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V.F. (VFC) Financials

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$17.26 -0.67 (-3.71%)
As of 01:29 PM Eastern
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Annual Income Statements for V.F.

Annual Income Statements for V.F.

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

Metric 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 1/2/2016 12/31/2016 12/30/2017 3/30/2019 3/28/2020 4/3/2021 4/2/2022 4/1/2023 3/30/2024 3/29/2025 3/28/2026
Net Income / (Loss) Attributable to Common Shareholders		 1,232 1,074 615 1,260 679 408 1,387 119 -969 -190 255
Consolidated Net Income / (Loss)		 1,232 1,074 615 1,260 679 408 1,387 119 -969 -190 255
Net Income / (Loss) Continuing Operations		 1,217 1,079 268 870 629 355 1,216 756 -1,018 69 255
Total Pre-Tax Income 		1,564 1,285 788 1,038 727 456 1,523 738 -285 145 341
Total Operating Income		 1,645 1,455 883 1,190 928 608 1,632 999 -144 304 577
Total Gross Profit		 5,393 5,436 4,545 5,611 5,798 4,868 6,455 5,796 5,112 5,084 5,262
Total Revenue		 10,996 11,026 8,395 10,267 10,489 9,239 11,842 11,089 9,916 9,505 9,605
Operating Revenue		 10,996 11,026 8,395 10,267 10,489 9,239 11,842 11,089 9,916 9,505 9,605
Total Cost of Revenue		 5,604 5,590 3,849 4,656 4,691 4,371 5,386 5,293 4,803 4,421 4,343
Operating Cost of Revenue		 5,604 5,590 3,849 4,656 4,691 4,371 5,386 5,293 4,803 4,421 4,343
Total Operating Expenses		 3,748 3,981 3,662 4,420 4,870 4,260 4,823 4,798 5,256 4,780 4,685
Selling, General & Admin Expense		 3,748 3,901 3,662 4,420 4,547 4,240 4,823 4,798 4,749 4,691 4,654
Impairment Charge		 0.00 80 0.00 0.00 323 20 0.00 0.00 508 89 31
Total Other Income / (Expense), net		 -81 -171 -95 -152 -201 -151 -109 -261 -141 -159 -235
Interest Expense		 89 95 102 108 152 136 140 153 186 174 167
Interest & Investment Income		 7.15 9.18 13 15 20 9.16 5.01 8.86 20 25 18
Other Income / (Expense), net		 1.03 -85 -6.52 -59 -69 -25 26 -117 25 -9.37 -87
Income Tax Expense		 347 206 520 168 98 102 307 -18 734 76 86
Net Income / (Loss) Discontinued Operations		 15 -4.75 347 389 50 53 171 -637 50 -259 0.00
Basic Earnings per Share		 $2.90 $2.58 $1.54 $3.19 $1.72 $1.05 $3.55 $0.31 ($2.49) ($0.49) $0.65
Weighted Average Basic Shares Outstanding		 424.47M 416.10M 399.22M 395.19M 395.41M 389.66M 390.29M 387.76M 388.36M 389.15M 390.74M
Diluted Earnings per Share		 $2.85 $2.54 $1.52 $3.15 $1.70 $1.04 $3.53 $0.31 ($2.49) ($0.48) $0.64
Weighted Average Diluted Shares Outstanding		 424.47M 422.08M 403.56M 400.50M 399.94M 392.12M 392.41M 388.37M 388.36M 392.57M 395.88M
Weighted Average Basic & Diluted Shares Outstanding		 424.47M 414.09M 399.30M 394.90M 388.85M 392.15M 388.32M 388.68M 388.89M 389.74M 391.77M
Cash Dividends to Common per Share		 $1.33 $1.53 $1.72 $1.94 $1.90 $1.94 $1.98 $1.81 $0.78 $0.36 $0.36

Quarterly Income Statements for V.F.

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026
Net Income / (Loss) Attributable to Common Shareholders		 -451 -42 -418 -259 52 168 -151 -116 190 301 -119
Consolidated Net Income / (Loss)		 -451 -42 -418 -259 52 168 -151 -116 190 301 -119
Net Income / (Loss) Continuing Operations		 -452 -92 -368 -152 203 169 -150 -116 190 301 -119
Total Pre-Tax Income 		307 -111 -367 -165 231 197 -117 -127 268 363 -163
Total Operating Income		 351 -91 -284 -123 274 226 -73 -87 313 289 62
Total Gross Profit		 1,490 1,519 1,327 906 1,441 1,595 1,142 949 1,462 1,628 1,222
Total Revenue		 2,920 2,780 2,668 1,769 2,758 2,834 2,144 1,761 2,803 2,876 2,166
Operating Revenue		 2,920 2,780 2,668 1,769 2,758 2,834 2,144 1,761 2,803 2,876 2,166
Total Cost of Revenue		 1,430 1,261 1,341 863 1,317 1,239 1,001 812 1,340 1,247 944
Operating Cost of Revenue		 1,430 1,261 1,341 863 1,317 1,239 1,001 812 1,340 1,247 944
Total Operating Expenses		 1,139 1,610 1,612 1,029 1,167 1,369 1,215 1,036 1,150 1,339 1,160
Selling, General & Admin Expense		 1,139 1,353 1,361 1,029 1,167 1,318 1,177 1,036 1,150 1,309 1,160
Total Other Income / (Expense), net		 -43 -20 -83 -42 -43 -29 -44 -40 -44 74 -225
Interest Expense		 46 53 92 44 46 43 40 44 50 40 34
Interest & Investment Income		 4.55 3.57 8.02 3.40 3.68 6.83 11 2.52 3.41 5.14 6.97
Other Income / (Expense), net		 -2.18 29 0.53 -1.49 -0.66 7.41 -15 1.14 1.87 108 -198
Income Tax Expense		 759 -20 0.76 -13 28 28 34 -10 79 62 -44
Basic Earnings per Share		 ($1.16) ($0.11) ($1.07) ($0.67) $0.13 $0.43 ($0.38) ($0.30) $0.49 $0.77 ($0.31)
Weighted Average Basic Shares Outstanding		 388.34M 388.38M 388.36M 388.74M 389.04M 389.22M 389.15M 390.02M 390.65M 390.92M 390.74M
Diluted Earnings per Share		 ($1.16) ($0.11) ($1.07) ($0.67) $0.13 $0.43 ($0.37) ($0.30) $0.48 $0.76 ($0.30)
Weighted Average Diluted Shares Outstanding		 388.34M 388.38M 388.36M 388.74M 390.95M 393.91M 392.57M 390.02M 393.99M 397.16M 395.88M
Weighted Average Basic & Diluted Shares Outstanding		 388.88M 388.82M 388.89M 389.18M 389.32M 389.57M 389.74M 390.62M 390.72M 391.26M 391.77M

Annual Cash Flow Statements for V.F.

