AAMIAcadian Asset Management Inc.
Investment Advice
- Revenue
- $564M
- 11% YoY
- Operating margin
- 23.4%
- 13% YoY
- EBITDA
- $132M
- 2.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.7×
- $99M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired-3% of net incomeCash flow under 80% of net income
- Dilutive SBCClear-8% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $524M | $417M | $427M | $506M | $564M | 11% |
| Operating income | $146M | $168M | $106M | $136M | $132M | 2.5% |
| Net income | $828M | $101M | $66M | $85M | $80M | 5.9% |
| Operating cash flow | −$12M | $117M | $68M | $56M | −$2M | 104% |
| Stock-based comp | — | — | $100K | −$23M | −$48M | 106% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $11M | $11M | 246 | 203 |
| FY2024 | $793K | $793K | 138 | 177 |
| FY2023 | $700K | $810K | 100 | 135 |
| FY2022 | $700K | −$7M | 107 | 121 |
| FY2021 | $13M | $24M | 133 | 135 |