Affiliated Managers Group, Inc. logo AMG - Affiliated Managers Group, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $402.50 DETAILS
HIGH: $405.00
LOW: $400.00
MEDIAN: $402.50
CONSENSUS: $402.50
UPSIDE: 31.46%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue
Revenue 2,445.7 2,040.9 2,057.8 2,329.6 2,412.4 2,027.5 2,239.6 2,378.4 2,305 2,194.6 2,484.5 2,510.9 2,188.8 1,805.5 1,704.8 1,358.2 841.8 1,158.2 1,369.9 1,170.4 916.5 660.0 495.0 482.5 408.2 458.7 518.7 238.5 95.3 50.4
Cost of Revenue 341.4 915.3 907.5 1,071.5 1,047.1 883.7 943 987.2 979 932.4 1,027.7 1,030.5 947.5 784.7 718.8 594.5 402.6 516.9 579.4 472.4 21.5 16.7 16.1 16.0 11.1 185.0 226.7 6.3 45.2 2.3
Gross Profit 2,104.3 1,125.6 1,150.3 1,258.1 1,365.3 1,143.8 1,296.6 1,391.2 1,326 1,262.2 1,456.8 1,480.4 1,241.3 1,020.8 986 763.7 439.3 641.3 790.5 698.0 895.0 643.3 479.0 466.6 397.1 273.7 292 232.2 50.1 48.1
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 408.6 376.5 358.2 385.5 347.1 321.4 376.8 417.7 373.1 398.1 443.8 485.5 427.2 366.9 350.8 284.6 126.8 209.6 216.8 207.9 528.0 350.7 259.1 250.4 208.7 68.2 53.3 119.3 18.9 32
Other Expenses 918.9 42.4 61.3 67.4 52.3 159.6 165.8 206.5 (155) 158.8 (110.9) 179.7 180 253.5 149.1 105.1 72.6 73.1 238.7 36.1 31.9 24.7 22.4 20.4 34.1 31.0 26.1 20.1 8.6 9
Operating Expenses 1,327.5 418.9 419.5 452.9 399.4 481 542.6 624.2 218.1 556.9 332.9 665.2 607.2 620.4 499.9 389.7 199.4 282.7 455.4 244.0 559.9 375.4 281.5 270.7 242.8 99.2 79.4 139.4 27.5 41
Operating Income
Operating Income 776.8 706.7 730.8 805.2 965.9 662.8 754 767 1,107.9 705.3 1,123.9 815.2 634.1 400.4 486.1 374 239.8 358.6 335.1 453.9 335.1 267.9 197.5 195.8 154.3 174.4 212.6 92.8 22.6 7.1
Interest Expense 136.5 133.3 123.8 114.4 111.4 92.3 76.2 80.6 87.8 91.7 88.9 106.7 119 83 101.1 91.1 78.1 81.4 76.9 58.8 37.4 31.7 23.0 25.2 0 0 0 0 0 0
Interest Income 83.1 0 0 0 0 0 0 0 0 0 40.3 0 0 26.1 0 22.9 24.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,493.5 1,098.9 1,276.5 1,928.2 1,304.8 760.3 550 931 1,261.6 1,196 1,313.7 1,259.3 1,124.9 792.3 666.5 544 369.5 271.6 380.4 492.9 370.0 296.2 223.2 219.8 192.8 205.5 238.7 112.9 31.2 16.1
EBIT 1,322.8 1,056.5 1,215.2 1,860.8 1,252.5 600.7 384.2 794.2 1,154.9 1,066.3 1,179.5 1,120.2 982.7 578.2 553.8 469.9 323.8 225.0 335.1 453.9 335.1 267.9 197.5 195.8 154.3 174.4 212.6 92.8 22.6 7.1
Income Before Tax 1,186.3 923.2 1,091.4 1,746.4 1,141.1 508.4 308 713.6 1,067.1 974.6 1,090.6 1,013.5 863.7 495.2 452.7 378.8 245.7 143.5 288.8 237.9 189.7 129.1 101.8 93.2 83.3 95.6 128.9 42.6 3 (1.2)
