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Affiliated Managers Group, Inc.(MGRE)Earnings, Financials & Key Ratios
MGRE•NYSE
$23.14
1.0× P/E·Price updated Jun 27, 2026
AboutAffiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments. The company also offers investment products in various investment styles in the institutional distribution channel, including small, small/mid, mid, and large capitalization value and growth equity, and emerging markets. In addition, it offers quantitative, alternative, and fixed income products, and manages assets for foundations and endowments, defined benefit, and defined contribution plans for corporations and municipalities. Affiliated Managers Group provides investment management or customized investment counseling and fiduciary services. Affiliated Managers Group, Inc. was formed in 1993 and is based in West Palm Beach, Florida with additional offices in Prides Crossing, Massachusetts; Stamford, Connecticut; London, United Kingdom; Dubai, United Arab Emirates; Sydney, Australia; Hong Kong; Tokyo, Japan, Zurich, Switzerland and Delaware.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%
MGRE Price & Volume
Affiliated Managers Group, Inc. (MGRE) stock price & volume — 10-year historical chart
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Resilient Cash Generation Amidst Structural Margin Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial Position:Healthy
Cash Flow:Robust
Primary Risk:Market beta sensitivity
"Affiliated Managers Group maintains a robust asset-light business model that consistently converts earnings into free cash flow, as evidenced by FCF margins frequently exceeding 40%. However, the firm faces significant headwinds from market-driven revenue cyclicality and a tightening liquidity profile, with cash reserves declining from $1.3B in 2023Q4 to $376.1M in 2026Q1. Investors should monitor the sustainability of the firm's acquisition-led growth strategy, which currently relies on a $2.9B debt load and significant goodwill concentration, as the firm navigates ongoing industry-wide fee compression."
Verdict Logic
while the stock trades at a compelling 0.61 P/FCF multiple, the compression of the current ratio to 1.14 and rising debt levels warrant caution regarding the firm's long-term financial flexibility.
MGRE Growth Metrics
Affiliated Managers Group, Inc. (MGRE) 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%
MGRE Recent Earnings
Affiliated Managers Group, Inc. (MGRE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/5 qtrs (40%)●Beat Revenue 0/5 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 5 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Affiliated Managers Group, Inc. (MGRE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $23.14 | $617.48M | 1.02 | 19.83% | 29.3% | 15.8% | 0.13% | |
| $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 MGRE vs Peers
Affiliated Managers Group, Inc. (MGRE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MGRE SEC Filings & Documents
Affiliated Managers Group, Inc. (MGRE) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MGRE Frequently Asked Questions
Affiliated Managers Group, Inc. (MGRE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Affiliated Managers Group, Inc.'s revenue?
Affiliated Managers Group, Inc. (MGRE) reported $2.37B in revenue for fiscal year 2025.
How fast is Affiliated Managers Group, Inc. growing?
Affiliated Managers Group, Inc. (MGRE) grew revenue by 19.8% over the past year. This is strong growth.
Is MGRE profitable?
Yes, Affiliated Managers Group, Inc. (MGRE) is profitable, generating $754.7M in net income for fiscal year 2025 (29.3% net margin).
Dividend & Returns
Does MGRE pay dividends?
Yes, Affiliated Managers Group, Inc. (MGRE) pays a dividend with a yield of 0.13%. This makes it attractive for income-focused investors.
What is MGRE's return on equity?
Affiliated Managers Group, Inc. (MGRE) 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. (MGRE) generated $1.07B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.