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MGRB logoAffiliated Managers Group, Inc.(MGRB)Earnings, Financials & Key Ratios

MGRB•NYSE•Banking & Credit
$16.79
$448M mkt cap·0.7× P/E·Price updated May 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
  • Net Interest Income-$53M+59.9%
  • Total Revenue$2.45B+19.8%
  • Net Income$717M+40.1%
  • Return on Equity15.8%+48.4%
  • Net Interest Margin-0.58%+61.6%
  • Efficiency Ratio54.28%+164.4%
  • ROA7.95%+38.9%
  • Equity / Assets48.03%-8.8%
  • Book Value per Share134.00+4.1%
  • Tangible BV/Share7.62-24.8%
  • Debt/Equity0.61+8.0%
Technical→

MGRB Key Insights

Affiliated Managers Group, Inc. (MGRB) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 28.8%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓Efficient operations: 54.3% efficiency ratio
  • ✓Momentum leader: RS Rating 90 (top 10%)
  • ✓Well capitalized: 48.0% equity/assets
  • ✓Share count reduced 8.6% through buybacks

✗Weaknesses

  • ✗Weak NIM of -0.6%

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

MGRB Price & Volume

Affiliated Managers Group, Inc. (MGRB) stock price & volume — 10-year historical chart

Loading chart...

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%
TTM40.12%

EPS CAGR

10 Years9.38%
5 Years39.34%
3 Years-3.56%
TTM57.22%

Return on Capital

10 Years10.16%
5 Years9.71%
3 Years8.65%
Last Year8.61%

MGRB Recent Earnings

Affiliated Managers Group, Inc. (MGRB) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/9 qtrs (50%)●Beat Revenue 0/9 qtrs (0%)
Q1 2026Latest
Feb 12, 2026
EPS
$9.48
Est $8.86
+7.0%
Revenue
$557M
Est $579M
-3.8%
Q4 2025
Nov 3, 2025
EPS
$6.44
Est $5.89
+9.3%
Revenue
$528M
Est $545M
-3.1%
Q3 2025
Jul 31, 2025
EPS
$2.61
Est $5.29
-50.7%
Revenue
$493M
Est $506M
-2.6%
Q2 2025
May 8, 2025
EPS
$2.22
Est $5.10
-56.5%
Revenue
$497M
Est $500M
-0.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 12, 2026
$9.48vs $8.86+7.0%
$557Mvs $579M-3.8%
Q4 2025Nov 3, 2025
$6.44vs $5.89+9.3%
$528Mvs $545M-3.1%
Q3 2025Jul 31, 2025
$2.61vs $5.29-50.7%
$493Mvs $506M-2.6%
Q2 2025May 8, 2025
$2.22vs $5.10-56.5%
$497Mvs $500M-0.7%
Based on last 9 quarters of dataView full earnings history →

MGRB Peer Comparison

Affiliated Managers Group, Inc. (MGRB) competitors in Asset and Alternative Investment Management — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
BEN logoBENFranklin Resources, Inc.Direct Competitor16.19B31.1634.243.45%5.64%0.94
IVZ logoIVZInvesco Ltd.Direct Competitor12.15B27.35-17.095.11%-1.74%0.78
VRTS logoVRTSVirtus Investment Partners, Inc.Direct Competitor960.2M143.417.18-8%13.51%2.74
CNNE logoCNNECannae Holdings, Inc.Direct Competitor1.3B13.73-1.51-6.39%-121.15%-51.79%0.33
DHIL logoDHILDiamond Hill Investment Group, Inc.Direct Competitor473.29M174.999.774.48%27.03%36.26
BLK logoBLKBlackRock, Inc.Product Competitor166.54B1073.5725.5614.27%9.86%0.29
STT logoSTTState Street CorporationProduct Competitor42.68B151.2418.4219.64%10.78%1.45
TROW logoTROWT. Rowe Price Group, Inc.Product Competitor23.09B106.1311.473.12%17.56%0.07

Compare MGRB vs Peers

Affiliated Managers Group, Inc. (MGRB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BEN

Most directly comparable listed peer for MGRB.

