Viking (VIK)
Market Price (12/24/2025): $73.4 | Market Cap: $32.6 BilSector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines
Viking (VIK)
Market Price (12/24/2025): $73.4Market Cap: $32.6 BilSector: Consumer DiscretionaryIndustry: Hotels, Resorts & Cruise Lines
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20% | Trading close to highsDist 52W High is -1.1% | Expensive valuation multiplesP/SPrice/Sales ratio is 5.3x |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 22% | Key risksVIK key risks include [1] its aggressive capacity expansion, Show more. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%, CFO LTM is 2.1 Bil | ||
| Low stock price volatilityVol 12M is 41% | ||
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Luxury Consumer Goods, and Travel & Leisure Tech. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 22% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%, CFO LTM is 2.1 Bil |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Luxury Consumer Goods, and Travel & Leisure Tech. |
| Trading close to highsDist 52W High is -1.1% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 5.3x |
| Key risksVIK key risks include [1] its aggressive capacity expansion, Show more. |
Why The Stock Moved
Qualitative Assessment
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Here are the key points for why Viking's stock moved by 14.9% between August 31, 2025, and December 24, 2025:1. Strong Third Quarter 2025 Earnings Beat: Viking Holdings reported robust financial results for the third quarter of 2025 on November 19, 2025, with an adjusted earnings per share (EPS) of $1.20, surpassing the consensus estimate of $1.19. Quarterly revenue also exceeded expectations, rising 19.1% year-over-year to $2 billion.
2. Record-Breaking Adjusted EBITDA and Enhanced Profitability: The company achieved its highest quarterly adjusted EBITDA in its history, reaching $704 million, a 26.9% increase year-over-year, alongside an impressive adjusted EBITDA margin of 52.8%. Net income for the quarter improved significantly to $514 million.
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Stock Movement Drivers
Fundamental Drivers
The 19.4% change in VIK stock from 9/23/2025 to 12/23/2025 was primarily driven by a 10.3% change in the company's Net Income Margin (%).| 9232025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 61.25 | 73.11 | 19.36% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5805.89 | 6126.79 | 5.53% |
| Net Income Margin (%) | 14.08% | 15.53% | 10.31% |
| P/E Multiple | 33.22 | 34.08 | 2.61% |
| Shares Outstanding (Mil) | 443.23 | 443.52 | -0.07% |
| Cumulative Contribution | 19.36% |
Market Drivers
9/23/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| VIK | 19.4% | |
| Market (SPY) | 3.7% | 39.6% |
| Sector (XLY) | 2.7% | 34.2% |
Fundamental Drivers
The 42.3% change in VIK stock from 6/24/2025 to 12/23/2025 was primarily driven by a 59.2% change in the company's Net Income Margin (%).| 6242025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 51.38 | 73.11 | 42.29% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5512.78 | 6126.79 | 11.14% |
| Net Income Margin (%) | 9.76% | 15.53% | 59.15% |
| P/E Multiple | 42.31 | 34.08 | -19.44% |
| Shares Outstanding (Mil) | 442.91 | 443.52 | -0.14% |
| Cumulative Contribution | 42.29% |
Market Drivers
6/24/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| VIK | 42.3% | |
| Market (SPY) | 13.7% | 45.7% |
| Sector (XLY) | 13.5% | 38.7% |
Fundamental Drivers
The 60.7% change in VIK stock from 12/23/2024 to 12/23/2025 was primarily driven by a 37.6% change in the company's P/S Multiple.| 12232024 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 45.50 | 73.11 | 60.68% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5104.08 | 6126.79 | 20.04% |
| P/S Multiple | 3.85 | 5.29 | 37.56% |
| Shares Outstanding (Mil) | 431.60 | 443.52 | -2.76% |
| Cumulative Contribution | 60.56% |
Market Drivers
12/23/2024 to 12/23/2025| Return | Correlation | |
|---|---|---|
| VIK | 60.7% | |
| Market (SPY) | 16.7% | 71.8% |
| Sector (XLY) | 7.3% | 67.4% |
Fundamental Drivers
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Market Drivers
12/24/2023 to 12/23/2025| Return | Correlation | |
|---|---|---|
| VIK | ||
| Market (SPY) | 48.4% | 64.9% |
| Sector (XLY) | 38.2% | 61.2% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VIK Return | � | � | � | � | � | 68% | � |
| Peers Return | -38% | -8% | -47% | 101% | 37% | 20% | -0% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| VIK Win Rate | � | � | � | � | 71% | 67% | |
