Virtus Investment Partners (VRTS) Financials

$149.02 +0.98 (+0.66%)

Closing price 04/17/2025 03:59 PM Eastern

Extended Trading

$148.87 -0.16 (-0.10%)

As of 04/17/2025 04:07 PM Eastern

Annual Income Statements for Virtus Investment Partners

This table shows Virtus Investment Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	98	35	49	29	67	87	80	208	118	131	122
Consolidated Net Income / (Loss)	97	31	49	40	76	106	120	263	107	141	152
Net Income / (Loss) Continuing Operations	97	31	49	40	76	106	120	263	107	141	152
Total Pre-Tax Income	136	68	70	80	109	141	164	354	164	187	208
Total Operating Income	131	80	51	58	113	125	143	325	197	151	182
Total Gross Profit	311	245	187	234	314	323	337	621	515	441	474
Total Revenue	451	382	323	426	552	563	604	979	886	845	907
Operating Revenue	451	382	323	426	552	563	604	979	886	845	907
Total Cost of Revenue	140	137	136	191	239	241	267	358	371	405	433
Operating Cost of Revenue	140	137	136	191	239	241	267	358	371	405	433
Total Operating Expenses	180	165	136	176	201	198	193	296	318	289	292
Selling, General & Admin Expense	50	68	57	78	78	78	80	94	131	130	135
Depreciation Expense	2.76	3.44	3.09	3.50	4.60	4.99	4.66	3.90	3.92	5.80	8.96
Amortization Expense	3.78	3.30	2.46	12	25	30	30	44	59	61	56
Other Operating Expenses / (Income)	124	90	69	72	92	82	77	141	113	97	96
Restructuring Charge	0.29	0.00	4.27	11	0.09	2.30	1.16	0.00	4.02	0.82	1.49
Other Special Charges / (Income)	-	-	-	-	-	0.00	0.00	12	8.02	-5.51	-5.61
Total Other Income / (Expense), net	5.59	-13	19	22	-4.06	16	21	28	-34	35	25
Interest Expense	0.54	1.01	12	47	84	111	97	70	93	179	183
Interest & Investment Income	5.24	-13	30	68	77	125	116	94	60	214	207
Other Income / (Expense), net	0.89	0.90	1.09	1.64	3.29	2.41	1.88	4.23	-0.15	-0.44	2.04
Income Tax Expense	39	37	21	40	33	35	44	91	57	45	55
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.74	-4.44	0.26	2.93	0.55	9.86	40	55	-11	11	31
Basic Earnings per Share	$10.75	$3.99	$6.34	$4.09	$9.37	$12.54	$10.49	$27.13	$15.90	$18.02	$17.19
Weighted Average Basic Shares Outstanding	9.09M	8.80M	7.65M	7.01M	7.17M	6.96M	7.62M	7.67M	7.39M	7.25M	7.08M
Diluted Earnings per Share	$10.51	$3.92	$6.20	$3.96	$8.86	$11.74	$10.02	$26.01	$15.50	$17.71	$16.89
Weighted Average Diluted Shares Outstanding	9.29M	8.96M	7.82M	7.25M	8.53M	8.15M	7.98M	8.00M	7.58M	7.38M	7.21M
Weighted Average Basic & Diluted Shares Outstanding	8.98M	8.41M	6.82M	7.17M	7.01M	7.72M	7.58M	7.51M	7.18M	7.09M	6.97M
Cash Dividends to Common per Share	$1.35	$1.80	$1.80	$1.80	$2.00	$2.44	$2.98	$4.64	$6.30	$7.10	$8.30

This table shows Virtus Investment Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	32	35	39	30	31	31	30	18	41	33
Consolidated Net Income / (Loss)	27	26	35	30	38	38	38	26	49	39
Net Income / (Loss) Continuing Operations	31	22	35	30	38	38	38	26	49	39
Total Pre-Tax Income	38	39	43	41	50	52	47	38	65	59
Total Operating Income	44	31	29	39	45	39	32	44	55	51
Total Gross Profit	122	111	99	109	118	115	107	119	121	127
Total Revenue	210	198	198	214	219	215	222	224	227	233
Operating Revenue	210	198	198	214	219	215	222	224	227	233
Total Cost of Revenue	88	88	99	105	102	100	115	106	106	106
Operating Cost of Revenue	88	88	99	105	102	100	115	106	106	106
Total Operating Expenses	74	83	71	70	73	76	75	75	66	77
Selling, General & Admin Expense	32	34	31	34	31	34	32	36	31	36
Depreciation Expense	0.94	1.09	1.15	1.49	1.50	1.67	2.03	2.27	2.33	2.33
Amortization Expense	15	15	14	16	15	15	15	15	13	13
Other Operating Expenses / (Income)	27	24	24	25	24	23	24	24	24	24
Total Other Income / (Expense), net	-5.85	7.91	15	2.04	5.43	13	14	-6.44	9.64	7.79
Interest Expense	24	38	40	45	44	49	46	48	44	46
Interest & Investment Income	19	46	55	48	50	61	60	41	53	54
Other Income / (Expense), net	-0.66	-0.35	-0.34	-0.85	0.13	0.62	0.55	0.60	0.55	0.34
Income Tax Expense	11	13	8.70	11	12	13	8.83	12	16	19
Net Income / (Loss) Attributable to Noncontrolling Interest	-4.27	-9.57	-3.98	-0.08	7.25	7.67	8.01	8.41	8.12	6.17
Basic Earnings per Share	$4.33	$4.85	$5.33	$4.14	$4.26	$4.29	$4.19	$2.47	$5.80	$4.73
Weighted Average Basic Shares Outstanding	7.31M	7.39M	7.25M	7.31M	7.26M	7.25M	7.12M	7.13M	7.07M	7.08M
Diluted Earnings per Share	$4.25	$4.74	$5.21	$4.10	$4.19	$4.21	$4.10	$2.43	$5.71	$4.65
Weighted Average Diluted Shares Outstanding	7.46M	7.58M	7.41M	7.39M	7.38M	7.38M	7.29M	7.24M	7.18M	7.21M
Weighted Average Basic & Diluted Shares Outstanding	7.23M	7.18M	7.29M	7.26M	7.18M	7.09M	7.13M	7.08M	7.02M	6.97M