Scale Benchmark

vs MS

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

Peer Set

Compare Top 5

vs BEN, IVZ, VRTS, CNNE

MGRB Income Statement

Affiliated Managers Group, Inc. (MGRB) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income-87.8M-80.6M-76.2M-92.3M-111.4M-114.4M-123.8M-133.3M-53.4M
NII Growth %4.25%8.2%5.46%-21.13%-20.69%-2.69%-8.22%-7.67%59.94%
Net Interest Margin %-1.01%-0.98%-1%-1.17%-1.26%-1.29%-1.37%-1.51%-0.58%
Interest Income0000000083.1M
Interest Expense87.8M80.6M76.2M92.3M111.4M114.4M123.8M133.3M136.5M
Loan Loss Provision891.2M906.6M866.8M791.4M935.7M957.1M783.7M782M204.9M
Non-Interest Income2.31B2.38B2.24B2.03B2.41B2.33B2.06B2.04B2.36B
Non-Interest Income %100%100%100%100%100%100%100%100%96.6%
Total Revenue
2.31B▲ 0%
2.38B▲ 3.2%
2.24B▼ 5.8%
2.03B▼ 9.5%
2.41B▲ 19.0%
2.33B▼ 3.4%
2.06B▼ 11.7%
2.04B▼ 0.8%
2.45B▲ 19.8%
Revenue Growth %5.03%3.18%-5.84%-9.47%18.98%-3.43%-11.67%-0.82%19.83%
Non-Interest Expense218.1M624.2M542.6M481M399.4M452.9M419.5M418.9M1.33B
Efficiency Ratio9.46%26.24%24.23%23.72%16.56%19.44%20.39%20.53%54.28%
Operating Income
1.11B▲ 0%
767M▼ 30.8%
754M▼ 1.7%
662.8M▼ 12.1%
965.9M▲ 45.7%
805.2M▼ 16.6%
730.8M▼ 9.2%
706.7M▼ 3.3%
776.8M▲ 9.9%
Operating Margin %48.07%32.25%33.67%32.69%40.04%34.56%35.51%34.63%31.76%
Operating Income Growth %57.08%-30.77%-1.69%-12.1%45.73%-16.64%-9.24%-3.3%9.92%
Pretax Income
1.07B▲ 0%
713.6M▼ 33.1%
308M▼ 56.8%
508.4M▲ 65.1%
1.14B▲ 124.4%
1.75B▲ 53.0%
1.09B▼ 37.5%
923.2M▼ 15.4%
1.19B▲ 28.5%
Pretax Margin %46.3%30%13.75%25.08%47.3%74.97%53.04%45.23%48.51%
Income Tax58.4M181.3M2.9M81.4M251M358.3M185.3M182.6M282.3M
Effective Tax Rate %5.47%25.41%0.94%16.01%22%20.52%16.98%19.78%23.8%
Net Income
689.5M▲ 0%
243.6M▼ 64.7%
15.7M▼ 93.6%
202.2M▲ 1187.9%
565.7M▲ 179.8%
1.15B▲ 102.6%
672.9M▼ 41.3%
511.6M▼ 24.0%
716.6M▲ 40.1%
Net Margin %29.91%10.24%0.7%9.97%23.45%49.19%32.7%25.07%29.3%
Net Income Growth %45.83%-64.67%-93.55%1187.9%179.77%102.56%-41.28%-23.97%40.07%
Net Income (Continuing)1.01B532.3M305.1M427M890.1M1.39B906.1M740.6M904M
EPS (Diluted)
12.03▲ 0%
4.52▼ 62.4%
0.31▼ 93.1%
4.33▲ 1296.8%
13.05▲ 201.4%
25.35▲ 94.3%
17.42▼ 31.3%
15.13▼ 13.1%
22.74▲ 50.3%
EPS Growth %40.37%-62.43%-93.14%1296.77%201.39%94.25%-31.28%-13.15%50.3%
EPS (Basic)12.304.540.314.3413.6529.7719.1816.4525.18
Diluted Shares Outstanding58.6M53.8M50.6M46.7M44.8M49M42.2M36.1M33M

