Victory Capital Holdings, Inc. - Understand $vctr stock

$VCTR Market Cap: $4.383 Billion

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Financial Snapshot

Revenue

$866.9M

TTM

Gross Margin

83.14%

TTM

Net Earnings

$267.1M

TTM

Current Assets

$293.1M

Q3 2024

Current Liabilities

$268.3M

Q3 2024

Current Ratio

109.26%

Q3 2024

Total Assets

$2.612B

Q3 2024

Total Liabilities

$1.437B

Q3 2024

Book Value

$1.175B

Q3 2024

Cash

$188.2M

Q3 2024

P/E

16.41

Nov 29, 2024 EST

Free Cash Flow

$343.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$821.0M	$854.8M	$890.3M	$775.4M	$612.4M	$413.4M	$413.4M	$297.9M	$240.8M
YoY Change	-3.95%	-3.98%	14.82%	26.61%	48.13%	0.0%	38.78%	23.71%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$821.0M	$854.8M	$890.3M	$775.4M	$612.4M	$413.4M	$413.4M	$297.9M	$240.8M
Cost Of Revenue	$149.6M	$161.1M	$176.4M	$175.7M	$146.6M	$94.70M	$103.4M	$77.50M	$51.50M
Gross Profit	$671.4M	$693.7M	$713.9M	$599.7M	$465.8M	$318.7M	$306.2M	$220.4M	$189.3M
Gross Profit Margin	81.78%	81.15%	80.19%	77.35%	76.06%	77.09%	74.07%	73.98%	78.61%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$277.3M	$290.6M	$288.6M	$248.4M	$226.4M	$175.9M	$178.1M	$149.2M	$116.8M
YoY Change	-4.57%	0.7%	16.17%	9.72%	28.71%	-1.24%	19.37%	27.74%
% of Gross Profit	41.3%	41.89%	40.42%	41.42%	48.6%	55.19%	58.16%	67.7%	61.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$41.65M	$43.20M	$18.84M	$16.38M	$23.87M	$23.28M	$29.91M	$30.40M	$27.30M
YoY Change	-3.6%	129.3%	15.01%	-31.38%	2.56%	-22.18%	-1.61%	11.36%
% of Gross Profit	6.2%	6.23%	2.64%	2.73%	5.13%	7.3%	9.77%	13.79%	14.42%
Operating Expenses	$492.6M	$455.7M	$307.4M	$264.7M	$447.8M	$298.9M	$319.5M	$179.6M	$144.0M
YoY Change	8.09%	48.24%	16.13%	-40.88%	49.8%	-6.44%	77.87%	24.72%
Operating Profit	$328.5M	$399.1M	$406.5M	$335.0M	$164.6M	$114.5M	$90.17M	$40.80M	$45.30M
YoY Change	-17.7%	-1.81%	21.34%	103.5%	43.75%	27.01%	121.0%	-9.93%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	-$52.55M	-$45.97M	-$18.24M	-$32.70M	-$33.50M	-$23.00M	-$51.40M	-$33.60M	-$26.00M
YoY Change	14.31%	152.08%	-44.23%	-2.39%	45.65%	-55.25%	52.98%	29.23%
% of Operating Profit	-16.0%	-11.52%	-4.49%	-9.76%	-20.35%	-20.08%	-57.0%	-82.35%	-57.4%
Other Income/Expense, Net	-$52.55M	-$49.08M	-$370.0K	-$600.0K	-$43.93M	-$29.61M	-$51.71M
YoY Change	7.08%	13163.51%	-38.33%	-98.63%	48.38%	-42.74%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	$275.9M	$350.0M	$350.6M	$278.5M	$120.7M	$84.91M	$38.46M	-$9.100M	$7.200M
YoY Change	-21.18%	-0.17%	25.9%	130.76%	42.13%	120.79%	-522.62%	-226.39%
Income Tax	$62.75M	$74.52M	$72.25M	$66.02M	$28.20M	$21.21M	$12.63M	-$3.000M	$3.400M
% Of Pretax Income	22.74%	21.29%	20.61%	23.7%	23.36%	24.98%	32.85%		47.22%
Net Earnings	$213.2M	$275.5M	$278.4M	$212.5M	$92.49M	$63.70M	$25.83M	-$6.100M	$3.800M
YoY Change	-22.63%	-1.03%	30.99%	129.78%	45.19%	146.67%	-523.38%	-260.53%
Net Earnings / Revenue	25.96%	32.23%	31.27%	27.41%	15.1%	15.41%	6.25%	-2.05%	1.58%
Basic Earnings Per Share	$3.22	$4.02	$4.10	$3.14	$1.37	$0.96	$0.47
Diluted Earnings Per Share	$3.12	$3.81	$3.75	$2.88	$1.26	$0.90	$0.43	-$91.32K	$56.89K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$123.5M	$38.17M	$69.53M	$22.70M	$37.10M	$51.50M	$12.90M	$16.40M	$15.10M
YoY Change	223.67%	-45.1%	206.31%	-38.81%	-27.96%	299.22%	-21.34%	8.61%
Cash & Equivalents	$123.5M	$38.17M	$69.53M	$22.70M	$37.10M	$51.50M	$12.90M	$16.40M	$15.10M
Short-Term Investments
Other Short-Term Assets	$5.785M	$8.443M	$6.654M	$6.100M	$4.900M	$2.700M	$5.400M	$4.200M	$3.600M
YoY Change	-31.48%	26.89%	9.08%	24.49%	81.48%	-50.0%	28.57%	16.67%
Inventory
Prepaid Expenses
Receivables	$86.13M	$82.73M	$97.76M	$84.90M	$93.60M	$41.10M	$46.20M	$48.20M	$30.30M
