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AAMIAcadian Asset Management
$72.20$2.6B
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AAMI logoAcadian Asset Management(AAMI)Earnings, Financials & Key Ratios

AAMI•NYSE
32.7× P/E·Price updated Jun 27, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryTraditional active asset managers
AboutAcadian Asset Management, Inc. is a holding company, which engages in the provision of asset management services. It operates through the Quant and Solutions segment. The Quant and Solutions segment involves leveraging data and technology in a computational, factor-based investment process across a range of asset classes and geographies, including Global, non-U.S., emerging markets, and managed volatility equities, as well as multi-asset products. The company was founded in 1980 and is headquartered in Boston, MA.Show more
  • EBITDA$179M+16.4%
  • Net Income$80M-5.9%
  • EPS (Diluted)2.21-0.5%
  • Gross Margin92.88%+96.3%
  • EBITDA Margin30.17%-0.9%
  • Operating Margin27.38%+2.2%
  • Net Margin13.46%-19.9%
  • ROE93.51%-24.9%

AAMI Key Insights

Acadian Asset Management (AAMI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 229.9%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 30.4% free cash flow margin
  • ✓Momentum leader: RS Rating 85 (top 15%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 5.6% through buybacks

✗Weaknesses

  • ✗High debt to equity ratio of 3.8x
  • ✗Profits declining 22.5% over 5 years
  • ✗Expensive at 31.1x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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AAMI Price & Volume

Acadian Asset Management (AAMI) stock price & volume — 10-year historical chart

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AAMI Growth Metrics

Acadian Asset Management (AAMI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-1.61%
5 Years3.54%
3 Years12.52%
TTM-

Profit CAGR

10 Years-6.43%
5 Years-22.53%
3 Years-7.35%
TTM-6.96%

EPS CAGR

10 Years5.53%
5 Years-8.79%
3 Years-1.75%
TTM-2.49%

Return on Capital

10 Years18.29%
5 Years24.61%
3 Years25.69%
Last Year31.86%

AAMI Recent Earnings

Acadian Asset Management (AAMI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$1.05+11.7%
$0.94
Rev
$165M+7.1%
$154M
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$1.32-4.3%
$1.38
Rev
$170M-9.4%
$187M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$0.76+4.1%
$0.73
Rev
$144M-22.0%
$185M
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$0.64+23.1%
$0.52
Rev
$140M-4.5%
$146M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$1.05vs $0.94+11.7%
$165Mvs $154M+7.1%
Q1 2026Feb 5, 2026
$1.32vs $1.38-4.3%
$170Mvs $187M-9.4%
Q4 2025Oct 30, 2025
$0.76vs $0.73+4.1%
$144Mvs $185M-22.0%
Q3 2025Jul 31, 2025
$0.64vs $0.52+23.1%
$140Mvs $146M-4.5%
Based on last 12 quarters of dataView full earnings history →

AAMI Peer Comparison

Acadian Asset Management (AAMI) competitors in Traditional active asset managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
AMG logoAMGAffiliated Managers Group, Inc.Direct Competitor9.03B341.9815.0419.83%31.89%17.07%0.61
VRTS logoVRTSVirtus Investment Partners, Inc.Direct Competitor986.15M147.587.39-8%14.61%11.15%2.74
DHIL logoDHILDiamond Hill Investment Group, Inc.Direct Competitor473.29M174.999.774.48%30.89%27.03%36.26
GROW logoGROWU.S. Global Investors, Inc.Direct Competitor39.81M3.14-125.60-23.05%29.15%6.96%0.00
CLSK logoCLSKCleanSpark, Inc.Direct Competitor4.19B16.3314.58102.21%-67.66%-29.93%0.38
BEN logoBENFranklin Resources, Inc.Product Competitor17.26B33.2136.493.45%8.99%5.64%0.94
IVZ logoIVZInvesco Ltd.Product Competitor11.62B26.15-16.345.11%-3.69%-1.74%0.78
APAM logoAPAMArtisan Partners Asset Management Inc.Product Competitor2.53B35.578.787.63%23.35%44.23%0.52

Compare AAMI vs Peers

Acadian Asset Management (AAMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AMG

Most directly comparable listed peer for AAMI.

