Virtus Investment Partners (VRTS) Financials

$171.33 -5.25 (-2.97%)

Closing price 05/21/2025 03:59 PM Eastern

Extended Trading

$171.03 -0.30 (-0.18%)

As of 05/21/2025 04:34 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	122	131	118	208	80	87	67	29	49	35	98
Consolidated Net Income / (Loss)	152	141	107	263	120	106	76	40	49	31	97
Net Income / (Loss) Continuing Operations	152	141	107	263	120	106	76	40	49	31	97
Total Pre-Tax Income	208	187	164	354	164	141	109	80	70	68	136
Total Operating Income	182	151	197	325	143	125	113	58	51	80	131
Total Gross Profit	474	441	515	621	337	323	314	234	187	245	311
Total Revenue	907	845	886	979	604	563	552	426	323	382	451
Operating Revenue	907	845	886	979	604	563	552	426	323	382	451
Total Cost of Revenue	433	405	371	358	267	241	239	191	136	137	140
Operating Cost of Revenue	433	405	371	358	267	241	239	191	136	137	140
Total Operating Expenses	292	289	318	296	193	198	201	176	136	165	180
Selling, General & Admin Expense	135	130	131	94	80	78	78	78	57	68	50
Depreciation Expense	8.96	5.80	3.92	3.90	4.66	4.99	4.60	3.50	3.09	3.44	2.76
Amortization Expense	56	61	59	44	30	30	25	12	2.46	3.30	3.78
Other Operating Expenses / (Income)	96	97	113	141	77	82	92	72	69	90	124
Restructuring Charge	1.49	0.82	4.02	0.00	1.16	2.30	0.09	11	4.27	0.00	0.29
Other Special Charges / (Income)	-5.61	-5.51	8.02	12	0.00	0.00	-	-	-	-	-
Total Other Income / (Expense), net	25	35	-34	28	21	16	-4.06	22	19	-13	5.59
Interest Expense	183	179	93	70	97	111	84	47	12	1.01	0.54
Interest & Investment Income	207	214	60	94	116	125	77	68	30	-13	5.24
Other Income / (Expense), net	2.04	-0.44	-0.15	4.23	1.88	2.41	3.29	1.64	1.09	0.90	0.89
Income Tax Expense	55	45	57	91	44	35	33	40	21	37	39
Net Income / (Loss) Attributable to Noncontrolling Interest	31	11	-11	55	40	9.86	0.55	2.93	0.26	-4.44	-0.74
Basic Earnings per Share	$17.19	$18.02	$15.90	$27.13	$10.49	$12.54	$9.37	$4.09	$6.34	$3.99	$10.75
Weighted Average Basic Shares Outstanding	7.08M	7.25M	7.39M	7.67M	7.62M	6.96M	7.17M	7.01M	7.65M	8.80M	9.09M
Diluted Earnings per Share	$16.89	$17.71	$15.50	$26.01	$10.02	$11.74	$8.86	$3.96	$6.20	$3.92	$10.51
Weighted Average Diluted Shares Outstanding	7.21M	7.38M	7.58M	8.00M	7.98M	8.15M	8.53M	7.25M	7.82M	8.96M	9.29M
Weighted Average Basic & Diluted Shares Outstanding	6.97M	7.09M	7.18M	7.51M	7.58M	7.72M	7.01M	7.17M	6.82M	8.41M	8.98M
Cash Dividends to Common per Share	$8.30	$7.10	$6.30	$4.64	$2.98	$2.44	$2.00	$1.80	$1.80	$1.80	$1.35

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	33	41	18	30	31	31	30	39	35	32
Consolidated Net Income / (Loss)	39	49	26	38	38	38	30	35	26	27
Net Income / (Loss) Continuing Operations	39	49	26	38	38	38	30	35	22	31
Total Pre-Tax Income	59	65	38	47	52	50	41	43	39	38
Total Operating Income	51	55	44	32	39	45	39	29	31	44
Total Gross Profit	127	121	119	107	115	118	109	99	111	122
Total Revenue	233	227	224	222	215	219	214	198	198	210
Operating Revenue	233	227	224	222	215	219	214	198	198	210
Total Cost of Revenue	106	106	106	115	100	102	105	99	88	88
Operating Cost of Revenue	106	106	106	115	100	102	105	99	88	88
Total Operating Expenses	77	66	75	75	76	73	70	71	83	74
Selling, General & Admin Expense	36	31	36	32	34	31	34	31	34	32
Depreciation Expense	2.33	2.33	2.27	2.03	1.67	1.50	1.49	1.15	1.09	0.94
Amortization Expense	13	13	15	15	15	15	16	14	15	15
Other Operating Expenses / (Income)	24	24	24	24	23	24	25	24	24	27
Total Other Income / (Expense), net	7.79	9.64	-6.44	14	13	5.43	2.04	15	7.91	-5.85
Interest Expense	46	44	48	46	49	44	45	40	38	24
Interest & Investment Income	54	53	41	60	61	50	48	55	46	19
Other Income / (Expense), net	0.34	0.55	0.60	0.55	0.62	0.13	-0.85	-0.34	-0.35	-0.66
Income Tax Expense	19	16	12	8.83	13	12	11	8.70	13	11
Net Income / (Loss) Attributable to Noncontrolling Interest	6.17	8.12	8.41	8.01	7.67	7.25	-0.08	-3.98	-9.57	-4.27
Basic Earnings per Share	$4.73	$5.80	$2.47	$4.19	$4.29	$4.26	$4.14	$5.33	$4.85	$4.33
Weighted Average Basic Shares Outstanding	7.08M	7.07M	7.13M	7.12M	7.25M	7.26M	7.31M	7.25M	7.39M	7.31M
Diluted Earnings per Share	$4.65	$5.71	$2.43	$4.10	$4.21	$4.19	$4.10	$5.21	$4.74	$4.25
Weighted Average Diluted Shares Outstanding	7.21M	7.18M	7.24M	7.29M	7.38M	7.38M	7.39M	7.41M	7.58M	7.46M
Weighted Average Basic & Diluted Shares Outstanding	6.97M	7.02M	7.08M	7.13M	7.09M	7.18M	7.26M	7.29M	7.18M	7.23M

