The Filing Desk

American Eagle Outfitters vs Victoria's Secret

American Eagle Outfitters AEO · Victoria's Secret VSXY · Apparel Retail

Victoria's Secret reported revenue of $6.6 billion in fiscal 2025, 1.2 times American Eagle Outfitters' $5.5 billion in fiscal 2025. American Eagle Outfitters' revenue grew 4.1% in its latest year, and Victoria's Secret's grew 5.2%. American Eagle Outfitters had an operating margin of 4.1%, against 4.1% at Victoria's Secret. Free cash flow was $195 million at American Eagle Outfitters and $312 million at Victoria's Secret.

Side by side

American Eagle OutfittersVictoria's Secret
Latest fiscal yearFY2025, Jan 31, 2026FY2025, Jan 31, 2026
Revenue$5.5B$6.6B
Revenue growth4.1%5.2%
Revenue growth a year, last 5 years8.1%3.9%
Gross margin36.5%36.4%
Operating margin4.1%4.1%
Net margin3.5%2.5%
Free cash flow$195M$312M
Free cash flow margin3.5%4.8%
Return on capital11.5%17.7%
Net debt to EBITDA−0.4x0.9x
Dividends and buybacks$142M$0M
Change in diluted share count−10.3%2.5%
Last close$18.81$94.96
P/E at the last close9.6×21.1×
Insider trades, last 12 monthssold $39.1 millionbought $322,604, sold $212.4 million
Piotroski F-score4 of 96 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
American Eagle OutfittersVictoria's Secret
Operating margin
Percent of revenue
American Eagle OutfittersVictoria's Secret
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
American Eagle OutfittersVictoria's Secret

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the American Eagle Outfitters and Victoria's Secret pages.