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PVH Corp. (PVH) stock

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NYSE: PVH NYSE Apparel, Accessories & Luxury Goods Next results ~December 2, 2026

C+ Fundamentals grade

PVH Corp. is a US-listed company in the apparel, accessories & luxury goods industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$220

Cash-flow model

Base case. Range ~$160–$310 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 140% above it.

Price used: $92.92, November 2, 2026

PVH Corp. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 1 selling1 purchase and 3 sales by directors and officers, last 12 monthsInsider trades
  • Funds184 adding, 180 cuttingOf 59 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter PVH files

Where PVH stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $8.92bn, up 1.6% on a year earlier, slower than 3.5% a quarter earlier. That puts it 778 of 931 for growth among all the companies we cover. Free-cash-flow margin rose to 8.0% from 5.9% a year earlier. The diluted share count is down 11.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 6 financial-health checks. Our cash-flow model value is $199 a share, against a share price of $85.13. At that price, our model says the market is pricing in cash flow shrinking about 9.8% a year for five years, slower than the -0.5% a year revenue growth it has delivered.

Source: 10-Q filed September 2, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 2, 2026 (estimated)

PVH Corp.'s trailing-twelve-month revenue grew 1.6% year on year, with a free-cash-flow margin of 8.0%. Where it stands out: change in share count of -11.6% ranks 1 of 25 apparel, accessories & luxury goods companies we cover. Where it lags: change in growth rate of -1.9pp ranks 24 of 29 apparel, accessories & luxury goods companies we cover.

Our discounted-cash-flow model values the business at ~$220 per share in the base case (~$160–$310 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 20% in the quarter to 2026-07-31, the 4th beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $92.92 is 140% below our value per share of $220.
  • Shrinking share count. Diluted shares fell 11.6% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 47% and a beta of 1.1 against the S&P 500.
  • Below peers: change in growth rate. Change in growth rate of -1.9pp ranks 24 of 29 apparel, accessories & luxury goods companies we cover (median +0.0pp).
  • Below peers: net margin. Net margin of -1.9% ranks 22 of 29 apparel, accessories & luxury goods companies we cover (median 3.9%).
  • Heavily shorted. 13.4% of the shares available to trade are sold short (5.1 days of average volume to cover).

Latest results: FY2027 Q2

Filed September 2, 2026
Earnings per share
$3.70 against an average estimate of $3.08: beat by 20.3%
Revenue
$2.10bn, down 3.2% on a year earlier
Share reaction
-0.5% in the first session after the results on September 2, 2026, against +1.5% for the S&P 500
Guidance given
operating margin 8.8% (Full Year 2026); EPS $11.8 to $12.1 (Full Year 2026)
Next report
December 2, 2026; average EPS estimate $2.63

PVH's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.0%
  • 1 week+7.4%
  • 1 month+23.0%
  • This year+38.9%
  • 1 year+18.9%
  • 5 years-20.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$8.9B
Operating margin
4.1%
Net margin
-1.9%
EPS (TTM, diluted)
$-3.62

Growth

Revenue growth
+1.6%
Change in growth rate
−1.9 pts
Share count change
−11.6%

Cash

Free cash flow (TTM)
$715M
FCF margin
8.0%
Stock pay % of revenue
0.5%

Earnings

Last results
September 2, 2026
Next results (est.)
December 2, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Insider trade
  4. Results
  5. Guidance
  6. Announcement
  7. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

PVH Corp. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 10.7% a year for five years.That is slower than the -0.5% a year revenue growth PVH has delivered.

  • Priced in-10.7%
  • Last 12 months1.6%
  • 3 years a year-0.8%
  • 5 years a year-0.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($92.80, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$220
Price used
$92.80close November 3, 2026
Implied change
▲ +140%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of PVH Corp.'s free cash flow after stock-based pay with after-tax interest added back ($704M, FY2027 Q2 TTM), growing 1.1% and 1.9% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$160–~$310 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of PVH Corp.'s free cash flow after stock-based pay ( $704M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value PVH Corp. as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.04 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$220 ~$160–$310 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$180 ~$160–$240 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$87 ~$58–$130 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$84 ~$73–$99 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$160 ~$84–$220 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare PVH Corp. with Apparel, Accessories & Luxury Goods in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −28%
  • Revenue growth 5 points higher ▲ +37%
  • Free-cash-flow margin 1 point lower ▼ −13%
  • Last year's free-cash-flow margin change, if it persists ▲ +37%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $193$271$376$513$693$925
8.5% $141$198$273$372$499$664
10% $110$154$212$287$384$509

