V.F. (VFC) Financials

$18.98 -0.08 (-0.41%)

Closing price 03:59 PM Eastern

Extended Trading

$18.80 -0.18 (-0.95%)

As of 07:08 PM Eastern

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	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	1/3/2015	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
Net Income / (Loss) Attributable to Common Shareholders	1,048	1,232	1,074	615	1,260	679	408	1,387	119	-969	-190
Consolidated Net Income / (Loss)	1,048	1,232	1,074	615	1,260	679	408	1,387	119	-969	-190
Net Income / (Loss) Continuing Operations	1,328	1,217	1,079	268	870	629	355	1,216	756	-1,018	69
Total Pre-Tax Income	1,714	1,564	1,285	788	1,038	727	456	1,523	738	-285	145
Total Operating Income	1,798	1,645	1,455	883	1,190	928	608	1,632	999	-144	304
Total Gross Profit	5,769	5,393	5,436	4,545	5,611	5,798	4,868	6,455	5,796	5,112	5,084
Total Revenue	11,882	10,996	11,026	8,395	10,267	10,489	9,239	11,842	11,089	9,916	9,505
Operating Revenue	11,882	10,996	11,026	8,395	10,267	10,489	9,239	11,842	11,089	9,916	9,505
Total Cost of Revenue	6,113	5,604	5,590	3,849	4,656	4,691	4,371	5,386	5,293	4,803	4,421
Operating Cost of Revenue	6,113	5,604	5,590	3,849	4,656	4,691	4,371	5,386	5,293	4,803	4,421
Total Operating Expenses	3,971	3,748	3,981	3,662	4,420	4,870	4,260	4,823	4,798	5,256	4,780
Selling, General & Admin Expense	3,971	3,748	3,901	3,662	4,420	4,547	4,240	4,823	4,798	4,749	4,691
Impairment Charge	0.00	0.00	80	0.00	0.00	323	20	0.00	0.00	508	89
Total Other Income / (Expense), net	-85	-81	-171	-95	-152	-201	-151	-109	-261	-141	-159
Interest Expense	86	89	95	102	108	152	136	140	153	186	174
Interest & Investment Income	6.91	7.15	9.18	13	15	20	9.16	5.01	8.86	20	25
Other Income / (Expense), net	-5.55	1.03	-85	-6.52	-59	-69	-25	26	-117	25	-9.37
Income Tax Expense	386	347	206	520	168	98	102	307	-18	734	76
Net Income / (Loss) Discontinued Operations	-280	15	-4.75	347	389	50	53	171	-637	50	-259
Basic Earnings per Share	$2.42	$2.90	$2.58	$1.54	$3.19	$1.72	$1.05	$3.55	$0.31	($2.49)	($0.49)
Weighted Average Basic Shares Outstanding	427.95M	424.47M	416.10M	399.22M	395.19M	395.41M	389.66M	390.29M	387.76M	388.36M	389.15M
Diluted Earnings per Share	$2.38	$2.85	$2.54	$1.52	$3.15	$1.70	$1.04	$3.53	$0.31	($2.49)	($0.48)
Weighted Average Diluted Shares Outstanding	427.95M	424.47M	422.08M	403.56M	400.50M	399.94M	392.12M	392.41M	388.37M	388.36M	392.57M
Weighted Average Basic & Diluted Shares Outstanding	427.95M	424.47M	414.09M	399.30M	394.90M	388.85M	392.15M	388.32M	388.68M	388.89M	389.74M
Cash Dividends to Common per Share	$1.11	$1.33	$1.53	$1.72	$1.94	$1.90	$1.94	$1.98	$1.81	$0.78	$0.36

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/1/2023	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
Net Income / (Loss) Attributable to Common Shareholders	-57	-451	-42	-418	-259	52	168	-151	-116	190	301
Consolidated Net Income / (Loss)	-57	-451	-42	-418	-259	52	168	-151	-116	190	301
Net Income / (Loss) Continuing Operations	-57	-452	-92	-368	-152	203	169	-150	-116	190	301
Total Pre-Tax Income	-62	307	-111	-367	-165	231	197	-117	-127	268	363
Total Operating Income	-8.99	351	-91	-284	-123	274	226	-73	-87	313	289
Total Gross Profit	1,101	1,490	1,519	1,327	906	1,441	1,595	1,142	949	1,462	1,628
Total Revenue	2,086	2,920	2,780	2,668	1,769	2,758	2,834	2,144	1,761	2,803	2,876
Operating Revenue	2,086	2,920	2,780	2,668	1,769	2,758	2,834	2,144	1,761	2,803	2,876
Total Cost of Revenue	985	1,430	1,261	1,341	863	1,317	1,239	1,001	812	1,340	1,247
Operating Cost of Revenue	985	1,430	1,261	1,341	863	1,317	1,239	1,001	812	1,340	1,247
Total Operating Expenses	1,110	1,139	1,610	1,612	1,029	1,167	1,369	1,215	1,036	1,150	1,339
Selling, General & Admin Expense	1,110	1,139	1,353	1,361	1,029	1,167	1,318	1,177	1,036	1,150	1,309
Impairment Charge	0.00	-	257	-	-	-	51	-	-	-	31
Total Other Income / (Expense), net	-53	-43	-20	-83	-42	-43	-29	-44	-40	-44	74
Interest Expense	55	46	53	92	44	46	43	40	44	50	40
Interest & Investment Income	5.49	4.55	3.57	8.02	3.40	3.68	6.83	11	2.52	3.41	5.14
Other Income / (Expense), net	-3.57	-2.18	29	0.53	-1.49	-0.66	7.41	-15	1.14	1.87	108
Income Tax Expense	-4.85	759	-20	0.76	-13	28	28	34	-10	79	62
Net Income / (Loss) Discontinued Operations	-	0.95	49	-	-107	-150	-1.33	-0.52	0.00	0.00	0.00
Basic Earnings per Share	($0.15)	($1.16)	($0.11)	($1.07)	($0.67)	$0.13	$0.43	($0.38)	($0.30)	$0.49	$0.77
Weighted Average Basic Shares Outstanding	388.16M	388.34M	388.38M	388.36M	388.74M	389.04M	389.22M	389.15M	390.02M	390.65M	390.92M
Diluted Earnings per Share	($0.15)	($1.16)	($0.11)	($1.07)	($0.67)	$0.13	$0.43	($0.37)	($0.30)	$0.48	$0.76
Weighted Average Diluted Shares Outstanding	388.16M	388.34M	388.38M	388.36M	388.74M	390.95M	393.91M	392.57M	390.02M	393.99M	397.16M
Weighted Average Basic & Diluted Shares Outstanding	388.87M	388.88M	388.82M	388.89M	389.18M	389.32M	389.57M	389.74M	390.62M	390.72M	391.26M
Cash Dividends to Common per Share	$0.30	$0.30	$0.09	$0.09	$0.09	$0.09	$0.09	$0.09	$0.09	$0.09	$0.09

