Viking Holdings Ltd (VIK) AI Stock Analysis

Viking Holdings Ltd, headquartered in Pembroke, Bermuda, provides passenger shipping and transport services across North America, the United Kingdom, and internationally. Operating within the tourism industry, the company functions as both an operator and tour entrepreneur divided into River and Ocean segments. Established in 1997, its fleet totaled 92 ships as of December 31, 2023. This fleet consists of 81 river vessels, which include 58 Longships and the Viking Mississippi, as well as 9 ocean ships and 2 expedition vessels. The River segment provides culturally focused river cruises, while the Ocean segment delivers worldwide leisure and exploration voyages.

Viking Holdings increased revenue from $625.1M in FY2021 to $6.50B in FY2025, reflecting a 4-year CAGR of 79.6%. Following a net loss of -$2.11B in FY2021, net income rose to $1.15B in FY2025 with a net margin of 17.7% and EPS of $2.62. Operating margin expanded from -120.6% in FY2021 to 23.1% in FY2025. For the trailing twelve months ending June 30, 2026, revenue was $6.97B with a profit margin of 19.3%. In the latest quarter ended June 30, 2026, quarterly revenue growth was 16.5% year-over-year, while quarterly earnings growth reached 32.3%.

As of June 30, 2026, Viking Holdings held $3.99B in cash and short-term investments alongside total debt of $6.19B, resulting in net debt of $2.21B. Shareholders' equity was $1.65B against total assets of $13.78B, leading to a debt-to-equity ratio of 3.75 and a current ratio of 0.81. Operating cash flow stood at $2.33B in FY2025, supporting free cash flow of $1.30B after $1.03B in capital expenditures. Share issuance generated $22.3M in FY2025.

At a last close of $83.42 on October 16, 2026, Viking Holdings trades at a trailing P/E of 27.7x and a forward P/E of 17.2x, above the US-listed Consumer Cyclical peer group medians of 18.0x and 14.1x. Its price-to-sales ratio of 5.3x and EV/EBITDA of 19.0x also exceed the sector medians of 0.7x and 11.1x. The company's 1-year return of 38.7% outperformed the S&P 500 (SPY) return of 16.8%, while trading at -1.2% versus its 200-day average.

Analyst consensus includes 18 Strong Buy, 3 Buy, 1 Hold, 0 Sell, and 1 Strong Sell ratings. The mean price target is $109.41, representing a 31.2% premium over the last close of $83.42. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $7.37B and EPS of $3.23. The company beat EPS estimates in 2 of the last 4 quarters. The next earnings date is November 18, 2026.

This page is an AI-written research summary of Viking Holdings Ltd (VIK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: VIK income statement, VIK balance sheet, VIK key metrics, VIK analyst forecast, VIK chart. See the VIK stock overview for the latest quote and news.