Scale Benchmark

vs MS

Larger-name benchmark to compare AAMI against a more recognizable public peer.

Peer Set

Compare Top 5

vs AMG, VRTS, DHIL, GROW

AAMI Income Statement

Acadian Asset Management (AAMI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
---------641.5M
Revenue Growth %
----------
Cost of Goods Sold
---------0
COGS % of Revenue
----------
Gross Profit
202.2M▲ 0%
230.9M▲ 14.2%
345.7M▲ 49.7%
256.2M▼ 25.9%
239.2M▼ 6.6%
257.6M▲ 7.7%
205.9M▼ 20.1%
239.2M▲ 16.2%
552M▲ 130.8%
652.9M▲ 0%
Gross Margin %
22.79%24.88%58.14%51.29%45.67%61.75%48.27%47.31%92.88%101.78%
Gross Profit Growth %
-23.96%14.19%49.72%-25.89%-6.64%7.69%-20.07%16.17%130.77%-
Operating Expenses
131.2M147.1M123.5M124.5M93.4M89.7M99.9M103.7M389.3M480.1M
OpEx % of Revenue
14.78%15.85%20.77%24.92%17.83%21.5%23.42%20.51%65.51%-
Selling, General & Admin
112.9M126M107.1M88M71.2M71.1M82.6M85.2M92M69.7M
SG&A % of Revenue
12.72%13.57%18.01%17.62%13.59%17.04%19.36%16.85%15.48%-
Research & Development
---------0
R&D % of Revenue
----------
Other Operating Expenses
---------0
Operating Income
71M▲ 0%
83.8M▲ 18.0%
222.2M▲ 165.2%
131.7M▼ 40.7%
145.8M▲ 10.7%
167.9M▲ 15.2%
106M▼ 36.9%
135.5M▲ 27.8%
162.7M▲ 20.1%
172.8M▲ 0%
Operating Margin %
8%9.03%37.37%26.37%27.84%40.24%24.85%26.8%27.38%26.94%
Operating Income Growth %
-54.37%18.03%165.16%-40.73%10.71%15.16%-36.87%27.83%20.07%-
EBITDA
89.3M104.9M238.6M151.8M168M186.5M123.3M154M179.3M188.8M
EBITDA Margin %
10.06%11.3%40.13%30.39%32.07%44.7%28.9%30.46%30.17%29.43%
EBITDA Growth %
-46.72%17.47%127.45%-36.38%10.67%11.01%-33.89%24.9%16.43%16.11%
D&A (Non-Cash Add-back)
18.3M21.1M16.4M20.1M22.2M18.6M17.3M18.5M16.6M16M
EBIT
166.5M160.1M245.4M373.3M202.9M165.3M116.1M145.1M164.9M169M
Net Interest Income
-23.7M-21.7M-30M-27.9M-24.6M-19.7M-13.5M-15.9M-18.1M-17.8M
Interest Income
800K3.2M2.2M600K200K800K6.1M3.5M3.6M2.5M
Interest Expense
24.5M24.9M32.2M28.5M24.8M20.5M19.6M19.4M21.7M20.3M
Other Income/Expense
---------0
Pretax Income
142M▲ 0%
135.2M▼ 4.8%
213.2M▲ 57.7%
344.8M▲ 61.7%
178.1M▼ 48.3%
144.8M▼ 18.7%
96.5M▼ 33.4%
125.7M▲ 30.3%
143.2M▲ 13.9%
148.7M▲ 0%
Pretax Margin %
16%14.57%35.86%69.03%34%34.71%22.62%24.86%24.1%23.18%
Income Tax
132.8M5M10.5M97.1M50M44.2M29.4M38.9M36.6M41.5M
Effective Tax Rate %
93.52%3.7%4.92%28.16%28.07%30.52%30.47%30.95%25.56%27.91%
Net Income
4.2M▲ 0%
136.4M▲ 3147.6%
223.9M▲ 64.1%
286.7M▲ 28.0%
828.4M▲ 188.9%
100.6M▼ 87.9%
65.8M▼ 34.6%
85M▲ 29.2%
80M▼ 5.9%
84.2M▲ 0%
Net Margin %
0.47%14.7%37.66%57.4%158.15%24.11%15.42%16.81%13.46%13.13%
Net Income Growth %
-96.68%3147.62%64.15%28.05%188.94%-87.86%-34.59%29.18%-5.88%-6.96%
Net Income (Continuing)
9.2M130.2M202.7M247.7M128.1M100.6M67.1M86.8M106.6M107.2M
Discontinued Operations
-100K100K37.3M67.8M768.3M00000
Minority Interest
95.9M72.8M134M82M009.3M67.1M23.4M21.9M
EPS (Diluted)
0.04▲ 0%
1.26▲ 3409.7%
2.45▲ 94.4%
3.50▲ 42.9%
10.29▲ 194.0%
2.33▼ 77.4%
1.55▼ 33.5%
2.22▲ 43.2%
2.21▼ 0.5%
2.35▲ 0%
EPS Growth %
-96.58%3409.75%94.44%42.86%194%-77.36%-33.48%43.23%-0.45%-2.49%
EPS (Basic)
0.041.272.453.5310.732.391.592.252.21-
Diluted Shares Outstanding
111.4M107.6M91.3M82M80.49M43.16M42.54M38.33M36.2M35.8M
Basic Shares Outstanding
110.7M107.4M91.2M81.3M77.21M42.06M41.49M37.77M36.2M35.7M
Dividend Payout Ratio
923.81%31.16%16.08%3.8%0.35%1.19%3.04%1.76%1.88%-

