Virtu Financial (VIRT) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Financial Services•Capital Markets

ExcellentMetricSide Score: 82/100

ProfitabilityProfit30/30

GrowthGrowth25/25

Balance SheetBalance16/25

Cash QualityCash11/20

Price & Volume

Market Cap $5.32B

Virtu Financial, Inc. operates as a financial services company in the United States, Ireland, and internationally. It operates in two segments, Market Making and Execution Services. The company is involved in buying and selling securities to broker dealers, banks and institutions; trading direct to clients, exchanges, alternative trading systems, and other market centers; cash trading business; and pre- and post-trade services, data products, and compliance tools. It also provides agency execution services and trading venues for transparent trading in global equities, ETFs, fixed income, currencies, and commodities to institutions, banks, and broker dealers; agency-based and execution-only trading; workflow technology; trading analytics; foreign exchange, futures, and cryptocurrency products. The company was founded in 2008 and is headquartered in New York, New York.

Moat Signals

Competitive analysis based on 44 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are expanding at ~27.9%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 24.5% suggests a durable competitive advantage and efficient capital allocation.

Cash Generation

Moderate Moat

6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Strong Moat

TTM revenue has grown consistently (7 of 7 quarters up), with ~55.5% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 44 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~32.3% — no sign of cost or pricing stress.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

D/E ratio is 1.2 — conservative capital structure with low financial risk.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Healthy

Shares decreased 2.3% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.89B
Q. Revenue: $1.10B
TTM EBITDA: $1.28B
TTM Op. Income: $1.28B
Q. Op. Income: $409.57M
TTM Net Income: $550.99M
Q. Net Income: $182.31M
EPS: $1.99
Shares Out.: $86.09M

$3.89B in TTM revenue grew 26.6% YoY, reaching $1.10B last quarter. TTM EBITDA of $1.28B and TTM operating income of $1.28B shows growth is flowing through. Net income of $550.99M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 37.4%
Op. Margin: 37.4%
Net Margin: 16.6%

Op. margin of 37.4% is up 10.7% YoY — cost efficiency is improving. Net margin at 16.6%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.7x
P/S Ratio: 1.4x
P/B Ratio: 3.1x

At 9.7x P/E, the stock trades below market averages — potentially undervalued. P/S of 1.4x and P/B of 3.1x provide additional context. Below-market P/E with growing revenue suggests a potential buying opportunity — the stock may be undervalued relative to its fundamentals.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $25.12B
Cash: $973.23M
Long-Term Debt: $2.03B
Book Value: $1.73B
D/E Ratio: 1.2
Debt/EBITDA: 4.9

With $25.12B in assets and $2.03B in long-term debt, the D/E of 1.2and book value of $1.73B — reflects moderate leverage — debt is manageable but worth monitoring.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-149,000
Free Cash Flow: $-5.76M
FCF Margin: -0.1%
FCF / Net Income: -0.0

FCF of $-5.76M on $-149,000 in operating cash flow. The FCF / Net Income ratio of -0.0x shows cash consumption — the business is not yet self-funding.

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Virtu Financial (VIRT) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Financial Services•Capital Markets

ExcellentMetricSide Score: 82/100

ProfitabilityProfit30/30

GrowthGrowth25/25

Balance SheetBalance16/25

Cash QualityCash11/20

Price & Volume

Market Cap $5.32B

Moat Signals

Competitive analysis based on 44 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are expanding at ~27.9%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 24.5% suggests a durable competitive advantage and efficient capital allocation.

Cash Generation

Moderate Moat

6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Strong Moat

TTM revenue has grown consistently (7 of 7 quarters up), with ~55.5% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 44 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~32.3% — no sign of cost or pricing stress.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

D/E ratio is 1.2 — conservative capital structure with low financial risk.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Healthy

Shares decreased 2.3% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.89B
Q. Revenue: $1.10B
TTM EBITDA: $1.28B
TTM Op. Income: $1.28B
Q. Op. Income: $409.57M
TTM Net Income: $550.99M
Q. Net Income: $182.31M
EPS: $1.99
Shares Out.: $86.09M

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 37.4%
Op. Margin: 37.4%
Net Margin: 16.6%

Op. margin of 37.4% is up 10.7% YoY — cost efficiency is improving. Net margin at 16.6%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.7x
P/S Ratio: 1.4x
P/B Ratio: 3.1x

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $25.12B
Cash: $973.23M
Long-Term Debt: $2.03B
Book Value: $1.73B
D/E Ratio: 1.2
Debt/EBITDA: 4.9

With $25.12B in assets and $2.03B in long-term debt, the D/E of 1.2and book value of $1.73B — reflects moderate leverage — debt is manageable but worth monitoring.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-149,000
Free Cash Flow: $-5.76M
FCF Margin: -0.1%
FCF / Net Income: -0.0

FCF of $-5.76M on $-149,000 in operating cash flow. The FCF / Net Income ratio of -0.0x shows cash consumption — the business is not yet self-funding.