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Gen Digital（GEN）与维多利亚的秘密（VSCO）财务数据对比。点击上方公司名可切换其他公司
维多利亚的秘密的季度营收约是Gen Digital的1.2倍（$1.5B vs $1.2B），Gen Digital净利率更高（15.5% vs -2.5%，领先18.0%），Gen Digital同比增速更快（28.5% vs 9.3%），过去两年Gen Digital的营收复合增速更高（13.2% vs -15.9%）
Gen Digital是一家跨国软件企业，双总部分别设于美国亚利桑那州坦佩和欧盟捷克布拉格，是财富500强企业及标普500指数成分股，同时在纳斯达克与布拉格证券交易所挂牌上市。公司主营网络安全软件、金融科技及相关服务，旗下拥有诺顿、Avast、LifeLock、AVG、CCleaner等多个知名品牌。
维多利亚的秘密是美国知名内衣、服饰及美妆零售商，1977年由斯坦福大学研究生罗伊·雷蒙德与妻子盖伊共同创立，1982年旗下5家内衣门店被莱斯·韦克斯纳收购。韦克斯纳随后快速将门店布局到全美各大购物中心，到90年代初已在全国拥有350家门店，销售额达10亿美元，成为美国最大的内衣零售商。
GEN vs VSCO — 直观对比
营收规模更大
VSCO
是对方的1.2倍
$1.2B
营收增速更快
GEN
高出19.2%
9.3%
净利率更高
GEN
高出18.0%
-2.5%
两年增速更快
GEN
近两年复合增速
-15.9%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $192.0M | $-37.0M |
| 毛利率 | 78.4% | 36.4% |
| 营业利润率 | 34.9% | -1.3% |
| 净利率 | 15.5% | -2.5% |
| 营收同比 | 28.5% | 9.3% |
| 净利润同比 | 6.1% | 33.9% |
| 每股收益（稀释后） | $0.31 | $-0.46 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GENVSCO
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $986.0M | $1.3B | ||
| Q3 24 | $974.0M | $1.4B | ||
| Q2 24 | $965.0M | $1.4B |
净利润GENVSCO
| Q1 26 | $192.0M | — | ||
| Q4 25 | $134.0M | $-37.0M | ||
| Q3 25 | $135.0M | $16.0M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | $142.0M | $193.0M | ||
| Q4 24 | $159.0M | $-56.0M | ||
| Q3 24 | $161.0M | $32.0M | ||
| Q2 24 | $181.0M | $-4.0M |
毛利率GENVSCO
| Q1 26 | 78.4% | — | ||
| Q4 25 | 78.2% | 36.4% | ||
| Q3 25 | 78.8% | 35.6% | ||
| Q2 25 | — | 35.0% | ||
| Q1 25 | 80.3% | 38.6% | ||
| Q4 24 | 80.4% | 34.7% | ||
| Q3 24 | 80.1% | 35.4% | ||
| Q2 24 | 80.3% | 36.9% |
营业利润率GENVSCO
| Q1 26 | 34.9% | — | ||
| Q4 25 | 35.9% | -1.3% | ||
| Q3 25 | 35.5% | 2.8% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | 41.3% | 12.8% | ||
| Q4 24 | 37.9% | -3.5% | ||
| Q3 24 | 41.3% | 4.4% | ||
| Q2 24 | 43.2% | 1.9% |
净利率GENVSCO
| Q1 26 | 15.5% | — | ||
| Q4 25 | 11.0% | -2.5% | ||
| Q3 25 | 10.7% | 1.1% | ||
| Q2 25 | — | -0.1% | ||
| Q1 25 | 14.1% | 9.2% | ||
| Q4 24 | 16.1% | -4.2% | ||
| Q3 24 | 16.5% | 2.3% | ||
| Q2 24 | 18.8% | -0.3% |
每股收益（稀释后）GENVSCO
| Q1 26 | $0.31 | — | ||
| Q4 25 | $0.21 | $-0.46 | ||
| Q3 25 | $0.22 | $0.20 | ||
| Q2 25 | — | $-0.02 | ||
| Q1 25 | $0.22 | $2.41 | ||
| Q4 24 | $0.26 | $-0.71 | ||
| Q3 24 | $0.26 | $0.40 | ||
| Q2 24 | $0.29 | $-0.05 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $249.0M |
| 总债务越低越好 | $8.4B | — |
| 股东权益账面价值 | $2.3B | $653.0M |
| 总资产 | $15.8B | $5.1B |
| 负债/权益比越低杠杆越低 | 3.61× | — |
8季度趋势，按日历期对齐
现金及短期投资GENVSCO
| Q1 26 | — | — | ||
| Q4 25 | — | $249.0M | ||
| Q3 25 | — | $188.0M | ||
| Q2 25 | — | $138.0M | ||
| Q1 25 | $1.0B | $227.0M | ||
| Q4 24 | $883.0M | $161.0M | ||
| Q3 24 | $737.0M | $169.0M | ||
| Q2 24 | $644.0M | $105.0M |
总债务GENVSCO
