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V.F. Corporation

VFC Consumer Cyclical Apparel Manufacturing

V.F. Corporation’s revenue for fiscal 2026 (year ended March 2026) was $9.6 billion, up 1.06% from fiscal 2025. In the quarter to June 2026, revenue fell 5.18%, EPS grew 16.7%, free cash flow grew 51.0% and total debt fell 22.6%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.

18.28 0.05 −0.27%
Market cap
$7.2B
P/E
25.7×
Fwd P/E
15.6×
Dividend yield
1.97%
F-score
7/9
Altman Z
1.87
Beneish M
−2.63
Dividend safety
65/100
Overview Business Profile Financial Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions trades per month

Total buys 1.30
Total sells 0.14
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — 1 1 1 — —
Sell — — — 1 — — — — — — — —
Insider Ownership 6.19%

Capital & Financial Ratios $m

Market Cap 7,220.00
Revenue 9,513.92
Net Income 274.18
Free Cash Flow 603.34
Net Debt 2,842.42
Current Ratio 1.43
Debt/Equity 1.99
P/E ratio 25.75
Fwd P/E 15.60
P/S ratio 0.75
P/B ratio 4.06
Past 5Y EPS Growth (9.25%) (below 0%: weak)
This Y EPS Growth 39.31% (at or above 15%: strong)
Next Y EPS Growth 18.70% (at or above 15%: strong)
Next Y revenue growth (1.15%) (below 0%: weak)
Next 5Y EPS Growth 25.14% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 2.2×; over the ten years it ranged from 0.9× in 2026 to 4.2× in 2021.
P/E against its own 10 years 50.48%
10-year low 10-year high
P/S against its own 10 years 25.96%
10-year low 10-year high
P/B against its own 10 years 27.84%
10-year low 10-year high
EV/Sales against its own 10 years 13.37%
10-year low 10-year high
EV/FCF against its own 10 years 14.80%
10-year low 10-year high

Dividends

Payout Ratio 0.52
Annual Dividend Rate 0.36
Annual Dividend Yield 1.97%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 0.36
0.09
0.09
0.09
2025 0.36
0.09
0.09
0.09
0.09
2024 0.36
0.09
0.09
0.09
0.09
2023 0.99
0.30
0.30
0.30
0.09
2022 2.01
0.50
0.50
0.50
0.51
2021 1.97
0.49
0.49
0.49
0.50
2020 1.93
0.48
0.48
0.48
0.49
2019 1.90
0.48
0.51
0.43
0.48
2018 1.78
0.43
0.43
0.43
0.48
2017 1.62
0.40
0.40
0.40
0.43
2016 1.44
0.35
0.35
0.35
0.40
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 656 429 824 670
Receivables 1,263 1,322 1,428 1,215
Inventory 1,698 1,627 1,371 1,899
Other 493 408 386 418
4,227 3,786 4,010 4,203
2024 2025 2026 Q'26
Payables 788 790 826 1,275
ST’ Debt 1,265 552 10 509
Other — — — —
3,457 2,698 2,181 2,948

Compound Annual Growth %

10y 5y 3y
Sales (1.37%) 0.78% (4.68%)
Cash Flow (7.61%) (12.56%) 0.00%
Earnings (13.40%) (8.97%) 29.06%
Book Value (9.36%) (9.55%) (14.02%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY27 Estimate 0.54 Actual 0.70

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY26 0.43 0.58 Beat by 0.15
Q4 FY26 −0.02 0.00 Beat by 0.02
Q1 FY27 −0.22 −0.27 Miss by 0.05
Q2 FY27 0.54 0.70 Beat by 0.16
Q3 FY27 0.66 — Reports 27 January 2027

