V.F. Corporation (VFC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	-$0.22	-$0.27	-22.7%	—	$1.7B	—
Q4 26	-$0.02	-$0.3	-1400.0%	—	$2.2B	—
Q3 26	$0.44	$0.56	+27.3%	—	$2.9B	—
Q2 26	$0.42	$0.52	+23.8%	—	$2.8B	—
Q1 26	-$0.34	-$0.24	+29.4%	—	$1.8B	—
Q4 25	-$0.14	-$0.13	+7.1%	—	$2.1B	—
Q3 25	$0.34	$0.62	+82.4%	—	$2.8B	—
Q2 25	$0.37	$0.6	+62.2%	—	$2.8B	—
Q1 25	-$0.37	-$0.33	+10.8%	—	$1.9B	—
Q4 24	$0.01	-$0.32	-3300.0%	—	$2.4B	—
Q3 24	$0.78	$0.57	-26.9%	—	$2.8B	—
Q2 24	$0.65	$0.63	-3.1%	—	$2.9B	—
Q1 24	-$0.11	-$0.15	-36.4%	—	$2.1B	—
Q4 23	$0.14	$0.17	+21.4%	—	$2.7B	—
Q3 23	$0.99	$1.12	+13.1%	—	$3.5B	—
Q2 23	$0.73	$0.73	0.0%	—	$3.1B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$0.65	—	—	$9.6B	—
FY25	—	-$0.49	—	—	$9.5B	—
FY24	—	-$2.49	—	—	$10.5B	—
FY23	—	$0.31	—	—	$11.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$8.4B	$3B	$10.3B	$10.5B	$9.2B	$11.8B	$11.6B	$10.5B	$9.5B	$9.6B
YoY change	-23.9%	-63.7%	+237.1%	+2.16%	-11.9%	+28.2%	-1.94%	-9.97%	-9.09%	+1.06%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	8.4B	3B	10.3B	10.5B	9.2B	11.8B	11.6B	10.5B	9.5B	9.6B
Cost of revenue	3.8B	1.5B	4.7B	4.7B	4.4B	5.4B	5.5B	5B	4.4B	4.3B
Gross profit	4.5B	1.5B	5.6B	5.8B	4.9B	6.5B	6.1B	5.4B	5.1B	5.3B
Gross margin	54.1%	50.5%	54.6%	55.3%	52.7%	54.5%	52.5%	52%	53.5%	54.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.7B	1.2B	4.4B	4.5B	4.2B	4.8B	5B	5B	4.7B	4.7B
Operating expenses	3.7B	1.2B	4.4B	4.5B	4.2B	4.8B	5B	5B	4.7B	4.7B
Operating income	883.4M	310.1M	1.2B	1.3B	628M	1.6B	1.1B	473.5M	393M	607.3M
Operating margin	10.5%	10.2%	11.6%	11.9%	6.8%	13.8%	9.15%	4.53%	4.13%	6.32%
Non-operating income, net	-6.5M	5.2M	-59.1M	-451.6M	-45M	22.5M	-854.8M	-483.8M	-98.6M	-117.3M
Pretax income	787.9M	294.1M	1B	727.2M	456.5M	1.5B	43.3M	-233.7M	145.2M	341.2M
Income tax	519.8M	33M	167.9M	98.1M	101.6M	307M	-75.3M	735.2M	75.8M	86.3M
Net income	614.9M	252.8M	1.3B	679.4M	407.9M	1.4B	118.6M	-968.9M	-189.7M	254.9M
Net margin	7.33%	8.3%	12.3%	6.48%	4.41%	11.7%	1.02%	-9.27%	-2%	2.65%
EBITDA	1.1B	390.1M	1.4B	1.5B	881.6M	1.9B	1.2B	838.1M	668.2M	819.2M
EPS	1.54	0.64	3.19	1.72	1.05	3.55	0.31	-2.49	-0.49	0.65
Diluted EPS	1.52	0.63	3.15	1.7	1.04	3.53	0.31	-2.49	-0.49	0.64

