VCTR - Victory Capital Holdings, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$85.33
DETAILS
HIGH:
$95.00
LOW:
$76.00
MEDIAN:
$85.00
CONSENSUS:
$85.33
DOWNSIDE:
0.68%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue | 1,306.1 | 893.5 | 821.0 | 854.8 | 890.3 | 775.4 | 612.4 | 413.4 | 409.6 | 297.9 | 240.8 |
| Cost of Revenue | 377.7 | 363.7 | 365.1 | 399.3 | 411.2 | 372.8 | 326.4 | 240.6 | 247.6 | 200.1 | 145.3 |
| Gross Profit | 928.4 | 529.8 | 456.0 | 455.5 | 479.0 | 402.5 | 285.9 | 172.9 | 162.1 | 97.8 | 95.5 |
| Operating Expenses | |||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 576.0 | 56.7 | 56.3 | 52.4 | 53.7 | 51.2 | 46.6 | 30.0 | 34.0 | 26.6 | 23.0 |
| Other Expenses | (202.5) | 45.6 | 71.2 | 4.0 | 51.5 | 36.6 | 74.8 | 28.3 | 37.9 | 46.7 | 39.3 |
| Operating Expenses | 373.5 | 102.3 | 127.5 | 56.4 | 105.2 | 87.8 | 121.3 | 58.3 | 71.9 | 73.3 | 62.2 |
| Operating Income | |||||||||||
| Operating Income | 555.0 | 427.5 | 328.5 | 399.1 | 373.8 | 314.7 | 164.6 | 114.5 | 90.2 | 24.5 | 33.2 |
| Interest Expense | 65.6 | 77.4 | 76.8 | 46.9 | 24.7 | 37.0 | 40.9 | 21.4 | 47.1 | 31.2 | 23.4 |
| Interest Income | 28.5 | 24.0 | 24.2 | 3.7 | 6.0 | 3.7 | 6.8 | 0 | 0 | 1.1 | 0.0 |
| Profitability | |||||||||||
| EBITDA | 566.0 | 481.4 | 394.3 | 440.1 | 391.8 | 328.9 | 183.0 | 129.6 | 115.5 | 52.5 | 57.9 |
| EBIT | 493.1 | 451.2 | 352.7 | 396.9 | 373.0 | 312.6 | 159.1 | 106.3 | 85.5 | 22.1 | 30.6 |
| Income Before Tax | 438.3 | 373.8 | 275.9 | 350.0 | 350.6 | 278.5 | 120.7 | 84.9 | 38.5 | (9.1) | 7.2 |
| Income Tax Expense | 108.3 | 84.9 | 62.8 | 74.5 | 72.3 | 66.0 | 28.2 | 21.2 | 12.6 | (3) | 3.4 |
| Net Income | 330.1 | 288.9 | 213.2 | 275.5 | 278.4 | 212.5 | 92.5 | 63.7 | 25.8 | (6.1) | 3.8 |
| Per Share Data | |||||||||||
| EPS (Basic) | 4.13 | 4.47 | 3.22 | 4.02 | 4.10 | 3.14 | 1.37 | 0.90 | 0.47 | -0.09 | 0.06 |
| EPS (Diluted) | 4.08 | 4.38 | 3.12 | 3.81 | 3.75 | 2.88 | 1.26 | 0.90 | 0.47 | -0.09 | 0.05 |
| Shares Outstanding | 65.4 | 64.6 | 66.2 | 68.5 | 68.0 | 67.7 | 67.6 | 70.5 | 55.1 | 66.6 | 66.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 163.7 | 126.7 | 123.5 | 38.2 | 69.5 | 22.7 | 37.1 | 51.5 | 12.9 | 16.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0.8 | 0.6 | 0.7 | 0.5 |
| Net Receivables | 30.6 | 100.7 | 87.6 | 84.5 | 104.3 | 84.9 | 95.1 | 44.1 | 55.9 | 83.9 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (5.7) |
| Other Current Assets | 150.5 | 0 | 0 | 0 | 0 | 3.3 | 0 | 0 | 0 | 0 |
| Total Current Assets | 360.9 | 236.0 | 216.9 | 131.1 | 180.5 | 117.0 | 137.8 | 98.9 | 75.0 | 105.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 23.8 | 11.9 | 19.6 | 21.1 | 25.3 | 18.7 | 13.2 | 8.8 | 8.8 | 9.5 |
| Goodwill | 1,235.9 | 981.8 | 981.8 | 981.8 | 981.8 | 404.8 | 404.8 | 284.1 | 284.1 | 284.1 |
| Intangible Assets | 2,477.6 | 1,260.6 | 1,281.8 | 1,314.6 | 1,349.8 | 1,162.6 | 1,175.5 | 387.7 | 408 | 434.3 |
