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T Rowe Price Group TROW Free cash flow margin

Free cash flow margin at other companies

BEN
Franklin ResourcesBEN
11%+1.6pp
Blackrock logo
BlackrockBLK
14.3%-4.6pp
LPL Financial Holdings logo
LPL Financial HoldingsLPLA
-12.5%-13.3pp
Northern Trust logo
Northern TrustNTRS
65.1%-24.5pp
Raymond James Financial logo
Raymond James FinancialRJF
16.2%+1.7pp
State Street logo
State StreetSTT
-25.9%

Other financials

Income statement

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Revenue$1.9B+5.3%
Operating income$680.5M+14.1%
Net income$498.2M+1.6%
EPS (diluted)$2.23+3.7%

Balance sheet

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Cash & equivalents$3.8B+31.5%
Total debt$438.1M-7.2%
Total equity$10.8B+3.7%
Total assets$14.4B+2.9%

Cash flow

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Operating cash flow$824.3M+30.2%
CapEx$62.0M-24.4%
Free cash flow$762.3M+38.4%

Valuation

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Market cap$23.07B-3.9%
Enterprise value$19.71B-9.7%
P/E11×-0.9×
P/S3.1×-0.3×

Profitability

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Operating margin30.7%-2.3pp
Net margin28.3%-0.1pp

Returns & leverage

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Return on equity19.8%-0.2pp
Debt / equity0.0×

Where this comes from

Calculated from T Rowe Price Group’s reported figures.

Based on trailing twelve months.

The official record: T Rowe Price Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is T Rowe Price Group's free cash flow margin?
T Rowe Price Group (TROW) reported free cash flow margin of 24% in Q1 2026.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.