Victoria's Secret & Co (VSCO) — Free Cash Flow Generation Index

Latest as of January 2026: 0.96x

Victoria's Secret & Co (VSCO) has a Free Cash Flow Generation Index of 0.96x as of January 2026. Free cash flow of $649.00 Million represents 1% of operating cash flow ($673.00 Million). Explore VSCO capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.

FCF Generation Index

0.96x
Free Cash Flow / Operating CF

Free Cash Flow

$649.00 Million
USD

Operating Cash Flow

$673.00 Million
USD

Capital Expenditures

$24.00 Million
USD

Victoria's Secret & Co Free Cash Flow Generation Index (2019–2026)

Historical FCF Generation Index trend for Victoria's Secret & Co across 8 annual periods. For the full cash flow conversion analysis, see VSCO cash generation efficiency.

Annual Free Cash Flow Generation for Victoria's Secret & Co (2019–2026)

Year-by-year Free Cash Flow Generation Index for Victoria's Secret & Co. Check cash flow reinvestment rate of Victoria's Secret & Co to assess the company's total reinvestment commitment from operating cash flow.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2026 0.63x $312.00 Million $499.00 Million $187.00 Million ▲ +7.6%
2025 0.58x $247.00 Million $425.00 Million $178.00 Million ▲ +70.0%
2024 0.34x $133.00 Million $389.00 Million $256.00 Million ▼ -45.3%
2023 0.62x $273.00 Million $437.00 Million $164.00 Million ▼ -22.0%
2022 0.80x $682.00 Million $851.00 Million $169.00 Million ▼ -1.3%
2021 0.81x $547.00 Million $674.00 Million $127.00 Million ▲ +184.1%
2020 0.29x $90.00 Million $315.00 Million $225.00 Million ▼ -44.1%
2019 0.51x $357.00 Million $698.00 Million $341.00 Million
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).