Victory Capital Holdings, Inc.

VCTR Financial Asset Management

Victory Capital Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 46.2% from fiscal 2024.

Revenue
+9.79%
EPS
0.00%
Free cash flow
+34.9%
Total debt
−0.63%

Quarter to September 2026, against a year earlier

112.79 7.40 −6.16%
Market cap
$7.0B
P/E
20.5×
Fwd P/E
18.0×
Dividend yield
1.76%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Victory Capital Holdings, Inc. (VCTR) Free cash flow margin

Alert me on Free cash flow margin

Victory Capital Holdings, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 39.0%, up 9.8 percentage points from fiscal 2025 (29.2%). Over the past ten years it has ranged from 12.9% (fiscal 2016) to 40.8% (fiscal 2021); the current reading is higher than 36% of that period. That is above the Asset Management industry median of 5.96% and above the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 29.2% (8.71)
FY2024 37.9% (1.69)
FY2023 39.6% 1.00
FY2022 38.6% (2.23)
FY2021 40.8% 9.55
FY2020 31.3% (5.00)
FY2019 36.3% 4.40
FY2018 31.9% 8.92
FY2017 23.0% 10.07
FY2016 12.9% (3.21)

Against its own ten years

Low 12.9% High 40.8%
Ten-year median 31.9%
Current reading's percentile 36

Free cash flow margin against peers

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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