Victory Capital Holdings, Inc. (VCTR) 10-Year Financial Performance & Capital Metrics

VCTR • • Banking & Credit

Financial ServicesAsset ManagementTraditional Asset ManagementMulti-Affiliate Platform Managers

AboutVictory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company worldwide. It offers investment advisory, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors. As of December 31, 2021, its franchises and solutions platform managed a set of 130 investment strategies for a range of institutional and retail clients, and direct investors. The company has strategic alliance with Xavier University of Louisiana. Victory Capital Holdings, Inc. was incorporated in 2013 and is headquartered in San Antonio, Texas.Show more

Net Interest Income -$53M -1.6%
Total Revenue $893M +8.8%
Net Income $289M +35.5%
Return on Equity 26.57% +32.0%
Net Interest Margin -2.1% -1.4%
Efficiency Ratio 11.45% -26.3%
ROA 11.35% +35.3%
Equity / Assets 44.03% +6.3%
Book Value per Share 17.01 +10.2%
Tangible BV/Share -17.00 +4.2%
Debt/Equity 0.86 -8.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 24.8%
✓Strong 5Y profit CAGR of 25.6%
✓Strong Piotroski F-Score: 9/9
✓Efficient operations: 11.4% efficiency ratio
✓Well capitalized: 44.0% equity/assets
✓Healthy dividend yield of 2.3%

✗Weaknesses

✗Weak NIM of -2.1%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y7.85%

3Y0.12%

TTM-

Profit (Net Income) CAGR

10Y-

5Y25.58%

3Y1.24%

TTM10.13%

EPS CAGR

10Y-

5Y28.3%

3Y5.31%

TTM-2.49%

ROCE

10Y Avg13.99%

5Y Avg18.03%

3Y Avg16.96%

Latest18.51%

Peer Comparison

Multi-Affiliate Platform Managers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PXP10, Inc.	828.29M	10.61	66.31	22.63%	6.31%	3.86%	11.66%	0.88
AMGAffiliated Managers Group, Inc.	9.06B	322.23	21.30	-0.82%	25.07%	11.7%	10.25%	0.56
VCTRVictory Capital Holdings, Inc.	4.36B	67.21	15.34	8.82%	32.33%	12.26%	7.76%	0.86
VRTSVirtus Investment Partners, Inc.	1.15B	170.27	10.08	7.29%	13.49%	14.22%		2.45
MGREAffiliated Managers Group, Inc.		24.34	1.61	-0.82%	25.07%	11.7%		0.56

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-23.33M	-30.09M	-47.09M	-21.38M	-34.07M	-33.3M	-18.61M	-43.22M	-52.55M	-53.4M
NII Growth %	-	-0.29%	-0.56%	0.55%	-0.59%	0.02%	0.44%	-1.32%	-0.22%	-0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	47K	1.09M	0	0	6.83M	3.7M	6.04M	3.68M	24.21M	24.04M
Interest Expense	23.38M	31.18M	47.09M	21.38M	40.9M	37.01M	24.65M	46.9M	76.76M	77.44M
Loan Loss Provision	121.92M	168.94M	200.47M	219.19M	285.53M	335.84M	386.57M	352.4M	288.29M	286.27M
Non-Interest Income+	240.72M	296.8M	409.63M	413.41M	605.54M	771.65M	884.22M	851.12M	796.81M	869.44M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	240.76M	297.88M	409.63M	413.41M	612.37M	775.35M	890.26M	854.8M	821.03M	893.48M
Revenue Growth %	-	0.24%	0.38%	0.01%	0.48%	0.27%	0.15%	-0.04%	-0.04%	0.09%
Non-Interest Expense	62.24M	73.29M	71.91M	58.33M	121.32M	87.79M	105.2M	56.39M	127.52M	102.26M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	33.22M	24.48M	90.17M	114.52M	164.62M	314.71M	373.85M	399.11M	328.46M	427.51M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-	-0.26%	2.68%	0.27%	0.44%	0.91%	0.19%	0.07%	-0.18%	0.3%
Pretax Income+	7.22M	-9.07M	38.46M	84.91M	120.69M	278.54M	350.64M	350.03M	275.91M	373.76M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	3.42M	-3M	12.63M	21.21M	28.2M	66.02M	72.25M	74.52M	62.75M	84.89M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	3.8M	-6.07M	25.83M	63.7M	92.49M	212.52M	278.39M	275.51M	213.16M	288.86M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	-2.6%	5.25%	1.47%	0.45%	1.3%	0.31%	-0.01%	-0.23%	0.36%
Net Income (Continuing)	3.8M	-6.07M	25.83M	63.7M	92.49M	212.52M	278.39M	275.51M	213.16M	288.86M
EPS (Diluted)+	0.05	-0.09	0.47	0.90	1.26	2.88	3.75	3.81	3.12	4.38
EPS Growth %	-	-2.6%	6.52%	0.91%	0.4%	1.29%	0.3%	0.02%	-0.18%	0.4%
EPS (Basic)	0.06	-0.09	0.47	0.90	1.37	3.14	4.10	4.02	3.22	4.47
Diluted Shares Outstanding	71.22M	71.22M	55.12M	70.51M	73.47M	73.72M	74.15M	72.27M	68.21M	65.93M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	15.14M	16.44M	12.92M	51.49M	37.12M	22.74M	69.53M	38.17M	123.55M	126.73M
Short Term Investments	532K	525K	677K	601K	771K	0	0	0	0	0
Total Investments+	3.37M	6.16M	11.34M	13.32M	19.08M	2.32M	912K	466K	534K	605K
Investments Growth %	-	0.83%	0.84%	0.18%	0.43%	-0.88%	-0.61%	-0.49%	0.15%	0.13%
Long-Term Investments	2.84M	5.64M	10.66M	12.72M	18.3M	2.32M	912K	466K	534K	605K
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	219.73M	284.11M	284.11M	284.11M	404.75M	404.75M	981.8M	981.8M	981.8M	981.8M
Intangible Assets	329.4M	434.35M	408M	387.68M	1.18B	1.16B	1.35B	1.31B	1.28B	1.26B
PP&E (Net)	6.59M	9.54M	8.84M	8.78M	13.24M	18.75M	25.3M	21.15M	19.58M	11.87M
Other Assets	1.2M	4.82M	-786.57M	-830.29M	3.71M	25.26M	41.45M	91.76M	41.97M	56.66M
Total Current Assets	56.32M	105.04M	74.96M	98.88M	137.84M	117.01M	180.49M	131.09M	216.9M	236.03M
Total Non-Current Assets	564.07M	745.91M	717.67M	702.63M	1.62B	1.61B	2.4B	2.41B	2.33B	2.31B
Total Assets+	620.39M	850.95M	792.62M	801.51M	1.75B	1.73B	2.58B	2.54B	2.54B	2.55B
Asset Growth %	-	0.37%	-0.07%	0.01%	1.19%	-0.01%	0.49%	-0.02%	0%	0%
Return on Assets (ROA)	0.01%	-0.01%	0.03%	0.08%	0.07%	0.12%	0.13%	0.11%	0.08%	0.11%
Accounts Payable	1.41M	3.71M	327K	607K	271K	35.17M	62.1M	50.86M	56.48M	57.95M
Total Debt+	311.9M	418.53M	483.23M	268.86M	924.54M	779.01M	1.13B	985.51M	989.27M	963.86M
Net Debt	296.75M	402.09M	470.3M	217.37M	887.42M	756.27M	1.06B	947.34M	865.72M	837.13M
Long-Term Debt	311.9M	418.53M	483.23M	268.86M	924.54M	769.01M	1.13B	985.51M	989.27M	963.86M
Short-Term Debt	0	0	0	0	0	10.01M	0	0	0	0
Other Liabilities	16.15M	26.14M	73.82M	70.29M	77.51M	154.75M	87.29M	100.58M	97.95M	107.13M
Total Current Liabilities	28.91M	48.51M	31.85M	26.19M	207.9M	99.43M	371.48M	281.26M	273.68M	197.84M
Total Non-Current Liabilities	342.05M	471.44M	529.59M	319.77M	1.01B	923.76M	1.28B	1.19B	1.22B	1.23B
Total Liabilities	370.96M	519.95M	561.44M	345.96M	1.22B	1.02B	1.65B	1.48B	1.49B	1.43B
