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Virtus Investment Partners vs Cohen & Steers: VRTS and CNS compared
Virtus Investment Partners is the larger company: $201M of revenue in its latest quarter (Q2 2026) against $157M for Cohen & Steers (Q3 2026). Cohen & Steers is growing faster (+11% against -4% a year earlier). Cohen & Steers is more profitable, with an operating margin of 32.4% against 13.6%.
Where the money goes: VRTS and CNS
Virtus Investment Partners (VRTS) · Q2 2026
Virtus Investment Partners, Q2 2026: revenue $201M (-4% year over year), operating margin 13.6%, net earnings $45.3M, operating cash flow $57.4M. The chart follows the revenue to costs, profit and cash.
Cohen & Steers (CNS) · Q3 2026
Cohen & Steers, Q3 2026: revenue $157M (+11% year over year), operating margin 32.4%, net earnings $42.2M, operating cash flow $20.9M. The chart follows the revenue to costs, profit and cash.
| Virtus Investment Partners (VRTS) | Cohen & Steers (CNS) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $201M | $157M |
| Revenue growth, Y/Y | -4% | +11% |
| Operating margin | 13.6% | 32.4% |
| Net earnings | $45.3M | $42.2M |
| Net margin | 22.5% | 26.8% |
| Operating cash flow | $57.4M | $20.9M |
| Free cash flow | $56.1M | $20.0M |
| Market value | $833M | $3.6B |
| P/E | 7.2× | 21.3× |
| Analysts’ mean target | $129.75 | $69.33 |
Where the revenue comes from
Virtus Investment Partners
- Investment management fees: $171M (85%)
- Administration and shareholder service fees: $17.3M (9%)
- Distribution and service fees: $11.8M (6%)
- Other income and fees: $1.4M (1%)
Cohen & Steers
- Open-end funds: $92.5M (59%)
- Institutional: $36.6M (23%)
- Closed-end funds: $28.3M (18%)
Questions
Which is bigger, Virtus Investment Partners or Cohen & Steers?
Virtus Investment Partners is the larger company: $201M of revenue in its latest quarter (Q2 2026) against $157M for Cohen & Steers (Q3 2026).
Is Virtus Investment Partners or Cohen & Steers growing faster?
Cohen & Steers is growing faster (+11% against -4% a year earlier).
Which is more profitable, Virtus Investment Partners or Cohen & Steers?
Cohen & Steers is more profitable, with an operating margin of 32.4% against 13.6%.
More: Virtus Investment Partners earnings · how Virtus Investment Partners makes money · Cohen & Steers earnings · how Cohen & Steers makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 7, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.