What is Virtus Investmen's earnings per share (EPS)?

Virtus Investmen (VRTS) reported diluted earnings per share of $19.97 for fiscal year 2025. This represents a 18.2% 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.

Virtus Investmen Financials

VRTS

Trailing 12 months to June 30, 2026

Revenue $825.3M -7.2% YoY

Net Income $116.0M -27.3% YoY

EPS (Diluted) $17.54 -14.6% YoY

Free Cash Flow -$51.9M -265.1% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Virtus Investmen (VRTS) reported $825.3M in revenue over the twelve months to Jun 30, 2026, down 7.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI VRTS FY2025 2026-08-29

Cash conversion deterioration is becoming the dominant mechanic as profitability persists alongside greater reliance on balance-sheet financing.

From FY2021 to FY2025, net income stayed positive while operating cash flow moved from strongly positive to negative, meaning accounting profitability and cash generation no longer agree. In FY2025, financing cash flow was $191M while dividends and buybacks totaled approximately $125M; distributions therefore coincided with financing inflows rather than current operating cash generation.

Revenue fell in FY2025 while operating margin remained near 20.0%; concurrent SG&A reductions suggest expense flexing cushioned weaker activity rather than proving pricing-led expansion. The margin recovery from FY2023 levels therefore looks more like cost adjustment than a steadily widening earnings engine.

With capex of $6.9M against operating cash flow of -$67.2M, the negative free-cash-flow result was operational rather than investment-led; cash was not being consumed mainly to build fixed assets. Meanwhile, debt-to-equity rose from 0.3x in FY2023 to 0.4x in FY2025, adding balance-sheet financing as internal cash weakened.

Financial Health Signals

Financial Health Score 40/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Virtus Investmen's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Virtus Investmen has an operating margin of 19.8%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 82/100, reflecting efficient cost management and pricing power. This is down from 20.1% the prior year.

Growth

Virtus Investmen's revenue declined 6.0% year-over-year, from $906.9M to $852.9M. This contraction results in a growth score of 33/100.

Leverage

Virtus Investmen carries a low D/E ratio of 0.42, meaning only $0.42 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Not available for Virtus Investmen, and counted as zero in the overall score.

Cash Flow

Virtus Investmen's operations used $67.2M of cash, and capex of $6.9M added to the outflow, for a free cash flow shortfall of $74.1M. This results in a cash flow score of 32/100.

Returns

Not available for Virtus Investmen, and counted as zero in the overall score.

Piotroski F-Score Partial

2/7

Virtus Investmen passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

$0.49used

For every $1 of reported earnings, Virtus Investmen used $0.49 of operating cash (-$67.2M OCF vs $136.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

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Earnings & Revenue

Revenue

$852.9M

YoY-6.0%

5Y CAGR+7.1%

10Y CAGR+8.4%

Virtus Investmen generated $852.9M in revenue in fiscal year 2025. This represents a decrease of 6.0% from the prior year.

EBITDA

$232.3M

YoY-7.6%

5Y CAGR+5.0%

10Y CAGR+10.3%

Virtus Investmen's EBITDA was $232.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.6% from the prior year.

Net Income

$136.0M

YoY-10.8%

5Y CAGR+11.2%

10Y CAGR+14.5%

Virtus Investmen reported $136.0M in net income in fiscal year 2025. This represents a decrease of 10.8% from the prior year.

EPS (Diluted)

$19.97

YoY+18.2%

5Y CAGR+14.8%

10Y CAGR+17.7%

Virtus Investmen earned $19.97 per diluted share (EPS) in fiscal year 2025. This represents an increase of 18.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$74.1M

YoY-1837.5%

Virtus Investmen recorded an outflow of $74.1M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 1837.5% from the prior year.

Cash & Debt

$478.2M

YoY+19.5%

5Y CAGR+7.1%

10Y CAGR+17.2%

Virtus Investmen held $478.2M in cash against $390.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

$9.30

YoY+12.0%

5Y CAGR+25.6%

10Y CAGR+17.8%

Virtus Investmen paid $9.30 per share in dividends in fiscal year 2025. This represents an increase of 12.0% from the prior year.

