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Side-by-side financial comparison of PACS Group, Inc. (PACS) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.

PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.2× Virtu Financial, Inc.). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 4.4%, a 27.2% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs 18.4%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% CAGR vs 20.5%).

PACS vs VIRT — Head-to-Head

Bigger by revenue
PACS
PACS
1.2× larger
PACS
$1.4B
$1.1B
VIRT
Growing faster (revenue YoY)
VIRT
VIRT
+12.3% gap
VIRT
30.7%
18.4%
PACS
Higher net margin
VIRT
VIRT
27.2% more per $
VIRT
31.6%
4.4%
PACS
Faster 2-yr revenue CAGR
VIRT
VIRT
Annualised
VIRT
25.7%
20.5%
PACS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PACS
PACS
VIRT
VIRT
Revenue
$1.4B
$1.1B
Net Profit
$59.7M
$346.6M
Gross Margin
Operating Margin
7.0%
37.4%
Net Margin
4.4%
31.6%
Revenue YoY
18.4%
30.7%
Net Profit YoY
3022.5%
82.8%
EPS (diluted)
$0.42
$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.

Revenue
PACS
PACS
VIRT
VIRT
Q1 26
$1.1B
Q4 25
$1.4B
$969.9M
Q3 25
$1.3B
$824.8M
Q2 25
$1.3B
$999.6M
Q1 25
$1.3B
$837.9M
Q4 24
$1.1B
$834.3M
Q3 24
$1.0B
$706.8M
Q2 24
$981.4M
$693.0M
Net Profit
PACS
PACS
VIRT
VIRT
Q1 26
$346.6M
Q4 25
$59.7M
$139.9M
Q3 25
$52.4M
$77.6M
Q2 25
$51.0M
$151.2M
Q1 25
$28.5M
$99.7M
Q4 24
$1.9M
$94.1M
Q3 24
$15.6M
$60.0M
Q2 24
$-10.9M
$66.6M
Gross Margin
PACS
PACS
VIRT
VIRT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
17.1%
Q2 24
22.3%
Operating Margin
PACS
PACS
VIRT
VIRT
Q1 26
37.4%
Q4 25
7.0%
35.4%
Q3 25
6.4%
21.8%
Q2 25
6.2%
34.7%
Q1 25
3.8%
26.7%
Q4 24
1.7%
24.3%
Q3 24
2.2%
20.8%
Q2 24
0.1%
22.4%
Net Margin
PACS
PACS
VIRT
VIRT
Q1 26
31.6%
Q4 25
4.4%
14.4%
Q3 25
3.9%
9.4%
Q2 25
3.9%
15.1%
Q1 25
2.2%
11.9%
Q4 24
0.2%
11.3%
Q3 24
1.5%
8.5%
Q2 24
-1.1%
9.6%
EPS (diluted)
PACS
PACS
VIRT
VIRT
Q1 26
$1.99
Q4 25
$0.42
$1.54
Q3 25
$0.32
$0.86
Q2 25
$0.31
$1.65
Q1 25
$0.17
$1.08
Q4 24
$-0.03
$1.03
Q3 24
$0.10
$0.64
Q2 24
$-0.07
$0.71

Balance Sheet & Financial Strength

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

Metric
PACS
PACS
VIRT
VIRT
Cash + ST InvestmentsLiquidity on hand
$197.0M
$973.2M
Total DebtLower is stronger
$353.2M
Stockholders' EquityBook value
$946.8M
$2.2B
Total Assets
$5.6B
$25.1B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACS
PACS
VIRT
VIRT
Q1 26
$973.2M
Q4 25
$197.0M
$1.1B
Q3 25
$355.7M
$707.9M
Q2 25
$294.2M
$752.1M
Q1 25
$287.5M
$723.6M
Q4 24
$157.7M
$872.5M
Q3 24
$49.5M
$701.4M
Q2 24
$73.4M
$684.8M
Total Debt
PACS
PACS
VIRT
VIRT
Q1 26
Q4 25
$353.2M
$2.0B
Q3 25
$2.0B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$411.9M
$1.7B
Q3 24
$1.7B
Q2 24
$1.7B
Stockholders' Equity
PACS
PACS
VIRT
VIRT
Q1 26
$2.2B
Q4 25
$946.8M
$1.6B
Q3 25
$871.3M
$1.5B
Q2 25
$806.8M
$1.4B
Q1 25
$750.2M
$1.3B
Q4 24
$709.6M
$1.3B
Q3 24
$660.0M
$1.2B
Q2 24
$572.1M
$1.2B
Total Assets
PACS
PACS
VIRT
VIRT
Q1 26
$25.1B
Q4 25
$5.6B
$20.2B
Q3 25
$5.6B
$21.3B
Q2 25
$5.5B
$19.3B
Q1 25
$5.5B
$17.5B
Q4 24
$5.2B
$15.4B
Q3 24
$4.5B
$14.4B
Q2 24
$3.9B
$13.9B
Debt / Equity
PACS
PACS
VIRT
VIRT
Q1 26
Q4 25
0.37×
1.29×
Q3 25
1.40×
Q2 25
1.24×
Q1 25
1.33×
Q4 24
0.58×
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
PACS
PACS
VIRT
VIRT
Operating Cash FlowLast quarter
$-3.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.06×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACS
PACS
VIRT
VIRT
Q1 26
Q4 25
$-3.4M
$518.4M
Q3 25
$204.8M
$-68.7M
Q2 25
$52.6M
$62.8M
Q1 25
$150.2M
$15.0M
Q4 24
$64.6M
$599.0M
Q3 24
$209.2M
$112.1M
Q2 24
$34.8M
$490.8M
Free Cash Flow
PACS
PACS
VIRT
VIRT
Q1 26
Q4 25
$495.6M
Q3 25
$-76.7M
Q2 25
$57.6M
Q1 25
$9.2M
Q4 24
$586.6M
Q3 24
$106.2M
Q2 24
$486.9M
FCF Margin
PACS
PACS
VIRT
VIRT
Q1 26
Q4 25
51.1%
Q3 25
-9.3%
Q2 25
5.8%
Q1 25
1.1%
Q4 24
70.3%
Q3 24
15.0%
Q2 24
70.3%
Capex Intensity
PACS
PACS
VIRT
VIRT
Q1 26
Q4 25
2.4%
Q3 25
1.0%
Q2 25
0.5%
Q1 25
0.7%
Q4 24
1.5%
Q3 24
0.8%
Q2 24
0.6%
Cash Conversion
PACS
PACS
VIRT
VIRT
Q1 26
Q4 25
-0.06×
3.71×
Q3 25
3.91×
-0.89×
Q2 25
1.03×
0.42×
Q1 25
5.28×
0.15×
Q4 24
33.78×
6.37×
Q3 24
13.39×
1.87×
Q2 24
7.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PACS
PACS

Segment breakdown not available.

VIRT
VIRT

Trading income, net$789.1M72%
Commissions, net and technology services$186.6M17%
Other$119.6M11%

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