Viking Holdings Ltd
VIK NYSE· Water Transportation
Last close · Nov 13, 2026
$89.87
Latest quarter · Q4 '25 results quarter ended Dec 31, 2025 · vs Q4 '24
| Line | Q4 '24 | Q4 '25 | Change (y/y) |
|---|---|---|---|
| Revenue | $1.3B | $1.7B | 27.8% |
| Net income | $104M | $300M | 189.3% |
| Diluted EPS | $0.31 | $0.67 | 116.1% |
| Operating margin | 17.1% | 20.9% | 3.8 pts |
Key numbers, fiscal 2025
Market cap
$40.1B
P/E
35.0x
Revenue
$6.5B
Net income
$1.1B
Free cash flow
—
Operating margin
23.1%
Viking Holdings Ltd in 30 seconds fiscal 2025
Are sales growing?
+21.9%
Yes. Sales grew 21.9% last year.
Does it make a profit?
17.7%
Yes. It keeps 17.7% of every sale as profit.
Is debt under control?
1.0x
Keep an eye on it. Repaying its debt would take 1.0 years of operating profit.
How healthy are the accounts?
8 / 9
Solid. It passes 8 of 9 health tests.
How is the share priced?
35.0x
One share costs 35.0 times its yearly profit per share.
What Viking Holdings Ltd does
Viking sells cruises on rivers, oceans and expedition routes, taking passengers to destinations on all seven continents. Its trips focus on local history, culture and, on expedition voyages, scientific exploration. The company operates under one Viking brand, with river cruises, ocean voyages, expeditions, Mississippi River trips and Asia Outbound cruises for Mandarin-speaking travelers. Its core customers are curious, affluent, English-speaking travelers aged 55 years and older. Trips include a shore excursion at every port, and the company also sells pre- and post-trip extensions. Viking’s products include Viking River, Viking Ocean, Viking Expedition, Viking Mississippi and Asia Outbound. Its itineraries cover five oceans, 21 rivers and five lakes, with a focus primarily on Europe and the Mediterranean.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Mar 3, 2026
- Legal name
- Viking Holdings Ltd
- CIK
- 0001745201
Viking Holdings Ltd · VIK · stoqly.net
Results and finances
The last 4 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $3.2B | $4.7B | $5.3B | $6.5B |
| Revenue growth | — | 48.3% | 13.2% | 21.9% |
| Gross margin | 32.2% | 39.5% | 41.6% | 43.3% |
| Operating margin | 2.0% | 17.3% | 20.2% | 23.1% |
| Net income | $415M | −$1.9B | $152M | $1.1B |
| Net margin | 13.1% | −39.3% | 2.9% | 17.7% |
| Diluted EPS | −$0.73 | −$4.42 | $0.36 | $2.57 |
| Cash | ||||
| Cash from operations | $373M | $1.4B | $2.1B | $2.6B |
| Dividends paid | $46.5M | $49.3M | $18.2M | $0.0M |
| Share count change | — | −45.4% | 65.2% | 21.7% |
| Debt and strength | ||||
| Cash and short-term investments | $1.3B | $1.5B | $2.5B | $3.8B |
| Debt incl. finance leases | — | $2.0B | $5.5B | $5.7B |
| Shareholders' equity | −$3.4B | −$5.3B | −$223M | $1.1B |
| Net debt / EBITDA | — | 0.5x | 2.2x | 1.0x |
| Current ratio | — | 0.5x | 0.6x | 0.8x |
| Interest coverage | 0.1x | 1.5x | 2.8x | 4.1x |
| Returns and quality | ||||
| Return on capital | — | — | 35.0% | 50.0% |
| Return on equity | — | — | — | 263.5% |
| Return on tangible equity | — | — | — | 105.7% |
| Piotroski F-score | — | — | 6 | 8 |
| Altman Z'' | — | −3.4 | −2.3 | −0.8 |
Insider trades 12 months
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$43.7M
6 insiders
Of sales under plans
95%
$41.5M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Viking Holdings Ltd · VIK · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001745201). Latest version: stoqly.net/companies/vik. Data updated November 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.