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. In the quarter to June 2026, revenue grew 45.3%, EPS grew 175.0%, free cash flow fell 65.3% and total debt fell 32.1%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three.

92.16 0.65 −0.70%
Market cap
$3.3B
P/E
32.5×
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

Insider Decisions trades per month

Total sells 157.68
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — 2 — — 1 1 — 1 — —
Insider Ownership 0.81%

Capital & Financial Ratios $m

Market Cap 3,290.00
Revenue 668.50
Net Income 101.40
Free Cash Flow (50.10)
Net Debt 114.20
Current Ratio 0.82
Debt/Equity 1.50
P/E ratio 32.45
Fwd P/E 0.00
P/S ratio 4.91
P/B ratio 24.63
Past 5Y EPS Growth (8.73%) (below 0%: weak)
This Y EPS Growth 62.46% (at or above 15%: strong)
Next Y EPS Growth 19.60% (at or above 15%: strong)
Next Y revenue growth 38.74% (at or above 10%: strong)
Next 5Y EPS Growth 33.54% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 91.82%
10-year low 10-year high
P/S against its own 10 years 97.94%
10-year low 10-year high
P/B against its own 10 years 84.50%
10-year low 10-year high

Dividends

Payout Ratio 0.11
Annual Dividend Rate 0.31
Annual Dividend Yield 0.34%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.41
0.10
0.10
0.10
2025 0.04
0.01
0.01
0.01
0.01
2024 0.04
0.01
0.01
0.01
0.01
2023 0.04
0.01
0.01
0.01
0.01
2022 0.04
0.01
0.01
0.01
0.01
2021 0.04
0.01
0.01
0.01
0.01
2020 0.23
0.10
0.10
0.01
0.01
0.01
2019 0.40
0.10
0.10
0.10
0.10
2018 0.39
0.09
0.10
0.10
0.10
2017 0.35
0.08
0.09
0.09
0.09
2016 0.32
0.08
0.08
0.08
0.08
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 148 99 124 86
Receivables 146 168 181 220
Inventory — — — —
Other — — — —
363 345 383 399
2023 2024 2025 Q'26
Payables 39 38 59 151
ST’ Debt 274 274 200 200
Other 4 20 8 41
421 456 401 485

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%

Revenue $m

Mar Jun Sep Dec Year
’26 167 185 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.68 0.76 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 10.27 13.20 10.04 8.40 3.61 17.86 14.73 15.23 18.09 22.60

