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Side-by-side financial comparison of Virtu Financial, Inc. (VIRT) and NCR Voyix Corp (VYX). Click either name above to swap in a different company.
Virtu Financial, Inc. is the larger business by last-quarter revenue ($969.9M vs $720.0M, roughly 1.3× NCR Voyix Corp). Virtu Financial, Inc. runs the higher net margin — 14.4% vs 13.6%, a 0.8% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (16.3% vs 6.2%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (22.8% CAGR vs 0.7%).
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
VIRT vs VYX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $969.9M | $720.0M |
| Net Profit | $139.9M | $98.0M |
| Gross Margin | — | — |
| Operating Margin | 35.4% | 2.4% |
| Net Margin | 14.4% | 13.6% |
| Revenue YoY | 16.3% | 6.2% |
| Net Profit YoY | 48.7% | 990.9% |
| EPS (diluted) | $1.54 | $0.64 |
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 | $969.9M | $720.0M | ||
| Q3 25 | $824.8M | $684.0M | ||
| Q2 25 | $999.6M | $666.0M | ||
| Q1 25 | $837.9M | $617.0M | ||
| Q4 24 | $834.3M | $678.0M | ||
| Q3 24 | $706.8M | $708.0M | ||
| Q2 24 | $693.0M | $722.0M | ||
| Q1 24 | $642.8M | $710.0M |
| Q4 25 | $139.9M | $98.0M | ||
| Q3 25 | $77.6M | $-19.0M | ||
| Q2 25 | $151.2M | $0 | ||
| Q1 25 | $99.7M | $-17.0M | ||
| Q4 24 | $94.1M | $-11.0M | ||
| Q3 24 | $60.0M | $1.1B | ||
| Q2 24 | $66.6M | $-73.0M | ||
| Q1 24 | $55.8M | $-40.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.4% | ||
| Q2 24 | — | 17.5% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | 35.4% | 2.4% | ||
| Q3 25 | 21.8% | 2.2% | ||
| Q2 25 | 34.7% | 2.1% | ||
| Q1 25 | 26.7% | -3.2% | ||
| Q4 24 | 24.3% | -0.1% | ||
| Q3 24 | 20.8% | 2.3% | ||
| Q2 24 | 22.4% | -4.7% | ||
| Q1 24 | 21.8% | -2.7% |
| Q4 25 | 14.4% | 13.6% | ||
| Q3 25 | 9.4% | -2.8% | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 11.9% | -2.8% | ||
| Q4 24 | 11.3% | -1.6% | ||
| Q3 24 | 8.5% | 152.8% | ||
| Q2 24 | 9.6% | -10.1% | ||
| Q1 24 | 8.7% | -5.6% |
| Q4 25 | $1.54 | $0.64 | ||
| Q3 25 | $0.86 | $-0.16 | ||
| Q2 25 | $1.65 | $-0.03 | ||
| Q1 25 | $1.08 | $-0.15 | ||
| Q4 24 | $1.03 | $-0.05 | ||
| Q3 24 | $0.64 | $7.41 | ||
| Q2 24 | $0.71 | $-0.53 | ||
| Q1 24 | $0.59 | $-0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $231.0M |
| Total DebtLower is stronger | $2.0B | $1.1B |
| Stockholders' EquityBook value | $1.6B | $948.0M |
| Total Assets | $20.2B | $3.9B |
| Debt / EquityLower = less leverage | 1.29× | 1.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $231.0M | ||
| Q3 25 | $707.9M | $282.0M | ||
| Q2 25 | $752.1M | $276.0M | ||
| Q1 25 | $723.6M | $573.0M | ||
| Q4 24 | $872.5M | $722.0M | ||
| Q3 24 | $701.4M | $792.0M | ||
| Q2 24 | $684.8M | $203.0M | ||
| Q1 24 | $399.6M | $241.0M |
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $1.6B | $948.0M | ||
| Q3 25 | $1.5B | $848.0M | ||
| Q2 25 | $1.4B | $867.0M | ||
| Q1 25 | $1.3B | $857.0M | ||
| Q4 24 | $1.3B | $933.0M | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $-85.0M | ||
| Q1 24 | $1.2B | $-34.0M |
| Q4 25 | $20.2B | $3.9B | ||
| Q3 25 | $21.3B | $4.0B | ||
| Q2 25 | $19.3B | $4.0B | ||
| Q1 25 | $17.5B | $4.3B | ||
| Q4 24 | $15.4B | $4.5B | ||
| Q3 24 | $14.4B | $4.7B | ||
| Q2 24 | $13.9B | $4.8B | ||
| Q1 24 | $12.8B | $5.0B |
| Q4 25 | 1.29× | 1.17× | ||
| Q3 25 | 1.40× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 1.39× | 1.18× | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.42× | — |
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 | $518.4M | $60.0M |
| Free Cash FlowOCF − Capex | $495.6M | — |
| FCF MarginFCF / Revenue | 51.1% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | 3.71× | 0.61× |
| TTM Free Cash FlowTrailing 4 quarters | $485.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $518.4M | $60.0M | ||
| Q3 25 | $-68.7M | $14.0M | ||
| Q2 25 | $62.8M | $-242.0M | ||
| Q1 25 | $15.0M | $-42.0M | ||
| Q4 24 | $599.0M | $-170.0M | ||
| Q3 24 | $112.1M | $11.0M | ||
| Q2 24 | $490.8M | $62.0M | ||
| Q1 24 | $-395.4M | $-35.0M |
| Q4 25 | $495.6M | — | ||
| Q3 25 | $-76.7M | $10.0M | ||
| Q2 25 | $57.6M | $-249.0M | ||
| Q1 25 | $9.2M | $-50.0M | ||
| Q4 24 | $586.6M | $-177.0M | ||
| Q3 24 | $106.2M | $9.0M | ||
| Q2 24 | $486.9M | $49.0M | ||
| Q1 24 | $-398.2M | $-43.0M |
| Q4 25 | 51.1% | — | ||
| Q3 25 | -9.3% | 1.5% | ||
| Q2 25 | 5.8% | -37.4% | ||
| Q1 25 | 1.1% | -8.1% | ||
| Q4 24 | 70.3% | -26.1% | ||
| Q3 24 | 15.0% | 1.3% | ||
| Q2 24 | 70.3% | 6.8% | ||
| Q1 24 | -61.9% | -6.1% |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.0% | 0.6% | ||
| Q2 25 | 0.5% | 1.1% | ||
| Q1 25 | 0.7% | 1.3% | ||
| Q4 24 | 1.5% | 1.0% | ||
| Q3 24 | 0.8% | 0.3% | ||
| Q2 24 | 0.6% | 1.8% | ||
| Q1 24 | 0.4% | 1.1% |
| Q4 25 | 3.71× | 0.61× | ||
| Q3 25 | -0.89× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 6.37× | — | ||
| Q3 24 | 1.87× | 0.01× | ||
| Q2 24 | 7.37× | — | ||
| Q1 24 | -7.08× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
VIRT
Segment breakdown not available.
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