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

Metric 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 1/2/2016 12/31/2016 12/30/2017 3/30/2019 3/28/2020 4/3/2021 4/2/2022 4/1/2023 3/30/2024 3/29/2025 3/28/2026
Net Change in Cash & Equivalents		 -26 285 -662 -133 855 -560 426 -461 -139 -245 401
Net Cash From Operating Activities		 1,204 1,481 1,475 1,664 875 1,313 864 -656 1,015 465 671
Net Cash From Continuing Operating Activities		 1,204 1,481 1,018 1,240 800 1,233 858 -654 885 438 671
Net Income / (Loss) Continuing Operations		 1,232 1,074 268 870 629 355 1,216 756 -1,018 69 255
Consolidated Net Income / (Loss)		 1,232 1,074 615 1,260 679 408 1,387 119 -969 -190 255
Net Income / (Loss) Discontinued Operations		 - - 347 389 50 53 171 -637 50 -259 0.00
Depreciation Expense		 272 282 238 256 268 269 267 252 308 260 281
Non-Cash Adjustments To Reconcile Net Income		 -15 343 94 93 964 528 451 453 1,857 519 668
Changes in Operating Assets and Liabilities, net		 -286 -218 417 21 -1,060 81 -1,076 -2,115 -262 -409 -532
Net Cash From Discontinued Operating Activities		 - - 457 424 74 80 6.09 -1.81 130 27 0.00
Net Cash From Investing Activities		 -323 -112 -776 -221 -302 -2,896 904 -188 -172 1,428 407
Net Cash From Continuing Investing Activities		 -323 -112 -737 -177 -285 -2,892 904 -172 -159 1,433 407
Purchase of Property, Plant & Equipment		 -318 -176 -140 -269 -288 -199 -245 -152 -136 -86 -115
Acquisitions		 0.00 -44 -804 -320 -46 -2,085 -79 -93 -61 -40 -51
Sale of Property, Plant & Equipment		 - - - - - 12 33 99 27 88 0.87
Divestitures		 0.00 116 215 430 0.00 0.00 617 0.00 0.00 1,506 601
Other Investing Activities, net		 -5.04 -8.33 -7.45 18 49 -20 -19 -26 12 -36 -28
Net Cash From Discontinued Investing Activities		 - - -39 -43 -17 -3.63 -0.53 -16 -14 -4.41 0.00
Net Cash From Financing Activities		 -840 -1,077 -1,363 -1,591 310 1,053 -1,269 464 -960 -2,146 -738
Net Cash From Continuing Financing Activities		 -840 -1,077 -1,363 -1,589 310 1,053 -1,269 464 -960 -2,146 -738
Repayment of Debt		 427 -441 -254 -870 -656 -23 -507 -508 -909 -1,751 -595
Repurchase of Common Equity		 -733 -1,000 -1,200 -151 -1,000 0.00 -313 - - -2.73 0.70
Payment of Dividends		 -565 -636 -685 -767 -749 -757 -773 -703 -303 -140 -141
Issuance of Debt		 0.00 1,001 686 - 1,653 1,778 324 1,734 255 -252 -2.32
Effect of Exchange Rate Changes		 -67 -6.65 2.97 15 -27 -31 -73 -81 -22 7.22 60

Quarterly Cash Flow Statements for V.F.

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026
Net Change in Cash & Equivalents		 -308 489 -312 -37 -125 857 -940 217 -213 1,044 -647
Net Cash From Operating Activities		 -183 1,125 -91 20 -302 918 -171 -145 -227 1,010 33
Net Cash From Continuing Operating Activities		 -224 1,036 39 -31 -322 911 -171 -145 -227 1,010 33
Net Income / (Loss) Continuing Operations		 -457 -92 -363 -152 309 169 -150 -116 190 301 -119
Consolidated Net Income / (Loss)		 -451 -42 -418 -259 52 168 -151 -116 190 301 -119
Depreciation Expense		 70 86 96 65 59 60 73 64 70 79 67
Non-Cash Adjustments To Reconcile Net Income		 1,017 347 411 94 -37 172 146 112 111 46 397
Changes in Operating Assets and Liabilities, net		 -854 694 -105 -38 -652 510 -240 -206 -598 584 -312
Net Cash From Investing Activities		 -59 -42 20 -11 -9.77 1,467 -18 -49 -41 548 -51
Net Cash From Continuing Investing Activities		 -55 -39 12 -9.04 -5.36 1,467 -18 -49 -41 548 -51
Purchase of Property, Plant & Equipment		 -32 -21 -31 -24 -21 -18 -22 -28 -27 -33 -27
Acquisitions		 -18 -9.33 -15 -16 -9.62 -3.48 -11 -17 -8.68 -11 -14
Sale of Property, Plant & Equipment		 -0.89 0.10 26 46 31 11 0.17 0.61 0.30 -0.14 0.10
Other Investing Activities, net		 -3.88 -8.84 32 -15 -6.06 -8.60 -5.90 -4.22 -6.15 -8.76 -9.35
Net Cash From Financing Activities		 -54 -610 -224 -37 163 -1,486 -786 339 63 -528 -612
Net Cash From Continuing Financing Activities		 -54 -610 -224 -37 163 -1,486 -786 339 63 -528 -612
Repayment of Debt		 -908 -0.27 -0.27 -0.28 -0.28 -1,000 -750 -1.82 -11 -0.10 -582
Payment of Dividends		 -117 -35 -35 -35 -35 -35 -35 -35 -35 -35 -35
Issuance of Debt		 971 -574 -188 -0.23 199 -450 -0.89 380 109 -492 -0.38
Effect of Exchange Rate Changes		 -12 16 -17 -8.34 23 -43 36 72 -7.65 14 -18

Annual Balance Sheets for V.F.

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

Metric 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 1/2/2016 12/31/2016 12/30/2017 3/30/2019 3/28/2020 4/3/2021 4/2/2022 4/1/2023 3/30/2024 3/29/2025 3/28/2026
Total Assets		 9,640 9,739 9,959 10,357 11,133 13,754 13,342 13,990 11,613 9,378 9,290
Total Current Assets		 4,163 4,293 4,378 4,673 5,027 4,786 4,588 5,153 4,227 3,786 4,010
Cash & Equivalents		 944 1,228 563 402 1,369 816 1,276 815 656 429 824
Accounts Receivable		 1,290 1,149 1,430 1,373 1,308 1,298 1,468 1,610 1,263 1,322 1,428
Inventories, net		 1,555 1,425 1,707 1,173 1,294 1,062 1,419 2,293 1,698 1,627 1,371
Other Current Assets		 284 294 297 426 445 424 426 435 493 408 386
Plant, Property, & Equipment, net		 945 896 1,015 876 0.00 0.00 1,042 942 789 721 675
Total Noncurrent Assets		 4,531 4,550 4,566 4,807 6,106 8,968 7,712 7,895 6,597 4,871 4,606
Goodwill		 1,788 1,555 1,693 1,492 1,156 2,425 2,394 1,978 645 603 588
Intangible Assets		 1,949 1,534 2,090 1,907 1,855 3,030 3,000 2,643 1,776 1,711 1,468
Other Noncurrent Operating Assets		 584 922 784 768 3,096 3,513 2,318 3,274 2,466 2,556 2,551
Total Liabilities & Shareholders' Equity		 9,640 9,739 9,959 10,357 11,133 13,754 13,342 13,990 11,613 9,378 9,290
Total Liabilities		 4,255 4,798 6,239 6,058 7,776 10,698 9,812 11,080 9,955 7,890 7,440
Total Current Liabilities		 1,942 1,785 2,744 2,662 3,024 2,210 3,315 3,546 3,457 2,698 2,181
Short-Term Debt		 453 280 736 664 1,230 12 837 936 1,265 552 10
Accounts Payable		 681 620 761 490 407 463 563 936 788 790 826
Accrued Expenses		 782 812 1,147 1,125 1,260 1,610 1,916 1,674 1,324 1,047 1,011
Other Current Liabilities		 - - - - - - - - - 309 333
Total Noncurrent Liabilities		 2,313 3,013 3,495 3,397 4,752 8,487 6,496 7,534 6,498 5,192 5,259
Long-Term Debt		 1,402 2,039 2,188 2,116 2,608 5,709 4,584 5,711 4,702 3,426 3,520
Other Noncurrent Operating Liabilities		 900 886 1,307 1,235 2,144 2,778 1,912 1,823 1,723 1,767 1,739
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 5,385 4,941 3,720 4,299 3,357 3,056 3,530 2,911 1,658 1,487 1,850
Total Preferred & Common Equity		 5,385 4,941 3,720 4,299 3,357 3,056 3,530 2,911 1,658 1,487 1,850
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 5,385 4,941 3,720 4,299 3,357 3,056 3,530 2,911 1,658 1,487 1,850
Common Stock		 3,299 3,437 3,622 4,021 4,281 3,876 4,013 3,873 3,697 3,638 3,586
Retained Earnings		 3,129 2,545 1,024 1,180 7.31 190 443 57 -975 -1,173 -929
Accumulated Other Comprehensive Income / (Loss)		 -1,043 -1,041 -926 -902 -931 -1,009 -927 -1,020 -1,064 -978 -807

Quarterly Balance Sheets for V.F.

