How do PVH CORP. and V F CORP compare by revenue?

PVH CORP. reported revenue of $2.3B in Q3 2026, while V F CORP reported $2.9B in Q3 2026. V F CORP is 1.3× larger by last-quarter revenue.

Which is growing revenue faster, PVH CORP. or V F CORP?

PVH CORP.'s latest revenue grew 1.7% year-over-year, versus 1.5% for V F CORP. PVH CORP. is growing faster on a YoY basis.

Which has a higher gross margin, PVH CORP. or V F CORP?

PVH CORP.'s gross margin is 56.3% vs V F CORP's 56.6%. V F CORP converts more of each revenue dollar into gross profit.

Which has a higher net margin, PVH CORP. or V F CORP?

PVH CORP.'s net margin is 0.2% vs V F CORP's 10.5%. V F CORP has the higher bottom-line margin.

Which generates more free cash flow, PVH CORP. or V F CORP?

PVH CORP. generated $-85.1M of free cash flow last quarter, versus $977.9M for V F CORP. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

Where does this PVH vs VFC data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of PVH CORP. (PVH) and V F CORP (VFC). Click either name above to swap in a different company.

V F CORP is the larger business by last-quarter revenue ($2.9B vs $2.3B, roughly 1.3× PVH CORP.). V F CORP runs the higher net margin — 10.5% vs 0.2%, a 10.3% gap on every dollar of revenue. On growth, PVH CORP. posted the faster year-over-year revenue change (1.7% vs 1.5%). V F CORP produced more free cash flow last quarter ($977.9M vs $-85.1M).

PVH CORP.PVHEarnings & Financial Report

NYSE · Consumer Discretionary · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments

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.

V F CORPVFCEarnings & Financial Report

NYSE · Consumer Discretionary · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments

The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.

PVH vs VFC — Head-to-Head

Bigger by revenue

VFC

1.3× larger

$2.9B

$2.3B

Growing faster (revenue YoY)

PVH

+0.3% gap

1.7%

1.5%

Higher net margin

VFC

10.3% more per $

10.5%

0.2%

More free cash flow

VFC

$1.1B more FCF

$977.9M

$-85.1M

Income Statement — Q3 2026 vs Q3 2026

Metric	PVH	VFC
Revenue	$2.3B	$2.9B
Net Profit	$4.2M	$300.8M
Gross Margin	56.3%	56.6%
Operating Margin	7.9%	10.1%
Net Margin	0.2%	10.5%
Revenue YoY	1.7%	1.5%
Net Profit YoY	-96.8%	79.3%
EPS (diluted)	$0.09	$0.76

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

PVH

VFC

Q4 25	$2.3B	$2.9B
Q3 25	$2.2B	$2.8B
Q2 25	$2.0B	$1.8B
Q1 25	—	$2.0B
Q4 24	—	$2.8B
Q3 24	—	$2.8B
Q2 24	—	$1.9B
Q1 24	—	$2.4B

Net Profit

PVH

VFC

Q4 25	$4.2M	$300.8M
Q3 25	$224.2M	$189.8M
Q2 25	$-44.8M	$-116.4M
Q1 25	—	$-150.8M
Q4 24	—	$167.8M
Q3 24	—	$52.2M
Q2 24	—	$-258.9M
Q1 24	—	$-418.3M

Gross Margin

PVH

VFC

Q4 25	56.3%	56.6%
Q3 25	57.7%	52.2%
Q2 25	58.6%	53.9%
Q1 25	—	52.7%
Q4 24	—	56.3%
Q3 24	—	52.2%
Q2 24	—	52.0%
Q1 24	—	48.4%

Operating Margin

PVH

VFC

Q4 25	7.9%	10.1%
Q3 25	6.1%	11.2%
Q2 25	-16.7%	-4.9%
Q1 25	—	2.2%
Q4 24	—	8.0%
Q3 24	—	9.9%
Q2 24	—	-12.6%
Q1 24	—	-15.0%

Net Margin

PVH

VFC

Q4 25	0.2%	10.5%
Q3 25	10.3%	6.8%
Q2 25	-2.3%	-6.6%
Q1 25	—	-7.5%
Q4 24	—	5.9%
Q3 24	—	1.9%
Q2 24	—	-13.6%
Q1 24	—	-17.6%

EPS (diluted)