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	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	1/3/2015	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
Net Change in Cash & Equivalents	195	-26	285	-662	-133	855	-560	426	-461	-139	-245
Net Cash From Operating Activities	1,762	1,204	1,481	1,475	1,664	875	1,313	864	-656	1,015	465
Net Cash From Continuing Operating Activities	1,762	1,204	1,481	1,018	1,240	800	1,233	858	-654	885	438
Net Income / (Loss) Continuing Operations	1,048	1,232	1,074	268	870	629	355	1,216	756	-1,018	69
Consolidated Net Income / (Loss)	1,048	1,232	1,074	615	1,260	679	408	1,387	119	-969	-190
Net Income / (Loss) Discontinued Operations	-	-	-	347	389	50	53	171	-637	50	-259
Depreciation Expense	275	272	282	238	256	268	269	267	252	308	260
Non-Cash Adjustments To Reconcile Net Income	495	-15	343	94	93	964	528	451	453	1,857	519
Changes in Operating Assets and Liabilities, net	-55	-286	-218	417	21	-1,060	81	-1,076	-2,115	-262	-409
Net Cash From Discontinued Operating Activities	-	-	-	457	424	74	80	6.09	-1.81	130	27
Net Cash From Investing Activities	-329	-323	-112	-776	-221	-302	-2,896	904	-188	-172	1,428
Net Cash From Continuing Investing Activities	-329	-323	-112	-737	-177	-285	-2,892	904	-172	-159	1,433
Purchase of Property, Plant & Equipment	-234	-318	-176	-140	-269	-288	-199	-245	-152	-136	-86
Acquisitions	-68	0.00	-44	-804	-320	-46	-2,085	-79	-93	-61	-40
Sale of Property, Plant & Equipment	-	-	-	-	-	-	12	33	99	27	88
Divestitures	0.00	0.00	116	215	430	0.00	0.00	617	0.00	0.00	1,506
Other Investing Activities, net	-27	-5.04	-8.33	-7.45	18	49	-20	-19	-26	12	-36
Net Cash From Discontinued Investing Activities	-	-	-	-39	-43	-17	-3.63	-0.53	-16	-14	-4.41
Net Cash From Financing Activities	-1,172	-840	-1,077	-1,363	-1,591	310	1,053	-1,269	464	-960	-2,146
Net Cash From Continuing Financing Activities	-1,172	-840	-1,077	-1,363	-1,589	310	1,053	-1,269	464	-960	-2,146
Repayment of Debt	-4.76	427	-441	-254	-870	-656	-23	-507	-508	-909	-1,751
Payment of Dividends	-479	-565	-636	-685	-767	-749	-757	-773	-703	-303	-140
Issuance of Debt	4.76	0.00	1,001	686	-	1,653	1,778	324	1,734	255	-252
Issuance of Common Equity	35	31	-	90	199	155	54	-	-2.79	-2.85	-2.73
Other Financing Activities, net	-	-	-	0.00	-	906	0.00	0.00	-57	0.00	0.00
Effect of Exchange Rate Changes	-65	-67	-6.65	2.97	15	-27	-31	-73	-81	-22	7.22

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/1/2023	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
Net Change in Cash & Equivalents	-8.20	-308	489	-312	-37	-125	857	-940	217	-213	1,044
Net Cash From Operating Activities	164	-183	1,125	-91	20	-302	918	-171	-145	-227	1,010
Net Cash From Continuing Operating Activities	164	-224	1,036	39	-31	-322	911	-171	-145	-227	1,010
Net Income / (Loss) Continuing Operations	-57	-457	-92	-363	-152	309	169	-150	-116	190	301
Consolidated Net Income / (Loss)	-57	-451	-42	-418	-259	52	168	-151	-116	190	301
Depreciation Expense	67	70	86	96	65	59	60	73	64	70	79
Non-Cash Adjustments To Reconcile Net Income	116	1,017	347	411	94	-37	172	146	112	111	46
Changes in Operating Assets and Liabilities, net	38	-854	694	-105	-38	-652	510	-240	-206	-598	584
Net Cash From Investing Activities	-91	-59	-42	20	-11	-9.77	1,467	-18	-49	-41	548
Net Cash From Continuing Investing Activities	-91	-55	-39	12	-9.04	-5.36	1,467	-18	-49	-41	548
Purchase of Property, Plant & Equipment	-62	-32	-21	-31	-24	-21	-18	-22	-28	-27	-33
Acquisitions	-23	-18	-9.33	-15	-16	-9.62	-3.48	-11	-17	-8.68	-11
Sale of Property, Plant & Equipment	1.17	-0.89	0.10	26	46	31	11	0.17	0.61	0.30	-0.14
Other Investing Activities, net	-7.14	-3.88	-8.84	32	-15	-6.06	-8.60	-5.90	-4.22	-6.15	-8.76
Net Cash From Financing Activities	-72	-54	-610	-224	-37	163	-1,486	-786	339	63	-528
Net Cash From Continuing Financing Activities	-72	-54	-610	-224	-37	163	-1,486	-786	339	63	-528
Repayment of Debt	-0.61	-908	-0.27	-0.27	-0.28	-0.28	-1,000	-750	-1.82	-11	-0.10
Payment of Dividends	-117	-117	-35	-35	-35	-35	-35	-35	-35	-35	-35
Issuance of Debt	47	971	-574	-188	-0.23	199	-450	-0.89	380	109	-492
Issuance of Common Equity	-	-	-	-	-	-	-	-	-4.52	-0.08	-0.55
Effect of Exchange Rate Changes	-9.33	-12	16	-17	-8.34	23	-43	36	72	-7.65	14

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	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	1/3/2015	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
Total Assets	9,845	9,640	9,739	9,959	10,357	11,133	13,754	13,342	13,990	11,613	9,378
Total Current Assets	4,032	4,163	4,293	4,378	4,673	5,027	4,786	4,588	5,153	4,227	3,786
Cash & Equivalents	972	944	1,228	563	402	1,369	816	1,276	815	656	429
Accounts Receivable	1,276	1,290	1,149	1,430	1,373	1,308	1,298	1,468	1,610	1,263	1,322
Inventories, net	1,483	1,555	1,425	1,707	1,173	1,294	1,062	1,419	2,293	1,698	1,627
Other Current Assets	301	284	294	297	426	445	424	426	435	493	408
Plant, Property, & Equipment, net	942	945	896	1,015	876	0.00	0.00	1,042	942	789	721
Total Noncurrent Assets	4,872	4,531	4,550	4,566	4,807	6,106	8,968	7,712	7,895	6,597	4,871
Goodwill	1,825	1,788	1,555	1,693	1,492	1,156	2,425	2,394	1,978	645	603
Intangible Assets	2,434	1,949	1,534	2,090	1,907	1,855	3,030	3,000	2,643	1,776	1,711
Other Noncurrent Operating Assets	613	584	922	784	768	3,096	3,513	2,318	3,274	2,466	2,556
Total Liabilities & Shareholders' Equity	9,845	9,640	9,739	9,959	10,357	11,133	13,754	13,342	13,990	11,613	9,378
Total Liabilities	4,214	4,255	4,798	6,239	6,058	7,776	10,698	9,812	11,080	9,955	7,890
Total Current Liabilities	1,614	1,942	1,785	2,744	2,662	3,024	2,210	3,315	3,546	3,457	2,698
Short-Term Debt	26	453	280	736	664	1,230	12	837	936	1,265	552
Accounts Payable	691	681	620	761	490	407	463	563	936	788	790
Accrued Expenses	897	782	812	1,147	1,125	1,260	1,610	1,916	1,674	1,324	1,356
Total Noncurrent Liabilities	2,600	2,313	3,013	3,495	3,397	4,752	8,487	6,496	7,534	6,498	5,192
Long-Term Debt	1,414	1,402	2,039	2,188	2,116	2,608	5,709	4,584	5,711	4,702	3,426
Other Noncurrent Operating Liabilities	1,187	900	886	1,307	1,235	2,144	2,778	1,912	1,823	1,723	1,767
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	5,631	5,385	4,941	3,720	4,299	3,357	3,056	3,530	2,911	1,658	1,487
Total Preferred & Common Equity	5,631	5,385	4,941	3,720	4,299	3,357	3,056	3,530	2,911	1,658	1,487
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	5,631	5,385	4,941	3,720	4,299	3,357	3,056	3,530	2,911	1,658	1,487
Common Stock	3,101	3,299	3,437	3,622	4,021	4,281	3,876	4,013	3,873	3,697	3,638
Retained Earnings	3,232	3,129	2,545	1,024	1,180	7.31	190	443	57	-975	-1,173
Accumulated Other Comprehensive Income / (Loss)	-702	-1,043	-1,041	-926	-902	-931	-1,009	-927	-1,020	-1,064	-978

