Stock

PVH

PVH
31
Apparel - Manufacturers · Consumer Cyclical
Also trades as: 0KEQ.L GBP 0.82 (+0.49%)
Price
$81.35
+0.21 (+0.26%)
Market Cap
$3.75B
Winston Score
31
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Oct 10, 2026 · filings through Aug 2, 2026

§How the score breaks down

Quality
Mixed
14/30
Growth
Weak
3/20
Cash Flow
Weak
2/10
Stability
Strong
7/10
Valuation
Data not available
0/10
Ownership
Mixed
4/15
Dividends
Weak
1/5

31 of 100 counted points = Winston Score 31.

Share count falling — buybacks

−33.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 71.9M (2022) → 47.9M (2026)

§Winston Score History

The full picture

PVH Corp. is a clothing company that owns two of the most recognized fashion brands in the world: Calvin Klein and Tommy Hilfiger. It designs and sells apparel, underwear, jeans, and accessories to everyday shoppers through department stores, its own retail locations, and online. PVH operates in the global fashion industry, competing with companies like Hanesbrands and Ralph Lauren.

PVH makes money by selling its branded clothing wholesale to retailers and directly to consumers through its own stores and websites. The company operates in over 40 countries, with Europe being its largest and most profitable region, generating roughly half of total revenue. Its main competitive advantage is brand recognition built over decades, but PVH faces real pressure from slowing consumer spending, a struggling North American wholesale channel, and the challenge of keeping two large heritage brands relevant to younger shoppers — which is the central risk to its long-term growth.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-3.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-148.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

1.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 years

$966M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

$966M cash & investments at current burn rate

Revenue declining

PVH's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
63.0%
Premium pricing power — 63.0% gross margin
Profit after running costs
Operating Margin
10.0%
Modest — 10.0% operating margin
Return on the money invested
ROCE
8.0%
Weak — 8.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+1.6%
Nearly flat sales (+1.6% YoY)
Profit growth
EPS YoY
-139.6%
Earnings shrinking (-139.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
6.2%
Modest free cash flow (6.2%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.87
Moderate — manageable debt (0.87)
Covers its interest
Interest Cover
8.88x
Comfortably covers interest (8.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
0.20%
Small dividend — 0.20% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+0.0%
Dividend flat

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