A Business at a Glance
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PVH CORP. /DE/
PVH
$3.9B
Mkt Cap
$80.41
+3.35%
PVH CORP. /DE/ (PVH) has a current P/E ratio of 12.3, compared to its historical median P/E of 12.9. The stock is currently considered Fair based on its historical valuation range.
PVH CORP. /DE/ (PVH) has a 5-year average return on invested capital (ROIC) of 8.9%. This is below average and may indicate limited pricing power.
PVH CORP. /DE/ (PVH) has a market capitalization of $3.7B. It is classified as a mid-cap stock.
Yes, PVH CORP. /DE/ (PVH) pays a dividend with a trailing twelve-month yield of 0.21%. The company also returns capital through share buybacks, with a buyback yield of 22.31%.
Based on historical P/E analysis, PVH CORP. /DE/ (PVH) appears fair. The current P/E of 12.3 is 5% below its historical median of 12.9. The estimated fair value CAGR (P/E method) is 4.0%.
PVH CORP. /DE/ (PVH) operates in the Men'S & Boys' Furnishgs, Work Clothg, & Allied Garments industry, within the Consumer Cyclical sector.
PVH CORP. /DE/ (PVH) reported annual revenue of $9.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
PVH Corp. is one of the world's largest global apparel companies, with approximately 28,000 associates operating in more than 40 countries, generating $8.7 billion in revenues in fiscal 2024. The company's business is anchored by two iconic global lifestyle brands—TOMMY HILFIGER and Calvin Klein—which together account for over 90% of revenue and are positioned across multiple price points and distribution channels including wholesale, direct-to-consumer retail stores (principally in premium outlet centers), and digital commerce. PVH designs, markets, and sells branded sportswear, jeanswear, performance apparel, intimate apparel, underwear, swimwear, dress shirts, handbags, accessories, and footwear, with a business model that combines owned-brand operations with selective licensing of trademarks to third parties and joint ventures in product categories and regions where licensees' expertise can better serve the brands. The company's geographic footprint spans North America, Europe, and Asia-Pacific, with directly operated wholesale and retail operations supplemented by a significant licensing business that generates revenue from the worldwide licensing of TOMMY HILFIGER and Calvin Klein trademarks across a broad array of product categories. PVH's competitive moat derives from the global recognition and heritage of its two iconic brands, their multi-channel distribution capability, and the company's ability to operate across diverse price points and consumer segments, reducing reliance on any single channel, region, or price point.
【Brand momentum and margin resilience】 Management is executing a multi-year strategy to build Calvin Klein and Tommy Hilfiger into their full potential through targeted product innovation in core categories, elevated full-funnel marketing campaigns, and enhanced consumer experiences across digital, retail, and shop-in-shop channels. The company expects to drive growth in direct-to-consumer across both brands and all three regions, with particular momentum in Asia-Pacific and the Americas, while maintaining operating margin discipline despite significant tariff headwinds through planned mitigation actions and operational efficiencies. Marketing investments are being increased by over 50 basis points as a percentage of sales to amplify brand visibility and consumer engagement, and the company continues to optimize inventory levels and improve on-time deliveries to support gross margin expansion. Capital allocation remains disciplined, with planned capital spending of approximately $250 million for store and shop-in-shop renovations and e-commerce investments, while returning at least $300 million to shareholders through share repurchases.
| Metric | Target | Period |
|---|---|---|
| Revenue | flat to up slightly in constant currency | FY2026 |
| Operating margin | approximately 8.8% | FY2026 |
| EPS | $11.80-$12.10 | FY2026 |
| Capital spending | approximately $250 million | FY2026 |
| Share repurchases | at least $300 million | FY2026 |
Revenue (FY2026): “For fiscal 2026, we expect to grow total revenue slightly on a reported basis and be flat to up slightly in constant currency with planned growth in direct-to-consumer across both brands and all three regions.”
Operating margin (FY2026): “We expect our non-GAAP operating margins to hold steady at 8.8% or 11% excluding the gross impact from tariffs.”
EPS (FY2026): “We are projecting earnings per share in a range of $11.80-$12.10 compared to $11.40 in 2025.”
Capital spending (FY2026): “With respect to capital investment, we continue to project capital spending of approximately $250 million this year as we invest globally in e-commerce as well as store and shop-in-shop renovations.”
