V.F. Corporation (VFC) 10-Year Financial Performance & Capital Metrics

VFC • • Industrial / General

Consumer CyclicalApparel ManufacturingOutdoor & Performance ApparelOutdoor Performance Brands

AboutV.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; footwear; equipment; accessories; outdoor-inspired, performance-based, youth culture/action sports-inspired, streetwear, and protective work footwear; handbags, luggage, backpacks, and totes; and work and work-inspired lifestyle apparel and footwear. It provides its products under the North Face, Timberland, Smartwool, Icebreaker, Altra, Vans, Supreme, Kipling, Napapijri, Eastpak, JanSport, Dickies, and Timberland PRO brand names. The company sells its products primarily to specialty stores, department stores, national chains, and mass merchants, as well as sells through direct-to-consumer operations, including retail stores, concession retail stores, and e-commerce sites, and other digital platforms. V.F. Corporation was founded in 1899 and is headquartered in Denver, Colorado.Show more

Revenue $9.5B -4.1%
EBITDA $562M +243.6%
Net Income -$190M +80.4%
EPS (Diluted) -0.49 +80.3%
Gross Margin 53.51% +3.7%
EBITDA Margin 5.91% +258.4%
Operating Margin 3.2% +320.2%
Net Margin -2% +79.6%
ROE -12.06% +67.7%
ROIC 3.1% +350.8%
Debt/Equity 3.61 -19.5%
Interest Coverage 1.74 +325.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 86 (top 14%)
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

✗High debt to equity ratio of 3.6x
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.21%

5Y-1.95%

3Y-7.07%

TTM-0.14%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM113.54%

EPS CAGR

10Y-

5Y-

3Y-

TTM112.72%

ROCE

10Y Avg10.83%

5Y Avg4.68%

3Y Avg0.7%

Latest4.1%

Peer Comparison

Outdoor Performance Brands

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
COLMColumbia Sportswear Company	2.97B	55.09	14.42	-3.4%	5.45%	11.27%	14.53%	0.25
GOOSCanada Goose Holdings Inc.	614.53M	13.34	13.75	1.09%	1.92%	5.18%	44.59%	1.33
PMNTPerfect Moment Ltd. Common Stock	13.6M	0.39	-0.39	-12.04%	-67.45%	-15.77%		2.37
VFCV.F. Corporation	7.49B	19.18	-39.14	-9.09%	0.95%	6.11%	4.53%	3.61