PVH

VFC

Q4 25	$0.09	$0.76
Q3 25	$4.63	$0.48
Q2 25	$-0.88	$-0.30
Q1 25	—	$-0.37
Q4 24	—	$0.43
Q3 24	—	$0.13
Q2 24	—	$-0.67
Q1 24	—	$-1.07

Balance Sheet & Financial Strength

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

Metric	PVH	VFC
Cash + ST InvestmentsLiquidity on hand	$158.2M	$1.5B
Total DebtLower is stronger	$2.3B	$3.6B
Stockholders' EquityBook value	$4.9B	$1.8B
Total Assets	$11.4B	$10.4B
Debt / EquityLower = less leverage	0.46×	1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

PVH

VFC

Q4 25	$158.2M	$1.5B
Q3 25	$248.8M	$419.1M
Q2 25	$191.0M	$642.4M
Q1 25	—	$429.4M
Q4 24	—	$1.4B
Q3 24	—	$492.2M
Q2 24	—	$637.4M
Q1 24	—	$674.6M

Total Debt

PVH

VFC

Q4 25	$2.3B	$3.6B
Q3 25	$2.3B	$3.5B
Q2 25	$2.2B	$3.6B
Q1 25	—	$3.4B
Q4 24	—	$3.9B
Q3 24	—	$4.0B
Q2 24	—	$3.9B
Q1 24	—	$4.7B

Stockholders' Equity

PVH

VFC

Q4 25	$4.9B	$1.8B
Q3 25	$4.9B	$1.5B
Q2 25	$4.6B	$1.3B
Q1 25	—	$1.5B
Q4 24	—	$1.7B
Q3 24	—	$1.4B
Q2 24	—	$1.4B
Q1 24	—	$1.7B

Total Assets

PVH

VFC

Q4 25	$11.4B	$10.4B
Q3 25	$11.6B	$10.6B
Q2 25	$10.7B	$10.2B
Q1 25	—	$9.4B
Q4 24	—	$10.6B
Q3 24	—	$12.2B
Q2 24	—	$11.5B
Q1 24	—	$11.6B

Debt / Equity

PVH

VFC

Q4 25	0.46×	1.99×
Q3 25	0.47×	2.40×
Q2 25	0.48×	2.76×
Q1 25	—	2.30×
Q4 24	—	2.31×
Q3 24	—	2.86×
Q2 24	—	2.84×
Q1 24	—	2.84×

Cash Flow & Capital Efficiency

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

Metric	PVH	VFC
Operating Cash FlowLast quarter	$-44.5M	$1.0B
Free Cash FlowOCF − Capex	$-85.1M	$977.9M
FCF MarginFCF / Revenue	-3.7%	34.0%
Capex IntensityCapex / Revenue	1.8%	1.1%
Cash ConversionOCF / Net Profit	-10.60×	3.36×
TTM Free Cash FlowTrailing 4 quarters	—	$357.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow

PVH

VFC

Q4 25	$-44.5M	$1.0B
Q3 25	$213.1M	$-227.0M
Q2 25	$-71.4M	$-145.5M
Q1 25	—	$-171.1M
Q4 24	—	$918.1M
Q3 24	—	$-301.6M
Q2 24	—	$19.8M
Q1 24	—	—

Free Cash Flow

PVH

VFC

Q4 25	$-85.1M	$977.9M
Q3 25	$181.9M	$-253.5M
Q2 25	$-98.1M	$-173.7M
Q1 25	—	$-193.0M
Q4 24	—	$899.7M
Q3 24	—	$-322.4M
Q2 24	—	$-5.4M
Q1 24	—	—

FCF Margin

PVH

VFC

Q4 25	-3.7%	34.0%
Q3 25	8.4%	-9.0%
Q2 25	-4.9%	-9.9%
Q1 25	—	-9.6%
Q4 24	—	31.7%
Q3 24	—	-11.7%
Q2 24	—	-0.3%
Q1 24	—	—

Capex Intensity

PVH

VFC

Q4 25	1.8%	1.1%
Q3 25	1.4%	0.9%
Q2 25	1.3%	1.6%
Q1 25	—	1.1%
Q4 24	—	0.6%
Q3 24	—	0.8%
Q2 24	—	1.3%
Q1 24	—	—

Cash Conversion

PVH

VFC

Q4 25	-10.60×	3.36×
Q3 25	0.95×	-1.20×
Q2 25	—	—
Q1 25	—	—
Q4 24	—	5.47×
Q3 24	—	-5.78×
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%