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%
Market cap
$9.9B
P/E
12.3×
Fwd P/E
14.3×
Dividend yield
0.01%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
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
ROE
11.54% 15.31% 5.59% 0.41% 5.93% 16.10% 29.06% 15.39% 11.54% 16.91%
ROA
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

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Columns are period end dates