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Side-by-side financial comparison of EXELIXIS, INC. (EXEL) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.

Virtu Financial, Inc. is the larger business by last-quarter revenue ($1.1B vs $598.7M, roughly 1.8× EXELIXIS, INC.). EXELIXIS, INC. runs the higher net margin — 40.8% vs 31.6%, a 9.2% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs 5.6%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% CAGR vs 18.7%).

Exelixis, Inc. is a genomics-based drug discovery company located in Alameda, California, and the producer of Cometriq, a treatment approved by the U.S. Food and Drug Administration (FDA) for medullary thyroid cancer with clinical activity in several other types of metastatic cancer.

Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.

EXEL vs VIRT — Head-to-Head

Bigger by revenue
VIRT
VIRT
1.8× larger
VIRT
$1.1B
$598.7M
EXEL
Growing faster (revenue YoY)
VIRT
VIRT
+25.1% gap
VIRT
30.7%
5.6%
EXEL
Higher net margin
EXEL
EXEL
9.2% more per $
EXEL
40.8%
31.6%
VIRT
Faster 2-yr revenue CAGR
VIRT
VIRT
Annualised
VIRT
25.7%
18.7%
EXEL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EXEL
EXEL
VIRT
VIRT
Revenue
$598.7M
$1.1B
Net Profit
$244.5M
$346.6M
Gross Margin
95.6%
Operating Margin
39.3%
37.4%
Net Margin
40.8%
31.6%
Revenue YoY
5.6%
30.7%
Net Profit YoY
74.8%
82.8%
EPS (diluted)
$0.89
$1.99

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
EXEL
EXEL
VIRT
VIRT
Q1 26
$598.7M
$1.1B
Q4 25
$597.8M
$969.9M
Q3 25
$568.3M
$824.8M
Q2 25
$555.4M
$999.6M
Q1 25
$566.8M
$837.9M
Q4 24
$834.3M
Q3 24
$539.5M
$706.8M
Q2 24
$637.2M
$693.0M
Net Profit
EXEL
EXEL
VIRT
VIRT
Q1 26
$244.5M
$346.6M
Q4 25
$193.6M
$139.9M
Q3 25
$184.8M
$77.6M
Q2 25
$159.6M
$151.2M
Q1 25
$139.9M
$99.7M
Q4 24
$94.1M
Q3 24
$118.0M
$60.0M
Q2 24
$226.1M
$66.6M
Gross Margin
EXEL
EXEL
VIRT
VIRT
Q1 26
95.6%
Q4 25
96.9%
Q3 25
96.6%
Q2 25
96.5%
Q1 25
96.5%
Q4 24
Q3 24
96.8%
Q2 24
97.2%
Operating Margin
EXEL
EXEL
VIRT
VIRT
Q1 26
39.3%
37.4%
Q4 25
39.6%
35.4%
Q3 25
37.6%
21.8%
Q2 25
33.6%
34.7%
Q1 25
28.8%
26.7%
Q4 24
24.3%
Q3 24
25.2%
20.8%
Q2 24
43.3%
22.4%
Net Margin
EXEL
EXEL
VIRT
VIRT
Q1 26
40.8%
31.6%
Q4 25
32.4%
14.4%
Q3 25
32.5%
9.4%
Q2 25
28.7%
15.1%
Q1 25
24.7%
11.9%
Q4 24
11.3%
Q3 24
21.9%
8.5%
Q2 24
35.5%
9.6%
EPS (diluted)
EXEL
EXEL
VIRT
VIRT
Q1 26
$0.89
$1.99
Q4 25
$0.69
$1.54
Q3 25
$0.65
$0.86
Q2 25
$0.55
$1.65
Q1 25
$0.47
$1.08
Q4 24
$1.03
Q3 24
$0.40
$0.64
Q2 24
$0.77
$0.71

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EXEL
EXEL
VIRT
VIRT
Cash + ST InvestmentsLiquidity on hand
$1.1B
$973.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$2.2B
Total Assets
$2.8B
$25.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXEL
EXEL
VIRT
VIRT
Q1 26
$1.1B
$973.2M
Q4 25
$988.5M
$1.1B
Q3 25
$791.1M
$707.9M
Q2 25
$1.0B
$752.1M
Q1 25
$1.1B
$723.6M
Q4 24
$872.5M
Q3 24
$1.2B
$701.4M
Q2 24
$1.0B
$684.8M
Total Debt
EXEL
EXEL
VIRT
VIRT
Q1 26
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$1.7B
Stockholders' Equity
EXEL
EXEL
VIRT
VIRT
Q1 26
$2.2B
$2.2B
Q4 25
$2.2B
$1.6B
Q3 25
$2.0B
$1.5B
Q2 25
$2.1B
$1.4B
Q1 25
$2.2B
$1.3B
Q4 24
$1.3B
Q3 24
$2.3B
$1.2B
Q2 24
$2.1B
$1.2B
Total Assets
EXEL
EXEL
VIRT
VIRT
Q1 26
$2.8B
$25.1B
Q4 25
$2.8B
$20.2B
Q3 25
$2.7B
$21.3B
Q2 25
$2.8B
$19.3B
Q1 25
$2.9B
$17.5B
Q4 24
$15.4B
Q3 24
$3.0B
$14.4B
Q2 24
$2.8B
$13.9B
Debt / Equity
EXEL
EXEL
VIRT
VIRT
Q1 26
Q4 25
1.29×
Q3 25
1.40×
Q2 25
1.24×
Q1 25
1.33×
Q4 24
1.39×
Q3 24
1.41×
Q2 24
1.41×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EXEL
EXEL
VIRT
VIRT
Operating Cash FlowLast quarter
$333.5M
Free Cash FlowOCF − Capex
$332.4M
FCF MarginFCF / Revenue
55.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$875.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXEL
EXEL
VIRT
VIRT
Q1 26
$333.5M
Q4 25
$290.3M
$518.4M
Q3 25
$49.0M
$-68.7M
Q2 25
$211.4M
$62.8M
Q1 25
$240.3M
$15.0M
Q4 24
$599.0M
Q3 24
$271.3M
$112.1M
Q2 24
$119.5M
$490.8M
Free Cash Flow
EXEL
EXEL
VIRT
VIRT
Q1 26
$332.4M
Q4 25
$288.8M
$495.6M
Q3 25
$46.2M
$-76.7M
Q2 25
$208.5M
$57.6M
Q1 25
$236.3M
$9.2M
Q4 24
$586.6M
Q3 24
$263.1M
$106.2M
Q2 24
$113.0M
$486.9M
FCF Margin
EXEL
EXEL
VIRT
VIRT
Q1 26
55.5%
Q4 25
48.3%
51.1%
Q3 25
8.1%
-9.3%
Q2 25
37.5%
5.8%
Q1 25
41.7%
1.1%
Q4 24
70.3%
Q3 24
48.8%
15.0%
Q2 24
17.7%
70.3%
Capex Intensity
EXEL
EXEL
VIRT
VIRT
Q1 26
0.2%
Q4 25
0.2%
2.4%
Q3 25
0.5%
1.0%
Q2 25
0.5%
0.5%
Q1 25
0.7%
0.7%
Q4 24
1.5%
Q3 24
1.5%
0.8%
Q2 24
1.0%
0.6%
Cash Conversion
EXEL
EXEL
VIRT
VIRT
Q1 26
1.36×
Q4 25
1.50×
3.71×
Q3 25
0.27×
-0.89×
Q2 25
1.32×
0.42×
Q1 25
1.72×
0.15×
Q4 24
6.37×
Q3 24
2.30×
1.87×
Q2 24
0.53×
7.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXEL
EXEL

Cabometyx$544.7M91%
Collaboration$52.1M9%
Collaborative Arrangementwith Takeda$5.9M1%
Cometriq$1.8M0%

VIRT
VIRT

Trading income, net$789.1M72%
Commissions, net and technology services$186.6M17%
Other$119.6M11%

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