LEVI vs PVH: Levi Strauss & and PVH compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Levi Strauss & is the larger company, worth $7.0B, about 1.9 times PVH.
- Levi Strauss & grew revenue faster over the last year (+4.3% vs -3.2%).
- Levi Strauss & keeps more of each dollar of revenue as operating profit (11.3% vs 4.1%).
- On earnings, Levi Strauss & is the cheaper stock (13.4x vs 154.7x).
- Levi Strauss &'s price assumes faster free cash flow growth: about 7% a year, against -9% for PVH (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | LEVI | PVH |
|---|---|---|
| Market cap | $7.0B | $3.7B |
| Share price | $18.70 | $81.35 |
| Revenue (last fiscal year) | $6.3B | $9.0B |
| Free cash flow (last fiscal year) | $308M | $538M |
| Revenue growth, last year | +4.3% | -3.2% |
| Revenue growth per year, last 5 fiscal years | +2.2% | -0.6% |
| Operating margin | 11.3% | 4.1% |
| Net margin | 8.8% | -1.9% |
| Return on equity | 24.4% | -3.5% |
| P/E (trailing) | 13.4x | 154.7x |
| Price / free cash flow | 21.6x | 6.89x |
| EV / EBITDA | 8.84x | 12.1x |
| FCF growth the price implies | 6.6% | -9.3% |
| Dividend yield | 3.0% | 0.19% |
| Debt / equity | 1.87x | 1.38x |
| Fundamental grade | C | D |
| Superinvestors holding it | 3 | 6 |
| Insider purchases, last 12 months | 0 | 1 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Levi Strauss &
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $5.8B | $570M | 11.9% |
| 2022 | $6.2B | -$39M | 10.5% |
| 2023 | $5.8B | $122M | 6.1% |
| 2024 | $6.0B | $671M | 4.4% |
| 2025 | $6.3B | $308M | 10.8% |
PVH
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $9.2B | $803M | 11.8% |
| 2023 | $9.0B | -$251M | 5.2% |
| 2024 | $9.2B | $725M | 10.1% |
| 2025 | $8.7B | $582M | 8.9% |
| 2026 | $9.0B | $538M | 2.6% |
Where the revenue comes from
Levi Strauss & · by segments, 2025
Americas$3.3B52%
Europe$1.7B27%
Asia$1.1B18%
Other Brands$151M2%
PVH · by segments, 2026
EMEA Segment$4.3B48%
Americas Segment$2.7B31%
APAC Segment$1.5B17%
Licensing Segment$421M5%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open LEVI in InvestinglyQuestions
Which is bigger, Levi Strauss & or PVH?
Levi Strauss & (LEVI), at $7.0B against $3.7B.
Is LEVI or PVH cheaper?
By trailing P/E, Levi Strauss & (13.4x) is cheaper than PVH (154.7x). A lower multiple can also mean the market expects less growth.
Which grows faster, LEVI or PVH?
Levi Strauss &: revenue grew +4.3% over the last year, against -3.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.