Columbia Sportswear Company (COLM) vs PVH Corp. (PVH)

Columbia Sportswear Company and PVH Corp. are both Apparel Manufacturing companies. PVH Corp. is the larger, with a market value of $3.5B against $2.9B — 1.2× the size. PVH Corp. has negative trailing earnings, so its P/E is not meaningful; Columbia Sportswear Company trades at 14.9×. PVH Corp. grew revenue faster over the last twelve months: 1.64% against −0.15%. Columbia Sportswear Company has the higher net margin (6.05% vs −1.89%) and the higher return on invested capital (16.4% vs 3.74%). Both pay a dividend; Columbia Sportswear Company yields more (1.52% vs 0.10%). Across the 22 metrics below, Columbia Sportswear Company leads on 14 and PVH Corp. on 8.

Valuation

Metric COLM PVH Apparel Manufacturing median
P/E 14.92 n/m 17.21
P/S 0.87 0.39 0.44
P/B 1.84 0.73 1.58
Price to free cash flow 9.17 4.65 9.18
EV/EBITDA 8.45 4.52 8.64
EV/Sales 0.78 0.54 0.54
Earnings yield 6.70% (4.87%) 0.00%
Free cash flow yield 10.90% 21.49% 9.25%

Profitability

Metric COLM PVH Apparel Manufacturing median
Gross margin 52.16% 58.78% 48.31%
Operating margin 7.54% 4.07% 2.46%
Net margin 6.05% (1.89%) (0.46%)
Free cash flow margin 9.43% 8.44% 5.26%
Return on equity 12.66% (3.50%) 4.29%
Return on assets 7.24% (1.47%) 0.00%
Return on invested capital 16.44% 3.74% 0.00%

Growth

Metric COLM PVH Apparel Manufacturing median
Revenue growth (TTM) (0.15%) 1.64% 0.02%
EPS growth (last fiscal year) (15.18%) (95.08%) —
Revenue growth, 5-year CAGR 6.31% 4.64% 6.76%
Net income growth, 5-year CAGR 10.41% 0.00% 0.00%

Health

Metric COLM PVH Apparel Manufacturing median
Debt to equity 0.00 0.47 0.23
Current ratio 2.49 1.65 1.81
Net debt to EBITDA (3.00) 1.10 (0.43)

Dividend

Metric COLM PVH Apparel Manufacturing median
Dividend yield 1.52% 0.10% 2.76%
Payout ratio 0.26 0.05 0.07

Size

Metric COLM PVH Apparel Manufacturing median
Market cap 2.92b 3.49b 402.31m

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