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

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	88	-39	103	-93	-65	48	-60	-171	194	37
Net Cash From Operating Activities	-103	69	70	-35	7.32	128	145	-43	-22	117
Net Cash From Continuing Operating Activities	-103	69	70	-35	7.32	128	145	-43	-22	117
Net Income / (Loss) Continuing Operations	39	49	26	38	38	38	30	35	26	27
Consolidated Net Income / (Loss)	39	49	26	38	38	38	30	35	26	27
Depreciation Expense	16	16	18	18	18	18	18	16	20	16
Amortization Expense	2.64	-	-	-	1.69	-	-	-	2.22	0.95
Non-Cash Adjustments To Reconcile Net Income	-198	-42	5.81	26	-99	52	52	8.80	-105	34
Changes in Operating Assets and Liabilities, net	37	45	18	-116	49	20	45	-103	34	39
Net Cash From Investing Activities	-12	-1.02	-1.34	-2.46	-2.38	-4.11	-110	-13	-1.72	-1.31
Net Cash From Continuing Investing Activities	-12	-1.02	-1.34	-2.46	-2.38	-4.11	-110	-13	-1.72	-1.31
Purchase of Property, Plant & Equipment	-1.92	-0.41	-1.33	-1.92	-2.38	-3.89	-1.10	-1.45	-1.09	-1.13
Other Investing Activities, net	-10	-0.61	-0.01	-0.54	-	-0.22	-	-0.05	-	-
Net Cash From Financing Activities	204	-108	34	-56	-70	-75	-96	-115	217	-79
Net Cash From Continuing Financing Activities	204	-108	34	-56	-70	-75	-96	-115	217	-79
Repayment of Debt	-54	-55	-678	-18	-173	-163	-125	-62	-63	-48
Repurchase of Common Equity	-13	-15	-12	-5.00	-20	-15	-10	0.00	-10	-10
Payment of Dividends	-6.94	-7.92	-12	1.84	-14	-8.51	-10	-14	-16	-8.55
Issuance of Debt	278	-	-	-	137	132	-	-	306	-
Other Financing Activities, net	-0.41	-29	-0.59	-35	-0.34	-21	-1.01	-39	-0.38	-12
Effect of Exchange Rate Changes	-1.12	0.76	0.10	-0.20	0.59	-0.45	0.20	0.18	0.54	-0.34

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	3,994	3,679	3,953	3,934	3,467	3,205	2,871	2,591	824	860	699
Total Current Assets	518	450	688	710	424	396	324	198	119	146	325
Cash & Equivalents	400	340	589	586	333	321	254	132	83	97	203
Restricted Cash	0.73	0.68	0.64	0.60	6.36	-	-	-	-	10	8.23
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	0.00	63
Accounts Receivable	117	109	99	124	84	74	70	66	36	39	50
Plant, Property, & Equipment, net	23	26	19	13	14	18	20	11	7.73	9.12	7.19
Total Noncurrent Assets	3,454	3,202	3,245	3,212	3,028	2,791	2,527	2,382	698	448	367
Goodwill	397	397	349	338	290	290	290	170	6.79	6.70	5.26
Intangible Assets	378	432	443	501	280	310	339	302	38	41	42
Noncurrent Deferred & Refundable Income Taxes	23	25	23	19	9.54	16	22	32	48	54	60
Other Noncurrent Operating Assets	2,656	2,348	2,431	2,353	2,448	2,174	1,875	1,878	605	23	23
Total Liabilities & Shareholders' Equity	3,994	3,679	3,953	3,934	3,467	3,205	2,871	2,591	824	860	699
Total Liabilities	2,986	2,705	3,016	2,959	2,630	2,455	2,169	1,981	465	276	112
Total Current Liabilities	49	56	49	63	34	32	36	36	29	27	91
Accounts Payable	49	56	33	48	25	23	28	30	25	23	32
Total Noncurrent Liabilities	2,936	2,649	2,967	2,895	2,596	2,422	2,133	1,945	437	249	22
Long-Term Debt	2,404	2,176	2,338	2,300	2,392	2,112	1,949	1,706	359	153	0.00
Noncurrent Employee Benefit Liabilities	225	201	182	187	123	101	93	87	48	50	-
Other Noncurrent Operating Liabilities	308	273	447	408	82	209	91	153	30	47	22
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	107	105	114	139	116	64	57	4.18	37	74	23
Total Equity & Noncontrolling Interests	902	868	823	837	721	686	644	605	322	509	563
Total Preferred & Common Equity	897	864	817	828	711	676	630	589	322	510	564
Total Common Equity	897	864	817	828	711	565	519	478	322	510	564
Common Stock	1,319	1,301	1,286	1,277	1,298	1,199	1,210	1,216	1,090	1,141	1,149
Retained Earnings	268	207	130	61	-135	-215	-311	-386	-424	-473	-508
Treasury Stock	-690	-644	-599	-509	-452	-419	-379	-352	-344	-158	-78
Accumulated Other Comprehensive Income / (Loss)	-0.36	-0.09	-0.36	0.02	0.03	0.01	-0.73	-0.60	-0.22	-1.03	-0.24
Noncontrolling Interest	4.14	4.36	5.92	8.35	9.80	11	14	17	0.00	-0.17	-0.19

