AFFILIATED MANAGERS GROUP, INC. AMG

Financials SIC 6282 - Investment Advice NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities › Portfolio Management and Investment Advice derived NYSE

AMG is a strategic partner to leading independent investment firms globally. Our strategy is to generate long-term value

by investing in high-quality independent partner-owned firms, which we refer to as "Affiliates," through a proven partnership

approach, and allocating resources across our unique opportunity set to the areas of highest growth and return.

We believe that high-quality, partner-owned firms have fundamental competitive advantages in meeting client objectives.

Last close 383.42 2026-10-23
Market cap $9.92B 2026-06-30 share count
52-week range 235.03 - 399.00

Valuation FY2025 figures against the last close

P/S4.8x
P/E16.9x
P/FCF10.3x
EV/EBITDA—
Dividend yield0.0%
Diluted EPS22.74

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • United Kingdom
  • Other
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 1.5B (71.7%) 72% United States United Kingdom, FY2025: 527M (25.4%) 25% United Kingdom Other, FY2025: 60.5M (2.9%) FY2024 United States, FY2024: 1.5B (72.8%) 73% United Kingdom, FY2024: 500.5M (24.5%) 25% Other, FY2024: 55.2M (2.7%) FY2023 United States, FY2023: 1.5B (73.8%) 74% United Kingdom, FY2023: 498.3M (24.2%) 24% Other, FY2023: 40.2M (2.0%)
Region FY2025FY2024FY2023
United States $1.49B $1.49B $1.52B
United Kingdom $527.0M $500.5M $498.3M
Other $60.5M $55.2M $40.2M

As the company reported it, from the “Segment and Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.07B$2.04B$2.06B$2.33B$2.41B$2.03B$2.24B$2.38B$2.31B$2.19B
SG&A $408.6M$376.5M$358.2M$385.5M$347.1M$321.4M$376.8M$417.7M$373.1M$398.1M
Total operating expenses $1.81B$1.51B$1.50B$1.67B$1.63B$1.51B$1.62B$1.69B$1.60B$1.60B
Operating income ————————$1.11B$1.03B
Interest expense ——$123.8M$114.4M$111.4M$92.3M$76.2M$80.6M$87.8M$91.7M
Pre-tax income $1.19B$923.2M$1.09B$1.75B$1.14B$508.4M$308.0M$713.6M$1.07B$974.6M
Income tax $282.3M$182.6M$185.3M$358.3M$251.0M$81.4M$2.9M$181.3M$58.4M$235.6M
Net income $904.0M$740.6M$906.1M$1.39B$890.1M$202.2M$15.7M$243.6M$689.5M$472.8M
EPS, basic 25.1816.4519.1829.7713.654.340.314.5512.308.73
EPS, diluted 22.7415.1317.4225.3513.054.330.314.5212.038.57
Shares, diluted (wtd. avg.) 33.0M36.1M42.2M49.0M44.8M46.7M50.6M53.8M58.6M57.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $586.0M$950.0M$813.6M$429.2M$908.5M$1.04B$539.6M$565.5M$439.5M$430.8M
Property, plant and equipment $54.4M$57.6M$67.3M$68.5M$73.9M$79.6M$92.3M$104.3M$111.0M$110.1M
Goodwill $2.53B$2.50B$2.52B$2.65B$2.69B$2.66B$2.65B$2.63B$2.66B$2.63B
Other intangibles $1.64B$1.78B$1.81B$1.88B$1.97B$1.05B$1.18B$1.31B$1.45B$1.50B
Total assets $9.21B$8.83B$9.06B$8.88B$8.88B$7.89B$7.65B$8.22B$8.70B$8.75B
Long-term debt $2.69B$2.62B$2.54B$2.54B$2.49B$2.31B$1.79B$1.83B$809.0M$868.6M
Total liabilities $4.79B$4.18B$4.10B$4.24B$4.49B$3.90B$3.24B$3.25B$3.31B$3.65B
Retained earnings $7.62B$6.90B$6.39B$5.72B$4.57B$4.01B$3.82B$3.88B$3.70B$3.05B
Total equity $3.24B$3.35B$4.57B$4.18B$3.71B$3.32B$3.50B$4.13B$4.58B$4.43B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $973.2M$932.1M$874.3M$1.05B$1.26B$1.01B$929.1M$1.14B$1.17B$1.05B
Stock-based compensation —$111.6M$112.1M$113.8M$126.7M$119.2M$90.4M———
Capital expenditure $6.1M$3.4M$12.4M$11.4M$8.4M$8.5M$9.6M$18.7M$18.5M$20.2M
Investing cash flow -$206.1M$379.1M$264.5M-$109.9M-$583.7M-$53.7M-$24.4M-$18.2M$13.8M-$1.33B
Financing cash flow -$1.15B-$1.18B-$758.3M-$1.40B-$798.3M-$455.4M-$934.7M-$983.1M-$1.19B$200.9M
Dividends paid $1.0M$1.4M$1.5M$1.6M$1.7M$16.8M$65.3M$64.4M$44.9M$0
Buybacks $706.3M$709.8M$341.9M$713.8M$595.3M$335.1M$356.1M$496.1M$351.3M$33.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-025798.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 2.2B Net income, FY2016: 472.8M Revenue, FY2017: 2.3B Net income, FY2017: 689.5M Revenue, FY2018: 2.4B Net income, FY2018: 243.6M Revenue, FY2019: 2.2B Net income, FY2019: 15.7M Revenue, FY2020: 2B Net income, FY2020: 202.2M Revenue, FY2021: 2.4B Net income, FY2021: 890.1M Revenue, FY2022: 2.3B Net income, FY2022: 1.4B Revenue, FY2023: 2.1B Net income, FY2023: 906.1M Revenue, FY2024: 2B Net income, FY2024: 740.6M Revenue, FY2025: 2.1B Net income, FY2025: 904M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.19B $2.31B $2.38B $2.24B $2.03B $2.41B $2.33B $2.06B $2.04B $2.07B
Gross profit — — — — — — — — — —
Net income $472.8M $689.5M $243.6M $15.7M $202.2M $890.1M $1.39B $906.1M $740.6M $904.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6282

TickerCompanyMarket capP/ERevenue growth
BX Blackstone Inc. $88.55B 30.5x 9.2%
KKR KKR & Co. Inc. $81.99B — -11.0%
APO Apollo Global Management, Inc. $66.63B 20.4x 22.7%
AMP AMERIPRISE FINANCIAL INC $43.48B 13.6x 5.5%
TROW PRICE T ROWE GROUP INC $22.23B 11.3x 3.1%
BEN FRANKLIN TEMPLETON INC $15.78B 34.1x 3.5%
CG Carlyle Group Inc. $13.75B 17.7x -11.9%
IVZ Invesco Ltd. $12.39B — 5.1%