VF (VFC) Financials

$13.45 -0.10 (-0.75%)

As of 09:31 AM Eastern

Annual Income Statements for VF

This table shows VF's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	12/30/2017	12/31/2016	1/2/2016
Net Income / (Loss) Attributable to Common Shareholders	-969	119	1,387	408	679	1,260	615	1,074	1,232
Consolidated Net Income / (Loss)	-969	119	1,387	408	679	1,260	615	1,074	1,232
Net Income / (Loss) Continuing Operations	-969	119	1,216	355	629	870	268	1,079	1,217
Total Pre-Tax Income	-234	43	1,523	456	727	1,038	788	1,285	1,564
Total Operating Income	-34	328	1,632	608	928	1,190	883	1,455	1,645
Total Gross Profit	5,437	6,097	6,455	4,868	5,798	5,611	4,545	5,436	5,393
Total Revenue	10,455	11,612	11,842	9,239	10,489	10,267	8,395	11,026	10,996
Operating Revenue	10,455	11,612	11,842	9,239	10,489	10,267	8,395	11,026	10,996
Total Cost of Revenue	5,017	5,516	5,386	4,371	4,691	4,656	3,849	5,590	5,604
Operating Cost of Revenue	5,017	5,516	5,386	4,371	4,691	4,656	3,849	5,590	5,604
Total Operating Expenses	5,471	5,769	4,823	4,260	4,870	4,420	3,662	3,981	3,748
Selling, General & Admin Expense	4,964	5,034	4,823	4,240	4,547	4,420	3,662	3,901	3,748
Impairment Charge	508	735	0.00	20	323	0.00	0.00	80	0.00
Total Other Income / (Expense), net	-200	-284	-109	-151	-201	-152	-95	-171	-81
Interest Expense	245	174	140	136	152	108	102	95	89
Interest & Investment Income	22	9.76	5.01	9.16	20	15	13	9.18	7.15
Other Income / (Expense), net	24	-120	26	-25	-69	-59	-6.52	-85	1.03
Income Tax Expense	735	-75	307	102	98	168	520	206	347
Net Income / (Loss) Discontinued Operations	0.00	0.00	171	53	50	389	347	-4.75	15
Basic Earnings per Share	($2.49)	$0.31	$3.55	$1.05	$1.72	$3.19	$1.54	$2.58	$2.90
Weighted Average Basic Shares Outstanding	388.36M	387.76M	390.29M	389.66M	395.41M	395.19M	399.22M	416.10M	424.47M
Diluted Earnings per Share	($2.49)	$0.31	$3.53	$1.04	$1.70	$3.15	$1.52	$2.54	$2.85
Weighted Average Diluted Shares Outstanding	388.36M	388.37M	392.41M	392.12M	399.94M	400.50M	403.56M	422.08M	424.47M
Weighted Average Basic & Diluted Shares Outstanding	388.89M	388.68M	388.32M	392.15M	388.85M	394.90M	399.30M	414.09M	424.47M
Cash Dividends to Common per Share	$0.78	$1.81	$1.98	$1.94	$1.90	$1.94	$1.72	$1.53	$1.33

This table shows VF's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022	7/2/2022
Net Income / (Loss) Attributable to Common Shareholders	168	52	-259	-418	-42	-451	-57	-215	508	-118	-56
Consolidated Net Income / (Loss)	168	52	-259	-418	-42	-451	-57	-215	508	-118	-56
Net Income / (Loss) Continuing Operations	169	203	-259	-368	-92	-452	-57	-215	508	-118	-56
Total Pre-Tax Income	197	231	-298	-367	-111	307	-62	-216	456	-134	-63
Total Operating Income	226	274	-240	-284	-91	351	-8.99	-161	516	-91	63
Total Gross Profit	1,595	1,441	992	1,327	1,519	1,490	1,101	1,358	1,938	1,582	1,219
Total Revenue	2,834	2,758	1,907	2,668	2,780	2,920	2,086	2,740	3,531	3,081	2,262
Operating Revenue	2,834	2,758	1,907	2,668	2,780	2,920	2,086	2,740	3,531	3,081	2,262
Total Cost of Revenue	1,239	1,317	916	1,341	1,261	1,430	985	1,382	1,593	1,498	1,043
Operating Cost of Revenue	1,239	1,317	916	1,341	1,261	1,430	985	1,382	1,593	1,498	1,043
Total Operating Expenses	1,369	1,167	1,232	1,612	1,610	1,139	1,110	1,519	1,422	1,673	1,155
Selling, General & Admin Expense	1,318	1,167	1,087	1,361	1,353	1,139	1,110	1,206	1,422	1,251	1,155
Impairment Charge	51	-	145	-	257	-	0.00	-	0.00	422	-
Total Other Income / (Expense), net	-29	-43	-58	-83	-20	-43	-53	-55	-60	-43	-126
Interest Expense	43	46	59	92	53	46	55	53	54	35	33
Interest & Investment Income	6.83	3.68	3.55	8.02	3.57	4.55	5.49	3.74	3.91	0.82	1.28
Other Income / (Expense), net	7.41	-0.66	-1.95	0.53	29	-2.18	-3.57	-5.88	-9.90	-9.28	-95
Income Tax Expense	28	28	-39	0.76	-20	759	-4.85	-1.11	-52	-16	-6.65
Net Income / (Loss) Discontinued Operations	-1.33	-150	-	-	49	0.95	-	-	-	-	-
Basic Earnings per Share	$0.43	$0.13	($0.67)	($1.07)	($0.11)	($1.16)	($0.15)	($0.55)	$1.31	($0.31)	($0.14)
Weighted Average Basic Shares Outstanding	389.22M	389.04M	388.74M	388.36M	388.38M	388.34M	388.16M	387.76M	387.74M	387.69M	387.56M
Diluted Earnings per Share	$0.43	$0.13	($0.67)	($1.07)	($0.11)	($1.16)	($0.15)	($0.55)	$1.31	($0.31)	($0.14)
Weighted Average Diluted Shares Outstanding	393.91M	390.95M	388.74M	388.36M	388.38M	388.34M	388.16M	388.37M	388.19M	387.69M	387.56M
Weighted Average Basic & Diluted Shares Outstanding	389.57M	389.32M	389.18M	388.89M	388.82M	388.88M	388.87M	388.68M	388.66M	388.57M	388.49M
Cash Dividends to Common per Share	$0.09	$0.09	$0.09	$0.09	$0.09	$0.30	$0.30	$0.30	$0.51	$0.50	$0.50

