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Side-by-side financial comparison of PVH CORP. (PVH) and Snap Inc (SNAP). Click either name above to swap in a different company.
PVH CORP. is the larger business by last-quarter revenue ($2.3B vs $1.7B, roughly 1.3× Snap Inc). Snap Inc runs the higher net margin — 2.6% vs 0.2%, a 2.5% gap on every dollar of revenue. On growth, Snap Inc posted the faster year-over-year revenue change (10.2% vs 1.7%). Snap Inc produced more free cash flow last quarter ($205.6M vs $-85.1M).
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.
Snap Inc. is an American technology company, founded on September 16, 2011, by Evan Spiegel, Bobby Murphy, and Reggie Brown, based in Santa Monica, California. The company developed and maintains technological products and services, namely Snapchat, Spectacles, Bitmoji, and SnapBoost. The company was named Snapchat Inc. at its inception, but it was rebranded Snap Inc. on September 24, 2016, to include the Spectacles product under the company name.
PVH vs SNAP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $2.3B | $1.7B |
| Net Profit | $4.2M | $45.2M |
| Gross Margin | 56.3% | 59.1% |
| Operating Margin | 7.9% | 2.9% |
| Net Margin | 0.2% | 2.6% |
| Revenue YoY | 1.7% | 10.2% |
| Net Profit YoY | -96.8% | 396.7% |
| EPS (diluted) | $0.09 | $0.03 |
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.
| Q4 25 | $2.3B | $1.7B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $4.2M | $45.2M | ||
| Q3 25 | $224.2M | $-103.5M | ||
| Q2 25 | $-44.8M | $-262.6M | ||
| Q1 25 | — | $-139.6M | ||
| Q4 24 | — | $9.1M | ||
| Q3 24 | — | $-153.2M | ||
| Q2 24 | — | $-248.6M | ||
| Q1 24 | — | $-305.1M |
| Q4 25 | 56.3% | 59.1% | ||
| Q3 25 | 57.7% | 55.3% | ||
| Q2 25 | 58.6% | 51.4% | ||
| Q1 25 | — | 53.1% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 52.4% | ||
| Q1 24 | — | 51.9% |
| Q4 25 | 7.9% | 2.9% | ||
| Q3 25 | 6.1% | -8.5% | ||
| Q2 25 | -16.7% | -19.3% | ||
| Q1 25 | — | -14.2% | ||
| Q4 24 | — | -1.7% | ||
| Q3 24 | — | -12.6% | ||
| Q2 24 | — | -20.5% | ||
| Q1 24 | — | -27.9% |
| Q4 25 | 0.2% | 2.6% | ||
| Q3 25 | 10.3% | -6.9% | ||
| Q2 25 | -2.3% | -19.5% | ||
| Q1 25 | — | -10.2% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | -11.2% | ||
| Q2 24 | — | -20.1% | ||
| Q1 24 | — | -25.5% |
| Q4 25 | $0.09 | $0.03 | ||
| Q3 25 | $4.63 | $-0.06 | ||
| Q2 25 | $-0.88 | $-0.16 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 24 | — | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $158.2M | $2.9B |
| Total DebtLower is stronger | $2.3B | $3.5B |
| Stockholders' EquityBook value | $4.9B | $2.3B |
| Total Assets | $11.4B | $7.7B |
| Debt / EquityLower = less leverage | 0.46× | 1.55× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $158.2M | $2.9B | ||
| Q3 25 | $248.8M | $3.0B | ||
| Q2 25 | $191.0M | $2.9B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | $2.3B | $3.5B | ||
| Q3 25 | $2.3B | $3.5B | ||
| Q2 25 | $2.2B | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.3B |
| Q4 25 | $4.9B | $2.3B | ||
| Q3 25 | $4.9B | $2.2B | ||
| Q2 25 | $4.6B | $2.1B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | $11.4B | $7.7B | ||
| Q3 25 | $11.6B | $7.6B | ||
| Q2 25 | $10.7B | $7.4B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | — | $7.9B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.4B | ||
| Q1 24 | — | $7.2B |
| Q4 25 | 0.46× | 1.55× | ||
| Q3 25 | 0.47× | 1.59× | ||
| Q2 25 | 0.48× | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.76× | ||
| Q1 24 | — | 1.55× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | ||
|---|---|---|
| Operating Cash FlowLast quarter | $-44.5M | $269.6M |
| Free Cash FlowOCF − Capex | $-85.1M | $205.6M |
| FCF MarginFCF / Revenue | -3.7% | 12.0% |
| Capex IntensityCapex / Revenue | 1.8% | 3.7% |
| Cash ConversionOCF / Net Profit | -10.60× | 5.96× |
| TTM Free Cash FlowTrailing 4 quarters | — | $437.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-44.5M | $269.6M | ||
| Q3 25 | $213.1M | $146.5M | ||
| Q2 25 | $-71.4M | $88.5M | ||
| Q1 25 | — | $151.6M | ||
| Q4 24 | — | $230.6M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | — | $-21.4M | ||
| Q1 24 | — | $88.4M |
| Q4 25 | $-85.1M | $205.6M | ||
| Q3 25 | $181.9M | $93.4M | ||
| Q2 25 | $-98.1M | $23.8M | ||
| Q1 25 | — | $114.4M | ||
| Q4 24 | — | $182.4M | ||
| Q3 24 | — | $71.8M | ||
| Q2 24 | — | $-73.4M | ||
| Q1 24 | — | $37.9M |
| Q4 25 | -3.7% | 12.0% | ||
| Q3 25 | 8.4% | 6.2% | ||
| Q2 25 | -4.9% | 1.8% | ||
| Q1 25 | — | 8.4% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | -5.9% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | 1.8% | 3.7% | ||
| Q3 25 | 1.4% | 3.5% | ||
| Q2 25 | 1.3% | 4.8% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.2% | ||
| Q1 24 | — | 4.2% |
| Q4 25 | -10.60× | 5.96× | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 25.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PVH
| Sales Channel Salesto Wholesale Customers | $1.0B | 44% |
| Sales Channel Sales To Owned And Operated Retail Customers | $868.0M | 38% |
| Sales Channel Sales To Owned And Operated Digital Retail Customers | $186.6M | 8% |
| Licensing | $99.5M | 4% |
| Other | $75.8M | 3% |
| Heritage Brands | $51.3M | 2% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |