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Viking Holdings Ltd (VIK) 10-Year Financial Performance & Capital Metrics

VIK • • Industrial / General
Consumer CyclicalTravel ServicesCruise OperatorsExpedition & Luxury Cruises
AboutViking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships. The company was founded in 1997 and is based in Pembroke, Bermuda.Show more
  • Revenue $5.33B +13.2%
  • EBITDA $1.34B +24.9%
  • Net Income $152M +108.2%
  • EPS (Diluted) 0.30 +107.0%
  • Gross Margin 36.73% +7.8%
  • EBITDA Margin 25.05% +10.3%
  • Operating Margin 20.16% +16.4%
  • Net Margin 2.86% +107.3%
  • ROE -
  • ROIC 96.22%
  • Debt/Equity -
  • Interest Coverage 2.83 +66.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 21.8% free cash flow margin
  • ✓Momentum leader: RS Rating 81 (top 19%)
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y104.35%
TTM20.04%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM269.87%

EPS CAGR

10Y-
5Y-
3Y-
TTM190.34%

ROCE

10Y Avg6.38%
5Y Avg6.38%
3Y Avg15.4%
Latest23.81%

Peer Comparison

Expedition & Luxury Cruises
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
VIKViking Holdings Ltd22.17B70.2023413.23%15.53%118.39%5.25%

Profit & Loss

Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+625.1M3.18B4.71B5.33B
Revenue Growth %-4.08%0.48%0.13%
Cost of Goods Sold+916.69M2.43B3.11B3.37B
COGS % of Revenue1.47%0.76%0.66%0.63%
Gross Profit+-291.59M747.1M1.6B1.96B
Gross Margin %-0.47%0.24%0.34%0.37%
Gross Profit Growth %-3.56%1.15%0.22%
Operating Expenses+462.16M684.01M789.04M883.89M
OpEx % of Revenue0.74%0.22%0.17%0.17%
Selling, General & Admin462.16M684.01M789.04M883.89M
SG&A % of Revenue0.74%0.22%0.17%0.17%
Research & Development0000
R&D % of Revenue----
Other Operating Expenses0000
Operating Income+-753.75M63.09M815.95M1.08B
Operating Margin %-1.21%0.02%0.17%0.2%
Operating Income Growth %-1.08%11.93%0.32%
EBITDA+-549.34M339.6M1.07B1.34B
EBITDA Margin %-0.88%0.11%0.23%0.25%
EBITDA Growth %-1.62%2.15%0.25%
D&A (Non-Cash Add-back)204.41M276.51M253.72M260.84M
EBIT-1.71B864.06M-1.36B550.32M
Net Interest Income+-396M-442.59M-431.92M-311.11M
Interest Income1.93M14.04M48.03M69.37M
Interest Expense397.93M456.64M479.95M380.49M
Other Income/Expense-1.35B344.33M-2.66B-905.23M
Pretax Income+-2.11B407.42M-1.84B169.83M
Pretax Margin %-3.37%0.13%-0.39%0.03%
Income Tax+5.03M8.9M6.64M16.86M
Effective Tax Rate %1%0.98%1%0.9%
Net Income+-2.11B398.56M-1.85B152.33M
Net Margin %-3.38%0.13%-0.39%0.03%
Net Income Growth %-1.19%-5.64%1.08%
Net Income (Continuing)-2.11B398.52M-1.85B152.98M
Discontinued Operations0000
Minority Interest2.4M3.26M3.72M3.75M
EPS (Diluted)+-4.900.92-4.310.30
EPS Growth %-1.19%-5.68%1.07%
EPS (Basic)-4.900.92-4.310.36
Diluted Shares Outstanding431.46M431.46M431.46M431.6M
Basic Shares Outstanding431.46M431.46M431.46M364.01M
Dividend Payout Ratio-0.12%-0.12%

