Victory Capital Holdings, Inc. VCTR
- Market cap
- $6.5B
- P/E
- 19.8×
Follow VCTR
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | 7.27 | 9.52 | 10.18 | 15.69 | 22.22 | 26.80 | 32.55 | 47.00 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| — | — | 13.50 | 22.25 | 24.96 | 43.09 | 37.35 | 35.21 | 73.42 | 73.00 |
High Price
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| 276 | 267 | 263 | 358 | 429 | 485 | 512 | 481 | 460 | 699 |
Employees
|
|||
| 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Revenue/Emp
|
|||
| 298 | 410 | 413 | 612 | 775 | 890 | 855 | 821 | 893 | 1,306 |
Revenue
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|||
| 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin
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| (9) | 38 | 85 | 121 | 279 | 351 | 350 | 276 | 374 | 438 |
EBT
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| (3.05%) | 9.39% | 20.54% | 19.71% | 35.92% | 39.39% | 40.95% | 33.61% | 41.83% | 33.56% |
EBT Margin
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| (6) | 26 | 64 | 92 | 213 | 278 | 276 | 213 | 289 | 330 |
Net Income
|
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| 30 | 37 | 23 | 24 | 16 | 19 | 43 | 42 | 30 | 73 |
Depreciation
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| 5.96 | 7.46 | 6.24 | 9.06 | 11.45 | 13.10 | 12.48 | 12.40 | 13.83 | 19.96 |
Revenue/Sh
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| (0.12) | 0.47 | 0.96 | 1.37 | 3.14 | 4.10 | 4.02 | 3.22 | 4.47 | 4.13 |
Earnings/Sh
|
|||
| 0.79 | 1.75 | 2.03 | 3.36 | 3.70 | 5.53 | 4.89 | 4.99 | 5.26 | 5.89 |
Cash Flow/Sh
|
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| (0.02) | (0.04) | (0.04) | (0.08) | (0.12) | (0.19) | (0.08) | (0.08) | (0.02) | (0.06) |
Capex/Sh
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| 0.77 | 1.71 | 1.99 | 3.29 | 3.58 | 5.35 | 4.82 | 4.91 | 5.24 | 5.83 |
Free CF/Sh
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| 6.62 | 4.21 | 6.87 | 7.95 | 10.45 | 13.68 | 15.56 | 15.91 | 17.36 | 37.05 |
Book Value/Sh
|
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| 50 | 55 | 66 | 68 | 68 | 68 | 68 | 66 | 65 | 65 |
Shares
|
|||
| 24.88 | 24.88 | 10.76 | 15.31 | 7.93 | 8.93 | 6.71 | 10.48 | 14.68 | 15.35 |
PE Ratio
|
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| 1.56 | 1.56 | 1.64 | 2.32 | 2.17 | 2.79 | 2.17 | 2.72 | 4.73 | 3.16 |
PS Ratio
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| 2.77 | 2.77 | 1.49 | 2.64 | 2.37 | 2.67 | 1.74 | 2.12 | 3.77 | 1.70 |
PB Ratio
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| 2.71 | 2.71 | 2.16 | 3.76 | 3.13 | 3.98 | 3.27 | 3.78 | 5.67 | 3.78 |
EV/Sales
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| 11.80 | 11.80 | 6.79 | 10.38 | 10.00 | 9.74 | 8.48 | 9.53 | 14.96 | 12.94 |
EV/FCF
|
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| 40 | 96 | 134 | 227 | 251 | 376 | 335 | 330 | 340 | 385 |
Op' Cash Flow
|
|||
| (1) | (2) | (3) | (5) | (8) | (13) | (5) | (5) | (1) | (4) |
Capex
|
|||
| 38 | 94 | 132 | 222 | 243 | 364 | 330 | 325 | 339 | 381 |
FCF
|
|||
| 15 | 13 | 42 | (126) | (65) | (245) | (209) | (112) | (13) | 115 |
Working Cap'
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| 419 | 483 | 269 | 925 | 769 | 1,128 | 986 | 989 | 964 | 970 |
Total Debt
|
|||
| 402 | 470 | 217 | 887 | 746 | 1,058 | 947 | 866 | 837 | 806 |
Net Debt
|
|||
| 331 | 231 | 456 | 538 | 708 | 930 | 1,065 | 1,053 | 1,122 | 2,425 |
Sh' Equity
|
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| (0.83%) | 3.14% | 7.99% | 7.24% | 12.20% | 12.92% | 10.76% | 8.39% | 11.35% | 7.95% |
ROA
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| 2.09% | 8.03% | 10.64% | 7.22% | 13.53% | 11.75% | 12.39% | 10.70% | 13.64% | 9.25% |
ROIC
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| (2.09%) | 9.19% | 18.55% | 18.62% | 34.13% | 34.00% | 27.62% | 20.12% | 26.57% | 15.24% |
ROE