AAMI Balance Sheet

Acadian Asset Management (AAMI) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
438.7M508.5M299.1M923.9M424.1M245.7M293.7M266.2M279.7M319M
Cash & Short-Term Investments
----------
Cash Only
----------
Short-Term Investments
----------
Accounts Receivable
----------
Days Sales Outstanding
----------
Inventory
----------
Days Inventory Outstanding
----------
Other Current Assets
14.1M4.9M9.7M442.7M012.8M800K3.7M00
Total Non-Current Assets
1.05B1.05B1.12B455.3M290.7M273M317.7M437M397.3M396.4M
Property, Plant & Equipment
41.7M49M103.5M141.4M115.3M107.6M101.4M88.2M47.6M46M
Fixed Asset Turnover
21.28x18.94x5.74x3.53x4.54x3.88x4.21x5.73x12.49x10.04x
Goodwill
274.6M274.6M274.6M20.3M20.3M20.3M20.3M20.3M00
Intangible Assets
78.3M71.7M65.1M0000000
Long-Term Investments
381.1M323.3M376.9M90M54.5M50.3M98.6M221.9M51.2M543.2M
Other Non-Current Assets
----------
Total Assets
1.49B▲ 0%
1.55B▲ 4.2%
1.42B▼ 8.6%
1.38B▼ 2.9%
714.8M▼ 48.2%
518.7M▼ 27.4%
611.4M▲ 17.9%
703.2M▲ 15.0%
677M▼ 3.7%
715.4M▲ 0%
Asset Turnover
0.59x0.60x0.42x0.36x0.73x0.80x0.70x0.72x0.88x0.91x
Asset Growth %
15.25%4.16%-8.62%-2.85%-48.17%-27.43%17.87%15.01%-3.73%63.35%
Total Current Liabilities
212.7M154M203.2M348.7M36.3M35.9M41.9M191.5M167.5M356.5M
Accounts Payable
7.7M22.1M12.9M6.7M5M5M8.8M7.2M167.5M54.5M
Days Payables Outstanding
----------
Short-Term Debt
00140M00009.5M0285M
Deferred Revenue (Current)
---------0
Other Current Liabilities
000313.3M000140.3M00
Current Ratio
2.06x3.30x1.47x2.65x11.68x6.84x7.01x1.39x1.67x0.89x
Quick Ratio
2.06x3.30x1.47x2.65x11.68x6.84x7.01x1.39x1.67x0.89x
Cash Conversion Cycle
----------
Total Non-Current Liabilities
1.11B1.22B1.02B646.1M696.1M504.4M520M424.6M425.5M259.5M
Long-Term Debt
426.3M393.3M428.8M394.3M394.9M273.5M273.9M274.3M261.4M0
Capital Lease Obligations
---------0
Deferred Tax Liabilities
---------0
Other Non-Current Liabilities
----------
Total Liabilities
1.32B1.38B1.22B994.8M732.4M540.3M561.9M616.1M593M616M
Total Debt
426.3M393.3M611.3M489.1M472.5M349.3M346.3M341.6M322.8M344.5M
Net Debt
240M52.7M500M117.8M220.4M240.9M199.5M246.8M221.6M215.5M
Debt / Equity
2.49x2.23x3.08x1.27x--7.00x3.92x3.84x3.47x
Debt / EBITDA
4.77x3.75x2.56x3.22x2.81x1.87x2.81x2.22x1.80x1.82x
Net Debt / EBITDA
2.69x0.50x2.10x0.78x1.31x1.29x1.62x1.60x1.24x1.14x
Interest Coverage
6.80x6.43x7.62x13.10x8.18x8.06x5.92x7.48x7.60x8.33x
Total Equity
171.3M▲ 0%
176.1M▲ 2.8%
198.4M▲ 12.7%
384.4M▲ 93.8%
-17.6M▼ 104.6%
-21.6M▼ 22.7%
49.5M▲ 329.2%
87.1M▲ 76.0%
84M▼ 3.6%
99.4M▲ 0%
Equity Growth %
0.47%2.8%12.66%93.75%-104.58%-22.73%329.17%75.96%-3.56%3595.08%
Book Value per Share
1.541.642.174.69-0.22-0.501.162.272.322.78
Total Shareholders' Equity
75.4M103.3M64.4M302.4M-17.6M-21.6M40.2M20M60.6M77.5M
Common Stock
100K100K100K100K000000
Retained Earnings
0-640.5M-452.5M-176.5M-6.8M-12.5M46.9M24.4M56.2M74.2M
Treasury Stock
0000000000
Accumulated OCI
-21.6M-20.9M-17.5M-13.6M-10.8M-10.6M-6.7M-4.4M3.4M3.3M
Minority Interest
95.9M72.8M134M82M009.3M67.1M23.4M21.9M