Total Equity+	249.43M	733.09M	701.49M	672.91M	537.87M	707.54M	929.93M	1.07B	1.05B	1.12B
Equity Growth %	-	1.94%	-0.04%	-0.04%	-0.2%	0.32%	0.31%	0.15%	-0.01%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.02%	-0.01%	0.04%	0.09%	0.15%	0.34%	0.34%	0.28%	0.2%	0.27%
Book Value per Share	3.50	10.29	12.73	9.54	7.32	9.60	12.54	14.74	15.44	17.01
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	466K	548K	572K	706K	720K	742K	772K	805K	824K	839K
Additional Paid-in Capital	321.79M	421.75M	435.33M	604.4M	624.77M	647.6M	673.57M	705.47M	728.28M	752.37M
Retained Earnings	-67.83M	-74.53M	-183.89M	-119.71M	-34.7M	161.58M	402.81M	609.12M	736.85M	924.6M
Accumulated OCI	-542K	-537K	64K	-86K	0	-7.46M	5.97M	35.44M	31.33M	18.68M
Treasury Stock	-3.99M	-16.25M	-20.9M	-29.76M	-52.91M	-94.92M	-153.2M	-285.43M	-444.29M	-574.86M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	40.65M	39.54M	96.17M	134.34M	227.38M	250.62M	376.2M	335.21M	330.29M	339.98M
Operating CF Growth %	-	-0.03%	1.43%	0.4%	0.69%	0.1%	0.5%	-0.11%	-0.01%	0.03%
Net Income	3.8M	-6.07M	25.83M	63.7M	92.49M	212.52M	278.39M	275.51M	213.16M	288.86M
Depreciation & Amortization	27.29M	30.41M	29.91M	23.28M	23.87M	16.38M	18.84M	43.2M	41.65M	30.18M
Deferred Taxes	2.48M	-3.08M	11.19M	4.12M	-745K	34.6M	19.49M	35.65M	21.54M	32.52M
Other Non-Cash Items	2.28M	4.02M	10.88M	13.5M	29.07M	17.44M	18.6M	-41M	-13.61M	-10.04M
Working Capital Changes	-4.19M	2.24M	1.19M	12.41M	60.57M	-52.84M	14.38M	4.13M	46.02M	-21.62M
Cash from Investing+	-20.15M	-210.08M	-8.53M	-11.55M	-849.81M	-12.34M	-556.59M	-6.32M	-7.84M	-3.98M
Purchase of Investments	-5.18M	-5.37M	-9.68M	-7.78M	-6.78M	-8.85M	-14.55M	-24.2M	-13.85M	-13.31M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-16M	-207.44M	-2M	-4M	-840.7M	0	-539.24M	-880K	0	0
Other Investing	31K	12K	3.01M	0	0	0	0	0	0	-37K
Cash from Financing+	-31.12M	171.84M	-91.27M	-84.16M	608.02M	-252.7M	227.22M	-360.19M	-237.13M	-332.76M
Dividends Paid	-60.1M	-627K	-135.17M	-831K	-7.44M	-16.24M	-37.16M	-69.2M	-85.43M	-101.12M
Share Repurchases	-1.19M	-10.53M	-4.65M	-8.18M	-15.54M	-29.88M	-31.53M	-101.18M	-139.3M	-103.58M
Stock Issued	1.67M	89.26M	3.19M	156.55M	4.08M	4.76M	8.38M	14.11M	6.29M	8.88M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	0	-1000K
Other Financing	-4.46M	-18.25M	-8.5M	-10.48M	-33.5M	-48.96M	-72.94M	-54.87M	-18.69M	-107.43M
Net Change in Cash+	-10.62M	1.3M	-3.52M	38.57M	-14.37M	-14.38M	46.79M	-31.36M	85.38M	3.18M
Exchange Rate Effect	0	0	116K	-65K	42K	43K	-36K	-70K	58K	-53K
Cash at Beginning	25.76M	15.14M	16.44M	12.92M	51.49M	37.12M	22.74M	69.53M	38.17M	123.55M
Cash at End	15.14M	16.44M	12.92M	51.49M	37.12M	22.74M	69.53M	38.17M	123.55M	126.73M
Interest Paid	22.58M	29.39M	41.49M	17.53M	23.45M	38.69M	18.77M	31.98M	70.69M	78.68M
Income Taxes Paid	613K	495K	758K	17.99M	24.63M	37.81M	55.15M	35.73M	38.69M	52.25M
Free Cash Flow+	38.73M	38.38M	91.06M	131.8M	222.15M	242.56M	363.52M	329.97M	325.12M	338.7M
FCF Growth %	-	-0.01%	1.37%	0.45%	0.69%	0.09%	0.5%	-0.09%	-0.01%	0.04%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.52%	-1.24%	3.6%	9.27%	15.28%	34.13%	34%	27.62%	20.12%	26.57%
Return on Assets (ROA)	0.61%	-0.83%	3.14%	7.99%	7.24%	12.2%	12.92%	10.76%	8.39%	11.35%
Net Interest Margin	-3.76%	-3.54%	-5.94%	-2.67%	-1.94%	-1.92%	-0.72%	-1.7%	-2.07%	-2.1%
Efficiency Ratio	25.85%	24.6%	17.56%	14.11%	19.81%	11.32%	11.82%	6.6%	15.53%	11.45%
Equity / Assets	40.21%	86.15%	88.5%	83.96%	30.68%	40.88%	36.05%	41.93%	41.41%	44.03%
Book Value / Share	3.5	10.29	12.73	9.54	7.32	9.6	12.54	14.74	15.44	17.01
NII Growth	-	-28.95%	-56.49%	54.6%	-59.4%	2.26%	44.13%	-132.28%	-21.59%	-1.61%
Dividend Payout	1581.61%	-	523.39%	1.3%	8.04%	7.64%	13.35%	25.12%	40.08%	35%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Investment Management Fees	466.8M	562.04M	674.54M	664.71M	640.88M	704.58M
Investment Management Fees Growth	-	20.40%	20.02%	-1.46%	-3.59%	9.94%

