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Side-by-side financial comparison of Soho House & Co Inc. (SHCO) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Soho House & Co Inc. is the larger business by last-quarter revenue ($370.8M vs $199.5M, roughly 1.9× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -5.0%, a 8.6% gap on every dollar of revenue. On growth, Soho House & Co Inc. posted the faster year-over-year revenue change (11.2% vs -4.1%). Over the past eight quarters, Soho House & Co Inc.'s revenue compounded faster (13.5% CAGR vs -5.7%).
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
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.
SHCO vs VRTS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $370.8M | $199.5M |
| Net Profit | $-18.7M | $7.1M |
| Gross Margin | — | — |
| Operating Margin | -1.6% | 7.7% |
| Net Margin | -5.0% | 3.6% |
| Revenue YoY | 11.2% | -4.1% |
| Net Profit YoY | -10790.3% | -78.1% |
| EPS (diluted) | $-0.10 | $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 | — | $208.0M | ||
| Q3 25 | $370.8M | $216.4M | ||
| Q2 25 | $329.8M | $210.5M | ||
| Q1 25 | $282.9M | $217.9M | ||
| Q4 24 | $305.6M | $233.5M | ||
| Q3 24 | $333.4M | $227.0M | ||
| Q2 24 | $302.9M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $33.9M | ||
| Q3 25 | $-18.7M | $31.3M | ||
| Q2 25 | $24.9M | $42.7M | ||
| Q1 25 | $8.2M | $28.1M | ||
| Q4 24 | $-91.7M | $39.5M | ||
| Q3 24 | $175.0K | $49.1M | ||
| Q2 24 | $-29.9M | $26.0M |
| Q1 26 | — | 7.7% | ||
| Q4 25 | — | 19.1% | ||
| Q3 25 | -1.6% | 21.7% | ||
| Q2 25 | 18.1% | 21.5% | ||
| Q1 25 | 12.3% | 16.8% | ||
| Q4 24 | -23.1% | 21.7% | ||
| Q3 24 | 11.4% | 24.3% | ||
| Q2 24 | -4.3% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | — | 16.3% | ||
| Q3 25 | -5.0% | 14.5% | ||
| Q2 25 | 7.5% | 20.3% | ||
| Q1 25 | 2.9% | 12.9% | ||
| Q4 24 | -30.0% | 16.9% | ||
| Q3 24 | 0.1% | 21.6% | ||
| Q2 24 | -9.9% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | — | $5.15 | ||
| Q3 25 | $-0.10 | $4.65 | ||
| Q2 25 | $0.13 | $6.12 | ||
| Q1 25 | $0.04 | $4.05 | ||
| Q4 24 | $-0.48 | $4.65 | ||
| Q3 24 | $0.00 | $5.71 | ||
| Q2 24 | $-0.15 | $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 | $142.5M | $136.6M |
| Total DebtLower is stronger | $735.8M | — |
| Stockholders' EquityBook value | $-351.6M | $93.6B |
| Total Assets | $2.7B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | — | — | ||
| Q3 25 | $142.5M | — | ||
| Q2 25 | $150.3M | — | ||
| Q1 25 | $150.1M | — | ||
| Q4 24 | $152.7M | — | ||
| Q3 24 | $142.8M | — | ||
| Q2 24 | $148.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | $735.8M | $390.6M | ||
| Q2 25 | $729.8M | $231.3M | ||
| Q1 25 | $705.1M | $231.7M | ||
| Q4 24 | $691.5M | $232.1M | ||
| Q3 24 | $694.8M | $237.5M | ||
| Q2 24 | $682.1M | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | — | $934.0M | ||
| Q3 25 | $-351.6M | $918.7M | ||
| Q2 25 | $-348.6M | $896.4M | ||
| Q1 25 | $-340.1M | $893.7M | ||
| Q4 24 | $-335.1M | $897.5M | ||
| Q3 24 | $-279.4M | $889.0M | ||
| Q2 24 | $-231.7M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | $2.7B | $3.9B | ||
| Q2 25 | $2.6B | $3.7B | ||
| Q1 25 | $2.5B | $3.7B | ||
| Q4 24 | $2.4B | $4.0B | ||
| Q3 24 | $2.6B | $3.6B | ||
| Q2 24 | $2.6B | $3.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.9M | — |
| Free Cash FlowOCF − Capex | $3.5M | — |
| FCF MarginFCF / Revenue | 0.9% | — |
| Capex IntensityCapex / Revenue | 8.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-67.2M | ||
| Q3 25 | $34.9M | $108.3M | ||
| Q2 25 | $41.0M | $75.8M | ||
| Q1 25 | $22.8M | $-3.8M | ||
| Q4 24 | $26.9M | $1.8M | ||
| Q3 24 | $20.6M | $69.1M | ||
| Q2 24 | $36.0M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-74.1M | ||
| Q3 25 | $3.5M | $106.9M | ||
| Q2 25 | $12.4M | $74.2M | ||
| Q1 25 | $7.5M | $-6.8M | ||
| Q4 24 | $18.5M | $-3.8M | ||
| Q3 24 | $10.3M | $68.7M | ||
| Q2 24 | $10.2M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | -35.6% | ||
| Q3 25 | 0.9% | 49.4% | ||
| Q2 25 | 3.8% | 35.2% | ||
| Q1 25 | 2.7% | -3.1% | ||
| Q4 24 | 6.1% | -1.6% | ||
| Q3 24 | 3.1% | 30.3% | ||
| Q2 24 | 3.4% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | 8.5% | 0.7% | ||
| Q2 25 | 8.7% | 0.7% | ||
| Q1 25 | 5.4% | 1.4% | ||
| Q4 24 | 2.7% | 2.4% | ||
| Q3 24 | 3.1% | 0.2% | ||
| Q2 24 | 8.5% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | 1.65× | 1.77× | ||
| Q1 25 | 2.79× | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | 117.70× | 1.41× | ||
| Q2 24 | — | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SHCO
| Membership | $122.7M | 33% |
| Other | $122.0M | 33% |
| Membership Revenue | $58.5M | 16% |
| Other Revenue | $28.5M | 8% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $24.8M | 7% |
| Elimination Of Equity Accounted Revenue | $13.4M | 4% |
| Related Party | $2.0M | 1% |
| Soho House | $1.0M | 0% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