This table details how cash moves in and out of Virtus Investment Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-68	-437	-24	151	20	67	18	246	3.03	-248	59
Net Cash From Operating Activities	-59	-209	21	-183	-63	-37	-226	666	133	237	1.76
Net Cash From Continuing Operating Activities	-59	-236	21	-183	-63	-37	-226	666	133	237	1.76
Net Income / (Loss) Continuing Operations	97	31	49	40	76	106	120	263	107	141	152
Consolidated Net Income / (Loss)	97	31	49	40	76	106	120	263	107	141	152
Depreciation Expense	6.76	6.97	5.80	18	33	40	39	51	69	70	69
Amortization Expense	18	7.92	6.13	7.42	3.85	7.45	13	9.12	5.87	1.69	4.53
Non-Cash Adjustments To Reconcile Net Income	-182	-278	-39	-264	-174	-187	-398	301	-43	13	-208
Changes in Operating Assets and Liabilities, net	1.34	-4.01	-1.04	16	-2.08	-2.40	0.10	42	-5.08	11	-16
Net Cash From Investing Activities	-8.18	-6.44	3.08	-417	-121	4.45	8.68	-175	-27	-130	-17
Net Cash From Continuing Investing Activities	-8.18	-4.59	3.08	-417	-121	4.45	8.68	-175	-27	-130	-17
Purchase of Property, Plant & Equipment	-2.43	-4.68	-2.02	-1.51	-12	-7.56	-1.04	-5.84	-6.58	-8.82	-5.58
Acquisitions	-0.44	0.00	-0.90	-393	-127	0.00	0.00	-156	-21	-121	0.00
Other Investing Activities, net	-5.00	-	-2.47	-	-	-	-	-	-0.31	-0.27	-11
Net Cash From Financing Activities	-1.19	110	-48	750	204	100	235	-244	-102	-356	75
Net Cash From Continuing Financing Activities	-1.19	-196	-48	750	204	100	235	-244	-102	-356	75
Repayment of Debt	2.56	154	-157	-153	-697	-251	-474	-577	-205	-523	-806
Repurchase of Common Equity	-40	-80	-234	-7.50	-28	-40	-33	-57	-90	-45	-45
Payment of Dividends	20	40	-14	11	-28	-18	-32	-35	-53	-46	-25
Issuance of Debt	0.00	0.00	346	734	962	415	780	364	306	319	1,016
Other Financing Activities, net	16	-4.96	-0.64	-55	-5.77	-6.97	-6.45	62	-61	-62	-65
Effect of Exchange Rate Changes	-	-	-	-	-	-	0.00	0.00	-0.11	0.52	-0.46
Cash Interest Paid	0.27	-	0.42	8.15	12	18	8.86	6.48	11	22	20
Cash Income Taxes Paid	23	32	17	12	24	29	35	95	74	31	56

This table details how cash moves in and out of Virtus Investment Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	37	194	-171	-60	48	-65	-93	103	-39	88
Net Cash From Operating Activities	117	-22	-43	145	128	7.32	-35	70	69	-103
Net Cash From Continuing Operating Activities	117	-22	-43	145	128	7.32	-35	70	69	-103
Net Income / (Loss) Continuing Operations	27	26	35	30	38	38	38	26	49	39
Consolidated Net Income / (Loss)	27	26	35	30	38	38	38	26	49	39
Depreciation Expense	16	20	16	18	18	18	18	18	16	16
Amortization Expense	0.95	2.22	-	-	-	1.69	-	-	-	2.64
Non-Cash Adjustments To Reconcile Net Income	34	-105	8.80	52	52	-99	26	5.81	-42	-198
Changes in Operating Assets and Liabilities, net	39	34	-103	45	20	49	-116	18	45	37
Net Cash From Investing Activities	-1.31	-1.72	-13	-110	-4.11	-2.38	-2.46	-1.34	-1.02	-12
Net Cash From Continuing Investing Activities	-1.31	-1.72	-13	-110	-4.11	-2.38	-2.46	-1.34	-1.02	-12
Purchase of Property, Plant & Equipment	-1.13	-1.09	-1.45	-1.10	-3.89	-2.38	-1.92	-1.33	-0.41	-1.92
Other Investing Activities, net	-	-	-0.05	-	-0.22	-	-0.54	-0.01	-0.61	-10
Net Cash From Financing Activities	-79	217	-115	-96	-75	-70	-56	34	-108	204
Net Cash From Continuing Financing Activities	-79	217	-115	-96	-75	-70	-56	34	-108	204
Repayment of Debt	-48	-63	-62	-125	-163	-173	-18	-678	-55	-54
Repurchase of Common Equity	-10	-10	0.00	-10	-15	-20	-5.00	-12	-15	-13
Payment of Dividends	-8.55	-16	-14	-10	-8.51	-14	1.84	-12	-7.92	-6.94
Issuance of Debt	-	306	-	-	132	137	-	-	-	278
Other Financing Activities, net	-12	-0.38	-39	-1.01	-21	-0.34	-35	-0.59	-29	-0.41
Effect of Exchange Rate Changes	-0.34	0.54	0.18	0.20	-0.45	0.59	-0.20	0.10	0.76	-1.12

This table presents Virtus Investment Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	699	860	824	2,591	2,871	3,205	3,467	3,934	3,953	3,679	3,994
Total Current Assets	325	146	119	198	324	396	424	710	688	450	518
Cash & Equivalents	203	97	83	132	254	321	333	586	589	340	400
Restricted Cash	8.23	10	-	-	-	-	6.36	0.60	0.64	0.68	0.73
Short-Term Investments	63	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Receivable	50	39	36	66	70	74	84	124	99	109	117
Plant, Property, & Equipment, net	7.19	9.12	7.73	11	20	18	14	13	19	26	23
Total Noncurrent Assets	367	448	698	2,382	2,527	2,791	3,028	3,212	3,245	3,202	3,454
Goodwill	5.26	6.70	6.79	170	290	290	290	338	349	397	397
Intangible Assets	42	41	38	302	339	310	280	501	443	432	378
Noncurrent Deferred & Refundable Income Taxes	60	54	48	32	22	16	9.54	19	23	25	23
Other Noncurrent Operating Assets	23	23	605	1,878	1,875	2,174	2,448	2,353	2,431	2,348	2,656
Total Liabilities & Shareholders' Equity	699	860	824	2,591	2,871	3,205	3,467	3,934	3,953	3,679	3,994
Total Liabilities	112	276	465	1,981	2,169	2,455	2,630	2,959	3,016	2,705	2,986
Total Current Liabilities	91	27	29	36	36	32	34	63	49	56	49
Accounts Payable	32	23	25	30	28	23	25	48	33	56	49
Total Noncurrent Liabilities	22	249	437	1,945	2,133	2,422	2,596	2,895	2,967	2,649	2,936
Long-Term Debt	0.00	153	359	1,706	1,949	2,112	2,392	2,300	2,338	2,176	2,404
Noncurrent Employee Benefit Liabilities	-	50	48	87	93	101	123	187	182	201	225
Other Noncurrent Operating Liabilities	22	47	30	153	91	209	82	408	447	273	308
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	23	74	37	4.18	57	64	116	139	114	105	107
Total Equity & Noncontrolling Interests	563	509	322	605	644	686	721	837	823	868	902
Total Preferred & Common Equity	564	510	322	589	630	676	711	828	817	864	897
Total Common Equity	564	510	322	478	519	565	711	828	817	864	897
Common Stock	1,149	1,141	1,090	1,216	1,210	1,199	1,298	1,277	1,286	1,301	1,319
Retained Earnings	-508	-473	-424	-386	-311	-215	-135	61	130	207	268
Treasury Stock	-78	-158	-344	-352	-379	-419	-452	-509	-599	-644	-690
Accumulated Other Comprehensive Income / (Loss)	-0.24	-1.03	-0.22	-0.60	-0.73	0.01	0.03	0.02	-0.36	-0.09	-0.36
Noncontrolling Interest	-0.19	-0.17	0.00	17	14	11	9.80	8.35	5.92	4.36	4.14