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$72.21$89.00$149.11$107.46$86.27$84.48$92.21$87.36$120.81$89.30$62.27$92.92
Market value$6.0bn$7.2bn$11.7bn$8.3bn$6.4bn$6.0bn$6.6bn$5.8bn$7.5bn$5.1bn$3.0bn$4.3bn
+ Net debt (− = net cash)−$556m−$730m−$494m−$452m−$503m−$1.7bn−$1.2bn−$551m−$708m−$748m−$702m$1.3bn
Enterprise value$5.4bn$6.5bn$11.2bn$7.9bn$5.9bn$4.4bn$5.4bn$5.2bn$6.7bn$4.3bn$2.3bn$5.6bn
Multiples
Price / sales 0.7x0.9x1.3x0.9x0.6x0.8x0.7x0.6x0.8x0.6x0.3x0.5x
Price / earnings 10.5x13.1x21.8x11.1x15.4x—7.0x28.9x11.2x8.5x119.4x—
Price / free cash flow 9.4x11.0x41.0x17.6x9.5x12.8x8.3x—10.3x8.7x5.6x6.1x
EV / EBITDA 5.3x5.8x11.7x6.4x6.7x—3.9x6.8x5.5x4.1x4.6x9.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

52 /100

Moderate moat

How hard PVH's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 5 / 20

    Cash operating profit has been a median 5.4% of total assets over 10 years.

  • Pricing power 19 / 20

    Gross margin has been a median 56.2%, moving by 2.0 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 7.5%; its worst year was -12.9%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 5.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 34.9% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (57 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 2, 2026, after the close. Analysts expect revenue of $2.3bn and EPS of $2.63 (range $2.56 to $2.74) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $12.07 +6% $8.9bn −1%
Next $12.50 +4% $9.1bn +2%

Next year's EPS estimate has moved 0.0% in 90 days, across 12 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.3% on 90 days ago. In the last 30 days, 7 analysts raised PVH Corp.'s forecast and 2 cut it.

Consensus EPS forecast PVH Corp., last 90 days
$12.00 $12.20 $12.40 $12.60 $12.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $12.03 Current fiscal year, 60 days ago: $12.02 Current fiscal year, 30 days ago: $12.09 Current fiscal year, 7 days ago: $12.07 Current fiscal year, Now: $12.07 $12.07 Next fiscal year, 90 days ago: $12.50 Next fiscal year, 60 days ago: $12.63 Next fiscal year, 30 days ago: $12.49 Next fiscal year, 7 days ago: $12.51 Next fiscal year, Now: $12.50 $12.50

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $12.03$12.50
60 days ago $12.02$12.63
30 days ago $12.09$12.49
7 days ago $12.07$12.51
Now $12.07$12.50

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $3.08 $3.70 +20.3%
Apr 2026 $1.82 $2.01 +10.5%
Jan 2026 $3.30 $3.82 +15.7%
Oct 2025 $2.54 $2.83 +11.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 2, 2026
  • EPS Full Year 2026 $11.80 to $12.10 Non-GAAP Maintained
    “EPS: Reaffirming outlook in a range of $11.80 to $12.10 on a non-GAAP basis compared to $11.40 on a non-GAAP basis in the prior year.” source
  • EPS Third Quarter 2026 $2.50 to $2.65 Non-GAAP
    “EPS: Projected to be in a range of $2.50 to $2.65 on a non-GAAP basis compared to $2.83 on a non-GAAP basis in the prior year period.” source
  • Operating margin Full Year 2026 about 8.8% Non-GAAP Maintained
    “Operating margin: Reaffirming outlook of approximately 8.8% on a non-GAAP basis, flat compared to 8.8% in the prior year.” source
  • Operating margin Third Quarter 2026 about 7.5% Non-GAAP
    “Operating margin: Projected to be approximately 7.5% on a non-GAAP basis, compared to 8.8% on a non-GAAP basis in the prior year period.” source
  • Net interest expense Full Year 2026 about $70m
    “Net interest expense is projected to be approximately $70 million compared to $79 million in the prior year period.” source
  • Effective tax rate Full Year 2026 22% to 23% Non-GAAP
    “Effective tax rate is projected to be in a range of 22% to 23% on a non-GAAP basis compared to 22.2% on a non-GAAP basis in the prior year period.” source
Show 2 more items
  • Net interest expense Third Quarter 2026 about $18m
    “Net interest expense is projected to decrease to approximately $18 million compared to $21 million in the prior year period.” source
  • Effective tax rate Third Quarter 2026 about 22% Non-GAAP
    “Effective tax rate is projected to be approximately 22.0% on a non-GAAP basis compared to 25.5% on a non-GAAP basis in the prior year period.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows PVH Corp.'s revenue by +1.1% next year and +1.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+0.7%, weight 68%) and the company's own record (+2.0%, weight 32%) . How the weights are set.

