vs
Side-by-side financial comparison of PAMT CORP (PAMT) 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 $141.3M, roughly 1.4× PAMT CORP). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -20.7%, a 24.3% gap on every dollar of revenue. On growth, VIRTUS INVESTMENT PARTNERS, INC. posted the faster year-over-year revenue change (-4.1% vs -15.1%). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-5.7% CAGR vs -12.0%).
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.
PAMT vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $199.5M |
| Net Profit | $-29.3M | $7.1M |
| Gross Margin | — | — |
| Operating Margin | -27.0% | 7.7% |
| Net Margin | -20.7% | 3.6% |
| Revenue YoY | -15.1% | -4.1% |
| Net Profit YoY | 7.4% | -78.1% |
| EPS (diluted) | $-1.38 | $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 | — | $199.5M | ||
| Q4 25 | $141.3M | $208.0M | ||
| Q3 25 | $150.3M | $216.4M | ||
| Q2 25 | $151.1M | $210.5M | ||
| Q1 25 | $155.3M | $217.9M | ||
| Q4 24 | $166.5M | $233.5M | ||
| Q3 24 | $182.6M | $227.0M | ||
| Q2 24 | $182.9M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-29.3M | $33.9M | ||
| Q3 25 | $-5.6M | $31.3M | ||
| Q2 25 | $-9.6M | $42.7M | ||
| Q1 25 | $-8.1M | $28.1M | ||
| Q4 24 | $-31.6M | $39.5M | ||
| Q3 24 | $2.4M | $49.1M | ||
| Q2 24 | $-2.9M | $26.0M |
| Q1 26 | — | 7.7% | ||
| Q4 25 | -27.0% | 19.1% | ||
| Q3 25 | -3.8% | 21.7% | ||
| Q2 25 | -7.3% | 21.5% | ||
| Q1 25 | -5.9% | 16.8% | ||
| Q4 24 | -22.6% | 21.7% | ||
| Q3 24 | 1.3% | 24.3% | ||
| Q2 24 | -0.4% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | -20.7% | 16.3% | ||
| Q3 25 | -3.7% | 14.5% | ||
| Q2 25 | -6.4% | 20.3% | ||
| Q1 25 | -5.2% | 12.9% | ||
| Q4 24 | -19.0% | 16.9% | ||
| Q3 24 | 1.3% | 21.6% | ||
| Q2 24 | -1.6% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-1.38 | $5.15 | ||
| Q3 25 | $-0.27 | $4.65 | ||
| Q2 25 | $-0.46 | $6.12 | ||
| Q1 25 | $-0.37 | $4.05 | ||
| Q4 24 | $-1.44 | $4.65 | ||
| Q3 24 | $0.11 | $5.71 | ||
| Q2 24 | $-0.13 | $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 | $83.7M | $136.6M |
| Total DebtLower is stronger | $333.9M | — |
| Stockholders' EquityBook value | $210.5M | $93.6B |
| Total Assets | $697.9M | — |
| Debt / EquityLower = less leverage | 1.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $83.7M | — | ||
| Q3 25 | $115.6M | — | ||
| Q2 25 | $117.3M | — | ||
| Q1 25 | $102.7M | — | ||
| Q4 24 | $110.7M | — | ||
| Q3 24 | $92.3M | — | ||
| Q2 24 | $114.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $333.9M | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | $325.6M | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $210.5M | $934.0M | ||
| Q3 25 | $239.5M | $918.7M | ||
| Q2 25 | $244.9M | $896.4M | ||
| Q1 25 | $269.6M | $893.7M | ||
| Q4 24 | $277.5M | $897.5M | ||
| Q3 24 | $308.9M | $889.0M | ||
| Q2 24 | $306.7M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $697.9M | $4.3B | ||
| Q3 25 | $715.2M | $3.9B | ||
| Q2 25 | $707.9M | $3.7B | ||
| Q1 25 | $712.6M | $3.7B | ||
| Q4 24 | $741.7M | $4.0B | ||
| Q3 24 | $756.7M | $3.6B | ||
| Q2 24 | $733.5M | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 1.17× | 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 | $-5.8M | — |
| Free Cash FlowOCF − Capex | $-25.0M | — |
| FCF MarginFCF / Revenue | -17.7% | — |
| Capex IntensityCapex / Revenue | 13.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-5.8M | $-67.2M | ||
| Q3 25 | $5.9M | $108.3M | ||
| Q2 25 | $12.2M | $75.8M | ||
| Q1 25 | $5.0M | $-3.8M | ||
| Q4 24 | $15.2M | $1.8M | ||
| Q3 24 | $15.5M | $69.1M | ||
| Q2 24 | $18.7M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-25.0M | $-74.1M | ||
| Q3 25 | $2.5M | $106.9M | ||
| Q2 25 | $5.9M | $74.2M | ||
| Q1 25 | $-6.8M | $-6.8M | ||
| Q4 24 | $-39.9M | $-3.8M | ||
| Q3 24 | $-33.6M | $68.7M | ||
| Q2 24 | $4.1M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | -17.7% | -35.6% | ||
| Q3 25 | 1.7% | 49.4% | ||
| Q2 25 | 3.9% | 35.2% | ||
| Q1 25 | -4.4% | -3.1% | ||
| Q4 24 | -24.0% | -1.6% | ||
| Q3 24 | -18.4% | 30.3% | ||
| Q2 24 | 2.2% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 13.6% | 3.3% | ||
| Q3 25 | 2.3% | 0.7% | ||
| Q2 25 | 4.2% | 0.7% | ||
| Q1 25 | 7.6% | 1.4% | ||
| Q4 24 | 33.1% | 2.4% | ||
| Q3 24 | 26.9% | 0.2% | ||
| Q2 24 | 8.0% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | 6.44× | 1.41× | ||
| Q2 24 | — | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
