VF Corporation (VFC)
Gross profit margin
Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross profit (ttm) | US$ in thousands | 4,027,800 | 5,180,490 | 5,217,730 | 5,332,380 | 5,441,380 | 5,646,710 | 5,951,920 | 5,979,130 | 6,096,670 | 6,204,520 | 6,298,680 | 6,435,050 | 6,455,450 | 6,335,850 | 5,930,590 | 5,537,720 | 4,868,052 | 4,637,942 | 4,895,702 | 5,365,742 |
Revenue (ttm) | US$ in thousands | 7,499,160 | 9,877,750 | 10,004,120 | 10,280,410 | 10,459,450 | 10,820,470 | 11,390,860 | 11,437,220 | 11,612,480 | 11,697,530 | 11,791,240 | 11,908,880 | 11,841,840 | 11,599,850 | 10,947,010 | 10,357,090 | 9,238,820 | 8,758,570 | 9,171,780 | 9,956,730 |
Gross profit margin | 53.71% | 52.45% | 52.16% | 51.87% | 52.02% | 52.19% | 52.25% | 52.28% | 52.50% | 53.04% | 53.42% | 54.04% | 54.51% | 54.62% | 54.18% | 53.47% | 52.69% | 52.95% | 53.38% | 53.89% |
March 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,027,800K ÷ $7,499,160K
= 53.71%
The gross profit margin of VF Corporation has shown a fluctuating trend over the past few years. Starting from June 30, 2020, at 53.89%, the margin decreased slightly to 53.38% by September 30, 2020. There was a further decline to 52.95% by the end of December 31, 2020. However, from March 31, 2021, there was a gradual improvement in the gross profit margin, reaching 54.62% by December 31, 2021.
During the first half of 2022, the gross profit margin slightly declined to 54.04% by June 30, 2022. There was a noticeable drop to 52.25% by September 30, 2023, experiencing the lowest point in the analyzed period. Subsequently, the margin started to recover and reached 53.87% by March 31, 2025.
Overall, the gross profit margin of VF Corporation has shown variability but has managed to maintain levels above 50% for the most part of the analyzed period, indicating the company's ability to generate profits from its core business activities after accounting for the cost of goods sold. Efforts to monitor and potentially improve the margin in times of fluctuations may be advisable to sustain profitability over the long term.
Peer comparison
Mar 31, 2025