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T. Rowe Price Group, Inc.

T. Rowe Price Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.3 billion, up 3.12% from fiscal 2024.

Revenue: +5.88%
EPS: −3.12%
Free cash flow: −13.8%

Quarter to September 2026, against a year earlier

108.12 0.59 −0.54%

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Market cap: $23.2B
P/E: 11.0×
Fwd P/E: 9.8×
Dividend yield: 4.75%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	15.87	16.98	12.49	13.81	14.96	14.84	16.22	13.85	12.32	11.06
Piotroski F-Score Full definition →	4	6	5	6	5	7	6	7	7	5
P/S ratio Full definition →	4.35	5.12	4.16	5.11	5.58	5.81	3.80	3.74	3.55	3.08
P/FCF ratio Full definition →	838.68	572.88	15.41	21.76	20.32	13.87	11.63	26.54	19.96	15.23
P/Operating CF Full definition →	(190.57)	(201.65)	167.49	1,303.69	17,319.02	123.33	(182.45)	(153.64)	(89.38)	(1,204.47)
P/B ratio Full definition →	3.72	4.27	3.65	4.04	4.49	4.81	2.73	2.49	2.40	2.04
Price to Tangible BV Full definition →	4.29	4.82	4.10	4.46	4.92	7.87	4.28	3.69	3.36	2.78
EV/Sales Full definition →	4.06	4.73	3.90	4.79	5.23	5.61	3.53	3.42	3.18	2.62
EV/EBITDA Full definition →	9.33	10.19	8.30	10.44	11.07	10.99	7.59	8.96	7.95	6.85
EV/Operating CF Full definition →	102.13	100.04	12.92	17.67	16.93	12.47	9.71	18.14	13.38	10.92
EV/FCF Full definition →	784.41	529.04	14.42	20.41	19.06	13.39	10.80	24.27	17.86	12.94
Quick Ratio Full definition →	5.31	6.28	4.86	6.78	7.42	3.37	3.68	3.94	5.34	6.70
Current Ratio Full definition →	5.31	6.28	4.86	6.78	7.42	3.37	3.68	3.94	5.34	6.70
Net Debt/EBITDA Full definition →	(0.65)	(0.84)	(0.57)	(0.69)	(0.73)	(0.39)	(0.58)	(0.84)	(0.93)	(1.21)
Debt/Assets Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Asset Turnover Full definition →	0.76	0.71	0.71	0.66	0.62	0.66	0.54	0.54	0.55	0.53
Operating CF/Net income Full definition →	0.14	0.16	0.88	0.73	0.83	1.15	1.55	0.70	0.82	0.86
Capex/Depreciation Full definition →	(1.11)	(1.30)	(1.06)	(1.07)	(1.13)	(1.17)	(0.37)	(0.64)	(0.84)	(0.45)
ROE Full definition →	24.35%	27.03%	30.76%	31.39%	31.16%	35.37%	16.63%	18.63%	20.24%	18.92%
ROA Full definition →	20.99%	21.28%	24.14%	24.40%	23.09%	25.92%	12.60%	14.58%	15.88%	14.64%
ROIC Full definition →	28.48%	33.61%	31.41%	28.04%	30.89%	29.93%	20.39%	16.27%	18.56%	17.91%
Return on Tangible Assets Full definition →	60.61%	53.68%	82.40%	75.64%	69.84%	117.65%	59.00%	59.10%	53.18%	45.14%
Average Days of Receivables Full definition →	38.77	42.50	37.34	42.01	50.76	50.35	42.12	45.64	45.15	46.47
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 →	54.74%	54.59%	53.41%	54.78%	53.26%	48.56%	56.91%	63.95%	60.89%	61.85%
Intangible Assets out of Total Assets Full definition →	0.11	0.09	0.09	0.07	0.06	0.29	0.28	0.26	0.22	0.20
Share Based Compensation of Revenue Full definition →	3.77%	3.13%	3.67%	3.68%	3.97%	3.58%	4.40%	4.11%	3.49%	2.97%
