VFC V.F. Corporation Common Stock
About V.F. Corporation Common Stock Company overview from Wikipedia
VF Corporation is an American apparel (clothing) and footwear company founded in 1899 by John Barbey and headquartered in Denver, Colorado. Its eleven brands are organized into three categories: Outdoor, Active and Work.
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VF Corporation (formerly Vanity Fair Mills until 1969) is an American apparel (clothing) and footwear company founded in 1899 by John Barbey and headquartered in Denver, Colorado. Its eleven brands are organized into three categories: Outdoor, Active and Work.
In 2015, the firm controlled 55% of the U.S. backpack market with the JanSport, Eastpak, Timberland, and the North Face brands.
History
In October 1899 John Barbey and a group of investors established the company as Reading Glove and Mitten Manufacturing Company (or simply The Reading Glove) in Reading, Pennsylvania. Incorporated on December 4 later that year, they began with $11,000 in a 320-square-foot (30 m2) factory that was leased for $60/month.
Expanding into silk lingerie in 1913, The Reading Glove was renamed Schuylkill Silk Manufacturing, branding its lingerie line as Vanity Fair. Soon thereafter, the company was renamed Vanity Fair Mills, eventually going public in 1951.
In 1969 the H.D. Lee Company (Lee) was acquired by Vanity Fair Mills as it became VF Corporation. By 1982 VF posted profits of $15.5 million on sales of $184 million. Acquiring Blue Bell Inc. for US$762 million in 1986, VF added Wrangler, JanSport, Rustler, Jantzen, and Red Kap to its portfolio, effectively doubling its size and making it the largest publicly-held clothing company. VF became one of the two largest jeans makers in the world, taking 25% of the market.
In 1998 VF moved its headquarters from Wyomissing, Pennsylvania, to Greensboro, North Carolina, to be closer to more of its operations. Also in the 1990s, VF would acquire the Bulwark Apparel brand.
In the early 2000s VF's acquisitions included The North Face and Eastpak in 2000; and Kipling, Napapijri, and Vans in 2004. The company sold its 'Vanity Fair Intimates' lingerie business to Fruit of the Loom for US$350 million in cash on January 23, 2007. Later that month, VF acquired Eagle Creek. Also in 2007, VF acquired Majestic Athletic on February 28, followed by a $885-million purchase of 7 for all Mankind and Lucy Activewear on July 26.
Eric C. Wiseman became president, CEO, and chairman in 2008, the same year that VF would acquire Mo Industries Holdings, parent company of sportswear brands Splendid and Ella Moss.
In 2011 VF Corporation announced its intention to purchase Timberland for $2.2 billion, a deal that closed in September that year. On December 21, 2012, VF Imagewear was awarded a multimillion-dollar contract to provide uniforms and insignia for U.S. Customs and Border Protection officers. In February 2013, Imagewear was awarded a $50 million contract to manufacture uniforms for Transportation Security Administration officers.
Effective January 1, 2017, Steve Rendle became CEO and President. In 2017, VF acquired Williamson-Dickie brands, including Dickies, Workrite, Kodiak, Terra, and Walls. The next year, VF would acquire Icebreaker, complementing its Smartwool brand, as both feature merino wool in its clothing and accessories. In 2020, VF acquired streetwear brand Supreme for US$2.1 billion.
In 2021, VF announced a definitive agreement to sell a portion of its occupational work segment to a subsidiary of Redwood Capital Investments, LLC. On June 28, the sale was finalized, and the 11 divested brands became part of a new standalone company, Workwear Outfitters.
In September 2021, it was announced that the former president of emerging brands of VF Corporation, Travis Campbell, would acquire the Eagle Creek brand. In June 2023, former Logitech CEO Bracken Darrell became CEO.
In July 2024, VF announced the sale of the streetwear brand Supreme to EssilorLuxottica for US$1.5 billion. On September 15, 2025, VF agreed to sell the Dickies brand to Bluestar Alliance for US$600 million. The deal closed on November 12, 2025.
Spinoff
In August 2018, it was announced that VF would split into two separate companies. The jeans and outlet stores would be spun off as Kontoor Brands. VF kept the sports apparel and footwear businesses, and moved its corporate headquarters (and around 800 employees) to Denver, Colorado. An 11-story office building at 1551 Wewatta Street near Denver Union Station became VF's new corporate headquarters. All brands which until 2018 had maintained separate divisional headquarters (e.g., Jansport) were consolidated into VF's new Denver headquarters.
Kontoor Brands Inc. became a separate company with the stock symbol KTB in May 2019. Kontoor includes Lee, Wrangler, Rock & Republic and VF Outlets. That company had 17,000 employees.
Brands
Date of acquisition or merger in parentheses.
Altra Running (2018)
Icebreaker (2018)
The North Face (2000)
Smartwool (2011)
Timberland (2011)
Napapijri (2004)
Vans (2004)
Eastpak (2000)
JanSport (1986)
Kipling (2004)
Divested brands
Vanity Fair lingerie (sold in 2007 to Fruit of the Loom)
7 for All Mankind (sold in 2016 to Delta Galil Industries)
Splendid (sold in 2016 to Delta Galil Industries)
Eagle Creek (sold in 2021 to former president of emerging brands of VF Corp. Travis Campbell).
Ella Moss (sold in 2016 to Delta Galil Industries)
Majestic Athletic (sold in 2017 to Fanatics)
Nautica (sold in 2018 to Authentic Brands Group)
Bulwark Protective Apparel (sold in 2021 to Redwood Capital Investments, LLC; became part of Workwear Outfitters)
Chef Designs (sold in 2021 to Redwood Capital Investments, LLC; became part of Workwear Outfitters)
Horace Small (a clothing company—founded in 1937 and based in Nashville, Tennessee—that produced uniforms for law enforcement, fire, EMS, security and land management services. In 1999, the company was acquired by VF Corporation, and was renamed as The Force in 2005, but reverted to the original brand name in 2010.) In 2021, the Horace Small brand was sold to Redwood Capital Investments, LLC; and later became part of Workwear Outfitters.
Kodiak (sold in 2021 to Redwood Capital Investments, LLC; became part of Workwear Outfitters)
Liberty (sold in 2021 to Redwood Capital Investments, LLC; became part of Workwear Outfitters)
Red Kap (sold in 2021 to Redwood Capital Investments, LLC; became part of Workwear Outfitters)
Terra (sold in 2021 to Redwood Capital Investments, LLC; became part of Workwear Outfitters)
VF Solutions (sold in 2021 to Redwood Capital Investments, LLC; became part of Workwear Outfitters and renamed Image Authority)
Walls (sold in 2021 to Redwood Capital Investments, LLC; became part of Workwear Outfitters)
Work Authority (sold in 2021 to Redwood Capital Investments, LLC; became part of Workwear Outfitters)
Workrite Fire Service (sold in 2021 to Redwood Capital Investments, LLC; became part of Workwear Outfitters)
Supreme (sold in 2024 to EssilorLuxottica)
Dickies (sold in 2025 to Bluestar Alliance LLC)
VF Outlet, Inc.
In 1970 it was the suggestion of M.O. Lee, then President of VF Corporation, that established the VF Outlet business. Surplus products from VF sources including Berkshire International and Vanity Fair were sold to the public from a 5,000 square foot factory store, with only a drop cloth separating it from the company's manufacturing facility. In doing so, VF Corporation created a brand-new retail industry, the outlet mall. The first VF Outlet factory store opened in Reading, Pennsylvania. The outlet mall, located in Vanity Fair's old manufacturing mills, was dubbed the official "Outlet Capital of the World." The corporate name was changed from VF Outlet Village to VF Outlet Center in 2008. Today, the VF Outlet Center is owned and operated by VF Outlet, Inc. with over 1,000,000 square feet of retail space and more than 20 stores. The VF Outlet location in Reading, Pennsylvania, closed on December 24, 2020.
VF Outlet stores offered everyday apparel including brand name jeans, intimate apparel, activewear, and swimwear. The company as of June 2015 operated 79 stores in 31 states nationwide. As of 2025, the http://vfoutlet.com/ website redirects to the Kontoor Brands' Wrangler website with some of the former locations now operating under the Lee and Wrangler brands. The website as of 2025 no longer lists any VF Outlets. It appears that the outlets closed during the pandemic and only reopened briefly at the end of 2020 to liquidate their inventory.
