VIRC
Virco Mfg. CorporationConsumer Cyclical·Furnishings, Fixtures & Appliances
$6.03
$95M market cap
Revenue
$199.7M
Free Cash Flow
$-0.8M
Rev Growth
-8.0%
FCF Margin
-0.4%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States. It offers seating products, including 4-leg chairs, cantilever chairs, tablet armchairs with work surfaces and compact footprints, steel-frame and floor rockers, stools, series chairs, stack and folding chairs, hard plastic seating, upholstered stack and ergonomic chairs, and plastic stack chairs. The company also provides folding, activity, office, computer, and mobile tables; and compu
2-Year Price History
$5.98-53.6%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q4 | 26.2 | -8.4 | -9.9 | -7.0 | -10.8 | -5.7 | -5.1 | 14.4 | 40.4 | 15.8 | -40.1% | -25.4x | 12.9x |
| Act | 2026-Q3 | 47.6 | -0.2 | -1.7 | -1.3 | 25.8 | 24.5 | -1.3 | 26.5 | 41.8 | 15.8 | -6.0% | -5.6x | 10.4x |
| Act | 2026-Q2 | 92.1 | 16.3 | 15.4 | 10.2 | 3.2 | 1.8 | -1.4 | 2.6 | 41.9 | 15.7 | 55.2% | 79.3x | -- |
| Act | 2026-Q1 | 33.8 | 2.9 | -0.1 | 0.7 | -19.0 | -21.5 | -2.4 | 0.9 | 41.3 | 15.8 | -0.5% | 7.6x | -- |
| Act | 2025-Q4 | 28.5 | -6.4 | -8.1 | -5.7 | -8.3 | -9.2 | -0.9 | 26.9 | 41.8 | 16.4 | -31.4% | -- | -- |
Historical Valuation
Multiples vs the company's own history — cheap or rich relative to itself? Historical fiscal years, then TTM, then forward projections (E). Forward rows hold today's price against projected earnings, so the multiple compresses if the company grows into it.
| Year | Price | Rev Gr | EBITDA % | EBITDA | EV/EBITDA | EV/FCF | P/E | P/S |
|---|---|---|---|---|---|---|---|---|
| 2026 | 5.98 | — | 5.3% | 11 | 11.4× | n/m | 36.7× | 0.5× |
| TTM | 6.03 | -1.1% | 5.3% | 11 | 0.0× | 0.0× | 0.0× | 0.0× |
EBITDA in reporting-currency $M. Historical multiples use year-end market cap (split-adjusted price history); TTM & forward years use today's.
Valuation & Metrics
Market Stats
Price$6.03
Market Cap$95M
Enterprise Value$121M
P/S Ratio0.5x
P/FCF--
EV/FCF--
FCF Margin (TTM)-0.4%
FCF Yield-0.9%
Dividend Yield (TTM)2.1%
Annual Dilution-3.7%
CurrencyUSD
TTM Financial Snapshot
Revenue$199.7M
Net Income$2.6M
Free Cash Flow$-0.8M
Revenue Growth (YoY)-8.0%
EBITDA Margin5.3%
Net Margin1.3%
FCF Margin-0.4%
CapEx % of Revenue5.1%
SBC % of Revenue0.1%
ROIC2.1%
WC Change % Rev25.6%
Interest Coverage35.2x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.6M
Days to Cover13.2
Change (vs Prior)+1.9%
Need at least 2 settlement dates for chart
Employees
Headcount810
Revenue / Employee$246,484
Gross Profit / Employee$100,295
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
25.1%(-33.1% YoY)
61 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
16.5%(-9.8% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.5% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Minerva Advisors LLC | $9.3M | $7.47 | +$424K | +$1.9M | -1.8% | $155M |
| DIMENSIONAL FUND ADVISORS LPPassive | $4.2M | $10.94 | −$425K | −$457K | -0.4% | $480.92B |
| BlackRock, Inc.Passive | $3.9M | $13.37 | −$49K | −$266K | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $3.4M | $6.12 | +$3.4M | +$3.4M | — | $4.04T |
| AMERICAN CENTURY COMPANIES INC | $2.8M | $11.55 | −$330K | −$250K | +0.7% | $193.48B |
| ACADIAN ASSET MANAGEMENT LLC | $2.2M | $12.13 | −$136K | −$280K | -0.5% | $70.48B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $1.7M | $10.34 | +$65K | +$204K | +2.3% | $1.61T |
| UBS Group AG | $1.4M | $8.16 | +$860K | +$733K | -0.3% | $562.11B |
| RENAISSANCE TECHNOLOGIES LLC | $1.3M | $10.34 | −$41K | −$67K | +1.2% | $63.91B |
| STATE STREET CORPPassive | $1.1M | $12.70 | +$10K | +$71K | -0.2% | $2.89T |
| LSV ASSET MANAGEMENT | $1.1M | $11.32 | +$0 | +$130K | +0.0% | $46.40B |
| Bank of New York Mellon Corp | $794K | $10.64 | +$6K | −$82K | -0.2% | $543.21B |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $593K | $9.70 | +$11K | +$77K | -2.3% | $4.93B |