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,602	3,648	3,548	3,765	3,646	3,698	3,546
Total Current Assets	424	456	364	512	462	516	500
Cash & Equivalents	310	350	247	405	357	417	395
Restricted Cash	1.42	0.96	0.77	-	0.69	0.74	0.59
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	-	-
Accounts Receivable	112	106	116	107	104	98	105
Plant, Property, & Equipment, net	23	25	26	26	23	19	19
Total Noncurrent Assets	3,154	3,166	3,158	3,228	3,160	3,163	3,026
Goodwill	397	397	397	397	397	349	349
Intangible Assets	389	402	417	452	468	428	467
Noncurrent Deferred & Refundable Income Taxes	28	24	24	24	23	22	25
Other Noncurrent Operating Assets	2,341	2,343	2,320	2,355	2,272	2,364	2,185
Total Liabilities & Shareholders' Equity	3,602	3,648	3,548	3,765	3,646	3,698	3,546
Total Liabilities	2,611	2,646	2,557	2,801	2,679	2,747	2,616
Total Current Liabilities	50	47	61	50	54	53	53
Accounts Payable	30	30	44	33	39	39	38
Dividends Payable	20	17	17	17	15	15	15
Total Noncurrent Liabilities	2,561	2,599	2,496	2,752	2,625	2,694	2,563
Long-Term Debt	2,178	2,238	2,175	2,218	2,206	2,311	2,120
Noncurrent Employee Benefit Liabilities	180	132	96	162	118	69	145
Other Noncurrent Operating Liabilities	204	229	225	372	301	314	297
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	98	129	115	96	110	107	124
Total Equity & Noncontrolling Interests	893	872	876	868	857	844	806
Total Preferred & Common Equity	889	869	872	862	852	838	799
Total Common Equity	889	869	872	862	852	838	799
Common Stock	1,314	1,304	1,298	1,296	1,287	1,282	1,282
Retained Earnings	251	227	223	191	174	156	107
Treasury Stock	-677	-662	-649	-624	-609	-599	-589
Accumulated Other Comprehensive Income / (Loss)	0.23	-0.20	-0.19	-0.37	-0.15	-0.26	-0.77
Noncontrolling Interest	3.68	3.44	4.35	5.45	5.20	6.38	6.73

