V.F. Corp Financials
This page shows V.F. Corp (VFC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
V.F. is rebuilding cash generation by cutting inventory and debt, but overhead still reflects a larger former sales base.
The company has cut inventory from$2.8B to$1.6B , which fits a business being resized rather than restocked for growth. With long-term debt also down to$3.4B while sales kept slipping, FY2025's improvement looks balance-sheet-led more than volume-led.
The cash conversion picture improved faster than reported earnings: operating cash flow was
The margin shape is uneven: gross margin recovered to
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of V.F. Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
V.F. Corp has an operating margin of 6.0%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 44/100, indicating healthy but not exceptional operating efficiency. This is up from 3.2% the prior year.
V.F. Corp's revenue grew a modest 1.1% year-over-year to $9.6B. This slow but positive growth earns a score of 27/100.
V.F. Corp has elevated debt relative to equity (D/E of 1.90), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 20/100, reflecting increased financial risk.
V.F. Corp's current ratio of 1.84 indicates adequate short-term liquidity, earning a score of 53/100. The company can meet its near-term obligations, though with limited headroom.
V.F. Corp's ROE of 13.8% shows moderate profitability relative to equity, earning a score of 47/100. This is up from -12.8% the prior year.
V.F. Corp scores 1.87, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
V.F. Corp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, V.F. Corp generates $2.63 in operating cash flow ($671.3M OCF vs $254.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
V.F. Corp earns $3.5 in operating income for every $1 of interest expense ($576.6M vs $166.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
V.F. Corp generated $9.6B in revenue in fiscal year 2026. This represents an increase of 1.1% from the prior year.
V.F. Corp's EBITDA was $857.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 52.1% from the prior year.
V.F. Corp reported $254.9M in net income in fiscal year 2026. This represents an increase of 234.4% from the prior year.
V.F. Corp earned $0.64 per diluted share (EPS) in fiscal year 2026. This represents an increase of 255.6% from the prior year.
Cash & Balance Sheet
V.F. Corp held $823.9M in cash against $3.5B in long-term debt as of fiscal year 2026.
V.F. Corp paid $0.36 per share in dividends in fiscal year 2026. This represents an increase of 0.0% from the prior year.
V.F. Corp had 392M shares outstanding in fiscal year 2026. This represents an increase of 0.5% from the prior year.
Margins & Returns
V.F. Corp's gross margin was 54.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.3 percentage points from the prior year.
V.F. Corp's operating margin was 6.0% in fiscal year 2026, reflecting core business profitability. This is up 2.8 percentage points from the prior year.
V.F. Corp's net profit margin was 2.6% in fiscal year 2026, showing the share of revenue converted to profit. This is up 4.7 percentage points from the prior year.
V.F. Corp's ROE was 13.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 26.5 percentage points from the prior year.
Capital Allocation