Share repurchases (FY2026): “Our expectation to repurchase at least $300 million of our shares for the full year remains unchanged.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2027 Earnings Call, Q3 FY2027 Earnings Call, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 8.8B | 9.0B | 8.7B | 9.2B | 9.0B | 9.2B |
| Net Income | 341M | 25M | 599M | 664M | 200M | 952M |
| EPS | $5.48 | $0.52 | $10.56 | $10.76 | $3.03 | $13.25 |
| Free Cash Flow | 442M | 538M | 582M | 725M | -251M | 803M |
| ROIC | 8.1% | 2.2% | 10.5% | 11.0% | 4.3% | 16.2% |
| Gross Margin | 57.7% | 57.5% | 59.4% | 58.2% | 56.8% | 58.2% |
| Debt/Equity | 0.46 | 0.48 | 0.41 | 0.42 | 0.47 | 0.45 |
| Dividends/Share | $0.17 | $0.15 | $0.15 | $0.15 | $0.15 | $0.04 |
| Operating Income | 192M | 231M | 772M | 929M | 471M | 1.1B |
| Operating Margin | 2.2% | 2.6% | 8.9% | 10.1% | 5.2% | 11.8% |
| ROE | 7.0% | 0.5% | 11.7% | 13.1% | 3.9% | 19.0% |
| Shares Outstanding | 46M | 49M | 57M | 62M | 66M | 72M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 8.2B | 8.0B | 8.2B | 8.9B | 9.7B | 9.9B | 7.1B | 9.2B | 9.0B | 9.2B | 8.7B | 9.0B | 8.8B |
| Gross Margin | 52.5% | 51.9% | 53.3% | 54.9% | 55.0% | 54.4% | 53.0% | 58.2% | 56.8% | 58.2% | 59.4% | 57.5% | 57.7% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 3.7B | 3.4B | 3.7B | 4.2B | 4.4B | 4.7B | 4.0B | 4.5B | 4.4B | 4.5B | 4.4B | 4.5B | 4.4B |
| EBIT | 530M | 761M | 789M | 632M | 892M | 559M | -1.1B | 1.1B | 471M | 929M | 772M | 231M | 192M |
| Op. Margin | 6.4% | 9.5% | 9.6% | 7.1% | 9.2% | 5.6% | -15.0% | 11.8% | 5.2% | 10.1% | 8.9% | 2.6% | 2.2% |
| Net Income | 439M | 572M | 549M | 538M | 746M | 417M | -1.1B | 952M | 200M | 664M | 599M | 25M | 341M |
| Net Margin | 5.3% | 7.1% | 6.7% | 6.0% | 7.7% | 4.2% | -15.9% | 10.4% | 2.2% | 7.2% | 6.9% | 0.3% | 3.9% |
| Non-Recurring | 12M | 0 | 0 | 7.5M | 18M | 110M | 879M | 0 | 417M | 0 | 0 | 426M | 426M |
| Returns on Capital | |||||||||||||
| ROIC | 7.0% | 9.3% | 9.0% | 8.2% | 10.5% | 6.4% | -13.6% | 16.2% | 4.3% | 11.0% | 10.5% | 2.2% | 8.1% |
| ROE | 10.1% | 12.8% | 11.7% | 10.4% | 13.1% | 7.2% | -21.6% | 19.0% | 3.9% | 13.1% | 11.7% | 0.5% | 7.0% |
| ROA | 4.0% | 5.3% | 5.1% | 4.7% | 6.3% | 3.3% | -8.4% | 7.4% | 1.7% | 5.8% | 5.4% | 0.2% | 3.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 789M | 905M | 903M | 644M | 853M | 1.0B | 698M | 1.1B | 39M | 969M | 741M | 680M | 584M |
| Free Cash Flow | 533M | 641M | 656M | 286M | 473M | 675M | 471M | 803M | -251M | 725M | 582M | 538M | 442M |
| Owner Earnings | 496M | 606M | 543M | 274M | 462M | 640M | 321M | 711M | -309M | 619M | 405M | 364M | 255M |
| CapEx | 256M | 264M | 247M | 358M | 380M | 345M | 227M | 268M | 290M | 245M | 159M | 142M | 142M |
| Maint. CapEx | 245M | 257M | 322M | 325M | 335M | 324M | 326M | 313M | 302M | 299M | 282M | 272M | 276M |
| Growth CapEx | 11M | 6.4M | 0 | 33M | 45M | 21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 245M | 257M | 322M | 325M | 335M | 324M | 326M | 313M | 302M | 299M | 282M | 272M | 276M |
| CapEx/OCF | 32.4% | 29.3% | 25.8% | 55.6% | 44.5% | 33.8% | 32.5% | 25.0% | 740.1% | 25.2% | 21.4% | N/A | 24.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 13M | 13M | 12M | 12M | 12M | 11M | 2.7M | 2.7M | 10M | 9.4M | 8.6M | 7.5M | 7.9M |
