UA vs VFC
Under Armour, Inc. and V F Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | UA | VFC |
|---|---|---|
| Revenue | $5.0B | $9.6B |
| Net income | $-495.6M | $254.9M |
| Gross margin | 45.5% | 54.8% |
| Net margin | −10.0% | 2.7% |
| Return on equity | −30.0% | 15.3% |
| Diluted EPS | −$1.16 | $0.64 |
| Dividend / share | · | $0.36 |
| Payout ratio | · | 55.2% |
| Free cash flow | $-162.2M | · |
| Equity | $1.4B | $1.8B |
| Net debt / equity | 0.62× | 1.46× |
| Current ratio | 1.62× | 1.84× |
| Revenue CAGR 5y | 2.1% | 0.8% |
| Profit CAGR 5y | · | −9.0% |
VFC bills 1.9× the revenue of UA, and UA closed the last reported year at a loss.
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 | UA | VFC |
|---|---|---|
| FY2025 | $5.0B | $9.6B |
| FY2024 | $5.2B | $9.5B |
| FY2023 | $5.7B | $9.9B |
| FY2022 | $5.9B | $11.1B |
| FY2021 | $5.7B | $11.8B |
| FY2020 | $4.5B | $9.2B |
| FY2019 | $5.3B | $10.5B |
| FY2018 | $5.2B | $10.3B |
| FY2017 | $5.0B | $8.4B |
| FY2016 | $4.8B | $11.0B |
Bottom line
| Fiscal year | UA | VFC |
|---|---|---|
| FY2025 | $-495.6M | $254.9M |
| FY2024 | $-201.3M | $-189.7M |
| FY2023 | $232.0M | $-968.9M |
| FY2022 | $374.5M | $118.6M |
| FY2021 | $351.0M | $1.4B |
| FY2020 | $-549.2M | $407.9M |
| FY2019 | $92.1M | $679.4M |
| FY2018 | $-46.3M | $1.3B |
| FY2017 | $-48.3M | $614.9M |
| FY2016 | $257.0M | $1.1B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$4,638,837,000 | VFC |
| FY2024 | −$4,340,381,000 | VFC |
| FY2023 | −$4,213,799,000 | VFC |
| FY2022 | −$5,186,194,000 | VFC |
| FY2021 | −$6,159,248,000 | VFC |
| FY2020 | −$4,764,163,000 | VFC |
| FY2019 | −$5,221,424,000 | VFC |
| FY2018 | −$5,073,702,000 | VFC |
| FY2017 | −$3,405,440,000 | VFC |
| FY2016 | −$6,192,809,000 | VFC |
| FY2015 | −$7,033,080,000 | VFC |
| FY2014 | −$8,797,360,000 | VFC |
| FY2013 | −$9,087,597,000 | VFC |
| FY2012 | −$9,044,934,000 | VFC |
| FY2011 | −$7,986,548,000 | VFC |
| FY2010 | −$6,638,662,000 | VFC |
| FY2009 | −$6,363,875,000 | VFC |
| FY2008 | −$6,917,356,000 | VFC |
VFC has reported the higher revenue in every one of these 18 fiscal years. The gap has narrowed since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −12.6 pp | VFC |
| FY2024 | −1.9 pp | VFC |
| FY2023 | +13.8 pp | UA |
| FY2022 | +5.3 pp | UA |
| FY2021 | −5.5 pp | VFC |
| FY2020 | −16.7 pp | VFC |
| FY2019 | −4.7 pp | VFC |
| FY2018 | −13.2 pp | VFC |
| FY2017 | −8.3 pp | VFC |
| FY2016 | −4.4 pp | VFC |
| FY2015 | −5.3 pp | VFC |
| FY2014 | −2.1 pp | VFC |
| FY2013 | −3.6 pp | VFC |
| FY2012 | −3.0 pp | VFC |
| FY2011 | −2.8 pp | VFC |
| FY2010 | −1.0 pp | VFC |
| FY2009 | −0.9 pp | VFC |
| FY2008 | −2.6 pp | VFC |
The higher net margin has changed hands between UA and VFC over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UA's net margin has been more volatile than VFC's over the 18 comparable fiscal years — 5.8 percentage points of standard deviation against 5.4.
18 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 UA and VFC over these 18 fiscal years — UA led in 2 and VFC in 16.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VFC's return on equity has been more volatile than UA's over the 18 comparable fiscal years — 17.3 percentage points of standard deviation against 15.0.
18 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 UA and VFC over these 18 fiscal years — UA led in 5 and VFC in 13.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.