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Affiliated Managers Group (AMG) Financials

Affiliated Managers Group logo
$204.92 -2.04 (-0.99%)
Closing price 07/11/2025 03:58 PM Eastern
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$204.96 +0.04 (+0.02%)
As of 07/11/2025 04:10 PM Eastern
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Annual Income Statements for Affiliated Managers Group

Annual Income Statements for Affiliated Managers Group

This table shows Affiliated Managers Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 510 473 690 244 16 202 566 1,146 673 512
Consolidated Net Income / (Loss)		 827 739 1,009 532 305 427 890 1,388 906 741
Net Income / (Loss) Continuing Operations		 827 646 880 532 305 427 890 1,388 906 741
Total Pre-Tax Income 		1,091 975 1,067 714 308 508 1,141 1,746 1,091 923
Total Revenue		 2,773 2,432 2,607 2,298 1,825 2,018 2,544 3,310 2,471 2,354
Net Interest Income / (Expense)		 0.00 -92 0.00 -81 -76 0.00 -111 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 92 0.00 81 76 0.00 111 0.00 0.00 0.00
Total Non-Interest Income		 2,773 2,523 2,607 2,378 1,902 2,018 2,655 3,310 2,471 2,354
Net Realized & Unrealized Capital Gains on Investments		 289 2,523 302 2,378 -338 2,018 243 980 413 313
Other Non-Interest Income		 - - 2,305 - 2,240 - 2,412 2,330 2,058 2,041
Total Non-Interest Expense		 1,650 1,504 1,605 1,611 1,543 1,510 1,520 1,674 1,497 1,508
Salaries and Employee Benefits		 1,028 932 979 987 943 884 1,047 1,072 908 915
Other Operating Expenses		 488 441 519 487 434 467 421 535 528 550
Depreciation Expense		 19 20 - 22 21 19 17 16 13 13
Amortization Expense		 115 110 86 115 145 141 36 52 48 29
Nonoperating Income / (Expense), net		 -33 46 65 27 25 - 118 110 117 77
Income Tax Expense		 263 236 58 181 2.90 81 251 358 185 183
Net Income / (Loss) Attributable to Noncontrolling Interest		 318 266 319 289 289 225 324 242 233 229
Basic Earnings per Share		 $9.37 $8.73 $12.30 $4.55 $0.31 $4.34 $13.65 $29.77 $19.18 $16.45
Weighted Average Basic Shares Outstanding		 54.30M 54.20M 56M 53.60M 50.50M 46.50M 41.50M 38.50M 35.10M 31.10M
Diluted Earnings per Share		 $9.17 $8.57 $12.03 $4.52 $0.31 $4.33 $13.05 $25.35 $17.42 $15.13
Weighted Average Diluted Shares Outstanding		 57.20M 57M 58.60M 53.80M 50.60M 46.70M 44.80M 49M 42.20M 36.10M
Weighted Average Basic & Diluted Shares Outstanding		 53.70M 54.20M 56.10M 52.05M 47.87M 42.62M 39.78M 35.86M 32.79M 29.26M
Cash Dividends to Common per Share		 $0.00 $0.00 $0.80 $1.20 $1.28 $0.35 $0.04 $0.04 $0.04 $0.04

Quarterly Income Statements for Affiliated Managers Group

This table shows Affiliated Managers Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 113 778 135 125 217 196 150 76 124 162 72
Consolidated Net Income / (Loss)		 164 831 189 187 286 244 199 135 186 221 99
Net Income / (Loss) Continuing Operations		 164 831 189 187 286 244 199 135 186 221 99
Total Pre-Tax Income 		201 1,059 234 220 364 274 254 178 217 274 127
Total Revenue		 595 1,467 546 568 698 659 588 518 569 679 572
Net Interest Income / (Expense)		 -28 85 -31 0.00 0.00 31 -30 0.00 0.00 30 0.00
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 28 -85 31 0.00 0.00 -31 30 0.00 0.00 -30 0.00
Total Non-Interest Income		 623 1,382 576 568 698 629 617 518 569 649 572
Net Realized & Unrealized Capital Gains on Investments		 45 -369 59 568 173 -387 118 518 53 -376 75
Other Non-Interest Income		 579 - 517 - 525 - 500 - 516 - 497
Total Non-Interest Expense		 397 537 350 375 357 415 351 359 375 422 457
Salaries and Employee Benefits		 274 275 222 229 212 245 240 215 221 239 230
Other Operating Expenses		 105 247 112 130 130 156 101 134 143 172 141
Depreciation Expense		 3.80 3.90 3.70 3.30 3.00 3.00 3.00 3.10 3.30 4.00 2.80
Amortization Expense		 14 12 13 13 13 11 7.30 7.30 7.30 7.10 83
Nonoperating Income / (Expense), net		 3.10 - 38 27 23 30 18 19 23 17 12
Income Tax Expense		 37 228 45 33 78 30 55 43 31 53 27
Net Income / (Loss) Attributable to Noncontrolling Interest		 52 53 54 62 69 48 49 59 62 59 27
Basic Earnings per Share		 $2.95 $20.31 $3.74 $3.49 $6.22 $5.73 $4.56 $2.42 $4.11 $5.36 $2.48
Weighted Average Basic Shares Outstanding		 38.20M 38.50M 35.90M 35.90M 34.90M 35.10M 32.80M 31.50M 30.10M 31.10M 29.20M
Diluted Earnings per Share		 $2.80 $16.43 $3.47 $3.25 $5.48 $5.22 $4.14 $2.26 $3.78 $4.95 $2.20
Weighted Average Diluted Shares Outstanding		 43.50M 49M 39.90M 42.10M 43.40M 42.20M 40.10M 35.30M 35M 36.10M 32.60M
Weighted Average Basic & Diluted Shares Outstanding		 37.67M 35.86M 36.10M 35.05M 33.81M 32.79M 31.86M 29.81M 30.23M 29.26M 28.43M
Cash Dividends to Common per Share		 $0.01 - $0.01 $0.01 $0.01 - $0.01 $0.01 $0.01 - $0.01

