Abercrombie & Fitch vs Victoria's Secret &
Victoria's Secret & is the larger business, with $6.55bn of revenue in fiscal 2026 against $5.27bn for Abercrombie & Fitch (1.2 times as much). Abercrombie & Fitch grew faster (6.4% against 5.2%). Abercrombie & Fitch kept more of each dollar of sales as profit: a net margin of 9.6% against 2.5%.
| Latest fiscal year | Abercrombie & FitchANF, 2026 | Victoria's Secret &VSXY, 2026 |
|---|---|---|
| Revenue | $5.27bn | $6.55bn |
| Revenue growth | 6.4% | 5.2% |
| Net income | $507m | $161m |
| Operating margin | — | 4.1% |
| Net margin | 9.6% | 2.5% |
| Return on equity | 37.0% | 21.5% |
| Free cash flow | $378m | $312m |
| Cash | $760m | $518m |
| Total debt | — | $975m |
| Debt to equity | — | 113.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $451m | $0 |
| Employees | — | 33,000 |
| Market value | $6.92bn | $8.04bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 50 (Moderate) | 52 (Moderate) |
| Insider trades, 12 months | 0 buys, 29 sales | 3 buys, 10 sales |