36.0M
Net Income N/A $4.2M-98.1% $224.2M+600.4% -$44.8M-112.7% $353.4M+167.9% $131.9M-16.5% $158.0M+4.4% $151.4M
EPS (Diluted) N/A $0.09-98.1% $4.63+626.1% $-0.88 N/A $2.34-16.4% $2.80+8.1% $2.59

PVH Balance Sheet

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Total Assets $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+4.2% $10.8B
Current Assets $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+17.3% $2.9B
Cash & Equivalents $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+62.1% $376.2M
Inventory $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+17.5% $1.3B
Accounts Receivable $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+9.8% $810.4M
Goodwill $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+0.8% $2.3B
Total Liabilities $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+5.5% $5.7B
Current Liabilities $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+47.0% $1.9B
Long-Term Debt $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-22.3% $2.1B
Total Equity $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+2.6% $5.1B
Retained Earnings $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+2.8% $5.6B

PVH Cash Flow Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Operating Cash Flow $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+538.4% -$66.7M
Capital Expenditures $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-5.7% $38.8M
Free Cash Flow $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+342.5% -$105.5M
Investing Cash Flow -$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+25.2% -$41.2M
Financing Cash Flow -$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+87.0% -$221.9M
Dividends Paid N/A $3.6M N/A $3.9M N/A $4.3M N/A $4.3M
Share Buybacks $500K+150.0% $200K-95.8% $4.8M-99.2% $572.2M+133.9% $244.6M+602.9% $34.8M+10.8% $31.4M-85.3% $214.0M

PVH Financial Ratios

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Gross Margin N/A 56.4%-1.4pp 57.7%-0.8pp 58.6%-2.0pp 60.6%+2.2pp 58.4%-1.7pp 60.1%-1.3pp 61.4%
Operating Margin N/A 7.9%+1.7pp 6.2%+22.9pp -16.8%-48.7pp 31.9%+23.8pp 8.1%-0.3pp 8.4%-2.1pp 10.5%
Net Margin N/A 0.2%-10.2pp 10.3%+12.6pp -2.3%-17.4pp 15.1%+9.3pp 5.9%-1.8pp 7.6%-0.1pp 7.8%
Return on Equity N/A 0.1%-4.5pp 4.6%+5.6pp -1.0%-7.8pp 6.9%+4.4pp 2.5%-0.6pp 3.0%+0.1pp 3.0%
Return on Assets N/A 0.0%-1.9pp 1.9%+2.4pp -0.4%-3.6pp 3.2%+2.0pp 1.2%-0.2pp 1.4%0.0pp 1.4%
Current Ratio 1.52+0.1 1.47+0.1 1.37+0.3 1.11-0.2 1.27-0.0 1.29+0.1 1.24-0.3 1.55
Debt-to-Equity 0.48+0.0 0.460.0 0.46+0.1 0.37+0.1 0.310.0 0.310.0 0.32-0.1 0.42
FCF Margin N/A -3.7%-12.1pp 8.4%+13.3pp -5.0%-23.9pp 18.9%+19.4pp -0.5%-12.8pp 12.3%+17.7pp -5.4%

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Frequently Asked Questions

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.

Pvh Corporation (PVH) revenue grew by 3.4% year-over-year, from $8.7B to $9.0B in fiscal year 2026.

Yes, Pvh Corporation (PVH) reported a net income of $25.3M in fiscal year 2026, with a net profit margin of 0.3%.

Pvh Corporation (PVH) reported diluted earnings per share of $0.52 for fiscal year 2026. This represents a -95.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Pvh Corporation (PVH) had EBITDA of $502.9M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, Pvh Corporation (PVH) had $701.5M in cash and equivalents against $2.3B in long-term debt.

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.

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.

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.

Yes, Pvh Corporation (PVH) paid $0.15 per share in dividends during fiscal year 2026.

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.

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.

Pvh Corporation (PVH) generated $680.4M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Pvh Corporation (PVH) had $11.7B in total assets as of fiscal year 2026, including both current and long-term assets.

Pvh Corporation (PVH) invested $142.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Yes, Pvh Corporation (PVH) spent $577.7M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Pvh Corporation (PVH) had 46M shares outstanding as of fiscal year 2026.

Pvh Corporation (PVH) had a current ratio of 1.52 as of fiscal year 2026, which is generally considered healthy.

Pvh Corporation (PVH) had a debt-to-equity ratio of 0.48 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

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.

Pvh Corporation (PVH) has an Altman Z-Score of 2.06, 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.

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.

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.

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.

Pvh Corporation (PVH) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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