Acadian Asset Management Inc. (AAMI)

Acadian Asset Management Inc. is a publicly owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries. The firm was founded in 1980 is based Boston, Massachusetts. It was formally known as BrightSphere Investment Group plc. Acadian Asset Management Inc. was formed in 1980 and is based in Boston, Massachusetts.

Ticker: AAMI
Exchange: NYSE
Sector: Financial Services
Industry: Asset Management
Market cap: $3.23B
52-week range: $41.47 - $98.52

Valuation

Share price: $90.96 (close of Nov 6, 2026)
P/E (TTM): 26.60x
Price to book: 16.10x
Price to free cash flow: 68.54x
Enterprise value: $3.11B
Book value per share: $5.65

Price performance

Period	Change
1 day	-0.90%
5 days	+2.29%
1 month	-2.71%
3 months	-0.66%
6 months	+33.98%
Year to date	+93.53%
1 year	+108.24%
3 years	+448.61%
5 years	+200.30%
10 years	+645.57%
All time	+552.04%

Short interest

As of: Oct 15, 2026
Short % of float: 7.74%
Shares short: 1.80M
Days to cover: 4.26
Change since prior report: +6.41%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 95.24%
Return on assets: 11.82%
Net margin: 14.19%
Revenue growth: 11.49%
Net income growth: -5.88%
Free cash flow growth: -104.30%

Cash flow and balance sheet

Free cash flow yield (TTM): 1.46%
Net debt to EBITDA: -0.57x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $563.70M
Net income: $80.00M
Earnings per share: $2.21
Interest expense: $21.70M
Shares outstanding: 36.19M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$563.70M	$80.00M	$2.21
2024-12-31	$505.60M	$85.00M	$2.25
2023-12-31	$426.60M	$65.80M	$1.59
2022-12-31	$417.20M	$100.60M	$2.39
2021-12-31	$523.80M	$828.40M	$10.73
2020-12-31	$697.90M	$286.70M	$3.53
2019-12-31	$594.60M	$223.90M	$2.45
2018-12-31	$928.20M	$136.40M	$1.27
2017-12-31	$887.40M	$4.20M	$0.04
2016-12-31	$663.50M	$126.40M	$1.06

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	14.19%	95.24%
2024-12-31	16.81%	97.59%
2023-12-31	15.42%	163.68%
2022-12-31	24.11%	-
2021-12-31	158.15%	-
2020-12-31	41.08%	74.58%
2019-12-31	37.66%	195.55%
2018-12-31	14.70%	101.64%
2017-12-31	0.47%	3.30%
2016-12-31	19.05%	-

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$124.40M	$200.00M
2024-12-31	$98.50M	$275.00M
2023-12-31	$147.60M	$275.00M
2022-12-31	$121.20M	$275.00M
2021-12-31	$252.10M	$400.00M
2020-12-31	$372.90M	$400.00M
2019-12-31	$82.10M	$568.80M
2018-12-31	$283.00M	$393.30M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$2.40M	-$47.70M
2024-12-31	$55.80M	-$23.20M
2023-12-31	$68.30M	$100.00K
2022-12-31	$116.80M	-
2021-12-31	-$11.50M	-
2020-12-31	$90.50M	-
2019-12-31	-$138.50M	-
2018-12-31	$195.10M	-
2017-12-31	$139.70M	-

Dividend history

Most recent payment: Sep 11, 2026
Paid in the last twelve months: $0.31

Payment date	Dividend per share
2026-09-11	$0.10
2026-06-12	$0.10
2026-03-13	$0.10
2025-12-12	$0.01
2025-09-12	$0.01
2025-06-13	$0.01
2025-03-14	$0.01
2024-12-13	$0.01

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-29	Sep 2026	$1.22
2026-07-30	Jun 2026	$1.03
2026-04-30	Mar 2026	$0.94
2026-02-05	Dec 2025	$1.38
2025-10-30	Sep 2025	$0.73
2025-07-31	Jun 2025	$0.52
2025-05-01	Mar 2025	$0.54
2025-02-06	Dec 2024	$1.03

Filings and sources

Company website: acadian-inc.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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