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Acadian Asset Management Inc.

AAMI Financial Asset Management

Acadian Asset Management Inc.’s revenue for fiscal 2025 (year ended December 2025) was $563.7 million, up 11.5% from fiscal 2024.

Revenue
+32.6%
EPS
+155.5%
Free cash flow
−65.3%
Total debt
−27.2%

Quarter to September 2026, against a year earlier

90.74 1.05 −1.14%
Market cap
$3.3B
P/E
26.2×
Fwd P/E
0.0×
Dividend yield
0.34%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 157.68
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 2 — — 1 1 — 1 — — —
Insider Ownership 0.54%

Capital & Financial Ratios $m

Size
Market Cap 3,260.00
Revenue ttm 715.50
Net income ttm 101.40
Free cash flow ttm (50.10)
Net debt Q 50.00
Valuation
P/E 26.24
Forward P/E 0.00
Price / sales 4.55
Forward P/S Powerpack
Price / FCF 0.00
Price / book 16.23
Financial health
Current ratio Q 0.97
Debt / equity Q 1.00
Interest coverage Q 15.30
Growth
Revenue growth Q +32.59% (above 0%: growing)
Operating income growth Q +89.85% (above 0%: growing)
EPS, this year +70.92% (at or above 15%: strong)
EPS, next year A +11.25%
Revenue, next year A +35.85% (at or above 10%: strong)
EPS, past 5 yrs −8.73% (below 0%: weak)
EPS, next 5 yrs A +31.44% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 88.16%
10-year low 10-year high
P/S against its own 10 years 95.60%
10-year low 10-year high
P/B against its own 10 years 70.81%
10-year low 10-year high

Dividends

Yield
0.34%
Annual rate
0.31
Payout ratio
8.91%
Growth, 2017–25
−23.7%/yr
  1. 0.35 ’17
  2. 0.39 ’18 +11
  3. 0.40 ’19 +3
  4. 0.23 ’20 −43
  5. 0.04 ’21 −83
  6. 0.04 ’22 +0
  7. 0.04 ’23 +0
  8. 0.04 ’24 +0
  9. 0.04 ’25 +0
  10. 0.41 ’26e +925
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 148 99 124 150
Receivables 146 168 181 216
Inventory — — — —
Other — — — —
363 345 383 366
2023 2024 2025 Q'26
Payables 39 38 59 178
ST’ Debt 274 274 200 200
Other 4 20 8 —
421 456 401 378

Compound Annual Growth %

10y 5y 3y
Sales (2.13%) 2.45% 10.55%
Cash Flow 0.00% 0.00% 0.00%
Earnings (6.43%) (22.53%) (7.35%)
Book Value (6.58%) (26.23%) 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.22 Actual 1.36

