Stocktoria

Victory Capital Holdings, Inc. VCTR

Nasdaq · stock · Investment Advice · website · IPO 2018-02-08 · LEI

Victory Capital Holdings, Inc. statistics & valuation

Market cap$5.5B
P / E16.5×
P / S4.2×
P / B2.3×
P / FCF14.3×
Dividend yield2.87%
Net margin25.3%
Return on equity13.6%
FCF margin29.2%
Net debt$806.3M
Net debt / EBITDA1.5×
Enterprise value USD$6.3B
EV / EBITDA11.4×
Earnings yield EBIT/EV7.6%
Graham number -50.2%$57.91

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($57.91); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-2.00% 6.20% 15.40% 15.10% 27.40% 31.30% 32.20% 26.00% 32.30% 25.30% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
8.20% 21.80% 27.70% 26.90% 40.60% 42.00% 46.70% 40.00% 47.80% 36.60% 2016201720182019202020212022202320242025
Return on equity (%)
-1.80% 11.20% 14.00% 17.20% 30.00% 29.90% 25.90% 20.20% 25.80% 13.60% 2016201720182019202020212022202320242025
Shares outstanding
54.8M 59.6M 70.5M 73.5M 73.7M 74.2M 72.3M 68.2M 65.9M 66.4M 2016201720182019202020212022202320242025
Net debt ($)
$402.1M $470.3M $217.4M $887.4M $746.3M $1.06B $947.3M $865.7M $837.1M $806.3M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-0.70% 3.30% 7.90% 5.30% 12.30% 10.80% 10.80% 8.40% 11.30% 7.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
12.90% 22.00% 31.90% 36.30% 31.30% 40.80% 38.60% 39.60% 37.90% 29.20% 2016201720182019202020212022202320242025
Debt / equity (×)
1.26× 2.09× 0.59× 1.72× 1.09× 1.21× 0.93× 0.94× 0.86× 0.40× 2016201720182019202020212022202320242025
EPS ($)
-$0.12 $0.43 $0.90 $1.26 $2.88 $3.75 $3.81 $3.12 $4.38 $4.08 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Victory Capital Holdings, Inc. trades at about 28.5× earnings — above its 10-year norm (10-year range 7.4×–17.3×, median 12.1×).

7.4× 28.5×

Shaded band = 10-year range (7.4×–17.3×); dot = today's 28.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin36.6%47.8%40.0%46.7%42.0%40.6%26.9%27.7%21.8%8.2%
Net margin25.3%32.3%26.0%32.2%31.3%27.4%15.1%15.4%6.2%-2.0%
FCF margin29.2%37.9%39.6%38.6%40.8%31.3%36.3%31.9%22.0%12.9%
Return on assets7.8%11.3%8.4%10.8%10.8%12.3%5.3%7.9%3.3%-0.7%
Return on equity13.6%25.8%20.2%25.9%29.9%30.0%17.2%14.0%11.2%-1.8%
Debt / equity0.40×0.86×0.94×0.93×1.21×1.09×1.72×0.59×2.09×1.26×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.