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.

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

Quarter to June 2026, against a year earlier

356.89 6.35 +1.81%
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

Affiliated Managers Group, Inc. (AMG) Free cash flow margin

Alert me on Free cash flow margin

Affiliated Managers Group, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 46.9%, up 0.3 percentage points from fiscal 2025 (46.6%). Over the past ten years it has ranged from 41.1% (fiscal 2019) to 51.9% (fiscal 2021); the current reading is higher than 45% of that period. That is above the Asset Management industry median of 5.96% and above the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 46.6% 1.12
FY2024 45.5% 3.62
FY2023 41.9% (2.90)
FY2022 44.8% (7.07)
FY2021 51.9% 2.49
FY2020 49.4% 8.30
FY2019 41.1% (6.11)
FY2018 47.2% (2.80)
FY2017 50.0% 3.03
FY2016 46.9% (0.35)

Against its own ten years

Low 41.1% High 51.9%
Ten-year median 46.9%
Current reading's percentile 45

Free cash flow margin against peers

Company Free cash flow margin
BXSL Blackstone Secured Lending Fund compare 80.4%
AMG Affiliated Managers Group, Inc. 46.9%
VCTR Victory Capital Holdings, Inc. compare 39.0%
ARCC Ares Capital Corporation compare 37.1%
SEIC SEI Investments Company compare 25.3%
IVZ Invesco Ltd. compare 24.9%
EQH Equitable Holdings, Inc. compare 20.1%
STEP StepStone Group Inc. compare −21.9%
CG Carlyle Group Inc. compare −114.2%
Asset Management industry median 5.96%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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