Viking Holdings (VIK) FCF Margin (2023 - 2025)
Viking Holdings' (VIK) quarterly FCF Margin came in at 57.75% in Q4 2025, down 1049.0% year-on-year from 6.08% in Q4 2024, and up 60.71% on a QoQ basis from 35.93% in Q3 2025.
Viking Holdings (VIK) FCF Margin (2023 - 2025) Analysis & Trends
Viking Holdings (VIK) has 3 years of FCF Margin data on file, last reported at 57.75% in Q4 2025.
- On a quarterly basis, FCF Margin fell 1049.0% year-over-year to 57.75% in Q4 2025; TTM through Dec 2025 was 55.18%, a 106.0% decrease from a year earlier, with the FY2025 full-year figure at 55.18%, down 106.0% from the prior year.
- FCF Margin for Q4 2025 stood at 57.75%, up from 35.93% in the prior quarter.
- Over the last five years, FCF Margin for VIK reached as high as 81.84% in Q1 2025 and fell as low as 17.8% in Q4 2023.
- Historically, FCF Margin has averaged 54.14% across 3 years, with a median of 56.98% in 2025.
- On a YoY basis, FCF Margin climbed as much as 5043 bps in 2024 and fell as far as 3118 bps in 2024.
- Year by year, FCF Margin stood at 17.8% in 2023, then jumped by 283 bps to 68.23% in 2024, then fell by 15 bps to 57.75% in 2025.
- Per Business Quant data, the three most recent FCF Margin figures were 57.75% in Q4 2025, 35.93% in Q3 2025, and 60.56% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 56.18% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 29.96% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 63.78% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -7.15% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 57.75% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 26.34% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 109.37% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | -26.82% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 18.57% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | -6.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 57.75% |
| Sep 30, 2025 | 35.93% |
| Jun 30, 2025 | 60.56% |
| Mar 31, 2025 | 81.84% |
| Dec 31, 2024 | 68.23% |
| Sep 30, 2024 | 56.22% |
| Jun 30, 2024 | 36.30% |
| Mar 31, 2024 | 77.76% |
| Dec 31, 2023 | 17.80% |
| Sep 30, 2023 | 34.06% |
| Jun 30, 2023 | 67.49% |
| Mar 31, 2023 | 55.78% |