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VRTS logoVirtus Investment Partners, Inc.(VRTS)Earnings, Financials & Key Ratios

VRTS•NASDAQ•Banking & Credit
$143.19
$959M mkt cap·7.2× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryTraditional active asset managers
AboutVirtus Investment Partners, Inc. is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity, fixed income, and real estate markets. The firm also invests in exchange traded funds. It employs a multi manager approach for its products. The firm employs quantitative analysis to make its investments. It benchmarks the performance of its portfolios against the S&P 500 Index. The firm conducts in-house research to make its investments. Virtus Investment Partners, Inc. was founded in 1988 and is based in Hartford, Connecticut.Show more
  • Net Interest Income$37M+10.3%
  • Total Revenue$831M-8.0%
  • Net Income$138M+13.7%
  • Return on Equity13.52%+10.1%
  • Net Interest Margin0.87%+2.6%
  • Efficiency Ratio57.44%+80.2%
  • ROA3.34%+5.3%
  • Equity / Assets24.18%-4.3%
  • Book Value per Share149.77+7.0%
  • Tangible BV/Share45.21+39.6%
  • Debt/Equity2.74+11.7%
Technical→

VRTS Key Insights

Virtus Investment Partners, Inc. (VRTS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Well capitalized: 24.2% equity/assets
  • ✓Share count reduced 3.9% through buybacks
  • ✓Diversified revenue: 76.0% from non-interest income
  • ✓Trading at only 1.0x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.7x
  • ✗Weak NIM of 0.9%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

VRTS Price & Volume

Virtus Investment Partners, Inc. (VRTS) stock price & volume — 10-year historical chart

Loading chart...

VRTS Growth Metrics

Virtus Investment Partners, Inc. (VRTS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.13%
5 Years6.61%
3 Years-1.97%
TTM-

Profit CAGR

10 Years14.7%
5 Years11.6%
3 Years5.6%
TTM13.68%

EPS CAGR

10 Years17.68%
5 Years14.79%
3 Years8.81%
TTM18.17%

Return on Capital

10 Years5.27%
5 Years5.48%
3 Years4.28%
Last Year3.66%

VRTS Recent Earnings

Virtus Investment Partners, Inc. (VRTS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
May 1, 2026
EPS
$5.38
Est $5.67
-5.1%
Revenue
$200M
Est $179M
+11.2%
Q1 2026
Feb 6, 2026
EPS
$6.50
Est $6.58
-1.2%
Revenue
$208M
Est $194M
+7.1%
Q4 2025
Oct 24, 2025
EPS
$6.69
Est $6.71
-0.3%
Revenue
$215M
Est $195M
+10.3%
Q3 2025
Jul 25, 2025
EPS
$6.25
Est $6.21
+0.6%
Revenue
$211M
Est $201M
+4.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 1, 2026
$5.38vs $5.67-5.1%
$200Mvs $179M+11.2%
Q1 2026Feb 6, 2026
$6.50vs $6.58-1.2%
$208Mvs $194M+7.1%
Q4 2025Oct 24, 2025
$6.69vs $6.71-0.3%
$215Mvs $195M+10.3%
Q3 2025Jul 25, 2025
$6.25vs $6.21+0.6%
$211Mvs $201M+4.6%
Based on last 12 quarters of dataView full earnings history →

VRTS Peer Comparison

Virtus Investment Partners, Inc. (VRTS) competitors in Traditional active asset managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
VCTR logoVCTRVictory Capital Holdings, Inc.Direct Competitor5.17B81.2618.558.82%32.33%8.96%6.55%0.86
CNNE logoCNNECannae Holdings, Inc.Direct Competitor1.3B13.67-1.51-6.39%-121.15%-51.79%0.33
DHIL logoDHILDiamond Hill Investment Group, Inc.Direct Competitor473.29M174.999.774.48%30.89%27.03%36.26
GROW logoGROWU.S. Global Investors, Inc.Direct Competitor34.7M2.60-104-23.05%-3.95%0.22%0.00
HNNA logoHNNAHennessy Advisors, Inc.Direct Competitor78.65M9.977.8519.87%28.03%9.33%16.98%0.41
AMG logoAMGAffiliated Managers Group, Inc.Product Competitor8.1B303.6413.3519.83%29.3%16.01%12.4%0.61
BEN logoBENFranklin Resources, Inc.Product Competitor15.83B30.4633.473.45%5.98%5.64%5.76%0.94
IVZ logoIVZInvesco Ltd.Product Competitor11.92B26.83-16.775.11%-4.42%-1.74%12.09%0.78

Compare VRTS vs Peers

Virtus Investment Partners, Inc. (VRTS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VCTR

Most directly comparable listed peer for VRTS.

Scale Benchmark

vs BLK

Larger-name benchmark to compare VRTS against a more recognizable public peer.

