VF Corporation (VFC) - Net Assets
Based on the latest financial reports, VF Corporation (VFC) has net assets worth $1.78 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.43 Billion) and total liabilities ($8.65 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check VF Corporation liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.78 Billion |
| % of Total Assets | 17.11% |
| Annual Growth Rate | 2.56% |
| 5-Year Change | -51.33% |
| 10-Year Change | -72.38% |
| Growth Volatility | 17.76 |
VF Corporation - Net Assets Trend (1986–2025)
This chart illustrates how VF Corporation's net assets have evolved over time, based on quarterly financial data. Also explore VF Corporation balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for VF Corporation (1986–2025)
The table below shows the annual net assets of VF Corporation from 1986 to 2025. For live valuation and market cap data, see market cap of VF Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.49 Billion | -10.31% |
| 2024-03-31 | $1.66 Billion | -43.03% |
| 2023-03-31 | $2.91 Billion | -17.55% |
| 2022-03-31 | $3.53 Billion | +15.52% |
| 2021-03-31 | $3.06 Billion | -8.97% |
| 2020-03-31 | $3.36 Billion | -21.90% |
| 2019-03-31 | $4.30 Billion | +16.55% |
| 2018-03-31 | $3.69 Billion | -25.36% |
| 2017-03-31 | $4.94 Billion | -8.24% |
| 2016-03-31 | $5.38 Billion | -4.37% |
| 2015-03-31 | $5.63 Billion | -7.34% |
| 2014-03-31 | $6.08 Billion | +18.56% |
| 2013-03-31 | $5.13 Billion | +13.27% |
| 2012-03-31 | $4.53 Billion | +17.19% |
| 2011-03-31 | $3.86 Billion | +0.82% |
| 2010-03-31 | $3.83 Billion | +7.70% |
| 2009-03-31 | $3.56 Billion | -0.59% |
| 2008-03-31 | $3.58 Billion | +9.54% |
| 2007-03-31 | $3.27 Billion | +16.27% |
| 2006-03-31 | $2.81 Billion | +11.74% |
| 2005-03-31 | $2.51 Billion | +28.80% |
| 2004-03-31 | $1.95 Billion | +17.70% |
| 2003-03-31 | $1.66 Billion | -21.53% |
| 2002-03-31 | $2.11 Billion | -5.35% |
| 2001-03-31 | $2.23 Billion | +1.42% |
| 2000-03-31 | $2.20 Billion | +4.80% |
| 1999-03-31 | $2.10 Billion | +10.72% |
| 1998-03-31 | $1.90 Billion | -5.16% |
| 1997-03-31 | $2.00 Billion | +11.42% |
| 1996-03-31 | $1.80 Billion | +2.36% |
| 1995-03-31 | $1.75 Billion | +12.21% |
| 1994-03-31 | $1.56 Billion | +34.10% |
| 1993-03-31 | $1.17 Billion | +23.22% |
| 1992-03-31 | $945.90 Million | +14.43% |
| 1991-03-31 | $826.60 Million | +0.83% |
| 1990-03-31 | $819.80 Million | -25.16% |
| 1989-03-31 | $1.10 Billion | +11.71% |
| 1988-03-31 | $980.60 Million | +18.99% |
| 1987-03-31 | $824.10 Million | +48.70% |
| 1986-03-31 | $554.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to VF Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 334.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $97.42 Million | 6.55% |
| Other Comprehensive Income | $-977.74 Million | -65.74% |
| Other Components | $3.54 Billion | 238.05% |
| Total Equity | $1.49 Billion | 100.00% |
VF Corporation Competitors by Market Cap
The table below lists competitors of VF Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huadian Power International Corp Ltd Class A
SHG:600027
|
$7.43 Billion |
|
AAON Inc
NASDAQ:AAON
|
$7.43 Billion |
|
Yapi ve Kredi Bankasi AS
IS:YKBNK
|
$7.44 Billion |
|
Yanzhou Coal Mining Company Limited
F:YZCA
|
$7.44 Billion |
|
Medibank Private Limited
F:MPV
|
$7.42 Billion |
|
Zhejiang Hailiang Co Ltd
SHE:002203
|
$7.41 Billion |
|
IDACORP Inc
NYSE:IDA
|
$7.41 Billion |
|
EVONIK INDUST.(U.ARD)2
F:EVKA
|
$7.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VF Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,658,365,000 to 1,487,359,000, a change of -171,006,000 (-10.3%).
