Saturday 17 October 2026
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Virtu Financial, Inc.
VIRT Financial Capital Markets
Virtu Financial, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.6 billion, up 26.2% from fiscal 2024. In the quarter to June 2026, revenue grew 19.1%, EPS fell 1.21%, free cash flow grew 78.6% and total debt rose 16.2%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
56.76
0.65
−1.13%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
6.48 | 11.97 | 14.54 | 8.55 | 7.37 | 4.84 | 0.00 | 8.67 | 156.70 | 18.03 |
Piotroski F-Score |
9 | 8 | 6 | 5 | 5 | 8 | 3 | 8 | 5 | 4 |
P/S ratio |
0.78 | 1.09 | 0.83 | 0.91 | 1.20 | 0.95 | 1.20 | 1.38 | 1.12 | 0.88 |
P/FCF ratio |
6.24 | 5.73 | 4.61 | 3.35 | 3.04 | 3.06 | 16.42 | 3.90 | 4.46 | 2.82 |
P/Operating CF |
5.57 | 7.97 | 5.50 | 5.17 | 4.24 | 5.31 | 3.54 | 6.48 | 15.35 | 11.79 |
P/B ratio |
1.44 | 2.10 | 1.36 | 1.30 | 1.82 | 1.65 | 1.48 | 1.74 | 1.00 | 1.16 |
Price to Tangible BV |
4.24 | 23.08 | 0.00 | 11.89 | 10.30 | 12.17 | 0.00 | 4.53 | 5.87 | 0.00 |
EV/Sales |
(0.12) | 0.23 | (0.20) | 0.59 | 0.85 | 0.69 | 0.59 | 0.72 | 0.52 | 1.11 |
EV/EBITDA |
0.00 | 0.51 | 0.00 | 1.46 | 1.87 | 1.34 | 1.30 | 1.43 | 1.87 | 2.86 |
EV/Operating CF |
(0.82) | 1.12 | (0.91) | 1.96 | 2.05 | 2.12 | 5.30 | 1.90 | 1.83 | 3.26 |
EV/FCF |
(0.94) | 1.23 | (1.08) | 2.16 | 2.16 | 2.25 | 8.06 | 2.03 | 2.07 | 3.57 |
Quick Ratio |
0.47 | 0.47 | 0.46 | 0.56 | 0.60 | 0.74 | 0.73 | 0.68 | 0.64 | 0.36 |
Current Ratio |
0.47 | 0.47 | 0.46 | 0.56 | 0.60 | 0.74 | 0.73 | 0.68 | 0.64 | 0.36 |
Net Debt/EBITDA |
(1.76) | (1.86) | (2.45) | (0.81) | (0.77) | (0.48) | (1.34) | (1.31) | (2.17) | 0.60 |
Debt/Assets |
10.12% | 11.33% | 11.94% | 16.97% | 15.55% | 16.45% | 19.96% | 12.29% | 18.97% | 15.30% |
Debt/Equity |
1.03 | 1.17 | 1.23 | 1.09 | 0.86 | 0.88 | 1.56 | 0.61 | 1.21 | 1.06 |
Asset Turnover |
0.20 | 0.19 | 0.18 | 0.23 | 0.28 | 0.33 | 0.18 | 0.26 | 0.19 | 0.20 |
Operating CF/Net income |
1.18 | 2.30 | 3.67 | 2.77 | 2.46 | 1.63 | (2.88) | 2.47 | 98.87 | 7.27 |
Capex/Depreciation |
(0.53) | (0.37) | (0.54) | (0.40) | (0.41) | (0.35) | (0.31) | (0.44) | (0.42) | (0.54) |
Interest Coverage |
2.69 | 2.22 | 1.65 | 3.41 | 8.14 | 12.01 | 3.17 | 5.91 | 2.23 | 4.18 |
| 25.30% | 18.00% | 8.76% | 14.52% | 25.65% | 42.10% | (4.30%) | 21.88% | 0.35% | 6.04% | |
| 2.47% | 1.75% | 1.07% | 2.44% | 4.70% | 6.63% | (0.69%) | 3.94% | 0.05% | 0.93% | |
ROIC |
0.00% | 0.00% | 0.00% | 39.35% | 70.88% | 83.15% | 71.03% | 173.72% | 13.19% | 16.08% |
Return on Tangible Assets |
(5.32%) | (4.22%) | (2.31%) | (9.07%) | (19.38%) | (45.78%) | 4.06% | (20.85%) | (0.19%) | (2.23%) |
Average Days of Receivables |
206.81 | 158.67 | 134.32 | 184.60 | 152.32 | 213.92 | 342.06 | 216.04 | 345.13 | 233.22 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
24.11% | 26.72% | 31.57% | 29.50% | 24.09% | 21.76% | 47.64% | 25.01% | 38.56% | 25.58% |
Intangible Assets out of Total Assets |
0.06 | 0.09 | 0.10 | 0.14 | 0.15 | 0.16 | 0.17 | 0.12 | 0.13 | 0.19 |
Share Based Compensation of Revenue |
2.76% | 2.62% | 2.79% | 2.84% | 1.98% | 1.85% | 4.73% | 1.70% | 2.55% | 3.26% |
Graham Net Nets |