Peer Set

Compare Top 5

vs VCTR, CNNE, DHIL, GROW

VRTS Income Statement

Virtus Investment Partners, Inc. (VRTS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income4.23M19.12M7.72M13.68M21.81M18.37M31.4M33.9M37.38M
NII Growth %-58.39%351.74%-59.62%77.21%59.35%-15.78%70.96%7.95%10.27%
Net Interest Margin %0.16%0.67%0.24%0.39%0.55%0.46%0.85%0.85%0.87%
Interest Income51.48M103.36M119.2M111.02M91.44M111.77M210.16M217.22M199.75M
Interest Expense47.25M84.23M111.48M97.33M69.64M93.41M178.77M183.32M162.38M
Loan Loss Provision144.14M154.27M129.04M169.97M288.59M277.85M225.98M249.26M46.21M
Non-Interest Income372.91M448M443.06M492.21M883.23M769.95M631.32M685.6M630.83M
Non-Interest Income %87.87%81.25%78.8%81.6%90.62%87.32%75.02%75.94%75.95%
Total Revenue
424.39M▲ 0%
551.35M▲ 29.9%
562.26M▲ 2.0%
603.23M▲ 7.3%
974.67M▲ 61.6%
881.72M▼ 9.5%
841.49M▼ 4.6%
902.82M▲ 7.3%
830.59M▼ 8.0%
Revenue Growth %31.91%29.92%1.98%7.29%61.58%-9.54%-4.56%7.29%-8%
Non-Interest Expense174.96M199.75M197.03M191.61M290.95M313M285.26M287.74M477.12M
Efficiency Ratio41.23%36.23%35.04%31.76%29.85%35.5%33.9%31.87%57.44%
Operating Income
58.03M▲ 0%
113.1M▲ 94.9%
124.71M▲ 10.3%
144.32M▲ 15.7%
325.49M▲ 125.5%
197.46M▼ 39.3%
151.48M▼ 23.3%
182.49M▲ 20.5%
144.88M▼ 20.6%
Operating Margin %13.67%20.51%22.18%23.92%33.39%22.39%18%20.21%17.44%
Operating Income Growth %14.21%94.88%10.27%15.72%125.53%-39.33%-23.28%20.47%-20.61%
Pretax Income
80.43M▲ 0%
109.04M▲ 35.6%
140.69M▲ 29.0%
163.9M▲ 16.5%
353.67M▲ 115.8%
163.89M▼ 53.7%
186.56M▲ 13.8%
207.88M▲ 11.4%
187.25M▼ 9.9%
Pretax Margin %18.95%19.78%25.02%27.17%36.29%18.59%22.17%23.03%22.54%
Income Tax40.49M32.96M35.18M43.94M90.83M57.26M45.09M55.42M51.26M
Effective Tax Rate %50.34%30.23%25%26.81%25.68%34.94%24.17%26.66%27.38%
Net Income
37.01M▲ 0%
75.53M▲ 104.1%
95.65M▲ 26.6%
79.96M▼ 16.4%
208.13M▲ 160.3%
117.54M▼ 43.5%
130.62M▲ 11.1%
121.75M▼ 6.8%
138.4M▲ 13.7%
Net Margin %8.72%13.7%17.01%13.25%21.35%13.33%15.52%13.49%16.66%
Net Income Growth %-23.69%104.07%26.64%-16.41%160.3%-43.53%11.13%-6.79%13.68%
Net Income (Continuing)39.94M76.08M105.51M119.96M262.83M106.63M141.48M152.45M135.99M
EPS (Diluted)
3.96▲ 0%
8.86▲ 123.7%
11.74▲ 32.5%
10.02▼ 14.7%
26.01▲ 159.6%
15.50▼ 40.4%
17.71▲ 14.3%
16.89▼ 4.6%
19.97▲ 18.2%
EPS Growth %-36.13%123.74%32.51%-14.65%159.58%-40.41%14.26%-4.63%18.24%
EPS (Basic)4.098.8613.7410.4927.1315.9018.0217.1920.27
Diluted Shares Outstanding7.25M8.53M8.15M7.98M8M7.58M7.38M7.21M6.93M