| Peers Win Rate | 42% | 48% | 46% | 56% | 56% | 50% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| VIK Max Drawdown | � | � | � | � | � | -23% | |
| Peers Max Drawdown | -84% | -25% | -60% | -8% | -25% | -33% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: RCL, CCL, NCLH, LIND.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)
How Low Can It Go
VIK has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -40.3% | -25.4% |
| % Gain to Breakeven | 67.4% | 34.1% |
| Time to Breakeven | 680 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -33.9% | -33.9% |
| % Gain to Breakeven | 51.3% | 51.3% |
| Time to Breakeven | 82 days | 148 days |
| 2018 Correction | ||
| % Loss | -21.9% | -19.8% |
| % Gain to Breakeven | 28.1% | 24.7% |
| Time to Breakeven | 105 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -60.1% | -56.8% |
| % Gain to Breakeven | 150.8% | 131.3% |
| Time to Breakeven | 779 days | 1,480 days |
Compare to
In The Past
SPDR Select Sector Fund's stock fell -40.3% during the 2022 Inflation Shock from a high on 11/19/2021. A -40.3% loss requires a 67.4% gain to breakeven.
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Viking was founded in 1997 with four river vessels and a simple vision that travel could be more destination-focused and culturally immersive. Today, we have grown into one of the world’s leading travel companies, with a fleet of 92 small, state-of-the-art ships, which we view as floating hotels. From our iconic journeys on the world’s great rivers, including our new Mississippi River itineraries, to our ocean voyages around the globe and our extraordinary expeditions to the ends of the earth, we offer meaningful travel experiences on all seven continents in all three categories of the cruise industry—river, ocean and expedition cruising. River Ocean Expedition Mississippi 80 River Vessels 9 Ocean Ships 2 Expedition Ships 1 Time-Chartered River Ship 18 to be delivered by 2026; 6 to be delivered by 2028; 378 Guests 386 Guests 8 Option Contracts 4 Option Contracts Average Age: 2 Years Age: 1 Year 190 Guests 930 to 998 Guests Average Age: 9 Years Average Age: 4 Years Note: The average age is as of December 31, 2023. --- With more than 450 awards to our name, we are a leader in the industry and were rated #1 for Rivers, #1 for Oceans (for ships sized 500 to 2,500 berths) and #1 for Expeditions by Condé Nast Traveler in the 2023 Readers’ Choice Awards. This is the first time a travel company has been voted #1 in all three categories simultaneously. --- We have generated rapid growth driven by strong demand for our products and a highly differentiated guest experience, resulting in industry-leading capacity growth and the proven ability to expand our travel platform with new destinations and experiences. From 2015 to 2023, our total number of guests, total revenue, net income and Adjusted EBITDA grew at CAGRs of 10.1%, 14.4%, NM and 16.3%, respectively. We have grown faster than the overall cruise industry since 2015 to become the market leader in river cruising and luxury ocean cruising, demonstrating our ability to succeed in each new category we have entered. For the 2023 season, our North American outbound river market share was 51%, our luxury ocean market share was 26%, our Antarctic expedition market share was 12% and our Mississippi river market share was 20%. --- For the year ended December 31, 2023, nearly 650,000 guests traveled with us, and we generated total revenue of $4,710.5 million, a net loss of $1,858.6 million and Adjusted EBITDA of $1,090.3 million. As of December 31, 2023, we had $1.5 billion of cash and cash equivalents and $5.4 billion of Total Debt. We have also generated industry-leading ROIC of 27.5% for the year ended December 31, 2023, up from 26.1% for the year ended December 31, 2019. Our payback period for a Longship is on average approximately four to five years based on contributions to operations by a Longship. Our payback period for an ocean ship is on average about five to six years based on contributions to operations by an ocean ship. We believe we are well-positioned for future growth. To address the strong demand from our guests, we have ordered 18 new river vessels for delivery through 2026 and six new ocean ships for delivery through 2028. THE VIKING DIFFERENCE 1. One Brand: Among our guests and across the industry, the Viking brand is synonymous with excellence. Our guests can experience all three categories of the cruise industry—ocean, river and expedition cruising— under our single brand. Rather than creating a conglomerate