NYSE : VRTS
Virtus Investment Partners, Inc. — Financial statements
Financials · Asset Management · United States
Last price 124.97 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 827.64M
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Financial statements
Virtus Investment Partners, Inc. (VRTS) reported revenue of 825.30M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 819.58M | 847.89M | 902.82M | 841.49M | 881.72M | 974.67M |
| Other Revenue | 5.73M | 4.97M | 4.13M | 3.78M | 4.66M | 4.56M |
| Revenue | 825.30M | 852.87M | 906.95M | 845.27M | 886.38M | 979.23M |
| Cost of Revenue | 486.27M | 489.77M | 528.81M | 501.54M | 483.87M | 499.27M |
| Gross Profit | 339.03M | 363.10M | 378.14M | 343.72M | 402.51M | 479.96M |
| Selling, General & Admin | 17.30M | 17.30M | 15.10M | 14.70M | 14.00M | 5.60M |
| Amortization of Goodwill & Intangibles | 61.12M | 51.78M | 56.30M | 61.03M | 58.50M | 44.48M |
| Other Operating Expenses | 122.78M | 118.87M | 119.41M | 115.39M | 116.59M | 88.10M |
| Operating Expenses | 208.19M | 195.94M | 199.77M | 196.93M | 193.01M | 142.08M |
| Operating Income | 130.84M | 167.16M | 178.37M | 146.80M | 209.50M | 337.89M |
| Interest Expense | -166.67M | -162.38M | -183.32M | -178.77M | -93.41M | -69.64M |
| Interest & Investment Income | 200.79M | 199.75M | 217.22M | 210.16M | 111.77M | 91.44M |
| Earnings From Equity Investments | 3.75M | 3.63M | 2.71M | -198.00K | 187.00K | 4.40M |
| Other Non Operating Income (Expenses) | -2.52M | -162.00K | -677.00K | -242.00K | -340.00K | -173.00K |
| EBT Excluding Unusual Items | 166.20M | 208.01M | 214.30M | 177.76M | 227.71M | 363.92M |
| Merger & Restructuring Charges | -4.39M | -693.00K | -1.49M | -824.00K | -4.01M | |
| Gain (Loss) on Sale of Investments | -6.99M | -22.28M | -10.55M | 4.12M | -51.78M | 2.15M |
| Other Unusual Items | 3.20M | 2.21M | 5.61M | 5.51M | -8.02M | -12.40M |
| Pretax Income | 158.02M | 187.25M | 207.88M | 186.56M | 163.89M | 353.67M |
| Income Tax Expense | 42.07M | 51.26M | 55.42M | 45.09M | 57.26M | 90.83M |
| Earnings From Continuing Operations | 115.95M | 135.99M | 152.45M | 141.48M | 106.63M | 262.83M |
| Minority Interest in Earnings | 3.86M | 2.41M | -30.71M | -10.86M | 10.91M | -54.70M |
| Net Income | 119.81M | 138.40M | 121.75M | 130.62M | 117.54M | 208.13M |
| Net Income to Common | 119.81M | 138.40M | 121.75M | 130.62M | 117.54M | 208.13M |
| Shares Outstanding (Basic) | 6.72M | 6.83M | 7.08M | 7.25M | 7.39M | 7.67M |
| Shares Outstanding (Diluted) | 6.83M | 6.93M | 7.21M | 7.38M | 7.58M | 8.00M |
| EPS (Basic) | 17.84 | 20.27 | 17.19 | 18.02 | 15.90 | 27.13 |
| EPS (Diluted) | 17.55 | 19.97 | 16.89 | 17.71 | 15.50 | 26.01 |
| Free Cash Flow | -51.90M | -74.09M | -3.82M | 228.34M | 126.09M | 659.89M |
| Free Cash Flow Per Share | -7.60 | -10.69 | -0.53 | 30.96 | 16.63 | 82.45 |
| Dividend Per Share | 9.60 | 9.30 | 8.30 | 7.10 | 6.30 | 4.64 |
| Gross Margin | 41.08% | 42.57% | 41.69% | 40.66% | 45.41% | 49.01% |