VRTS Balance Sheet

Virtus Investment Partners, Inc. (VRTS) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments233.47M253.72M321.47M333.49M585.54M588.53M340.33M399.58M477.17M
Cash & Due from Banks233.47M253.72M321.47M333.49M585.54M588.53M340.33M399.58M477.17M
Short Term Investments000000000
Total Investments1.71B1.83B2.11B2.4B2.24B2.28B2.2B2.37B2.77B
Investments Growth %193.33%7.2%15.54%13.48%-6.77%1.99%-3.4%7.81%16.67%
Long-Term Investments1.71B1.83B2.11B2.4B2.24B2.28B2.2B2.37B2.77B
Accounts Receivables65.65M70.05M74.13M84.5M123.87M99.27M109.08M117.21M102.73M
Goodwill & Intangibles472.11M629.18M600.76M570.63M838.98M791.36M829.22M775.33M724.51M
Goodwill170.15M290.37M290.37M290.37M338.41M348.84M397.1M397.1M397.1M
Intangible Assets301.95M338.81M310.39M280.26M500.57M442.52M432.12M378.23M327.41M
PP&E (Net)10.83M20.15M18.15M14.49M12.54M19.12M89.44M127.17M97.06M
Other Assets69.26M45.26M60.46M49.72M117.63M150.54M82.13M176.5M99.4M
Total Current Assets299.93M324.7M396.07M424.35M710.02M688.45M450.09M517.52M580.92M
Total Non-Current Assets2.29B2.55B2.81B3.04B3.22B3.26B3.23B3.48B3.71B
Total Assets
2.59B▲ 0%
2.87B▲ 10.8%
3.2B▲ 11.6%
3.47B▲ 8.2%
3.93B▲ 13.5%
3.95B▲ 0.5%
3.68B▼ 6.9%
3.99B▲ 8.6%
4.29B▲ 7.4%
Asset Growth %214.27%10.8%11.64%8.19%13.48%0.48%-6.94%8.59%7.43%
Return on Assets (ROA)2.17%2.77%3.15%2.4%5.62%2.98%3.42%3.17%3.34%
Accounts Payable29.61M27.93M23.31M25.36M48.5M33.2M56.05M49.49M54.52M
Total Debt1.71B1.95B2.11B2.39B2.3B2.34B2.25B2.47B2.84B
Net Debt1.47B1.7B1.79B2.06B1.71B1.75B1.91B2.07B2.37B
Long-Term Debt1.71B1.62B1.83B2.39B2.3B2.34B2.18B2.4B2.75B
Short-Term Debt0329.18M277.84M000000
Other Liabilities126.55M20.01M40.51M158.63M410.24M398.03M305.1M303.94M257.67M
Total Current Liabilities149.09M528.92M579.49M80.2M248.39M279.91M146.57M207.53M152.74M
Total Non-Current Liabilities1.83B1.64B1.88B2.55B2.71B2.74B2.56B2.78B3.1B
Total Liabilities1.98B2.17B2.45B2.63B2.96B3.02B2.71B2.99B3.25B
Total Equity
609.4M▲ 0%
701.35M▲ 15.1%
750.1M▲ 7.0%
836.45M▲ 11.5%
975.59M▲ 16.6%
936.65M▼ 4.0%
973.16M▲ 3.9%
1.01B▲ 3.7%
1.04B▲ 2.9%
Equity Growth %69.78%15.09%6.95%11.51%16.63%-3.99%3.9%3.67%2.86%
Equity / Assets (Capital Ratio)23.52%24.43%23.41%24.13%24.8%23.7%26.45%25.26%24.18%
Return on Equity (ROE)7.64%11.52%13.18%10.08%22.97%12.29%13.68%12.28%13.52%
Book Value per Share84.0982.2592.05104.87121.90123.54131.95139.93149.77
Tangible BV per Share18.958.4618.3333.3317.0719.1619.5232.4045.21
Common Stock105K106K107K118K119K120K122K122K123K
Additional Paid-in Capital1.22B1.21B1.2B1.3B1.28B1.29B1.3B1.32B1.34B
Retained Earnings-386.22M-310.87M-215.22M-135.26M60.96M130.26M207.36M268.22M340.9M
Accumulated OCI-600K-731K9K29K20K-358K-87K-364K462K
Treasury Stock-351.75M-379.25M-419.25M-451.75M-509.25M-599.25M-644.46M-689.59M-749.59M
Preferred Stock110.84M110.84M110.84M023K0000