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Victory Capital Holdings, Inc. peers in Asset Management
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| MAAS Maase Inc. - Sponsored ADR | $6.1B | 0.0× | Compare |
| BXSL Blackstone Secured Lending Fund | $5.8B | 19.4× | Compare |
| OBDC Blue Owl Capital Corporation | $5.4B | 19.3× | Compare |
| STEP StepStone Group Inc. | $5.3B | 0.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| MAIN Main Street Capital Corporation | $5.2B | 11.1× | Compare |
| HLNE Hamilton Lane Inc. | $4.7B | 13.0× | Compare |
| OTF Blue Owl Technology Finance Corp. | $4.7B | 12.9× | Compare |
| HASI HA Sustainable Infrastructure Capital, Inc. | $4.7B | 55.1× | Compare |
Victory Capital Holdings, Inc. (VCTR) key facts
- Victory Capital Holdings, Inc. (VCTR) is an Asset Management company in the Financial sector, listed on Nasdaq.
- Victory Capital Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 46.2% from fiscal 2024.
- As of September 25, 2026, VCTR traded at $108.75, a market capitalization of $6.5 billion.
- Victory Capital Holdings, Inc. pays an annual dividend of $1.28 per share, a yield of 3.93%, with a payout ratio of 34.7%.
- Return on equity was 15.2% and debt-to-equity 0.41.
Victory Capital Holdings, Inc. (VCTR) Latest News
17 Sep
Victory Capital Holdings expanded its ETF assets, with questions raised on whether this growth trajectory is becoming more durable amid ongoing market conditions. ETF asset expansion at Victory Capital may moderately boost assets under management and revenue but remains subject to broader market volatility.
27 Aug
Victory Capital Holdings' $7 billion acquisition of First Eagle leaves the company potentially 26% overvalued. The $7 billion First Eagle acquisition introduces major valuation and performance risks for Victory Capital.
26 Aug
Victory Capital Holdings agrees to acquire First Eagle for $7 billion. The $7 billion acquisition of First Eagle constitutes a transformative expansion of Victory Capital's scale and competitive position.
Victory Capital Holdings agrees to acquire First Eagle in a $7 billion deal. The $7 billion acquisition of First Eagle marks a transformative expansion of Victory Capital's scale and competitive position.
Victory Capital Holdings, Inc. struck a $7B deal to acquire First Eagle and targets $571B in client assets. The $7 billion acquisition of First Eagle enables Victory Capital to target $571 billion in client assets and fundamentally expands its scale.
Victory Capital Holdings agrees to acquire First Eagle in a $7 billion transaction. The $7 billion acquisition of First Eagle will fundamentally expand Victory Capital's assets under management and competitive position.
Victory Capital Holdings agrees to acquire First Eagle Investments for $7 billion. $7 billion acquisition of First Eagle Investments expands Victory Capital's assets under management and market position.
Victory Capital Holdings, Inc. (VCTR) acquires First Eagle Investments, forming a $571 billion diversified global asset manager. Acquisition creates $571 billion asset manager, transforming Victory Capital scale and global competitive position.
Victory Capital Holdings acquires First Eagle Investments with Amundi's approval. Acquisition of First Eagle Investments expands Victory Capital's assets under management and competitive reach in a major strategic move.
12 Aug
Victory Capital Holdings (VCTR) Q2 2026 earnings call covered financial results, performance metrics and management outlook. Quarterly earnings details typically affect near-term stock sentiment but rarely shift long-term company trajectory.
7 Aug
Victory Capital Holdings beat Q2 earnings and announced acquisition plans, prompting questions on whether the stock is overvalued at current levels. Q2 earnings beat plus acquisition plans represent major strategic moves that can alter company trajectory and investor sentiment.
