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Side-by-side financial comparison of Spectrum Brands Holdings, Inc. (SPB) 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 $677.0M, roughly 1.6× Spectrum Brands Holdings, Inc.). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 4.2%, a 27.4% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs -3.3%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% CAGR vs -2.9%).

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.

SPB vs VIRT — Head-to-Head

Bigger by revenue
VIRT
VIRT
1.6× larger
VIRT
$1.1B
$677.0M
SPB
Growing faster (revenue YoY)
VIRT
VIRT
+34.0% gap
VIRT
30.7%
-3.3%
SPB
Higher net margin
VIRT
VIRT
27.4% more per $
VIRT
31.6%
4.2%
SPB
Faster 2-yr revenue CAGR
VIRT
VIRT
Annualised
VIRT
25.7%
-2.9%
SPB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
SPB
SPB
VIRT
VIRT
Revenue
$677.0M
$1.1B
Net Profit
$28.4M
$346.6M
Gross Margin
35.7%
Operating Margin
4.0%
37.4%
Net Margin
4.2%
31.6%
Revenue YoY
-3.3%
30.7%
Net Profit YoY
20.9%
82.8%
EPS (diluted)
$1.21
$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
SPB
SPB
VIRT
VIRT
Q1 26
$1.1B
Q4 25
$677.0M
$969.9M
Q3 25
$733.5M
$824.8M
Q2 25
$699.6M
$999.6M
Q1 25
$675.7M
$837.9M
Q4 24
$700.2M
$834.3M
Q3 24
$773.8M
$706.8M
Q2 24
$779.4M
$693.0M
Net Profit
SPB
SPB
VIRT
VIRT
Q1 26
$346.6M
Q4 25
$28.4M
$139.9M
Q3 25
$55.6M
$77.6M
Q2 25
$19.9M
$151.2M
Q1 25
$900.0K
$99.7M
Q4 24
$23.5M
$94.1M
Q3 24
$28.5M
$60.0M
Q2 24
$6.1M
$66.6M
Gross Margin
SPB
SPB
VIRT
VIRT
Q1 26
Q4 25
35.7%
Q3 25
35.0%
Q2 25
37.8%
Q1 25
37.5%
Q4 24
36.8%
Q3 24
37.2%
Q2 24
38.9%
Operating Margin
SPB
SPB
VIRT
VIRT
Q1 26
37.4%
Q4 25
4.0%
35.4%
Q3 25
4.0%
21.8%
Q2 25
4.5%
34.7%
Q1 25
2.9%
26.7%
Q4 24
6.4%
24.3%
Q3 24
2.8%
20.8%
Q2 24
6.1%
22.4%
Net Margin
SPB
SPB
VIRT
VIRT
Q1 26
31.6%
Q4 25
4.2%
14.4%
Q3 25
7.6%
9.4%
Q2 25
2.8%
15.1%
Q1 25
0.1%
11.9%
Q4 24
3.4%
11.3%
Q3 24
3.7%
8.5%
Q2 24
0.8%
9.6%
EPS (diluted)
SPB
SPB
VIRT
VIRT
Q1 26
$1.99
Q4 25
$1.21
$1.54
Q3 25
$2.19
$0.86
Q2 25
$0.80
$1.65
Q1 25
$0.03
$1.08
Q4 24
$0.84
$1.03
Q3 24
$1.03
$0.64
Q2 24
$0.21
$0.71

Balance Sheet & Financial Strength

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

Metric
SPB
SPB
VIRT
VIRT
Cash + ST InvestmentsLiquidity on hand
$126.6M
$973.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$2.2B
Total Assets
$3.4B
$25.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPB
SPB
VIRT
VIRT
Q1 26
$973.2M
Q4 25
$126.6M
$1.1B
Q3 25
$123.6M
$707.9M
Q2 25
$122.0M
$752.1M
Q1 25
$96.0M
$723.6M
Q4 24
$179.9M
$872.5M
Q3 24
$368.9M
$701.4M
Q2 24
$306.8M
$684.8M
Total Debt
SPB
SPB
VIRT
VIRT
Q1 26
Q4 25
$2.0B
Q3 25
$496.1M
$2.0B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$496.1M
$1.7B
Q2 24
$1.7B
Stockholders' Equity
SPB
SPB
VIRT
VIRT
Q1 26
$2.2B
Q4 25
$1.9B
$1.6B
Q3 25
$1.9B
$1.5B
Q2 25
$1.9B
$1.4B
Q1 25
$1.9B
$1.3B
Q4 24
$2.0B
$1.3B
Q3 24
$2.1B
$1.2B
Q2 24
$2.1B
$1.2B
Total Assets
SPB
SPB
VIRT
VIRT
Q1 26
$25.1B
Q4 25
$3.4B
$20.2B
Q3 25
$3.4B
$21.3B
Q2 25
$3.5B
$19.3B
Q1 25
$3.5B
$17.5B
Q4 24
$3.6B
$15.4B
Q3 24
$3.8B
$14.4B
Q2 24
$3.8B
$13.9B
Debt / Equity
SPB
SPB
VIRT
VIRT
Q1 26
Q4 25
1.29×
Q3 25
0.26×
1.40×
Q2 25
1.24×
Q1 25
1.33×
Q4 24
1.39×
Q3 24
0.23×
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
SPB
SPB
VIRT
VIRT
Operating Cash FlowLast quarter
$67.4M
Free Cash FlowOCF − Capex
$59.3M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
2.37×
TTM Free Cash FlowTrailing 4 quarters
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPB
SPB
VIRT
VIRT
Q1 26
Q4 25
$67.4M
$518.4M
Q3 25
$171.1M
$-68.7M
Q2 25
$81.8M
$62.8M
Q1 25
$23.1M
$15.0M
Q4 24
$-72.4M
$599.0M
Q3 24
$80.7M
$112.1M
Q2 24
$82.7M
$490.8M
Free Cash Flow
SPB
SPB
VIRT
VIRT
Q1 26
Q4 25
$59.3M
$495.6M
Q3 25
$157.9M
$-76.7M
Q2 25
$71.8M
$57.6M
Q1 25
$13.9M
$9.2M
Q4 24
$-78.3M
$586.6M
Q3 24
$67.7M
$106.2M
Q2 24
$72.6M
$486.9M
FCF Margin
SPB
SPB
VIRT
VIRT
Q1 26
Q4 25
8.8%
51.1%
Q3 25
21.5%
-9.3%
Q2 25
10.3%
5.8%
Q1 25
2.1%
1.1%
Q4 24
-11.2%
70.3%
Q3 24
8.7%
15.0%
Q2 24
9.3%
70.3%
Capex Intensity
SPB
SPB
VIRT
VIRT
Q1 26
Q4 25
1.2%
2.4%
Q3 25
1.8%
1.0%
Q2 25
1.4%
0.5%
Q1 25
1.4%
0.7%
Q4 24
0.8%
1.5%
Q3 24
1.7%
0.8%
Q2 24
1.3%
0.6%
Cash Conversion
SPB
SPB
VIRT
VIRT
Q1 26
Q4 25
2.37×
3.71×
Q3 25
3.08×
-0.89×
Q2 25
4.11×
0.42×
Q1 25
25.67×
0.15×
Q4 24
-3.08×
6.37×
Q3 24
2.83×
1.87×
Q2 24
13.56×
7.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

VIRT
VIRT

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

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