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.30%	-4.64%	-9.48%	62.15%	7.22%	1.99%	29.75%	31.95%	-15.56%	-15.23%	15.77%
EBITDA Growth	15.84%	-18.02%	-30.25%	97.65%	13.15%	13.37%	79.90%	33.81%	-33.62%	-38.46%	15.69%
EBIT Growth	22.17%	-23.45%	-40.16%	127.33%	14.10%	9.22%	95.05%	14.96%	-36.14%	-38.25%	15.88%
NOPAT Growth	16.51%	-10.58%	-46.89%	130.84%	12.04%	18.52%	173.82%	-18.81%	-2.61%	-60.81%	29.48%
Net Income Growth	7.76%	32.68%	-59.43%	119.10%	13.70%	38.68%	90.49%	-18.10%	58.99%	-68.37%	25.72%
EPS Growth	-4.63%	14.26%	-40.41%	159.58%	-14.65%	32.51%	123.74%	-36.13%	58.16%	-62.70%	17.83%
Operating Cash Flow Growth	-99.26%	78.76%	-80.07%	394.44%	-515.70%	41.29%	65.79%	-974.17%	109.99%	-255.74%	-304.15%
Free Cash Flow Firm Growth	-916.58%	-93.36%	-69.86%	279.30%	-370.48%	62.20%	91.04%	-176.70%	-978.14%	-54.73%	33.94%
Invested Capital Growth	7.30%	3.93%	-0.10%	-6.66%	13.62%	6.03%	9.83%	242.92%	1,107.98%	-33.14%	-36.48%
Revenue Q/Q Growth	2.13%	1.96%	-7.11%	10.70%	4.42%	1.44%	1.85%	12.76%	-1.91%	-6.38%	1.27%
EBITDA Q/Q Growth	4.38%	2.55%	-16.28%	13.76%	5.62%	4.27%	3.82%	31.88%	-5.95%	-19.46%	1.87%
EBIT Q/Q Growth	6.64%	6.12%	-21.30%	10.85%	10.42%	6.82%	1.46%	33.92%	-5.76%	-20.07%	2.71%
NOPAT Q/Q Growth	4.10%	7.88%	-22.88%	6.99%	18.32%	16.35%	11.81%	-8.67%	9.70%	-27.54%	-0.61%
Net Income Q/Q Growth	0.63%	9.83%	-25.33%	0.08%	36.43%	37.35%	-5.64%	-13.58%	14.78%	-29.40%	-8.02%
EPS Q/Q Growth	2.67%	-2.91%	-8.88%	3.13%	33.96%	30.88%	-3.49%	-25.00%	19.00%	-24.18%	-5.99%
Operating Cash Flow Q/Q Growth	-98.43%	14.20%	-66.57%	15.21%	27.99%	42.51%	65.34%	-123.01%	113.62%	-1,447.44%	40.85%
Free Cash Flow Firm Q/Q Growth	-254.98%	153.27%	-40.49%	-3.45%	-0.15%	37.25%	65.21%	-16.00%	14.20%	-63.35%	8.06%
Invested Capital Q/Q Growth	4.75%	0.52%	1.17%	-0.73%	-1.74%	-2.59%	-2.05%	9.88%	-1.59%	313.65%	-17.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.30%	52.12%	58.12%	63.42%	55.74%	57.30%	56.81%	55.03%	57.95%	64.11%	68.97%
EBITDA Margin	28.45%	26.36%	30.66%	39.79%	32.64%	30.93%	27.83%	20.07%	19.79%	25.18%	34.68%
Operating Margin	20.12%	17.92%	22.28%	33.24%	23.71%	22.14%	20.48%	13.64%	15.75%	21.04%	29.01%
EBIT Margin	20.35%	17.87%	22.26%	33.67%	24.02%	22.57%	21.08%	14.02%	16.09%	21.28%	29.21%
Profit (Net Income) Margin	16.81%	16.74%	12.03%	26.84%	19.86%	18.73%	13.78%	9.38%	15.12%	8.03%	21.52%
Tax Burden Percent	73.34%	75.83%	65.06%	74.32%	73.19%	75.00%	69.77%	49.66%	69.85%	45.34%	71.13%
Interest Burden Percent	112.65%	123.52%	83.06%	107.26%	113.00%	110.67%	93.69%	134.79%	134.50%	83.23%	103.57%
Effective Tax Rate	26.66%	24.17%	34.94%	25.68%	26.81%	25.00%	30.23%	50.34%	30.15%	54.66%	28.87%
Return on Invested Capital (ROIC)	4.60%	4.17%	4.75%	8.64%	3.85%	3.78%	3.44%	2.04%	10.27%	55.26%	91.38%
ROIC Less NNEP Spread (ROIC-NNEP)	5.57%	5.65%	3.50%	9.74%	4.63%	4.46%	3.26%	3.23%	-0.31%	56.37%	90.51%
Return on Net Nonoperating Assets (RNNOA)	10.78%	10.65%	6.40%	20.37%	11.28%	10.76%	8.17%	6.21%	0.08%	-50.01%	-74.09%
Return on Equity (ROE)	15.38%	14.82%	11.15%	29.01%	15.12%	14.54%	11.61%	8.25%	10.35%	5.24%	17.29%
Cash Return on Invested Capital (CROIC)	-2.44%	0.32%	4.85%	15.53%	-8.91%	-2.08%	-5.94%	-107.65%	-159.15%	94.98%	135.99%
Operating Return on Assets (OROA)	4.81%	3.96%	5.00%	8.91%	4.35%	4.18%	4.26%	3.49%	6.16%	10.43%	19.59%
Return on Assets (ROA)	3.97%	3.71%	2.70%	7.10%	3.60%	3.47%	2.79%	2.34%	5.79%	3.94%	14.43%
Return on Common Equity (ROCE)	13.67%	13.04%	9.60%	24.65%	12.16%	10.86%	8.83%	6.81%	9.13%	4.81%	16.29%
Return on Equity Simple (ROE_SIMPLE)	16.99%	16.38%	13.05%	31.73%	16.87%	15.61%	12.08%	6.79%	15.16%	6.02%	17.21%
Net Operating Profit after Tax (NOPAT)	134	115	128	242	105	94	79	29	35	36	93
NOPAT Margin	14.76%	13.59%	14.49%	24.70%	17.35%	16.61%	14.29%	6.77%	11.00%	9.54%	20.64%
Net Nonoperating Expense Percent (NNEP)	-0.97%	-1.48%	1.25%	-1.11%	-0.79%	-0.68%	0.17%	-1.20%	10.58%	-1.11%	0.87%
Return On Investment Capital (ROIC_SIMPLE)	4.05%	3.77%	4.06%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	47.70%	47.88%	41.88%	36.58%	44.26%	42.70%	43.19%	44.97%	42.05%	35.89%	31.03%