Shares Outstanding

YoY-3.9%

5Y CAGR-2.5%

10Y CAGR-2.3%

Virtus Investmen had 7M shares outstanding in fiscal year 2025. This represents a decrease of 3.9% from the prior year.

Margins & Returns

Operating Margin

19.8%

YoY-0.3pp

5Y CAGR-3.9pp

10Y CAGR-1.3pp

Virtus Investmen's operating margin was 19.8% in fiscal year 2025, reflecting core business profitability. This is down 0.3 percentage points from the prior year.

Net Margin

16.0%

YoY-0.9pp

5Y CAGR+2.7pp

10Y CAGR+6.8pp

Virtus Investmen's net profit margin was 16.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.

Return on Equity

14.6%

YoY-2.4pp

5Y CAGR+3.3pp

10Y CAGR+7.7pp

Virtus Investmen's ROE was 14.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.4 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks

$60.0M

YoY+33.7%

5Y CAGR+13.0%

10Y CAGR-2.8%

Virtus Investmen spent $60.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 33.7% from the prior year.

Capital Expenditures

$6.9M

YoY+23.5%

5Y CAGR+45.9%

10Y CAGR+3.9%

Virtus Investmen invested $6.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 23.5% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

VRTS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

VRTS quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$825.3M	$852.9M-6.0%	$906.9M+7.3%	$845.3M-4.6%	$886.4M-9.5%	$979.2M+62.2%	$603.9M+7.2%	$563.2M+2.0%	$552.2M+29.8%	$425.6M+31.9%	$322.6M-15.6%	$382.0M-15.2%	$450.6M+15.8%	$389.2M+39.0%	$280.1M+36.9%	$204.7M
SG&A Expenses	$401.3M	$400.7M-7.4%	$432.6M+6.9%	$404.7M+9.0%	$371.3M+3.6%	$358.2M+34.0%	$267.3M+11.1%	$240.5M+0.8%	$238.5M+24.6%	$191.4M+41.1%	$135.6M-1.1%	$137.1M-1.9%	$139.8M+6.1%	$131.8M+2196033.3%	$6K-95.2%	$124K
Operating Income	$129.6M	$168.7M-7.6%	$182.5M+20.5%	$151.5M-23.3%	$197.5M-39.3%	$325.5M+127.4%	$143.2M+14.8%	$124.7M+10.3%	$113.1M+94.9%	$58.0M+14.2%	$50.8M-36.8%	$80.4M-38.5%	$130.7M+15.2%	$113.5M+87.8%	$60.4M+334.8%	$13.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$523K-2.6%	$537K-31.3%	$782K-8.4%	$854K+9.2%	$782K
Income Tax	$42.1M	$51.3M-7.5%	$55.4M+22.9%	$45.1M-21.3%	$57.3M-37.0%	$90.8M+106.7%	$43.9M+24.9%	$35.2M+6.7%	$33.0M-18.6%	$40.5M+92.4%	$21.0M-43.1%	$37.0M-6.0%	$39.3M-12.1%	$44.8M+65.7%	$27.0M+120.4%	-$132.4M
Net Income	$116.0M	$136.0M-10.8%	$152.5M+7.8%	$141.5M+32.7%	$106.6M-59.4%	$262.8M+228.7%	$80.0M-16.4%	$95.6M+26.6%	$75.5M+104.1%	$37.0M-23.7%	$48.5M+38.2%	$35.1M-63.8%	$97.0M+25.7%	$77.1M+104.2%	$37.8M-74.0%	$145.4M
EPS (Diluted)	$17.54	$19.97+18.2%	$16.89-4.6%	$17.71+14.3%	$15.50-40.4%	$26.01+159.6%	$10.02-14.7%	$11.74+32.5%	$8.86+123.7%	$3.96-36.1%	$6.20+58.2%	$3.92-62.7%	$10.51+17.8%	$8.92+91.4%	$4.66-71.5%	$16.34

