Financial Snapshot

Revenue
$888.0M
TTM
Gross Margin
Net Earnings
$119.3M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$990.8M
Q3 2024
Cash
Q3 2024
P/E
14.21
Nov 14, 2024 EST
Free Cash Flow
$37.11M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $845.3M $886.4M $979.2M $603.9M $563.2M $552.2M $425.6M $322.6M $382.0M $450.6M $389.2M $280.1M $204.7M $144.6M
YoY Change -4.64% -9.48% 62.15% 7.22% 1.99% 29.75% 31.95% -15.56% -15.23% 15.77% 38.96% 36.86% 41.57%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $845.3M $886.4M $979.2M $603.9M $563.2M $552.2M $425.6M $322.6M $382.0M $450.6M $389.2M $280.1M $204.7M $144.6M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Selling, General & Admin $501.5M $483.9M $499.3M $344.3M $322.6M $330.9M $263.4M $204.7M $6.000K $124.0K $583.0K
YoY Change 3.65% -3.08% 45.01% 6.72% -2.51% 25.65% 28.67% -95.16% -78.73%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $66.83M $64.22M $50.77M $38.85M $39.64M $33.43M $18.33M $5.796M $6.967M $6.759M $7.046M $6.198M $5.865M $2.007M
YoY Change 4.07% 26.48% 30.67% -1.99% 18.6% 82.37% 216.24% -16.81% 3.08% -4.07% 13.68% 5.68% 192.23%
% of Gross Profit
Operating Expenses $698.5M $688.9M $653.7M $460.7M $438.5M $439.1M $367.6M $271.7M $301.6M $319.9M $275.7M $219.6M $190.7M $135.3M
YoY Change 1.39% 5.38% 41.89% 5.06% -0.14% 19.47% 35.27% -9.9% -5.71% 16.02% 25.53% 15.15% 41.0%
Operating Profit $151.5M $197.5M $325.5M $143.2M $124.7M $113.1M $58.04M $50.81M $80.38M $130.7M $113.5M $60.45M $13.90M $9.271M
YoY Change -23.28% -39.33% 127.35% 14.8% 10.27% 94.88% 14.21% -36.78% -38.51% 15.17% 87.78% 334.76% 49.96%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Interest Expense $41.03M $18.37M $21.81M $13.68M $7.722M $19.12M $4.233M $10.17M $523.0K $537.0K $782.0K $854.0K $782.0K $983.0K
YoY Change 123.4% -15.78% 59.35% 77.21% -59.62% 351.74% -58.39% 1845.32% -2.61% -31.33% -8.43% 9.21% -20.45%
% of Operating Profit 27.09% 9.3% 6.7% 9.56% 6.19% 16.91% 7.29% 20.02% 0.65% 0.41% 0.69% 1.41% 5.62% 10.6%
Other Income/Expense, Net -$440.0K -$51.94M $6.376M $7.050M $8.253M -$23.18M $18.16M $8.819M -$26.65M -$2.843M $5.939M $3.925M -$450.0K $1.208M
YoY Change -99.15% -914.59% -9.56% -14.58% -135.6% -227.64% 105.93% -133.09% 837.39% -147.87% 51.31% -972.22% -137.25%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Pretax Income $186.6M $163.9M $353.7M $163.9M $140.7M $109.0M $80.43M $69.81M $67.64M $136.3M $121.9M $64.80M $12.99M $10.16M
YoY Change 13.84% -53.66% 115.79% 16.5% 29.02% 35.57% 15.22% 3.2% -50.38% 11.82% 88.12% 398.79% 27.94%
Income Tax $45.09M $57.26M $90.84M $43.94M $35.18M $32.96M $40.49M $21.04M $36.97M $39.35M $44.78M $27.03M -$132.4M $513.0K
% Of Pretax Income 24.17% 34.94% 25.68% 26.81% 25.0% 30.23% 50.34% 30.15% 54.66% 28.87% 36.73% 41.71% -1019.3% 5.05%
Net Earnings $130.6M $106.6M $208.1M $79.96M $95.65M $75.53M $37.01M $48.50M $35.11M $96.97M $77.13M $37.77M $145.4M $9.642M
YoY Change 22.5% -48.77% 160.3% -16.41% 26.64% 104.07% -23.69% 38.16% -63.8% 25.72% 104.19% -74.02% 1408.19%
Net Earnings / Revenue 15.45% 12.03% 21.25% 13.24% 16.98% 13.68% 8.7% 15.04% 9.19% 21.52% 19.82% 13.49% 71.06% 6.67%
Basic Earnings Per Share $18.02 $15.90 $27.13 $10.49 $12.54 $9.37 $4.09 $6.34 $3.99 $10.75 $9.18 $4.87 $17.98 $0.87
Diluted Earnings Per Share $17.71 $15.50 $26.01 $10.02 $11.74 $8.86 $3.96 $6.20 $3.92 $10.51 $8.92 $4.66 $16.34 $0.81

