$85.91

+0.05 (+0.06%)

Weekly Expected Move ±3.7%

$79 $82 $85 $89 $92

NASDAQ · Financial Services · Asset Management · Alpha Radar Strong Buy · Power 72 · $5.4B mcap · 45M float · 1.53% daily turnover · Short 59% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

49.2 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 14.9% · 5Y Avg: 15.4%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. VCTR shows a Weak competitive edge (49.2/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. ROIC of 14.9% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$85

Low

$90

Avg Target

$95

High

Based on 2 analysts since May 6, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 7Hold: 6Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$82.50

Analysts4

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-12	RBC Capital	Kenneth Lee	$84	$95	+11	+10.0%	$86.40
2026-05-08	Barclays	—	$74	$85	+11	+1.6%	$83.69
2026-05-01	Morgan Stanley	Michael Cyprys	$70	$76	+6	-2.7%	$78.12
2026-04-17	Barclays	—	$69	$74	+5	+2.7%	$72.05
2026-02-10	RBC Capital	—	$55	$84	+29	+13.1%	$74.25
2026-02-06	Barclays	—	$68	$69	+1	-0.6%	$69.44
2025-12-17	Morgan Stanley	Michael Cyprys	$69	$70	+1	+8.2%	$64.71
2025-10-21	Barclays	—	$58	$68	+10	+3.8%	$65.51
2025-10-06	Morgan Stanley	Michael Cyprys	$67	$69	+2	+5.8%	$65.23
2025-09-23	Goldman Sachs	Alexander Blostein	$26	$76	+50	+14.1%	$66.62
2025-08-18	Morgan Stanley	Michael Cyprys	$60	$67	+7	-5.8%	$71.11
2024-11-11	Capital One Financial	Etienne Ricard	$69	$71	+2	+17.2%	$60.59
2024-10-18	Morgan Stanley	Michael Cyprys	$40	$60	+20	-0.9%	$60.55
2024-10-16	Capital One Financial	Etienne Ricard	$57	$69	+12	+15.8%	$59.58
2024-08-27	Barclays	Benjamin Budish	Initiated	$58	—	+6.3%	$54.56
2024-08-13	RBC Capital	Kenneth Lee	$56	$55	-1	+13.7%	$48.36
2024-08-13	Morgan Stanley	Michael Cyprys	$28	$40	+12	-16.1%	$47.67
2024-05-14	RBC Capital	Kenneth Lee	Initiated	$56	—	+10.1%	$50.85
2024-05-13	Capital One Financial	Etienne Ricard	$55	$57	+2	+12.2%	$50.81
2024-04-19	B.Riley Financial	Matt Howlett	Initiated	$57	—	+24.2%	$45.90
2024-04-17	Capital One Financial	Etienne Ricard	Initiated	$55	—	+23.3%	$44.62
2022-12-19	Piper Sandler	—	$29	$27	-2	+0.2%	$26.95
2022-11-23	Piper Sandler	—	Initiated	$29	—	-7.0%	$31.19
2022-10-03	Goldman Sachs	—	$30	$26	-4	+10.0%	$24.09
2022-06-29	Goldman Sachs	—	Initiated	$30	—	+23.5%	$24.29
2022-04-26	Morgan Stanley	—	Initiated	$28	—	+1.0%	$27.71
2022-04-26	UBS	—	Initiated	$30	—	+5.9%	$28.33

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B+

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. VCTR receives an overall rating of B+. Strongest factors: DCF (4/5), ROE (4/5), ROA (5/5). Areas of concern: D/E (2/5), P/E (2/5), P/B (2/5).

Rating Change History

Date	From	To
2026-05-18	A-	B+
2026-05-06	B+	A-
2026-05-01	A-	B+
2026-02-11	B+	A-
2026-02-10	B-	B+
2026-02-05	B+	B-
2026-02-02	A-	B+
2026-01-03	B+	A-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 77 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. VCTR scores highest in Momentum (96/100) and lowest in Balance Sheet (59/100). An overall grade of A+ places VCTR among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

2.53

Grey Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✓ ✗ ✓ ✗ ✓

Beneish M-Score

-2.60

Unlikely Manipulator

Ohlson O-Score

-8.38

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 73.5/100

Trend: Stable

Earnings Quality

100/100

OCF/NI: 1.12x

Accruals: -1.3%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. VCTR scores 2.53, placing it in the Grey Zone (safe > 2.99, distress < 1.81). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. VCTR scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. VCTR's score of -2.60 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. VCTR's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. VCTR receives an estimated rating of A (score: 73.5/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). VCTR's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

