Sunday 11 October 2026
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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.
15.00
0.47
+3.23%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 45.24 | 63.26 | 65.04 | 45.07 | 65.34 | 25.05 | 12.85 | 11.00 | 9.41 | 12.46 |
Analyst estimates 2027–2029 Powerpack |
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| High | 70.86 | 91.34 | 100.23 | 100.25 | 90.79 | 76.61 | 32.13 | 23.49 | 29.02 | 22.27 | |||||
| People | |||||||||||||||
| People | Employees | 69,000 | — | 75,000 | 48,000 | 40,000 | 35,000 | 33,000 | 30,000 | 27,000 | 26,000 | ||||
| Revenue/emp, $m | 0.12 | 0.00 | 0.14 | 0.22 | 0.23 | 0.34 | 0.34 | 0.33 | 0.35 | 0.37 | |||||
| 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 | ||||
| Gross margin, % | 54.15 | 50.84 | 54.65 | 55.28 | 52.69 | 54.51 | 52.27 | 51.56 | 53.49 | 54.78 | |||||
| EBT | 788 | 1,177 | 1,038 | 727 | 456 | 1,523 | 738 | (285) | 145 | 341 | |||||
| EBT margin, % | 9.39 | 9.68 | 10.11 | 6.93 | 4.94 | 12.86 | 6.65 | (2.87) | 1.53 | 3.55 | |||||
| Net income | 615 | 0 | 1,260 | 679 | 408 | 1,387 | 119 | (969) | (190) | 255 | |||||
| Depreciation | 238 | 72 | 256 | 984 | 717 | 677 | 622 | 1,195 | 701 | 666 | |||||
| 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 | ||||
| Earnings | 1.54 | 2.56 | 3.19 | 1.72 | 1.05 | 3.55 | 0.31 | (2.49) | (0.49) | 0.65 | |||||
| Cash flow | 3.69 | (0.62) | 4.21 | 2.21 | 3.37 | 2.21 | (1.69) | 2.61 | 1.20 | 1.72 | |||||
| Capex | (0.51) | 0.00 | (0.68) | (0.84) | (0.67) | (0.76) | (0.38) | (0.44) | (0.10) | (0.42) | |||||
| Free cash flow | 3.18 | (0.62) | 3.53 | 1.37 | 2.70 | 1.46 | (2.07) | 2.17 | 1.10 | 1.30 | |||||
| Book value | 9.32 | 9.34 | 10.88 | 8.49 | 7.84 | 9.05 | 7.51 | 4.27 | 3.82 | 4.73 | |||||
| Shares, m | 399 | 395 | 395 | 395 | 390 | 390 | 388 | 388 | 389 | 391 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 23.52 | 23.10 | 25.78 | 32.19 | 76.11 | 16.02 | 73.90 | 0.00 | 0.00 | 25.74 | ||||
| P/S | 2.38 | 2.34 | 3.17 | 2.04 | 3.37 | 1.87 | 0.80 | 0.60 | 0.64 | 0.69 | |||||
| P/B | 7.00 | 7.34 | 7.56 | 6.37 | 10.19 | 6.29 | 3.05 | 3.58 | 4.06 | 3.59 | |||||
| EV/Sales | 2.63 | 2.60 | 3.40 | 2.27 | 3.84 | 2.22 | 1.33 | 1.13 | 1.01 | 0.97 | |||||
| EV/FCF | (150.23) | (148.95) | 25.00 | 44.12 | 33.74 | 46.33 | (18.36) | 13.33 | 22.43 | 18.46 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 1,475 | (243) | 1,664 | 875 | 1,313 | 864 | (656) | 1,015 | 465 | 671 | ||||
| Capex | (204) | (74) | (269) | (334) | (262) | (296) | (146) | (171) | (38) | (165) | |||||
| Free cash flow | 1,271 | (243) | 1,395 | 541 | 1,051 | 569 | (801) | 844 | 427 | 506 | |||||
| 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 | ||||
| Total debt | 2,923 | 3,744 | 2,780 | 3,838 | 5,721 | 5,421 | 6,647 | 5,967 | 3,978 | 3,530 | |||||
| Net debt | 2,357 | 3,063 | 2,378 | 2,469 | 4,307 | 4,145 | 5,832 | 5,311 | 3,549 | 2,706 | |||||
| Shareholders’ equity | 3,720 | 3,688 | 4,299 | 3,357 | 3,056 | 3,530 | 2,911 | 1,658 | 1,487 | 1,850 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 6.24 | 9.98 | 12.19 | 6.32 | 3.28 | 10.24 | 0.87 | (7.57) | (1.81) | 2.73 | ||||
| ROIC | 9.08 | 0.00 | 11.14 | 9.95 | 5.16 | 13.29 | 7.14 | (1.29) | 3.77 | 7.91 | |||||
| ROE | 14.20 | 27.29 | 31.55 | 17.75 | 12.72 | 42.11 | 3.68 | (42.41) | (12.06) | 15.28 | |||||
Negative figures in brackets.