In October 2013 VF Outlet launched their e-commerce store.
The VF Outlet business moved to Kontoor Brands Inc, established as a separate company in May 2019.
Ethical sourcing
In 2025, VF Corporation signed a brand letter of intent calling on the Australian wool industry to end the practice of mulesing.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
VFC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
VFC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 10, 2026 | $0.0900 |
| March 10, 2026 | $0.0900 |
| Dec. 10, 2025 | $0.0900 |
| Sept. 10, 2025 | $0.0900 |
| June 10, 2025 | $0.0900 |
| March 10, 2025 | $0.0900 |
| Dec. 10, 2024 | $0.0900 |
| Sept. 10, 2024 | $0.0900 |
| June 10, 2024 | $0.0900 |
| March 8, 2024 | $0.0900 |
| Dec. 8, 2023 | $0.0900 |
| Sept. 8, 2023 | $0.3000 |
| June 9, 2023 | $0.3000 |
| March 9, 2023 | $0.3000 |
| Dec. 9, 2022 | $0.5100 |
| Sept. 9, 2022 | $0.5000 |
| June 9, 2022 | $0.5000 |
| March 9, 2022 | $0.5000 |
| Dec. 9, 2021 | $0.5000 |
| Sept. 9, 2021 | $0.4900 |
VFC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 6 21.4%
- Buy 6 21.4%
- Hold 13 46.4%
- Sell 3 10.7%
- Strong Sell 0 0.0%
12-Month Price Target
21 analysts · 2026-08-18Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Dec. 31, 2026 | $-0.02 | $-0.01 | — |
| June 30, 2026 | $-0.27 | $-0.23 | -0.04% |
| March 31, 2026 | $-0.02 | $-0.01 | -0.01% |
| Dec. 31, 2025 | $0.56 | $0.46 | 0.10% |
| Sept. 30, 2025 | $0.52 | $0.43 | 0.09% |
| June 30, 2025 | $-0.24 | $-0.34 | 0.10% |
| March 31, 2025 | $-0.13 | $-0.14 | 0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| VFC | $6.42B | 25.6 | 1.1% | 2.6% | 15.3% | — |
| TPR | $29.26B | 20.1 | 14.2% | 19.1% | 245.8% | 77.8% |
| RL | $44.39B | 21.7 | 14.6% | 11.6% | 34.7% | 69.9% |
| LEVI | $8.60B | 15.2 | 4.1% | 9.2% | 26.5% | 61.7% |
| KTB | $3.40B | 15.2 | 20.9% | 7.2% | 42.8% | — |
| PVH | — | 119.9 | 3.4% | 0.28% | 0.52% | 57.5% |
| COLM | — | 17.0 | 0.85% | 5.2% | 10.5% | 50.5% |
| FIGS | — | 59.8 | 13.6% | 5.4% | 8.2% | 66.5% |
| UAA | — | -5.1 | -3.8% | -10.0% | -30.3% | 45.5% |
| GIII | — | 19.0 | -7.0% | 2.3% | 3.9% | 39.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.61B | $9.50B | $9.92B | $11.09B | $11.84B | $9.24B | $10.49B | $10.27B | · | $8.39B | $11.03B | $11.00B | |
| Cost of Revenue | $4.34B | $4.42B | $4.80B | $5.29B | $5.39B | $4.37B | $4.69B | $4.66B | · | $3.85B | $5.59B | $5.60B | |
| SG&A Expense | $4.65B | $4.69B | $4.75B | $4.80B | $4.82B | $4.24B | $4.55B | $4.42B | · | $3.66B | $3.90B | $3.75B | |
| Operating Expenses | $9.03B | $9.20B | $10.06B | $10.09B | $10.21B | $8.63B | $9.56B | $9.08B | · | $7.51B | $9.57B | $9.35B | |
| Operating Income | $577M | $304M | $-144M | $999M | $1.63B | $608M | $928M | $1.19B | · | $883M | $1.46B | $1.64B | |
| Interest Expense | · | · | $245M | $174M | $136M | $136M | $92M | $108M | · | $102M | · | · | |
| Interest Income | $18M | $25M | $20M | $9M | $5M | $9M | $20M | $15M | · | $13M | $9M | $7M | |
| Other Non-op | $-87M | $-9M | $25M | $-117M | $26M | $-25M | $-69M | $-59M | · | $-7M | $-85M | $1M | |
| Pretax Income | $341M | $145M | $-285M | $738M | $1.52B | $456M | $727M | $1.04B | · | $788M | $1.28B | $1.56B | |
| Income Tax | $86M | $76M | $734M | $-18M | $307M | $102M | $98M | $168M | · | $520M | $206M | $347M | |
| Net Income | $255M | $-190M | $-969M | $119M | $1.39B | $408M | $679M | $1.26B | · | $615M | $1.07B | $1.23B | |
| EPS (Basic) | $0.65 | $-0.49 | $-2.49 | $0.31 | $3.55 | $1.05 | $1.72 | $3.19 | · | $1.54 | $2.58 | $2.90 | |
| EPS (Diluted) | $0.64 | $-0.48 | $-2.49 | $0.31 | $3.53 | $1.04 | $1.70 | $3.15 | · | $1.52 | $2.54 | $2.85 | |
| Shares (Basic) | 390,739,000 | 389,152,000 | 388,360,000 | 387,763,000 | 390,291,000 | 389,655,000 | 395,411,000 | 395,189,000 | · | 399,223,000 | 416,103,000 | 425,408,000 | |
| Shares (Diluted) | 395,875,000 | 392,571,000 | 388,360,000 | 388,370,000 | 392,411,000 | 392,121,000 | 399,936,000 | 400,496,000 | · | 403,559,000 | 422,081,000 | 425,408,000 | |
| EBITDA | $577M | $304M | $-34M | $328M | $1.63B | $608M | $928M | $1.68B | · | $1.50B | $1.50B | $1.93B |
Balance Sheet 30
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $824M | $429M | $656M | $799M | $1.28B | $816M | $1.37B | $402M | $523M | $434M | $1.22B | $946M | |
| Short-term Investments | · | · | · | · | $0 | $599M | $0 | · | · | · | · | · | |
| Receivables | $1.43B | $1.32B | $1.26B | $1.61B | $1.47B | $1.30B | $1.31B | $1.37B | $1.41B | $1.43B | $1.15B | $1.29B | |
| Inventory | $1.37B | $1.63B | $1.70B | $2.29B | $1.42B | $1.06B | $1.29B | $1.17B | $1.86B | $1.71B | $1.42B | $1.56B | |
| Prepaid Expense | $105M | $104M | $109M | $108M | · | · | · | · | · | · | · | · | |
| Other Current Assets | $386M | $408M | $493M | $435M | $426M | $424M | $445M | $426M | $359M | $297M | $294M | $284M | |
| Current Assets | $4.01B | $3.79B | $4.23B | $5.15B | $4.59B | $4.79B | $5.03B | $4.67B | $4.68B | $4.38B | $4.29B | $4.16B | |
| PP&E (Net) | · | · | · | · | · | $976M | $954M | $876M | $1.01B | $1.01B | $896M | $945M | |
| PP&E (Gross) | · | · | · | · | · | · | $1.92B | $1.83B | $2.47B | $2.49B | $2.23B | $2.31B | |
| Accum. Depreciation | · | · | · | · | · | · | $970M | $958M | $1.46B | $1.47B | $1.34B | $1.37B | |
| Goodwill | $588M | $603M | $645M | $1.16B | $2.39B | $2.43B | $1.16B | $1.49B | $1.42B | $1.69B | $1.55B | $1.61B | |
| Intangibles | $1.47B | $1.71B | $1.78B | $2.64B | $3.00B | $3.03B | $1.85B | $1.91B | $2.12B | $2.09B | $1.53B | $1.95B | |
| Other Non-current Assets | $1.23B | $1.29B | $1.21B | $1.90B | $1.07B | $1.06B | $868M | $768M | $803M | $784M | $922M | $584M | |
| Total Assets | $9.29B | $9.38B | $11.61B | $13.99B | $13.34B | $13.75B | $11.13B | $10.36B | $10.31B | $9.96B | $9.74B | $9.64B | |
| Accounts Payable | $826M | $790M | $788M | $936M | $563M | $463M | $407M | $490M | $583M | $761M | $620M | $681M | |
