Victoria's Secret (VSCO) | Financial Analysis & Statements

Victoria's Secret & Co. | Small-cap | Consumer Cyclical

$20.46

-0.53%

Victoria's Secret vs Tjx Companies Victoria's Secret vs Ross Stores Victoria's Secret vs American Eagle Victoria's Secret vs Carter's Victoria's Secret vs Stitch Fix Victoria's Secret vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2025

Income Metrics

Revenue 6.2B

Gross Profit 2.3B 36.66%

Operating Income 310.0M 4.98%

Net Income 169.0M 2.71%

EPS (Diluted) $2.05

Balance Sheet Metrics

Total Assets 4.5B

Total Liabilities 3.9B

Shareholders Equity 664.0M

Debt to Equity 5.83

Cash Flow Metrics

Operating Cash Flow 399.0M

Free Cash Flow 247.0M

Revenue & Profitability Trend

Victoria's Secret Income Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Revenue	6.2B	6.2B	6.3B	6.8B	5.4B
Cost of Goods Sold	3.9B	3.9B	4.1B	4.0B	3.8B
Gross Profit	2.3B	2.2B	2.3B	2.8B	1.6B
Operating Expenses	2.0B	2.0B	1.8B	1.9B	1.7B
Operating Income	310.0M	246.0M	478.0M	870.0M	-101.0M
Pre-tax Income	221.0M	147.0M	417.0M	843.0M	-106.0M
Income Tax	52.0M	31.0M	79.0M	197.0M	-34.0M
Net Income	169.0M	116.0M	338.0M	646.0M	-72.0M
EPS (Diluted)	$2.05	$1.39	$4.14	$7.18	-$0.79

Income Statement Trend

Victoria's Secret Balance Sheet From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Assets
Current Assets	1.4B	1.5B	1.7B	1.7B	1.2B
Non-Current Assets	3.1B	3.1B	3.0B	2.7B	3.0B
Total Assets	4.5B	4.6B	4.7B	4.3B	4.2B
Liabilities
Current Liabilities	1.4B	1.6B	1.6B	1.7B	1.6B
Non-Current Liabilities	2.5B	2.5B	2.7B	2.4B	1.8B
Total Liabilities	3.9B	4.2B	4.3B	4.1B	3.3B
Equity
Total Shareholders Equity	664.0M	438.0M	401.0M	257.0M	891.0M

Balance Sheet Composition

Victoria's Secret Cash Flow Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Operating Activities
Net Income	169.0M	116.0M	338.0M	646.0M	-72.0M
Operating Cash Flow	399.0M	415.0M	504.0M	732.0M	474.0M
Investing Activities
Capital Expenditures	-	-	-	-	-
Investing Cash Flow	25.0M	2.0M	-391.0M	0	4.0M
Financing Activities
Dividends Paid	-	-	-	-	-
Financing Cash Flow	-320.0M	-294.0M	53.0M	-532.0M	-465.0M
Free Cash Flow	247.0M	133.0M	273.0M	682.0M	547.0M

Cash Flow Trend

Victoria's Secret Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 9.38

Forward P/E 8.74

Price to Book 2.42

Price to Sales 0.25

PEG Ratio 8.74

Profitability Ratios

Profit Margin 2.68%

Operating Margin 1.92%

Return on Equity 31.31%

Return on Assets 4.46%

Financial Health

Current Ratio 1.16

Debt to Equity 419.61

Beta 2.35

Per Share Data

EPS (TTM) $2.08

Book Value per Share $8.06

Revenue per Share $78.54

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
vsco	1.6B	9.38	2.42	31.31%	2.68%	419.61
Tjx Companies	137.3B	28.96	16.15	60.36%	8.48%	153.62
Ross Stores	41.8B	20.20	7.51	39.57%	9.80%	89.95
American Eagle	1.7B	9.90	1.14	12.19%	3.73%	119.87
Carter's	1.1B	6.96	1.34	19.31%	5.80%	132.49
Stitch Fix	503.7M	-3.50	2.51	-27.37%	-4.44%	49.54

Financial data is updated regularly. All figures are in the company's reporting currency.