Virtus Investmen Financials
This page shows Virtus Investmen (VRTS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Virtus Investmen has an operating margin of 20.1%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 17.9% the prior year.
Virtus Investmen's revenue grew 7.3% year-over-year to $906.9M, a solid pace of expansion. This earns a growth score of 49/100.
Virtus Investmen carries a low D/E ratio of 0.26, meaning only $0.26 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
While Virtus Investmen generated $1.8M in operating cash flow, capex of $5.6M consumed most of it, leaving -$3.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Virtus Investmen earns a strong 17.0% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 68/100. This is up from 16.4% the prior year.
Virtus Investmen passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Virtus Investmen generates $0.01 in operating cash flow ($1.8M OCF vs $152.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Virtus Investmen generated $906.9M in revenue in fiscal year 2024. This represents an increase of 7.3% from the prior year.
Virtus Investmen's EBITDA was $251.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 13.5% from the prior year.
Virtus Investmen generated -$3.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 101.7% from the prior year.
Virtus Investmen reported $152.5M in net income in fiscal year 2024. This represents an increase of 7.8% from the prior year.
Virtus Investmen earned $16.89 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 4.6% from the prior year.
Virtus Investmen held $400.3M in cash against $232.1M in long-term debt as of fiscal year 2024.
Virtus Investmen paid $8.30 per share in dividends in fiscal year 2024. This represents an increase of 16.9% from the prior year.
Virtus Investmen had 7M shares outstanding in fiscal year 2024. This represents a decrease of 1.7% from the prior year.
Virtus Investmen's operating margin was 20.1% in fiscal year 2024, reflecting core business profitability. This is up 2.2 percentage points from the prior year.
Virtus Investmen's net profit margin was 16.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.
Virtus Investmen's ROE was 17.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the prior year.
Virtus Investmen spent $44.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 0.3% from the prior year.
Virtus Investmen invested $5.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 36.8% from the prior year.
VRTS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $216.4M+2.8% | $210.5M-3.4% | $217.9M+1.6% | $214.6M-2.1% | $219.3M+2.7% | $213.5M+7.9% | $197.9M-0.3% | $198.4M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $47.1M+4.1% | $45.2M+23.5% | $36.6M-6.1% | $39.0M-13.2% | $44.9M+15.0% | $39.0M+36.6% | $28.6M-8.5% | $31.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $13.1M+5.7% | $12.4M+0.4% | $12.3M-7.1% | $13.3M+9.1% | $12.2M+11.6% | $10.9M+25.4% | $8.7M-34.5% | $13.3M |
| Net Income | $31.3M-26.7% | $42.7M+52.4% | $28.1M-27.1% | $38.5M+0.9% | $38.2M+26.4% | $30.2M-12.9% | $34.6M+34.1% | $25.8M |
| EPS (Diluted) | $4.65-24.0% | $6.12+51.1% | $4.05-3.8% | $4.21+0.5% | $4.19+2.2% | $4.10-21.3% | $5.21+9.9% | $4.74 |
VRTS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.9B+5.7% | $3.7B+0.2% | $3.7B+0.2% | $3.7B-2.3% | $3.8B+3.3% | $3.6B-1.4% | $3.7B-6.4% | $4.0B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $462.2M+90.0% | $243.3M+10.8% | $219.6M-35.6% | $341.0M-16.0% | $405.8M+13.5% | $357.7M-14.5% | $418.2M-29.0% | $589.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $106.5M-2.0% | $108.6M-3.8% | $112.9M+3.5% | $109.1M+1.9% | $107.0M+2.7% | $104.2M+6.5% | $97.9M-1.4% | $99.3M |
| Goodwill | $397.1M0.0% | $397.1M0.0% | $397.1M0.0% | $397.1M0.0% | $397.1M0.0% | $397.1M+13.8% | $348.8M0.0% | $348.8M |
| Total Liabilities | $2.9B+7.8% | $2.7B+0.1% | $2.7B-1.3% | $2.7B-3.4% | $2.8B+4.6% | $2.7B-2.5% | $2.7B-8.9% | $3.0B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $390.6M+68.9% | $231.3M-0.2% | $231.7M-8.6% | $253.4M-7.5% | $273.8M-6.9% | $294.2M+15.6% | $254.6M-0.2% | $255.0M |
| Total Equity | $918.7M+2.5% | $896.4M+0.3% | $893.7M+3.4% | $863.9M+0.2% | $862.1M+1.2% | $851.5M+1.6% | $837.9M+2.6% | $817.0M |
| Retained Earnings | $322.3M+4.9% | $307.4M+9.4% | $281.0M+35.5% | $207.4M+8.8% | $190.6M+9.5% | $174.0M+11.7% | $155.8M+19.6% | $130.3M |
VRTS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $108.3M+42.9% | $75.8M+2100.4% | -$3.8M-151.8% | $7.3M-94.3% | $127.8M-11.9% | $145.0M+437.6% | -$43.0M-93.7% | -$22.2M |