This table details how cash moves in and out of VF's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	12/30/2017	12/31/2016	1/2/2016
Net Change in Cash & Equivalents	-139	-461	426	-560	855	-133	-662	285	-26
Net Cash From Operating Activities	1,015	-656	864	1,313	875	1,664	1,475	1,481	1,204
Net Cash From Continuing Operating Activities	1,015	-656	858	1,233	800	1,240	1,018	1,481	1,204
Net Income / (Loss) Continuing Operations	-969	119	1,216	355	629	870	268	1,074	1,232
Consolidated Net Income / (Loss)	-969	119	1,387	408	679	1,260	615	1,074	1,232
Net Income / (Loss) Discontinued Operations	0.00	0.00	171	53	50	389	347	-	-
Depreciation Expense	319	262	267	269	268	256	238	282	272
Non-Cash Adjustments To Reconcile Net Income	1,891	1,250	451	528	964	93	94	343	-15
Changes in Operating Assets and Liabilities, net	-227	-2,287	-1,076	81	-1,060	21	417	-218	-286
Net Cash From Discontinued Operating Activities	0.00	0.00	6.09	80	74	424	457	-	-
Net Cash From Investing Activities	-172	-188	904	-2,896	-302	-221	-776	-112	-323
Net Cash From Continuing Investing Activities	-172	-188	904	-2,892	-285	-177	-737	-112	-323
Purchase of Property, Plant & Equipment	-146	-166	-245	-199	-288	-269	-140	-176	-318
Acquisitions	-65	-95	-79	-2,085	-46	-320	-804	-44	0.00
Sale of Property, Plant & Equipment	27	99	33	12	-	-	-	-	-
Divestitures	0.00	0.00	617	0.00	0.00	430	215	116	0.00
Sale and/or Maturity of Investments	0.00	0.00	599	200	0.00	0.00	-	-	-
Other Investing Activities, net	12	-26	-19	-20	49	18	-7.45	-8.33	-5.04
Net Cash From Discontinued Investing Activities	0.00	0.00	-0.53	-3.63	-17	-43	-39	-	-
Net Cash From Financing Activities	-960	464	-1,269	1,053	310	-1,591	-1,363	-1,077	-840
Net Cash From Continuing Financing Activities	-960	464	-1,269	1,053	310	-1,589	-1,363	-1,077	-840
Repayment of Debt	-909	-508	-507	-23	-656	-870	-254	-441	427
Repurchase of Common Equity	-2.85	-2.79	-313	0.00	-1,000	-151	-1,200	-1,000	-733
Payment of Dividends	-303	-703	-773	-757	-749	-767	-685	-636	-565
Issuance of Debt	255	1,734	324	1,778	1,653	-	686	1,001	0.00
Other Financing Activities, net	0.00	-57	0.00	0.00	906	-	0.00	-	-
Effect of Exchange Rate Changes	-22	-81	-73	-31	-27	15	2.97	-6.65	-67

This table details how cash moves in and out of VF's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022	7/2/2022
Net Change in Cash & Equivalents	857	-125	-37	-312	489	-308	-8.20	243	19	25	-748
Net Cash From Operating Activities	918	-302	20	-91	1,125	-183	164	178	80	-556	-358
Net Cash From Continuing Operating Activities	911	-322	20	39	1,036	-224	164	178	80	-556	-358
Net Income / (Loss) Continuing Operations	169	309	-259	-363	-92	-457	-57	-215	508	-118	-56
Consolidated Net Income / (Loss)	168	52	-259	-418	-42	-451	-57	-215	508	-118	-56
Net Income / (Loss) Discontinued Operations	-1.33	-	-	-56	49	-	-	-	-	-	-
Depreciation Expense	60	59	68	96	86	70	67	70	62	64	67
Non-Cash Adjustments To Reconcile Net Income	172	-37	239	411	347	1,017	116	400	85	553	213
Changes in Operating Assets and Liabilities, net	510	-652	-28	-105	694	-854	38	-77	-574	-1,054	-582
Net Cash From Discontinued Operating Activities	6.70	-	-	-131	89	-	-	-	-	-	-
Net Cash From Investing Activities	1,467	-9.77	-11	20	-42	-59	-91	19	-75	-62	-70
Net Cash From Continuing Investing Activities	1,467	-5.36	-11	12	-39	-55	-91	19	-75	-62	-70
Purchase of Property, Plant & Equipment	-18	-21	-25	-31	-21	-32	-62	-36	-40	-37	-53
Acquisitions	-3.48	-9.62	-16	-15	-9.33	-18	-23	-20	-28	-21	-27
Sale of Property, Plant & Equipment	11	31	46	26	0.10	-0.89	1.17	-	-	-	-
Other Investing Activities, net	-8.60	-6.06	-15	32	-8.84	-3.88	-7.14	-25	-7.27	-3.93	10
Net Cash From Financing Activities	-1,486	163	-37	-224	-610	-54	-72	45	9.96	670	-261
Net Cash From Continuing Financing Activities	-1,486	163	-37	-224	-610	-54	-72	45	9.96	670	-261
Repayment of Debt	-1,000	-0.28	-0.28	-0.27	-0.27	-908	-0.61	-6.24	-0.28	-1.07	-500
Payment of Dividends	-35	-35	-35	-35	-35	-117	-117	-117	-198	-194	-194
Issuance of Debt	-450	199	-0.23	-188	-574	971	47	168	209	865	492
Effect of Exchange Rate Changes	-43	23	-8.34	-17	16	-12	-9.33	1.69	3.38	-27	-59

This table presents VF's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	12/30/2017	12/31/2016	1/2/2016
Total Assets	11,613	13,990	13,342	13,754	11,133	10,357	9,959	9,739	9,640
Total Current Assets	4,227	5,153	4,588	4,786	5,027	4,673	4,378	4,293	4,163
Cash & Equivalents	656	815	1,276	816	1,369	402	563	1,228	944
Accounts Receivable	1,263	1,610	1,468	1,298	1,308	1,373	1,430	1,149	1,290
Inventories, net	1,698	2,293	1,419	1,062	1,294	1,173	1,707	1,425	1,555
Other Current Assets	493	435	426	424	445	426	297	294	284
Other Current Nonoperating Assets	116	-	-	588	611	1,300	381	198	89
Plant, Property, & Equipment, net	789	942	1,042	0.00	0.00	876	1,015	896	945
Total Noncurrent Assets	6,597	7,895	7,712	8,968	6,106	4,807	4,566	4,550	4,531
Goodwill	645	1,978	2,394	2,425	1,156	1,492	1,693	1,555	1,788
Intangible Assets	1,776	2,643	3,000	3,030	1,855	1,907	2,090	1,534	1,949
Other Noncurrent Operating Assets	2,466	3,274	2,318	3,513	3,096	768	784	922	584
Other Noncurrent Nonoperating Assets	1,710	-	-	-	-	640	-	539	210
Total Liabilities & Shareholders' Equity	11,613	13,990	13,342	13,754	11,133	10,357	9,959	9,739	9,640
Total Liabilities	9,955	11,080	9,812	10,698	7,776	6,058	6,239	4,798	4,255
Total Current Liabilities	3,457	3,546	3,315	2,210	3,024	2,662	2,744	1,785	1,942
Short-Term Debt	1,265	936	837	12	1,230	664	736	280	453
Accounts Payable	788	936	563	463	407	490	761	620	681
Accrued Expenses	1,324	1,674	1,916	1,610	1,260	1,125	1,147	812	782
Other Current Nonoperating Liabilities	80	-	-	125	127	382	101	73	26
Total Noncurrent Liabilities	6,498	7,534	6,496	8,487	4,752	3,397	3,495	3,013	2,313
Long-Term Debt	4,702	5,711	4,584	5,709	2,608	2,116	2,188	2,039	1,402
Other Noncurrent Operating Liabilities	1,723	1,823	1,912	2,778	2,144	1,235	1,307	886	900
Other Noncurrent Nonoperating Liabilities	72	-	-	-	-	46	-	88	11
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,658	2,911	3,530	3,056	3,357	4,299	3,720	4,941	5,385
Total Preferred & Common Equity	1,658	2,911	3,530	3,056	3,357	4,299	3,720	4,941	5,385
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,658	2,911	3,530	3,056	3,357	4,299	3,720	4,941	5,385
Common Stock	3,697	3,873	4,013	3,876	4,281	4,021	3,622	3,437	3,299
Retained Earnings	-975	57	443	190	7.31	1,180	1,024	2,545	3,129
Accumulated Other Comprehensive Income / (Loss)	-1,064	-1,020	-927	-1,009	-931	-902	-926	-1,041	-1,043

