Recent News
On April 21, 2026 VF announced a global partnership with Nedap to deploy item-level inventory visibility across its store network, aimed at improving omnichannel fulfillment and inventory accuracy. The company filed its definitive proxy statement on June 15, 2026, disclosing governance and performance-based equity details for management.
Technical Analysis
Directional indicators show no established trend: ADX at 13.07 indicates a lack of a strong directional trend, reducing conviction for breakout-driven moves and elevating the significance of mean-reversion and event-driven catalysts.
DI+ sits at 25.69 with a peak-and-reversal pattern, while DI- reads 24.40 after a dip-and-reversal; that combination signals a recent shift toward selling pressure and shorter-term directional conflict, which favors range-bound risk until a clear directional breakout emerges.
MACD at -0.13 carries a peak-and-reversal signature consistent with waning momentum; however, MACD currently trades above its signal line (-0.25), which constitutes a bullish cross and leaves momentum interpretation ambiguous in the very near term.
MRO at -19.1 indicates the price sits below the model target, implying upward mean-reversion pressure; the magnitude suggests a material potential for mean reversion rather than only a marginal bounce.
RSI at 46.63 registers below the mid-point and shows a peak-and-reversal trend, pointing to recently increased selling interest but not an oversold condition—price retains room on both sides before technical extremes trigger stronger directional responses.
Price context: the close at $17.33 lies slightly above the 200-day average ($17.28) and above the 20-day average ($16.98), while the 50-day average ($18.07) remains higher; short-term averages show a peak-and-reversal at the 12-day EMA and 26-day EMA convergence, reinforcing a consolidation bias with possible volatility spikes around catalysts.
Fundamental Analysis
Profitability: EBIT of $402.6M produces an EBIT margin of 14.0%, which sits slightly above the industry peer mean of 13.372%. Quarter-over-quarter, EBIT margin expanded by 23.424% and year-over-year by 65.309%, signaling meaningful margin recovery that aligns with reported operating improvements.
Revenue: Total revenue reached $2,875.8M. Year-over-year revenue growth registered -5.301%, while the trailing revenue growth metric shows 2.608% growth; the mixed topline signals stabilization after prior portfolio moves and disposals that alter comparable bases.
Cash flow and liquidity: Operating cash flow of $1,010.4M and free cash flow of $966.5M produce a free cash flow yield of 13.831%, well above the industry peer mean of 2.125%, supporting balance-sheet repair and shareholder distributions. Cash and short-term investments total $1,466.5M, while net debt stands at $2,689.2M, leaving leverage elevated but accompanied by improving cash generation.
Leverage and capital structure: Debt-to-equity at 2.99 and debt-to-assets at 0.51178 exceed the industry peer mean debt-to-assets of 0.31855, reflecting a capital structure with higher leverage that management has been reducing; interest coverage at 10.13 indicates the company maintains ample capacity to service debt.
Margins and efficiency: Gross margin at 56.622% expanded slightly YoY; asset turnover at 0.2729 sits below the industry peer mean of 0.33077, indicating room to improve capital efficiency. Cash conversion cycle at ~101 days sits near the industry peer mean of 109.28 days, and has shortened QoQ, improving working capital dynamics.
Earnings: Reported EPS measures include an EPS estimate of -$0.01 and an EPS surprise ratio of 1.0; retained earnings remain negative at -$808.2M reflecting historical charges and portfolio changes. Return on equity at 16.859% and return on assets at 2.855% show profitability improving from prior periods.
