Virtus Investment Partners (VRTS) FY2024 results: revenue $907 million, up 7.3% on the year
Virtus Investment Partners, Inc. (VRTS) reported revenue of $907 million for fiscal 2024, the year ended 31 December 2024, up 7.3% on the year before. Net income was $122 million, down 6.8%, and diluted earnings per share $16.89. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$907 million
+7.3% on the year
FY2017FY2024
Operating margin
20.1%
17.9% a year earlier
FY2017FY2024
Net income
$122 million
-6.8% on the year
FY2017FY2024
Diluted EPS
$16.89
-4.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1.8
237
133
-99.3%
Capital expenditure
5.6
8.8
6.6
-36.8%
Free cash flow
-3.8
228
126
Free cash flow margin
-0.4%
27.0%
14.2%
Cash from investing
-17.0
-130
-27.5
Cash from financing
74.9
-356
-102
Depreciation and amortisation
69.0
70.0
68.6
-1.5%
Share-based compensation
32.8
26.8
24.0
+22.4%
Buybacks
44.9
45.0
90.0
-0.3%
Dividends paid
58.1
52.0
47.3
+11.7%
Dividend per share
$8.30
$7.10
$6.30
+16.9%
Diluted shares, weighted
7m
7m
8m
-2.2%
Shares outstanding at period end
7m
7m
7m
-1.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
897
864
817
+3.9%
Non-controlling interest
4.1
4.4
5.9
-5.0%
Redeemable equity
107
105
114
+2.3%
Debt
232
253
255
-8.4%
Other liabilities
2,753
2,452
2,761
+12.3%
Total liabilities and equity
3,994
3,679
3,953
+8.6%
Fixed assets
22.7
26.2
19.1
-13.3%
Goodwill
397
397
349
0.0%
Intangible assets
378
432
443
-12.5%
Securities held for sale or to maturity
1.5
n/a
n/a
Cash and equivalents
400
341
589
+17.4%
Other assets
2,795
2,482
2,553
+12.6%
Total assets
3,994
3,679
3,953
+8.6%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.