This table presents VF's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	12/30/2023	9/30/2023	7/1/2023	12/31/2022	10/1/2022	7/2/2022	1/1/2022
Total Assets	10,554	12,220	11,541	12,616	13,142	14,044	14,313	13,784	13,212	13,536
Total Current Assets	5,021	6,459	4,349	4,936	5,244	5,214	5,244	5,688	4,612	4,601
Cash & Equivalents	1,369	492	637	976	485	807	571	553	528	1,334
Accounts Receivable	1,343	1,820	1,056	1,306	1,882	1,214	1,565	1,835	1,250	1,496
Inventories, net	1,795	2,083	2,111	2,094	2,405	2,787	2,592	2,750	2,341	1,287
Other Current Assets	514	473	546	462	358	406	516	551	493	484
Other Current Nonoperating Assets	0.00	1,591	-	97	114	-	-	-	-	-
Plant, Property, & Equipment, net	718	756	794	881	886	943	933	984	1,008	1,050
Total Noncurrent Assets	4,814	5,005	6,398	6,799	7,013	7,887	8,137	7,112	7,592	7,886
Goodwill	634	652	1,361	904	1,146	1,974	2,142	2,103	2,360	2,409
Intangible Assets	1,707	1,775	2,572	1,785	1,779	2,641	2,791	2,776	2,984	3,011
Other Noncurrent Operating Assets	2,473	2,578	2,465	2,404	2,392	3,273	3,204	2,233	2,249	2,466
Other Noncurrent Nonoperating Assets	0.00	0.00	-	1,706	1,696	-	-	-	-	-
Total Liabilities & Shareholders' Equity	10,554	12,220	11,541	12,616	13,142	14,044	14,313	13,784	13,212	13,536
Total Liabilities	8,874	10,813	10,153	10,507	10,932	11,327	10,994	10,699	9,859	9,883
Total Current Liabilities	3,227	4,982	4,409	3,997	3,545	3,816	4,546	5,346	3,464	3,224
Short-Term Debt	763	2,213	2,013	1,453	1,024	987	1,812	2,525	828	607
Accounts Payable	1,008	1,135	1,158	950	962	1,282	906	1,022	1,023	560
Accrued Expenses	1,456	1,487	1,238	1,514	1,487	1,547	1,828	1,799	1,613	2,057
Other Current Nonoperating Liabilities	0.00	148	-	80	72	-	-	-	-	-
Total Noncurrent Liabilities	5,647	5,831	5,744	6,510	7,387	7,511	6,447	5,353	6,395	6,659
Long-Term Debt	3,885	4,029	3,941	4,755	5,657	5,722	4,617	3,526	4,468	4,646
Other Noncurrent Operating Liabilities	1,763	1,802	1,804	1,687	1,665	1,788	1,830	1,826	1,927	2,013
Other Noncurrent Nonoperating Liabilities	0.00	0.00	-	68	65	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,680	1,406	1,388	2,109	2,210	2,717	3,320	3,086	3,352	3,653
Total Preferred & Common Equity	1,680	1,406	1,388	2,109	2,210	2,717	3,320	3,086	3,352	3,653
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,680	1,406	1,388	2,109	2,210	2,717	3,320	3,086	3,352	3,653
Common Stock	3,652	3,663	3,677	3,717	3,735	3,831	3,863	4,050	4,039	3,982
Retained Earnings	-1,020	-1,186	-1,236	-556	-514	-61	386	-120	189	609
Accumulated Other Comprehensive Income / (Loss)	-951	-1,071	-1,054	-1,051	-1,012	-1,054	-930	-844	-875	-937