SG&A Expenses to Revenue	14.83%	15.39%	14.73%	9.57%	13.33%	13.92%	14.19%	18.31%	17.74%	17.81%	11.00%
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	32.18%	34.20%	35.84%	30.18%	32.03%	35.16%	36.33%	41.39%	42.19%	43.07%	39.96%
Earnings before Interest and Taxes (EBIT)	185	151	197	330	145	127	116	60	52	81	132
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	258	223	272	390	197	174	154	85	64	96	156
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.71	1.92	1.56	2.48	2.09	1.30	0.94	1.46	1.80	1.63	2.20
Price to Tangible Book Value (P/TBV)	12.54	47.84	49.75	0.00	10.57	0.00	0.00	124.08	2.09	1.79	2.40
Price to Revenue (P/Rev)	1.69	1.96	1.44	2.10	2.46	1.30	0.88	1.63	1.79	2.17	2.75
Price to Earnings (P/E)	12.58	12.71	10.86	9.88	18.57	8.42	7.26	24.26	11.92	23.61	12.68
Dividend Yield	3.64%	2.96%	3.48%	1.46%	1.45%	2.17%	2.79%	1.85%	1.83%	1.88%	0.66%
Earnings Yield	7.95%	7.87%	9.21%	10.12%	5.39%	11.88%	13.78%	4.12%	8.39%	4.24%	7.88%
Enterprise Value to Invested Capital (EV/IC)	1.21	1.28	1.16	1.45	1.26	1.06	0.98	1.10	1.40	11.81	9.49
Enterprise Value to Revenue (EV/Rev)	4.02	4.26	3.55	4.00	6.06	4.81	4.28	5.64	2.76	1.63	1.67
Enterprise Value to EBITDA (EV/EBITDA)	14.13	16.18	11.58	10.06	18.58	15.56	15.39	28.11	13.96	6.49	4.80
Enterprise Value to EBIT (EV/EBIT)	19.76	23.86	15.94	11.88	25.25	21.33	20.32	40.24	17.17	7.68	5.70
Enterprise Value to NOPAT (EV/NOPAT)	27.25	31.38	24.48	16.20	34.94	28.99	29.98	83.31	25.11	17.12	8.07
Enterprise Value to Operating Cash Flow (EV/OCF)	2,077.97	15.20	23.71	5.88	0.00	0.00	0.00	0.00	42.61	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	414.23	24.00	9.01	0.00	0.00	0.00	0.00	0.00	9.96	5.42
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.38	2.24	2.50	2.36	2.86	2.82	2.78	2.80	1.00	0.26	0.00
Long-Term Debt to Equity	2.38	2.24	2.50	2.36	2.86	2.82	2.78	2.80	1.00	0.26	0.00
Financial Leverage	1.94	1.88	1.83	2.09	2.43	2.41	2.51	1.92	-0.27	-0.89	-0.82
Leverage Ratio	3.87	4.00	4.12	4.08	4.21	4.19	4.17	3.53	1.79	1.33	1.20
Compound Leverage Factor	4.36	4.94	3.43	4.38	4.75	4.63	3.90	4.75	2.40	1.11	1.24
Debt to Total Capital	70.44%	69.09%	71.40%	70.22%	74.09%	73.80%	73.54%	73.68%	49.99%	20.74%	0.00%
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	70.44%	69.09%	71.40%	70.22%	74.09%	73.80%	73.54%	73.68%	49.99%	20.74%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	3.87%	4.18%	4.79%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.26%	3.47%	3.65%	4.50%	3.88%	2.60%	2.70%	0.90%	5.19%	10.01%	3.90%
Common Equity to Total Capital	26.30%	27.44%	24.95%	25.29%	22.03%	19.73%	19.58%	20.63%	44.82%	69.25%	96.10%
Debt to EBITDA	9.32	9.77	8.61	5.90	12.13	12.13	12.69	19.97	5.62	1.59	0.00
Net Debt to EBITDA	7.76	8.24	6.44	4.40	10.41	10.28	11.04	18.42	4.33	-2.90	0.00
Long-Term Debt to EBITDA	9.32	9.77	8.61	5.90	12.13	12.13	12.69	19.97	5.62	1.59	0.00
Debt to NOPAT	17.96	18.94	18.20	9.51	22.82	22.59	24.70	59.19	10.11	4.19	0.00
Net Debt to NOPAT	14.97	15.97	13.62	7.09	19.58	19.15	21.49	54.60	7.78	-7.64	0.00
Long-Term Debt to NOPAT	17.96	18.94	18.20	9.51	22.82	22.59	24.70	59.19	10.11	4.19	0.00
Altman Z-Score	0.92	0.94	0.88	1.16	0.73	0.53	0.43	0.32	0.75	1.95	7.27
Noncontrolling Interest Sharing Ratio	11.13%	11.98%	13.96%	15.05%	19.57%	25.32%	23.95%	17.45%	11.78%	8.26%	5.80%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	10.46	8.03	14.05	11.21	12.35	12.28	9.07	5.47	4.14	5.37	3.58
Quick Ratio	10.44	8.02	14.03	11.20	12.16	12.28	9.07	5.47	4.14	4.99	3.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-71	8.70	131	435	-243	-52	-136	-1,522	-550	63	138
Operating Cash Flow to CapEx	31.46%	2,688.55%	2,015.65%	11,403.37%	-21,678.14%	-486.08%	-533.88%	-12,101.85%	1,034.01%	-4,472.13%	-2,420.68%
Free Cash Flow to Firm to Interest Expense	-0.39	0.05	1.40	6.25	-2.49	-0.46	-1.62	-32.22	-45.96	62.21	257.69
Operating Cash Flow to Interest Expense	0.01	1.33	1.42	9.56	-2.32	-0.33	-0.74	-3.87	1.75	-207.97	-109.63
Operating Cash Flow Less CapEx to Interest Expense	-0.02	1.28	1.35	9.48	-2.33	-0.40	-0.88	-3.90	1.58	-212.62	-114.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.22	0.22	0.26	0.18	0.19	0.20	0.25	0.38	0.49	0.67