14.38x

PEG

-7.30x

P/S

3.64x

P/B

2.32x

P/FCF

10.00x

P/OCF

9.92x

EV/EBITDA

7.79x

EV/Revenue

3.41x

EV/EBIT

8.99x

EV/FCF

11.91x

Earnings Yield

9.02%

FCF Yield

10.00%

Shareholder Yield

10.90%

Graham Number

$70.74

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 14.4x earnings, VCTR trades at a reasonable valuation. An earnings yield of 9.0% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $70.74 per share, 21% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.752

NI / EBT

Interest Burden

0.906

EBT / EBIT

EBIT Margin

0.379

EBIT / Rev

Asset Turnover

0.434

Rev / Assets

Equity Multiplier

1.916

Assets / Equity

ROE

21.4%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. VCTR's ROE of 21.4% is driven by Asset Turnover (0.434), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

17.55%

Fair P/E

43.60x

Intrinsic Value

$257.44

Price/Value

0.25x

Margin of Safety

74.57%

Premium

-74.57%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with VCTR's realized 17.5% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $257.44, VCTR appears undervalued with a 75% margin of safety. The adjusted fair P/E of 43.6x compares to the current market P/E of 14.4x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$85.91

Median 1Y

$104.74

5th Pctile

$51.94

95th Pctile

$211.76

Ann. Volatility

38.5%

Analyst Target

$82.50

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
David C. Brown Chief Executive Officer and Chairman	$600,000	$9,819,944	$16,198,444
Michael D. Policarpo President, Chief Financial Officer and Chief Administrative Officer	$450,000	$4,749,946	$7,402,946
Thomas M. Sipp Executive Vice President	$375,000	$2,999,982	$4,224,982
Nina Gupta Legal Legal Officer and Head of Human Resources Administration	$400,000	$1,749,998	$3,433,498
Mannik S. Dhillon President, Investment Franchises and Solutions; Head of Product and Strategy	$325,000	$1,099,981	$2,389,731

