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Friday 6 November 2026 Export TROW’s income statement to Excel — free account

T. Rowe Price Group, Inc.

TROW Financial Asset Management

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

108.87 3.70 −3.29%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

T. Rowe Price Group, Inc. (TROW) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, T. Rowe Price Group, Inc. (TROW) trades at a price to free cash flow of 14.5×. Over the past ten years it has ranged from 7.3× (June 2022) to 851× (January 2017); the current reading is higher than 22% of that period. That is above the Asset Management industry median of 7.8× and above the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 15.2× (23.72%)
FY2024 20.0× (24.78%)
FY2023 26.5× 128.28%
FY2022 11.6× (16.17%)
FY2021 13.9× (31.76%)
FY2020 20.3× (6.60%)
FY2019 21.8× 41.24%
FY2018 15.4× (97.31%)
FY2017 573× (31.69%)
FY2016 839× 6,255.09%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 13.9× (4.48%)
Jun 2026 14.5× 25.34%
Mar 2026 11.6× (23.84%)
Dec 2025 15.2× (20.91%)
43 more quarters

Against its own ten years

Low 7.3× High 851×
Ten-year median 18.8×
Current reading's percentile 22

Price to free cash flow against peers

Company Price to free cash flow
PS Pershing Square Inc. compare n/m
PFG Principal Financial Group, Inc. compare n/m
OWL Blue Owl Capital Inc. compare 4.6×
CRBG Corebridge Financial, Inc. compare 6.3×
TPG TPG Inc. compare 12.6×
TROW T. Rowe Price Group, Inc. 14.5×
RJF Raymond James Financial, Inc. compare 22.0×
NTRS Northern Trust Corporation compare 28.6×
BEN Franklin Resources Inc compare 72.1×
Asset Management industry median 7.8×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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