VRTS Cash Flow Statement

Virtus Investment Partners, Inc. (VRTS) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-182.69M-62.55M-36.72M-226.1M665.73M132.67M237.16M1.75M-67.2M
Operating CF Growth %-698.56%65.76%41.29%-515.7%394.44%-80.07%78.76%-99.26%-3929%
Net Income39.94M76.08M105.51M61.81M262.83M106.63M141.48M152.45M135.99M
Depreciation & Amortization18.33M33.43M39.64M38.85M50.77M64.22M68.44M69M63.62M
Deferred Taxes22.84M10.43M5.98M0-9.66M-1.96M1.39M7.12M8.4M
Other Non-Cash Items-294.8M-205.67M-205.71M-338.55M293.85M-57.24M-13.33M-243.26M-300.24M
Working Capital Changes10.67M80K-4.37M-9.7M41.72M-3.02M12.35M-16.41M1.07M
Cash from Investing-416.99M-121.23M4.45M8.68M-175.03M-27.47M-129.73M-16.95M-47.34M
Purchase of Investments-21.43M-20.19M-1.02B0-1.17B-948.34M00-1.49B
Sale/Maturity of Investments615.57M37.78M2.02M01.45B820.5M001.13B
Net Investment Activity594.13M17.6M-1.01B0285.98M-127.84M00-357.15M
Acquisitions-393.45M-127M1.02B0-155.64M-20.58M-120.64M00
Other Investing-616.17M-113K9.98M9.72M-299.53M127.53M-267K-11.37M309.81M
Cash from Financing750.46M204.16M99.56M235.33M-244.4M-102.06M-356.11M74.95M191.03M
Dividends Paid-18.83M-22.38M-25.32M-24.88M-31.41M-47.25M-52.05M-58.12M-64.6M
Share Repurchases-7.5M-27.5M-40M-32.5M-57.5M-90M-45M-44.87M-60M
Stock Issued109.49M00000000
Net Stock Activity101.98M-27.5M-40M-32.5M-57.5M-90M-45M-44.87M-60M
Debt Issuance (Net)1000K1000K1000K1000K-1000K1000K-1000K1000K1000K
Other Financing-40.58M-15.09M816K-13.71M-29.75M-66.48M-55.66M-32.11M-45.49M
Net Change in Cash
150.78M▲ 0%
20.37M▼ 86.5%
67.28M▲ 230.2%
17.91M▼ 73.4%
246.3M▲ 1275.2%
3.03M▼ 98.8%
-248.16M▼ 8279.5%
59.3M▲ 123.9%
77.88M▲ 31.3%
Exchange Rate Effect00000-112K523K-456K1.39M
Cash at Beginning82.69M234.28M254.66M321.94M339.85M586.14M589.18M341.01M400.31M
Cash at End233.47M254.66M321.94M339.85M586.14M589.18M341.01M400.31M478.19M
Interest Paid8.15M11.85M18.07M8.86M6.48M11.13M22.31M20.26M19.07M
Income Taxes Paid12.15M23.8M29.06M35.39M95.41M74.31M31.16M56.38M46.04M
Free Cash Flow
-184.2M▲ 0%
-74.27M▲ 59.7%
-44.28M▲ 40.4%
-227.15M▼ 413.0%
659.89M▲ 390.5%
126.09M▼ 80.9%
228.34M▲ 81.1%
-3.82M▼ 101.7%
-74.09M▼ 1837.5%
FCF Growth %-746.35%59.68%40.38%-413%390.51%-80.89%81.09%-101.67%-1837.47%

VRTS Banking Ratios

Virtus Investment Partners, Inc. (VRTS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)10.29%7.64%11.52%13.18%10.08%22.97%12.29%13.68%12.28%13.52%
Return on Assets (ROA)5.76%2.17%2.77%3.15%2.4%5.62%2.98%3.42%3.17%3.34%
Net Interest Margin1.23%0.16%0.67%0.24%0.39%0.55%0.46%0.85%0.85%0.87%
Efficiency Ratio42.05%41.23%36.23%35.04%31.76%29.85%35.5%33.9%31.87%57.44%
Equity / Assets43.54%23.52%24.43%23.41%24.13%24.8%23.7%26.45%25.26%24.18%
Book Value / Share45.8984.0982.2592.05104.87121.9123.54131.95139.93149.77
NII Growth-26.88%-58.39%351.74%-59.62%77.21%59.35%-15.78%70.96%7.95%10.27%
Dividend Payout28.4%33.99%18.59%17.75%28.52%15.09%40.2%39.85%47.74%46.68%

VRTS SEC Filings & Documents

Virtus Investment Partners, Inc. (VRTS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 17, 2026·SEC

Material company update

Mar 2, 2026·SEC

Material company update

Feb 6, 2026·SEC

10-K Annual Reports

5
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 9, 2025·SEC

VRTS Frequently Asked Questions

Virtus Investment Partners, Inc. (VRTS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Virtus Investment Partners, Inc. (VRTS) saw revenue decline by 8.0% over the past year.

Yes, Virtus Investment Partners, Inc. (VRTS) is profitable, generating $138.4M in net income for fiscal year 2025 (16.7% net margin).

Dividend & Returns

Yes, Virtus Investment Partners, Inc. (VRTS) pays a dividend with a yield of 6.51%. This makes it attractive for income-focused investors.

Virtus Investment Partners, Inc. (VRTS) has a return on equity (ROE) of 13.5%. This is reasonable for most industries.

Industry Metrics

Virtus Investment Partners, Inc. (VRTS) has a net interest margin (NIM) of 0.9%. NIM has been under pressure due to interest rate environment.

Virtus Investment Partners, Inc. (VRTS) has an efficiency ratio of 57.4%. This is reasonable for a bank.

Explore More VRTS

Virtus Investment Partners, Inc. (VRTS) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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