Annual Cash Flow Statements for Affiliated Managers Group

This table details how cash moves in and out of Affiliated Managers Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 13 -131 8.70 129 -21 502 -124 -481 387 131
Net Cash From Operating Activities		 1,213 1,050 1,170 1,141 929 1,009 1,259 1,055 874 932
Net Cash From Continuing Operating Activities		 1,213 1,050 1,170 1,141 929 1,009 1,259 1,055 874 932
Net Income / (Loss) Continuing Operations		 827 739 1,009 532 305 427 890 1,388 906 741
Consolidated Net Income / (Loss)		 827 739 1,009 532 305 427 890 1,388 906 741
Depreciation Expense		 19 20 20 22 21 19 17 16 13 13
Amortization Expense		 115 110 86 115 145 141 36 52 48 29
Non-Cash Adjustments to Reconcile Net Income		 223 138 64 424 582 413 197 -539 136 206
Changes in Operating Assets and Liabilities, net		 29 44 -8.90 48 -123 10 120 139 -229 -57
Net Cash From Investing Activities		 -325 -1,332 14 -18 -24 -54 -584 -110 265 379
Net Cash From Continuing Investing Activities		 -325 -1,332 14 -18 -24 -54 -584 -110 265 379
Purchase of Property, Leasehold Improvements and Equipment		 -38 -20 -19 -19 -9.60 -8.50 -8.40 -11 -12 -3.40
Purchase of Investment Securities		 -311 -1,377 -68 -48 -205 -92 -636 -603 -1,026 -516
Divestitures		 - - 0.00 0.00 - - 0.00 224 294 0.00
Sale and/or Maturity of Investments		 25 65 100 49 73 47 56 280 1,009 898
Other Investing Activities, net		 - - - - 118 0.00 4.40 0.80 0.20 0.70
Net Cash From Financing Activities		 -858 201 -1,190 -983 -935 -455 -798 -1,403 -758 -1,176
Net Cash From Continuing Financing Activities		 -858 201 -1,190 -983 -935 -455 -798 -1,403 -758 -1,176
Issuance of Debt		 1,253 1,350 545 1,150 471 875 200 0.00 25 848
Issuance of Common Equity		 58 466 - - - - -151 -62 -67 -107
Repayment of Debt		 -1,256 -1,125 -805 -1,181 -510 -350 -33 -61 -25 -750
Repurchase of Common Equity		 -414 -33 -351 -496 -356 -335 -595 -714 -342 -710
Payment of Dividends		 -431 -354 -397 -435 -413 -323 -336 -344 -273 -259
Other Financing Activities, Net		 -68 -102 -181 -22 -126 -322 117 -223 -76 -198
Effect of Exchange Rate Changes		 -18 -50 14 -10 8.70 2.10 -0.80 -23 6.90 -4.20
Cash Interest Paid		 76 85 82 77 84 88 103 109 110 138
Cash Income Taxes Paid		 90 152 165 160 103 -12 87 120 315 143

Quarterly Cash Flow Statements for Affiliated Managers Group

This table details how cash moves in and out of Affiliated Managers Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 16 -195 409 -51 216 -186 -20 72 140 -61 -140
Net Cash From Operating Activities		 291 257 235 91 294 255 209 245 265 213 209
Net Cash From Continuing Operating Activities		 291 257 235 91 294 255 209 245 265 213 209
Net Income / (Loss) Continuing Operations		 164 831 189 187 286 244 199 135 186 221 99
Consolidated Net Income / (Loss)		 164 831 189 187 286 244 199 135 186 221 99
Depreciation Expense		 3.80 3.90 3.70 3.30 3.00 3.00 3.00 3.10 3.30 4.00 2.80
Amortization Expense		 14 12 13 13 13 11 7.30 7.20 7.30 7.20 83
Non-Cash Adjustments to Reconcile Net Income		 59 -876 261 12 -108 -29 153 73 43 -63 155
Changes in Operating Assets and Liabilities, net		 50 286 -231 -124 101 26 -153 27 26 43 -131
Net Cash From Investing Activities		 -95 157 288 3.10 187 -213 75 240 56 8.50 -36
Net Cash From Continuing Investing Activities		 -95 157 288 3.10 187 -213 75 240 56 8.50 -36
Purchase of Property, Leasehold Improvements and Equipment		 -3.00 -2.30 -1.90 -2.10 -2.60 -5.80 -1.00 -0.60 -0.70 -1.10 -1.60
Purchase of Investment Securities		 -112 -308 -110 -105 -356 -454 -359 -79 -64 -14 -58
Sale and/or Maturity of Investments		 20 244 400 110 252 247 435 320 121 23 24
Net Cash From Financing Activities		 -163 -624 -117 -148 -259 -234 -302 -414 -188 -272 -317
Net Cash From Continuing Financing Activities		 -163 -624 -117 -148 -259 -234 -302 -414 -188 -272 -317
Issuance of Debt		 - - 25 - - - 450 - 398 - 0.00
Issuance of Common Equity		 -2.70 -40 - - -20 -39 - - -5.00 -52 -28
Repayment of Debt		 -2.80 - -25 - - - -459 8.60 -300 - 0.00
Repurchase of Common Equity		 -73 -361 0.00 -44 -169 -128 -153 -332 -105 -120 -176
Payment of Dividends		 -67 -64 -80 -77 -60 -55 -82 -66 -59 -52 -87
Other Financing Activities, Net		 -18 -159 -37 -18 -9.20 -12 -59 25 -117 -47 -25
Effect of Exchange Rate Changes		 -17 15 2.60 3.50 -6.30 7.10 -1.60 0.10 7.20 -9.90 4.10

