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 '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
ROE
16.91% 11.54% 15.39% 29.06% 16.10% 5.93% 0.41% 5.59% 15.31% 11.54%
ROA
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

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