VCTRVictory Capital Holdings, Inc.
Investment Advice
- Revenue
- $1.3B
- 46% YoY
- Operating margin
- 36.6%
- 23% YoY
- EBITDA
- $551M
- 20% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.6×
- $898M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear117% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear91% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear30% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $890M | $855M | $821M | $893M | $1.3B | 46% |
| Operating income | $374M | $399M | $328M | $428M | $478M | 12% |
| Net income | $278M | $276M | $213M | $289M | $330M | 14% |
| Operating cash flow | $376M | $335M | $330M | $340M | $385M | 13% |
| Capex | $13M | $5M | $5M | $1M | $4M | 225% |
| Stock-based comp | — | — | $17M | $15M | $20M | 34% |
| Buybacks | $32M | $101M | $139M | $104M | $196M | 89% |
| Dividends | $37M | $69M | $85M | $101M | $157M | 55% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.