Is the business good?
How good a business is VFC?
V.F. Corporation earns 10% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
10%
Return on invested capital · cost of capital 9.0% · 1.0 points above what the capital costs: growth creates value
- Operating margin
- 6.0%
Operating margin · Apparel Manufacturing median 6.9% · 12 months to Q4 2026
- Cash conversion
- 2.18×
Cash conversion · every dollar of reported profit arrived as cash, and more
- Gross margin
- 55%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | 6.6% |
| FY2022 | 14% |
| FY2023 | 9.0% |
| FY2024 | −1.5% |
| FY2025 | 3.2% |
| FY2026 | 6.0% |
Details›
- Gross margin12 months to Q4 2026
- 55%
- Operating margin12 months to Q4 2026
- 6.0%
- Net margin12 months to Q4 2026
- 2.6%
- Free cash flow margin
- 5.8%
- Revenue, trailing twelve months
- $9.61B
- Free cash flow, trailing twelve months
- $557M
- Net income, trailing twelve months
- $255M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 10%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Apparel Manufacturing
Ranks #6 of 11 by Smart Score