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OneMain Holdings, Inc.（OMF）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OneMain Holdings, Inc.的1.3倍（$1.5B vs $1.1B），OneMain Holdings, Inc.净利率更高（18.7% vs -2.5%，领先21.2%），维多利亚的秘密同比增速更快（9.3% vs 8.3%），过去两年OneMain Holdings, Inc.的营收复合增速更高（10.4% vs -15.9%）
OneMain Holdings, Inc.是一家美国金融服务控股企业，总部位于印第安纳州埃文斯维尔，在全美多地设有核心办事机构。公司全资持有OneMain金融公司及其子公司，以OneMain Financial为品牌经营消费金融与保险业务，主要面向难以从银行等传统贷款机构获得服务的客户提供个人贷款及可选保险产品。
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。
OMF vs VSCO — 直观对比
营收规模更大
VSCO
是对方的1.3倍
$1.1B
营收增速更快
VSCO
高出1.0%
8.3%
净利率更高
OMF
高出21.2%
-2.5%
两年增速更快
OMF
近两年复合增速
-15.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.5B |
| 净利润 | $204.0M | $-37.0M |
| 毛利率 | — | 36.4% |
| 营业利润率 | 22.8% | -1.3% |
| 净利率 | 18.7% | -2.5% |
| 营收同比 | 8.3% | 9.3% |
| 净利润同比 | 61.9% | 33.9% |
| 每股收益（稀释后） | $1.71 | $-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OMFVSCO
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $996.0M | $2.1B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $981.0M | $1.4B | ||
| Q2 24 | $922.0M | $1.4B | ||
| Q1 24 | $896.0M | $2.1B |
净利润OMFVSCO
| Q4 25 | $204.0M | $-37.0M | ||
| Q3 25 | $199.0M | $16.0M | ||
| Q2 25 | $167.0M | $-2.0M | ||
| Q1 25 | $213.0M | $193.0M | ||
| Q4 24 | $126.0M | $-56.0M | ||
| Q3 24 | $157.0M | $32.0M | ||
| Q2 24 | $71.0M | $-4.0M | ||
| Q1 24 | $155.0M | $180.0M |
毛利率OMFVSCO
| Q4 25 | — | 36.4% | ||
| Q3 25 | — | 35.6% | ||
| Q2 25 | — | 35.0% | ||
| Q1 25 | — | 38.6% | ||
| Q4 24 | — | 34.7% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | — | 36.9% | ||
| Q1 24 | — | 39.7% |
营业利润率OMFVSCO
| Q4 25 | 22.8% | -1.3% | ||
| Q3 25 | 24.5% | 2.8% | ||
| Q2 25 | 20.9% | 1.5% | ||
| Q1 25 | 27.6% | 12.8% | ||
| Q4 24 | 16.3% | -3.5% | ||
| Q3 24 | 21.1% | 4.4% | ||
| Q2 24 | 10.0% | 1.9% | ||
| Q1 24 | 22.8% | 12.4% |
净利率OMFVSCO
| Q4 25 | 18.7% | -2.5% | ||
| Q3 25 | 18.6% | 1.1% | ||
| Q2 25 | 16.3% | -0.1% | ||
| Q1 25 | 21.4% | 9.2% | ||
| Q4 24 | 12.5% | -4.2% | ||
| Q3 24 | 16.0% | 2.3% | ||
| Q2 24 | 7.7% | -0.3% | ||
| Q1 24 | 17.3% | 8.6% |
每股收益（稀释后）OMFVSCO
| Q4 25 | $1.71 | $-0.46 | ||
| Q3 25 | $1.67 | $0.20 | ||
| Q2 25 | $1.40 | $-0.02 | ||
| Q1 25 | $1.78 | $2.41 | ||
| Q4 24 | $1.05 | $-0.71 | ||
| Q3 24 | $1.31 | $0.40 | ||
| Q2 24 | $0.59 | $-0.05 | ||
| Q1 24 | $1.29 | $2.32 |
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 | $914.0M | $249.0M |
| 总债务越低越好 | $22.7B | — |
| 股东权益账面价值 | $3.4B | $653.0M |
| 总资产 | $27.4B | $5.1B |
| 负债/权益比越低杠杆越低 | 6.67× | — |
8季度趋势，按日历期对齐
现金及短期投资OMFVSCO