(3.81) | (2.70) | (4.25) | (2.40) | (1.39) | (1.23) | (2.26) | (1.01) | (2.78) | (3.73) |
Graham Number |
51.75 | 33.76 | 21.69 | 29.40 | 37.38 | 42.23 | 0.00 | 31.47 | 6.96 | 16.66 |
Earnings Yield |
15.43% | 8.35% | 6.88% | 11.70% | 13.56% | 20.66% | (3.25%) | 11.53% | 0.64% | 5.55% |
Free Cash Flow Yield |
16.02% | 17.45% | 21.71% | 29.83% | 32.86% | 32.67% | 6.09% | 25.65% | 22.42% | 35.46% |
Revenue per Share |
42.62 | 32.89 | 24.38 | 22.74 | 23.96 | 26.62 | 13.32 | 18.62 | 16.43 | 18.22 |
Operating CF per Share |
6.08 | 6.85 | 5.23 | 6.80 | 9.98 | 8.72 | 1.48 | 7.08 | 4.64 | 6.22 |
Capex per Share |
(0.75) | (0.62) | (0.81) | (0.62) | (0.51) | (0.50) | (0.51) | (0.48) | (0.53) | (0.53) |
Free Cash Flow per Share |
5.34 | 6.23 | 4.42 | 6.17 | 9.47 | 8.22 | 0.97 | 6.61 | 4.11 | 5.69 |
Cash per Share |
62.27 | 47.92 | 43.48 | 24.64 | 22.07 | 20.17 | 24.97 | 21.33 | 32.02 | 10.42 |
Shareholders Equity per Share |
23.16 | 17.00 | 14.94 | 15.88 | 15.88 | 15.24 | 10.79 | 14.82 | 18.40 | 13.87 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
23.16 | 17.00 | 14.94 | 15.88 | 15.88 | 15.24 | 10.79 | 14.82 | 18.40 | 13.87 |
Free Cash Flow |
454.89 | 544.68 | 415.65 | 641.94 | 1,111.56 | 1,000.53 | 110.96 | 666.65 | 257.48 | 219.34 |
Working Capital |
(8,330.37) | (6,262.84) | (5,905.05) | (2,898.97) | (2,550.18) | (1,531.60) | (1,560.73) | (1,501.62) | (1,656.76) | (1,511.47) |
Capital Expenditures |
(63.50) | (54.31) | (76.13) | (64.86) | (60.07) | (60.36) | (57.81) | (47.95) | (33.09) | (20.26) |
Net Current Asset Value |
(10,812.85) | (8,431.25) | (8,127.05) | (5,172.88) | (4,693.34) | (3,757.39) | (4,113.24) | (2,623.06) | (3,192.35) | (2,307.83) |
EV/EBIT |
0.00 | 0.57 | 0.00 | 1.76 | 2.11 | 1.49 | 1.79 | 1.62 | 2.60 | 3.31 |
Capex to Sales |
0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.04 | 0.03 | 0.03 | 0.03 |
Price to Operating Income |
2.59 | 4.84 | 5.89 | 3.86 | 3.39 | 2.22 | 5.31 | 3.73 | 10.15 | 3.44 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.23 | 1.59 | 1.39 | 1.91 | 1.62 | 1.54 | 1.63 | 0.96 | 0.58 | 1.25 |
Cash ROIC |
4.88% | 7.34% | 5.75% | 10.68% | 18.35% | 16.82% | 1.85% | 14.64% | 5.67% | 14.61% |
Accounts Receivable Turnover |
2.20 | 2.75 | 2.25 | 2.00 | 1.83 | 1.95 | 1.20 | 1.80 | 1.45 | 1.52 |
Accounts Payable Turnover |
0.77 | 0.63 | 0.67 | 1.31 | 0.92 | 0.79 | 0.52 | 0.58 | 0.36 | 0.37 |
Inventory Turnover |
0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
493.79 | 522.08 | 855.09 | 188.86 | 306.78 | 478.72 | 864.62 | 560.75 | 1,017.47 | 1,148.35 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
1,654.31 | 1,047.31 | 1,019.99 | 1,184.65 | 1,535.88 | 1,660.30 | 1,267.07 | 1,042.02 | 710.37 | 462.63 |
Average Payables |
1,003.03 | 1,077.81 | 755.65 | 473.45 | 810.90 | 955.87 | 747.39 | 647.25 | 706.09 | 591.29 |
Average Inventory |
9,177.11 | — | — | — | — | — | — | — | — | — |
Average Assets |
17,756.24 | 14,914.06 | 12,524.81 | 10,451.61 | 10,142.88 | 9,787.58 | 8,495.17 | 7,350.49 | 5,506.20 | 3,542.16 |
Average Common Equity |
1,730.39 | 1,446.37 | 1,528.39 | 1,757.52 | 1,859.33 | 1,541.99 | 1,361.82 | 1,323.14 | 843.00 | 546.14 |
Columns are period end dates