Frequently Asked Questions

Valuation & Price

Victory Capital Holdings, Inc. (VCTR) has a price-to-earnings (P/E) ratio of 15.3x. This is roughly in line with market averages.

Growth & Financials

Victory Capital Holdings, Inc. (VCTR) grew revenue by 8.8% over the past year. This is steady growth.

Yes, Victory Capital Holdings, Inc. (VCTR) is profitable, generating $294.2M in net income for fiscal year 2024 (32.3% net margin).

Dividend & Returns

Yes, Victory Capital Holdings, Inc. (VCTR) pays a dividend with a yield of 2.28%. This makes it attractive for income-focused investors.

Victory Capital Holdings, Inc. (VCTR) has a return on equity (ROE) of 26.6%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Victory Capital Holdings, Inc. (VCTR) has a net interest margin (NIM) of -2.1%. NIM has been under pressure due to interest rate environment.

Victory Capital Holdings, Inc. (VCTR) has an efficiency ratio of 11.4%. This is excellent, indicating strong cost control.

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Victory Capital Holdings, Inc. (VCTR) 10-Year Financial Performance & Capital Metrics

VCTR • • Banking & Credit

Financial ServicesAsset ManagementTraditional Asset ManagementMulti-Affiliate Platform Managers

Net Interest Income -$53M -1.6%
Total Revenue $893M +8.8%
Net Income $289M +35.5%
Return on Equity 26.57% +32.0%
Net Interest Margin -2.1% -1.4%
Efficiency Ratio 11.45% -26.3%
ROA 11.35% +35.3%
Equity / Assets 44.03% +6.3%
Book Value per Share 17.01 +10.2%
Tangible BV/Share -17.00 +4.2%
Debt/Equity 0.86 -8.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 24.8%
✓Strong 5Y profit CAGR of 25.6%
✓Strong Piotroski F-Score: 9/9
✓Efficient operations: 11.4% efficiency ratio
✓Well capitalized: 44.0% equity/assets
✓Healthy dividend yield of 2.3%

✗Weaknesses

✗Weak NIM of -2.1%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y7.85%

3Y0.12%

TTM-

Profit (Net Income) CAGR

10Y-

5Y25.58%

3Y1.24%

TTM10.13%

EPS CAGR

10Y-

5Y28.3%

3Y5.31%

TTM-2.49%

ROCE

10Y Avg13.99%

5Y Avg18.03%

3Y Avg16.96%

Latest18.51%

Peer Comparison

Multi-Affiliate Platform Managers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PXP10, Inc.	828.29M	10.61	66.31	22.63%	6.31%	3.86%	11.66%	0.88
AMGAffiliated Managers Group, Inc.	9.06B	322.23	21.30	-0.82%	25.07%	11.7%	10.25%	0.56
VCTRVictory Capital Holdings, Inc.	4.36B	67.21	15.34	8.82%	32.33%	12.26%	7.76%	0.86
VRTSVirtus Investment Partners, Inc.	1.15B	170.27	10.08	7.29%	13.49%	14.22%		2.45
MGREAffiliated Managers Group, Inc.		24.34	1.61	-0.82%	25.07%	11.7%		0.56

