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.