Valuation: The current valuation as determined by WMDST classifies the stock as under-valued. Price-based multiples sit at a PE of 31.91 and an EV-to-EBIT of ~3.78; the free cash flow yield and margin recovery form the primary inputs supporting the under-valued assessment.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-05-20 |
| NEXT REPORT DATE: | 2026-08-19 |
| CASH FLOW | Begin Period Cash Flow | $ 435.5 M |
| Operating Cash Flow | $ 1.0 B | |
| Capital Expenditures | $ -43.89 M | |
| Change In Working Capital | $ 584.3 M | |
| Dividends Paid | $ -35.20 M | |
| Cash Flow Delta | $ 1.0 B | |
| End Period Cash Flow | $ 1.5 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.9 B | |
| Forward Revenue | $ 247.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.2 B | |
| Depreciation | $ 78.9 M | |
| Depreciation and Amortization | $ 78.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.6 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.6 B | |
| EBITDA | $ 481.5 M | |
| EBIT | $ 402.6 M | |
| Operating Income | $ 319.8 M | |
| Interest Income | $ 5.1 M | |
| Interest Expense | $ 39.7 M | |
| Net Interest Income | $ -34.61 M | |
| Income Before Tax | $ 362.9 M | |
| Tax Provision | $ 62.0 M | |
| Tax Rate | 17.09 % | |
| Net Income | $ 300.8 M | |
| Net Income From Continuing Operations | $ 300.8 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.01 | |
| EPS Actual | — | |
| EPS Difference | $ 0.00 | |
| EPS Surprise | 100.0 % | |
| Forward EPS | $ 0.26 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 10.4 B | |
| Intangible Assets | $ 2.1 B | |
| Net Tangible Assets | $ -281.83 M | |
| Total Current Assets | $ 5.0 B | |
| Cash and Short-Term Investments | $ 1.5 B | |
| Cash | $ 1.5 B | |
| Net Receivables | $ 1.4 B | |
| Inventory | $ 1.7 B | |
| Long-Term Investments | $ 1.3 B | |
| LIABILITIES | ||
| Accounts Payable | $ 1.0 B | |
| Short-Term Debt | $ 598.7 M | |
| Total Current Liabilities | $ 3.2 B | |
| Net Debt | $ 2.7 B | |
| Total Debt | $ 5.3 B | |
| Total Liabilities | $ 8.6 B | |
| EQUITY | ||
| Total Equity | $ 1.8 B | |
| Retained Earnings | $ -808.22 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 4.56 | |
| Shares Outstanding | 391.080 M | |
| Revenue Per-Share | $ 7.35 | |
| VALUATION | Market Capitalization | $ 7.0 B |
| Enterprise Value | $ 10.9 B | |
| Enterprise Multiple | 22.556 | |
| Enterprise Multiple QoQ | -20.277 % | |
| Enterprise Multiple YoY | -13.589 % | |
| Enterprise Multiple IPRWA | high: 85.499 median: 85.499 mean: 60.779 VFC: 22.556 low: -26.368 |
|
| EV/R | 3.776 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 5.846 | |
| Asset To Liability | 1.206 | |
| Debt To Capital | 0.749 | |
| Debt To Assets | 0.512 | |
| Debt To Assets QoQ | -5.935 % | |
| Debt To Assets YoY | 607.66 % | |
| Debt To Assets IPRWA | high: 0.701 VFC: 0.512 mean: 0.319 median: 0.299 low: 0.034 |
|
| Debt To Equity | 2.992 | |
| Debt To Equity QoQ | -23.651 % | |
| Debt To Equity YoY | 558.566 % | |
| Debt To Equity IPRWA | high: 5.089 VFC: 2.992 median: 0.801 mean: 0.751 low: 0.045 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.916 | |
| Price To Book QoQ | 3.401 % | |
| Price To Book YoY | -22.029 % | |
| Price To Book IPRWA | high: 9.303 median: 6.991 mean: 5.913 VFC: 3.916 low: 0.492 |
|
| Price To Earnings (P/E) | 31.909 | |
| Price To Earnings QoQ | 15.826 % | |
| Price To Earnings YoY | -8.681 % | |
| Price To Earnings IPRWA | high: 125.538 mean: 87.378 median: 84.323 VFC: 31.909 low: -7.846 |
|
| PE/G Ratio | 4.148 | |
| Price To Sales (P/S) | 2.43 | |
| Price To Sales QoQ | 21.679 % | |
| Price To Sales YoY | -18.399 % | |
| Price To Sales IPRWA | high: 20.417 mean: 8.572 median: 7.923 VFC: 2.43 low: 0.408 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 63.4 | |
| Forward PE/G | 8.242 | |
| Forward P/S | 28.446 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 10.217 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.273 | |
| Asset Turnover Ratio QoQ | 1.239 % | |
| Asset Turnover Ratio YoY | 9.656 % | |
| Asset Turnover Ratio IPRWA | high: 0.496 median: 0.331 mean: 0.331 VFC: 0.273 low: 0.029 |
|
| Receivables Turnover | 1.744 | |
| Receivables Turnover Ratio QoQ | -4.974 % | |
| Receivables Turnover Ratio YoY | -2.646 % | |
| Receivables Turnover Ratio IPRWA | high: 15.778 mean: 4.257 median: 2.323 VFC: 1.744 low: 0.99 |
