NYSE : VFC
V.F. Corporation — Financial statements
Consumer Discretionary · Apparel Manufacturing · United States
Last price 18.33 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.22B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
V.F. Corporation (VFC) reported revenue of 9.41B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 9.41B | 9.61B | 9.50B | 9.92B | 11.09B | 11.84B |
| Cost of Revenue | 4.05B | 4.33B | 4.42B | 4.80B | 5.29B | 5.38B |
| Gross Profit | 5.36B | 5.27B | 5.09B | 5.12B | 5.80B | 6.46B |
| Selling, General & Admin | 4.59B | 4.63B | 4.61B | 4.64B | 4.82B | 4.77B |
| Operating Expenses | 4.59B | 4.63B | 4.61B | 4.64B | 4.82B | 4.77B |
| Operating Income | 771.79M | 643.54M | 470.73M | 474.69M | 984.17M | 1.69B |
| Interest Expense | -135.58M | -166.77M | -174.14M | -185.93M | -152.52M | -136.47M |
| Interest & Investment Income | 25.86M | 18.03M | 24.89M | 20.25M | 8.86M | 5.01M |
| Currency Exchange Gain (Loss) | 3.17M | 4.30M | -1.69M | -253.00K | -10.37M | -219.00K |
| Other Non Operating Income (Expenses) | -24.28M | -22.17M | 12.16M | -991.00K | -15.67M | 4.81M |
| EBT Excluding Unusual Items | 640.96M | 476.94M | 331.96M | 307.76M | 814.48M | 1.56B |
| Merger & Restructuring Charges | -14.32M | -39.02M | -81.96M | -110.72M | -74.78M | -20.00M |
| Impairment of Goodwill | -30.72M | -30.72M | -38.24M | -507.57M | ||
| Gain (Loss) on Sale of Investments | -15.60M | |||||
| Gain (Loss) on Sale of Assets | 127.21M | 127.21M | ||||
| Asset Writedown | -51.00M | -6.40M | ||||
| Legal Settlements | 29.10M | |||||
| Other Unusual Items | -283.57M | -193.20M | -3.50M | -1.90M | -11.14M | |
| Pretax Income | 439.57M | 341.22M | 145.16M | -284.92M | 737.79M | 1.52B |
| Income Tax Expense | 69.91M | 86.30M | 75.84M | 733.56M | -17.94M | 306.98M |
| Earnings From Continuing Operations | 369.66M | 254.92M | 69.32M | -1.02B | 755.73M | 1.22B |
| Earnings From Discontinued Operations | -259.04M | 49.59M | -637.15M | 170.67M | ||
| Net Income | 369.66M | 254.92M | -189.72M | -968.88M | 118.58M | 1.39B |
| Net Income to Common | 369.66M | 254.92M | -189.72M | -968.88M | 118.58M | 1.39B |
| Shares Outstanding (Basic) | 391.94M | 390.74M | 389.15M | 388.36M | 387.76M | 390.29M |
| Shares Outstanding (Diluted) | 399.38M | 395.88M | 392.57M | 388.36M | 388.37M | 392.41M |
| EPS (Basic) | 0.94 | 0.65 | -0.49 | -2.49 | 0.31 | 3.55 |
| EPS (Diluted) | 0.92 | 0.64 | -0.49 | -2.49 | 0.31 | 3.53 |
| Free Cash Flow | 691.07M | 556.57M | 378.96M | 878.82M | -807.78M | 618.84M |
| Free Cash Flow Per Share | 1.73 | 1.41 | 0.96 | 2.26 | -2.08 | 1.58 |