| Accrued Liabilities | $1.01B | $1.05B | $1.32B | $1.67B | $1.92B | $1.61B | $1.26B | $1.13B | $938M | $1.15B | $812M | $782M | |
| Short-term Debt | $10M | $12M | $264M | $11M | $335M | $11M | $1.23B | $659M | $1.53B | $729M | $26M | $450M | |
| Current Liabilities | $2.18B | $2.70B | $3.46B | $3.55B | $3.32B | $2.21B | $3.02B | $2.66B | $3.14B | $2.74B | $1.79B | $1.94B | |
| Capital Leases | $1.12B | $1.08B | $1.09B | $1.17B | $1.02B | $1.24B | $1.02B | $0 | · | $36M | $14M | $18M | |
| Deferred Tax | $21M | $15M | $10M | $108M | $150M | $343M | $161M | $69M | $41M | $58M | $147M | $241M | |
| Other Non-current Liabilities | $619M | $687M | $636M | $651M | $888M | $1.54B | $1.12B | $1.23B | $1.27B | $1.31B | $886M | $900M | |
| Total Liabilities | $7.44B | $7.89B | $9.95B | $11.08B | $9.81B | $10.70B | $7.78B | $6.06B | $6.62B | $6.24B | $4.80B | $4.25B | |
| Long-term Debt | $3.52B | $3.95B | $5.69B | $6.62B | $5.07B | $5.69B | $2.59B | $2.09B | · | $2.15B | $2.28B | $1.39B | |
| Total Debt | $3.53B | $3.96B | $5.95B | $6.63B | $5.40B | $5.70B | $3.81B | $2.75B | · | $2.88B | $2.30B | $1.84B | |
| Common Stock | $98M | $97M | $97M | $97M | $97M | $98M | $97M | $99M | $99M | $99M | $104M | $107M | |
| Retained Earnings | $-929M | $-1.17B | $-975M | $57M | $443M | $190M | $7M | $1.18B | $846M | $1.02B | $2.55B | $3.13B | |
| AOCI | $-807M | $-978M | $-1.06B | $-1.02B | $-927M | $-1.01B | $-931M | $-902M | $-864M | $-926M | $-1.04B | $-1.04B | |
| Stockholders' Equity | $1.85B | $1.49B | $1.66B | $2.91B | $3.53B | $3.06B | $3.36B | $4.30B | $3.69B | $3.72B | $4.94B | $5.38B | |
| Liabilities + Equity | $9.29B | $9.38B | $11.61B | $13.99B | $13.34B | $13.75B | $11.13B | $10.36B | $10.31B | $9.96B | $9.74B | $9.64B | |
| Shares Outstanding | 391,515,399 | 389,695,199 | 388,836,219 | 388,665,531 | 388,298,375 | 391,941,477 | 388,812,158 | 396,824,662 | 394,313,070 | 395,821,781 | 414,012,954 | 426,614,274 |
Cash Flow 16
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $281M | $260M | $308M | $252M | $267M | $269M | $268M | $256M | · | $238M | $282M | $272M | |
| Stock-based Comp | $77M | $73M | $58M | $40M | $91M | $71M | $68M | $84M | · | $64M | $68M | $73M | |
| Deferred Tax | $-42M | $-89M | $-384M | $12M | $-157M | $-40M | $-74M | $-48M | · | $-81M | $-72M | · | |
| Amort. of Intangibles | $11M | $13M | $14M | $14M | $16M | $18M | $19M | $20M | · | $14M | $19M | $16M | |
| Restructuring | $43M | $69M | $70M | $63M | $13M | $74M | $26M | $57M | · | $27M | $52M | · | |
| Other Non-cash | · | · | · | · | · | · | · | · | · | · | · | $-431M | |
| Operating Cash Flow | $671M | $465M | $1.01B | $-656M | $864M | $1.31B | $875M | $1.66B | · | $1.47B | $1.48B | $1.20B | |
| Investing Cash Flow | $407M | $1.43B | $-172M | $-188M | $904M | $-2.90B | $-302M | $-221M | · | $-776M | $-112M | $-323M | |
| Debt Issued | · | $0 | $0 | $2.06B | $0 | $3.00B | $1.08B | $0 | · | $0 | $952M | $0 | |
| Net Debt Issued | $-583M | $-1.75B | $-908M | $1.56B | $-504M | $2.99B | $428M | $-6M | · | $-254M | $939M | $-4M | |
| Stock Repurchased | · | · | $0 | $0 | $350M | $0 | $1.00B | $151M | · | $1.20B | $1.00B | $733M | |
| Net Stock Activity | · | · | $0 | $0 | $-350M | $0 | $-1.00B | $-151M | · | $-1.20B | $-1.00B | $-733M | |
| Dividends Paid | $141M | $140M | $303M | $703M | $773M | $757M | $749M | $767M | · | $685M | $636M | $565M | |
| Financing Cash Flow | $-738M | $-2.15B | $-960M | $464M | $-1.27B | $1.05B | $310M | $-1.59B | · | $-1.36B | $-1.08B | $-840M | |
| Net Change in Cash | $401M | $-245M | $-139M | $-461M | $426M | $-560M | $855M | $-133M | · | $-662M | $285M | $-26M | |
| Taxes Paid | $172M | $163M | $350M | $1.11B | $264M | $188M | $287M | · | · | · | · | · |
Profitability 7
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 6.0% | 3.2% | -0.33% | 2.8% | 13.8% | 6.6% | 8.8% | 12.1% | · | 12.7% | 12.5% | 13.4% | |
| Net Margin | 2.6% | -2.0% | -9.3% | 1.0% | 11.7% | 4.4% | 6.5% | 9.1% | · | 5.2% | 8.9% | 10.0% | |
| Pretax Margin | 3.5% | 1.5% | -2.2% | 0.37% | 12.9% | 4.9% | 6.9% | 11.0% | · | 12.0% | 11.8% | 12.8% | |
| EBITDA Margin | 6.0% | 3.2% | -0.33% | 2.8% | 13.8% | 6.6% | 8.8% | 12.1% | · | 12.7% | 12.5% | 15.6% | |
| ROA | 2.7% | -1.9% | -8.0% | 0.84% | 10.3% | 3.0% | 6.2% | 12.2% | · | 5.9% | 10.6% | 12.2% | |
| ROE | 15.3% | -12.0% | -51.4% | 3.8% | 38.6% | 13.2% | 17.2% | 29.3% | · | 16.1% | 21.9% | 22.9% | |
| ROIC | 8.0% | 2.7% | -1.9% | 9.4% | 14.6% | 5.4% | 11.2% | 19.6% | · | 11.6% | 17.2% | 17.9% |
Liquidity & Solvency 5
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.4 | 1.2 | 1.5 | 1.4 | 2.2 | 1.7 | 1.8 | · | 1.6 | 2.4 | 2.1 | |
| Quick Ratio | 1.0 | 0.6 | 0.6 | 0.7 | 0.8 | 1.2 | 0.9 | 0.8 | · | 0.7 | 1.4 | 1.2 | |
| Debt / Equity | 1.9 | 2.7 | 3.6 | 2.3 | 1.5 | 1.9 | 1.1 | 0.6 | · | 0.8 | 0.5 | 0.3 | |
| LT Debt / Equity | 1.9 | 2.3 | 2.8 | 2.0 | 1.3 | 1.9 | 0.8 | 0.5 | · | 0.6 | 0.4 | 0.3 | |
| Interest Coverage | · | · | -0.1 | 1.9 | 12.0 | 4.5 | 10.1 | · | · | · | · | · |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.0 | 1.0 | 0.9 | 0.8 | 0.9 | 0.7 | 1.0 | 1.3 | · | 1.1 | 1.2 | 1.2 | |
| Inventory Turnover | 2.9 | 2.6 | 2.6 | 2.3 | 4.0 | 4.1 | 3.7 | 4.1 | · | 3.3 | 3.6 | 3.6 | |
| Receivables Turnover | 7.0 | 7.1 | 8.1 | 7.3 | 8.0 | 6.8 | 7.4 | 8.5 | · | 7.3 | 8.2 | 7.8 |
Growth Rates 10
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 1.1% | -4.1% | -10.6% | -6.3% | 28.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -4.7% | -7.1% | 2.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 0.78% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | -91.2% | 239.4% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 27.3% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -9.2% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | -91.5% | 240.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 29.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -9.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -28.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $9.61B | $9.50B | $9.92B | $11.09B | $11.84B | $9.24B | $10.49B | $10.27B | · | $8.39B | $11.03B | $11.00B | |