|
| Inventory Turnover | 0.71 | |
| Inventory Turnover Ratio QoQ | 5.701 % | |
| Inventory Turnover Ratio YoY | 11.099 % | |
| Inventory Turnover Ratio IPRWA | high: 1.07 median: 0.932 mean: 0.797 VFC: 0.71 low: 0.402 |
|
| Days Sales Outstanding (DSO) | 52.315 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 101.308 | |
| Cash Conversion Cycle Days QoQ | -31.938 % | |
| Cash Conversion Cycle Days YoY | -8.747 % | |
| Cash Conversion Cycle Days IPRWA | high: 338.107 mean: 109.284 VFC: 101.308 median: 95.506 low: 21.797 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.629 | |
| CapEx To Revenue | -0.015 | |
| CapEx To Depreciation | -0.556 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.3 B | |
| Net Invested Capital | $ 5.9 B | |
| Invested Capital | $ 5.9 B | |
| Net Tangible Assets | $ -281.83 M | |
| Net Working Capital | $ 1.8 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.456 | |
| Current Ratio | 1.549 | |
| Current Ratio QoQ | 13.715 % | |
| Current Ratio YoY | -0.481 % | |
| Current Ratio IPRWA | high: 4.224 mean: 2.088 median: 2.063 VFC: 1.549 low: 0.217 |
|
| Quick Ratio | 1.033 | |
| Quick Ratio QoQ | 19.001 % | |
| Quick Ratio YoY | 3.303 % | |
| Quick Ratio IPRWA | high: 2.869 median: 1.399 mean: 1.373 VFC: 1.033 low: 0.111 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 11.088 | |
| Cost Of Debt | 0.592 % | |
| Interest Coverage Ratio | 10.129 | |
| Interest Coverage Ratio QoQ | 58.095 % | |
| Interest Coverage Ratio YoY | 82.917 % | |
| Interest Coverage Ratio IPRWA | high: 701.0 mean: 100.581 VFC: 10.129 median: -15.015 low: -165.305 |
|
| Operating Cash Flow Ratio | 0.31 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 70.651 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 8.548 | |
| Dividend Payout Ratio | 0.117 | |
| Dividend Rate | $ 0.09 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.996 % | |
| Revenue Growth | 2.608 % | |
| Revenue Growth QoQ | -95.593 % | |
| Revenue Growth YoY | -5.301 % | |
| Revenue Growth IPRWA | high: 61.21 % mean: 13.4 % median: 6.032 % VFC: 2.608 % low: -12.568 % |
|
| Earnings Growth | 7.692 % | |
| Earnings Growth QoQ | -102.429 % | |
| Earnings Growth YoY | 130.783 % | |
| Earnings Growth IPRWA | high: 223.077 % mean: 19.854 % median: 8.163 % VFC: 7.692 % low: -44.737 % |
|
| MARGINS | ||
| Gross Margin | 56.622 % | |
| Gross Margin QoQ | 8.513 % | |
| Gross Margin YoY | 0.592 % | |
| Gross Margin IPRWA | high: 100.0 % VFC: 56.622 % mean: 49.958 % median: 40.597 % low: -11.248 % |
|
| EBIT Margin | 14.0 % | |
| EBIT Margin QoQ | 23.424 % | |
| EBIT Margin YoY | 65.309 % | |
| EBIT Margin IPRWA | high: 32.08 % VFC: 14.0 % mean: 13.372 % median: 8.597 % low: -19.556 % |
|
| Return On Sales (ROS) | 11.119 % | |
| Return On Sales QoQ | -0.314 % | |
| Return On Sales YoY | 31.291 % | |
| Return On Sales IPRWA | high: 31.384 % mean: 13.941 % VFC: 11.119 % median: 9.152 % low: -19.556 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 966.5 M | |
| Free Cash Flow Yield | 13.831 % | |
| Free Cash Flow Yield QoQ | -395.219 % | |
| Free Cash Flow Yield YoY | 30.235 % | |
| Free Cash Flow Yield IPRWA | high: 25.352 % VFC: 13.831 % mean: 2.125 % median: 0.392 % low: -22.722 % |
|
| Free Cash Growth | -468.618 % | |
| Free Cash Growth QoQ | -1353.425 % | |
| Free Cash Growth YoY | 26.667 % | |
| Free Cash Growth IPRWA | high: 1193.641 % mean: 243.024 % median: -38.231 % VFC: -468.618 % low: -647.462 % |
|
| Free Cash To Net Income | 3.213 | |
| Cash Flow Margin | 34.632 % | |
| Cash Flow To Earnings | 3.311 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 2.855 % | |
| Return On Assets QoQ | 56.438 % | |
| Return On Assets YoY | 93.822 % | |
| Return On Assets IPRWA | high: 12.202 % mean: 3.684 % VFC: 2.855 % median: 2.109 % low: -6.994 % |
|
| Return On Capital Employed (ROCE) | 5.58 % | |
| Return On Equity (ROE) | 0.169 | |
| Return On Equity QoQ | 31.29 % | |
| Return On Equity YoY | 68.826 % | |
| Return On Equity IPRWA | high: 0.238 VFC: 0.169 mean: 0.065 median: 0.056 low: -0.206 |
|
| DuPont ROE | 18.443 % | |
| Return On Invested Capital (ROIC) | 5.619 % | |
| Return On Invested Capital QoQ | 52.649 % | |
| Return On Invested Capital YoY | -116.501 % | |
| Return On Invested Capital IPRWA | high: 6.729 % VFC: 5.619 % mean: 3.949 % median: 3.609 % low: -0.137 % |
|