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

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/1/2022 12/31/2022 7/1/2023 9/30/2023 12/30/2023 6/29/2024 9/28/2024 12/28/2024 6/28/2025 9/27/2025 12/27/2025
Total Assets		 13,784 14,313 14,044 13,142 12,616 11,541 12,220 10,554 10,150 10,644 10,432
Total Current Assets		 5,688 5,244 5,214 5,244 4,936 4,349 6,459 5,021 4,376 5,119 4,982
Cash & Equivalents		 553 571 807 485 976 625 492 1,369 642 419 1,466
Accounts Receivable		 1,835 1,565 1,214 1,882 1,306 1,049 1,820 1,343 1,172 1,882 1,416
Inventories, net		 2,750 2,592 2,787 2,405 2,094 2,060 2,083 1,795 2,135 1,856 1,659
Other Current Assets		 551 516 406 358 462 520 473 514 425 426 441
Plant, Property, & Equipment, net		 984 933 943 886 881 760 756 718 721 688 688
Total Noncurrent Assets		 7,112 8,137 7,887 7,013 6,799 6,432 5,005 4,814 5,054 4,837 4,762
Goodwill		 2,103 2,142 1,974 1,146 904 643 652 634 621 621 592
Intangible Assets		 2,776 2,791 2,641 1,779 1,785 1,771 1,775 1,707 1,724 1,476 1,475
Other Noncurrent Operating Assets		 2,233 3,204 3,273 2,392 2,404 2,455 2,578 2,473 2,710 2,740 2,696
Total Liabilities & Shareholders' Equity		 13,784 14,313 14,044 13,142 12,616 11,541 12,220 10,554 10,150 10,644 10,432
Total Liabilities		 10,699 10,994 11,327 10,932 10,507 10,153 10,813 8,874 8,858 9,166 8,647
Total Current Liabilities		 5,346 4,546 3,816 3,545 3,997 4,409 4,982 3,227 3,440 3,759 3,217
Short-Term Debt		 2,525 1,812 987 1,024 1,453 2,013 2,213 763 979 1,086 599
Accounts Payable		 1,022 906 1,282 962 950 1,136 1,135 1,008 1,167 1,061 1,014
Accrued Expenses		 1,799 1,828 1,547 1,487 1,514 1,197 1,487 1,456 1,294 1,541 1,604
Total Noncurrent Liabilities		 5,353 6,447 7,511 7,387 6,510 5,744 5,831 5,647 5,419 5,408 5,430
Long-Term Debt		 3,526 4,617 5,722 5,657 4,755 3,941 4,029 3,885 3,561 3,544 3,557
Other Noncurrent Operating Liabilities		 1,826 1,830 1,788 1,665 1,687 1,734 1,802 1,763 1,858 1,863 1,873
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3,086 3,320 2,717 2,210 2,109 1,388 1,406 1,680 1,292 1,478 1,784
Total Preferred & Common Equity		 3,086 3,320 2,717 2,210 2,109 1,388 1,406 1,680 1,292 1,478 1,784
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 3,086 3,320 2,717 2,210 2,109 1,388 1,406 1,680 1,292 1,478 1,784
Common Stock		 4,050 3,863 3,831 3,735 3,717 3,677 3,663 3,652 3,625 3,609 3,594
Retained Earnings		 -120 386 -61 -514 -556 -1,236 -1,186 -1,020 -1,295 -1,107 -808
Accumulated Other Comprehensive Income / (Loss)		 -844 -930 -1,054 -1,012 -1,051 -1,054 -1,071 -951 -1,037 -1,024 -1,001

Annual Metrics And Ratios for V.F.