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	2.9B	2.8B	2.4B	1.9B	2.8B	2.8B	2.1B	1.8B	2.8B	2.9B	2.2B	1.7B
Cost of revenue	1.4B	1.3B	1.2B	915.6M	1.3B	1.2B	1B	811.7M	1.3B	1.2B	944.1M	752.3M
Gross profit	1.5B	1.5B	1.1B	991.7M	1.4B	1.6B	1.1B	949M	1.5B	1.6B	1.2B	917M
Gross margin	51%	54.6%	48.4%	52%	52.2%	56.3%	53.3%	53.9%	52.2%	56.6%	56.4%	54.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.1B	1.4B	1.3B	1.1B	1.2B	1.3B	1.2B	1B	1.1B	1.3B	1.2B	1B
Operating expenses	1.1B	1.4B	1.3B	1.1B	1.2B	1.3B	1.2B	1B	1.1B	1.3B	1.2B	1B
Operating income	350.5M	165.9M	-105.3M	-94.9M	273.9M	276.8M	-34.6M	-86.6M	312.6M	319.8M	61.5M	-83.1M
Operating margin	12%	5.97%	-4.44%	-4.98%	9.93%	9.77%	-1.62%	-4.92%	11.2%	11.1%	2.84%	-4.98%
Non-operating income, net	-2.2M	-228.1M	-249.6M	-146.9M	-660K	-43.6M	-52.9M	1.1M	1.9M	77.7M	-198M	791K
Pretax income	307.2M	-111.3M	-409.6M	-297.5M	230.6M	196.7M	-116.6M	-126.6M	268.3M	362.9M	-163.3M	-106.9M
Income tax	758.9M	-19.6M	8.7M	-38.6M	28M	27.6M	33.7M	-10.2M	78.5M	62M	-44M	-9.7M
Net income	-450.7M	-42.5M	-418.3M	-258.9M	52.2M	167.8M	-150.8M	-116.4M	189.8M	300.8M	-119.3M	-97.2M
Net margin	-15.4%	-1.53%	-17.6%	-13.6%	1.89%	5.92%	-7.03%	-6.61%	6.77%	10.5%	-5.51%	-5.82%
EBITDA	422.8M	284.2M	-97.3M	-25.5M	338.7M	351.1M	34.9M	-18.6M	387.7M	512.2M	-62.1M	-18.7M
EPS	-1.16	-0.11	—	-0.67	0.13	0.43	-0.39	-0.3	0.49	0.77	—	-0.25
Diluted EPS	-1.16	-0.11	—	-0.67	0.13	0.43	-0.39	-0.3	0.48	0.76	—	-0.25

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	27.8B	27.6B	32.3B	21.4B	31.1B	22.2B	8.9B	6B	6B	6.6B	5.7B
Enterprise value	30.2B	30.6B	34.7B	25.2B	37.1B	27.7B	16.2B	12.7B	11B	10.8B	9.8B
Shares outstanding	399.2M	395.3M	395.2M	395.4M	389.7M	390.3M	387.8M	388.4M	389.2M	390.7M	390.7M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	45.2	109.1	25.7	31.5	76.4	16	74.9	—	—	26	20.5
P/S	3.31	9.06	3.15	2.04	3.37	1.87	0.77	0.57	0.64	0.69	0.58
P/B	7.48	7.48	7.52	6.37	10.2	6.29	3.05	3.59	4.06	3.59	1.5
EV/EBITDA	26.7	78.6	24.8	17.2	42.1	14.4	13.3	15.2	16.4	13.2	11
EV/Sales	3.59	10.1	3.38	2.41	4.01	2.34	1.4	1.22	1.15	1.12	1.03
Earnings yield	2.21%	0.92%	3.9%	3.18%	1.31%	6.25%	1.33%	—	—	3.84%	4.88%
FCF yield	4.57%	-1.15%	4.31%	2.53%	3.34%	2.42%	-10.3%	13.5%	5.62%	7.61%	5.72%
PEG	—	—	—	—	—	—	—	—	—	—	-1.23

