Friday 6 November 2026 Export AMG’s income statement to Excel — free account

Affiliated Managers Group, Inc.

Affiliated Managers Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 1.64% from fiscal 2024.

Revenue: +29.9%
EPS: +138.2%
Free cash flow: +4.18%
Total debt: +14.6%

Quarter to June 2026, against a year earlier

356.70 6.16 +1.76%

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Market cap: $9.1B
P/E: 11.3×
Fwd P/E: 13.7×
Dividend yield: 0.01%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

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

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