| Net Income TTM | $255M | $-190M | $-969M | $119M | $1.39B | $408M | $679M | $1.26B | · | $615M | $1.07B | $1.23B | |
| Market Cap | $6.42B | $6.11B | $5.96B | $8.90B | $21.95B | $31.16B | $22.47B | $32.47B | · | $27.58B | $20.80B | $25.01B | |
| Enterprise Value | $9.13B | $9.65B | $11.24B | $14.72B | $26.08B | $35.44B | $24.91B | $34.68B | · | $29.90B | $21.87B | $25.90B | |
| P/E | 25.6 | -32.7 | -6.2 | 73.9 | 16.0 | 76.4 | 34.0 | 26.0 | · | 45.8 | 19.8 | 20.6 | |
| P/S | 0.7 | 0.6 | 0.6 | 0.8 | 1.9 | 3.4 | 2.1 | 3.2 | · | 3.3 | 1.9 | 2.3 | |
| P/B | 3.5 | 4.1 | 3.6 | 3.1 | 6.2 | 10.2 | 6.7 | 7.6 | · | 7.4 | 4.2 | 4.6 | |
| P / Cash Flow | 9.6 | 13.1 | 5.9 | -13.6 | 25.4 | 23.7 | 25.7 | 19.5 | · | 18.7 | 14.1 | 21.8 | |
| EV / EBITDA | 15.8 | 31.8 | -330.0 | 44.9 | 16.0 | 58.3 | 26.9 | 20.7 | · | 19.9 | 14.6 | 13.4 | |
| EV / Revenue | 1.0 | 1.0 | 1.1 | 1.3 | 2.2 | 3.8 | 2.4 | 3.4 | · | 3.6 | 2.0 | 2.4 | |
| Dividend Yield | 2.2% | 2.3% | 5.1% | 7.9% | 3.5% | 2.4% | 3.3% | 2.4% | · | 2.5% | 3.1% | 2.3% | |
| Earnings Yield | 3.9% | -3.1% | -16.2% | 1.4% | 6.2% | 1.3% | 2.9% | 3.9% | · | 2.2% | 5.1% | 4.9% | |
| Payout Ratio | 55.2% | -73.9% | -31.3% | 592.7% | 55.8% | 185.5% | 110.2% | 60.9% | · | 111.3% | 59.2% | 45.9% | |
| Annual Payout | $141M | $140M | $303M | $703M | $773M | $757M | $749M | $767M | · | $685M | $636M | $565M |
Income Statement 16
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.67B | $2.17B | $2.88B | $2.80B | $1.76B | $2.14B | $2.83B | $2.76B | $1.77B | $2.25B | $2.78B | $2.92B | $3.04B | $3.53B | $3.08B | |
| Cost of Revenue | $752M | $944M | $1.25B | $1.34B | $812M | $1.00B | $1.24B | $1.32B | $863M | $1.17B | $1.26B | $1.43B | $1.61B | $1.59B | $1.50B | |
| SG&A Expense | $1.00B | $1.16B | $1.31B | $1.15B | $1.04B | $1.18B | $1.32B | $1.17B | $1.03B | $1.20B | $1.35B | $1.14B | $1.07B | $1.42B | $1.25B | |
| Operating Expenses | $1.75B | $2.10B | $2.59B | $2.49B | $1.85B | $2.22B | $2.61B | $2.48B | $1.89B | $2.62B | $2.87B | $2.57B | $2.68B | $3.01B | $3.17B | |
| Operating Income | $-83M | $62M | $289M | $313M | $-87M | $-73M | $226M | $274M | $-123M | $-373M | $-91M | $351M | $356M | $516M | $-91M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | $68M | $60M | · | $54M | $35M | |
| Interest Income | $6M | $7M | $5M | $3M | $3M | $11M | $7M | $4M | $3M | $7M | $4M | $5M | $2M | $4M | $823.0K | |
| Other Non-op | $791.0K | $-198M | $108M | $2M | $1M | $-15M | $7M | $-660.0K | $-1M | $2M | $29M | $-2M | $82M | $-10M | $-9M | |
| Pretax Income | $-107M | $-163M | $363M | $268M | $-127M | $-117M | $197M | $231M | $-165M | $-412M | $-111M | $307M | $407M | $456M | $-134M | |
| Income Tax | $-10M | $-44M | $62M | $79M | $-10M | $34M | $28M | $28M | $-13M | $360.0K | $-20M | $759M | $47M | $-52M | $-16M | |
| Net Income | $-97M | $-119M | $301M | $190M | $-116M | $-151M | $168M | $52M | $-259M | $-418M | $-42M | $-451M | $-277M | $508M | $-118M | |
| EPS (Basic) | · | $-0.31 | $0.77 | $0.49 | $-0.30 | $-0.38 | $0.43 | $0.13 | $-0.67 | $-1.07 | $-0.11 | $-1.16 | $-0.72 | $1.31 | $-0.31 | |
| EPS (Diluted) | · | $-0.30 | $0.76 | $0.48 | $-0.30 | $-0.37 | $0.43 | $0.13 | $-0.67 | $-1.07 | $-0.11 | $-1.16 | $-0.72 | $1.31 | $-0.31 | |
| Shares (Basic) | 392,107,000 | -780,848,000 | 390,915,000 | 390,648,000 | 390,024,000 | -777,851,000 | 389,218,000 | 389,044,000 | 388,741,000 | 66,000 | 388,383,000 | 388,338,000 | -775,102,000 | 387,739,000 | 387,688,000 | |
| Shares (Diluted) | 392,107,000 | -785,292,000 | 397,157,000 | 393,986,000 | 390,024,000 | -781,023,000 | 393,908,000 | 390,945,000 | 388,741,000 | 66,000 | 388,383,000 | 388,338,000 | -774,948,000 | 388,192,000 | 387,688,000 | |
| EBITDA | $-83M | · | $289M | $313M | $-87M | · | $226M | $274M | $-240M | · | $-32M | $363M | · | $516M | $-91M |
Balance Sheet 26
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $670M | $824M | $1.47B | $419M | $642M | $429M | $1.37B | $492M | $637M | $656M | $988M | $499M | $799M | $571M | $553M | |
| Receivables | $1.22B | $1.43B | $1.42B | $1.88B | $1.17B | $1.32B | $1.34B | $1.82B | $1.06B | $1.26B | $1.31B | $1.89B | · | $1.56B | $1.83B | |
| Inventory | $1.90B | $1.37B | $1.66B | $1.86B | $2.14B | $1.63B | $1.79B | $2.08B | $2.11B | $1.70B | $2.15B | $2.48B | · | $2.59B | $2.75B | |
| Prepaid Expense | · | $105M | · | · | · | $104M | · | · | · | $109M | · | · | · | · | · | |
| Other Current Assets | $418M | $386M | $441M | $426M | $425M | $408M | $514M | $473M | $546M | $493M | $486M | $374M | · | $516M | $551M | |
| Current Assets | $4.20B | $4.01B | $4.98B | $5.12B | $4.38B | $3.79B | $5.02B | $6.46B | $4.35B | $4.23B | $4.94B | $5.24B | · | $5.24B | $5.69B | |
| Goodwill | $586M | $588M | $592M | $621M | $621M | $603M | $634M | $652M | $1.36B | $645M | $1.72B | $1.96B | $1.16B | $2.14B | $2.10B | |
| Intangibles | $1.46B | $1.47B | $1.47B | $1.48B | $1.72B | $1.71B | $1.71B | $1.77B | $2.57B | $1.78B | $2.64B | $2.63B | · | $2.79B | $2.78B | |
| Other Non-current Assets | $1.23B | $1.23B | $1.33B | $1.39B | $1.39B | $1.29B | $1.20B | $1.27B | $1.13B | $1.21B | $1.09B | $1.08B | · | $1.91B | $1.02B | |
| Total Assets | $9.46B | $9.29B | $10.43B | $10.64B | $10.15B | $9.38B | $10.55B | $12.22B | $11.54B | $11.61B | $12.62B | $13.14B | $13.99B | $14.31B | $13.78B | |
| Accounts Payable | $1.27B | $826M | $1.01B | $1.06B | $1.17B | $790M | $1.01B | $1.13B | $1.16B | $788M | $975M | $993M | · | $906M | $1.02B | |
| Accrued Liabilities | $839M | $1.01B | $1.60B | $1.54B | $1.29B | $1.05B | $1.46B | $1.49B | $1.24B | $1.32B | $1.57B | $1.53B | · | $1.83B | $1.80B | |
| Short-term Debt | $10M | $10M | $11M | $502M | $393M | $12M | $13M | $463M | $264M | $264M | $452M | $1.02B | · | $902M | $1.69B | |
| Current Liabilities | $2.95B | $2.18B | $3.22B | $3.76B | $3.44B | $2.70B | $3.23B | $4.98B | $4.41B | $3.46B | $4.00B | $3.54B | · | $4.55B | $5.35B | |