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	54.1%	50.5%	54.6%	55.3%	52.7%	54.5%	52.5%	52%	53.5%	54.8%	54.9%
Operating margin	10.5%	10.2%	11.6%	11.9%	6.8%	13.8%	9.15%	4.53%	4.13%	6.32%	-5.53%
Net margin	7.33%	8.3%	12.3%	6.48%	4.41%	11.7%	1.02%	-9.27%	-2%	2.65%	2.88%
ROE	16.5%	6.85%	29.3%	20.2%	13.3%	39.3%	4.07%	-58.4%	-12.8%	13.8%	17.9%
ROA	6.17%	2.45%	12.2%	6.1%	2.97%	10.4%	0.85%	-8.34%	-2.02%	2.74%	3.96%
ROIC	4.94%	4.08%	14.9%	15%	5.42%	14.4%	10.4%	5.63%	2.92%	7.57%	7.67%
Return on tangible assets	31.9%	9.42%	40.4%	14.4%	17.6%	72.2%	2.93%	-34.2%	-4.47%	5.38%	5.11%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.6	1.49	1.76	1.66	2.17	1.38	1.45	1.22	1.4	1.84	1.43
Quick ratio	0.97	0.9	1.32	1.23	1.68	0.96	0.81	0.71	0.8	1.21	0.78
Debt / equity	0.79	1.02	0.65	1.55	2.41	1.93	2.8	4.48	3.61	2.69	2.81
Debt / assets	0.29	0.36	0.27	0.47	0.54	0.51	0.58	0.64	0.57	0.54	0.52
Net debt / EBITDA	2.09	7.85	1.7	2.61	6.75	2.86	6.04	8.06	7.39	5.06	5.23
Interest coverage	8.73	13.1	10.6	8.9	4.36	12.2	1.25	0.05	1.83	3.05	3.35
Effective tax rate	66%	11.2%	16.2%	13.5%	22.3%	20.2%	0%	0%	52.2%	25.3%	24%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	21	7.71	26	26.5	23.7	30.3	29.9	26.9	24.4	24.6	24.3
EPS (basic)	1.54	0.64	3.19	1.72	1.05	3.55	0.31	-2.49	-0.49	0.65	0.65
EPS (diluted)	1.52	0.63	3.15	1.7	1.04	3.53	0.31	-2.49	-0.49	0.64	0.69
Book value per share	9.32	9.33	10.9	8.49	7.84	9.05	7.51	4.27	3.82	4.73	9.45
FCF per share	3.18	-0.8	3.53	1.37	2.67	1.37	-2.36	2.07	0.87	1.29	1.48
Cash per share	1.41	1.72	1.02	3.46	3.63	3.27	2.1	1.74	1.1	2.14	1.7
Capex per share	—	—	—	—	—	—	—	—	—	0.29	0.32

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	1.19%	1.32%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	17.1%	16.7%
Payout ratio	111.3%	71.7%	60.9%	110.2%	185.5%	55.7%	592.7%	-31.3%	-73.9%	55.2%	52.2%
Dividend yield	2.46%	0.66%	2.37%	3.5%	2.43%	3.48%	7.91%	5.09%	2.32%	2.12%	2.51%

Yield

2.51%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.09

ex-dividend Sep 10, 2026

Payout ratio

52%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 10, 2026	$0.09
Jun 10, 2026	$0.09
Mar 10, 2026	$0.09