VFC Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B-24.7% | $2.9B+2.6% | $2.8B+59.2% | $1.8B-17.9% | $2.1B-24.4% | $2.8B+2.8% | $2.8B+55.9% | $1.8B |
| Cost of Revenue | $944.1M-24.3% | $1.2B-6.9% | $1.3B+65.1% | $811.7M-18.9% | $1.0B-19.2% | $1.2B-6.0% | $1.3B+52.6% | $863.4M |
| Gross Profit | $1.2B-25.0% | $1.6B+11.3% | $1.5B+54.1% | $949.0M-16.9% | $1.1B-28.4% | $1.6B+10.7% | $1.4B+59.1% | $905.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.2B-11.3% | $1.3B+13.8% | $1.1B+11.0% | $1.0B-12.0% | $1.2B-10.7% | $1.3B+13.0% | $1.2B+13.4% | $1.0B |
| Operating Income | $61.5M-78.7% | $289.1M-7.5% | $312.6M+461.0% | -$86.6M-18.8% | -$72.9M-132.3% | $225.8M-17.6% | $273.9M+322.6% | -$123.0M |
| Interest Expense | $33.8M-15.0% | $39.7M-19.9% | $49.6M+13.7% | $43.6M+8.9% | $40.1M-7.5% | $43.3M-6.5% | $46.4M+4.6% | $44.3M |
| Income Tax | -$44.0M-171.0% | $62.0M-21.0% | $78.5M+870.9% | -$10.2M-130.3% | $33.7M+22.1% | $27.6M-1.7% | $28.0M+308.9% | -$13.4M |
| Net Income | -$119.3M-139.6% | $300.8M+58.5% | $189.8M+263.0% | -$116.4M+22.8% | -$150.8M-189.9% | $167.8M+221.6% | $52.2M+120.2% | -$258.9M |
| EPS (Diluted) | N/A | $0.76+58.3% | $0.48+260.0% | $-0.30 | N/A | $0.43-17.3% | $0.52+233.3% | $-0.39 |
VFC Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.3B-10.9% | $10.4B-2.0% | $10.6B+4.9% | $10.2B+8.2% | $9.4B-11.1% | $10.6B-13.6% | $12.2B+5.9% | $11.5B |
| Current Assets | $4.0B-19.5% | $5.0B-2.7% | $5.1B+17.0% | $4.4B+15.6% | $3.8B-24.6% | $5.0B-22.3% | $6.5B+48.5% | $4.3B |
| Cash & Equivalents | $823.9M-43.8% | $1.5B+249.9% | $419.1M-34.8% | $642.4M+49.6% | $429.4M-68.6% | $1.4B+178.2% | $492.2M-21.3% | $625.4M |
| Inventory | $1.4B-17.3% | $1.7B-10.6% | $1.9B-13.1% | $2.1B+31.3% | $1.6B-9.3% | $1.8B-13.8% | $2.1B+1.1% | $2.1B |
| Accounts Receivable | $1.4B+0.9% | $1.4B-24.8% | $1.9B+60.5% | $1.2B-11.3% | $1.3B-1.6% | $1.3B-26.2% | $1.8B+73.5% | $1.0B |
| Goodwill | $587.7M-0.7% | $591.7M-4.7% | $620.6M0.0% | $620.8M+2.9% | $603.4M-4.9% | $634.4M-2.7% | $651.9M+1.4% | $643.2M |
| Total Liabilities | $7.4B-14.0% | $8.6B-5.7% | $9.2B+3.5% | $8.9B+12.3% | $7.9B-11.1% | $8.9B-17.9% | $10.8B+6.5% | $10.2B |
| Current Liabilities | $2.2B-32.2% | $3.2B-14.4% | $3.8B+9.3% | $3.4B+27.5% | $2.7B-16.4% | $3.2B-35.2% | $5.0B+13.0% | $4.4B |
| Long-Term Debt | $3.5B-1.0% | $3.6B+0.4% | $3.5B-0.5% | $3.6B+4.4% | $3.4B-12.2% | $3.9B-3.6% | $4.0B+2.2% | $3.9B |
| Total Equity | $1.8B+3.7% | $1.8B+20.7% | $1.5B+14.4% | $1.3B-13.1% | $1.5B-11.5% | $1.7B+19.5% | $1.4B+1.3% | $1.4B |
| Retained Earnings | -$928.8M-14.9% | -$808.2M+27.0% | -$1.1B+14.5% | -$1.3B-10.4% | -$1.2B-15.0% | -$1.0B+13.9% | -$1.2B+4.1% | -$1.2B |
VFC Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.3M-96.7% | $1.0B+545.1% | -$227.0M-56.1% | -$145.5M+15.0% | -$171.1M-118.6% | $918.1M+404.4% | -$301.6M-1620.9% | $19.8M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$50.6M-109.2% | $547.7M+1434.2% | -$41.1M+16.2% | -$49.0M-172.6% | -$18.0M-101.2% | $1.5B+15109.8% | -$9.8M+11.6% | -$11.1M |
| Financing Cash Flow | -$611.9M-16.0% | -$527.7M-939.1% | $62.9M-81.4% | $339.0M+143.1% | -$786.3M+47.1% | -$1.5B-1009.1% | $163.4M+536.4% | -$37.4M |
| Dividends Paid | $35.2M+0.1% | $35.2M+0.1% | $35.2M0.0% | $35.1M+0.2% | $35.1M+0.1% | $35.0M0.0% | $35.0M+0.1% | $35.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VFC Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.4%-0.2pp | 56.6%+4.4pp | 52.2%-1.7pp | 53.9%+0.6pp | 53.3%-3.0pp | 56.3%+4.1pp | 52.2%+1.0pp | 51.2% |
