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TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Net margin35.6%+14.2pp34.5%+9.5pp26%-1.0pp21.8%-9.7pp21.3%-12.4pp
Free cash flow margin49.7%+4.2pp46.6%+1.1pp45.2%-2.6pp44.9%-4.0pp45.5%+4.5pp
Returns
Return on equity24%+11.2pp21.8%+7.0pp16%-0.1pp13.5%-5.5pp12.8%-7.2pp
Return on assets8.3%+3.4pp7.9%+2.2pp6%-0.1pp5%-2.2pp4.9%-2.8pp
Return on invested capital19.9%+5.3pp19.5%+3.0pp16.9%-0.6pp14.4%-4.7pp14.6%-5.2pp
Efficiency
Asset turnover0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×
Leverage
Debt-to-equity0.9×+0.1×0.8×0.0×0.7×-0.1×0.8×+0.1×0.8×+0.1×
Debt-to-assets0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Interest coverage9.9×+3.1×9.7×+1.8×7.8×-0.3×6.7×-2.8×6.8×-3.2×
Per Share
Book value per share$112.36+14.9%$98.13+5.9%$101.62+7.3%$103.14+9.3%$97.80+9.2%
Valuation
Market capitalization$7.38B+50.2%$8.11B+45.1%$6.77B+27.8%$5.31B+6.6%$4.92B-10.5%
Enterprise value$9.93B+47.7%$10.21B+40.7%$8.67B+25.5%$7.57B+14.0%$6.72B-7.0%
Price / earnings9.8×-1.5×11.3×+0.4×12.8×+3.0×12×+4.2×11.3×+3.3×
Price / sales3.5×+1.1×3.9×+1.2×3.3×+0.7×2.6×+0.2×2.4×-0.3×
Price / book2.4×+0.8×2.5×+0.8×+0.4×1.6×+0.1×1.5×0.0×
EV / sales4.7×+1.4×4.9×+1.4×4.2×+0.8×3.7×+0.5×3.3×-0.2×
Free cash flow yield14.3%-4.6pp11.9%-4.7pp13.6%-4.6pp17.2%-2.8pp18.9%+3.6pp
Earnings yield10.2%+1.4pp8.8%-0.3pp7.8%-2.4pp8.3%-4.5pp8.8%-3.7pp

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Questions, answered.

Where do Affiliated Managers Group's ratios come from?
Every ratio is computed from Affiliated Managers Group's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.