Balance Sheet

Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+2.91B2.16B2.35B3.22B
Cash & Short-Term Investments1.91B1.25B1.59B2.34B
Cash Only1.81B1.25B1.53B2.34B
Short-Term Investments100.92M945K55.29M0
Accounts Receivable725.29M577.78M357.07M239.02M
Days Sales Outstanding423.566.427.6716.36
Inventory32.7M45.38M54.6M91.47M
Days Inventory Outstanding13.026.826.429.89
Other Current Assets239.15M287.36M351.42M533.22M
Total Non-Current Assets+4.78B5.69B6.14B6.9B
Property, Plant & Equipment4.57B5.47B5.89B6.66B
Fixed Asset Turnover0.14x0.58x0.80x0.80x
Goodwill7.8M7.8M00
Intangible Assets72.57M58.09M62.13M61.06M
Long-Term Investments7.16M6.5M10.47M12.73M
Other Non-Current Assets103.87M137.86M136.85M115.46M
Total Assets+7.69B7.86B8.5B10.12B
Asset Turnover0.08x0.40x0.55x0.53x
Asset Growth %-0.02%0.08%0.19%
Total Current Liabilities+4.04B4.1B4.36B5.22B
Accounts Payable108.16M194.89M244.58M236.38M
Days Payables Outstanding43.0729.2928.7525.56
Short-Term Debt211.63M251.56M253.02M469.77M
Deferred Revenue (Current)1000K1000K1000K1000K
Other Current Liabilities192.89M126.85M305.84M81.72M
Current Ratio0.72x0.53x0.54x0.62x
Quick Ratio0.71x0.52x0.53x0.60x
Cash Conversion Cycle393.4543.935.340.68
Total Non-Current Liabilities+7.53B7.25B9.48B5.12B
Long-Term Debt4.54B4.94B5.04B4.87B
Capital Lease Obligations87.32M239.42M227.96M207.59M
Deferred Tax Liabilities4.04M5.26M4.08M4.7M
Other Non-Current Liabilities2.9B2.07B4.21B40.65M
Total Liabilities11.57B11.35B13.85B10.34B
Total Debt+4.85B5.45B5.55B5.57B
Net Debt3.03B4.2B4.01B3.23B
Debt / Equity----
Debt / EBITDA-16.05x5.19x4.17x
Net Debt / EBITDA-12.36x3.75x2.42x
Interest Coverage-1.89x0.14x1.70x2.83x
Total Equity+-3.88B-3.49B-5.35B-218.98M
Equity Growth %-0.1%-0.53%0.96%
Book Value per Share-9.00-8.10-12.40-0.51
Total Shareholders' Equity-3.89B-3.5B-5.35B-222.73M
Common Stock86K2.25M2.25M4.48M
Retained Earnings-3.95B-3.59B-5.5B-5.29B
Treasury Stock000-124.11M
Accumulated OCI000177.22M
Minority Interest2.4M3.26M3.72M3.75M

Cash Flow

Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+359.81M-15.44M1.37B2.08B
Operating CF Margin %0.58%-0%0.29%0.39%
Operating CF Growth %--1.04%89.85%0.52%
Net Income-2.11B398.56M-1.86B152.98M
Depreciation & Amortization204.41M276.51M251.31M260.84M
Stock-Based Compensation23.9M25.26M17.91M14.11M
Deferred Taxes0000
Other Non-Cash Items1.44B-164.67M2.66B890.94M
Working Capital Changes1.25B39.87M299.34M763.13M
Change in Receivables-8.18M-401K-2.42M0
Change in Inventory-7.02M-12.68M-9.22M-36.55M
Change in Payables0000
Cash from Investing+-677.39M-856.38M-634.23M-853.71M
Capital Expenditures-959.39M-954.9M-676.34M-917.42M
CapEx % of Revenue1.53%0.3%0.14%0.17%
Acquisitions----
Investments----
Other Investing-18M-1.48M42.11M72.21M
Cash from Financing+1.31B322.04M-479.65M-247.9M
Debt Issued (Net)----
Equity Issued (Net)----
Dividends Paid-51.22M-46.46M-49.63M-18.95M
Share Repurchases----
Other Financing-383.41M-459.67M-514.76M-534.41M
Net Change in Cash----
Free Cash Flow+-599.58M-970.33M695M1.16B
FCF Margin %-0.96%-0.31%0.15%0.22%
FCF Growth %--0.62%1.72%0.68%
FCF per Share-1.39-2.251.612.70
FCF Conversion (FCF/Net Income)-0.17x-0.04x-0.74x13.67x
Interest Paid0000
Taxes Paid0000

Key Ratios

Metric2021202220232024
Return on Invested Capital (ROIC)-6.71%-96.22%
Gross Margin-46.65%23.52%34.07%36.73%
Net Margin-337.86%12.55%-39.29%2.86%
Interest Coverage-1.89x0.14x1.70x2.83x
FCF Conversion-0.17x-0.04x-0.74x13.67x
Revenue Growth-408.07%48.32%13.23%

Revenue by Segment

2024
Management Service Revenue8.68M
Management Service Revenue Growth-

Frequently Asked Questions

Valuation & Price

Viking Holdings Ltd (VIK) has a price-to-earnings (P/E) ratio of 234.0x. This suggests investors expect higher future growth.

Growth & Financials

Viking Holdings Ltd (VIK) reported $6.13B in revenue for fiscal year 2024. This represents a 880% increase from $625.1M in 2021.

Viking Holdings Ltd (VIK) grew revenue by 13.2% over the past year. This is steady growth.

Yes, Viking Holdings Ltd (VIK) is profitable, generating $951.3M in net income for fiscal year 2024 (2.9% net margin).

Dividend & Returns

Viking Holdings Ltd (VIK) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Viking Holdings Ltd (VIK) generated $673.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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