EPS $

Jun Sep Dec Mar Year
’26 (0.25) — — — —
’26 (0.30) 0.48 0.76 (0.30) 0.64
’25 (0.67) 0.13 0.43 (0.39) (0.48)
’24 (0.15) (1.16) (0.11) (1.08) (2.49)
’23 (0.14) (0.31) 1.31 (0.55) 0.31
’22 0.82 1.18 1.32 0.21 3.53
’21 (0.73) 0.66 0.88 0.23 1.04
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 1,669 — — — —
’26 1,761 2,803 2,876 2,166 9,605
’25 1,769 2,758 2,834 2,144 9,505
’24 2,086 2,920 2,780 2,129 9,916
’23 2,262 3,081 3,531 2,216 11,089
’22 2,195 3,198 3,624 2,825 11,842
’21 1,076 2,608 2,972 2,583 9,239
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 (62) — — — —
’26 (145) (227) 1,010 33 671
’25 20 (302) 918 (171) 465
’24 164 (183) 1,125 (91) 1,015
’23 (358) (556) 80 178 (656)
’22 81 (252) 969 67 864
’21 (3) 86 1,059 171 1,313
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (93) — — — —
’26 (190) (262) 966 (8) 506
’25 26 (303) 908 (203) 427
’24 80 (234) 1,095 (97) 844
’23 (438) (614) 13 238 (801)
’22 (33) (325) 877 49 569
’21 (86) 18 1,006 113 1,051
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Price, $
Price, $ Low 45.22 63.22 65.00 45.07 65.34 25.05 12.85 11.00 9.41 12.46 (13.3%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 70.82 91.29 100.23 100.25 90.79 76.61 32.13 23.49 29.02 22.27 (12.1%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 69,000 — 75,000 48,000 40,000 35,000 33,000 30,000 27,000 26,000 (10.3%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.12 0.00 0.14 0.22 0.23 0.34 0.34 0.33 0.35 0.37 +13.1% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 8,395 12,162 10,267 10,489 9,239 11,842 11,089 9,916 9,505 9,605 +1.5% 9,495 9,788 10,086 +1.6%
Gross margin, % 54.15 50.84 54.65 55.28 52.69 54.51 52.27 51.56 53.49 54.78 +0.6 pt
EBT 788 1,177 1,038 727 456 1,523 738 (285) 145 341 (8.9%)
EBT margin, % 9.39 9.68 10.11 6.93 4.94 12.86 6.65 (2.87) 1.53 3.55 (5.8) pt
Net income 615 0 1,260 679 408 1,387 119 (969) (190) 255 (9.3%)
Depreciation 238 72 256 984 717 677 622 1,195 701 666 +12.1%
Per share, $
Per share, $ Revenue 21.03 30.79 25.98 26.53 23.71 30.34 28.60 25.53 24.42 24.58 +1.8%
Earnings 1.54 2.56 3.19 1.72 1.05 3.55 0.31 (2.49) (0.49) 0.65 (9.1%)
Cash flow 3.69 (0.62) 4.21 2.21 3.37 2.21 (1.69) 2.61 1.20 1.72 (8.2%)
Capex (0.51) 0.00 (0.68) (0.84) (0.67) (0.76) (0.38) (0.44) (0.10) (0.42) (2.1%)
Free cash flow 3.18 (0.62) 3.53 1.37 2.70 1.46 (2.07) 2.17 1.10 1.30 (9.5%)
Book value 9.32 9.34 10.88 8.49 7.84 9.05 7.51 4.27 3.82 4.73 (7.2%)
Shares, m 399 395 395 395 390 390 388 388 389 391 (0.2%)
Valuation, ×
Valuation, × P/E 23.50 23.09 25.76 32.19 76.11 16.02 73.90 0.00 0.00 25.74 29.6
P/S 2.38 2.34 3.16 2.04 3.37 1.87 0.80 0.60 0.64 0.69 1.8
P/B 7.00 7.34 7.56 6.37 10.19 6.29 3.05 3.58 4.06 3.59 5.9
EV/Sales 2.63 2.60 3.40 2.27 3.84 2.22 1.33 1.13 1.01 0.97 2.1
EV/FCF (150.15) (148.88) 24.98 44.12 33.74 46.33 (18.36) 13.33 22.43 18.46 (11.4)
Cash, $m
Cash, $m Operating cash flow 1,475 (243) 1,664 875 1,313 864 (656) 1,015 465 671 (8.4%)
Capex (204) (74) (269) (334) (262) (296) (146) (171) (38) (165) (2.3%)
Free cash flow 1,271 (243) 1,395 541 1,051 569 (801) 844 427 506 (9.7%)
Balance, $m
Balance, $m Working capital 1,647 1,544 2,012 2,003 2,575 1,273 1,607 770 1,088 1,828 +1.2%
Total debt 2,923 3,744 2,780 3,838 5,721 5,421 6,647 5,967 3,978 3,530 +2.1%
Net debt 2,357 3,063 2,378 2,469 4,307 4,145 5,832 5,311 3,549 2,706 +1.5%
Shareholders’ equity 3,720 3,688 4,299 3,357 3,056 3,530 2,911 1,658 1,487 1,850 (7.5%)
Returns, %
Returns, % ROA 6.24 9.98 12.19 6.32 3.28 10.24 0.87 (7.57) (1.81) 2.73 (3.5) pt
ROIC 9.08 0.00 11.14 9.95 5.16 13.29 7.14 (1.29) 3.77 7.91 (1.2) pt
ROE 14.20 27.29 31.55 17.75 12.72 42.11 3.68 (42.41) (12.06) 15.28 +1.1 pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026 · fundamentals updated 28 Sep 2026