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$201.4M+0.9%	$199.5M-4.1%	$208.0M-3.9%	$216.4M+2.8%	$210.5M-3.4%	$217.9M-6.7%	$233.5M+2.8%	$227.0M
SG&A Expenses	$102.5M-2.6%	$105.2M+11.0%	$94.8M-4.1%	$98.8M+0.8%	$98.0M-10.1%	$109.1M+2.7%	$106.2M+0.6%	$105.6M
Operating Income	$27.3M+76.9%	$15.4M-61.2%	$39.8M-15.4%	$47.1M+4.1%	$45.2M+23.5%	$36.6M-27.9%	$50.7M-8.2%	$55.3M
Income Tax	$8.4M+17.5%	$7.2M-46.6%	$13.4M+2.2%	$13.1M+5.7%	$12.4M+0.4%	$12.3M-35.2%	$19.0M+20.6%	$15.8M
Net Income	$44.6M+625.2%	$6.2M-81.8%	$33.9M+8.1%	$31.3M-26.7%	$42.7M+52.4%	$28.1M-29.0%	$39.5M-19.5%	$49.1M
EPS (Diluted)	$6.68+536.2%	$1.05-79.7%	$5.16+11.0%	$4.65-24.0%	$6.12+51.1%	$4.05-13.1%	$4.66-18.4%	$5.71

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense.

VRTS Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

VRTS quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$4.3B+7.4%	$4.0B+8.6%	$3.7B-6.9%	$4.0B+0.5%	$3.9B+13.5%	$3.5B+8.2%	$3.2B+11.6%	$2.9B+10.8%	$2.6B+214.3%	$824.4M-4.1%	$859.7M+23.0%	$698.8M+8.3%	$645.0M+93.8%	$332.7M+16.2%	$286.4M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$164.8M+78.0%	$92.6M
Cash & Equivalents	$478.2M+19.5%	$400.3M+17.4%	$341.0M-42.1%	$589.2M+0.5%	$586.1M+72.5%	$339.8M+53.2%	$221.8M+10.0%	$201.7M+52.6%	$132.2M+57.9%	$83.7M-14.1%	$97.4M-52.1%	$203.3M-25.1%	$271.5M+328.0%	$63.4M+40.2%	$45.3M
Accounts Receivable	$102.7M-12.3%	$117.2M+7.5%	$109.1M+9.9%	$99.3M-19.9%	$123.9M+46.6%	$84.5M+14.0%	$74.1M+5.8%	$70.0M+6.7%	$65.6M+83.0%	$35.9M-7.4%	$38.8M-22.1%	$49.7M-0.9%	$50.2M+34.4%	$37.3M+37.8%	$27.1M
Goodwill	$397.1M0.0%	$397.1M0.0%	$397.1M+13.8%	$348.8M+3.1%	$338.4M+16.5%	$290.4M0.0%	$290.4M0.0%	$290.4M+70.6%	$170.2M+2406.7%	$6.8M+1.3%	$6.7M+27.4%	$5.3M0.0%	$5.3M0.0%	$5.3M+9.7%	$4.8M