Accounts Receivable Turnover	8.02	8.11	7.94	9.40	7.61	7.81	8.14	8.38	8.64	8.63	9.02
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	37.07	37.29	55.98	72.46	37.01	29.41	35.64	45.86	38.30	46.84	62.53
Accounts Payable Turnover	8.20	9.07	9.09	9.70	10.99	9.39	8.29	6.99	5.63	5.02	4.54
Days Sales Outstanding (DSO)	45.53	44.98	45.94	38.83	47.94	46.72	44.84	43.53	42.23	42.27	40.46
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)	44.52	40.24	40.16	37.62	33.23	38.87	44.02	52.24	64.87	72.77	80.33
Cash Conversion Cycle (CCC)	1.01	4.74	5.79	1.21	14.71	7.84	0.82	-8.70	-22.64	-30.49	-39.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,013	2,808	2,702	2,704	2,897	2,550	2,405	2,190	638	53	79
Invested Capital Turnover	0.31	0.31	0.33	0.35	0.22	0.23	0.24	0.30	0.93	5.79	4.43
Increase / (Decrease) in Invested Capital	205	106	-2.61	-193	347	145	215	1,551	586	-26	-45
Enterprise Value (EV)	3,647	3,604	3,145	3,917	3,662	2,711	2,366	2,401	891	624	750
Market Capitalization	1,532	1,660	1,277	2,056	1,485	735	488	696	578	829	1,239
Book Value per Share	$127.88	$120.24	$112.97	$109.16	$93.41	$82.12	$72.63	$66.74	$54.63	$58.80	$62.20
Tangible Book Value per Share	$17.41	$4.83	$3.55	($1.41)	$18.46	($5.22)	($15.41)	$0.78	$46.95	$53.31	$57.01
Total Capital	3,413	3,149	3,275	3,276	3,228	2,862	2,651	2,315	718	736	586
Total Debt	2,404	2,176	2,338	2,300	2,392	2,112	1,949	1,706	359	153	0.00
Total Long-Term Debt	2,404	2,176	2,338	2,300	2,392	2,112	1,949	1,706	359	153	0.00
Net Debt	2,004	1,835	1,749	1,714	2,052	1,791	1,696	1,574	276	-278	-512
Capital Expenditures (CapEx)	5.58	8.82	6.58	5.84	1.04	7.56	12	1.51	2.02	4.68	2.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	68	53	50	61	50	42	34	30	7.22	11	-41
Debt-free Net Working Capital (DFNWC)	468	394	639	647	390	363	288	162	90	119	234
Net Working Capital (NWC)	468	394	639	647	390	363	288	162	90	119	234
Net Nonoperating Expense (NNE)	-19	-27	22	-21	-15	-12	2.83	-11	-13	5.77	-3.98
Net Nonoperating Obligations (NNO)	2,004	1,835	1,765	1,729	2,061	1,800	1,703	1,580	280	-530	-507
Total Depreciation and Amortization (D&A)	74	72	74	60	52	47	37	26	12	15	25
Debt-free, Cash-free Net Working Capital to Revenue	7.47%	6.27%	5.67%	6.18%	8.30%	7.44%	6.22%	6.93%	2.24%	3.01%	-9.10%
Debt-free Net Working Capital to Revenue	51.60%	46.62%	72.14%	66.04%	64.58%	64.52%	52.17%	37.98%	27.87%	31.21%	51.93%
Net Working Capital to Revenue	51.60%	46.62%	72.14%	66.04%	64.58%	64.52%	52.17%	37.98%	27.87%	31.21%	51.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$17.19	$18.02	$15.90	$27.13	$10.49	$12.54	$9.37	$4.09	$6.34	$3.99	$10.75
Adjusted Weighted Average Basic Shares Outstanding	7.08M	7.25M	7.39M	7.67M	7.62M	6.96M	7.17M	7.01M	7.65M	8.80M	9.09M
Adjusted Diluted Earnings per Share	$16.89	$17.71	$15.50	$26.01	$10.02	$11.74	$8.86	$3.96	$6.20	$3.92	$10.51
Adjusted Weighted Average Diluted Shares Outstanding	7.21M	7.38M	7.58M	8.00M	7.98M	8.15M	8.53M	7.25M	7.82M	8.96M	9.29M
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	6.97M	7.09M	7.18M	7.51M	7.58M	7.72M	7.01M	7.17M	6.82M	8.41M	8.98M
Normalized Net Operating Profit after Tax (NOPAT)	131	111	136	251	106	95	79	48	38	56	93
Normalized NOPAT Margin	14.42%	13.17%	15.38%	25.64%	17.49%	16.91%	14.30%	11.29%	11.93%	14.73%	20.68%
Pre Tax Income Margin	22.92%	22.07%	18.49%	36.12%	27.14%	24.98%	19.75%	18.90%	21.64%	17.71%	30.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.01	0.84	2.11	4.73	1.49	1.14	1.38	1.26	4.34	80.71	245.09
NOPAT to Interest Expense	0.73	0.64	1.38	3.47	1.08	0.84	0.94	0.61	2.97	36.19	173.16
EBIT Less CapEx to Interest Expense	0.98	0.80	2.04	4.65	1.48	1.07	1.24	1.23	4.17	76.06	240.56
NOPAT Less CapEx to Interest Expense	0.70	0.59	1.30	3.39	1.07	0.77	0.80	0.58	2.80	31.54	168.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.60%	32.49%	49.50%	13.20%	26.80%	16.61%	36.66%	-28.08%	28.25%	-129.29%	-21.11%
Augmented Payout Ratio	46.03%	64.30%	133.91%	35.07%	53.89%	54.53%	72.80%	-9.29%	507.62%	131.55%	20.41%

