Viking Holdings Ltd (VIK)

Viking Holdings Ltd focused on providing passenger cruises in North America, the United Kingdom, and internationally. It operates through the River and Ocean segments. The Group defines its products based on the type of cruise offering and language of the cruise service. The River segment provides river cruises outside the United States for English-speaking passengers. The Ocean segment provides ocean cruises for English-speaking passengers. The company provides expedition cruises for English-speaking passengers, Mississippi River cruises for English-speaking passengers and Viking Asia, which includes cruises in languages other than English provided. As of December 31, 2025, Viking Holdings Ltd operated a fleet of 103 ships, including 89 river vessels comprising 59 Longships, 12 smaller classes based on the Longship design,15 other river vessels, and three river vessel charters, including the Viking Saigon, Viking Mississippi, and the Viking Tonle; 12 ocean ships and 2 expedition ships. The company was formerly known as MISA Investments Limited and changed its name to Viking Holdings Ltd in November 2016. The company was founded in 1997 and is based in Pembroke, Bermuda.

Ticker
VIK
Exchange
NYSE
Sector
Consumer Cyclical
Industry
Travel Services
Market cap
$39.05B
52-week range
$56.37 - $110.09

Valuation

Share price
$87.48 (close of Nov 6, 2026)
P/E (TTM)
28.78x
Price to book
23.63x
Price to free cash flow
15.15x
Enterprise value
$40.73B
Book value per share
$3.70

Price performance

PeriodChange
1 day+1.53%
5 days+0.01%
1 month+7.15%
3 months-17.62%
6 months+1.66%
Year to date+22.50%
1 year+52.64%
All time+235.17%

Short interest

As of
Oct 15, 2026
Short % of float
4.06%
Shares short
8.42M
Days to cover
2.76
Change since prior report
-6.51%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
102.34%
Return on invested capital
21.59%
Return on assets
9.38%
Return on capital employed
23.05%
Gross margin
43.34%
Net margin
17.65%
EBITDA margin
23.10%
Revenue growth
21.89%
Free cash flow growth
22.97%

Cash flow and balance sheet

Free cash flow yield (TTM)
6.60%
Current ratio
0.81x
Net debt to EBITDA
1.08x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$6.50B
Cost of revenue
$3.68B
Gross profit
$2.82B
EBITDA
$1.50B
Net income
$1.15B
Earnings per share
$2.59
Shares outstanding
443.50M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$6.50B$2.82B$1.15B$2.59
2024-12-31$5.33B$2.22B$152.33M$0.36
2023-12-31$4.71B$1.86B-$1.85B-$4.42
2022-12-31$3.18B$1.02B$414.72M$1.11

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3143.34%17.65%102.34%21.59%
2024-12-3141.62%2.86%-19.77%
2023-12-3139.46%-39.29%-289.62%
2022-12-3132.23%13.06%-2.65%

Cash and debt by year

Period endCashDebt
2025-12-31$3.80B$5.13B
2024-12-31$2.49B$4.87B
2023-12-31$1.51B-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$2.56B$88.52M
2024-12-31$2.08B$14.11M
2023-12-31$1.37B$17.91M
2022-12-31$372.67M$25.26M

Investor relations

Next earnings report

Next confirmed report
Nov 17, 2026
Consensus EPS estimate
$1.23

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-19Jun 2026$1.25
2026-05-14Mar 2026-$0.12
2026-03-03Dec 2025$0.54
2025-11-19Sep 2025$1.19
2025-08-19Jun 2025$0.99
2025-05-20Mar 2025-$0.26
2025-03-11Dec 2024$0.36
2024-11-19Sep 2024$0.83

Filings and sources

Company website
viking.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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