Total Liabilities	$3.3B+9.0%	$3.0B+10.4%	$2.7B-10.3%	$3.0B+1.9%	$3.0B+12.5%	$2.6B+7.2%	$2.5B+13.2%	$2.2B+9.5%	$2.0B+325.7%	$465.4M+68.4%	$276.4M+146.0%	$112.3M+2.2%	$109.9M+29.1%	$85.1M+25.2%	$68.0M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$62.4M+33.8%	$46.7M
Long-Term Debt	$390.0M+68.0%	$232.1M-8.4%	$253.4M-0.6%	$255.0M-4.3%	$266.3M+32.4%	$201.2M-27.6%	$277.8M-15.6%	$329.2M+32.6%	$248.3M+727.7%	$30.0M	N/A	N/A	N/A	$7.7M+21.3%	$6.3M
Total Equity	$934.0M+4.1%	$897.5M+3.9%	$863.9M+5.7%	$817.0M-1.4%	$828.3M+16.5%	$711.1M+5.2%	$675.7M+7.3%	$629.9M+7.0%	$588.6M+83.0%	$321.7M-36.9%	$509.6M-9.6%	$563.5M+14.3%	$492.9M+101.6%	$244.5M+33.5%	$183.2M
Retained Earnings	$340.9M+27.1%	$268.2M+29.4%	$207.4M+59.2%	$130.3M+113.7%	$61.0M+145.1%	-$135.3M+37.2%	-$215.2M+30.8%	-$310.9M+19.5%	-$386.2M+9.0%	-$424.3M+10.2%	-$472.6M+6.9%	-$507.5M+16.1%	-$605.2M+11.1%	-$680.4M+5.2%	-$718.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$4.5B-0.6%	$4.6B+6.3%	$4.3B+9.9%	$3.9B+5.7%	$3.7B+0.2%	$3.7B-7.7%	$4.0B+10.9%	$3.6B
Cash & Equivalents	$286.9M+4.6%	$274.4M-42.6%	$478.2M+3.4%	$462.2M+90.0%	$243.3M+10.8%	$219.6M-45.1%	$400.3M+28.3%	$311.9M
Accounts Receivable	$101.5M-2.8%	$104.4M+1.6%	$102.7M-3.5%	$106.5M-2.0%	$108.6M-3.8%	$112.9M-3.7%	$117.2M+4.5%	$112.2M
Goodwill	$640.8M0.0%	$640.8M+61.4%	$397.1M0.0%	$397.1M0.0%	$397.1M0.0%	$397.1M0.0%	$397.1M0.0%	$397.1M
Total Liabilities	$3.4B-1.9%	$3.5B+6.1%	$3.3B+12.8%	$2.9B+7.8%	$2.7B+0.1%	$2.7B-10.5%	$3.0B+14.4%	$2.6B
Long-Term Debt	$418.6M-4.7%	$439.3M+12.7%	$390.0M-0.2%	$390.6M+68.9%	$231.3M-0.2%	$231.7M-0.2%	$232.1M-2.2%	$237.5M
Total Equity	$945.3M+3.0%	$917.4M-1.8%	$934.0M+1.7%	$918.7M+2.5%	$896.4M+0.3%	$893.7M-0.4%	$897.5M+1.0%	$889.0M
Retained Earnings	$360.0M+8.6%	$331.6M-2.7%	$340.9M+5.8%	$322.3M+4.9%	$307.4M+9.4%	$281.0M+4.8%	$268.2M+6.7%	$251.3M

