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Side-by-side financial comparison of DORIAN LPG LTD. (LPG) 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 $120.0M, roughly 1.7× DORIAN LPG LTD.). DORIAN LPG LTD. runs the higher net margin — 39.3% vs 3.6%, a 35.8% gap on every dollar of revenue. On growth, DORIAN LPG LTD. posted the faster year-over-year revenue change (48.7% vs -4.1%). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-5.7% CAGR vs -7.9%).
Dorian LPG Ltd. is a leading international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). It owns and operates a modern fleet of very large gas carriers, serving energy and petrochemical industry clients across key markets including North America, Asia and Europe.
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.
LPG vs VRTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $120.0M | $199.5M |
| Net Profit | $47.2M | $7.1M |
| Gross Margin | — | — |
| Operating Margin | 42.8% | 7.7% |
| Net Margin | 39.3% | 3.6% |
| Revenue YoY | 48.7% | -4.1% |
| Net Profit YoY | 120.9% | -78.1% |
| EPS (diluted) | $1.11 | $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 | $120.0M | $208.0M | ||
| Q3 25 | $124.1M | $216.4M | ||
| Q2 25 | $84.2M | $210.5M | ||
| Q1 25 | $75.9M | $217.9M | ||
| Q4 24 | $80.7M | $233.5M | ||
| Q3 24 | $82.4M | $227.0M | ||
| Q2 24 | $114.4M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $47.2M | $33.9M | ||
| Q3 25 | $55.4M | $31.3M | ||
| Q2 25 | $10.1M | $42.7M | ||
| Q1 25 | $8.1M | $28.1M | ||
| Q4 24 | $21.4M | $39.5M | ||
| Q3 24 | $9.4M | $49.1M | ||
| Q2 24 | $51.3M | $26.0M |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 42.8% | 19.1% | ||
| Q3 25 | 47.8% | 21.7% | ||
| Q2 25 | 18.5% | 21.5% | ||
| Q1 25 | 19.4% | 16.8% | ||
| Q4 24 | 29.0% | 21.7% | ||
| Q3 24 | 23.2% | 24.3% | ||
| Q2 24 | 48.5% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 39.3% | 16.3% | ||
| Q3 25 | 44.6% | 14.5% | ||
| Q2 25 | 12.0% | 20.3% | ||
| Q1 25 | 10.7% | 12.9% | ||
| Q4 24 | 26.5% | 16.9% | ||
| Q3 24 | 11.4% | 21.6% | ||
| Q2 24 | 44.9% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $1.11 | $5.15 | ||
| Q3 25 | $1.30 | $4.65 | ||
| Q2 25 | $0.24 | $6.12 | ||
| Q1 25 | $0.17 | $4.05 | ||
| Q4 24 | $0.50 | $4.65 | ||
| Q3 24 | $0.22 | $5.71 | ||
| Q2 24 | $1.25 | $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 | $294.5M | $136.6M |
| Total DebtLower is stronger | $513.2M | — |
| Stockholders' EquityBook value | $1.1B | $93.6B |
| Total Assets | $1.8B | — |
| Debt / EquityLower = less leverage | 0.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $294.5M | — | ||
| Q3 25 | $268.3M | — | ||
| Q2 25 | $277.9M | — | ||
| Q1 25 | $316.9M | — | ||
| Q4 24 | $314.5M | — | ||
| Q3 24 | $348.6M | — | ||
| Q2 24 | $353.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $513.2M | $390.0M | ||
| Q3 25 | $526.4M | $390.6M | ||
| Q2 25 | $539.6M | $231.3M | ||
| Q1 25 | $553.3M | $231.7M | ||
| Q4 24 | $565.9M | $232.1M | ||
| Q3 24 | $579.0M | $237.5M | ||
| Q2 24 | $592.1M | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $1.1B | $934.0M | ||
| Q3 25 | $1.1B | $918.7M | ||
| Q2 25 | $1.0B | $896.4M | ||
| Q1 25 | $1.0B | $893.7M | ||
| Q4 24 | $1.1B | $897.5M | ||
| Q3 24 | $1.1B | $889.0M | ||
| Q2 24 | $1.1B | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $4.3B | ||
| Q3 25 | $1.8B | $3.9B | ||
| Q2 25 | $1.7B | $3.7B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $1.8B | $4.0B | ||
| Q3 24 | $1.9B | $3.6B | ||
| Q2 24 | $1.9B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.47× | 0.42× | ||
| Q3 25 | 0.49× | 0.43× | ||
| Q2 25 | 0.52× | 0.26× | ||
| Q1 25 | 0.53× | 0.26× | ||
| Q4 24 | 0.53× | 0.26× | ||
| Q3 24 | 0.53× | 0.27× | ||
| Q2 24 | 0.53× | 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 | $80.8M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.71× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $80.8M | $-67.2M | ||
| Q3 25 | $46.4M | $108.3M | ||
| Q2 25 | $814.5K | $75.8M | ||
| Q1 25 | $50.2M | $-3.8M | ||
| Q4 24 | $24.3M | $1.8M | ||
| Q3 24 | $57.3M | $69.1M | ||
| Q2 24 | $41.2M | $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 | — | $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 | — | 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 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.71× | -1.99× | ||
| Q3 25 | 0.84× | 3.45× | ||
| Q2 25 | 0.08× | 1.77× | ||
| Q1 25 | 6.20× | -0.13× | ||
| Q4 24 | 1.14× | 0.04× | ||
| Q3 24 | 6.08× | 1.41× | ||
| Q2 24 | 0.80× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LPG
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% |
