PVH Corp.
PVH Consumer Cyclical Apparel Manufacturing
PVH Corp.’s revenue for fiscal 2026 (year ended January 2026) was $9.0 billion, up 3.44% from fiscal 2025. In the quarter to July 2026, revenue fell 3.24%, EPS fell 148.2%, free cash flow grew 111.2% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
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PVH Corp. (PVH) Altman Z-score
PVH Corp.'s Altman Z-score for fiscal 2026 is 2.08, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.08 | (0.29) |
| FY2025 | 2.36 | (0.19) |
| FY2024 | 2.55 | 0.48 |
| FY2023 | 2.07 | (0.09) |
| FY2022 | 2.16 | 0.73 |
| FY2021 | 1.43 | (0.51) |
| FY2020 | 1.94 | (0.60) |
| FY2019 | 2.54 | (0.07) |
| FY2018 | 2.61 | 0.37 |
| FY2017 | 2.24 | 0.18 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.11 | — | 0.13 | |
| Retained earnings / total assets | 0.51 | — | 0.72 | |
| EBIT / total assets | 0.06 | — | 0.20 | |
| Market value of equity / total liabilities | 0.44 | — | 0.26 | |
| Sales / total assets | 0.77 | — | 0.77 | |
| Altman Z-score | Grey zone | 2.08 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.51 | ||
Z and Z″ put PVH Corp. in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| FIGS FIGS, Inc. compare | 10.1× |
| COLM Columbia Sportswear Company compare | 4.2× |
| KTB Kontoor Brands, Inc. compare | 3.0× |
| LEVI Levi Strauss & Co. compare | 3.0× |
| ZGN Ermenegildo Zegna N.V. compare | 2.2× |
| PVH PVH Corp. | 2.1× |
| VFC V.F. Corporation compare | 1.9× |
| UAA Under Armour, Inc. compare | 1.9× |
| UA Under Armour, Inc. compare | 1.8× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets