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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) 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 $202.2M, roughly 1.0× FORUM ENERGY TECHNOLOGIES, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 1.0%, a 15.2% gap on every dollar of revenue. On growth, FORUM ENERGY TECHNOLOGIES, INC. posted the faster year-over-year revenue change (0.6% vs -10.9%). FORUM ENERGY TECHNOLOGIES, INC. produced more free cash flow last quarter ($20.9M vs $-74.1M). Over the past eight quarters, FORUM ENERGY TECHNOLOGIES, INC.'s revenue compounded faster (-0.0% CAGR vs -3.2%).
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
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.
FET vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.2M | $208.0M |
| Net Profit | $2.1M | $33.9M |
| Gross Margin | 30.2% | — |
| Operating Margin | 6.3% | 19.1% |
| Net Margin | 1.0% | 16.3% |
| Revenue YoY | 0.6% | -10.9% |
| Net Profit YoY | 102.0% | -14.2% |
| EPS (diluted) | $0.25 | $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 | $202.2M | $208.0M | ||
| Q3 25 | $196.2M | $216.4M | ||
| Q2 25 | $199.8M | $210.5M | ||
| Q1 25 | $193.3M | $217.9M | ||
| Q4 24 | $201.0M | $233.5M | ||
| Q3 24 | $207.8M | $227.0M | ||
| Q2 24 | $205.2M | $224.4M | ||
| Q1 24 | $202.4M | $222.0M |
| Q4 25 | $2.1M | $33.9M | ||
| Q3 25 | $-20.6M | $31.3M | ||
| Q2 25 | $7.7M | $42.7M | ||
| Q1 25 | $1.1M | $28.1M | ||
| Q4 24 | $-103.5M | $39.5M | ||
| Q3 24 | $-14.8M | $49.1M | ||
| Q2 24 | $-6.7M | $26.0M | ||
| Q1 24 | $-10.3M | $37.9M |
| Q4 25 | 30.2% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 29.7% | — | ||
| Q1 25 | 30.2% | — | ||
| Q4 24 | 31.1% | — | ||
| Q3 24 | 31.6% | — | ||
| Q2 24 | 30.7% | — | ||
| Q1 24 | 31.5% | — |
| Q4 25 | 6.3% | 19.1% | ||
| Q3 25 | -3.1% | 21.7% | ||
| Q2 25 | 7.4% | 21.5% | ||
| Q1 25 | 4.6% | 16.8% | ||
| Q4 24 | -53.1% | 21.7% | ||
| Q3 24 | 4.3% | 24.3% | ||
| Q2 24 | 3.9% | 19.7% | ||
| Q1 24 | 1.6% | 14.5% |
| Q4 25 | 1.0% | 16.3% | ||
| Q3 25 | -10.5% | 14.5% | ||
| Q2 25 | 3.9% | 20.3% | ||
| Q1 25 | 0.6% | 12.9% | ||
| Q4 24 | -51.5% | 16.9% | ||
| Q3 24 | -7.1% | 21.6% | ||
| Q2 24 | -3.3% | 11.6% | ||
| Q1 24 | -5.1% | 17.1% |
| Q4 25 | $0.25 | $5.15 | ||
| Q3 25 | $-1.76 | $4.65 | ||
| Q2 25 | $0.61 | $6.12 | ||
| Q1 25 | $0.09 | $4.05 | ||
| Q4 24 | $-8.41 | $4.65 | ||
| Q3 24 | $-1.20 | $5.71 | ||
| Q2 24 | $-0.54 | $2.43 | ||
| Q1 24 | $-0.85 | $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 | $34.7M | — |
| Total DebtLower is stronger | $135.9M | $390.0M |
| Stockholders' EquityBook value | $291.1M | $934.0M |
| Total Assets | $752.5M | $4.3B |
| Debt / EquityLower = less leverage | 0.47× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.7M | — | ||