This table displays calculated financial ratios and metrics derived from VF's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	12/30/2017	12/30/2017	12/31/2016	1/2/2016
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.97%	-1.94%	28.17%	-11.92%	2.16%	0.00%	7.12%	-23.87%	0.27%	-7.45%
EBITDA Growth	-34.30%	-75.58%	125.96%	-24.38%	-18.75%	-22.65%	8.54%	-32.49%	-13.87%	-7.24%
EBIT Growth	-104.94%	-87.46%	184.47%	-32.15%	-24.04%	-24.72%	9.64%	-36.01%	-16.74%	-8.19%
NOPAT Growth	-102.66%	-31.12%	175.86%	-41.14%	-19.55%	29.52%	-36.97%	-75.41%	-4.49%	-8.16%
Net Income Growth	-917.04%	-91.45%	240.05%	-39.97%	-46.07%	0.00%	-42.75%	-42.75%	-12.79%	17.57%
EPS Growth	-903.23%	-91.22%	239.42%	-38.82%	-46.03%	0.00%	-40.16%	-40.16%	-10.88%	19.75%
Operating Cash Flow Growth	254.71%	-175.88%	-34.19%	50.16%	-47.45%	0.00%	-0.40%	-0.40%	23.01%	-31.69%
Free Cash Flow Firm Growth	2,117.15%	-132.11%	148.67%	-273.50%	-72.74%	2,051.40%	-87.85%	-102.41%	33.71%	-34.25%
Invested Capital Growth	-39.44%	13.91%	11.23%	29.17%	3.42%	-20.09%	11.44%	6.30%	-9.56%	-1.08%
Revenue Q/Q Growth	-0.68%	-0.73%	2.09%	5.48%	4.17%	-17.77%	-1.31%	-23.02%	5.16%	-8.15%
EBITDA Q/Q Growth	-22.71%	-43.76%	4.33%	98.81%	-21.15%	-26.27%	-7.66%	-28.40%	-7.44%	-7.35%
EBIT Q/Q Growth	-109.62%	-63.95%	4.88%	286.00%	-26.62%	-29.22%	-8.59%	-31.16%	-8.98%	-8.44%
NOPAT Q/Q Growth	-138.09%	37.08%	0.39%	195.52%	-32.29%	-27.27%	-20.72%	-74.08%	-0.92%	-7.22%
Net Income Q/Q Growth	-26.57%	-71.38%	-0.62%	346.56%	-47.41%	-6.00%	-20.62%	-36.57%	-4.27%	18.25%
EPS Q/Q Growth	-26.40%	-71.03%	-0.56%	373.68%	-47.21%	-5.41%	-16.02%	-35.59%	-6.27%	16.80%
Operating Cash Flow Q/Q Growth	-20.95%	14.45%	-10.76%	11.77%	-18.21%	35.69%	-53.31%	2.40%	-3.30%	5.14%
Free Cash Flow Firm Q/Q Growth	-3.68%	82.14%	139.35%	-220.90%	-47.05%	153.46%	-44.48%	-102.56%	40.36%	-24.29%
Invested Capital Q/Q Growth	-6.88%	-4.74%	1.35%	39.93%	-5.78%	-8.84%	-14.43%	-10.31%	-22.09%	-14.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.01%	52.50%	54.51%	52.69%	55.28%	54.65%	50.51%	54.15%	49.30%	49.04%
EBITDA Margin	2.95%	4.05%	16.26%	9.22%	10.74%	13.51%	15.18%	13.28%	14.98%	17.44%
Operating Margin	-0.33%	2.82%	13.78%	6.58%	8.85%	11.59%	12.81%	10.52%	13.20%	14.96%
EBIT Margin	-0.10%	1.79%	14.00%	6.31%	8.19%	11.02%	12.72%	10.45%	12.43%	14.97%
Profit (Net Income) Margin	-9.27%	1.02%	11.71%	4.41%	6.48%	12.27%	5.21%	7.33%	9.74%	11.20%
Tax Burden Percent	414.61%	273.95%	91.05%	89.35%	93.43%	121.33%	43.41%	78.05%	83.61%	78.73%
Interest Burden Percent	2,273.86%	20.82%	91.85%	78.30%	84.64%	91.80%	94.28%	89.85%	93.76%	95.04%
Effective Tax Rate	0.00%	-173.95%	20.15%	22.25%	13.48%	16.17%	49.09%	65.98%	16.02%	22.20%
Return on Invested Capital (ROIC)	-0.34%	10.94%	17.88%	7.72%	15.28%	17.16%	12.56%	5.34%	21.28%	21.10%
ROIC Less NNEP Spread (ROIC-NNEP)	-20.30%	-4.68%	19.98%	5.50%	6.63%	31.55%	6.16%	29.57%	-4.19%	12.47%
Return on Net Nonoperating Assets (RNNOA)	-42.07%	-7.25%	24.23%	5.00%	2.47%	6.36%	4.04%	8.86%	-0.47%	1.26%
Return on Equity (ROE)	-42.41%	3.68%	42.11%	12.72%	17.75%	23.52%	16.60%	14.20%	20.80%	22.36%
Cash Return on Invested Capital (CROIC)	48.78%	-2.07%	7.25%	-17.74%	11.92%	39.49%	1.74%	-0.77%	31.32%	22.18%
Operating Return on Assets (OROA)	-0.08%	1.52%	12.24%	4.68%	8.00%	10.92%	14.82%	8.90%	14.14%	16.89%
Return on Assets (ROA)	-7.57%	0.87%	10.24%	3.28%	6.32%	12.16%	6.07%	6.24%	11.09%	12.64%
Return on Common Equity (ROCE)	-42.41%	3.68%	42.11%	12.72%	17.75%	23.52%	16.60%	14.20%	20.80%	22.36%
Return on Equity Simple (ROE_SIMPLE)	-58.42%	4.07%	39.29%	13.35%	20.24%	29.31%	-	16.53%	21.74%	22.87%
Net Operating Profit after Tax (NOPAT)	-24	898	1,303	472	803	998	770	301	1,222	1,280
NOPAT Margin	-0.23%	7.73%	11.01%	5.11%	7.65%	9.72%	6.52%	3.58%	11.08%	11.64%
Net Nonoperating Expense Percent (NNEP)	19.96%	15.62%	-2.09%	2.22%	8.64%	-14.39%	6.40%	-24.23%	25.47%	8.63%
Return On Investment Capital (ROIC_SIMPLE)	-0.31%	9.39%	14.56%	5.38%	11.16%	14.09%	-	4.52%	16.84%	17.68%
Cost of Revenue to Revenue	47.99%	47.50%	45.49%	47.31%	44.72%	45.35%	49.49%	45.85%	50.70%	50.96%
SG&A Expenses to Revenue	47.48%	43.35%	40.73%	45.89%	43.35%	43.05%	37.70%	43.62%	35.38%	34.08%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	52.33%	49.68%	40.73%	46.11%	46.43%	43.05%	37.70%	43.62%	36.10%	34.08%
Earnings before Interest and Taxes (EBIT)	-10	208	1,658	583	859	1,131	1,502	877	1,370	1,646
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	309	470	1,925	852	1,127	1,387	1,793	1,115	1,652	1,918
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.52	2.87	5.55	8.82	5.73	6.22	6.90	5.94	3.28	3.53
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	55.51	29.75	0.00	0.00	8.75	11.53
Price to Revenue (P/Rev)	0.56	0.72	1.66	2.92	1.84	2.61	2.16	2.63	1.47	1.73
Price to Earnings (P/E)	0.00	70.54	14.13	66.10	28.33	21.24	41.40	35.94	15.09	15.43
Dividend Yield	5.19%	8.41%	3.93%	2.82%	3.90%	2.87%	2.73%	3.08%	3.91%	2.98%
Earnings Yield	0.00%	1.42%	7.08%	1.51%	3.53%	4.71%	2.42%	2.78%	6.63%	6.48%
Enterprise Value to Invested Capital (EV/IC)	2.11	1.62	3.09	4.53	4.07	5.64	4.41	4.22	3.17	3.30
Enterprise Value to Revenue (EV/Rev)	1.07	1.22	2.01	3.38	2.07	2.84	2.41	2.91	1.57	1.81
Enterprise Value to EBITDA (EV/EBITDA)	36.10	30.19	12.33	36.69	19.28	21.01	15.91	21.94	10.47	10.38
Enterprise Value to EBIT (EV/EBIT)	0.00	68.28	14.32	53.63	25.28	25.76	18.99	27.90	12.62	12.10
Enterprise Value to NOPAT (EV/NOPAT)	0.00	15.81	18.22	66.18	27.06	29.20	37.03	81.39	14.15	15.56
Enterprise Value to Operating Cash Flow (EV/OCF)	10.99	0.00	27.48	23.81	24.84	17.51	19.34	16.59	11.68	16.54
Enterprise Value to Free Cash Flow (EV/FCFF)	3.26	0.00	44.93	0.00	34.70	12.69	267.25	0.00	9.61	14.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.60	2.28	1.54	1.87	1.14	0.65	1.02	0.79	0.47	0.34
Long-Term Debt to Equity	2.84	1.96	1.30	1.87	0.78	0.49	0.60	0.59	0.41	0.26
Financial Leverage	2.07	1.55	1.21	0.91	0.37	0.20	0.66	0.30	0.11	0.10
