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Affiliated Managers Group, Inc.(MGRB)Earnings, Financials & Key Ratios
MGRB•NYSE
$16.40
0.7× 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$948M+26.5%
- Net Income$717M+40.1%
- EPS (Diluted)22.74+50.3%
- Gross Margin86.04%+56.0%
- EBITDA Margin38.74%+5.6%
- Operating Margin31.76%-8.3%
- Net Margin29.3%+16.9%
- ROE15.8%+48.4%
MGRB Price & Volume
Affiliated Managers Group, Inc. (MGRB) stock price & volume — 10-year historical chart
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Cyclical Fee Volatility Masks Underlying Cash Generation
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Robust
Primary Risk:Active management fee compression
Key Thesis Takeaways
- Affiliated Managers Group maintains a unique decentralized boutique model that generates robust free cash flow, yet the firm faces significant earnings volatility tied to performance-based fee structures.
- While the company aggressively utilizes capital for share repurchases, such as the $353.1 million outlay in 2025Q4, investors should monitor the sustainability of these returns against the backdrop of a declining current ratio, which fell to 1.14 in 2026Q1.
- The firm's reliance on $2.5 billion in goodwill necessitates ongoing scrutiny of affiliate performance to ensure long-term asset valuation integrity.
Verdict Logic
while the current P/E of 0.72 suggests deep value, the volatility in quarterly net income, which swung from $72.4 million to $347.6 million in 2025, warrants a cautious approach regarding long-term fee sustainability.
MGRB Growth Metrics
Affiliated Managers Group, Inc. (MGRB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-0.16%
5 Years3.82%
3 Years1.63%
TTM-
Profit CAGR
10 Years3.47%
5 Years28.8%
3 Years-14.48%
TTM73.85%
EPS CAGR
10 Years9.38%
5 Years39.34%
3 Years-3.56%
TTM94.03%
Return on Capital
10 Years10.23%
5 Years9.86%
3 Years8.9%
Last Year9.36%
MGRB Recent Earnings
Affiliated Managers Group, Inc. (MGRB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/10 qtrs (40%)●Beat Revenue 0/10 qtrs (0%)
Q2 2026Latest
May 4, 2026Metric
Actual
Est
EPS
$4.12-49.4%
$8.15
Rev
—
$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
$2.61-50.7%
$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% | —vs $545M |
| 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 | $2.61vs $5.29-50.7% | $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. (MGRB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $16.40 | $437.63M | 0.72 | 19.83% | 29.3% | 15.8% | 0.18% | |
| $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% | — | |
| $14.38 | $753.55M | -1.58 | -6.39% | -103.77% | -38.83% | — | |
| $174.99 | $473.29M | 9.77 | 4.48% | 30.89% | 27.03% | — |
Compare MGRB vs Peers
Affiliated Managers Group, Inc. (MGRB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MGRB SEC Filings & Documents
Affiliated Managers Group, Inc. (MGRB) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MGRB Frequently Asked Questions
Affiliated Managers Group, Inc. (MGRB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Affiliated Managers Group, Inc.'s revenue?
Affiliated Managers Group, Inc. (MGRB) reported $2.37B in revenue for fiscal year 2025.
How fast is Affiliated Managers Group, Inc. growing?
Affiliated Managers Group, Inc. (MGRB) grew revenue by 19.8% over the past year. This is strong growth.
Is MGRB profitable?
Yes, Affiliated Managers Group, Inc. (MGRB) is profitable, generating $754.7M in net income for fiscal year 2025 (29.3% net margin).
Dividend & Returns
Does MGRB pay dividends?
Yes, Affiliated Managers Group, Inc. (MGRB) pays a dividend with a yield of 0.18%. This makes it attractive for income-focused investors.
What is MGRB's return on equity?
Affiliated Managers Group, Inc. (MGRB) 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. (MGRB) generated $1.07B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.