Profit & Loss

	Dec 2015	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Apr 2021	Apr 2022	Mar 2024	Mar 2024	Mar 2025
Sales/Revenue+	11B	11.03B	11.49B	10.27B	10.49B	9.24B	11.84B	10.45B	9.92B	9.5B
Revenue Growth %	-0.07%	0%	0.04%	-0.11%	0.02%	-0.12%	0.28%	0.05%	-0.16%	-0.09%
Cost of Goods Sold+	5.6B	5.57B	5.61B	4.64B	4.67B	4.33B	5.38B	5.01B	4.8B	4.42B
COGS % of Revenue	0.51%	0.5%	0.49%	0.45%	0.45%	0.47%	0.45%	0.48%	0.48%	0.46%
Gross Profit+	5.39B	5.46B	5.89B	5.63B	5.82B	4.91B	6.46B	5.44B	5.12B	5.09B
Gross Margin %	0.49%	0.5%	0.51%	0.55%	0.55%	0.53%	0.55%	0.52%	0.52%	0.54%
Gross Profit Growth %	-0.07%	0.01%	0.08%	-0.04%	0.03%	-0.16%	0.31%	0.06%	-0.21%	-0.07%
Operating Expenses+	3.75B	4B	4.52B	4.43B	4.89B	4.3B	4.82B	5.48B	5.26B	4.78B
OpEx % of Revenue	0.34%	0.36%	0.39%	0.43%	0.47%	0.47%	0.41%	0.52%	0.53%	0.5%
Selling, General & Admin	3.75B	3.9B	4.51B	4.38B	4.53B	4.12B	4.77B	4.82B	4.64B	4.61B
SG&A % of Revenue	0.34%	0.35%	0.39%	0.43%	0.43%	0.45%	0.4%	0.46%	0.47%	0.49%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	106.67M	11.04M	58.12M	360.51M	184.32M	55.46M	658M	618.62M	166.96M
Operating Income+	1.64B	1.46B	1.37B	1.19B	927.8M	607.63M	1.63B	-34.06M	-143.94M	303.77M
Operating Margin %	0.15%	0.13%	0.12%	0.12%	0.09%	0.07%	0.14%	-0%	-0.01%	0.03%
Operating Income Growth %	-0.09%	-0.12%	-0.06%	-0.13%	-0.22%	-0.35%	1.69%	0.76%	-1.09%	9.92%
EBITDA+	1.92B	1.71B	1.65B	1.45B	1.2B	865.45M	1.89B	285.14M	163.59M	562.05M
EBITDA Margin %	0.17%	0.16%	0.14%	0.14%	0.11%	0.09%	0.16%	0.03%	0.02%	0.06%
EBITDA Growth %	-0.08%	-0.11%	-0.03%	-0.12%	-0.17%	-0.28%	1.19%	0.74%	-0.91%	0.97%
D&A (Non-Cash Add-back)	272.07M	254.22M	283.66M	255.73M	267.62M	257.81M	259.92M	319.2M	307.53M	258.28M
EBIT	1.64B	1.56B	1.38B	1.25B	1.29B	791.95M	1.69B	15.59M	474.69M	470.73M
Net Interest Income+	-81.6M	-85.55M	-21.16M	-92.73M	-72.17M	-126.5M	-131.46M	-164.87M	-165.68M	-149.24M
Interest Income	7.15M	9.09M	3.23M	15.01M	19.87M	9.15M	5.01M	9.76M	20.25M	24.89M
Interest Expense	88.75M	94.72M	24.39M	107.74M	92.04M	135.66M	136.47M	174.63M	185.93M	174.14M
Other Income/Expense	-80.57M	-170.74M	-88.96M	-151.87M	-200.6M	-151.16M	-108.95M	-199.62M	-140.99M	-158.61M
Pretax Income+	1.56B	1.28B	1.28B	1.04B	727.21M	456.47M	1.52B	-233.69M	-284.92M	145.16M
Pretax Margin %	0.14%	0.12%	0.11%	0.1%	0.07%	0.05%	0.13%	-0.02%	-0.03%	0.02%
Income Tax+	347.2M	205.86M	641.51M	167.89M	98.06M	101.57M	306.98M	735.2M	733.56M	75.84M
Effective Tax Rate %	0.79%	0.84%	0.52%	1.21%	0.93%	0.89%	0.91%	4.15%	3.4%	-1.31%
Net Income+	1.23B	1.07B	658.55M	1.26B	679.45M	407.87M	1.39B	-968.88M	-968.88M	-189.72M
Net Margin %	0.11%	0.1%	0.06%	0.12%	0.06%	0.04%	0.12%	-0.09%	-0.1%	-0.02%
Net Income Growth %	0.18%	-0.13%	-0.39%	0.91%	-0.46%	-0.4%	2.4%	0%	-1.7%	0.8%
Net Income (Continuing)	1.22B	1.08B	636.91M	870.43M	629.15M	354.91M	1.22B	-968.88M	-1.02B	69.32M
Discontinued Operations	14.54M	-4.75M	21.64M	389.37M	50.3M	52.96M	170.67M	0	49.59M	-259.04M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	2.85	2.54	0.63	3.15	1.70	1.04	3.53	-2.49	-2.49	-0.49
EPS Growth %	0.2%	-0.11%	-0.75%	4%	-0.46%	-0.39%	2.39%	0%	-1.71%	0.8%
EPS (Basic)	2.90	2.58	0.64	3.19	1.72	1.05	3.55	-2.49	-2.49	-0.49
Diluted Shares Outstanding	432.08M	422.08M	401.28M	400.5M	399.94M	392.12M	392.41M	388.36M	388.36M	392.57M
Basic Shares Outstanding	425.41M	416.1M	395.25M	395.19M	395.41M	389.65M	390.29M	388.36M	388.36M	389.15M
Dividend Payout Ratio	0.46%	0.59%	0.28%	0.61%	1.1%	1.86%	0.56%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Apr 2021	Apr 2022	Mar 2024	Mar 2024	Mar 2025
Total Current Assets+	4.16B	4.29B	4.68B	4.67B	5.03B	4.79B	4.59B	5.15B	4.23B	3.79B
Cash & Short-Term Investments	945.61M	1.23B	680.76M	402.23M	1.37B	1.41B	1.28B	814.89M	676.94M	429.38M
Cash Only	945.61M	1.23B	680.76M	543.01M	1.37B	815.75M	1.28B	814.89M	674.61M	429.38M
Short-Term Investments	0	0	0	0	0	598.81M	0	0	2.33M	0
Accounts Receivable	1.29B	1.2B	1.41B	1.38B	1.31B	1.3B	1.47B	1.61B	1.28B	1.32B
Days Sales Outstanding	42.82	39.65	44.74	48.89	45.52	51.28	45.24	56.3	46.98	50.75
Inventory	1.61B	1.57B	1.86B	1.17B	1.29B	1.06B	1.42B	2.29B	1.77B	1.63B
Days Inventory Outstanding	105	102.9	121.2	92.25	101.11	89.57	96.16	166.94	134.35	134.39
Other Current Assets	373.39M	298.23M	732.53M	1.72B	1.06B	1.01B	425.62M	116.28M	396.34M	408.03M
Total Non-Current Assets+	5.48B	5.45B	5.63B	5.68B	6.11B	8.97B	8.75B	8.84B	7.39B	5.59B
Property, Plant & Equipment	988.16M	939.65M	1.01B	1.06B	2.23B	2.45B	2.29B	2.31B	2.15B	1.98B
Fixed Asset Turnover	11.13x	11.73x	11.36x	9.71x	4.71x	3.77x	5.17x	4.52x	4.60x	4.79x
Goodwill	1.79B	1.74B	1.69B	1.49B	1.16B	2.43B	2.39B	1.46B	1.46B	603.39M
Intangible Assets	2.11B	1.84B	2.12B	2.13B	2.06B	3.29B	3.32B	2.96B	2.93B	1.96B
Long-Term Investments	215.99M	205.58M	214.3M	219.7M	143.92M	194.65M	180.18M	130.37M	130.23M	106.23M
Other Non-Current Assets	331.99M	682.07M	483.25M	517.64M	336.58M	402.06M	473.29M	1.03B	321.89M	358.08M
Total Assets+	9.64B	9.74B	10.31B	10.36B	11.13B	13.75B	13.34B	11.61B	11.61B	9.38B
Asset Turnover	1.14x	1.13x	1.11x	0.99x	0.94x	0.67x	0.89x	0.90x	0.85x	1.01x
Asset Growth %	-0.03%	0.01%	0.06%	0%	0.07%	0.24%	-0.03%	0%	-0.13%	-0.19%
Total Current Liabilities+	1.94B	1.79B	3.14B	2.66B	3.02B	2.21B	3.32B	3.46B	3.46B	2.7B
Accounts Payable	680.61M	664.64M	583M	489.6M	407.02M	463.21M	562.99M	817.13M	817.13M	789.57M
Days Payables Outstanding	44.33	43.58	37.96	38.5	31.8	39.07	38.16	59.5	62.15	65.22