| Capital Expenditures | $1.4M-8.9% | $1.6M-48.1% | $3.0M+25.2% | $2.4M-38.7% | $3.9M+253.6% | $1.1M-24.0% | $1.4M+33.2% | $1.1M |
| Free Cash Flow | $106.9M+44.0% | $74.2M+1196.0% | -$6.8M-237.2% | $4.9M-96.0% | $123.9M-14.0% | $143.9M+424.2% | -$44.4M-90.9% | -$23.3M |
| Investing Cash Flow | -$1.4M-37.4% | -$1.0M+65.5% | -$3.0M-25.2% | -$2.4M+41.9% | -$4.1M+96.3% | -$110.1M-737.6% | -$13.1M-664.2% | -$1.7M |
| Financing Cash Flow | $112.3M+315.7% | -$52.1M+70.2% | -$174.5M-148.0% | -$70.3M+6.3% | -$75.0M+21.5% | -$95.6M+16.9% | -$115.1M-153.1% | $216.9M |
| Dividends Paid | $15.4M-2.9% | $15.8M-7.7% | $17.1M+25.5% | $13.7M+13.7% | $12.0M-2.2% | $12.3M-12.8% | $14.1M+17.3% | $12.0M |
| Share Buybacks | $0-100.0% | $30.0M+50.0% | $20.0M0.0% | $20.0M+33.3% | $15.0M+50.0% | $10.0M | $0-100.0% | $10.0M |
VRTS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 21.8%+0.3pp | 21.5%+4.7pp | 16.8%-1.4pp | 18.1%-2.3pp | 20.5%+2.2pp | 18.3%+3.9pp | 14.4%-1.3pp | 15.7% |
| Net Margin | 14.5%-5.8pp | 20.3%+7.4pp | 12.9%-5.1pp | 17.9%+0.5pp | 17.4%+3.3pp | 14.1%-3.4pp | 17.5%+4.5pp | 13.0% |
| Return on Equity | 3.4%-1.4pp | 4.8%+1.6pp | 3.1%-1.3pp | 4.5%+0.0pp | 4.4%+0.9pp | 3.5%-0.6pp | 4.1%+1.0pp | 3.2% |
| Return on Assets | 0.8%-0.4pp | 1.2%+0.4pp | 0.8%-0.3pp | 1.1%+0.0pp | 1.0%+0.2pp | 0.8%-0.1pp | 0.9%+0.3pp | 0.7% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.43+0.2 | 0.260.0 | 0.26-0.0 | 0.29-0.0 | 0.32-0.0 | 0.35+0.0 | 0.300.0 | 0.31 |
| FCF Margin | 49.4%+14.1pp | 35.3%+38.4pp | -3.1%-5.4pp | 2.3%-54.2pp | 56.5%-10.9pp | 67.4%+89.9pp | -22.4%-10.7pp | -11.7% |
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Frequently Asked Questions
What is Virtus Investmen's annual revenue?
Virtus Investmen (VRTS) reported $906.9M in total revenue for fiscal year 2024. This represents a 7.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Virtus Investmen's revenue growing?
Virtus Investmen (VRTS) revenue grew by 7.3% year-over-year, from $845.3M to $906.9M in fiscal year 2024.
Is Virtus Investmen profitable?
Yes, Virtus Investmen (VRTS) reported a net income of $152.5M in fiscal year 2024, with a net profit margin of 16.8%.
What is Virtus Investmen's earnings per share (EPS)?
Virtus Investmen (VRTS) reported diluted earnings per share of $16.89 for fiscal year 2024. This represents a -4.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Virtus Investmen's EBITDA?
Virtus Investmen (VRTS) had EBITDA of $251.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Virtus Investmen have?
As of fiscal year 2024, Virtus Investmen (VRTS) had $400.3M in cash and equivalents against $232.1M in long-term debt.
What is Virtus Investmen's operating margin?
Virtus Investmen (VRTS) had an operating margin of 20.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Virtus Investmen's net profit margin?
Virtus Investmen (VRTS) had a net profit margin of 16.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Virtus Investmen pay dividends?
Yes, Virtus Investmen (VRTS) paid $8.30 per share in dividends during fiscal year 2024.
What is Virtus Investmen's return on equity (ROE)?
Virtus Investmen (VRTS) has a return on equity of 17.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Virtus Investmen's free cash flow?
Virtus Investmen (VRTS) generated -$3.8M in free cash flow during fiscal year 2024. This represents a -101.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Virtus Investmen's operating cash flow?
Virtus Investmen (VRTS) generated $1.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Virtus Investmen's total assets?
Virtus Investmen (VRTS) had $4.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Virtus Investmen's capital expenditures?
Virtus Investmen (VRTS) invested $5.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Virtus Investmen buy back shares?
Yes, Virtus Investmen (VRTS) spent $44.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Virtus Investmen have outstanding?
Virtus Investmen (VRTS) had 7M shares outstanding as of fiscal year 2024.
What is Virtus Investmen's debt-to-equity ratio?
Virtus Investmen (VRTS) had a debt-to-equity ratio of 0.26 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Virtus Investmen's return on assets (ROA)?
Virtus Investmen (VRTS) had a return on assets of 3.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Virtus Investmen's Piotroski F-Score?
Virtus Investmen (VRTS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Virtus Investmen's earnings high quality?
Virtus Investmen (VRTS) has an earnings quality ratio of 0.01x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Virtus Investmen?
Virtus Investmen (VRTS) scores 63 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.