| Operating Margin | 15.85% | 19.60% | 19.67% | 17.37% | 23.64% | 34.51% |
| Profit Margin | 14.52% | 16.23% | 13.42% | 15.45% | 13.26% | 21.25% |
| Free Cash Flow Margin | -6.29% | -8.69% | -0.42% | 27.01% | 14.22% | 67.39% |
| EBITDA | 202.75M | 230.78M | 247.37M | 216.84M | 278.05M | 388.66M |
| EBITDA Margin | 24.57% | 27.06% | 27.27% | 25.65% | 31.37% | 39.69% |
| D&A For EBITDA | 71.92M | 63.62M | 69.00M | 70.05M | 68.56M | 50.77M |
| EBIT | 130.84M | 167.16M | 178.37M | 146.80M | 209.50M | 337.89M |
| EBIT Margin | 15.85% | 19.60% | 19.67% | 17.37% | 23.64% | 34.51% |
| Effective Tax Rate | 26.62% | 27.38% | 26.66% | 24.17% | 34.94% | 25.68% |
| Revenue as Reported | 825.30M | 852.87M | 906.95M | 845.27M | 886.38M | 979.23M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 285.85M | 477.17M | 399.58M | 340.33M | 588.53M | 585.54M |
| Cash & Short-Term Investments | 285.85M | 477.17M | 399.58M | 340.33M | 588.53M | 585.54M |
| Receivables | 101.51M | 102.73M | 117.21M | 109.08M | 99.27M | 123.87M |
| Restricted Cash | 1.09M | 1.02M | 727.00K | 680.00K | 644.00K | 604.00K |
| Total Current Assets | 388.45M | 580.92M | 517.52M | 450.09M | 688.45M | 710.02M |
| Property, Plant & Equipment | 97.55M | 97.06M | 79.85M | 89.44M | 19.12M | 12.54M |
| Long-Term Investments | 2.70B | 2.77B | 2.37B | 2.20B | 2.28B | 2.24B |
| Goodwill | 640.79M | 397.10M | 397.10M | 397.10M | 348.84M | 338.41M |
| Other Intangible Assets | 599.18M | 327.41M | 378.23M | 432.12M | 442.52M | 500.57M |
| Long-Term Deferred Tax Assets | 16.32M | 18.58M | 23.21M | 25.02M | 23.17M | 19.20M |
| Other Long-Term Assets | 96.32M | 99.40M | 223.82M | 82.13M | 150.54M | 117.63M |
| Total Assets | 4.54B | 4.29B | 3.99B | 3.68B | 3.95B | 3.93B |
| Accounts Payable | 51.68M | 54.52M | 49.49M | 56.05M | 33.20M | 48.50M |
| Accrued Expenses | 93.98M | 197.75M | 224.50M | 200.84M | 181.81M | 187.45M |
| Current Portion of Leases | 12.83M | |||||
| Other Current Liabilities | 444.00K | 225.00K | 356.00K | 518.00K | 16.23M | 15.34M |
| Total Current Liabilities | 146.10M | 265.32M | 274.35M | 257.40M | 231.23M | 251.28M |
| Long-Term Debt | 418.63M | 389.96M | 232.13M | 253.41M | 255.03M | 266.35M |
| Long-Term Leases | 94.12M | 80.40M | 70.04M | 78.14M | ||
| Other Long-Term Liabilities | 2.73B | 2.52B | 2.41B | 2.12B | 2.53B | 2.44B |
| Total Liabilities | 3.38B | 3.25B | 2.99B | 2.71B | 3.02B | 2.96B |
| Common Stock | 124.00K | 123.00K | 122.00K | 122.00K | 120.00K | 119.00K |
| Additional Paid-In Capital | 1.36B | 1.34B | 1.32B | 1.30B | 1.29B | 1.28B |
| Retained Earnings | 359.97M | 340.90M | 268.22M | 207.36M | 130.26M | 60.96M |
| Treasury Stock | -770.13M | -749.59M | -689.59M | -644.46M | -599.25M | -509.25M |
| Comprehensive Income & Other | 234.00K | 462.00K | -364.00K | -87.00K | -358.00K | 20.00K |
| Total Common Equity | 945.28M | 934.04M | 897.49M | 863.93M | 817.02M | 828.28M |
| Minority Interest | 206.40M | 103.74M | 111.42M | 109.23M | 119.64M | 147.31M |