Short-Term Debt	452.94M	279.72M	1.53B	659.06M	1.23B	12.08M	836.51M	1.26B	1.26B	552.5M
Deferred Revenue (Current)	0	0	0	0	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	258.81M	289.21M	305.15M	529.27M	539.49M	267.78M	807.25M	847.51M	735.2M	200.42M
Current Ratio	2.14x	2.40x	1.49x	1.76x	1.66x	2.17x	1.38x	1.49x	1.22x	1.40x
Quick Ratio	1.31x	1.53x	0.90x	1.32x	1.23x	1.68x	0.96x	0.83x	0.71x	0.80x
Cash Conversion Cycle	103.48	98.97	127.98	102.64	114.82	101.78	103.25	163.74	119.18	119.93
Total Non-Current Liabilities+	2.31B	3.01B	3.48B	3.4B	4.75B	8.49B	6.5B	6.5B	6.5B	5.19B
Long-Term Debt	1.4B	2.04B	2.21B	2.09B	2.58B	5.69B	4.58B	4.69B	4.69B	3.43B
Capital Lease Obligations	0	0	0	28.87M	1.04B	1.25B	1.04B	1.17B	1.17B	1.08B
Deferred Tax Liabilities	0	220.62M	0	0	161.37M	342.71M	150.4M	10.08M	10.08M	14.55M
Other Non-Current Liabilities	911.17M	973.79M	1.27B	1.28B	962.76M	1.2B	738.03M	628.4M	708.03M	672.94M
Total Liabilities	4.25B	4.8B	6.62B	6.06B	7.78B	10.7B	9.81B	9.95B	9.95B	7.89B
Total Debt+	1.86B	2.32B	3.74B	2.79B	5.21B	7.36B	6.8B	7.43B	7.43B	5.37B
Net Debt	919.08M	1.09B	3.06B	2.24B	3.84B	6.55B	5.52B	6.62B	6.76B	4.94B
Debt / Equity	0.35x	0.47x	1.02x	0.65x	1.55x	2.41x	1.93x	4.48x	4.48x	3.61x
Debt / EBITDA	0.97x	1.36x	2.27x	1.93x	4.36x	8.51x	3.59x	26.07x	45.44x	9.55x
Net Debt / EBITDA	0.48x	0.64x	1.86x	1.55x	3.21x	7.56x	2.92x	23.21x	41.31x	8.78x
Interest Coverage	18.53x	15.37x	56.06x	11.05x	10.08x	4.48x	11.96x	-0.20x	-0.77x	1.74x
Total Equity+	5.38B	4.94B	3.69B	4.3B	3.36B	3.06B	3.53B	1.66B	1.66B	1.49B
Equity Growth %	-0.04%	-0.08%	-0.25%	0.17%	-0.22%	-0.09%	0.16%	0%	-0.53%	-0.1%
Book Value per Share	12.46	11.71	9.19	10.73	8.39	7.79	9.00	4.27	4.27	3.79
Total Shareholders' Equity	5.38B	4.94B	3.69B	4.3B	3.36B	3.06B	3.53B	1.66B	1.66B	1.49B
Common Stock	106.65M	103.5M	98.58M	99.21M	97.2M	97.98M	97.08M	97.21M	97.21M	97.42M
Retained Earnings	3.13B	2.55B	846.12M	1.18B	7.31M	189.53M	443.48M	-974.58M	-974.58M	-1.17B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.04B	-1.04B	-864.03M	-902.08M	-930.96M	-1.01B	-926.58M	-1.06B	-1.06B	-977.74M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Apr 2021	Apr 2022	Mar 2024	Mar 2024	Mar 2025
Cash from Operations+	1.2B	1.48B	-243.22M	1.66B	874.53M	1.31B	864.29M	1.01B	1.01B	465.24M
Operating CF Margin %	0.11%	0.13%	-0.02%	0.16%	0.08%	0.14%	0.07%	0.1%	0.1%	0.05%
Operating CF Growth %	-0.32%	0.23%	-1.16%	7.84%	-0.47%	0.5%	-0.34%	0%	0.17%	-0.54%
Net Income	1.23B	1.07B	252.79M	1.26B	679.45M	354.91M	1.22B	-968.88M	-968.88M	69.32M
Depreciation & Amortization	272.07M	281.58M	71.53M	255.73M	267.62M	269.08M	266.94M	319.2M	319.2M	259.62M
Stock-Based Compensation	73.42M	67.76M	25.44M	84.28M	68.2M	70.82M	91.36M	67.33M	67.33M	73.25M
Deferred Taxes	7.09M	-71.63M	303K	-47.98M	-74.5M	-39.81M	-157.49M	0	-395.1M	-88.54M
Other Non-Cash Items	-87.92M	275.06M	14.99M	43.57M	919.22M	537.59M	365.83M	1.17B	1.82B	472.36M
Working Capital Changes	-292.63M	-146.31M	-608.28M	68.83M	-985.47M	120.64M	-918.62M	428.83M	168.18M	-320.77M
Change in Receivables	-124.25M	47.1M	38.69M	-310.9M	-5.95M	70.47M	-202.53M	324.63M	324.63M	-100.8M
Change in Inventory	-175.1M	-37.21M	-156.29M	-58.7M	-140.74M	314.31M	-380.85M	508.58M	508.58M	54.1M
Change in Payables	14.22M	-9.55M	-187.55M	68.08M	-73.67M	20.11M	105.36M	0	-106.05M	-2.3M
Cash from Investing+	-322.82M	-112.41M	-55.99M	-220.63M	-302.05M	-2.9B	903.74M	-172.26M	-172.26M	1.43B
Capital Expenditures	-317.78M	-220.07M	-73.66M	-269M	-333.84M	-274.2M	-328.32M	-145.82M	-210.99M	-126.02M
CapEx % of Revenue	0.03%	0.02%	0.01%	0.03%	0.03%	0.03%	0.03%	0.01%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-5.04M	-8.33M	17.67M	-61.51M	31.79M	-12.27M	12.56M	-26.44M	38.73M	47.89M
Cash from Financing+	-840.22M	-1.08B	406.79M	-1.59B	309.73M	1.05B	-1.27B	-959.62M	-959.62M	-2.15B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-565.27M	-635.99M	-181.37M	-767.06M	-748.66M	-756.78M	-773.21M	-303.14M	-303.14M	-140.16M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.48M	-6.81M	0	-2.12M	898.87M	-21.44M	-2.5M	254.57M	-576K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	885.83M	1.26B	-316.89M	1.4B	540.69M	1.04B	535.97M	868.76M	803.6M	339.21M
FCF Margin %	0.08%	0.11%	-0.03%	0.14%	0.05%	0.11%	0.05%	0.08%	0.08%	0.04%
FCF Growth %	-0.39%	0.42%	-1.25%	5.4%	-0.61%	0.92%	-0.48%	0.08%	0.5%	-0.61%
FCF per Share	2.05	2.99	-0.79	3.48	1.35	2.65	1.37	2.24	2.07	0.86
FCF Conversion (FCF/Net Income)	0.98x	1.38x	-0.37x	1.32x	1.29x	3.22x	0.62x	-1.05x	-1.05x	-2.45x
Interest Paid	0	0	0	0	76.54M	89.81M	123.48M	0	175.82M	162.92M
Taxes Paid	0	0	0	0	286.82M	188.27M	263.73M	0	349.98M	162.56M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	22.36%	20.8%	15.26%	31.55%	17.75%	12.72%	42.11%	-58.42%	-37.35%	-12.06%
Return on Invested Capital (ROIC)	19.88%	17.7%	16.05%	13.43%	10.13%	5.42%	13.12%	-0.31%	-1.24%	3.1%
Gross Margin	49.04%	49.51%	51.22%	54.79%	55.46%	53.17%	54.53%	52.05%	51.6%	53.51%
Net Margin	11.2%	9.74%	5.73%	12.27%	6.48%	4.41%	11.71%	-9.27%	-9.77%	-2%
Debt / Equity	0.35x	0.47x	1.02x	0.65x	1.55x	2.41x	1.93x	4.48x	4.48x	3.61x
Interest Coverage	18.53x	15.37x	56.06x	11.05x	10.08x	4.48x	11.96x	-0.20x	-0.77x	1.74x
FCF Conversion	0.98x	1.38x	-0.37x	1.32x	1.29x	3.22x	0.62x	-1.05x	-1.05x	-2.45x
Revenue Growth	-7.45%	0.27%	4.23%	-10.66%	2.16%	-11.92%	28.17%	5.44%	-16.27%	-9.09%