| Dividend Per Share | 0.36 | 0.36 | 0.36 | 0.78 | 1.81 | 1.98 |
| Gross Margin | 56.99% | 54.89% | 53.51% | 51.60% | 52.31% | 54.53% |
| Operating Margin | 8.21% | 6.70% | 4.95% | 4.79% | 8.88% | 14.25% |
| Profit Margin | 3.93% | 2.65% | -2.00% | -9.77% | 1.07% | 11.71% |
| Free Cash Flow Margin | 7.35% | 5.79% | 3.99% | 8.86% | -7.28% | 5.23% |
| EBITDA | 1.03B | 923.30M | 729.01M | 782.22M | 1.23B | 1.95B |
| EBITDA Margin | 10.99% | 9.61% | 7.67% | 7.89% | 11.07% | 16.45% |
| D&A For EBITDA | 261.73M | 279.75M | 258.28M | 307.53M | 243.91M | 259.92M |
| EBIT | 771.79M | 643.54M | 470.73M | 474.69M | 984.17M | 1.69B |
| EBIT Margin | 8.21% | 6.70% | 4.95% | 4.79% | 8.88% | 14.25% |
| Effective Tax Rate | 15.90% | 25.29% | 52.24% | 20.15% | ||
| Advertising Expenses | 849.30M | 818.80M | 820.60M | 844.80M | 840.60M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 442.95M | 823.94M | 429.38M | 656.38M | 814.89M | 1.28B |
| Cash & Short-Term Investments | 442.95M | 823.94M | 429.38M | 656.38M | 814.89M | 1.28B |
| Accounts Receivable | 1.89B | 1.43B | 1.32B | 1.26B | 1.61B | 1.47B |
| Other Receivables | 19.55M | 28.11M | 28.08M | 43.71M | ||
| Receivables | 1.89B | 1.45B | 1.35B | 1.29B | 1.66B | 1.47B |
| Inventory | 1.98B | 1.37B | 1.63B | 1.70B | 2.29B | 1.42B |
| Prepaid Expenses | 104.61M | 104.12M | 109.23M | 108.19M | ||
| Restricted Cash | 9.26M | 1.11M | ||||
| Other Current Assets | 338.66M | 261.20M | 273.35M | 472.11M | 280.55M | 423.45M |
| Total Current Assets | 4.66B | 4.01B | 3.79B | 4.23B | 5.15B | 4.59B |
| Property, Plant & Equipment | 2.01B | 2.00B | 1.98B | 2.04B | 2.31B | 2.29B |
| Long-Term Investments | 43.90M | 38.49M | 39.76M | 27.54M | 14.36M | |
| Goodwill | 586.26M | 587.71M | 603.39M | 645.36M | 1.98B | 2.39B |
| Other Intangible Assets | 1.46B | 1.69B | 1.96B | 2.06B | 2.99B | 3.32B |
| Long-Term Deferred Tax Assets | 626.32M | 575.55M | 477.26M | 95.12M | 100.98M | |
| Long-Term Deferred Charges | 36.85M | 30.97M | 26.34M | 24.74M | 34.68M | |
| Other Long-Term Assets | 1.24B | 303.56M | 394.86M | 2.09B | 1.41B | 604.43M |
| Total Assets | 9.96B | 9.29B | 9.38B | 11.61B | 13.99B | 13.34B |
| Accounts Payable | 1.28B | 826.35M | 789.57M | 788.48M | 936.32M | 562.99M |
| Accrued Expenses | 889.47M | 751.49M | 775.00M | 751.42M | 850.33M | 947.37M |
| Short-Term Debt | 34.22M | 10.14M | 11.92M | 263.94M | 11.49M | 335.46M |
| Current Portion of Long-Term Debt | 499.56M | 539.57M | 999.74M | 923.35M | 500.00M | |
| Current Portion of Leases | 330.95M | 333.47M | 309.75M | 296.02M | 333.17M | 355.00M |
| Current Income Taxes Payable | 94.26M | 96.04M | 110.63M | 314.46M | 424.13M | |