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.81%	3.54%	5.08%	12.21%	8.17%	4.29%	-5.22%	-21.62%	-25.50%	-16.58%
EBITDA Growth	18.33%	14.79%	12.27%	14.28%	10.34%	4.32%	-24.69%	-46.40%	-49.69%	-43.94%
EBIT Growth	29.02%	23.93%	17.29%	16.36%	28.21%	3.86%	-33.27%	-57.11%	-63.38%	-54.01%
NOPAT Growth	18.14%	22.83%	6.20%	14.69%	40.46%	7.66%	9.10%	-50.25%	-64.44%	-54.04%
Net Income Growth	2.50%	28.70%	-13.78%	9.31%	49.02%	39.17%	111.66%	-11.44%	-58.34%	-62.19%
EPS Growth	10.45%	36.28%	-40.73%	-21.31%	-11.18%	-1.41%	79.04%	23.46%	-24.16%	-42.26%
Operating Cash Flow Growth	-1,505.04%	-45.88%	-51.77%	19.63%	132.99%	8.97%	21.49%	47.47%	-109.16%	-36.46%
Free Cash Flow Firm Growth	-121.04%	53.91%	17.15%	-200.61%	-432.49%	-204.09%	-143.27%	267.27%	-90.75%	-70.91%
Invested Capital Growth	7.30%	2.96%	2.69%	2.67%	3.93%	4.60%	3.05%	-0.94%	-0.10%	-1.97%
Revenue Q/Q Growth	2.85%	1.18%	1.05%	3.47%	-2.14%	2.69%	7.92%	-0.25%	-5.65%	-6.68%
EBITDA Q/Q Growth	-3.15%	14.17%	23.82%	-13.57%	-6.05%	11.67%	26.02%	-16.55%	-11.18%	-19.38%
EBIT Q/Q Growth	-8.50%	24.56%	36.36%	-16.98%	-12.11%	17.89%	35.28%	-8.53%	-28.80%	-24.25%
NOPAT Q/Q Growth	-18.18%	37.28%	16.26%	-9.53%	-14.92%	18.68%	25.56%	10.80%	-34.79%	20.27%
Net Income Q/Q Growth	-19.64%	88.70%	-31.28%	-1.64%	0.90%	26.42%	-12.88%	34.09%	-5.76%	92.26%
EPS Q/Q Growth	-18.56%	134.98%	-40.73%	-2.61%	0.48%	2.20%	-21.31%	9.92%	11.53%	85.59%
Operating Cash Flow Q/Q Growth	-248.70%	-1.17%	302.60%	-571.89%	-94.27%	-11.92%	437.64%	-93.68%	-118.92%	-1.80%
Free Cash Flow Firm Q/Q Growth	-317.13%	10.15%	9.40%	46.82%	13.02%	-61.51%	-210.03%	115.12%	-72.77%	-32.86%
Invested Capital Q/Q Growth	4.75%	-1.02%	-1.00%	3.89%	0.52%	-1.29%	-1.01%	5.81%	1.17%	-2.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.52%	53.51%	52.91%	48.13%	53.47%	53.67%	50.97%	50.16%	55.80%	58.04%
EBITDA Margin	29.92%	31.77%	28.15%	22.98%	27.51%	28.66%	26.35%	22.56%	26.97%	28.65%
Operating Margin	21.72%	24.34%	19.70%	14.55%	18.15%	20.48%	18.29%	14.44%	15.74%	20.93%
EBIT Margin	21.87%	24.58%	19.97%	14.80%	18.44%	20.54%	17.89%	14.27%	15.56%	20.62%
Profit (Net Income) Margin	16.90%	21.63%	11.60%	17.05%	17.94%	17.40%	14.13%	17.51%	13.02%	13.04%
Tax Burden Percent	67.44%	75.66%	68.90%	81.09%	74.33%	75.80%	73.45%	79.92%	66.03%	71.83%
Interest Burden Percent	114.58%	116.30%	84.30%	142.13%	130.86%	111.78%	107.57%	153.51%	126.75%	88.03%
Effective Tax Rate	32.56%	24.34%	31.10%	18.91%	25.67%	24.20%	26.55%	20.08%	33.97%	28.17%
Return on Invested Capital (ROIC)	4.57%	5.77%	4.17%	3.54%	4.14%	4.71%	3.95%	3.34%	3.41%	5.32%
ROIC Less NNEP Spread (ROIC-NNEP)	4.84%	6.16%	3.93%	4.15%	4.67%	4.94%	4.03%	3.96%	3.71%	5.08%
Return on Net Nonoperating Assets (RNNOA)	9.37%	11.71%	7.52%	8.22%	8.80%	9.31%	7.81%	7.92%	6.77%	9.47%
Return on Equity (ROE)	13.94%	17.48%	11.69%	11.77%	12.94%	14.02%	11.76%	11.27%	10.18%	14.79%
Cash Return on Invested Capital (CROIC)	-2.44%	1.62%	1.56%	1.44%	0.32%	-0.60%	0.74%	4.71%	4.85%	8.17%
Operating Return on Assets (OROA)	5.17%	5.93%	4.82%	3.55%	4.09%	4.66%	4.08%	3.21%	3.50%	5.37%
Return on Assets (ROA)	4.00%	5.21%	2.80%	4.09%	3.97%	3.95%	3.22%	3.94%	2.93%	3.40%
Return on Common Equity (ROCE)	12.39%	15.66%	10.21%	10.36%	11.39%	12.30%	10.14%	9.74%	8.76%	12.66%
Return on Equity Simple (ROE_SIMPLE)	0.00%	17.04%	16.18%	16.60%	0.00%	14.94%	13.87%	12.19%	0.00%	17.87%
Net Operating Profit after Tax (NOPAT)	34	42	30	26	29	34	29	23	21	32
NOPAT Margin	14.65%	18.42%	13.57%	11.80%	13.49%	15.52%	13.43%	11.54%	10.39%	15.04%
Net Nonoperating Expense Percent (NNEP)	-0.27%	-0.39%	0.24%	-0.61%	-0.53%	-0.23%	-0.08%	-0.62%	-0.30%	0.24%
Return On Investment Capital (ROIC_SIMPLE)	1.03%	-	-	-	0.95%	-	-	-	0.65%	-
Cost of Revenue to Revenue	45.48%	46.49%	47.09%	51.87%	46.53%	46.33%	49.03%	49.84%	44.20%	41.96%
SG&A Expenses to Revenue	15.27%	13.58%	16.03%	14.44%	15.74%	14.16%	15.85%	15.88%	17.29%	15.05%
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	32.79%	29.17%	33.21%	33.59%	35.32%	33.19%	32.69%	35.72%	42.09%	35.19%
Earnings before Interest and Taxes (EBIT)	51	56	45	33	40	45	38	28	31	43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	70	72	63	51	59	63	56	45	54	60
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.71	1.65	1.84	1.98	1.92	1.62	1.62	1.56	1.56	1.35
Price to Tangible Book Value (P/TBV)	12.54	14.22	22.81	29.92	47.84	110.55	0.00	21.43	49.75	0.00
Price to Revenue (P/Rev)	1.69	1.65	1.81	1.99	1.96	1.69	1.68	1.57	1.44	1.13
Price to Earnings (P/E)	12.58	12.31	14.62	14.18	12.71	10.36	10.14	10.61	10.86	8.20
Dividend Yield	3.64%	3.67%	3.28%	2.91%	2.96%	3.42%	3.41%	3.49%	3.48%	4.03%
Earnings Yield	7.95%	8.12%	6.84%	7.05%	7.87%	9.65%	9.86%	9.42%	9.21%	12.20%
Enterprise Value to Invested Capital (EV/IC)	1.21	1.19	1.24	1.29	1.28	1.19	1.18	1.16	1.16	1.10
Enterprise Value to Revenue (EV/Rev)	4.02	3.87	4.11	4.34	4.26	4.00	4.08	3.98	3.55	3.08
Enterprise Value to EBITDA (EV/EBITDA)	14.13	13.90	15.20	16.72	16.18	15.26	15.57	14.76	11.58	9.05
Enterprise Value to EBIT (EV/EBIT)	19.76	19.86	22.29	24.25	23.86	23.29	23.76	20.74	15.94	11.72
Enterprise Value to NOPAT (EV/NOPAT)	27.25	26.72	29.94	31.93	31.38	31.13	32.04	30.59	24.48	17.64
Enterprise Value to Operating Cash Flow (EV/OCF)	2,077.97	30.71	21.21	15.37	15.20	15.96	16.95	19.32	23.71	7.40
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	74.95	80.74	90.32	414.23	0.00	161.81	24.46	24.00	13.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.38	2.20	2.23	2.19	2.24	2.30	2.28	2.43	2.50	2.28
Long-Term Debt to Equity	2.38	2.20	2.23	2.19	2.24	2.30	2.28	2.43	2.50	2.28
Financial Leverage	1.94	1.90	1.91	1.98	1.88	1.88	1.94	2.00	1.83	1.86
Leverage Ratio	3.87	3.77	3.70	3.73	4.00	3.86	3.79	3.87	4.12	3.89
Compound Leverage Factor	4.44	4.38	3.12	5.30	5.23	4.31	4.07	5.94	5.23	3.42
Debt to Total Capital	70.44%	68.73%	69.08%	68.70%	69.09%	69.71%	69.52%	70.85%	71.40%	69.50%
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	70.44%	68.73%	69.08%	68.70%	69.09%	69.71%	69.52%	70.85%	71.40%	69.50%
