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Organization Virtus Investment Partners, Inc. (the "Company"), a Delaware corporation, commenced operations on November 1, 1995 and became an independent publicly traded company on December 31, 2008. Our Business We provide investment management and related services to institutions and individuals.
19.78% operating margin is respectable but not wide. ROIC at 8.97%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 6.0% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$74M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$834M
▼ -6.0% YoY
Net Income (TTM)
$117M
▲ +13.7% YoY
Op. Margin
17.68%
▼ -0.3pp YoY
ROIC
7.39%
▼ -1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$34M
▼ -1837.5% YoY
Op. Cash Flow (TTM)
-$28M
▼ -3929.0% YoY
Net Debt
$259M
Cash & Equiv.
$274M
5Y CAGR: +7.1%
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