AFFILIATED MANAGERS GROUP, INC.
AMG· NYSE, NYSE, NYSE, NYSE, NYSE· Investment Advice
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 46.6%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +0.5%
We record prices for the companies we cover; AMG is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 33.0M
- Revenue
- $2.1B
- Free cash flow
- $967.1M
- Owner earnings
- $907.9M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 34.5%
- Free cash flow
- 46.6%
- Owner earnings
- 43.8%
- Stock pay
- 2.9%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 22.1%
- ROE, 5 yr avg
- 22.4%
Growth (CAGR)
- Revenue, 3 yr
- -3.8%
- Revenue, 5 yr
- 0.5%
- Revenue, 9 yr
- -0.6%
- Diluted EPS, 3 yr
- -3.6%
- Diluted EPS, 5 yr
- 39.3%
- Diluted EPS, 9 yr
- 11.5%
- Free cash flow, 3 yr
- -2.5%
- Free cash flow, 5 yr
- -0.7%
- Free cash flow, 9 yr
- -0.7%
Financial health · FY2025
- Cash and investments
- $586.0M
- Total debt
- $2.7B
- Net debt
- $2.1B
- Debt/Equity
- 0.8x
- Debt/FCF
- 2.8x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 0.1%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -6.7%
Financials: ten years from the 10-Ks
Revenue
$2.1B
-0.6% a year over 9 years
FY2016FY2025
Margins
Operating–Net34.5%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$967.1MOwner earnings$907.9M
Free cash flow -0.7% a year
FY2016FY2025
Diluted shares
33.0M
-42.1% over 9 years, net buybacks
FY2016FY2025
Return on invested capital
–
FY2025
FY2016FY2025
Net debt (below zero)
-$2.1B
$2.1B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $2.2B | $2.3B | $2.4B | $2.2B | $2.0B | $2.4B | $2.3B | $2.1B | $2.0B | $2.1B |
| Revenue growth | – | 5.0% | 3.2% | -5.8% | -9.5% | 19.0% | -3.4% | -11.7% | -0.8% | 1.6% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 47.1% | 48.1% | – | – | – | – | – | – | – | – |
| Net income | $472.8M | $689.5M | $243.6M | $15.7M | $202.2M | $565.7M | $1.1B | $672.9M | $511.6M | $716.6M |
| Net margin | 21.5% | 29.9% | 10.2% | 0.7% | 10.0% | 23.4% | 49.2% | 32.7% | 25.1% | 34.5% |
| Diluted EPS | $8.57 | $12.03 | $4.52 | $0.31 | $4.33 | $13.05 | $25.35 | $17.42 | $15.13 | $22.74 |
| Return on invested capital? | 19.3% | 25.0% | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $1.1B | $1.2B | $1.1B | $929.1M | $1.0B | $1.3B | $1.1B | $874.3M | $932.1M | $973.2M |
| Capital expenditure | $20.2M | $18.5M | $18.7M | $9.6M | $8.5M | $8.4M | $11.4M | $12.4M | $3.4M | $6.1M |
| Free cash flow | $1.0B | $1.2B | $1.1B | $919.5M | $1.0B | $1.3B | $1.0B | $861.9M | $928.7M | $967.1M |
| Stock-based compensation | $39.2M | $40.4M | $44.7M | $90.4M | $119.2M | $126.7M | $113.8M | $112.1M | $111.6M | $59.2M |
| Owner earnings? | $990.9M | $1.1B | $1.1B | $829.1M | $881.6M | $1.1B | $929.5M | $749.8M | $817.1M | $907.9M |
| Free cash flow per share | $18.07 | $19.66 | $20.85 | $18.17 | $21.43 | $27.92 | $21.29 | $20.42 | $25.73 | $29.31 |
| Capital allocation | ||||||||||
| Dividends paid | $0 | $44.9M | $64.4M | $65.3M | $16.8M | $1.7M | $1.6M | $1.5M | $1.4M | $1.0M |
| Share repurchases | $33.4M | $351.3M | $496.1M | $356.1M | $335.1M | $595.3M | $713.8M | $341.9M | $709.8M | $706.3M |
| Diluted shares | 57.0M | 58.6M | 53.8M | 50.6M | 46.7M | 44.8M | 49.0M | 42.2M | 36.1M | 33.0M |
| Share count change? | -0.3% | 2.8% | -8.2% | -5.9% | -7.7% | -4.1% | 9.4% | -13.9% | -14.5% | -8.6% |
| Balance sheet | ||||||||||
| Cash and equivalents | $430.8M | $439.5M | $565.5M | $539.6M | $1.0B | $908.5M | $429.2M | $813.6M | $950.0M | $586.0M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $868.6M | $809.0M | $1.8B | $1.8B | $2.3B | $2.5B | $2.5B | $2.5B | $2.6B | $2.7B |
| Net debt | $437.8M | $369.5M | $1.3B | $1.3B | $1.3B | $1.6B | $2.1B | $1.7B | $1.7B | $2.1B |
| Shareholders' equity | $3.6B | $3.8B | $3.5B | $2.9B | $2.8B | $2.8B | $3.2B | $3.6B | $3.3B | $3.2B |
Latest filings
| 2026-08-07 | 10-Q | Quarterly report |
| 2026-07-30 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-05-01 | 8-K | Earnings release |
| 2026-04-17 | DEF 14A | Proxy statement |
| 2026-02-17 | 10-K | Annual report |
| 2026-02-12 | 8-K | Earnings release |
| 2025-11-06 | 10-Q | Quarterly report |
| 2025-11-03 | 8-K | Earnings release |
| 2025-08-07 | 10-Q | Quarterly report |
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