Analyst recommendations

12 analysts, Oct 2026
Buy650%
Hold433%
Sell217%

Monthly trend

  1. Oct 2026244212
  2. Sep 2026155213
  3. Aug 2026245213
  4. Jul 2026246113

Counts of recommendations published by analysts covering PVH Corp., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
13.4%
of tradable shares
Days to cover
5.09
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.1%
of shares
Employees
15,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +18.9%

$78.18 on October 31, 2025 to $92.92

ThenNowEffect
Revenue (last 12 months) $8.8bn $8.9bn +1.6%
P/S multiple 0.5x 0.5x +3.3%
Share count 53m 47m +13.2%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

Last 3 years +21.0%

$76.80 on November 3, 2023 to $92.92

ThenNowEffect
Revenue (last 12 months) $9.1bn $8.9bn −2.3%
P/S multiple 0.5x 0.5x −9.3%
Share count 64m 47m +36.6%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PVH+14%−34%+73%−13%−37%+39%
Industry peers (median)+19%−37%+0%−6%−9%+12%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PVH50%42%50%42%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PVH−24%−60%−25%−34%−44%−31%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 83% from June 8, 2018 to March 23, 2020. Getting back needed a 477% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$60.81 – $98.72
From 52-week high
−5.9%
vs 50-day average
+18.9%
vs 200-day average
+19.6%
Volatility (1 year)
47%
Beta vs S&P 500
1.06

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±9.8%
After a week
4 up, 8 down
typical move ±11.3%
After a month
4 up, 8 down
typical move ±13.2%
Results releasedNext dayS&P 500 next day5 days21 days
September 2, 2026 −0.5% +1.5% −4.8% +3.7%
June 3, 2026 −19.6% −0.3% −19.4% −20.9%
March 31, 2026 +15.0% +3.7% +31.5% +37.4%
December 3, 2025 −8.9% +0.4% −10.9% −19.3%
November 18, 2025 −4.2% −0.5% +7.8% −6.6%
August 26, 2025 +0.2% +0.6% +4.6% +5.1%
June 4, 2025 −19.6% −0.5% −20.2% −11.5%
March 31, 2025 +18.1% +1.0% +2.0% +6.6%
December 4, 2024 −2.4% +0.5% −1.6% −3.4%
August 27, 2024 −5.7% −0.4% −6.8% −5.9%
June 4, 2024 +1.1% +1.3% −3.8% −15.3%
April 1, 2024 −22.7% −0.8% −22.2% −22.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How PVH Corp.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.36× the last 60 days’ realised volatility .
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

