PVH Corp. (PVH) Financial Analysis and Rating

Comparison Analysis Based on SEC Data

Company Name PVH Corp.
Industry (SIC) 232 - Men's And Boys' Furnishings, Work Clothing, And Allied Garments
Revenue in 2023 (TTM) $9,217 million (ranked #3 out of 22 companies in the industry)
Assets as of 10/31/2023 $11,167 million (ranked #2)
Fiscal Year End January 31
Analyzed report 1/31/2023 (filed 3/28/2023)

Year:

Financial Position and Performance

Compared with 2022 industry ratios Change during the year

much worse

deteriorated
Compared with all listed companies

about the same

Compare with a competitor

Financial Ratios Benchmarking

Finanancial Ratio Comparison of 2022 company ratios
with industry ratios
(23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials)
with all listed companies
Solvency Ratios
Debt ratio 
0.57
0.57
0.57
0.61
Debt-to-equity ratio 
1.35
1.14
1.35
1.02
Interest coverage ratio 
5.33
10.14
5.33
2.51
Liquidity Ratios
Current Ratio 
1.29
2.23
1.29
1.75
Quick Ratio 
0.53
0.80
0.53
1.07
Cash Ratio 
0.20
0.38
0.20
0.52
Profitability Ratios
Profit margin 
2.2%
6.9%
2.2%
2.1%
ROE (Return on equity), after tax 
3.9%
15.9%
3.9%
0.5%
ROA (Return on assets) 
1.7%
9.2%
1.7%
0.8%
Activity Ratios
Asset turnover (days) 
489
322
489
792
Receivables turnover (days) 
34
34
34
48
Resulting score -1,1 +0,1

Year:

Additional Ratios (not used in score calculation)

Finanancial Ratio Comparison of 2022 company ratios
with industry ratios
(23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials)
with all listed companies
Profitability Ratios
Gross margin 
56.8%
50.9%
56.8%
40.3%
Operating margin (Return on sales) 
5.3%
10.2%
5.3%
6.4%
Activity Ratios
Inventory turnover (days) 
147
122
147
85
EBIT  $478M
EBITDA  $779M
Price Ratios
Dividend Payout Ratio 
0.05
0.09
0.05
0.20
Earnings per Share (basic)  $3.05
Earnings per Share (diluted)  $3.03

Auditor's Conclusion

We have performed a comparative analysis of the balance sheet and income statement of PVH Corp. (hereafter – the "Company") for the year 2022 as submitted to the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Men's And Boys' Furnishings, Work Clothing, And Allied Garments" (SIC code 232). In the analysis, we have compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the specific industry sector and for all companies. The averages are calculated using data from 2022 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have drawn a general conclusion about the quality of the company's financial condition. Calculations and summary conclusions are performed in a computerized manner using software and methodologies developed by ReadyRatios.

As a result of the analysis of the key financial ratios of the Company, we have established the following. The financial condition of PVH Corp. in 2023 is much worse than the financial condition of half of all companies engaged in the activity "Men's And Boys' Furnishings, Work Clothing, And Allied Garments".

The average ratios for this type of business activity are higher than the average for all companies. Therefore, the Company shows a satisfactory result in comparison to all businesses. The financial position of PVH Corp. is about the same as the average financial condition of the listed companies that submit financial statements to the U.S. Securities and Exchange Commission.

Financial Position and Performance History


More on PVH Corp.

Closest Competitors

Company USD ($), in Millions
Revenue Assets
V.F. Corporation 10,676 12,616
Cintas Corporation 9,194 8,814
Ralph Lauren Corporation 6,811 7,005
Kontoor Brands, Inc. 2,607 1,645

See all industry leaders

Financial Data Source and Analysis Principles

The above is a comparative analysis of the company's financial position and performance. The comparison is based on official financial statements filed with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) (about 10,000 largest publicly traded companies). The comparison is made using the eleven key financial ratios (see the table above). The company's financial ratios are compared with the median of the ratios for all companies and for companies in the same industry, as well as to the quartiles of these ratios. Each ratio value is assigned a score between -2 and +2 depending on its position relative to the quartiles (-2 – below the first quartile; -1 – between the first and the second quartile; +1 – between the second and the third quartile; +2 – above the third quartile; 0 – the ratio value deviates from the median by no more than 5% of the difference between the median and the quartile closest to the ratio value). To draw a conclusion from the analysis, the individual scores are weighted equally to produce an overall score ranging from -2 and +2.

much better (+1 - +2incl)
better (from 0.11 to +1incl)
about the same (from -0.11incl to +0.11incl)
worse (from -1incl to -0.11)
much worse (from -2incl to -1)
"Change during the year" calculation

Change during the year is calculated by comparing the resulting score of financial position within the industry with the last year's (quarter's) score. The result of the comparison may be as follows:

significantly improved (positive change of more than 1 point)
improved (positive change of less than 1 point)
unchanged (little or no change in score, no more than 0.11 points)
deteriorated (the score has decreased by less than 1 point during the year)
deteriorated significantly (the score has decreased by more than 1 point during the year)


Please note that this analysis does not indicate that the company's financial position is good or bad, but rather describes it in comparison to other U.S. businesses. For a detailed financial analysis, please use "ReadyRatios Financial Analysis" - load the data into the program>>

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