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

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/2/2016	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.45%	0.27%	-23.87%	7.12%	0.00%	2.16%	-11.92%	28.17%	-1.94%	-9.97%	-4.14%
EBITDA Growth	-7.24%	-13.87%	-32.49%	8.54%	-22.65%	-18.75%	-24.38%	125.96%	-75.58%	-34.30%	194.24%
EBIT Growth	-8.19%	-16.74%	-36.01%	9.64%	-24.72%	-24.04%	-32.15%	184.47%	-87.46%	-104.94%	346.90%
NOPAT Growth	-8.16%	-4.49%	-75.41%	-36.97%	29.52%	-19.55%	-41.14%	175.86%	-31.12%	-102.66%	243.99%
Net Income Growth	17.57%	-12.79%	-42.75%	-42.75%	0.00%	-46.07%	-39.97%	240.05%	-91.45%	-917.04%	80.42%
EPS Growth	19.75%	-10.88%	-40.16%	-40.16%	0.00%	-46.03%	-38.82%	239.42%	-91.22%	-903.23%	80.72%
Operating Cash Flow Growth	-31.69%	23.01%	-0.40%	-0.40%	0.00%	-47.45%	50.16%	-34.19%	-175.88%	254.71%	-54.15%
Free Cash Flow Firm Growth	-34.25%	33.71%	-102.41%	-87.85%	2,051.40%	-72.74%	-273.50%	148.67%	-132.11%	2,117.15%	-87.94%
Invested Capital Growth	-1.08%	-9.56%	6.30%	11.44%	-20.09%	3.42%	29.17%	11.23%	13.91%	-39.44%	-4.89%
Revenue Q/Q Growth	-8.15%	5.16%	-23.02%	-1.31%	-17.77%	4.17%	5.48%	2.09%	-0.73%	-0.68%	0.16%
EBITDA Q/Q Growth	-7.35%	-7.44%	-28.40%	-7.66%	-26.27%	-21.15%	98.81%	4.33%	-43.76%	-22.71%	112.78%
EBIT Q/Q Growth	-8.44%	-8.98%	-31.16%	-8.59%	-29.22%	-26.62%	286.00%	4.88%	-63.95%	-109.62%	2,806.17%
NOPAT Q/Q Growth	-7.22%	-0.92%	-74.08%	-20.72%	-27.27%	-32.29%	195.52%	0.39%	37.08%	-138.09%	1,278.87%
Net Income Q/Q Growth	18.25%	-4.27%	-36.57%	-20.62%	-6.00%	-47.41%	346.56%	-0.62%	-71.38%	-26.57%	58.51%
EPS Q/Q Growth	16.80%	-6.27%	-35.59%	-16.02%	-5.41%	-47.21%	373.68%	-0.56%	-71.03%	-26.40%	59.32%
Operating Cash Flow Q/Q Growth	5.14%	-3.30%	2.40%	-53.31%	35.69%	-18.21%	11.77%	-10.76%	14.45%	-20.95%	-14.66%
Free Cash Flow Firm Q/Q Growth	-24.29%	40.36%	-102.56%	-44.48%	153.46%	-47.05%	-220.90%	139.35%	82.14%	-3.68%	-43.51%
Invested Capital Q/Q Growth	-14.45%	-22.09%	-10.31%	-14.43%	-8.84%	-5.78%	39.93%	1.35%	-4.74%	-6.88%	1.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	49.04%	49.30%	54.15%	50.51%	54.65%	55.28%	52.69%	54.51%	52.50%	52.01%	53.49%
EBITDA Margin	17.44%	14.98%	13.28%	15.18%	13.51%	10.74%	9.22%	16.26%	4.05%	2.95%	5.83%
Operating Margin	14.96%	13.20%	10.52%	12.81%	11.59%	8.85%	6.58%	13.78%	2.82%	-0.33%	3.20%
EBIT Margin	14.97%	12.43%	10.45%	12.72%	11.02%	8.19%	6.31%	14.00%	1.79%	-0.10%	3.10%
Profit (Net Income) Margin	11.20%	9.74%	7.33%	5.21%	12.27%	6.48%	4.41%	11.71%	1.02%	-9.27%	-2.00%
Tax Burden Percent	78.73%	83.61%	78.05%	43.41%	121.33%	93.43%	89.35%	91.05%	273.95%	414.61%	-130.69%
Interest Burden Percent	95.04%	93.76%	89.85%	94.28%	91.80%	84.64%	78.30%	91.85%	20.82%	2,273.86%	49.31%
Effective Tax Rate	22.20%	16.02%	65.98%	49.09%	16.17%	13.48%	22.25%	20.15%	-173.95%	0.00%	52.24%
Return on Invested Capital (ROIC)	21.10%	21.28%	5.34%	12.56%	17.16%	15.28%	7.72%	17.88%	10.94%	-0.34%	2.81%
ROIC Less NNEP Spread (ROIC-NNEP)	12.47%	-4.19%	29.57%	6.16%	31.55%	6.63%	5.50%	19.98%	-4.68%	-20.30%	-6.51%
Return on Net Nonoperating Assets (RNNOA)	1.26%	-0.47%	8.86%	4.04%	6.36%	2.47%	5.00%	24.23%	-7.25%	-42.07%	-14.87%
Return on Equity (ROE)	22.36%	20.80%	14.20%	16.60%	23.52%	17.75%	12.72%	42.11%	3.68%	-42.41%	-12.06%
Cash Return on Invested Capital (CROIC)	22.18%	31.32%	-0.77%	1.74%	39.49%	11.92%	-17.74%	7.25%	-2.07%	48.78%	7.82%
Operating Return on Assets (OROA)	16.89%	14.14%	8.90%	14.82%	10.92%	8.00%	4.68%	12.24%	1.52%	-0.08%	2.81%
Return on Assets (ROA)	12.64%	11.09%	6.24%	6.07%	12.16%	6.32%	3.28%	10.24%	0.87%	-7.57%	-1.81%
Return on Common Equity (ROCE)	22.36%	20.80%	14.20%	16.60%	23.52%	17.75%	12.72%	42.11%	3.68%	-42.41%	-12.06%
Return on Equity Simple (ROE_SIMPLE)	22.87%	21.74%	16.53%	-	29.31%	20.24%	13.35%	39.29%	4.07%	-58.42%	0.00%
Net Operating Profit after Tax (NOPAT)	1,280	1,222	301	770	998	803	472	1,303	898	-24	145
NOPAT Margin	11.64%	11.08%	3.58%	6.52%	9.72%	7.65%	5.11%	11.01%	7.73%	-0.23%	1.53%
Net Nonoperating Expense Percent (NNEP)	8.63%	25.47%	-24.23%	6.40%	-14.39%	8.64%	2.22%	-2.09%	15.62%	19.96%	9.32%
Return On Investment Capital (ROIC_SIMPLE)	17.68%	16.84%	4.52%	-	14.09%	11.16%	5.38%	14.56%	9.39%	-0.31%	2.65%
