Does PVH Corp. have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores PVH Corp. (PVH) 46.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 92, returns on capital 28, balance-sheet safety 12, capital discipline 40.

How has PVH's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 46.7 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

PVH Corp.

PVH · Consumer Discretionary · FY2026 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power92

Median gross margin 55.9% over 10y, very stable.

Returns on capital28

Median ROIC 8.3%, above the 9% hurdle in 40% of years.

Balance-sheet safety12

Net debt/EBITDA 3.2x, interest coverage 2x.

Capital discipline40

Owner earnings -14.3%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): $717.5M
Est. intrinsic value / share: —
Recent price: $78.15
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

19 years of fundamentals

The business, in plain English

PVH Corp. booked $9.0B of revenue in FY2026 in the Consumer Discretionary sector and kept 57.5% of it as gross profit — a high-margin business by that measure. After every other cost, 0.3% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $2.5B (FY2009) to $9.0B (FY2026) — about 7.8% a year compounded over 17 years.

It earned 2.3% on invested capital in FY2026, with a median of 7.8% across 13 filed years. The Returns on Capital filter above scores it 28/100.

The balance sheet carried $2.3B of total debt in FY2026 against $155.6M of owner earnings — roughly 14.8 years of owner earnings to retire it all. Balance-Sheet Safety scores it 12/100.

The share count fell 31.7% between FY2010 and FY2025 — management has been retiring shares, which concentrates each remaining owner's claim. Capital Discipline scores it 40/100.

Put together: Pricing Power is the strongest of the four filters (92/100) and Balance-Sheet Safety the weakest (12/100), which is how PVH lands at 47/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$9.0B FY2026

Gross marginRevenue kept after cost of goods57.5% FY2026

Return on invested capitalOperating profit on the capital employed2.3% FY2026

Owner earningsCash an owner could take out$155.6M FY2026

Gaps in a line mean that item isn’t in PVH’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale46.7 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — PVH has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#174 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#172HAS HASBRO, INC.47.1 out of 100, Shallow moatShallow moat
#173AERT Aeries Technology, Inc.46.9 out of 100, Shallow moatShallow moat
#175LIVE Live Ventures Incorporated46.7 out of 100, Shallow moatShallow moat
#176ICFI ICF International, Inc.46.3 out of 100, Shallow moatShallow moat

Compare PVH with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about PVH

Does PVH Corp. have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores PVH Corp. (PVH) 46.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 92, returns on capital 28, balance-sheet safety 12, capital discipline 40.
How has PVH's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 46.7 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell PVH. See the disclaimer.