V F CORP VFC

Consumer discretionary SIC 2320 - Men's & Boys' Furnishgs, Work Clothg, & Allied Garments NAICS Manufacturing › Apparel Manufacturing derived NYSE

V.F. Corporation, founded in 1899, is a portfolio of leading outdoor and active brands, including The North Face®, Vans® and Timberland®. VF is committed to providing consumers with innovative products that are rooted in performance and elevated design, while delivering sustainable and long-term value for its employees, communities and shareholders. Unless the context indicates otherwise, the terms "VF," the "Company," "we," "us," and "our" used herein refer to V.F. Corporation and its consolidated subsidiaries. All references to "Fiscal 2026" relate to VF's current fiscal year which ran from March 30, 2025 through March 28, 2026.

Unless otherwise noted, all discussion below, including amounts and percentages for all periods, reflect the results of operations and financial condition of VF's continuing operations. As such, the Supreme® brand business ("Supreme") that was sold on October 1, 2024 has been excluded. The sale of the Dickies® brand business ("Dickies") on November 12, 2025, did not qualify for presentation as a discontinued operation and is therefore included within VF's continuing operations, through the date of sale.

Last close 17.26 2026-10-23
Market cap $6.76B 2026-03-28 share count
52-week range 12.46 - 22.27

Valuation FY2025 figures against the last close

P/S0.7x
P/E27.0x
P/FCF12.1x
EV/EBITDA16.4x
Dividend yield2.1%
Diluted EPS0.64

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Foreign
  • U.S.
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 Foreign, FY2025: 5.4B (55.9%) 56% Foreign U.S., FY2025: 4.2B (44.1%) 44% U.S. FY2024 Foreign, FY2024: 5.2B (55.2%) 55% U.S., FY2024: 4.3B (44.8%) 45% FY2023 Foreign, FY2023: 5.4B (54.1%) 54% U.S., FY2023: 4.6B (45.9%) 46%
Region FY2025FY2024FY2023
Foreign $5.37B $5.25B $5.36B
U.S. $4.23B $4.26B $4.55B

