Victoria's Secret reported a gross margin of 47.11% and a net margin of 11.67% for the quarter ended Aug 2026. These financial ratios cover 25 quarters of results from Aug 2020 through Aug 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Aug2020 | Oct2020 | Jan2021 | May2021 | Jul2021 | Oct2021 | Jan2022 | Apr2022 | Jul2022 | Oct2022 | Jan2023 | Apr2023 | Jul2023 | Oct2023 | Feb2024 | May2024 | Aug2024 | Nov2024 | Feb2025 | May2025 | Aug2025 | Nov2025 | Jan2026 | May2026 | Aug2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||
| Gross Margin | 39.21% | 39.20% | 35.18% | 35.17% | 34.67% | 36.81% | 35.68% | 34.13% | 33.75% | 39.65% | 36.87% | 35.36% | 34.74% | 38.60% | 35.03% | 35.57% | 36.41% | 37.68% | 37.50% | 47.11% | |||||
| EBT Margin | 6.73% | 14.80% | 5.26% | 5.46% | 2.28% | 11.18% | 0.43% | 0.14% | -7.35% | 11.14% | 0.37% | 2.89% | -5.20% | 11.59% | 0.44% | 1.64% | -2.51% | 9.48% | 4.10% | 15.39% | |||||
| EBIT Margin | 7.49% | 15.30% | 6.33% | 6.44% | 3.26% | 12.07% | 1.99% | 1.82% | -5.30% | 12.43% | 1.91% | 4.38% | -3.49% | 12.73% | 1.48% | 2.81% | -1.29% | 10.09% | 4.87% | 15.95% | |||||
| EBITDA Margin | 7.49% | 15.30% | 6.33% | 6.44% | 3.26% | 12.07% | 1.99% | 1.82% | -5.30% | 12.43% | 1.91% | 4.38% | -3.49% | 12.73% | 1.48% | 2.81% | -1.29% | 10.09% | 4.87% | 15.95% | |||||
| Operating Margin | 7.49% | 15.30% | 6.33% | 6.44% | 3.26% | 12.07% | 1.99% | 1.82% | -5.30% | 12.43% | 1.91% | 4.38% | -3.49% | 12.73% | 1.48% | 2.81% | -1.29% | 10.09% | 4.87% | 15.95% | |||||
| Net Margin | 5.20% | 11.26% | 5.12% | 4.40% | 1.67% | 8.51% | 0.28% | -0.07% | -5.61% | 8.83% | -0.22% | 2.26% | -4.08% | 9.21% | 0.22% | 1.23% | -2.11% | 8.81% | 3.65% | 11.67% | |||||
| FCF Margin | -4.30% | 19.35% | -11.25% | 3.81% | -22.38% | 33.50% | -11.58% | -20.63% | 26.74% | -11.41% | 3.88% | -22.20% | 30.67% | -14.26% | 6.03% | -15.76% | 28.60% | -12.24% | 20.36% | ||||||
| Efficiency | |||||||||||||||||||||||||
| Inventory AverageInventory Avg. | 882.00M | 984.00M | 997.50M | 1,066.00M | 1,164.00M | 1,147.00M | 1,046.50M | 1,040.50M | 1,125.50M | 1,098.00M | 986.00M | 1,003.00M | 1,154.50M | 1,122.50M | 999.00M | 1,050.50M | 1,217.50M | 1,224.00M | 1,084.50M | 1,122.00M | |||||
| Assets AverageAssets Avg. | 4,513.50M | 4,356.50M | 4,204.50M | 4,068.50M | 4,107.00M | 4,426.50M | 4,558.00M | 4,465.00M | 4,606.00M | 4,643.50M | 4,492.00M | 4,509.50M | 4,778.00M | 4,726.50M | 4,556.00M | 4,667.50M | 4,944.50M | 5,073.50M | 4,891.50M | 4,962.50M | |||||
| Equity AverageEquity Avg. | 568.00M | 254.50M | 254.00M | 260.00M | 260.50M | 326.50M | 344.00M | 293.50M | 269.00M | 338.00M | 441.50M | 469.50M | 473.50M | 558.50M | 668.50M | 691.50M | 699.50M | 799.50M | 877.50M | 948.00M | |||||
| Invested CapitalInvested Cap. | 256.00M | 261.00M | 255.00M | 273.00M | 256.00M | 405.00M | 291.00M | 304.00M | 242.00M | 442.00M | 449.00M | 498.00M | 457.00M | 668.00M | 677.00M | 714.00M | 693.00M | 914.00M | 849.00M | 1,055.00M | |||||
| Asset Utilization RatioAsset Util. | 1.49 | 1.56 | 1.60 | 1.63 | 1.58 | 1.43 | 1.37 | 1.38 | 1.33 | 1.33 | 1.37 | 1.36 | 1.30 | 1.32 | 1.37 | 1.34 | 1.29 | 1.29 | 1.38 | 1.39 | |||||
| Leverage & Solvency | |||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 9.00 | 30.27 | 7.83 | 7.54 | 2.87 | 12.84 | 1.27 | 1.08 | -2.58 | 9.59 | 1.18 | 2.95 | -2.14 | 13.40 | 1.18 | 2.28 | -1.06 | 13.47 | 5.07 | 17.13 | |||||