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Cash & Short-Term Investments $372.3M $438.6M $487.8M $311.5M $305.0M $281.3M $240.6M $65.57M
YoY Change -15.11% -10.1% 56.62% 2.12% 8.43% 16.88% 266.99%
Cash & Equivalents $239.6M $338.2M $378.9M $246.5M $221.8M $201.7M $132.2M $65.57M
Short-Term Investments $132.7M $100.3M $108.9M $64.94M $83.21M $79.56M $108.5M
Other Short-Term Assets $144.6M $296.4M $251.4M
YoY Change -51.2% 17.88%
Inventory
Prepaid Expenses
Receivables $109.1M $99.27M $123.9M $84.50M $74.13M $70.05M $65.65M $35.88M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $481.4M $537.8M $611.7M $396.0M $379.1M $351.3M $306.3M $101.5M
YoY Change -10.5% -12.07% 54.48% 4.44% 7.92% 14.7% 201.91%
Property, Plant & Equipment $2.172B $2.274B $2.190B $2.365B $2.069B $1.770B $1.609B $496.8M
YoY Change -4.47% 3.82% -7.39% 14.29% 16.93% 10.02% 223.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $101.4M $250.9M $207.2M $93.34M $100.2M $52.95M $102.1M $107.5M
YoY Change -59.59% 21.1% 122.01% -6.81% 89.15% -48.15% -4.97%
Other Assets $94.50M $99.06M $86.22M $42.16M $55.34M $67.37M $101.7M $73.48M
YoY Change -4.61% 14.9% 104.52% -23.82% -17.86% -33.74% 38.38%
Total Long-Term Assets $3.197B $3.415B $3.322B $3.071B $2.826B $2.519B $2.285B $722.9M
YoY Change -6.38% 2.79% 8.19% 8.69% 12.16% 10.27% 216.0%
Total Assets $3.679B $3.953B $3.934B $3.467B $3.205B $2.871B $2.591B $824.4M
YoY Change
Accounts Payable $38.76M $33.20M $48.50M $25.36M $23.31M $27.93M $29.61M $25.18M
YoY Change 16.73% -31.54% 91.25% 8.79% -16.54% -5.68% 17.6%
Accrued Expenses $200.8M $181.8M $187.4M $122.5M $101.4M $93.34M $86.66M $47.89M
YoY Change 10.47% -3.01% 53.0% 20.85% 8.61% 7.71% 80.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $347.8M $359.2M $413.3M $156.9M $133.6M $129.0M $122.8M $76.54M
YoY Change -3.17% -13.09% 163.46% 17.43% 3.54% 5.08% 60.43%
Long-Term Debt $2.176B $2.338B $2.300B $2.392B $2.112B $1.949B $1.706B $358.8M
YoY Change -6.96% 1.67% -3.83% 13.22% 8.36% 14.29% 375.46%
Other Long-Term Liabilities $182.0M $318.7M $245.3M $81.95M $208.6M $90.72M $152.8M $30.15M
YoY Change -42.9% 29.94% 199.32% -60.71% 129.9% -40.65% 407.0%
Total Long-Term Liabilities $2.358B $2.657B $2.545B $2.474B $2.321B $2.040B $1.859B $388.9M
YoY Change -11.27% 4.39% 2.9% 6.58% 13.76% 9.77% 377.9%
Total Liabilities $2.815B $3.136B $3.106B $2.756B $2.529B $2.241B $2.002B $502.7M
YoY Change -10.24% 0.97% 12.7% 8.97% 12.87% 11.91% 298.29%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.6952 Billion

About Virtus Investment Partners Inc

Virtus Investment Partners, Inc. is an asset management company, which engages in the provision of investment management and related services to individuals and institutions. The company is headquartered in Hartford, Connecticut and currently employs 824 full-time employees. The firm offers investments strategies for individual and institutional investors in different investment product structures and through multiple distribution channels. The firm provides various asset classes (equity, fixed income, multi-asset and alternative), geographies (domestic, global, international, and emerging), market capitalizations (large, mid, and small), styles (growth, core, and value) and investment approaches (fundamental and quantitative). Its retail products include open-end funds and exchange traded funds (ETFs), as well as closed-end funds and retail separate accounts. Its institutional products are offered through separate accounts and pooled to a variety of institutional clients. The firm also provides sub advisory services to other investment advisers and serve as the collateral manager for structured products.

Industry: Investment Advice Peers: MidCap Financial Investment Corp AssetMark Financial Holdings, Inc. Barings BDC Inc Blackstone Inc AVANTAX, INC. Oaktree Specialty Lending Corp GCM Grosvenor Inc New Mountain Finance Corp P10 Inc Sixth Street Specialty Lending Inc