Saturday 17 October 2026
Export AMG’s income statement to Excel — free account
Affiliated Managers Group, Inc.
AMG Financial Asset Management
Affiliated Managers Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 1.64% from fiscal 2024. In the quarter to June 2026, revenue grew 29.9%, EPS grew 138.2%, free cash flow grew 4.18% and total debt rose 14.6%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
383.76
0.72
+0.19%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
16.76 | 16.45 | 21.95 | 206.68 | 22.91 | 12.04 | 5.31 | 7.77 | 11.22 | 11.33 |
Piotroski F-Score |
5 | 6 | 5 | 6 | 6 | 7 | 5 | 6 | 5 | 6 |
P/S ratio |
3.60 | 4.93 | 2.20 | 1.91 | 2.33 | 2.83 | 2.65 | 2.56 | 2.82 | 3.96 |
P/FCF ratio |
7.67 | 9.87 | 4.66 | 4.65 | 4.73 | 5.46 | 5.93 | 6.10 | 6.19 | 8.50 |
P/Operating CF |
21.60 | 30.74 | 19.75 | 13.69 | 12.36 | 18.86 | 24.02 | 20.63 | 27.06 | 32.04 |
P/B ratio |
1.79 | 2.48 | 1.26 | 1.22 | 1.43 | 1.84 | 1.48 | 1.15 | 1.34 | 1.97 |
Price to Tangible BV |
26.25 | 24.38 | 27.26 | 0.00 | 0.00 | 0.00 | 0.00 | 22.47 | 371.03 | 1,711.66 |
EV/Sales |
4.37 | 5.55 | 3.50 | 3.31 | 4.19 | 4.59 | 4.73 | 4.63 | 4.92 | 6.12 |
EV/EBITDA |
11.67 | 14.29 | 9.20 | 8.59 | 11.03 | 11.72 | 13.15 | 12.76 | 14.17 | 22.03 |
EV/Operating CF |
9.12 | 10.92 | 7.29 | 7.97 | 8.41 | 8.79 | 10.45 | 10.89 | 10.77 | 13.04 |
EV/FCF |
9.30 | 11.10 | 7.41 | 8.06 | 8.48 | 8.85 | 10.56 | 11.05 | 10.81 | 13.12 |
Quick Ratio |
0.59 | 0.59 | 0.38 | 0.39 | 0.48 | 0.40 | 0.22 | 1.88 | 2.13 | 1.34 |
Current Ratio |
0.59 | 0.59 | 0.38 | 0.39 | 0.48 | 0.40 | 0.22 | 1.88 | 2.13 | 1.34 |
Net Debt/EBITDA |
2.05 | 1.58 | 3.37 | 3.63 | 4.89 | 4.49 | 5.77 | 2.31 | 2.36 | 3.65 |
Debt/Assets |
24.11% | 21.31% | 43.89% | 47.92% | 60.85% | 58.06% | 59.29% | 28.01% | 29.67% | 29.23% |
Debt/Equity |
0.48 | 0.41 | 0.87 | 1.05 | 1.45 | 1.39 | 1.26 | 0.56 | 0.61 | 0.64 |
Asset Turnover |
0.27 | 0.26 | 0.28 | 0.28 | 0.26 | 0.29 | 0.26 | 0.23 | 0.23 | 0.23 |
Operating CF/Net income |
2.22 | 1.70 | 4.68 | 59.18 | 4.99 | 2.23 | 0.92 | 1.30 | 1.82 | 1.36 |
Capex/Depreciation |
(0.16) | (0.17) | (0.14) | (0.06) | (0.05) | (0.16) | (0.17) | (0.20) | (0.08) | (0.04) |
Interest Coverage |
7.54 | 8.98 | 9.52 | 9.15 | 6.61 | 8.01 | 6.74 | 5.53 | 5.00 | 2.97 |
| 11.54% | 15.31% | 5.59% | 0.41% | 5.93% | 16.10% | 29.06% | 15.39% | 11.54% | 16.91% | |
| 5.72% | 7.90% | 2.88% | 0.20% | 2.60% | 6.75% | 12.91% | 7.50% | 5.72% | 7.95% | |
ROIC |
7.07% | 8.22% | 6.68% | 6.57% | 5.39% | 7.01% | 5.34% | 6.80% | 6.98% | 4.04% |
Return on Tangible Assets |
(85.76%) | (124.44%) | (16.18%) | (1.14%) | (13.63%) | (30.12%) | (45.84%) | 108.39% | 65.74% | 217.35% |
Average Days of Receivables |
84.11 | 81.01 | 61.48 | 67.98 | 75.90 | 63.43 | 49.51 | 65.34 | 73.27 | 87.31 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
60.63% | 58.66% | 59.07% | 58.93% | 59.44% | 57.79% | 62.54% | 61.51% | 63.30% | 68.86% |
Intangible Assets out of Total Assets |
0.47 | 0.47 | 0.48 | 0.50 | 0.47 | 0.52 | 0.51 | 0.48 | 0.49 | 0.45 |
Share Based Compensation of Revenue |
3.66% | 3.92% | 4.25% | 4.04% | 5.88% | 5.25% | 4.88% | 5.45% | 5.47% | 9.78% |
