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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Douglas Elliman Inc. is the larger business by last-quarter revenue ($245.4M vs $208.0M, roughly 1.2× VIRTUS INVESTMENT PARTNERS, INC.). Douglas Elliman Inc. runs the higher net margin — 27.9% vs 16.3%, a 11.7% gap on every dollar of revenue. On growth, Douglas Elliman Inc. posted the faster year-over-year revenue change (0.9% vs -10.9%). Douglas Elliman Inc. produced more free cash flow last quarter ($-14.7M vs $-74.1M). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% CAGR vs -3.2%).
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
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.
DOUG vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $208.0M |
| Net Profit | $68.6M | $33.9M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | 19.1% |
| Net Margin | 27.9% | 16.3% |
| Revenue YoY | 0.9% | -10.9% |
| Net Profit YoY | 1243.4% | -14.2% |
| EPS (diluted) | $0.80 | $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 | $245.4M | $208.0M | ||
| Q3 25 | $262.8M | $216.4M | ||
| Q2 25 | $271.4M | $210.5M | ||
| Q1 25 | $253.4M | $217.9M | ||
| Q4 24 | $243.3M | $233.5M | ||
| Q3 24 | $266.3M | $227.0M | ||
| Q2 24 | $285.8M | $224.4M | ||
| Q1 24 | $200.2M | $222.0M |
| Q4 25 | $68.6M | $33.9M | ||
| Q3 25 | $-24.7M | $31.3M | ||
| Q2 25 | $-22.7M | $42.7M | ||
| Q1 25 | $-6.0M | $28.1M | ||
| Q4 24 | $-6.0M | $39.5M | ||
| Q3 24 | $-27.2M | $49.1M | ||
| Q2 24 | $-1.7M | $26.0M | ||
| Q1 24 | $-41.5M | $37.9M |
| Q4 25 | 27.3% | 19.1% | ||
| Q3 25 | -4.1% | 21.7% | ||
| Q2 25 | -2.0% | 21.5% | ||
| Q1 25 | -2.1% | 16.8% | ||
| Q4 24 | -6.7% | 21.7% | ||
| Q3 24 | -2.8% | 24.3% | ||
| Q2 24 | -1.3% | 19.7% | ||
| Q1 24 | -20.7% | 14.5% |
| Q4 25 | 27.9% | 16.3% | ||
| Q3 25 | -9.4% | 14.5% | ||
| Q2 25 | -8.4% | 20.3% | ||
| Q1 25 | -2.4% | 12.9% | ||
| Q4 24 | -2.5% | 16.9% | ||
| Q3 24 | -10.2% | 21.6% | ||
| Q2 24 | -0.6% | 11.6% | ||
| Q1 24 | -20.7% | 17.1% |
| Q4 25 | $0.80 | $5.15 | ||
| Q3 25 | $-0.29 | $4.65 | ||
| Q2 25 | $-0.27 | $6.12 | ||
| Q1 25 | $-0.07 | $4.05 | ||
| Q4 24 | $-0.06 | $4.65 | ||
| Q3 24 | $-0.33 | $5.71 | ||
| Q2 24 | $-0.02 | $2.43 | ||
| Q1 24 | $-0.50 | $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 | $115.5M | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $183.9M | $934.0M |
| Total Assets | $444.4M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.5M | — | ||
| Q3 25 | $143.0M | — | ||
| Q2 25 | $136.3M | — | ||
| Q1 25 | $136.8M | — | ||
| Q4 24 | $145.5M | — | ||
| Q3 24 | $151.4M | — | ||
| Q2 24 | $92.9M | — | ||
| Q1 24 | $91.5M | — |
| 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 | $183.9M | $934.0M | ||
| Q3 25 | $115.1M | $918.7M | ||
| Q2 25 | $137.6M | $896.4M | ||
| Q1 25 | $158.2M | $893.7M | ||
| Q4 24 | $162.2M | $897.5M | ||
| Q3 24 | $173.6M | $889.0M | ||
| Q2 24 | $196.9M | $868.7M | ||
| Q1 24 | $195.1M | $871.7M |
| Q4 25 | $444.4M | $4.3B | ||
| Q3 25 | $480.6M | $3.9B | ||
| Q2 25 | $489.0M | $3.7B | ||
| Q1 25 | $493.9M | $3.7B | ||
| Q4 24 | $493.9M | $4.0B | ||
| Q3 24 | $502.7M | $3.6B | ||
| Q2 24 | $463.9M | $3.6B | ||
| Q1 24 | $461.1M | $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 | $-14.4M | $-67.2M |
| Free Cash FlowOCF − Capex | $-14.7M | $-74.1M |
| FCF MarginFCF / Revenue | -6.0% | -35.6% |
| Capex IntensityCapex / Revenue | 0.1% | 3.3% |
| Cash ConversionOCF / Net Profit | -0.21× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $-67.2M | ||
| Q3 25 | $5.5M | $108.3M | ||
| Q2 25 | $642.0K | $75.8M | ||
| Q1 25 | $-5.6M | $-3.8M | ||
| Q4 24 | $-9.0M | $1.8M | ||
| Q3 24 | $9.0M | $69.1M | ||
| Q2 24 | $1.3M | $70.0M | ||
| Q1 24 | $-27.3M | $-34.5M |
| Q4 25 | $-14.7M | $-74.1M | ||
| Q3 25 | $4.7M | $106.9M | ||
| Q2 25 | $-575.0K | $74.2M | ||
| Q1 25 | $-6.7M | $-6.8M | ||
| Q4 24 | $-10.2M | $-3.8M | ||
| Q3 24 | $7.7M | $68.7M | ||
| Q2 24 | $432.0K | $68.6M | ||
| Q1 24 | $-29.4M | $-36.5M |
| Q4 25 | -6.0% | -35.6% | ||
| Q3 25 | 1.8% | 49.4% | ||
| Q2 25 | -0.2% | 35.2% | ||
| Q1 25 | -2.6% | -3.1% | ||
| Q4 24 | -4.2% | -1.6% | ||
| Q3 24 | 2.9% | 30.3% | ||
| Q2 24 | 0.2% | 30.6% | ||
| Q1 24 | -14.7% | -16.4% |
| Q4 25 | 0.1% | 3.3% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.4% | 0.7% | ||
| Q1 25 | 0.4% | 1.4% | ||
| Q4 24 | 0.5% | 2.4% | ||
| Q3 24 | 0.5% | 0.2% | ||
| Q2 24 | 0.3% | 0.6% | ||
| Q1 24 | 1.0% | 0.9% |
| Q4 25 | -0.21× | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× | ||
| Q1 24 | — | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
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% |