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.

VRTS Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

VRTS quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	-$45.8M	-$67.2M-3929.0%	$1.8M-99.3%	$237.2M+78.8%	$132.7M-80.1%	$665.7M+394.4%	-$226.1M-515.7%	-$36.7M+41.3%	-$62.6M+65.8%	-$182.9M-974.2%	$20.9M+110.0%	-$209.4M-255.7%	-$58.9M-304.2%	$28.8M-27.6%	$39.8M+68.4%	$23.6M
Capital Expenditures	$6.1M	$6.9M+23.5%	$5.6M-36.8%	$8.8M+34.0%	$6.6M+12.7%	$5.8M+459.7%	$1.0M-86.2%	$7.6M-35.5%	$11.7M+675.4%	$1.5M-25.3%	$2.0M-56.8%	$4.7M+92.6%	$2.4M+21.1%	$2.0M-46.9%	$3.8M+409.0%	$743K
Free Cash Flow	-$51.9M	-$74.1M-1837.5%	-$3.8M-101.7%	$228.3M+81.1%	$126.1M-80.9%	$659.9M+390.5%	-$227.1M-413.0%	-$44.3M+40.4%	-$74.3M+59.7%	-$184.4M-1075.8%	$18.9M+108.8%	-$214.1M-249.3%	-$61.3M-328.5%	$26.8M-25.6%	$36.0M+57.3%	$22.9M
Investing Cash Flow	-$243.1M	-$47.3M-179.3%	-$17.0M+86.9%	-$129.7M-372.3%	-$27.5M+84.3%	-$175.0M-2116.3%	$8.7M+95.2%	$4.4M+103.7%	-$121.2M+70.9%	-$417.0M-13643.2%	$3.1M+147.8%	-$6.4M+21.3%	-$8.2M-31.3%	-$6.2M-20.6%	-$5.2M-27.0%	-$4.1M
Financing Cash Flow	$333.1M	$191.0M+154.9%	$74.9M+121.0%	-$356.1M-248.9%	-$102.1M+58.2%	-$244.4M-203.9%	$235.3M+136.4%	$99.6M-51.2%	$204.2M-72.8%	$750.5M+1661.4%	-$48.1M-143.7%	$109.9M+9347.1%	-$1.2M-100.6%	$185.5M+1226.1%	-$16.5M+9.8%	-$18.3M
Dividends Paid	$65.8M	$64.6M+11.1%	$58.1M+11.7%	$52.0M+10.1%	$47.3M+50.4%	$31.4M+37.8%	$22.8M+34.3%	$17.0M+20.9%	$14.0M+11.6%	$12.6M-8.7%	$13.8M-14.2%	$16.0M+96.1%	$8.2M	$0	N/A	N/A
Share Buybacks	$30.5M	$60.0M+33.7%	$44.9M-0.3%	$45.0M-50.0%	$90.0M+56.5%	$57.5M+76.9%	$32.5M-18.8%	$40.0M+45.4%	$27.5M+266.6%	$7.5M-96.8%	$233.8M+192.2%	$80.0M+98.7%	$40.3M+104.3%	$19.7M+120.4%	$8.9M+13.6%	$7.9M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$57.4M+60.0%	$35.9M+114.5%	-$247.4M-328.5%	$108.3M+42.9%	$75.8M+2100.4%	-$3.8M+96.3%	-$102.8M-248.7%	$69.1M
Capital Expenditures	$1.3M-43.4%	$2.4M+150.0%	$944K-33.1%	$1.4M-8.9%	$1.6M-48.1%	$3.0M+55.3%	$1.9M+372.0%	$407K
Free Cash Flow	$56.1M+67.2%	$33.5M+113.5%	-$248.4M-332.4%	$106.9M+44.0%	$74.2M+1196.0%	-$6.8M+93.5%	-$104.7M-252.4%	$68.7M
Investing Cash Flow	-$1.3M+99.3%	-$198.5M-373.5%	-$41.9M-2868.5%	-$1.4M-37.4%	-$1.0M+65.5%	-$3.0M+75.4%	-$12.1M-1094.4%	-$1.0M
Financing Cash Flow	-$43.5M-6.4%	-$40.9M-113.4%	$305.3M+171.9%	$112.3M+315.7%	-$52.1M+70.2%	-$174.5M-185.3%	$204.5M+289.9%	-$107.7M
Dividends Paid	$16.3M-9.2%	$17.9M+10.0%	$16.3M+6.0%	$15.4M-2.9%	$15.8M-7.7%	$17.1M+8.1%	$15.9M+16.2%	$13.7M
Share Buybacks	$10.5M+4.7%	$10.0M0.0%	$10.0M	$0-100.0%	$30.0M+50.0%	$20.0M+60.0%	$12.5M-15.9%	$14.9M