| Dividend Yield | 0.1% | 0.2% | 0.2% | 0.1% | 0.1% | 0.2% | 0.1% | 0.0% | 0.2% | 0.2% | 0.1% | N/A | 0.2% |
| Share Buybacks | 11M | 138M | 322M | 259M | 325M | 345M | 117M | 361M | 419M | 570M | 525M | 578M | 822M |
| Buyback Yield | 0.1% | 2.1% | 4.4% | 2.3% | 3.7% | 6.3% | 1.7% | 5.2% | 7.9% | 6.8% | 12.4% | 0.0% | 22.3% |
| Stock-Based Comp | 49M | 42M | 38M | 45M | 56M | 56M | 51M | 47M | 47M | 52M | 54M | 44M | 52M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 3.1B | 2.6B | 2.5B | 2.6B | 2.4B | 2.3B | 1.9B | 1.1B | 1.8B | 1.5B | 1.3B | 1.6B | 1.9B |
| Cash & Equiv. | 479M | 556M | 730M | 494M | 452M | 503M | 1.7B | 1.2B | 551M | 708M | 748M | 702M | 316M |
| Long-Term Debt | 3.4B | 3.0B | 3.2B | 3.1B | 2.8B | 2.7B | 3.5B | 2.3B | 2.2B | 1.6B | 1.6B | 2.3B | 2.2B |
| Debt/Equity | 0.81 | 0.70 | 0.67 | 0.56 | 0.49 | 0.47 | 0.75 | 0.45 | 0.47 | 0.42 | 0.41 | 0.48 | 0.46 |
| Interest Coverage | 3.7 | 6.5 | 6.5 | 4.9 | 7.4 | 4.7 | -8.5 | 9.9 | 5.3 | 9.4 | 8.6 | 2.4 | 2.1 |
| Equity | 4.4B | 4.6B | 4.8B | 5.5B | 5.8B | 5.8B | 4.7B | 5.3B | 5.0B | 5.1B | 5.1B | 4.8B | 4.9B |
| Total Assets | 10.8B | 10.7B | 11.1B | 11.9B | 11.9B | 13.6B | 13.3B | 12.4B | 11.8B | 11.2B | 11.0B | 11.7B | 11.4B |
| Total Liabilities | 6.4B | 6.1B | 6.3B | 6.3B | 6.0B | 7.8B | 8.6B | 7.1B | 6.8B | 6.1B | 5.9B | 6.9B | 798M |
| Intangibles | 3.8B | 3.6B | 3.6B | 3.7B | 3.6B | 3.5B | 3.5B | 3.3B | 3.2B | 3.1B | 3.0B | 3.1B | 404M |
| Retained Earnings | 2.0B | 2.6B | 3.1B | 3.6B | 4.4B | 4.8B | 3.6B | 4.6B | 4.8B | 5.4B | 6.0B | 6.0B | 6.2B |
| Working Capital | 1.4B | 1.3B | 1.3B | 1.2B | 1.3B | 1.0B | 1.4B | 866M | 813M | 488M | 746M | 1.2B | 1.0B |
| Current Assets | 2.8B | 2.8B | 2.9B | 3.0B | 3.2B | 3.4B | 3.9B | 3.7B | 3.6B | 3.3B | 3.5B | 3.6B | 3.3B |
| Current Liabilities | 1.4B | 1.5B | 1.6B | 1.9B | 1.9B | 2.4B | 2.6B | 2.8B | 2.8B | 2.8B | 2.7B | 2.4B | 2.2B |
| Per Share Data | |||||||||||||
| EPS | 5.27 | 6.89 | 6.79 | 6.84 | 9.65 | 5.60 | -15.96 | 13.25 | 3.03 | 10.76 | 10.56 | 0.52 | 5.48 |
| Owner EPS | 5.95 | 7.29 | 6.71 | 3.49 | 5.97 | 8.59 | 4.52 | 9.89 | -4.67 | 10.04 | 7.14 | 7.48 | 5.58 |
| Book Value | 52.39 | 54.80 | 59.42 | 70.41 | 75.35 | 77.99 | 66.45 | 73.59 | 75.79 | 83.00 | 90.70 | 98.50 | 106.52 |
| Cash Flow/Share | 9.47 | 10.89 | 11.16 | 8.19 | 11.02 | 13.69 | 9.80 | 14.90 | 0.59 | 15.72 | 13.07 | 13.98 | 13.48 |
| Dividends/Share | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.04 | 0.04 | 0.15 | 0.15 | 0.15 | 0.15 | 0.17 |
| Shares Out. | 83.3M | 83.1M | 80.9M | 78.6M | 77.3M | 74.5M | 71.2M | 71.9M | 66.1M | 61.7M | 56.7M | 48.7M | 45.8M |
| Valuation | |||||||||||||
| P/E Ratio | 19.9 | 11.4 | 13.3 | 20.9 | 11.8 | 13.1 | N/A | 7.3 | 26.3 | 12.7 | 7.1 | N/A | 14.7 |
| P/FCF | 16.4 | 10.2 | 11.1 | 39.2 | 18.6 | 8.1 | 15.0 | 8.7 | N/A | 11.6 | 7.3 | N/A | 8.3 |
| EV/EBIT | 21.4 | 11.3 | 11.5 | 21.0 | 12.0 | 12.9 | N/A | 6.4 | 13.8 | 9.9 | 6.3 | N/A | 29.3 |
| Price/Book | 2.0 | 1.4 | 1.5 | 2.0 | 1.5 | 0.9 | 1.5 | 1.3 | 1.1 | 1.6 | 0.8 | N/A | 0.8 |
| Price/Sales | 1.2 | 1.0 | 1.0 | 1.1 | 1.1 | 0.7 | 0.6 | 0.8 | 0.5 | 0.6 | 0.7 | N/A | 0.4 |
