VF Corporation (VFC)

Operating profit margin

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating income	US$ in thousands	393,015	-34,062	1,797,710	1,632,200	607,631
Revenue	US$ in thousands	9,504,690	10,454,700	11,612,500	11,841,800	9,238,830
Operating profit margin		4.13%	-0.33%	15.48%	13.78%	6.58%

March 31, 2025 calculation

Operating profit margin = Operating income ÷ Revenue
= $393,015K ÷ $9,504,690K
= 4.13%

To analyze VF Corporation's operating profit margin over the five-year period from March 31, 2021, to March 31, 2025, we observe the following trends:

1. March 31, 2021: The operating profit margin was 6.58%, indicating that for every dollar of revenue generated, VF Corporation retained 6.58 cents as operating profit.

2. March 31, 2022: The operating profit margin increased significantly to 13.78%, demonstrating improved operational efficiency and profitability.

3. March 31, 2023: The trend of improving profitability continued, with the operating profit margin rising to 15.48%, indicating enhanced cost management and potential revenue growth.

4. March 31, 2024: There was a notable downturn in the operating profit margin, falling to -0.33%. This negative margin suggests that VF Corporation's operating expenses exceeded its operating income for this period, indicating potential challenges or one-time events impacting profitability.

5. March 31, 2025: The operating profit margin showed a slight recovery to 4.13%, but it remained below the levels seen in 2022 and 2023.

Overall, VF Corporation's operating profit margin fluctuated over the five-year period, with a significant improvement in 2022 and 2023, followed by a sharp decline in 2024. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's financial health and operational effectiveness.