| Capital Leases | $1.12B | $1.12B | $1.18B | $1.16B | $1.14B | $1.08B | $1.10B | $1.14B | $1.17B | $1.09B | $1.13B | $1.12B | · | $1.07B | $1.02B | |
| Deferred Tax | · | $21M | · | · | · | $15M | · | · | · | $10M | · | · | · | · | · | |
| Other Non-current Liabilities | $632M | $619M | $690M | $702M | $722M | $687M | $659M | $666M | $636M | $636M | $621M | $609M | · | $761M | $804M | |
| Total Liabilities | $7.70B | $7.44B | $8.65B | $9.17B | $8.86B | $7.89B | $8.87B | $10.81B | $10.15B | $9.95B | $10.51B | $10.93B | · | $10.99B | $10.70B | |
| Long-term Debt | · | $3.52B | · | · | · | $3.95B | · | · | · | · | · | · | · | · | · | |
| Total Debt | $10M | · | $11M | $502M | $393M | · | $13M | $463M | $264M | · | $452M | $1.02B | · | $902M | $1.69B | |
| Common Stock | $98M | $98M | $98M | $98M | $98M | $97M | $97M | $97M | $97M | $97M | $97M | $97M | · | $97M | $97M | |
| Retained Earnings | $-1.04B | $-929M | $-808M | $-1.11B | $-1.30B | $-1.17B | $-1.02B | $-1.19B | $-1.24B | $-975M | $-556M | $-514M | · | $386M | $-120M | |
| AOCI | $-778M | $-807M | $-1.00B | $-1.02B | $-1.04B | $-978M | $-951M | $-1.07B | $-1.05B | $-1.06B | $-1.05B | $-1.01B | · | $-930M | $-844M | |
| Stockholders' Equity | $1.76B | $1.85B | $1.78B | $1.48B | $1.29B | $1.49B | $1.68B | $1.41B | $1.39B | $1.66B | $2.11B | $2.21B | $2.91B | $3.32B | $3.09B | |
| Liabilities + Equity | $9.46B | $9.29B | $10.43B | $10.64B | $10.15B | $9.38B | $10.55B | $12.22B | $11.54B | $11.61B | $12.62B | $13.14B | · | $14.31B | $13.78B | |
| Shares Outstanding | 393,117,450 | 391,515,399 | 391,080,149 | 390,712,620 | 390,555,382 | 389,695,199 | 389,541,568 | 389,283,419 | 389,181,642 | 388,836,219 | 388,819,204 | 388,883,825 | 388,665,531 | 388,660,385 | 388,569,062 |
Cash Flow 11
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $58M | $67M | $79M | $70M | $64M | $73M | $60M | $62M | $65M | $85M | $80M | · | $60M | $62M | · | |
| Stock-based Comp | $23M | $20M | $19M | $18M | $21M | $21M | $22M | $16M | $13M | $14M | $8M | · | $-8M | $10M | · | |
| Amort. of Intangibles | $3M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $3M | $4M | $4M | $4M | |
| Restructuring | · | $23M | $0 | $5M | $15M | $31M | $17M | $8M | $12M | $38M | $32M | · | · | $11M | $42M | |
| Operating Cash Flow | $-62M | $33M | $1.01B | $-227M | $-145M | $-171M | $918M | $-302M | $20M | $-91M | $1.13B | · | $178M | $80M | · | |
| Investing Cash Flow | $-44M | $-51M | $548M | $-41M | $-49M | $-18M | $1.47B | $-10M | $-11M | $20M | $-42M | · | $19M | $-75M | · | |
| Debt Issued | · | · | · | · | · | · | · | · | · | $0 | · | · | $1.06B | · | · | |
| Net Debt Issued | $0 | · | · | · | $-282.0K | · | · | · | $-275.0K | · | · | · | · | · | · | |
| Dividends Paid | $35M | $35M | $35M | $35M | $35M | $35M | $35M | $35M | $35M | $35M | $35M | · | $117M | $198M | · | |
| Financing Cash Flow | $-41M | $-612M | $-528M | $63M | $339M | $-786M | $-1.49B | $163M | $-37M | $-224M | $-610M | · | $45M | $10M | · | |
| Net Change in Cash | $-152M | $-647M | $1.04B | $-213M | $217M | $-940M | $857M | $-125M | $-37M | $-312M | $489M | · | $243M | $19M | · |
Profitability 7
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -5.0% | · | 10.1% | 11.2% | -4.9% | · | 8.0% | 9.9% | -12.6% | · | -1.1% | 12.0% | · | 14.6% | -2.9% | |
| Net Margin | -5.8% | · | 10.5% | 6.8% | -6.6% | · | 5.9% | 1.9% | -13.6% | · | -1.4% | -14.8% | · | 14.4% | -3.8% | |
| Pretax Margin | -6.4% | · | 12.6% | 9.6% | -7.2% | · | 6.9% | 8.4% | -15.6% | · | -2.2% | 10.0% | · | 12.9% | -4.3% | |
| EBITDA Margin | -5.0% | · | 10.1% | 11.2% | -4.9% | · | 8.0% | 9.9% | -12.6% | · | -1.1% | 12.0% | · | 14.6% | -2.9% | |
| ROA | -0.99% | · | 2.9% | 1.7% | -1.1% | · | 1.5% | 0.41% | -2.0% | · | -0.32% | -3.4% | · | 3.6% | -0.86% | |
| ROE | -6.4% | · | 17.4% | 13.2% | -8.7% | · | 8.9% | 2.9% | -12.6% | · | -1.6% | -17.0% | · | 14.6% | -3.5% | |
| ROIC | -4.3% | · | 13.4% | 11.2% | -4.7% | · | 11.5% | 12.9% | -12.6% | · | -0.82% | -16.7% | · | 13.6% | -1.7% |
Liquidity & Solvency 4
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.4 | · | 1.5 | 1.4 | 1.3 | · | 1.6 | 1.3 | 1.0 | · | 1.2 | 1.5 | · | 1.2 | 1.1 | |
| Quick Ratio | 0.6 | · | 0.9 | 0.6 | 0.5 | · | 0.8 | 0.5 | 0.4 | · | 0.6 | 0.7 | · | 0.5 | 0.4 | |
| Debt / Equity | 0.0 | · | 0.0 | 0.3 | 0.3 | · | 0.0 | 0.3 | 0.2 | · | 0.2 | 0.5 | · | 0.3 | 0.5 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | -0.5 | 6.0 | · | 9.5 | -2.6 |
Efficiency 3
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | · | 0.3 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.1 | · | 0.2 | 0.2 | · | 0.3 | 0.2 | |
| Inventory Turnover | 0.4 | · | 0.7 | 0.7 | 0.4 | · | 0.6 | 0.6 | 0.4 | · | 0.6 | 0.6 | · | 0.8 | 0.7 | |
| Receivables Turnover | 1.4 | · | 2.1 | 1.5 | 1.6 | · | 2.1 | 1.5 | 1.7 | · | 2.1 | 1.6 | · | 2.3 | 1.7 |
Valuation (TTM) 12
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $9.11B | · | $10.27B | $10.16B | $9.12B | · | $10.14B | $10.23B | $9.56B | · | $11.32B | $11.62B | · | · | · | |
| Net Income TTM | $277M | · | $542M | $293M | $-155M | · | $-81M | $-700M | $-809M | · | $-43M | $-119M | · | · | · | |
| Market Cap | $6.83B | · | $7.23B | $5.76B | $4.62B | · | $8.48B | $7.62B | $5.25B | · | $7.31B | $6.87B | · | $10.73B | $11.62B | |
| Enterprise Value | $6.17B | · | $5.78B | $5.84B | $4.37B | · | $7.12B | $7.59B | $4.88B | · | $6.77B | $7.40B | · | $11.06B | $12.76B | |
| P/E | 12.7 | · | 13.5 | 19.9 | -28.9 | · | -99.0 | -10.8 | -6.5 | · | -170.9 | -57.0 | · | · | · | |
| P/S | 0.7 | · | 0.7 | 0.6 | 0.5 | · | 0.8 | 0.7 | 0.5 | · | 0.6 | 0.6 | · | · | · | |
| P/B | 3.9 | · | 4.1 | 3.9 | 3.6 | · | 5.0 | 5.4 | 3.8 | · | 3.5 | 3.1 | · | 3.2 | 3.8 | |
| P / Cash Flow | -109.3 | · | · | · | -31.8 | · | · | · | 264.9 | · | · | · | · | · | · | |
| EV / EBITDA | -74.2 | · | 20.0 | 18.7 | -50.5 | · | 31.6 | 27.7 | -20.3 | · | -210.2 | 20.4 | · | 21.4 | -140.5 | |
