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Side-by-side financial comparison of TripAdvisor, Inc. (TRIP) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
TripAdvisor, Inc. is the larger business by last-quarter revenue ($411.0M vs $199.5M, roughly 2.1× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -9.2%, a 12.8% gap on every dollar of revenue. On growth, TripAdvisor, Inc. posted the faster year-over-year revenue change (0.0% vs -4.1%). Over the past eight quarters, TripAdvisor, Inc.'s revenue compounded faster (2.0% CAGR vs -5.7%).
Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.
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.
TRIP vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $411.0M | $199.5M |
| Net Profit | $-38.0M | $7.1M |
| Gross Margin | 91.5% | — |
| Operating Margin | -8.3% | 7.7% |
| Net Margin | -9.2% | 3.6% |
| Revenue YoY | 0.0% | -4.1% |
| Net Profit YoY | -3900.0% | -78.1% |
| EPS (diluted) | $-0.32 | $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 | $411.0M | $208.0M | ||
| Q3 25 | $553.0M | $216.4M | ||
| Q2 25 | $529.0M | $210.5M | ||
| Q1 25 | $398.0M | $217.9M | ||
| Q4 24 | $411.0M | $233.5M | ||
| Q3 24 | $532.0M | $227.0M | ||
| Q2 24 | $497.0M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-38.0M | $33.9M | ||
| Q3 25 | $53.0M | $31.3M | ||
| Q2 25 | $36.0M | $42.7M | ||
| Q1 25 | $-11.0M | $28.1M | ||
| Q4 24 | $1.0M | $39.5M | ||
| Q3 24 | $39.0M | $49.1M | ||
| Q2 24 | $24.0M | $26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 91.5% | — | ||
| Q3 25 | 92.6% | — | ||
| Q2 25 | 92.1% | — | ||
| Q1 25 | 93.2% | — | ||
| Q4 24 | 93.4% | — | ||
| Q3 24 | 92.5% | — | ||
| Q2 24 | 92.8% | — |
| Q1 26 | — | 7.7% | ||
| Q4 25 | -8.3% | 19.1% | ||
| Q3 25 | 12.7% | 21.7% | ||
| Q2 25 | 11.2% | 21.5% | ||
| Q1 25 | -3.8% | 16.8% | ||
| Q4 24 | 0.2% | 21.7% | ||
| Q3 24 | 13.2% | 24.3% | ||
| Q2 24 | 7.2% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | -9.2% | 16.3% | ||
| Q3 25 | 9.6% | 14.5% | ||
| Q2 25 | 6.8% | 20.3% | ||
| Q1 25 | -2.8% | 12.9% | ||
| Q4 24 | 0.2% | 16.9% | ||
| Q3 24 | 7.3% | 21.6% | ||
| Q2 24 | 4.8% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.32 | $5.15 | ||
| Q3 25 | $0.43 | $4.65 | ||
| Q2 25 | $0.28 | $6.12 | ||
| Q1 25 | $-0.08 | $4.05 | ||
| Q4 24 | $0.03 | $4.65 | ||
| Q3 24 | $0.27 | $5.71 | ||
| Q2 24 | $0.17 | $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 | $1.0B | $136.6M |
| Total DebtLower is stronger | $819.0M | — |
| Stockholders' EquityBook value | $645.0M | $93.6B |
| Total Assets | $2.6B | — |
| Debt / EquityLower = less leverage | 1.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $819.0M | $390.0M | ||
| Q3 25 | $821.0M | $390.6M | ||
| Q2 25 | $822.0M | $231.3M | ||
| Q1 25 | $1.2B | $231.7M | ||
| Q4 24 | $831.0M | $232.1M | ||
| Q3 24 | $832.0M | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $645.0M | $934.0M | ||
| Q3 25 | $707.0M | $918.7M | ||
| Q2 25 | $627.0M | $896.4M | ||
| Q1 25 | $643.0M | $893.7M | ||
| Q4 24 | $943.0M | $897.5M | ||
| Q3 24 | $944.0M | $889.0M | ||
| Q2 24 | $857.0M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $4.3B | ||
| Q3 25 | $2.8B | $3.9B | ||
| Q2 25 | $2.9B | $3.7B | ||
| Q1 25 | $2.8B | $3.7B | ||
| Q4 24 | $2.6B | $4.0B | ||
| Q3 24 | $2.7B | $3.6B | ||
| Q2 24 | $2.8B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.27× | 0.42× | ||
| Q3 25 | 1.16× | 0.43× | ||
| Q2 25 | 1.31× | 0.26× | ||
| Q1 25 | 1.81× | 0.26× | ||
| Q4 24 | 0.88× | 0.26× | ||
| Q3 24 | 0.88× | 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 | $-103.0M | — |
| Free Cash FlowOCF − Capex | $-122.0M | — |
| FCF MarginFCF / Revenue | -29.7% | — |
| Capex IntensityCapex / Revenue | 4.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $163.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-103.0M | $-67.2M | ||
| Q3 25 | $44.0M | $108.3M | ||
| Q2 25 | $202.0M | $75.8M | ||
| Q1 25 | $102.0M | $-3.8M | ||
| Q4 24 | $-3.0M | $1.8M | ||
| Q3 24 | $-43.0M | $69.1M | ||
| Q2 24 | $51.0M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-122.0M | $-74.1M | ||
| Q3 25 | $25.0M | $106.9M | ||
| Q2 25 | $177.0M | $74.2M | ||
| Q1 25 | $83.0M | $-6.8M | ||
| Q4 24 | $-26.0M | $-3.8M | ||
| Q3 24 | $-63.0M | $68.7M | ||
| Q2 24 | $36.0M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | -29.7% | -35.6% | ||
| Q3 25 | 4.5% | 49.4% | ||
| Q2 25 | 33.5% | 35.2% | ||
| Q1 25 | 20.9% | -3.1% | ||
| Q4 24 | -6.3% | -1.6% | ||
| Q3 24 | -11.8% | 30.3% | ||
| Q2 24 | 7.2% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 3.3% | ||
| Q3 25 | 3.4% | 0.7% | ||
| Q2 25 | 4.7% | 0.7% | ||
| Q1 25 | 4.8% | 1.4% | ||
| Q4 24 | 5.6% | 2.4% | ||
| Q3 24 | 3.8% | 0.2% | ||
| Q2 24 | 3.0% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | 0.83× | 3.45× | ||
| Q2 25 | 5.61× | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | -3.00× | 0.04× | ||
| Q3 24 | -1.10× | 1.41× | ||
| Q2 24 | 2.13× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
