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Side-by-side financial comparison of Mistras Group, Inc. (MG) 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 $181.5M, roughly 1.1× Mistras Group, Inc.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 2.1%, a 14.2% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -10.9%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-74.1M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% CAGR vs -3.2%).
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
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.
MG vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $208.0M |
| Net Profit | $3.8M | $33.9M |
| Gross Margin | 28.4% | — |
| Operating Margin | 7.0% | 19.1% |
| Net Margin | 2.1% | 16.3% |
| Revenue YoY | 5.1% | -10.9% |
| Net Profit YoY | -27.4% | -14.2% |
| EPS (diluted) | $0.12 | $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 | $181.5M | $208.0M | ||
| Q3 25 | $195.5M | $216.4M | ||
| Q2 25 | $185.4M | $210.5M | ||
| Q1 25 | $161.6M | $217.9M | ||
| Q4 24 | $172.7M | $233.5M | ||
| Q3 24 | $182.7M | $227.0M | ||
| Q2 24 | $189.8M | $224.4M | ||
| Q1 24 | $184.4M | $222.0M |
| Q4 25 | $3.8M | $33.9M | ||
| Q3 25 | $13.1M | $31.3M | ||
| Q2 25 | $3.0M | $42.7M | ||
| Q1 25 | $-3.2M | $28.1M | ||
| Q4 24 | $5.2M | $39.5M | ||
| Q3 24 | $6.4M | $49.1M | ||
| Q2 24 | $6.4M | $26.0M | ||
| Q1 24 | $995.0K | $37.9M |
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 29.1% | — | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 26.8% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 25.0% | — |
| Q4 25 | 7.0% | 19.1% | ||
| Q3 25 | 10.4% | 21.7% | ||
| Q2 25 | 4.5% | 21.5% | ||
| Q1 25 | -0.6% | 16.8% | ||
| Q4 24 | 6.1% | 21.7% | ||
| Q3 24 | 6.5% | 24.3% | ||
| Q2 24 | 6.3% | 19.7% | ||
| Q1 24 | 3.0% | 14.5% |
| Q4 25 | 2.1% | 16.3% | ||
| Q3 25 | 6.7% | 14.5% | ||
| Q2 25 | 1.6% | 20.3% | ||
| Q1 25 | -2.0% | 12.9% | ||
| Q4 24 | 3.0% | 16.9% | ||
| Q3 24 | 3.5% | 21.6% | ||
| Q2 24 | 3.4% | 11.6% | ||
| Q1 24 | 0.5% | 17.1% |
| Q4 25 | $0.12 | $5.15 | ||
| Q3 25 | $0.41 | $4.65 | ||
| Q2 25 | $0.10 | $6.12 | ||
| Q1 25 | $-0.10 | $4.05 | ||
| Q4 24 | $0.17 | $4.65 | ||
| Q3 24 | $0.20 | $5.71 | ||
| Q2 24 | $0.20 | $2.43 | ||
| Q1 24 | $0.03 | $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 | $28.0M | — |
| Total DebtLower is stronger | $178.0M | $390.0M |
| Stockholders' EquityBook value | $235.1M | $934.0M |
| Total Assets | $578.8M | $4.3B |
| Debt / EquityLower = less leverage | 0.76× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | — | ||
| Q3 25 | $27.8M | — | ||
| Q2 25 | $20.0M | — | ||
