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Owns Calvin Klein and Tommy Hilfiger, designing and marketing apparel and accessories globally.
Owns Calvin Klein and Tommy Hilfiger, designing and marketing apparel and accessories globally.
Sells Calvin Klein and Tommy Hilfiger products through department stores and other wholesale customers, its own stores and websites, and licensing agreements where partners make and sell items such as footwear or watches under the brands and pay royalties. Europe is its largest region.
Moat: narrow (brand, scale). Two globally recognized fashion brands licensed and sold across 40+ countries.
Headquarters: New York City, US · Founded: 1881 · Employees: 26,000
Size PVH (PVH) is a United States Consumer Discretionary company (Apparel/Footwear) with a market value of $4.15B, the 1324th largest of 3,117 United States companies the cockpit tracks. Shares closed at $89.95 on 6 Nov 2026.
Performance Over six months the shares gained 0.5%, against +5.8% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 1.6% over the last twelve months (peer median +4.4%); the operating margin is 7.6% (peer median 9.3%).
Valuation It trades at 8.1× forward earnings against a peer median of 14.9× (2nd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.8 points below its cost of capital (9.5% WACC).
Credit PVH has 3 bonds outstanding ($1.75B), rated BBB by the agencies and trading like BBB- at a weighted spread of 116 bp.
Short interest Short interest is 9.5% of the free float (15 Oct 2026).
Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $8.92B | $8.95B | $8.65B | $9.22B | $9.02B |
| Revenue growth | — | +3% | -6% | +2% | — |
| Gross profit | $5.16B | $5.13B | $5.11B | $5.35B | $5.09B |
| EBITDA | $935M | $1.01B | $968M | $1.25B | $1.20B |
| Net income | -$169M | $25.3M | $598M | $664M | $200M |
| Free cash flow | $715M | $538M | $582M | $725M | -$251M |
| Capital expenditure | $160M | $142M | $159M | $245M | $290M |
| Total debt | $4.16B | $4.30B | $3.40B | $3.54B | $3.84B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| PVH PVH | $4.15B | +1% | +2% | 8% | 8.1× | 2.5% |
| Ralph Lauren RL | $22.4B | +5% | +15% | 17% | 18.6× | 11.0% |
| V.F VFC | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% |
| Levi Strauss & LEVI | $8.77B | +1% | +5% | 13% | 14.6× | 5.2% |
| Capri CPRI | $2.12B | +11% | -14% | 3% | 9.4× | 21.3% |
| Hugo Boss BOSS.DE | $2.90B | +8% | -5% | 8% | 15.4× | -6.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PVH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.9% | +10.4% | 10th highest of 21 |
| 6-month return | +0.5% | +5.8% | 8th lowest of 21 |
| Distance from 52-week high | -10.7% | -13.0% | 7th highest of 21 |
| Revenue growth (TTM) | +1.6% | +4.4% | 10th lowest of 21 |
| Operating margin | 7.6% | 9.3% | 7th lowest of 21 |
| Forward P/E | 8.1× | 14.9× | 2nd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 2.5% | 5.3% | 9th least demanding of 19 |
| Growth delivered (Del g) | +4.6% | +9.9% | 6th lowest of 19 |
| Hurdle (Req g minus delivered) | -2.1 pp | -4.5 pp | 10th least demanding of 19 |
| ROIC minus cost of capital | -2.8 pp | +4.4 pp | 7th lowest of 21 |
| EV / EBITDA | 7.9× | 11.4× | 5th cheapest of 17 |
| Net debt / EBITDA | 3.4× | 0.7× | 3rd most indebted of 18 |
| Bond spread | 116 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PVH PVH | United States | $4.15B | +1% | +2% | 8% | 8.1× | 2.5% | +4.6% |
| K.P.R. Mill KPRMILL.NS | India | $4.21B | +19% | +6% | 18% | 34.8× | 29.9% | +13.3% |
| Kontoor Brands KTB | United States | $4.21B | +5% | +16% | 13% | 13.2× | 1.1% | +8.5% |
| Page Industries PAGEIND.NS | India | $4.22B | -4% | +8% | 19% | 46.8× | 27.7% | +13.1% |
| Puma PUM.DE | Germany | $4.42B | +4% | -19% | -6% | n/a | n/a | n/a |
| HLA 600398.SS | China | $4.47B | -6% | +7% | 11% | 14.3× | -13.1% | +3.8% |
| Columbia Sportswear COLM | United States | $3.61B | +12% | 0% | 8% | 16.2× | 4.6% | +6.3% |
| Fosun International 0656.HK | Hong Kong | $4.82B | +11% | -1% | 3% | 12.9× | 10.6% | +4.1% |
| Abc-mart 2670.T | Japan | $5.03B | +20% | +4% | 17% | 16.2× | -10.0% | +11.4% |
| Li Ning 2331.HK | Hong Kong | $5.10B | -21% | +7% | 13% | 14.4× | -5.4% | +14.6% |
| FIGS FIGS | United States | $3.29B | +37% | +25% | 10% | 54.0× | 25.5% | +19.1% |
| Burberry BRBY.L | United Kingdom | $5.38B | -4% | -2% | 7% | 28.8× | 19.1% | +0.6% |
| Youngor Fashion 600177.SS | China | $5.69B | +10% | -5% | -3% | 12.8× | 23.3% | +0.1% |
| Crystal International 2232.HK | Hong Kong | $2.92B | +23% | +4% | 10% | 11.4× | -5.3% | +6.0% |
| Hugo Boss BOSS.DE | Germany | $2.90B | +8% | -5% | 8% | 15.4× | -6.6% | +17.0% |
| Steven Madden SHOO | United States | $2.89B | -3% | +18% | 9% | 17.5× | 5.9% | +16.1% |
| Ermenegildo Zegna ZGN | United States | $5.96B | +7% | +11% | 9% | 31.1× | 20.3% | +11.3% |
| Eclat Textile 1476.TW | Taiwan | $2.88B | +3% | 0% | 20% | 13.7× | -8.9% | +6.2% |
| Star Shine 1440.HK | Hong Kong | $2.85B | +34% | -33% | -3% | n/a | n/a | n/a |
| Yue Yuen Industrial (Holdings) 0551.HK | Hong Kong | $2.75B | -7% | -3% | 3% | 13.6× | 2.4% | -0.9% |
| Gildan Activewear GIL.TO | Canada | $6.48B | -40% | +40% | 15% | 6.8× | 6.5% | +13.7% |
PVH has 3 bonds outstanding with $1.75B face value. The agencies rate it BBB; its bonds trade like BBB-. Weighted yield 4.56%, a spread of 116 bp over government bonds.