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

T. Rowe Price Group, Inc. (TROW) Return on invested capital

Alert me on Return on invested capital

T. Rowe Price Group, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 19.8%, up 1.9 percentage points from fiscal 2025 (17.9%). Over the past ten years it has ranged from 16.3% (fiscal 2023) to 33.6% (fiscal 2017); the current reading is higher than 18% of that period. That is above the Asset Management industry median of 2.12% and above the Financial sector median of 4.70%.

Return on invested capital, annual

Embed this chart

Annual newest first

Period Return on invested capital Change (points)
FY2025 17.9% (0.65)
FY2024 18.6% 2.29
FY2023 16.3% (4.12)
FY2022 20.4% (9.54)
FY2021 29.9% (0.96)
FY2020 30.9% 2.85
FY2019 28.0% (3.37)
FY2018 31.4% (2.20)
FY2017 33.6% 5.13
FY2016 28.5% (4.58)

Against its own ten years

Low 16.3% High 33.6%
Ten-year median 28.5%
Current reading's percentile 18

Return on invested capital against peers

Company Return on invested capital
TROW T. Rowe Price Group, Inc. 19.8%
CRBG Corebridge Financial, Inc. compare 13.4%
PFG Principal Financial Group, Inc. compare 12.9%
TPG TPG Inc. compare 7.44%
OWL Blue Owl Capital Inc. compare 4.07%
BEN Franklin Resources Inc compare 2.27%
NTRS Northern Trust Corporation compare 0.00%
RJF Raymond James Financial, Inc. compare 0.00%
PS Pershing Square Inc. compare −2.43%
Asset Management industry median 2.12%
Financial sector median 4.70%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

More on TROW