CEO Pay Ratio

20:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $16,198,444

Avg Employee Cost (SGA/emp): $823,994

Employees: 699

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

699

+52.0% YoY

Revenue / Employee

$1,868,571

Rev: $1,306,131,000

Profit / Employee

$472,192

NI: $330,062,000

SGA / Employee

$823,994

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	39.4%	42.3%	34.0%	34.7%	36.0%	35.8%	27.6%	25.4%	23.2%	21.1%	20.1%	20.7%	22.4%	25.2%	26.6%	27.1%	25.7%	27.1%	18.6%	21.4%	21.44%
ROA	14.1%	15.1%	12.9%	13.2%	13.7%	13.6%	10.8%	9.9%	9.0%	8.2%	8.4%	8.6%	9.3%	10.5%	11.3%	11.6%	11.0%	11.6%	9.7%	11.2%	11.19%
ROIC	18.1%	19.3%	14.9%	15.4%	16.2%	16.5%	15.6%	14.6%	13.4%	12.4%	13.2%	13.6%	14.6%	16.1%	16.9%	17.2%	16.0%	16.6%	12.9%	14.9%	14.90%
ROCE	21.1%	22.2%	16.9%	17.4%	18.4%	18.4%	17.6%	16.7%	15.7%	15.1%	15.5%	16.1%	17.1%	18.9%	19.2%	19.4%	18.9%	19.7%	12.7%	14.4%	14.41%
Gross Margin	54.2%	55.5%	53.0%	70.7%	54.4%	71.2%	52.1%	69.1%	70.5%	72.0%	7.9%	71.9%	73.7%	74.0%	19.7%	73.9%	70.5%	71.2%	69.8%	72.0%	72.05%
Operating Margin	42.9%	43.7%	39.2%	44.1%	55.2%	47.6%	39.5%	37.0%	42.9%	38.2%	41.9%	39.3%	50.4%	53.3%	48.1%	42.3%	26.8%	38.2%	61.4%	45.9%	45.91%
Net Margin	31.2%	32.8%	30.4%	31.0%	36.7%	35.1%	25.9%	24.5%	27.7%	24.8%	26.8%	25.8%	33.8%	36.3%	33.1%	28.2%	16.7%	26.7%	30.2%	28.9%	28.87%
EBITDA Margin	45.1%	45.1%	42.0%	47.7%	59.4%	52.9%	46.3%	45.3%	50.5%	46.8%	49.5%	46.0%	56.0%	59.8%	53.4%	47.5%	35.7%	46.6%	44.9%	47.1%	47.10%
FCF Margin	34.7%	37.5%	40.8%	39.4%	40.7%	42.1%	38.6%	38.7%	37.7%	36.1%	39.6%	39.5%	39.2%	39.7%	38.0%	39.1%	25.6%	28.2%	29.2%	28.6%	28.58%
OCF Margin	35.7%	38.5%	42.3%	40.9%	41.8%	43.1%	39.2%	39.3%	38.3%	36.8%	40.2%	40.1%	39.6%	39.9%	38.1%	39.4%	25.9%	28.5%	29.5%	28.8%	28.81%
ROE 3Y Avg	snapshot only																				20.95%
ROE 5Y Avg	snapshot only																				23.45%
ROA 3Y Avg	snapshot only																				9.72%
ROIC 3Y Avg	snapshot only																				12.11%
ROIC Economic	snapshot only																				14.31%
Cash ROA	snapshot only																				10.00%
Cash ROIC	snapshot only																				13.15%
CROIC	snapshot only																				13.05%
NOPAT Margin	snapshot only																				32.64%
Pretax Margin	snapshot only																				34.29%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				24.08%
SBC / Revenue	snapshot only																				9.78%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	8.46	8.56	8.48	6.59	5.31	5.13	6.24	7.37	8.64	10.02	10.19	12.11	12.73	13.22	14.42	12.41	15.25	14.63	12.74	11.09	14.378
P/S Ratio	2.52	2.62	2.65	2.07	1.73	1.70	2.01	2.26	2.45	2.58	2.65	3.18	3.55	4.07	4.66	4.08	4.15	3.70	3.22	2.86	3.642
P/B Ratio	2.93	3.19	2.54	2.02	1.68	1.62	1.61	1.75	1.87	1.98	2.06	2.53	2.87	3.35	3.71	3.27	3.80	3.84	1.73	1.74	2.317
P/FCF	7.26	6.99	6.50	5.24	4.26	4.05	5.21	5.84	6.51	7.14	6.68	8.07	9.05	10.26	12.27	10.44	16.16	13.10	11.04	10.00	10.001
P/OCF	7.06	6.79	6.28	5.05	4.15	3.96	5.13	5.76	6.40	7.01	6.58	7.94	8.96	10.20	12.22	10.37	15.98	12.95	10.92	9.92	9.921
EV/EBITDA	7.83	7.94	8.73	7.18	6.01	5.77	6.05	6.66	7.41	7.91	7.70	8.76	9.20	9.58	10.39	9.25	10.44	9.84	8.86	7.79	7.793
EV/Revenue	3.43	3.50	3.84	3.23	2.91	2.90	3.12	3.41	3.61	3.74	3.70	4.22	4.57	5.07	5.60	5.01	4.96	4.41	3.84	3.41	3.405
EV/EBIT	8.22	8.32	9.17	7.65	6.47	6.31	6.70	7.44	8.31	8.95	8.61	9.66	10.04	10.27	11.09	9.86	11.48	11.09	10.17	8.99	8.993
EV/FCF	9.91	9.33	9.41	8.19	7.14	6.90	8.08	8.80	9.59	10.35	9.34	10.69	11.64	12.78	14.74	12.82	19.34	15.65	13.16	11.91	11.914
Earnings Yield	11.8%	11.7%	11.8%	15.2%	18.8%	19.5%	16.0%	13.6%	11.6%	10.0%	9.8%	8.3%	7.9%	7.6%	6.9%	8.1%	6.6%	6.8%	7.8%	9.0%	9.02%
FCF Yield	13.8%	14.3%	15.4%	19.1%	23.5%	24.7%	19.2%	17.1%	15.4%	14.0%	15.0%	12.4%	11.1%	9.7%	8.2%	9.6%	6.2%	7.6%	9.1%	10.0%	10.00%
EV/OCF	snapshot only																				11.818
EV/Gross Profit	snapshot only																				4.802
Acquirers Multiple	snapshot only																				7.843
Shareholder Yield	snapshot only																				10.90%
Graham Number	snapshot only																				$70.74

