PVH profit margin PVH
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- −1.9%
- Operating margin, 12 months
- 4.1%
- Net margin on a year earlier
- −7.2 pts
- Peer median
- 8.7%
Over the twelve months to Aug 2, 2026, PVH kept −1.9% of its revenue as net profit, with an operating margin of 4.1% and a gross margin of 58.8%.
Five years earlier its net margin was 3.4%.
The median for 9 apparel manufacturers stocks of a similar size is 8.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 0.3% | 2.6% | 57.5% |
| FY2024 | 6.9% | 8.9% | 59.4% |
| FY2023 | 7.2% | 10.1% | 58.2% |
| FY2022 | 2.2% | 5.2% | 56.8% |
| FY2021 | 10.4% | 11.8% | 58.2% |
| FY2020 | −15.9% | −15.0% | 53.0% |
| FY2019 | 4.2% | 5.6% | 54.4% |
| FY2018 | 7.7% | 9.2% | 55.0% |
| FY2017 | 6.0% | 7.1% | 54.9% |
| FY2016 | 6.7% | 9.6% | 53.3% |
| FY2015 | 7.1% | 9.5% | 51.9% |
| FY2014 | 5.3% | n/a | 52.5% |
| FY2013 | 1.8% | 6.2% | 51.5% |
| FY2012 | 7.2% | 10.8% | 53.8% |
| FY2011 | 5.4% | 9.5% | 51.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −1.9% | −7.2 pts | 4.1% | |
| Q1 FY26 | 1.8% | −2.9 pts | 7.6% | |
| Q4 FY25 | 0.3% | −6.6 pts | 2.6% | |
| Q3 FY25 | 3.9% | −4.3 pts | 2.2% | |
| Q2 FY25 | 5.3% | −3.0 pts | 2.2% | |
| Q1 FY25 | 4.6% | −2.9 pts | 2.7% | |
| Q4 FY24 | 6.9% | −0.3 pts | 8.9% | |
| Q3 FY24 | 8.1% | +2.4 pts | 10.5% | |
| Q2 FY24 | 8.4% | +6.4 pts | 10.9% | |
| Q1 FY24 | 7.5% | +5.3 pts | 10.4% | |
| Q4 FY23 | 7.2% | +5.0 pts | 10.1% | |
| Q3 FY23 | 5.8% | +0.7 pts | 9.4% |
Against its peers
Companies in Apparel - Manufacturers nearest PVH's size, closest first, today.
| Company | Profit margin |
|---|---|
| PVHPVH | −1.9% |
| KTBKontoor Brands | 8.7% |
| FIGSFIGS | 8.7% |
| COLMColumbia Sportswear | 6.0% |
| VFCV F | 2.9% |
| LEVILevi Strauss | 8.8% |
| LULUlululemon athletica inc. | 12.8% |
| GIIIG III Apparel | 4.8% |
| CRICarters | 6.5% |
| RLRalph Lauren | 11.8% |
| Peer median | 8.7% |
Where PVH ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on PVH
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.