V.F. Corporation vs peers in Apparel Manufacturing (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RL Ralph Lauren Corporation $23.8B 24.4× 20.4× +14.00% (above 0%: growing) +20.44% (above 0%: growing) +2,652.68% (above 0%: growing) 73.69% 17.47% Compare
LEVI Levi Strauss & Co. $8.7B 14.8× 13.9× +4.30% (above 0%: growing) −20.60% (below 0%: shrinking) +212.72% (above 0%: growing) 66.21% 13.81% Compare
VFC V.F. Corporation $7.2B 25.7× 15.6× −5.18% (below 0%: shrinking) n/m +50.99% (above 0%: growing) 54.93% (4.98%)
ZGN Ermenegildo Zegna N.V. $5.7B — (loss-making) 32.1× — n/m +56.38% (above 0%: growing) 55.40% 0.00% Compare
KTB Kontoor Brands, Inc. $4.1B 15.3× 13.9× −11.24% (below 0%: shrinking) −11.28% (below 0%: shrinking) +104.36% (above 0%: growing) 56.18% 15.49% Compare
PVH PVH Corp. $4.1B — (loss-making) 14.2× −3.24% (below 0%: shrinking) n/m +111.16% (above 0%: growing) 63.03% (9.10%) Compare
FIGS FIGS, Inc. $3.6B 57.6× 55.2× +28.81% (above 0%: growing) +325.00% (above 0%: growing) +427.35% (above 0%: growing) 75.20% 17.93% Compare
COLM Columbia Sportswear Company $3.3B 17.4× 13.1× +1.51% (above 0%: growing) n/m +324.26% (above 0%: growing) 58.34% 5.03% Compare
UA Under Armour, Inc. $2.1B — (loss-making) — −3.19% (below 0%: shrinking) n/m +600.79% (above 0%: growing) 54.09% 4.26% Compare
Median of peers $4.1B 17.4× 14.2× +1.51% +4.58% +268.49% 60.69% 9.42%

All 23 Apparel Manufacturing stocks →

Pay and ownership Proxy statement filed 15 June 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 18.95m 24.53m 24.38
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

V.F. Corporation (VFC) Latest News

30 Oct

Impact 3 ·

29 Oct

Impact 4 ·
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28 Oct

Impact 4 ·
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Impact 4 · transcript
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27 Oct

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26 Oct

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23 Oct

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22 Oct

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21 Oct

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20 Oct

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19 Oct

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17 Oct

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16 Oct

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14 Oct

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13 Oct

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stockrow.com/VFC · Data as of Sep 28, 2026 · For information only; not investment advice. · © 2026 stockrow.com