V F
VFC on NYSE. V F sells clothing, footwear and equipment to consumers worldwide. Market value $5.6bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to March 2026.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $11.20 of spare cash in the past 12 months. A savings account pays about $4.
You pay 14.6 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 9 cents a year. Above 10 is good.
Quality score: 50 of 100. Price score: 89 of 100. Our list needs 70 on quality and 60 on price.
$14.27 a share, 15% above its 1-year low
Over the past year the price has ranged from $12.46 to $22.27.
Dividend: 2.5% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $11.8bn | $11.1bn | $9.9bn | $9.5bn | $9.6bn |
| Operating margin | |||||
| Operating margin | 13.8% | 9.0% | -1.5% | 3.2% | 6.0% |
| Debt to equity | |||||
| Debt to equity | 1.54 | 2.28 | 3.60 | 2.67 | 1.91 |
| Shares outstanding | |||||
| Shares outstanding | 0.39bn | 0.39bn | 0.39bn | 0.39bn | 0.39bn |
Health checks
- Free cash flow positive4 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)8 of 9
- Profit backed by cash (accruals)Yes
- Debt1.91× equity
- Revenue growth, five yearsSlow, 0.8% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.7 billion last quarter, down 5% on a year ago.
- A loss of $97 million, compared with a loss of $116 million a year ago.
- It keeps 6 cents of each $1 of sales as operating profit, up from 4 cents a year earlier.
- Spare cash over the past 12 months: $628 million, up from $209 million.
- 1% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $2.8 billion more than cash, down from $3.9 billion a year ago.
| Quarter to | Amount |
|---|---|
| September 2024 | $2.8bn |
| December 2024 | $2.8bn |
| March 2025 | Not reported |
| June 2025 | $1.8bn |
| September 2025 | $2.8bn |
| December 2025 | $2.9bn |
| March 2026 | $2.2bn |
| June 2026 | $1.7bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $52m |
| December 2024 | $168m |
| March 2025 | -$151m |
| June 2025 | -$116m |
| September 2025 | $190m |
| December 2025 | $301m |
| March 2026 | -$119m |
| June 2026 | -$97m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 20 May 2026
- Next quarterly (estimated, 10-Q)
- 28 October 2026
Who owns it
5 long-term investors we follow own it, down from 6 last quarter. 552 funds in all.
- Oasis ManagementSeth Fischer
- Value
- $417,000
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Dodge & CoxDodge & Cox investment committee | $374m | 0.2% | Cut |
| Engaged CapitalGlenn Welling | $75m | 23.4% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $12m | <0.1% | Added |
| Oasis ManagementSeth Fischer | $417,000 | <0.1% | |
| Select Equity GroupGeorge Loening | $5,421 | <0.1% | Cut |
Sold out this quarter
Largest holders overall
- PNC Financial Services Group$1.2bnCut
- BlackRock$511m
- M&G$439m
- Dodge & Cox$374mCut
- Northern Trust$330m
- Vanguard Portfolio Management$306m
- Vanguard Capital Management$282m
- AQR Capital Management$201mCut
- State Street$188mAdded
- FMR$178mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- The PNC Financial Services Group, IncPassive investor9.7%Since 31 December 2024
- BlackRock, Inc.Passive investor7.4%Since 31 March 2025
- M&G Plc on behalf of certain subsidiariesPassive investor6.6%+1.3 ptsSince 31 December 2025
- Dodge & CoxPassive investor5.7%−2.7 ptsSince 30 June 2026
- NORTHERN TRUST CORPPassive investor5.1%Since 31 December 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
The PNC Financial Services Group, Inc Passive investor | 9.7% | 31 December 2024 | |
BlackRock, Inc. Passive investor | 7.4% | 31 March 2025 | |
M&G Plc on behalf of certain subsidiaries Passive investor | 6.6%+1.3 pts | 31 December 2025 | |
Dodge & Cox Passive investor | 5.7%−2.7 pts | 30 June 2026 | |
NORTHERN TRUST CORP Passive investor | 5.1% | 31 December 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $1m of shares on the open market. 1 sold $142,241.
- Carucci RichardDirectorBought
- Date
- 13 August 2026
- Shares
- 20,000
- Price
- $14.73
- Value
- $294,600
- Darrell BrackenPresident & Chief Exec Officer, DirectorBought
- Date
- 31 July 2026
- Shares
- 32,894
- Price
- $14.98
- Value
- $492,752
- Carucci RichardDirectorBought
- Date
- 9 June 2026
- Shares
- 30,000
- Price
- $17.17
- Value
- $515,100
- CHUGG JULIANA LDirectorSold
- Date
- 10 February 2026
- Shares
- 6,678
- Price
- $21.30
- Value
- $142,241
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 13 August 2026 | Carucci Richard Director | Bought | 20,000 | $14.73 | $294,600 |
| 31 July 2026 | Darrell Bracken President & Chief Exec Officer, Director | Bought | 32,894 | $14.98 | $492,752 |
| 9 June 2026 | Carucci Richard Director | Bought | 30,000 | $17.17 | $515,100 |
| 10 February 2026 | CHUGG JULIANA L Director | Sold | 6,678 | $21.30 | $142,241 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have barely grown: 0.8% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.