| Long-Term Investments | 99.4 | 0.6 | 0.5 | 0.5 | 0.9 | 2.3 | 18.3 | 12.7 | 10.7 | 5.6 |
| Other Non-Current Assets | 50.2 | 56.7 | 42.0 | 91.8 | 41.4 | 25.3 | 3.7 | (830.3) | (786.6) | 4.8 |
| Total Non-Current Assets | 3,886.9 | 2,311.6 | 2,325.7 | 2,409.8 | 2,399.3 | 1,613.7 | 1,615.5 | 702.6 | 717.7 | 745.9 |
| Total Assets | 4,247.9 | 2,547.6 | 2,542.6 | 2,540.9 | 2,579.7 | 1,730.7 | 1,753.3 | 801.5 | 792.6 | 851.0 |
| Current Liabilities | ||||||||||
| Account Payables | 72.4 | 58.0 | 56.5 | 50.9 | 62.1 | 35.2 | 0.3 | 0.6 | 0.3 | 3.7 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 10.0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (268.9) | (483.2) | (418.5) |
| Other Current Liabilities | 214.6 | 0 | 0 | 0 | 0 | 7.0 | 0 | (25.6) | (31.5) | 26.8 |
| Total Current Liabilities | 373.3 | 197.8 | 273.7 | 281.3 | 371.5 | 99.4 | 207.9 | 26.2 | 31.9 | 48.5 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 970.0 | 963.9 | 989.3 | 985.5 | 1,127.9 | 769.0 | 924.5 | 268.9 | 483.2 | 418.5 |
| Deferred Tax Liabilities | 479.8 | 157.1 | 128.7 | 108.1 | 63.1 | 0 | 5.5 | 6.2 | 4.1 | (555.7) |
| Other Non-Current Liabilities | 0 | 107.1 | 98.0 | 100.6 | 87.3 | 154.8 | 77.5 | 70.3 | 73.8 | 26.1 |
| Total Non-Current Liabilities | 1,449.8 | 1,228.1 | 1,215.9 | 1,194.2 | 1,278.3 | 923.8 | 1,007.5 | 319.8 | 529.6 | 471.4 |
| Total Liabilities | 1,823.1 | 1,426.0 | 1,489.6 | 1,475.5 | 1,649.8 | 1,023.2 | 1,215.4 | 346.0 | 561.4 | 520.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.6 | 0.5 |
| Retained Earnings | 1,097.7 | 924.6 | 736.9 | 609.1 | 402.8 | 161.6 | (34.7) | (119.7) | (183.9) | (74.5) |
| Accumulated Other Comprehensive Income | 9.0 | 18.7 | 31.3 | 35.4 | 6.0 | (7.5) | 0 | (0.1) | 0.1 | (0.5) |
| Total Stockholders' Equity | 2,424.7 | 1,121.6 | 1,053.0 | 1,065.4 | 929.9 | 707.5 | 537.9 | 455.5 | 231.2 | 331.0 |
| Total Liabilities & Equity | 4,247.9 | 2,547.6 | 2,542.6 | 2,540.9 | 2,579.7 | 1,730.7 | 1,753.3 | 801.5 | 792.6 | 851.0 |
| Debt Metrics | ||||||||||
| Total Debt | 970.0 | 963.9 | 989.3 | 985.5 | 1,127.9 | 779.0 | 924.5 | 268.9 | 483.2 | 418.5 |
| Net Debt | 806.3 | 837.1 | 865.7 | 947.3 | 1,058.4 | 756.3 | 887.4 | 217.4 | 470.3 | 402.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 330.1 | 288.9 | 213.2 | 275.5 | 278.4 | 212.5 | 92.5 | 63.7 | 25.8 | (6.1) |
| Depreciation & Amortization | 72.9 | 30.2 | 41.6 | 43.2 | 18.8 | 16.4 | 23.9 | 23.3 | 29.9 | 30.4 |
| Stock-Based Compensation | 134.6 | 20.1 | 21.5 | 17.7 | 26.5 | 22.5 | 22.1 | 17.3 | 17.2 | 12.0 |
| Change in Working Capital | (87.4) | (21.6) | 46.0 | 4.1 | 14.4 | (52.8) | 60.6 | 12.4 | 1.2 | 2.2 |
| Other Non-Cash Items | (241.8) | (10.0) | (13.6) | (41.0) | 18.6 | 17.4 | 29.1 | 13.5 | 10.9 | 4.0 |
| Operating Cash Flow | 240.4 | 340.0 | 330.3 | 335.2 | 376.2 | 250.6 | 227.4 | 134.3 | 96.2 | 39.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | (3.6) | (1.3) | (5.2) | (5.2) | (12.7) | (8.1) | (5.2) | (2.5) | (5.1) | (1.2) |
