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Side-by-side financial comparison of Priority Technology Holdings, Inc. (PRTH) and Victory Capital Holdings, Inc. (VCTR). Click either name above to swap in a different company.

Victory Capital Holdings, Inc. is the larger business by last-quarter revenue ($374.1M vs $247.1M, roughly 1.5× Priority Technology Holdings, Inc.). Victory Capital Holdings, Inc. runs the higher net margin — 30.2% vs 3.6%, a 26.5% gap on every dollar of revenue. On growth, Victory Capital Holdings, Inc. posted the faster year-over-year revenue change (61.0% vs 8.8%). Victory Capital Holdings, Inc. produced more free cash flow last quarter ($144.5M vs $30.9M). Over the past eight quarters, Victory Capital Holdings, Inc.'s revenue compounded faster (31.7% CAGR vs 9.6%).

Information technology (IT) is the study or use of computers, telecommunication systems and other devices to create, process, store, retrieve and transmit information. While the term is commonly used to refer to computers and computer networks, it also encompasses other information distribution technologies such as television and telephones. Information technology is an application of computer science and computer engineering.

Victory Capital Holdings, Inc. is an American financial services company headquartered in San Antonio, Texas that focuses on investment management. Outside the US, it also has investment professionals in London, Hong Kong and Singapore.