| Debt Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Times Interest Earned | 9.00 | 30.27 | 7.83 | 7.54 | 2.87 | 12.84 | 1.27 | 1.08 | -2.58 | 9.59 | 1.18 | 2.95 | -2.14 | 13.40 | 1.18 | 2.28 | -1.06 | 13.47 | 5.07 | 17.13 | |||||
| Dividends & Payouts | |||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | 8.14 | ||||||||||||||||||||||||
| Dividend YieldDiv. Yield | 0.10% | ||||||||||||||||||||||||
| Payout Ratio | 0.02 | ||||||||||||||||||||||||
| Valuation | |||||||||||||||||||||||||
| Price to EarningsP/E | 6.58 | 7.69 | 7.15 | 6.55 | 7.62 | 9.63 | 9.13 | 7.88 | 13.71 | 18.17 | 12.56 | 8.88 | 15.76 | 16.88 | 9.01 | 9.36 | 15.33 | 22.95 | 16.95 | 17.15 | |||||
| Price to SalesP/S | 0.67 | 0.73 | 0.58 | 0.46 | 0.48 | 0.51 | 0.39 | 0.25 | 0.23 | 0.34 | 0.22 | 0.21 | 0.40 | 0.46 | 0.25 | 0.24 | 0.44 | 0.67 | 0.61 | 1.03 | |||||
| Price to BookP/B | 17.82 | 19.29 | 15.58 | 11.27 | 12.40 | 8.09 | 8.43 | 5.18 | 5.99 | 4.81 | 3.08 | 2.55 | 5.50 | 4.27 | 2.33 | 2.11 | 4.09 | 4.79 | 4.90 | 6.76 | |||||
| Enterprise Value | 4,160.83M | 4,468.19M | 3,730.96M | 2,851.72M | 3,015.98M | 2,836.30M | 2,308.78M | 1,443.09M | 1,320.04M | 1,858.56M | 1,285.90M | 1,114.26M | 2,352.29M | 2,633.08M | 1,457.20M | 1,339.60M | 2,607.00M | 3,896.80M | 3,984.44M | 6,639.00M | |||||
| EV to EBIT | 4.50 | 5.14 | 5.06 | 4.51 | 5.31 | 5.92 | 5.59 | 4.23 | 5.71 | 7.56 | 5.27 | 3.98 | 7.84 | 8.52 | 4.81 | 4.75 | 8.41 | 14.38 | 12.18 | 12.23 | |||||
| EV to EBITDA | 4.50 | 5.14 | 5.06 | 4.51 | 5.31 | 5.92 | 5.59 | 4.23 | 5.71 | 7.56 | 5.27 | 3.98 | 7.84 | 8.52 | 4.81 | 4.75 | 8.41 | 14.38 | 12.18 | 12.23 | |||||
| Market Capitalization | 4,491.83M | 4,958.19M | 3,910.96M | 3,030.72M | 3,124.98M | 3,245.30M | 2,418.78M | 1,553.09M | 1,426.04M | 2,107.56M | 1,368.90M | 1,261.26M | 2,489.29M | 2,836.08M | 1,567.20M | 1,497.60M | 2,820.00M | 4,360.80M | 4,136.44M | 7,100.00M | |||||
| Price to FCFP/FCF | 5.24 | 7.27 | 9.05 | 12.12 | 183.82 | 11.89 | 8.73 | 7.09 | 5.64 | 15.85 | 9.71 | 6.44 | 15.76 | 11.48 | 7.50 | 6.19 | 9.13 | 13.98 | 13.17 | 12.82 | |||||
| EV to FCF | 4.85 | 6.55 | 8.64 | 11.41 | 177.41 | 10.39 | 8.33 | 6.59 | 5.22 | 13.97 | 9.12 | 5.69 | 14.89 | 10.66 | 6.97 | 5.54 | 8.44 | 12.49 | 12.69 | 11.98 | |||||
| EV to CFO | 4.20 | 5.25 | 6.19 | 6.94 | 15.55 | 6.49 | 4.86 | 3.08 | 2.56 | 4.78 | 3.38 | 2.74 | 6.92 | 6.20 | 3.73 | 3.10 | 5.21 | 7.81 | 7.78 | 8.76 | |||||
| Return Ratios | |||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 7.49% | 15.30% | 6.33% | 6.44% | 3.26% | 12.07% | 1.99% | 1.82% | -5.30% | 12.43% | 1.91% | 4.38% | -3.49% | 12.73% | 1.48% | 2.81% | -1.29% | 10.09% | 4.87% | 15.95% | |||||
| Return on Capital Employed [ROCE]ROCE | 31.73% | 32.73% | 26.80% | 24.13% | 20.47% | 16.82% | 12.95% | 11.15% | 7.13% | 8.12% | 7.98% | 9.29% | 9.23% | 9.22% | 9.18% | 8.49% | 8.98% | 7.60% | 9.07% | 15.43% | |||||
| Return on Invested Capital [ROIC]ROIC | 80.08% | 257.51% | 224.81% | 191.40% | 171.63% | 117.13% | 91.16% | 85.53% | 62.41% | 56.76% | 40.89% | 45.39% | 47.72% | 41.95% | 35.47% | 31.80% | 34.21% | 30.81% | 34.03% | 48.19% | |||||
| Return on Assets [ROA]ROA | 15.13% | 14.81% | 13.01% | 11.38% | 9.98% | 7.61% | 5.81% | 4.41% | 2.26% | 2.50% | 2.43% | 3.15% | 3.31% | 3.55% | 3.82% | 3.43% | 3.72% | 3.74% | 4.99% | 8.34% | |||||
| Return on Equity [ROE]ROE | 120.25% | 253.44% | 215.35% | 178.08% | 157.39% | 103.22% | 77.03% | 67.12% | 38.66% | 34.32% | 24.69% | 30.24% | 33.37% | 30.08% | 26.03% | 23.14% | 26.30% | 23.76% | 27.81% | 43.67% |