Cost of Revenue to Revenue	50.96%	50.70%	45.85%	49.49%	45.35%	44.72%	47.31%	45.49%	47.50%	47.99%	46.51%
SG&A Expenses to Revenue	34.08%	35.38%	43.62%	37.70%	43.05%	43.35%	45.89%	40.73%	43.35%	47.48%	49.35%
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	34.08%	36.10%	43.62%	37.70%	43.05%	46.43%	46.11%	40.73%	49.68%	52.33%	50.29%
Earnings before Interest and Taxes (EBIT)	1,646	1,370	877	1,502	1,131	859	583	1,658	208	-10	294
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,918	1,652	1,115	1,793	1,387	1,127	852	1,925	470	309	554
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.53	3.28	5.94	6.90	6.22	5.73	8.82	5.55	2.87	3.52	4.06
Price to Tangible Book Value (P/TBV)	11.53	8.75	0.00	0.00	29.75	55.51	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.73	1.47	2.63	2.16	2.61	1.84	2.92	1.66	0.72	0.56	0.63
Price to Earnings (P/E)	15.43	15.09	35.94	41.40	21.24	28.33	66.10	14.13	70.54	0.00	0.00
Dividend Yield	2.98%	3.91%	3.08%	2.73%	2.87%	3.90%	2.82%	3.93%	8.41%	5.19%	2.32%
Earnings Yield	6.48%	6.63%	2.78%	2.42%	4.71%	3.53%	1.51%	7.08%	1.42%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.30	3.17	4.22	4.41	5.64	4.07	4.53	3.09	1.62	2.11	1.90
Enterprise Value to Revenue (EV/Rev)	1.81	1.57	2.91	2.41	2.84	2.07	3.38	2.01	1.22	1.07	1.01
Enterprise Value to EBITDA (EV/EBITDA)	10.38	10.47	21.94	15.91	21.01	19.28	36.69	12.33	30.19	36.10	17.30
Enterprise Value to EBIT (EV/EBIT)	12.10	12.62	27.90	18.99	25.76	25.28	53.63	14.32	68.28	0.00	32.55
Enterprise Value to NOPAT (EV/NOPAT)	15.56	14.15	81.39	37.03	29.20	27.06	66.18	18.22	15.81	0.00	66.06
Enterprise Value to Operating Cash Flow (EV/OCF)	16.54	11.68	16.59	19.34	17.51	24.84	23.81	27.48	0.00	10.99	20.60
Enterprise Value to Free Cash Flow (EV/FCFF)	14.80	9.61	0.00	267.25	12.69	34.70	0.00	44.93	0.00	3.26	23.73
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.47	0.79	1.02	0.65	1.14	1.87	1.54	2.28	3.60	2.67
Long-Term Debt to Equity	0.26	0.41	0.59	0.60	0.49	0.78	1.87	1.30	1.96	2.84	2.30
Financial Leverage	0.10	0.11	0.30	0.66	0.20	0.37	0.91	1.21	1.55	2.07	2.28
Leverage Ratio	1.77	1.88	2.27	2.74	2.41	2.81	3.88	4.11	4.24	5.60	6.67
Compound Leverage Factor	1.68	1.76	2.04	2.58	2.21	2.38	3.04	3.78	0.88	127.42	3.29
Debt to Total Capital	25.62%	31.94%	44.00%	50.38%	39.28%	53.34%	65.18%	60.56%	69.55%	78.25%	72.79%
Short-Term Debt to Total Capital	6.26%	3.85%	11.07%	20.61%	9.38%	17.09%	0.14%	9.35%	9.79%	16.59%	10.11%
Long-Term Debt to Total Capital	19.36%	28.09%	32.93%	29.77%	29.89%	36.25%	65.04%	51.21%	59.75%	61.67%	62.68%
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	74.38%	68.06%	56.00%	49.62%	60.72%	46.66%	34.82%	39.44%	30.45%	21.75%	27.21%
Debt to EBITDA	0.97	1.40	2.62	2.09	2.00	3.41	6.71	2.82	14.13	19.32	7.18
Net Debt to EBITDA	0.47	0.66	2.12	1.71	1.71	2.19	5.05	2.15	12.40	17.19	6.41
Long-Term Debt to EBITDA	0.73	1.23	1.96	1.23	1.53	2.31	6.70	2.38	12.14	15.22	6.18
Debt to NOPAT	1.45	1.90	9.73	4.86	2.79	4.78	12.11	4.16	7.40	-250.26	27.42
Net Debt to NOPAT	0.71	0.89	7.85	3.98	2.38	3.08	9.12	3.18	6.50	-222.73	24.46
Long-Term Debt to NOPAT	1.10	1.67	7.28	2.87	2.12	3.25	12.08	3.52	6.36	-197.22	23.61
Altman Z-Score	5.11	4.30	3.60	4.23	4.39	2.90	2.57	2.66	1.48	1.21	1.54
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	2.14	2.40	1.60	1.49	1.76	1.66	2.17	1.38	1.45	1.22	1.40
Quick Ratio	1.15	1.33	0.73	0.67	0.67	0.89	1.23	0.83	0.68	0.56	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,345	1,799	-43	107	2,296	626	-1,086	529	-170	3,424	404
Operating Cash Flow to CapEx	378.75%	842.00%	1,051.94%	869.73%	618.67%	303.46%	702.60%	405.95%	-987.26%	851.14%	0.00%
Free Cash Flow to Firm to Interest Expense	15.16	18.99	-0.43	1.05	21.31	4.12	-8.01	3.77	-0.97	13.97	2.32
Operating Cash Flow to Interest Expense	13.56	15.63	14.46	14.46	15.45	5.76	9.68	6.17	-3.76	4.14	2.67
Operating Cash Flow Less CapEx to Interest Expense	9.98	13.77	13.09	12.80	12.95	3.86	8.30	4.65	-4.14	3.65	2.68
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.13	1.14	0.85	1.17	0.99	0.98	0.74	0.87	0.85	0.82	0.91
Accounts Receivable Turnover	8.57	9.04	6.51	8.32	7.48	7.83	7.09	8.56	7.55	7.28	7.35
Inventory Turnover	3.69	3.75	2.46	3.28	3.97	3.80	3.71	4.34	2.97	2.51	2.66