| EV / Revenue | 0.7 | · | 0.6 | 0.6 | 0.5 | · | 0.7 | 0.7 | 0.5 | · | 0.6 | 0.6 | · | · | · | |
| Earnings Yield | 7.9% | · | 7.4% | 5.0% | -3.5% | · | -1.0% | -9.2% | -15.5% | · | -0.59% | -1.8% | · | · | · | |
| Payout Ratio | -36.4% | · | · | · | -30.2% | · | · | · | -13.5% | · | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-03-28 | 2025-06-28 | 2025-03-29 | 2024-12-28 | 2024-09-28 | |
|---|---|---|---|---|---|
| Revenue | $9.61B | — | $9.50B | — | — |
| Operating Margin % | 6.0% | — | 3.2% | — | — |
| Net Income | $255M | — | $-190M | — | — |
| Diluted EPS | $0.64 | — | $-0.48 | — | — |
Balance Sheet
| 2026-03-28 | 2025-06-28 | 2025-03-29 | 2024-12-28 | 2024-09-28 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.9 | — | 2.7 | — | — |
| Current Ratio | 1.8 | — | 1.4 | — | — |
| Quick Ratio | 1.0 | — | 0.6 | — | — |
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Institutional owners (13F) 608 filers · $4.0B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 75 (-35 vs prior Q) | 67 (+12 vs prior Q) | 185 (-10 vs prior Q) | 180 (+30 vs prior Q) | +45.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| M&G PLC | $439,186,874 | 25,834,522 | 11.00% | Shares |
| Dodge & Cox | $373,734,999 | 22,406,175 | 9.36% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $306,231,940 | 18,359,229 | 7.67% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $281,912,216 | 16,901,212 | 7.06% | Shares |
| STATE STREET CORP | $188,039,712 | 11,273,364 | 4.71% | Shares |
| AMERICAN CENTURY COMPANIES INC | $124,951,209 | 7,491,079 | 3.13% | Shares |
| FMR LLC | $112,879,181 | 6,767,337 | 2.83% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $102,679,706 | 6,155,859 | 2.57% | Shares |
| MILLENNIUM MANAGEMENT LLC | $98,553,630 | 5,908,491 | 2.47% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $83,615,239 | 5,012,904 | 2.09% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $82,725,755 | 4,957,972 | 2.07% | Shares |
| Engaged Capital LLC | $75,425,192 | 4,521,894 | 1.89% | Shares |
| Walleye Trading LLC | $67,378,860 | 4,039,500 | 1.69% | Put option |
| JANE STREET GROUP, LLC | $60,898,680 | 3,651,000 | 1.52% | Put option |
| UBS Group AG | $59,344,104 | 3,557,800 | 1.49% | Put option |
| Great Hill Capital LLC | $58,468,500 | 3,897,900 | 1.46% | Call option |
| NORGES BANK | $55,917,265 | 3,352,354 | 1.40% | Shares |
| Dorsal Capital Management, LP | $54,210,000 | 3,250,000 | 1.36% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $54,105,829 | 3,114,902 | 1.35% | Shares |
| Broad Bay Capital Management, LP | $53,439,384 | 3,203,800 | 1.34% | Shares |
| GOLDMAN SACHS GROUP INC | $45,574,482 | 2,732,283 | 1.14% | Shares |
| DEPRINCE RACE & ZOLLO INC | $44,010,743 | 2,590,391 | 1.10% | Shares |
| VANGUARD GROUP INC | $37,040,369 | 2,048,693 | 0.93% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $35,522,262 | 2,129,632 | 0.89% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $31,742,290 | 1,903,015 | 0.79% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $31,532,306 | 1,890,426 | 0.79% | Shares |
| Quantinno Capital Management LP | $31,299,832 | 1,876,488 | 0.78% | Shares |
| TWO SIGMA INVESTMENTS, LP | $30,202,176 | 1,810,682 | 0.76% | Shares |
| Squarepoint Ops LLC | $29,738,839 | 1,782,904 | 0.74% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $28,938,132 | 1,734,900 | 0.72% | Shares |
| Allianz Asset Management GmbH | $28,727,630 | 1,722,280 | 0.72% | Shares |
| Bank of New York Mellon Corp | $25,731,552 | 1,542,659 | 0.64% | Shares |
| CITADEL ADVISORS LLC | $20,913,901 | 1,253,831 | 0.52% | Shares |
| Broad Peak Investment Advisers Pte Ltd | $20,099,400 | 1,205,000 | 0.50% | Shares |
| CITADEL ADVISORS LLC | $18,386,364 | 1,102,300 | 0.46% | Put option |
| TUDOR INVESTMENT CORP ET AL | $17,719,531 | 1,062,322 | 0.44% | Shares |
| GROUP ONE TRADING LLC | $17,350,202 | 1,040,180 | 0.43% | Shares |
| AMG National Trust Bank | $16,321,112 | 978,484 | 0.41% | Shares |
| BANK OF AMERICA CORP /DE/ | $15,823,049 | 948,624 | 0.40% | Shares |
| Walleye Trading LLC | $15,219,149 | 912,419 | 0.38% | Shares |
| RHUMBLINE ADVISERS | $14,694,600 | 880,974 | 0.37% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $14,584,992 | 874,400 | 0.37% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $14,343,617 | 859,929 | 0.36% | Shares |
| ExodusPoint Capital Management, LP | $14,059,422 | 842,891 | 0.35% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $13,724,031 | 822,784 | 0.34% | Shares |
| Varenne Capital Partners | $13,670,643 | 820,157 | 0.34% | Shares |
| AMERIPRISE FINANCIAL INC | $13,388,937 | 802,694 | 0.34% | Shares |
| JANE STREET GROUP, LLC | $13,005,396 | 779,700 | 0.33% | Call option |
| PRINCIPAL FINANCIAL GROUP INC | $12,387,552 | 742,659 | 0.31% | Shares |
| Gotham Asset Management, LLC | $12,262,285 | 735,149 | 0.31% | Shares |
| Schonfeld Strategic Advisors LLC | $12,027,829 | 721,093 | 0.30% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $11,255,497 | 674,790 | 0.28% | Shares |
| Swiss National Bank | $11,132,232 | 667,400 | 0.28% | Shares |
| ALLIANCEBERNSTEIN L.P. | $11,080,453 | 652,175 | 0.28% | Shares |
| IEQ CAPITAL, LLC | $11,018,623 | 660,589 | 0.28% | Shares |
| Compass Wealth Management LLC | $10,549,133 | 632,442 | 0.26% | Shares |
| LPL Financial LLC | $10,492,400 | 629,041 | 0.26% | Shares |
| PDT Partners, LLC | $10,473,889 | 627,931 | 0.26% | Shares |
| Great Hill Capital LLC | $10,350,374 | 620,526 | 0.26% | Shares |
| California Public Employees Retirement System | $10,329,390 | 619,268 | 0.26% | Shares |
| Woodson Capital Management, LP | $10,008,000 | 600,000 | 0.25% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $9,204,641 | 551,837 | 0.23% | Shares |
| UBS Group AG | $8,893,776 | 533,200 | 0.22% | Call option |
| QSM Asset Management Ltd | $8,406,690 | 507,957 | 0.21% | Shares |
| CWM, LLC | $8,397,714 | 494,274 | 0.21% | Shares |
