Virtu Financial, Inc. (VIRT) Financial Ratios
14 years of historical data (2012–2025) · Financial Services · Financial - Capital Markets
EV/EBITDA
↑
9.93
↑+65% vs avg
5yr avg: 6.01
30Y Low3.2·High12.4
P/FCF
↓
4.15
+11% vs avg
5yr avg: 3.73
30Y Low2.2·High16.4
P/B Ratio
↓
2.73
↑+70% vs avg
5yr avg: 1.61
30Y Low1.0·High2.1
ROE
↑
27.1%
↓+41% vs avg
5yr avg: 19.2%
30Y Low-4%·High91%
Debt/EBITDA
↑
6.70
↑+43% vs avg
5yr avg: 4.67
30Y Low2.0·High9.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
VIRT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Virtu Financial, Inc. trades at 12.3x earnings, 27% above its 5-year average of 9.7x, sitting at the 60th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 9%. On a free-cash-flow basis, the stock trades at 4.1x P/FCF, 11% above the 5-year average of 3.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.4B | $2.8B | $3.1B | $1.9B | $2.1B | $3.4B | $3.1B | $1.8B | $2.6B | $1.1B | $615M |
| Enterprise Value | $13.3B | $10.8B | $8.0B | $8.0B | $4.9B | $5.9B | $5.6B | $5.4B | $4.2B | $3.2B | $1.2B |
| P/E Ratio → | 12.29 | 6.50 | 12.01 | 14.27 | 8.36 | 7.37 | 4.88 | — | 9.27 | 70.38 | 18.13 |
| P/S Ratio | 1.48 | 0.78 | 1.09 | 0.83 | 0.90 | 1.21 | 0.95 | 1.20 | 1.40 | 1.11 | 0.88 |
| P/B Ratio | 2.73 | 1.44 | 2.11 | 1.36 | 1.29 | 1.83 | 1.66 | 1.48 | 1.76 | 0.99 | 1.15 |
| P/FCF | 4.15 | 2.19 | 5.75 | 4.59 | 3.14 | 2.98 | 3.08 | 16.42 | 3.82 | 4.22 | 2.70 |
| P/OCF | 3.95 | 2.09 | 5.23 | 3.88 | 3.02 | 2.91 | 2.90 | 10.79 | 3.68 | 3.94 | 2.57 |
P/E links to full P/E history page with 30-year chart
VIRT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Virtu Financial, Inc.'s enterprise value stands at 9.9x EBITDA, 65% above its 5-year average of 6.0x. The Financial Services sector median is 11.4x, placing the stock at a 13% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.96 | 2.77 | 3.49 | 2.06 | 2.11 | 1.73 | 3.55 | 2.25 | 3.09 | 1.77 |
| EV / EBITDA | 9.93 | 8.03 | 5.56 | 7.55 | 4.65 | 4.28 | 3.23 | 12.42 | 4.06 | 8.53 | 4.13 |
| EV / EBIT | 10.83 | 8.72 | 6.27 | 8.66 | 5.54 | 4.89 | 3.52 | 32.86 | 4.65 | 11.79 | 4.71 |
| EV / FCF | — | 8.29 | 14.64 | 19.28 | 7.18 | 5.18 | 5.62 | 48.55 | 6.15 | 11.68 | 5.47 |
VIRT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Virtu Financial, Inc. earns an operating margin of 33.8%, above the Financial Services sector average of 20.3%. Operating margins have compressed from 40.7% to 33.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 27.1% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 10.1% represents solid returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.0% | 48.0% | 61.4% | 60.7% | 57.3% | 60.1% | 64.4% | 49.2% | 68.5% | 57.7% | 56.4% |
| Operating Margin | 33.8% | 33.8% | 45.8% | 40.7% | 38.8% | 44.5% | — | 19.6% | 50.9% | 30.1% | 38.7% |
| Net Profit Margin | 12.9% | 12.9% | 9.6% | 6.2% | 11.2% | 17.0% | 20.0% | -3.9% | 15.4% | 0.3% | 4.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.1% | 27.1% | 19.1% | 9.3% | 15.1% | 25.6% | 42.1% | -4.3% | 21.9% | 0.3% | 6.0% |
| ROA | 2.6% | 2.6% | 1.9% | 1.1% | 2.5% | 4.7% | 6.6% | -0.7% | 3.9% | 0.1% | 0.9% |
| ROIC | 10.1% | 10.1% | 12.7% | 10.2% | 12.7% | 17.5% | — | 4.8% | 19.0% | 9.2% | 13.7% |
| ROCE | 7.7% | 7.7% | 10.1% | 8.4% | 9.9% | 14.7% | — | 4.2% | 15.5% | 7.1% | 10.4% |
VIRT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Virtu Financial, Inc. carries a Debt/EBITDA ratio of 6.7x, which is highly leveraged (57% above the sector average of 4.3x). Net debt stands at $7.9B ($9.0B total debt minus $1.1B cash). Interest coverage of 8.9x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.55 | 4.55 | 3.84 | 4.93 | 2.26 | 1.93 | 1.85 | 3.50 | 1.56 | 2.22 | 1.52 |
| Debt / EBITDA | 6.70 | 6.70 | 3.98 | 6.53 | 3.55 | 2.59 | 1.97 | 9.91 | 2.24 | 6.88 | 2.69 |
| Net Debt / Equity | — | 4.01 | 3.25 | 4.35 | 1.66 | 1.36 | 1.37 | 2.90 | 1.07 | 1.76 | 1.18 |