| Current Unearned Revenue | 75.84M | 76.92M | 78.42M | 66.13M | 62.21M | 71.07M |
| Other Current Liabilities | 47.93M | 88.54M | 97.59M | 180.63M | 114.42M | 119.38M |
| Total Current Liabilities | 3.16B | 2.18B | 2.70B | 3.46B | 3.55B | 3.32B |
| Long-Term Debt | 3.00B | 3.52B | 3.41B | 4.69B | 5.70B | 4.57B |
| Long-Term Leases | 1.13B | 1.12B | 1.09B | 1.10B | 1.19B | 1.04B |
| Pension & Post-Retirement Benefits | 72.99M | 77.69M | 78.63M | 72.83M | 111.17M | |
| Long-Term Deferred Tax Liabilities | 21.06M | 14.55M | 9.97M | 107.55M | 150.40M | |
| Other Long-Term Liabilities | 626.56M | 525.34M | 595.25M | 619.43M | 469.54M | 626.86M |
| Total Liabilities | 7.92B | 7.44B | 7.89B | 9.95B | 11.08B | 9.81B |
| Common Stock | 98.39M | 97.88M | 97.42M | 97.21M | 97.17M | 97.08M |
| Additional Paid-In Capital | 3.46B | 3.49B | 3.54B | 3.60B | 3.78B | 3.92B |
| Retained Earnings | -757.38M | -928.83M | -1.17B | -974.58M | 57.09M | 443.48M |
| Comprehensive Income & Other | -771.78M | -807.05M | -977.74M | -1.06B | -1.02B | -926.58M |
| Shareholders' Equity | 2.03B | 1.85B | 1.49B | 1.66B | 2.91B | 3.53B |
| Total Liabilities & Equity | 9.96B | 9.29B | 9.38B | 11.61B | 13.99B | 13.34B |
| Total Debt | 5.00B | 4.98B | 5.37B | 7.35B | 8.15B | 6.80B |
| Net Cash (Debt) | -4.56B | -4.16B | -4.94B | -6.69B | -7.34B | -5.52B |
| Net Cash Per Share | -11.41 | -10.51 | -12.58 | -17.23 | -18.89 | -14.07 |
| Filing Date Shares Outstanding | 393.64M | 391.77M | 389.74M | 388.89M | 388.68M | 388.32M |
| Total Common Shares Outstanding | 393.57M | 391.52M | 389.70M | 388.84M | 388.67M | 388.30M |
| Working Capital | 1.50B | 1.83B | 1.09B | 769.97M | 1.61B | 1.27B |
| Book Value Per Share | 5.17 | 4.72 | 3.82 | 4.26 | 7.49 | 9.09 |
| Tangible Book Value | -13.42M | -424.92M | -1.08B | -1.05B | -2.06B | -2.18B |
| Tangible Book Value Per Share | -0.03 | -1.09 | -2.77 | -2.70 | -5.30 | -5.62 |
| Land | 59.48M | 61.73M | 65.89M | 69.40M | 91.05M | |
| Buildings | 810.54M | 817.38M | 846.50M | 896.97M | 965.80M | |
| Machinery | 965.36M | 1.01B | 997.46M | 1.05B | 1.07B |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 369.66M | 254.92M | -189.72M | -968.88M | 118.58M | 1.39B |
| Depreciation & Amortization | 261.73M | 279.75M | 258.28M | 307.53M | 243.91M | 259.92M |
| Loss (Gain) From Sale of Assets | -127.21M | -127.21M | ||||
| Asset Writedown & Restructuring Costs | 31.49M | 31.49M | 90.58M | 507.57M | 8.02M | 7.02M |
| Stock-Based Compensation | 78.88M | 76.95M | 73.25M | 57.83M | 40.04M | 91.36M |
| Provision & Write-off of Bad Debts | 10.18M | 9.48M | 15.38M | 11.17M | 3.53M | -716.00K |
