Viking Holdings Ltd.

VIK Consumer Cyclical Travel Services

Viking Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $6.5 billion, up 21.9% from fiscal 2024.

Revenue
+16.5%
EPS
+33.3%
Free cash flow
−75.6%
Total debt
+9.47%

Quarter to June 2026, against a year earlier

86.53 4.64 −5.09%
Market cap
$38.5B
P/E
28.6×
Fwd P/E
27.2×
Dividend yield
—
F-score
8/9
Altman Z
2.05
Beneish M
−3.32
Dividend safety
n/a

Viking Holdings Ltd. (VIK) Free cash flow margin

Alert me on Free cash flow margin

Viking Holdings Ltd.'s free cash flow margin over the twelve months to 30 June 2026 was 16.6%, down 7.0 percentage points from fiscal 2025 (23.6%). That is above the Travel Services industry median of 7.89% and above the Consumer Cyclical sector median of 3.20%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 23.6% 1.76
FY2024 21.8% 7.02
FY2023 14.8% 33.14
FY2022 −18.3% —

Free cash flow margin against peers

Company Free cash flow margin
ABNB Airbnb, Inc. compare 36.0%
BKNG Booking Holdings Inc. compare 32.8%
EXPE Expedia Group, Inc. compare 23.1%
VIK Viking Holdings Ltd. 16.6%
MMYT MakeMyTrip Limited compare 15.9%
CCL Carnival Corporation compare 11.6%
RCL Royal Caribbean Cruises Ltd. compare 7.89%
TCOM Trip.com Group Limited Sponsored ADR compare 0.00%
NCLH Norwegian Cruise Line Holdings Ltd. compare −5.55%
Travel Services industry median 7.89%
Consumer Cyclical sector median 3.20%
Market median 0.00%

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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