| Net Debt / EBITDA | 5.91 | 5.91 | 3.37 | 5.75 | 2.62 | 1.82 | 1.46 | 8.22 | 1.54 | 5.45 | 2.09 |
| Debt / FCF | — | 6.10 | 8.89 | 14.69 | 4.04 | 2.21 | 2.54 | 32.13 | 2.33 | 7.47 | 2.77 |
| Interest Coverage | 8.85 | 8.85 | 2.03 | 1.54 | 2.72 | 5.54 | 7.48 | 0.59 | 4.26 | 1.72 | 3.12 |
VIRT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.69x means Virtu Financial, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.91x to 1.69x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.69 | 1.69 | 1.23 | 0.91 | 2.21 | 1.63 | 1.59 | 1.32 | 1.69 | 1.25 | 0.62 |
| Quick Ratio | 1.69 | 1.69 | 1.23 | 0.91 | 2.21 | 1.63 | 1.59 | 1.32 | 1.69 | 1.25 | 0.62 |
| Cash Ratio | 0.56 | 0.56 | 0.50 | 0.44 | 0.97 | 0.76 | 0.49 | 0.44 | 0.67 | 0.43 | 0.18 |
| Asset Turnover | — | 0.18 | 0.19 | 0.16 | 0.22 | 0.27 | 0.33 | 0.16 | 0.25 | 0.14 | 0.19 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
VIRT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Virtu Financial, Inc. returns 5.1% to shareholders annually — split between a 1.6% dividend yield and 3.5% buyback yield. The payout ratio of 18.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.6% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 18.7% | 18.7% | 167.2% | 215.5% | 141.6% | 114.9% | 74.6% | — | 34.7% | 2171.3% | 114.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.1% | 15.4% | 8.3% | 7.0% | 12.0% | 13.6% | 20.5% | — | 10.8% | 1.4% | 5.5% |
| FCF Yield | 24.1% | 45.6% | 17.4% | 21.8% | 31.9% | 33.6% | 32.5% | 6.1% | 26.2% | 23.7% | 37.0% |
| Buyback Yield | 3.5% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 5.1% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $85M | $88M | $94M | $104M | $118M | $122M | $114M | $102M | $63M | $39M |
Peer Comparison
Compare VIRT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 VIRTYou | $5B | 12.3 | 9.9 | 4.1 | 48.0% | 33.8% | 27.1% | 10.1% | 6.7 |
 HOOD | $97B | 52.8 | 49.8 | 60.0 | 83.3% | 46.8% | 22.0% | 7.9% | 7.1 |
 IBKR | $43B | 43.2 | 4.3 | 2.7 | 89.8% | 86.0% | 5.3% | 24.7% | 0.0 |
 MKTX | $4B | 18.1 | 9.3 | 11.4 | 69.9% | 41.2% | 19.4% | 18.1% | 0.7 |
 LPLA | $24B | 26.9 | 10.2 | — | 25.6% | 13.4% | 20.9% | 16.1% | 2.5 |
 GS | $348B | 21.4 | 33.0 | — | 47.5% | 17.5% | 13.9% | 2.2% | 25.4 |
 MS | $356B | 21.9 | 27.0 | 7.7 | 57.1% | 19.1% | 15.5% | 3.1% | 17.9 |
 SCHW | $161B | 19.7 | 9.7 | 18.3 | 80.3% | 49.4% | 18.1% | 11.8% | 2.1 |
 AMTD | $7M | 0.2 | 6.9 | 1.3 | 45.2% | 48.2% | 3.4% | 1.2% | 8.6 |
 NDAQ | $47B | 26.6 | 18.8 | 23.5 | 47.9% | 28.4% | 15.3% | 8.1% | 3.3 |
 ICE | $76B | 23.2 | 14.8 | 17.7 | 61.9% | 38.7% | 11.7% | 7.5% | 3.1 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 14 years · Updated daily
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VIRT — Frequently Asked Questions
Quick answers to the most common questions about buying VIRT stock.
What is Virtu Financial, Inc.'s P/E ratio?
Virtu Financial, Inc.'s current P/E ratio is 12.3x. The historical average is 19.0x. This places it at the 60th percentile of its historical range.
What is Virtu Financial, Inc.'s EV/EBITDA?
Virtu Financial, Inc.'s current EV/EBITDA is 9.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.1x.
What is Virtu Financial, Inc.'s ROE?
Virtu Financial, Inc.'s return on equity (ROE) is 27.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 24.0%.
Is VIRT stock overvalued?
Based on historical data, Virtu Financial, Inc. is trading at a P/E of 12.3x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Virtu Financial, Inc.'s dividend yield?
Virtu Financial, Inc.'s current dividend yield is 1.63% with a payout ratio of 18.7%.
What are Virtu Financial, Inc.'s profit margins?
Virtu Financial, Inc. has 48.0% gross margin and 33.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Virtu Financial, Inc. have?
Virtu Financial, Inc.'s Debt/EBITDA ratio is 6.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.