Leverage Ratio	5.60	4.24	4.11	3.88	2.81	2.41	2.74	2.27	1.88	1.77
Compound Leverage Factor	127.42	0.88	3.78	3.04	2.38	2.21	2.58	2.04	1.76	1.68
Debt to Total Capital	78.25%	69.55%	60.56%	65.18%	53.34%	39.28%	50.38%	44.00%	31.94%	25.62%
Short-Term Debt to Total Capital	16.59%	9.79%	9.35%	0.14%	17.09%	9.38%	20.61%	11.07%	3.85%	6.26%
Long-Term Debt to Total Capital	61.67%	59.75%	51.21%	65.04%	36.25%	29.89%	29.77%	32.93%	28.09%	19.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	21.75%	30.45%	39.44%	34.82%	46.66%	60.72%	49.62%	56.00%	68.06%	74.38%
Debt to EBITDA	19.32	14.13	2.82	6.71	3.41	2.00	2.09	2.62	1.40	0.97
Net Debt to EBITDA	17.19	12.40	2.15	5.05	2.19	1.71	1.71	2.12	0.66	0.47
Long-Term Debt to EBITDA	15.22	12.14	2.38	6.70	2.31	1.53	1.23	1.96	1.23	0.73
Debt to NOPAT	-250.26	7.40	4.16	12.11	4.78	2.79	4.86	9.73	1.90	1.45
Net Debt to NOPAT	-222.73	6.50	3.18	9.12	3.08	2.38	3.98	7.85	0.89	0.71
Long-Term Debt to NOPAT	-197.22	6.36	3.52	12.08	3.25	2.12	2.87	7.28	1.67	1.10
Altman Z-Score	1.21	1.48	2.66	2.57	2.90	4.39	4.23	3.60	4.30	5.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.22	1.45	1.38	2.17	1.66	1.76	1.49	1.60	2.40	2.14
Quick Ratio	0.56	0.68	0.83	1.23	0.89	0.67	0.67	0.73	1.33	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,424	-170	529	-1,086	626	2,296	107	-43	1,799	1,345
Operating Cash Flow to CapEx	851.14%	-987.26%	405.95%	702.60%	303.46%	618.67%	869.73%	1,051.94%	842.00%	378.75%
Free Cash Flow to Firm to Interest Expense	13.97	-0.97	3.77	-8.01	4.12	21.31	1.05	-0.43	18.99	15.16
Operating Cash Flow to Interest Expense	4.14	-3.76	6.17	9.68	5.76	15.45	14.46	14.46	15.63	13.56
Operating Cash Flow Less CapEx to Interest Expense	3.65	-4.14	4.65	8.30	3.86	12.95	12.80	13.09	13.77	9.98
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.82	0.85	0.87	0.74	0.98	0.99	1.17	0.85	1.14	1.13
Accounts Receivable Turnover	7.28	7.55	8.56	7.09	7.83	7.48	8.32	6.51	9.04	8.57
Inventory Turnover	2.51	2.97	4.34	3.71	3.80	3.97	3.28	2.46	3.75	3.69
Fixed Asset Turnover	12.08	11.70	0.00	0.00	0.00	11.72	11.66	8.79	11.98	11.65
Accounts Payable Turnover	5.82	7.36	10.50	10.05	10.46	9.51	8.70	5.57	8.59	8.17
Days Sales Outstanding (DSO)	50.16	48.38	42.63	51.48	46.64	48.80	43.86	56.06	40.37	42.59
Days Inventory Outstanding (DIO)	145.15	122.80	84.04	98.36	95.99	91.96	111.41	148.46	97.29	98.95
Days Payable Outstanding (DPO)	62.74	49.61	34.77	36.34	34.89	38.38	41.96	65.48	42.47	44.66
Cash Conversion Cycle (CCC)	132.58	121.57	91.90	113.51	107.74	102.38	113.30	139.03	95.19	96.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,295	8,743	7,675	6,901	5,342	5,165	6,464	5,800	5,456	6,033
Invested Capital Turnover	1.49	1.41	1.62	1.51	2.00	1.77	1.93	1.49	1.92	1.81
Increase / (Decrease) in Invested Capital	-3,448	1,067	775	1,558	177	-1,298	664	344	-577	-66
Enterprise Value (EV)	11,153	14,197	23,748	31,266	21,719	29,136	28,523	24,462	17,298	19,913
Market Capitalization	5,842	8,365	19,603	26,959	19,250	26,758	25,460	22,102	16,207	19,002
Book Value per Share	$4.27	$7.49	$9.08	$7.80	$8.51	$10.87	$9.14	$9.41	$11.94	$12.63
Tangible Book Value per Share	($1.96)	($4.40)	($4.79)	($6.12)	$0.88	$2.27	($0.31)	($0.16)	$4.48	$3.87
Total Capital	7,625	9,558	8,951	8,777	7,195	7,079	7,432	6,643	7,260	7,240
Total Debt	5,967	6,647	5,421	5,721	3,838	2,780	3,744	2,923	2,319	1,855
Total Long-Term Debt	4,702	5,711	4,584	5,709	2,608	2,116	2,213	2,188	2,039	1,402
Net Debt	5,311	5,832	4,145	4,307	2,469	2,378	3,063	2,360	1,091	910
Capital Expenditures (CapEx)	119	66	213	187	288	269	170	140	176	318
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,378	1,728	833	1,173	1,864	2,274	2,395	1,806	1,560	1,730
Debt-free Net Working Capital (DFNWC)	2,035	2,543	2,109	2,587	3,233	2,676	3,076	2,369	2,787	2,674
Net Working Capital (NWC)	770	1,607	1,273	2,575	2,003	2,012	1,544	1,634	2,508	2,221
Net Nonoperating Expense (NNE)	945	779	-84	65	123	-262	155	-314	148	48
Net Nonoperating Obligations (NNO)	3,637	5,832	4,145	3,844	1,985	867	2,776	2,080	515	648
Total Depreciation and Amortization (D&A)	319	262	267	269	268	256	291	238	282	272
Debt-free, Cash-free Net Working Capital to Revenue	13.18%	14.88%	7.04%	12.70%	17.77%	22.15%	20.28%	21.51%	14.14%	15.73%
Debt-free Net Working Capital to Revenue	19.46%	21.90%	17.81%	28.01%	30.82%	26.07%	26.04%	28.22%	25.28%	24.32%
Net Working Capital to Revenue	7.36%	13.84%	10.75%	27.88%	19.10%	19.60%	13.08%	19.46%	22.74%	20.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.49)	$0.31	$3.55	$1.05	$1.72	$3.19	$1.54	$1.54	$2.58	$2.90
Adjusted Weighted Average Basic Shares Outstanding	388.36M	387.76M	390.29M	389.66M	395.41M	395.19M	399.22M	396.69M	414.09M	424.47M
Adjusted Diluted Earnings per Share	($2.49)	$0.31	$3.53	$1.04	$1.70	$3.15	$1.52	$1.52	$2.54	$2.85
Adjusted Weighted Average Diluted Shares Outstanding	388.36M	388.37M	392.41M	392.12M	399.94M	400.50M	403.56M	396.69M	414.09M	424.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$3.19	$1.54	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	388.89M	388.68M	388.32M	392.15M	388.85M	397.15M	399.30M	396.69M	414.09M	424.47M
Normalized Net Operating Profit after Tax (NOPAT)	331	744	1,303	488	1,082	998	770	618	1,289	1,280
Normalized NOPAT Margin	3.17%	6.41%	11.01%	5.28%	10.32%	9.72%	6.52%	7.37%	11.69%	11.64%
Pre Tax Income Margin	-2.24%	0.37%	12.86%	4.94%	6.93%	10.11%	11.99%	9.39%	11.65%	14.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.04	1.19	11.84	4.30	5.66	10.50	14.73	8.60	14.47	18.54
NOPAT to Interest Expense	-0.10	5.15	9.30	3.48	5.29	9.26	7.55	2.95	12.90	14.42
EBIT Less CapEx to Interest Expense	-0.53	0.81	10.32	2.92	3.76	8.00	13.07	7.22	12.61	14.96
NOPAT Less CapEx to Interest Expense	-0.58	4.77	7.78	2.10	3.39	6.76	5.89	1.57	11.05	10.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-31.29%	592.70%	55.75%	185.55%	110.19%	60.89%	111.34%	111.34%	59.21%	45.90%
Augmented Payout Ratio	-31.58%	595.06%	78.34%	185.55%	257.37%	72.85%	306.55%	306.55%	152.36%	105.38%