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	1.18	1.18	0.49	0.49	0.49	0.49	0.47	0.47	0.47	0.47	0.79	0.79	0.79	0.79	1.19	1.19	1.19	1.19	0.97	0.97	0.967
Quick Ratio	1.18	1.18	0.49	0.49	0.49	0.49	0.47	0.47	0.47	0.47	0.79	0.79	0.79	0.79	1.19	1.19	1.19	1.19	0.97	0.97	0.967
Debt/Equity	1.10	1.10	1.21	1.21	1.21	1.21	0.93	0.93	0.93	0.93	0.94	0.94	0.94	0.94	0.86	0.86	0.86	0.86	0.40	0.40	0.400
Net Debt/Equity	1.07	1.07	1.14	1.14	1.14	1.14	0.89	0.89	0.89	0.89	0.82	0.82	0.82	0.82	0.75	0.75	0.75	0.75	0.33	0.33	0.333
Debt/Assets	0.45	0.45	0.44	0.44	0.44	0.44	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.38	0.38	0.38	0.38	0.23	0.23	0.228
Debt/EBITDA	2.16	2.05	2.88	2.76	2.58	2.54	2.23	2.33	2.48	2.55	2.51	2.46	2.34	2.16	2.00	1.98	1.97	1.85	1.71	1.51	1.505
Net Debt/EBITDA	2.09	1.99	2.70	2.59	2.43	2.38	2.15	2.24	2.38	2.46	2.20	2.15	2.05	1.89	1.74	1.72	1.71	1.60	1.42	1.25	1.251
Interest Coverage	12.45	14.23	15.86	14.31	11.72	9.63	8.00	6.94	6.32	5.88	5.75	5.45	5.40	5.64	5.83	6.45	6.56	7.15	7.52	8.35	8.353
Equity Multiplier	2.45	2.45	2.77	2.77	2.77	2.77	2.38	2.38	2.38	2.38	2.41	2.41	2.41	2.41	2.27	2.27	2.27	2.27	1.75	1.75	1.752
Cash Ratio	snapshot only																				0.438
Debt Service Coverage	snapshot only																				9.639
Cash to Debt	snapshot only																				0.169
FCF to Debt	snapshot only																				0.435
Defensive Interval	snapshot only																				174.9 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	0.47	0.49	0.41	0.42	0.42	0.41	0.33	0.32	0.32	0.32	0.32	0.33	0.33	0.34	0.35	0.35	0.40	0.46	0.38	0.43	0.434
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	9.23	9.65	9.75	9.93	9.87	9.66	9.47	9.15	9.02	9.05	9.72	9.90	10.08	10.27	9.64	9.68	11.10	12.56	20.10	22.70	22.700
Payables Turnover	21.59	22.39	8.46	7.76	7.69	6.85	5.70	5.61	4.93	4.91	6.91	6.88	6.83	6.83	6.36	6.30	7.09	7.89	5.80	6.58	6.583
DSO	40	38	37	37	37	38	39	40	40	40	38	37	36	36	38	38	33	29	18	16	16.1 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	17	16	43	47	47	53	64	65	74	74	53	53	53	53	57	58	51	46	63	55	55.4 days
Cash Conversion Cycle	23	22	-6	-10	-10	-15	-26	-25	-34	-34	-15	-16	-17	-18	-20	-20	-19	-17	-45	-39	-39.4 days
Fixed Asset Turnover	snapshot only																				61.886
Cash Velocity	snapshot only																				9.011
Capital Intensity	snapshot only																				2.880

