Affiliated Managers Group, Inc. (AMG)

Affiliated Managers Group, Inc., through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds. These funds are distributed to retail, high net worth and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments. The company also offers investment products in various investment styles in the institutional distribution channel, including small, small/mid, mid, and large capitalization value and growth equity, and emerging markets. In addition, it offers quantitative, alternative, and fixed income products, and manages assets for foundations and endowments, defined benefit, and defined contribution plans for corporations and municipalities. Affiliated Managers Group provides investment management or customized investment counseling and fiduciary services. Affiliated Managers Group, Inc. was formed in 1993 and is based in West Palm Beach, Florida with additional offices in Prides Crossing, Massachusetts; Stamford, Connecticut; London, United Kingdom; Dubai, United Arab Emirates; Sydney, Australia; Hong Kong; Tokyo, Japan, Zurich, Switzerland and Delaware.

Ticker
AMG
Exchange
NYSE
Sector
Financial Services
Industry
Asset Management
Market cap
$9.58B
52-week range
$246.11 - $400.13

Valuation

Share price
$362.96 (close of Nov 6, 2026)
P/E (TTM)
11.74x
Price to book
2.44x
Price to free cash flow
9.00x
Enterprise value
$12.18B
Book value per share
$149.00

Price performance

PeriodChange
1 day+3.54%
5 days-4.88%
1 month-4.41%
3 months-2.48%
6 months+18.61%
Year to date+25.91%
1 year+40.25%
3 years+178.11%
5 years+95.10%
10 years+174.37%
All time+1,954.49%

Short interest

As of
Oct 15, 2026
Short % of float
4.92%
Shares short
945.38K
Days to cover
3.30
Change since prior report
-6.32%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
17.16%
Return on assets
7.78%
Net margin
34.54%
Revenue growth
1.64%
Net income growth
40.07%
Free cash flow growth
4.13%

Cash flow and balance sheet

Free cash flow yield (TTM)
11.11%
Net debt to EBITDA
1.55x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$2.07B
Net income
$716.60M
Earnings per share
$25.18
Interest expense
$136.50M
Shares outstanding
28.50M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$2.07B$716.60M$25.18
2024-12-31$2.04B$511.60M$16.45
2023-12-31$2.06B$672.90M$19.18
2022-12-31$2.33B$1.15B$29.77
2021-12-31$2.41B$565.70M$13.65
2020-12-31$2.03B$202.20M$4.34
2019-12-31$2.24B$15.70M$0.31
2018-12-31$2.38B$243.60M$4.55
2017-12-31$2.31B$689.50M$12.30
2016-12-31$2.19B$472.80M$8.73

Margins and returns by year

Period endNet marginReturn on equity
2025-12-3134.54%17.16%
2024-12-3125.07%11.90%
2023-12-3132.70%14.72%
2022-12-3149.19%27.44%
2021-12-3123.45%15.25%
2020-12-319.97%6.10%
2019-12-310.70%0.45%
2018-12-3110.24%5.89%
2017-12-3129.91%15.06%
2016-12-3121.54%10.68%

Cash and debt by year

Period endCashDebt
2025-12-31$586.00M$2.69B
2024-12-31$950.00M$2.62B
2023-12-31$813.60M$2.54B
2022-12-31$429.20M$2.54B
2021-12-31$908.50M$2.49B
2020-12-31$1.04B$2.31B
2019-12-31$539.60M$1.79B
2018-12-31$565.50M$1.83B
2017-12-31$439.50M$809.00M
2016-12-31$430.80M$868.60M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$967.10M$59.20M
2024-12-31$928.70M$111.60M
2023-12-31$861.90M$112.10M
2022-12-31$1.04B$113.80M
2021-12-31$1.25B$126.70M
2020-12-31$1.00B$119.20M
2019-12-31$919.50M$90.40M
2018-12-31$1.12B$44.70M
2017-12-31$1.15B$40.40M
2016-12-31$1.03B$39.20M

Dividend history

Most recent payment
Aug 10, 2026
Paid in the last twelve months
$0.04
Payment dateDividend per share
2026-08-10$0.01
2026-05-11$0.01
2026-02-23$0.01
2025-11-13$0.01
2025-08-11$0.01
2025-05-19$0.01
2025-02-18$0.01
2024-11-14$0.01

Investor relations

Next earnings report

Next confirmed report
Nov 9, 2026
Consensus EPS estimate
$8.70

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun 2026$7.85
2026-05-01Mar 2026$8.10
2025-11-03Sep 2025$5.83
2025-07-31Jun 2025$5.26
2025-05-08Mar 2025$5.10
2025-02-06Dec 2024$6.02
2024-11-04Sep 2024$4.82
2024-07-29Jun 2024$4.60

Filings and sources

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

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