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Side-by-side financial comparison of MILLER INDUSTRIES INC (MLR) 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 $171.9M, roughly 1.2× MILLER INDUSTRIES INC). On growth, VIRTUS INVESTMENT PARTNERS, INC. posted the faster year-over-year revenue change (-4.1% vs -22.5%). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-5.7% CAGR vs -29.9%).

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

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.

MLR vs VRTS — Head-to-Head

Bigger by revenue
VRTS
VRTS
1.2× larger
VRTS
$199.5M
$171.9M
MLR
Growing faster (revenue YoY)
VRTS
VRTS
+18.4% gap
VRTS
-4.1%
-22.5%
MLR
Faster 2-yr revenue CAGR
VRTS
VRTS
Annualised
VRTS
-5.7%
-29.9%
MLR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MLR
MLR
VRTS
VRTS
Revenue
$171.9M
$199.5M
Net Profit
$7.1M
Gross Margin
15.4%
Operating Margin
2.9%
7.7%
Net Margin
3.6%
Revenue YoY
-22.5%
-4.1%
Net Profit YoY
-78.1%
EPS (diluted)
$0.29
$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.

Revenue
MLR
MLR
VRTS
VRTS
Q1 26
$199.5M
Q4 25
$171.9M
$208.0M
Q3 25
$178.7M
$216.4M
Q2 25
$214.0M
$210.5M
Q1 25
$225.7M
$217.9M
Q4 24
$221.9M
$233.5M
Q3 24
$314.3M
$227.0M
Q2 24
$371.5M
$224.4M
Net Profit
MLR
MLR
VRTS
VRTS
Q1 26
$7.1M
Q4 25
$33.9M
Q3 25
$3.1M
$31.3M
Q2 25
$8.5M
$42.7M
Q1 25
$8.1M
$28.1M
Q4 24
$39.5M
Q3 24
$15.4M
$49.1M
Q2 24
$20.5M
$26.0M
Gross Margin
MLR
MLR
VRTS
VRTS
Q1 26
Q4 25
15.4%
Q3 25
14.2%
Q2 25
16.2%
Q1 25
15.0%
Q4 24
15.1%
Q3 24
13.4%
Q2 24
13.8%
Operating Margin
MLR
MLR
VRTS
VRTS
Q1 26
7.7%
Q4 25
2.9%
19.1%
Q3 25
2.4%
21.7%
Q2 25
5.3%
21.5%
Q1 25
4.8%
16.8%
Q4 24
5.7%
21.7%
Q3 24
6.3%
24.3%
Q2 24
7.1%
19.7%
Net Margin
MLR
MLR
VRTS
VRTS
Q1 26
3.6%
Q4 25
16.3%
Q3 25
1.7%
14.5%
Q2 25
4.0%
20.3%
Q1 25
3.6%
12.9%
Q4 24
16.9%
Q3 24
4.9%
21.6%
Q2 24
5.5%
11.6%
EPS (diluted)
MLR
MLR
VRTS
VRTS
Q1 26
$1.05
Q4 25
$0.29
$5.15
Q3 25
$0.27
$4.65
Q2 25
$0.73
$6.12
Q1 25
$0.69
$4.05
Q4 24
$0.89
$4.65
Q3 24
$1.33
$5.71
Q2 24
$1.78
$2.43

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MLR
MLR
VRTS
VRTS
Cash + ST InvestmentsLiquidity on hand
$136.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$420.6M
$93.6B
Total Assets
$589.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLR
MLR
VRTS
VRTS
Q1 26
$136.6M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
MLR
MLR
VRTS
VRTS
Q1 26
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
Stockholders' Equity
MLR
MLR
VRTS
VRTS
Q1 26
$93.6B
Q4 25
$420.6M
$934.0M
Q3 25
$420.7M
$918.7M
Q2 25
$418.6M
$896.4M
Q1 25
$406.5M
$893.7M
Q4 24
$401.0M
$897.5M
Q3 24
$395.2M
$889.0M
Q2 24
$379.9M
$868.7M
Total Assets
MLR
MLR
VRTS
VRTS
Q1 26
Q4 25
$589.7M
$4.3B
Q3 25
$604.3M
$3.9B
Q2 25
$622.9M
$3.7B
Q1 25
$639.7M
$3.7B
Q4 24
$667.0M
$4.0B
Q3 24
$755.3M
$3.6B
Q2 24
$748.2M
$3.6B
Debt / Equity
MLR
MLR
VRTS
VRTS
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MLR
MLR
VRTS
VRTS
Operating Cash FlowLast quarter
$48.9M
Free Cash FlowOCF − Capex
$43.8M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$85.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLR
MLR
VRTS
VRTS
Q1 26
Q4 25
$48.9M
$-67.2M
Q3 25
$19.9M
$108.3M
Q2 25
$27.2M
$75.8M
Q1 25
$2.7M
$-3.8M
Q4 24
$-11.7M
$1.8M
Q3 24
$30.3M
$69.1M
Q2 24
$-10.7M
$70.0M
Free Cash Flow
MLR
MLR
VRTS
VRTS
Q1 26
Q4 25
$43.8M
$-74.1M
Q3 25
$18.1M
$106.9M
Q2 25
$25.6M
$74.2M
Q1 25
$-2.4M
$-6.8M
Q4 24
$-13.0M
$-3.8M
Q3 24
$24.0M
$68.7M
Q2 24
$-13.8M
$68.6M
FCF Margin
MLR
MLR
VRTS
VRTS
Q1 26
Q4 25
25.5%
-35.6%
Q3 25
10.1%
49.4%
Q2 25
11.9%
35.2%
Q1 25
-1.1%
-3.1%
Q4 24
-5.9%
-1.6%
Q3 24
7.6%
30.3%
Q2 24
-3.7%
30.6%
Capex Intensity
MLR
MLR
VRTS
VRTS
Q1 26
Q4 25
3.0%
3.3%
Q3 25
1.0%
0.7%
Q2 25
0.8%
0.7%
Q1 25
2.3%
1.4%
Q4 24
0.6%
2.4%
Q3 24
2.0%
0.2%
Q2 24
0.8%
0.6%
Cash Conversion
MLR
MLR
VRTS
VRTS
Q1 26
Q4 25
-1.99×
Q3 25
6.46×
3.45×
Q2 25
3.22×
1.77×
Q1 25
0.34×
-0.13×
Q4 24
0.04×
Q3 24
1.96×
1.41×
Q2 24
-0.52×
2.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MLR
MLR

Segment breakdown not available.

VRTS
VRTS

Investment management fees$169.1M85%
Administration and shareholder service fees$17.3M9%
Distribution and service fees$11.6M6%

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