| BlackRock, Inc. | $8,345,688 | 500,341 | 0.21% | Shares |
| NOMURA HOLDINGS INC | $8,340,000 | 500,000 | 0.21% | Put option |
| Fiduciary Alliance LLC | $8,328,832 | 499,330 | 0.21% | Shares |
| Mariner, LLC | $8,076,271 | 484,187 | 0.20% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $7,568,200 | 453,729 | 0.19% | Shares |
| Intesa Sanpaolo S.p.A. | $7,288,673 | 436,975 | 0.18% | Shares |
| BARCLAYS PLC | $7,206,645 | 432,053 | 0.18% | Shares |
| ArrowMark Colorado Holdings LLC | $7,071,903 | 423,975 | 0.18% | Shares |
| Bayberry Capital Partners LP | $6,705,360 | 402,000 | 0.17% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $6,632,568 | 397,636 | 0.17% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $6,523,531 | 383,963 | 0.16% | Shares |
| Walleye Trading LLC | $6,435,144 | 385,800 | 0.16% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $6,413,460 | 384,500 | 0.16% | Call option |
| CITADEL ADVISORS LLC | $5,898,048 | 353,600 | 0.15% | Call option |
| MARSHALL WACE, LLP | $5,724,008 | 343,166 | 0.14% | Shares |
| Retirement Systems of Alabama | $5,669,999 | 339,928 | 0.14% | Shares |
| WOLVERINE TRADING, LLC | $5,556,025 | 384,500 | 0.14% | Call option |
| VANGUARD ASSET MANAGEMENT, Ltd | $5,311,996 | 318,465 | 0.13% | Shares |
| UMB Bank, n.a. | $5,149,049 | 308,696 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $5,146,714 | 308,556 | 0.13% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $5,003,383 | 299,963 | 0.13% | Shares |
| Qube Research & Technologies Ltd | $4,992,791 | 299,328 | 0.13% | Shares |
| OSAIC HOLDINGS, INC. | $4,783,535 | 286,781 | 0.12% | Shares |
| Murphy Pohlad Asset Management LLC | $4,608,600 | 276,295 | 0.12% | Shares |
| Graham Capital Management, L.P. | $4,323,573 | 259,207 | 0.11% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $4,044,650 | 242,485 | 0.10% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $4,013,613 | 240,624 | 0.10% | Shares |
| Madison Asset Management, LLC | $3,912,644 | 234,571 | 0.10% | Shares |
| WOLVERINE TRADING, LLC | $3,898,610 | 269,800 | 0.10% | Put option |
| CAPITAL FUND MANAGEMENT S.A. | $3,861,003 | 231,475 | 0.10% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $3,853,071 | 251,059 | 0.10% | Shares |
| Assenagon Asset Management S.A. | $3,728,297 | 223,519 | 0.09% | Shares |
| Brevan Howard Capital Management LP | $3,547,085 | 212,655 | 0.09% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $3,505,452 | 210,159 | 0.09% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $3,475,445 | 208,360 | 0.09% | Shares |
Company insiders 69 insiders · 22 officers · 19 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Steven E Rendle | Chairman, President & CEO | May 24, 2022 A | 75,199 | 0 | 0 | $0 |
| Vogel Paul Aaron | Exec. Vice President and CFO | June 4, 2026 F | 385,464 | 0 | 0 | $0 |
| Matthew H Puckett | EVP & Chief Financial Officer | May 17, 2024 F | 45,301 | 0 | 0 | $0 |
| Scott A. Roe | EVP & CFO | May 17, 2021 A | 96,138 | 0 | 0 | $0 |
| Bracken Darrell | President & Chief Exec Officer | July 31, 2026 P | 1,402,109 | 1 | 0 | $492,752 |
| Abhishek Dalmia | EVP, Chief Operating Officer | June 4, 2026 F | 665,707 | 0 | 0 | $0 |
| Michael Edward Phillips | VP, Chief Accounting Officer | June 4, 2026 F | 55,658 | 0 | 0 | $0 |
| Jennifer S. Sim | EVP, CLO and Corp Secretary | June 4, 2026 F | 191,465 | 0 | 0 | $0 |
| Brent Hyder | EVP, Chief Commercial Officer | June 4, 2026 F | 972,778 | 0 | 0 | $0 |
| Guerrini Martino Scabbia | EVP, Chief Commercial Officer | Oct. 31, 2025 F | 608,751 | 0 | 0 | $0 |
| Bryan H Mcneill | VP, Chief Accounting Officer | May 23, 2025 F | 40,225 | 0 | 0 | $0 |
| Nicole Beth Otto | EVP & Global Brand Pres. TNF | Aug. 2, 2023 F | 55,860 | 0 | 0 | $0 |
| Kevin Bailey | EVP & Global Brand Pres., Vans | May 26, 2023 A | 82,651 | 0 | 0 | $0 |
| Stephen M Murray | EVP & Group Pres. - Americas | May 16, 2022 A | 11,276 | 0 | 0 | $0 |
| Laura C Meagher | EVP & General Counsel | March 15, 2022 A | 38,947 | 0 | 0 | $0 |
| Curtis A. Holtz | EVP & Group Pres. | May 11, 2020 A | 59,792 | 0 | 0 | $0 |
| Scott H Baxter | VP & Group President | May 28, 2019 D | 122,784 | 0 | 0 | $0 |
| Aidan O'Meara | Vice President & Group Pres. | Nov. 10, 2017 M | 91,344 | 0 | 0 | $0 |
| Eric C Wiseman | Chairman | Sept. 1, 2017 M | 549,863 | 0 | 0 | $0 |
| John P Schamberger | VP CROSS COALITION MANAGEMENT | Feb. 6, 2006 A | 37,915 | 0 | 0 | $0 |
| Terry L Lay | VICE PRESIDENT | March 1, 2005 M | 15,972 | 0 | 0 | $0 |
| Robert A Cordaro | Vice President -- Controller | Feb. 13, 2004 A | 1,697 | 0 | 0 | $0 |
| Matthew J Shattock | Director | June 26, 2026 A | 52,325 | 0 | 0 | $0 |
| Mark Samuel Hoplamazian | Director | June 26, 2026 A | 67,158 | 0 | 0 | $0 |
| Alex Cho | Director | May 22, 2026 A | 40,147 | 0 | 0 | $0 |
| Kirk Tanner | Director | May 22, 2026 A | 31,823 | 0 | 0 | $0 |
| Juliana L Chugg | Director | May 22, 2026 A | 107,379 | 0 | 1 | $-142,241 |
| Carol L Roberts | Director | May 22, 2026 A | 47,458 | 0 | 0 | $0 |
| Laura W Lang | Director | May 22, 2026 A | 53,934 | 0 | 0 | $0 |
| Trevor A Edwards | Director | May 22, 2026 A | 35,462 | 0 | 0 | $0 |
| Mindy F Grossman | Director | May 22, 2026 A | 31,823 | 0 | 0 | $0 |
| Clarence Otis JR | Director | May 22, 2026 A | 68,283 | 0 | 0 | $0 |
| Rodney W Mcmullen | Director | Dec. 27, 2024 A | 46,762 | 0 | 0 | $0 |
| Benno O Dorer | Director | May 28, 2024 A | 60,936 | 0 | 0 | $0 |
| Caroline Tulenko Brown | Director | Feb. 21, 2024 A | 632 | 0 | 0 | $0 |
| Alan W Mccollough | Director | May 24, 2022 A | 20,912 | 0 | 0 | $0 |
| Veronica Wu | Director | July 2, 2021 A | 3,663 | 0 | 0 | $0 |
| HURST ROBERT J/NY | Director | March 30, 2018 A | 204,281 | 0 | 0 | $0 |
| UrsulaFairbairn, Clarence OtisJr &PNC Bank NA Tstees of the John E Barbey Trst UDT dtd 08/21/51 FBO Helen Mucklow(dec'd)as appt'd for JohnE.B.DuPont | 10% owner | June 2, 2015 S | 84,275,364 | 0 | 0 | $0 |