Income Tax Expense 282.3 182.6 185.3 358.3 251 81.4 2.9 181.3 58.4 235.6 263.4 227.9 194.1 83.8 93.1 91.5 32.8 11.6 106.9 86.6 70.6 51.9 41.3 37.3 33.3 39.0 56.7 17 1.4 0.2
Net Income 716.6 511.6 672.9 1,145.9 565.7 202.2 15.7 243.6 689.5 472.8 509.5 433.9 360.5 174 164.9 138.6 59.5 (1.3) 182.0 151.3 119.1 77.1 60.5 55.9 50.0 56.7 72.2 25.6 (8.4) (2.4)
Per Share Data
EPS (Basic) 25.18 16.45 19.18 29.77 13.65 4.34 0.31 4.54 12.30 8.73 9.49 8.22 6.79 3.36 3.18 2.92 1.44 -0.03 6.18 4.83 3.54 2.57 1.27 1.69 1.51 1.69 2.17 0.97 -0.60 -0.16
EPS (Diluted) 22.74 15.13 17.42 25.35 13.05 4.33 0.31 4.52 12.03 8.57 9.28 8.01 6.55 3.28 3.11 2.81 1.38 -0.03 4.55 3.74 2.81 2.02 1.05 1.65 1.47 1.66 2.12 0.55 -0.60 -0.16
Shares Outstanding 28.5 31.1 35.1 38.5 41.5 46.5 50.5 53.6 56 54.2 54.3 55 53.1 51.7 51.8 47.4 41.4 38.2 29.5 31.3 33.7 30.0 47.8 33.0 33.2 33.5 33.3 26.4 14.1 15.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996
Current Assets
Cash & Cash Equivalents 586 950 813.6 429.2 908.5 1,039.7 539.6 565.5 439.5 430.8 259.5 396.4 140.3 253.3 27.7 73.4 31.6 53.9 23.7 22.8 6.8
Short-Term Investments 0 56.6 461 716.9 78.5 74.9 59.4 119.3 77.8 122.4 150.5 79.2 21.2 0 0 0 0 0 0 0 0
Net Receivables 496.2 409.7 368.4 316 419.2 421.6 417.1 400.6 433.8 383.3 140.1 131.1 91.5 65.3 50.8 57.1 66.1 239.4 66.9 27.1 15.5
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 61.8 9.5 15.4 6.7 5.1 2.2 0.8
Total Current Assets 1,082.2 1,416.3 1,643 1,462.1 1,406.2 1,536.2 1,016.1 1,085.4 951.1 936.5 585.6 630.7 277.7 339.5 89.5 140.0 113.2 300.0 95.8 52.1 23.1
Non-Current Assets
Property, Plant & Equipment 54.4 57.6 67.3 68.5 73.9 79.6 92.3 104.3 111 110.1 62.4 71.8 41.0 36.9 19.2 17.8 15.3 12.3 8.0 4.7 3
Goodwill 2,531.2 2,504.9 2,523.6 2,648.7 2,689.2 2,661.4 2,651.7 2,633.4 2,662.5 2,628.1 1,413.2 1,243.6 0 0 0 0 0 0 0 0 0
Intangible Assets 1,639.3 1,777.8 1,812.4 1,876 1,966.4 1,048.8 1,182 1,309.9 1,449.7 1,497.4 571.6 491.4 91.5 751.6 739.1 655.3 444.1 385.4 321.4 249.7 40.8
Long-Term Investments 3,582 2,785.6 2,769.4 2,561.1 2,509.6 2,332 2,407.4 2,992.1 3,469.7 3,515.8 658.3 678.9 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 318.3 288.7 243.9 264.6 231.1 230.9 304 94 58.1 61.2 99.8 96.3 726.2 391.2 395.2 347.2 221.1 211.4 179.6 150.5 34.4
Total Non-Current Assets 8,125.2 7,414.6 7,416.6 7,418.9 7,470.2 6,352.7 6,637.4 7,133.7 7,751 7,812.6 2,805.3 2,582.0 1,655.7 1,179.7 1,153.5 1,020.3 680.5 609.1 509.5 404.9 78.2