MGRB Balance Sheet

Affiliated Managers Group, Inc. (MGRB) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments517.3M684.8M599M1.11B987M1.15B1.27B1.01B586M
Cash & Due from Banks439.5M565.5M539.6M1.04B908.5M429.2M813.6M950M586M
Short Term Investments77.8M119.3M59.4M74.9M78.5M716.9M461M56.6M0
Total Investments3.55B3.11B2.47B2.41B2.59B3.28B3.23B2.84B3.58B
Investments Growth %-2.49%-12.29%-20.72%-2.43%7.53%26.66%-1.45%-12.02%26.03%
Long-Term Investments3.47B2.99B2.41B2.33B2.51B2.56B2.77B2.79B3.58B
Accounts Receivables433.8M400.6M417.1M421.6M419.2M316M368.4M409.7M496.2M
Goodwill & Intangibles4.11B3.94B3.83B3.71B4.66B4.52B4.34B4.28B4.17B
Goodwill2.66B2.63B2.65B2.66B2.69B2.65B2.52B2.5B2.53B
Intangible Assets1.45B1.31B1.18B1.05B1.97B1.88B1.81B1.78B1.64B
PP&E (Net)111M104.3M92.3M79.6M73.9M68.5M67.3M57.6M54.4M
Other Assets58.1M94M304M230.9M231.1M264.6M243.9M288.7M318.3M
Total Current Assets951.1M1.09B1.02B1.54B1.41B1.46B1.64B1.42B1.08B
Total Non-Current Assets7.75B7.13B6.64B6.35B7.47B7.42B7.42B7.41B8.13B
Total Assets
8.7B▲ 0%
8.22B▼ 5.6%
7.65B▼ 6.9%
7.89B▲ 3.1%
8.88B▲ 12.5%
8.88B▲ 0.1%
9.06B▲ 2.0%
8.83B▼ 2.5%
9.21B▲ 4.3%
Asset Growth %-0.54%-5.55%-6.88%3.08%12.52%0.05%2.01%-2.52%4.26%
Return on Assets (ROA)7.9%2.88%0.2%2.6%6.75%12.91%7.5%5.72%7.95%
Accounts Payable000000000
Total Debt1.85B2.61B2.24B2.31B2.49B2.54B2.54B2.62B2.69B
Net Debt1.42B2.04B1.7B1.27B1.58B2.11B1.72B1.67B2.11B
Long-Term Debt1.85B1.83B1.79B2.31B2.49B2.54B2.54B2.62B2.69B
Short-Term Debt0779.7M449.7M000000
Other Liabilities182.4M162.7M359.1M452.2M709.2M461.7M466.3M402.4M1.56B
Total Current Liabilities807.2M746.6M634.6M712.4M789.1M778.3M628.5M639.1M0
Total Non-Current Liabilities2.5B2.5B2.6B3.19B3.7B3.46B3.47B3.54B4.79B
Total Liabilities3.31B3.25B3.24B3.9B4.49B4.24B4.1B4.18B4.79B
Total Equity
5.39B▲ 0%
4.97B▼ 7.8%
4.42B▼ 11.1%
3.99B▼ 9.7%
4.38B▲ 9.9%
4.64B▲ 5.9%
4.96B▲ 6.9%
4.65B▼ 6.3%
4.42B▼ 4.9%
Equity Growth %5.69%-7.83%-11.13%-9.67%9.92%5.85%6.95%-6.34%-4.87%
Equity / Assets (Capital Ratio)61.94%60.45%57.7%50.56%49.4%52.26%54.79%52.64%48.03%
Return on Equity (ROE)13.15%4.7%0.33%4.81%13.51%25.39%14.01%10.64%15.8%
Book Value per Share91.9992.3587.2785.4197.8794.71117.62128.77134.00
Tangible BV per Share21.8119.0611.505.97-6.052.3714.8710.147.62
Common Stock600K600K600K600K600K600K600K600K600K
Additional Paid-in Capital808.6M835.6M707.2M728.9M651.6M695.5M741.4M733.1M616.1M
Retained Earnings3.7B3.88B3.82B4.01B4.57B5.72B6.39B6.9B7.62B
Accumulated OCI-21.8M-109M-108.8M-98.3M-87.9M-203.4M-167.6M-163.6M-106.8M
Treasury Stock-663.7M-1.15B-1.48B-1.86B-2.35B-2.98B-3.38B-4.12B-4.89B
Preferred Stock000000000