PVH Corp. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) PVH Corp.
$8.6B $8.8B $9B $9.2B $9.4B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $9.2B Revenue (TTM), FY24 Q4: $9.2B Revenue (TTM), FY25 Q1: $9B Revenue (TTM), FY25 Q2: $8.9B Revenue (TTM), FY25 Q3: $8.8B Revenue (TTM), FY25 Q4: $8.7B Revenue (TTM), FY26 Q1: $8.7B Revenue (TTM), FY26 Q2: $8.8B Revenue (TTM), FY26 Q3: $8.8B Revenue (TTM), FY26 Q4: $9B Revenue (TTM), FY27 Q1: $9B Revenue (TTM), FY27 Q2: $8.9B $8.9B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $9.2B
FY24 Q4 $9.2B
FY25 Q1 $9B
FY25 Q2 $8.9B
FY25 Q3 $8.8B
FY25 Q4 $8.7B
FY26 Q1 $8.7B
FY26 Q2 $8.8B
FY26 Q3 $8.8B
FY26 Q4 $9B
FY27 Q1 $9B
FY27 Q2 $8.9B
Revenue growth, TTM YoY PVH Corp.
-10% -5% 0% 5% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 2.8% Revenue growth, TTM YoY, FY24 Q4: 2.1% Revenue growth, TTM YoY, FY25 Q1: -0.5% Revenue growth, TTM YoY, FY25 Q2: -2.8% Revenue growth, TTM YoY, FY25 Q3: -4.8% Revenue growth, TTM YoY, FY25 Q4: -6.1% Revenue growth, TTM YoY, FY26 Q1: -3.6% Revenue growth, TTM YoY, FY26 Q2: -1.1% Revenue growth, TTM YoY, FY26 Q3: 0.5% Revenue growth, TTM YoY, FY26 Q4: 3.4% Revenue growth, TTM YoY, FY27 Q1: 3.5% Revenue growth, TTM YoY, FY27 Q2: 1.6% 1.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 2.8%
FY24 Q4 2.1%
FY25 Q1 -0.5%
FY25 Q2 -2.8%
FY25 Q3 -4.8%
FY25 Q4 -6.1%
FY26 Q1 -3.6%
FY26 Q2 -1.1%
FY26 Q3 0.5%
FY26 Q4 3.4%
FY27 Q1 3.5%
FY27 Q2 1.6%
Operating margin (TTM) PVH Corp.
0% 5% 10% 15% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 9.4% Operating margin (TTM), FY24 Q4: 10.1% Operating margin (TTM), FY25 Q1: 10.4% Operating margin (TTM), FY25 Q2: 10.9% Operating margin (TTM), FY25 Q3: 10.5% Operating margin (TTM), FY25 Q4: 8.9% Operating margin (TTM), FY26 Q1: 2.7% Operating margin (TTM), FY26 Q2: 2.2% Operating margin (TTM), FY26 Q3: 2.2% Operating margin (TTM), FY26 Q4: 2.6% Operating margin (TTM), FY27 Q1: 7.6% Operating margin (TTM), FY27 Q2: 4.1% 4.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 9.4%
FY24 Q4 10.1%
FY25 Q1 10.4%
FY25 Q2 10.9%
FY25 Q3 10.5%
FY25 Q4 8.9%
FY26 Q1 2.7%
FY26 Q2 2.2%
FY26 Q3 2.2%
FY26 Q4 2.6%
FY27 Q1 7.6%
FY27 Q2 4.1%
FCF margin (TTM) PVH Corp.
2% 4% 6% 8% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 4.0% FCF margin (TTM), FY24 Q4: 7.9% FCF margin (TTM), FY25 Q1: 8.4% FCF margin (TTM), FY25 Q2: 9.0% FCF margin (TTM), FY25 Q3: 8.2% FCF margin (TTM), FY25 Q4: 6.7% FCF margin (TTM), FY26 Q1: 6.8% FCF margin (TTM), FY26 Q2: 5.9% FCF margin (TTM), FY26 Q3: 5.0% FCF margin (TTM), FY26 Q4: 6.0% FCF margin (TTM), FY27 Q1: 6.1% FCF margin (TTM), FY27 Q2: 8.0% 8.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 4.0%
FY24 Q4 7.9%
FY25 Q1 8.4%
FY25 Q2 9.0%
FY25 Q3 8.2%
FY25 Q4 6.7%
FY26 Q1 6.8%
FY26 Q2 5.9%
FY26 Q3 5.0%
FY26 Q4 6.0%
FY27 Q1 6.1%