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	3.26%	3.21%	4.10%	3.78%	3.47%	3.20%	3.64%	3.46%	3.65%	4.30%
Common Equity to Total Capital	26.30%	28.06%	26.82%	27.53%	27.44%	27.10%	26.84%	25.69%	24.95%	26.20%
Debt to EBITDA	9.32	8.81	9.41	9.63	9.77	10.21	10.28	10.30	8.61	6.53
Net Debt to EBITDA	7.76	7.55	7.93	8.53	8.24	8.34	8.61	8.44	6.44	5.31
Long-Term Debt to EBITDA	9.32	8.81	9.41	9.63	9.77	10.21	10.28	10.30	8.61	6.53
Debt to NOPAT	17.96	16.94	18.53	18.39	18.94	20.83	21.15	21.34	18.20	12.73
Net Debt to NOPAT	14.97	14.51	15.62	16.30	15.97	17.02	17.72	17.48	13.62	10.35
Long-Term Debt to NOPAT	17.96	16.94	18.53	18.39	18.94	20.83	21.15	21.34	18.20	12.73
Altman Z-Score	0.81	0.86	0.87	0.87	0.84	0.78	0.77	0.74	0.74	0.75
Noncontrolling Interest Sharing Ratio	11.13%	10.41%	12.62%	11.97%	11.98%	12.29%	13.79%	13.56%	13.96%	14.43%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	10.46	8.55	9.66	5.98	8.03	10.33	8.56	9.67	14.05	9.42
Quick Ratio	10.44	8.52	9.64	5.97	8.02	10.33	8.55	9.65	14.03	9.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-171	-41	-46	-50	-77	-89	-55	50	23	85
Operating Cash Flow to CapEx	-5,351.74%	16,986.49%	5,267.70%	-1,795.53%	307.05%	3,284.11%	13,186.09%	-2,966.78%	-2,040.48%	10,338.54%
Free Cash Flow to Firm to Interest Expense	-3.70	-0.93	-0.96	-1.10	-1.57	-2.00	-1.22	1.24	0.61	3.57
Operating Cash Flow to Interest Expense	-2.23	1.58	1.47	-0.76	0.15	2.87	3.23	-1.07	-0.59	4.90
Operating Cash Flow Less CapEx to Interest Expense	-2.27	1.57	1.44	-0.80	0.10	2.79	3.20	-1.10	-0.61	4.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.24	0.24	0.24	0.22	0.23	0.23	0.22	0.22	0.26
Accounts Receivable Turnover	8.02	8.10	8.39	8.11	8.11	7.83	7.72	7.49	7.94	8.24
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	37.07	36.37	36.39	38.19	37.29	37.06	38.82	44.27	55.98	60.27
Accounts Payable Turnover	8.20	13.57	12.13	10.17	9.07	11.14	9.46	7.21	9.09	9.44
Days Sales Outstanding (DSO)	45.53	45.04	43.51	44.98	44.98	46.60	47.29	48.70	45.94	44.30
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)	44.52	26.89	30.10	35.89	40.24	32.77	38.58	50.60	40.16	38.67
Cash Conversion Cycle (CCC)	1.01	18.15	13.41	9.09	4.74	13.83	8.70	-1.90	5.79	5.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,013	2,876	2,906	2,935	2,808	2,793	2,830	2,859	2,702	2,670
Invested Capital Turnover	0.31	0.31	0.31	0.30	0.31	0.30	0.29	0.29	0.33	0.35
Increase / (Decrease) in Invested Capital	205	83	76	76	106	123	84	-27	-2.61	-54
Enterprise Value (EV)	3,647	3,436	3,617	3,775	3,604	3,315	3,342	3,312	3,145	2,938
Market Capitalization	1,532	1,469	1,596	1,729	1,660	1,400	1,378	1,306	1,277	1,082
Book Value per Share	$127.88	$125.53	$121.87	$122.98	$120.24	$118.82	$116.83	$115.65	$112.97	$109.85
Tangible Book Value per Share	$17.41	$14.58	$9.82	$8.15	$4.83	$1.75	($1.83)	$8.41	$3.55	($2.35)
Total Capital	3,413	3,168	3,240	3,166	3,149	3,182	3,173	3,262	3,275	3,051
Total Debt	2,404	2,178	2,238	2,175	2,176	2,218	2,206	2,311	2,338	2,120
Total Long-Term Debt	2,404	2,178	2,238	2,175	2,176	2,218	2,206	2,311	2,338	2,120
Net Debt	2,004	1,866	1,887	1,927	1,835	1,813	1,848	1,893	1,749	1,725
Capital Expenditures (CapEx)	1.92	0.41	1.33	1.92	2.38	3.89	1.10	1.45	1.09	1.13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	68	63	58	56	53	57	50	45	50	52
Debt-free Net Working Capital (DFNWC)	468	374	409	303	394	463	408	463	639	447
Net Working Capital (NWC)	468	374	409	303	394	463	408	463	639	447
Net Nonoperating Expense (NNE)	-5.25	-7.30	4.43	-12	-9.54	-4.12	-1.50	-12	-5.22	4.20
Net Nonoperating Obligations (NNO)	2,004	1,885	1,904	1,944	1,835	1,829	1,863	1,908	1,765	1,740
Total Depreciation and Amortization (D&A)	19	16	18	18	19	18	18	16	23	17
Debt-free, Cash-free Net Working Capital to Revenue	7.47%	7.04%	6.63%	6.39%	6.27%	6.93%	6.13%	5.35%	5.67%	5.41%
Debt-free Net Working Capital to Revenue	51.60%	42.17%	46.47%	34.88%	46.62%	55.79%	49.75%	55.62%	72.14%	46.86%
Net Working Capital to Revenue	51.60%	42.17%	46.47%	34.88%	46.62%	55.79%	49.75%	55.62%	72.14%	46.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.73	$5.80	$2.47	$4.19	$4.29	$4.26	$4.14	$5.33	$4.85	$4.33
Adjusted Weighted Average Basic Shares Outstanding	7.08M	7.07M	7.13M	7.12M	7.25M	7.26M	7.31M	7.25M	7.39M	7.31M
Adjusted Diluted Earnings per Share	$4.65	$5.71	$2.43	$4.10	$4.21	$4.19	$4.10	$5.21	$4.74	$4.25
Adjusted Weighted Average Diluted Shares Outstanding	7.21M	7.18M	7.24M	7.29M	7.38M	7.38M	7.39M	7.41M	7.58M	7.46M
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	6.97M	7.02M	7.08M	7.13M	7.09M	7.18M	7.26M	7.29M	7.18M	7.23M
Normalized Net Operating Profit after Tax (NOPAT)	34	39	29	27	29	35	24	23	21	32
Normalized NOPAT Margin	14.65%	17.08%	12.77%	12.09%	13.54%	15.76%	11.09%	11.54%	10.39%	15.04%
Pre Tax Income Margin	25.06%	28.59%	16.83%	21.03%	24.14%	22.96%	19.24%	21.91%	19.72%	18.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.11	1.27	0.94	0.72	0.80	1.01	0.85	0.70	0.81	1.81
NOPAT to Interest Expense	0.74	0.95	0.64	0.57	0.59	0.77	0.64	0.57	0.54	1.32
EBIT Less CapEx to Interest Expense	1.06	1.26	0.91	0.68	0.76	0.93	0.83	0.67	0.79	1.77
NOPAT Less CapEx to Interest Expense	0.70	0.94	0.61	0.53	0.54	0.68	0.61	0.53	0.52	1.27
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.60%	21.06%	23.12%	20.96%	32.49%	37.93%	41.42%	49.12%	49.50%	36.09%
Augmented Payout Ratio	46.03%	55.63%	60.48%	55.52%	64.30%	65.11%	66.82%	107.85%	133.91%	109.62%

Frequently Asked Questions About Virtus Investment Partners' Financials

When does Virtus Investment Partners's financial year end?

According to the most recent income statement we have on file, Virtus Investment Partners' fiscal year ends in December. Their fiscal 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. Check out Virtus Investment Partners' forecast to explore projected trends and price targets.

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 5/22/2025 by MarketBeat.com Staff

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Virtus Investment Partners (VRTS) Financials

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