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

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 12/31/2016 12/30/2017 12/30/2017 3/30/2019 3/28/2020 4/3/2021 4/2/2022 4/1/2023 3/30/2024 3/29/2025 3/28/2026
DEI Shares Outstanding		 - - - - - - - - - - 391,263,343.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 391,263,343.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.65
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.27% -23.87% 7.12% 0.00% 2.16% -11.92% 28.17% -1.94% -9.97% -4.14% 1.06%
EBITDA Growth		 -13.87% -32.49% 8.54% -22.65% -18.75% -24.38% 125.96% -75.58% -34.30% 194.24% 39.07%
EBIT Growth		 -16.74% -36.01% 9.64% -24.72% -24.04% -32.15% 184.47% -87.46% -104.94% 346.90% 66.42%
NOPAT Growth		 -4.49% -75.41% -36.97% 29.52% -19.55% -41.14% 175.86% -31.12% -102.66% 243.99% 196.92%
Net Income Growth		 -12.79% -42.75% -42.75% 0.00% -46.07% -39.97% 240.05% -91.45% -917.04% 80.42% 234.37%
EPS Growth		 -10.88% -40.16% -40.16% 0.00% -46.03% -38.82% 239.42% -91.22% -903.23% 80.72% 233.33%
Operating Cash Flow Growth		 23.01% -0.40% -0.40% 0.00% -47.45% 50.16% -34.19% -175.88% 254.71% -54.15% 44.29%
Free Cash Flow Firm Growth		 33.71% -102.41% -87.85% 2,051.40% -72.74% -273.50% 148.67% -132.11% 2,117.15% -87.94% 125.58%
Invested Capital Growth		 -9.56% 6.30% 11.44% -20.09% 3.42% 29.17% 11.23% 13.91% -39.44% -4.89% -9.53%
Revenue Q/Q Growth		 5.16% -23.02% -1.31% -17.77% 4.17% 5.48% 2.09% -0.73% -0.68% 0.16% 0.23%
EBITDA Q/Q Growth		 -7.44% -28.40% -7.66% -26.27% -21.15% 98.81% 4.33% -43.76% -22.71% 112.78% -6.63%
EBIT Q/Q Growth		 -8.98% -31.16% -8.59% -29.22% -26.62% 286.00% 4.88% -63.95% -109.62% 2,806.17% -9.09%
NOPAT Q/Q Growth		 -0.92% -74.08% -20.72% -27.27% -32.29% 195.52% 0.39% 37.08% -138.09% 1,278.87% 68.76%
Net Income Q/Q Growth		 -4.27% -36.57% -20.62% -6.00% -47.41% 346.56% -0.62% -71.38% -26.57% 58.51% 14.10%
EPS Q/Q Growth		 -6.27% -35.59% -16.02% -5.41% -47.21% 373.68% -0.56% -71.03% -26.40% 59.32% 12.28%
Operating Cash Flow Q/Q Growth		 -3.30% 2.40% -53.31% 35.69% -18.21% 11.77% -10.76% 14.45% -20.95% -14.66% 43.77%
Free Cash Flow Firm Q/Q Growth		 40.36% -102.56% -44.48% 153.46% -47.05% -220.90% 139.35% 82.14% -3.68% -43.51% 23.04%
Invested Capital Q/Q Growth		 -22.09% -10.31% -14.43% -8.84% -5.78% 39.93% 1.35% -4.74% -6.88% 1.56% 1.84%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 49.30% 54.15% 50.51% 54.65% 55.28% 52.69% 54.51% 52.50% 52.01% 53.49% 54.78%
EBITDA Margin		 14.98% 13.28% 15.18% 13.51% 10.74% 9.22% 16.26% 4.05% 2.95% 5.83% 8.02%
Operating Margin		 13.20% 10.52% 12.81% 11.59% 8.85% 6.58% 13.78% 2.82% -0.33% 3.20% 6.00%
EBIT Margin		 12.43% 10.45% 12.72% 11.02% 8.19% 6.31% 14.00% 1.79% -0.10% 3.10% 5.10%
Profit (Net Income) Margin		 9.74% 7.33% 5.21% 12.27% 6.48% 4.41% 11.71% 1.02% -9.27% -2.00% 2.65%
Tax Burden Percent		 83.61% 78.05% 43.41% 121.33% 93.43% 89.35% 91.05% 273.95% 414.61% -130.69% 74.71%
Interest Burden Percent		 93.76% 89.85% 94.28% 91.80% 84.64% 78.30% 91.85% 20.82% 2,273.86% 49.31% 69.64%
Effective Tax Rate		 16.02% 65.98% 49.09% 16.17% 13.48% 22.25% 20.15% -173.95% 0.00% 52.24% 25.29%
Return on Invested Capital (ROIC)		 21.28% 5.34% 12.56% 17.16% 15.28% 7.72% 17.88% 10.94% -0.34% 2.81% 8.98%
ROIC Less NNEP Spread (ROIC-NNEP)		 -4.19% 29.57% 6.16% 31.55% 6.63% 5.50% 19.98% -4.68% -20.30% -6.51% 3.36%
Return on Net Nonoperating Assets (RNNOA)		 -0.47% 8.86% 4.04% 6.36% 2.47% 5.00% 24.23% -7.25% -42.07% -14.87% 6.30%
Return on Equity (ROE)		 20.80% 14.20% 16.60% 23.52% 17.75% 12.72% 42.11% 3.68% -42.41% -12.06% 15.28%
Cash Return on Invested Capital (CROIC)		 31.32% -0.77% 1.74% 39.49% 11.92% -17.74% 7.25% -2.07% 48.78% 7.82% 18.99%
Operating Return on Assets (OROA)		 14.14% 8.90% 14.82% 10.92% 8.00% 4.68% 12.24% 1.52% -0.08% 2.81% 5.25%
Return on Assets (ROA)		 11.09% 6.24% 6.07% 12.16% 6.32% 3.28% 10.24% 0.87% -7.57% -1.81% 2.73%
Return on Common Equity (ROCE)		 20.80% 14.20% 16.60% 23.52% 17.75% 12.72% 42.11% 3.68% -42.41% -12.06% 15.28%
Return on Equity Simple (ROE_SIMPLE)		 21.74% 16.53% - 29.31% 20.24% 13.35% 39.29% 4.07% -58.42% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 1,222 301 770 998 803 472 1,303 898 -24 145 431
NOPAT Margin		 11.08% 3.58% 6.52% 9.72% 7.65% 5.11% 11.01% 7.73% -0.23% 1.53% 4.48%
Net Nonoperating Expense Percent (NNEP)		 25.47% -24.23% 6.40% -14.39% 8.64% 2.22% -2.09% 15.62% 19.96% 9.32% 5.62%
Return On Investment Capital (ROIC_SIMPLE)		 16.84% 4.52% - 14.09% 11.16% 5.38% 14.56% 9.39% -0.31% 2.65% 8.01%
Cost of Revenue to Revenue		 50.70% 45.85% 49.49% 45.35% 44.72% 47.31% 45.49% 47.50% 47.99% 46.51% 45.22%
SG&A Expenses to Revenue		 35.38% 43.62% 37.70% 43.05% 43.35% 45.89% 40.73% 43.35% 47.48% 49.35% 48.46%
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		 36.10% 43.62% 37.70% 43.05% 46.43% 46.11% 40.73% 49.68% 52.33% 50.29% 48.78%
Earnings before Interest and Taxes (EBIT)		 1,370 877 1,502 1,131 859 583 1,658 208 -10 294 490
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,652 1,115 1,793 1,387 1,127 852 1,925 470 309 554 770
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.28 5.94 6.90 6.22 5.73 8.82 5.55 2.87 3.52 4.06 3.47
Price to Tangible Book Value (P/TBV)		 8.75 0.00 0.00 29.75 55.51 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.47 2.63 2.16 2.61 1.84 2.92 1.66 0.72 0.56 0.63 0.67
Price to Earnings (P/E)		 15.09 35.94 41.40 21.24 28.33 66.10 14.13 70.54 0.00 0.00 25.17
Dividend Yield		 3.91% 3.08% 2.73% 2.87% 3.90% 2.82% 3.93% 8.41% 5.19% 2.32% 2.20%
Earnings Yield		 6.63% 2.78% 2.42% 4.71% 3.53% 1.51% 7.08% 1.42% 0.00% 0.00% 3.97%
Enterprise Value to Invested Capital (EV/IC)		 3.17 4.22 4.41 5.64 4.07 4.53 3.09 1.62 2.11 1.90 2.00
Enterprise Value to Revenue (EV/Rev)		 1.57 2.91 2.41 2.84 2.07 3.38 2.01 1.22 1.07 1.01 0.95
Enterprise Value to EBITDA (EV/EBITDA)		 10.47 21.94 15.91 21.01 19.28 36.69 12.33 30.19 36.10 17.30 11.84
Enterprise Value to EBIT (EV/EBIT)		 12.62 27.90 18.99 25.76 25.28 53.63 14.32 68.28 0.00 32.55 18.62
Enterprise Value to NOPAT (EV/NOPAT)		 14.15 81.39 37.03 29.20 27.06 66.18 18.22 15.81 0.00 66.06 21.18
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.68 16.59 19.34 17.51 24.84 23.81 27.48 0.00 10.99 20.60 13.59
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.61 0.00 267.25 12.69 34.70 0.00 44.93 0.00 3.26 23.73 10.01
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.47 0.79 1.02 0.65 1.14 1.87 1.54 2.28 3.60 2.67 1.91
Long-Term Debt to Equity		 0.41 0.59 0.60 0.49 0.78 1.87 1.30 1.96 2.84 2.30 1.90