Revenue by Segment

	2013	2016	2017	2019	2020	2021	2022	2023	2024	2025
Outdoor	-	-	-	4.65B	4.64B	4.13B	5.33B	5.65B	5.5B	5.58B
Outdoor Growth	-	-	-	-	-0.11%	-11.12%	29.07%	6.01%	-2.59%	1.36%
Active	-	-	-	4.72B	4.92B	4.16B	5.38B	4.9B	4.06B	3.1B
Active Growth	-	-	-	-	4.19%	-15.42%	29.31%	-8.84%	-17.19%	-23.79%
Work	-	-	-	1.86B	886.42M	945.68M	1.13B	1.06B	891.54M	833.1M
Work Growth	-	-	-	-	-52.39%	6.69%	19.82%	-6.44%	-15.91%	-6.56%
Other Net	-	-	-	124.06M	38.75M	-	-	-	-	-
Other Net Growth	-	-	-	-	-68.76%	-	-	-	-	-
Jeanswear	-	-	-	2.49B	-	-	-	-	-	-
Jeanswear Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2013	2016	2017	2019	2020	2021	2022	2023	2024	2025
AMERICAS	6.9B	7.88B	7.44B	8.13B	5.52B	4.64B	6.18B	6.68B	5.46B	4.83B
AMERICAS Growth	-	14.20%	-5.57%	9.16%	-32.07%	-16.02%	33.28%	8.16%	-18.22%	-11.55%
Europe	3.98B	4.49B	4.57B	-	-	2.62B	3.4B	3.41B	3.43B	3.25B
Europe Growth	-	12.99%	1.81%	-	-	-	29.85%	0.36%	0.49%	-5.25%
Asia Pacific	-	-	-	-	-	1.53B	1.64B	1.52B	1.56B	1.42B
Asia Pacific Growth	-	-	-	-	-	-	7.12%	-7.28%	2.84%	-8.87%
Non-US	-	-	-	5.72B	4.97B	456.83M	627M	-	-	-
Non-US Growth	-	-	-	-	-13.18%	-90.80%	37.25%	-	-	-

Frequently Asked Questions

Growth & Financials

V.F. Corporation (VFC) reported $9.54B in revenue for fiscal year 2025. This represents a 1% increase from $9.46B in 2012.

V.F. Corporation (VFC) saw revenue decline by 9.1% over the past year.

Yes, V.F. Corporation (VFC) is profitable, generating $90.3M in net income for fiscal year 2025 (-2.0% net margin).

