Last 47 quarters of trend data · Financial Services · Asset Management
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Affiliated Managers Group, Inc.'s quarterly P/E stands at 6.4x, down 37.4% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 33.0% YoY to 7.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 13.09 | 6.43 | 8.68 | 17.57 | 19.09 | 10.27 | 11.76 | 17.28 | 10.11 | 7.35 | 5.96 | 11.53 | 10.26 |
| — | -37.4% | -26.2% | +1.7% | +88.8% | +39.8% | +97.4% | +49.9% | -1.4% | +222.9% | -40.3% | +6.0% | +0.2% | |
| P/S Ratio | 3.25 | 2.84 | 3.73 | 3.22 | 2.76 | 3.17 | 3.01 | 2.76 | 3.36 | 3.11 | 2.69 | 3.08 | 2.75 |
| — | -10.6% | +23.7% | +16.9% | -17.9% | +2.0% | +11.9% | -10.5% | +22.3% | -7.9% | +28.1% | +43.4% | -14.0% | |
| P/B Ratio | 2.22 | 2.05 | 1.73 | 1.42 | 1.23 | 1.43 | 1.33 | 1.19 | 1.37 | 1.26 | 1.16 | 1.30 | 1.20 |
| — | +43.4% | +30.1% | +19.9% | -10.2% | +13.7% | +15.3% | -8.6% | +14.3% | -19.8% | -1.7% | +4.7% | -23.5% | |
| P/FCF | 7.91 | 8.55 | 7.13 | 6.93 | 6.61 | 7.87 | 5.88 | 5.64 | 8.06 | 6.28 | 4.85 | 17.81 | 6.10 |
| — | +8.7% | +21.2% | +22.9% | -18.1% | +25.4% | +21.2% | -68.3% | +32.2% | -12.2% | +14.9% | +392.9% | -47.8% | |
| EV / EBITDA | 10.61 | 7.45 | 14.02 | 16.10 | 10.61 | 11.13 | 9.86 | 9.17 | 12.58 | 11.51 | 8.09 | 10.16 | 9.33 |
| — | -33.0% | +42.2% | +75.6% | -15.7% | -3.3% | +21.9% | -9.7% | +35.0% | -23.8% | +1.0% | +38.6% | -15.0% | |
| EV / EBIT | 12.94 | 4.99 | 6.17 | 10.45 | 11.33 | 6.74 | 7.78 | 8.47 | 7.44 | 6.53 | 4.56 | 8.03 | 6.99 |
| — | -26.0% | -20.7% | +23.4% | +52.4% | +3.2% | +70.7% | +5.5% | +6.3% | +202.6% | -38.3% | +8.0% | -15.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Affiliated Managers Group, Inc.'s operating margin was 38.5% in Q4 2025, up 7.3 pp QoQ and up 5.0 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 28.1% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 53.0% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 86.0% | 83.3% | 52.0% | 46.5% | 53.6% | 54.5% | 57.2% | 57.0% | 51.9% | 51.4% | 59.7% | 55.3% | 57.0% |
| — | +53.0% | -9.2% | -18.3% | +3.3% | +6.0% | -4.1% | +2.9% | -9.0% | +4.5% | +13.3% | -0.5% | 0.0% | |
| Operating Margin | 31.8% | 38.5% | 31.3% | 25.3% | 17.2% | 33.5% | 36.4% | 37.0% | 31.5% | 31.7% | 39.4% | 35.6% | 35.1% |
| — | +14.9% | -14.1% | -31.5% | -45.4% | +5.7% | -7.5% | +3.9% | -10.3% | +23.0% | +17.8% | -4.6% | 0.0% | |
| Net Margin | 29.3% | 43.4% | 40.2% | 17.1% | 14.6% | 30.9% | 23.9% | 15.2% | 30.0% | 39.0% | 41.3% | 24.4% | 26.0% |
| — | +40.5% | +68.1% | +12.5% | -51.3% | -20.8% | -42.1% | -37.9% | +15.3% | -72.9% | +112.3% | +35.0% | 0.0% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.8% | 7.8% | 4.7% | 1.9% | 1.6% | 3.5% | 2.7% | 1.6% | 3.0% | 4.0% | 4.4% | 2.6% | 2.9% |
| — | +123.0% | +77.8% | +18.7% | -47.6% | -12.5% | -40.3% | -39.0% | +5.9% | -77.5% | +64.5% | +0.3% | -8.3% | |
| ROA | 7.9% | 3.8% | 2.4% | 1.0% | 0.8% | 1.8% | 1.4% | 0.9% | 1.7% | 2.2% | 2.4% | 1.4% | 1.5% |
| — | +109.7% | +72.0% | +13.1% | -50.2% | -15.8% | -42.3% | -39.4% | +9.5% | -75.8% | +81.2% | +9.3% | -1.9% | |
| ROIC | 8.1% | 3.3% | 1.8% | 1.3% | 0.9% | 1.8% | 1.9% | 1.9% | 1.6% | 1.6% | 2.1% | 1.9% | 1.9% |
| — | +82.1% | -9.3% | -30.4% | -43.5% | +13.1% | -6.8% | +2.0% | -16.1% | +6.2% | -3.4% | -25.4% | -5.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Affiliated Managers Group, Inc.'s Debt/EBITDA ratio is 7.2x, down from 13.6x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.61 | 0.61 | 0.52 | 0.59 | 0.59 | 0.56 | 0.56 | 0.54 | 0.51 | 0.51 | 0.52 | 0.52 | 0.53 |
| — | +8.0% | -6.9% | +8.0% | +14.2% | +10.3% | +8.2% | +4.2% | -3.7% | -6.4% | -15.3% | -13.8% | -12.4% | |
| Debt / EBITDA | 2.84 | 7.17 | 13.62 | 19.59 | 15.27 | 14.00 | 13.19 | 12.91 | 15.05 | 14.64 | 11.41 | 12.78 | 12.81 |
| — | -48.8% | +3.3% | +51.7% | +1.5% | -4.4% | +15.6% | +1.0% | +17.5% | -10.3% | -4.7% | +22.5% | -1.6% | |
| Current Ratio | — | — | 1.30 | 1.35 | 2.10 | 2.22 | 2.45 | 2.34 | 2.63 | 2.61 | 2.97 | 2.85 | 2.63 |
| — | — | -47.0% | -42.4% | -20.2% | -15.2% | -17.5% | -17.9% | -0.1% | +39.2% | +42.8% | +45.7% | +38.6% | |
| Quick Ratio | — | — | 1.30 | 1.35 | 2.10 | 2.22 | 2.45 | 2.34 | 2.63 | 2.61 | 2.97 | 2.85 | 2.63 |
| — | — | -47.0% | -42.4% | -20.2% | -15.2% | -17.5% | -17.9% | -0.1% | +39.2% | +42.8% | +45.7% | +38.6% | |
| Interest Coverage | 9.69 | 16.15 | 11.92 | 5.97 | 4.71 | 8.78 | 7.26 | 6.32 | 9.50 | 9.73 | 12.69 | 8.13 | 8.66 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Affiliated Managers Group, Inc.'s current P/E is 13.1x. The average P/E over the last 4 quarters is 12.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Affiliated Managers Group, Inc.'s current operating margin is 31.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Affiliated Managers Group, Inc.'s business trajectory between earnings reports.