Total Assets 9,207.4 8,830.9 9,059.6 8,881 8,876.4 7,888.9 7,653.5 8,219.1 8,702.1 8,749.1 3,390.9 3,246.4 1,933.4 1,519.2 1,243.0 1,160.3 793.7 909.1 605.3 457 101.3
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 5.1 8.9 8.2 3.5 81.4 67.1 86.8 170.3 42.6 18.8 0.4
Short-Term Debt 0 0 0 0 0 0 449.7 779.7 0 0 0 0 17.7 11.7 12.3 252.9 0 0 22 0 7.4
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 1.3 0 0 0 0 0 0 0
Other Current Liabilities 0 322.3 247 378.7 545.5 400 (28.2) (359.4) 472.5 418.5 0 26.2 0 14.3 0 0 0 0 0 0 15.8
Total Current Liabilities 0 639.1 628.5 778.3 789.1 712.4 634.6 746.6 807.2 729.3 227.1 210.0 132.1 101.5 93.8 320.0 86.8 170.3 64.6 18.8 23.6
Non-Current Liabilities
Long-Term Debt 2,691.3 2,620.2 2,537.5 2,535.3 2,490.4 2,312.1 1,793.8 1,829.6 1,854.7 2,109.6 457.0 233.5 850.7 423.3 459.0 200 151.8 175.3 191.3 159.5 33.4
Deferred Tax Liabilities 533.1 520.5 463.8 464.7 503.2 423.4 450.2 511.6 467.4 660.8 0 0 124.2 0 0 38.1 31.9 25.3 0 0 0
Other Non-Current Liabilities 1,560.9 402.4 466.3 461.7 709.2 452.2 359.1 162.7 182.4 149.4 533.4 1,278.7 31.4 246.1 26.2 23.8 2.6 1.3 11.6 2.5 3.8
Total Non-Current Liabilities 4,785.3 3,543.1 3,467.6 3,461.7 3,702.8 3,187.7 2,603.1 2,503.9 2,504.5 2,919.8 1,313.1 1,831.7 1,006.3 762.2 546.9 261.9 186.3 202.0 202.9 162 37.2
Total Liabilities 4,785.3 4,182.2 4,096.1 4,240 4,491.9 3,900.1 3,237.7 3,250.5 3,311.7 3,649.1 1,540.2 1,942.9 1,138.4 863.6 640.6 581.9 273.1 372.3 267.5 180.8 60.8
Stockholders' Equity
Common Stock 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.4 0.2 0.2 0.2 0.2 0.2 0.2 0 0
Retained Earnings 7,615.4 6,899.8 6,389.6 5,718.2 4,569.5 4,005.5 3,819.8 3,876.8 3,698.5 3,054.4 873.1 859.6 384.1 307.0 246.4 190.5 140.5 83.9 11.7 (13.9) (5.5)
Accumulated Other Comprehensive Income (106.8) (163.6) (167.6) (203.4) (87.9) (98.3) (108.8) (109) (21.8) (122.9) 46.0 (4.1) 1.5 0.9 (0.2) (0.8) (0.3) (0.1) 31.0 (7.4) 0
Total Stockholders' Equity 3,238.4 3,345.3 3,587.9 3,230.3 2,786.4 2,779.7 2,937.5 3,457.4 3,822.2 3,619.6 1,109.7 1,092.6 707.7 614.8 571.9 543.3 493.9 478.0 313.7 259.7 37
Total Liabilities & Equity 9,207.4 8,830.9 9,059.6 8,881 8,876.4 7,888.9 7,653.5 8,219.1 8,702.1 8,749.1 3,390.9 3,246.4 1,933.4 1,519.2 1,243.0 1,160.3 793.7 909.1 605.3 457 101.3
Debt Metrics
Total Debt 2,691.3 2,620.2 2,537.5 2,535.3 2,490.4 2,312.1 2,243.5 2,609.3 1,854.7 2,109.6 457.0 233.5 868.4 435.1 471.4 452.9 151.8 175.3 213.3 159.5 40.8
Net Debt 2,105.3 1,670.2 1,723.9 2,106.1 1,581.9 1,272.4 1,703.9 2,043.8 1,415.2 1,678.8 197.5 (162.9) 728.2 181.8 443.7 379.5 120.2 121.4 189.6 136.7 34
