(VIRT) Virtu Financial - Overview
Sector: Financial Services | Industry: Capital Markets | Exchange: NYSE (USA) | Market Cap: 11.399m USD | Total Return: 31.2% in 12m
Avg Turnover: 71.4M
EPS Trend: 96.1%
Qual. Beats: 4
Rev. Trend: 98.5%
Qual. Beats: 11
Warnings
No concerns identified
Tailwinds
Supp Ema20, Confidence
Virtu Financial, Inc. (VIRT) is a New York-based financial services firm specializing in market making and execution services across global asset classes, including equities, ETFs, fixed income, and digital assets. The company provides liquidity to various market centers and offers a suite of workflow technologies, trade analytics, and compliance tools to institutional clients, banks, and broker-dealers.
Operating as a high-frequency market maker, Virtu utilizes proprietary technology to provide two-sided quotes, profiting from the bid-ask spread while facilitating continuous price discovery in fragmented markets. This business model typically benefits from heightened market volatility and increased trading volumes, which can expand capture rates. Investors can use ValueRay to further analyze the companys valuation and performance metrics. As a key participant in the Investment Banking & Brokerage sub-industry, Virtu competes by leveraging low-latency infrastructure to execute high volumes of transactions with minimal human intervention.
- Elevated market volatility and trading volumes drive higher market making revenue
- SEC equity market structure reforms create regulatory uncertainty for payment for order flow
- Expansion into fixed income and crypto assets diversifies non-equity revenue streams
- Rising retail trading participation increases demand for execution and wholesale services
- High fixed technology costs necessitate significant trading scale to maintain profit margins
| Net Income: 551.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.34 > 1.0 |
| NWC/Revenue: -28.25% < 20% (prev 39.03%; Δ -67.28% < -1%) |
| CFO/TA 0.04 > 3% & CFO 1.09b > Net Income 551.0m |
| Net Debt (11.4b) to EBITDA (1.86b): 6.11 < 3 |
| Current Ratio: 0.54 > 1.5 & < 3 |
| Outstanding Shares: last quarter (86.1m) vs 12m ago 0.05% < -2% |
| Gross Margin: 59.83% > 18% (prev 0.61%; Δ 5.92k% > 0.5%) |
| Asset Turnover: 18.23% > 50% (prev 17.51%; Δ 0.73% > 0%) |
| Interest Coverage Ratio: 3.71 > 6 (EBITDA TTM 1.86b / Interest Expense TTM 472.0m) |
| A: -0.04 (Total Current Assets 1.27b - Total Current Liabilities 2.37b) / Total Assets 25.1b |
| B: 0.06 (Retained Earnings 1.62b / Total Assets 25.1b) |
| C: 0.08 (EBIT TTM 1.75b / Avg Total Assets 21.3b) |
| D: 0.07 (Book Value of Equity 1.62b / Total Liabilities 22.9b) |
| Altman-Z'' = 0.55 = B |
| DSRI: 0.11 (Receivables 297.6m/2.05b, Revenue 3.89b/3.07b) |
| GMI: 1.01 (GM 59.83% / 60.62%) |
| AQI: 1.14 (AQ_t 0.94 / AQ_t-1 0.82) |
| SGI: 1.27 (Revenue 3.89b / 3.07b) |
| TATA: -0.02 (NI 551.0m - CFO 1.09b) / TA 25.1b) |
| Beneish M = -3.49 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 52.75 with a total of 891,740 shares traded.
Over the past week, the price has changed by -3.71%,
over one month by +8.75%,
over three months by +32.00% and
over the past year by +31.16%.
Virtu Financial has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold VIRT.
