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Side-by-side financial comparison of NWPX Infrastructure, Inc. (NWPX) 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 $138.3M, roughly 1.4× NWPX Infrastructure, Inc.). NWPX Infrastructure, Inc. runs the higher net margin — 7.6% vs 3.6%, a 4.1% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs -4.1%). Over the past eight quarters, NWPX Infrastructure, Inc.'s revenue compounded faster (3.3% CAGR vs -5.7%).
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.
NWPX vs VRTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $138.3M | $199.5M |
| Net Profit | $10.5M | $7.1M |
| Gross Margin | 19.3% | — |
| Operating Margin | 9.2% | 7.7% |
| Net Margin | 7.6% | 3.6% |
| Revenue YoY | 19.1% | -4.1% |
| Net Profit YoY | 165.7% | -78.1% |
| EPS (diluted) | $1.08 | $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 | $138.3M | $199.5M | ||
| Q4 25 | $125.6M | $208.0M | ||
| Q3 25 | $151.1M | $216.4M | ||
| Q2 25 | $133.2M | $210.5M | ||
| Q1 25 | $116.1M | $217.9M | ||
| Q4 24 | $119.6M | $233.5M | ||
| Q3 24 | $130.2M | $227.0M | ||
| Q2 24 | $129.5M | $224.4M |
| Q1 26 | $10.5M | $7.1M | ||
| Q4 25 | $8.9M | $33.9M | ||
| Q3 25 | $13.5M | $31.3M | ||
| Q2 25 | $9.1M | $42.7M | ||
| Q1 25 | $4.0M | $28.1M | ||
| Q4 24 | $10.1M | $39.5M | ||
| Q3 24 | $10.3M | $49.1M | ||
| Q2 24 | $8.6M | $26.0M |
| Q1 26 | 19.3% | — | ||
| Q4 25 | 21.3% | — | ||
| Q3 25 | 21.3% | — | ||
| Q2 25 | 19.0% | — | ||
| Q1 25 | 16.7% | — | ||
| Q4 24 | 18.8% | — | ||
| Q3 24 | 20.8% | — | ||
| Q2 24 | 19.9% | — |
| Q1 26 | 9.2% | 7.7% | ||
| Q4 25 | 10.4% | 19.1% | ||
| Q3 25 | 12.6% | 21.7% | ||
| Q2 25 | 9.9% | 21.5% | ||
| Q1 25 | 4.8% | 16.8% | ||
| Q4 24 | 8.8% | 21.7% | ||
| Q3 24 | 11.9% | 24.3% | ||
| Q2 24 | 10.5% | 19.7% |
| Q1 26 | 7.6% | 3.6% | ||
| Q4 25 | 7.1% | 16.3% | ||
| Q3 25 | 8.9% | 14.5% | ||
| Q2 25 | 6.8% | 20.3% | ||
| Q1 25 | 3.4% | 12.9% | ||
| Q4 24 | 8.4% | 16.9% | ||
| Q3 24 | 7.9% | 21.6% | ||
| Q2 24 | 6.7% | 11.6% |
| Q1 26 | $1.08 | $1.05 | ||
| Q4 25 | $0.88 | $5.15 | ||
| Q3 25 | $1.38 | $4.65 | ||
| Q2 25 | $0.91 | $6.12 | ||
| Q1 25 | $0.39 | $4.05 | ||
| Q4 24 | $1.00 | $4.65 | ||
| Q3 24 | $1.02 | $5.71 | ||
| Q2 24 | $0.86 | $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 | $14.3M | $136.6M |
| Total DebtLower is stronger | $10.7M | — |
| Stockholders' EquityBook value | $403.7M | $93.6B |
| Total Assets | $634.1M | — |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | $136.6M | ||
| Q4 25 | $2.3M | — | ||
| Q3 25 | $2.7M | — | ||
| Q2 25 | $2.0M | — | ||
| Q1 25 | $5.3M | — | ||
| Q4 24 | $5.0M | — | ||
| Q3 24 | $5.7M | — | ||
| Q2 24 | $4.5M | — |
| Q1 26 | $10.7M | — | ||
| 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 26 | $403.7M | $93.6B | ||
| Q4 25 | $394.8M | $934.0M | ||
| Q3 25 | $386.4M | $918.7M | ||
| Q2 25 | $379.5M | $896.4M | ||
| Q1 25 | $378.5M | $893.7M | ||
| Q4 24 | $374.0M | $897.5M | ||
| Q3 24 | $362.4M | $889.0M | ||
| Q2 24 | $351.2M | $868.7M |
| Q1 26 | $634.1M | — | ||
| Q4 25 | $579.6M | $4.3B | ||
| Q3 25 | $605.2M | $3.9B | ||
| Q2 25 | $592.6M | $3.7B | ||
| Q1 25 | $582.2M | $3.7B | ||
| Q4 24 | $589.7M | $4.0B | ||
| Q3 24 | $617.2M | $3.6B | ||
| Q2 24 | $631.7M | $3.6B |
| Q1 26 | 0.03× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $29.3M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.3M | — | ||
| Q4 25 | $36.0M | $-67.2M | ||
| Q3 25 | $21.0M | $108.3M | ||
| Q2 25 | $5.4M | $75.8M | ||
| Q1 25 | $4.8M | $-3.8M | ||
| Q4 24 | $36.1M | $1.8M | ||
| Q3 24 | $22.7M | $69.1M | ||
| Q2 24 | $22.3M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $30.8M | $-74.1M | ||
| Q3 25 | $13.2M | $106.9M | ||
| Q2 25 | $1.9M | $74.2M | ||
| Q1 25 | $1.2M | $-6.8M | ||
| Q4 24 | $31.9M | $-3.8M | ||
| Q3 24 | $16.8M | $68.7M | ||
| Q2 24 | $16.2M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 24.5% | -35.6% | ||
| Q3 25 | 8.7% | 49.4% | ||
| Q2 25 | 1.4% | 35.2% | ||
| Q1 25 | 1.0% | -3.1% | ||
| Q4 24 | 26.7% | -1.6% | ||
| Q3 24 | 12.9% | 30.3% | ||
| Q2 24 | 12.5% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 3.3% | ||
| Q3 25 | 5.2% | 0.7% | ||
| Q2 25 | 2.6% | 0.7% | ||
| Q1 25 | 3.2% | 1.4% | ||
| Q4 24 | 3.5% | 2.4% | ||
| Q3 24 | 4.6% | 0.2% | ||
| Q2 24 | 4.7% | 0.6% |
| Q1 26 | 2.78× | — | ||
| Q4 25 | 4.06× | -1.99× | ||
| Q3 25 | 1.55× | 3.45× | ||
| Q2 25 | 0.60× | 1.77× | ||
| Q1 25 | 1.22× | -0.13× | ||
| Q4 24 | 3.58× | 0.04× | ||
| Q3 24 | 2.22× | 1.41× | ||
| Q2 24 | 2.58× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NWPX
| Water Transmission Systems | $93.5M | 68% |
| Precast Infrastructure and Engineered Systems | $44.8M | 32% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