Dividend & Returns

Yes, V.F. Corporation (VFC) pays a dividend with a yield of 1.86%. This makes it attractive for income-focused investors.

V.F. Corporation (VFC) has a return on equity (ROE) of -12.1%. Negative ROE indicates the company is unprofitable.

V.F. Corporation (VFC) had negative free cash flow of $432.0M in fiscal year 2025, likely due to heavy capital investments.

US Stock Screener

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V.F. Corporation (VFC) 10-Year Financial Performance & Capital Metrics

VFC • • Industrial / General

Consumer CyclicalApparel ManufacturingOutdoor & Performance ApparelOutdoor Performance Brands

Revenue $9.5B -4.1%
EBITDA $562M +243.6%
Net Income -$190M +80.4%
EPS (Diluted) -0.49 +80.3%
Gross Margin 53.51% +3.7%
EBITDA Margin 5.91% +258.4%
Operating Margin 3.2% +320.2%
Net Margin -2% +79.6%
ROE -12.06% +67.7%
ROIC 3.1% +350.8%
Debt/Equity 3.61 -19.5%
Interest Coverage 1.74 +325.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 86 (top 14%)
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

✗High debt to equity ratio of 3.6x
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-2.21%

5Y-1.95%

3Y-7.07%

TTM-0.14%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM113.54%

EPS CAGR

10Y-

5Y-

3Y-

TTM112.72%

ROCE

10Y Avg10.83%

5Y Avg4.68%

3Y Avg0.7%

Latest4.1%

Peer Comparison

Outdoor Performance Brands

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
COLMColumbia Sportswear Company	2.97B	55.09	14.42	-3.4%	5.45%	11.27%	14.53%	0.25
GOOSCanada Goose Holdings Inc.	614.53M	13.34	13.75	1.09%	1.92%	5.18%	44.59%	1.33
PMNTPerfect Moment Ltd. Common Stock	13.6M	0.39	-0.39	-12.04%	-67.45%	-15.77%		2.37
VFCV.F. Corporation	7.49B	19.18	-39.14	-9.09%	0.95%	6.11%	4.53%	3.61