AAMI Cash Flow Statement

Acadian Asset Management (AAMI) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
225.5M192.9M-138.5M145.5M-11.5M116.8M68.3M55.8M192.6M4M
Operating CF Margin %
25.41%20.78%-23.29%29.13%-2.2%28%16.01%11.04%32.41%-
Operating CF Growth %
63.76%-14.46%-171.8%205.05%-107.9%1115.65%-41.52%-18.3%245.16%60.39%
Net Income
9.1M130.3M240M315.5M896.4M100.6M65.8M85M80M84.2M
Depreciation & Amortization
18.3M21.1M23.8M22.1M22.2M18.6M17.3M18.5M16.6M16M
Stock-Based Compensation
0000000000
Deferred Taxes
39.2M-44.8M25.8M73.2M-1.5M6.4M-6M-10.2M02M
Other Non-Cash Items
153.4M99.4M-95.4M-224.5M-734.6M-18.2M0-30.2M29.5M-180M
Working Capital Changes
5.5M-13.1M-332.7M-40.8M-194M9.4M-8.8M-7.3M66.5M57.2M
Change in Receivables
-77.1M57.3M-9.8M-3.4M-87.9M40.1M-24.2M-21.6M-13.8M-67.4M
Change in Inventory
0000000000
Change in Payables
17.4M-33.1M-58M-9.8M-153M2.7M5.2M-800K0117.6M
Cash from Investing
-31M19.6M9M366.7M1.04B-13M-43.9M-50.1M-38M-5.2M
Capital Expenditures
-13.7M-21.7M-33.9M-25.9M-15.1M-16.1M-13.8M-9.9M-11.9M-13.3M
CapEx % of Revenue
1.54%2.34%5.7%5.19%2.88%3.86%3.23%1.96%2%2.07%
Acquisitions
---------0
Investments
381.1M323.3M376.9M90M54.5M50.3M98.6M221.9M51.2M50.8M
Other Investing
003.9M94.8M1.67B012.5M010.4M60.2M
Cash from Financing
-96.4M-67.4M-95M-229.1M-1.18B-233.7M1.8M-54.4M-129.2M27.5M
Debt Issued (Net)
---------0
Equity Issued (Net)
-74.1M-71.2M-239.8M-46M-1.12B-103.2M-3.3M-96.6M-48.8M-35.7M
Dividends Paid
-38.8M-42.5M-36M-10.9M-2.9M-1.2M-2M-1.5M-1.5M-4.7M
Share Repurchases
-74.1M-71.2M-239.8M-46M-1.12B-103.2M-3.3M-96.7M-48.8M-35.7M
Other Financing
-17M84.3M5.8M2.8M-57.3M-3.2M7.5M43.9M-200K141.6M
Net Change in Cash
98.1M▲ 0%
145.1M▲ 47.9%
-224.5M▼ 254.7%
251.9M▲ 212.2%
-120.8M▼ 148.0%
-130.9M▼ 8.4%
26.4M▲ 120.2%
-49.1M▼ 286.0%
25.9M▲ 152.7%
26.8M▲ 0%
Free Cash Flow
211.8M▲ 0%
171.2M▼ 19.2%
-172.4M▼ 200.7%
64.6M▲ 137.5%
-26.6M▼ 141.2%
100.7M▲ 478.6%
54.5M▼ 45.9%
45.9M▼ 15.8%
180.7M▲ 293.7%
-9.3M▲ 0%
FCF Margin %
23.87%18.44%-28.99%12.93%-5.08%24.14%12.78%9.08%30.41%-1.45%
FCF Growth %