FY27 Q2 8.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jan 2010 2011 Jan 2011 2012 Jan 2012 2013 Feb 2013 2014 Feb 2014 2015 Feb 2015 2016 Jan 2016 2017 Jan 2017 2018 Feb 2018 2019 Feb 2019 2020 Feb 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Feb 2024 2025 Feb 2025 2026 Feb 2026 LTM Aug 2026
Income
Revenue 2,399 4,637 5,891 6,043 8,186 8,241 8,020 8,203 8,915 9,657 9,909 7,133 9,155 9,024 9,218 8,653 8,950 8,922
Gross profit 1,183 2,422 3,056 3,249 4,219 4,327 4,162 4,370 4,894 5,308 5,388 3,777 5,324 5,123 5,363 5,143 5,149 5,244
EBITDA — — — — 827 775 1,018 1,111 957 1,227 883 −746 1,390 772 1,227 1,055 503 619
Operating income — — — — 513 530 761 789 632 892 559 −1,072 1,077 471 929 772 231 363
Net income 162 54 276 434 144 439 572 549 538 746 417 −1,136 952 200 664 599 25 −169
Diluted EPS $3.08 $0.81 $3.78 $5.87 $1.74 $5.27 $6.89 $6.79 $6.84 $9.65 $5.60 −$15.96 $13.25 $3.03 $10.76 $10.56 $0.52 −$3.62
Growth (year on year)
Revenue −3.7% +93.3% +27.0% +2.6% +35.5% +0.7% −2.7% +2.3% +8.7% +8.3% +2.6% −28.0% +28.4% −1.4% +2.1% −6.1% +3.4% +1.6%
EBITDA — — — — — −6.3% +31.4% +9.1% −13.8% +28.1% −28.0% −184.5% — −44.5% +58.9% −14.1% −52.3% +31.4%
Operating income — — — — — +3.2% +43.5% +3.8% −19.9% +41.0% −37.3% −291.8% — −56.3% +97.3% −16.8% −70.1% +86.8%
Net income +76.4% −66.4% — +57.3% −66.9% — +30.4% −4.1% −2.0% +38.8% −44.1% −372.3% — −79.0% +231.1% −9.8% −95.8% −136.1%
Diluted EPS +75.0% −73.7% — +55.3% −70.4% — +30.7% −1.5% +0.7% +41.1% −42.0% −385.0% — −77.1% +255.1% −1.9% −95.1% −140.8%
Margins
Gross margin 49.3% 52.2% 51.9% 53.8% 51.5% 52.5% 51.9% 53.3% 54.9% 55.0% 54.4% 53.0% 58.2% 56.8% 58.2% 59.4% 57.5% 58.8%
EBITDA margin — — — — 10.1% 9.4% 12.7% 13.5% 10.7% 12.7% 8.9% −10.5% 15.2% 8.6% 13.3% 12.2% 5.6% 6.9%
Operating margin — — — — 6.3% 6.4% 9.5% 9.6% 7.1% 9.2% 5.6% −15.0% 11.8% 5.2% 10.1% 8.9% 2.6% 4.1%
Net margin 6.7% 1.2% 4.7% 7.2% 1.8% 5.3% 7.1% 6.7% 6.0% 7.7% 4.2% −15.9% 10.4% 2.2% 7.2% 6.9% 0.3% −1.9%
Free-cash-flow margin 7.9% 5.6% 5.4% 5.9% 2.1% 6.5% 8.0% 8.0% 3.2% 4.9% 6.8% 6.6% 8.8% −2.8% 7.9% 6.7% 6.0% 8.0%
Cash flow
Cash from operations 214 359 491 570 412 789 905 903 644 853 1,020 698 1,071 39 969 741 680 875
Capital spending 24 101 170 211 237 256 264 247 358 380 345 227 268 290 245 159 142 160
Free cash flow 191 258 321 359 175 533 641 656 286 473 675 471 803 −251 725 582 538 715
Stock-based pay 14 33 41 34 58 49 42 38 45 56 56 51 47 47 52 54 44 43
Free cash flow after stock pay 176 225 280 325 117 485 599 618 241 417 619 421 757 −298 673 528 494 672
Balance sheet
Cash 481 499 233 892 593 479 556 730 494 452 503 1,651 1,243 551 708 748 702 966
Total debt — — — — — — — — — — — — — — — — — 2,248
Net debt (negative = net cash) −481 −499 −233 −892 −593 −479 −556 −730 −494 −452 −503 −1,651 −1,243 −551 −708 −748 −702 1,282
Diluted shares 53m 67m 73m 74m 83m 83m 83m 81m 79m 77m 75m 71m 72m 66m 62m 57m 49m 47m
Returned to shareholders
Dividends 8 10 11 11 12 13 13 12 12 12 11 3 3 10 9 9 8 7
Buybacks 0 2 5 14 62 11 138 322 259 325 345 117 361 419 570 525 578 18
Total returned 8 12 16 25 74 24 151 334 271 337 356 120 364 429 580 533 585 25