Annual Balance Sheets for Affiliated Managers Group

This table presents Affiliated Managers Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 7,769 8,749 8,702 8,219 7,654 7,889 8,876 8,881 9,060 8,831
Cash and Due from Banks		 564 431 440 566 540 1,040 909 429 814 950
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 114 110 111 104 92 80 74 69 67 58
Goodwill		 2,668 2,628 2,663 2,633 2,652 2,661 2,689 2,649 2,524 2,505
Intangible Assets		 1,686 1,497 1,450 1,310 1,182 1,049 1,966 1,876 1,812 1,778
Other Assets		 2,537 3,960 3,962 3,487 3,129 2,985 3,160 3,142 3,843 3,541
Total Liabilities & Shareholders' Equity		 7,769 8,749 8,702 8,219 7,654 7,889 8,876 8,881 9,060 8,831
Total Liabilities		 3,388 3,649 3,312 3,251 3,238 3,900 4,492 4,240 4,096 4,182
Long-Term Debt		 1,879 2,110 1,855 1,830 1,794 2,312 2,490 2,535 2,538 2,620
Other Long-Term Liabilities		 779 810 650 674 809 1,588 1,212 926 1,559 1,562
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 613 674 812 834 917 672 674 465 393 351
Total Equity & Noncontrolling Interests		 3,769 4,427 4,579 4,135 3,499 3,317 3,711 4,176 4,570 4,298
Total Preferred & Common Equity		 2,837 3,620 3,822 3,457 2,938 2,780 2,786 3,230 3,588 3,345
Total Common Equity		 2,837 3,620 3,822 3,457 2,938 2,780 2,786 3,230 3,588 3,345
Common Stock		 696 1,074 809 836 708 730 652 696 742 734
Retained Earnings		 2,582 3,054 3,699 3,877 3,820 4,006 4,570 5,718 6,390 6,900
Treasury Stock		 -422 -386 -664 -1,147 -1,481 -1,857 -2,347 -2,981 -3,376 -4,125
Accumulated Other Comprehensive Income / (Loss)		 -18 -123 -22 -109 -109 -98 -88 -203 -168 -164
Noncontrolling Interest		 932 807 756 678 562 538 924 945 982 953

Quarterly Balance Sheets for Affiliated Managers Group

This table presents Affiliated Managers Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 8,430 8,896 8,966 9,004 9,025 8,845 8,903 8,714
Cash and Due from Banks		 623 833 786 999 793 866 1,011 817
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 70 67 66 64 66 63 61 57
Goodwill		 2,628 2,649 2,660 2,509 2,518 2,516 2,532 2,513
Intangible Assets		 1,864 1,866 1,863 1,810 1,802 1,796 1,807 1,704
Other Assets		 3,062 3,023 3,147 3,160 3,497 3,438 3,426 3,624
Total Liabilities & Shareholders' Equity		 8,430 8,896 8,966 9,004 9,025 8,845 8,903 8,714
Total Liabilities		 4,288 4,143 4,097 4,107 4,111 4,191 4,232 4,249
Other Short-Term Payables		 569 645 603 636 634 637 626 666
Long-Term Debt		 2,535 2,536 2,536 2,537 2,525 2,525 2,620 2,621
Other Long-Term Liabilities		 1,184 962 958 934 952 1,029 987 963
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 487 533 501 432 393 391 397 366
Total Equity & Noncontrolling Interests		 3,655 4,219 4,368 4,464 4,521 4,263 4,274 4,099
Total Preferred & Common Equity		 2,766 3,272 3,398 3,495 3,590 3,331 3,316 3,188
Total Common Equity		 2,766 3,272 3,398 3,495 3,590 3,331 3,316 3,188
Common Stock		 710 565 653 723 713 713 712 668
Retained Earnings		 4,941 5,852 5,977 6,194 6,539 6,615 6,738 6,972
Treasury Stock		 -2,671 -2,967 -3,071 -3,242 -3,504 -3,834 -3,995 -4,276
Accumulated Other Comprehensive Income / (Loss)		 -214 -178 -161 -180 -158 -164 -139 -176
Noncontrolling Interest		 889 948 970 969 930 932 958 911

Annual Metrics And Ratios for Affiliated Managers Group

This table displays calculated financial ratios and metrics derived from Affiliated Managers Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -0.69% -12.32% 7.22% -11.87% -20.55% 10.56% 26.03% 30.12% -25.34% -4.75%
EBITDA Growth		 1.17% -15.91% 4.86% -25.81% -45.49% 48.91% 61.05% 58.35% -39.21% -14.23%
EBIT Growth		 2.46% -17.41% 8.02% -31.56% -58.79% 79.77% 101.32% 59.85% -40.45% -13.19%
NOPAT Growth		 2.64% -17.44% 34.66% -45.99% -45.27% 52.43% 86.97% 62.89% -37.80% -16.12%
Net Income Growth		 7.79% -10.66% 36.50% -47.23% -42.68% 39.95% 108.45% 55.95% -34.72% -18.27%
EPS Growth		 19.09% -6.54% 40.37% -62.43% -93.14% 1,296.77% 201.39% 94.25% -31.28% -13.15%
Operating Cash Flow Growth		 -15.57% -13.43% 11.43% -2.55% -18.54% 8.63% 24.76% -16.24% -17.10% 6.61%
Free Cash Flow Firm Growth		 523.87% -131.58% 472.67% 5.10% -9.39% -61.36% -33.16% 345.26% -51.53% 88.07%
Invested Capital Growth		 1.25% 15.15% 0.49% -6.17% -8.66% 1.47% 9.11% 4.38% 4.52% -3.09%
Revenue Q/Q Growth		 -2.32% -4.73% 6.35% -14.43% 11.72% 2.38% 7.93% 26.16% -21.91% 6.49%
EBITDA Q/Q Growth		 -2.86% -9.70% 4.54% -25.62% 61.83% 17.07% 9.98% 52.97% -39.90% 1.07%
EBIT Q/Q Growth		 -1.75% -11.03% 5.29% -30.46% 95.44% 47.19% 10.18% 56.15% -41.29% 1.44%
NOPAT Q/Q Growth		 -1.36% -12.69% 31.58% -47.31% 153.52% 30.54% -0.50% 54.74% -45.82% -1.60%
Net Income Q/Q Growth		 -1.72% -2.58% 22.89% -48.07% 176.11% 30.54% 10.93% 65.17% -39.31% -3.02%
EPS Q/Q Growth		 -1.19% 0.59% 30.19% -64.49% 111.07% 95.93% 14.07% 94.85% -39.15% -1.75%
Operating Cash Flow Q/Q Growth		 -3.92% 0.84% 0.35% -8.47% 5.46% 7.45% -1.61% -9.02% -0.27% -4.35%
Free Cash Flow Firm Q/Q Growth		 186.30% -1,523.10% 75.64% -0.38% -10.36% 8.71% -65.66% 65.46% -34.25% 9.43%
Invested Capital Q/Q Growth		 2.63% 4.16% 1.72% -4.67% -1.01% 0.15% 6.75% 7.48% 0.91% -0.30%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 45.36% 43.50% 42.55% 35.82% 24.58% 33.10% 42.30% 51.47% 41.91% 37.74%
EBIT Margin		 40.52% 38.17% 38.46% 29.87% 15.49% 25.19% 40.24% 49.44% 39.43% 35.94%
Profit (Net Income) Margin		 29.83% 30.39% 38.69% 23.17% 16.71% 21.16% 35.00% 41.94% 36.67% 31.47%
Tax Burden Percent		 75.85% 75.83% 94.53% 74.59% 99.06% 83.99% 78.00% 79.48% 83.02% 80.22%
Interest Burden Percent		 97.04% 105.00% 106.43% 103.99% 108.91% 100.00% 111.49% 106.74% 112.02% 109.15%
Effective Tax Rate		 24.15% 24.17% 5.47% 25.41% 0.94% 16.01% 22.00% 20.52% 16.98% 19.78%
Return on Invested Capital (ROIC)		 13.70% 10.45% 13.11% 7.29% 4.31% 6.83% 12.12% 18.51% 11.02% 9.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.36% 12.21% 16.19% 8.40% 5.69% 6.83% 15.94% 22.00% 14.86% 11.60%
Return on Net Nonoperating Assets (RNNOA)		 5.38% 5.14% 6.12% 2.99% 2.20% 3.33% 9.14% 12.25% 7.85% 6.22%
Return on Equity (ROE)		 19.08% 15.59% 19.23% 10.28% 6.50% 10.16% 21.26% 30.76% 18.87% 15.41%
Cash Return on Invested Capital (CROIC)		 12.46% -3.63% 12.62% 13.65% 13.36% 5.37% 3.41% 14.22% 6.60% 12.33%
Operating Return on Assets (OROA)		 14.53% 11.24% 11.49% 8.11% 3.56% 6.54% 12.21% 18.43% 10.86% 9.46%
Return on Assets (ROA)		 10.70% 8.95% 11.56% 6.29% 3.84% 5.49% 10.62% 15.63% 10.10% 8.28%
Return on Common Equity (ROCE)		 12.03% 10.62% 13.64% 7.22% 4.43% 6.91% 14.13% 20.51% 13.39% 11.11%
Return on Equity Simple (ROE_SIMPLE)		 29.16% 20.42% 26.39% 15.40% 10.39% 15.36% 31.94% 42.97% 25.25% 22.14%
Net Operating Profit after Tax (NOPAT)		 852 704 948 512 280 427 798 1,300 809 679
NOPAT Margin		 30.74% 28.94% 36.35% 22.28% 15.35% 21.16% 31.39% 39.29% 32.74% 28.83%
Net Nonoperating Expense Percent (NNEP)		 1.34% -1.76% -3.08% -1.11% -1.38% 0.00% -3.82% -3.49% -3.83% -2.41%
SG&A Expenses to Revenue		 37.06% 38.34% 37.55% 42.97% 51.66% 43.79% 41.17% 32.38% 36.73% 38.89%
Operating Expenses to Revenue		 59.48% 61.83% 61.55% 70.13% 84.51% 74.81% 59.76% 50.57% 60.57% 64.06%
Earnings before Interest and Taxes (EBIT)		 1,124 928 1,003 686 283 508 1,024 1,636 974 846
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,258 1,058 1,109 823 449 668 1,076 1,704 1,036 888
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.95 2.13 2.90 1.46 1.41 1.66 2.40 1.85 1.43 1.67
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 3.01 3.17 4.26 2.19 2.28 2.28 2.63 1.80 2.07 2.37
Price to Earnings (P/E)		 16.41 16.31 16.10 20.66 264.54 22.79 11.81 5.21 7.61 10.93
Dividend Yield		 0.00% 0.00% 0.40% 1.26% 1.52% 0.34% 0.02% 0.03% 0.03% 0.02%
Earnings Yield		 6.09% 6.13% 6.21% 4.84% 0.38% 4.39% 8.47% 19.21% 13.15% 9.15%
Enterprise Value to Invested Capital (EV/IC)		 1.79 1.51 1.94 1.15 1.11 1.13 1.43 1.32 1.10 1.18
Enterprise Value to Revenue (EV/Rev)		 4.05 4.47 5.40 3.40 3.77 3.51 3.88 2.86 3.33 3.64
Enterprise Value to EBITDA (EV/EBITDA)		 8.92 10.28 12.70 9.49 15.35 10.61 9.17 5.57 7.94 9.64
Enterprise Value to EBIT (EV/EBIT)		 9.98 11.71 14.05 11.38 24.35 13.95 9.64 5.80 8.43 10.12
Enterprise Value to NOPAT (EV/NOPAT)		 13.16 15.45 14.86 15.26 24.58 16.60 12.35 7.29 10.16 12.62
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.25 10.35 12.03 6.85 7.41 7.02 7.83 8.99 9.40 9.19
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.48 0.00 15.44 8.14 7.93 21.12 43.96 9.49 16.97 9.40
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.43 0.41 0.34 0.37 0.41 0.58 0.57 0.55 0.51 0.56
Long-Term Debt to Equity		 0.43 0.41 0.34 0.37 0.41 0.58 0.57 0.55 0.51 0.56
Financial Leverage		 0.44 0.42 0.38 0.36 0.39 0.49 0.57 0.56 0.53 0.54
Leverage Ratio		 1.78 1.74 1.66 1.63 1.69 1.85 2.00 1.97 1.87 1.86
Compound Leverage Factor		 1.73 1.83 1.77 1.70 1.84 1.85 2.23 2.10 2.09 2.03
Debt to Total Capital		 30.02% 29.26% 25.60% 26.91% 28.89% 36.69% 36.22% 35.33% 33.83% 36.05%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 30.02% 29.26% 25.60% 26.91% 28.89% 36.69% 36.22% 35.33% 33.83% 36.05%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 24.67% 20.53% 21.65% 22.23% 23.81% 19.19% 23.25% 19.66% 18.34% 17.93%
Common Equity to Total Capital		 45.31% 50.21% 52.76% 50.86% 47.31% 44.12% 40.53% 45.01% 47.83% 46.02%
Debt to EBITDA		 1.49 1.99 1.67 2.22 4.00 3.46 2.31 1.49 2.45 2.95
Net Debt to EBITDA		 1.05 1.59 1.28 1.54 2.80 1.90 1.47 1.24 1.66 1.88
Long-Term Debt to EBITDA		 1.49 1.99 1.67 2.22 4.00 3.46 2.31 1.49 2.45 2.95
Debt to NOPAT		 2.20 3.00 1.96 3.57 6.40 5.41 3.12 1.95 3.14 3.86
Net Debt to NOPAT		 1.54 2.39 1.49 2.47 4.48 2.98 1.98 1.62 2.13 2.46
Long-Term Debt to NOPAT		 2.20 3.00 1.96 3.57 6.40 5.41 3.12 1.95 3.14 3.86
Noncontrolling Interest Sharing Ratio		 36.98% 31.90% 29.06% 29.73% 31.86% 31.98% 33.53% 33.34% 29.01% 27.87%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 775 -245 912 959 869 336 224 999 484 911
Operating Cash Flow to CapEx		 3,175.92% 5,199.51% 6,326.49% 6,099.47% 9,678.13% 11,874.12% 14,990.48% 9,251.75% 7,050.81% 27,414.71%
Free Cash Flow to Firm to Interest Expense		 0.00 -2.67 0.00 11.90 11.40 0.00 2.01 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 11.45 0.00 14.15 12.19 0.00 11.30 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 11.23 0.00 13.92 12.07 0.00 11.23 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.36 0.29 0.30 0.27 0.23 0.26 0.30 0.37 0.28 0.26
Fixed Asset Turnover		 26.48 21.69 23.58 21.34 18.57 23.48 33.14 46.48 36.39 37.69
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 6,261 7,210 7,245 6,798 6,210 6,301 6,875 7,176 7,501 7,269
Invested Capital Turnover		 0.45 0.36 0.36 0.33 0.28 0.32 0.39 0.47 0.34 0.32
Increase / (Decrease) in Invested Capital		 77 949 36 -447 -589 91 574 301 325 -232
Enterprise Value (EV)		 11,220 10,872 14,083 7,809 6,886 7,090 9,862 9,482 8,218 8,563
Market Capitalization		 8,360 7,713 11,100 5,034 4,153 4,609 6,682 5,965 5,118 5,589
Book Value per Share		 $52.50 $66.03 $68.77 $65.64 $59.62 $61.28 $68.54 $85.76 $106.12 $110.68
Tangible Book Value per Share		 ($28.09) ($9.23) ($5.22) ($9.22) ($18.19) ($20.51) ($45.98) ($34.36) ($22.13) ($31.01)
Total Capital		 6,261 7,210 7,245 6,798 6,210 6,301 6,875 7,176 7,501 7,269
Total Debt		 1,879 2,110 1,855 1,830 1,794 2,312 2,490 2,535 2,538 2,620
Total Long-Term Debt		 1,879 2,110 1,855 1,830 1,794 2,312 2,490 2,535 2,538 2,620
Net Debt		 1,316 1,679 1,415 1,264 1,254 1,272 1,582 2,106 1,724 1,670
Capital Expenditures (CapEx)		 38 20 19 19 9.60 8.50 8.40 11 12 3.40
Net Nonoperating Expense (NNE)		 25 -35 -61 -20 -25 0.00 -92 -88 -97 -62
Net Nonoperating Obligations (NNO)		 1,879 2,110 1,855 1,830 1,794 2,312 2,490 2,535 2,538 2,620
Total Depreciation and Amortization (D&A)		 134 130 107 137 166 160 52 67 61 42
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $9.49 $8.73 $12.30 $4.55 $0.31 $4.34 $13.65 $29.77 $19.18 $16.45
Adjusted Weighted Average Basic Shares Outstanding		 54.30M 54.20M 56M 53.60M 50.50M 46.50M 41.50M 38.50M 35.10M 31.10M
Adjusted Diluted Earnings per Share		 $9.28 $8.57 $12.03 $4.52 $0.31 $4.33 $13.05 $25.35 $17.42 $15.13
Adjusted Weighted Average Diluted Shares Outstanding		 57.20M 57M 58.60M 53.80M 50.60M 46.70M 44.80M 49M 42.20M 36.10M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.31 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 53.99M 56.70M 54.50M 52.05M 47.87M 42.62M 39.78M 35.86M 32.79M 29.26M
Normalized Net Operating Profit after Tax (NOPAT)		 852 704 967 512 280 427 798 1,300 809 679
Normalized NOPAT Margin		 30.74% 28.94% 37.09% 22.28% 15.35% 21.16% 31.39% 39.29% 32.74% 28.83%
Pre Tax Income Margin		 39.32% 40.08% 40.93% 31.06% 16.87% 25.19% 44.86% 52.77% 44.17% 39.23%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 10.12 0.00 8.51 3.71 0.00 9.19 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 7.68 0.00 6.35 3.68 0.00 7.17 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 9.90 0.00 8.28 3.59 0.00 9.11 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 7.45 0.00 6.12 3.55 0.00 7.09 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 52.15% 47.92% 39.37% 81.70% 135.43% 75.67% 37.75% 24.75% 30.11% 35.03%
Augmented Payout Ratio		 102.16% 52.44% 74.19% 174.90% 252.15% 154.15% 104.63% 76.17% 67.84% 130.87%

