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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($208.0M vs $172.2M, roughly 1.2× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 16.3%, a 3.9% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -10.9%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs -3.2%).
United Asset Management was an American holding company headquartered in Boston, Massachusetts.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
AAMI vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.2M | $208.0M |
| Net Profit | $34.7M | $33.9M |
| Gross Margin | — | — |
| Operating Margin | 33.3% | 19.1% |
| Net Margin | 20.2% | 16.3% |
| Revenue YoY | 2.6% | -10.9% |
| Net Profit YoY | -18.4% | -14.2% |
| EPS (diluted) | $0.97 | $5.15 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $172.2M | $208.0M | ||
| Q3 25 | $144.2M | $216.4M | ||
| Q2 25 | $127.4M | $210.5M | ||
| Q1 25 | $119.9M | $217.9M | ||
| Q4 24 | $167.8M | $233.5M | ||
| Q3 24 | $123.1M | $227.0M | ||
| Q2 24 | $109.0M | $224.4M | ||
| Q1 24 | $105.7M | $222.0M |
| Q4 25 | $34.7M | $33.9M | ||
| Q3 25 | $15.1M | $31.3M | ||
| Q2 25 | $10.1M | $42.7M | ||
| Q1 25 | $20.1M | $28.1M | ||
| Q4 24 | $42.5M | $39.5M | ||
| Q3 24 | $16.9M | $49.1M | ||
| Q2 24 | $11.0M | $26.0M | ||
| Q1 24 | $14.6M | $37.9M |
| Q4 25 | 33.3% | 19.1% | ||
| Q3 25 | 18.4% | 21.7% | ||
| Q2 25 | 12.7% | 21.5% | ||
| Q1 25 | 26.6% | 16.8% | ||
| Q4 24 | 38.7% | 21.7% | ||
| Q3 24 | 21.9% | 24.3% | ||
| Q2 24 | 18.9% | 19.7% | ||
| Q1 24 | 21.7% | 14.5% |
| Q4 25 | 20.2% | 16.3% | ||
| Q3 25 | 10.5% | 14.5% | ||
| Q2 25 | 7.9% | 20.3% | ||
| Q1 25 | 16.8% | 12.9% | ||
| Q4 24 | 25.3% | 16.9% | ||
| Q3 24 | 13.7% | 21.6% | ||
| Q2 24 | 10.1% | 11.6% | ||
| Q1 24 | 13.8% | 17.1% |
| Q4 25 | $0.97 | $5.15 | ||
| Q3 25 | $0.42 | $4.65 | ||
| Q2 25 | $0.28 | $6.12 | ||
| Q1 25 | $0.54 | $4.05 | ||
| Q4 24 | $1.11 | $4.65 | ||
| Q3 24 | $0.45 | $5.71 | ||
| Q2 24 | $0.29 | $2.43 | ||
| Q1 24 | $0.37 | $4.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $200.0M | $390.0M |
| Stockholders' EquityBook value | — | $934.0M |
| Total Assets | $677.0M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $200.0M | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | $275.0M | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | — | $934.0M | ||
| Q3 25 | — | $918.7M | ||
| Q2 25 | — | $896.4M | ||
| Q1 25 | — | $893.7M | ||
| Q4 24 | — | $897.5M | ||
| Q3 24 | — | $889.0M | ||
| Q2 24 | — | $868.7M | ||
| Q1 24 | — | $871.7M |
| Q4 25 | $677.0M | $4.3B | ||
| Q3 25 | $751.4M | $3.9B | ||
| Q2 25 | $672.3M | $3.7B | ||
| Q1 25 | $677.3M | $3.7B | ||
| Q4 24 | $703.2M | $4.0B | ||
| Q3 24 | $555.2M | $3.6B | ||
| Q2 24 | $533.1M | $3.6B | ||
| Q1 24 | $544.9M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.4M | $-67.2M |
| Free Cash FlowOCF − Capex | — | $-74.1M |
| FCF MarginFCF / Revenue | — | -35.6% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | -0.07× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.4M | $-67.2M | ||
| Q3 25 | $-23.9M | $108.3M | ||
| Q2 25 | $61.6M | $75.8M | ||
| Q1 25 | $-48.8M | $-3.8M | ||
| Q4 24 | $55.8M | $1.8M | ||
| Q3 24 | $69.6M | $69.1M | ||
| Q2 24 | $45.7M | $70.0M | ||
| Q1 24 | $-40.4M | $-34.5M |
| Q4 25 | — | $-74.1M | ||
| Q3 25 | — | $106.9M | ||
| Q2 25 | — | $74.2M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-3.8M | ||
| Q3 24 | — | $68.7M | ||
| Q2 24 | — | $68.6M | ||
| Q1 24 | — | $-36.5M |
| Q4 25 | — | -35.6% | ||
| Q3 25 | — | 49.4% | ||
| Q2 25 | — | 35.2% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 30.6% | ||
| Q1 24 | — | -16.4% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | -0.07× | -1.99× | ||
| Q3 25 | -1.58× | 3.45× | ||
| Q2 25 | 6.10× | 1.77× | ||
| Q1 25 | -2.43× | -0.13× | ||
| Q4 24 | 1.31× | 0.04× | ||
| Q3 24 | 4.12× | 1.41× | ||
| Q2 24 | 4.15× | 2.69× | ||
| Q1 24 | -2.77× | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAMI
Segment breakdown not available.
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