This table presents Virtus Investment Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,546	3,698	3,646	3,765	3,548	3,648	3,602
Total Current Assets	500	516	462	512	364	456	424
Cash & Equivalents	395	417	357	405	247	350	310
Restricted Cash	0.59	0.74	0.69	-	0.77	0.96	1.42
Short-Term Investments	-	-	0.00	0.00	0.00	0.00	0.00
Accounts Receivable	105	98	104	107	116	106	112
Plant, Property, & Equipment, net	19	19	23	26	26	25	23
Total Noncurrent Assets	3,026	3,163	3,160	3,228	3,158	3,166	3,154
Goodwill	349	349	397	397	397	397	397
Intangible Assets	467	428	468	452	417	402	389
Noncurrent Deferred & Refundable Income Taxes	25	22	23	24	24	24	28
Other Noncurrent Operating Assets	2,185	2,364	2,272	2,355	2,320	2,343	2,341
Total Liabilities & Shareholders' Equity	3,546	3,698	3,646	3,765	3,548	3,648	3,602
Total Liabilities	2,616	2,747	2,679	2,801	2,557	2,646	2,611
Total Current Liabilities	53	53	54	50	61	47	50
Accounts Payable	38	39	39	33	44	30	30
Dividends Payable	15	15	15	17	17	17	20
Total Noncurrent Liabilities	2,563	2,694	2,625	2,752	2,496	2,599	2,561
Long-Term Debt	2,120	2,311	2,206	2,218	2,175	2,238	2,178
Noncurrent Employee Benefit Liabilities	145	69	118	162	96	132	180
Other Noncurrent Operating Liabilities	297	314	301	372	225	229	204
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	124	107	110	96	115	129	98
Total Equity & Noncontrolling Interests	806	844	857	868	876	872	893
Total Preferred & Common Equity	799	838	852	862	872	869	889
Total Common Equity	799	838	852	862	872	869	889
Common Stock	1,282	1,282	1,287	1,296	1,298	1,304	1,314
Retained Earnings	107	156	174	191	223	227	251
Treasury Stock	-589	-599	-609	-624	-649	-662	-677
Accumulated Other Comprehensive Income / (Loss)	-0.77	-0.26	-0.15	-0.37	-0.19	-0.20	0.23
Noncontrolling Interest	6.73	6.38	5.20	5.45	4.35	3.44	3.68