| Q4 25 | $914.0M | $249.0M | ||
| Q3 25 | $658.0M | $188.0M | ||
| Q2 25 | $769.0M | $138.0M | ||
| Q1 25 | $627.0M | $227.0M | ||
| Q4 24 | $458.0M | $161.0M | ||
| Q3 24 | $577.0M | $169.0M | ||
| Q2 24 | $667.0M | $105.0M | ||
| Q1 24 | $831.0M | $270.0M |
总债务OMFVSCO
| Q4 25 | $22.7B | — | ||
| Q3 25 | $22.3B | — | ||
| Q2 25 | $22.1B | — | ||
| Q1 25 | $21.5B | — | ||
| Q4 24 | $21.4B | — | ||
| Q3 24 | $21.1B | — | ||
| Q2 24 | $20.7B | — | ||
| Q1 24 | $19.5B | — |
股东权益OMFVSCO
| Q4 25 | $3.4B | $653.0M | ||
| Q3 25 | $3.4B | $680.0M | ||
| Q2 25 | $3.3B | $645.0M | ||
| Q1 25 | $3.3B | $640.0M | ||
| Q4 24 | $3.2B | $429.0M | ||
| Q3 24 | $3.2B | $472.0M | ||
| Q2 24 | $3.2B | $423.0M | ||
| Q1 24 | $3.2B | $417.0M |
总资产OMFVSCO
| Q4 25 | $27.4B | $5.1B | ||
| Q3 25 | $27.0B | $4.8B | ||
| Q2 25 | $26.6B | $4.6B | ||
| Q1 25 | $26.0B | $4.5B | ||
| Q4 24 | $25.9B | $4.9B | ||
| Q3 24 | $25.6B | $4.6B | ||
| Q2 24 | $25.1B | $4.4B | ||
| Q1 24 | $23.9B | $4.6B |
负债/权益比OMFVSCO
| Q4 25 | 6.67× | — | ||
| Q3 25 | 6.61× | — | ||
| Q2 25 | 6.63× | — | ||
| Q1 25 | 6.55× | — | ||
| Q4 24 | 6.72× | — | ||
| Q3 24 | 6.59× | — | ||
| Q2 24 | 6.56× | — | ||
| Q1 24 | 6.07× | — |
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 | $865.0M | $-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 | 4.24× | — |
| 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OMFVSCO
| Q4 25 | $865.0M | $-180.0M | ||
| Q3 25 | $828.0M | $156.0M | ||
| Q2 25 | $774.0M | $-150.0M | ||
| Q1 25 | $665.0M | $674.0M | ||
| Q4 24 | $752.0M | $-248.0M | ||
| Q3 24 | $677.0M | $115.0M | ||
| Q2 24 | $712.0M | $-116.0M | ||
| Q1 24 | $558.0M | $589.0M |
自由现金流OMFVSCO
| Q4 25 | — | $-232.0M | ||
| Q3 25 | — | $88.0M | ||
| Q2 25 | — | $-193.0M | ||
| Q1 25 | — | $646.0M | ||
| Q4 24 | — | $-299.0M | ||
| Q3 24 | — | $55.0M | ||
| Q2 24 | — | $-155.0M | ||
| Q1 24 | — | $557.0M |
自由现金流率OMFVSCO
| Q4 25 | — | -15.8% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | -14.3% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | -22.2% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | -11.4% | ||
| Q1 24 | — | 26.7% |
资本支出强度OMFVSCO
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 1.5% |
现金转化率OMFVSCO
| Q4 25 | 4.24× | — | ||
| Q3 25 | 4.16× | 9.75× | ||
| Q2 25 | 4.63× | — | ||
| Q1 25 | 3.12× | 3.49× | ||
| Q4 24 | 5.97× | — | ||
| Q3 24 | 4.31× | 3.59× | ||
| Q2 24 | 10.03× | — | ||
| Q1 24 | 3.60× | 3.27× |
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
OMF
暂无分部数据
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% |