Financial Leverage		 0.11 0.30 0.66 0.20 0.37 0.91 1.21 1.55 2.07 2.28 1.87
Leverage Ratio		 1.88 2.27 2.74 2.41 2.81 3.88 4.11 4.24 5.60 6.67 5.59
Compound Leverage Factor		 1.76 2.04 2.58 2.21 2.38 3.04 3.78 0.88 127.42 3.29 3.90
Debt to Total Capital		 31.94% 44.00% 50.38% 39.28% 53.34% 65.18% 60.56% 69.55% 78.25% 72.79% 65.61%
Short-Term Debt to Total Capital		 3.85% 11.07% 20.61% 9.38% 17.09% 0.14% 9.35% 9.79% 16.59% 10.11% 0.19%
Long-Term Debt to Total Capital		 28.09% 32.93% 29.77% 29.89% 36.25% 65.04% 51.21% 59.75% 61.67% 62.68% 65.43%
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		 68.06% 56.00% 49.62% 60.72% 46.66% 34.82% 39.44% 30.45% 21.75% 27.21% 34.39%
Debt to EBITDA		 1.40 2.62 2.09 2.00 3.41 6.71 2.82 14.13 19.32 7.18 4.58
Net Debt to EBITDA		 0.66 2.12 1.71 1.71 2.19 5.05 2.15 12.40 17.19 6.41 3.51
Long-Term Debt to EBITDA		 1.23 1.96 1.23 1.53 2.31 6.70 2.38 12.14 15.22 6.18 4.57
Debt to NOPAT		 1.90 9.73 4.86 2.79 4.78 12.11 4.16 7.40 -250.26 27.42 8.20
Net Debt to NOPAT		 0.89 7.85 3.98 2.38 3.08 9.12 3.18 6.50 -222.73 24.46 6.28
Long-Term Debt to NOPAT		 1.67 7.28 2.87 2.12 3.25 12.08 3.52 6.36 -197.22 23.61 8.17
Altman Z-Score		 4.30 3.60 4.23 4.39 2.90 2.57 2.66 1.48 1.21 1.54 1.82
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		 2.40 1.60 1.49 1.76 1.66 2.17 1.38 1.45 1.22 1.40 1.84
Quick Ratio		 1.33 0.73 0.67 0.67 0.89 1.23 0.83 0.68 0.56 0.65 1.03
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,799 -43 107 2,296 626 -1,086 529 -170 3,424 404 911
Operating Cash Flow to CapEx		 842.00% 1,051.94% 869.73% 618.67% 303.46% 702.60% 405.95% -987.26% 851.14% 0.00% 589.67%
Free Cash Flow to Firm to Interest Expense		 18.99 -0.43 1.05 21.31 4.12 -8.01 3.77 -0.97 13.97 2.32 5.46
Operating Cash Flow to Interest Expense		 15.63 14.46 14.46 15.45 5.76 9.68 6.17 -3.76 4.14 2.67 4.03
Operating Cash Flow Less CapEx to Interest Expense		 13.77 13.09 12.80 12.95 3.86 8.30 4.65 -4.14 3.65 2.68 3.34
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.14 0.85 1.17 0.99 0.98 0.74 0.87 0.85 0.82 0.91 1.03
Accounts Receivable Turnover		 9.04 6.51 8.32 7.48 7.83 7.09 8.56 7.55 7.28 7.35 6.99
Inventory Turnover		 3.75 2.46 3.28 3.97 3.80 3.71 4.34 2.97 2.51 2.66 2.90
Fixed Asset Turnover		 11.98 8.79 11.66 11.72 0.00 0.00 0.00 11.70 12.08 12.59 13.77
Accounts Payable Turnover		 8.59 5.57 8.70 9.51 10.46 10.05 10.50 7.36 5.82 5.60 5.38
Days Sales Outstanding (DSO)		 40.37 56.06 43.86 48.80 46.64 51.48 42.63 48.38 50.16 49.63 52.24
Days Inventory Outstanding (DIO)		 97.29 148.46 111.41 91.96 95.99 98.36 84.04 122.80 145.15 137.26 125.98
Days Payable Outstanding (DPO)		 42.47 65.48 41.96 38.38 34.89 36.34 34.77 49.61 62.74 65.14 67.90
Cash Conversion Cycle (CCC)		 95.19 139.03 113.30 102.38 107.74 113.51 91.90 121.57 132.58 121.75 110.33
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,456 5,800 6,464 5,165 5,342 6,901 7,675 8,743 5,295 5,036 4,556
Invested Capital Turnover		 1.92 1.49 1.93 1.77 2.00 1.51 1.62 1.41 1.49 1.84 2.00
Increase / (Decrease) in Invested Capital		 -577 344 664 -1,298 177 1,558 775 1,067 -3,448 -259 -480
Enterprise Value (EV)		 17,298 24,462 28,523 29,136 21,719 31,266 23,748 14,197 11,153 9,583 9,123
Market Capitalization		 16,207 22,102 25,460 26,758 19,250 26,959 19,603 8,365 5,842 6,034 6,417
Book Value per Share		 $11.94 $9.41 $9.14 $10.87 $8.51 $7.80 $9.08 $7.49 $4.27 $3.82 $4.73
Tangible Book Value per Share		 $4.48 ($0.16) ($0.31) $2.27 $0.88 ($6.12) ($4.79) ($4.40) ($1.96) ($2.12) ($0.52)
Total Capital		 7,260 6,643 7,432 7,079 7,195 8,777 8,951 9,558 7,625 5,466 5,380
Total Debt		 2,319 2,923 3,744 2,780 3,838 5,721 5,421 6,647 5,967 3,978 3,530
Total Long-Term Debt		 2,039 2,188 2,213 2,116 2,608 5,709 4,584 5,711 4,702 3,426 3,520
Net Debt		 1,091 2,360 3,063 2,378 2,469 4,307 4,145 5,832 5,311 3,549 2,706
Capital Expenditures (CapEx)		 176 140 170 269 288 187 213 66 119 -1.96 114
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,560 1,806 2,395 2,274 1,864 1,173 833 1,728 1,378 1,211 1,015
Debt-free Net Working Capital (DFNWC)		 2,787 2,369 3,076 2,676 3,233 2,587 2,109 2,543 2,035 1,641 1,838
Net Working Capital (NWC)		 2,508 1,634 1,544 2,012 2,003 2,575 1,273 1,607 770 1,088 1,828
Net Nonoperating Expense (NNE)		 148 -314 155 -262 123 65 -84 779 945 335 176
Net Nonoperating Obligations (NNO)		 515 2,080 2,776 867 1,985 3,844 4,145 5,832 3,637 3,549 2,706
Total Depreciation and Amortization (D&A)		 282 238 291 256 268 269 267 262 319 260 281
Debt-free, Cash-free Net Working Capital to Revenue		 14.14% 21.51% 20.28% 22.15% 17.77% 12.70% 7.04% 14.88% 13.18% 12.74% 10.56%
Debt-free Net Working Capital to Revenue		 25.28% 28.22% 26.04% 26.07% 30.82% 28.01% 17.81% 21.90% 19.46% 17.26% 19.14%
Net Working Capital to Revenue		 22.74% 19.46% 13.08% 19.60% 19.10% 27.88% 10.75% 13.84% 7.36% 11.45% 19.03%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.58 $1.54 $1.54 $3.19 $1.72 $1.05 $3.55 $0.31 ($2.49) ($0.49) $0.65
Adjusted Weighted Average Basic Shares Outstanding		 414.09M 396.69M 399.22M 395.19M 395.41M 389.66M 390.29M 387.76M 388.36M 389.15M 390.74M
Adjusted Diluted Earnings per Share		 $2.54 $1.52 $1.52 $3.15 $1.70 $1.04 $3.53 $0.31 ($2.49) ($0.48) $0.64
Adjusted Weighted Average Diluted Shares Outstanding		 414.09M 396.69M 403.56M 400.50M 399.94M 392.12M 392.41M 388.37M 388.36M 392.57M 395.88M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $1.54 $3.19 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 414.09M 396.69M 399.30M 397.15M 388.85M 392.15M 388.32M 388.68M 388.89M 389.74M 391.77M
Normalized Net Operating Profit after Tax (NOPAT)		 1,289 618 770 998 1,082 488 1,303 744 331 275 454
Normalized NOPAT Margin		 11.69% 7.37% 6.52% 9.72% 10.32% 5.28% 11.01% 6.41% 3.17% 2.89% 4.72%
Pre Tax Income Margin		 11.65% 9.39% 11.99% 10.11% 6.93% 4.94% 12.86% 0.37% -2.24% 1.53% 3.55%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 14.47 8.60 14.73 10.50 5.66 4.30 11.84 1.19 -0.04 1.69 2.94
NOPAT to Interest Expense		 12.90 2.95 7.55 9.26 5.29 3.48 9.30 5.15 -0.10 0.83 2.58
EBIT Less CapEx to Interest Expense		 12.61 7.22 13.07 8.00 3.76 2.92 10.32 0.81 -0.53 1.70 2.26
NOPAT Less CapEx to Interest Expense		 11.05 1.57 5.89 6.76 3.39 2.10 7.78 4.77 -0.58 0.84 1.90
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 59.21% 111.34% 111.34% 60.89% 110.19% 185.55% 55.75% 592.70% -31.29% -73.88% 55.21%
Augmented Payout Ratio		 152.36% 306.55% 306.55% 72.85% 257.37% 185.55% 78.34% 595.06% -31.58% -73.88% 54.94%