This table displays calculated financial ratios and metrics derived from Virtus Investment Partners' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.77%	-15.23%	-15.56%	31.95%	29.75%	1.99%	7.22%	62.15%	-9.48%	-4.64%	7.30%
EBITDA Growth	15.69%	-38.46%	-33.62%	33.81%	79.90%	13.37%	13.15%	97.65%	-30.25%	-18.02%	15.84%
EBIT Growth	15.88%	-38.25%	-36.14%	14.96%	95.05%	9.22%	14.10%	127.33%	-40.16%	-23.45%	22.17%
NOPAT Growth	29.48%	-60.81%	-2.61%	-18.81%	173.82%	18.52%	12.04%	130.84%	-46.89%	-10.58%	16.51%
Net Income Growth	25.72%	-68.37%	58.99%	-18.10%	90.49%	38.68%	13.70%	119.10%	-59.43%	32.68%	7.76%
EPS Growth	17.83%	-62.70%	58.16%	-36.13%	123.74%	32.51%	-14.65%	159.58%	-40.41%	14.26%	-4.63%
Operating Cash Flow Growth	-304.15%	-255.74%	109.99%	-974.17%	65.79%	41.29%	-515.70%	394.44%	-80.07%	78.76%	-99.26%
Free Cash Flow Firm Growth	33.94%	-54.73%	-978.14%	-176.70%	91.04%	62.20%	-370.48%	279.30%	-69.86%	-93.36%	-916.58%
Invested Capital Growth	-36.48%	-33.14%	1,107.98%	242.92%	9.83%	6.03%	13.62%	-6.66%	-0.10%	3.93%	7.30%
Revenue Q/Q Growth	1.27%	-6.38%	-1.91%	12.76%	1.85%	1.44%	4.42%	10.70%	-7.11%	1.96%	2.13%
EBITDA Q/Q Growth	1.87%	-19.46%	-5.95%	31.88%	3.82%	4.27%	5.62%	13.76%	-16.28%	2.55%	4.38%
EBIT Q/Q Growth	2.71%	-20.07%	-5.76%	33.92%	1.46%	6.82%	10.42%	10.85%	-21.30%	6.12%	6.64%
NOPAT Q/Q Growth	-0.61%	-27.54%	9.70%	-8.67%	11.81%	16.35%	18.32%	6.99%	-22.88%	7.88%	4.10%
Net Income Q/Q Growth	-8.02%	-29.40%	14.78%	-13.58%	-5.64%	37.35%	36.43%	0.08%	-25.33%	9.83%	0.63%
EPS Q/Q Growth	-5.99%	-24.18%	19.00%	-25.00%	-3.49%	30.88%	33.96%	3.13%	-8.88%	-2.91%	2.67%
Operating Cash Flow Q/Q Growth	40.85%	-1,447.44%	113.62%	-123.01%	65.34%	42.51%	27.99%	15.21%	-66.57%	14.20%	-98.43%
Free Cash Flow Firm Q/Q Growth	8.06%	-63.35%	14.20%	-16.00%	65.21%	37.25%	-0.15%	-3.45%	-40.49%	153.27%	-254.98%
Invested Capital Q/Q Growth	-17.56%	313.65%	-1.59%	9.88%	-2.05%	-2.59%	-1.74%	-0.73%	1.17%	0.52%	4.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.97%	64.11%	57.95%	55.03%	56.81%	57.30%	55.74%	63.42%	58.12%	52.12%	52.30%
EBITDA Margin	34.68%	25.18%	19.79%	20.07%	27.83%	30.93%	32.64%	39.79%	30.66%	26.36%	28.45%
Operating Margin	29.01%	21.04%	15.75%	13.64%	20.48%	22.14%	23.71%	33.24%	22.28%	17.92%	20.12%
EBIT Margin	29.21%	21.28%	16.09%	14.02%	21.08%	22.57%	24.02%	33.67%	22.26%	17.87%	20.35%
Profit (Net Income) Margin	21.52%	8.03%	15.12%	9.38%	13.78%	18.73%	19.86%	26.84%	12.03%	16.74%	16.81%
Tax Burden Percent	71.13%	45.34%	69.85%	49.66%	69.77%	75.00%	73.19%	74.32%	65.06%	75.83%	73.34%
Interest Burden Percent	103.57%	83.23%	134.50%	134.79%	93.69%	110.67%	113.00%	107.26%	83.06%	123.52%	112.65%
Effective Tax Rate	28.87%	54.66%	30.15%	50.34%	30.23%	25.00%	26.81%	25.68%	34.94%	24.17%	26.66%
Return on Invested Capital (ROIC)	91.38%	55.26%	10.27%	2.04%	3.44%	3.78%	3.85%	8.64%	4.75%	4.17%	4.60%
ROIC Less NNEP Spread (ROIC-NNEP)	90.51%	56.37%	-0.31%	3.23%	3.26%	4.46%	4.63%	9.74%	3.50%	5.65%	5.57%
Return on Net Nonoperating Assets (RNNOA)	-74.09%	-50.01%	0.08%	6.21%	8.17%	10.76%	11.28%	20.37%	6.40%	10.65%	10.78%
Return on Equity (ROE)	17.29%	5.24%	10.35%	8.25%	11.61%	14.54%	15.12%	29.01%	11.15%	14.82%	15.38%
Cash Return on Invested Capital (CROIC)	135.99%	94.98%	-159.15%	-107.65%	-5.94%	-2.08%	-8.91%	15.53%	4.85%	0.32%	-2.44%
Operating Return on Assets (OROA)	19.59%	10.43%	6.16%	3.49%	4.26%	4.18%	4.35%	8.91%	5.00%	3.96%	4.81%
Return on Assets (ROA)	14.43%	3.94%	5.79%	2.34%	2.79%	3.47%	3.60%	7.10%	2.70%	3.71%	3.97%
Return on Common Equity (ROCE)	16.29%	4.81%	9.13%	6.81%	8.83%	10.86%	12.16%	24.65%	9.60%	13.04%	13.67%
Return on Equity Simple (ROE_SIMPLE)	17.21%	6.02%	15.16%	6.79%	12.08%	15.61%	16.87%	31.73%	13.05%	16.38%	16.99%
Net Operating Profit after Tax (NOPAT)	93	36	35	29	79	94	105	242	128	115	134
NOPAT Margin	20.64%	9.54%	11.00%	6.77%	14.29%	16.61%	17.35%	24.70%	14.49%	13.59%	14.76%
Net Nonoperating Expense Percent (NNEP)	0.87%	-1.11%	10.58%	-1.20%	0.17%	-0.68%	-0.79%	-1.11%	1.25%	-1.48%	-0.97%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	4.06%	3.77%	4.05%
Cost of Revenue to Revenue	31.03%	35.89%	42.05%	44.97%	43.19%	42.70%	44.26%	36.58%	41.88%	47.88%	47.70%
SG&A Expenses to Revenue	11.00%	17.81%	17.74%	18.31%	14.19%	13.92%	13.33%	9.57%	14.73%	15.39%	14.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.96%	43.07%	42.19%	41.39%	36.33%	35.16%	32.03%	30.18%	35.84%	34.20%	32.18%
Earnings before Interest and Taxes (EBIT)	132	81	52	60	116	127	145	330	197	151	185
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	156	96	64	85	154	174	197	390	272	223	258
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.20	1.63	1.80	1.46	0.94	1.30	2.09	2.48	1.56	1.92	1.71
Price to Tangible Book Value (P/TBV)	2.40	1.79	2.09	124.08	0.00	0.00	10.57	0.00	49.75	47.84	12.54
Price to Revenue (P/Rev)	2.75	2.17	1.79	1.63	0.88	1.30	2.46	2.10	1.44	1.96	1.69
Price to Earnings (P/E)	12.68	23.61	11.92	24.26	7.26	8.42	18.57	9.88	10.86	12.71	12.58
Dividend Yield	0.66%	1.88%	1.83%	1.85%	2.79%	2.17%	1.45%	1.46%	3.48%	2.96%	3.64%
Earnings Yield	7.88%	4.24%	8.39%	4.12%	13.78%	11.88%	5.39%	10.12%	9.21%	7.87%	7.95%
Enterprise Value to Invested Capital (EV/IC)	9.49	11.81	1.40	1.10	0.98	1.06	1.26	1.45	1.16	1.28	1.21
Enterprise Value to Revenue (EV/Rev)	1.67	1.63	2.76	5.64	4.28	4.81	6.06	4.00	3.55	4.26	4.02
Enterprise Value to EBITDA (EV/EBITDA)	4.80	6.49	13.96	28.11	15.39	15.56	18.58	10.06	11.58	16.18	14.13
Enterprise Value to EBIT (EV/EBIT)	5.70	7.68	17.17	40.24	20.32	21.33	25.25	11.88	15.94	23.86	19.76
Enterprise Value to NOPAT (EV/NOPAT)	8.07	17.12	25.11	83.31	29.98	28.99	34.94	16.20	24.48	31.38	27.25
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	42.61	0.00	0.00	0.00	0.00	5.88	23.71	15.20	2,077.97
Enterprise Value to Free Cash Flow (EV/FCFF)	5.42	9.96	0.00	0.00	0.00	0.00	0.00	9.01	24.00	414.23	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.26	1.00	2.80	2.78	2.82	2.86	2.36	2.50	2.24	2.38
Long-Term Debt to Equity	0.00	0.26	1.00	2.80	2.78	2.82	2.86	2.36	2.50	2.24	2.38
Financial Leverage	-0.82	-0.89	-0.27	1.92	2.51	2.41	2.43	2.09	1.83	1.88	1.94
Leverage Ratio	1.20	1.33	1.79	3.53	4.17	4.19	4.21	4.08	4.12	4.00	3.87