| Q1 25 | $18.5M | — | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | $20.4M | — | ||
| Q2 24 | $17.2M | — | ||
| Q1 24 | $16.9M | — |
| Q4 25 | $178.0M | $390.0M | ||
| Q3 25 | $202.3M | $390.6M | ||
| Q2 25 | $189.4M | $231.3M | ||
| Q1 25 | $171.9M | $231.7M | ||
| Q4 24 | $169.6M | $232.1M | ||
| Q3 24 | $189.7M | $237.5M | ||
| Q2 24 | $199.7M | $247.6M | ||
| Q1 24 | $198.4M | $253.0M |
| Q4 25 | $235.1M | $934.0M | ||
| Q3 25 | $227.4M | $918.7M | ||
| Q2 25 | $215.8M | $896.4M | ||
| Q1 25 | $198.7M | $893.7M | ||
| Q4 24 | $198.6M | $897.5M | ||
| Q3 24 | $205.2M | $889.0M | ||
| Q2 24 | $193.2M | $868.7M | ||
| Q1 24 | $187.1M | $871.7M |
| Q4 25 | $578.8M | $4.3B | ||
| Q3 25 | $596.3M | $3.9B | ||
| Q2 25 | $571.0M | $3.7B | ||
| Q1 25 | $526.8M | $3.7B | ||
| Q4 24 | $523.0M | $4.0B | ||
| Q3 24 | $551.7M | $3.6B | ||
| Q2 24 | $548.1M | $3.6B | ||
| Q1 24 | $542.1M | $3.5B |
| Q4 25 | 0.76× | 0.42× | ||
| Q3 25 | 0.89× | 0.43× | ||
| Q2 25 | 0.88× | 0.26× | ||
| Q1 25 | 0.87× | 0.26× | ||
| Q4 24 | 0.85× | 0.26× | ||
| Q3 24 | 0.92× | 0.27× | ||
| Q2 24 | 1.03× | 0.29× | ||
| Q1 24 | 1.06× | 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 | $32.1M | $-67.2M |
| Free Cash FlowOCF − Capex | $26.0M | $-74.1M |
| FCF MarginFCF / Revenue | 14.3% | -35.6% |
| Capex IntensityCapex / Revenue | 3.4% | 3.3% |
| Cash ConversionOCF / Net Profit | 8.55× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $-67.2M | ||
| Q3 25 | $4.5M | $108.3M | ||
| Q2 25 | $-9.3M | $75.8M | ||
| Q1 25 | $5.6M | $-3.8M | ||
| Q4 24 | $25.7M | $1.8M | ||
| Q3 24 | $19.4M | $69.1M | ||
| Q2 24 | $4.5M | $70.0M | ||
| Q1 24 | $604.0K | $-34.5M |
| Q4 25 | $26.0M | $-74.1M | ||
| Q3 25 | $-4.1M | $106.9M | ||
| Q2 25 | $-14.7M | $74.2M | ||
| Q1 25 | $1.1M | $-6.8M | ||
| Q4 24 | $22.1M | $-3.8M | ||
| Q3 24 | $14.6M | $68.7M | ||
| Q2 24 | $-284.0K | $68.6M | ||
| Q1 24 | $-4.2M | $-36.5M |
| Q4 25 | 14.3% | -35.6% | ||
| Q3 25 | -2.1% | 49.4% | ||
| Q2 25 | -7.9% | 35.2% | ||
| Q1 25 | 0.7% | -3.1% | ||
| Q4 24 | 12.8% | -1.6% | ||
| Q3 24 | 8.0% | 30.3% | ||
| Q2 24 | -0.1% | 30.6% | ||
| Q1 24 | -2.3% | -16.4% |
| Q4 25 | 3.4% | 3.3% | ||
| Q3 25 | 4.4% | 0.7% | ||
| Q2 25 | 2.9% | 0.7% | ||
| Q1 25 | 2.8% | 1.4% | ||
| Q4 24 | 2.1% | 2.4% | ||
| Q3 24 | 2.6% | 0.2% | ||
| Q2 24 | 2.5% | 0.6% | ||
| Q1 24 | 2.6% | 0.9% |
| Q4 25 | 8.55× | -1.99× | ||
| Q3 25 | 0.34× | 3.45× | ||
| Q2 25 | -3.07× | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | 4.96× | 0.04× | ||
| Q3 24 | 3.02× | 1.41× | ||
| Q2 24 | 0.71× | 2.69× | ||
| Q1 24 | 0.61× | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MG
Segment breakdown not available.
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% |