| Other Operating Activities | 614.21M | 635.41M | 511.49M | 847.40M | 1.06B | 32.30M |
| Change in Accounts Receivable | -14.42M | -166.71M | -100.80M | 323.50M | -141.68M | -202.53M |
| Change in Inventory | -127.86M | 173.52M | 54.10M | 521.28M | -882.77M | -380.85M |
| Change in Accounts Payable | 233.20M | 26.71M | -2.30M | -111.99M | 380.79M | 105.36M |
| Change in Income Taxes | -21.62M | -47.32M | 9.37M | -156.20M | -1.13B | 201.39M |
| Change in Other Net Operating Assets | -478.53M | -475.73M | -281.13M | -454.49M | -357.06M | -641.99M |
| Operating Cash Flow | 829.71M | 671.27M | 465.24M | 1.01B | -655.79M | 864.29M |
| Capital Expenditures | -138.64M | -114.71M | -86.27M | -135.76M | -151.99M | -245.45M |
| Sale of Property, Plant & Equipment | 22.59M | 868.00K | 88.23M | 26.52M | 99.48M | 32.54M |
| Cash Acquisitions | 3.76M | |||||
| Divestitures | 588.66M | 600.52M | 1.51B | 616.93M | ||
| Sale (Purchase) of Intangibles | -55.19M | -51.10M | -39.75M | -61.48M | -93.14M | -82.87M |
| Investment in Securities | 598.81M | |||||
| Other Investing Activities | -24.18M | -28.49M | -40.34M | -1.54M | -42.41M | -19.98M |
| Investing Cash Flow | 393.23M | 407.10M | 1.43B | -172.26M | -188.05M | 903.74M |
| Short-Term Debt Issued | 255.15M | 324.40M | ||||
| Long-Term Debt Issued | 2.06B | |||||
| Total Debt Issued | -465.83M | 255.15M | 2.06B | 324.40M | ||
| Short-Term Debt Repaid | -2.32M | -252.02M | -323.97M | |||
| Long-Term Debt Repaid | -582.81M | -1.75B | -908.20M | -501.05M | -504.20M | |
| Total Debt Repaid | -584.57M | -585.13M | -2.00B | -908.20M | -825.02M | -504.20M |
| Net Debt Issued (Repaid) | -1.05B | -585.13M | -2.00B | -653.05M | 1.23B | -179.80M |
| Issuance of Common Stock | 699.00K | 699.00K | 36.65M | |||
| Repurchase of Common Stock | -4.85M | -2.73M | -2.85M | -2.79M | -350.00M | |
| Common Dividends Paid | -141.23M | -140.74M | -140.16M | -303.14M | -702.85M | -773.21M |
| Other Financing Activities | -12.60M | -576.00K | -63.77M | -2.50M | ||
| Financing Cash Flow | -1.20B | -737.78M | -2.15B | -959.62M | 463.91M | -1.27B |
| Foreign Exchange Rate Adjustments | -10.21M | 60.28M | 7.22M | -22.07M | -80.82M | -73.30M |
| Net Cash Flow | 16.96M | 400.87M | -245.48M | -139.36M | -460.76M | 425.88M |
| Free Cash Flow | 691.07M | 556.57M | 378.96M | 878.82M | -807.78M | 618.84M |
| Free Cash Flow Margin | 7.35% | 5.79% | 3.99% | 8.86% | -7.28% | 5.23% |
| Free Cash Flow Per Share | 1.73 | 1.41 | 0.96 | 2.26 | -2.08 | 1.58 |
| Levered Free Cash Flow | 648.26M | 660.98M | 544.06M | 735.38M | -314.27M | 1.38B |