Quarterly Metrics And Ratios for V.F.

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026
DEI Shares Outstanding		 - - - - - - - - - - 391,263,343.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 391,263,343.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.30
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.21% -21.26% -2.61% -8.58% -5.55% 1.93% 0.69% -0.47% 1.62% 1.48% 1.04%
EBITDA Growth		 1,254.34% -95.85% -93.95% -419.29% -20.65% 1,144.09% 95.33% 64.75% 14.71% 62.44% -380.47%
EBIT Growth		 448.01% -112.30% -70.20% -1,825.65% -21.56% 474.67% 77.72% 31.35% 15.10% 70.45% -56.00%
NOPAT Growth		 -710.53% -111.11% -76.75% -2,567.85% 146.69% 403.96% 81.51% 29.60% -8.09% 23.45% 184.38%
Net Income Growth		 -280.55% -108.36% -94.66% -350.82% 111.58% 495.22% 63.95% 55.04% 263.69% 79.31% 20.89%
EPS Growth		 -274.19% -108.40% -94.55% -346.67% 111.21% 490.91% 65.42% 55.22% 269.23% 76.74% 18.92%
Operating Cash Flow Growth		 67.09% 1,297.79% -151.31% -87.88% -64.96% -18.40% -87.63% -833.54% 24.73% 10.06% 119.47%
Free Cash Flow Firm Growth		 286.63% 432.75% 375.30% 446.10% -5.46% -73.13% -93.45% -101.78% -43.65% -21.33% 151.89%
Invested Capital Growth		 -21.55% -38.05% -39.44% -22.22% -15.16% -12.79% -4.89% -0.02% -8.57% -9.78% -9.53%
Revenue Q/Q Growth		 39.96% -4.79% -4.04% -28.51% 44.60% 2.75% -24.35% -17.87% 59.18% 2.61% -24.68%
EBITDA Q/Q Growth		 667.15% -94.36% -894.92% 7.11% 290.66% -11.63% -104.90% -46.91% 1,920.34% 23.96% -114.49%
EBIT Q/Q Growth		 2,873.76% -117.87% -356.05% 14.79% 212.98% -14.66% -137.53% 2.34% 467.94% 26.39% -134.35%
NOPAT Q/Q Growth		 -8,086.37% 87.61% -211.66% 15.64% 243.27% -19.31% -126.28% -18.83% 464.74% 8.38% -82.04%
Net Income Q/Q Growth		 -684.84% 90.58% -885.37% 38.11% 120.15% 221.55% -189.87% 22.80% 263.02% 58.54% -139.65%
EPS Q/Q Growth		 -673.33% 90.52% -872.73% 37.38% 119.40% 230.77% -186.05% 18.92% 260.00% 58.33% -139.47%
Operating Cash Flow Q/Q Growth		 -211.78% 715.31% -108.10% 121.75% -1,620.93% 404.40% -118.63% 14.96% -56.06% 545.11% -96.70%
Free Cash Flow Firm Q/Q Growth		 364.30% 156.89% -5.24% -46.21% -27.80% -26.99% -77.45% -128.62% 1,296.03% 1.94% -27.81%
Invested Capital Q/Q Growth		 -21.88% -15.57% -6.88% 26.62% -14.79% -13.20% 1.56% 3.05% 0.64% -14.35% 1.84%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 51.02% 54.64% 49.75% 51.99% 52.23% 56.29% 53.29% 53.90% 52.18% 56.62% 56.41%
EBITDA Margin		 14.32% 0.85% -7.02% -9.13% 12.03% 10.35% -0.67% -1.20% 13.71% 16.56% -3.19%
Operating Margin		 12.00% -3.28% -10.66% -12.58% 9.93% 7.97% -3.40% -4.92% 11.15% 10.05% 2.84%
EBIT Margin		 11.93% -2.24% -10.64% -12.68% 9.91% 8.23% -4.08% -4.85% 11.22% 13.82% -6.30%
Profit (Net Income) Margin		 -15.43% -1.53% -15.68% -13.57% 1.89% 5.92% -7.03% -6.61% 6.77% 10.46% -5.51%
Tax Burden Percent		 -146.69% 38.13% 113.88% 87.01% 22.63% 85.31% 129.31% 91.95% 70.73% 82.91% 73.03%
Interest Burden Percent		 88.20% 178.88% 129.41% 123.02% 84.38% 84.34% 133.24% 148.11% 85.31% 91.29% 119.63%
Effective Tax Rate		 247.00% 0.00% 0.00% 0.00% 12.16% 14.01% 0.00% 0.00% 29.27% 17.09% 0.00%
Return on Invested Capital (ROIC)		 -25.98% -3.25% -11.11% -11.81% 14.18% 13.09% -4.38% -6.30% 13.77% 16.93% 3.98%
ROIC Less NNEP Spread (ROIC-NNEP)		 -24.69% -2.80% -15.74% -13.43% 9.91% 12.32% -7.16% -7.75% 12.99% 18.98% -1.21%
Return on Net Nonoperating Assets (RNNOA)		 -46.73% -4.87% -32.63% -36.71% 24.19% 22.28% -16.35% -22.26% 36.26% 32.70% -2.27%
Return on Equity (ROE)		 -72.71% -8.12% -43.74% -48.51% 38.37% 35.37% -20.73% -28.56% 50.02% 49.63% 1.71%
Cash Return on Invested Capital (CROIC)		 20.10% 47.83% 48.78% 22.58% 12.57% 13.34% 7.82% 3.76% 11.84% 15.70% 18.99%
Operating Return on Assets (OROA)		 9.99% -1.75% -8.69% -10.19% 7.90% 7.22% -3.70% -4.25% 9.37% 12.62% -6.49%
Return on Assets (ROA)		 -12.93% -1.19% -12.80% -10.90% 1.51% 5.20% -6.37% -5.79% 5.65% 9.55% -5.67%
Return on Common Equity (ROCE)		 -72.71% -8.12% -43.74% -48.51% 38.37% 35.37% -20.73% -28.56% 50.02% 49.63% 1.71%
Return on Equity Simple (ROE_SIMPLE)		 -9.73% -36.29% 0.00% -84.32% -47.46% -27.21% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -515 -64 -199 -168 241 194 -51 -61 221 240 43
NOPAT Margin		 -17.65% -2.30% -7.46% -8.80% 8.72% 6.85% -2.38% -3.44% 7.89% 8.33% 1.99%
Net Nonoperating Expense Percent (NNEP)		 -1.29% -0.45% 4.63% 1.62% 4.27% 0.77% 2.78% 1.45% 0.78% -2.05% 5.19%
Return On Investment Capital (ROIC_SIMPLE)		 -5.80% -0.77% -2.61% -2.29% 3.15% 3.07% -0.93% -1.04% 3.62% 4.03% 0.80%
Cost of Revenue to Revenue		 48.98% 45.36% 50.25% 48.01% 47.77% 43.71% 46.71% 46.10% 47.82% 43.38% 43.59%
SG&A Expenses to Revenue		 39.02% 48.67% 51.02% 56.97% 42.30% 46.52% 54.91% 58.82% 41.03% 45.50% 53.57%
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		 39.02% 57.92% 60.40% 64.57% 42.30% 48.32% 56.69% 58.82% 41.03% 46.57% 53.57%
Earnings before Interest and Taxes (EBIT)		 348 -62 -284 -242 273 233 -88 -85 314 397 -137
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 418 24 -187 -174 332 293 -14 -21 384 476 -69
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.01 3.38 3.52 3.73 5.37 5.02 4.06 3.55 3.89 4.05 3.47
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)		 0.59 0.68 0.56 0.50 0.75 0.83 0.63 0.48 0.60 0.75 0.67
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 63.68 32.35 25.17
Dividend Yield		 8.23% 5.41% 5.19% 4.28% 1.86% 1.66% 2.32% 3.06% 2.44% 1.95% 2.20%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.57% 3.09% 3.97%
Enterprise Value to Invested Capital (EV/IC)		 1.91 2.17 2.11 1.57 2.33 2.36 1.90 1.63 1.91 2.22 2.00
Enterprise Value to Revenue (EV/Rev)		 1.14 1.17 1.07 1.02 1.31 1.15 1.01 0.89 1.04 1.03 0.95
Enterprise Value to EBITDA (EV/EBITDA)		 13.62 30.91 36.10 130.59 0.00 44.43 17.30 14.31 15.52 12.02 11.84
Enterprise Value to EBIT (EV/EBIT)		 19.04 115.67 0.00 0.00 0.00 0.00 32.55 25.45 26.60 18.40 18.62
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 197.35 0.00 0.00 0.00 0.00 66.06 43.74 63.25 38.86 21.18
Enterprise Value to Operating Cash Flow (EV/OCF)		 53.81 9.63 10.99 12.05 17.68 21.49 20.60 28.29 26.61 21.24 13.59
Enterprise Value to Free Cash Flow (EV/FCFF)		 8.35 3.48 3.26 6.07 17.01 16.50 23.73 43.47 15.39 13.40 10.01
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.02 2.94 3.60 4.29 4.44 2.77 2.67 3.51 3.13 2.33 1.91
Long-Term Debt to Equity		 2.56 2.25 2.84 2.84 2.86 2.31 2.30 2.76 2.40 1.99 1.90
Financial Leverage		 1.89 1.74 2.07 2.73 2.44 1.81 2.28 2.87 2.79 1.72 1.87