PRTH vs VCTR — Head-to-Head

Bigger by revenue
VCTR
VCTR
1.5× larger
VCTR
$374.1M
$247.1M
PRTH
Growing faster (revenue YoY)
VCTR
VCTR
+52.2% gap
VCTR
61.0%
8.8%
PRTH
Higher net margin
VCTR
VCTR
26.5% more per $
VCTR
30.2%
3.6%
PRTH
More free cash flow
VCTR
VCTR
$113.6M more FCF
VCTR
$144.5M
$30.9M
PRTH
Faster 2-yr revenue CAGR
VCTR
VCTR
Annualised
VCTR
31.7%
9.6%
PRTH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRTH
PRTH
VCTR
VCTR
Revenue
$247.1M
$374.1M
Net Profit
$8.9M
$112.8M
Gross Margin
Operating Margin
13.6%
40.9%
Net Margin
3.6%
30.2%
Revenue YoY
8.8%
61.0%
Net Profit YoY
23.9%
46.6%
EPS (diluted)
$0.10
$1.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PRTH
PRTH
VCTR
VCTR
Q4 25
$247.1M
$374.1M
Q3 25
$241.4M
$361.2M
Q2 25
$239.8M
$351.2M
Q1 25
$224.6M
$219.6M
Q4 24
$227.1M
$232.4M
Q3 24
$227.0M
$225.6M
Q2 24
$219.9M
$219.6M
Q1 24
$205.7M
$215.9M
Net Profit
PRTH
PRTH
VCTR
VCTR
Q4 25
$8.9M
$112.8M
Q3 25
$27.6M
$96.5M
Q2 25
$10.9M
$58.7M
Q1 25
$8.3M
$62.0M
Q4 24
$7.2M
$76.9M
Q3 24
$10.6M
$82.0M
Q2 24
$994.0K
$74.3M
Q1 24
$5.2M
$55.7M
Operating Margin
PRTH
PRTH
VCTR
VCTR
Q4 25
13.6%
40.9%
Q3 25
15.6%
38.2%
Q2 25
15.6%
26.8%
Q1 25
14.5%
42.3%
Q4 24
15.0%
48.1%
Q3 24
16.8%
53.3%
Q2 24
15.1%
50.4%
Q1 24
13.6%
39.3%
Net Margin
PRTH
PRTH
VCTR
VCTR
Q4 25
3.6%
30.2%
Q3 25
11.4%
26.7%
Q2 25
4.5%
16.7%
Q1 25
3.7%
28.2%
Q4 24
3.2%
33.1%
Q3 24
4.7%
36.3%
Q2 24
0.5%
33.8%
Q1 24
2.5%
25.8%
EPS (diluted)
PRTH
PRTH
VCTR
VCTR
Q4 25
$0.10
$1.33
Q3 25
$0.34
$1.11
Q2 25
$0.14
$0.68
Q1 25
$0.10
$0.96
Q4 24
$-0.05
$1.18
Q3 24
$0.07
$1.24
Q2 24
$-0.23
$1.12
Q1 24
$-0.10
$0.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PRTH
PRTH
VCTR
VCTR
Cash + ST InvestmentsLiquidity on hand
$77.2M
$163.7M
Total DebtLower is stronger
$1.0B
$970.0M
Stockholders' EquityBook value
$-100.4M
$2.4B
Total Assets
$2.4B
$4.2B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRTH
PRTH
VCTR
VCTR
Q4 25
$77.2M
$163.7M
Q3 25
$57.0M
$115.7M
Q2 25
$50.6M
$107.9M
Q1 25
$47.6M
$175.6M
Q4 24
$58.6M
$126.7M
Q3 24
$41.1M
$188.2M
Q2 24
$34.6M
$119.0M
Q1 24
$34.3M
$79.9M
Total Debt
PRTH
PRTH
VCTR
VCTR
Q4 25
$1.0B
$970.0M
Q3 25
$997.5M
$972.0M
Q2 25
$917.0M
$965.7M
Q1 25
$918.9M
$964.8M
Q4 24
$920.9M
$963.9M
Q3 24
$808.1M
$982.7M
Q2 24
$809.0M
$981.7M
Q1 24
$631.4M
$990.2M
Stockholders' Equity
PRTH
PRTH
VCTR
VCTR
Q4 25
$-100.4M
$2.4B
Q3 25
$-110.3M
$2.4B
Q2 25
$-146.1M
$2.5B
Q1 25
$-158.3M
$1.1B
Q4 24
$-166.8M
$1.1B
Q3 24
$-165.8M
$1.2B
Q2 24
$-172.1M
$1.1B
Q1 24
$-159.9M
$1.1B
Total Assets
PRTH
PRTH
VCTR
VCTR
Q4 25
$2.4B
$4.2B
Q3 25
$2.2B
$4.2B
Q2 25
$2.0B
$4.2B
Q1 25
$1.9B
$2.6B
Q4 24
$1.8B
$2.5B
Q3 24
$1.8B
$2.6B
Q2 24
$1.7B
$2.5B
Q1 24
$1.6B
$2.5B
Debt / Equity
PRTH
PRTH
VCTR
VCTR
Q4 25
0.40×
Q3 25
0.41×
Q2 25
0.39×
Q1 25
0.84×
Q4 24
0.86×
Q3 24
0.84×
Q2 24
0.87×
Q1 24
0.92×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PRTH
PRTH
VCTR
VCTR
Operating Cash FlowLast quarter
$36.8M
$145.1M
Free Cash FlowOCF − Capex
$30.9M
$144.5M
FCF MarginFCF / Revenue
12.5%
38.6%
Capex IntensityCapex / Revenue
2.4%
0.2%
Cash ConversionOCF / Net Profit
4.12×
1.29×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$381.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRTH
PRTH
VCTR
VCTR
Q4 25
$36.8M
$145.1M
Q3 25
$36.1M
$165.9M
Q2 25
$17.1M
$-6.6M
Q1 25
$10.0M
$81.1M
Q4 24
$23.8M
$91.8M
Q3 24
$19.8M
$99.8M
Q2 24
$28.7M
$79.7M
Q1 24
$13.3M
$68.7M
Free Cash Flow
PRTH
PRTH
VCTR
VCTR
Q4 25
$30.9M
$144.5M
Q3 25
$30.1M
$164.8M
Q2 25
$9.2M
$-7.5M
Q1 25
$4.9M
$79.5M
Q4 24
$19.1M
$91.7M
Q3 24
$14.5M
$99.4M
Q2 24
$23.6M
$79.5M
Q1 24
$6.7M
$68.2M
FCF Margin
PRTH
PRTH
VCTR
VCTR
Q4 25
12.5%
38.6%
Q3 25
12.5%
45.6%
Q2 25
3.8%
-2.1%
Q1 25
2.2%
36.2%
Q4 24
8.4%
39.4%
Q3 24
6.4%
44.0%
Q2 24
10.7%
36.2%
Q1 24
3.3%
31.6%
Capex Intensity
PRTH
PRTH
VCTR
VCTR
Q4 25
2.4%
0.2%
Q3 25
2.5%
0.3%
Q2 25
3.3%
0.3%
Q1 25
2.3%
0.7%
Q4 24
2.0%
0.1%
Q3 24
2.3%
0.2%
Q2 24
2.3%
0.1%
Q1 24
3.2%
0.2%
Cash Conversion
PRTH
PRTH
VCTR
VCTR
Q4 25
4.12×
1.29×
Q3 25
1.31×
1.72×
Q2 25
1.57×
-0.11×
Q1 25
1.20×
1.31×
Q4 24
3.29×
1.19×
Q3 24
1.87×
1.22×
Q2 24
28.87×
1.07×
Q1 24
2.56×
1.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PRTH
PRTH

Segment breakdown not available.

VCTR
VCTR

Investment Management Fees$301.4M81%
Fund Administration And Distribution Fees$72.8M19%

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