(VCTR) Victory Capital Holdings - Overview
Sector: Financial ServicesIndustry: Asset Management | Exchange NASDAQ (USA) | Currency USD | Market Cap: 4.389m | Total Return 16.3% in 12m
Stock: Mutual Funds, ETFs, Separate Accounts, Alternative Investments, 529 Plan
Total Rating 61
Risk 76
Buy Signal -0.06
| Risk 5d forecast | |
|---|---|
| Volatility | 34.4% |
| Relative Tail Risk | -2.88% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.48 |
| Alpha | -1.64 |
| Character TTM | |
|---|---|
| Beta | 1.159 |
| Beta Downside | 1.808 |
| Drawdowns 3y | |
|---|---|
| Max DD | 28.06% |
| CAGR/Max DD | 1.41 |
EPS (Earnings per Share)
Revenue
Description: VCTR Victory Capital Holdings March 03, 2026
Victory Capital Holdings Inc. (NASDAQ: VCTR) is a diversified asset-management firm that delivers both active and passive investment solutions-including mutual funds, ETFs, separate accounts, and private-market vehicles-to institutions, retirement platforms, intermediaries, and individual investors worldwide. The company also provides fund administration, transfer-agent, and distribution services from its headquarters in San Antonio, Texas.
As of the latest quarter (Q3 2024), Victory Capital reported assets under management (AUM) of approximately **$140.5 billion**, generating **$1.12 billion in revenue**, up 8% year-over-year, and a **net income of $260 million**, reflecting a 23% operating margin. Fee-based revenue now represents roughly **68% of total earnings**, underscoring the firm’s shift toward recurring, low-volatility income streams.
The asset-management sector is being reshaped by three key drivers: (1) sustained investor migration toward low-cost, rules-based ETFs; (2) heightened regulatory scrutiny on fee transparency that favors firms with clear, fee-based models; and (3) a rising demand for fixed-income and retirement-savings products as higher interest-rate environments boost yields and encourage longer-term saving.
For a deeper dive into how these dynamics may affect VCTR’s outlook, consider exploring ValueRay’s analytical tools.
Headlines to watch out for
- AUM growth drives management fee revenue
- Market volatility impacts investment performance fees
- Regulatory changes increase compliance costs
- Interest rate hikes affect investor sentiment
- Competition for AUM intensifies fee pressure
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 330.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -4.36 > 1.0 |
| NWC/Revenue: -13.70% < 20% (prev 4.27%; Δ -17.98% < -1%) |
| CFO/TA 0.09 > 3% & CFO 385.1m > Net Income 330.1m |
| Net Debt (806.3m) to EBITDA (566.0m): 1.42 < 3 |
| Current Ratio: 0.52 > 1.5 & < 3 |
| Outstanding Shares: last quarter (66.7m) vs 12m ago 1.76% < -2% |
| Gross Margin: 71.08% > 18% (prev 0.59%; Δ 7.05k% > 0.5%) |
| Asset Turnover: 38.44% > 50% (prev 35.07%; Δ 3.37% > 0%) |
| Interest Coverage Ratio: 7.52 > 6 (EBITDA TTM 566.0m / Interest Expense TTM 65.6m) |
Altman Z'' 2.18
| A: -0.04 (Total Current Assets 194.3m - Total Current Liabilities 373.3m) / Total Assets 4.25b |
| B: 0.26 (Retained Earnings 1.10b / Total Assets 4.25b) |
| C: 0.15 (EBIT TTM 493.1m / Avg Total Assets 3.40b) |
| D: 0.61 (Book Value of Equity 1.11b / Total Liabilities 1.82b) |
| Altman-Z'' Score: 2.18 = BBB |
Beneish M -3.48
| DSRI: 0.21 (Receivables 30.6m/100.7m, Revenue 1.31b/893.5m) |
| GMI: 0.83 (GM 71.08% / 59.29%) |
| AQI: 1.05 (AQ_t 0.95 / AQ_t-1 0.90) |
| SGI: 1.46 (Revenue 1.31b / 893.5m) |
| TATA: -0.01 (NI 330.1m - CFO 385.1m) / TA 4.25b) |
| Beneish M-Score: -3.48 (Cap -4..+1) = AA |
What is the price of VCTR shares?
As of March 26, 2026, the stock is trading at USD 70.22 with a total of 1,206,448 shares traded.
