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Side-by-side financial comparison of Construction Partners, Inc. (ROAD) and Victoria's Secret & Co. (VSCO). Click either name above to swap in a different company.

Victoria's Secret & Co. is the larger business by last-quarter revenue ($1.5B vs $809.5M, roughly 1.8× Construction Partners, Inc.). Construction Partners, Inc. runs the higher net margin — 2.1% vs -2.5%, a 4.6% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 9.3%). Construction Partners, Inc. produced more free cash flow last quarter ($47.1M vs $-232.0M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs -15.9%).

Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.

Victoria's Secret is an American lingerie, clothing and beauty retailer. Founded in 1977 by Stanford graduate student Roy Raymond and his wife Gaye, the company's five lingerie stores were sold to Les Wexner in 1982. Wexner rapidly expanded into American shopping malls, expanding the company into 350 stores nationally with sales of $1 billion by the early 1990s, when Victoria's Secret became the largest lingerie retailer in the United States.

ROAD vs VSCO — Head-to-Head

Bigger by revenue
VSCO
VSCO
1.8× larger
VSCO
$1.5B
$809.5M
ROAD
Growing faster (revenue YoY)
ROAD
ROAD
+34.9% gap
ROAD
44.1%
9.3%
VSCO
Higher net margin
ROAD
ROAD
4.6% more per $
ROAD
2.1%
-2.5%
VSCO
More free cash flow
ROAD
ROAD
$279.1M more FCF
ROAD
$47.1M
$-232.0M
VSCO
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
47.6%
-15.9%
VSCO

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
ROAD
ROAD
VSCO
VSCO
Revenue
$809.5M
$1.5B
Net Profit
$17.2M
$-37.0M
Gross Margin
15.0%
36.4%
Operating Margin
6.2%
-1.3%
Net Margin
2.1%
-2.5%
Revenue YoY
44.1%
9.3%
Net Profit YoY
663.9%
33.9%
EPS (diluted)
$0.31
$-0.46

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ROAD
ROAD
VSCO
VSCO
Q4 25
$809.5M
$1.5B
Q3 25
$899.8M
$1.5B
Q2 25
$779.3M
$1.4B
Q1 25
$571.6M
$2.1B
Q4 24
$561.6M
$1.3B
Q3 24
$538.2M
$1.4B
Q2 24
$517.8M
$1.4B
Q1 24
$371.4M
$2.1B
Net Profit
ROAD
ROAD
VSCO
VSCO
Q4 25
$17.2M
$-37.0M
Q3 25
$56.6M
$16.0M
Q2 25
$44.0M
$-2.0M
Q1 25
$4.2M
$193.0M
Q4 24
$-3.1M
$-56.0M
Q3 24
$29.3M
$32.0M
Q2 24
$30.9M
$-4.0M
Q1 24
$-1.1M
$180.0M
Gross Margin
ROAD
ROAD
VSCO
VSCO
Q4 25
15.0%
36.4%
Q3 25
17.7%
35.6%
Q2 25
16.9%
35.0%
Q1 25
12.5%
38.6%
Q4 24
13.6%
34.7%
Q3 24
15.6%
35.4%
Q2 24
16.1%
36.9%
Q1 24
10.4%
39.7%
Operating Margin
ROAD
ROAD
VSCO
VSCO
Q4 25
6.2%
-1.3%
Q3 25
11.2%
2.8%
Q2 25
10.6%
1.5%
Q1 25
4.8%
12.8%
Q4 24
2.5%
-3.5%
Q3 24
8.5%
4.4%
Q2 24
8.8%
1.9%
Q1 24
0.8%
12.4%
Net Margin
ROAD
ROAD
VSCO
VSCO
Q4 25
2.1%
-2.5%
Q3 25
6.3%
1.1%
Q2 25
5.7%
-0.1%
Q1 25
0.7%
9.2%
Q4 24
-0.5%
-4.2%
Q3 24
5.4%
2.3%
Q2 24
6.0%
-0.3%
Q1 24
-0.3%
8.6%
EPS (diluted)
ROAD
ROAD
VSCO
VSCO
Q4 25
$0.31
$-0.46
Q3 25
$1.03
$0.20
Q2 25
$0.79
$-0.02
Q1 25
$0.08
$2.41
Q4 24
$-0.06
$-0.71
Q3 24
$0.55
$0.40
Q2 24
$0.59
$-0.05
Q1 24
$-0.02
$2.32