Quarterly Metrics And Ratios for Affiliated Managers Group

This table displays calculated financial ratios and metrics derived from Affiliated Managers Group's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.15% 87.93% -14.82% -6.42% 17.31% -55.07% 7.70% -8.78% -18.49% 2.99% -7.37%
EBITDA Growth		 -5.51% 165.75% -27.10% -16.57% 64.75% -72.70% 16.39% -19.19% -42.48% 3.64% -18.38%
EBIT Growth		 -8.25% 172.32% -28.75% -17.22% 72.07% -73.71% 20.77% -17.91% -42.97% 4.91% -51.29%
NOPAT Growth		 -8.89% 216.20% -27.84% -14.17% 65.62% -73.79% 16.98% -26.97% -37.93% -4.91% -51.19%
Net Income Growth		 -21.16% 193.26% -13.81% 7.70% 74.07% -70.62% 5.41% -27.96% -35.04% -9.46% -50.08%
EPS Growth		 -6.67% 301.71% 0.87% 21.27% 95.71% -68.23% 19.31% -30.46% -31.02% -5.17% -46.86%
Operating Cash Flow Growth		 -16.02% -28.90% 61.93% -74.91% 1.03% -0.93% -10.90% 170.34% -9.77% -16.63% -0.14%
Free Cash Flow Firm Growth		 -362.14% 270.24% 13.35% -60.45% -553.04% -120.18% 110.83% 167.42% 163.21% 510.95% 1,174.93%
Invested Capital Growth		 3.67% 4.38% 7.03% 10.11% 11.33% 4.52% 2.06% -3.06% -1.92% -3.09% -4.74%
Revenue Q/Q Growth		 -2.01% 146.48% -59.66% 4.18% 22.84% -5.60% 3.74% -11.76% 9.76% 19.28% -15.74%
EBITDA Q/Q Growth		 -13.90% 337.47% -77.62% -1.04% 70.02% -27.51% -4.57% -31.29% 21.03% 30.60% -24.85%
EBIT Q/Q Growth		 -15.38% 369.55% -78.97% -0.92% 75.89% -28.27% -3.40% -32.66% 22.20% 31.96% -55.15%
NOPAT Q/Q Growth		 -15.77% 413.76% -81.01% 4.45% 62.52% -18.70% -15.24% -34.79% 38.13% 24.56% -56.49%
Net Income Q/Q Growth		 -5.57% 405.84% -77.32% -0.58% 52.61% -14.62% -18.63% -32.06% 37.63% 19.00% -55.13%
EPS Q/Q Growth		 4.48% 486.79% -78.88% -6.34% 68.62% -4.74% -20.69% -45.41% 67.26% 30.95% -55.56%
Operating Cash Flow Q/Q Growth		 -19.53% -11.55% -8.74% -61.37% 224.04% -13.27% -17.93% 17.21% 8.16% -19.87% -1.69%
Free Cash Flow Firm Q/Q Growth		 76.68% 807.85% -160.56% -60.53% 5.10% 78.13% 132.49% 899.83% -11.03% 42.20% 0.79%
Invested Capital Q/Q Growth		 -0.73% 7.48% 1.56% 1.61% 0.37% 0.91% -0.83% -3.49% 1.56% -0.30% -2.52%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 36.33% 64.48% 38.81% 36.86% 51.02% 39.18% 41.94% 32.66% 36.01% 39.43% 35.16%
EBIT Margin		 33.27% 63.38% 35.84% 34.08% 48.80% 37.09% 40.19% 30.67% 34.15% 37.78% 20.11%
Profit (Net Income) Margin		 27.61% 56.66% 34.56% 32.98% 40.97% 37.06% 33.82% 26.04% 32.65% 32.58% 17.35%
Tax Burden Percent		 81.70% 78.49% 80.73% 85.10% 78.64% 89.12% 78.20% 75.72% 85.58% 80.78% 78.36%
Interest Burden Percent		 101.57% 113.90% 119.44% 113.68% 106.75% 112.11% 107.62% 112.14% 111.73% 106.75% 110.09%
Effective Tax Rate		 18.30% 21.51% 19.27% 14.90% 21.36% 10.88% 21.80% 24.28% 14.42% 19.22% 21.64%
Return on Invested Capital (ROIC)		 10.87% 26.69% 12.72% 12.57% 17.21% 11.13% 10.20% 7.45% 8.77% 9.73% 5.01%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.97% 26.69% 13.92% 13.46% 17.93% 12.17% 10.75% 8.03% 9.53% 10.27% 5.36%
Return on Net Nonoperating Assets (RNNOA)		 6.82% 14.86% 7.93% 7.53% 10.06% 6.43% 5.63% 4.27% 5.14% 5.51% 2.94%
Return on Equity (ROE)		 17.69% 41.55% 20.65% 20.10% 27.27% 17.56% 15.83% 11.72% 13.91% 15.24% 7.95%
Cash Return on Invested Capital (CROIC)		 9.21% 14.22% 12.47% 9.79% 10.44% 6.60% 9.32% 13.96% 11.30% 12.33% 12.90%
Operating Return on Assets (OROA)		 10.56% 23.63% 12.72% 11.97% 17.72% 10.22% 10.72% 8.06% 8.43% 9.94% 5.23%
Return on Assets (ROA)		 8.76% 21.12% 12.27% 11.58% 14.87% 10.21% 9.02% 6.84% 8.06% 8.57% 4.51%
Return on Common Equity (ROCE)		 11.81% 27.70% 13.65% 13.62% 18.89% 12.46% 11.23% 8.28% 9.90% 10.99% 5.75%
Return on Equity Simple (ROE_SIMPLE)		 30.38% 0.00% 41.50% 40.36% 42.72% 0.00% 25.52% 25.94% 23.03% 0.00% 20.11%
Net Operating Profit after Tax (NOPAT)		 162 831 158 165 268 218 185 120 166 207 90
NOPAT Margin		 27.18% 56.66% 28.93% 29.01% 38.38% 33.05% 31.43% 23.22% 29.22% 30.52% 15.76%
Net Nonoperating Expense Percent (NNEP)		 -0.10% 0.00% -1.20% -0.89% -0.71% -1.04% -0.56% -0.58% -0.76% -0.54% -0.35%
SG&A Expenses to Revenue		 46.01% 18.71% 40.75% 40.28% 30.34% 37.10% 40.92% 41.53% 38.80% 35.18% 40.27%
Operating Expenses to Revenue		 66.73% 36.62% 64.16% 65.92% 51.20% 62.91% 59.81% 69.33% 65.85% 62.22% 79.89%
Earnings before Interest and Taxes (EBIT)		 198 930 196 194 341 244 236 159 194 256 115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 216 946 212 210 356 258 246 169 205 268 201
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.54 1.85 1.56 1.59 1.31 1.43 1.58 1.49 1.60 1.67 1.54
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.63 1.80 1.65 1.77 1.44 2.07 2.37 2.13 2.40 2.37 2.13
Price to Earnings (P/E)		 7.82 5.21 4.50 4.70 3.64 7.61 8.23 7.79 9.72 10.93 11.32
Dividend Yield		 0.04% 0.03% 0.03% 0.03% 0.03% 0.03% 0.02% 0.03% 0.02% 0.02% 0.02%
Earnings Yield		 12.79% 19.21% 22.22% 21.26% 27.47% 13.15% 12.16% 12.83% 10.29% 9.15% 8.83%
Enterprise Value to Invested Capital (EV/IC)		 1.13 1.32 1.14 1.17 1.01 1.10 1.17 1.11 1.13 1.18 1.13
Enterprise Value to Revenue (EV/Rev)		 2.88 2.86 2.67 2.82 2.37 3.33 3.65 3.40 3.74 3.64 3.46
Enterprise Value to EBITDA (EV/EBITDA)		 6.79 5.57 5.10 5.45 4.36 7.94 8.14 7.73 9.40 9.64 9.49
Enterprise Value to EBIT (EV/EBIT)		 7.22 5.80 5.32 5.69 4.52 8.43 8.59 8.12 9.91 10.12 11.04
Enterprise Value to NOPAT (EV/NOPAT)		 9.00 7.29 6.10 6.29 5.03 10.16 10.42 10.06 11.99 12.62 13.70