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Operating Activities
Net Income 716.6 740.6 906.1 1,388.1 890.1 427 305.1 532.3 1,008.7 739 119.1 77.1 60.5 55.9 50.0 56.7 72.2 25.6 1.6 (1.4)
Depreciation & Amortization 170.7 42.4 61.3 67.4 52.3 159.6 165.8 136.8 106.7 129.7 34.9 28.3 25.7 24.0 38.5 31.0 26.1 20.1 8.6 9
Stock-Based Compensation 202.8 111.6 112.1 113.8 126.7 119.2 90.4 101.1 90.4 80.4 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 53.8 (56.8) (228.6) 138.5 120 10 (123.3) (4.1) (8.9) 43.8 15.2 30.4 (4.0) 23.5 2.2 59.5 (24.3) (10.7) 4.9 (4.2)
Other Non-Cash Items (666.1) 62.9 (8) (685.1) (21.1) 266.7 546.9 322.6 97.1 (1.9) 3.2 10.4 3.2 0.7 (0.2) 0 0.2 0 0.1 3
Operating Cash Flow 1,010.9 932.1 874.3 1,054.7 1,259.2 1,009.3 929.1 1,140.6 1,170.4 1,050.3 204.1 177.9 116.5 127.3 96.2 153.7 89.1 45.4 16.2 6.2
Investing Activities
Capital Expenditure (6.1) (3.4) (12.4) (11.4) (8.4) (8.5) (9.6) (18.7) (18.5) (20.2) (14.5) (7.0) (23.9) (6.2) (7.2) (6.2) (6.1) (4.3) (1.6) (0.9)
Acquisitions (362.4) (5.2) 0.2 (66.7) (558.2) (44.5) (44.6) 0 (30.6) (1,361.3) 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (204.4) (510.4) (731.1) (312) (73.5) (47.7) (85.4) (40.8) (37.2) (16) (6.4) (511.2) (20.9) (136.5) (336.0) (104.4) (103.5) (66.6) (325.9) (25.6)
Sales/Maturities of Investments 338.9 898.1 1,008.5 280.2 56.4 47 72.9 48.6 100.1 65.3 24.1 40.0 0 0 0 0 0 0 0.2 0.6
Other Investing Activities (9.8) 0 (0.7) 0 0 0 42.3 (7.3) 0 0 (85.2) (0.1) (0.0) 3.7 (0.5) (1.1) (3.3) (1.8) 0 (3.3)
Investing Cash Flow (243.8) 379.1 264.5 (109.9) (583.7) (53.7) (24.4) (18.2) 13.8 (1,332.2) (82.0) (478.3) (44.8) (138.9) (343.7) (111.7) (112.9) (72.7) (327.3) (29.2)
Financing Activities
Net Debt Issuance 73.2 97.6 0 (60.8) 167 524.8 (39.3) (30.6) (260) 225 (52.2) 212.2 183.9 (37.2) (126) (23.5) (38) 31 168.9 13.2
Stock Repurchased (706.3) (816.3) (409.3) (775.3) (745.8) (650.2) (502.1) (505.8) (393.2) (33.4) (82.3) (194.4) (33.7) (30.4) (9.1) (48.9) (9.3) (2.6) (60) 0
Dividends Paid (1) (1.4) (1.5) (1.6) (1.7) (16.8) (65.3) (64.4) (44.9) 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (514.6) (462.1) (360.9) (580.4) (335.5) (333.4) (338.5) (392) (533.5) (456.5) (16.7) (12.8) (7.8) 33.5 424.4 8.4 101.3 (0.2) 0 2.5
Financing Cash Flow (1,148.7) (1,175.9) (758.3) (1,402.9) (798.3) (455.4) (934.7) (983.1) (1,189.7) 200.9 (122.3) 215.2 153.7 (34.2) 289.3 (64.0) 54 28.2 327.1 15.7
Cash Position
Net Change in Cash (364) 136.4 384.4 (479.3) (131.2) 500.1 (25.9) 126 8.7 (133) 0.1 (84.0) 225.6 (45.7) 41.8 (22.3) 30.2 0.9 16 (14.1)