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$2.9B	$2.8B	$2.4B	$1.9B	$2.8B	$2.8B	$2.1B	$1.8B	$2.8B	$2.9B	$2.2B	$1.7B
YoY change	-5.21%	-21.3%	-13.4%	-8.58%	-5.55%	+1.93%	-9.69%	-7.69%	+1.62%	+1.48%	+1.04%	-5.18%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	563.5M	680.8M	402.2M	1.4B	1.4B	1.3B	814.9M	674.6M	429.4M	836.2M
Receivables	1.4B	1.4B	1.4B	1.3B	1.3B	1.5B	1.6B	1.3B	1.3B	1.4B
Inventory	1.7B	1.9B	1.2B	1.3B	1.1B	1.4B	2.3B	1.8B	1.6B	1.4B
Total current assets	4.4B	4.7B	4.7B	5B	4.8B	4.6B	5.2B	4.2B	3.8B	4B
Property, plant & equipment	-56.2M	-64.5M	-14.7M	1.4B	1.5B	1.3B	1.4B	1.3B	1.2B	1.2B
Goodwill & intangibles	8B	7.6B	7.2B	6.4B	11.4B	11.4B	9.9B	8.8B	5.1B	4.5B
Total assets	10B	10.3B	10.4B	11.1B	13.8B	13.3B	14B	11.6B	9.4B	9.3B
Accounts payable	761M	583M	489.6M	407M	463.2M	563M	936.3M	817.1M	789.6M	826.3M
Short-term debt	735.5M	1.5B	664.3M	1.6B	416.1M	1.2B	1.3B	1.6B	861.2M	343.6M
Total current liabilities	2.7B	3.1B	2.7B	3B	2.2B	3.3B	3.5B	3.5B	2.7B	2.2B
Long-term debt	2.2B	2.2B	2.1B	3.6B	6.9B	5.6B	6.9B	5.9B	4.5B	4.6B
Total liabilities	6.2B	6.6B	6.1B	7.8B	10.7B	9.8B	11.1B	10B	7.9B	7.4B
Shareholders' equity	3.7B	3.7B	4.3B	3.4B	3.1B	3.5B	2.9B	1.7B	1.5B	1.8B
Total debt	2.9B	3.7B	2.8B	5.2B	7.4B	6.8B	8.2B	7.4B	5.4B	5B
Net debt	2.4B	3.1B	2.4B	3.8B	6.5B	5.5B	7.3B	6.8B	4.9B	4.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	498.9M	988M	674.6M	637.4M	492.2M	1.4B	429.4M	642.4M	419.1M	1.5B	836.2M	670.1M
Receivables	1.9B	1.3B	1.3B	1.1B	1.8B	1.3B	1.3B	1.2B	1.9B	1.4B	1.4B	1.2B
Inventory	2.5B	2.1B	1.8B	2.1B	2.1B	1.8B	1.6B	2.1B	1.9B	1.7B	1.4B	1.9B
Total current assets	5.2B	4.9B	4.2B	4.3B	6.5B	5B	3.8B	4.4B	5.1B	5B	4B	4.2B
Property, plant & equipment	2.2B	2.2B	1.3B	2.1B	2.1B	2B	1.2B	2B	2B	2.1B	1.2B	2B
Goodwill & intangibles	9.2B	8.7B	8.8B	7.9B	4.9B	4.7B	5.1B	4.7B	4.2B	4.1B	4.5B	4.1B
Total assets	13.1B	12.6B	11.6B	11.5B	12.2B	10.6B	9.4B	10.2B	10.6B	10.4B	9.3B	9.5B
Accounts payable	992.9M	974.8M	817.1M	1.2B	1.1B	1B	789.6M	1.2B	1.1B	1B	826.3M	1.3B
Short-term debt	1B	1.5B	1.6B	2B	2.2B	763.3M	861.2M	978.9M	1.1B	598.7M	343.6M	834.5M
Total current liabilities	3.5B	4B	3.5B	4.4B	5B	3.2B	2.7B	3.4B	3.8B	3.2B	2.2B	2.9B
Long-term debt	6.8B	5.9B	5.9B	5.1B	5.2B	5B	4.5B	4.7B	4.7B	4.7B	4.6B	4.1B
Total liabilities	10.9B	10.5B	10B	10.2B	10.8B	8.9B	7.9B	8.9B	9.2B	8.6B	7.4B	7.7B
Shareholders' equity	2.2B	2.1B	1.7B	1.4B	1.4B	1.7B	1.5B	1.3B	1.5B	1.8B	1.8B	1.8B
Total debt	7.8B	7.3B	7.4B	7.1B	7.4B	5.8B	5.4B	5.7B	5.8B	5.3B	5B	5B