This table displays calculated financial ratios and metrics derived from VF's official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022	7/2/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.93%	-5.55%	-8.58%	-2.61%	-21.26%	-5.21%	-7.75%	-3.01%	-2.59%	-3.68%	3.05%
EBITDA Growth	1,144.09%	-20.65%	-419.29%	-93.95%	-95.85%	1,254.34%	53.99%	-135.87%	-23.64%	-105.73%	-87.36%
EBIT Growth	474.67%	-21.56%	-1,825.65%	-70.20%	-112.30%	448.01%	59.94%	-182.53%	-25.39%	-117.68%	-114.79%
NOPAT Growth	403.96%	146.69%	-2,567.85%	-76.75%	-111.11%	-710.53%	-114.19%	-224.52%	4.94%	-113.04%	-74.56%
Net Income Growth	495.22%	111.58%	-350.82%	-94.66%	-108.36%	-280.55%	-2.62%	-365.82%	-1.92%	-125.52%	-117.26%
EPS Growth	490.91%	111.21%	-346.67%	-94.55%	-108.40%	-274.19%	-7.14%	-361.90%	-0.76%	-126.27%	-117.07%
Operating Cash Flow Growth	-18.40%	-64.96%	-87.88%	-151.31%	1,297.79%	67.09%	145.65%	165.55%	-91.69%	-120.36%	-542.33%
Free Cash Flow Firm Growth	-73.13%	-5.46%	446.10%	375.30%	432.75%	286.63%	46.36%	-72.47%	50.79%	62.79%	45.83%
Invested Capital Growth	-12.79%	-15.16%	-22.22%	-39.44%	-38.05%	-21.55%	6.14%	13.91%	21.20%	8.21%	13.81%
Revenue Q/Q Growth	2.75%	44.60%	-28.51%	-4.04%	-4.79%	39.96%	-23.85%	-22.41%	14.61%	36.21%	-19.93%
EBITDA Q/Q Growth	-11.63%	290.66%	7.11%	-894.92%	-94.36%	667.15%	156.43%	-117.02%	1,666.89%	-202.34%	-86.86%
EBIT Q/Q Growth	-14.66%	212.98%	14.79%	-356.05%	-117.87%	2,873.76%	92.47%	-132.95%	605.63%	-219.27%	-115.52%
NOPAT Q/Q Growth	-19.31%	243.27%	15.64%	-211.66%	87.61%	-8,086.37%	94.41%	-119.59%	1,004.24%	-243.33%	-50.96%
Net Income Q/Q Growth	221.55%	120.15%	38.11%	-885.37%	90.58%	-684.84%	73.28%	-142.31%	528.83%	-111.64%	-169.22%
EPS Q/Q Growth	230.77%	119.40%	37.38%	-872.73%	90.52%	-673.33%	72.73%	-141.98%	522.58%	-121.43%	-166.67%
Operating Cash Flow Q/Q Growth	404.40%	-1,620.93%	121.75%	-108.10%	715.31%	-211.78%	-7.94%	120.76%	114.49%	-55.07%	-635.54%
Free Cash Flow Firm Q/Q Growth	-26.99%	-27.80%	-46.21%	-5.24%	156.89%	364.30%	57.21%	-14.54%	-44.08%	24.03%	-37.57%
Invested Capital Q/Q Growth	-13.20%	-14.79%	26.62%	-6.88%	-15.57%	-21.88%	-1.40%	-4.74%	6.92%	5.70%	5.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.29%	52.23%	51.99%	49.75%	54.64%	51.02%	52.78%	49.57%	54.88%	51.37%	53.88%
EBITDA Margin	10.35%	12.03%	-9.13%	-7.02%	0.85%	14.32%	2.61%	-3.53%	16.08%	-1.18%	1.57%
Operating Margin	7.97%	9.93%	-12.58%	-10.66%	-3.28%	12.00%	-0.43%	-5.87%	14.62%	-2.95%	2.80%
EBIT Margin	8.23%	9.91%	-12.68%	-10.64%	-2.24%	11.93%	-0.60%	-6.09%	14.34%	-3.25%	-1.39%
Profit (Net Income) Margin	5.92%	1.89%	-13.57%	-15.68%	-1.53%	-15.43%	-2.75%	-7.84%	14.38%	-3.84%	-2.47%
Tax Burden Percent	85.31%	22.63%	87.01%	113.88%	38.13%	-146.69%	92.21%	99.49%	111.40%	88.38%	89.37%
Interest Burden Percent	84.34%	84.38%	123.02%	129.41%	178.88%	88.20%	495.88%	129.53%	90.08%	133.87%	199.71%
Effective Tax Rate	14.01%	12.16%	0.00%	0.00%	0.00%	247.00%	0.00%	0.00%	-11.40%	0.00%	0.00%
Return on Invested Capital (ROIC)	13.09%	14.18%	-11.81%	-11.11%	-3.25%	-25.98%	-0.41%	-5.82%	22.74%	-2.95%	3.06%
ROIC Less NNEP Spread (ROIC-NNEP)	12.32%	9.91%	-13.43%	-15.74%	-2.80%	-24.69%	-1.37%	-7.87%	21.37%	-4.06%	0.74%
Return on Net Nonoperating Assets (RNNOA)	22.28%	24.19%	-36.71%	-32.63%	-4.87%	-46.73%	-2.41%	-12.18%	29.97%	-5.98%	0.96%
Return on Equity (ROE)	35.37%	38.37%	-48.51%	-43.74%	-8.12%	-72.71%	-2.82%	-18.00%	52.71%	-8.92%	4.02%
Cash Return on Invested Capital (CROIC)	13.34%	12.57%	22.58%	48.78%	47.83%	20.10%	2.23%	-2.07%	-11.35%	-0.86%	2.45%
Operating Return on Assets (OROA)	7.22%	7.90%	-10.19%	-8.69%	-1.75%	9.99%	-0.51%	-5.17%	12.04%	-2.77%	-1.23%
Return on Assets (ROA)	5.20%	1.51%	-10.90%	-12.80%	-1.19%	-12.93%	-2.31%	-6.67%	12.08%	-3.28%	-2.20%
Return on Common Equity (ROCE)	35.37%	38.37%	-48.51%	-43.74%	-8.12%	-72.71%	-2.82%	-18.00%	52.71%	-8.92%	4.02%
Return on Equity Simple (ROE_SIMPLE)	-27.21%	-47.46%	-84.32%	0.00%	-36.29%	-9.73%	4.31%	0.00%	12.48%	13.75%	30.03%
Net Operating Profit after Tax (NOPAT)	194	241	-168	-199	-64	-515	-6.29	-113	575	-64	44
NOPAT Margin	6.85%	8.72%	-8.80%	-7.46%	-2.30%	-17.65%	-0.30%	-4.11%	16.28%	-2.06%	1.96%
Net Nonoperating Expense Percent (NNEP)	0.77%	4.27%	1.62%	4.63%	-0.45%	-1.29%	0.96%	2.05%	1.37%	1.12%	2.32%
Return On Investment Capital (ROIC_SIMPLE)	3.07%	3.15%	-2.29%	-2.61%	-0.77%	-5.80%	-0.07%	-1.18%	5.90%	-0.70%	0.51%
Cost of Revenue to Revenue	43.71%	47.77%	48.01%	50.25%	45.36%	48.98%	47.22%	50.43%	45.12%	48.63%	46.12%
SG&A Expenses to Revenue	46.52%	42.30%	56.97%	51.02%	48.67%	39.02%	53.21%	44.01%	40.26%	40.62%	51.08%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	48.32%	42.30%	64.57%	60.40%	57.92%	39.02%	53.21%	55.44%	40.26%	54.32%	51.08%
Earnings before Interest and Taxes (EBIT)	233	273	-242	-284	-62	348	-13	-167	506	-100	-31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	293	332	-174	-187	24	418	55	-97	568	-36	35
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.02	5.37	3.73	3.52	3.38	3.01	2.61	2.87	3.00	3.43	4.60
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.83	0.75	0.50	0.56	0.68	0.59	0.62	0.72	0.85	0.90	1.30
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	60.44	70.54	24.02	24.96	15.33
Dividend Yield	1.66%	1.86%	4.28%	5.19%	5.41%	8.23%	8.84%	8.41%	7.85%	7.34%	5.01%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.65%	1.42%	4.16%	4.01%	6.52%
Enterprise Value to Invested Capital (EV/IC)	2.36	2.33	1.57	2.11	2.17	1.91	1.51	1.62	1.72	1.87	2.49
Enterprise Value to Revenue (EV/Rev)	1.15	1.31	1.02	1.07	1.17	1.14	1.14	1.22	1.35	1.36	1.70
Enterprise Value to EBITDA (EV/EBITDA)	44.43	0.00	130.59	36.10	30.91	13.62	26.53	30.19	18.91	15.90	12.02
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	115.67	19.04	57.26	68.28	27.42	21.48	14.28
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	197.35	0.00	18.94	15.81	24.14	27.71	17.23
Enterprise Value to Operating Cash Flow (EV/OCF)	21.49	17.68	12.05	10.99	9.63	53.81	0.00	0.00	0.00	132.43	47.54
Enterprise Value to Free Cash Flow (EV/FCFF)	16.50	17.01	6.07	3.26	3.48	8.35	69.46	0.00	0.00	0.00	108.30
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.77	4.44	4.29	3.60	2.94	3.02	2.47	2.28	1.94	1.96	1.58
Long-Term Debt to Equity	2.31	2.86	2.84	2.84	2.25	2.56	2.11	1.96	1.39	1.14	1.33
Financial Leverage	1.81	2.44	2.73	2.07	1.74	1.89	1.76	1.55	1.40	1.47	1.30