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · August 2, 2026
What it owns · $11.4bn
Short-term assets $4.0bnLonger-term assets $7.4bn
What it owes, and who funded it · $7.2bn
Short-term liabilities $2.4bnShareholders' equity $4.8bn
  • Short-term assets cover short-term liabilities $4.0bn of assets due within a year against $2.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $966m of cash against $2.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 47% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 44% to 47% over five years.
  • A year's operating cash flow covers at least 20% of debt $875m of operating cash flow against $2.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $363m against $91m of interest.

From PVH Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$17.6M
Dividends (TTM)
$7.1M
Returned to shareholders
3%
of free cash flow
Buybacks, last 3 fiscal years
$1.7B
Diluted share count
−11.6%
year over year
Total shareholder yield
0.6%
dividends 0.2% + buybacks 0.4% of market value
Sales & admin spending
50.7%
of revenue
Days sales outstanding
38 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in apparel, accessories & luxury goods
Last 12 months unless stated PVH VFC RL TPR LULU LEVI Median
Revenue, last 12 months $8.9bn $9.4bn $8.4bn $8.0bn $11.1bn $6.7bn $1.5bn
Revenue growth, last 12 months 1.6% −1.4% 14.7% 14.2% 1.7% 6.6% 1.6%
Revenue growth, 3-year average −0.8% −4.4% 9.0% 6.3% 7.9% 2.9% −1.5%
Revenue growth, latest quarter −3.2% −3.8% 14.0% 8.9% −4.3% 4.3% 1.1%
Gross margin 58.8% 55.9% 70.3% 77.8% 56.1% 62.8% 52.5%
Operating margin 4.1% 6.8% 14.9% 23.9% 17.8% 11.3% 4.4%
Operating margin, 3-year average 5.7% 2.5% 13.5% 15.6% 21.0% 8.6% 2.5%
Net margin −1.9% 3.9% 11.8% 19.1% 12.8% 8.8% 3.9%
Cash from operations / revenue 9.8% 8.8% 15.8% 24.7% 17.9% 12.8% 9.2%
Free-cash-flow margin 8.0% 7.3% 12.9% 22.6% 12.2% 9.6% 7.5%
Free-cash-flow margin, 3-year average 7.6% 5.7% 12.4% 18.5% 13.3% 8.7% 5.8%
Stock pay / revenue 0.5% 0.8% 1.4% 1.3% 0.8% 1.1% 0.9%
Change in share count −11.6% 1.1% −2.3% −5.5% −4.3% −1.8% 0.0%

Median of all 29 companies we cover in apparel, accessories & luxury goods. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 apparel, accessories & luxury goods companies
Measure Company Peer median Rank
Revenue growth Growth 1.6% 1.6% 15 of 29
Change in growth rate Growth -1.9pp +0.0pp 24 of 29
Gross margin Profitability 58.8% 52.5% 8 of 27
Operating margin Profitability 4.1% 4.5% 15 of 26
Net margin Profitability -1.9% 3.9% 22 of 29
Free-cash-flow margin Cash generation 8.0% 7.6% 13 of 28
Stock pay as % of revenue Cash generation 0.5% 1.0% 5 of 26
Long-term debt as % of assets Balance sheet 19.6% 15.1% 16 of 22
Change in share count Balance sheet -11.6% 0.0% 1 of 25
Days sales outstanding Balance sheet 38 days 38 days 13 of 24

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to February 1, 2026
Segments
Line of business Revenue Share YoY
EMEA $4.3B 47.7% ▲ 5.2%
Americas $2.7B 30.6% ▲ 5.9%
Asia Pacific $1.5B 16.9% ▼ 3.8%
Licensing $421M 4.7% ▼ 1.5%
Geography
Region Revenue YoY
EMEA $4.3B ▲ 5.3%
Americas $3.1B ▲ 5.1%
United States $2.6B ▲ 4.3%
Asia Pacific $1.5B ▼ 4.2%

These categories overlap or exclude eliminations, so shares aren't shown.

