COMP <GO>
VCTR vs MORN // EV/EBITDA & P/E VALUATION
Victory Capital Holdings Inc. (NASDAQ) VS. Morningstar Inc. (NASDAQ) • 15-METRIC TALLY: VCTR 7
— MORN 5
▲ EV/EBITDA & P/E VALUATION LEADER: MORN
LAST: $110.62 (-2.80%) • MKT CAP: $7.00B
valuation
15.8x
LAST: $226.19 (+1.64%) • MKT CAP: $8.26B
valuation
13.6x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (VCTR VS. MORN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | VCTR | MORN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 12.50% | 22.90% | -10.40 | MORN | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 15.8x | 13.6x | +2.20 | MORN | /valuation <GO> |
| Free Cash Flow Yield | 5.45% | 5.36% | +0.09 | VCTR | /fcf-yield <GO> |
| Operating Margin | 36.60% | 21.50% | +15.10 | VCTR | /operating-margins <GO> |
| Net Profit Margin | 25.30% | 16.80% | +8.50 | VCTR | /net-margins <GO> |
| Revenue Growth (YoY) | 46.20% | 7.50% | +38.70 | VCTR | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.24% | 0.93% | +1.31 | VCTR | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 7/9 | +2.00 | VCTR | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 58.7 | 61.6 | -2.90 | MORN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.99 | 1.06 | -0.07 | MORN | /macro-sensitivity <GO> |
| Forward P/E Multiple | 17.8x | 18.7x | -0.90 | VCTR | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $7.00B | $8.26B | -$1.26B | MORN | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | VCTR REV | MORN REV | VCTR GROSS % | MORN GROSS % | VCTR FCF | MORN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.31B | $2.45B | — | 61.0% | $381.3M | $442.6M |
| FY 2024 | $893.5M | $2.28B | — | 60.6% | $338.7M | $448.9M |
| FY 2023 | $821.0M | $2.04B | — | — | $293.3M | $224.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
VCTR // BETA 0.99
MORN // BETA 1.06