| Operating Margin | 2.8%-7.2pp | 10.1%-1.1pp | 11.2%+16.1pp | -4.9%-1.5pp | -3.4%-11.4pp | 8.0%-2.0pp | 9.9%+16.9pp | -7.0% |
| Net Margin | -5.5%-16.0pp | 10.5%+3.7pp | 6.8%+13.4pp | -6.6%+0.4pp | -7.0%-13.0pp | 5.9%+4.0pp | 1.9%+16.5pp | -14.6% |
| Return on Equity | -6.4%-23.3pp | 16.9%+4.0pp | 12.8%+21.8pp | -9.0%+1.1pp | -10.1%-20.1pp | 10.0%+6.3pp | 3.7%+22.4pp | -18.6% |
| Return on Assets | -1.3%-4.2pp | 2.9%+1.1pp | 1.8%+2.9pp | -1.1%+0.5pp | -1.6%-3.2pp | 1.6%+1.2pp | 0.4%+2.7pp | -2.2% |
| Current Ratio | 1.84+0.3 | 1.55+0.2 | 1.36+0.1 | 1.27-0.1 | 1.40-0.2 | 1.56+0.3 | 1.30+0.3 | 0.99 |
| Debt-to-Equity | 1.90-0.1 | 1.99-0.4 | 2.40-0.4 | 2.76+0.5 | 2.29-0.0 | 2.31-0.6 | 2.86+0.0 | 2.84 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is V.F. Corp's annual revenue?
V.F. Corp (VFC) reported $9.6B in total revenue for fiscal year 2026. This represents a 1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is V.F. Corp's revenue growing?
V.F. Corp (VFC) revenue grew by 1.1% year-over-year, from $9.5B to $9.6B in fiscal year 2026.
Is V.F. Corp profitable?
Yes, V.F. Corp (VFC) reported a net income of $254.9M in fiscal year 2026, with a net profit margin of 2.6%.
What is V.F. Corp's EBITDA?
V.F. Corp (VFC) had EBITDA of $857.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does V.F. Corp have?
As of fiscal year 2026, V.F. Corp (VFC) had $823.9M in cash and equivalents against $3.5B in long-term debt.
What is V.F. Corp's gross margin?
V.F. Corp (VFC) had a gross margin of 54.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is V.F. Corp's operating margin?
V.F. Corp (VFC) had an operating margin of 6.0% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is V.F. Corp's net profit margin?
V.F. Corp (VFC) had a net profit margin of 2.6% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does V.F. Corp pay dividends?
Yes, V.F. Corp (VFC) paid $0.36 per share in dividends during fiscal year 2026.
What is V.F. Corp's return on equity (ROE)?
V.F. Corp (VFC) has a return on equity of 13.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is V.F. Corp's operating cash flow?
V.F. Corp (VFC) generated $671.3M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are V.F. Corp's total assets?
V.F. Corp (VFC) had $9.3B in total assets as of fiscal year 2026, including both current and long-term assets.
What is V.F. Corp's current ratio?
V.F. Corp (VFC) had a current ratio of 1.84 as of fiscal year 2026, which is generally considered healthy.
What is V.F. Corp's debt-to-equity ratio?
V.F. Corp (VFC) had a debt-to-equity ratio of 1.90 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is V.F. Corp's return on assets (ROA)?
V.F. Corp (VFC) had a return on assets of 2.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is V.F. Corp's Altman Z-Score?
V.F. Corp (VFC) has an Altman Z-Score of 1.87, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is V.F. Corp's Piotroski F-Score?
V.F. Corp (VFC) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are V.F. Corp's earnings high quality?
V.F. Corp (VFC) has an earnings quality ratio of 2.63x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can V.F. Corp cover its interest payments?
V.F. Corp (VFC) has an interest coverage ratio of 3.5x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is V.F. Corp?
V.F. Corp (VFC) scores 32 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.