Leverage Ratio	6.11	7.01	6.23	5.60	4.96	5.08	4.49	4.24	3.99	4.14	4.04
Compound Leverage Factor	5.16	5.92	7.67	7.25	8.87	4.48	22.27	5.50	3.60	5.54	8.07
Debt to Total Capital	73.45%	81.61%	81.10%	78.25%	74.64%	75.14%	71.18%	69.55%	65.95%	66.23%	61.24%
Short-Term Debt to Total Capital	12.06%	28.94%	27.42%	16.59%	17.47%	11.52%	10.47%	9.79%	18.59%	27.63%	9.58%
Long-Term Debt to Total Capital	61.39%	52.67%	53.67%	61.67%	57.17%	63.62%	60.71%	59.75%	47.36%	38.59%	51.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	26.55%	18.39%	18.90%	21.75%	25.36%	24.86%	28.82%	30.45%	34.05%	33.77%	38.76%
Debt to EBITDA	17.63	-1,038.58	74.10	19.32	15.53	7.08	13.71	14.13	7.69	5.98	3.15
Net Debt to EBITDA	12.43	-956.69	66.17	17.19	13.09	6.57	12.06	12.40	7.01	5.43	2.84
Long-Term Debt to EBITDA	14.73	-670.31	49.04	15.22	11.90	5.99	11.69	12.14	5.52	3.48	2.66
Debt to NOPAT	-270.13	-26.10	-32.10	-250.26	99.18	-21.52	9.79	7.40	9.82	10.42	4.52
Net Debt to NOPAT	-190.54	-24.05	-28.66	-222.73	83.59	-19.96	8.61	6.50	8.95	9.47	4.07
Long-Term Debt to NOPAT	-225.77	-16.85	-21.25	-197.22	75.97	-18.22	8.35	6.36	7.05	6.07	3.81
Altman Z-Score	1.68	1.33	0.97	1.13	1.25	1.41	1.30	1.39	1.57	1.44	1.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.56	1.30	0.99	1.22	1.23	1.48	1.37	1.45	1.15	1.06	1.33
Quick Ratio	0.84	0.46	0.38	0.56	0.57	0.67	0.53	0.68	0.47	0.45	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	921	1,262	1,748	3,249	3,428	1,335	-505	-1,180	-1,030	-715	-941
Operating Cash Flow to CapEx	13,177.31%	0.00%	0.00%	-1,807.06%	5,459.61%	-554.74%	269.96%	497.54%	199.93%	-1,489.60%	-680.48%
Free Cash Flow to Firm to Interest Expense	21.25	27.21	29.50	35.50	65.10	29.23	-9.15	-22.28	-19.03	-20.59	-28.92
Operating Cash Flow to Interest Expense	21.18	-6.50	0.33	-1.00	21.36	-4.00	2.96	3.35	1.49	-16.00	-11.01
Operating Cash Flow Less CapEx to Interest Expense	21.02	-6.28	0.68	-1.05	20.97	-4.73	1.87	2.68	0.74	-17.07	-12.63
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.80	0.80	0.82	0.78	0.84	0.84	0.85	0.84	0.85	0.89
Accounts Receivable Turnover	7.68	5.46	9.05	7.28	7.33	6.07	9.28	7.55	7.64	6.51	9.97
Inventory Turnover	2.48	2.15	2.02	2.51	2.16	2.09	2.13	2.97	2.83	2.61	3.08
Fixed Asset Turnover	12.71	12.32	11.83	12.08	11.61	12.06	11.72	11.70	11.80	11.82	11.77
Accounts Payable Turnover	4.92	4.61	4.06	5.82	5.45	5.43	4.74	7.36	7.49	7.06	7.03
Days Sales Outstanding (DSO)	47.55	66.80	40.31	50.16	49.77	60.14	39.32	48.38	47.75	56.06	36.60
Days Inventory Outstanding (DIO)	147.47	169.41	180.65	145.15	169.07	174.55	171.48	122.80	128.88	140.04	118.63
Days Payable Outstanding (DPO)	74.26	79.13	90.00	62.74	66.99	67.18	77.07	49.61	48.71	51.73	51.93
Cash Conversion Cycle (CCC)	120.76	157.08	130.96	132.58	151.86	167.51	133.72	121.57	127.93	144.37	103.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,959	5,713	6,704	5,295	5,686	6,734	8,620	8,743	9,178	8,584	8,121
Invested Capital Turnover	1.91	1.63	1.34	1.49	1.42	1.47	1.37	1.41	1.40	1.43	1.56
Increase / (Decrease) in Invested Capital	-727	-1,021	-1,915	-3,448	-3,492	-1,850	499	1,067	1,605	652	986
Enterprise Value (EV)	11,714	13,298	10,493	11,153	12,353	12,856	12,982	14,197	15,811	16,086	20,201
Market Capitalization	8,436	7,549	5,177	5,842	7,121	6,660	7,079	8,365	9,953	10,588	15,432
Book Value per Share	$4.32	$3.61	$3.57	$4.27	$5.42	$5.68	$6.99	$7.49	$8.54	$7.94	$8.63
Tangible Book Value per Share	($1.70)	($2.62)	($6.54)	($1.96)	($1.49)	($1.84)	($4.88)	($4.40)	($4.15)	($4.62)	($5.13)
Total Capital	6,328	7,648	7,342	7,625	8,317	8,891	9,426	9,558	9,749	9,137	8,649
Total Debt	4,648	6,242	5,954	5,967	6,208	6,681	6,710	6,647	6,430	6,051	5,297
Total Long-Term Debt	3,885	4,029	3,941	4,702	4,755	5,657	5,722	5,711	4,617	3,526	4,468
Net Debt	3,278	5,750	5,317	5,311	5,232	6,196	5,903	5,832	5,858	5,498	4,769
Capital Expenditures (CapEx)	6.97	-10	-20	5.05	21	33	61	36	40	37	53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,189	3,198	1,316	1,378	1,416	2,238	1,578	1,728	1,939	2,314	1,448
Debt-free Net Working Capital (DFNWC)	2,558	3,690	1,953	2,035	2,392	2,723	2,384	2,543	2,510	2,867	1,976
Net Working Capital (NWC)	1,795	1,476	-60	770	939	1,699	1,397	1,607	698	342	1,148
Net Nonoperating Expense (NNE)	26	188	91	219	-21	-65	51	102	67	55	100
Net Nonoperating Obligations (NNO)	3,278	4,306	5,317	3,637	3,577	4,524	5,903	5,832	5,858	5,498	4,769
Total Depreciation and Amortization (D&A)	60	59	68	96	86	70	67	70	62	64	67
Debt-free, Cash-free Net Working Capital to Revenue	11.69%	31.62%	12.81%	13.18%	13.45%	19.85%	13.80%	14.88%	16.57%	19.63%	12.16%
Debt-free Net Working Capital to Revenue	25.16%	36.48%	19.01%	19.46%	22.72%	24.15%	20.85%	21.90%	21.46%	24.32%	16.59%
Net Working Capital to Revenue	17.65%	14.60%	-0.58%	7.36%	8.92%	15.06%	12.22%	13.84%	5.96%	2.90%	9.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.43	$0.13	($0.67)	($1.07)	($0.11)	($1.16)	($0.15)	($0.55)	$1.31	($0.31)	($0.14)
Adjusted Weighted Average Basic Shares Outstanding	389.22M	389.04M	388.74M	388.36M	388.38M	388.34M	388.16M	387.76M	387.74M	387.69M	387.56M
Adjusted Diluted Earnings per Share	$0.43	$0.13	($0.67)	($1.07)	($0.11)	($1.16)	($0.15)	($0.55)	$1.31	($0.31)	($0.14)
Adjusted Weighted Average Diluted Shares Outstanding	393.91M	390.95M	388.74M	388.36M	388.38M	388.34M	388.16M	388.37M	388.19M	387.69M	387.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	389.57M	389.32M	389.18M	388.89M	388.82M	388.88M	388.87M	388.68M	388.66M	388.57M	388.49M
Normalized Net Operating Profit after Tax (NOPAT)	238	241	-66	-199	116	245	-6.29	-113	361	232	44
Normalized NOPAT Margin	8.40%	8.72%	-3.48%	-7.46%	4.18%	8.40%	-0.30%	-4.11%	10.23%	7.52%	1.96%
Pre Tax Income Margin	6.94%	8.36%	-15.60%	-13.77%	-4.00%	10.52%	-2.99%	-7.88%	12.91%	-4.35%	-2.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.38	5.89	-4.08	-3.10	-1.18	7.63	-0.23	-3.15	9.35	-2.88	-0.96
NOPAT to Interest Expense	4.48	5.19	-2.84	-2.18	-1.21	-11.29	-0.11	-2.13	10.62	-1.83	1.36
EBIT Less CapEx to Interest Expense	5.22	6.12	-3.74	-3.16	-1.57	6.91	-1.32	-3.82	8.60	-3.96	-2.58
NOPAT Less CapEx to Interest Expense	4.32	5.41	-2.49	-2.23	-1.60	-12.01	-1.21	-2.80	9.87	-2.90	-0.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-30.64%	-20.98%	-18.93%	-31.29%	-50.25%	-254.59%	533.89%	592.70%	188.34%	183.16%	77.00%
Augmented Payout Ratio	-30.64%	-20.98%	-18.93%	-31.58%	-50.25%	-254.59%	533.89%	595.06%	192.19%	263.60%	110.38%

