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 '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
11.33 | 11.22 | 7.77 | 5.31 | 12.04 | 22.91 | 206.68 | 21.95 | 16.45 | 16.76 |
Piotroski F-Score |
6 | 5 | 6 | 5 | 7 | 6 | 6 | 5 | 6 | 5 |
P/S ratio |
3.96 | 2.82 | 2.56 | 2.65 | 2.83 | 2.33 | 1.91 | 2.20 | 4.93 | 3.60 |
P/FCF ratio |
8.50 | 6.19 | 6.10 | 5.93 | 5.46 | 4.73 | 4.65 | 4.66 | 9.87 | 7.67 |
P/Operating CF |
32.04 | 27.06 | 20.63 | 24.02 | 18.86 | 12.36 | 13.69 | 19.75 | 30.74 | 21.60 |
P/B ratio |
1.97 | 1.34 | 1.15 | 1.48 | 1.84 | 1.43 | 1.22 | 1.26 | 2.48 | 1.79 |
Price to Tangible BV |
1,711.66 | 371.03 | 22.47 | 0.00 | 0.00 | 0.00 | 0.00 | 27.26 | 24.38 | 26.25 |
EV/Sales |
6.12 | 4.92 | 4.63 | 4.73 | 4.59 | 4.19 | 3.31 | 3.50 | 5.55 | 4.37 |
EV/EBITDA |
22.03 | 14.17 | 12.76 | 13.15 | 11.72 | 11.03 | 8.59 | 9.20 | 14.29 | 11.67 |
EV/Operating CF |
13.04 | 10.77 | 10.89 | 10.45 | 8.79 | 8.41 | 7.97 | 7.29 | 10.92 | 9.12 |
EV/FCF |
13.12 | 10.81 | 11.05 | 10.56 | 8.85 | 8.48 | 8.06 | 7.41 | 11.10 | 9.30 |
Quick Ratio |
1.34 | 2.13 | 1.88 | 0.22 | 0.40 | 0.48 | 0.39 | 0.38 | 0.59 | 0.59 |
Current Ratio |
1.34 | 2.13 | 1.88 | 0.22 | 0.40 | 0.48 | 0.39 | 0.38 | 0.59 | 0.59 |
Net Debt/EBITDA |
3.65 | 2.36 | 2.31 | 5.77 | 4.49 | 4.89 | 3.63 | 3.37 | 1.58 | 2.05 |
Debt/Assets |
29.23% | 29.67% | 28.01% | 59.29% | 58.06% | 60.85% | 47.92% | 43.89% | 21.31% | 24.11% |
Debt/Equity |
0.64 | 0.61 | 0.56 | 1.26 | 1.39 | 1.45 | 1.05 | 0.87 | 0.41 | 0.48 |
Asset Turnover |
0.23 | 0.23 | 0.23 | 0.26 | 0.29 | 0.26 | 0.28 | 0.28 | 0.26 | 0.27 |
Operating CF/Net income |
1.36 | 1.82 | 1.30 | 0.92 | 2.23 | 4.99 | 59.18 | 4.68 | 1.70 | 2.22 |
Capex/Depreciation |
(0.04) | (0.08) | (0.20) | (0.17) | (0.16) | (0.05) | (0.06) | (0.14) | (0.17) | (0.16) |
Interest Coverage |
2.97 | 5.00 | 5.53 | 6.74 | 8.01 | 6.61 | 9.15 | 9.52 | 8.98 | 7.54 |
| 16.91% | 11.54% | 15.39% | 29.06% | 16.10% | 5.93% | 0.41% | 5.59% | 15.31% | 11.54% | |
| 7.95% | 5.72% | 7.50% | 12.91% | 6.75% | 2.60% | 0.20% | 2.88% | 7.90% | 5.72% | |
ROIC |
4.04% | 6.98% | 6.80% | 5.34% | 7.01% | 5.39% | 6.57% | 6.68% | 8.22% | 7.07% |
Return on Tangible Assets |
217.35% | 65.74% | 108.39% | (45.84%) | (30.12%) | (13.63%) | (1.14%) | (16.18%) | (124.44%) | (85.76%) |
Average Days of Receivables |
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 |
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 |
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 |
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 |
9.78% | 5.47% | 5.45% | 4.88% | 5.25% | 5.88% | 4.04% | 4.25% | 3.92% | 3.66% |
Graham Net Nets |
(0.48) | (0.55) | (0.63) | (0.64) | (0.56) | (0.66) | (0.75) | (0.60) | (0.28) | (0.43) |
Graham Number |
289.58 | 226.38 | 237.66 | 271.52 | 165.77 | 84.42 | 25.28 | 87.79 | 150.67 | 126.44 |
Earnings Yield |
8.82% | 8.91% | 12.87% | 18.82% | 8.30% | 4.37% | 0.48% | 4.56% | 6.08% | 5.97% |
Free Cash Flow Yield |
11.77% | 16.15% | 16.39% | 16.88% | 18.32% | 21.16% | 21.49% | 21.48% | 10.13% | 13.04% |
Revenue per Share |
72.79 | 65.62 | 58.63 | 60.51 | 58.13 | 43.60 | 44.35 | 44.37 | 41.16 | 40.49 |
Operating CF per Share |
34.15 | 29.97 | 24.91 | 27.39 | 30.34 | 21.71 | 18.40 | 21.28 | 20.90 | 19.38 |
Capex per Share |
(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 |
33.93 | 29.86 | 24.56 | 27.10 | 30.14 | 21.52 | 18.21 | 20.93 | 20.57 | 19.01 |
Cash per Share |
20.56 | 30.55 | 23.18 | 11.15 | 21.89 | 22.36 | 10.69 | 10.55 | 7.85 | 7.95 |
Shareholders Equity per Share |
146.50 | 138.21 | 130.20 | 108.46 | 89.41 | 71.34 | 69.29 | 77.14 | 81.76 | 81.67 |
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 |
146.50 | 138.21 | 130.20 | 108.46 | 89.41 | 71.34 | 69.29 | 77.14 | 81.76 | 81.67 |
Free Cash Flow |
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 |
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 |
(6.10) | (3.40) | (12.40) | (11.40) | (8.40) | (8.50) | (9.60) | (18.70) | (18.50) | (20.20) |
Net Current Asset Value |
(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 |
31.30 | 15.07 | 13.90 | 14.30 | 12.41 | 13.92 | 10.63 | 10.84 | 16.22 | 13.86 |
Capex to Sales |
0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
Price to Operating Income |
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 |
3.14 | 0.74 | 0.91 | 0.98 | 0.71 | 2.01 | 1.80 | 1.31 | 0.96 | 1.18 |
Cash ROIC |
12.98% | 11.80% | 10.88% | 10.57% | 12.80% | 10.93% | 11.93% | 13.50% | 16.76% | 14.79% |
Accounts Receivable Turnover |
4.58 | 5.25 | 6.01 | 6.34 | 5.74 | 4.83 | 5.48 | 5.21 | 4.53 | 4.00 |
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 |
452.95 | 389.05 | 342.20 | 367.60 | 420.40 | 419.35 | 408.85 | 456.10 | 508.65 | 548.40 |
Average Payables |
723.00 | 633.80 | 703.40 | 783.70 | 750.75 | 673.50 | 690.60 | 776.90 | 768.25 | 729.35 |
Average Inventory |
— | — | — | 397.70 | 76.70 | 67.15 | 79.90 | — | — | — |
Average Assets |
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 |
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 |
Columns are period end dates