From PVH Corp.'s 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.8B
Institutions reporting
385
Shares held vs prior quarter
▲ 1.7%
Positions opened / closed
58 / 53

Top buyers and sellers, Q2 2026: 184 institutions bought and 180 sold ; the biggest buyer was FMR LLC (+2.2M shares) and the biggest seller UBS Group AG (−471K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $507M 6.8M 13.3% ▲ 48.8%
Pzena Investment Management LLC $445M 6.0M 11.7% ▲ 3.8%
Blackrock, Inc. $333M 4.5M 8.7% ▼ 0.6%
Dimensional Fund Advisors LP $229M 3.1M 6.0% ▲ 1.6%
Vanguard Portfolio Management LLC $161M 2.2M 4.2% ▼ 1.7%
LSV Asset Management $157M 2.1M 4.1% ▼ 1.4%
Allspring Global Investments Holdings, LLC $155M 2.1M 4.1% ▼ 9.4%
Vanguard Capital Management LLC $155M 2.1M 4.1% ▲ 1.0%
American Century Companies Inc $134M 1.8M 3.5% ▲ 23.0%
State Street Corp $110M 1.5M 2.9% ▼ 2.2%
Morgan Stanley $73M 984K 1.9% ▲ 11.0%
Geode Capital Management, LLC $66.3M 892K 1.7% ▲ 0.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not PVH Corp.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1M 1 trade by 1 insider, last 12 months Insider sales History → $642,500 3 trades by 1 insider · 0% under pre-set plans
Net ▲ $357,552 net buying
Insider Date Trade Shares Price Value
Larsson Stefan Chief Executive Officer September 11, 2026 Buy 14,179 $70.53 $1M
Fischer Mark D EVP, General Counsel & Sec. April 17, 2026 Sell 2,457 $95.00 $233,415
Fischer Mark D EVP, General Counsel & Sec. April 17, 2026 Sell 2,282 $92.50 $211,085
Fischer Mark D EVP, General Counsel & Sec. April 16, 2026 Sell 2,200 $90.00 $198,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

No trades in PVH Corp. disclosed in the last 12 months; 5 earlier trades on record.

  • Julia Letlow(R-LA 5):Sale (full), $1,001 - $15,000, traded January 24, 2025, filed January 13, 2026
  • Julia Letlow(R-LA 5):Purchase, $1,001 - $15,000, traded October 23, 2024, filed January 13, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 39):Purchase, $1,001 - $15,000, traded March 18, 2020, filed April 16, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 2, 2026 estimated from the company's past filing pattern, not announced

  • September 2, 2026
  • June 3, 2026
  • March 31, 2026
  • December 3, 2025
  • November 18, 2025
  • August 26, 2025

Recent SEC filings

Data status

When each part of this page on PVH Corp. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

PVH Corp. in brief

What does PVH Corp. do?
PVH Corp. is a US-listed company in the apparel, accessories & luxury goods industry. Its financial year ends in January.
What is PVH Corp.'s stock ticker?
PVH Corp. trades under the ticker PVH on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is PVH Corp.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, PVH Corp. reported revenue of $8.9B, 1.6% higher than a year earlier, according to its SEC filings.
What is PVH Corp.'s free cash flow?
PVH Corp.'s free-cash-flow margin is 8.0% of revenue over the trailing twelve months, ranking 13 of the 28 apparel, accessories & luxury goods companies we cover.
What is PVH Corp.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of PVH Corp.'s free cash flow after stock-based pay gives ~$220 per share in the base case, and ~$160–$310 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are PVH Corp.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Pzena Investment Management LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is PVH Corp. buying back stock, and does it pay a dividend?
PVH Corp. spent $17.6M on share repurchases over the trailing twelve months, and its diluted share count fell 11.6% over the year.
What is PVH Corp.'s market cap?
On November 2, 2026, PVH Corp.'s market capitalisation was about $4.3B and net debt of $1.3B. Market figures come from third-party market data and may be delayed.
Does PVH Corp. pay a dividend?
Yes: PVH Corp. paid $7.1M in dividends over the trailing twelve months, a dividend yield of 0.17%.
How much debt does PVH Corp. have?
PVH Corp.'s debt-to-equity ratio is 46.9%, from its latest balance sheet (43.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are PVH Corp.'s competitors?
In our Apparel, Accessories & Luxury Goods peer group, the companies closest to PVH Corp. are VF Corporation, Ralph Lauren Corporation, Tapestry, Inc., Lululemon Athletica and Levi Strauss & Co. The side-by-side comparison below sets their revenue, margins and growth against PVH Corp.'s.
Are insiders buying or selling PVH Corp. stock?
Over the last 12 months, PVH Corp.'s directors and officers reported 1 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is PVH Corp.'s next earnings date?
Around December 2, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — PVH Corp. announces its own schedule.