Compound Leverage Factor	1.24	1.11	2.40	4.75	3.90	4.63	4.75	4.38	3.43	4.94	4.36
Debt to Total Capital	0.00%	20.74%	49.99%	73.68%	73.54%	73.80%	74.09%	70.22%	71.40%	69.09%	70.44%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	20.74%	49.99%	73.68%	73.54%	73.80%	74.09%	70.22%	71.40%	69.09%	70.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	4.79%	4.18%	3.87%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.90%	10.01%	5.19%	0.90%	2.70%	2.60%	3.88%	4.50%	3.65%	3.47%	3.26%
Common Equity to Total Capital	96.10%	69.25%	44.82%	20.63%	19.58%	19.73%	22.03%	25.29%	24.95%	27.44%	26.30%
Debt to EBITDA	0.00	1.59	5.62	19.97	12.69	12.13	12.13	5.90	8.61	9.77	9.32
Net Debt to EBITDA	0.00	-2.90	4.33	18.42	11.04	10.28	10.41	4.40	6.44	8.24	7.76
Long-Term Debt to EBITDA	0.00	1.59	5.62	19.97	12.69	12.13	12.13	5.90	8.61	9.77	9.32
Debt to NOPAT	0.00	4.19	10.11	59.19	24.70	22.59	22.82	9.51	18.20	18.94	17.96
Net Debt to NOPAT	0.00	-7.64	7.78	54.60	21.49	19.15	19.58	7.09	13.62	15.97	14.97
Long-Term Debt to NOPAT	0.00	4.19	10.11	59.19	24.70	22.59	22.82	9.51	18.20	18.94	17.96
Altman Z-Score	7.27	1.95	0.75	0.32	0.43	0.53	0.73	1.16	0.88	0.94	0.92
Noncontrolling Interest Sharing Ratio	5.80%	8.26%	11.78%	17.45%	23.95%	25.32%	19.57%	15.05%	13.96%	11.98%	11.13%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.58	5.37	4.14	5.47	9.07	12.28	12.35	11.21	14.05	8.03	10.46
Quick Ratio	3.49	4.99	4.14	5.47	9.07	12.28	12.16	11.20	14.03	8.02	10.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	138	63	-550	-1,522	-136	-52	-243	435	131	8.70	-71
Operating Cash Flow to CapEx	-2,420.68%	-4,472.13%	1,034.01%	-12,101.85%	-533.88%	-486.08%	-21,678.14%	11,403.37%	2,015.65%	2,688.55%	31.46%
Free Cash Flow to Firm to Interest Expense	257.69	62.21	-45.96	-32.22	-1.62	-0.46	-2.49	6.25	1.40	0.05	-0.39
Operating Cash Flow to Interest Expense	-109.63	-207.97	1.75	-3.87	-0.74	-0.33	-2.32	9.56	1.42	1.33	0.01
Operating Cash Flow Less CapEx to Interest Expense	-114.16	-212.62	1.58	-3.90	-0.88	-0.40	-2.33	9.48	1.35	1.28	-0.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.49	0.38	0.25	0.20	0.19	0.18	0.26	0.22	0.22	0.24
Accounts Receivable Turnover	9.02	8.63	8.64	8.38	8.14	7.81	7.61	9.40	7.94	8.11	8.02
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	62.53	46.84	38.30	45.86	35.64	29.41	37.01	72.46	55.98	37.29	37.07
Accounts Payable Turnover	4.54	5.02	5.63	6.99	8.29	9.39	10.99	9.70	9.09	9.07	8.20
Days Sales Outstanding (DSO)	40.46	42.27	42.23	43.53	44.84	46.72	47.94	38.83	45.94	44.98	45.53
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	80.33	72.77	64.87	52.24	44.02	38.87	33.23	37.62	40.16	40.24	44.52
Cash Conversion Cycle (CCC)	-39.87	-30.49	-22.64	-8.70	0.82	7.84	14.71	1.21	5.79	4.74	1.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	79	53	638	2,190	2,405	2,550	2,897	2,704	2,702	2,808	3,013
Invested Capital Turnover	4.43	5.79	0.93	0.30	0.24	0.23	0.22	0.35	0.33	0.31	0.31
Increase / (Decrease) in Invested Capital	-45	-26	586	1,551	215	145	347	-193	-2.61	106	205
Enterprise Value (EV)	750	624	891	2,401	2,366	2,711	3,662	3,917	3,145	3,604	3,647
Market Capitalization	1,239	829	578	696	488	735	1,485	2,056	1,277	1,660	1,532
Book Value per Share	$62.20	$58.80	$54.63	$66.74	$72.63	$82.12	$93.41	$109.16	$112.97	$120.24	$127.88
Tangible Book Value per Share	$57.01	$53.31	$46.95	$0.78	($15.41)	($5.22)	$18.46	($1.41)	$3.55	$4.83	$17.41
Total Capital	586	736	718	2,315	2,651	2,862	3,228	3,276	3,275	3,149	3,413
Total Debt	0.00	153	359	1,706	1,949	2,112	2,392	2,300	2,338	2,176	2,404
Total Long-Term Debt	0.00	153	359	1,706	1,949	2,112	2,392	2,300	2,338	2,176	2,404
Net Debt	-512	-278	276	1,574	1,696	1,791	2,052	1,714	1,749	1,835	2,004
Capital Expenditures (CapEx)	2.43	4.68	2.02	1.51	12	7.56	1.04	5.84	6.58	8.82	5.58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-41	11	7.22	30	34	42	50	61	50	53	68
Debt-free Net Working Capital (DFNWC)	234	119	90	162	288	363	390	647	639	394	468
Net Working Capital (NWC)	234	119	90	162	288	363	390	647	639	394	468
Net Nonoperating Expense (NNE)	-3.98	5.77	-13	-11	2.83	-12	-15	-21	22	-27	-19
Net Nonoperating Obligations (NNO)	-507	-530	280	1,580	1,703	1,800	2,061	1,729	1,765	1,835	2,004
Total Depreciation and Amortization (D&A)	25	15	12	26	37	47	52	60	74	72	74
Debt-free, Cash-free Net Working Capital to Revenue	-9.10%	3.01%	2.24%	6.93%	6.22%	7.44%	8.30%	6.18%	5.67%	6.27%	7.47%
Debt-free Net Working Capital to Revenue	51.93%	31.21%	27.87%	37.98%	52.17%	64.52%	64.58%	66.04%	72.14%	46.62%	51.60%
Net Working Capital to Revenue	51.93%	31.21%	27.87%	37.98%	52.17%	64.52%	64.58%	66.04%	72.14%	46.62%	51.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$10.75	$3.99	$6.34	$4.09	$9.37	$12.54	$10.49	$27.13	$15.90	$18.02	$17.19
Adjusted Weighted Average Basic Shares Outstanding	9.09M	8.80M	7.65M	7.01M	7.17M	6.96M	7.62M	7.67M	7.39M	7.25M	7.08M
Adjusted Diluted Earnings per Share	$10.51	$3.92	$6.20	$3.96	$8.86	$11.74	$10.02	$26.01	$15.50	$17.71	$16.89
Adjusted Weighted Average Diluted Shares Outstanding	9.29M	8.96M	7.82M	7.25M	8.53M	8.15M	7.98M	8.00M	7.58M	7.38M	7.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.98M	8.41M	6.82M	7.17M	7.01M	7.72M	7.58M	7.51M	7.18M	7.09M	6.97M
Normalized Net Operating Profit after Tax (NOPAT)	93	56	38	48	79	95	106	251	136	111	131
Normalized NOPAT Margin	20.68%	14.73%	11.93%	11.29%	14.30%	16.91%	17.49%	25.64%	15.38%	13.17%	14.42%
Pre Tax Income Margin	30.25%	17.71%	21.64%	18.90%	19.75%	24.98%	27.14%	36.12%	18.49%	22.07%	22.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	245.09	80.71	4.34	1.26	1.38	1.14	1.49	4.73	2.11	0.84	1.01
NOPAT to Interest Expense	173.16	36.19	2.97	0.61	0.94	0.84	1.08	3.47	1.38	0.64	0.73
EBIT Less CapEx to Interest Expense	240.56	76.06	4.17	1.23	1.24	1.07	1.48	4.65	2.04	0.80	0.98
NOPAT Less CapEx to Interest Expense	168.63	31.54	2.80	0.58	0.80	0.77	1.07	3.39	1.30	0.59	0.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-21.11%	-129.29%	28.25%	-28.08%	36.66%	16.61%	26.80%	13.20%	49.50%	32.49%	16.60%
Augmented Payout Ratio	20.41%	131.55%	507.62%	-9.29%	72.80%	54.53%	53.89%	35.07%	133.91%	64.30%	46.03%

