Virtus Investment Partners, Inc — Earnings Quality Grade F
VRTS · Financial Services
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 44 days, change -3 days YoY
AR growth -12.3% vs revenue growth -6.1%
Revenue -6.1%, CFFO -3929.0%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 23.5% is >2x revenue growth -6.1%
SG&A/Gross Profit = 19.9%, excellent (<30%)
Gross margin 52.7%, change +0.7pp. Stable
Cash Flow Quality
CFFO/NI = -0.49. Only -49% of profit backed by cash
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF < 50% of Net Income for 2 years
Accruals ratio = 4.8%. Low accruals
Cash $0.5B covers only 17% of debt $2.8B
Balance Sheet Health
Goodwill+Intangibles $0.7B = 78% of equity. Over 50%
Debt/EBITDA = 6.9x (>4x). Interest coverage = 1.0x (<2x). Financial stress
Other assets -62.0% vs revenue -6.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -7% YoY. Normal
Manipulation Score
Insufficient data
Portfolio monitoring
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Altman Z-Score — Not Applicable
Virtus Investment Partners, Inc is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25