As the company reported it, from the “REPORTABLE SEGMENT INFORMATION - Schedule of Supplemental Information (with Revenues by Geographic Area Based on Location of Customer) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $9.61B$9.50B$9.92B$11.09B$11.84B$9.24B$10.49B$10.27B$8.39B$11.03B
Cost of revenue $4.34B$4.42B$4.80B$5.29B$5.39B$4.37B$4.69B$4.66B$3.85B$5.59B
Gross profit $5.26B$5.08B$5.11B$5.80B$6.46B$4.87B$5.80B$5.61B$4.55B$5.44B
SG&A $4.65B$4.69B$4.75B$4.80B$4.82B$4.24B$4.55B$4.42B$3.66B$3.90B
Total operating expenses $9.03B$9.20B$10.06B$10.09B$10.21B$8.63B$9.56B$9.08B$7.51B$9.57B
Operating income $576.6M$303.8M-$143.9M$998.7M$1.63B$607.6M$927.8M$1.19B$883.4M$1.46B
Interest expense $166.8M$174.1M$185.9M$152.5M$136.5M$135.7M$92.0M$107.7M$102.0M$85.5M
Pre-tax income $341.2M$145.2M-$284.9M$737.8M$1.52B$456.5M$727.2M$1.04B$787.9M$1.28B
Income tax $86.3M$75.8M$733.6M$17.9M$307.0M$101.6M$98.1M$167.9M$519.8M$205.9M
Net income $254.9M-$189.7M-$968.9M$118.6M$1.39B$407.9M$679.4M$1.26B$614.9M$1.07B
EPS, basic 0.65-0.49-2.490.313.551.051.723.191.542.58
EPS, diluted 0.64-0.48-2.490.313.531.041.703.151.522.54
Shares, diluted (wtd. avg.) 395.9M392.6M388.4M388.4M392.4M392.1M399.9M400.5M403.6M422.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $823.9M$429.4M$656.4M$816.3M$1.28B$851.2M$1.37B$402.2M$434.2M$1.23B
Short-term investments ————$0$598.8M$0———
Receivables $1.43B$1.32B$1.26B$1.61B$1.47B$1.30B$1.31B$1.37B$1.43B$1.15B
Inventory $1.37B$1.63B$1.70B$2.29B$1.42B$1.06B$1.29B$1.17B$1.71B$1.42B
Total current assets $4.01B$3.79B$4.23B$5.15B$4.59B$4.79B$5.03B$4.67B$4.38B$4.29B
Property, plant and equipment ——————$954.4M$876.1M$1.01B$896.0M
Goodwill $587.7M$603.4M$645.4M$1.16B$2.39B$2.43B$1.16B$1.49B$1.42B$1.55B
Other intangibles $1.47B$1.71B$1.78B$2.64B$3.00B$3.03B$1.85B$1.91B$2.09B$1.53B
Total assets $9.29B$9.38B$11.61B$13.99B$13.34B$13.75B$11.13B$10.36B$9.96B$9.74B
Accounts payable $826.3M$789.6M$788.5M$936.3M$563.0M$463.2M$407.0M$489.6M$761.0M$620.2M
Short-term debt $0$11.9M$263.9M$11.5M$335.5M$11.1M$1.23B$659.1M$729.4M$26.0M
Total current liabilities $2.18B$2.70B$3.46B$3.55B$3.32B$2.21B$3.02B$2.66B$2.74B$1.79B
Long-term debt $3.52B$3.41B$4.69B$5.69B$4.57B$5.69B$2.59B$2.09B$2.15B$2.03B
Total liabilities $7.44B$7.89B$9.95B$11.08B$9.81B$10.70B$7.78B$6.06B$6.24B$4.80B
Retained earnings -$928.8M-$1.17B-$974.6M$57.1M$443.5M$189.5M$7.3M$1.18B$1.02B$2.55B
Total equity $1.85B$1.49B$1.66B$2.91B$3.53B$3.06B$3.36B$4.30B$3.69B$4.94B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $671.3M$465.2M$1.01B-$655.8M$864.3M$1.31B$874.5M$1.66B$1.47B$1.48B
Stock-based compensation $77.0M$73.2M$57.8M$40.0M$91.4M$70.8M$68.2M$84.3M$63.9M$67.8M
Capital expenditure $114.7M$86.3M$135.8M$152.0M$245.4M$198.7M$288.2M$215.8M$140.2M$175.8M
Investing cash flow $407.1M$1.43B-$172.3M-$188.1M$903.7M-$2.90B-$302.0M-$220.6M-$776.3M-$112.4M
Financing cash flow -$737.8M-$2.15B-$959.6M$463.9M-$1.27B$1.05B$309.7M-$1.59B-$1.36B-$1.08B
Dividends paid $140.7M$140.2M$303.1M$702.8M$773.2M$756.8M$748.7M$767.1M$684.7M$636.0M
Buybacks ——$0$0$350.0M$0$1.00B$150.7M$1.20B$1.00B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-270610.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 11B Gross profit, FY2016: 5.4B Net income, FY2016: 1.1B Revenue, FY2017: 8.4B Gross profit, FY2017: 4.5B Net income, FY2017: 614.9M Revenue, FY2018: 10.3B Gross profit, FY2018: 5.6B Net income, FY2018: 1.3B Revenue, FY2019: 10.5B Gross profit, FY2019: 5.8B Net income, FY2019: 679.4M Revenue, FY2020: 9.2B Gross profit, FY2020: 4.9B Net income, FY2020: 407.9M Revenue, FY2021: 11.8B Gross profit, FY2021: 6.5B Net income, FY2021: 1.4B Revenue, FY2022: 11.1B Gross profit, FY2022: 5.8B Net income, FY2022: 118.6M Revenue, FY2023: 9.9B Gross profit, FY2023: 5.1B Net income, FY2023: -968.9M Revenue, FY2024: 9.5B Gross profit, FY2024: 5.1B Net income, FY2024: -189.7M Revenue, FY2025: 9.6B Gross profit, FY2025: 5.3B Net income, FY2025: 254.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $11.03B $8.39B $10.27B $10.49B $9.24B $11.84B $11.09B $9.92B $9.50B $9.61B
Gross profit $5.44B $4.55B $5.61B $5.80B $4.87B $6.46B $5.80B $5.11B $5.08B $5.26B
Net income $1.07B $614.9M $1.26B $679.4M $407.9M $1.39B $118.6M -$968.9M -$189.7M $254.9M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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