| FCF Yield | 6.1% | 9.8% | 9.0% | 2.6% | 5.4% | 12.3% | 6.7% | 11.5% | -4.8% | 8.6% | 13.8% | N/A | 12.0% |
| Market Cap | 8.7B | 6.5B | 7.3B | 11.2B | 8.8B | 5.5B | 7.1B | 7.0B | 5.3B | 8.4B | 4.2B | 0 | 3.7B |
| Avg. Price | 117.29 | 97.25 | 96.92 | 119.51 | 133.77 | 96.15 | 63.49 | 106.16 | 67.25 | 90.62 | 104.60 | 0.00 | 80.41 |
| Year-End Price | 104.86 | 78.57 | 90.46 | 142.65 | 113.68 | 73.45 | 99.19 | 97.16 | 79.83 | 136.50 | 74.70 | 0.00 | 80.41 |
PVH CORP. /DE/ passes 3 of 9 quality checks, indicating weak fundamentals.
PVH CORP. /DE/ trades at 12.3x trailing earnings, compared to its 15-year median P/E of 12.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 8.3x vs a median of 11.4x. The company's 5-year average ROIC is 8.9% with a gross margin of 58.0%. Total shareholder yield (dividends + buybacks) is 22.5%. At current prices, the estimated annualized return to fair value is +8.9%.
PVH CORP. /DE/ (PVH) has a net profit margin of 0.3%. This is a modest margin.
PVH CORP. /DE/ (PVH) generated $538 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PVH CORP. /DE/ (PVH) has a debt-to-equity ratio of 0.48. This indicates a conservatively financed balance sheet.
PVH CORP. /DE/ (PVH) reported earnings per share (EPS) of $0.52 in its most recent fiscal year.
PVH CORP. /DE/ (PVH) has a return on equity (ROE) of 0.5%. This indicates moderate shareholder returns.
PVH CORP. /DE/ (PVH) has a 5-year average gross margin of 58.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for PVH CORP. /DE/ (PVH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PVH CORP. /DE/ (PVH) has a book value per share of $98.50, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is executing a multi-year strategy to build Calvin Klein and Tommy Hilfiger into their full potential through targeted product innovation in core categories, elevated full-funnel marketing campaigns, and enhanced consumer experiences across digital, retail, and shop-in-shop channels. The company expects to drive growth in direct-to-consumer across both brands and all three regions, with particular momentum in Asia-Pacific and the Americas, while maintaining operating margin discipline despite significant tariff headwinds through planned mitigation actions and operational efficiencies. Marketing investments are being increased by over 50 basis points as a percentage of sales to amplify brand visibility and consumer engagement, and the company continues to optimize inventory levels and improve on-time deliveries to support gross margin expansion. Capital allocation remains disciplined, with planned capital spending of approximately $250 million for store and shop-in-shop renovations and e-commerce investments, while returning at least $300 million to shareholders through share repurchases.
Based on recent SEC filings and earnings calls, PVH CORP. /DE/ (PVH) has provided the following forward guidance: Revenue: flat to up slightly in constant currency (FY2026); Operating margin: approximately 8.8% (FY2026); EPS: $11.80-$12.10 (FY2026); Capital spending: approximately $250 million (FY2026); Share repurchases: at least $300 million (FY2026).
No recent press releases.