Where do Victory Capital Holdings, Inc.'s ratios come from?

Every ratio is computed from Victory Capital Holdings, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	36.9%-11.6pp	36.6%-11.2pp	37.5%-8.9pp	40.7%-1.8pp	48.6%+8.0pp
Net margin	25.8%-7.1pp	25.3%-7.1pp	25.3%-5.5pp	27.2%-0.7pp	32.9%+6.6pp
EBITDA margin	42.8%-9.1pp	42.2%-9.0pp	42.6%-7.3pp	45.1%-1.6pp	51.9%+6.9pp
Free cash flow margin	29.1%-9.9pp	29.8%-8.1pp	28.9%-10.8pp	26.3%-12.9pp	39%-0.4pp
Returns
Return on equity	21.7%-4.9pp	18.6%-8.0pp	16.5%-7.3pp	15.6%-6.3pp	26.6%+5.9pp
Return on assets	11.3%-0.3pp	9.7%-1.6pp	8.6%-1.6pp	8.2%-1.1pp	11.6%+2.9pp
Return on invested capital	15.6%-1.5pp	13.7%-3.2pp	12.3%-3.3pp	11.7%-2.3pp	17.1%+4.1pp
Efficiency
Asset turnover	0.4×+0.1×	0.4×0.0×	0.3×0.0×	0.3×0.0×	0.4×0.0×
Leverage
Debt-to-equity	0.4×-0.4×	0.4×-0.5×	0.4×-0.4×	0.4×-0.5×	0.9×-0.1×
Debt-to-assets	0.2×-0.1×	0.2×-0.1×	0.2×-0.1×	0.2×-0.1×	0.4×0.0×
Net debt / EBITDA	1.5×-0.3×	1.5×-0.3×	1.8×-0.1×	2×-0.2×	1.7×-0.7×
Per Share
Book value per share	$36.65+107%	$36.53+115%	$35.83+101%	$36.26+113%	$17.69+8.3%
Valuation
Market capitalization	$4.1B+11.3%	$4.1B-3.8%	$4.32B+20.6%	$4.21B+37.0%	$3.68B+33.0%
Enterprise value	$5.04B+12.1%	$4.95B-3.3%	$5.23B+18.8%	$5.12B+30.0%	$4.49B+22.1%
Price / earnings	10.8×-1.7×	12.4×-2.3×	14.7×+1.3×	15.1×+2.1×	12.5×-0.1×
Price / sales	2.8×-1.3×	3.1×-1.6×	3.7×-0.4×	4.1×+0.5×	4.1×+0.8×
Price / book	1.7×-1.5×	1.7×-2.1×	1.8×-1.3×	1.7×-1.0×	3.2×+0.6×
EV / EBITDA	8×-1.7×	9×-2.2×	10.5×+0.4×	11×+1.1×	9.7×-0.1×
EV / sales	3.4×-1.6×	3.8×-1.9×	4.5×-0.6×	5×+0.3×	5×+0.6×
Free cash flow yield	10.5%+1.0pp	9.5%+1.5pp	7.8%-1.8pp	6.4%-4.4pp	9.5%-2.4pp
Earnings yield	9.3%+1.3pp	8.1%+1.3pp	6.8%-0.6pp	6.6%-1.1pp	8%+0.1pp
Dividend yield	4.1%+1.2pp	3.8%+1.5pp	3.3%+0.7pp	3%+0.2pp	2.9%-0.1pp
PEG ratio	0.4×0.0×	0.9×+0.5×	1.5×+1.0×	0.8×-4.0×	0.4×—

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Questions, answered.

Where do Victory Capital Holdings, Inc.'s ratios come from?: Every ratio is computed from Victory Capital Holdings, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.