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.52 8.99 7.24 9.88 8.56 9.40 10.27 7.94 8.48 9.19 8.58
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.52 9.49 9.43 12.48 10.19 16.97 12.70 7.82 9.93 9.40 8.54
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.61 0.55 0.53 0.52 0.52 0.51 0.51 0.54 0.56 0.56 0.59
Long-Term Debt to Equity		 0.61 0.55 0.53 0.52 0.52 0.51 0.51 0.54 0.56 0.56 0.59
Financial Leverage		 0.62 0.56 0.57 0.56 0.56 0.53 0.52 0.53 0.54 0.54 0.55
Leverage Ratio		 2.04 1.97 1.94 1.92 1.93 1.87 1.85 1.87 1.87 1.86 1.89
Compound Leverage Factor		 2.08 2.24 2.32 2.19 2.06 2.09 2.00 2.10 2.09 1.99 2.08
Debt to Total Capital		 37.96% 35.33% 34.79% 34.25% 34.13% 33.83% 33.94% 35.18% 35.93% 36.05% 36.99%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 37.96% 35.33% 34.79% 34.25% 34.13% 33.83% 33.94% 35.18% 35.93% 36.05% 36.99%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 20.61% 19.66% 20.32% 19.87% 18.85% 18.34% 17.79% 18.43% 18.58% 17.93% 18.02%
Common Equity to Total Capital		 41.43% 45.01% 44.89% 45.88% 47.02% 47.83% 48.27% 46.40% 45.49% 46.02% 44.99%
Debt to EBITDA		 2.28 1.49 1.56 1.60 1.47 2.45 2.36 2.45 2.98 2.95 3.11
Net Debt to EBITDA		 1.72 1.24 1.05 1.11 0.89 1.66 1.62 1.61 1.83 1.88 2.14
Long-Term Debt to EBITDA		 2.28 1.49 1.56 1.60 1.47 2.45 2.36 2.45 2.98 2.95 3.11
Debt to NOPAT		 3.02 1.95 1.87 1.85 1.70 3.14 3.02 3.19 3.80 3.86 4.49
Net Debt to NOPAT		 2.28 1.62 1.25 1.28 1.03 2.13 2.07 2.10 2.33 2.46 3.09
Long-Term Debt to NOPAT		 3.02 1.95 1.87 1.85 1.70 3.14 3.02 3.19 3.80 3.86 4.49
Noncontrolling Interest Sharing Ratio		 33.22% 33.34% 33.88% 32.25% 30.73% 29.01% 29.01% 29.34% 28.81% 27.87% 27.72%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -75 530 -321 -515 -489 -107 35 347 309 439 443
Operating Cash Flow to CapEx		 9,696.67% 11,186.96% 12,357.89% 4,319.05% 11,303.85% 4,394.83% 20,920.00% 40,866.67% 37,885.71% 19,318.18% 13,056.25%
Free Cash Flow to Firm to Interest Expense		 -2.64 0.00 -10.52 0.00 0.00 0.00 1.16 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 10.28 0.00 7.70 0.00 0.00 0.00 7.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 10.17 0.00 7.64 0.00 0.00 0.00 6.96 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.32 0.37 0.36 0.35 0.36 0.28 0.27 0.26 0.25 0.26 0.26
Fixed Asset Turnover		 36.36 46.48 43.98 44.50 47.26 36.39 36.01 36.24 35.42 37.69 37.68
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,677 7,176 7,289 7,406 7,433 7,501 7,438 7,179 7,291 7,269 7,086
Invested Capital Turnover		 0.40 0.47 0.44 0.43 0.45 0.34 0.32 0.32 0.30 0.32 0.32
Increase / (Decrease) in Invested Capital		 237 301 479 680 757 325 150 -227 -143 -232 -353
Enterprise Value (EV)		 7,561 9,482 8,289 8,632 7,506 8,218 8,716 7,960 8,265 8,563 7,997
Market Capitalization		 4,273 5,965 5,105 5,409 4,567 5,118 5,661 4,978 5,301 5,589 4,916
Book Value per Share		 $72.36 $85.76 $91.24 $94.12 $99.72 $106.12 $109.46 $104.53 $111.23 $110.68 $108.97
Tangible Book Value per Share		 ($45.15) ($34.36) ($34.67) ($31.15) ($23.50) ($22.13) ($22.24) ($30.78) ($34.31) ($31.01) ($35.14)
Total Capital		 6,677 7,176 7,289 7,406 7,433 7,501 7,438 7,179 7,291 7,269 7,086
Total Debt		 2,535 2,535 2,536 2,536 2,537 2,538 2,525 2,525 2,620 2,620 2,621
Total Long-Term Debt		 2,535 2,535 2,536 2,536 2,537 2,538 2,525 2,525 2,620 2,620 2,621
Net Debt		 1,912 2,106 1,703 1,751 1,538 1,724 1,732 1,660 1,609 1,670 1,804
Capital Expenditures (CapEx)		 3.00 2.30 1.90 2.10 2.60 5.80 1.00 0.60 0.70 1.10 1.60
Net Nonoperating Expense (NNE)		 -2.53 0.00 -31 -23 -18 -26 -14 -15 -20 -14 -9.09
Net Nonoperating Obligations (NNO)		 2,535 2,535 2,536 2,536 2,537 2,538 2,525 2,525 2,620 2,620 2,621
Total Depreciation and Amortization (D&A)		 18 16 16 16 16 14 10 10 11 11 86
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.95 $20.31 $3.74 $3.49 $6.22 $5.73 $4.56 $2.42 $4.11 $5.36 $2.48
Adjusted Weighted Average Basic Shares Outstanding		 38.20M 38.50M 35.90M 35.90M 34.90M 35.10M 32.80M 31.50M 30.10M 31.10M 29.20M
Adjusted Diluted Earnings per Share		 $2.80 $16.43 $3.47 $3.25 $5.48 $5.22 $4.14 $2.26 $3.78 $4.95 $2.20
Adjusted Weighted Average Diluted Shares Outstanding		 43.50M 49M 39.90M 42.10M 43.40M 42.20M 40.10M 35.30M 35M 36.10M 32.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 37.67M 35.86M 36.10M 35.05M 33.81M 32.79M 31.86M 29.81M 30.23M 29.26M 28.43M
Normalized Net Operating Profit after Tax (NOPAT)		 162 831 158 165 268 218 185 120 166 207 90
Normalized NOPAT Margin		 27.18% 56.66% 28.93% 29.01% 38.38% 33.05% 31.43% 23.22% 29.22% 30.52% 15.76%
Pre Tax Income Margin		 33.79% 72.19% 42.80% 38.75% 52.10% 41.58% 43.25% 34.39% 38.15% 40.33% 22.14%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.00 0.00 6.41 0.00 0.00 0.00 7.90 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 5.72 0.00 5.17 0.00 0.00 0.00 6.17 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 6.89 0.00 6.35 0.00 0.00 0.00 7.86 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 5.61 0.00 5.11 0.00 0.00 0.00 6.14 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 42.00% 24.75% 22.13% 21.01% 18.88% 30.11% 30.01% 30.55% 34.40% 35.03% 41.27%
Augmented Payout Ratio		 96.19% 76.17% 59.87% 55.88% 57.35% 67.84% 83.97% 121.09% 128.39% 130.87% 155.69%

