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.
- Symbol
- AMG
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Asset Management
- Market cap
- $9.67B
- 52 week range
- 230.1 - 392.92
Valuation
- Share price
- $366.17 (close of 2026-09-23)
- P/E (TTM)
- 11.85x
- Price to book
- 2.46x
- Price to free cash flow
- 9.08x
- Enterprise value
- $12.26B
- Book value per share
- $149.00
Price performance
| Period | Change |
|---|
| 1 day | +0.41% |
| 5 days | +5.24% |
| 1 month | +2.80% |
| 3 months | +4.55% |
| 6 months | +33.02% |
| Year to date | +27.02% |
| 1 year | +51.40% |
| 3 years | +176.56% |
| 5 years | +135.37% |
| 10 years | +153.53% |
| All time | +1972.27% |
Profitability and growth
- Return on equity
- 17.16%
- Return on assets
- 7.78%
- Net margin
- 34.54%
- EBITDA margin
- 54.73%
- 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)
- 11.02%
- Net debt to EBITDA
- 1.55x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $2.07B
- EBITDA
- $1.14B
- Net income
- $716.60M
- Earnings per share
- $25.18
- Interest expense
- $136.50M
- Shares outstanding
- 28.50M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 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 | $1.48B | $689.50M | $12.30 |
| 2016-12-31 | $2.19B | $1.43B | $472.80M | $8.73 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | - | 34.54% | 17.16% | - |
| 2024-12-31 | - | 25.07% | 11.90% | - |
| 2023-12-31 | - | 32.70% | 14.72% | - |
| 2022-12-31 | - | 49.19% | 27.44% | - |
| 2021-12-31 | - | 23.45% | 15.25% | - |
| 2020-12-31 | - | 9.97% | 6.10% | - |
| 2019-12-31 | - | 0.70% | 0.45% | - |
| 2018-12-31 | - | 10.24% | 5.89% | - |
| 2017-12-31 | 64.25% | 29.91% | 15.06% | 21.21% |
| 2016-12-31 | 65.26% | 21.54% | 10.68% | 16.42% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 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 end | Free cash flow | Stock-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
- 2026-08-10
- Paid in the last twelve months
- $0.04
| Payment date | Dividend 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
- 2026-11-02
- Consensus EPS estimate
- $8.58
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-30 | Jun/2026 | $7.85 |
| 2026-05-01 | - | - |
| 2025-11-03 | - | - |
| 2025-07-31 | - | - |
| 2025-07-28 | - | - |
| 2025-05-08 | - | - |
| 2025-05-05 | - | - |
| 2025-02-06 | - | - |
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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