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Side-by-side financial comparison of eXp World Holdings, Inc. (EXPI) and PVH CORP. (PVH). Click either name above to swap in a different company.

PVH CORP. is the larger business by last-quarter revenue ($2.3B vs $1.2B, roughly 1.9× eXp World Holdings, Inc.). PVH CORP. runs the higher net margin — 0.2% vs -1.1%, a 1.3% gap on every dollar of revenue. On growth, eXp World Holdings, Inc. posted the faster year-over-year revenue change (8.5% vs 1.7%). eXp World Holdings, Inc. produced more free cash flow last quarter ($11.9M vs $-85.1M).

eXp World Holdings, Inc. is a global cloud-based real estate services provider. It operates the eXp Realty brokerage network, leverages immersive virtual 3D campus environments to support agent collaboration and operations, serves residential and commercial real estate markets across over 20 countries, and offers complementary services including mortgage, title insurance and professional development resources for real estate practitioners.

PVH Corp., formerly known as the Phillips-Van Heusen Corporation, is an American clothing company which owns brands such as Tommy Hilfiger and Calvin Klein. The company also licenses brands such as Kenneth Cole New York and Michael Kors.

EXPI vs PVH — Head-to-Head

Bigger by revenue
PVH
PVH
1.9× larger
PVH
$2.3B
$1.2B
EXPI
Growing faster (revenue YoY)
EXPI
EXPI
+6.8% gap
EXPI
8.5%
1.7%
PVH
Higher net margin
PVH
PVH
1.3% more per $
PVH
0.2%
-1.1%
EXPI
More free cash flow
EXPI
EXPI
$97.0M more FCF
EXPI
$11.9M
$-85.1M
PVH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EXPI
EXPI
PVH
PVH
Revenue
$1.2B
$2.3B
Net Profit
$-12.9M
$4.2M
Gross Margin
56.3%
Operating Margin
-1.1%
7.9%
Net Margin
-1.1%
0.2%
Revenue YoY
8.5%
1.7%
Net Profit YoY
-35.7%
-96.8%
EPS (diluted)
$-0.08
$0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EXPI
EXPI
PVH
PVH
Q4 25
$1.2B
$2.3B
Q3 25
$1.3B
$2.2B
Q2 25
$1.3B
$2.0B
Q1 25
$954.9M
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.3B
Q1 24
$943.1M
Net Profit
EXPI
EXPI
PVH
PVH
Q4 25
$-12.9M
$4.2M
Q3 25
$3.5M
$224.2M
Q2 25
$-2.3M
$-44.8M
Q1 25
$-11.0M
Q4 24
$-9.5M
Q3 24
$-8.5M
Q2 24
$12.4M
Q1 24
$-15.6M
Gross Margin
EXPI
EXPI
PVH
PVH
Q4 25
56.3%
Q3 25
57.7%
Q2 25
58.6%
Q1 25
Q4 24
Q3 24
99.9%
Q2 24
99.9%
Q1 24
Operating Margin
EXPI
EXPI
PVH
PVH
Q4 25
-1.1%
7.9%
Q3 25
0.3%
6.1%
Q2 25
-0.2%
-16.7%
Q1 25
-1.1%
Q4 24
-1.0%
Q3 24
-0.7%
Q2 24
1.4%
Q1 24
-1.9%
Net Margin
EXPI
EXPI
PVH
PVH
Q4 25
-1.1%
0.2%
Q3 25
0.3%
10.3%
Q2 25
-0.2%
-2.3%
Q1 25
-1.2%
Q4 24
-0.9%
Q3 24
-0.7%
Q2 24
1.0%
Q1 24
-1.7%
EPS (diluted)
EXPI
EXPI
PVH
PVH
Q4 25
$-0.08
$0.09
Q3 25
$0.02
$4.63
Q2 25
$-0.01
$-0.88
Q1 25
$-0.07
Q4 24
$-0.06
Q3 24
$-0.06
Q2 24
$0.08
Q1 24
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EXPI
EXPI
PVH
PVH
Cash + ST InvestmentsLiquidity on hand
$124.2M
$158.2M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$242.8M
$4.9B
Total Assets
$442.5M
$11.4B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPI
EXPI
PVH
PVH
Q4 25
$124.2M
$158.2M
Q3 25
$112.8M
$248.8M
Q2 25
$94.6M
$191.0M
Q1 25
$115.7M
Q4 24
$113.6M
Q3 24
$130.4M
Q2 24
$108.4M
Q1 24
$109.2M
Total Debt
EXPI
EXPI
PVH
PVH
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EXPI
EXPI
PVH
PVH
Q4 25
$242.8M
$4.9B
Q3 25
$235.3M
$4.9B
Q2 25
$218.4M
$4.6B
Q1 25
$212.0M
Q4 24
$204.9M
Q3 24
$211.1M
Q2 24
$220.3M
Q1 24
$222.4M
Total Assets
EXPI
EXPI
PVH
PVH
Q4 25
$442.5M
$11.4B
Q3 25
$458.7M
$11.6B
Q2 25
$481.2M
$10.7B
Q1 25
$435.8M
Q4 24
$390.7M
Q3 24
$432.6M
Q2 24
$457.4M
Q1 24
$426.7M
Debt / Equity
EXPI
EXPI
PVH
PVH
Q4 25
0.46×
Q3 25
0.47×
Q2 25
0.48×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EXPI
EXPI
PVH
PVH
Operating Cash FlowLast quarter
$13.8M
$-44.5M
Free Cash FlowOCF − Capex
$11.9M
$-85.1M
FCF MarginFCF / Revenue
1.0%
-3.7%
Capex IntensityCapex / Revenue
0.2%
1.8%
Cash ConversionOCF / Net Profit
-10.60×
TTM Free Cash FlowTrailing 4 quarters
$109.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPI
EXPI
PVH
PVH
Q4 25
$13.8M
$-44.5M
Q3 25
$28.9M
$213.1M
Q2 25
$36.1M
$-71.4M
Q1 25
$39.8M
Q4 24
$13.7M
Q3 24
$46.0M
Q2 24
$71.1M
Q1 24
$60.7M
Free Cash Flow
EXPI
EXPI
PVH
PVH
Q4 25
$11.9M
$-85.1M
Q3 25
$26.6M
$181.9M
Q2 25
$33.3M
$-98.1M
Q1 25
$37.3M
Q4 24
$11.6M
Q3 24
$44.4M
Q2 24
$69.7M
Q1 24
$59.3M
FCF Margin
EXPI
EXPI
PVH
PVH
Q4 25
1.0%
-3.7%
Q3 25
2.0%
8.4%
Q2 25
2.5%
-4.9%
Q1 25
3.9%
Q4 24
1.1%
Q3 24
3.6%
Q2 24
5.4%
Q1 24
6.3%
Capex Intensity
EXPI
EXPI
PVH
PVH
Q4 25
0.2%
1.8%
Q3 25
0.2%
1.4%
Q2 25
0.2%
1.3%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
EXPI
EXPI
PVH
PVH
Q4 25
-10.60×
Q3 25
8.26×
0.95×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
5.75×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EXPI
EXPI

North American Realty$1.1B96%
International Realty$42.2M4%

PVH
PVH

Sales Channel Salesto Wholesale Customers$1.0B44%
Sales Channel Sales To Owned And Operated Retail Customers$868.0M38%
Sales Channel Sales To Owned And Operated Digital Retail Customers$186.6M8%
Licensing$99.5M4%
Other$75.8M3%
Heritage Brands$51.3M2%

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