Victory Capital Holdings Inc (VCTR) - Net Assets
Based on the latest financial reports, Victory Capital Holdings Inc (VCTR) has net assets worth $2.38 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.18 Billion) and total liabilities ($1.80 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Victory Capital Holdings Inc (VCTR) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.38 Billion |
| % of Total Assets | 56.88% |
| Annual Growth Rate | 25.53% |
| 5-Year Change | 160.74% |
| 10-Year Change | 632.55% |
| Growth Volatility | 41.75 |
Victory Capital Holdings Inc - Net Assets Trend (2015–2025)
This chart illustrates how Victory Capital Holdings Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see VCTR stock market capitalisation.
Annual Net Assets for Victory Capital Holdings Inc (2015–2025)
The table below shows the annual net assets of Victory Capital Holdings Inc from 2015 to 2025. Also explore VCTR net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.42 Billion | +116.18% |
| 2024-12-31 | $1.12 Billion | +6.52% |
| 2023-12-31 | $1.05 Billion | -1.16% |
| 2022-12-31 | $1.07 Billion | +14.57% |
| 2021-12-31 | $929.93 Million | +31.43% |
| 2020-12-31 | $707.54 Million | +31.54% |
| 2019-12-31 | $537.87 Million | +18.07% |
| 2018-12-31 | $455.55 Million | +97.05% |
| 2017-12-31 | $231.18 Million | -30.16% |
| 2016-12-31 | $331.00 Million | +32.70% |
| 2015-12-31 | $249.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Victory Capital Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 116553500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.10 Billion | 45.27% |
| Common Stock | $879.00K | 0.04% |
| Other Comprehensive Income | $9.02 Million | 0.37% |
| Other Components | $1.32 Billion | 54.32% |
| Total Equity | $2.42 Billion | 100.00% |
Victory Capital Holdings Inc Competitors by Market Cap
The table below lists competitors of Victory Capital Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maase Inc.
NASDAQ:MAAS
|
$6.69 Billion |
|
KINGFISHER ADR/2 LS-1571
F:KFI2
|
$6.70 Billion |
|
Changjiang Securities Co Ltd
SHE:000783
|
$6.70 Billion |
|
Motilal Oswal Financial Services Limited
NSE:MOTILALOFS
|
$6.70 Billion |
|
Huadong Medicine Co Ltd
SHE:000963
|
$6.69 Billion |
|
Powertech Technology Inc
TW:6239
|
$6.68 Billion |
|
Vornado Realty Trust
NYSE:VNO
|
$6.67 Billion |
|
Jindal Stainless Limited
NSE:JSL
|
$6.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Victory Capital Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,121,637,000 to 2,424,729,000, a change of 1,303,092,000 (116.2%).
- Net income of 330,062,000 contributed positively to equity growth.
- Dividend payments of 125,472,000 reduced retained earnings.
- Share repurchases of 144,925,000 reduced equity.
- New share issuances of 1,840,000 increased equity.
- Other comprehensive income decreased equity by 9,663,000.
- Other factors increased equity by 1,251,250,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $330.06 Million | +13.61% |
| Dividends Paid | $125.47 Million | -5.17% |
| Share Repurchases | $144.93 Million | -5.98% |
| Share Issuances | $1.84 Million | +0.08% |
| Other Comprehensive Income | $-9.66 Million | -0.4% |
| Other Changes | $1.25 Billion | +51.6% |
| Total Change | $- | 116.18% |
Book Value vs Market Value Analysis
This analysis compares Victory Capital Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.98x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 31.05x to 2.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $3.50 | $108.75 | x |
| 2016-12-31 | $4.65 | $108.75 | x |
| 2017-12-31 | $4.19 | $108.75 | x |
| 2018-12-31 | $6.46 | $108.75 | x |
| 2019-12-31 | $7.32 | $108.75 | x |
| 2020-12-31 | $9.60 | $108.75 | x |
| 2021-12-31 | $12.54 | $108.75 | x |
| 2022-12-31 | $14.74 | $108.75 | x |
| 2023-12-31 | $15.44 | $108.75 | x |
| 2024-12-31 | $17.01 | $108.75 | x |
| 2025-12-31 | $36.53 | $108.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Victory Capital Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.27%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.75x
- Recent ROE (13.61%) is below the historical average (17.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 1.52% | 1.58% | 0.39x | 2.49x | $-21.14 Million |
| 2016 | -1.83% | -2.04% | 0.35x | 2.57x | $-39.17 Million |
| 2017 | 11.17% | 6.30% | 0.52x | 3.43x | $2.71 Million |
| 2018 | 13.98% | 15.41% | 0.52x | 1.76x | $18.15 Million |
| 2019 | 17.20% | 15.10% | 0.35x | 3.26x | $38.70 Million |
| 2020 | 30.04% | 27.41% | 0.45x | 2.45x | $141.77 Million |
| 2021 | 29.94% | 31.27% | 0.35x | 2.77x | $185.40 Million |
| 2022 | 25.86% | 32.23% | 0.34x | 2.38x | $168.97 Million |
| 2023 | 20.24% | 25.96% | 0.32x | 2.41x | $107.86 Million |
| 2024 | 25.75% | 32.33% | 0.35x | 2.27x | $176.70 Million |
| 2025 | 13.61% | 25.27% | 0.31x | 1.75x | $87.59 Million |
Industry Comparison
This section compares Victory Capital Holdings Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $977,843,285
- Average return on equity (ROE) among peers: -32.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Victory Capital Holdings Inc (VCTR) | $2.38 Billion | 1.52% | 0.76x | $6.69 Billion |
| Acadian Asset Management Inc (AAMI) | $2.54 Billion | 1.01% | 2.37x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $490.71 Million | 39.40% | 0.48x | $3.25 Billion |
| Associated Capital Group Inc (AC) | $964.38 Million | 0.92% | 0.04x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $143.60 Million | 58.18% | 0.22x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $201.38 Million | 8.33% | 1.00x | $79.12 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alpha Compute Corp (ALP) | $1.60 Million | -59.87% | 0.09x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $320.71 Million |
| Amber International Holding Limited (AMBR) | $14.38 Million | -201.69% | 2.45x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $4.64 Billion | 24.69% | 0.91x | $9.87 Billion |
About Victory Capital Holdings Inc
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 ac… Read more