| Q1 26 | $8.4B | — | ||
| Q4 25 | $8.7B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | $8.5B | — | ||
| Q2 24 | $8.5B | — |
股东权益GENVSCO
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.5B | $653.0M | ||
| Q3 25 | $2.4B | $680.0M | ||
| Q2 25 | — | $645.0M | ||
| Q1 25 | $2.3B | $640.0M | ||
| Q4 24 | $2.2B | $429.0M | ||
| Q3 24 | $2.1B | $472.0M | ||
| Q2 24 | $2.0B | $423.0M |
总资产GENVSCO
| Q1 26 | $15.8B | — | ||
| Q4 25 | $16.1B | $5.1B | ||
| Q3 25 | $16.4B | $4.8B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | $15.5B | $4.5B | ||
| Q4 24 | $15.4B | $4.9B | ||
| Q3 24 | $15.5B | $4.6B | ||
| Q2 24 | $15.4B | $4.4B |
负债/权益比GENVSCO
| Q1 26 | 3.61× | — | ||
| Q4 25 | 3.54× | — | ||
| Q3 25 | 3.75× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.64× | — | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 4.06× | — | ||
| Q2 24 | 4.33× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-180.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-232.0M |
| 自由现金流率自由现金流/营收 | — | -15.8% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $309.0M |
8季度趋势，按日历期对齐
经营现金流GENVSCO
| Q1 26 | — | — | ||
| Q4 25 | $541.0M | $-180.0M | ||
| Q3 25 | $409.0M | $156.0M | ||
| Q2 25 | — | $-150.0M | ||
| Q1 25 | $473.0M | $674.0M | ||
| Q4 24 | $326.0M | $-248.0M | ||
| Q3 24 | $158.0M | $115.0M | ||
| Q2 24 | $264.0M | $-116.0M |
自由现金流GENVSCO
| Q1 26 | — | — | ||
| Q4 25 | $535.0M | $-232.0M | ||
| Q3 25 | $405.0M | $88.0M | ||
| Q2 25 | — | $-193.0M | ||
| Q1 25 | $470.0M | $646.0M | ||
| Q4 24 | $318.0M | $-299.0M | ||
| Q3 24 | $156.0M | $55.0M | ||
| Q2 24 | $262.0M | $-155.0M |
自由现金流率GENVSCO
| Q1 26 | — | — | ||
| Q4 25 | 43.9% | -15.8% | ||
| Q3 25 | 32.2% | 6.0% | ||
| Q2 25 | — | -14.3% | ||
| Q1 25 | 46.5% | 30.7% | ||
| Q4 24 | 32.3% | -22.2% | ||
| Q3 24 | 16.0% | 3.9% | ||
| Q2 24 | 27.2% | -11.4% |
资本支出强度GENVSCO
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 3.5% | ||
| Q3 25 | 0.3% | 4.7% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | 0.3% | 1.3% | ||
| Q4 24 | 0.8% | 3.8% | ||
| Q3 24 | 0.2% | 4.2% | ||
| Q2 24 | 0.2% | 2.9% |
现金转化率GENVSCO
| Q1 26 | — | — | ||
| Q4 25 | 4.04× | — | ||
| Q3 25 | 3.03× | 9.75× | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.33× | 3.49× | ||
| Q4 24 | 2.05× | — | ||
| Q3 24 | 0.98× | 3.59× | ||
| Q2 24 | 1.46× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GEN
| Cyber Safety Platform | $819.0M | 66% |
| Trust Based Solutions | $421.0M | 34% |
| Net Interest Income On Notes Receivable | $4.0M | 0% |
VSCO
| Sales Channel North America Stores | $778.0M | 53% |
| Sales Channel Directly To Consumer | $429.0M | 29% |
| Sales Channel International | $265.0M | 18% |
| Sales Channel Loyalty And Private Label Credit Card | $19.0M | 1% |
