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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) 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 $134.3M, roughly 1.5× Mayville Engineering Company, Inc.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs -3.2%, a 19.5% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -10.9%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-74.1M). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-3.2% CAGR vs -8.8%).
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
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.
MEC vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $208.0M |
| Net Profit | $-4.4M | $33.9M |
| Gross Margin | 6.8% | — |
| Operating Margin | -4.1% | 19.1% |
| Net Margin | -3.2% | 16.3% |
| Revenue YoY | 10.7% | -10.9% |
| Net Profit YoY | -127.3% | -14.2% |
| EPS (diluted) | $-0.22 | $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 | $134.3M | $208.0M | ||
| Q3 25 | $144.3M | $216.4M | ||
| Q2 25 | $132.3M | $210.5M | ||
| Q1 25 | $135.6M | $217.9M | ||
| Q4 24 | $121.3M | $233.5M | ||
| Q3 24 | $135.4M | $227.0M | ||
| Q2 24 | $163.6M | $224.4M | ||
| Q1 24 | $161.3M | $222.0M |
| Q4 25 | $-4.4M | $33.9M | ||
| Q3 25 | $-2.7M | $31.3M | ||
| Q2 25 | $-1.1M | $42.7M | ||
| Q1 25 | $20.0K | $28.1M | ||
| Q4 24 | $16.0M | $39.5M | ||
| Q3 24 | $3.0M | $49.1M | ||
| Q2 24 | $3.8M | $26.0M | ||
| Q1 24 | $3.2M | $37.9M |
| Q4 25 | 6.8% | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 13.6% | — | ||
| Q1 24 | 13.0% | — |
| Q4 25 | -4.1% | 19.1% | ||
| Q3 25 | 0.0% | 21.7% | ||
| Q2 25 | 0.1% | 21.5% | ||
| Q1 25 | 1.2% | 16.8% | ||
| Q4 24 | 19.0% | 21.7% | ||
| Q3 24 | 4.2% | 24.3% | ||
| Q2 24 | 5.0% | 19.7% | ||
| Q1 24 | 4.7% | 14.5% |
| Q4 25 | -3.2% | 16.3% | ||
| Q3 25 | -1.9% | 14.5% | ||
| Q2 25 | -0.8% | 20.3% | ||
| Q1 25 | 0.0% | 12.9% | ||
| Q4 24 | 13.2% | 16.9% | ||
| Q3 24 | 2.2% | 21.6% | ||
| Q2 24 | 2.3% | 11.6% | ||
| Q1 24 | 2.0% | 17.1% |
| Q4 25 | $-0.22 | $5.15 | ||
| Q3 25 | $-0.13 | $4.65 | ||
| Q2 25 | $-0.05 | $6.12 | ||
| Q1 25 | $0.00 | $4.05 | ||
| Q4 24 | $0.76 | $4.65 | ||
| Q3 24 | $0.14 | $5.71 | ||
| Q2 24 | $0.18 | $2.43 | ||
| Q1 24 | $0.16 | $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 | $1.5M | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $240.7M | $934.0M |
| Total Assets | $563.6M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $206.0K | — | ||
| Q1 25 | $183.0K | — | ||
| Q4 24 | $206.0K | — | ||
| Q3 24 | $178.0K | — | ||
| Q2 24 | $314.0K | — | ||
| Q1 24 | $314.0K | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $240.7M | $934.0M | ||
| Q3 25 | $244.8M | $918.7M | ||
| Q2 25 | $246.8M | $896.4M | ||
| Q1 25 | $250.0M | $893.7M | ||
| Q4 24 | $251.8M | $897.5M | ||
| Q3 24 | $238.4M | $889.0M | ||
| Q2 24 | $238.1M | $868.7M | ||
| Q1 24 | $234.0M | $871.7M |
| Q4 25 | $563.6M | $4.3B | ||
| Q3 25 | $585.6M | $3.9B | ||
| Q2 25 | $433.7M | $3.7B | ||
| Q1 25 | $447.7M | $3.7B | ||
| Q4 24 | $445.6M | $4.0B | ||
| Q3 24 | $466.0M | $3.6B | ||
| Q2 24 | $488.2M | $3.6B | ||
| Q1 24 | $499.9M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 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 | $13.4M | $-67.2M |
| Free Cash FlowOCF − Capex | $10.2M | $-74.1M |
| FCF MarginFCF / Revenue | 7.6% | -35.6% |
| Capex IntensityCapex / Revenue | 2.4% | 3.3% |
| Cash ConversionOCF / Net Profit | — | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $-67.2M | ||
| Q3 25 | $1.9M | $108.3M | ||
| Q2 25 | $15.0M | $75.8M | ||
| Q1 25 | $8.3M | $-3.8M | ||
| Q4 24 | $38.0M | $1.8M | ||
| Q3 24 | $17.9M | $69.1M | ||
| Q2 24 | $23.3M | $70.0M | ||
| Q1 24 | $10.6M | $-34.5M |
| Q4 25 | $10.2M | $-74.1M | ||
| Q3 25 | $-1.1M | $106.9M | ||
| Q2 25 | $12.5M | $74.2M | ||
| Q1 25 | $5.4M | $-6.8M | ||
| Q4 24 | $35.6M | $-3.8M | ||
| Q3 24 | $15.1M | $68.7M | ||
| Q2 24 | $19.2M | $68.6M | ||
| Q1 24 | $7.8M | $-36.5M |
| Q4 25 | 7.6% | -35.6% | ||
| Q3 25 | -0.8% | 49.4% | ||
| Q2 25 | 9.5% | 35.2% | ||
| Q1 25 | 4.0% | -3.1% | ||
| Q4 24 | 29.4% | -1.6% | ||
| Q3 24 | 11.1% | 30.3% | ||
| Q2 24 | 11.7% | 30.6% | ||
| Q1 24 | 4.9% | -16.4% |
| Q4 25 | 2.4% | 3.3% | ||
| Q3 25 | 2.1% | 0.7% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 2.2% | 1.4% | ||
| Q4 24 | 1.9% | 2.4% | ||
| Q3 24 | 2.1% | 0.2% | ||
| Q2 24 | 2.5% | 0.6% | ||
| Q1 24 | 1.7% | 0.9% |
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | 416.65× | -0.13× | ||
| Q4 24 | 2.38× | 0.04× | ||
| Q3 24 | 6.03× | 1.41× | ||
| Q2 24 | 6.15× | 2.69× | ||
| Q1 24 | 3.28× | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
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% |