Fixed Asset Turnover	11.65	11.98	8.79	11.66	11.72	0.00	0.00	0.00	11.70	12.08	12.59
Accounts Payable Turnover	8.17	8.59	5.57	8.70	9.51	10.46	10.05	10.50	7.36	5.82	5.60
Days Sales Outstanding (DSO)	42.59	40.37	56.06	43.86	48.80	46.64	51.48	42.63	48.38	50.16	49.63
Days Inventory Outstanding (DIO)	98.95	97.29	148.46	111.41	91.96	95.99	98.36	84.04	122.80	145.15	137.26
Days Payable Outstanding (DPO)	44.66	42.47	65.48	41.96	38.38	34.89	36.34	34.77	49.61	62.74	65.14
Cash Conversion Cycle (CCC)	96.87	95.19	139.03	113.30	102.38	107.74	113.51	91.90	121.57	132.58	121.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,033	5,456	5,800	6,464	5,165	5,342	6,901	7,675	8,743	5,295	5,036
Invested Capital Turnover	1.81	1.92	1.49	1.93	1.77	2.00	1.51	1.62	1.41	1.49	1.84
Increase / (Decrease) in Invested Capital	-66	-577	344	664	-1,298	177	1,558	775	1,067	-3,448	-259
Enterprise Value (EV)	19,913	17,298	24,462	28,523	29,136	21,719	31,266	23,748	14,197	11,153	9,583
Market Capitalization	19,002	16,207	22,102	25,460	26,758	19,250	26,959	19,603	8,365	5,842	6,034
Book Value per Share	$12.63	$11.94	$9.41	$9.14	$10.87	$8.51	$7.80	$9.08	$7.49	$4.27	$3.82
Tangible Book Value per Share	$3.87	$4.48	($0.16)	($0.31)	$2.27	$0.88	($6.12)	($4.79)	($4.40)	($1.96)	($2.12)
Total Capital	7,240	7,260	6,643	7,432	7,079	7,195	8,777	8,951	9,558	7,625	5,466
Total Debt	1,855	2,319	2,923	3,744	2,780	3,838	5,721	5,421	6,647	5,967	3,978
Total Long-Term Debt	1,402	2,039	2,188	2,213	2,116	2,608	5,709	4,584	5,711	4,702	3,426
Net Debt	910	1,091	2,360	3,063	2,378	2,469	4,307	4,145	5,832	5,311	3,549
Capital Expenditures (CapEx)	318	176	140	170	269	288	187	213	66	119	-1.96
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,730	1,560	1,806	2,395	2,274	1,864	1,173	833	1,728	1,378	1,211
Debt-free Net Working Capital (DFNWC)	2,674	2,787	2,369	3,076	2,676	3,233	2,587	2,109	2,543	2,035	1,641
Net Working Capital (NWC)	2,221	2,508	1,634	1,544	2,012	2,003	2,575	1,273	1,607	770	1,088
Net Nonoperating Expense (NNE)	48	148	-314	155	-262	123	65	-84	779	945	335
Net Nonoperating Obligations (NNO)	648	515	2,080	2,776	867	1,985	3,844	4,145	5,832	3,637	3,549
Total Depreciation and Amortization (D&A)	272	282	238	291	256	268	269	267	262	319	260
Debt-free, Cash-free Net Working Capital to Revenue	15.73%	14.14%	21.51%	20.28%	22.15%	17.77%	12.70%	7.04%	14.88%	13.18%	12.74%
Debt-free Net Working Capital to Revenue	24.32%	25.28%	28.22%	26.04%	26.07%	30.82%	28.01%	17.81%	21.90%	19.46%	17.26%
Net Working Capital to Revenue	20.20%	22.74%	19.46%	13.08%	19.60%	19.10%	27.88%	10.75%	13.84%	7.36%	11.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.90	$2.58	$1.54	$1.54	$3.19	$1.72	$1.05	$3.55	$0.31	($2.49)	($0.49)
Adjusted Weighted Average Basic Shares Outstanding	424.47M	414.09M	396.69M	399.22M	395.19M	395.41M	389.66M	390.29M	387.76M	388.36M	389.15M
Adjusted Diluted Earnings per Share	$2.85	$2.54	$1.52	$1.52	$3.15	$1.70	$1.04	$3.53	$0.31	($2.49)	($0.48)
Adjusted Weighted Average Diluted Shares Outstanding	424.47M	414.09M	396.69M	403.56M	400.50M	399.94M	392.12M	392.41M	388.37M	388.36M	392.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$1.54	$3.19	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	424.47M	414.09M	396.69M	399.30M	397.15M	388.85M	392.15M	388.32M	388.68M	388.89M	389.74M
Normalized Net Operating Profit after Tax (NOPAT)	1,280	1,289	618	770	998	1,082	488	1,303	744	331	275
Normalized NOPAT Margin	11.64%	11.69%	7.37%	6.52%	9.72%	10.32%	5.28%	11.01%	6.41%	3.17%	2.89%
Pre Tax Income Margin	14.23%	11.65%	9.39%	11.99%	10.11%	6.93%	4.94%	12.86%	0.37%	-2.24%	1.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	18.54	14.47	8.60	14.73	10.50	5.66	4.30	11.84	1.19	-0.04	1.69
NOPAT to Interest Expense	14.42	12.90	2.95	7.55	9.26	5.29	3.48	9.30	5.15	-0.10	0.83
EBIT Less CapEx to Interest Expense	14.96	12.61	7.22	13.07	8.00	3.76	2.92	10.32	0.81	-0.53	1.70
NOPAT Less CapEx to Interest Expense	10.84	11.05	1.57	5.89	6.76	3.39	2.10	7.78	4.77	-0.58	0.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	45.90%	59.21%	111.34%	111.34%	60.89%	110.19%	185.55%	55.75%	592.70%	-31.29%	-73.88%
Augmented Payout Ratio	105.38%	152.36%	306.55%	306.55%	72.85%	257.37%	185.55%	78.34%	595.06%	-31.58%	-73.88%