Leverage Ratio		 5.08 4.96 5.60 6.23 7.01 6.11 6.67 8.09 7.93 6.06 5.59
Compound Leverage Factor		 4.48 8.87 7.25 7.67 5.92 5.16 8.89 11.99 6.76 5.53 6.69
Debt to Total Capital		 75.14% 74.64% 78.25% 81.10% 81.61% 73.45% 72.79% 77.84% 75.81% 69.96% 65.61%
Short-Term Debt to Total Capital		 11.52% 17.47% 16.59% 27.42% 28.94% 12.06% 10.11% 16.78% 17.78% 10.08% 0.19%
Long-Term Debt to Total Capital		 63.62% 57.17% 61.67% 53.67% 52.67% 61.39% 62.68% 61.06% 58.02% 59.88% 65.43%
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		 24.86% 25.36% 21.75% 18.90% 18.39% 26.55% 27.21% 22.16% 24.19% 30.04% 34.39%
Debt to EBITDA		 7.08 15.53 19.32 74.10 -1,038.58 17.63 7.18 7.66 7.21 5.04 4.58
Net Debt to EBITDA		 6.57 13.09 17.19 66.17 -956.69 12.43 6.41 6.57 6.56 3.26 3.51
Long-Term Debt to EBITDA		 5.99 11.90 15.22 49.04 -670.31 14.73 6.18 6.01 5.52 4.31 4.57
Debt to NOPAT		 -21.52 99.18 -250.26 -32.10 -26.10 -270.13 27.42 23.40 29.39 16.28 8.20
Net Debt to NOPAT		 -19.96 83.59 -222.73 -28.66 -24.05 -190.54 24.46 20.09 26.73 10.54 6.28
Long-Term Debt to NOPAT		 -18.22 75.97 -197.22 -21.25 -16.85 -225.77 23.61 18.36 22.50 13.94 8.17
Altman Z-Score		 1.41 1.25 1.13 0.97 1.33 1.68 1.41 1.15 1.38 1.64 1.60
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		 1.48 1.23 1.22 0.99 1.30 1.56 1.40 1.27 1.36 1.55 1.84
Quick Ratio		 0.67 0.57 0.56 0.38 0.46 0.84 0.65 0.53 0.61 0.90 1.03
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,335 3,428 3,249 1,748 1,262 921 208 -59 711 725 523
Operating Cash Flow to CapEx		 -554.74% 5,459.61% -1,807.06% 0.00% 0.00% 13,177.31% -784.55% -526.25% -865.88% 3,090.40% 122.07%
Free Cash Flow to Firm to Interest Expense		 29.23 65.10 35.50 29.50 27.21 21.25 5.18 -1.36 14.33 18.23 15.49
Operating Cash Flow to Interest Expense		 -4.00 21.36 -1.00 0.33 -6.50 21.18 -4.27 -3.33 -4.58 25.42 0.99
Operating Cash Flow Less CapEx to Interest Expense		 -4.73 20.97 -1.05 0.68 -6.28 21.02 -4.81 -3.97 -5.10 24.60 0.18
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.84 0.78 0.82 0.80 0.80 0.88 0.91 0.88 0.83 0.91 1.03
Accounts Receivable Turnover		 6.07 7.33 7.28 9.05 5.46 7.68 7.35 8.55 5.15 6.95 6.99
Inventory Turnover		 2.09 2.16 2.51 2.02 2.15 2.48 2.66 2.08 2.23 2.55 2.90
Fixed Asset Turnover		 12.06 11.61 12.08 11.83 12.32 12.71 12.59 12.83 13.21 13.63 13.77
Accounts Payable Turnover		 5.43 5.45 5.82 4.06 4.61 4.92 5.60 3.79 4.00 4.35 5.38
Days Sales Outstanding (DSO)		 60.14 49.77 50.16 40.31 66.80 47.55 49.63 42.69 70.81 52.55 52.24
Days Inventory Outstanding (DIO)		 174.55 169.07 145.15 180.65 169.41 147.47 137.26 175.24 163.67 143.21 125.98
Days Payable Outstanding (DPO)		 67.18 66.99 62.74 90.00 79.13 74.26 65.14 96.20 91.24 83.86 67.90
Cash Conversion Cycle (CCC)		 167.51 151.86 132.58 130.96 157.08 120.76 121.75 121.73 143.24 111.89 110.33
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,734 5,686 5,295 6,704 5,713 4,959 5,036 5,190 5,223 4,474 4,556
Invested Capital Turnover		 1.47 1.42 1.49 1.34 1.63 1.91 1.84 1.83 1.74 2.03 2.00
Increase / (Decrease) in Invested Capital		 -1,850 -3,492 -3,448 -1,915 -1,021 -727 -259 -1.18 -490 -485 -480
Enterprise Value (EV)		 12,856 12,353 11,153 10,493 13,298 11,714 9,583 8,485 9,965 9,918 9,123
Market Capitalization		 6,660 7,121 5,842 5,177 7,549 8,436 6,034 4,587 5,754 7,228 6,417
Book Value per Share		 $5.68 $5.42 $4.27 $3.57 $3.61 $4.32 $3.82 $3.32 $3.78 $4.57 $4.73
Tangible Book Value per Share		 ($1.84) ($1.49) ($1.96) ($6.54) ($2.62) ($1.70) ($2.12) ($2.70) ($1.58) ($0.72) ($0.52)
Total Capital		 8,891 8,317 7,625 7,342 7,648 6,328 5,466 5,832 6,108 5,940 5,380
Total Debt		 6,681 6,208 5,967 5,954 6,242 4,648 3,978 4,540 4,630 4,156 3,530
Total Long-Term Debt		 5,657 4,755 4,702 3,941 4,029 3,885 3,426 3,561 3,544 3,557 3,520
Net Debt		 6,196 5,232 5,311 5,317 5,750 3,278 3,549 3,898 4,211 2,689 2,706
Capital Expenditures (CapEx)		 33 21 5.05 -20 -10 6.97 22 28 26 33 27
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 2,238 1,416 1,378 1,316 3,198 1,189 1,211 1,272 2,027 897 1,015
Debt-free Net Working Capital (DFNWC)		 2,723 2,392 2,035 1,953 3,690 2,558 1,641 1,915 2,446 2,364 1,838
Net Working Capital (NWC)		 1,699 939 770 -60 1,476 1,795 1,088 936 1,360 1,765 1,828
Net Nonoperating Expense (NNE)		 -65 -21 219 91 188 26 100 56 31 -61 162
Net Nonoperating Obligations (NNO)		 4,524 3,577 3,637 5,317 4,306 3,278 3,549 3,898 3,745 2,689 2,706
Total Depreciation and Amortization (D&A)		 70 86 96 68 59 60 73 64 70 79 67
Debt-free, Cash-free Net Working Capital to Revenue		 19.85% 13.45% 13.18% 12.81% 31.62% 11.69% 12.74% 13.40% 21.25% 9.36% 10.56%
Debt-free Net Working Capital to Revenue		 24.15% 22.72% 19.46% 19.01% 36.48% 25.16% 17.26% 20.16% 25.64% 24.67% 19.14%
Net Working Capital to Revenue		 15.06% 8.92% 7.36% -0.58% 14.60% 17.65% 11.45% 9.86% 14.26% 18.42% 19.03%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.16) ($0.11) ($1.07) ($0.67) $0.13 $0.43 ($0.38) ($0.30) $0.49 $0.77 ($0.31)
Adjusted Weighted Average Basic Shares Outstanding		 388.34M 388.38M 388.36M 388.74M 389.04M 389.22M 389.15M 390.02M 390.65M 390.92M 390.74M
Adjusted Diluted Earnings per Share		 ($1.16) ($0.11) ($1.07) ($0.67) $0.13 $0.43 ($0.37) ($0.30) $0.48 $0.76 ($0.30)
Adjusted Weighted Average Diluted Shares Outstanding		 388.34M 388.38M 388.36M 388.74M 390.95M 393.91M 392.57M 390.02M 393.99M 397.16M 395.88M
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		 388.88M 388.82M 388.89M 389.18M 389.32M 389.57M 389.74M 390.62M 390.72M 391.26M 391.77M
Normalized Net Operating Profit after Tax (NOPAT)		 245 116 -199 -66 241 238 -51 -61 221 265 43
Normalized NOPAT Margin		 8.40% 4.18% -7.46% -3.48% 8.72% 8.40% -2.38% -3.44% 7.89% 9.22% 1.99%
Pre Tax Income Margin		 10.52% -4.00% -13.77% -15.60% 8.36% 6.94% -5.44% -7.19% 9.57% 12.62% -7.54%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.63 -1.18 -3.10 -4.08 5.89 5.38 -2.18 -1.96 6.34 10.00 -4.04
NOPAT to Interest Expense		 -11.29 -1.21 -2.18 -2.84 5.19 4.48 -1.27 -1.39 4.46 6.03 1.27
EBIT Less CapEx to Interest Expense		 6.91 -1.57 -3.16 -3.74 6.12 5.22 -2.73 -2.59 5.81 9.18 -4.85
NOPAT Less CapEx to Interest Expense		 -12.01 -1.60 -2.23 -2.49 5.41 4.32 -1.82 -2.02 3.93 5.21 0.47
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -254.59% -50.25% -31.29% -18.93% -20.98% -30.64% -73.88% -297.01% 155.43% 62.92% 55.21%
Augmented Payout Ratio		 -254.59% -50.25% -31.58% -18.93% -20.98% -30.64% -73.88% -297.01% 155.43% 62.92% 54.94%

