LEVI vs VFC: Levi Strauss & and VF compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Levi Strauss & is the larger company, worth $7.0B, about 1.3 times VF.
- Levi Strauss & grew revenue faster over the last year (+4.3% vs +1.0%).
- Levi Strauss & keeps more of each dollar of revenue as operating profit (11.3% vs 6.0%).
- On earnings, Levi Strauss & is the cheaper stock (13.4x vs 22.1x).
- Levi Strauss &'s price assumes faster free cash flow growth: about 7% a year, against -4% for VF (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | LEVI | VFC |
|---|---|---|
| Market cap | $7.0B | $5.6B |
| Share price | $18.70 | $15.00 |
| Revenue (last fiscal year) | $6.3B | $9.6B |
| Free cash flow (last fiscal year) | $308M | $557M |
| Revenue growth, last year | +4.3% | +1.0% |
| Revenue growth per year, last 5 fiscal years | +2.2% | -5.1% |
| Operating margin | 11.3% | 6.0% |
| Net margin | 8.8% | 2.6% |
| Return on equity | 24.4% | 13.8% |
| P/E (trailing) | 13.4x | 22.1x |
| Price / free cash flow | 21.6x | 11.0x |
| EV / EBITDA | 8.84x | 12.3x |
| FCF growth the price implies | 6.6% | -4.2% |
| Dividend yield | 3.0% | 12.7% |
| Debt / equity | 1.87x | 4.02x |
| Fundamental grade | C | C |
| Superinvestors holding it | 3 | 4 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Levi Strauss &
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $5.8B | $570M | 11.9% |
| 2022 | $6.2B | -$39M | 10.5% |
| 2023 | $5.8B | $122M | 6.1% |
| 2024 | $6.0B | $671M | 4.4% |
| 2025 | $6.3B | $308M | 10.8% |
VF
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $11.8B | $619M | 13.8% |
| 2023 | $11.1B | -$808M | 9.0% |
| 2024 | $9.9B | $879M | -1.5% |
| 2025 | $9.5B | $379M | 3.2% |
| 2026 | $9.6B | $557M | 6.0% |
Where the revenue comes from
Levi Strauss & · by segments, 2025
Americas$3.3B52%
Europe$1.7B27%
Asia$1.1B18%
Other Brands$151M2%
VF · by segments, 2026
Outdoor$5.7B68%
Active$2.7B32%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open LEVI in InvestinglyQuestions
Which is bigger, Levi Strauss & or VF?
Levi Strauss & (LEVI), at $7.0B against $5.6B.
Is LEVI or VFC cheaper?
By trailing P/E, Levi Strauss & (13.4x) is cheaper than VF (22.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, LEVI or VFC?
Levi Strauss &: revenue grew +4.3% over the last year, against +1.0%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.