VRTS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

VRTS quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Margin	19.8%-0.3pp	20.1%+2.2pp	17.9%-4.4pp	22.3%-11.0pp	33.2%+9.5pp	23.7%+1.6pp	22.1%+1.7pp	20.5%+6.8pp	13.6%-2.1pp	15.8%-5.3pp	21.0%-8.0pp	29.0%-0.2pp	29.2%+7.6pp	21.6%+14.8pp	6.8%
Net Margin	16.0%-0.9pp	16.8%+0.1pp	16.7%+4.7pp	12.0%-14.8pp	26.8%+13.6pp	13.2%-3.7pp	17.0%+3.3pp	13.7%+5.0pp	8.7%-6.3pp	15.0%+5.9pp	9.2%-12.3pp	21.5%+1.7pp	19.8%+6.3pp	13.5%-57.6pp	71.1%
Return on Equity	14.6%-2.4pp	17.0%+0.6pp	16.4%+3.3pp	13.1%-18.7pp	31.7%+20.5pp	11.2%-2.9pp	14.2%+2.2pp	12.0%+5.7pp	6.3%-8.8pp	15.1%+8.2pp	6.9%-10.3pp	17.2%+1.6pp	15.7%+0.2pp	15.4%-64.0pp	79.4%
Return on Assets	3.2%-0.6pp	3.8%0.0pp	3.9%+1.1pp	2.7%-4.0pp	6.7%+4.4pp	2.3%-0.7pp	3.0%+0.3pp	2.6%+1.2pp	1.4%-4.5pp	5.9%+1.8pp	4.1%-9.8pp	13.9%+1.9pp	12.0%+0.6pp	11.3%-39.4pp	50.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2.64+0.7x	1.98
Debt-to-Equity	0.42+0.2x	0.260.0x	0.290.0x	0.310.0x	0.320.0x	0.28-0.1x	0.41-0.1x	0.52+0.1x	0.42+0.3x	0.09-0.4x	0.54+0.3x	0.200.0x	0.22+0.2x	0.030.0x	0.03
FCF Margin	-8.7%-8.3pp	-0.4%-27.4pp	27.0%+12.8pp	14.2%-53.2pp	67.4%+105.0pp	-37.6%-29.8pp	-7.9%+5.6pp	-13.5%+29.9pp	-43.3%-49.2pp	5.9%+61.9pp	-56.0%-42.4pp	-13.6%-20.5pp	6.9%-6.0pp	12.9%+1.7pp	11.2%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Margin	13.6%+5.8pp	7.7%-11.4pp	19.1%-2.6pp	21.8%+0.3pp	21.5%+4.7pp	16.8%-4.9pp	21.7%-2.6pp	24.3%
Net Margin	22.1%+19.1pp	3.1%-13.2pp	16.3%+1.8pp	14.5%-5.8pp	20.3%+7.4pp	12.9%-4.0pp	16.9%-4.7pp	21.6%
Return on Equity	4.7%+4.0pp	0.7%-3.0pp	3.6%+0.2pp	3.4%-1.4pp	4.8%+1.6pp	3.1%-1.3pp	4.4%-1.1pp	5.5%
Return on Assets	1.0%+0.9pp	0.1%-0.7pp	0.8%0.0pp	0.8%-0.4pp	1.2%+0.4pp	0.8%-0.2pp	1.0%-0.4pp	1.4%
Debt-to-Equity	0.440.0x	0.48+0.1x	0.420.0x	0.43+0.2x	0.260.0x	0.260.0x	0.260.0x	0.27
FCF Margin	27.9%+11.0pp	16.8%	-119.4%	49.4%+14.1pp	35.3%+38.4pp	-3.1%+41.7pp	-44.9%-75.1pp	30.3%

Not reported in any period shown, so not listed: Gross Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

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Where Virtus Investmen Ranks

Frequently Asked Questions

What is Virtus Investmen's annual revenue?

Virtus Investmen (VRTS) reported $852.9M in total revenue for fiscal year 2025. This represents a -6.0% 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 declined by 6.0% year-over-year, from $906.9M to $852.9M in fiscal year 2025.

Is Virtus Investmen profitable?

Yes, Virtus Investmen (VRTS) reported a net income of $136.0M in fiscal year 2025, with a net profit margin of 16.0%.

What is Virtus Investmen's EBITDA?

Virtus Investmen (VRTS) had EBITDA of $232.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Virtus Investmen have?

As of fiscal year 2025, Virtus Investmen (VRTS) had $478.2M in cash and equivalents against $390.0M in long-term debt.

What is Virtus Investmen's operating margin?

Virtus Investmen (VRTS) had an operating margin of 19.8% in fiscal year 2025, 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 16.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Virtus Investmen pay dividends?

Yes, Virtus Investmen (VRTS) paid $9.30 per share in dividends during fiscal year 2025.

What is Virtus Investmen's return on equity (ROE)?

Virtus Investmen (VRTS) has a return on equity of 14.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Virtus Investmen's free cash flow?

Virtus Investmen (VRTS) recorded an outflow of $74.1M in free cash flow during fiscal year 2025. This represents a -1837.5% 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) recorded an outflow of $67.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Virtus Investmen's total assets?

Virtus Investmen (VRTS) had $4.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Virtus Investmen's capital expenditures?

Virtus Investmen (VRTS) invested $6.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Virtus Investmen buy back shares?

Yes, Virtus Investmen (VRTS) spent $60.0M on share buybacks during fiscal year 2025, 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 2025.

What is Virtus Investmen's debt-to-equity ratio?

Virtus Investmen (VRTS) had a debt-to-equity ratio of 0.42 as of fiscal year 2025, 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 3.2% for fiscal year 2025, 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 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Virtus Investmen's earnings high quality?

For every $1 of reported earnings, Virtus Investmen (VRTS) used $0.49 of operating cash (-$67.2M OCF vs $136.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 40 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.