Virtu Financial, Inc.

Finance
Investment Bankers/Brokers/Service
www.virtu.com

Earnings Score
Moat Score
Safety Score

Market Cap $3.53B
PE 12
Debt $1.77B
Cash $771.01M
EV $4.53B
FCF $994.03M

Earnings

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Sales & Net Margins

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Earnings	$300.96M
EBIT	$728.89M
ROE	19%
ROA	4%
FCF	$994.03M
Equity	$1.56B
Growth Stability	-98%
PE	11.74
PEG	-0.49
PB	2.26
P/FCF	3.56
P/S	1.15
Price/Cash	0.22
Debt/Equity	1.13
Debt/FCF	1.78
Net Margins	11%
Op. Margins	24%
Earnings CAGR	26%
Sales Growth YoY	30%
Sales Growth QoQ	0%
Sales CAGR	14%
FCF CAGR	19%
Equity CAGR	13%
Earnings Stability	0.21
Earnings Growth YoY	77%

Earnings Growth QoQ	6%
Earnings CAGR 5Y	-24%
Sales CAGR 5Y	-3%
FCF CAGR 5Y	-16%
Equity CAGR 5Y	-6%
Earnings CAGR 3Y	6%
Sales CAGR 3Y	6%
FCF CAGR 3Y	-13%
Equity CAGR 3Y	-6%
Market Cap	$3.53B
Revenue	$3.07B
Assets	$17.55B
Total Debt	$1.77B
Cash	$771.01M
Shares Outstanding	85.61M
EV	4.53B
Earnings Score	12%
Moat Score	78%
Safety Score	60%
Final Score	50%
Shares Growth 3y	-8%
Equity Growth QoQ	5%
Equity Growth YoY	10%

Assets & ROA

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Stockholders Equity & ROE

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Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It generates maximum revenue from the Market Making segment. The Market Making segment principally consists of market making in the cash, futures and options markets across global equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of revenue from the United States and also has a presence in Ireland; Singapore; Canada; Australia and Other Countries.

SEC Filings

Direct access to Virtu Financial, Inc. (VIRT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Virtu Financial, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Virtu Financial, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 26%

Stability 21%

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Virtu Financial, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Virtu Financial, Inc..

Years

Calculation mode

= $37B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$994M	$1.2B	$1.4B	$1.7B	$2B	$2.4B	$2.8B	$3.3B	$3.9B	$4.7B	$5.6B	$56B
DCF		$1.1B	$1.2B	$1.3B	$1.4B	$1.5B	$1.6B	$1.7B	$1.8B	$2B	$2.1B	$21B
Value	$37B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	06/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-	5%	0%	15%	-7%	20%	16%	11%	6%	9%	11%
ROA	-	-	2%	9%	-1%	14%	10%	5%	2%	4%	4%
ROE	-	6%	0%	19%	-8%	34%	25%	15%	10%	18%	19%

Good Net Margins (11.14%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	06/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	5.37	1.38	12.74	1.68	1.48	2.69	3.86	3.01	1.78
Debt over Equity	-	1.11	1.27	0.63	1.65	0.94	0.91	1.11	1.25	1.19	1.13
Growth Stability	-	-	-	100%	-98%	100%	100%	77%	30%	92%	-98%

Good Debt/FCF ratio (1.78)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Neutral Debt/Equity ratio (1.13)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-98%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	06/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-	46%	83%	-19%	112%	-13%	-16%	-3%	25%	-3%
Earnings YoY growth	-	-	-95%	18K%	-137%	-709%	-27%	-45%	-48%	94%	-24%
Equity YoY growth	-	-	115%	30%	-18%	51%	0%	-11%	-15%	6%	-6%
FCF YoY growth	-	-	19%	153%	-77%	547%	11%	-41%	-33%	29%	-16%