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Side-by-side financial comparison of MARKEL GROUP INC. (MKL) and V F CORP (VFC). Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $2.9B, roughly 1.2× V F CORP). MARKEL GROUP INC. runs the higher net margin — 16.1% vs 10.5%, a 5.7% gap on every dollar of revenue. On growth, V F CORP posted the faster year-over-year revenue change (1.5% vs -6.9%). V F CORP produced more free cash flow last quarter ($977.9M vs $599.1M). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% CAGR vs -10.5%).
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
MKL vs VFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $2.9B |
| Net Profit | $576.8M | $300.8M |
| Gross Margin | — | 56.6% |
| Operating Margin | 22.2% | 10.1% |
| Net Margin | 16.1% | 10.5% |
| Revenue YoY | -6.9% | 1.5% |
| Net Profit YoY | 5.0% | 79.3% |
| EPS (diluted) | $48.22 | $0.76 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.6B | $2.9B | ||
| Q3 25 | $3.9B | $2.8B | ||
| Q2 25 | $4.6B | $1.8B | ||
| Q1 25 | $3.4B | $2.0B | ||
| Q4 24 | $3.8B | $2.8B | ||
| Q3 24 | $4.6B | $2.8B | ||
| Q2 24 | $3.7B | $1.9B | ||
| Q1 24 | $4.5B | $2.4B |
| Q4 25 | $576.8M | $300.8M | ||
| Q3 25 | $751.3M | $189.8M | ||
| Q2 25 | $657.1M | $-116.4M | ||
| Q1 25 | $121.7M | $-150.8M | ||
| Q4 24 | $549.2M | $167.8M | ||
| Q3 24 | $905.0M | $52.2M | ||
| Q2 24 | $267.7M | $-258.9M | ||
| Q1 24 | $1.0B | $-418.3M |
| Q4 25 | — | 56.6% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | — | 52.7% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 52.0% | ||
| Q1 24 | — | 48.4% |
| Q4 25 | 22.2% | 10.1% | ||
| Q3 25 | 25.7% | 11.2% | ||
| Q2 25 | 24.1% | -4.9% | ||
| Q1 25 | 8.3% | 2.2% | ||
| Q4 24 | 15.5% | 8.0% | ||
| Q3 24 | 29.7% | 9.9% | ||
| Q2 24 | 11.1% | -12.6% | ||
| Q1 24 | 29.9% | -15.0% |
| Q4 25 | 16.1% | 10.5% | ||
| Q3 25 | 19.1% | 6.8% | ||
| Q2 25 | 14.3% | -6.6% | ||
| Q1 25 | 3.6% | -7.5% | ||
| Q4 24 | 14.3% | 5.9% | ||
| Q3 24 | 19.6% | 1.9% | ||
| Q2 24 | 7.2% | -13.6% | ||
| Q1 24 | 23.0% | -17.6% |
| Q4 25 | $48.22 | $0.76 | ||
| Q3 25 | $59.25 | $0.48 | ||
| Q2 25 | $49.67 | $-0.30 | ||
| Q1 25 | $12.08 | $-0.37 | ||
| Q4 24 | $39.02 | $0.43 | ||
| Q3 24 | $66.25 | $0.13 | ||
| Q2 24 | $18.62 | $-0.67 | ||
| Q1 24 | $75.43 | $-1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.0B | $1.5B |
| Total DebtLower is stronger | $4.3B | $3.6B |
| Stockholders' EquityBook value | $18.6B | $1.8B |
| Total Assets | $68.9B | $10.4B |
| Debt / EquityLower = less leverage | 0.23× | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $4.0B | $419.1M | ||