MGRB Cash Flow Statement

Affiliated Managers Group, Inc. (MGRB) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations1.17B1.14B929.1M1.01B1.26B1.05B874.3M932.1M1.01B
Operating CF Growth %11.43%-2.55%-18.54%8.63%24.76%-16.24%-17.1%6.61%8.45%
Net Income1.01B532.3M305.1M427M890.1M1.39B906.1M740.6M716.6M
Depreciation & Amortization106.7M136.8M165.8M159.6M52.3M67.4M61.3M42.4M170.7M
Deferred Taxes-123.6M51.9M-55.8M26.8M91.2M32M31.4M31.4M533.1M
Other Non-Cash Items97.1M322.6M546.9M266.7M-21.1M-685.1M-8M62.9M-666.1M
Working Capital Changes-8.9M-4.1M-123.3M10M120M138.5M-228.6M-56.8M53.8M
Cash from Investing13.8M-18.2M-24.4M-53.7M-583.7M-109.9M264.5M379.1M-243.8M
Purchase of Investments-37.2M-40.8M-85.4M-47.7M-73.5M-312M-731.1M-510.4M-204.4M
Sale/Maturity of Investments100.1M48.6M72.9M47M56.4M280.2M1.01B898.1M338.9M
Net Investment Activity62.9M7.8M-12.5M-700K-17.1M-31.8M277.4M387.7M134.5M
Acquisitions-30.6M0-44.6M-44.5M-558.2M-66.7M200K-5.2M-362.4M
Other Investing0-7.3M42.3M000-700K0-9.8M
Cash from Financing-1.19B-983.1M-934.7M-455.4M-798.3M-1.4B-758.3M-1.18B-1.15B
Dividends Paid-44.9M-64.4M-65.3M-16.8M-1.7M-1.6M-1.5M-1.4M-1M
Share Repurchases-393.2M-505.8M-502.1M-650.2M-745.8M-775.3M-409.3M-816.3M-706.3M
Stock Issued41.9M9.7M10.5M20.2M117.7M15.2M13.4M6.3M0
Net Stock Activity-351.3M-496.1M-491.6M-630M-628.1M-760.1M-395.9M-810M-706.3M
Debt Issuance (Net)-1000K-1000K-1000K1000K1000K-1000K01000K1000K
Other Financing-533.5M-392M-338.5M-333.4M-335.5M-580.4M-360.9M-462.1M-514.6M
Net Change in Cash
8.7M▲ 0%
126M▲ 1348.3%
-25.9M▼ 120.6%
500.1M▲ 2030.9%
-131.2M▼ 126.2%
-479.3M▼ 265.3%
384.4M▲ 180.2%
136.4M▼ 64.5%
-364M▼ 366.9%
Exchange Rate Effect14.2M-13.3M4.1M-100K-8.4M-21.2M3.9M1.1M17.6M
Cash at Beginning430.8M439.5M565.5M539.6M1.04B908.5M429.2M813.6M950M
Cash at End439.5M565.5M539.6M1.04B908.5M429.2M813.6M950M586M
Interest Paid82.1M76.9M84.1M88.3M103M109.4M110.4M138.2M137.9M
Income Taxes Paid165M160.2M102.7M12.4M87.1M120.2M314.5M142.5M110.7M
Free Cash Flow
1.15B▲ 0%
1.12B▼ 2.6%
919.5M▼ 18.0%
1B▲ 8.8%
1.25B▲ 25.0%
1.04B▼ 16.6%
861.9M▼ 17.4%
928.7M▲ 7.8%
1B▲ 8.2%
FCF Growth %11.82%-2.6%-18.04%8.84%24.98%-16.59%-17.39%7.75%8.19%

MGRB Banking Ratios

Affiliated Managers Group, Inc. (MGRB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)9.97%13.15%4.7%0.33%4.81%13.51%25.39%14.01%10.64%15.8%
Return on Assets (ROA)5.72%7.9%2.88%0.2%2.6%6.75%12.91%7.5%5.72%7.95%
Net Interest Margin-1.05%-1.01%-0.98%-1%-1.17%-1.26%-1.29%-1.37%-1.51%-0.58%
Efficiency Ratio25.38%9.46%26.24%24.23%23.72%16.56%19.44%20.39%20.53%54.28%
Equity / Assets58.29%61.94%60.45%57.7%50.56%49.4%52.26%54.79%52.64%48.03%
Book Value / Share89.4791.9992.3587.2785.4197.8794.71117.62128.77134
NII Growth-88.68%4.25%8.2%5.46%-21.13%-20.69%-2.69%-8.22%-7.67%59.94%
Dividend Payout-6.51%26.44%415.92%8.31%0.3%0.14%0.22%0.27%0.14%

MGRB SEC Filings & Documents

Affiliated Managers Group, Inc. (MGRB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Feb 26, 2026·SEC

Material company update

Feb 12, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

MGRB Frequently Asked Questions

Affiliated Managers Group, Inc. (MGRB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Affiliated Managers Group, Inc. (MGRB) grew revenue by 19.8% over the past year. This is strong growth.

Yes, Affiliated Managers Group, Inc. (MGRB) is profitable, generating $716.7M in net income for fiscal year 2025 (29.3% net margin).

Dividend & Returns

Yes, Affiliated Managers Group, Inc. (MGRB) pays a dividend with a yield of 0.18%. This makes it attractive for income-focused investors.

Affiliated Managers Group, Inc. (MGRB) has a return on equity (ROE) of 15.8%. This is reasonable for most industries.

Industry Metrics

Affiliated Managers Group, Inc. (MGRB) has a net interest margin (NIM) of -0.6%. NIM has been under pressure due to interest rate environment.

Affiliated Managers Group, Inc. (MGRB) has an efficiency ratio of 54.3%. This is excellent, indicating strong cost control.

Explore More MGRB

Affiliated Managers Group, Inc. (MGRB) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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