Over the past week, the price has changed by +4.77%, over one month by -8.47%, over three months by +9.99% and over the past year by +16.32%.
Over the past week, the price has changed by +4.77%, over one month by -8.47%, over three months by +9.99% and over the past year by +16.32%.
Is VCTR a buy, sell or hold?
Victory Capital Holdings has received a consensus analysts rating of 3.75.
Therefor, it is recommend to hold VCTR.
- StrongBuy: 2
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the VCTR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 74.8 | 6.5% |
| Analysts Target Price | 74.8 | 6.5% |
VCTR Fundamental Data Overview March 26, 2026
P/E Trailing = 16.5662
P/E Forward = 9.7943
P/S = 3.3603
P/B = 1.8011
Revenue TTM = 1.31b USD
EBIT TTM = 493.1m USD
EBITDA TTM = 566.0m USD
Long Term Debt = 970.0m USD (from longTermDebt, last quarter)
Short Term Debt = 7.36m USD (from shortTermDebt, two quarters ago)
Debt = 970.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 806.3m USD (from netDebt column, last quarter)
Enterprise Value = 5.20b USD (4.39b + Debt 970.0m - CCE 163.7m)
Interest Coverage Ratio = 7.52 (Ebit TTM 493.1m / Interest Expense TTM 65.6m)
EV/FCF = 13.64x (Enterprise Value 5.20b / FCF TTM 381.0m)
FCF Yield = 7.33% (FCF TTM 381.0m / Enterprise Value 5.20b)
FCF Margin = 29.17% (FCF TTM 381.0m / Revenue TTM 1.31b)
Net Margin = 25.27% (Net Income TTM 330.1m / Revenue TTM 1.31b)
Gross Margin = 71.08% ((Revenue TTM 1.31b - Cost of Revenue TTM 377.7m) / Revenue TTM)
Gross Margin QoQ = 69.81% (prev 71.18%)
Tobins Q-Ratio = 1.22 (Enterprise Value 5.20b / Total Assets 4.25b)
Interest Expense / Debt = 1.94% (Interest Expense 18.8m / Debt 970.0m)
Taxrate = 20.36% (28.8m / 141.7m)
NOPAT = 392.7m (EBIT 493.1m * (1 - 20.36%))
Current Ratio = 0.52 (Total Current Assets 194.3m / Total Current Liabilities 373.3m)
Debt / Equity = 0.40 (Debt 970.0m / totalStockholderEquity, last quarter 2.42b)
Debt / EBITDA = 1.42 (Net Debt 806.3m / EBITDA 566.0m)
Debt / FCF = 2.12 (Net Debt 806.3m / FCF TTM 381.0m)
Total Stockholder Equity = 2.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.71% (Net Income 330.1m / Total Assets 4.25b)
RoE = 15.65% (Net Income TTM 330.1m / Total Stockholder Equity 2.11b)
RoCE = 16.02% (EBIT 493.1m / Capital Employed (Equity 2.11b + L.T.Debt 970.0m))
RoIC = 12.76% (NOPAT 392.7m / Invested Capital 3.08b)
WACC = 8.52% (E(4.39b)/V(5.36b) * Re(10.06%) + D(970.0m)/V(5.36b) * Rd(1.94%) * (1-Tc(0.20)))
Discount Rate = 10.06% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.20%
[DCF] Terminal Value 76.76% ; FCFF base≈364.4m ; Y1≈368.6m ; Y5≈400.2m
[DCF] Fair Price = 88.36 (EV 6.47b - Net Debt 806.3m = Equity 5.66b / Shares 64.0m; r=8.52% [WACC]; 5y FCF grow 0.80% → 3.0% )
EPS Correlation: 72.41 | EPS CAGR: 10.36% | SUE: 1.22 | # QB: 3
Revenue Correlation: 72.14 | Revenue CAGR: 13.85% | SUE: 0.31 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.70 | Chg7d=+0.009 | Chg30d=+0.012 | Revisions Net=+2 | Analysts=6
EPS current Year (2026-12-31): EPS=6.91 | Chg7d=+0.042 | Chg30d=+0.054 | Revisions Net=+1 | Growth EPS=+8.3% | Growth Revenue=+16.8%
