Recent News
May 20, 2026 — VF reported fiscal 2026 results showing a return to full-year revenue growth, expanded adjusted margins, a meaningful reduction in net debt and a quarterly dividend of $0.09 per share payable June 18, 2026. June 15, 2026 — VF filed its definitive proxy describing a new, exclusively performance-based CEO equity award tied to a three‑year performance period that requires a minimum adjusted operating margin and a $32 share‑price trigger for payout. April 29, 2026 — the company announced the date for its Q4 fiscal 2026 earnings release and conference call.
Technical Analysis
Directional indicators show no established trend: ADX at 10.31 signals a neutral/low-strength environment, while DI+ (24.23) has started decreasing and DI- (23.68) registered a peak-and-reversal. The combination implies short-term selling pressure increased then moderated, leaving momentum inconclusive and favoring range-bound action that limits follow-through on either side.
MACD sits negative at -0.10 but has turned higher and sits above its signal line (-0.17), producing a bullish momentum cross despite overall negative momentum. That crossover aligns with a mild short-term lift in momentum and supports a near-term bias toward recovery if momentum continues to build.
MRO reads -19.58 and shows a peak-and-reversal pattern; the negative MRO indicates price sits below the model target and therefore carries potential to rise toward fair-value drivers embedded in the valuation. The recent peak-and-reversal suggests that downward pressure has eased and mean reversion toward the WMDST valuation could take place.
RSI at 47.13 and rising indicates neither overbought nor oversold conditions and supports the case for a measured rebound rather than an impulsive trend. Price trades near short- and long-term averages: close $17.37 sits just above the 200‑day average ($17.34) and above the 12‑ to 26‑day EMAs, but below the 50‑day average ($17.91), reinforcing a consolidation band between $16.50 and $18.00 implied by the moving averages and Bollinger boundaries.
Ichimoku components place price below the cloud (Senkou A $18.83, Senkou B $18.98), which functions as overhead resistance until price clears and holds above that zone. Volume and 10/50/200‑day averages remain comparable, showing no surge in participation to break the current range.
Fundamental Analysis
Profitability: EBIT at $402.6M produces an EBIT margin of 14.0%, above the industry peer mean of 13.372% and above the industry peer median of 8.597%. Quarter-over-quarter EBIT margin rose ~23.42%, and year-over-year improvement reached ~65.31%, signaling a meaningful margin recovery versus prior periods.
Margins and cash: Gross margin at 56.622% held steady, operating margin at 11.119% trails the industry peer mean of 13.941%, indicating operating efficiency still lags peers despite improving operating leverage. Operating cash flow of $1.010B and free cash flow of $966.5M imply a free cash flow yield of 13.83%, well above the industry peer mean of ~2.13%, highlighting a strong cash conversion profile versus peers.
Top line and growth: Total revenue came in at $2.8758B for the period provided. Reported revenue growth figures show mixed signals: a headline revenue growth metric of 2.61% alongside a year‑over‑year revenue growth of -5.30%, indicating timing and base effects across reporting periods; earnings growth year‑over‑year improved by ~130.78%, reflecting margin recovery and any one‑time items captured in net income comparisons.
Leverage and liquidity: Total debt $5.339B yields debt-to-assets ~51.18% and debt-to-equity ~299.18%, both above the industry peer means (debt-to-assets mean ~31.855%, debt-to-equity mean ~75.108%), meaning leverage sits meaningfully higher than typical peers. Interest coverage at ~10.13x provides adequate serviceability, but debt-to-EBITDA near 11.1x indicates leverage remains a material headline risk until further deleveraging continues.
Working capital and efficiency: Cash conversion cycle ~101.3 days slightly better than the industry peer mean (~109.3 days). Asset turnover ~0.273 sits a bit below the industry peer mean (~0.331), pointing to room for improved capital efficiency as revenue normalizes with inventory and receivables management.
Valuation: WMDST values the stock as under‑valued. Market multiples show price-to-book ~3.92 below the industry peer mean ~5.91, price-to-sales ~2.43 well below the industry peer mean ~8.57, and price-to-earnings ~31.91 below the industry peer mean ~87.38. Combined with a high free cash flow yield, valuation metrics reflect a substantive discount relative to peer averages despite elevated leverage.
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 % |
|