8-K Announcements
6Material company update
Jun 9, 2026·SEC
Material company update
May 28, 2026·SEC
Material company update
Feb 26, 2026·SEC
Affiliated Managers Group, Inc.(MGRD)Earnings, Financials & Key Ratios
MGRD•NYSE
$14.74
0.6× P/E·Price updated Jun 27, 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%
MGRD Price & Volume
Affiliated Managers Group, Inc. (MGRD) stock price & volume — 10-year historical chart
Loading chart...
Variable Performance Masks Underlying Cash Flow Resilience
Investment Thesis • Updated 2026Q1
VerdictPositive: The stock trades at a compelling 0.39 P/FCF multiple
Growth:Mixed
Profitability:Moderate
Financial Position:Healthy
Cash Flow:Robust
Primary Risk:Talent retention and integration
"Affiliated Managers Group maintains a unique multi-affiliate model that generates robust free cash flow, evidenced by a 55.0% FCF margin in 2026Q1, despite significant revenue volatility tied to market-sensitive performance fees. While the firm's reliance on active management faces secular headwinds, its disciplined capital allocation—highlighted by $353.1M in share repurchases during 2025Q4—provides a potential buffer for shareholders. Investors should monitor the $2.5B goodwill balance and the impact of variable compensation on operating margins, which reached 38.5% in 2025Q4, to assess the long-term sustainability of its earnings power."
Verdict Logic
suggesting that the market may be undervaluing the firm's consistent ability to generate significant free cash flow despite broader skepticism toward active asset management.
MGRD Growth Metrics
Affiliated Managers Group, Inc. (MGRD) 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%
MGRD Recent Earnings
Affiliated Managers Group, Inc. (MGRD) 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
$8.82+49.7%
$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 | $8.82vs $5.89+49.7% | $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. (MGRD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $14.74 | $393.33M | 0.65 | 19.83% | 29.3% | 15.8% | 0.21% | |
| $33.21 | $17.26B | 36.49 | 3.45% | 8.99% | 5.64% | — | |
| $26.15 | $11.62B | -16.34 | 5.11% | -3.69% | -1.74% | — | |
| $147.58 | $986.15M | 7.39 | -8% | 14.61% | 11.15% | — | |
| $174.99 | $473.29M | 9.77 | 4.48% | 30.89% | 27.03% | — | |
| $14.49 | $759.31M | -1.60 | -6.39% | -103.77% | -38.83% | — |
Compare MGRD vs Peers
Affiliated Managers Group, Inc. (MGRD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MGRD SEC Filings & Documents
Affiliated Managers Group, Inc. (MGRD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when MGRD posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
MGRD Frequently Asked Questions
Affiliated Managers Group, Inc. (MGRD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Affiliated Managers Group, Inc.'s revenue?
Affiliated Managers Group, Inc. (MGRD) reported $2.37B in revenue for fiscal year 2025.
How fast is Affiliated Managers Group, Inc. growing?
Affiliated Managers Group, Inc. (MGRD) grew revenue by 19.8% over the past year. This is strong growth.
Is MGRD profitable?
Yes, Affiliated Managers Group, Inc. (MGRD) is profitable, generating $754.7M in net income for fiscal year 2025 (29.3% net margin).
Dividend & Returns
Does MGRD pay dividends?
Yes, Affiliated Managers Group, Inc. (MGRD) pays a dividend with a yield of 0.21%. This makes it attractive for income-focused investors.
What is MGRD's return on equity?
Affiliated Managers Group, Inc. (MGRD) 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. (MGRD) generated $1.07B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.