Frequently Asked Questions About VF's Financials

When does VF's financial year end?

According to the most recent income statement we have on file, VF's fiscal year ends in March. Their fiscal year 2024 ended on March 30, 2024.

How has VF's net income changed over the last 8 years?

VF's net income appears to be on a downward trend, with a most recent value of -$968.88 million in 2024, falling from $1.23 billion in 2015. The previous period was $118.58 million in 2023. Check out VF's forecast to explore projected trends and price targets.

What is VF's operating income?

VF's total operating income in 2024 was -$34.06 million, based on the following breakdown:

Total Gross Profit: $5.44 billion
Total Operating Expenses: $5.47 billion

How has VF revenue changed over the last 8 years?

Over the last 8 years, VF's total revenue changed from $11.00 billion in 2015 to $10.45 billion in 2024, a change of -4.9%.

How much debt does VF have?

VF's total liabilities were at $9.95 billion at the end of 2024, a 10.2% decrease from 2023, and a 134.0% increase since 2015.

How much cash does VF have?

In the past 8 years, VF's cash and equivalents has ranged from $402.23 million in 2019 to $1.37 billion in 2020, and is currently $656.38 million as of their latest financial filing in 2024.

How has VF's book value per share changed over the last 9 years?

Over the last 9 years, VF's book value per share changed from 12.63 in 2015 to 4.27 in 2024, a change of -66.2%.

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This page (NYSE:VFC) was last updated on 5/29/2025 by MarketBeat.com Staff

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VF (VFC) Financials

Frequently Asked Questions About VF's Financials

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VF (VFC) Financials

Annual Income Statements for VF

Quarterly Income Statements for VF

Annual Cash Flow Statements for VF

Quarterly Cash Flow Statements for VF

Annual Balance Sheets for VF

Quarterly Balance Sheets for VF

Annual Metrics And Ratios for VF

Quarterly Metrics And Ratios for VF

Frequently Asked Questions About VF's Financials

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