Other Receivables	$1.444M	$1.747M	$6.548M	$3.300M	$1.500M	$3.000M	$9.700M	$35.70M	$6.700M
Total Short-Term Assets	$216.9M	$131.1M	$180.5M	$117.0M	$137.1M	$98.30M	$74.20M	$104.5M	$55.70M
YoY Change	65.46%	-27.37%	54.27%	-14.66%	39.47%	32.48%	-29.0%	87.61%
Property, Plant & Equipment	$19.58M	$34.54M	$25.30M	$18.70M	$13.20M	$8.800M	$8.800M	$9.500M	$6.600M
YoY Change	-43.32%	36.56%	35.27%	41.67%	50.0%	0.0%	-7.37%	43.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$31.81M	$27.27M	$32.82M	$24.90M	$19.10M	$13.30M	$11.30M	$6.200M	$3.400M
YoY Change	16.66%	-16.93%	31.82%	30.37%	43.61%	17.7%	82.26%	82.35%
Other Assets							$1.100M	$8.100M	$5.200M
YoY Change							-86.42%	55.77%
Total Long-Term Assets	$2.326B	$2.410B	$2.399B	$1.614B	$1.616B	$703.2M	$718.4M	$746.5M	$564.7M
YoY Change	-3.49%	0.44%	48.68%	-0.15%	129.84%	-2.12%	-3.76%	32.19%
Total Assets	$2.543B	$2.541B	$2.580B	$1.731B	$1.753B	$801.5M	$792.6M	$851.0M	$620.4M
YoY Change
Accounts Payable	$56.48M	$50.86M	$62.10M	$1.400M	$300.0K	$600.0K	$300.0K	$3.700M	$1.400M
YoY Change	11.04%	-18.1%	4335.86%	366.67%	-50.0%	100.0%	-91.89%	164.29%
Accrued Expenses	$55.46M	$73.78M	$53.91M	$88.10M	$143.8M	$50.00M	$51.00M	$68.10M	$38.70M
YoY Change	-24.83%	36.86%	-38.81%	-38.73%	187.6%	-1.96%	-25.11%	75.97%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$329.1M	$355.0M	$425.4M	$182.0M	$262.8M	$56.40M	$61.20M	$89.10M	$53.20M
YoY Change	-7.3%	-16.54%	133.73%	-30.75%	365.96%	-7.84%	-31.31%	67.48%
Long-Term Debt	$989.3M	$985.5M	$1.128B	$769.0M	$924.5M	$268.9M	$483.2M	$418.5M	$311.9M
YoY Change	0.38%	-12.63%	46.67%	-16.82%	243.81%	-44.35%	15.46%	34.18%
Other Long-Term Liabilities	$42.50M	$26.80M	$33.39M	$34.60M	$22.70M	$14.50M	$13.00M	$12.40M	$5.900M
YoY Change	58.58%	-19.73%	-3.5%	52.42%	56.55%	11.54%	4.84%	110.17%
Total Long-Term Liabilities	$1.032B	$1.012B	$1.161B	$803.6M	$947.2M	$283.4M	$496.2M	$430.9M	$317.8M
YoY Change	1.92%	-12.83%	44.51%	-15.16%	234.23%	-42.89%	15.15%	35.59%
Total Liabilities	$1.490B	$1.475B	$1.650B	$1.023B	$1.215B	$346.0M	$561.4M	$520.0M	$371.0M
YoY Change	0.96%	-10.57%	61.24%	-15.81%	251.27%	-38.37%	7.96%	40.16%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	66.20M	68.48M	67.98M	67.71M	67.62M	66.30M	54.93M
Diluted Shares Outstanding	68.21M	72.27M	74.15M	73.72M	73.47M	70.51M	59.58M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.3833 Billion

About Victory Capital Holdings, Inc.

Victory Capital Holdings, Inc. engages in the provision of investment management products and services to institutional and intermediary clients. The company is headquartered in San Antonio, Texas and currently employs 481 full-time employees. The company went IPO on 2018-02-08. The firm provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 11 autonomous investment franchises and a solutions platform, the Company offers an array of investment products, including actively and passively managed mutual funds, rules-based and active exchange traded funds (ETFs), institutional separate accounts, variable insurance products (VIPs), alternative investments, private closed end funds, and a 529 Education Savings Plan. Its strategies are also offered through third-party investment products, including mutual funds, third-party ETF model strategies, retail separately managed accounts and unified managed accounts. Its franchises and our solutions platform collectively manage a diversified set of 118 investment strategies. The firm's investment adviser is Victory Capital Management Inc.

Industry: Investment Advice Peers: AssetMark Financial Holdings, Inc. Artisan Partners Asset Management Inc. Blackstone Inc. Bridge Investment Group Holdings Inc. Focus Financial Partners Inc. GCM Grosvenor Inc. Goldman Sachs BDC, Inc. GOLUB CAPITAL BDC, Inc. Hercules Capital, Inc.