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Side-by-side financial comparison of ONE Group Hospitality, Inc. (STKS) 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 ($208.0M vs $207.0M, roughly 1.0× ONE Group Hospitality, Inc.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs -3.1%, a 19.4% gap on every dollar of revenue. On growth, ONE Group Hospitality, Inc. posted the faster year-over-year revenue change (-6.7% vs -10.9%). ONE Group Hospitality, Inc. produced more free cash flow last quarter ($-329.0K vs $-74.1M). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs -3.2%).
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
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.
STKS vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $207.0M | $208.0M |
| Net Profit | $-6.4M | $33.9M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | 19.1% |
| Net Margin | -3.1% | 16.3% |
| Revenue YoY | -6.7% | -10.9% |
| Net Profit YoY | -531.8% | -14.2% |
| EPS (diluted) | $-0.50 | $5.15 |
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.
| Q4 25 | $207.0M | $208.0M | ||
| Q3 25 | $180.2M | $216.4M | ||
| Q2 25 | $207.4M | $210.5M | ||
| Q1 25 | $211.1M | $217.9M | ||
| Q4 24 | $221.9M | $233.5M | ||
| Q3 24 | $194.0M | $227.0M | ||
| Q2 24 | $172.5M | $224.4M | ||
| Q1 24 | $85.0M | $222.0M |
| Q4 25 | $-6.4M | $33.9M | ||
| Q3 25 | $-76.7M | $31.3M | ||
| Q2 25 | $-10.1M | $42.7M | ||
| Q1 25 | $975.0K | $28.1M | ||
| Q4 24 | $1.5M | $39.5M | ||
| Q3 24 | $-9.3M | $49.1M | ||
| Q2 24 | $-7.3M | $26.0M | ||
| Q1 24 | $-2.1M | $37.9M |
| Q4 25 | 2.2% | 19.1% | ||
| Q3 25 | -4.4% | 21.7% | ||
| Q2 25 | 0.3% | 21.5% | ||
| Q1 25 | 5.1% | 16.8% | ||
| Q4 24 | 5.5% | 21.7% | ||
| Q3 24 | -1.9% | 24.3% | ||
| Q2 24 | 0.6% | 19.7% | ||
| Q1 24 | -0.7% | 14.5% |
| Q4 25 | -3.1% | 16.3% | ||
| Q3 25 | -42.6% | 14.5% | ||
| Q2 25 | -4.9% | 20.3% | ||
| Q1 25 | 0.5% | 12.9% | ||
| Q4 24 | 0.7% | 16.9% | ||
| Q3 24 | -4.8% | 21.6% | ||
| Q2 24 | -4.3% | 11.6% | ||
| Q1 24 | -2.4% | 17.1% |
| Q4 25 | $-0.50 | $5.15 | ||
| Q3 25 | $-2.75 | $4.65 | ||
| Q2 25 | $-0.59 | $6.12 | ||
| Q1 25 | $-0.21 | $4.05 | ||
| Q4 24 | $-0.18 | $4.65 | ||
| Q3 24 | $-0.53 | $5.71 | ||
| Q2 24 | $-0.38 | $2.43 | ||
| Q1 24 | $-0.07 | $4.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.2M | — |
| Total DebtLower is stronger | $354.2M | $390.0M |
| Stockholders' EquityBook value | $-75.8M | $934.0M |
| Total Assets | $884.2M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | — | ||
| Q3 25 | $5.5M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $21.4M | — | ||
| Q4 24 | $27.6M | — | ||
| Q3 24 | $28.2M | — | ||
| Q2 24 | $32.2M | — | ||
| Q1 24 | $15.4M | — |
| Q4 25 | $354.2M | $390.0M | ||
| Q3 25 | $355.0M | $390.6M | ||
| Q2 25 | $347.4M | $231.3M | ||
| Q1 25 | $348.3M | $231.7M | ||
| Q4 24 | $348.3M | $232.1M | ||
| Q3 24 | $349.1M | $237.5M | ||
| Q2 24 | $350.0M | $247.6M | ||
| Q1 24 | $73.5M | $253.0M |
| Q4 25 | $-75.8M | $934.0M | ||
| Q3 25 | $-61.5M | $918.7M | ||
| Q2 25 | $23.0M | $896.4M | ||
| Q1 25 | $40.5M | $893.7M | ||
| Q4 24 | $45.9M | $897.5M | ||
| Q3 24 | $51.4M | $889.0M | ||
| Q2 24 | $68.1M | $868.7M | ||
| Q1 24 | $68.3M | $871.7M |
| Q4 25 | $884.2M | $4.3B | ||
| Q3 25 | $879.5M | $3.9B | ||
| Q2 25 | $935.7M | $3.7B | ||
| Q1 25 | $956.0M | $3.7B | ||
| Q4 24 | $960.1M | $4.0B | ||
| Q3 24 | $953.5M | $3.6B | ||
| Q2 24 | $945.9M | $3.6B | ||
| Q1 24 | $309.3M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | 15.07× | 0.26× | ||
| Q1 25 | 8.61× | 0.26× | ||
| Q4 24 | 7.59× | 0.26× | ||
| Q3 24 | 6.79× | 0.27× | ||
| Q2 24 | 5.14× | 0.29× | ||
| Q1 24 | 1.08× | 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 | $13.1M | $-67.2M |
| Free Cash FlowOCF − Capex | $-329.0K | $-74.1M |
| FCF MarginFCF / Revenue | -0.2% | -35.6% |
| Capex IntensityCapex / Revenue | 6.5% | 3.3% |
| Cash ConversionOCF / Net Profit | — | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-27.3M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $-67.2M | ||
| Q3 25 | $5.9M | $108.3M | ||
| Q2 25 | $2.8M | $75.8M | ||
| Q1 25 | $8.5M | $-3.8M | ||
| Q4 24 | $18.5M | $1.8M | ||
| Q3 24 | $19.1M | $69.1M | ||
| Q2 24 | $-3.8M | $70.0M | ||
| Q1 24 | $10.4M | $-34.5M |
| Q4 25 | $-329.0K | $-74.1M | ||
| Q3 25 | $-6.1M | $106.9M | ||
| Q2 25 | $-15.0M | $74.2M | ||
| Q1 25 | $-5.8M | $-6.8M | ||
| Q4 24 | $733.0K | $-3.8M | ||
| Q3 24 | $287.0K | $68.7M | ||
| Q2 24 | $-23.0M | $68.6M | ||
| Q1 24 | $-5.4M | $-36.5M |
| Q4 25 | -0.2% | -35.6% | ||
| Q3 25 | -3.4% | 49.4% | ||
| Q2 25 | -7.2% | 35.2% | ||
| Q1 25 | -2.7% | -3.1% | ||
| Q4 24 | 0.3% | -1.6% | ||
| Q3 24 | 0.1% | 30.3% | ||
| Q2 24 | -13.3% | 30.6% | ||
| Q1 24 | -6.4% | -16.4% |
| Q4 25 | 6.5% | 3.3% | ||
| Q3 25 | 6.7% | 0.7% | ||
| Q2 25 | 8.6% | 0.7% | ||
| Q1 25 | 6.8% | 1.4% | ||
| Q4 24 | 8.0% | 2.4% | ||
| Q3 24 | 9.7% | 0.2% | ||
| Q2 24 | 11.1% | 0.6% | ||
| Q1 24 | 18.6% | 0.9% |
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | 8.76× | -0.13× | ||
| Q4 24 | 12.54× | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× | ||
| Q1 24 | — | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