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.38 1.32 Miss by 0.06
Q1 FY26 0.94 1.05 Beat by 0.11
Q2 FY26 1.03 1.33 Beat by 0.30
Q3 FY26 1.22 1.36 Beat by 0.14
Q4 FY26 1.83 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.68 0.76 1.07 — —
’25 0.54 0.28 0.42 0.97 2.21
’24 0.37 0.29 0.45 1.13 2.22
’23 0.28 0.27 0.46 0.54 1.55
’22 0.53 0.67 0.42 0.72 2.34
’21 0.33 6.42 2.76 0.53 10.04
’20 0.38 0.23 0.46 2.42 3.49
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 167 185 191 — —
’25 120 127 144 172 564
’24 106 109 123 168 506
’23 92 96 107 131 427
’22 112 96 87 123 417
’21 110 133 118 163 524
’20 147 123 128 103 500
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (45) 26 — — —
’25 (49) 62 (24) 9 (2)
’24 (40) 46 70 (19) 56
’23 (35) 39 21 43 68
’22 (14) 44 33 54 117
’21 (20) 66 (30) (27) (11)
’20 (33) 96 30 (1) 91
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (49) 20 — — —
’25 (51) 59 (27) 5 (14)
’24 (43) 43 67 (22) 46
’23 (39) 36 18 40 55
’22 (18) 40 29 50 101
’21 (24) 62 (34) (31) (27)
’20 (39) 86 24 (6) 65
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 664 887 928 820 500 524 417 427 506 564 716 (1.8%) 766 901 1,003 +21.2%
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 161 142 135 258 345 178 145 97 126 143 182 (1.3%)
EBT margin, % 24.24 16.00 14.57 31.48 69.03 34.00 34.71 22.62 24.86 25.40 25.44 +1.2 pt
Net income 126 9 130 240 315 896 101 66 85 80 101 (4.9%)
Per share, $
Per share, $ Revenue 5.57 8.02 8.64 8.99 6.14 6.79 9.91 10.28 13.38 15.57 20.15 +12.1%
Earnings 1.06 0.04 1.27 2.48 3.49 10.04 2.34 1.58 2.25 2.21 3.49 +8.5%
Cash flow 1.16 2.04 1.82 (1.52) 1.11 (0.15) 2.77 1.65 1.48 (0.07) 0.00 n/m
Capex (0.11) (0.12) (0.20) (0.37) (0.31) (0.20) (0.38) (0.33) (0.26) (0.33) 0.00 +12.6%
Free cash flow 1.04 1.91 1.61 (1.89) 0.80 (0.34) 2.39 1.31 1.21 (0.39) 0.00 n/m
Book value 1.38 1.15 1.25 1.26 4.73 (0.23) (0.51) 1.19 2.30 2.32 5.65 +5.9%
Shares, m 119 111 107 91 81 77 42 42 38 36 36 (12.4%)
Valuation, ×
Valuation, × P/E 13.75 555.67 8.41 4.12 5.42 2.44 8.57 11.97 11.65 21.27 26.24 64.3
P/S 2.59 2.08 1.24 1.14 3.14 3.77 2.07 1.83 1.97 3.02 4.55 2.3
P/B 10.43 14.50 8.55 8.14 4.08 0.00 0.00 15.76 11.43 20.25 16.23 9.3
EV/Sales 9.20 2.33 1.32 1.68 3.22 4.09 2.48 2.18 2.36 3.19 — 3.2
EV/FCF 49.17 9.78 7.08 (8.00) 24.82 (80.48) 10.29 17.03 25.99 (125.78) — (7.0)
Cash, $m
Cash, $m Operating cash flow 138 226 195 (138) 91 (11) 117 68 56 (2) (34) n/m
Capex (13) (14) (22) (34) (26) (15) (16) (14) (10) (12) (16) (1.4%)
Free cash flow 124 212 173 (172) 65 (27) 101 55 46 (14) (50) n/m
Balance, $m
Balance, $m Working capital (223) (120) 59 (189) 71 (52) (91) (58) (111) (18) (12) (24.4%)
Net debt 682 226 441 448 21 143 152 126 176 76 50 (21.7%)
Shareholders’ equity 165 127 134 115 384 (18) (22) 50 87 84 201 (7.2%)
Returns, %
Returns, % ROA 10.95 0.30 8.96 15.06 20.49 79.12 16.31 11.64 12.93 11.59 14.76 +0.6 pt
ROIC 11.48 12.56 9.11 27.82 20.28 72.78 80.29 37.68 32.21 51.73 45.46 +40.3 pt
ROE 76.40 2.87 104.32 180.06 114.93 451.69 (513.27) 471.68 124.45 93.51 110.28 +17.1 pt
People
People Employees 1,286 1,342 960 936 800 350 354 387 383 396 — (12.3%)
Revenue/emp, $m 0.52 0.66 0.97 0.88 0.62 1.50 1.18 1.10 1.32 1.42 — +11.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Acadian Asset Management Inc. vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GBDC Golub Capital BDC, Inc. $3.4B 19.9× 20.6× −14.02% (below 0%: shrinking) −35.29% (below 0%: shrinking) +196.17% (above 0%: growing) 100.00% 77.88% Compare
AAMI Acadian Asset Management Inc. $3.3B 26.2× — (loss-making) +32.59% (above 0%: growing) +155.52% (above 0%: growing) −65.25% (below 0%: shrinking) 100.00% 26.41%
APAM Artisan Partners Asset Management Inc. $3.2B 9.4× 9.7× +3.73% (above 0%: growing) +11.83% (above 0%: growing) +168.53% (above 0%: growing) 48.10% 35.13% Compare
FSK FS KKR Capital Corp. $3.2B — (loss-making) — (loss-making) −21.18% (below 0%: shrinking) −65.79% (below 0%: shrinking) −42.86% (below 0%: shrinking) 100.00% 0.00% Compare
AB AllianceBernstein Holding L.P. $3.2B 10.3× — — −0.09% (below 0%: shrinking) +7.24% (above 0%: growing) — — Compare
HTGC Hercules Capital, Inc. $3.1B 8.5× 8.7× +1.46% (above 0%: growing) −24.24% (below 0%: shrinking) −5,073.08% (below 0%: shrinking) 100.00% 80.30% Compare
SII Sprott Inc. $2.9B 27.5× 13.0× +23.09% (above 0%: growing) +155.77% (above 0%: growing) +64.22% (above 0%: growing) 100.00% 56.77% Compare
WT WisdomTree, Inc. $2.9B 25.3× 27.5× +42.80% (above 0%: growing) +138.21% (above 0%: growing) +24.39% (above 0%: growing) 100.00% 41.32% Compare
ASST Strive, Inc. $2.6B — (loss-making) — (loss-making) +94.64% (above 0%: growing) n/m −10,264.43% (below 0%: shrinking) 100.00% (8,780.99%) Compare
Median of peers $3.2B 15.1× 13.0× +3.73% −0.09% +15.82% 100.00% 41.32%

All 121 Asset Management stocks →

Acadian Asset Management Inc. (AAMI) Latest News

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AAMI metrics, ten years each

stockrow.com/AAMI · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com