LEVI vs VFC
Levi Strauss & Co. and V F Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LEVI | VFC |
|---|---|---|
| Revenue | $6.3B | $9.6B |
| Net income | $578.1M | $254.9M |
| Gross margin | 61.7% | 54.8% |
| Net margin | 9.2% | 2.7% |
| Return on equity | 27.2% | 15.3% |
| Diluted EPS | $1.45 | $0.64 |
| Dividend / share | $0.54 | $0.36 |
| Payout ratio | 36.8% | 55.2% |
| Free cash flow | $308.2M | · |
| Equity | $2.3B | $1.8B |
| Net debt / equity | 0.12× | 1.46× |
| Current ratio | 1.55× | 1.84× |
| Revenue CAGR 5y | 7.1% | 0.8% |
| Profit CAGR 5y | · | −9.0% |
VFC bills 1.5× the revenue of LEVI, and LEVI keeps more of each dollar of revenue as profit (9.2% against 2.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | LEVI | VFC |
|---|---|---|
| FY2025 | $6.3B | $9.6B |
| FY2024 | $6.0B | $9.5B |
| FY2023 | $5.8B | $9.9B |
| FY2022 | $6.2B | $11.1B |
| FY2021 | $5.8B | $11.8B |
| FY2020 | $4.5B | $9.2B |
| FY2019 | $5.8B | $10.5B |
| FY2018 | $5.6B | $10.3B |
| FY2017 | $4.9B | $8.4B |
| FY2016 | $4.6B | $11.0B |
Bottom line
| Fiscal year | LEVI | VFC |
|---|---|---|
| FY2025 | $578.1M | $254.9M |
| FY2024 | $210.6M | $-189.7M |
| FY2023 | $249.6M | $-968.9M |
| FY2022 | $569.1M | $118.6M |
| FY2021 | $553.5M | $1.4B |
| FY2020 | $-127.1M | $407.9M |
| FY2019 | $394.6M | $679.4M |
| FY2018 | $283.1M | $1.3B |
| FY2017 | $281.4M | $614.9M |
| FY2016 | $291.1M | $1.1B |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$3,323,207,000 | VFC |
| FY2024 | −$3,472,691,000 | VFC |
| FY2023 | −$4,073,578,000 | VFC |
| FY2022 | −$4,920,759,000 | VFC |
| FY2021 | −$6,077,940,000 | VFC |
| FY2020 | −$4,786,230,000 | VFC |
| FY2019 | −$4,725,469,000 | VFC |
| FY2018 | −$4,691,447,000 | VFC |
| FY2017 | −$3,490,654,000 | VFC |
| FY2016 | −$6,473,408,000 | VFC |
| FY2015 | −$6,501,900,000 | VFC |
| FY2014 | −$7,127,738,000 | VFC |
| FY2013 | −$6,737,957,000 | VFC |
| FY2012 | −$6,269,662,000 | VFC |
| FY2011 | −$4,697,666,000 | VFC |
| FY2010 | −$3,291,940,000 | VFC |
| FY2009 | −$3,114,520,000 | VFC |
VFC has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +6.5 pp | LEVI |
| FY2024 | +5.5 pp | LEVI |
| FY2023 | +14.0 pp | LEVI |
| FY2022 | +8.2 pp | LEVI |
| FY2021 | −2.1 pp | VFC |
| FY2020 | −7.3 pp | VFC |
| FY2019 | +0.4 pp | LEVI |
| FY2018 | −7.2 pp | VFC |
| FY2017 | −1.5 pp | VFC |
| FY2016 | −3.3 pp | VFC |
| FY2015 | −6.5 pp | VFC |
| FY2014 | −6.6 pp | VFC |
| FY2013 | −5.7 pp | VFC |
| FY2012 | −6.9 pp | VFC |
| FY2011 | −6.6 pp | VFC |
| FY2010 | −4.1 pp | VFC |
| FY2009 | −2.7 pp | VFC |
The higher net margin has changed hands between LEVI and VFC over this period.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VFC's net margin has been more volatile than LEVI's over the 17 comparable fiscal years — 5.5 percentage points of standard deviation against 2.9.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between LEVI and VFC over these 17 fiscal years — LEVI led in 5 and VFC in 12.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LEVI's return on equity has been more volatile than VFC's over the 12 comparable fiscal years — 25.7 percentage points of standard deviation against 20.7.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between LEVI and VFC over these 12 fiscal years — LEVI led in 10 and VFC in 2.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.