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Side-by-side financial comparison of Innovex International, Inc. (INVX) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Innovex International, Inc. is the larger business by last-quarter revenue ($273.6M vs $199.5M, roughly 1.4× VIRTUS INVESTMENT PARTNERS, INC.). Innovex International, Inc. runs the higher net margin — 5.1% vs 3.6%, a 1.5% gap on every dollar of revenue. On growth, Innovex International, Inc. posted the faster year-over-year revenue change (9.1% vs -4.1%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs -5.7%).
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.
INVX vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.6M | $199.5M |
| Net Profit | $14.0M | $7.1M |
| Gross Margin | 28.9% | — |
| Operating Margin | 9.4% | 7.7% |
| Net Margin | 5.1% | 3.6% |
| Revenue YoY | 9.1% | -4.1% |
| Net Profit YoY | -56.1% | -78.1% |
| EPS (diluted) | $0.20 | $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 | $273.6M | $208.0M | ||
| Q3 25 | $240.0M | $216.4M | ||
| Q2 25 | $224.2M | $210.5M | ||
| Q1 25 | $240.4M | $217.9M | ||
| Q4 24 | $250.7M | $233.5M | ||
| Q3 24 | $151.8M | $227.0M | ||
| Q2 24 | $130.3M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $14.0M | $33.9M | ||
| Q3 25 | $39.2M | $31.3M | ||
| Q2 25 | $15.3M | $42.7M | ||
| Q1 25 | $14.8M | $28.1M | ||
| Q4 24 | $31.8M | $39.5M | ||
| Q3 24 | $82.6M | $49.1M | ||
| Q2 24 | $9.5M | $26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 28.9% | — | ||
| Q3 25 | 31.6% | — | ||
| Q2 25 | 32.0% | — | ||
| Q1 25 | 31.8% | — | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 35.3% | — |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 9.4% | 19.1% | ||
| Q3 25 | 26.0% | 21.7% | ||
| Q2 25 | 10.1% | 21.5% | ||
| Q1 25 | 9.1% | 16.8% | ||
| Q4 24 | 10.7% | 21.7% | ||
| Q3 24 | -8.7% | 24.3% | ||
| Q2 24 | 10.0% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 5.1% | 16.3% | ||
| Q3 25 | 16.3% | 14.5% | ||
| Q2 25 | 6.8% | 20.3% | ||
| Q1 25 | 6.1% | 12.9% | ||
| Q4 24 | 12.7% | 16.9% | ||
| Q3 24 | 54.4% | 21.6% | ||
| Q2 24 | 7.3% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.20 | $5.15 | ||
| Q3 25 | $0.57 | $4.65 | ||
| Q2 25 | $0.22 | $6.12 | ||
| Q1 25 | $0.21 | $4.05 | ||
| Q4 24 | $-0.03 | $4.65 | ||
| Q3 24 | $1.99 | $5.71 | ||
| Q2 24 | $0.30 | $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 | — | $136.6M |
| Total DebtLower is stronger | $18.9M | — |
| Stockholders' EquityBook value | $1.1B | $93.6B |
| Total Assets | $1.3B | — |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $185.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | $18.9M | $390.0M | ||
| Q3 25 | $20.1M | $390.6M | ||
| Q2 25 | $34.8M | $231.3M | ||
| Q1 25 | $19.7M | $231.7M | ||
| Q4 24 | $24.9M | $232.1M | ||
| Q3 24 | $12.4M | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $1.1B | $934.0M | ||
| Q3 25 | $1.0B | $918.7M | ||
| Q2 25 | $995.6M | $896.4M | ||
| Q1 25 | $978.4M | $893.7M | ||
| Q4 24 | $958.2M | $897.5M | ||
| Q3 24 | $904.4M | $889.0M | ||
| Q2 24 | $352.5M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $4.3B | ||
| Q3 25 | $1.3B | $3.9B | ||
| Q2 25 | $1.2B | $3.7B | ||
| Q1 25 | $1.2B | $3.7B | ||
| Q4 24 | $1.2B | $4.0B | ||
| Q3 24 | $1.1B | $3.6B | ||
| Q2 24 | $1.0B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.02× | 0.42× | ||
| Q3 25 | 0.02× | 0.43× | ||
| Q2 25 | 0.03× | 0.26× | ||
| Q1 25 | 0.02× | 0.26× | ||
| Q4 24 | 0.03× | 0.26× | ||
| Q3 24 | 0.01× | 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 | $52.2M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $52.2M | $-67.2M | ||
| Q3 25 | $48.4M | $108.3M | ||
| Q2 25 | $59.2M | $75.8M | ||
| Q1 25 | $31.1M | $-3.8M | ||
| Q4 24 | $36.3M | $1.8M | ||
| Q3 24 | $21.7M | $69.1M | ||
| Q2 24 | $22.8M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-74.1M | ||
| Q3 25 | — | $106.9M | ||
| Q2 25 | — | $74.2M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-3.8M | ||
| Q3 24 | — | $68.7M | ||
| Q2 24 | $16.6M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | -35.6% | ||
| Q3 25 | — | 49.4% | ||
| Q2 25 | — | 35.2% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | 12.7% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | 4.7% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.74× | -1.99× | ||
| Q3 25 | 1.23× | 3.45× | ||
| Q2 25 | 3.86× | 1.77× | ||
| Q1 25 | 2.11× | -0.13× | ||
| Q4 24 | 1.14× | 0.04× | ||
| Q3 24 | 0.26× | 1.41× | ||
| Q2 24 | 2.39× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
