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What this page is: Delvantic's full research page for Victoria's Secret & Co. (VSXY) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
/llms.txt ·
any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Victoria's Secret & Co.
VSXY NYSE
Consumer Cyclical · Apparel Retail
Reynoldsburg, OH 43068, United States
victoriassecretandco.com
Price
$92.08
Market Cap
$7.4B
Employees
30,000
Beta
2.07
Avg Volume
1,581,349
CEO
Ms. Hillary Super
Victoria's Secret & Co. is a specialty retail company focused on lingerie, apparel, and beauty products for women. The company offers a wide range of bras, panties, lingerie, sleepwear, loungewear, and sport-focused apparel, complemented by beauty and personal care items such as fragrances and body care products. Its merchandise is distributed through a combination of branded retail stores, e-commerce platforms, and international partner-operated locations, allowing it to reach consumers in multiple regions and channels. Victoria's Secret & Co. emphasizes product design, fit, and brand-driven marketing to maintain its position in the intimate apparel and beauty segments. Founded in 1963 and headquartered in Reynoldsburg, Ohio, the company today plays a prominent role in the global women’s intimates and lifestyle market, serving a broad customer base seeking fashion-oriented and functional products across everyday wear, athleisure, and beauty categories.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 13 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jun 2, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+153.8%
Aug '25
+54.2%
Dec '25
+9.5%
Mar '26
+87.5%
Jun '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jun 2, 2026 | $0.32 | $0.60 +87.5% | — | — |
| Mar 5, 2026 | $2.53 | $2.77 +9.5% | — | — |
| Dec 5, 2025 | $-0.59 | $-0.27 +54.2% | — | — |
| Aug 28, 2025 | $0.13 | $0.33 +153.8% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Jul 29, 2026 | 4 | View |
| Jul 29, 2026 | SCHEDULE 13D/A | View |
| Jul 24, 2026 | 4 | View |
| Jun 30, 2026 | 4 | View |
| Jun 17, 2026 | 144 | View |
| Jun 15, 2026 | 4 | View |
| Jun 15, 2026 | 4 | View |
| Jun 15, 2026 | 4 | View |
| Jun 15, 2026 | 4 | View |
| Jun 15, 2026 | 4 | View |
| Jun 15, 2026 | 4 | View |
| Jun 15, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 13, 2026 3:02pm (just now)
Current data · timestamped when a report runs
$92.08
Change · Aug 13
-0.94 (-1.01%)
Day Range
$90.42 – $94.40
52-Week Range
$21.23 – $102.46
50-Day MA
$83.38
200-Day MA
$58.90
Volume
57,708.00
Share Structure
Outstanding
79,425,668.00
Float
69,439,992.00
Free Float
87.4%
High free float
— 87.4% of shares trade freely, ~12.6% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
47.71
Stock Price: $92.08
EPS (Diluted): 1.93
EPS (Diluted): 1.93
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
8.40
Stock Price: $92.08
Total Equity: $910.00M
Shares: 83,000,000
Total Equity: $910.00M
Shares: 83,000,000
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
15.55
Market Cap: $7.39B
Total Debt: $975.00M
Cash: $518.00M
EBITDA: $509.00M
Total Debt: $975.00M
Cash: $518.00M
EBITDA: $509.00M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$7.9B
Market Cap: $7.39B
Total Debt: $975.00M
Cash: $518.00M
Total Debt: $975.00M
Cash: $518.00M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
36.4%
Gross Profit: $2.38B
Revenue: $6.55B
Revenue: $6.55B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
4.1%
Operating Income: $271.00M
Revenue: $6.55B
Revenue: $6.55B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
2.5%
Net Income: $161.00M
Revenue: $6.55B
Revenue: $6.55B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
17.7%
Net Income: $161.00M
Total Equity: $910.00M
Total Equity: $910.00M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
18.0%
Operating Income: $271.00M
Tax Rate: 9.1%
Equity: $910.00M
Total Debt: $975.00M
Cash: $518.00M
Tax Rate: 9.1%
Equity: $910.00M
Total Debt: $975.00M
Cash: $518.00M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
1.25
Current Assets: $1.88B
Current Liabilities: $1.51B
Current Liabilities: $1.51B
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
1.07
Short-Term Debt: $4.00M
Long-Term Debt: $971.00M
Total Debt: $975.00M
Total Equity: $910.00M
Long-Term Debt: $971.00M
Total Debt: $975.00M
Total Equity: $910.00M
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$78.95
Revenue: $6.55B
Shares: 83,000,000
Shares: 83,000,000
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$10.96
Total Equity: $910.00M
Shares: 83,000,000
Shares: 83,000,000