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	0.5%	8.6%	14.8%	15.7%	9.4%	2.4%	-4.0%	-9.0%	-9.7%	-7.4%	-4.0%	1.1%	4.5%	6.1%	8.8%	7.4%	20.9%	34.3%	46.2%	64.4%	64.39%
Net Income	48.1%	35.0%	31.0%	29.0%	20.1%	11.2%	-1.0%	-10.9%	-21.5%	-28.2%	-22.6%	-13.4%	2.7%	27.1%	35.5%	34.4%	17.9%	10.1%	14.3%	28.8%	28.83%
EPS	46.2%	33.9%	30.5%	29.8%	22.2%	14.5%	3.6%	-5.9%	-16.5%	-23.8%	-18.3%	-8.5%	6.4%	30.2%	38.4%	37.0%	14.6%	8.6%	12.3%	29.5%	29.48%
FCF	-1.3%	38.4%	49.9%	32.3%	28.6%	15.2%	-9.2%	-10.6%	-16.4%	-20.6%	-1.5%	3.1%	8.8%	16.7%	4.4%	6.4%	-20.9%	-4.5%	12.2%	20.2%	20.16%
EBITDA	24.2%	19.5%	17.7%	22.4%	20.7%	17.0%	12.5%	3.5%	-9.0%	-13.1%	-10.6%	-4.8%	6.3%	19.0%	22.1%	20.9%	15.8%	13.8%	17.6%	32.5%	32.51%
Op. Income	24.3%	20.1%	18.8%	22.9%	19.3%	13.2%	6.8%	-3.5%	-16.9%	-21.4%	-17.7%	-9.0%	6.3%	25.0%	30.2%	28.6%	15.9%	8.7%	29.8%	47.0%	47.01%
OCF Growth	snapshot only																				20.32%
Asset Growth	snapshot only																				66.74%
Equity Growth	snapshot only																				1.16%
Debt Growth	snapshot only																				0.64%
Shares Change	snapshot only																				-0.50%
Dividend Growth	snapshot only																				26.19%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	57.9%	39.5%	29.1%	31.8%	33.0%	21.7%	11.8%	4.2%	-0.2%	1.0%	1.9%	2.2%	1.1%	0.2%	0.1%	-0.4%	4.5%	9.7%	15.2%	21.3%	21.31%
Revenue 5Y	—	—	—	—	—	—	—	51.1%	31.2%	20.8%	14.7%	16.1%	17.3%	12.1%	7.8%	4.2%	4.6%	8.0%	11.0%	13.5%	13.48%
EPS 3Y	1.0%	72.5%	61.7%	60.4%	67.3%	63.4%	46.0%	26.0%	14.3%	5.3%	3.4%	3.8%	2.8%	4.4%	5.4%	5.7%	0.6%	2.5%	8.3%	17.5%	17.55%
EPS 5Y	—	—	—	—	—	—	—	87.1%	52.8%	35.0%	29.0%	28.9%	33.0%	34.1%	28.6%	20.2%	12.7%	10.6%	11.4%	14.7%	14.69%
Net Income 3Y	1.0%	74.3%	63.5%	61.4%	66.8%	62.1%	43.9%	23.3%	11.8%	2.5%	0.1%	-0.1%	-1.1%	0.5%	1.2%	1.2%	-1.7%	0.1%	6.2%	14.5%	14.47%
Net Income 5Y	—	—	—	—	—	—	—	89.0%	51.2%	33.4%	27.3%	26.5%	30.2%	31.2%	25.6%	16.9%	11.1%	8.5%	9.2%	11.5%	11.51%
