Cohen & Steers vs Virtus Investment Partners
Virtus Investment Partners reported revenue of $853 million in fiscal 2025, 1.5 times Cohen & Steers' $556 million in fiscal 2025. Cohen & Steers' revenue grew 7.5% in its latest year, and Virtus Investment Partners' fell 6.0%. Cohen & Steers had an operating margin of 32.0%, against 19.8% at Virtus Investment Partners. Free cash flow was −$126 million at Cohen & Steers and −$74 million at Virtus Investment Partners.
Side by side
| Cohen & Steers | Virtus Investment Partners | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $556M | $853M |
| Revenue growth | 7.5% | −6.0% |
| Revenue growth a year, last 5 years | 5.4% | 7.1% |
| Gross margin | — | — |
| Operating margin | 32.0% | 19.8% |
| Net margin | 27.6% | 15.9% |
| Free cash flow | −$126M | −$74M |
| Free cash flow margin | −22.7% | −8.7% |
| Return on capital | — | 15.5% |
| Net debt to EBITDA | — | −0.4x |
| Dividends and buybacks | $155M | $125M |
| Change in diluted share count | 1.1% | −3.9% |
| Last close | $73.20 | $127.35 |
| P/E at the last close | 22.5× | 7.3× |
| Insider trades, last 12 months | bought $7.5 million, sold $2.5 million | bought $524,362, sold $4.3 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Cohen & SteersVirtus Investment Partners
Operating margin
Percent of revenue
Cohen & SteersVirtus Investment Partners
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cohen & SteersVirtus Investment Partners
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cohen & Steers and Virtus Investment Partners pages.