- Net loss of 189,716,000 reduced equity.
- Dividend payments of 140,165,000 reduced retained earnings.
- Share repurchases of 2,730,000 reduced equity.
- Other comprehensive income increased equity by 86,591,000.
- Other factors increased equity by 75,014,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-189.72 Million | -12.76% |
| Dividends Paid | $140.16 Million | -9.42% |
| Share Repurchases | $2.73 Million | -0.18% |
| Other Comprehensive Income | $86.59 Million | +5.82% |
| Other Changes | $75.01 Million | +5.04% |
| Total Change | $- | -10.31% |
Book Value vs Market Value Analysis
This analysis compares VF Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 17.04x to 5.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-03-31 | $1.11 | $18.98 | x |
| 1987-03-31 | $1.52 | $18.98 | x |
| 1988-03-31 | $1.80 | $18.98 | x |
| 1989-03-31 | $2.01 | $18.98 | x |
| 1990-03-31 | $1.77 | $18.98 | x |
| 1991-03-31 | $1.81 | $18.98 | x |
| 1992-03-31 | $2.05 | $18.98 | x |
| 1993-03-31 | $2.45 | $18.98 | x |
| 1994-03-31 | $3.03 | $18.98 | x |
| 1995-03-31 | $3.33 | $18.98 | x |
| 1996-03-31 | $3.47 | $18.98 | x |
| 1997-03-31 | $3.84 | $18.98 | x |
| 1998-03-31 | $3.65 | $18.98 | x |
| 1999-03-31 | $4.23 | $18.98 | x |
| 2000-03-31 | $4.54 | $18.98 | x |
| 2001-03-31 | $4.81 | $18.98 | x |
| 2002-03-31 | $4.75 | $18.98 | x |
| 2003-03-31 | $3.51 | $18.98 | x |
| 2004-03-31 | $4.45 | $18.98 | x |
| 2005-03-31 | $5.59 | $18.98 | x |
| 2006-03-31 | $6.17 | $18.98 | x |
| 2007-03-31 | $7.23 | $18.98 | x |
| 2008-03-31 | $7.89 | $18.98 | x |
| 2009-03-31 | $7.99 | $18.98 | x |
| 2010-03-31 | $8.58 | $18.98 | x |
| 2011-03-31 | $8.75 | $18.98 | x |
| 2012-03-31 | $10.17 | $18.98 | x |
| 2013-03-31 | $11.45 | $18.98 | x |
| 2014-03-31 | $13.60 | $18.98 | x |
| 2015-03-31 | $12.79 | $18.98 | x |
| 2016-03-31 | $12.46 | $18.98 | x |
| 2017-03-31 | $11.71 | $18.98 | x |
| 2018-03-31 | $9.19 | $18.98 | x |
| 2019-03-31 | $10.73 | $18.98 | x |
| 2020-03-31 | $8.39 | $18.98 | x |
| 2021-03-31 | $7.79 | $18.98 | x |
| 2022-03-31 | $9.00 | $18.98 | x |
| 2023-03-31 | $7.50 | $18.98 | x |
| 2024-03-31 | $4.27 | $18.98 | x |
| 2025-03-31 | $3.79 | $18.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VF Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.00%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 6.30x
- Recent ROE (-12.76%) is below the historical average (14.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 25.15% | 9.41% | 1.72x | 1.55x | $83.98 Million |
| 1987 | 15.70% | 8.38% | 0.84x | 2.23x | $46.99 Million |
| 1988 | 18.33% | 6.98% | 1.34x | 1.96x | $81.64 Million |
| 1989 | 15.86% | 6.90% | 1.43x | 1.61x | $64.16 Million |
| 1990 | 21.47% | 6.95% | 1.34x | 2.31x | $94.02 Million |
| 1991 | 9.81% | 3.10% | 1.41x | 2.24x | $-1.56 Million |
| 1992 | 17.05% | 5.46% | 1.39x | 2.25x | $66.71 Million |
| 1993 | 20.33% | 6.20% | 1.41x | 2.33x | $120.45 Million |
| 1994 | 15.77% | 5.70% | 1.50x | 1.84x | $90.11 Million |
| 1995 | 15.65% | 5.52% | 1.49x | 1.90x | $99.13 Million |
| 1996 | 8.76% | 3.11% | 1.47x | 1.92x | $-22.21 Million |
