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VIK · NYSE · United States · Water Transportation
In shortViking Holdings Ltd is profitable, generates cash and carries heavy debt, with revenue growing (+21.9% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 23.1% | 94/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 17.7% | 91/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 263.5% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 22.4% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.79× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 5.03× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.95× | 87/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 4.14× | 25/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -0.83 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 39.4% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.23× | 100/100 |
| Years with positive free cash flow (last 5) | 4 of 4 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 4 | 75/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 3 | 100/100 |
| Revenue growth volatility | 18.3% | 43/100 |
| Operating margin volatility | 9.4% | 24/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 27.0% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 3,176 | 4,710 | 5,334 | 6,501 |
| Cost of revenue | 2,152 | 2,852 | 3,114 | 3,684 |
| Gross profit | 1,024 | 1,859 | 2,220 | 2,818 |
| Selling, general & admin | 683 | 789 | 884 | 1,031 |
| Operating income | 63 | 816 | 1,075 | 1,502 |
| Interest expense | 439 | 528 | 380 | 363 |
| Pre-tax income | 424 | (1,843) | 170 | 1,168 |
| Income tax | 8.9 | 6.6 | 17 | 20 |
| Net income | 415 | (1,851) | 152 | 1,148 |
| Diluted EPS | −$0.73 | −$4.42 | $0.36 | $2.57 |
| Diluted shares (millions) | 406 | 222 | 367 | 446 |
−0.83 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 3, 2026