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Viking Holdings

VIK on NYSE. Water transportation. Market value $35.9bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Industrials stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2025
n/a

We could not compute this from the filings.

Price to profit
annual report to December 2025
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$81.64 a share, 45% above its 1-year low

Over the past year the price has ranged from $56.37 to $110.09.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
20242025
Revenue
n/an/a
Operating margin
n/an/a
Debt to equity
n/an/a
Shares outstanding
n/an/a

Health checks

  • Free cash flow positiveNot enough data
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)Not enough data
  • Profit backed by cash (accruals)Not enough data
  • DebtUnknown
  • Revenue growth, five yearsUnknown

Dates

Next results (estimated)
n/a
Last annual report (10-K)
3 March 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

2 long-term investors we follow own it, unchanged from 2 last quarter. 611 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

3 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 6 sold $40m, $37m of it under preset trading plans.

  • Hugh Milton
    EVP, Sales
    Sold
    under a preset trading plan
    Date
    11 September 2026
    Shares
    20,000
    Price
    $85.57
    Value
    $2m
  • Marnell Richard
    EVP, Marketing
    Sold
    under a preset trading plan
    Date
    16 June 2026
    Shares
    159
    Price
    $94.67
    Value
    $15,053
  • Hofmann Anton
    EVP, Group Operations
    Sold
    under a preset trading plan
    Date
    15 June 2026
    Shares
    94,276
    Price
    $95.33
    Value
    $9m
  • Marnell Richard
    EVP, Marketing
    Sold
    under a preset trading plan
    Date
    15 June 2026
    Shares
    6,120
    Price
    $94.30
    Value
    $577,140
  • Marnell Richard
    EVP, Marketing
    Sold
    under a preset trading plan
    Date
    12 June 2026
    Shares
    11,287
    Price
    $92.85
    Value
    $1m
  • Hofmann Anton
    EVP, Group Operations
    Sold
    under a preset trading plan
    Date
    10 June 2026
    Shares
    5,956
    Price
    $91.00
    Value
    $541,996
  • Hofmann Anton
    EVP, Group Operations
    Sold
    under a preset trading plan
    Date
    9 June 2026
    Shares
    65,283
    Price
    $91.32
    Value
    $6m
  • Hofmann Anton
    EVP, Group Operations
    Sold
    under a preset trading plan
    Date
    8 June 2026
    Shares
    120,000
    Price
    $89.24
    Value
    $11m
  • Hugh Milton
    EVP, Sales
    Sold
    Date
    1 June 2026
    Shares
    4,610
    Price
    $91.63
    Value
    $422,434
  • Talactac Leah
    President and CEO
    Sold
    Date
    1 June 2026
    Shares
    5,961
    Price
    $91.45
    Value
    $545,120

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.