Analyst estimates 2026–2028

Powerpack
High 15.52 17.22 18.62 14.87 19.78 31.17 26.48 26.88 31.52 54.99
People
People Employees 1,286 1,342 960 936 800 350 354 387 383 396
Revenue/emp, $m 0.52 0.66 0.97 0.88 0.62 1.50 1.18 1.10 1.32 1.42
Income, $m
Income, $m Revenue 664 887 928 820 500 524 417 427 506 564
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT 161 142 135 258 345 178 145 97 126 143
EBT margin, % 24.24 16.00 14.57 31.48 69.03 34.00 34.71 22.62 24.86 25.40
Net income 126 9 130 240 315 896 101 66 85 80
Depreciation 12 18 21 24 20 22 19 17 19 17
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
Earnings 1.06 0.04 1.27 2.48 3.49 10.04 2.34 1.58 2.25 2.21
Cash flow 1.16 2.04 1.82 (1.52) 1.11 (0.15) 2.77 1.65 1.48 (0.07)
Capex (0.11) (0.12) (0.20) (0.37) (0.31) (0.20) (0.38) (0.33) (0.26) (0.33)
Free cash flow 1.04 1.91 1.61 (1.89) 0.80 (0.34) 2.39 1.31 1.21 (0.39)
Book value 1.38 1.15 1.25 1.26 4.73 (0.23) (0.51) 1.19 2.30 2.32
Shares, m 119 111 107 91 81 77 42 42 38 36
Valuation, ×
Valuation, × P/E 13.75 555.67 8.41 4.12 5.42 2.44 8.57 11.97 11.65 21.27
P/S 2.59 2.08 1.24 1.14 3.14 3.77 2.07 1.83 1.97 3.02
P/B 10.43 14.50 8.55 8.14 4.08 0.00 0.00 15.76 11.43 20.25
EV/Sales 9.20 2.33 1.32 1.68 3.22 4.09 2.48 2.18 2.36 3.19
EV/FCF 49.17 9.78 7.08 (8.00) 24.82 (80.48) 10.29 17.03 25.99 (125.78)
Cash, $m
Cash, $m Operating cash flow 138 226 195 (138) 91 (11) 117 68 56 (2)
Capex (13) (14) (22) (34) (26) (15) (16) (14) (10) (12)
Free cash flow 124 212 173 (172) 65 (27) 101 55 46 (14)
Balance, $m
Balance, $m Working capital (223) (120) 59 (189) 71 (52) (91) (58) (111) (18)
Total debt 784 426 786 569 394 395 274 274 274 200
Net debt 682 226 441 448 21 143 152 126 176 76
Shareholders’ equity 165 127 134 115 384 (18) (22) 50 87 84
Returns, %
Returns, % ROA 10.95 0.30 8.96 15.06 20.49 79.12 16.31 11.64 12.93 11.59
ROIC 11.48 12.56 9.11 27.82 20.28 72.78 80.29 37.68 32.21 51.73
ROE 76.40 2.87 104.32 180.06 114.93 451.69 (513.27) 471.68 124.45 93.51
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
CNS Cohen & Steers Inc $3.6B 21.3× 22.3× +12.20% (above 0%: growing) +33.33% (above 0%: growing) +194.97% (above 0%: growing) 100.00% 34.55% Compare
AAMI Acadian Asset Management Inc. $3.3B 32.5× — (loss-making) +45.29% (above 0%: growing) +175.00% (above 0%: growing) −65.25% (below 0%: shrinking) 100.00% 17.50%
WT WisdomTree, Inc. $3.3B 38.1× 23.9× +57.31% (above 0%: growing) +76.47% (above 0%: growing) +95.88% (above 0%: growing) 100.00% 40.53% Compare
AB AllianceBernstein Holding L.P. $3.2B 10.3× — — +20.31% (above 0%: growing) −13.25% (below 0%: shrinking) — — Compare
GBDC Golub Capital BDC, Inc. $3.2B 18.6× 15.6× −14.02% (below 0%: shrinking) −35.29% (below 0%: shrinking) +196.17% (above 0%: growing) 100.00% 77.88% Compare
HTGC Hercules Capital, Inc. $3.1B 7.8× 8.8× +8.48% (above 0%: growing) +59.09% (above 0%: growing) +305.69% (above 0%: growing) 100.00% 77.89% Compare
FSK FS KKR Capital Corp. $3.0B — (loss-making) — (loss-making) −27.14% (below 0%: shrinking) n/m +618.52% (above 0%: growing) 100.00% 76.90% Compare
SII Sprott Inc. $2.9B 26.5× 13.0× +23.09% (above 0%: growing) +155.77% (above 0%: growing) +64.22% (above 0%: growing) 100.00% 56.77% Compare
APAM Artisan Partners Asset Management Inc. $2.7B 7.8× 10.2× +8.90% (above 0%: growing) +18.09% (above 0%: growing) +126.73% (above 0%: growing) 40.90% 27.48% Compare
Median of peers $3.2B 18.6× 14.3× +8.90% +33.33% +160.85% 100.00% 56.77%

All 120 Asset Management stocks →

Acadian Asset Management Inc. (AAMI) key facts

  • Strength: Acadian Asset Management Inc.’s revenue for fiscal 2025 (year ended December 2025) was $563.7 million, up 11.5% from fiscal 2024.
  • Acadian Asset Management Inc. (AAMI) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, AAMI traded at $92.16, a market capitalization of $3.3 billion.
  • Acadian Asset Management Inc. pays an annual dividend of $0.31 per share, a yield of 0.34%, with a payout ratio of 11.0%.
  • Return on equity was 93.5% and debt-to-equity 1.50.
  • Its Piotroski F-score is 5 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/AAMI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com