Morningstar (MORN) vs Victory Capital (VCTR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Victory Capital (VCTR) has outperformed Morningstar (MORN) over the past year, gaining 68.3% versus a loss of 11.3%. Over five years, VCTR leads with a +203.4% price change compared with -26.9% for MORN. Morningstar is the larger company by market cap ($7.53 billion vs $6.88 billion), about 1.1 times the size, while Victory Capital is growing revenue faster (+46.2% vs +7.5%).
On valuation, Victory Capital trades at a lower forward P/E (13.0x vs 14.3x for Morningstar). Victory Capital offers the higher dividend yield (1.76% vs 0.97%). Victory Capital converts more of its revenue into profit, with a net margin of 25.3% versus 15.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MORN | VCTR |
|---|---|---|
| Share price | $200.65 | $111.85 |
| Market cap | $7.53B | $6.88B |
| 1-day change | +2.53% | -1.76% |
| YTD return | -7.67% | +77.29% |
| 1-year return | -11.31% | +68.30% |
| 5-year return | -26.88% | +203.36% |
| P/E ratio (TTM) | 19.09 | 20.45 |
| Forward P/E | 14.33 | 13.05 |
| EPS (TTM) | $10.51 | $5.47 |
| Dividend yield | 0.97% | 1.76% |
| Annual dividend | $1.96 | $1.97 |
| Revenue (latest FY) | $2.45B | $1.31B |
| Revenue growth (YoY) | +7.49% | +46.19% |
| Net income (latest FY) | $374.20M | $330.06M |
| Gross margin | 61.03% | — |
| Operating margin | 21.53% | 36.63% |
| Net margin | 15.30% | 25.27% |
| 52-week high | $228.95 | $123.55 |
| 52-week low | $141.49 | $57.03 |
| Distance from 52-week high | -12.36% | -9.47% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +17.95% | +6.10% |
| Average volume | 334.86K | 633.13K |
| Shares outstanding | 37.51M | 61.51M |
| Employees | 10,973 | 699 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- VCTR has outperformed MORN by 79.6 percentage points over the past year.
- Victory Capital is more profitable, keeping 25.3 cents of every revenue dollar as net income versus 15.3 cents for Morningstar.
- Victory Capital grew revenue faster in its latest fiscal year (+46.19% vs +7.49%).
About Morningstar
MORN stock →Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally.
Finance · Investment Managers · 10,973 employees
About Victory Capital
VCTR stock →Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.
Finance · Investment Managers · 699 employees
MORN vs VCTR FAQ
Which is bigger, Morningstar or Victory Capital?
Morningstar (MORN) is larger, with a market capitalization of $7.53B compared with $6.88B for Victory Capital (VCTR).
Which stock has performed better over the past year, MORN or VCTR?
VCTR returned +68.30% over the past 12 months, compared with -11.31% for MORN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MORN or VCTR?
MORN has the lower trailing P/E at 19.1, versus 20.4 for VCTR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Morningstar or Victory Capital?
Victory Capital has the higher yield at 1.76%, compared with 0.97% for Morningstar.
Are Morningstar and Victory Capital in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.