Cash at Beginning 950 813.6 429.2 908.5 1,039.7 539.6 565.5 439.5 430.8 563.8 140.3 224.3 27.7 73.4 31.6 53.9 23.7 22.8 6.8 14.1
Cash at End 586 950 813.6 429.2 908.5 1,039.7 539.6 565.5 439.5 430.8 140.4 140.3 253.3 27.7 73.4 31.6 53.9 23.7 22.8 0
Free Cash Flow 1,004.8 928.7 861.9 1,043.3 1,250.8 1,000.8 919.5 1,121.9 1,151.9 1,030.1 189.6 170.9 92.6 121.1 88.9 147.5 83 41.1 14.6 5.3
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Income Statement
Revenue 2,445.7 2,040.9 2,057.8 2,329.6 2,412.4 2,027.5 2,239.6 2,378.4 2,305 2,194.6 2,484.5 2,510.9 2,188.8 1,805.5 1,704.8 1,358.2 841.8 1,158.2 1,369.9 1,170.4 916.5 660.0 495.0 482.5 408.2 458.7 518.7 238.5 95.3 50.4
Gross Profit 2,104.3 1,125.6 1,150.3 1,258.1 1,365.3 1,143.8 1,296.6 1,391.2 1,326 1,262.2 1,456.8 1,480.4 1,241.3 1,020.8 986 763.7 439.3 641.3 790.5 698.0 895.0 643.3 479.0 466.6 397.1 273.7 292 232.2 50.1 48.1
Operating Income 776.8 706.7 730.8 805.2 965.9 662.8 754 767 1,107.9 705.3 1,123.9 815.2 634.1 400.4 486.1 374 239.8 358.6 335.1 453.9 335.1 267.9 197.5 195.8 154.3 174.4 212.6 92.8 22.6 7.1
Net Income 716.6 511.6 672.9 1,145.9 565.7 202.2 15.7 243.6 689.5 472.8 509.5 433.9 360.5 174 164.9 138.6 59.5 (1.3) 182.0 151.3 119.1 77.1 60.5 55.9 50.0 56.7 72.2 25.6 (8.4) (2.4)
EPS (Diluted) 22.74 15.13 17.42 25.35 13.05 4.33 0.31 4.52 12.03 8.57 9.28 8.01 6.55 3.28 3.11 2.81 1.38 -0.03 4.55 3.74 2.81 2.02 1.05 1.65 1.47 1.66 2.12 0.55 -0.60 -0.16
Balance Sheet
Cash & Equivalents 586 950 813.6 429.2 908.5 1,039.7 539.6 565.5 439.5 430.8 259.5 396.4 140.3 253.3 27.7 73.4 31.6 53.9 23.7 22.8 6.8
Total Assets 9,207.4 8,830.9 9,059.6 8,881 8,876.4 7,888.9 7,653.5 8,219.1 8,702.1 8,749.1 3,390.9 3,246.4 1,933.4 1,519.2 1,243.0 1,160.3 793.7 909.1 605.3 457 101.3
Total Debt 2,691.3 2,620.2 2,537.5 2,535.3 2,490.4 2,312.1 2,243.5 2,609.3 1,854.7 2,109.6 457.0 233.5 868.4 435.1 471.4 452.9 151.8 175.3 213.3 159.5 40.8
Stockholders' Equity 3,238.4 3,345.3 3,587.9 3,230.3 2,786.4 2,779.7 2,937.5 3,457.4 3,822.2 3,619.6 1,109.7 1,092.6 707.7 614.8 571.9 543.3 493.9 478.0 313.7 259.7 37
Cash Flow
Operating Cash Flow 1,010.9 932.1 874.3 1,054.7 1,259.2 1,009.3 929.1 1,140.6 1,170.4 1,050.3 204.1 177.9 116.5 127.3 96.2 153.7 89.1 45.4 16.2 6.2
Capital Expenditure (6.1) (3.4) (12.4) (11.4) (8.4) (8.5) (9.6) (18.7) (18.5) (20.2) (14.5) (7.0) (23.9) (6.2) (7.2) (6.2) (6.1) (4.3) (1.6) (0.9)
Free Cash Flow 1,004.8 928.7 861.9 1,043.3 1,250.8 1,000.8 919.5 1,121.9 1,151.9 1,030.1 189.6 170.9 92.6 121.1 88.9 147.5 83 41.1 14.6 5.3