VCTRVictory Capital Holdings, Inc.

$112.36+71% 1Y

Is the business good?

Mixed

The checks split: margins steady and returns not propped up by debt.

2 neutral, 2 without data
Margin direction, 3 years−0.6 pts

Profits are tracking sales roughly one-for-one, limited operating leverage either way.

Where ROE comes from9% ROA

Margin-driven, fat margins on slower asset turns. ROE 15% = margin × turnover × leverage.

All from derived.

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.