VFCNYSEMen's & Boys' Furnishgs, Work Clothg, & Allied GarmentsFiscal year ends March 28
V F CORP
Financials through Q4 FY2026, quarter ended Mar 28, 2026Last filing: 10-Q on Jul 29, 2026
$17.14+0.29 (+1.72%)
Close on Oct 19, 2026
- Market cap
- $6.86B
- P/E (TTM)
- 26.8
- Dividend yield
- 2.10%
Margins
Share of revenue, fiscal years 2010 to 2026
Gross margin
54.8%+2.1 pts over 5 years
Operating margin
6.0%−0.6 pts over 5 years
Net margin
2.7%−1.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.1% | -4.7% | +0.8% | -1.4% | |
| Gross profit | +3.5% | -3.2% | +1.6% | -0.3% | |
| Operating income | +89.8% | -16.7% | -1.0% | -8.8% | |
| Net income | – | +29.1% | -9.0% | -13.4% | |
| EPS, diluted | – | +27.3% | -9.3% | -12.9% | |
| Dividend per share | 0.0% | -41.6% | -28.6% | -13.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 22.4% | 12.7% | 15.3% | |
| Return on assets | 12.6% | 3.3% | 2.7% | |
| Current ratio | 2.14 | 2.17 | 1.84 | |
| Debt to equity | 0.34 | 1.87 | 1.91 | |
| Net debt to EBITDA | 0.47× | 5.55× | 3.16× | |
| Interest coverage | – | 4.5× | 3.5× | |
| Inventory turnover | 3.7× | 3.7× | 2.9× | |
| Diluted shares | 425M | 392M | 396M |
Cash use needs five years of cash flow figures
V F does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.7%
×Asset turnover1.03×
×Equity multiplier5.59×
=Return on equity, FY202615.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 2.7% | 1.03× | 5.59× | 15.3% |
| FY2025 | -2.0% | 0.91× | 6.67× | -12.1% |
| FY2024 | -9.8% | 0.77× | 5.60× | -42.4% |
| FY2023 | 1.1% | 0.81× | 4.24× | 3.7% |
| FY2022 | 11.7% | 0.87× | 4.11× | 42.1% |
| FY2021 | 4.4% | 0.74× | 3.88× | 12.7% |
| FY2017 | 7.3% | 0.85× | 2.27× | 14.2% |
| FY2016 | 9.7% | 1.14× | 1.88× | 20.8% |
| FY2015 | 11.2% | 1.13× | 1.77× | 22.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$254.92M
- Cash generatingOperating cash flow above zero$671.27M
- Return on assets improvedROA up on the prior year-1.6% → 2.7%
- Earnings backed by cashOperating cash flow above net income$671.27M vs $254.92M
- Less leverageLong-term debt to assets fell36.5% → 37.9%
- Better liquidityCurrent ratio rose1.40 → 1.84
- No dilutionShare count did not rise393M → 396M
- Gross margin improvedGross margin up on the prior year53.49% → 54.78%
- More efficientAsset turnover rose0.82 → 1.02