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-23.33M	-30.09M	-47.09M	-21.38M	-34.07M	-33.3M	-18.61M	-43.22M	-52.55M	-53.4M
NII Growth %	-	-0.29%	-0.56%	0.55%	-0.59%	0.02%	0.44%	-1.32%	-0.22%	-0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	47K	1.09M	0	0	6.83M	3.7M	6.04M	3.68M	24.21M	24.04M
Interest Expense	23.38M	31.18M	47.09M	21.38M	40.9M	37.01M	24.65M	46.9M	76.76M	77.44M
Loan Loss Provision	121.92M	168.94M	200.47M	219.19M	285.53M	335.84M	386.57M	352.4M	288.29M	286.27M
Non-Interest Income+	240.72M	296.8M	409.63M	413.41M	605.54M	771.65M	884.22M	851.12M	796.81M	869.44M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	240.76M	297.88M	409.63M	413.41M	612.37M	775.35M	890.26M	854.8M	821.03M	893.48M
Revenue Growth %	-	0.24%	0.38%	0.01%	0.48%	0.27%	0.15%	-0.04%	-0.04%	0.09%
Non-Interest Expense	62.24M	73.29M	71.91M	58.33M	121.32M	87.79M	105.2M	56.39M	127.52M	102.26M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	33.22M	24.48M	90.17M	114.52M	164.62M	314.71M	373.85M	399.11M	328.46M	427.51M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-	-0.26%	2.68%	0.27%	0.44%	0.91%	0.19%	0.07%	-0.18%	0.3%
Pretax Income+	7.22M	-9.07M	38.46M	84.91M	120.69M	278.54M	350.64M	350.03M	275.91M	373.76M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	3.42M	-3M	12.63M	21.21M	28.2M	66.02M	72.25M	74.52M	62.75M	84.89M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	3.8M	-6.07M	25.83M	63.7M	92.49M	212.52M	278.39M	275.51M	213.16M	288.86M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	-2.6%	5.25%	1.47%	0.45%	1.3%	0.31%	-0.01%	-0.23%	0.36%
Net Income (Continuing)	3.8M	-6.07M	25.83M	63.7M	92.49M	212.52M	278.39M	275.51M	213.16M	288.86M
EPS (Diluted)+	0.05	-0.09	0.47	0.90	1.26	2.88	3.75	3.81	3.12	4.38
EPS Growth %	-	-2.6%	6.52%	0.91%	0.4%	1.29%	0.3%	0.02%	-0.18%	0.4%
EPS (Basic)	0.06	-0.09	0.47	0.90	1.37	3.14	4.10	4.02	3.22	4.47
Diluted Shares Outstanding	71.22M	71.22M	55.12M	70.51M	73.47M	73.72M	74.15M	72.27M	68.21M	65.93M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	15.14M	16.44M	12.92M	51.49M	37.12M	22.74M	69.53M	38.17M	123.55M	126.73M
Short Term Investments	532K	525K	677K	601K	771K	0	0	0	0	0
Total Investments+	3.37M	6.16M	11.34M	13.32M	19.08M	2.32M	912K	466K	534K	605K
Investments Growth %	-	0.83%	0.84%	0.18%	0.43%	-0.88%	-0.61%	-0.49%	0.15%	0.13%
Long-Term Investments	2.84M	5.64M	10.66M	12.72M	18.3M	2.32M	912K	466K	534K	605K
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	219.73M	284.11M	284.11M	284.11M	404.75M	404.75M	981.8M	981.8M	981.8M	981.8M
Intangible Assets	329.4M	434.35M	408M	387.68M	1.18B	1.16B	1.35B	1.31B	1.28B	1.26B
PP&E (Net)	6.59M	9.54M	8.84M	8.78M	13.24M	18.75M	25.3M	21.15M	19.58M	11.87M
Other Assets	1.2M	4.82M	-786.57M	-830.29M	3.71M	25.26M	41.45M	91.76M	41.97M	56.66M
Total Current Assets	56.32M	105.04M	74.96M	98.88M	137.84M	117.01M	180.49M	131.09M	216.9M	236.03M
Total Non-Current Assets	564.07M	745.91M	717.67M	702.63M	1.62B	1.61B	2.4B	2.41B	2.33B	2.31B
