Victory Capital Holdings (STU:3PK) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Victory Capital Holdings Operating Margin % Related Terms
Victory Capital Holdings Operating Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:3PK vs MAAS, HASI, OTF: Operating Margin % Comparison
For the Asset Management subindustry, Victory Capital Holdings's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Victory Capital Holdings Operating Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Victory Capital Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Victory Capital Holdings's Operating Margin % falls into.
Victory Capital Holdings Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Victory Capital Holdings's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Victory Capital Holdings (STU:3PK) has a Operating Margin % of 44.73% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Victory Capital Holdings and its competitors. This is near median its historical median of 42.30. Over the past decade, Victory Capital Holdings' Operating Margin % has ranged from 13.68 to 49.57. According to the industry distribution chart, Victory Capital Holdings ranks #218 out of 656 companies in the Asset Management industry, placing it in the top 33.2%.
Is Victory Capital Holdings' Operating Margin % too high?
Victory Capital Holdings' current Operating Margin % of 44.73% is near median its 10-year median of 42.30. Over the past 10 years, this metric has ranged from a low of 13.68 to a high of 49.57. The Asset Management industry median Operating Margin % is 17.00. Victory Capital Holdings' value of 44.73% is 163.1% above this industry median. Based on the distribution chart, Victory Capital Holdings ranks #218 out of 656 companies in the Asset Management industry, which is above the industry midpoint. Overall, Victory Capital Holdings has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does Victory Capital Holdings' Operating Margin % compare to MAAS and HASI?
According to the Asset Management industry distribution chart, Victory Capital Holdings ranks #218 out of 656 companies for Operating Margin %. This puts Victory Capital Holdings in the upper half of its industry. The industry median Operating Margin % is 17.00. Victory Capital Holdings' value of 44.73% is 163.1% above this benchmark. Historically, Victory Capital Holdings' own Operating Margin % has ranged from 13.68 to 49.57 over the past decade. While the company's 10-year median is 42.30 vs. the industry median of 17.00, Victory Capital Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for an Asset Management company?
The median Operating Margin % among Asset Management companies is 17.00, based on 656 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Victory Capital Holdings's current Operating Margin % of 44.73% is 163.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Victory Capital Holdings and its competitors. For the Asset Management industry, the median Operating Margin % is 17.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victory Capital Holdings's current Operating Margin % is 44.73%, which is near median its own 10-year median of 42.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Capital Holdings stock overvalued right now?
Victory Capital Holdings (STU:3PK) has a current Operating Margin % of 44.73%. The stock's GF Value™ is €78.68, compared to a current price of €73.00 — trading 7.2% below its estimated fair value. The current Operating Margin % is 44.73%, which is near median its 10-year median of 42.30 and 163.1% above the Asset Management industry median of 17.00. Victory Capital Holdings' overall GF Score™ is 96/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Victory Capital Holdings (STU:3PK), the current Operating Margin % is 44.73% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Victory Capital Holdings (STU:3PK) Overvalued in 2026?
Based on GuruFocus' analysis, Victory Capital Holdings stock appears to be undervalued.
The current stock price of €73.00 is trading 7.2% below its estimated GF Value™ of €78.68.
Key valuation signals for STU:3PK:
Operating Margin %: 44.73% (near median its 10-year median of 42.30)
GF Value™: €78.68 vs. price of €73.00 (7.2% below fair value)
Industry Position: 163.1% above the Asset Management median (#218 of 656)
No single metric tells the full story. See the STU:3PK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Victory Capital Holdings Inc is a diversified investment management firm. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. Its offerings include actively and passively managed mutual funds, rules-based and active exchange traded funds (ETFs), institutional separate accounts, variable insurance products (VIPs), alternative investments, private closed end funds, and a 529 Education Savings Plan. The company operates in one operating and reportable segment that provides investment management services and products to institutional, intermediary, retirement platforms and individual investors. The majority of the company's revenue consists of Investment management fees.
96GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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