| Ursula Fairbairn, Clarence Otis Jr. & PNC Bank N.A., Trustees of the John E. Barbey T/U/W FBO Tenacre Foundation | 10% owner | Oct. 29, 2014 S | 21,362,971 | 0 | 0 | $0 |
| UrsulaFairbairn,ClarenceOtisJr & PNC Bank N.A., Tstees of theJohn E.Barbey Trst UDT dtd 8/21/51 FBO MaryG.Barbey(dec'd) as appt'd for Kelly G.Barbey | 10% owner | Dec. 11, 2012 S | 21,585,971 | 0 | 0 | $0 |
| Ursula Fairbairn,Clarence OtisJr &PNC Bank NA Tstees of John E.Barbey Trust UDTdtd 8/21/51 FBO MaryG.Barbey(dec'd) as appt'd for Grant Barbey Hooker | 10% owner | Oct. 31, 2012 S | 21,587,971 | 0 | 0 | $0 |
| Ursula Fairbairn, Clarence Otis Jr. & PNC Bank N.A., Trustees of the John E. Barbey T/U/W FBO John E. Barbey, Jr. | 10% owner | Oct. 31, 2012 S | 21,587,971 | 0 | 0 | $0 |
| Ursula Fairbairn, Clarence Otis Jr & PNC Bank N.A., Trustees of the John E. Barbey Trust UDT dated 8/21/51 FBO Edwin Q. Barbey | 10% owner | Oct. 31, 2012 S | 21,587,971 | 0 | 0 | $0 |
| Ursula Fairbairn, Clarence Otis Jr & PNC Bank N.A., Trustees of the John E. Barbey Trust U/D/T dated 8/21/51 FBO John E. Barbey, Jr. | 10% owner | Oct. 31, 2012 S | 21,587,971 | 0 | 0 | $0 |
| Ursula F Fairbairn,Clarence OtisJr& PNC Del.Trust Co,Tstees of John E.Barbey Trst UDTdtd.8/21/51 FBO MaryG.Barbey (dec' d)as appt'd for KatrinaBurrus | 10% owner | Oct. 31, 2012 S | 21,587,971 | 0 | 0 | $0 |
| UrsulaFairbairn, ClarenceOtisJr& PNC BankNA Trstees of the JohnE Barbey Trst UDTdtd 08/21/51 FBO HelenMucklow(dec'd) as appt'd forCatharineA Varacchi | 10% owner | Oct. 31, 2012 S | 21,587,971 | 0 | 0 | $0 |
| JOHN E BARBEY DEED OF TRUST BENEFIT OF JOHN E HOOKER | 10% owner | Oct. 3, 2003 S | 22,223,288 | 0 | 0 | $0 |
| JOHN E BARBEY DEED OF TRUST DATED 8/21/51 | 10% owner | Oct. 3, 2003 S | 22,223,288 | 0 | 0 | $0 |
| V F CORP | 10% owner | Aug. 27, 2003 P | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| V.F. Corporation | June 17, 2011 | — | Initial filing | M&A / sale | SEC |
| VF CORPORATION | Aug. 27, 2003 | — | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | July 11, 2003 | — | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 96 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ADPV · Series Portfolios Trust | 3.85% | 348,528 NS | April 30, 2026 | N-PORT |
| BSJR · Invesco Exchange-Traded Self-Indexe… | 0.78% | 6,875,000 | Aug. 8, 2026 | Daily |
| XMVM · Invesco Exchange-Traded Fund Trust | 0.70% | 237,980 SH | Aug. 8, 2026 | Daily |
| EVNT · AltShares Trust | 0.70% | 5,000 NS | May 31, 2026 | N-PORT |
| RCGE · EA Series Trust | 0.52% | 25,884 NS | April 30, 2026 | N-PORT |
| MILN · Global X Funds | 0.40% | 22,595 NS | May 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.35% | 311,296 SH | Aug. 8, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.32% | 214,154 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.31% | 13,386 NS | April 30, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.31% | 282,194 SH | Aug. 8, 2026 | Daily |
| FXD · First Trust Exchange-Traded AlphaDE… | 0.29% | 41,079 NS | April 30, 2026 | N-PORT |
| IJJ · iShares Trust | 0.28% | 1,671,774 SH | Aug. 8, 2026 | Daily |
| MIDE · DBX ETF Trust | 0.23% | 443 NS | May 29, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.22% | 80,428 NS | May 31, 2026 | N-PORT |
| ITAN · EA Series Trust | 0.22% | 11,643 NS | May 29, 2026 | N-PORT |
| DFVE · DoubleLine ETF Trust | 0.20% | 3,229 NS | March 31, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.20% | 3,106,102 NS | May 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.18% | 37,764 NS | April 30, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.16% | 62,508 NS | May 31, 2026 | N-PORT |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.16% | 1,210,865 NS | May 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.16% | 10,413 NS | April 30, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.16% | 17,863 NS | April 30, 2026 | N-PORT |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.16% | 45,752 SH | Aug. 8, 2026 | Daily |
| XJH · iShares Trust | 0.15% | 44,538 SH | Aug. 8, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.15% | 106,846 NS | April 30, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 58,501 NS | April 30, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.15% | 530,283 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.14% | 1,074,493 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.14% | 5,704,191 SH | Aug. 8, 2026 | Daily |
| VCR · VANGUARD WORLD FUND | 0.14% | 580,889 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.13% | 11,339,988 SH | Aug. 8, 2026 | Daily |
| FDIS · FIDELITY COVINGTON TRUST | 0.13% | 117,427 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.12% | 133,455 NS | April 30, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.12% | 5,443 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.12% | 11,357 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.12% | 1,579,120 NS | May 31, 2026 | N-PORT |
| VFMF · VANGUARD WELLINGTON FUND | 0.11% | 46,022 SH | Aug. 8, 2026 | Daily |
| SCHM · SCHWAB STRATEGIC TRUST | 0.10% | 886,992 NS | May 31, 2026 | N-PORT |
| ESUM · Strategy Shares | 0.10% | 8,014 NS | April 30, 2026 | N-PORT |
| ESML · iShares Trust | 0.09% | 185,628 SH | Aug. 8, 2026 | Daily |
| IEDI · iShares U.S. ETF Trust | 0.09% | 1,797 SH | Aug. 8, 2026 | Daily |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.09% | 21,361 NS | May 31, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.09% | 43,865 SH | Aug. 8, 2026 | Daily |
| IYC · iShares Trust | 0.09% | 70,219 SH | Aug. 8, 2026 | Daily |
| UMDD · ProShares Trust | 0.09% | 1,585 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.08% | 39,945 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.08% | 8,984,800 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.07% | 14,606 SH | Aug. 8, 2026 | Daily |
| SMMD · iShares Trust | 0.07% | 175,649 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.07% | 46,089 SH | Aug. 8, 2026 | Daily |