Profit & Loss

	Dec 2015	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Apr 2021	Apr 2022	Mar 2024	Mar 2024	Mar 2025
Sales/Revenue+	11B	11.03B	11.49B	10.27B	10.49B	9.24B	11.84B	10.45B	9.92B	9.5B
Revenue Growth %	-0.07%	0%	0.04%	-0.11%	0.02%	-0.12%	0.28%	0.05%	-0.16%	-0.09%
Cost of Goods Sold+	5.6B	5.57B	5.61B	4.64B	4.67B	4.33B	5.38B	5.01B	4.8B	4.42B
COGS % of Revenue	0.51%	0.5%	0.49%	0.45%	0.45%	0.47%	0.45%	0.48%	0.48%	0.46%
Gross Profit+	5.39B	5.46B	5.89B	5.63B	5.82B	4.91B	6.46B	5.44B	5.12B	5.09B
Gross Margin %	0.49%	0.5%	0.51%	0.55%	0.55%	0.53%	0.55%	0.52%	0.52%	0.54%
Gross Profit Growth %	-0.07%	0.01%	0.08%	-0.04%	0.03%	-0.16%	0.31%	0.06%	-0.21%	-0.07%
Operating Expenses+	3.75B	4B	4.52B	4.43B	4.89B	4.3B	4.82B	5.48B	5.26B	4.78B
OpEx % of Revenue	0.34%	0.36%	0.39%	0.43%	0.47%	0.47%	0.41%	0.52%	0.53%	0.5%
Selling, General & Admin	3.75B	3.9B	4.51B	4.38B	4.53B	4.12B	4.77B	4.82B	4.64B	4.61B
SG&A % of Revenue	0.34%	0.35%	0.39%	0.43%	0.43%	0.45%	0.4%	0.46%	0.47%	0.49%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	106.67M	11.04M	58.12M	360.51M	184.32M	55.46M	658M	618.62M	166.96M
Operating Income+	1.64B	1.46B	1.37B	1.19B	927.8M	607.63M	1.63B	-34.06M	-143.94M	303.77M
Operating Margin %	0.15%	0.13%	0.12%	0.12%	0.09%	0.07%	0.14%	-0%	-0.01%	0.03%
Operating Income Growth %	-0.09%	-0.12%	-0.06%	-0.13%	-0.22%	-0.35%	1.69%	0.76%	-1.09%	9.92%
EBITDA+	1.92B	1.71B	1.65B	1.45B	1.2B	865.45M	1.89B	285.14M	163.59M	562.05M
EBITDA Margin %	0.17%	0.16%	0.14%	0.14%	0.11%	0.09%	0.16%	0.03%	0.02%	0.06%
EBITDA Growth %	-0.08%	-0.11%	-0.03%	-0.12%	-0.17%	-0.28%	1.19%	0.74%	-0.91%	0.97%
D&A (Non-Cash Add-back)	272.07M	254.22M	283.66M	255.73M	267.62M	257.81M	259.92M	319.2M	307.53M	258.28M
EBIT	1.64B	1.56B	1.38B	1.25B	1.29B	791.95M	1.69B	15.59M	474.69M	470.73M
Net Interest Income+	-81.6M	-85.55M	-21.16M	-92.73M	-72.17M	-126.5M	-131.46M	-164.87M	-165.68M	-149.24M
Interest Income	7.15M	9.09M	3.23M	15.01M	19.87M	9.15M	5.01M	9.76M	20.25M	24.89M
Interest Expense	88.75M	94.72M	24.39M	107.74M	92.04M	135.66M	136.47M	174.63M	185.93M	174.14M
Other Income/Expense	-80.57M	-170.74M	-88.96M	-151.87M	-200.6M	-151.16M	-108.95M	-199.62M	-140.99M	-158.61M
Pretax Income+	1.56B	1.28B	1.28B	1.04B	727.21M	456.47M	1.52B	-233.69M	-284.92M	145.16M
Pretax Margin %	0.14%	0.12%	0.11%	0.1%	0.07%	0.05%	0.13%	-0.02%	-0.03%	0.02%
Income Tax+	347.2M	205.86M	641.51M	167.89M	98.06M	101.57M	306.98M	735.2M	733.56M	75.84M
Effective Tax Rate %	0.79%	0.84%	0.52%	1.21%	0.93%	0.89%	0.91%	4.15%	3.4%	-1.31%
Net Income+	1.23B	1.07B	658.55M	1.26B	679.45M	407.87M	1.39B	-968.88M	-968.88M	-189.72M
Net Margin %	0.11%	0.1%	0.06%	0.12%	0.06%	0.04%	0.12%	-0.09%	-0.1%	-0.02%
Net Income Growth %	0.18%	-0.13%	-0.39%	0.91%	-0.46%	-0.4%	2.4%	0%	-1.7%	0.8%
Net Income (Continuing)	1.22B	1.08B	636.91M	870.43M	629.15M	354.91M	1.22B	-968.88M	-1.02B	69.32M
Discontinued Operations	14.54M	-4.75M	21.64M	389.37M	50.3M	52.96M	170.67M	0	49.59M	-259.04M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	2.85	2.54	0.63	3.15	1.70	1.04	3.53	-2.49	-2.49	-0.49
EPS Growth %	0.2%	-0.11%	-0.75%	4%	-0.46%	-0.39%	2.39%	0%	-1.71%	0.8%
EPS (Basic)	2.90	2.58	0.64	3.19	1.72	1.05	3.55	-2.49	-2.49	-0.49
Diluted Shares Outstanding	432.08M	422.08M	401.28M	400.5M	399.94M	392.12M	392.41M	388.36M	388.36M	392.57M
Basic Shares Outstanding	425.41M	416.1M	395.25M	395.19M	395.41M	389.65M	390.29M	388.36M	388.36M	389.15M
Dividend Payout Ratio	0.46%	0.59%	0.28%	0.61%	1.1%	1.86%	0.56%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Apr 2021	Apr 2022	Mar 2024	Mar 2024	Mar 2025
Total Current Assets+	4.16B	4.29B	4.68B	4.67B	5.03B	4.79B	4.59B	5.15B	4.23B	3.79B
Cash & Short-Term Investments	945.61M	1.23B	680.76M	402.23M	1.37B	1.41B	1.28B	814.89M	676.94M	429.38M
Cash Only	945.61M	1.23B	680.76M	543.01M	1.37B	815.75M	1.28B	814.89M	674.61M	429.38M
Short-Term Investments	0	0	0	0	0	598.81M	0	0	2.33M	0
Accounts Receivable	1.29B	1.2B	1.41B	1.38B	1.31B	1.3B	1.47B	1.61B	1.28B	1.32B
Days Sales Outstanding	42.82	39.65	44.74	48.89	45.52	51.28	45.24	56.3	46.98	50.75
Inventory	1.61B	1.57B	1.86B	1.17B	1.29B	1.06B	1.42B	2.29B	1.77B	1.63B
Days Inventory Outstanding	105	102.9	121.2	92.25	101.11	89.57	96.16	166.94	134.35	134.39
Other Current Assets	373.39M	298.23M	732.53M	1.72B	1.06B	1.01B	425.62M	116.28M	396.34M	408.03M
Total Non-Current Assets+	5.48B	5.45B	5.63B	5.68B	6.11B	8.97B	8.75B	8.84B	7.39B	5.59B
Property, Plant & Equipment	988.16M	939.65M	1.01B	1.06B	2.23B	2.45B	2.29B	2.31B	2.15B	1.98B
Fixed Asset Turnover	11.13x	11.73x	11.36x	9.71x	4.71x	3.77x	5.17x	4.52x	4.60x	4.79x
Goodwill	1.79B	1.74B	1.69B	1.49B	1.16B	2.43B	2.39B	1.46B	1.46B	603.39M
Intangible Assets	2.11B	1.84B	2.12B	2.13B	2.06B	3.29B	3.32B	2.96B	2.93B	1.96B
Long-Term Investments	215.99M	205.58M	214.3M	219.7M	143.92M	194.65M	180.18M	130.37M	130.23M	106.23M
Other Non-Current Assets	331.99M	682.07M	483.25M	517.64M	336.58M	402.06M	473.29M	1.03B	321.89M	358.08M
Total Assets+	9.64B	9.74B	10.31B	10.36B	11.13B	13.75B	13.34B	11.61B	11.61B	9.38B
Asset Turnover	1.14x	1.13x	1.11x	0.99x	0.94x	0.67x	0.89x	0.90x	0.85x	1.01x
Asset Growth %	-0.03%	0.01%	0.06%	0%	0.07%	0.24%	-0.03%	0%	-0.13%	-0.19%
Total Current Liabilities+	1.94B	1.79B	3.14B	2.66B	3.02B	2.21B	3.32B	3.46B	3.46B	2.7B
Accounts Payable	680.61M	664.64M	583M	489.6M	407.02M	463.21M	562.99M	817.13M	817.13M	789.57M
Days Payables Outstanding	44.33	43.58	37.96	38.5	31.8	39.07	38.16	59.5	62.15	65.22