This table displays calculated financial ratios and metrics derived from Virtus Investment Partners' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.58%	-25.50%	-21.62%	-5.22%	4.29%	8.17%	12.21%	5.08%	3.54%	8.81%
EBITDA Growth	-43.94%	-49.69%	-46.40%	-24.69%	4.32%	10.34%	14.28%	12.27%	14.79%	18.33%
EBIT Growth	-54.01%	-63.38%	-57.11%	-33.27%	3.86%	28.21%	16.36%	17.29%	23.93%	29.02%
NOPAT Growth	-54.04%	-64.44%	-50.25%	9.10%	7.66%	40.46%	14.69%	6.20%	22.83%	18.14%
Net Income Growth	-62.19%	-58.34%	-11.44%	111.66%	39.17%	49.02%	9.31%	-13.78%	28.70%	2.50%
EPS Growth	-42.26%	-24.16%	23.46%	79.04%	-1.41%	-11.18%	-21.31%	-40.73%	36.28%	10.45%
Operating Cash Flow Growth	-36.46%	-109.16%	47.47%	21.49%	8.97%	132.99%	19.63%	-51.77%	-45.88%	-1,505.04%
Free Cash Flow Firm Growth	-70.91%	-90.75%	267.27%	-143.27%	-204.09%	-432.49%	-200.61%	17.15%	53.91%	-121.04%
Invested Capital Growth	-1.97%	-0.10%	-0.94%	3.05%	4.60%	3.93%	2.67%	2.69%	2.96%	7.30%
Revenue Q/Q Growth	-6.68%	-5.65%	-0.25%	7.92%	2.69%	-2.14%	3.47%	1.05%	1.18%	2.85%
EBITDA Q/Q Growth	-19.38%	-11.18%	-16.55%	26.02%	11.67%	-6.05%	-13.57%	23.82%	14.17%	-3.15%
EBIT Q/Q Growth	-24.25%	-28.80%	-8.53%	35.28%	17.89%	-12.11%	-16.98%	36.36%	24.56%	-8.50%
NOPAT Q/Q Growth	20.27%	-34.79%	10.80%	25.56%	18.68%	-14.92%	-9.53%	16.26%	37.28%	-18.18%
Net Income Q/Q Growth	92.26%	-5.76%	34.09%	-12.88%	26.42%	0.90%	-1.64%	-31.28%	88.70%	-19.64%
EPS Q/Q Growth	85.59%	11.53%	9.92%	-21.31%	2.20%	0.48%	-2.61%	-40.73%	134.98%	-18.56%
Operating Cash Flow Q/Q Growth	-1.80%	-118.92%	-93.68%	437.64%	-11.92%	-94.27%	-571.89%	302.60%	-1.17%	-248.70%
Free Cash Flow Firm Q/Q Growth	-32.86%	-72.77%	115.12%	-210.03%	-61.51%	13.02%	46.82%	9.40%	10.15%	-317.13%
Invested Capital Q/Q Growth	-2.76%	1.17%	5.81%	-1.01%	-1.29%	0.52%	3.89%	-1.00%	-1.02%	4.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.04%	55.80%	50.16%	50.97%	53.67%	53.47%	48.13%	52.91%	53.51%	54.52%
EBITDA Margin	28.65%	26.97%	22.56%	26.35%	28.66%	27.51%	22.98%	28.15%	31.77%	29.92%
Operating Margin	20.93%	15.74%	14.44%	18.29%	20.48%	18.15%	14.55%	19.70%	24.34%	21.72%
EBIT Margin	20.62%	15.56%	14.27%	17.89%	20.54%	18.44%	14.80%	19.97%	24.58%	21.87%
Profit (Net Income) Margin	13.04%	13.02%	17.51%	14.13%	17.40%	17.94%	17.05%	11.60%	21.63%	16.90%
Tax Burden Percent	71.83%	66.03%	79.92%	73.45%	75.80%	74.33%	81.09%	68.90%	75.66%	67.44%
Interest Burden Percent	88.03%	126.75%	153.51%	107.57%	111.78%	130.86%	142.13%	84.30%	116.30%	114.58%
Effective Tax Rate	28.17%	33.97%	20.08%	26.55%	24.20%	25.67%	18.91%	31.10%	24.34%	32.56%
Return on Invested Capital (ROIC)	5.32%	3.41%	3.34%	3.95%	4.71%	4.14%	3.54%	4.17%	5.77%	4.57%
ROIC Less NNEP Spread (ROIC-NNEP)	5.08%	3.71%	3.96%	4.03%	4.94%	4.67%	4.15%	3.93%	6.16%	4.84%
Return on Net Nonoperating Assets (RNNOA)	9.47%	6.77%	7.92%	7.81%	9.31%	8.80%	8.22%	7.52%	11.71%	9.37%
Return on Equity (ROE)	14.79%	10.18%	11.27%	11.76%	14.02%	12.94%	11.77%	11.69%	17.48%	13.94%
Cash Return on Invested Capital (CROIC)	8.17%	4.85%	4.71%	0.74%	-0.60%	0.32%	1.44%	1.56%	1.62%	-2.44%
Operating Return on Assets (OROA)	5.37%	3.50%	3.21%	4.08%	4.66%	4.09%	3.55%	4.82%	5.93%	5.17%
Return on Assets (ROA)	3.40%	2.93%	3.94%	3.22%	3.95%	3.97%	4.09%	2.80%	5.21%	4.00%
Return on Common Equity (ROCE)	12.66%	8.76%	9.74%	10.14%	12.30%	11.39%	10.36%	10.21%	15.66%	12.39%
Return on Equity Simple (ROE_SIMPLE)	17.87%	0.00%	12.19%	13.87%	14.94%	0.00%	16.60%	16.18%	17.04%	0.00%
Net Operating Profit after Tax (NOPAT)	32	21	23	29	34	29	26	30	42	34
NOPAT Margin	15.04%	10.39%	11.54%	13.43%	15.52%	13.49%	11.80%	13.57%	18.42%	14.65%
Net Nonoperating Expense Percent (NNEP)	0.24%	-0.30%	-0.62%	-0.08%	-0.23%	-0.53%	-0.61%	0.24%	-0.39%	-0.27%
Return On Investment Capital (ROIC_SIMPLE)	-	0.65%	-	-	-	0.95%	-	-	-	1.03%
Cost of Revenue to Revenue	41.96%	44.20%	49.84%	49.03%	46.33%	46.53%	51.87%	47.09%	46.49%	45.48%
SG&A Expenses to Revenue	15.05%	17.29%	15.88%	15.85%	14.16%	15.74%	14.44%	16.03%	13.58%	15.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.19%	42.09%	35.72%	32.69%	33.19%	35.32%	33.59%	33.21%	29.17%	32.79%
Earnings before Interest and Taxes (EBIT)	43	31	28	38	45	40	33	45	56	51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	60	54	45	56	63	59	51	63	72	70
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.35	1.56	1.56	1.62	1.62	1.92	1.98	1.84	1.65	1.71
Price to Tangible Book Value (P/TBV)	0.00	49.75	21.43	0.00	110.55	47.84	29.92	22.81	14.22	12.54
Price to Revenue (P/Rev)	1.13	1.44	1.57	1.68	1.69	1.96	1.99	1.81	1.65	1.69
Price to Earnings (P/E)	8.20	10.86	10.61	10.14	10.36	12.71	14.18	14.62	12.31	12.58
Dividend Yield	4.03%	3.48%	3.49%	3.41%	3.42%	2.96%	2.91%	3.28%	3.67%	3.64%
Earnings Yield	12.20%	9.21%	9.42%	9.86%	9.65%	7.87%	7.05%	6.84%	8.12%	7.95%
Enterprise Value to Invested Capital (EV/IC)	1.10	1.16	1.16	1.18	1.19	1.28	1.29	1.24	1.19	1.21
Enterprise Value to Revenue (EV/Rev)	3.08	3.55	3.98	4.08	4.00	4.26	4.34	4.11	3.87	4.02
Enterprise Value to EBITDA (EV/EBITDA)	9.05	11.58	14.76	15.57	15.26	16.18	16.72	15.20	13.90	14.13
Enterprise Value to EBIT (EV/EBIT)	11.72	15.94	20.74	23.76	23.29	23.86	24.25	22.29	19.86	19.76
Enterprise Value to NOPAT (EV/NOPAT)	17.64	24.48	30.59	32.04	31.13	31.38	31.93	29.94	26.72	27.25
Enterprise Value to Operating Cash Flow (EV/OCF)	7.40	23.71	19.32	16.95	15.96	15.20	15.37	21.21	30.71	2,077.97
Enterprise Value to Free Cash Flow (EV/FCFF)	13.34	24.00	24.46	161.81	0.00	414.23	90.32	80.74	74.95	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.28	2.50	2.43	2.28	2.30	2.24	2.19	2.23	2.20	2.38
Long-Term Debt to Equity	2.28	2.50	2.43	2.28	2.30	2.24	2.19	2.23	2.20	2.38
Financial Leverage	1.86	1.83	2.00	1.94	1.88	1.88	1.98	1.91	1.90	1.94