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/1/2023	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.75%	-5.21%	-21.26%	-2.61%	-8.58%	-5.55%	1.93%	0.69%	-0.47%	1.62%	1.48%
EBITDA Growth	53.99%	1,254.34%	-95.85%	-93.95%	-419.29%	-20.65%	1,144.09%	95.33%	64.75%	14.71%	62.44%
EBIT Growth	59.94%	448.01%	-112.30%	-70.20%	-1,825.65%	-21.56%	474.67%	77.72%	31.35%	15.10%	70.45%
NOPAT Growth	-114.19%	-710.53%	-111.11%	-76.75%	-2,567.85%	146.69%	403.96%	81.51%	29.60%	-8.09%	23.45%
Net Income Growth	-2.62%	-280.55%	-108.36%	-94.66%	-350.82%	111.58%	495.22%	63.95%	55.04%	263.69%	79.31%
EPS Growth	-7.14%	-274.19%	-108.40%	-94.55%	-346.67%	111.21%	490.91%	65.42%	55.22%	269.23%	76.74%
Operating Cash Flow Growth	145.65%	67.09%	1,297.79%	-151.31%	-87.88%	-64.96%	-18.40%	-87.63%	-833.54%	24.73%	10.06%
Free Cash Flow Firm Growth	46.36%	286.63%	432.75%	375.30%	446.10%	-5.46%	-73.13%	-93.45%	-101.78%	-43.65%	-21.33%
Invested Capital Growth	6.14%	-21.55%	-38.05%	-39.44%	-22.22%	-15.16%	-12.79%	-4.89%	-0.02%	-8.57%	-9.78%
Revenue Q/Q Growth	-23.85%	39.96%	-4.79%	-4.04%	-28.51%	44.60%	2.75%	-24.35%	-17.87%	59.18%	2.61%
EBITDA Q/Q Growth	156.43%	667.15%	-94.36%	-894.92%	7.11%	290.66%	-11.63%	-104.90%	-46.91%	1,920.34%	23.96%
EBIT Q/Q Growth	92.47%	2,873.76%	-117.87%	-356.05%	14.79%	212.98%	-14.66%	-137.53%	2.34%	467.94%	26.39%
NOPAT Q/Q Growth	94.41%	-8,086.37%	87.61%	-211.66%	15.64%	243.27%	-19.31%	-126.28%	-18.83%	464.74%	8.38%
Net Income Q/Q Growth	73.28%	-684.84%	90.58%	-885.37%	38.11%	120.15%	221.55%	-189.87%	22.80%	263.02%	58.54%
EPS Q/Q Growth	72.73%	-673.33%	90.52%	-872.73%	37.38%	119.40%	230.77%	-186.05%	18.92%	260.00%	58.33%
Operating Cash Flow Q/Q Growth	-7.94%	-211.78%	715.31%	-108.10%	121.75%	-1,620.93%	404.40%	-118.63%	14.96%	-56.06%	545.11%
Free Cash Flow Firm Q/Q Growth	57.21%	364.30%	156.89%	-5.24%	-46.21%	-27.80%	-26.99%	-77.45%	-128.62%	1,296.03%	1.94%
Invested Capital Q/Q Growth	-1.40%	-21.88%	-15.57%	-6.88%	26.62%	-14.79%	-13.20%	1.56%	3.05%	0.64%	-14.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.78%	51.02%	54.64%	49.75%	51.99%	52.23%	56.29%	53.29%	53.90%	52.18%	56.62%
EBITDA Margin	2.61%	14.32%	0.85%	-7.02%	-9.13%	12.03%	10.35%	-0.67%	-1.20%	13.71%	16.56%
Operating Margin	-0.43%	12.00%	-3.28%	-10.66%	-12.58%	9.93%	7.97%	-3.40%	-4.92%	11.15%	10.05%
EBIT Margin	-0.60%	11.93%	-2.24%	-10.64%	-12.68%	9.91%	8.23%	-4.08%	-4.85%	11.22%	13.82%
Profit (Net Income) Margin	-2.75%	-15.43%	-1.53%	-15.68%	-13.57%	1.89%	5.92%	-7.03%	-6.61%	6.77%	10.46%
Tax Burden Percent	92.21%	-146.69%	38.13%	113.88%	87.01%	22.63%	85.31%	129.31%	91.95%	70.73%	82.91%
Interest Burden Percent	495.88%	88.20%	178.88%	129.41%	123.02%	84.38%	84.34%	133.24%	148.11%	85.31%	91.29%
Effective Tax Rate	0.00%	247.00%	0.00%	0.00%	0.00%	12.16%	14.01%	0.00%	0.00%	29.27%	17.09%
Return on Invested Capital (ROIC)	-0.41%	-25.98%	-3.25%	-11.11%	-11.81%	14.18%	13.09%	-4.38%	-6.30%	13.77%	16.93%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.37%	-24.69%	-2.80%	-15.74%	-13.43%	9.91%	12.32%	-7.16%	-7.75%	12.99%	18.98%
Return on Net Nonoperating Assets (RNNOA)	-2.41%	-46.73%	-4.87%	-32.63%	-36.71%	24.19%	22.28%	-16.35%	-22.26%	36.26%	32.70%
Return on Equity (ROE)	-2.82%	-72.71%	-8.12%	-43.74%	-48.51%	38.37%	35.37%	-20.73%	-28.56%	50.02%	49.63%
Cash Return on Invested Capital (CROIC)	2.23%	20.10%	47.83%	48.78%	22.58%	12.57%	13.34%	7.82%	3.76%	11.84%	15.70%
Operating Return on Assets (OROA)	-0.51%	9.99%	-1.75%	-8.69%	-10.19%	7.90%	7.22%	-3.70%	-4.25%	9.37%	12.62%
Return on Assets (ROA)	-2.31%	-12.93%	-1.19%	-12.80%	-10.90%	1.51%	5.20%	-6.37%	-5.79%	5.65%	9.55%
Return on Common Equity (ROCE)	-2.82%	-72.71%	-8.12%	-43.74%	-48.51%	38.37%	35.37%	-20.73%	-28.56%	50.02%	49.63%
Return on Equity Simple (ROE_SIMPLE)	4.31%	-9.73%	-36.29%	0.00%	-84.32%	-47.46%	-27.21%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-6.29	-515	-64	-199	-168	241	194	-51	-61	221	240
NOPAT Margin	-0.30%	-17.65%	-2.30%	-7.46%	-8.80%	8.72%	6.85%	-2.38%	-3.44%	7.89%	8.33%
Net Nonoperating Expense Percent (NNEP)	0.96%	-1.29%	-0.45%	4.63%	1.62%	4.27%	0.77%	2.78%	1.45%	0.78%	-2.05%
Return On Investment Capital (ROIC_SIMPLE)	-0.07%	-5.80%	-0.77%	-2.61%	-2.29%	3.15%	3.07%	-0.93%	-1.04%	3.62%	4.03%
Cost of Revenue to Revenue	47.22%	48.98%	45.36%	50.25%	48.01%	47.77%	43.71%	46.71%	46.10%	47.82%	43.38%
SG&A Expenses to Revenue	53.21%	39.02%	48.67%	51.02%	56.97%	42.30%	46.52%	54.91%	58.82%	41.03%	45.50%
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	53.21%	39.02%	57.92%	60.40%	64.57%	42.30%	48.32%	56.69%	58.82%	41.03%	46.57%
Earnings before Interest and Taxes (EBIT)	-13	348	-62	-284	-242	273	233	-88	-85	314	397
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	55	418	24	-187	-174	332	293	-14	-21	384	476
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.61	3.01	3.38	3.52	3.73	5.37	5.02	4.06	3.55	3.89	4.05
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)	0.62	0.59	0.68	0.56	0.50	0.75	0.83	0.63	0.48	0.60	0.75
Price to Earnings (P/E)	60.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	63.68	32.35
Dividend Yield	8.84%	8.23%	5.41%	5.19%	4.28%	1.86%	1.66%	2.32%	3.06%	2.44%	1.95%
Earnings Yield	1.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.57%	3.09%
Enterprise Value to Invested Capital (EV/IC)	1.51	1.91	2.17	2.11	1.57	2.33	2.36	1.90	1.63	1.91	2.22
Enterprise Value to Revenue (EV/Rev)	1.14	1.14	1.17	1.07	1.02	1.31	1.15	1.01	0.89	1.04	1.03
Enterprise Value to EBITDA (EV/EBITDA)	26.53	13.62	30.91	36.10	130.59	0.00	44.43	17.30	14.31	15.52	12.02
Enterprise Value to EBIT (EV/EBIT)	57.26	19.04	115.67	0.00	0.00	0.00	0.00	32.55	25.45	26.60	18.40
Enterprise Value to NOPAT (EV/NOPAT)	18.94	0.00	197.35	0.00	0.00	0.00	0.00	66.06	43.74	63.25	38.86
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	53.81	9.63	10.99	12.05	17.68	21.49	20.60	28.29	26.61	21.24
Enterprise Value to Free Cash Flow (EV/FCFF)	69.46	8.35	3.48	3.26	6.07	17.01	16.50	23.73	43.47	15.39	13.40
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.47	3.02	2.94	3.60	4.29	4.44	2.77	2.67	3.51	3.13	2.33
Long-Term Debt to Equity	2.11	2.56	2.25	2.84	2.84	2.86	2.31	2.30	2.76	2.40	1.99
Financial Leverage	1.76	1.89	1.74	2.07	2.73	2.44	1.81	2.28	2.87	2.79	1.72
Leverage Ratio	4.49	5.08	4.96	5.60	6.23	7.01	6.11	6.67	8.09	7.93	6.06