Short-Term Debt	452.94M	279.72M	1.53B	659.06M	1.23B	12.08M	836.51M	1.26B	1.26B	552.5M
Deferred Revenue (Current)	0	0	0	0	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	258.81M	289.21M	305.15M	529.27M	539.49M	267.78M	807.25M	847.51M	735.2M	200.42M
Current Ratio	2.14x	2.40x	1.49x	1.76x	1.66x	2.17x	1.38x	1.49x	1.22x	1.40x
Quick Ratio	1.31x	1.53x	0.90x	1.32x	1.23x	1.68x	0.96x	0.83x	0.71x	0.80x
Cash Conversion Cycle	103.48	98.97	127.98	102.64	114.82	101.78	103.25	163.74	119.18	119.93
Total Non-Current Liabilities+	2.31B	3.01B	3.48B	3.4B	4.75B	8.49B	6.5B	6.5B	6.5B	5.19B
Long-Term Debt	1.4B	2.04B	2.21B	2.09B	2.58B	5.69B	4.58B	4.69B	4.69B	3.43B
Capital Lease Obligations	0	0	0	28.87M	1.04B	1.25B	1.04B	1.17B	1.17B	1.08B
Deferred Tax Liabilities	0	220.62M	0	0	161.37M	342.71M	150.4M	10.08M	10.08M	14.55M
Other Non-Current Liabilities	911.17M	973.79M	1.27B	1.28B	962.76M	1.2B	738.03M	628.4M	708.03M	672.94M
Total Liabilities	4.25B	4.8B	6.62B	6.06B	7.78B	10.7B	9.81B	9.95B	9.95B	7.89B
Total Debt+	1.86B	2.32B	3.74B	2.79B	5.21B	7.36B	6.8B	7.43B	7.43B	5.37B
Net Debt	919.08M	1.09B	3.06B	2.24B	3.84B	6.55B	5.52B	6.62B	6.76B	4.94B
Debt / Equity	0.35x	0.47x	1.02x	0.65x	1.55x	2.41x	1.93x	4.48x	4.48x	3.61x
Debt / EBITDA	0.97x	1.36x	2.27x	1.93x	4.36x	8.51x	3.59x	26.07x	45.44x	9.55x
Net Debt / EBITDA	0.48x	0.64x	1.86x	1.55x	3.21x	7.56x	2.92x	23.21x	41.31x	8.78x
Interest Coverage	18.53x	15.37x	56.06x	11.05x	10.08x	4.48x	11.96x	-0.20x	-0.77x	1.74x
Total Equity+	5.38B	4.94B	3.69B	4.3B	3.36B	3.06B	3.53B	1.66B	1.66B	1.49B
Equity Growth %	-0.04%	-0.08%	-0.25%	0.17%	-0.22%	-0.09%	0.16%	0%	-0.53%	-0.1%
Book Value per Share	12.46	11.71	9.19	10.73	8.39	7.79	9.00	4.27	4.27	3.79
Total Shareholders' Equity	5.38B	4.94B	3.69B	4.3B	3.36B	3.06B	3.53B	1.66B	1.66B	1.49B
Common Stock	106.65M	103.5M	98.58M	99.21M	97.2M	97.98M	97.08M	97.21M	97.21M	97.42M
Retained Earnings	3.13B	2.55B	846.12M	1.18B	7.31M	189.53M	443.48M	-974.58M	-974.58M	-1.17B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.04B	-1.04B	-864.03M	-902.08M	-930.96M	-1.01B	-926.58M	-1.06B	-1.06B	-977.74M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Apr 2021	Apr 2022	Mar 2024	Mar 2024	Mar 2025
Cash from Operations+	1.2B	1.48B	-243.22M	1.66B	874.53M	1.31B	864.29M	1.01B	1.01B	465.24M
Operating CF Margin %	0.11%	0.13%	-0.02%	0.16%	0.08%	0.14%	0.07%	0.1%	0.1%	0.05%
Operating CF Growth %	-0.32%	0.23%	-1.16%	7.84%	-0.47%	0.5%	-0.34%	0%	0.17%	-0.54%
Net Income	1.23B	1.07B	252.79M	1.26B	679.45M	354.91M	1.22B	-968.88M	-968.88M	69.32M
Depreciation & Amortization	272.07M	281.58M	71.53M	255.73M	267.62M	269.08M	266.94M	319.2M	319.2M	259.62M
Stock-Based Compensation	73.42M	67.76M	25.44M	84.28M	68.2M	70.82M	91.36M	67.33M	67.33M	73.25M
Deferred Taxes	7.09M	-71.63M	303K	-47.98M	-74.5M	-39.81M	-157.49M	0	-395.1M	-88.54M
Other Non-Cash Items	-87.92M	275.06M	14.99M	43.57M	919.22M	537.59M	365.83M	1.17B	1.82B	472.36M
Working Capital Changes	-292.63M	-146.31M	-608.28M	68.83M	-985.47M	120.64M	-918.62M	428.83M	168.18M	-320.77M
Change in Receivables	-124.25M	47.1M	38.69M	-310.9M	-5.95M	70.47M	-202.53M	324.63M	324.63M	-100.8M
Change in Inventory	-175.1M	-37.21M	-156.29M	-58.7M	-140.74M	314.31M	-380.85M	508.58M	508.58M	54.1M
Change in Payables	14.22M	-9.55M	-187.55M	68.08M	-73.67M	20.11M	105.36M	0	-106.05M	-2.3M
Cash from Investing+	-322.82M	-112.41M	-55.99M	-220.63M	-302.05M	-2.9B	903.74M	-172.26M	-172.26M	1.43B
Capital Expenditures	-317.78M	-220.07M	-73.66M	-269M	-333.84M	-274.2M	-328.32M	-145.82M	-210.99M	-126.02M
CapEx % of Revenue	0.03%	0.02%	0.01%	0.03%	0.03%	0.03%	0.03%	0.01%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-5.04M	-8.33M	17.67M	-61.51M	31.79M	-12.27M	12.56M	-26.44M	38.73M	47.89M
Cash from Financing+	-840.22M	-1.08B	406.79M	-1.59B	309.73M	1.05B	-1.27B	-959.62M	-959.62M	-2.15B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-565.27M	-635.99M	-181.37M	-767.06M	-748.66M	-756.78M	-773.21M	-303.14M	-303.14M	-140.16M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.48M	-6.81M	0	-2.12M	898.87M	-21.44M	-2.5M	254.57M	-576K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	885.83M	1.26B	-316.89M	1.4B	540.69M	1.04B	535.97M	868.76M	803.6M	339.21M
FCF Margin %	0.08%	0.11%	-0.03%	0.14%	0.05%	0.11%	0.05%	0.08%	0.08%	0.04%
FCF Growth %	-0.39%	0.42%	-1.25%	5.4%	-0.61%	0.92%	-0.48%	0.08%	0.5%	-0.61%
FCF per Share	2.05	2.99	-0.79	3.48	1.35	2.65	1.37	2.24	2.07	0.86
FCF Conversion (FCF/Net Income)	0.98x	1.38x	-0.37x	1.32x	1.29x	3.22x	0.62x	-1.05x	-1.05x	-2.45x
Interest Paid	0	0	0	0	76.54M	89.81M	123.48M	0	175.82M	162.92M
Taxes Paid	0	0	0	0	286.82M	188.27M	263.73M	0	349.98M	162.56M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	22.36%	20.8%	15.26%	31.55%	17.75%	12.72%	42.11%	-58.42%	-37.35%	-12.06%
Return on Invested Capital (ROIC)	19.88%	17.7%	16.05%	13.43%	10.13%	5.42%	13.12%	-0.31%	-1.24%	3.1%
Gross Margin	49.04%	49.51%	51.22%	54.79%	55.46%	53.17%	54.53%	52.05%	51.6%	53.51%
Net Margin	11.2%	9.74%	5.73%	12.27%	6.48%	4.41%	11.71%	-9.27%	-9.77%	-2%
Debt / Equity	0.35x	0.47x	1.02x	0.65x	1.55x	2.41x	1.93x	4.48x	4.48x	3.61x
Interest Coverage	18.53x	15.37x	56.06x	11.05x	10.08x	4.48x	11.96x	-0.20x	-0.77x	1.74x
FCF Conversion	0.98x	1.38x	-0.37x	1.32x	1.29x	3.22x	0.62x	-1.05x	-1.05x	-2.45x
Revenue Growth	-7.45%	0.27%	4.23%	-10.66%	2.16%	-11.92%	28.17%	5.44%	-16.27%	-9.09%