of different brands, all of our products are a consistent extension of the Viking brand. As a result, our marketing spend and strong brand loyalty drive growth for all of our products. We also leverage our strong brand loyalty for future product launches, with over 60% of bookings for each of the inaugural seasons for Viking Ocean, Viking Expedition and Viking Mississippi made by past guests. Our guests know they can expect a consistent, excellent experience on each voyage they take with us, which has allowed us to expand our travel platform successfully with new destinations and experiences. Our repeat guest percentage has steadily increased over time from 27% for the 2015 season to 51% for the 2023 season. 2. Identical Small Ships: Our fleet includes 58 identical Longships accommodating 190 passengers, nine identical ocean ships accommodating 930 passengers and two identical expedition ships accommodating 378 passengers. Within each product, our ships are indistinguishable to our guests. This simplifies the sales and marketing process as potential guests shop by itinerary versus by specific ship or age of ship, and it allows older ships to achieve similar yields, even when introducing new ships. Identical ships also create operational flexibility, as well as efficiencies around shipbuilding, maintenance and crew, which improves our margins. Our small ships can dock in ports where larger ships cannot, providing our guests more time ashore for cultural discovery and exploration and offering our guests experiences they cannot have with other cruise lines. 3. Clearly Defined, Destination-Focused Experience: We are the only cruise line offering experiences on all seven continents with itineraries across five oceans, 21 rivers and five lakes, and a focus primarily on destinations in Europe and the Mediterranean, rather than the Caribbean. We deliver a highly differentiated experience for our guests by prioritizing exploration of the destination versus onboard consumption and traditional entertainment. The Viking experience is well-defined and all-inclusive, with a shore excursion included in every port. We are also known for the things that we do not do. For example, no children under 18, no casinos and no hidden ancillary costs, such as charges for alternative restaurants, wi-fi or beer and wine at lunch and dinner. Because of these strategic choices, our guests instantly recognize the Viking way of travel. --- 4. Clear Customer Focus: We are intently focused on the travel needs of our core demographic of curious, affluent, English-speaking travelers aged 55 years and older, which is an attractive segment of the travel market. We believe we know our core demographic better than anyone else in the industry and we have tailored our products to specifically address the travel needs of the Thinking Person. We attract individuals seeking travel experiences that offer cultural insight and personal enrichment. 5. Strong Direct Marketing: Since 1997, we have invested $2.8 billion in all aspects of marketing, most of which is direct marketing spend. This investment has helped build and solidify the value of our brand with our target market. Our marketing database includes more than 56 million North American households, including 1.5 million households that have traveled with us before. We generate our own demand through our direct marketing, which allows us to obtain industry-leading early booking rates. Our marketing also drives direct bookings. For the year ended December 31, 2023, more than 50% of our guests booked directly with us. 6. Only Pure-Play Luxury Public Cruise Line: Viking will be the only pure-play luxury public cruise line. In contrast, the large public cruise lines have multiple brands that serve all three categories of the cruise market, with luxury representing only a small percentage of their overall capacity. Our total revenue per passenger was $7,251 for the year ended December 31, 2023. Viking defines the luxury category of the river cruise and ocean cruise markets. We believe these are the most attractive segments of the cruise industry and the global luxury leisure travel market given their growth potential. Viking Holdings Ltd is incorporated in Bermuda as an exempted company. Our registered office is located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda, and our principal executive offices are located at 94 Pitts Bay Road, Pembroke, Bermuda HM 08.
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- An early-stage Eli Lilly or Novo Nordisk for obesity and metabolic diseases.
