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Side-by-side financial comparison of T1 Energy Inc. (TE) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $208.0M, roughly 1.0× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs -62.0%, a 78.3% gap on every dollar of revenue. T1 Energy Inc. produced more free cash flow last quarter ($55.0M vs $-74.1M).
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
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.
TE vs VRTS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.5M | $208.0M |
| Net Profit | $-130.6M | $33.9M |
| Gross Margin | 10.0% | — |
| Operating Margin | -45.0% | 19.1% |
| Net Margin | -62.0% | 16.3% |
| Revenue YoY | — | -10.9% |
| Net Profit YoY | -375.2% | -14.2% |
| EPS (diluted) | $-0.87 | $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 | — | $208.0M | ||
| Q3 25 | $210.5M | $216.4M | ||
| Q2 25 | $132.8M | $210.5M | ||
| Q1 25 | $53.5M | $217.9M | ||
| Q4 24 | — | $233.5M | ||
| Q3 24 | $0 | $227.0M | ||
| Q2 24 | $0 | $224.4M | ||
| Q1 24 | $0 | $222.0M |
| Q4 25 | — | $33.9M | ||
| Q3 25 | $-130.6M | $31.3M | ||
| Q2 25 | $-31.9M | $42.7M | ||
| Q1 25 | $-16.2M | $28.1M | ||
| Q4 24 | — | $39.5M | ||
| Q3 24 | $-27.5M | $49.1M | ||
| Q2 24 | $-27.0M | $26.0M | ||
| Q1 24 | $-28.5M | $37.9M |
| Q4 25 | — | — | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 24.7% | — | ||
| Q1 25 | 33.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 19.1% | ||
| Q3 25 | -45.0% | 21.7% | ||
| Q2 25 | -22.0% | 21.5% | ||
| Q1 25 | -44.2% | 16.8% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 24.3% | ||
| Q2 24 | — | 19.7% | ||
| Q1 24 | — | 14.5% |
| Q4 25 | — | 16.3% | ||
| Q3 25 | -62.0% | 14.5% | ||
| Q2 25 | -24.0% | 20.3% | ||
| Q1 25 | -30.4% | 12.9% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 21.6% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 17.1% |
| Q4 25 | — | $5.15 | ||
| Q3 25 | $-0.87 | $4.65 | ||
| Q2 25 | $-0.21 | $6.12 | ||
| Q1 25 | $-0.11 | $4.05 | ||
| Q4 24 | — | $4.65 | ||
| Q3 24 | $-0.20 | $5.71 | ||
| Q2 24 | $-0.19 | $2.43 | ||
| Q1 24 | $-0.20 | $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 | $34.1M | — |
| Total DebtLower is stronger | $547.3M | $390.0M |
| Stockholders' EquityBook value | $96.9M | $934.0M |
| Total Assets | $1.4B | $4.3B |
| Debt / EquityLower = less leverage | 5.65× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $34.1M | — | ||
| Q2 25 | $8.5M | — | ||
| Q1 25 | $48.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $181.9M | — | ||
| Q2 24 | $219.6M | — | ||
| Q1 24 | $249.9M | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | $547.3M | $390.6M | ||
| Q2 25 | $591.2M | $231.3M | ||
| Q1 25 | $603.2M | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | $602.3M | $253.0M |
| Q4 25 | — | $934.0M | ||
| Q3 25 | $96.9M | $918.7M | ||
| Q2 25 | $183.9M | $896.4M | ||
| Q1 25 | $201.9M | $893.7M | ||
| Q4 24 | — | $897.5M | ||
| Q3 24 | $538.7M | $889.0M | ||
| Q2 24 | $561.6M | $868.7M | ||
| Q1 24 | $582.3M | $871.7M |
| Q4 25 | — | $4.3B | ||
| Q3 25 | $1.4B | $3.9B | ||
| Q2 25 | $1.4B | $3.7B | ||
| Q1 25 | $1.4B | $3.7B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | $615.0M | $3.6B | ||
| Q2 24 | $644.4M | $3.6B | ||
| Q1 24 | $670.3M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | 5.65× | 0.43× | ||
| Q2 25 | 3.21× | 0.26× | ||
| Q1 25 | 2.99× | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | 1.03× | 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 | $63.9M | $-67.2M |
| Free Cash FlowOCF − Capex | $55.0M | $-74.1M |
| FCF MarginFCF / Revenue | 26.1% | -35.6% |
| Capex IntensityCapex / Revenue | 4.2% | 3.3% |
| Cash ConversionOCF / Net Profit | — | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-42.3M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-67.2M | ||
| Q3 25 | $63.9M | $108.3M | ||
| Q2 25 | $33.4M | $75.8M | ||
| Q1 25 | $-44.8M | $-3.8M | ||
| Q4 24 | — | $1.8M | ||
| Q3 24 | $-28.4M | $69.1M | ||
| Q2 24 | $-28.0M | $70.0M | ||
| Q1 24 | $-16.2M | $-34.5M |
| Q4 25 | — | $-74.1M | ||
| Q3 25 | $55.0M | $106.9M | ||
| Q2 25 | $10.6M | $74.2M | ||
| Q1 25 | $-74.0M | $-6.8M | ||
| Q4 24 | — | $-3.8M | ||
| Q3 24 | $-34.0M | $68.7M | ||
| Q2 24 | $-35.6M | $68.6M | ||
| Q1 24 | $-37.7M | $-36.5M |
| Q4 25 | — | -35.6% | ||
| Q3 25 | 26.1% | 49.4% | ||
| Q2 25 | 8.0% | 35.2% | ||
| Q1 25 | -138.4% | -3.1% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 30.6% | ||
| Q1 24 | — | -16.4% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 4.2% | 0.7% | ||
| Q2 25 | 17.2% | 0.7% | ||
| Q1 25 | 54.5% | 1.4% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 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
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
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% |
