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Side-by-side financial comparison of Embecta Corp. (EMBC) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.

Embecta Corp. is the larger business by last-quarter revenue ($261.2M vs $208.0M, roughly 1.3× VIRTUS INVESTMENT PARTNERS, INC.). Embecta Corp. runs the higher net margin — 16.9% vs 16.3%, a 0.6% gap on every dollar of revenue. On growth, Embecta Corp. posted the faster year-over-year revenue change (-0.3% vs -10.9%). Embecta Corp. produced more free cash flow last quarter ($16.6M vs $-74.1M). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-3.2% CAGR vs -4.6%).

Embecta Corp. is a global medical technology company focused on diabetes care solutions. It designs, manufactures and distributes a full portfolio of products including insulin pen needles, syringes, infusion set components and related delivery devices, serving patients, healthcare providers and biopharmaceutical partners across North America, Europe, Asia Pacific and other major markets.

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.

EMBC vs VRTS — Head-to-Head

Bigger by revenue
EMBC
EMBC
1.3× larger
EMBC
$261.2M
$208.0M
VRTS
Growing faster (revenue YoY)
EMBC
EMBC
+10.6% gap
EMBC
-0.3%
-10.9%
VRTS
Higher net margin
EMBC
EMBC
0.6% more per $
EMBC
16.9%
16.3%
VRTS
More free cash flow
EMBC
EMBC
$90.7M more FCF
EMBC
$16.6M
$-74.1M
VRTS
Faster 2-yr revenue CAGR
VRTS
VRTS
Annualised
VRTS
-3.2%
-4.6%
EMBC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EMBC
EMBC
VRTS
VRTS
Revenue
$261.2M
$208.0M
Net Profit
$44.1M
$33.9M
Gross Margin
61.9%
Operating Margin
31.9%
19.1%
Net Margin
16.9%
16.3%
Revenue YoY
-0.3%
-10.9%
Net Profit YoY
-14.2%
EPS (diluted)
$0.74
$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.