Total Assets+	620.39M	850.95M	792.62M	801.51M	1.75B	1.73B	2.58B	2.54B	2.54B	2.55B
Asset Growth %	-	0.37%	-0.07%	0.01%	1.19%	-0.01%	0.49%	-0.02%	0%	0%
Return on Assets (ROA)	0.01%	-0.01%	0.03%	0.08%	0.07%	0.12%	0.13%	0.11%	0.08%	0.11%
Accounts Payable	1.41M	3.71M	327K	607K	271K	35.17M	62.1M	50.86M	56.48M	57.95M
Total Debt+	311.9M	418.53M	483.23M	268.86M	924.54M	779.01M	1.13B	985.51M	989.27M	963.86M
Net Debt	296.75M	402.09M	470.3M	217.37M	887.42M	756.27M	1.06B	947.34M	865.72M	837.13M
Long-Term Debt	311.9M	418.53M	483.23M	268.86M	924.54M	769.01M	1.13B	985.51M	989.27M	963.86M
Short-Term Debt	0	0	0	0	0	10.01M	0	0	0	0
Other Liabilities	16.15M	26.14M	73.82M	70.29M	77.51M	154.75M	87.29M	100.58M	97.95M	107.13M
Total Current Liabilities	28.91M	48.51M	31.85M	26.19M	207.9M	99.43M	371.48M	281.26M	273.68M	197.84M
Total Non-Current Liabilities	342.05M	471.44M	529.59M	319.77M	1.01B	923.76M	1.28B	1.19B	1.22B	1.23B
Total Liabilities	370.96M	519.95M	561.44M	345.96M	1.22B	1.02B	1.65B	1.48B	1.49B	1.43B
Total Equity+	249.43M	733.09M	701.49M	672.91M	537.87M	707.54M	929.93M	1.07B	1.05B	1.12B
Equity Growth %	-	1.94%	-0.04%	-0.04%	-0.2%	0.32%	0.31%	0.15%	-0.01%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.02%	-0.01%	0.04%	0.09%	0.15%	0.34%	0.34%	0.28%	0.2%	0.27%
Book Value per Share	3.50	10.29	12.73	9.54	7.32	9.60	12.54	14.74	15.44	17.01
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	466K	548K	572K	706K	720K	742K	772K	805K	824K	839K
Additional Paid-in Capital	321.79M	421.75M	435.33M	604.4M	624.77M	647.6M	673.57M	705.47M	728.28M	752.37M
Retained Earnings	-67.83M	-74.53M	-183.89M	-119.71M	-34.7M	161.58M	402.81M	609.12M	736.85M	924.6M
Accumulated OCI	-542K	-537K	64K	-86K	0	-7.46M	5.97M	35.44M	31.33M	18.68M
Treasury Stock	-3.99M	-16.25M	-20.9M	-29.76M	-52.91M	-94.92M	-153.2M	-285.43M	-444.29M	-574.86M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	40.65M	39.54M	96.17M	134.34M	227.38M	250.62M	376.2M	335.21M	330.29M	339.98M
Operating CF Growth %	-	-0.03%	1.43%	0.4%	0.69%	0.1%	0.5%	-0.11%	-0.01%	0.03%
Net Income	3.8M	-6.07M	25.83M	63.7M	92.49M	212.52M	278.39M	275.51M	213.16M	288.86M
Depreciation & Amortization	27.29M	30.41M	29.91M	23.28M	23.87M	16.38M	18.84M	43.2M	41.65M	30.18M
Deferred Taxes	2.48M	-3.08M	11.19M	4.12M	-745K	34.6M	19.49M	35.65M	21.54M	32.52M
Other Non-Cash Items	2.28M	4.02M	10.88M	13.5M	29.07M	17.44M	18.6M	-41M	-13.61M	-10.04M
Working Capital Changes	-4.19M	2.24M	1.19M	12.41M	60.57M	-52.84M	14.38M	4.13M	46.02M	-21.62M
Cash from Investing+	-20.15M	-210.08M	-8.53M	-11.55M	-849.81M	-12.34M	-556.59M	-6.32M	-7.84M	-3.98M
Purchase of Investments	-5.18M	-5.37M	-9.68M	-7.78M	-6.78M	-8.85M	-14.55M	-24.2M	-13.85M	-13.31M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-16M	-207.44M	-2M	-4M	-840.7M	0	-539.24M	-880K	0	0
Other Investing	31K	12K	3.01M	0	0	0	0	0	0	-37K
Cash from Financing+	-31.12M	171.84M	-91.27M	-84.16M	608.02M	-252.7M	227.22M	-360.19M	-237.13M	-332.76M
