VFHAM:VFP +1.57%71 Gross Margin % is 56.41% as of Mar. 2026, which is 4% above its 10-year median of 54.15. GuruFocus rates HAM:VFP with a GF Score™ of 71/100 and a GF Value™ of €13.83. The stock has 4 warning signs investors should review. Among 1,027 Manufacturing - Apparel & Accessories companies, VF ranks better than 82.47% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. VF's Gross Profit for the
three
months ended in Mar. 2026 was €1,057 Mil. VF's Revenue for the
three
months ended in Mar. 2026 was €1,874 Mil. Therefore, VF's Gross Margin % for the quarter that ended in Mar. 2026 was 56.41%.
The historical rank and industry rank for VF's Gross Margin % or its related term are showing as below:
HAM:VFP'
s Gross Margin % Range Over the Past 10 Years
Min: 51.56 Med: 54.15 Max: 55.28
Current: 54.78
During the past 13 years, the highestGross Margin % of VF was 55.28%. The lowest was 51.56%. And the median was 54.15%.
HAM:VFP's Gross Margin % is ranked better than 82.47% of 1027
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.34
vs HAM:VFP: 54.78
VF had a gross margin of 56.41% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for VF was 0.40% per year.
VF (HAM:VFP) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
VF had a gross margin of 56.41% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
VF Gross Margin % Related Terms
VF Gross Margin % Historical Data
* Premium members only.
The historical data trend for VF's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAM:VFP vs LEVI, PVH, KTB: Gross Margin % Comparison
For the Apparel Manufacturing subindustry, VF's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
VF Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, VF's Gross Margin % distribution charts can be found below:
* The bar in red indicates where VF's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
VF (HAM:VFP) has a Gross Margin % of 56.41% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on VF and its competitors. This is near median its historical median of 54.15. Over the past decade, VF's Gross Margin % has ranged from 51.56 to 55.28. According to the industry distribution chart, VF ranks #180 out of 1027 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 17.5%.
Is VF's Gross Margin % too high?
VF's current Gross Margin % of 56.41% is near median its 10-year median of 54.15. Over the past 10 years, this metric has ranged from a low of 51.56 to a high of 55.28. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.34. VF's value of 56.41% is 99% above this industry median. Based on the distribution chart, VF ranks #180 out of 1027 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, VF has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does VF's Gross Margin % compare to LEVI and PVH?
According to the Manufacturing - Apparel & Accessories industry distribution chart, VF ranks #180 out of 1027 companies for Gross Margin %. This places VF in the top 18% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 28.34. VF's value of 56.41% is 99% above this benchmark. Historically, VF's own Gross Margin % has ranged from 51.56 to 55.28 over the past decade. While the company's 10-year median is 54.15 vs. the industry median of 28.34, VF has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.34, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VF's current Gross Margin % of 56.41% is 99% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on VF and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VF's current Gross Margin % is 56.41%, which is near median its own 10-year median of 54.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VF stock overvalued right now?
VF (HAM:VFP) has a current Gross Margin % of 56.41%. The stock's GF Value™ is €13.83, compared to a current price of €15.24 — trading 10.2% above its estimated fair value. The current Gross Margin % is 56.41%, which is near median its 10-year median of 54.15 and 99% above the Manufacturing - Apparel & Accessories industry median of 28.34. VF's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For VF (HAM:VFP), the current Gross Margin % is 56.41% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is VF (HAM:VFP) Overvalued in 2026?
Based on GuruFocus' analysis, VF stock appears to be overvalued.
The current stock price of €15.24 is trading 10.2% above its estimated GF Value™ of €13.83.
Key valuation signals for HAM:VFP:
Gross Margin %: 56.41% (near median its 10-year median of 54.15)
GF Value™: €13.83 vs. price of €15.24 (10.2% above fair value)
Industry Position: 99% above the Manufacturing - Apparel & Accessories median (#180 of 1027)
No single metric tells the full story. See the HAM:VFP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of 10 brands includes Vans, The North Face, Timberland, and Altra. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. Tracing its roots to 1899, the company has evolved through many brand acquisitions and divestitures.
71GF Score
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