| NORTHERN TRUST CORPPassive | $552K | $12.27 | +$37K | −$18K | -0.2% | $755.34B |
| VANGUARD FIDUCIARY TRUST COPassive | $427K | $6.12 | +$427K | +$427K | — | $395.83B |
| GOLDMAN SACHS GROUP INC | $417K | $9.32 | +$100K | +$33K | -0.2% | $760.93B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $397K | $6.12 | +$397K | +$397K | — | $1.91T |
| Nuveen, LLC | $310K | $9.29 | +$4K | −$409K | +0.0% | $368.63B |
| AQR CAPITAL MANAGEMENT LLC | $305K | $12.70 | −$233K | −$1.6M | -0.2% | $218.19B |
| TWO SIGMA INVESTMENTS, LP | $301K | $9.64 | +$173K | +$34K | -0.9% | $117.03B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.67%
avg per quarter
Holders (ex-self)
-0.68%
excl. this stock
Buyers (this Q)
-0.38%
19 buyers · $0.01B in
Sellers (this Q)
+0.14%
31 sellers · $0.00B out
alpha coverage: 89% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-10.6%
how holders react when this stock falls
On quiet Qs
+0.4%
−10% to +10% baseline
On rallies (+10%+)
+9.2%
how they react when this stock rises
Holders' portfolio flow this Q
+2.2%
inflows — adds are organic
Sellers' portfolio flow this Q
+5.0%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-1.4%
Holder mid (any stock)
-2.5%
Holder rally (any stock)
-3.8%
Biggest decreases this quarter
DIMENSIONAL FUND ADVISORS LP−$425Kα-0.4Janney Montgomery Scott LLCexited−$373KAMERICAN CENTURY COMPANIES INC−$330Kα+0.7AQR CAPITAL MANAGEMENT LLC−$233Kα-0.2LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INCexited−$217KQube Research & Technologies Ltd−$167Kα+0.3CITADEL ADVISORS LLCexited−$138KACADIAN ASSET MANAGEMENT LLC−$136Kα-0.5GSA CAPITAL PARTNERS LLPexited−$98KTrexquant Investment LP−$97Kα-0.2
New buyers this quarter
Top-5 holders · 59.4%
Minerva Advisors LLC--
DIMENSIONAL FUND ADVISORS LP--
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
AMERICAN CENTURY COMPANIES INC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Minerva Advisors LLC1.5MInvesco Ltd.—ACADIAN ASSET MANAGEMENT LLC367KD.A. DAVIDSON & CO.15KRENAISSANCE TECHNOLOGIES LLC209KAMERICAN CENTURY COMPANIES INC456KMILLENNIUM MANAGEMENT LLC—AQR CAPITAL MANAGEMENT LLC50KO'SHAUGHNESSY ASSET MANAGEMENT, LLC19KBastion Asset Management Inc.—
Analyst Coverage
Analyst Coverage
Analyst Ratings
1
Buy: 1Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$322K
12 txns · 4 insiders · 49,049 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-04-15 | BUY | Lind Robert R | director | 500 | $6.07 | $3K | $728K |
| 2026-04-15 | BUY | VIRTUE DOUGLAS A | director, officer: Executive Vice President | 11,678 | $6.09 | $71K | $5.35M |
| 2026-04-14 | BUY | VIRTUE DOUGLAS A | director, officer: Executive Vice President | 4,349 | $6.07 | $26K | $5.26M |
| 2026-04-14 | BUY | VIRTUE ROBERT A | director, officer: CEO | 2,700 | $6.22 | $17K | $3.12M |
| 2026-04-13 | BUY | RICHARDSON BRADLEY C | director | 400 | $5.63 | $2K | $224K |
| 2026-04-10 | BUY | RICHARDSON BRADLEY C | director | 1,600 | $5.59 | $9K | $220K |
| 2026-04-10 | BUY | VIRTUE ROBERT A | director, officer: CEO | 3,300 | $5.52 | $18K | $2.76M |
| 2026-01-13 | BUY | VIRTUE ROBERT A | director, officer: CEO | 2,500 | $6.32 | $16K | $3.13M |
| 2026-01-07 | BUY | RICHARDSON BRADLEY C | director | 2,000 | $6.50 | $13K | $246K |
| 2025-10-17 | BUY | VIRTUE DOUGLAS A | director, officer: Executive Vice President | 13,022 | $7.34 | $96K | $6.33M |
| 2025-10-16 | BUY | VIRTUE ROBERT A | director, officer: CEO | 5,000 | $6.96 | $35K | $3.43M |
| 2025-07-14 | BUY | VIRTUE ROBERT A | director, officer: CEO | 2,000 | $8.15 | $16K | $3.98M |
Order Flow (FINRA, ~3w lag)
18.6%retail+5.0pp
19.3%dark-6.2pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Virco Mfg. Corp: Seasonal Slump or Structural Decay?
Overall Risk
5/10
Fraud
3/10
Dilution
2/10
Insolvency
4/10
Earnings Overstated
6/10
Hidden Liabilities
4/10
Legal
2/10
Audit Warnings
3/10
Hidden Upside
5/10
Contextually Acceptable
7/10