Key Financial Trends

Here are the key trends from AMG’s Q1 2025 results compared with the prior quarter:

  • Free Cash Flow to Firm rose to $442.7 million, up from $439.2 million in Q4 2024, reflecting solid cash generation.
  • Free Cash Flow Firm Q/Q growth was positive at +0.8%, demonstrating ongoing cash-flow stability.
  • Operating Cash Flow to CapEx ratio remained robust at 130.6%, indicating strong coverage of capital spending.
  • Invested capital decreased by $353 million sequentially, as the business absorbed operating cash into working capital.
  • Total assets were relatively flat at $8.71 billion versus $8.90 billion at Q4 2024 end.
  • Total revenue declined 15.7% to $571.9 million from $678.7 million in Q4 2024.
  • Net income to common shareholders fell 55.4% to $72.4 million from $162.2 million.
  • Diluted EPS dropped 55.6% to $2.20 from $4.95 in the prior quarter.
  • Amortization expense spiked to $83.3 million, up sharply from $7.1 million, pressuring margins.
  • Return on Equity (ROE) declined to 7.9% from 15.2%, reflecting lower profitability.
07/13/25 11:26 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Affiliated Managers Group's Financials

When does Affiliated Managers Group's fiscal year end?

According to the most recent income statement we have on file, Affiliated Managers Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Affiliated Managers Group's net income changed over the last 9 years?

Affiliated Managers Group's net income appears to be on an upward trend, with a most recent value of $740.60 million in 2024, falling from $827.20 million in 2015. The previous period was $906.10 million in 2023. Find out what analysts predict for Affiliated Managers Group in the coming months.

How has Affiliated Managers Group's revenue changed over the last 9 years?

Over the last 9 years, Affiliated Managers Group's total revenue changed from $2.77 billion in 2015 to $2.35 billion in 2024, a change of -15.1%.

How much debt does Affiliated Managers Group have?

Affiliated Managers Group's total liabilities were at $4.18 billion at the end of 2024, a 2.1% increase from 2023, and a 23.4% increase since 2015.

How much cash does Affiliated Managers Group have?

In the past 9 years, Affiliated Managers Group's cash and equivalents has ranged from $429.20 million in 2022 to $1.04 billion in 2020, and is currently $950 million as of their latest financial filing in 2024.

How has Affiliated Managers Group's book value per share changed over the last 9 years?

Over the last 9 years, Affiliated Managers Group's book value per share changed from 52.50 in 2015 to 110.68 in 2024, a change of 110.8%.


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This page (NYSE:AMG) was last updated on 7/13/2025 by MarketBeat.com Staff
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