| 1997 | 14.97% | 5.83% | 1.49x | 1.72x | $99.49 Million |
| 1998 | 18.50% | 6.72% | 1.57x | 1.75x | $161.21 Million |
| 1999 | 18.49% | 7.09% | 1.43x | 1.83x | $178.28 Million |
| 2000 | 16.64% | 6.60% | 1.38x | 1.83x | $146.09 Million |
| 2001 | 11.66% | 4.82% | 1.24x | 1.95x | $37.10 Million |
| 2002 | 6.52% | 2.64% | 1.27x | 1.94x | $-73.45 Million |
| 2003 | -9.32% | -3.04% | 1.45x | 2.11x | $-320.33 Million |
| 2004 | 20.39% | 7.64% | 1.23x | 2.18x | $202.80 Million |
| 2005 | 18.89% | 9.10% | 1.04x | 1.99x | $223.38 Million |
| 2006 | 18.04% | 8.96% | 1.09x | 1.84x | $225.88 Million |
| 2007 | 16.34% | 8.58% | 1.14x | 1.67x | $207.00 Million |
| 2008 | 16.54% | 8.19% | 1.12x | 1.80x | $233.94 Million |
| 2009 | 16.95% | 7.89% | 1.19x | 1.81x | $247.16 Million |
| 2010 | 12.04% | 6.39% | 1.11x | 1.69x | $78.11 Million |
| 2011 | 14.80% | 7.42% | 1.19x | 1.67x | $185.24 Million |
| 2012 | 19.62% | 9.39% | 1.02x | 2.06x | $435.49 Million |
| 2013 | 23.61% | 10.60% | 1.19x | 1.88x | $697.56 Million |
| 2014 | 19.91% | 10.60% | 1.11x | 1.70x | $602.42 Million |
| 2015 | 18.60% | 8.82% | 1.19x | 1.77x | $484.42 Million |
| 2016 | 22.87% | 11.20% | 1.14x | 1.79x | $693.11 Million |
| 2017 | 21.74% | 9.74% | 1.13x | 1.97x | $580.01 Million |
| 2018 | 17.86% | 5.73% | 1.11x | 2.80x | $289.74 Million |
| 2019 | 29.31% | 12.27% | 0.99x | 2.41x | $829.94 Million |
| 2020 | 20.24% | 6.48% | 0.94x | 3.32x | $343.72 Million |
| 2021 | 13.35% | 4.41% | 0.67x | 4.50x | $102.25 Million |
| 2022 | 39.29% | 11.71% | 0.89x | 3.78x | $1.03 Billion |
| 2023 | 4.07% | 1.07% | 0.79x | 4.81x | $-172.49 Million |
| 2024 | -58.42% | -9.77% | 0.85x | 7.00x | $-1.13 Billion |
| 2025 | -12.76% | -2.00% | 1.01x | 6.30x | $-338.45 Million |
Industry Comparison
This section compares VF Corporation's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $379,229,370
- Average return on equity (ROE) among peers: 46.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VF Corporation (VFC) | $1.78 Billion | 25.15% | 4.85x | $7.43 Billion |
| Columbia Sportswear Company (COLM) | $1.99 Billion | 17.80% | 0.59x | $3.08 Billion |
| Delta Apparel, Inc. (DLAPQ) | $142.69 Million | -7.41% | 1.95x | $705.00 |
| Figs Inc (FIGS) | $245.57 Million | -3.89% | 0.27x | $1.84 Billion |
| G-III Apparel Group Ltd (GIII) | $1.12 Billion | 5.54% | 0.71x | $1.24 Billion |
| Hanesbrands Inc (HBI) | $69.27 Million | 465.55% | 48.60x | $2.29 Billion |
| J-Long Group Limited (JL) | $-8.06 Million | 0.00% | 0.00x | $11.04 Million |
| Jerash Holdings US Inc (JRSH) | $64.43 Million | -3.11% | 0.25x | $42.54 Million |
| JX Luxventure Limited (JXG) | $83.40 Million | -14.27% | 0.09x | $7.04 Million |
| Kontoor Brands Inc (KTB) | $0.00 | 0.00% | 0.00x | $3.74 Billion |
| Lakeland Industries Inc (LAKE) | $85.05 Million | 3.86% | 0.17x | $98.16 Million |
About VF Corporation
V.F. Corporation, together with its subsidiaries, offers branded apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work. The company provides outdoor apparel, footwear, equipment, accessories; style-forward and weather-ready footwear, apparel, and accessories; performance merino w… Read more