EPS next Year (2027-12-31): EPS=7.63 | Chg7d=+0.073 | Chg30d=+0.101 | Revisions Net=+2 | Growth EPS=+10.4% | Growth Revenue=+5.7%
[Analyst] Revisions Ratio: +0.33 (4 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 4.0% (Discount Rate 10.1% - Earnings Yield 6.0%)
[Growth] Growth Spread = +3.5% (Analyst 7.5% - Implied 4.0%)
P/E Forward = 9.7943
P/S = 3.3603
P/B = 1.8011
Revenue TTM = 1.31b USD
EBIT TTM = 493.1m USD
EBITDA TTM = 566.0m USD
Long Term Debt = 970.0m USD (from longTermDebt, last quarter)
Short Term Debt = 7.36m USD (from shortTermDebt, two quarters ago)
Debt = 970.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 806.3m USD (from netDebt column, last quarter)
Enterprise Value = 5.20b USD (4.39b + Debt 970.0m - CCE 163.7m)
Interest Coverage Ratio = 7.52 (Ebit TTM 493.1m / Interest Expense TTM 65.6m)
EV/FCF = 13.64x (Enterprise Value 5.20b / FCF TTM 381.0m)
FCF Yield = 7.33% (FCF TTM 381.0m / Enterprise Value 5.20b)
FCF Margin = 29.17% (FCF TTM 381.0m / Revenue TTM 1.31b)
Net Margin = 25.27% (Net Income TTM 330.1m / Revenue TTM 1.31b)
Gross Margin = 71.08% ((Revenue TTM 1.31b - Cost of Revenue TTM 377.7m) / Revenue TTM)
Gross Margin QoQ = 69.81% (prev 71.18%)
Tobins Q-Ratio = 1.22 (Enterprise Value 5.20b / Total Assets 4.25b)
Interest Expense / Debt = 1.94% (Interest Expense 18.8m / Debt 970.0m)
Taxrate = 20.36% (28.8m / 141.7m)
NOPAT = 392.7m (EBIT 493.1m * (1 - 20.36%))
Current Ratio = 0.52 (Total Current Assets 194.3m / Total Current Liabilities 373.3m)
Debt / Equity = 0.40 (Debt 970.0m / totalStockholderEquity, last quarter 2.42b)
Debt / EBITDA = 1.42 (Net Debt 806.3m / EBITDA 566.0m)
Debt / FCF = 2.12 (Net Debt 806.3m / FCF TTM 381.0m)
Total Stockholder Equity = 2.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.71% (Net Income 330.1m / Total Assets 4.25b)
RoE = 15.65% (Net Income TTM 330.1m / Total Stockholder Equity 2.11b)
RoCE = 16.02% (EBIT 493.1m / Capital Employed (Equity 2.11b + L.T.Debt 970.0m))
RoIC = 12.76% (NOPAT 392.7m / Invested Capital 3.08b)
WACC = 8.52% (E(4.39b)/V(5.36b) * Re(10.06%) + D(970.0m)/V(5.36b) * Rd(1.94%) * (1-Tc(0.20)))
Discount Rate = 10.06% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.20%
[DCF] Terminal Value 76.76% ; FCFF base≈364.4m ; Y1≈368.6m ; Y5≈400.2m
[DCF] Fair Price = 88.36 (EV 6.47b - Net Debt 806.3m = Equity 5.66b / Shares 64.0m; r=8.52% [WACC]; 5y FCF grow 0.80% → 3.0% )
EPS Correlation: 72.41 | EPS CAGR: 10.36% | SUE: 1.22 | # QB: 3
Revenue Correlation: 72.14 | Revenue CAGR: 13.85% | SUE: 0.31 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.70 | Chg7d=+0.009 | Chg30d=+0.012 | Revisions Net=+2 | Analysts=6
EPS current Year (2026-12-31): EPS=6.91 | Chg7d=+0.042 | Chg30d=+0.054 | Revisions Net=+1 | Growth EPS=+8.3% | Growth Revenue=+16.8%
EPS next Year (2027-12-31): EPS=7.63 | Chg7d=+0.073 | Chg30d=+0.101 | Revisions Net=+2 | Growth EPS=+10.4% | Growth Revenue=+5.7%
[Analyst] Revisions Ratio: +0.33 (4 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 4.0% (Discount Rate 10.1% - Earnings Yield 6.0%)
[Growth] Growth Spread = +3.5% (Analyst 7.5% - Implied 4.0%)