Leverage Ratio	3.89	4.12	3.87	3.79	3.86	4.00	3.73	3.70	3.77	3.87
Compound Leverage Factor	3.42	5.23	5.94	4.07	4.31	5.23	5.30	3.12	4.38	4.44
Debt to Total Capital	69.50%	71.40%	70.85%	69.52%	69.71%	69.09%	68.70%	69.08%	68.73%	70.44%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	69.50%	71.40%	70.85%	69.52%	69.71%	69.09%	68.70%	69.08%	68.73%	70.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.30%	3.65%	3.46%	3.64%	3.20%	3.47%	3.78%	4.10%	3.21%	3.26%
Common Equity to Total Capital	26.20%	24.95%	25.69%	26.84%	27.10%	27.44%	27.53%	26.82%	28.06%	26.30%
Debt to EBITDA	6.53	8.61	10.30	10.28	10.21	9.77	9.63	9.41	8.81	9.32
Net Debt to EBITDA	5.31	6.44	8.44	8.61	8.34	8.24	8.53	7.93	7.55	7.76
Long-Term Debt to EBITDA	6.53	8.61	10.30	10.28	10.21	9.77	9.63	9.41	8.81	9.32
Debt to NOPAT	12.73	18.20	21.34	21.15	20.83	18.94	18.39	18.53	16.94	17.96
Net Debt to NOPAT	10.35	13.62	17.48	17.72	17.02	15.97	16.30	15.62	14.51	14.97
Long-Term Debt to NOPAT	12.73	18.20	21.34	21.15	20.83	18.94	18.39	18.53	16.94	17.96
Altman Z-Score	0.75	0.74	0.74	0.77	0.78	0.84	0.87	0.87	0.86	0.81
Noncontrolling Interest Sharing Ratio	14.43%	13.96%	13.56%	13.79%	12.29%	11.98%	11.97%	12.62%	10.41%	11.13%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	9.42	14.05	9.67	8.56	10.33	8.03	5.98	9.66	8.55	10.46
Quick Ratio	9.41	14.03	9.65	8.55	10.33	8.02	5.97	9.64	8.52	10.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	85	23	50	-55	-89	-77	-50	-46	-41	-171
Operating Cash Flow to CapEx	10,338.54%	-2,040.48%	-2,966.78%	13,186.09%	3,284.11%	307.05%	-1,795.53%	5,267.70%	16,986.49%	-5,351.74%
Free Cash Flow to Firm to Interest Expense	3.57	0.61	1.24	-1.22	-2.00	-1.57	-1.10	-0.96	-0.93	-3.70
Operating Cash Flow to Interest Expense	4.90	-0.59	-1.07	3.23	2.87	0.15	-0.76	1.47	1.58	-2.23
Operating Cash Flow Less CapEx to Interest Expense	4.86	-0.61	-1.10	3.20	2.79	0.10	-0.80	1.44	1.57	-2.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.22	0.22	0.23	0.23	0.22	0.24	0.24	0.24	0.24
Accounts Receivable Turnover	8.24	7.94	7.49	7.72	7.83	8.11	8.11	8.39	8.10	8.02
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	60.27	55.98	44.27	38.82	37.06	37.29	38.19	36.39	36.37	37.07
Accounts Payable Turnover	9.44	9.09	7.21	9.46	11.14	9.07	10.17	12.13	13.57	8.20
Days Sales Outstanding (DSO)	44.30	45.94	48.70	47.29	46.60	44.98	44.98	43.51	45.04	45.53
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.67	40.16	50.60	38.58	32.77	40.24	35.89	30.10	26.89	44.52
Cash Conversion Cycle (CCC)	5.64	5.79	-1.90	8.70	13.83	4.74	9.09	13.41	18.15	1.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,670	2,702	2,859	2,830	2,793	2,808	2,935	2,906	2,876	3,013
Invested Capital Turnover	0.35	0.33	0.29	0.29	0.30	0.31	0.30	0.31	0.31	0.31
Increase / (Decrease) in Invested Capital	-54	-2.61	-27	84	123	106	76	76	83	205
Enterprise Value (EV)	2,938	3,145	3,312	3,342	3,315	3,604	3,775	3,617	3,436	3,647
Market Capitalization	1,082	1,277	1,306	1,378	1,400	1,660	1,729	1,596	1,469	1,532
Book Value per Share	$109.85	$112.97	$115.65	$116.83	$118.82	$120.24	$122.98	$121.87	$125.53	$127.88
Tangible Book Value per Share	($2.35)	$3.55	$8.41	($1.83)	$1.75	$4.83	$8.15	$9.82	$14.58	$17.41
Total Capital	3,051	3,275	3,262	3,173	3,182	3,149	3,166	3,240	3,168	3,413
Total Debt	2,120	2,338	2,311	2,206	2,218	2,176	2,175	2,238	2,178	2,404
Total Long-Term Debt	2,120	2,338	2,311	2,206	2,218	2,176	2,175	2,238	2,178	2,404
Net Debt	1,725	1,749	1,893	1,848	1,813	1,835	1,927	1,887	1,866	2,004
Capital Expenditures (CapEx)	1.13	1.09	1.45	1.10	3.89	2.38	1.92	1.33	0.41	1.92
Debt-free, Cash-free Net Working Capital (DFCFNWC)	52	50	45	50	57	53	56	58	63	68
Debt-free Net Working Capital (DFNWC)	447	639	463	408	463	394	303	409	374	468
Net Working Capital (NWC)	447	639	463	408	463	394	303	409	374	468
Net Nonoperating Expense (NNE)	4.20	-5.22	-12	-1.50	-4.12	-9.54	-12	4.43	-7.30	-5.25
Net Nonoperating Obligations (NNO)	1,740	1,765	1,908	1,863	1,829	1,835	1,944	1,904	1,885	2,004
Total Depreciation and Amortization (D&A)	17	23	16	18	18	19	18	18	16	19
Debt-free, Cash-free Net Working Capital to Revenue	5.41%	5.67%	5.35%	6.13%	6.93%	6.27%	6.39%	6.63%	7.04%	7.47%
Debt-free Net Working Capital to Revenue	46.86%	72.14%	55.62%	49.75%	55.79%	46.62%	34.88%	46.47%	42.17%	51.60%
Net Working Capital to Revenue	46.86%	72.14%	55.62%	49.75%	55.79%	46.62%	34.88%	46.47%	42.17%	51.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.33	$4.85	$5.33	$4.14	$4.26	$4.29	$4.19	$2.47	$5.80	$4.73
Adjusted Weighted Average Basic Shares Outstanding	7.31M	7.39M	7.25M	7.31M	7.26M	7.25M	7.12M	7.13M	7.07M	7.08M
Adjusted Diluted Earnings per Share	$4.25	$4.74	$5.21	$4.10	$4.19	$4.21	$4.10	$2.43	$5.71	$4.65
Adjusted Weighted Average Diluted Shares Outstanding	7.46M	7.58M	7.41M	7.39M	7.38M	7.38M	7.29M	7.24M	7.18M	7.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.23M	7.18M	7.29M	7.26M	7.18M	7.09M	7.13M	7.08M	7.02M	6.97M
Normalized Net Operating Profit after Tax (NOPAT)	32	21	23	24	35	29	27	29	39	34
Normalized NOPAT Margin	15.04%	10.39%	11.54%	11.09%	15.76%	13.54%	12.09%	12.77%	17.08%	14.65%
Pre Tax Income Margin	18.15%	19.72%	21.91%	19.24%	22.96%	24.14%	21.03%	16.83%	28.59%	25.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.81	0.81	0.70	0.85	1.01	0.80	0.72	0.94	1.27	1.11
NOPAT to Interest Expense	1.32	0.54	0.57	0.64	0.77	0.59	0.57	0.64	0.95	0.74
EBIT Less CapEx to Interest Expense	1.77	0.79	0.67	0.83	0.93	0.76	0.68	0.91	1.26	1.06
NOPAT Less CapEx to Interest Expense	1.27	0.52	0.53	0.61	0.68	0.54	0.53	0.61	0.94	0.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.09%	49.50%	49.12%	41.42%	37.93%	32.49%	20.96%	23.12%	21.06%	16.60%
Augmented Payout Ratio	109.62%	133.91%	107.85%	66.82%	65.11%	64.30%	55.52%	60.48%	55.63%	46.03%