Revenue
EMBC
EMBC
VRTS
VRTS
Q4 25
$261.2M
$208.0M
Q3 25
$264.0M
$216.4M
Q2 25
$295.5M
$210.5M
Q1 25
$259.0M
$217.9M
Q4 24
$261.9M
$233.5M
Q3 24
$286.1M
$227.0M
Q2 24
$272.5M
$224.4M
Q1 24
$287.2M
$222.0M
Net Profit
EMBC
EMBC
VRTS
VRTS
Q4 25
$44.1M
$33.9M
Q3 25
$26.4M
$31.3M
Q2 25
$45.5M
$42.7M
Q1 25
$23.5M
$28.1M
Q4 24
$0
$39.5M
Q3 24
$14.6M
$49.1M
Q2 24
$14.7M
$26.0M
Q1 24
$28.9M
$37.9M
Gross Margin
EMBC
EMBC
VRTS
VRTS
Q4 25
61.9%
Q3 25
60.0%
Q2 25
66.7%
Q1 25
63.4%
Q4 24
60.0%
Q3 24
60.7%
Q2 24
69.8%
Q1 24
64.6%
Operating Margin
EMBC
EMBC
VRTS
VRTS
Q4 25
31.9%
19.1%
Q3 25
21.4%
21.7%
Q2 25
31.8%
21.5%
Q1 25
24.3%
16.8%
Q4 24
11.0%
21.7%
Q3 24
9.2%
24.3%
Q2 24
20.5%
19.7%
Q1 24
13.6%
14.5%
Net Margin
EMBC
EMBC
VRTS
VRTS
Q4 25
16.9%
16.3%
Q3 25
10.0%
14.5%
Q2 25
15.4%
20.3%
Q1 25
9.1%
12.9%
Q4 24
16.9%
Q3 24
5.1%
21.6%
Q2 24
5.4%
11.6%
Q1 24
10.1%
17.1%
EPS (diluted)
EMBC
EMBC
VRTS
VRTS
Q4 25
$0.74
$5.15
Q3 25
$0.44
$4.65
Q2 25
$0.78
$6.12
Q1 25
$0.40
$4.05
Q4 24
$0.00
$4.65
Q3 24
$0.24
$5.71
Q2 24
$0.25
$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
EMBC
EMBC
VRTS
VRTS
Cash + ST InvestmentsLiquidity on hand
$201.3M
Total DebtLower is stronger
$390.0M
Stockholders' EquityBook value
$-613.1M
$934.0M
Total Assets
$1.1B
$4.3B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EMBC
EMBC
VRTS
VRTS
Q4 25
$201.3M
Q3 25
$225.5M
Q2 25
$230.6M
Q1 25
$209.3M
Q4 24
$210.0M
Q3 24
$267.5M
Q2 24
$275.1M
Q1 24
$299.8M
Total Debt
EMBC
EMBC
VRTS
VRTS
Q4 25
$390.0M
Q3 25
$1.4B
$390.6M
Q2 25
$231.3M
Q1 25
$231.7M
Q4 24
$232.1M
Q3 24
$1.6B
$237.5M
Q2 24
$247.6M
Q1 24
$253.0M
Stockholders' Equity
EMBC
EMBC
VRTS
VRTS
Q4 25
$-613.1M
$934.0M
Q3 25
$-650.6M
$918.7M
Q2 25
$-669.6M
$896.4M
Q1 25
$-736.2M
$893.7M
Q4 24
$-768.8M
$897.5M
Q3 24
$-738.3M
$889.0M
Q2 24
$-763.7M
$868.7M
Q1 24
$-769.6M
$871.7M
Total Assets
EMBC
EMBC
VRTS
VRTS
Q4 25
$1.1B
$4.3B
Q3 25
$1.1B
$3.9B
Q2 25
$1.2B
$3.7B
Q1 25
$1.1B
$3.7B
Q4 24
$1.1B
$4.0B
Q3 24
$1.3B
$3.6B
Q2 24
$1.3B
$3.6B
Q1 24
$1.2B
$3.5B
Debt / Equity
EMBC
EMBC
VRTS
VRTS
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
EMBC
EMBC
VRTS
VRTS
Operating Cash FlowLast quarter
$17.2M
$-67.2M
Free Cash FlowOCF − Capex
$16.6M
$-74.1M
FCF MarginFCF / Revenue
6.4%
-35.6%
Capex IntensityCapex / Revenue
0.2%
3.3%
Cash ConversionOCF / Net Profit
0.39×
-1.99×
TTM Free Cash FlowTrailing 4 quarters
$205.8M
$100.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EMBC
EMBC
VRTS
VRTS
Q4 25
$17.2M
$-67.2M
Q3 25
$84.0M
$108.3M
Q2 25
$81.2M
$75.8M
Q1 25
$31.8M
$-3.8M
Q4 24
$-5.3M
$1.8M
Q3 24
$26.6M
$69.1M
Q2 24
$-2.1M
$70.0M
Q1 24
$24.3M
$-34.5M
Free Cash Flow
EMBC
EMBC
VRTS
VRTS
Q4 25
$16.6M
$-74.1M
Q3 25
$76.7M
$106.9M
Q2 25
$80.8M
$74.2M
Q1 25
$31.7M
$-6.8M
Q4 24
$-6.8M
$-3.8M
Q3 24
$68.7M
Q2 24
$-11.8M
$68.6M
Q1 24
$20.9M
$-36.5M
FCF Margin
EMBC
EMBC
VRTS
VRTS
Q4 25
6.4%
-35.6%
Q3 25
29.1%
49.4%
Q2 25
27.3%
35.2%
Q1 25
12.2%
-3.1%
Q4 24
-2.6%
-1.6%
Q3 24
30.3%
Q2 24
-4.3%
30.6%
Q1 24
7.3%
-16.4%
Capex Intensity
EMBC
EMBC
VRTS
VRTS
Q4 25
0.2%
3.3%
Q3 25
2.8%
0.7%
Q2 25
0.1%
0.7%
Q1 25
0.0%
1.4%
Q4 24
0.6%
2.4%
Q3 24
0.0%
0.2%
Q2 24
3.6%
0.6%
Q1 24
1.2%
0.9%
Cash Conversion
EMBC
EMBC
VRTS
VRTS
Q4 25
0.39×
-1.99×
Q3 25
3.18×
3.45×
Q2 25
1.78×
1.77×
Q1 25
1.35×
-0.13×
Q4 24
0.04×
Q3 24
1.82×
1.41×
Q2 24
-0.14×
2.69×
Q1 24
0.84×
-0.91×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EMBC
EMBC

Pen Needles$185.5M71%
Safety$37.3M14%
Syringes$30.7M12%
Manufacturing Facility$4.1M2%

VRTS
VRTS

Open End Funds$68.9M33%
Retail Separate Accounts$51.3M25%
Institutional Accounts$39.6M19%
Administration And Shareholder Service Fees$18.4M9%
Closed End Funds$15.9M8%
Distribution And Service Fees$12.3M6%

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