| Acquisitions | 53.6 | 0 | 0 | (0.9) | (539.2) | 0 | (840.7) | (4) | (2) | (207.4) |
| Purchases of Investments | (39.2) | (13.3) | (13.9) | (24.2) | (14.6) | (8.9) | (6.8) | (7.8) | (9.7) | (5.4) |
| Sales/Maturities of Investments | 66.8 | 10.6 | 11.2 | 24.0 | 9.9 | 4.6 | 2.9 | 2.8 | 5.2 | 3.9 |
| Other Investing Activities | 0 | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 | 3.0 | 0.0 |
| Investing Cash Flow | 77.7 | (4.0) | (7.8) | (6.3) | (556.6) | (12.3) | (849.8) | (11.5) | (8.5) | (210.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (235.8) | (29.5) | 0 | (149.1) | 360.5 | (162.4) | 660.4 | (221.2) | 57.0 | 112.0 |
| Stock Repurchased | (144.9) | (103.6) | (139.3) | (101.2) | (31.5) | (29.9) | (15.5) | (8.2) | (4.7) | (10.5) |
| Dividends Paid | (125.5) | (101.1) | (85.4) | (69.2) | (37.2) | (16.2) | (7.4) | (0.8) | (135.2) | (0.6) |
| Other Financing Activities | 175.0 | (107.4) | (18.7) | (54.9) | (72.9) | (49.0) | (33.5) | (10.5) | (8.5) | (18.2) |
| Financing Cash Flow | (329.5) | (332.8) | (237.1) | (360.2) | 227.2 | (252.7) | 608.0 | (84.2) | (91.3) | 171.8 |
| Cash Position | ||||||||||
| Net Change in Cash | 37.0 | 3.2 | 85.4 | (31.4) | 46.8 | (14.4) | (14.4) | 38.6 | (3.5) | 1.3 |
| Cash at Beginning | 126.7 | 123.5 | 38.2 | 69.5 | 22.7 | 37.1 | 51.5 | 12.9 | 16.4 | 15.1 |
| Cash at End | 163.7 | 126.7 | 123.5 | 38.2 | 69.5 | 22.7 | 37.1 | 51.5 | 12.9 | 16.4 |
| Free Cash Flow | 236.9 | 338.7 | 325.1 | 330.0 | 363.5 | 242.6 | 222.1 | 131.8 | 91.1 | 38.4 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1,306.1 | 893.5 | 821.0 | 854.8 | 890.3 | 775.4 | 612.4 | 413.4 | 409.6 | 297.9 | 240.8 |
| Gross Profit | 928.4 | 529.8 | 456.0 | 455.5 | 479.0 | 402.5 | 285.9 | 172.9 | 162.1 | 97.8 | 95.5 |
| Operating Income | 555.0 | 427.5 | 328.5 | 399.1 | 373.8 | 314.7 | 164.6 | 114.5 | 90.2 | 24.5 | 33.2 |
| Net Income | 330.1 | 288.9 | 213.2 | 275.5 | 278.4 | 212.5 | 92.5 | 63.7 | 25.8 | (6.1) | 3.8 |
| EPS (Diluted) | 4.08 | 4.38 | 3.12 | 3.81 | 3.75 | 2.88 | 1.26 | 0.90 | 0.47 | -0.09 | 0.05 |
| Balance Sheet | |||||||||||
| Cash & Equivalents | 163.7 | 126.7 | 123.5 | 38.2 | 69.5 | 22.7 | 37.1 | 51.5 | 12.9 | 16.4 | |
| Total Assets | 4,247.9 | 2,547.6 | 2,542.6 | 2,540.9 | 2,579.7 | 1,730.7 | 1,753.3 | 801.5 | 792.6 | 851.0 | |
| Total Debt | 970.0 | 963.9 | 989.3 | 985.5 | 1,127.9 | 779.0 | 924.5 | 268.9 | 483.2 | 418.5 | |
| Stockholders' Equity | 2,424.7 | 1,121.6 | 1,053.0 | 1,065.4 | 929.9 | 707.5 | 537.9 | 455.5 | 231.2 | 331.0 | |
| Cash Flow | |||||||||||
| Operating Cash Flow | 240.4 | 340.0 | 330.3 | 335.2 | 376.2 | 250.6 | 227.4 | 134.3 | 96.2 | 39.5 | |
| Capital Expenditure | (3.6) | (1.3) | (5.2) | (5.2) | (12.7) | (8.1) | (5.2) | (2.5) | (5.1) | (1.2) | |
| Free Cash Flow | 236.9 | 338.7 | 325.1 | 330.0 | 363.5 | 242.6 | 222.1 | 131.8 | 91.1 | 38.4 | |