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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) 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 ($199.5M vs $179.4M, roughly 1.1× HEARTLAND EXPRESS INC). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -10.8%, a 14.4% gap on every dollar of revenue. On growth, VIRTUS INVESTMENT PARTNERS, INC. posted the faster year-over-year revenue change (-4.1% vs -26.1%). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-5.7% CAGR vs -18.5%).
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
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.
HTLD vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $199.5M |
| Net Profit | $-19.4M | $7.1M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | 7.7% |
| Net Margin | -10.8% | 3.6% |
| Revenue YoY | -26.1% | -4.1% |
| Net Profit YoY | -949.2% | -78.1% |
| EPS (diluted) | $-0.24 | $1.05 |
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.
| Q1 26 | — | $199.5M | ||
| Q4 25 | $179.4M | $208.0M | ||
| Q3 25 | $196.5M | $216.4M | ||
| Q2 25 | $210.4M | $210.5M | ||
| Q1 25 | $219.4M | $217.9M | ||
| Q4 24 | $242.6M | $233.5M | ||
| Q3 24 | $259.9M | $227.0M | ||
| Q2 24 | $274.8M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-19.4M | $33.9M | ||
| Q3 25 | $-8.3M | $31.3M | ||
| Q2 25 | $-10.9M | $42.7M | ||
| Q1 25 | $-13.9M | $28.1M | ||
| Q4 24 | $-1.9M | $39.5M | ||
| Q3 24 | $-9.3M | $49.1M | ||
| Q2 24 | $-3.5M | $26.0M |
| Q1 26 | — | 7.7% | ||
| Q4 25 | -12.7% | 19.1% | ||
| Q3 25 | -3.7% | 21.7% | ||
| Q2 25 | -5.9% | 21.5% | ||
| Q1 25 | -6.8% | 16.8% | ||
| Q4 24 | 0.4% | 21.7% | ||
| Q3 24 | -2.7% | 24.3% | ||
| Q2 24 | 0.1% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | -10.8% | 16.3% | ||
| Q3 25 | -4.2% | 14.5% | ||
| Q2 25 | -5.2% | 20.3% | ||
| Q1 25 | -6.3% | 12.9% | ||
| Q4 24 | -0.8% | 16.9% | ||
| Q3 24 | -3.6% | 21.6% | ||
| Q2 24 | -1.3% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.24 | $5.15 | ||
| Q3 25 | $-0.11 | $4.65 | ||
| Q2 25 | $-0.14 | $6.12 | ||
| Q1 25 | $-0.18 | $4.05 | ||
| Q4 24 | $-0.03 | $4.65 | ||
| Q3 24 | $-0.12 | $5.71 | ||
| Q2 24 | $-0.04 | $2.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.5M | $136.6M |
| Total DebtLower is stronger | $154.1M | — |
| Stockholders' EquityBook value | $755.3M | $93.6B |
| Total Assets | $1.2B | — |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $18.5M | — | ||
| Q3 25 | $32.7M | — | ||
| Q2 25 | $22.9M | — | ||
| Q1 25 | $23.9M | — | ||
| Q4 24 | $12.8M | — | ||
| Q3 24 | $30.7M | — | ||
| Q2 24 | $23.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | $154.1M | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | $187.9M | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $755.3M | $934.0M | ||
| Q3 25 | $775.6M | $918.7M | ||
| Q2 25 | $786.7M | $896.4M | ||
| Q1 25 | $807.7M | $893.7M | ||
| Q4 24 | $822.6M | $897.5M | ||
| Q3 24 | $825.7M | $889.0M | ||
| Q2 24 | $836.8M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $4.3B | ||
| Q3 25 | $1.3B | $3.9B | ||
| Q2 25 | $1.3B | $3.7B | ||
| Q1 25 | $1.3B | $3.7B | ||
| Q4 24 | $1.3B | $4.0B | ||
| Q3 24 | $1.4B | $3.6B | ||
| Q2 24 | $1.4B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 0.23× | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 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 | $14.9M | — |
| Free Cash FlowOCF − Capex | $-44.2M | — |
| FCF MarginFCF / Revenue | -24.6% | — |
| Capex IntensityCapex / Revenue | 33.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $14.9M | $-67.2M | ||
| Q3 25 | $27.5M | $108.3M | ||
| Q2 25 | $21.0M | $75.8M | ||
| Q1 25 | $25.8M | $-3.8M | ||
| Q4 24 | $37.8M | $1.8M | ||
| Q3 24 | $35.6M | $69.1M | ||
| Q2 24 | $40.0M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-44.2M | $-74.1M | ||
| Q3 25 | $-12.2M | $106.9M | ||
| Q2 25 | $-12.8M | $74.2M | ||
| Q1 25 | $2.3M | $-6.8M | ||
| Q4 24 | $-45.5M | $-3.8M | ||
| Q3 24 | $24.6M | $68.7M | ||
| Q2 24 | $29.4M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | -24.6% | -35.6% | ||
| Q3 25 | -6.2% | 49.4% | ||
| Q2 25 | -6.1% | 35.2% | ||
| Q1 25 | 1.0% | -3.1% | ||
| Q4 24 | -18.8% | -1.6% | ||
| Q3 24 | 9.5% | 30.3% | ||
| Q2 24 | 10.7% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 33.0% | 3.3% | ||
| Q3 25 | 20.2% | 0.7% | ||
| Q2 25 | 16.1% | 0.7% | ||
| Q1 25 | 10.7% | 1.4% | ||
| Q4 24 | 34.3% | 2.4% | ||
| Q3 24 | 4.2% | 0.2% | ||
| Q2 24 | 3.8% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -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× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
