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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) 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 $197.0M, roughly 1.1× CRA INTERNATIONAL, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 6.7%, a 9.6% gap on every dollar of revenue. On growth, CRA INTERNATIONAL, INC. posted the faster year-over-year revenue change (11.6% vs -10.9%). Over the past eight quarters, CRA INTERNATIONAL, INC.'s revenue compounded faster (7.1% CAGR vs -3.2%).
CRA INTERNATIONAL, INC.CRAIEarnings & Financial Report
CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.
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.
CRAI vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.0M | $208.0M |
| Net Profit | $13.2M | $33.9M |
| Gross Margin | — | — |
| Operating Margin | 10.5% | 19.1% |
| Net Margin | 6.7% | 16.3% |
| Revenue YoY | 11.6% | -10.9% |
| Net Profit YoY | -12.0% | -14.2% |
| EPS (diluted) | $1.99 | $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 | $197.0M | $208.0M | ||
| Q3 25 | $185.9M | $216.4M | ||
| Q2 25 | $186.9M | $210.5M | ||
| Q1 25 | $181.9M | $217.9M | ||
| Q4 24 | $176.4M | $233.5M | ||
| Q3 24 | $167.7M | $227.0M | ||
| Q2 24 | $171.4M | $224.4M | ||
| Q1 24 | $171.8M | $222.0M |
| Q4 25 | $13.2M | $33.9M | ||
| Q3 25 | $11.5M | $31.3M | ||
| Q2 25 | $12.1M | $42.7M | ||
| Q1 25 | $18.0M | $28.1M | ||
| Q4 24 | $15.0M | $39.5M | ||
| Q3 24 | $11.4M | $49.1M | ||
| Q2 24 | $6.5M | $26.0M | ||
| Q1 24 | $13.7M | $37.9M |
| Q4 25 | 10.5% | 19.1% | ||
| Q3 25 | 9.3% | 21.7% | ||
| Q2 25 | 10.6% | 21.5% | ||
| Q1 25 | 14.0% | 16.8% | ||
| Q4 24 | 12.2% | 21.7% | ||
| Q3 24 | 11.0% | 24.3% | ||
| Q2 24 | 6.6% | 19.7% | ||
| Q1 24 | 11.4% | 14.5% |
| Q4 25 | 6.7% | 16.3% | ||
| Q3 25 | 6.2% | 14.5% | ||
| Q2 25 | 6.5% | 20.3% | ||
| Q1 25 | 9.9% | 12.9% | ||
| Q4 24 | 8.5% | 16.9% | ||
| Q3 24 | 6.8% | 21.6% | ||
| Q2 24 | 3.8% | 11.6% | ||
| Q1 24 | 8.0% | 17.1% |
| Q4 25 | $1.99 | $5.15 | ||
| Q3 25 | — | $4.65 | ||
| Q2 25 | — | $6.12 | ||
| Q1 25 | — | $4.05 | ||
| Q4 24 | — | $4.65 | ||
| Q3 24 | — | $5.71 | ||
| Q2 24 | — | $2.43 | ||
| Q1 24 | — | $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 | $18.2M | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $213.6M | $934.0M |
| Total Assets | $628.9M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | — | ||
| Q3 25 | $22.5M | — | ||
| Q2 25 | $19.4M | — | ||
| Q1 25 | $25.6M | — | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $24.5M | — | ||
| Q2 24 | $24.6M | — | ||
| Q1 24 | $37.1M | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $213.6M | $934.0M | ||
| Q3 25 | $201.7M | $918.7M | ||
| Q2 25 | $197.0M | $896.4M | ||
| Q1 25 | $227.3M | $893.7M | ||
| Q4 24 | $212.1M | $897.5M | ||
| Q3 24 | $204.5M | $889.0M | ||
| Q2 24 | $191.7M | $868.7M | ||
| Q1 24 | $211.8M | $871.7M |
| Q4 25 | $628.9M | $4.3B | ||
| Q3 25 | $629.0M | $3.9B | ||
| Q2 25 | $606.8M | $3.7B | ||
| Q1 25 | $590.4M | $3.7B | ||
| Q4 24 | $571.4M | $4.0B | ||
| Q3 24 | $582.3M | $3.6B | ||
| Q2 24 | $546.0M | $3.6B | ||
| Q1 24 | $552.5M | $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 | $22.4M | $-67.2M |
| Free Cash FlowOCF − Capex | — | $-74.1M |
| FCF MarginFCF / Revenue | — | -35.6% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | 1.70× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $-67.2M | ||
| Q3 25 | $36.5M | $108.3M | ||
| Q2 25 | $5.9M | $75.8M | ||
| Q1 25 | $-80.0M | $-3.8M | ||
| Q4 24 | $79.4M | $1.8M | ||
| Q3 24 | $31.6M | $69.1M | ||
| Q2 24 | $1.8M | $70.0M | ||
| Q1 24 | $-63.1M | $-34.5M |
| Q4 25 | — | $-74.1M | ||
| Q3 25 | $35.9M | $106.9M | ||
| Q2 25 | $4.7M | $74.2M | ||
| Q1 25 | $-81.0M | $-6.8M | ||
| Q4 24 | $68.8M | $-3.8M | ||
| Q3 24 | $28.6M | $68.7M | ||
| Q2 24 | $-509.0K | $68.6M | ||
| Q1 24 | $-63.8M | $-36.5M |
| Q4 25 | — | -35.6% | ||
| Q3 25 | 19.3% | 49.4% | ||
| Q2 25 | 2.5% | 35.2% | ||
| Q1 25 | -44.5% | -3.1% | ||
| Q4 24 | 39.0% | -1.6% | ||
| Q3 24 | 17.0% | 30.3% | ||
| Q2 24 | -0.3% | 30.6% | ||
| Q1 24 | -37.1% | -16.4% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.6% | 0.7% | ||
| Q1 25 | 0.5% | 1.4% | ||
| Q4 24 | 6.0% | 2.4% | ||
| Q3 24 | 1.8% | 0.2% | ||
| Q2 24 | 1.4% | 0.6% | ||
| Q1 24 | 0.4% | 0.9% |
| Q4 25 | 1.70× | -1.99× | ||
| Q3 25 | 3.19× | 3.45× | ||
| Q2 25 | 0.48× | 1.77× | ||
| Q1 25 | -4.44× | -0.13× | ||
| Q4 24 | 5.30× | 0.04× | ||
| Q3 24 | 2.76× | 1.41× | ||
| Q2 24 | 0.28× | 2.69× | ||
| Q1 24 | -4.61× | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRAI
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% |
