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Affiliated Managers Group AMG Return on invested capital

Return on invested capital at other companies

BEN
Franklin ResourcesBEN
4%+1.4pp
Invesco logo
InvescoIVZ
-4.9%-9.7pp
Blackstone logo
BlackstoneBX
34.1%+2.7pp
Blackrock logo
BlackrockBLK
10.9%
Apollo Global Management logo
Apollo Global ManagementAPO
26%-36.6pp
State Street logo
State StreetSTT
20.6%-2.4pp

Other financials

Income statement

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Revenue$544.9M+9.7%
Net income$110.4M+52.5%
EPS (diluted)$3.84+74.5%

Balance sheet

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Cash & equivalents$376.1M-53.9%
Total debt$2.9B+11.4%
Total equity$3.1B-3.1%
Total assets$9.4B+7.8%

Cash flow

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Operating cash flow$299.3M+43.3%
CapEx$3.8M+138%
Free cash flow$295.5M+42.5%

Valuation

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Market cap$9.32B+50.2%
Enterprise value$11.86B+47.7%
P/E12.4×-1.9×
P/S4.4×+1.3×

Profitability

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Operating margin48.1%
Net margin35.6%+14.2pp
FCF margin49.7%+4.2pp

Returns & leverage

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Return on equity24%+11.2pp
Debt / equity0.9×+0.1×

Where this comes from

Calculated from Affiliated Managers Group’s reported figures.

Based on trailing twelve months.

The official record: Affiliated Managers Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Affiliated Managers Group's return on invested capital?
Affiliated Managers Group (AMG) reported return on invested capital of 19.9% in Q1 2026.
How has Affiliated Managers Group's return on invested capital changed year-over-year?
Affiliated Managers Group's return on invested capital increased by 36.6% year-over-year, from 14.6% to 19.9%.
What is the long-term trend for Affiliated Managers Group's return on invested capital?
Over 5 years (2020 to 2025), Affiliated Managers Group's return on invested capital has grown at a 9.7% compound annual growth rate (CAGR), from 12.2% to 19.5%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.