PVH Corp.
Financial Performance
PVH Revenue & Financials
Revenue
$9B (FY2025)
Market Cap
$3.5B
Net Income
$25.3M
Employees
26,000
What is PVH's revenue?
PVH had $9B in revenue for fiscal year 2025, up 3.4% from 2024. Net income was $25.3M.
- Latest revenue
- $9B (FY2025)
- Year-over-year
- +3.4%
- Growth rate (CAGR)
- 1% over 9 years
- Peak revenue
- $9.9B (FY2019)
- Years of data
- 10
- Employees
- 26,000
Financial Analysis
PVH's revenue has hovered around $9 billion for several years: $9.218B in fiscal 2023, $8.653B in fiscal 2024 and $8.950B in fiscal 2025. Fiscal 2025 GAAP net income fell to $25.3M because of impairment and other charges, while non-GAAP EPS was $11.40 and non-GAAP operating margin 8.8%. PVH bought back more than $560 million of stock in fiscal 2025. In Q2 2026 revenue fell 3% to $2.097B; gross margin rose to 63.0%, about 510 basis points of which came from tariff refunds, and non-GAAP EPS was $3.70 against a GAAP loss of $2.23 per share. PVH Corp., formerly known as the Phillips-Van Heusen Corporation, is a colossal American clothing company that owns massive global fashion brands, maintaining a market valuation generally exceeding $6 billion.
Revenue Trend Analysis
YoY Change
+3.4%
9-Year CAGR
+1%
Peak Year
2019
Trend
Mostly Growing
PVH Corp. has 10 full fiscal year figures on this page, compounding at +1% annually over 9 years. The most recent year saw a 3.4% increase versus the prior year. Annual revenue peaked in fiscal year 2019 at $9.9B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
Click any row to see year details.
PVH Corp. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Feb 1, 2026 | $680.4M | $142M | $11.7B | $4.8B | $538.4M | Form 10-K |
| FY2024ended Feb 2, 2025 | $740.9M | $158.7M | $11B | $5.1B | $582.2M | Form 10-K |
| FY2023ended Feb 4, 2024 | $969.4M | $244.7M | $11.2B | $5.1B | $724.7M | Form 10-K |
| FY2022ended Jan 29, 2023 | $39.2M | $290.1M | $11.8B | $5B | -$250.9M | Form 10-K |
| FY2021ended Jan 30, 2022 | $1.1B | $267.9M | $12.4B | $5.3B | $803.3M | Form 10-K |
| FY2020ended Jan 31, 2021 | $697.7M | $226.6M | $13.3B | $4.7B | $471.1M | Form 10-K |
| FY2019ended Feb 2, 2020 | $1B | $345.2M | $13.6B | $5.8B | $675.1M | Form 10-K |
| FY2018ended Feb 3, 2019 | $852.5M | $379.5M | $11.9B | $5.8B | $473M | Form 10-K |
| FY2017ended Feb 4, 2018 | $644.2M | $358.1M | $11.9B | $5.5B | $286.1M | Form 10-K |
| FY2016ended Jan 29, 2017 | $902.6M | $246.6M | $11.1B | $4.8B | $656M | Form 10-K |
Keep researching PVH
PVH Revenue and Financial FAQ
What were PVH's fiscal 2025 revenue and net income?
PVH reported fiscal 2025 revenue of $8.950 billion and GAAP net income of $25.3 million. Non-GAAP EPS was $11.40 and non-GAAP operating margin was 8.8%.
Why was PVH's GAAP profit so low in fiscal 2025?
GAAP results included impairment and other non-recurring charges, pushing GAAP operating margin to 2.6% versus 8.8% on a non-GAAP basis.
What is PVH's market cap?
PVH's market capitalization was roughly $3.3 billion to $3.5 billion in September 2026, with the stock trading in the $70s.
How much stock has PVH repurchased?
PVH returned more than $560 million to shareholders through buybacks in fiscal 2025, including a $500 million accelerated share repurchase entered in April 2025.
What happened in PVH's Q2 2026 results?
Q2 2026 revenue fell 3% to $2.097 billion. Gross margin rose to 63.0%, helped by $107 million of tariff refunds, while a $439 million impairment led to a GAAP loss of $2.23 per share. Non-GAAP EPS was $3.70.
What was PVH's revenue trend over recent years?
PVH revenue was $9.218 billion in fiscal 2023, $8.653 billion in fiscal 2024 and $8.950 billion in fiscal 2025.
What is PVH Corp.’s annual revenue and earnings scale?
PVH Corp. generates approximately $9.0 billion to $9.2+ billion in annual revenues, with Tommy Hilfiger contributing nearly $4.8 billion and Calvin Klein contributing around $3.8 billion.
What are PVH’s gross profit and operating margins?
PVH typically generates gross margins between 57% and 60% and targets operating EBIT margins of 12% to 15% under the PVH+ Plan, driven by direct-to-consumer expansion and reduced promotional discounting.
What is PVH’s geographic revenue distribution?
PVH is deeply international: International markets (Europe, Asia-Pacific, Latin America) account for approximately 65% to 70% of total company sales, while North America represents 30% to 35%.
How has PVH managed balance sheet debt since large historic acquisitions?
PVH has aggressively paid down debt incurred from the Tommy Hilfiger and Warnaco acquisitions, maintaining a healthy investment-grade profile and keeping net debt-to-EBITDA leverage below 2.0x.
What is PVH’s capital return policy for shareholders?
PVH returns substantial free cash flow to shareholders primarily through hundreds of millions in common share buybacks annually, alongside a regular modest quarterly cash dividend.
How do foreign currency movements impact PVH’s reported financial results?
Because nearly half of PVH’s revenues are generated in Euros, British Pounds, and Asian currencies, fluctuations in the US Dollar (USD) create significant translation impacts on reported top-line revenue.
How does seasonal holiday inventory affect PVH’s working capital?
PVH experiences working capital build-up in Q3 as it stocks inventory for the critical Q4 fall/holiday selling season, resulting in peak cash collection and free cash flow generation in Q4 and early Q1.
What long-term financial targets did PVH outline in the PVH+ Plan?
The PVH+ Plan targets $12.5 billion in annual revenues by driving high-single-digit compound annual growth, expanding operating margins to 15%, and generating over $1 billion in annual free cash flow.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "PVH Revenue & Financials." CorpDigest, https://corpdigest.com/company/pvh/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>PVH reported $9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/pvh/financials" target="_blank" rel="noopener">CorpDigest — PVH financials</a></div>Related Financial Audits
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