AMGAFFILIATED MANAGERS GROUP, INC.
Investment Advice
- Revenue
- $2.1B
- 1.6% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $2.6B net debt
- AI in 10-K
- —
Red flags 0 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 cashClear136% of net incomeCash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear73% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear27% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | $2.1B | $2.0B | $2.1B | 1.6% |
| Net income | $566M | $1.1B | $673M | $512M | $717M | 40% |
| Operating cash flow | $1.3B | $1.1B | $874M | $932M | $973M | 4.4% |
| Capex | $8M | $11M | $12M | $3M | $6M | 79% |
| Stock-based comp | $127M | $114M | $112M | $112M | $59M | 47% |
| Buybacks | $595M | $714M | $342M | $710M | $706M | 0.5% |
| Dividends | $2M | $2M | $2M | $1M | $1M | 29% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 1
- Net
- −$2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $16M | $56M | 284 | 155 |
| FY2024 | $13M | $33M | 182 | 144 |
| FY2023 | $15M | $5M | 149 | 126 |
| FY2022 | $14M | $13M | 156 | 108 |
| FY2021 | $9M | $51M | 162 | 125 |