| Shareholders' Equity | 1.15B | 1.04B | 1.01B | 973.16M | 936.65M | 975.59M |
| Total Liabilities & Equity | 4.54B | 4.29B | 3.99B | 3.68B | 3.95B | 3.93B |
| Total Debt | 512.74M | 483.18M | 302.17M | 331.55M | 255.03M | 266.35M |
| Net Cash (Debt) | -226.89M | -6.01M | 97.42M | 8.78M | 333.51M | 319.19M |
| Net Cash Per Share | -33.24 | -0.87 | 13.51 | 1.19 | 43.99 | 39.88 |
| Filing Date Shares Outstanding | 6.62M | 6.70M | 6.97M | 7.09M | 7.18M | 7.51M |
| Total Common Shares Outstanding | 6.62M | 6.70M | 6.97M | 7.09M | 7.18M | 7.51M |
| Working Capital | 242.35M | 315.60M | 243.17M | 192.69M | 457.22M | 458.73M |
| Book Value Per Share | 142.73 | 139.51 | 128.82 | 121.89 | 113.77 | 110.35 |
| Tangible Book Value | -294.69M | 209.54M | 122.17M | 34.71M | 25.66M | -10.70M |
| Tangible Book Value Per Share | -44.50 | 31.30 | 17.53 | 4.90 | 3.57 | -1.43 |
| Machinery | 28.14M | 25.25M | 22.13M | 18.15M | 16.66M | |
| Leasehold Improvements | 26.17M | 27.32M | 26.71M | 22.66M | 19.66M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 119.81M | 138.40M | 121.75M | 130.62M | 117.54M | 208.13M |
| Depreciation & Amortization | 71.92M | 63.62M | 69.00M | 70.05M | 68.56M | 50.77M |
| Other Amortization | 3.45M | 3.45M | 4.53M | 1.69M | 5.87M | 9.12M |
| Loss (Gain) From Sale of Investments | -6.55M | -4.21M | -2.79M | -6.13M | 13.11M | -2.72M |
| Loss (Gain) on Equity Investments | 506.00K | 443.00K | 2.67M | 2.52M | 2.06M | -693.00K |
| Stock-Based Compensation | 26.54M | 23.96M | 32.84M | 26.82M | 24.04M | 26.23M |
| Other Operating Activities | 241.00K | 3.78M | 30.90M | 6.74M | -1.63M | 43.52M |
| Change in Accounts Receivable | 18.64M | 22.22M | 8.83M | 5.39M | 35.48M | -30.06M |
| Change in Other Net Operating Assets | -280.39M | -318.86M | -265.97M | -540.00K | -132.35M | 361.44M |
| Operating Cash Flow | -45.84M | -67.20M | 1.75M | 237.16M | 132.67M | 665.73M |
| Capital Expenditures | -6.05M | -6.89M | -5.58M | -8.82M | -6.58M | -5.84M |
| Cash Acquisitions | -196.00M | 635.00K | -109.00M | -20.58M | -155.64M | |
| Divestitures | -11.37M | -267.00K | -308.00K | -13.56M | ||
| Investment in Securities | -41.08M | -41.08M | -11.64M | |||
| Investing Cash Flow | -243.13M | -47.34M | -16.95M | -129.73M | -27.47M | -175.03M |
| Long-Term Debt Issued | 862.32M | 1.02B | 319.26M | 306.30M | 444.69M | |
| Long-Term Debt Repaid | -493.84M | -806.19M | -522.67M | -204.62M | -570.43M | |
| Net Debt Issued (Repaid) | 493.98M | 368.48M | 210.05M | -203.41M | 101.68M | -125.74M |
| Repurchase of Common Stock | -36.87M | -67.85M | -56.55M | -58.77M | -106.83M | -76.94M |
| Common Dividends Paid | -65.79M | -64.60M | -58.12M | -52.05M | -47.25M | -31.41M |
| Dividends Paid | -65.79M | -64.60M | -58.12M | -52.05M | -47.25M | -31.41M |
| Other Financing Activities | -58.20M | -45.01M | -20.43M | -41.88M | -49.65M | -10.31M |
| Financing Cash Flow | 333.12M | 191.03M | 74.95M | -356.11M | -102.06M | -244.40M |
| Foreign Exchange Rate Adjustments | -544.00K | 1.39M | -456.00K | 523.00K | -112.00K | |