EBITDA 3Y	80.0%	56.5%	44.6%	45.9%	51.8%	45.0%	34.1%	19.6%	10.9%	6.7%	5.8%	6.5%	5.3%	6.5%	7.1%	6.0%	3.9%	5.6%	8.7%	15.1%	15.11%
EBITDA 5Y	—	—	—	—	—	—	—	73.5%	45.0%	31.3%	24.9%	25.1%	27.6%	25.8%	21.3%	14.5%	10.9%	10.5%	11.2%	14.1%	14.08%
Gross Profit 3Y	72.4%	52.2%	40.5%	46.9%	47.7%	35.7%	23.1%	13.2%	10.0%	10.3%	3.8%	4.2%	3.1%	2.5%	3.4%	0.4%	5.7%	9.1%	20.3%	27.1%	27.11%
Gross Profit 5Y	—	—	—	—	—	—	—	63.9%	44.1%	32.5%	21.1%	22.8%	24.2%	17.9%	13.1%	8.9%	9.1%	12.1%	18.2%	20.5%	20.46%
Op. Income 3Y	82.0%	59.7%	48.3%	52.2%	58.7%	48.0%	34.3%	16.9%	7.2%	2.2%	1.4%	2.6%	1.8%	3.6%	4.6%	4.1%	0.8%	2.2%	11.6%	19.8%	19.83%
Op. Income 5Y	—	—	—	—	—	—	—	68.7%	43.0%	29.4%	23.5%	25.4%	28.7%	26.1%	21.0%	13.3%	8.7%	7.7%	12.0%	15.3%	15.33%
FCF 3Y	69.8%	48.7%	40.2%	42.3%	44.4%	23.3%	14.1%	7.7%	2.0%	8.2%	10.3%	6.8%	5.3%	2.2%	-2.3%	-0.7%	-10.4%	-4.0%	4.9%	9.6%	9.63%
FCF 5Y	—	—	—	—	—	—	—	66.3%	39.4%	24.6%	19.8%	21.6%	22.3%	11.6%	8.9%	6.5%	-1.8%	7.1%	9.4%	9.3%	9.27%
OCF 3Y	70.2%	49.2%	40.9%	43.2%	44.9%	23.4%	13.8%	7.5%	1.4%	7.4%	9.6%	6.4%	4.7%	1.4%	-3.2%	-1.7%	-10.9%	-4.4%	4.7%	9.4%	9.40%
OCF 5Y	—	—	—	—	—	—	—	65.8%	39.2%	24.6%	19.7%	21.5%	22.1%	11.4%	8.4%	6.2%	-2.2%	6.5%	9.0%	8.8%	8.83%
Assets 3Y	29.7%	29.7%	47.6%	47.6%	47.6%	47.6%	13.2%	13.2%	13.2%	13.2%	13.7%	13.7%	13.7%	13.7%	-0.4%	-0.4%	-0.4%	-0.4%	18.7%	18.7%	18.68%
Assets 5Y	—	—	—	—	—	—	—	26.2%	26.2%	26.2%	26.0%	26.0%	26.0%	26.0%	7.8%	7.8%	7.8%	7.8%	19.7%	19.7%	19.67%
Equity 3Y	45.2%	45.2%	26.9%	26.9%	26.9%	26.9%	25.6%	25.6%	25.6%	25.6%	14.2%	14.2%	14.2%	14.2%	6.4%	6.4%	6.4%	6.4%	31.5%	31.5%	31.54%
Book Value 3Y	43.9%	43.7%	25.5%	26.1%	27.2%	27.9%	27.4%	28.3%	28.4%	29.1%	17.9%	18.7%	18.7%	18.6%	10.8%	11.1%	8.9%	9.0%	34.1%	35.1%	35.08%
Dividend 3Y	17.3%	25.0%	30.3%	35.2%	34.3%	29.5%	24.8%	17.9%	13.4%	11.6%	10.8%	9.2%	8.2%	8.7%	10.1%	13.0%	16.0%	18.1%	9.6%	11.0%	10.97%

