PVH Corp.

PVH

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

1/31/2025

Revenue

8,653

Cost of Revenue

3,510

Gross Profit

5,143

Gross Margin

59.4%

Operating Income

731

Operating Margin

8.5%

Net Income

599

Net Margin

6.9%

EPS (Basic)

$10.69

EPS (Diluted)

$10.56

EBITDA

1,085

EBITDA Margin

12.5%

2024

1/31/2024

Revenue

9,218

Cost of Revenue

3,855

Gross Profit

5,363

Gross Margin

58.2%

Operating Income

935

Operating Margin

10.1%

Net Income

664

Net Margin

7.2%

EPS (Basic)

$10.88

EPS (Diluted)

$10.76

EBITDA

1,239

EBITDA Margin

13.4%

2023

1/31/2023

Revenue

9,024

Cost of Revenue

3,901

Gross Profit

5,123

Gross Margin

56.8%

Operating Income

586

Operating Margin

6.5%

Net Income

200

Net Margin

2.2%

EPS (Basic)

$3.05

EPS (Diluted)

$3.03

EBITDA

888

EBITDA Margin

9.8%

2022

1/31/2022

Revenue

9,155

Cost of Revenue

3,831

Gross Profit

5,324

Gross Margin

58.2%

Operating Income

764

Operating Margin

8.3%

Net Income

952

Net Margin

10.4%

EPS (Basic)

$13.45

EPS (Diluted)

$13.24

EBITDA

1,077

EBITDA Margin

11.8%

2021

1/31/2021

Revenue

7,133

Cost of Revenue

3,356

Gross Profit

3,777

Gross Margin

53.0%

Operating Income

-464

Operating Margin

-6.5%

Net Income

-1,138

Net Margin

-15.9%

EPS (Basic)

$-15.98

EPS (Diluted)

$-15.98

EBITDA

-753

EBITDA Margin

-10.6%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	8,653	9,218	9,024	9,155	7,133
Cost of Revenue	3,510	3,855	3,901	3,831	3,356
Gross Profit	5,143	5,363	5,123	5,324	3,777
Gross Margin	59.4%	58.2%	56.8%	58.2%	53.0%
Operating Income	731	935	586	764	-464
Operating Margin	8.5%	10.1%	6.5%	8.3%	-6.5%
Net Income	599	664	200	952	-1,138
Net Margin	6.9%	7.2%	2.2%	10.4%	-15.9%
EPS (Basic)	$10.69	$10.88	$3.05	$13.45	$-15.98
EPS (Diluted)	$10.56	$10.76	$3.03	$13.24	$-15.98
EBITDA	1,085	1,239	888	1,077	-753
EBITDA Margin	12.5%	13.4%	9.8%	11.8%	-10.6%