| Q2 25 | $3.7B | $642.4M | ||
| Q1 25 | $4.2B | $429.4M | ||
| Q4 24 | $3.7B | $1.4B | ||
| Q3 24 | $3.9B | $492.2M | ||
| Q2 24 | $3.5B | $637.4M | ||
| Q1 24 | $3.6B | $674.6M |
| Q4 25 | $4.3B | $3.6B | ||
| Q3 25 | $4.3B | $3.5B | ||
| Q2 25 | $4.4B | $3.6B | ||
| Q1 25 | $4.4B | $3.4B | ||
| Q4 24 | $4.3B | $3.9B | ||
| Q3 24 | $4.4B | $4.0B | ||
| Q2 24 | $4.4B | $3.9B | ||
| Q1 24 | $3.9B | $4.7B |
| Q4 25 | $18.6B | $1.8B | ||
| Q3 25 | $18.0B | $1.5B | ||
| Q2 25 | $17.3B | $1.3B | ||
| Q1 25 | $17.1B | $1.5B | ||
| Q4 24 | $16.9B | $1.7B | ||
| Q3 24 | $17.0B | $1.4B | ||
| Q2 24 | $15.9B | $1.4B | ||
| Q1 24 | $15.7B | $1.7B |
| Q4 25 | $68.9B | $10.4B | ||
| Q3 25 | $67.4B | $10.6B | ||
| Q2 25 | $66.8B | $10.2B | ||
| Q1 25 | $64.6B | $9.4B | ||
| Q4 24 | $61.9B | $10.6B | ||
| Q3 24 | $62.3B | $12.2B | ||
| Q2 24 | $59.7B | $11.5B | ||
| Q1 24 | $57.3B | $11.6B |
| Q4 25 | 0.23× | 1.99× | ||
| Q3 25 | 0.24× | 2.40× | ||
| Q2 25 | 0.25× | 2.76× | ||
| Q1 25 | 0.26× | 2.30× | ||
| Q4 24 | 0.26× | 2.31× | ||
| Q3 24 | 0.26× | 2.86× | ||
| Q2 24 | 0.28× | 2.84× | ||
| Q1 24 | 0.25× | 2.84× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $662.2M | $1.0B |
| Free Cash FlowOCF − Capex | $599.1M | $977.9M |
| FCF MarginFCF / Revenue | 16.7% | 34.0% |
| Capex IntensityCapex / Revenue | 1.8% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.15× | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $662.2M | $1.0B | ||
| Q3 25 | $1.2B | $-227.0M | ||
| Q2 25 | $504.4M | $-145.5M | ||
| Q1 25 | $376.2M | $-171.1M | ||
| Q4 24 | $493.9M | $918.1M | ||
| Q3 24 | $890.8M | $-301.6M | ||
| Q2 24 | $578.6M | $19.8M | ||
| Q1 24 | $630.7M | — |
| Q4 25 | $599.1M | $977.9M | ||
| Q3 25 | $1.2B | $-253.5M | ||
| Q2 25 | $453.8M | $-173.7M | ||
| Q1 25 | $335.5M | $-193.0M | ||
| Q4 24 | $420.0M | $899.7M | ||
| Q3 24 | $838.9M | $-322.4M | ||
| Q2 24 | $521.4M | $-5.4M | ||
| Q1 24 | $558.7M | — |
| Q4 25 | 16.7% | 34.0% | ||
| Q3 25 | 29.6% | -9.0% | ||
| Q2 25 | 9.9% | -9.9% | ||
| Q1 25 | 9.9% | -9.6% | ||
| Q4 24 | 10.9% | 31.7% | ||
| Q3 24 | 18.2% | -11.7% | ||
| Q2 24 | 14.1% | -0.3% | ||
| Q1 24 | 12.5% | — |
| Q4 25 | 1.8% | 1.1% | ||
| Q3 25 | 1.3% | 0.9% | ||
| Q2 25 | 1.1% | 1.6% | ||
| Q1 25 | 1.2% | 1.1% | ||
| Q4 24 | 1.9% | 0.6% | ||
| Q3 24 | 1.1% | 0.8% | ||
| Q2 24 | 1.5% | 1.3% | ||
| Q1 24 | 1.6% | — |
| Q4 25 | 1.15× | 3.36× | ||
| Q3 25 | 1.62× | -1.20× | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 3.09× | — | ||
| Q4 24 | 0.90× | 5.47× | ||
| Q3 24 | 0.98× | -5.78× | ||
| Q2 24 | 2.16× | — | ||
| Q1 24 | 0.62× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