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	0.89	0.95	0.99	0.88	0.73	0.78	0.77	0.78	0.67	0.69	0.69	0.67	0.64	0.62	0.60	0.47	0.40	0.53	0.58	0.54	0.540
Earnings Stability	0.97	0.94	0.95	1.00	0.98	0.94	0.91	0.92	0.81	0.68	0.64	0.61	0.54	0.49	0.50	0.50	0.33	0.29	0.42	0.50	0.502
Margin Stability	0.88	0.88	0.89	0.86	0.87	0.86	0.88	0.84	0.83	0.82	0.86	0.86	0.85	0.86	0.89	0.91	0.90	0.90	0.88	0.88	0.884
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.81	0.86	0.88	0.88	0.92	0.96	1.00	0.96	0.91	0.89	0.91	0.95	0.99	0.89	0.86	0.86	0.93	0.96	0.94	0.88	0.885
Earnings Smoothness	0.61	0.70	0.73	0.75	0.82	0.89	0.99	0.88	0.76	0.67	0.74	0.86	0.97	0.76	0.70	0.71	0.84	0.90	0.87	0.75	0.748
ROE Trend	0.12	0.12	0.06	0.02	-0.01	-0.05	-0.04	-0.07	-0.11	-0.15	-0.08	-0.06	-0.04	-0.00	0.03	0.04	0.03	0.04	-0.09	-0.08	-0.079
Gross Margin Trend	0.08	0.06	0.05	0.08	0.07	0.10	0.09	0.06	0.10	0.08	-0.03	-0.04	-0.05	-0.06	0.01	0.01	-0.01	-0.01	0.14	0.13	0.131
FCF Margin Trend	0.01	0.03	0.07	0.05	0.06	0.09	0.03	0.02	-0.00	-0.04	-0.00	0.00	0.00	0.01	-0.01	0.00	-0.13	-0.10	-0.10	-0.11	-0.107
Sustainable Growth Rate	35.5%	37.5%	29.5%	28.9%	29.0%	28.0%	20.7%	18.0%	15.3%	12.9%	12.1%	12.6%	14.1%	16.4%	17.3%	17.2%	13.9%	13.8%	11.5%	13.7%	13.71%
Internal Growth Rate	14.5%	15.5%	12.6%	12.3%	12.4%	11.9%	8.8%	7.5%	6.4%	5.3%	5.3%	5.6%	6.2%	7.3%	8.0%	7.9%	6.3%	6.3%	6.4%	7.7%	7.71%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	1.20	1.26	1.35	1.31	1.28	1.30	1.22	1.28	1.35	1.43	1.55	1.52	1.42	1.30	1.18	1.20	0.95	1.13	1.17	1.12	1.118
FCF/OCF	0.97	0.97	0.97	0.96	0.97	0.98	0.98	0.99	0.98	0.98	0.98	0.98	0.99	0.99	1.00	0.99	0.99	0.99	0.99	0.99	0.992
FCF/Net Income	snapshot only																				1.109
OCF/EBITDA	snapshot only																				0.659
CapEx/Revenue	1.0%	1.1%	1.4%	1.5%	1.1%	1.0%	0.6%	0.6%	0.6%	0.7%	0.6%	0.6%	0.4%	0.2%	0.1%	0.3%	0.3%	0.3%	0.3%	0.2%	0.23%
CapEx/Depreciation	snapshot only																				0.040
Accruals Ratio	-0.03	-0.04	-0.05	-0.04	-0.04	-0.04	-0.02	-0.03	-0.03	-0.04	-0.05	-0.05	-0.04	-0.03	-0.02	-0.02	0.00	-0.01	-0.02	-0.01	-0.013
Sloan Accruals	snapshot only																				-0.040
Cash Flow Adequacy	snapshot only																				3.024
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	1.2%	1.3%	1.6%	2.6%	3.7%	4.2%	4.0%	4.0%	3.9%	3.9%	3.9%	3.2%	2.9%	2.7%	2.4%	3.0%	3.0%	3.3%	3.0%	3.3%	2.28%
Dividend/Share	$0.32	$0.41	$0.50	$0.65	$0.79	$0.89	$0.98	$1.06	$1.14	$1.21	$1.28	$1.30	$1.33	$1.42	$1.54	$1.68	$1.89	$2.15	$1.88	$2.13	$1.96
Payout Ratio	9.7%	11.4%	13.3%	16.9%	19.5%	21.8%	25.1%	29.2%	33.8%	38.9%	40.1%	39.0%	37.2%	35.1%	35.0%	36.8%	45.9%	48.9%	38.0%	36.1%	36.06%
FCF Payout Ratio	8.4%	9.3%	10.2%	13.5%	15.6%	17.2%	21.0%	23.1%	25.4%	27.7%	26.3%	26.0%	26.4%	27.2%	29.8%	31.0%	48.6%	43.8%	32.9%	32.5%	32.53%
Total Payout Ratio	23.8%	23.9%	24.7%	28.9%	34.1%	44.7%	61.8%	78.6%	99.5%	96.7%	1.1%	88.1%	64.4%	59.1%	70.9%	71.1%	90.6%	1.3%	97.3%	1.2%	1.21%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	0.67	1.03	1.30	1.54	1.44	1.16	0.90	0.58	0.40	0.32	0.27	0.19	0.16	0.17	0.21	0.30	0.49	0.57	0.27	0.29	0.294
Buyback Yield	1.7%	1.5%	1.3%	1.8%	2.8%	4.5%	5.9%	6.7%	7.6%	5.8%	6.4%	4.1%	2.1%	1.8%	2.5%	2.8%	2.9%	5.6%	4.7%	7.6%	7.65%
Net Buyback Yield	1.5%	1.3%	1.0%	1.3%	2.2%	3.4%	5.1%	5.9%	6.9%	5.4%	6.1%	3.8%	1.9%	1.6%	2.3%	2.6%	2.8%	5.5%	4.6%	7.6%	7.57%
Total Shareholder Return	2.7%	2.6%	2.6%	3.9%	5.9%	7.6%	9.1%	9.9%	10.8%	9.3%	10.1%	7.0%	4.8%	4.2%	4.7%	5.6%	5.8%	8.9%	7.6%	10.8%	10.82%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.77	0.78	0.79	0.79	0.79	0.80	0.79	0.79	0.79	0.77	0.77	0.77	0.77	0.77	0.77	0.77	0.75	0.74	0.75	0.75	0.752
Interest Burden (EBT/EBIT)	0.92	0.93	0.94	0.94	0.92	0.90	0.88	0.85	0.82	0.80	0.78	0.78	0.79	0.81	0.83	0.84	0.84	0.85	0.89	0.91	0.906
EBIT Margin	0.42	0.42	0.42	0.42	0.45	0.46	0.47	0.46	0.43	0.42	0.43	0.44	0.45	0.49	0.50	0.51	0.43	0.40	0.38	0.38	0.379
Asset Turnover	0.47	0.49	0.41	0.42	0.42	0.41	0.33	0.32	0.32	0.32	0.32	0.33	0.33	0.34	0.35	0.35	0.40	0.46	0.38	0.43	0.434
Equity Multiplier	2.80	2.80	2.63	2.63	2.63	2.63	2.57	2.57	2.57	2.57	2.40	2.40	2.40	2.40	2.34	2.34	2.34	2.34	1.92	1.92	1.916

