PVH vs VF
VF reported revenue of $9.6 billion in fiscal 2026, about the same as PVH's $9.0 billion in fiscal 2025. PVH's revenue grew 3.4% in its latest year, and VF's grew 1.1%. PVH had an operating margin of 2.6%, against 6.0% at VF. Free cash flow was $538 million at PVH and $557 million at VF. Their fiscal years end in different months (February 1 and March 28), so the periods don't line up exactly.
Side by side
| PVH | VF | |
|---|---|---|
| Latest fiscal year | FY2025, Feb 1, 2026 | FY2026, Mar 28, 2026 |
| Revenue | $9.0B | $9.6B |
| Revenue growth | 3.4% | 1.1% |
| Revenue growth a year, last 5 years | 4.6% | 0.8% |
| Gross margin | 57.5% | 54.8% |
| Operating margin | 2.6% | 6.0% |
| Net margin | 0.3% | 2.6% |
| Free cash flow | $538M | $557M |
| Free cash flow margin | 6.0% | 5.8% |
| Return on capital | 1.8% | 9.0% |
| Net debt to EBITDA | 3.2x | 3.2x |
| Dividends and buybacks | $585M | $141M |
| Change in diluted share count | −14.5% | 0.8% |
| Last close | $86.54 | $16.95 |
| P/E at the last close | — | 26.5× |
| Insider trades, last 12 months | bought $1.0 million, sold $642,500 | bought $1.3 million, sold $142,241 |
| Piotroski F-score | 6 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
PVHVF
Operating margin
Percent of revenue
PVHVF
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
PVHVF