Net debt	7.3B	6.4B	6.8B	6.5B	6.9B	4.4B	4.9B	5B	5.4B	3.9B	4.2B	4.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	268.1M	252.8M	1.3B	679.4M	354.9M	1.2B	118.6M	-968.9M	69.3M	254.9M
Depreciation & amortization	238.3M	71.5M	255.7M	267.6M	269.1M	266.9M	262.3M	319.2M	259.6M	280.5M
Stock-based compensation	63.9M	25.4M	84.3M	68.2M	70.8M	91.4M	60.4M	67.3M	73.2M	77M
Change in working capital	481.8M	-435.9M	-337.8M	-658M	19.5M	-1B	-2.1B	135.2M	-369.6M	-403.9M
Operating cash flow	960M	-93M	785.4M	714.8M	1.1B	808.4M	-1.4B	-440.4M	286.5M	671.3M
Capital expenditure	—	—	—	—	—	—	—	—	—	-114.7M
Investing cash flow	-533M	17.7M	91.6M	48.5M	-2.6B	1.2B	73.2M	38.7M	1.6B	458.2M
Dividends paid	-684.7M	-181.4M	-767.1M	-748.7M	-756.8M	-773.2M	-702.8M	-303.1M	-140.2M	-140.7M
Share repurchases	-1.2B	-250.3M	-150.7M	-1B	0	-350M	-2.8M	-2.8M	-2.7M	—
Financing cash flow	-1.4B	406.8M	-1.6B	309.7M	1.1B	-1.3B	463.9M	-959.6M	-2.1B	-737.8M
Net change in cash	-936M	331.5M	-714M	1.1B	-450.4M	772.1M	-844.8M	-1.4B	-301M	391.7M
Free cash flow	1.3B	-316.9M	1.4B	540.7M	1B	536M	-917M	803.6M	339.2M	505.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	-457.2M	-91.7M	-418.3M	-258.9M	202.5M	169.1M	-150.3M	-116.4M	189.8M	300.8M	-119.3M	-97.2M
Depreciation & amortization	69.9M	85.8M	-195.3M	67.8M	61.8M	60.1M	73.1M	64.4M	69.8M	78.9M	67.5M	57.8M
Stock-based compensation	14M	13.8M	15.7M	14.7M	17.5M	22M	20.6M	20.7M	17.7M	18.7M	19.9M	22.8M
Change in working capital	-747.5M	602.2M	136M	40.1M	-833.6M	477.3M	-37.4M	-95.6M	-779.3M	579.3M	-108.2M	-20.4M
Operating cash flow	-1.2B	866.6M	-186M	-64M	-650.5M	1B	-75.8M	-32.8M	-227M	1B	33.3M	-62.5M
Capital expenditure	—	—	—	—	—	—	—	—	-26.5M	-32.6M	-27.4M	-39.6M
Investing cash flow	-4.8M	-8.7M	58.2M	30.2M	25M	2.8M	14.5M	-3.6M	-32.4M	-41.5M	-36.6M	-30.6M
Dividends paid	-116.6M	-35M	-35M	-35M	-35M	-35M	-35.1M	-35.1M	-35.2M	-35.2M	-35.2M	-35.4M
Share repurchases	-667K	-211K	-243K	-1.9M	-765K	61K	-102K	-4.5M	-75K	-548K	—	-5.1M
Financing cash flow	-54M	-609.9M	-223.8M	-37.4M	163.4M	-1.5B	-786.3M	339M	62.9M	-527.7M	-617.8M	-40.9M
Net change in cash	-1.3B	248M	-351.7M	-71.2M	-462M	-480M	-847.6M	302.5M	-196.5M	441.3M	-621.1M	-134M
Free cash flow	-233.2M	1.1B	-129.6M	-21.5M	-334M	896.2M	-203.6M	-190.9M	-262.2M	966.5M	-8M	-115.8M

Date	Ratio
May 23, 2019	1062:1000
Dec 23, 2013	4:1
Nov 25, 1997	2:1
May 6, 1986	2:1
Dec 20, 1983	2:1
Dec 21, 1982	2:1

V.F. Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history