- A specialized biotech company, like an early Amgen or Regeneron, focused on developing therapies for metabolic and endocrine disorders.
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The public company "Viking" with the stock symbol "VIK" could not be identified as an active entity on major financial exchanges. Therefore, its major products or services cannot be definitively determined based on the provided symbol. However, if the request intended to refer to **Viking Therapeutics (symbol: VKTX)**, a public biotechnology company, its major investigational products are:- VK2809: An investigational drug candidate in clinical trials for metabolic disorders such as non-alcoholic steatohepatitis (NASH) and dyslipidemia.
- VK2735: A novel dual agonist of GLP-1 and GIP receptors currently under investigation for the treatment of obesity and other metabolic disorders.
- VK0214: An experimental therapy targeting X-linked adrenoleukodystrophy (X-ALD), a rare genetic neurological disease.
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For the public company Viking (symbol: VIK), identified as Viking Energy Group, Inc., the company operates in the oil and natural gas exploration and production sector.
Viking Energy Group, Inc. sells its products (crude oil and natural gas) primarily to other companies (B2B model).
While the company's SEC filings indicate a significant concentration of revenue from a few major customers (e.g., in 2022, approximately 77% of oil revenue came from two customers and 71% of natural gas revenue from one customer), the names of these specific customer companies are not disclosed in their public filings.
Based on its business model and industry, Viking Energy Group, Inc. typically sells to the following categories of customers:
- Midstream Companies: These companies specialize in the gathering, processing, and transportation of crude oil and natural gas from the wellhead to market hubs. They often purchase production directly from exploration and production companies.
- Energy Marketing and Trading Firms: These firms act as intermediaries, buying crude oil and natural gas from producers and selling it to a diverse range of end-users, refiners, utilities, or other traders.
- Refineries and Gas Processors: Companies that purchase crude oil for refining into various petroleum products (like gasoline, diesel) or natural gas for processing into pipeline-quality gas and natural gas liquids.
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Torstein Hagen
Chairman of the Board and Chief Executive Officer
Torstein Hagen founded Viking in 1997, establishing it with the purchase of four ships and a vision for destination-focused travel. He has extensive experience in the shipping and cruise industry, having previously served as Chief Executive Officer of Bergen Line from 1976 to 1983 and Royal Viking Line from 1981 to 1984. He was also a Partner at McKinsey & Company. Mr. Hagen holds a degree in physics from the Norwegian Institute of Technology and an M.B.A. from Harvard University.
Leah Talactac
President and Chief Financial Officer
Leah Talactac serves as President and Chief Financial Officer, leading Viking's executive committee and overseeing the company's financial functions, including accounting, audit, corporate finance, tax, and investor relations. She provides strategic direction to a global team to execute the company's growth strategy and also oversees corporate governance. Ms. Talactac's career spans more than 25 years of experience in financial management, business leadership, and corporate strategy.
Anton Hofmann
Executive Vice President, Group Operations
Anton Hofmann is the Executive Vice President responsible for Viking's worldwide river fleet operations, including strategic planning, new build planning, design, contracting, ship financing, and day-to-day operations. He possesses more than thirty years of experience in the cruise industry and has worked with Viking in various senior management functions since its inception in 1997.
Karine Hagen
Executive Vice President, Product
Karine Hagen serves as Executive Vice President, Product, and is also a Director. Prior to joining Viking, she held positions with Arthur Andersen, J. Walter Thompson, Genesys, and Telenor. Ms. Hagen holds degrees in Soviet Studies and Economics from Wellesley College, an M.A. in Russia and East European Studies from Stanford University, and an M.B.A. from BI Norwegian Business School. She is the daughter of Torstein Hagen.
Linh Banh
Executive Vice President, Finance
Linh Banh is the Executive Vice President, Finance for Viking Holdings Ltd.
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The public company Viking Holdings Ltd (symbol: VIK) faces several key business risks.The most significant risk to Viking Holdings Ltd is its vulnerability to **external shocks**, including pandemics, adverse weather, natural disasters, and geopolitical events. The cruise industry is highly susceptible to such global occurrences, which can severely restrict travel and negatively impact bookings, revenue, and overall profitability.