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$3.76
Operating CF: $499.00M
CapEx: -$187.00M
Shares: 83,000,000
CapEx: -$187.00M
Shares: 83,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $92.08
Stock Price: $92.08
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $161.00M
Net Income: $161.00M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 9, 2026 10:07pm (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $6.8B | $6.3B | $6.2B | $6.2B | $6.6B |
| Cost of Revenue | $4.0B | $4.1B | $3.9B | $3.9B | $4.2B |
| Gross Profit | $2.8B | $2.3B | $2.2B | $2.3B | $2.4B |
| Operating Expenses | $1.9B | $1.8B | $2.0B | $2.0B | $2.1B |
| Operating Income | $870.0M | $478.0M | $246.0M | $310.0M | $271.0M |
| Net Income | $646.0M | $348.0M | $109.0M | $165.0M | $161.0M |
| EBITDA | $1.2B | $752.0M | $530.0M | $568.0M | $509.0M |
| EPS | $7.34 | $4.24 | $1.41 | $2.11 | $2.00 |
| EPS (Diluted) | $7.18 | $4.14 | $1.39 | $2.05 | $1.93 |
Balance Sheet (Annual)
Last updated: Aug 9, 2026 10:07pm (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $490.0M | $427.0M | $270.0M | $227.0M | $518.0M |
| Total Current Assets | $1.7B | $1.7B | $1.5B | $1.4B | $1.9B |
| Total Assets | $4.3B | $4.7B | $4.6B | $4.5B | $5.0B |
| Current Liabilities | $1.7B | $1.6B | $1.6B | $1.4B | $1.5B |
| Long-Term Debt | $978.0M | $1.3B | $1.1B | $973.0M | $971.0M |
| Total Liabilities | $4.1B | $4.3B | $4.2B | $3.9B | $4.1B |
| Total Equity | $257.0M | $401.0M | $438.0M | $664.0M | $910.0M |
| Retained Earnings | $126.0M | $186.0M | $178.0M | $343.0M | $504.0M |
Cash Flow (Annual)
Last updated: Aug 9, 2026 10:07pm (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $851.0M | $437.0M | $389.0M | $425.0M | $499.0M |
| Capital Expenditure | -$169.0M | -$164.0M | -$256.0M | -$178.0M | -$187.0M |
| Free Cash Flow | $682.0M | $273.0M | $133.0M | $247.0M | $312.0M |
| Acquisitions (net) | $0 | -$369.0M | $1.0M | $0 | $0 |
| Net Debt Issued / (Repaid) | -$1.0M | -$4.0M | -$4.0M | -$4.0M | -$4.0M |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$250.0M | -$250.0M | -$125.0M | $0 | $0 |
| Net Change in Cash | $155.0M | -$63.0M | -$157.0M | -$43.0M | $291.0M |
Growth Trends (YoY %)
Last updated: Aug 9, 2026 10:07pm (3d ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | -6.5% | -2.6% | +0.8% | +5.2% |
| Gross Profit Growth | -18.2% | -0.7% | +1.9% | +4.4% |
| Operating Income Growth | -45.1% | -48.5% | +26.0% | -12.6% |
| Net Income Growth | -46.1% | -68.7% | +51.4% | -2.4% |
| EBITDA Growth | -35.9% | -29.5% | +7.2% | -10.4% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-28 | BBRC INTERNATIONAL PTE LTD | S-Sale | 718,007.00 | $89.08 | $64.0M |
| 2026-07-28 | BBRC INTERNATIONAL PTE LTD | S-Sale | 79,122.00 | $89.76 | $7.1M |
| 2026-07-28 | BBRC INTERNATIONAL PTE LTD | S-Sale | 1,791.00 | $90.60 | $162,265 |
| 2026-07-22 | BBRC INTERNATIONAL PTE LTD | S-Sale | 289,479.00 | $88.89 | $25.7M |
| 2026-06-26 | BBRC INTERNATIONAL PTE LTD | S-Sale | 276,171.00 | $88.50 | $24.4M |
| 2026-06-11 | PETERS LAUREN B | A-Award | 1,706.00 | $0.00 | $0 |
| 2026-06-11 | McCreight David W. | A-Award | 1,706.00 | $0.00 | $0 |
| 2026-06-11 | LITTLE ROD R | A-Award | 1,579.00 | $0.00 | $0 |
| 2026-06-11 | Sheehan Anne | A-Award | 1,706.00 | $0.00 | $0 |
| 2026-06-11 | JAMES DONNA | A-Award | 2,690.00 | $0.00 | $0 |
| 2026-06-11 | Hernandez Jacqueline | A-Award | 1,706.00 | $0.00 | $0 |
| 2026-06-11 | Davis Sarah R. | A-Award | 1,706.00 | $0.00 | $0 |
| 2026-06-11 | Britt Irene Chang | A-Award | 1,738.00 | $0.00 | $0 |
| 2026-06-04 | BBRC INTERNATIONAL PTE LTD | S-Sale | 27,758.00 | $80.03 | $2.2M |
| 2026-06-02 | BBRC INTERNATIONAL PTE LTD | S-Sale | 1,107,672.00 | $80.11 | $88.7M |
| 2026-06-02 | Preis Elizabeth | F-InKind | 5,614.00 | $80.06 | $449,457 |
Industry Benchmarks
Compares VSXY against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
Not applicable for this companies
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
Not applicable for this companies
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
Not applicable for this companies
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for this companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for this companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
Not applicable for this companies
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for VSXY — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for VSXY — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for VSXY — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for VSXY — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.530 · 761561a2 · 2026-08-12 19:06:35