Urban Outfitters
URBN · Apparel Retail
$86.55
2.0%Victoria's Secret
VSXY · Apparel Retail
$90.82
2.7%The short version
- Victoria's Secret is the larger business, with $6.6B of revenue in fiscal 2025 against $6.2B for Urban Outfitters.
- Urban Outfitters grew revenue faster (11.1%, against 5.2%).
- Urban Outfitters kept more of each dollar of sales as operating profit (9.8% operating margin, against 4.1% operating margin).
- Urban Outfitters earned a higher return on the capital invested in it (23.7%, against 17.7%).
- Investors pay more for each dollar of Victoria's Secret’s earnings: a P/E of 20.2x against 13.5x for Urban Outfitters.
| Latest fiscal year | URBN · FY26 | VSXY · FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.5B | $7.6B |
| Revenue | $6.2B | $6.6B |
| Free cash flow | $315M | $312M |
| Net income | $465M | $161M |
| Growth | ||
| Revenue growth | 11.1% | 5.2% |
| 5-year growth | 12.3% | 3.9% |
| Share count change | −2.8% | 2.5% |
| Profitability | ||
| Gross margin | 36.0% | 36.4% |
| Operating margin | 9.8% | 4.1% |
| Net margin | 7.5% | 2.5% |
| FCF margin | 5.1% | 4.8% |
| Return on capital | 23.7% | 17.7% |
| Return on equity | 17.6% | 21.5% |
| Balance sheet | ||
| Net debt | −$696M | $457M |
| Net debt / EBITDA | −1.0x | 0.9x |
| Dividends and buybacks | $154M | $0.0M |
| Valuation & quality | ||
| P/E | 13.5x | 20.2x |
| Piotroski F-score | 8 | 6 |
FY17
URBN $3.5B
VSXY —
FY18
URBN $3.6B
VSXY —
FY19
URBN $4.0B
VSXY $7.5B
FY20
URBN $4.0B
VSXY $5.4B
FY21
URBN $3.4B
VSXY $6.8B
FY22
URBN $4.5B
VSXY $6.3B
FY23
URBN $4.8B
VSXY $6.2B
FY24
URBN $5.2B
VSXY $6.2B
FY25
URBN $5.6B
VSXY $6.6B
FY26
URBN $6.2B
VSXY —
URBN
VSXY
FY17
URBN 9.6%
VSXY —
FY18
URBN 7.2%
VSXY —
FY19
URBN 9.7%
VSXY −11.9%
FY20
URBN 5.8%
VSXY −1.9%
FY21
URBN 0.1%
VSXY 12.8%
FY22
URBN 9.0%
VSXY 7.5%
FY23
URBN 4.7%
VSXY 4.0%
FY24
URBN 7.2%
VSXY 5.0%
FY25
URBN 8.5%
VSXY 4.1%
FY26
URBN 9.8%
VSXY —
URBN
VSXY
FY17
URBN $272M
VSXY —
FY18
URBN $219M
VSXY —
FY19
URBN $332M
VSXY $90.0M
FY20
URBN $56.5M
VSXY $547M
FY21
URBN $127M
VSXY $682M
FY22
URBN $96.9M
VSXY $273M
FY23
URBN −$56.8M
VSXY $133M
FY24
URBN $310M
VSXY $247M
FY25
URBN $320M
VSXY $312M
FY26
URBN $315M
VSXY —
URBN
VSXY
FY17
URBN 22.8%
VSXY —
FY18
URBN 14.4%
VSXY —
FY19
URBN 34.6%
VSXY —
FY20
URBN 17.4%
VSXY —
FY21
URBN 0.2%
VSXY 95.1%
FY22
URBN 28.4%
VSXY 38.8%
FY23
URBN 12.1%
VSXY 15.3%
FY24
URBN 18.2%
VSXY 17.5%
FY25
URBN 21.7%
VSXY 17.7%
FY26
URBN 23.7%
VSXY —
URBN
VSXY
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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.