Victory Capital Holdings reported Q2 results on its earnings call, covering revenue, EPS, assets under management growth, and forward outlook. Quarterly earnings calls typically deliver moderate updates on financials and strategy that can move near-term sentiment and valuation.
6 Aug
Victory Capital Holdings Inc posted record assets in its Q2 2026 earnings call. Record assets mark major growth that can shift company trajectory and investor views.
Victory Capital Holdings, Inc. held its Q2 2026 earnings call covering financial performance and outlook. Q2 earnings figures and forward guidance directly move revenue forecasts and valuation multiples.
5 Aug
Victory Capital Holdings reported record second quarter 2026 results. Record quarterly results point to strong performance that can lift stock valuation and investor outlook.
15 May
Victory Capital Holdings (VCTR) reported strong Q1 2026 growth in revenue and client assets, leading to a favorable valuation assessment. Strong Q1 2026 revenue and client assets growth signals major positive shift in VCTR's financial trajectory and investor sentiment.
9 May
Victory Capital Holdings, Inc. (VCTR) Q1 earnings call highlights key quarterly financial results, asset growth, revenue increases, and forward guidance. Q1 earnings highlights detail financial performance and strategic outlook, significantly influencing stock trajectory and investor sentiment.
7 May
Victory Capital Holdings, Inc. (VCTR) Q1 2026 earnings call summary details financial results, assets under management growth, revenue, net income, and forward guidance. Quarterly earnings summary influences financial performance and investor sentiment but represents routine reporting.
6 May
Victory Capital Holdings (VCTR) Q1 earnings key metrics indicate solid performance with beats on EPS and revenue, alongside AUM growth and dividend hike, signaling financial strength. Q1 earnings beats and AUM expansion signal significant positive trajectory for VCTR's market performance.
Victory Capital Holdings (VCTR) exceeded Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates boosts investor sentiment and signals strong financial performance ahead.
Victory Capital Holdings, Inc. (VCTR) reported record first quarter results. Record first quarter results demonstrate strong financial performance likely to enhance investor sentiment and future growth trajectory.
29 Apr
Victory Capital Holdings (VCTR) earnings are expected to grow, prompting analysis on whether to buy the stock. Expected earnings growth signals potential positive financial performance influencing stock sentiment and trajectory.
16 Apr
Victory Capital Holdings (VCTR) has a strong history of beating earnings estimates and shows positive indicators like Earnings ESP and Zacks Rank #2, positioning it to potentially surpass expectations again in its upcoming quarterly report. Earnings preview highlighting positive surprise potential moderately influences financial performance expectations and short-term market sentiment.
27 Mar
Janus Henderson bidding war concludes without a winner. Performance of funds Trian Partners advocated for shows varied results, with implications for Victory Capital Holdings. End of Janus Henderson bidding war eliminates major acquisition opportunity for Victory Capital, significantly impacting its strategic growth and market positioning.
Janus Henderson has a buyer, with performance details provided for its funds amid the deal announcement involving Victory Capital Holdings (VCTR). Victory Capital's acquisition of Janus Henderson's business delivers major strategic growth by expanding AUM and enhancing competitive positioning.
26 Mar
Victory Capital Holdings withdrew its $9 billion bid for Janus Henderson after shareholders backed a rival $52 per share offer. Withdrawal from a $9 billion acquisition bid marks a major strategic pivot altering Victory Capital's expansion plans and investor outlook.
25 Mar
Victory Capital Holdings, Inc. (VCTR) withdrew its proposal to acquire Janus Henderson (JHG). Withdrawal eliminates a major acquisition opportunity that could have significantly expanded VCTR's assets under management and competitive position.
24 Mar
Janus Henderson reports Trian and General Catalyst raised their acquisition offer for Victory Capital Holdings (VCTR) to $52 per share. Increased acquisition offer to $52 per share signals potential buyout, fundamentally redefining VCTR's future and market position.
Victory Capital Holdings, Inc. (VCTR) withdrew its proposal to acquire Janus Henderson amid regulatory concerns and valuation disputes. Withdrawal ends pursuit of major acquisition that would have doubled VCTR's assets under management and reshaped its competitive position.
Victory Capital Holdings rejects client concerns as Janus Henderson's acquisition bid faces regulatory and investor scrutiny. Potential acquisition by Janus Henderson under scrutiny represents a major strategic shift that could reshape Victory Capital's ownership, operations, and market valuation.