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Virtus 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 1995 and is based in Hartford, Connecticut.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $848M | $413M | $138M | $-74M | 14.8% | -6.1% | 13.7% |
| 2024 | $903M | $460M | $122M | $-4M | 13.6% | 7.3% | -6.8% |
| 2023 | $841M | $435M | $131M | $228M | 15.1% | -4.6% | 11.1% |
| 2022 | $882M | $326M | $118M | $126M | 14.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 881.72 | 841.48 | 902.82 | 847.89 |
| Cost Of Revenue | - | 371.26 | 404.74 | 432.59 | 400.72 |
| Gross Profit | - | 510.46 | 436.74 | 470.23 | 447.17 |
| Operating Expense | - | 300.96 | 289.94 | 291.86 | 280.01 |
| Operating Income | - | 209.50 | 146.80 | 178.37 | 167.16 |
| EBITDA | - | 325.85 | 435.38 | 460.20 | 413.25 |
| EBIT | - | 257.30 | 365.33 | 391.20 | 349.63 |
| Pretax Income | - | 163.89 | 186.56 | 207.88 | 187.25 |
| Tax Provision | - | 57.26 | 45.09 | 55.42 | 51.26 |
| Net Income | - | 117.54 | 130.62 | 121.75 | 138.40 |
| Net Income Common Stockholders | - | 117.54 | 130.62 | 121.75 | 138.40 |
| Total Expenses | - | 672.22 | 694.69 | 724.45 | 680.73 |
| Interest Expense | - | 93.41 | 178.77 | 183.32 | 162.38 |
| Interest Income | - | 111.77 | 210.16 | 217.22 | 199.76 |
| Selling General And Administration | - | 112.61 | 96.80 | 96.22 | 89.05 |
| Normalized EBITDA | - | 389.67 | 426.57 | 466.63 | 434.01 |
| Normalized Income | - | 159.06 | 123.94 | 126.46 | 153.47 |
| Market Cap | 958.40 | 958.40 | 958.40 | 958.40 | 958.40 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Virtus Investment Partners, Inc.this co. | VRTS | $977M | 6.93↓ discount | 1.03 | 14.8% | 8.04 |
| HBT Financial, Inc. | HBT | $1.0B | 12.83 | 1.43 | 12.5% | - |
| Capitol Federal Financial, Inc. | CFFN | $997M | 14.39 | 0.93 | 6.5% | - |
| Employers Holdings, Inc. | EIG | $983M | 75.51 | 0.85 | 1.1% | - |
| loanDepot, Inc. | LDI |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $978M |
| - |
| 1.46 |
| -16.2% |
| - |
| Amerant Bancorp Inc. | AMTB | $960M | 16.11 | 1.01 | 5.6% | - |
| Burke & Herbert Financial Services Corp. | BHRB | $957M | 8.25 | 1.12 | 13.7% | - |
| Equity Bancshares, Inc. | EQBK | $941M | 38.39 | 1.15 | 3.1% | - |
| MetroCity Bankshares, Inc. | MCBS | $916M | 11.50 | 1.69 | 12.6% | - |
| Peer Median | - | 14.39 | 1.14 | 6.0% | - | |