PVH Corp. PVH

Consumer DiscretionaryTextiles & ApparelUnited States of America

Last close 92.92 USD on Nov 2, 2026, +38.8% year to date

Quant rating

Quant rating B Rank 137 of 344 in Consumer Discretionary

Growth D 249 of 344
Valuation B 119 of 344
Quality C 202 of 344
Revisions C 149 of 344
Momentum B 94 of 344

Wall Street consensus Buy (2.31)Average target 94.06 USD +1.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 4.3B
Enterprise value: 5.6B
52-week range: 59.72 – 100.74
3-year range: 59.72 – 140.61
Dividend yield: 0.17%
Beta (5 years): 1.74
Shares outstanding: 46.1M
Next earnings: Dec 1, 2026

About the company

PVH Corp. is an apparel company that designs and markets branded sportswear (casual apparel), jeanswear, performance apparel, intimate apparel, underwear, swimwear, dress shirts, handbags, accessories, footwear, and other related products. The Company operates through four segments, which include Europe, the Middle East and Africa (EMEA), Americas, Asia-Pacific (APAC), and Licensing. Its Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; and Heritage Brands, which consists of the Heritage Brands Wholesale segment. Its operations outside North America consist of wholesale sales under its owned and licensed trademarks, retail stores operations, and digital commerce sites under its TOMMY HILFIGER and Calvin Klein trademarks. Its licensing activities include TOMMY HILFIGER and Calvin Klein trademark licensing for a broad array of product categories and for use in certain territories.

Growth and profitability fiscal year ends January 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	8,950	8,653	9,218	9,024	9,155	–
Revenue growth	3.4%	−6.1%	2.1%	−1.4%	28.4%	4.6%
EPS (basic, normalized)	11.40	11.74	10.68	8.97	10.15	–
EPS growth	−2.9%	9.9%	19.1%	−11.6%	–	–
Gross margin	57.5%	59.4%	58.2%	56.8%	58.2%	58.0%
Net margin	0.3%	6.9%	7.2%	2.2%	10.4%	5.4%
ROE	0.5%	11.7%	13.1%	3.9%	19.0%	9.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	966
Current ratio	1.65x
Long-term debt (mil)	2,236
Net debt (mil)	1,282
Total equity (mil)	4,792
Net debt / equity	0.27x
Net debt / EBITDA	1.21x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	8,950	+3.4%	0.6x	1,063	−7.4%	5.2x	11.40	−2.9%	8.2x
2027	8,906	−0.5%	0.6x	1,050	−1.2%	5.3x	12.01	+5.4%	7.7x
2028	9,054	+1.7%	0.6x	1,018	−3.1%	5.5x	12.49	+4.0%	7.4x
2029	9,254	+2.2%	0.6x	1,044	+2.5%	5.3x	13.93	+11.5%	6.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	8,906	+0.1%	0.0%	−1.4%	12.01	−0.7%	−0.1%	−1.8%
2028	9,054	0.0%	0.0%	−1.6%	12.49	0.0%	−1.0%	−9.6%
2029	9,254	0.0%	−0.5%	−4.4%	13.93	+0.3%	−1.7%	−20.2%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	1,952	2,074	2,255	2,372	1,984	2,167	2,294	2,505	2,025	2,097
Sales mean (mil)	1,934	2,067	2,220	2,334	1,935	2,122	2,281	2,437	2,001	2,094
Surprise	+0.9%	+0.3%	+1.6%	+1.6%	+2.5%	+2.1%	+0.6%	+2.8%	+1.2%	+0.2%
EPS reported	2.45	3.01	3.03	3.27	2.30	2.52	2.83	3.82	2.01	3.70
EPS mean	2.16	2.29	2.59	3.21	2.25	2.00	2.56	3.30	1.87	3.08
Surprise	+13.2%	+31.4%	+17.0%	+1.7%	+2.2%	+25.7%	+10.7%	+15.7%	+7.3%	+20.2%

Peer comparison Textiles & Apparel

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
PVH PVH Corp.	4.3B	1.21x	0.3%	0.89x	7.7x	7.4x	5.3x	5.5x
LVMH Lvmh Moet Hennessy Louis Vuitton SE	217.2B	–	13.5%	2.85x	17.8x	16.3x	9.4x	8.9x
NKE NIKE, Inc.	58.1B	−0.13x	6.7%	3.81x	30.8x	25.8x	18.3x	16.0x
ADSGn Adidas AG	33.6B	1.23x	5.4%	4.67x	18.1x	14.8x	9.6x	8.3x
RL Ralph Lauren Corporation	23.7B	−0.31x	11.6%	8.71x	21.0x	19.0x	13.5x	12.4x
DECK Deckers Outdoor Corporation	11.3B	−0.90x	18.7%	4.89x	10.9x	10.5x	7.4x	7.3x
Mean		0.22x	9.4%	4.30x	17.7x	15.6x	10.6x	9.7x
Median		−0.13x	9.1%	4.24x	17.9x	15.6x	9.5x	8.6x

