VF Corporation (VFC)
Pretax 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 129,704 | -279,935 | -542,145 | -468,927 | -233,685 | -40,045 | 481,398 | 43,623 | 43,287 | 430,407 | 615,819 | 1,281,486 | 1,523,250 | 1,441,178 | 1,186,571 | 948,567 | 456,472 | -22,268 | 130,861 | 398,625 |
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 |
Pretax margin | 1.73% | -2.83% | -5.42% | -4.56% | -2.23% | -0.37% | 4.23% | 0.38% | 0.37% | 3.68% | 5.22% | 10.76% | 12.86% | 12.42% | 10.84% | 9.16% | 4.94% | -0.25% | 1.43% | 4.00% |
March 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $129,704K ÷ $7,499,160K
= 1.73%
VF Corporation's pretax margin has displayed fluctuations over the periods provided. The trend shows a decline from a positive 4.00% in June 2020 to negative levels, reaching a low of -5.42% in September 2024. However, there was a notable recovery in the following periods, with the pretax margin improving to positive territory, ending at a healthy 1.73% in March 2025.
The pretax margin is an important measure of operational efficiency and profitability as it indicates the percentage of revenue that translates into pre-tax income. The fluctuations observed in VF Corporation's pretax margin suggest varying levels of cost management, pricing strategies, and overall business performance during the period under review. It is essential for the company to closely monitor and manage its cost structures, revenue streams, and operational efficiencies to maintain or improve its pretax margin in the future.
Peer comparison
Mar 31, 2025