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Viking Holdings Ltd (VIK)

NYSE: VIK · Water Transportation · Woodland Hills, CA · filing with the SEC since 2023
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Grade6.8
◀ Past 7.2● Present 6.2▶ Future 7.2
1 est.
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The grade of Viking Holdings Ltd

Nine metrics read from its own filings, by tense
Headline grade
6.8/10
◀ Past7.230% of the headline
● Present6.240% of the headline
▶ Future7.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.2/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.4/10

Has it survived what it has been through?

No warning events in its filings since 2023.

weight 33% of this tense · 74th percentile among 19 sector filers · read for itself

From the record

Viking Holdings Ltd's filings since 2023 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.6/10

What has it actually done, year after year?

+27% a year over 4 filed years; profitable in 3 of 4.

weight 45% of this tense · 86th percentile among 19 sector filers · read for its customers

From the record

Viking Holdings Ltd's 4 filed years say what it did: revenue went from $3.2 billion in fiscal 2022 to $6.5 billion in fiscal 2025, up 27% a year; it rose in 3 of 3 years; it never fell from a peak; net income was positive in 3 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span27.0%top 15% of its family
  • the share of years revenue rosetop 3% of its family
  • the share of filed years with a profittop 34% of its family
  • the deepest fall from a revenue peak0.0%top 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.3/10

How has it treated the people who own it?

Share count grew 3.2% a year. 1% of cash flow returned. Insiders: 32 sales, 0 purchases.

weight 22% of this tense · 43rd percentile among 16 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Viking Holdings Ltd's diluted share count grew about 3.2% a year, and dividends and buybacks returned about 1% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 32 sales (22 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-06 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 42% of its family
  • cash returned against operating cash flowbottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.9/10

Is it financially healthy right now?

ROE 102%: 102¢ of profit per shareholder dollar. Leverage 91%: owes 91¢ per asset dollar.

weight 33% of this tense · 49th percentile among 18 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Viking Holdings Ltd earned about 102 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 23 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 91 cents per dollar of assets, and net share issuance: its share count grew 21.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 8% of its family
  • return on equitytop 3% of its family
  • gross profit against assetstop 30% of its family
  • the share count against the year beforebottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.5/10

How strong is its position in its industry?

top 25% of 18 in its family; net margin 17.7%.

weight 45% of this tense · 75th percentile among 18 sector filers · read for its customers

From the record

Viking Holdings Ltd's standing among 18 graded names in its industry family: revenue of $6.5 billion in fiscal 2025 ranks in the top 19% by size; a net margin of 17.7% ranks in the top 36%; revenue growth of 27% a year over the last 3 filed years ranks in the top 21% (its annual reports).

What it rests on

  • revenue against the family$6.50Btop 19% of its family
  • net margin17.7%top 36% of its family
  • three-year revenue growth27.0%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.8/10

What are the people in charge doing?

SI estimate 5.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 10 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 10 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 10 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Viking Holdings Ltd's leadership is put at 5.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 10 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.6/10

How much room does it have to grow?

top 44% of 17 in its family for room to expand.

weight 22% of this tense · 56th percentile among 17 sector filers · read for itself

From the record

Viking Holdings Ltd's room to grow, from the newest filed statements (fiscal 2025): cash of $3.8 billion against debt of $5.7 billion leaves -15.2% of its assets as net cash, top 34% of its family; cash from operations less capital spending is 39.4% of revenue (top 28%); a gross margin of 43.3% (bottom 30%) (its annual report).

What it rests on

  • cash less debt against assets-15.2%top 34% of its family
  • cash from operations less capital spending against revenue39.4%top 28% of its family
  • gross margin43.3%bottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.3/10

What could actually drive growth from here?

top 26% of 17 in its family for growth drivers.

weight 45% of this tense · 74th percentile among 17 sector filers · read for its customers

From the record

Viking Holdings Ltd's growth drivers, from the filed years to fiscal 2025: revenue grew 27% a year over the last three filed years against 27% over all 4, speeding up (top 44% of its family); the newest year grew 21.9% (top 9%) (its annual reports). Viking Holdings Ltd tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 44% of its family
  • the newest year's revenue growth21.9%top 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.1/10

Did its newest year beat what its own record pointed to?

top 19% of 16 in its family for expectations against reality.

weight 33% of this tense · 81st percentile among 16 sector filers · read for its shareholders

From the record

Viking Holdings Ltd's newest year against its own record: revenue of $6.5 billion in fiscal 2025 came in 5.9% below the $6.9 billion its prior three years' pace pointed to (top 34% of its family); net income of $1.1 billion against a prior three-year average of $427 million (top 15%); a net margin of 17.7% against -7.8% before (top 9%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-5.9%top 34% of its family
  • net income against the prior three years' average+369%top 15% of its family
  • net margin against its prior average+25.4 pointstop 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton VIK · research, not advice