Technical analysis

1M+23.0%
3M+7.3%
1Y+18.9%
3Y+25.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, PVH Corp., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	8,950	8,653	9,218	9,024	9,155	7,133
Cost of revenue	3,802	3,510	3,854	3,901	3,831	3,356
Gross profit	5,149	5,142	5,363	5,123	5,324	3,777
Selling, general & administrative expenses	4,569	4,492	4,477	4,291	4,380	3,818
Research & development	–	–	–	–	–	–
Depreciation/amortization	2.9	3.5	4.2	4.2	4.9	5.2
Interest expense (income), operating	−44.7	−48.2	−45.7	−50.4	−23.7	−7.7
Unusual expense (income)	399	−104	46.0	499	−49.8	1,117
Other operating expenses	−8.9	26.6	−47.2	−91.9	−64.1	−78.9
Operating income	231	772	929	471	1,076	−1,077
Net interest income (expense)	−79.3	−66.6	−87.8	−82.5	−104	−116
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0.4	0
Net income before taxes	151	706	841	388	973	−1,193
Provision for taxes	126	107	177	188	20.7	−55.5
Minority interest	–	–	0	0	0.3	1.4
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	25.3	598	664	200	952	−1,136
Extraordinary items	–	–	–	–	–	–
Net income	25.3	598	664	200	952	−1,136
EBIT, normalized	592	620	929	920	1,003	32.4
EBITDA, normalized	864	903	1,228	1,221	1,316	358
Basic EPS, normalized	11.40	11.74	10.68	8.97	10.15	–

Balance sheet in millions of USD, fiscal years

Balance sheet, PVH Corp., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	702	748	708	551	1,242	1,651
Receivables	1,018	876	807	945	765	667
Total inventory	1,584	1,509	1,420	1,803	1,348	1,417
Prepaid expenses	219	210	238	209	169	158
Other current assets	83.3	144	87.5	72.7	128	50.4
Total current assets	3,605	3,488	3,260	3,580	3,654	3,944
Property, plant & equipment	2,535	1,898	2,076	2,200	2,255	2,508
Goodwill	2,022	2,260	2,322	2,359	2,829	2,954
Intangibles	3,096	3,021	3,097	3,250	3,307	3,518
Long-term investments	214	198	216	190	165	164
Note receivable	–	–	–	–	–	–
Other long-term assets	208	168	202	189	187	206
Total assets	11,681	11,033	11,173	11,768	12,397	13,294
Liabilities
Accounts payable	1,147	1,151	1,073	1,327	1,221	1,124
Payable/accrued	–	–	–	–	–	–
Accrued expenses	1,165	1,022	1,061	1,223	1,472	1,356
Short-term debt	0	0	0	46.2	10.8	0
Current portion of long-term debt	15.1	514	582	116	38.8	46.4
Other current liabilities	49.0	55.3	55.5	54.3	44.9	55.8
Total current liabilities	2,376	2,742	2,772	2,768	2,788	2,582
Long-term debt	2,292	1,583	1,597	2,184	2,323	3,522
Minority interest	–	–	–	–	0	−3.4
Other liabilities	2,220	1,568	1,685	1,804	1,998	2,463
Total liabilities	6,889	5,893	6,054	6,756	7,108	8,563
Shareholders' equity
Preferred stock	0	0	0	0	0	0
Common stock	89.6	89.1	88.6	87.6	87.1	86.3
Additional paid-in capital	3,464	3,374	3,313	3,244	3,198	3,129
Retained earnings (accumulated deficit)	6,015	5,997	5,407	4,753	4,563	3,613
Treasury stock	−4,088	−3,463	−2,937	−2,359	−1,947	−1,580
Other equity	−689	−857	−754	−713	−613	−519
Total equity	4,792	5,140	5,119	5,013	5,289	4,730
Total liabilities & shareholders' equity	11,681	11,033	11,173	11,768	12,397	13,294

Cash flow statement in millions of USD, fiscal years

Cash flow statement, PVH Corp., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	25.3	598	664	200	952	−1,138
Depreciation, depletion & amortization	272	282	299	302	313	326
Deferred taxes	−44.2	−25.6	−14.4	9.8	−64.9	−145
Non-cash items	480	24.7	−48.9	387	−97.5	1,009
Changes in working capital	−53.0	−139	70.5	−859	−31.7	645
Cash from operations	680	741	969	39.2	1,071	698
Investing activities
Capital expenditures	−142	−159	−245	−290	−268	−227
Other investing cash flows	1.9	21.0	160	11.9	223	168
Cash from investing	−140	−138	−85.1	−278	−45.0	−59.1
Financing activities
Financing cash flow items	–	–	0	0	−15.2	−12.7
Cash dividends paid	−7.5	−8.6	−9.4	−10.1	−2.7	−2.7
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−598	−542	−712	−418	−1,381	493
Cash from financing	−606	−550	−722	−428	−1,398	477
Foreign exchange effects	18.9	−12.4	−5.6	−24.6	−36.6	32.0
Net change in cash	−46.5	40.4	157	−692	−409	1,148
Free cash flow	538	582	725	−251	803	471

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.