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ROAD
ROAD
VSCO
VSCO
Cash + ST InvestmentsLiquidity on hand
$104.1M
$249.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$969.1M
$653.0M
Total Assets
$3.4B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ROAD
ROAD
VSCO
VSCO
Q4 25
$104.1M
$249.0M
Q3 25
$156.1M
$188.0M
Q2 25
$114.3M
$138.0M
Q1 25
$101.9M
$227.0M
Q4 24
$132.5M
$161.0M
Q3 24
$74.7M
$169.0M
Q2 24
$56.3M
$105.0M
Q1 24
$48.0M
$270.0M
Total Debt
ROAD
ROAD
VSCO
VSCO
Q4 25
Q3 25
$1.6B
Q2 25
Q1 25
Q4 24
Q3 24
$515.0M
Q2 24
Q1 24
Stockholders' Equity
ROAD
ROAD
VSCO
VSCO
Q4 25
$969.1M
$653.0M
Q3 25
$912.0M
$680.0M
Q2 25
$853.3M
$645.0M
Q1 25
$807.9M
$640.0M
Q4 24
$811.1M
$429.0M
Q3 24
$573.7M
$472.0M
Q2 24
$552.9M
$423.0M
Q1 24
$525.0M
$417.0M
Total Assets
ROAD
ROAD
VSCO
VSCO
Q4 25
$3.4B
$5.1B
Q3 25
$3.2B
$4.8B
Q2 25
$2.9B
$4.6B
Q1 25
$2.8B
$4.5B
Q4 24
$2.6B
$4.9B
Q3 24
$1.5B
$4.6B
Q2 24
$1.4B
$4.4B
Q1 24
$1.3B
$4.6B
Debt / Equity
ROAD
ROAD
VSCO
VSCO
Q4 25
Q3 25
1.78×
Q2 25
Q1 25
Q4 24
Q3 24
0.90×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ROAD
ROAD
VSCO
VSCO
Operating Cash FlowLast quarter
$82.6M
$-180.0M
Free Cash FlowOCF − Capex
$47.1M
$-232.0M
FCF MarginFCF / Revenue
5.8%
-15.8%
Capex IntensityCapex / Revenue
4.4%
3.5%
Cash ConversionOCF / Net Profit
4.80×
TTM Free Cash FlowTrailing 4 quarters
$186.6M
$309.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ROAD
ROAD
VSCO
VSCO
Q4 25
$82.6M
$-180.0M
Q3 25
$112.0M
$156.0M
Q2 25
$83.0M
$-150.0M
Q1 25
$55.6M
$674.0M
Q4 24
$40.7M
$-248.0M
Q3 24
$95.9M
$115.0M
Q2 24
$34.6M
$-116.0M
Q1 24
$18.2M
$589.0M
Free Cash Flow
ROAD
ROAD
VSCO
VSCO
Q4 25
$47.1M
$-232.0M
Q3 25
$78.9M
$88.0M
Q2 25
$46.4M
$-193.0M
Q1 25
$14.2M
$646.0M
Q4 24
$13.8M
$-299.0M
Q3 24
$78.4M
$55.0M
Q2 24
$19.7M
$-155.0M
Q1 24
$-10.6M
$557.0M
FCF Margin
ROAD
ROAD
VSCO
VSCO
Q4 25
5.8%
-15.8%
Q3 25
8.8%
6.0%
Q2 25
5.9%
-14.3%
Q1 25
2.5%
30.7%
Q4 24
2.5%
-22.2%
Q3 24
14.6%
3.9%
Q2 24
3.8%
-11.4%
Q1 24
-2.8%
26.7%
Capex Intensity
ROAD
ROAD
VSCO
VSCO
Q4 25
4.4%
3.5%
Q3 25
3.7%
4.7%
Q2 25
4.7%
3.2%
Q1 25
7.2%
1.3%
Q4 24
4.8%
3.8%
Q3 24
3.3%
4.2%
Q2 24
2.9%
2.9%
Q1 24
7.7%
1.5%
Cash Conversion
ROAD
ROAD
VSCO
VSCO
Q4 25
4.80×
Q3 25
1.98×
9.75×
Q2 25
1.88×
Q1 25
13.20×
3.49×
Q4 24
Q3 24
3.27×
3.59×
Q2 24
1.12×
Q1 24
3.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ROAD
ROAD

Segment breakdown not available.

VSCO
VSCO

Sales Channel North America Stores$778.0M53%
Sales Channel Directly To Consumer$429.0M29%
Sales Channel International$265.0M18%
Sales Channel Loyalty And Private Label Credit Card$19.0M1%

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