Ross Stores vs Victoria's Secret
Add, change or remove companies; up to four.
The short version
- Ross Stores is the larger business, with $22.8B of revenue in fiscal 2025 against $6.6B for Victoria's Secret, about 3.5 times as much.
- Ross Stores grew revenue faster (7.7%, against 5.2%).
- Ross Stores kept more of each dollar of sales as operating profit (11.9% operating margin, against 4.1%).
- Ross Stores turned more of its sales into free cash flow (9.7% FCF margin, against 4.8%).
- Ross Stores earned a higher return on the capital invested in it (67.0%, against 17.7%).
- Investors pay more for each dollar of Ross Stores’s earnings: a P/E of 27.8x against 20.2x for Victoria's Secret.
| Latest fiscal year | ROST · FY25 | VSXY · FY25 |
|---|---|---|
| Size | ||
| Market cap | $73.2B | $7.6B |
| Revenue | $22.8B | $6.6B |
| Free cash flow | $2.2B | $312M |
| Net income | $2.1B | $161M |
| Growth | ||
| Revenue growth | 7.7% | 5.2% |
| 5-year growth | 12.7% | 3.9% |
| Share count change | −2.0% | 2.5% |
| Profitability | ||
| Gross margin | 27.7% | 36.4% |
| Operating margin | 11.9% | 4.1% |
| Net margin | 9.4% | 2.5% |
| FCF margin | 9.7% | 4.8% |
| Return on capital | 67.0% | 17.7% |
| Return on equity | 36.7% | 21.5% |
| Balance sheet | ||
| Net debt | −$3.1B | $457M |
| Net debt / EBITDA | −1.0x | 0.9x |
| Dividends and buybacks | $1.6B | $0.0M |
| Valuation & quality | ||
| P/E | 27.8x | 20.2x |
| Piotroski F-score | 6 | 6 |
FY16
ROST $12.9B
VSXY —
FY17
ROST $14.1B
VSXY —
FY18
ROST $15.0B
VSXY —
FY19
ROST $16.0B
VSXY $7.5B
FY20
ROST $12.5B
VSXY $5.4B
FY21
ROST $18.9B
VSXY $6.8B
FY22
ROST $18.7B
VSXY $6.3B
FY23
ROST $20.4B
VSXY $6.2B
FY24
ROST $21.1B
VSXY $6.2B
FY25
ROST $22.8B
VSXY $6.6B
ROST
VSXY
FY16
ROST —
VSXY —
FY17
ROST —
VSXY —
FY18
ROST —
VSXY —
FY19
ROST —
VSXY −11.9%
FY20
ROST —
VSXY −1.9%
FY21
ROST —
VSXY 12.8%
FY22
ROST 10.7%
VSXY 7.5%
FY23
ROST 11.3%
VSXY 4.0%
FY24
ROST 12.2%
VSXY 5.0%
FY25
ROST 11.9%
VSXY 4.1%
ROST
VSXY
FY16
ROST $1.3B
VSXY —
FY17
ROST $1.3B
VSXY —
FY18
ROST $1.7B
VSXY —
FY19
ROST $1.6B
VSXY $90.0M
FY20
ROST $1.8B
VSXY $547M
FY21
ROST $1.2B
VSXY $682M
FY22
ROST $1.0B
VSXY $273M
FY23
ROST $1.8B
VSXY $133M
FY24
ROST $1.6B
VSXY $247M
FY25
ROST $2.2B
VSXY $312M
ROST
VSXY
FY16
ROST 54.6%
VSXY —
FY17
ROST 65.7%
VSXY —
FY18
ROST 73.4%
VSXY —
FY19
ROST 73.8%
VSXY —
FY20
ROST 8.7%
VSXY —
FY21
ROST —
VSXY 95.1%
FY22
ROST 80.1%
VSXY 38.8%
FY23
ROST 75.2%
VSXY 15.3%
FY24
ROST 71.9%
VSXY 17.5%
FY25
ROST 67.0%
VSXY 17.7%
ROST
VSXY
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.