Revenue by Segment

	2013	2016	2017	2019	2020	2021	2022	2023	2024	2025
Outdoor	-	-	-	4.65B	4.64B	4.13B	5.33B	5.65B	5.5B	5.58B
Outdoor Growth	-	-	-	-	-0.11%	-11.12%	29.07%	6.01%	-2.59%	1.36%
Active	-	-	-	4.72B	4.92B	4.16B	5.38B	4.9B	4.06B	3.1B
Active Growth	-	-	-	-	4.19%	-15.42%	29.31%	-8.84%	-17.19%	-23.79%
Work	-	-	-	1.86B	886.42M	945.68M	1.13B	1.06B	891.54M	833.1M
Work Growth	-	-	-	-	-52.39%	6.69%	19.82%	-6.44%	-15.91%	-6.56%
Other Net	-	-	-	124.06M	38.75M	-	-	-	-	-
Other Net Growth	-	-	-	-	-68.76%	-	-	-	-	-
Jeanswear	-	-	-	2.49B	-	-	-	-	-	-
Jeanswear Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2013	2016	2017	2019	2020	2021	2022	2023	2024	2025
AMERICAS	6.9B	7.88B	7.44B	8.13B	5.52B	4.64B	6.18B	6.68B	5.46B	4.83B
AMERICAS Growth	-	14.20%	-5.57%	9.16%	-32.07%	-16.02%	33.28%	8.16%	-18.22%	-11.55%
Europe	3.98B	4.49B	4.57B	-	-	2.62B	3.4B	3.41B	3.43B	3.25B
Europe Growth	-	12.99%	1.81%	-	-	-	29.85%	0.36%	0.49%	-5.25%
Asia Pacific	-	-	-	-	-	1.53B	1.64B	1.52B	1.56B	1.42B
Asia Pacific Growth	-	-	-	-	-	-	7.12%	-7.28%	2.84%	-8.87%
Non-US	-	-	-	5.72B	4.97B	456.83M	627M	-	-	-
Non-US Growth	-	-	-	-	-13.18%	-90.80%	37.25%	-	-	-

Frequently Asked Questions

Growth & Financials

V.F. Corporation (VFC) reported $9.54B in revenue for fiscal year 2025. This represents a 1% increase from $9.46B in 2012.

V.F. Corporation (VFC) saw revenue decline by 9.1% over the past year.

Yes, V.F. Corporation (VFC) is profitable, generating $90.3M in net income for fiscal year 2025 (-2.0% net margin).

Dividend & Returns

Yes, V.F. Corporation (VFC) pays a dividend with a yield of 1.86%. This makes it attractive for income-focused investors.

V.F. Corporation (VFC) has a return on equity (ROE) of -12.1%. Negative ROE indicates the company is unprofitable.

V.F. Corporation (VFC) had negative free cash flow of $432.0M in fiscal year 2025, likely due to heavy capital investments.