| Unlevered Free Cash Flow | 733.00M | 765.21M | 652.90M | 851.58M | -218.94M | 1.47B |
| Cash Interest Paid | 145.11M | 145.11M | 162.92M | 175.82M | 138.62M | 123.48M |
| Cash Income Tax Paid | 171.78M | 171.78M | 162.56M | 349.98M | 1.11B | 263.73M |
| Change in Working Capital | -409.23M | -489.53M | -320.77M | 122.10M | -2.13B | -918.62M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.20B | 6.42B | 6.11B | 5.96B | 8.90B | 21.99B |
| Enterprise Value | 11.76B | 10.29B | 10.49B | 12.32B | 15.83B | 27.00B |
| Last Close Price | 18.30 | 16.20 | 15.15 | 14.50 | 20.78 | 48.66 |
| PE Ratio | 19.93 | 25.17 | 75.09 | 15.85 | ||
| Forward PE | 14.89 | 16.74 | 16.06 | 12.81 | 11.06 | 16.13 |
| PS Ratio | 0.77 | 0.67 | 0.64 | 0.60 | 0.80 | 1.86 |
| PB Ratio | 3.54 | 3.47 | 4.11 | 3.60 | 3.06 | 6.23 |
| P/FCF Ratio | 10.42 | 11.53 | 16.13 | 6.79 | 35.53 | |
| P/OCF Ratio | 8.68 | 9.56 | 13.14 | 5.88 | 25.44 | |
| PEG Ratio | 0.65 | 0.95 | 0.92 | 5.79 | 4.58 | 0.55 |
| EV/Sales Ratio | 1.25 | 1.07 | 1.10 | 1.24 | 1.43 | 2.28 |
| EV/EBITDA Ratio | 11.38 | 11.14 | 14.39 | 15.75 | 12.89 | 13.86 |
| EV/EBIT Ratio | 15.24 | 15.99 | 22.29 | 25.95 | 16.09 | 16.00 |
| EV/FCF Ratio | 17.02 | 18.49 | 27.69 | 14.02 | 43.63 | |
| Debt / Equity Ratio | 2.46 | 2.69 | 3.61 | 4.43 | 2.80 | 1.93 |
| Debt / EBITDA Ratio | 3.11 | 3.36 | 4.17 | 5.44 | 4.60 | 2.72 |
| Debt / FCF Ratio | 7.24 | 8.95 | 14.16 | 8.36 | 10.99 | |
| Net Debt / Equity Ratio | 2.24 | 2.25 | 3.32 | 4.04 | 2.52 | 1.56 |
| Net Debt / EBITDA Ratio | 4.41 | 4.50 | 6.77 | 8.56 | 5.97 | 2.84 |
| Net Debt / FCF Ratio | 6.59 | 7.47 | 13.03 | 7.62 | -9.08 | 8.92 |
| Asset Turnover | 0.91 | 1.03 | 0.91 | 0.78 | 0.81 | 0.87 |
| Inventory Turnover | 2.11 | 2.89 | 2.66 | 2.40 | 2.85 | 4.34 |
| Quick Ratio | 0.74 | 1.04 | 0.66 | 0.56 | 0.70 | 0.83 |
| Current Ratio | 1.48 | 1.84 | 1.40 | 1.22 | 1.45 | 1.38 |
| Return on Equity (ROE) | 21.06% | 15.28% | 4.41% | -44.58% | 23.47% | 36.93% |
| Return on Assets (ROA) | 4.68% | 4.31% | 2.80% | 2.32% | 4.50% | 7.79% |
| Return on Invested Capital (ROIC) | 10.27% | 7.73% | 3.04% | 5.10% | 10.20% | 14.93% |
| Return on Capital Employed (ROCE) | 11.40% | 9.10% | 7.00% | 5.80% | 9.40% | 16.80% |
| Earnings Yield | 5.02% | 3.97% | -3.10% | -16.24% | 1.33% | 6.31% |
| FCF Yield | 9.59% | 8.67% | 6.20% | 14.73% | -9.07% | 2.81% |
| Dividend Yield | 1.97% | 2.20% | 2.30% | 5.08% | 7.90% | 3.50% |
| Payout Ratio | 39.21% | 55.21% | 592.70% | 55.75% | ||
| Buyback Yield / Dilution | -1.37% | -0.84% | -1.08% | 0.00% | 1.03% | -0.07% |
| Total Shareholder Return | 0.60% | 1.35% | 1.21% | 5.09% | 8.93% | 3.42% |