| Q3 25 | $31.7M | — | ||
| Q2 25 | $39.0M | — | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $33.3M | — | ||
| Q2 24 | $31.8M | — | ||
| Q1 24 | $48.5M | — |
| Q4 25 | $135.9M | $390.0M | ||
| Q3 25 | $140.0M | $390.6M | ||
| Q2 25 | $159.3M | $231.3M | ||
| Q1 25 | $171.4M | $231.7M | ||
| Q4 24 | $188.4M | $232.1M | ||
| Q3 24 | $231.5M | $237.5M | ||
| Q2 24 | $252.9M | $247.6M | ||
| Q1 24 | $287.5M | $253.0M |
| Q4 25 | $291.1M | $934.0M | ||
| Q3 25 | $297.3M | $918.7M | ||
| Q2 25 | $334.2M | $896.4M | ||
| Q1 25 | $320.0M | $893.7M | ||
| Q4 24 | $319.9M | $897.5M | ||
| Q3 24 | $443.5M | $889.0M | ||
| Q2 24 | $442.0M | $868.7M | ||
| Q1 24 | $446.2M | $871.7M |
| Q4 25 | $752.5M | $4.3B | ||
| Q3 25 | $770.1M | $3.9B | ||
| Q2 25 | $810.1M | $3.7B | ||
| Q1 25 | $790.1M | $3.7B | ||
| Q4 24 | $816.0M | $4.0B | ||
| Q3 24 | $973.7M | $3.6B | ||
| Q2 24 | $976.8M | $3.6B | ||
| Q1 24 | $1.0B | $3.5B |
| Q4 25 | 0.47× | 0.42× | ||
| Q3 25 | 0.47× | 0.43× | ||
| Q2 25 | 0.48× | 0.26× | ||
| Q1 25 | 0.54× | 0.26× | ||
| Q4 24 | 0.59× | 0.26× | ||
| Q3 24 | 0.52× | 0.27× | ||
| Q2 24 | 0.57× | 0.29× | ||
| Q1 24 | 0.64× | 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 | $20.9M | $-74.1M |
| FCF MarginFCF / Revenue | 10.3% | -35.6% |
| Capex IntensityCapex / Revenue | 0.8% | 3.3% |
| Cash ConversionOCF / Net Profit | 10.83× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $64.4M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $-67.2M | ||
| Q3 25 | $22.9M | $108.3M | ||
| Q2 25 | $15.8M | $75.8M | ||
| Q1 25 | $9.3M | $-3.8M | ||
| Q4 24 | $38.5M | $1.8M | ||
| Q3 24 | $25.6M | $69.1M | ||
| Q2 24 | $23.1M | $70.0M | ||
| Q1 24 | $5.0M | $-34.5M |
| Q4 25 | $20.9M | $-74.1M | ||
| Q3 25 | $21.5M | $106.9M | ||
| Q2 25 | $14.8M | $74.2M | ||
| Q1 25 | $7.2M | $-6.8M | ||
| Q4 24 | $36.1M | $-3.8M | ||
| Q3 24 | $24.3M | $68.7M | ||
| Q2 24 | $21.6M | $68.6M | ||
| Q1 24 | $2.1M | $-36.5M |
| Q4 25 | 10.3% | -35.6% | ||
| Q3 25 | 10.9% | 49.4% | ||
| Q2 25 | 7.4% | 35.2% | ||
| Q1 25 | 3.7% | -3.1% | ||
| Q4 24 | 18.0% | -1.6% | ||
| Q3 24 | 11.7% | 30.3% | ||
| Q2 24 | 10.5% | 30.6% | ||
| Q1 24 | 1.0% | -16.4% |
| Q4 25 | 0.8% | 3.3% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.5% | 0.7% | ||
| Q1 25 | 1.1% | 1.4% | ||
| Q4 24 | 1.2% | 2.4% | ||
| Q3 24 | 0.6% | 0.2% | ||
| Q2 24 | 0.7% | 0.6% | ||
| Q1 24 | 1.4% | 0.9% |
| Q4 25 | 10.83× | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | 2.05× | 1.77× | ||
| Q1 25 | 8.31× | -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
FET
| Drilling And Completions Segment | $127.2M | 63% |
| Artificial Lift And Downhole Segment | $75.5M | 37% |
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% |