70.53%-19.17%-200.7%137.47%-141.18%478.57%-45.88%-15.78%293.68%-124.87%
FCF per Share
1.901.59-1.890.79-0.332.331.281.204.99-0.26
FCF Conversion (FCF/Net Income)
53.69x1.41x-0.62x0.51x-0.01x1.16x1.04x0.66x2.41x-0.11x
Interest Paid
22.1M22.2M28.4M24.3M19.6M16M15.5M15M07.8M
Taxes Paid
71.2M45.6M44.6M33.4M205M36.8M37.8M48.5M027.4M

AAMI Key Ratios

Acadian Asset Management (AAMI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
2.46%78.53%119.57%98.39%451.69%-471.68%124.45%93.51%88.26%
Return on Invested Capital (ROIC)
9.18%10.77%24.17%11.74%16.46%32.18%21.98%24.65%29.21%29.72%
Gross Margin
22.79%24.88%58.14%51.29%45.67%61.75%48.27%47.31%92.88%101.78%
Net Margin
0.47%14.7%37.66%57.4%158.15%24.11%15.42%16.81%13.46%13.13%
Debt / Equity
2.49x2.23x3.08x1.27x--7.00x3.92x3.84x3.47x
Interest Coverage
6.80x6.43x7.62x13.10x8.18x8.06x5.92x7.48x7.60x8.33x
FCF Conversion
53.69x1.41x-0.62x0.51x-0.01x1.16x1.04x0.66x2.41x-0.11x
Related:AAMI Dividend History·AAMI Revenue History·AAMI Price History·AAMI P/E History·AAMI Financial Ratios·AAMI Institutional Holders

AAMI Frequently Asked Questions

Acadian Asset Management (AAMI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Acadian Asset Management (AAMI) reported $641.5M in revenue for fiscal year 2025.

Acadian Asset Management (AAMI) grew revenue by 17.5% over the past year. This is strong growth.

Yes, Acadian Asset Management (AAMI) is profitable, generating $84.2M in net income for fiscal year 2025 (13.5% net margin).

Dividend & Returns

Acadian Asset Management (AAMI) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Acadian Asset Management (AAMI) has a return on equity (ROE) of 93.5%. This is excellent, indicating efficient use of shareholder capital.

Acadian Asset Management (AAMI) had negative free cash flow of $9.3M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in AAMI back in 2014?

Total return calculator · dividends reinvested · 12+ years of data

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How much would $100/month in AAMI be worth today?

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