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Side-by-side financial comparison of TREX CO INC (TREX) 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 $161.1M, roughly 1.2× TREX CO INC). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs 1.4%, a 2.1% gap on every dollar of revenue. On growth, TREX CO INC posted the faster year-over-year revenue change (-3.9% vs -4.1%). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-5.7% CAGR vs -34.3%).
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
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.
TREX vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $161.1M | $199.5M |
| Net Profit | $2.3M | $7.1M |
| Gross Margin | 30.2% | — |
| Operating Margin | 2.2% | 7.7% |
| Net Margin | 1.4% | 3.6% |
| Revenue YoY | -3.9% | -4.1% |
| Net Profit YoY | -76.4% | -78.1% |
| EPS (diluted) | $0.03 | $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 | $161.1M | $208.0M | ||
| Q3 25 | $285.3M | $216.4M | ||
| Q2 25 | $387.8M | $210.5M | ||
| Q1 25 | $340.0M | $217.9M | ||
| Q4 24 | $167.6M | $233.5M | ||
| Q3 24 | $233.7M | $227.0M | ||
| Q2 24 | $376.5M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $2.3M | $33.9M | ||
| Q3 25 | $51.8M | $31.3M | ||
| Q2 25 | $75.9M | $42.7M | ||
| Q1 25 | $60.4M | $28.1M | ||
| Q4 24 | $9.8M | $39.5M | ||
| Q3 24 | $40.6M | $49.1M | ||
| Q2 24 | $87.0M | $26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 30.2% | — | ||
| Q3 25 | 40.5% | — | ||
| Q2 25 | 40.8% | — | ||
| Q1 25 | 40.5% | — | ||
| Q4 24 | 32.7% | — | ||
| Q3 24 | 39.9% | — | ||
| Q2 24 | 44.7% | — |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 2.2% | 19.1% | ||
| Q3 25 | 24.7% | 21.7% | ||
| Q2 25 | 26.4% | 21.5% | ||
| Q1 25 | 24.0% | 16.8% | ||
| Q4 24 | 9.2% | 21.7% | ||
| Q3 24 | 23.2% | 24.3% | ||
| Q2 24 | 31.1% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 1.4% | 16.3% | ||
| Q3 25 | 18.1% | 14.5% | ||
| Q2 25 | 19.6% | 20.3% | ||
| Q1 25 | 17.8% | 12.9% | ||
| Q4 24 | 5.8% | 16.9% | ||
| Q3 24 | 17.4% | 21.6% | ||
| Q2 24 | 23.1% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.03 | $5.15 | ||
| Q3 25 | $0.48 | $4.65 | ||
| Q2 25 | $0.71 | $6.12 | ||
| Q1 25 | $0.56 | $4.05 | ||
| Q4 24 | $0.10 | $4.65 | ||
| Q3 24 | $0.37 | $5.71 | ||
| Q2 24 | $0.80 | $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 | $3.8M | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $93.6B |
| Total Assets | $1.5B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $3.8M | — | ||
| Q3 25 | $11.4M | — | ||
| Q2 25 | $5.5M | — | ||
| Q1 25 | $5.0M | — | ||
| Q4 24 | $1.3M | — | ||
| Q3 24 | $12.8M | — | ||
| Q2 24 | $1.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $1.0B | $934.0M | ||
| Q3 25 | $1.0B | $918.7M | ||
| Q2 25 | $989.3M | $896.4M | ||
| Q1 25 | $910.1M | $893.7M | ||
| Q4 24 | $850.1M | $897.5M | ||
| Q3 24 | $887.9M | $889.0M | ||
| Q2 24 | $894.9M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $4.3B | ||
| Q3 25 | $1.5B | $3.9B | ||
| Q2 25 | $1.5B | $3.7B | ||
| Q1 25 | $1.6B | $3.7B | ||
| Q4 24 | $1.3B | $4.0B | ||
| Q3 24 | $1.3B | $3.6B | ||
| Q2 24 | $1.3B | $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 | $65.5M | — |
| Free Cash FlowOCF − Capex | $22.1M | — |
| FCF MarginFCF / Revenue | 13.7% | — |
| Capex IntensityCapex / Revenue | 26.9% | — |
| Cash ConversionOCF / Net Profit | 28.45× | — |
| TTM Free Cash FlowTrailing 4 quarters | $134.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $65.5M | $-67.2M | ||
| Q3 25 | $196.9M | $108.3M | ||
| Q2 25 | $249.8M | $75.8M | ||
| Q1 25 | $-154.0M | $-3.8M | ||
| Q4 24 | $-8.5M | $1.8M | ||
| Q3 24 | $132.8M | $69.1M | ||
| Q2 24 | $193.7M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $22.1M | $-74.1M | ||
| Q3 25 | $142.9M | $106.9M | ||
| Q2 25 | $203.0M | $74.2M | ||
| Q1 25 | $-233.5M | $-6.8M | ||
| Q4 24 | $-89.3M | $-3.8M | ||
| Q3 24 | $54.5M | $68.7M | ||
| Q2 24 | $158.2M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 13.7% | -35.6% | ||
| Q3 25 | 50.1% | 49.4% | ||
| Q2 25 | 52.3% | 35.2% | ||
| Q1 25 | -68.7% | -3.1% | ||
| Q4 24 | -53.3% | -1.6% | ||
| Q3 24 | 23.3% | 30.3% | ||
| Q2 24 | 42.0% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 26.9% | 3.3% | ||
| Q3 25 | 18.9% | 0.7% | ||
| Q2 25 | 12.1% | 0.7% | ||
| Q1 25 | 23.4% | 1.4% | ||
| Q4 24 | 48.2% | 2.4% | ||
| Q3 24 | 33.5% | 0.2% | ||
| Q2 24 | 9.4% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 28.45× | -1.99× | ||
| Q3 25 | 3.80× | 3.45× | ||
| Q2 25 | 3.29× | 1.77× | ||
| Q1 25 | -2.55× | -0.13× | ||
| Q4 24 | -0.87× | 0.04× | ||
| Q3 24 | 3.27× | 1.41× | ||
| Q2 24 | 2.23× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TREX
Segment breakdown not available.
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