Secondly, Viking Holdings Ltd is exposed to **regulatory and environmental risks**. The implementation of stricter environmental regulations could lead to increased operating costs and compliance burdens. Additionally, shifts in consumer travel preferences, potentially driven by growing environmental concerns or demographic changes, could challenge the company's long-term profitability and demand stability.
Finally, the company faces risks associated with its **aggressive capacity expansion and intense competition**. Viking's strategy involves significant fleet growth, which, if not met with sustained or increased demand, could lead to overcapacity and exert pressure on pricing and profit margins. Furthermore, any failure to integrate new ships on schedule could prevent advance bookings from translating into expected revenue and earnings.
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Viking (symbol: VIK) operates in three primary cruise segments: river, ocean, and expedition cruises. The addressable markets for these services are estimated as follows:
- River Cruise Market: The global river cruise market was valued between approximately USD 1.9 billion and USD 7.05 billion in 2024. It is projected to reach around USD 2.8 billion in 2025. Viking holds a significant position in this market, with 52% of the North American outbound river market and 51% of the overall river cruise market share in Europe in 2024.
- Luxury Ocean Cruise Market: The global luxury cruise tourism market was valued between approximately USD 9.11 billion and USD 9.73 billion in 2024. One source indicated a higher value of USD 52.29 billion for 2024. This market is expected to grow, potentially reaching around USD 23.08 billion by 2032. Viking holds a 24% share in the luxury ocean segment as of 2024.
- Expedition Cruise Market: The global cruise ship expedition market was valued between approximately USD 5.34 billion and USD 7.31 billion in 2024. It is projected to reach approximately USD 6.68 billion by the end of 2025.
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Here are 3-5 expected drivers of future revenue growth for Viking (VIK) over the next 2-3 years:- Increased Capacity and Fleet Expansion: Viking is actively expanding its fleet with new ocean and river vessel deliveries. This includes additions like two new ships for Egypt, additional European sailings, and the Viking Vela in December 2024, with further deliveries planned through 2033. This expansion directly boosts available passenger cruise days (PCDs) and, consequently, revenue-generating capacity.
- Strong Booking Momentum and High Occupancy Rates: The company consistently reports high occupancy across its segments, generally exceeding 95%. Furthermore, Viking demonstrates robust booking momentum, with 96% of its 2025 core capacity and 55% of its 2026 core capacity already sold as of August 2025. This strong demand and advanced bookings provide significant revenue visibility and a solid foundation for future growth.
- Higher Net Yields and Disciplined Pricing: Viking has shown an ability to increase its net yields and revenue per passenger cruise day (PCDs). Management emphasizes disciplined pricing strategies, which have contributed to an 8% net yield increase in Q2 2025 and higher rates for 2026 bookings compared to the previous year.
- Expansion into New Geographic Markets and Itineraries: Viking is expanding its geographic footprint and product offerings by launching new itineraries and markets. Notable examples include new river and ocean deliveries and the introduction of Nile and India launches, broadening its reach and appeal to new customer segments.
- Growth in the Luxury Travel Market: The broader luxury travel market is projected for significant growth, with a compound annual rate of 8.56% from 2025 to 2032. This expansion, driven by demographic shifts and evolving traveler preferences for sustainability and cultural immersion, provides a favorable environment for Viking's premium offerings.
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Share Repurchases
- Viking's management has reiterated a conservative capital allocation stance, indicating no current plans for share buybacks.
Share Issuance
- Viking Holdings Ltd. completed its Initial Public Offering (IPO) on May 3, 2024, offering 11,000,000 ordinary shares at $24.00 per share, resulting in $264 million in proceeds to the company.
- Selling shareholders offered an additional 62,647,916 ordinary shares in the IPO, from which Viking did not receive any proceeds.
- A secondary offering of 30,531,917 ordinary shares was priced at $44.20 per share on May 27, 2025, with Viking not offering any shares or receiving any proceeds from this transaction.
Inbound Investments
- As of June 30, 2025, Capital Research Global Investors (CRGI) disclosed a 10.2% stake in Viking Holdings Ltd., beneficially owning 32,238,381 common shares.
