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Affiliated Managers Group, Inc.(MGR)Earnings, Financials & Key Ratios
MGR•NYSE
$20.03
0.9× P/E·Price updated Jul 6, 2026
SectorFinancial ServicesIndustryInvestment BankingSub-IndustryAsset and Alternative Investment Management
AboutAffiliated Managers Group, Inc. engages in the provision of investment management services. It offers strategies across a range of return-oriented asset classes and product structures. The company was founded by William J. Nutt in December 1993 and is headquartered in West Palm Beach, FL.Show more
- EBITDA$1.04B+30.8%
- Net Income$717M+40.1%
- EPS (Diluted)23.09+52.8%
- Gross Margin62%+12.4%
- EBITDA Margin44.66%+15.2%
- Operating Margin33.99%-7.4%
- Net Margin30.92%+23.3%
- ROE15.8%+48.5%
MGR Price & Volume
Affiliated Managers Group, Inc. (MGR) stock price & volume — 10-year historical chart
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Market Sensitivity Drives Volatile Boutique Asset Performance
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Market Beta Sensitivity
Key Thesis Takeaways
- Affiliated Managers Group operates a decentralized boutique model that remains highly tethered to market-driven asset valuations, resulting in significant revenue fluctuations like the peak of $800.4M in 2025Q4.
- While the firm maintains a conservative balance sheet with a 0.61 debt-to-equity ratio, the reliance on performance fees and the $2.5B goodwill concentration pose persistent risks to long-term earnings stability.
- Investors should monitor the firm's aggressive capital return strategy, which saw $353.1M in share repurchases during 2025Q4, as it balances the need for external growth against the volatility of its internal cash-generating capacity.
Verdict Logic
while the current P/E ratio of 0.87 suggests potential undervaluation, the extreme volatility in free cash flow margins and the reliance on market-sensitive performance fees warrant a cautious approach until organic growth stabilizes.
MGR Growth Metrics
Affiliated Managers Group, Inc. (MGR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-0.73%
5 Years2.72%
3 Years-0.16%
TTM-
Profit CAGR
10 Years3.47%
5 Years28.8%
3 Years-14.48%
TTM82.15%
EPS CAGR
10 Years9.99%
5 Years39.76%
3 Years-3.08%
TTM94.11%
Return on Capital
10 Years12.41%
5 Years9.98%
3 Years8.82%
Last Year8.74%
MGR Recent Earnings
Affiliated Managers Group, Inc. (MGR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/10 qtrs (40%)●Beat Revenue 1/10 qtrs (20%)
Q2 2026Latest
May 4, 2026Metric
Actual
Est
EPS
$4.12-49.4%
$8.15
Rev
$545M+0.1%
$545M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$9.48+7.0%
$8.86
Rev
$557M-3.8%
$579M
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$6.44+9.3%
$5.89
Rev
$528M-3.1%
$545M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$2.68-49.3%
$5.29
Rev
$493M-2.6%
$506M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $4.12vs $8.15-49.4% | $545Mvs $545M+0.1% |
| Q1 2026 | Feb 12, 2026 | $9.48vs $8.86+7.0% | $557Mvs $579M-3.8% |
| Q4 2025 | Nov 3, 2025 | $6.44vs $5.89+9.3% | $528Mvs $545M-3.1% |
| Q3 2025 | Jul 31, 2025 | $2.68vs $5.29-49.3% | $493Mvs $506M-2.6% |
Based on last 10 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Affiliated Managers Group, Inc. (MGR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $20.03 | $550.83M | 0.87 | 13.59% | 30.92% | 15.8% | 0.16% | |
| $34.44 | $17.9B | 37.85 | 3.45% | 8.99% | 5.64% | — | |
| $27.83 | $12.37B | -17.39 | 5.11% | -3.69% | -1.74% | — | |
| $154.79 | $1.03B | 7.75 | -8% | 14.61% | 11.15% | — | |
| $174.99 | $473.29M | 9.77 | 4.48% | 30.89% | 27.03% | — | |
| $14.38 | $753.55M | -1.58 | -6.39% | -103.77% | -38.83% | — |
Compare MGR vs Peers
Affiliated Managers Group, Inc. (MGR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MGR SEC Filings & Documents
Affiliated Managers Group, Inc. (MGR) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MGR Frequently Asked Questions
Affiliated Managers Group, Inc. (MGR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Affiliated Managers Group, Inc.'s revenue?
Affiliated Managers Group, Inc. (MGR) reported $2.37B in revenue for fiscal year 2025.
How fast is Affiliated Managers Group, Inc. growing?
Affiliated Managers Group, Inc. (MGR) grew revenue by 13.6% over the past year. This is steady growth.
Is MGR profitable?
Yes, Affiliated Managers Group, Inc. (MGR) is profitable, generating $790.7M in net income for fiscal year 2025 (30.9% net margin).
Dividend & Returns
Does MGR pay dividends?
Yes, Affiliated Managers Group, Inc. (MGR) pays a dividend with a yield of 0.16%. This makes it attractive for income-focused investors.
What is MGR's return on equity?
Affiliated Managers Group, Inc. (MGR) has a return on equity (ROE) of 15.8%. This is reasonable for most industries.
What is Affiliated Managers Group, Inc.'s free cash flow?
Affiliated Managers Group, Inc. (MGR) generated $789.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.