Victory Capital Holdings, Inc. Class A Common Stock (VCTR)
Fair ValueFundamental
75
Price
$107.60
Market Cap
$6.62B
Part 1 · What the company is worth
Overview
Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors. The company also provides various investment products, including actively and passively managed mutual funds, rules-based and active exchange traded funds (ETF), institutional separate accounts, variable insurance products, alternative investments, private closed end funds, and a 529 education savings plan; and third-party investment products, such as mutual funds, third-party ETF model strategies, retail separately managed accounts, unified managed accounts, collective investment trusts, undertakings for the collective investment in transferable securities, and other pooled vehicles. In addition, it offers investment management services, fund administration services, fund transfer agent services, and fund distribution services. Victory Capital Holdings, Inc. was incorporated in 2013 and is based in San Antonio, Texas.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$1.56B
Trailing 12 months (through 6/30/2026)
Net Income
$461M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$381M
Total Equity
$2.42B
Total Liabilities
$1.82B
Current Ratio
1.24
Interest Coverage
10.88
Debt/EBITDA
1.84
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$105.33
Current Price
$107.60
Margin of Safety
-2.2%
Fair Value Range
$73.11 - $137.55
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
19.74
ROE
13.6%
P/B Ratio
2.79
P/FCF
11.74
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
10.1%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (18)
- EPS shows upward trend
- EPS CAGR 48.17%
- Price CAGR 34.01%
- P/FCF 11.74
- P/B ratio 2.79
- Debt/equity ratio
- Operating margin 41.3%
- Positive free cash flow
- CapEx intensity
- Interest coverage
- Debt/EBITDA
- Return on tangible assets
- ROE 19.3%
- Revenue growth 5Y 11.0%
- Earnings surprise, average 4.5%
- PEG ratio 1.26
- Earnings quality (operating cash flow / net income) 1.23
- Net margin trend 29.6% vs 27.2%
Failed (5)
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Share dilution 22.7%
- Piotroski F-Score 4/9
Unavailable (4)
- ROIC –
- Gross margin –
- Dividend payout –
- Current ratio
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Michael Dennis Policarpo II, C.P.A. | President, CFO & Chief Administrative Officer | 50 |
| Ms. Nina Gupta | Chief Legal Officer, Head of Human Resource Administration & Corporate Secretary | 50 |
| Mr. Mannik S. Dhillon C.A.I.A., C.F.A. | President of Investment Franchises & Solutions and Head of ETFs | 45 |
| Mr. Thomas Michael Sipp C.F.A. | Executive Vice President | 55 |
| Ms. Molly Weiss | CTO & Head of Digital Innovation | - |
| Carly Thomas | Director of Investor Relations & Responsible Business | - |
| Ms. Jessica Davila | Director of Global Communications | - |
| Ms. Lisa Marie Seballos | Director of Finance | - |
Audit Risk
6
Board Risk
8
Compensation Risk
7
Shareholder Rights Risk
6
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-26
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-06
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-10-13
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much VCTR moves, measured on its daily prices.
More volatile than 39% of the tracked stocks (90-day volatility).
- Volatility 30d
- 25.2%
- Volatility 90d
- 31.8%
- Beta vs S&P 500 (1y)
- 1.05Correlation 0.42
- Max drawdown (12m)
- -18.7%
- ATR (14d, % of price)
- 3.39%
Earnings reactions
How VCTR moved around its past quarterly results.
Next earnings release
Nov 4, 2026 · In 11 days · Time not known
EPS estimate: 1.97Revenue estimate: $409M
What usually happens
- Over the last 12 releases the stock moved a median of 4.6% the next day, up or down.
- Next-day moves: up 8, down 4 (out of 12).
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026 | After the close | 1.83 | 2.21 | +20.7% | +2.5% | +6.8% | +16.3% |
| May 6, 2026 | After the close | 1.64 | 1.69 | +2.7% | +6.0% | +1.7% | +5.7% |
| Feb 4, 2026 | After the close | 1.67 | 1.66 | -0.6% | +2.7% | -2.2% | +7.4% |
| Nov 6, 2025 | After the close | 1.58 | 1.51 | -4.7% | -2.8% | -0.8% | +2.7% |
| Aug 7, 2025 | After the close | n/a | n/a | n/a | +2.0% | +5.0% | +6.1% |
| May 8, 2025 | After the close | n/a | n/a | n/a | -1.4% | -1.5% | +6.2% |
| Feb 6, 2025 | After the close | n/a | n/a | n/a | 0.0% | +7.5% | +4.4% |
| Nov 7, 2024 | After the close | n/a | n/a | n/a | +6.4% | +4.1% | 0.0% |
| Aug 8, 2024 | After the close | n/a | n/a | n/a | +2.1% | +4.2% | +9.4% |
| May 9, 2024 | After the close | n/a | n/a | n/a | -2.5% | -6.8% | -0.4% |
| Feb 8, 2024 | After the close | n/a | n/a | n/a | +1.1% | +5.4% | +4.7% |
| Nov 2, 2023 | After the close | n/a | n/a | n/a | +6.7% | +5.9% | -2.3% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on VCTR and what the price did next.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for VCTR.
- 8/26/2026NEUTRALVictory Capital Agrees to Buy First Eagle For $7B
Victory Capital Holdings Inc. has entered into an agreement to acquire First Eagle Investments for $7 billion. This strategic move is poised to significantly expand Victory Capital's assets under management, projecting a combined total of approximately $571 billion. The acquisition is expected to enhance Victory Capital's market position and diversify its investment offerings. While the deal signals substantial growth ambitions, its immediate impact on shareholder value remains to be fully assessed pending integration and realization of synergies.