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VF Corporation key statistics and ratios

In fiscal 2026, VF Corporation had return on equity of 15.3% and a net margin of 2.7%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Jan 20102011Jan 20112012Dec 20112013Dec 20122014Dec 20132015Jan 20152016Jan 20162017Dec 20162018Dec 20172019Mar 20192020Mar 20202021Apr 20212022Apr 20222023Apr 20232024Mar 20242025Mar 20252026Mar 2026LTMSept 2026
Net margin6.4%7.4%9.4%10.0%10.6%8.8%11.2%9.7%7.3%12.3%6.5%4.4%11.7%1.1%−9.8%−2.0%2.7%3.9%
Return on equity12.1%14.9%21.2%22.5%21.6%17.9%22.4%20.8%14.2%31.4%17.7%12.7%42.1%3.7%−42.4%−12.1%15.3%19.0%
Return on assets7.1%8.8%11.3%11.5%12.2%10.5%12.6%11.1%6.2%12.4%6.3%3.3%10.2%0.9%−7.6%−1.8%2.7%3.8%
Effective tax rate18.6%14.2%18.6%19.1%22.6%22.5%22.2%16.0%66.0%16.2%13.5%22.3%20.2%−2.4%—52.2%25.3%15.9%
SG&A as % of revenue32.4%33.4%32.6%33.1%33.6%33.4%34.1%35.4%43.6%43.1%43.4%45.9%40.7%43.3%47.9%49.4%48.5%48.8%
Dividends ÷ net income56.7%46.3%32.2%30.7%33.2%45.7%45.9%59.2%111.3%60.9%110.2%185.5%55.7%592.7%——55.2%38.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 7 checks passed · September 26, 2026
What it owns · $10.0bn
Short-term assets $4.7bnLonger-term assets $5.3bn
What it owes, and who funded it · $10.0bn
Short-term liabilities $3.2bnLonger-term liabilities $4.8bnShareholders' equity $2.0bn
  • Short-term assets cover short-term liabilities $4.7bn of assets due within a year against $3.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4.7bn short-term assets against $4.8bn of longer-dated liabilities.
  • More cash than debt $443m of cash against $3.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 149% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 129% to 149% over five years.
  • A year's operating cash flow covers at least 20% of debt $830m of operating cash flow against $3.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of $635m against $136m of interest.

From VF Corporation's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

51 /100

Moderate moat

How hard VF's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Cash operating profit has been a median 6.6% of total assets over 9 years.

  • Pricing power 18 / 20

    Gross margin has been a median 53.8%, moving by 2.1 percentage points (standard deviation) across 9 years.

  • Durability 2 / 20

    Operating margin has been a median 9.2%; its worst year was -3.3%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 9 of 10 years, at a median 7.5% of revenue.

  • Discipline 16 / 20

    The diluted share count rose 1.1% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (56 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: PVH vs VFCRL vs VFCTPR vs VFCLULU vs VFC

More: Apparel, Accessories & Luxury Goods stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from VF Corporation's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to VF Corporation.