Dividends Paid	-60.1M	-627K	-135.17M	-831K	-7.44M	-16.24M	-37.16M	-69.2M	-85.43M	-101.12M
Share Repurchases	-1.19M	-10.53M	-4.65M	-8.18M	-15.54M	-29.88M	-31.53M	-101.18M	-139.3M	-103.58M
Stock Issued	1.67M	89.26M	3.19M	156.55M	4.08M	4.76M	8.38M	14.11M	6.29M	8.88M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	0	-1000K
Other Financing	-4.46M	-18.25M	-8.5M	-10.48M	-33.5M	-48.96M	-72.94M	-54.87M	-18.69M	-107.43M
Net Change in Cash+	-10.62M	1.3M	-3.52M	38.57M	-14.37M	-14.38M	46.79M	-31.36M	85.38M	3.18M
Exchange Rate Effect	0	0	116K	-65K	42K	43K	-36K	-70K	58K	-53K
Cash at Beginning	25.76M	15.14M	16.44M	12.92M	51.49M	37.12M	22.74M	69.53M	38.17M	123.55M
Cash at End	15.14M	16.44M	12.92M	51.49M	37.12M	22.74M	69.53M	38.17M	123.55M	126.73M
Interest Paid	22.58M	29.39M	41.49M	17.53M	23.45M	38.69M	18.77M	31.98M	70.69M	78.68M
Income Taxes Paid	613K	495K	758K	17.99M	24.63M	37.81M	55.15M	35.73M	38.69M	52.25M
Free Cash Flow+	38.73M	38.38M	91.06M	131.8M	222.15M	242.56M	363.52M	329.97M	325.12M	338.7M
FCF Growth %	-	-0.01%	1.37%	0.45%	0.69%	0.09%	0.5%	-0.09%	-0.01%	0.04%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.52%	-1.24%	3.6%	9.27%	15.28%	34.13%	34%	27.62%	20.12%	26.57%
Return on Assets (ROA)	0.61%	-0.83%	3.14%	7.99%	7.24%	12.2%	12.92%	10.76%	8.39%	11.35%
Net Interest Margin	-3.76%	-3.54%	-5.94%	-2.67%	-1.94%	-1.92%	-0.72%	-1.7%	-2.07%	-2.1%
Efficiency Ratio	25.85%	24.6%	17.56%	14.11%	19.81%	11.32%	11.82%	6.6%	15.53%	11.45%
Equity / Assets	40.21%	86.15%	88.5%	83.96%	30.68%	40.88%	36.05%	41.93%	41.41%	44.03%
Book Value / Share	3.5	10.29	12.73	9.54	7.32	9.6	12.54	14.74	15.44	17.01
NII Growth	-	-28.95%	-56.49%	54.6%	-59.4%	2.26%	44.13%	-132.28%	-21.59%	-1.61%
Dividend Payout	1581.61%	-	523.39%	1.3%	8.04%	7.64%	13.35%	25.12%	40.08%	35%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Investment Management Fees	466.8M	562.04M	674.54M	664.71M	640.88M	704.58M
Investment Management Fees Growth	-	20.40%	20.02%	-1.46%	-3.59%	9.94%

Frequently Asked Questions

Valuation & Price

Victory Capital Holdings, Inc. (VCTR) has a price-to-earnings (P/E) ratio of 15.3x. This is roughly in line with market averages.

Growth & Financials

Victory Capital Holdings, Inc. (VCTR) grew revenue by 8.8% over the past year. This is steady growth.

Yes, Victory Capital Holdings, Inc. (VCTR) is profitable, generating $294.2M in net income for fiscal year 2024 (32.3% net margin).

Dividend & Returns

Yes, Victory Capital Holdings, Inc. (VCTR) pays a dividend with a yield of 2.28%. This makes it attractive for income-focused investors.

Victory Capital Holdings, Inc. (VCTR) has a return on equity (ROE) of 26.6%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Victory Capital Holdings, Inc. (VCTR) has a net interest margin (NIM) of -2.1%. NIM has been under pressure due to interest rate environment.

Victory Capital Holdings, Inc. (VCTR) has an efficiency ratio of 11.4%. This is excellent, indicating strong cost control.