Virtus Investment PARTNERS, Inc. (VRTS) intrinsic value & 10-year financials
Virtus Investment PARTNERS, Inc. (VRTS) has a Graham intrinsic value of $624.72 per share. At $122.93 on Oct 17, 2026, the stock trades 80% below that value. Over the last 10 fiscal years revenue grew 11.4% a year to $852.9M, with an average return on invested capital of 14.5%.
- Graham intrinsic value
- $624.72
- Share price (Oct 17, 2026)
- $122.93
- Price vs Graham value
- 80% below
- Market cap
- $851.8M
- Revenue (FY2025)
- $852.9M
- Revenue growth (10-yr CAGR)
- 11.4%
- ROIC (10-yr avg)
- 14.5%
- Free cash flow (FY2025)
- -$74.1M
VRTS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $852.9M | $136.0M | $19.97 | -$74.1M | 19.8% | 13.0% |
| FY2024 | $906.9M | $152.5M | $16.89 | -$3.8M | 20.1% | 14.7% |
| FY2023 | $845.3M | $141.5M | $17.71 | $228.3M | 17.9% | 13.5% |
| FY2022 | $886.4M | $106.6M | $15.50 | $126.1M | 22.3% | 16.3% |
| FY2021 | $979.2M | $208.1M | $26.01 | $659.9M | 33.2% | 30.4% |
| FY2020 | $603.9M | $80.0M | $10.02 | -$227.1M | 23.7% | 13.1% |
| FY2019 | $563.2M | $95.6M | $11.74 | -$44.3M | 22.1% | 14.0% |
| FY2018 | $552.2M | $75.5M | $8.86 | -$74.3M | 20.5% | 12.9% |
| FY2017 | $425.6M | $37.0M | $3.96 | -$184.2M | 13.6% | 6.4% |
| FY2016 | $322.6M | $48.8M | $6.20 | $28.5M | 15.8% | 11.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
VIRTUS INVESTMENT PARTNERS, INC. is a consistent compounder, expanding top-line revenue at 11.4% annually over the past decade.
VIRTUS INVESTMENT PARTNERS, INC. returns on capital have been average, hovering around 14.5% ROIC over the decade.
Over the decade, VIRTUS INVESTMENT PARTNERS, INC. shows that management has aggressively returned capital to shareholders by retiring 11.4% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, VIRTUS INVESTMENT PARTNERS, INC. is modeled at 13.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $624.72 per share.