Frequently Asked Questions About Virtus Investment Partners' Financials

When does Virtus Investment Partners's fiscal year end?

According to the most recent income statement we have on file, Virtus Investment Partners' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Virtus Investment Partners' net income changed over the last 10 years?

Virtus Investment Partners' net income appears to be on an upward trend, with a most recent value of $152.45 million in 2024, rising from $96.97 million in 2014. The previous period was $141.48 million in 2023.

What is Virtus Investment Partners's operating income?

Virtus Investment Partners's total operating income in 2024 was $182.49 million, based on the following breakdown:

Total Gross Profit: $474.36 million
Total Operating Expenses: $291.87 million

How has Virtus Investment Partners revenue changed over the last 10 years?

Over the last 10 years, Virtus Investment Partners' total revenue changed from $450.60 million in 2014 to $906.95 million in 2024, a change of 101.3%.

How much debt does Virtus Investment Partners have?

Virtus Investment Partners' total liabilities were at $2.99 billion at the end of 2024, a 10.4% increase from 2023, and a 2,557.4% increase since 2014.

How much cash does Virtus Investment Partners have?

In the past 10 years, Virtus Investment Partners' cash and equivalents has ranged from $82.69 million in 2016 to $588.54 million in 2022, and is currently $399.58 million as of their latest financial filing in 2024.

How has Virtus Investment Partners' book value per share changed over the last 10 years?

Over the last 10 years, Virtus Investment Partners' book value per share changed from 62.20 in 2014 to 127.88 in 2024, a change of 105.6%.

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This page (NASDAQ:VRTS) was last updated on 4/18/2025 by MarketBeat.com Staff

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Virtus Investment Partners (VRTS) Financials

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