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$3.30	$3.56	$3.76	$3.86	$4.04	$4.08	$3.90	$3.64	$3.37	$3.11	$3.18	$3.33	$3.59	$4.04	$4.41	$4.56	$4.11	$4.39	$4.95	$5.91	$5.91
Book Value/Share	$9.54	$9.55	$12.57	$12.63	$12.76	$12.94	$15.07	$15.28	$15.55	$15.74	$15.73	$15.96	$15.94	$15.94	$17.12	$17.33	$16.50	$16.75	$36.37	$37.66	$37.08
Tangible Book/Share	$-11.59	$-11.61	$-18.95	$-19.03	$-19.24	$-19.50	$-17.42	$-17.66	$-17.97	$-18.19	$-18.09	$-18.35	$-18.32	$-18.33	$-17.11	$-17.32	$-16.49	$-16.74	$-19.33	$-20.02	$-20.02
Revenue/Share	$11.11	$11.63	$12.03	$12.32	$12.37	$12.28	$12.09	$11.85	$11.89	$12.07	$12.27	$12.67	$12.88	$13.12	$13.64	$13.86	$15.13	$17.39	$19.59	$22.91	$23.18
FCF/Share	$3.85	$4.36	$4.91	$4.86	$5.04	$5.17	$4.67	$4.59	$4.48	$4.36	$4.86	$5.00	$5.05	$5.21	$5.18	$5.42	$3.88	$4.91	$5.71	$6.55	$6.62
OCF/Share	$3.96	$4.48	$5.09	$5.04	$5.17	$5.29	$4.74	$4.65	$4.55	$4.44	$4.93	$5.08	$5.10	$5.24	$5.20	$5.46	$3.93	$4.96	$5.78	$6.60	$6.68
Cash/Share	$0.31	$0.31	$0.94	$0.94	$0.95	$0.97	$0.54	$0.55	$0.56	$0.56	$1.85	$1.87	$1.87	$1.87	$1.93	$1.96	$1.86	$1.89	$2.46	$2.54	$1.19
EBITDA/Share	$4.87	$5.12	$5.30	$5.54	$5.99	$6.18	$6.24	$6.06	$5.80	$5.70	$5.89	$6.10	$6.39	$6.95	$7.35	$7.52	$7.19	$7.80	$8.49	$10.01	$10.01
Debt/Share	$10.50	$10.52	$15.25	$15.31	$15.48	$15.69	$13.94	$14.13	$14.39	$14.56	$14.78	$15.00	$14.97	$14.98	$14.71	$14.89	$14.18	$14.39	$14.55	$15.07	$15.07
Net Debt/Share	$10.20	$10.21	$14.31	$14.37	$14.52	$14.73	$13.40	$13.59	$13.83	$14.00	$12.93	$13.12	$13.10	$13.11	$12.78	$12.94	$12.31	$12.50	$12.09	$12.52	$12.52

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.527
Altman Z-Prime	snapshot only																				4.135
Piotroski F-Score	7	7	5	7	6	6	4	4	5	5	6	8	9	9	9	9	6	7	6	6	6
Beneish M-Score	-2.68	-2.71	-2.33	-2.94	-2.32	-2.90	-2.79	-2.77	-3.35	-2.82	1.51	-2.69	-2.67	-2.78	-2.73	-2.46	-2.19	-2.17	-2.78	-2.60	-2.604
Ohlson O-Score	snapshot only																				-8.377
Net-Net WC	snapshot only																				$-22.71
EVA	snapshot only																				$158319055.27

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				A
Credit Score	63.47	69.13	63.29	55.93	55.99	56.07	62.38	60.76	59.41	50.52	59.70	61.03	59.91	65.90	69.70	72.69	67.63	74.92	66.80	73.52	73.519
Credit Grade	snapshot only																				6
Credit Trend	snapshot only																				0.829
Implied Spread (bps)	snapshot only																				150.000
Industry Credit Rank	snapshot only																				69
Sector Credit Rank	snapshot only																				63

VCTR NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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