| Net Cash Flow | 43.60M | 77.88M | 59.30M | -248.16M | 3.03M | 246.30M |
| Free Cash Flow | -51.90M | -74.09M | -3.82M | 228.34M | 126.09M | 659.89M |
| Free Cash Flow Margin | -6.29% | -8.69% | -0.42% | 27.01% | 14.22% | 67.39% |
| Free Cash Flow Per Share | -7.60 | -10.69 | -0.53 | 30.96 | 16.63 | 82.45 |
| Levered Free Cash Flow | 56.29M | 79.46M | 106.46M | 86.09M | 168.95M | 306.72M |
| Unlevered Free Cash Flow | 157.01M | 177.50M | 216.51M | 196.13M | 221.46M | 345.08M |
| Cash Interest Paid | 19.07M | 19.07M | 20.26M | 22.31M | 11.13M | 6.48M |
| Cash Income Tax Paid | 46.04M | 46.04M | 56.38M | 31.16M | 74.31M | 95.41M |
| Change in Working Capital | -261.75M | -296.64M | -257.14M | 4.85M | -96.87M | 331.38M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 804.19M | 1.10B | 1.55B | 1.74B | 1.38B | 2.25B |
| Enterprise Value | 1.03B | 1.23B | 1.64B | 1.80B | 1.47B | 2.07B |
| Last Close Price | 118.23 | 152.73 | 196.11 | 207.66 | 158.64 | 238.55 |
| PE Ratio | 6.92 | 7.96 | 12.72 | 13.30 | 11.78 | 10.83 |
| Forward PE | 5.78 | 6.39 | 7.44 | 9.90 | 8.81 | 7.38 |
| PS Ratio | 0.98 | 1.29 | 1.71 | 2.06 | 1.56 | 2.30 |
| PB Ratio | 0.83 | 1.06 | 1.53 | 1.78 | 1.48 | 2.31 |
| P/TBV Ratio | 5.26 | 12.67 | 50.05 | 53.95 | ||
| P/FCF Ratio | 7.61 | 10.98 | 3.42 | |||
| P/OCF Ratio | 882.13 | 7.32 | 10.44 | 3.39 | ||
| PEG Ratio | 11.28 | 11.28 | 11.28 | 11.28 | 11.28 | |
| EV/Sales Ratio | 1.26 | 1.44 | 1.80 | 2.13 | 1.66 | 2.11 |
| EV/EBITDA Ratio | 5.12 | 5.33 | 6.62 | 8.30 | 5.28 | 5.32 |
| EV/EBIT Ratio | 7.94 | 7.36 | 9.18 | 12.27 | 7.00 | 6.12 |
| EV/FCF Ratio | 7.89 | 11.63 | 3.13 | |||
| Debt / Equity Ratio | 0.45 | 0.47 | 0.30 | 0.34 | 0.27 | 0.27 |
| Debt / EBITDA Ratio | 2.32 | 1.95 | 1.15 | 1.43 | 0.92 | 0.69 |
| Debt / FCF Ratio | 1.45 | 2.02 | 0.40 | |||
| Net Debt / Equity Ratio | 0.20 | 0.01 | -0.10 | -0.01 | -0.36 | -0.33 |
| Net Debt / EBITDA Ratio | 1.12 | 0.03 | -0.39 | -0.04 | -1.20 | -0.82 |
| Net Debt / FCF Ratio | -4.37 | -0.08 | 25.48 | -0.04 | -2.65 | -0.48 |
| Asset Turnover | 0.20 | 0.21 | 0.24 | 0.22 | 0.23 | 0.27 |
| Quick Ratio | 2.65 | 2.19 | 1.88 | 1.75 | 2.98 | 2.82 |
| Current Ratio | 2.66 | 2.19 | 1.89 | 1.75 | 2.98 | 2.83 |
| Return on Equity (ROE) | 10.67% | 13.29% | 15.38% | 14.82% | 11.15% | 29.01% |
| Return on Assets (ROA) | 1.99% | 2.52% | 2.91% | 2.40% | 3.32% | 5.71% |
| Return on Invested Capital (ROIC) | 6.98% | 12.42% | 13.95% | 14.20% | 21.64% | 36.91% |
| Return on Capital Employed (ROCE) | 3.00% | 4.20% | 4.80% | 4.30% | 5.60% | 9.20% |
| Earnings Yield | 14.45% | 12.56% | 7.86% | 7.52% | 8.49% | 9.23% |
| FCF Yield | -6.40% | -6.72% | -0.25% | 13.15% | 9.11% | 29.27% |
| Dividend Yield | 8.07% | 5.65% | 3.74% | 2.90% | 3.27% | 1.54% |
| Payout Ratio | 55.85% | 46.68% | 47.74% | 39.85% | 40.20% | 15.09% |
| Buyback Yield / Dilution | 3.53% | 3.90% | 2.24% | 2.73% | 5.26% | -0.34% |
| Total Shareholder Return | 11.53% | 9.55% | 5.97% | 5.63% | 8.53% | 1.21% |