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Side-by-side financial comparison of KeyCorp (KEY) 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 $2.0B, roughly 1.1× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs 0.2%, a 25.3% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 1.7%). KeyCorp produced more free cash flow last quarter ($2.1B vs $-85.1M).

Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.

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.

KEY vs PVH — Head-to-Head

Bigger by revenue
PVH
PVH
1.1× larger
PVH
$2.3B
$2.0B
KEY
Growing faster (revenue YoY)
KEY
KEY
+130.1% gap
KEY
131.8%
1.7%
PVH
Higher net margin
KEY
KEY
25.3% more per $
KEY
25.4%
0.2%
PVH
More free cash flow
KEY
KEY
$2.2B more FCF
KEY
$2.1B
$-85.1M
PVH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
KEY
KEY
PVH
PVH
Revenue
$2.0B
$2.3B
Net Profit
$510.0M
$4.2M
Gross Margin
56.3%
Operating Margin
32.3%
7.9%
Net Margin
25.4%
0.2%
Revenue YoY
131.8%
1.7%
Net Profit YoY
309.0%
-96.8%
EPS (diluted)
$0.43
$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
KEY
KEY
PVH
PVH
Q4 25
$2.0B
$2.3B
Q3 25
$1.9B
$2.2B
Q2 25
$1.8B
$2.0B
Q1 25
$1.8B
Q4 24
$865.0M
Q3 24
$695.0M
Q2 24
$1.5B
Q1 24
$1.5B
Net Profit
KEY
KEY
PVH
PVH
Q4 25
$510.0M
$4.2M
Q3 25
$489.0M
$224.2M
Q2 25
$425.0M
$-44.8M
Q1 25
$405.0M
Q4 24
$-244.0M
Q3 24
$-410.0M
Q2 24
$274.0M
Q1 24
$219.0M
Gross Margin
KEY
KEY
PVH
PVH
Q4 25
56.3%
Q3 25
57.7%
Q2 25
58.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
KEY
KEY
PVH
PVH
Q4 25
32.3%
7.9%
Q3 25
31.8%
6.1%
Q2 25
29.3%
-16.7%
Q1 25
29.0%
Q4 24
-92.6%
Q3 24
-72.8%
Q2 24
22.0%
Q1 24
18.1%
Net Margin
KEY
KEY
PVH
PVH
Q4 25
25.4%
0.2%
Q3 25
25.8%
10.3%
Q2 25
23.1%
-2.3%
Q1 25
22.8%
Q4 24
-54.7%
Q3 24
-59.0%
Q2 24
18.0%
Q1 24
14.3%
EPS (diluted)
KEY
KEY
PVH
PVH
Q4 25
$0.43
$0.09
Q3 25
$0.41
$4.63
Q2 25
$0.35
$-0.88
Q1 25
$0.33
Q4 24
$-0.30
Q3 24
$-0.47
Q2 24
$0.25
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
KEY
KEY
PVH
PVH
Cash + ST InvestmentsLiquidity on hand
$10.2B
$158.2M
Total DebtLower is stronger
$9.9B
$2.3B
Stockholders' EquityBook value
$20.4B
$4.9B
Total Assets
$184.4B
$11.4B
Debt / EquityLower = less leverage
0.49×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEY
KEY
PVH
PVH
Q4 25
$10.2B
$158.2M
Q3 25
$13.3B
$248.8M
Q2 25
$11.6B
$191.0M
Q1 25
$15.3B
Q4 24
$17.5B
Q3 24
$22.8B
Q2 24
$15.5B
Q1 24
$13.2B
Total Debt
KEY
KEY
PVH
PVH
Q4 25
$9.9B
$2.3B
Q3 25
$10.9B
$2.3B
Q2 25
$12.1B
$2.2B
Q1 25
$12.4B
Q4 24
$12.1B
Q3 24
$15.7B
Q2 24
$16.9B
Q1 24
$20.8B
Stockholders' Equity
KEY
KEY
PVH
PVH
Q4 25
$20.4B
$4.9B
Q3 25
$20.1B
$4.9B
Q2 25
$19.5B
$4.6B
Q1 25
$19.0B
Q4 24
$18.2B
Q3 24
$16.9B
Q2 24
$14.8B
Q1 24
$14.5B
Total Assets
KEY
KEY
PVH
PVH
Q4 25
$184.4B
$11.4B
Q3 25
$187.4B
$11.6B
Q2 25
$185.5B
$10.7B
Q1 25
$188.7B
Q4 24
$187.2B
Q3 24
$189.8B
Q2 24
$187.4B
Q1 24
$187.5B
Debt / Equity
KEY
KEY
PVH
PVH
Q4 25
0.49×
0.46×
Q3 25
0.54×
0.47×
Q2 25
0.62×
0.48×
Q1 25
0.65×
Q4 24
0.67×
Q3 24
0.93×
Q2 24
1.14×
Q1 24
1.43×

Cash Flow & Capital Efficiency

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

Metric
KEY
KEY
PVH
PVH
Operating Cash FlowLast quarter
$2.2B
$-44.5M
Free Cash FlowOCF − Capex
$2.1B
$-85.1M
FCF MarginFCF / Revenue
104.8%
-3.7%
Capex IntensityCapex / Revenue
5.3%
1.8%
Cash ConversionOCF / Net Profit
4.33×
-10.60×
TTM Free Cash FlowTrailing 4 quarters
$3.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEY
KEY
PVH
PVH
Q4 25
$2.2B
$-44.5M
Q3 25
$396.0M
$213.1M
Q2 25
$1.2B
$-71.4M
Q1 25
$-140.0M
Q4 24
$664.0M
Q3 24
$-1.2B
Q2 24
$-217.0M
Q1 24
$359.0M
Free Cash Flow
KEY
KEY
PVH
PVH
Q4 25
$2.1B
$-85.1M
Q3 25
$367.0M
$181.9M
Q2 25
$1.2B
$-98.1M
Q1 25
$-150.0M
Q4 24
$599.0M
Q3 24
$-1.2B
Q2 24
$-230.0M
Q1 24
$347.0M
FCF Margin
KEY
KEY
PVH
PVH
Q4 25
104.8%
-3.7%
Q3 25
19.4%
8.4%
Q2 25
65.8%
-4.9%
Q1 25
-8.5%
Q4 24
69.2%
Q3 24
-175.8%
Q2 24
-15.1%
Q1 24
22.6%
Capex Intensity
KEY
KEY
PVH
PVH
Q4 25
5.3%
1.8%
Q3 25
1.5%
1.4%
Q2 25
1.3%
1.3%
Q1 25
0.6%
Q4 24
7.5%
Q3 24
2.4%
Q2 24
0.9%
Q1 24
0.8%
Cash Conversion
KEY
KEY
PVH
PVH
Q4 25
4.33×
-10.60×
Q3 25
0.81×
0.95×
Q2 25
2.90×
Q1 25
-0.35×
Q4 24
Q3 24
Q2 24
-0.79×
Q1 24
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KEY
KEY

Segment breakdown not available.

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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