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.