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Side-by-side financial comparison of Noble Corp plc (NE) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.
Virtu Financial, Inc. is the larger business by last-quarter revenue ($1.1B vs $764.4M, roughly 1.4× Noble Corp plc). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 11.3%, a 20.3% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs -17.6%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% CAGR vs 9.5%).
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
NE vs VIRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $764.4M | $1.1B |
| Net Profit | $86.6M | $346.6M |
| Gross Margin | — | — |
| Operating Margin | 5.6% | 37.4% |
| Net Margin | 11.3% | 31.6% |
| Revenue YoY | -17.6% | 30.7% |
| Net Profit YoY | -10.4% | 82.8% |
| EPS (diluted) | $0.54 | $1.99 |
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 | — | $1.1B | ||
| Q4 25 | $764.4M | $969.9M | ||
| Q3 25 | $798.0M | $824.8M | ||
| Q2 25 | $848.7M | $999.6M | ||
| Q1 25 | $874.5M | $837.9M | ||
| Q4 24 | $927.3M | $834.3M | ||
| Q3 24 | $800.5M | $706.8M | ||
| Q2 24 | $692.8M | $693.0M |
| Q1 26 | — | $346.6M | ||
| Q4 25 | $86.6M | $139.9M | ||
| Q3 25 | $-21.1M | $77.6M | ||
| Q2 25 | $42.9M | $151.2M | ||
| Q1 25 | $108.3M | $99.7M | ||
| Q4 24 | $96.6M | $94.1M | ||
| Q3 24 | $61.2M | $60.0M | ||
| Q2 24 | $195.0M | $66.6M |
| Q1 26 | — | 37.4% | ||
| Q4 25 | 5.6% | 35.4% | ||
| Q3 25 | 6.3% | 21.8% | ||
| Q2 25 | 15.9% | 34.7% | ||
| Q1 25 | 21.4% | 26.7% | ||
| Q4 24 | 18.4% | 24.3% | ||
| Q3 24 | 14.4% | 20.8% | ||
| Q2 24 | 30.3% | 22.4% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | 11.3% | 14.4% | ||
| Q3 25 | -2.6% | 9.4% | ||
| Q2 25 | 5.1% | 15.1% | ||
| Q1 25 | 12.4% | 11.9% | ||
| Q4 24 | 10.4% | 11.3% | ||
| Q3 24 | 7.6% | 8.5% | ||
| Q2 24 | 28.1% | 9.6% |
| Q1 26 | — | $1.99 | ||
| Q4 25 | $0.54 | $1.54 | ||
| Q3 25 | $-0.13 | $0.86 | ||
| Q2 25 | $0.27 | $1.65 | ||
| Q1 25 | $0.67 | $1.08 | ||
| Q4 24 | $0.56 | $1.03 | ||
| Q3 24 | $0.40 | $0.64 | ||
| Q2 24 | $1.34 | $0.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $471.4M | $973.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.5B | $2.2B |
| Total Assets | $7.5B | $25.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $973.2M | ||
| Q4 25 | $471.4M | $1.1B | ||
| Q3 25 | $477.9M | $707.9M | ||
| Q2 25 | $338.2M | $752.1M | ||
| Q1 25 | $303.8M | $723.6M | ||
| Q4 24 | $247.3M | $872.5M | ||
| Q3 24 | $391.9M | $701.4M | ||
| Q2 24 | $162.9M | $684.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $4.5B | $1.6B | ||
| Q3 25 | $4.5B | $1.5B | ||
| Q2 25 | $4.6B | $1.4B | ||
| Q1 25 | $4.7B | $1.3B | ||
| Q4 24 | $4.7B | $1.3B | ||
| Q3 24 | $4.7B | $1.2B | ||
| Q2 24 | $4.0B | $1.2B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $7.5B | $20.2B | ||
| Q3 25 | $7.6B | $21.3B | ||
| Q2 25 | $7.7B | $19.3B | ||
| Q1 25 | $7.9B | $17.5B | ||
| Q4 24 | $8.0B | $15.4B | ||
| Q3 24 | $8.0B | $14.4B | ||
| Q2 24 | $5.6B | $13.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.29× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.33× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.41× |
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 | $187.1M | — |
| Free Cash FlowOCF − Capex | $35.4M | — |
| FCF MarginFCF / Revenue | 4.6% | — |
| Capex IntensityCapex / Revenue | 19.9% | — |
| Cash ConversionOCF / Net Profit | 2.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $432.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $187.1M | $518.4M | ||
| Q3 25 | $277.1M | $-68.7M | ||
| Q2 25 | $216.4M | $62.8M | ||
| Q1 25 | $271.1M | $15.0M | ||
| Q4 24 | $136.2M | $599.0M | ||
| Q3 24 | $283.8M | $112.1M | ||
| Q2 24 | $106.8M | $490.8M |
| Q1 26 | — | — | ||
| Q4 25 | $35.4M | $495.6M | ||
| Q3 25 | $139.5M | $-76.7M | ||
| Q2 25 | $99.8M | $57.6M | ||
| Q1 25 | $157.5M | $9.2M | ||
| Q4 24 | $-4.4M | $586.6M | ||
| Q3 24 | $156.8M | $106.2M | ||
| Q2 24 | $-34.3M | $486.9M |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 51.1% | ||
| Q3 25 | 17.5% | -9.3% | ||
| Q2 25 | 11.8% | 5.8% | ||
| Q1 25 | 18.0% | 1.1% | ||
| Q4 24 | -0.5% | 70.3% | ||
| Q3 24 | 19.6% | 15.0% | ||
| Q2 24 | -4.9% | 70.3% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 2.4% | ||
| Q3 25 | 17.3% | 1.0% | ||
| Q2 25 | 13.7% | 0.5% | ||
| Q1 25 | 13.0% | 0.7% | ||
| Q4 24 | 15.2% | 1.5% | ||
| Q3 24 | 15.9% | 0.8% | ||
| Q2 24 | 20.4% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.16× | 3.71× | ||
| Q3 25 | — | -0.89× | ||
| Q2 25 | 5.05× | 0.42× | ||
| Q1 25 | 2.50× | 0.15× | ||
| Q4 24 | 1.41× | 6.37× | ||
| Q3 24 | 4.64× | 1.87× | ||
| Q2 24 | 0.55× | 7.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
