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PVH

PVH Corp.

PVH

PVH Corp. • NYSE
$84.76 ▲ 0.68% (+0.57)
Market Cap $4.08 B
52w High $113.47
52w Low $59.28
Dividend Yield 0.15%
P/E 9.68
Volume 311.47K
Outstanding Shares 48.12M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $2.167B ▲ $1.129B ▲ $224.2M ▲ 10.345% ▲ $4.66 ▲ $201.9M ▲
Q1-2025 $1.984B ▼ $1.024B ▼ $-44.8M ▼ -2.259% ▼ $-0.88 ▼ $-259.5M ▼
Q4-2024 $2.372B ▲ $1.157B ▲ $157.2M ▲ 6.628% ▲ $2.87 ▲ $287.8M ▲
Q3-2024 $2.255B ▲ $1.154B ▲ $131.9M ▼ 5.849% ▼ $2.36 ▼ $259.7M ▲
Q2-2024 $2.074B $1.083B $158M 7.617% $2.83 $248.1M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $248.8M ▲ $11.628B ▲ $6.761B ▲ $4.867B ▲
Q1-2025 $191M ▼ $10.672B ▼ $6.054B ▲ $4.618B ▼
Q4-2024 $748M ▲ $11.033B ▼ $5.893B ▼ $5.141B ▼
Q3-2024 $559.6M ▼ $11.241B ▲ $5.953B ▼ $5.288B ▲
Q2-2024 $610M $11.238B $6.046B $5.192B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $224.2M ▲ $213.1M ▲ $-31M ▼ $-130.6M ▲ $57.8M ▲ $181.9M ▲
Q1-2025 $-44.8M ▼ $-71.4M ▼ $-28M ▲ $-462.9M ▼ $-557M ▼ $-98.1M ▼
Q4-2024 $157.2M ▲ $486.5M ▲ $-37.1M ▼ $-250.4M ▼ $188.4M ▲ $443.2M ▲
Q3-2024 $131.9M ▼ $28.7M ▼ $-28.6M ▲ $-49.2M ▼ $-50.4M ▼ $-11.3M ▼
Q2-2024 $158M $292.4M $-30.8M $-28.9M $233.8M $255.8M

Revenue by Products

Product Q1-2024Q2-2024Q3-2024Q4-2024
Product
Product
 $1.85Bn ▲$1.97Bn ▲$2.13Bn ▲$2.26Bn ▲
Royalty
Royalty
 $80.00M ▲$90.00M ▲$100.00M ▲$90.00M ▼

Five-Year Company Overview

Income Statement

Income Statement PVH’s earnings profile shows a business that has largely recovered from the pandemic shock and then stabilized, but without clear, sustained revenue growth. Sales bounced back strongly after 2020 and have since hovered in a fairly narrow range, with a recent slight step down rather than continued expansion. Profitability, however, has improved: gross margins have trended higher, and operating and net income have stayed firmly positive in recent years, though with some year‑to‑year bumps. Overall, it looks like a mature apparel business that has tightened margins and costs, but is still working to reignite steady top‑line growth.

Balance Sheet

Balance Sheet The balance sheet has been quietly strengthened over the last several years. Total debt has been reduced meaningfully, while shareholders’ equity has generally edged higher, which together point to a less leveraged and more resilient capital structure. Cash levels are adequate but not excessive, and the overall asset base has slimmed down, suggesting a more focused, possibly more efficient company. The main takeaway is a gradual de‑risking of the balance sheet, even as the business navigates a challenging retail environment.

Cash Flow

Cash Flow Cash generation is generally solid but not perfectly consistent. Most years show healthy operating and free cash flow, more than covering typical investment needs, with one notably weak year in the middle of the period where cash flow dipped sharply. Capital spending has been relatively modest and stable, indicating disciplined investment rather than aggressive expansion. In aggregate, PVH appears capable of funding its strategy from internal cash, but the volatility in certain years highlights execution and demand risks that can temporarily strain cash generation.

Competitive Edge

Competitive Edge PVH’s competitive strength rests on the enduring appeal of Calvin Klein and Tommy Hilfiger, two globally recognized brands that support premium positioning and broad consumer awareness. Its reach across many countries and multiple channels—wholesale, retail, and especially a growing direct‑to‑consumer and online presence—spreads risk across regions and formats. This brand and distribution footprint gives PVH scale advantages, but it still operates in a crowded, trend‑driven fashion market where consumer tastes shift quickly and competition is intense. The company’s challenge is to keep its heritage brands culturally relevant while protecting pricing power and margins.

Innovation and R&D

Innovation and R&D While not a traditional R&D‑heavy company, PVH is investing meaningfully in digital and operational innovation. The use of 3D design, data‑driven planning, and early AI applications in the supply chain aims to shorten product cycles, cut waste, and better match inventory to demand. The PVH+ Plan provides a structured roadmap around product focus, consumer engagement, digital commerce, and supply‑chain modernization, backed by partnerships with external innovation platforms and an emphasis on sustainability initiatives. These efforts, if executed well, could deepen its moat by making the business faster, leaner, and more aligned with both digital and environmentally conscious consumers.

Summary

PVH today looks like a more disciplined, less leveraged apparel company anchored by two powerful global brands, with profitability and margins in a healthier place than a few years ago. Revenue momentum, however, has been more flat than rising, and both earnings and cash flow have shown some lumpiness, reminding observers that this remains a cyclical, fashion‑sensitive business. Management’s strategy leans heavily on digital transformation, direct‑to‑consumer growth, and operational efficiency, all of which could support better growth and more stable profits if delivered successfully. The key questions going forward center on execution: keeping the brands compelling, managing inventory and promotions carefully, and turning its innovation and PVH+ initiatives into consistent, durable financial progress.

NEWS

November 18, 2025 · 7:45 AM UTC

PVH Corp. Announces CFO Transition

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November 17, 2025 · 9:00 AM UTC

PVH Corp. to Host Conference Call to Discuss Third Quarter 2025 Earnings Results

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October 29, 2025 · 4:15 PM UTC

PVH Corp. Declares Quarterly Cash Dividend

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October 28, 2025 · 8:45 AM UTC

Jung Kook of BTS Fronts New Calvin Klein Campaign in Latest Denim Styles

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October 8, 2025 · 4:00 PM UTC

PVH Corp. Names Chief Supply Chain Officer and Global Head of Operations

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