Outbound Investments
- Viking's management remains open to mergers and acquisitions (M&A) opportunities, provided they meet criteria for scale, margin accretion, and brand fit.
- The company has made investments in the Asia Outbound market, including the resumption of European river cruise operations for Chinese travelers in June 2023.
- Viking holds a 10% interest in China Merchants Viking Cruises Limited (CMV), which is part of a joint venture, the China JV Investment.
Capital Expenditures
- Viking has committed ship capital expenditures of approximately $990 million for the full year 2025 ($560 million net of financing) and $1.2 billion for 2026 ($70 million net of financing).
- The primary focus of the 2026 capital expenditures is on the delivery of two new ocean ships, Viking Mira and Viking Libra.
- As of April 2024, Viking has 24 new ships on order, with options for an additional 12, as part of its fleet and geographic expansion efforts.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold Viking Stock If It Fell 30%? | Return | |
| VIK Dip Buy Analysis | ||
| Viking (VIK) Valuation Ratios Comparison | Financials | |
| Viking (VIK) Operating Cash Flow Comparison | Financials | |
| Viking (VIK) Net Income Comparison | Financials | |
| Viking (VIK) Operating Income Comparison | Financials | |
| Viking (VIK) Revenue Comparison | Financials |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to VIK. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 10.6% | 10.6% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.8% | 4.8% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.5% | 19.5% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.9% | 3.9% | -1.6% |
Research & Analysis
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Peer Comparisons for Viking
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 31.66 |
| Mkt Cap | 32.4 |
| Rev LTM | 9,693 |
| Op Inc LTM | 1,589 |
| FCF LTM | 674 |
| FCF 3Y Avg | 857 |
| CFO LTM | 2,093 |
| CFO 3Y Avg | 1,974 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.6% |
| Rev Chg 3Y Avg | 40.7% |
| Rev Chg Q | 5.2% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Mgn LTM | 16.4% |
| Op Mgn 3Y Avg | 12.5% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 21.4% |
| CFO/Rev 3Y Avg | 22.0% |
| FCF/Rev LTM | 11.0% |
| FCF/Rev 3Y Avg | 5.1% |
Price Behavior
Price Behavior
| Market Price | $73.11 | |
| Market Cap ($ Bil) | 32.4 | |
| First Trading Date | 05/01/2024 | |
| Distance from 52W High | -1.1% | |
| 50 Days | 200 Days | |
| DMA Price | $63.68 | $49.02 |
| DMA Trend | up | up |
| Distance from DMA | 14.8% | 49.1% |
| 3M | 1YR | |
| Volatility | 32.6% | 40.3% |
| Downside Capture | 66.40 | 123.76 |
| Upside Capture | 139.13 | 152.14 |
| Correlation (SPY) | 41.3% | 71.7% |
VIK Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.50 | 0.94 | 1.08 | 1.26 | 1.50 | -0.08 |
| Up Beta | 0.75 | 0.86 | 1.03 | 1.50 | 1.59 | 0.07 |
| Down Beta | 1.01 | 0.99 | 0.66 | 1.17 | 1.51 | -0.09 |
| Up Capture | 268% | 114% | 123% | 171% | 208% | 64% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 13 | 23 | 32 | 70 | 134 | 224 |
| Down Capture | 130% | 82% | 131% | 88% | 118% | 86% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 7 | 18 | 30 | 54 | 113 | 167 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
nullBased On 5-Year Data
nullBased On 10-Year Data
nullReturns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11192025 | 6-K 9/30/2025 |
| 6302025 | 8192025 | 6-K 6/30/2025 |
| 3312025 | 5202025 | 6-K 3/31/2025 |
| 12312024 | 3112025 | 20-F 12/31/2024 |
| 9302024 | 11192024 | 6-K 9/30/2024 |
| 6302024 | 8222024 | 6-K 6/30/2024 |
| 3312024 | 5292024 | 6-K 3/31/2024 |
| 12312023 | 5022024 | 424B4 12/31/2023 |
| 12312022 | 2072024 | DRS/A 12/31/2022 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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