Compound Leverage Factor	22.27	4.48	8.87	7.25	7.67	5.92	5.16	8.89	11.99	6.76	5.53
Debt to Total Capital	71.18%	75.14%	74.64%	78.25%	81.10%	81.61%	73.45%	72.79%	77.84%	75.81%	69.96%
Short-Term Debt to Total Capital	10.47%	11.52%	17.47%	16.59%	27.42%	28.94%	12.06%	10.11%	16.78%	17.78%	10.08%
Long-Term Debt to Total Capital	60.71%	63.62%	57.17%	61.67%	53.67%	52.67%	61.39%	62.68%	61.06%	58.02%	59.88%
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	28.82%	24.86%	25.36%	21.75%	18.90%	18.39%	26.55%	27.21%	22.16%	24.19%	30.04%
Debt to EBITDA	13.71	7.08	15.53	19.32	74.10	-1,038.58	17.63	7.18	7.66	7.21	5.04
Net Debt to EBITDA	12.06	6.57	13.09	17.19	66.17	-956.69	12.43	6.41	6.57	6.56	3.26
Long-Term Debt to EBITDA	11.69	5.99	11.90	15.22	49.04	-670.31	14.73	6.18	6.01	5.52	4.31
Debt to NOPAT	9.79	-21.52	99.18	-250.26	-32.10	-26.10	-270.13	27.42	23.40	29.39	16.28
Net Debt to NOPAT	8.61	-19.96	83.59	-222.73	-28.66	-24.05	-190.54	24.46	20.09	26.73	10.54
Long-Term Debt to NOPAT	8.35	-18.22	75.97	-197.22	-21.25	-16.85	-225.77	23.61	18.36	22.50	13.94
Altman Z-Score	1.30	1.41	1.25	1.13	0.97	1.33	1.68	1.41	1.15	1.38	1.64
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	1.37	1.48	1.23	1.22	0.99	1.30	1.56	1.40	1.27	1.36	1.55
Quick Ratio	0.53	0.67	0.57	0.56	0.38	0.46	0.84	0.65	0.53	0.61	0.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-505	1,335	3,428	3,249	1,748	1,262	921	208	-59	711	725
Operating Cash Flow to CapEx	269.96%	-554.74%	5,459.61%	-1,807.06%	0.00%	0.00%	13,177.31%	-784.55%	-526.25%	-865.88%	3,090.40%
Free Cash Flow to Firm to Interest Expense	-9.15	29.23	65.10	35.50	29.50	27.21	21.25	5.18	-1.36	14.33	18.23
Operating Cash Flow to Interest Expense	2.96	-4.00	21.36	-1.00	0.33	-6.50	21.18	-4.27	-3.33	-4.58	25.42
Operating Cash Flow Less CapEx to Interest Expense	1.87	-4.73	20.97	-1.05	0.68	-6.28	21.02	-4.81	-3.97	-5.10	24.60
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.84	0.84	0.78	0.82	0.80	0.80	0.88	0.91	0.88	0.83	0.91
Accounts Receivable Turnover	9.28	6.07	7.33	7.28	9.05	5.46	7.68	7.35	8.55	5.15	6.95
Inventory Turnover	2.13	2.09	2.16	2.51	2.02	2.15	2.48	2.66	2.08	2.23	2.55
Fixed Asset Turnover	11.72	12.06	11.61	12.08	11.83	12.32	12.71	12.59	12.83	13.21	13.63
Accounts Payable Turnover	4.74	5.43	5.45	5.82	4.06	4.61	4.92	5.60	3.79	4.00	4.35
Days Sales Outstanding (DSO)	39.32	60.14	49.77	50.16	40.31	66.80	47.55	49.63	42.69	70.81	52.55
Days Inventory Outstanding (DIO)	171.48	174.55	169.07	145.15	180.65	169.41	147.47	137.26	175.24	163.67	143.21
Days Payable Outstanding (DPO)	77.07	67.18	66.99	62.74	90.00	79.13	74.26	65.14	96.20	91.24	83.86
Cash Conversion Cycle (CCC)	133.72	167.51	151.86	132.58	130.96	157.08	120.76	121.75	121.73	143.24	111.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,620	6,734	5,686	5,295	6,704	5,713	4,959	5,036	5,190	5,223	4,474
Invested Capital Turnover	1.37	1.47	1.42	1.49	1.34	1.63	1.91	1.84	1.83	1.74	2.03
Increase / (Decrease) in Invested Capital	499	-1,850	-3,492	-3,448	-1,915	-1,021	-727	-259	-1.18	-490	-485
Enterprise Value (EV)	12,982	12,856	12,353	11,153	10,493	13,298	11,714	9,583	8,485	9,965	9,918
Market Capitalization	7,079	6,660	7,121	5,842	5,177	7,549	8,436	6,034	4,587	5,754	7,228
Book Value per Share	$6.99	$5.68	$5.42	$4.27	$3.57	$3.61	$4.32	$3.82	$3.32	$3.78	$4.57
Tangible Book Value per Share	($4.88)	($1.84)	($1.49)	($1.96)	($6.54)	($2.62)	($1.70)	($2.12)	($2.70)	($1.58)	($0.72)
Total Capital	9,426	8,891	8,317	7,625	7,342	7,648	6,328	5,466	5,832	6,108	5,940
Total Debt	6,710	6,681	6,208	5,967	5,954	6,242	4,648	3,978	4,540	4,630	4,156
Total Long-Term Debt	5,722	5,657	4,755	4,702	3,941	4,029	3,885	3,426	3,561	3,544	3,557
Net Debt	5,903	6,196	5,232	5,311	5,317	5,750	3,278	3,549	3,898	4,211	2,689
Capital Expenditures (CapEx)	61	33	21	5.05	-20	-10	6.97	22	28	26	33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,578	2,238	1,416	1,378	1,316	3,198	1,189	1,211	1,272	2,027	897
Debt-free Net Working Capital (DFNWC)	2,384	2,723	2,392	2,035	1,953	3,690	2,558	1,641	1,915	2,446	2,364
Net Working Capital (NWC)	1,397	1,699	939	770	-60	1,476	1,795	1,088	936	1,360	1,765
Net Nonoperating Expense (NNE)	51	-65	-21	219	91	188	26	100	56	31	-61
Net Nonoperating Obligations (NNO)	5,903	4,524	3,577	3,637	5,317	4,306	3,278	3,549	3,898	3,745	2,689
Total Depreciation and Amortization (D&A)	67	70	86	96	68	59	60	73	64	70	79
Debt-free, Cash-free Net Working Capital to Revenue	13.80%	19.85%	13.45%	13.18%	12.81%	31.62%	11.69%	12.74%	13.40%	21.25%	9.36%
Debt-free Net Working Capital to Revenue	20.85%	24.15%	22.72%	19.46%	19.01%	36.48%	25.16%	17.26%	20.16%	25.64%	24.67%
Net Working Capital to Revenue	12.22%	15.06%	8.92%	7.36%	-0.58%	14.60%	17.65%	11.45%	9.86%	14.26%	18.42%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.15)	($1.16)	($0.11)	($1.07)	($0.67)	$0.13	$0.43	($0.38)	($0.30)	$0.49	$0.77
Adjusted Weighted Average Basic Shares Outstanding	388.16M	388.34M	388.38M	388.36M	388.74M	389.04M	389.22M	389.15M	390.02M	390.65M	390.92M
Adjusted Diluted Earnings per Share	($0.15)	($1.16)	($0.11)	($1.07)	($0.67)	$0.13	$0.43	($0.37)	($0.30)	$0.48	$0.76
Adjusted Weighted Average Diluted Shares Outstanding	388.16M	388.34M	388.38M	388.36M	388.74M	390.95M	393.91M	392.57M	390.02M	393.99M	397.16M
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	388.87M	388.88M	388.82M	388.89M	389.18M	389.32M	389.57M	389.74M	390.62M	390.72M	391.26M
Normalized Net Operating Profit after Tax (NOPAT)	-6.29	245	116	-199	-66	241	238	-51	-61	221	265
Normalized NOPAT Margin	-0.30%	8.40%	4.18%	-7.46%	-3.48%	8.72%	8.40%	-2.38%	-3.44%	7.89%	9.22%
Pre Tax Income Margin	-2.99%	10.52%	-4.00%	-13.77%	-15.60%	8.36%	6.94%	-5.44%	-7.19%	9.57%	12.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.23	7.63	-1.18	-3.10	-4.08	5.89	5.38	-2.18	-1.96	6.34	10.00
NOPAT to Interest Expense	-0.11	-11.29	-1.21	-2.18	-2.84	5.19	4.48	-1.27	-1.39	4.46	6.03
EBIT Less CapEx to Interest Expense	-1.32	6.91	-1.57	-3.16	-3.74	6.12	5.22	-2.73	-2.59	5.81	9.18
NOPAT Less CapEx to Interest Expense	-1.21	-12.01	-1.60	-2.23	-2.49	5.41	4.32	-1.82	-2.02	3.93	5.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	533.89%	-254.59%	-50.25%	-31.29%	-18.93%	-20.98%	-30.64%	-73.88%	-297.01%	155.43%	62.92%
Augmented Payout Ratio	533.89%	-254.59%	-50.25%	-31.58%	-18.93%	-20.98%	-30.64%	-73.88%	-297.01%	155.43%	62.92%

