Saturday 17 October 2026 Export TROW’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 10.7%, EPS grew 28.6% and free cash flow fell 3.59%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.

100.88 0.49 −0.48%

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Market cap: $21.6B
P/E: 10.1×
Fwd P/E: 11.9×
Dividend yield: 5.12%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

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

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