Is the business good?
How good a business is PVH?
PVH Corp. earns 8.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
8.2%
Return on invested capital · cost of capital 9.0% · 0.76 points below what the capital costs: growth destroys value
- Operating margin
- 7.6%
Operating margin · Apparel Manufacturing median 6.9% · 12 months to Q1 2026
- Cash conversion
- 3.48×
Cash conversion · 1.47× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −9.2%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −15% |
| FY2021 | 12% |
| FY2022 | 5.2% |
| FY2023 | 10% |
| FY2024 | 8.9% |
| FY2025 | 2.6% |
Details›
- Gross margin12 months to Q1 2026
- 58%
- Operating margin12 months to Q1 2026
- 7.6%
- Net margin12 months to Q1 2026
- 1.8%
- Free cash flow margin
- 6.1%
- Revenue, trailing twelve months
- $8.99B
- Free cash flow, trailing twelve months
- $551M
- Net income, trailing twelve months
- $158M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Apparel Manufacturing
Ranks #8 of 11 by Smart Score