Graham Net Nets Full definition →	0.02	0.03	0.02	0.01	0.00	(0.01)	0.00	0.01	0.02	0.04
Graham Number Full definition →	46.84	57.43	64.84	77.38	87.58	110.44	77.78	87.09	98.69	102.15
Earnings Yield Full definition →	6.30%	5.89%	8.00%	7.24%	6.68%	6.74%	6.17%	7.22%	8.12%	9.04%
Free Cash Flow Yield Full definition →	0.12%	0.17%	6.49%	4.60%	4.92%	7.21%	8.60%	3.77%	5.01%	6.57%
Revenue per Share Full definition →	17.45	20.13	22.18	23.87	27.13	33.86	28.71	28.83	31.84	33.25
Operating CF per Share Full definition →	0.69	0.95	6.69	6.47	8.39	15.23	10.44	5.44	7.57	7.97
Capex per Share Full definition →	(0.60)	(0.77)	(0.70)	(0.87)	(0.94)	(1.06)	(1.05)	(1.37)	(1.90)	(1.25)
Free Cash Flow per Share Full definition →	0.09	0.18	5.99	5.60	7.45	14.18	9.39	4.07	5.67	6.72
Cash per Share Full definition →	4.91	7.89	5.88	7.57	9.40	6.72	7.77	9.22	11.89	15.36
Shareholders Equity per Share Full definition →	20.40	24.15	25.29	30.17	33.68	40.92	39.96	43.27	47.15	50.08
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 →	20.40	24.15	25.29	30.17	33.68	40.92	39.96	43.27	47.15	50.08
Free Cash Flow Full definition →	22.20	43.40	1,451.40	1,318.10	1,704.30	3,212.90	2,121.80	911.20	1,262.20	1,479.20
Working Capital Full definition →	1,347.30	2,075.00	1,568.80	2,070.00	2,608.50	1,815.70	1,823.60	2,144.60	2,866.80	3,666.10
Capital Expenditures Full definition →	(148.30)	(186.10)	(168.50)	(204.60)	(214.60)	(239.10)	(237.60)	(307.90)	(423.40)	(274.20)
Net Current Asset Value Full definition →	443.60	757.00	409.80	200.10	62.80	(656.20)	(108.80)	292.80	561.30	984.80
EV/EBIT Full definition →	10.05	10.89	8.87	11.27	11.83	11.60	9.65	11.13	9.66	8.75
Capex to Sales Full definition →	0.03	0.04	0.03	0.04	0.03	0.03	0.04	0.05	0.06	0.04
Price to Operating Income Full definition →	10.74	11.79	9.47	12.02	12.62	12.01	10.39	12.18	10.80	10.29
Other line items
Depreciation/Fixed assets Full definition →	0.22	0.22	0.24	0.28	0.27	0.28	0.85	0.60	0.52	0.72
Cash ROIC Full definition →	0.36%	0.56%	19.23%	14.84%	17.29%	29.76%	19.67%	7.75%	9.59%	10.28%
Accounts Receivable Turnover Full definition →	9.51	9.52	9.64	9.39	8.22	7.99	7.18	8.30	8.42	8.09
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
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
Average Receivables Full definition →	450.55	510.20	557.45	598.10	754.85	960.70	903.50	778.30	842.65	904.30
Average Payables Full definition →	175.70	198.50	222.35	221.50	201.10	309.35	418.85	414.80	388.20	353.10
Average Assets Full definition →	5,665.95	6,880.20	7,612.35	8,509.85	9,994.70	11,584.00	12,076.15	11,961.05	12,875.40	13,906.90
Average Common Equity Full definition →	4,885.30	5,416.50	5,974.35	6,613.20	7,404.55	8,489.20	9,150.80	9,363.65	10,101.60	10,761.65

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

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