Graham Net Nets |
(0.43) | (0.28) | (0.60) | (0.75) | (0.66) | (0.56) | (0.64) | (0.63) | (0.55) | (0.48) |
Graham Number |
126.44 | 150.67 | 87.79 | 25.28 | 84.42 | 165.77 | 271.52 | 237.66 | 226.38 | 289.58 |
Earnings Yield |
5.97% | 6.08% | 4.56% | 0.48% | 4.37% | 8.30% | 18.82% | 12.87% | 8.91% | 8.82% |
Free Cash Flow Yield |
13.04% | 10.13% | 21.48% | 21.49% | 21.16% | 18.32% | 16.88% | 16.39% | 16.15% | 11.77% |
Revenue per Share |
40.49 | 41.16 | 44.37 | 44.35 | 43.60 | 58.13 | 60.51 | 58.63 | 65.62 | 72.79 |
Operating CF per Share |
19.38 | 20.90 | 21.28 | 18.40 | 21.71 | 30.34 | 27.39 | 24.91 | 29.97 | 34.15 |
Capex per Share |
(0.37) | (0.33) | (0.35) | (0.19) | (0.18) | (0.20) | (0.30) | (0.35) | (0.11) | (0.21) |
Free Cash Flow per Share |
19.01 | 20.57 | 20.93 | 18.21 | 21.52 | 30.14 | 27.10 | 24.56 | 29.86 | 33.93 |
Cash per Share |
7.95 | 7.85 | 10.55 | 10.69 | 22.36 | 21.89 | 11.15 | 23.18 | 30.55 | 20.56 |
Shareholders Equity per Share |
81.67 | 81.76 | 77.14 | 69.29 | 71.34 | 89.41 | 108.46 | 130.20 | 138.21 | 146.50 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
81.67 | 81.76 | 77.14 | 69.29 | 71.34 | 89.41 | 108.46 | 130.20 | 138.21 | 146.50 |
Free Cash Flow |
1,030.10 | 1,151.90 | 1,121.90 | 919.50 | 1,000.80 | 1,250.80 | 1,043.30 | 861.90 | 928.70 | 967.10 |
Working Capital |
(661.40) | (665.10) | (1,610.10) | (1,471.70) | (1,563.20) | (1,951.80) | (2,568.40) | 553.50 | 720.60 | 275.30 |
Capital Expenditures |
(20.20) | (18.50) | (18.70) | (9.60) | (8.50) | (8.40) | (11.40) | (12.40) | (3.40) | (6.10) |
Net Current Asset Value |
(3,386.10) | (3,172.50) | (3,118.10) | (3,197.70) | (3,110.30) | (3,838.10) | (3,960.20) | (3,307.50) | (3,173.00) | (3,949.90) |
EV/EBIT |
13.86 | 16.22 | 10.84 | 10.63 | 13.92 | 12.41 | 14.30 | 13.90 | 15.07 | 31.30 |
Capex to Sales |
0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
Price to Operating Income |
11.43 | 14.43 | 6.81 | 6.14 | 7.75 | 7.65 | 8.02 | 7.68 | 8.63 | 20.26 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.18 | 0.96 | 1.31 | 1.80 | 2.01 | 0.71 | 0.98 | 0.91 | 0.74 | 3.14 |
Cash ROIC |
14.79% | 16.76% | 13.50% | 11.93% | 10.93% | 12.80% | 10.57% | 10.88% | 11.80% | 12.98% |
Accounts Receivable Turnover |
4.00 | 4.53 | 5.21 | 5.48 | 4.83 | 5.74 | 6.34 | 6.01 | 5.25 | 4.58 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Turnover |
— | — | — | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Days of Inventory on Hand |
— | — | — | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Average Receivables |
548.40 | 508.65 | 456.10 | 408.85 | 419.35 | 420.40 | 367.60 | 342.20 | 389.05 | 452.95 |
Average Payables |
729.35 | 768.25 | 776.90 | 690.60 | 673.50 | 750.75 | 783.70 | 703.40 | 633.80 | 723.00 |
Average Inventory |
— | — | — | 79.90 | 67.15 | 76.70 | 397.70 | — | — | — |
Average Assets |
8,259.25 | 8,725.60 | 8,460.60 | 7,936.30 | 7,771.20 | 8,382.65 | 8,878.70 | 8,970.30 | 8,945.25 | 9,019.15 |
Average Common Equity |
4,097.80 | 4,502.50 | 4,356.70 | 3,817.00 | 3,408.20 | 3,513.95 | 3,943.10 | 4,372.85 | 4,434.15 | 4,236.75 |
Columns are period end dates