Fiscal years to Mar 2026 · latest quarter Jun 2026 · fundamentals updated 28 Sep 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| LEVI Levi Strauss & Co. | $7.3B | 12.3× | 14.7× | +4.30% (above 0%: growing) | −20.60% (below 0%: shrinking) | +37.20% (above 0%: growing) | 66.21% | 13.81% | Compare |
| VFC V.F. Corporation | $5.7B | 21.2× | 15.8× | −5.18% (below 0%: shrinking) | n/m | +50.99% (above 0%: growing) | 54.93% | (4.98%) | |
| ZGN Ermenegildo Zegna N.V. | $5.3B | — (loss-making) | 32.9× | — | n/m | +56.38% (above 0%: growing) | 55.40% | 0.00% | Compare |
| PVH PVH Corp. | $3.7B | — (loss-making) | 6.4× | −3.24% (below 0%: shrinking) | n/m | +111.16% (above 0%: growing) | 63.03% | (9.10%) | Compare |
| KTB Kontoor Brands, Inc. | $3.6B | 13.6× | 13.2× | +18.61% (above 0%: growing) | −11.28% (below 0%: shrinking) | +104.36% (above 0%: growing) | 56.18% | 15.49% | Compare |
| COLM Columbia Sportswear Company | $2.9B | 14.8× | 16.7× | +1.51% (above 0%: growing) | n/m | +324.26% (above 0%: growing) | 58.34% | 5.03% | Compare |
| FIGS FIGS, Inc. | $2.5B | 42.6× | 45.7× | +28.81% (above 0%: growing) | +325.00% (above 0%: growing) | +427.35% (above 0%: growing) | 75.20% | 17.93% | Compare |
| UAA Under Armour, Inc. | $2.1B | — (loss-making) | 59.6× | −3.19% (below 0%: shrinking) | n/m | +600.79% (above 0%: growing) | 54.09% | 4.26% | 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 | $3.3B | 14.2× | 16.7× | +1.51% | −11.28% | +217.71% | 57.26% | 4.65% |
V.F. Corporation (VFC) key facts
- Strength: V.F. Corporation’s revenue for fiscal 2026 (year ended March 2026) was $9.6 billion, up 1.06% from fiscal 2025.
- V.F. Corporation (VFC) is an Apparel Manufacturing company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
- Net income was $254.9 million, or $0.65 per share (basic), a net margin of 2.65%.
- As of October 9, 2026, VFC traded at $15.00, a market capitalization of $5.7 billion.
- At that price the stock trades at 21.2× trailing-twelve-month earnings and 0.6× sales; its P/E is higher than 28% of its own readings over the past ten years.
- V.F. Corporation pays an annual dividend of $0.36 per share, a yield of 2.39%, with a payout ratio of 52.2%.
- Return on equity was 15.3% and debt-to-equity 1.99.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.87 (grey zone) for fiscal 2026.