- StrongBuy: 2
- Buy: 1
- Hold: 5
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 51.7 | -2% |
P/E Forward = 9.8135
P/S = 3.7377
P/B = 2.6459
P/EG = -9.42
Revenue TTM = 3.89b USD
EBIT TTM = 1.75b USD
EBITDA TTM = 1.86b USD
Long Term Debt = 9.75b USD (from longTermDebt, last quarter)
Short Term Debt = 2.37b USD (from shortTermDebt, last quarter)
Debt = 12.4b USD (corrected: LT Debt 9.75b + ST Debt 2.37b) + Leases 247.5m
Net Debt = 11.4b USD (calculated: Debt 12.4b - CCE 973.2m)
Enterprise Value = 22.8b USD (11.4b + Debt 12.4b - CCE 973.2m)
Interest Coverage Ratio = 3.71 (Ebit TTM 1.75b / Interest Expense TTM 472.0m)
EV/FCF = 22.25x (Enterprise Value 22.8b / FCF TTM 1.02b)
FCF Yield = 4.50% (FCF TTM 1.02b / Enterprise Value 22.8b)
FCF Margin = 26.35% (FCF TTM 1.02b / Revenue TTM 3.89b)
Net Margin = 14.17% (Net Income TTM 551.0m / Revenue TTM 3.89b)
Gross Margin = 59.83% ((Revenue TTM 3.89b - Cost of Revenue TTM 1.56b) / Revenue TTM)
Gross Margin QoQ = 62.40% (prev 50.88%)
Tobins Q-Ratio = 0.91 (Enterprise Value 22.8b / Total Assets 25.1b)
Interest Expense / Debt = 3.82% (Interest Expense 472.0m / Debt 12.4b)
Taxrate = 15.38% (63.0m / 409.6m)
NOPAT = 1.48b (EBIT 1.75b * (1 - 15.38%))
Current Ratio = 0.54 (Total Current Assets 1.27b / Total Current Liabilities 2.37b)
Debt / Equity = 7.13 (Debt 12.4b / totalStockholderEquity, last quarter 1.73b)
Debt / EBITDA = 6.11 (Net Debt 11.4b / EBITDA 1.86b)
Debt / FCF = 11.12 (Net Debt 11.4b / FCF TTM 1.02b)
Total Stockholder Equity = 1.54b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.58% (Net Income 551.0m / Total Assets 25.1b)
RoE = 35.67% (Net Income TTM 551.0m / Total Stockholder Equity 1.54b)
RoCE = 15.51% (EBIT 1.75b / Capital Employed (Equity 1.54b + L.T.Debt 9.75b))
RoIC = 5.90% (NOPAT 1.48b / Invested Capital 25.1b)
WACC = 5.13% (E(11.4b)/V(23.8b) * Re(7.19%) + D(12.4b)/V(23.8b) * Rd(3.82%) * (1-Tc(0.15)))
Discount Rate = 7.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -77.78 | Cagr: -2.06%
[DCF] Terminal Value 76.40% ; FCFF base≈995.5m ; Y1≈1.06b ; Y5≈1.27b
[DCF] Fair Price = 93.89 (EV 19.6b - Net Debt 11.4b = Equity 8.17b / Shares 87.0m; r=8.35% [WACC [floored]]; 5y FCF grow 7.68% → 2.50% )
EPS Correlation: 96.14 | EPS CAGR: 66.32% | SUE: 3.71 | # QB: 4
Revenue Correlation: 98.48 | Revenue CAGR: 25.42% | SUE: 0.94 | # QB: 11
EPS current Quarter (2026-06-30): EPS=1.49 | Chg30d=+13.92% | Revisions=+40% | Analysts=7
EPS next Quarter (2026-09-30): EPS=1.31 | Chg30d=+7.45% | Revisions=+33% | Analysts=7
EPS current Year (2026-12-31): EPS=6.43 | Chg30d=+19.66% | Revisions=+60% | GrowthEPS=+12.2% | GrowthRev=+13.5%
EPS next Year (2027-12-31): EPS=5.86 | Chg30d=+9.52% | Revisions=+64% | GrowthEPS=-8.9% | GrowthRev=-6.6%
[Analyst] Revisions Ratio: +64%