VRTSVIRTUS INVESTMENT PARTNERS, INC.
Investment Advice
- Revenue
- $853M
- 6.0% YoY
- Operating margin
- 19.8%
- 1.7% YoY
- EBITDA
- $232M
- 7.6% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.9×
- −$214M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired-49% of net incomeCash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-185% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear14% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $979M | $886M | $845M | $907M | $853M | 6.0% |
| Operating income | $325M | $197M | $151M | $182M | $169M | 7.6% |
| Net income | $263M | $107M | $142M | $153M | $136M | 11% |
| Operating cash flow | $666M | $133M | $237M | $2M | −$67M | 3929% |
| Capex | $6M | $7M | $9M | $6M | $7M | 23% |
| Stock-based comp | $26M | $24M | $27M | $33M | $24M | 27% |
| Buybacks | $57M | $90M | $45M | $45M | $60M | 34% |
| Dividends | $31M | $47M | $52M | $58M | $65M | 11% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $60K · 1
- Net
- −$60K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | $5M | 89 | 136 |
| FY2024 | $7M | $3M | 114 | 117 |
| FY2023 | $7M | $9M | 121 | 106 |
| FY2022 | $7M | −$4M | 92 | 97 |
| FY2021 | $9M | $17M | 139 | 137 |