Financials Breakdown Chart

Key Financial Trends

V.F. Corp. (NYSE: VFC) has had a very volatile few years, with a sharp deterioration in profitability, uneven cash flow, and a heavier balance-sheet burden than it had in 2022. The most recent quarter shows some operating improvement versus the prior year, but the company is still not consistently generating earnings, and debt remains a major constraint.

What stands out most: revenue has fallen materially from the 2022–2023 period, operating margins have compressed, and the company has relied on non-operating items and financing activity to manage liquidity. At the same time, equity has been reduced by accumulated losses and liabilities now exceed shareholders’ equity by a wide margin.

  • Q4 2026 revenue rose slightly year over year to $2.17 billion from $2.14 billion, suggesting the top line may be stabilizing after a difficult stretch.
  • Q3 2026 was a strong quarter on an earnings basis, with net income of $300.8 million versus a loss in the same quarter a year earlier.
  • Operating cash flow was positive in Q4 2026 at $33.3 million, even though earnings were negative.
  • The company generated solid operating cash flow in Q3 2026 at $1.01 billion, helped by favorable working-capital movements.
  • Cash and equivalents increased to $1.47 billion in Q3 2026, up from $419 million in Q2 2026.
  • Gross profit improved sequentially in Q4 2026, but SG&A remained very high at $1.16 billion and kept operating income near breakeven.
  • The company continues to pay a dividend, with quarterly cash dividends per share reported at $0.09 in recent 2026 periods.
  • Q4 2026 ended with a net loss of $119.3 million and diluted EPS of -$0.30.
  • Revenue has been well below the stronger 2022–2023 levels, when quarterly revenue often exceeded $3.0 billion; that indicates a much smaller sales base today.
  • The balance sheet remains highly leveraged: total liabilities were $8.65 billion in Q3 2026 versus only $1.78 billion of common equity.

Longer-term trend: VFC was a much stronger earnings and cash-flow story in 2022 and parts of 2023, when it regularly posted positive net income and strong operating cash generation. Since then, the company has seen major swings in results, including quarterly losses in 2024 and early 2025, followed by some recovery in mid-2026. That pattern suggests the turnaround is not yet fully established.

Balance sheet pressure is still the biggest concern. Total debt remained very large in Q3 2026, with $598.7 million of short-term debt and $3.56 billion of long-term debt. Equity has been eroded by retained losses and negative accumulated other comprehensive income, leaving the company with a relatively thin equity cushion compared with its liabilities.

Bottom line: V.F. Corp. shows signs of stabilization in the latest quarters, especially on cash flow and recent earnings improvement, but the business is still dealing with compressed margins, inconsistent profitability, and a leveraged balance sheet. For retail investors, this looks like a turnaround story that is making progress, but still carries meaningful execution and financial risk.

05/29/26 01:29 PM ETAI Generated. May Contain Errors.

V.F. Financials - Frequently Asked Questions

According to the most recent income statement we have on file, V.F.'s fiscal year ends in March. Their fiscal year 2026 ended on March 28, 2026.

V.F.'s net income appears to be on a downward trend, with a most recent value of $254.92 million in 2026, falling from $1.23 billion in 2015. The previous period was -$189.72 million in 2025. Find out what analysts predict for V.F. in the coming months.

V.F.'s total operating income in 2026 was $576.57 million, based on the following breakdown:
  • Total Gross Profit: $5.26 billion
  • Total Operating Expenses: $4.69 billion

Over the last 10 years, V.F.'s total revenue changed from $11.00 billion in 2015 to $9.61 billion in 2026, a change of -12.7%.

V.F.'s total liabilities were at $7.44 billion at the end of 2026, a 5.7% decrease from 2025, and a 74.9% increase since 2015.

In the past 10 years, V.F.'s cash and equivalents has ranged from $402.23 million in 2019 to $1.37 billion in 2020, and is currently $823.94 million as of their latest financial filing in 2026.

Over the last 10 years, V.F.'s book value per share changed from 11.94 in 2016 to 4.73 in 2026, a change of -60.4%.


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Financial statements for NYSE:VFC last updated on 5/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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