Financials Breakdown Chart

Key Financial Trends

Here are the key points from V.F. Corp (NYSE: VFC) across the last four years, based on the quarterly cash flow statements, income statements, and balance sheets provided. The focus is on notable trends that retail investors may care about.

Revenue growth and profitability: In Q3 2026, operating revenue was 2.876 billion, up from about 2.838 billion in Q3 2025 (roughly +1.3%). Net income from continuing operations rose to about 300.8 million in Q3 2026, up from 169.1 million in Q3 2025, with diluted earnings per share improving to about $0.76. This points to improved profitability on a year-over-year basis.
Operating cash flow strength: Cash flow from continuing operating activities was about 1.010 billion in Q3 2026, higher than about 0.911 billion in Q3 2025, indicating sustained operating cash generation.
Solid liquidity and free cash flow potential: Cash and equivalents increased to around 1.466 billion at Q3 2026 from about 1.369 billion a year earlier. After accounting for roughly 32.6 million in capital expenditures in that quarter, the company shows robust free cash flow potential supporting shareholder returns and debt management.
Stability in shareholder returns indicators: The company continued to provide a per-share dividend of 0.09 USD, aligning with ongoing shareholder return plans. The earnings backdrop supports ongoing coverage of the dividend through solid cash flow.
Earnings volatility within the four-year window: The quarterly results include periods of volatility, notably a Q4 2025 net loss, before a rebound in 2026. This suggests cyclicality or mix shifts that investors should monitor.
Debt and leverage profile: Long-term debt sits around 3.56 billion with total liabilities generally above 8.5–8.8 billion across recent quarters, indicating meaningful leverage but a relatively stable risk profile over the period.
Working capital dynamics: Accounts receivable rose modestly to about 1.42 billion in Q3 2026 from around 1.34 billion in Q3 2025, while inventories at times fluctuated but showed a year-over-year change that warrants watching how the company manages inventory turns alongside demand.
Financing outflows persist: Net cash from financing activities was negative in multiple quarters (for example, about -527.7 million in Q3 2026), reflecting cash used for dividends, debt service, and other financing activities rather than net cash inflows from issuance of equity or debt in that period.
Debt burden and interest costs: While interest expense varies by quarter, the company’s leverage and the interest burden remain a headwind to margin improvement in some periods, as seen in quarterly fluctuations in pretax income and interest expense.

05/08/26 11:05 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 financial year ends in March. Their financial year 2025 ended on March 29, 2025.

V.F.'s net income appears to be on a downward trend, with a most recent value of -$189.72 million in 2025, falling from $1.05 billion in 2014. The previous period was -$968.88 million in 2024. See V.F.'s forecast for analyst expectations on what's next for the company.

V.F.'s total operating income in 2025 was $303.77 million, based on the following breakdown:

Total Gross Profit: $5.08 billion
Total Operating Expenses: $4.78 billion

Over the last 10 years, V.F.'s total revenue changed from $11.88 billion in 2014 to $9.50 billion in 2025, a change of -20.0%.

V.F.'s total liabilities were at $7.89 billion at the end of 2025, a 20.7% decrease from 2024, and a 87.2% increase since 2014.

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 $429.38 million as of their latest financial filing in 2025.

Over the last 10 years, V.F.'s book value per share changed from 12.63 in 2015 to 3.82 in 2025, a change of -69.8%.

Related Companies

Financial statements for NYSE:VFC last updated on 2/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

V.F. (VFC) Financials

Financials Breakdown Chart

Key Financial Trends

V.F. Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

V.F. (VFC) Financials

Annual Income Statements for V.F.

Quarterly Income Statements for V.F.

Annual Cash Flow Statements for V.F.

Quarterly Cash Flow Statements for V.F.

Annual Balance Sheets for V.F.

Quarterly Balance Sheets for V.F.

Annual Metrics And Ratios for V.F.

Quarterly Metrics And Ratios for V.F.

Financials Breakdown Chart

Key Financial Trends

V.F. Financials - Frequently Asked Questions

When does V.F.'s fiscal year end?

How has V.F.'s net income changed over the last 10 years?

What is V.F.'s operating income?

How has V.F.'s revenue changed over the last 10 years?

How much debt does V.F. have?

How much cash does V.F. have?

How has V.F.'s book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools