Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) Financials

MGRE

Trailing 12 months to June 30, 2026

Revenue $2.3B +11.8% YoY

Net Income $856.2M +93.5% YoY

EPS (Diluted) $28.57 +109.2% YoY

Free Cash Flow $1.1B +16.7% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MGRE SEC filings page.

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) reported $2.3B in revenue over the twelve months to Jun 30, 2026, up 11.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MGRE FY2025 2026-08-29

MGRE converts relatively stable revenue into cash through low reinvestment, while buybacks and debt reshape the balance sheet.

In FY2025, operating cash flow of $973M nearly matched free cash flow of $967M, indicating that reported cash generation is not being consumed by substantial reinvestment. Operating cash flow also exceeded net income of $717M while receivables rose versus FY2023, so cash generation reflects more than accounting profit even as more funds are tied up with customers.

Revenue remained near $2.1B across FY2023-FY2025, so volume alone does not explain the earnings swings. Net margin fell to 25.1% in FY2024 before reaching 34.5% in FY2025, showing profit variability without a comparable change in sales.

The balance sheet is more leveraged than at FY2023: debt-to-equity rose from 0.7x to 0.8x. Meanwhile, shares outstanding declined over the period alongside FY2025 buybacks of $706M, linking the shrinking equity base partly to capital returns.

Financial Health Signals

Financial health score not available

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

6/7

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.36x

For every $1 of reported earnings, Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 generates $1.36 in operating cash flow ($973.2M OCF vs $716.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$640.7M

YoY+29.9%

QoQ+17.6%

5Y CAGR+1.8%

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 generated $640.7M in revenue in Q2 2026. This represents an increase of 29.9% from the same quarter a year earlier. Against the prior quarter it is up 17.6%.

Net Income

$185.9M

YoY+120.5%

QoQ+68.4%

5Y CAGR+11.3%

10Y CAGR+5.6%

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 reported $185.9M in net income in Q2 2026. This represents an increase of 120.5% from the same quarter a year earlier. Against the prior quarter it is up 68.4%.

EPS (Diluted)

$6.95

YoY+148.2%

QoQ+81.0%

5Y CAGR+22.2%

10Y CAGR+13.4%

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 earned $6.95 per diluted share (EPS) in Q2 2026. This represents an increase of 148.2% from the same quarter a year earlier. Against the prior quarter it is up 81.0%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$239.0M

YoY+4.2%

QoQ-19.1%

5Y CAGR-7.9%

10Y CAGR-2.6%

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 generated $239.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 4.2% from the same quarter a year earlier. Against the prior quarter it is down 19.1%.

Cash & Debt

$411.0M

YoY+13.9%

QoQ+9.3%

5Y CAGR-12.0%

10Y CAGR+1.3%

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 held $411.0M in cash against $3.0B in long-term debt as of Q2 2026.

Dividends Per Share

$0.01

YoY0.0%

QoQ0.0%

5Y CAGR0.0%

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 paid $0.01 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

26M

YoY-9.0%

QoQ-2.1%

5Y CAGR-8.9%

10Y CAGR-7.1%

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 had 26M shares outstanding in Q2 2026. This represents a decrease of 9.0% from the same quarter a year earlier. Against the prior quarter it is down 2.1%.

Margins & Returns

Net Margin

29.0%

YoY+11.9pp

QoQ+8.8pp

5Y change+10.4pp

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's net profit margin was 29.0% in Q2 2026, showing the share of revenue converted to profit. This is up 11.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.8 percentage points.

Return on Equity

6.1%

YoY+3.5pp

QoQ+2.5pp

5Y change+1.9pp

10Y change+2.4pp

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's ROE was 6.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.5 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$179.7M

YoY+77.4%

QoQ-2.9%

5Y CAGR+17.0%

10Y CAGR+27.0%

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 spent $179.7M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 77.4% from the same quarter a year earlier. Against the prior quarter it is down 2.9%.

Capital Expenditures

YoY-100.0%

QoQ-100.0%

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 reported no capital expenditure in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

R&D Spending

Not reported for Q2 2026.

MGRE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MGRE quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$2.3B	$2.1B+1.6%	$2.0B-0.8%	$2.1B-11.7%	$2.3B-3.4%	$2.4B+19.0%	$2.0B-9.5%	$2.2B-5.8%	$2.4B+3.2%	$2.3B+5.0%	$2.2B	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$433.0M	$408.6M+8.5%	$376.5M+5.1%	$358.2M-7.1%	$385.5M+11.1%	$347.1M+8.0%	$321.4M-14.7%	$376.8M-9.8%	$417.7M+12.0%	$373.1M-6.3%	$398.1M-10.3%	$443.8M-8.6%	$485.5M+13.6%	$427.2M+16.4%	$366.9M+4.6%	$350.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.1B+7.1%	$1.0B-8.0%	$1.1B+37.9%	$815.2M+28.6%	$634.1M+58.4%	$400.4M-17.6%	$486.1M
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$776.3M+26.3%	$614.5M+2.6%	$598.8M
Interest Expense	$146.8M	$136.5M+2.4%	$133.3M+7.7%	$123.8M+8.2%	$114.4M+2.7%	$111.4M+20.7%	$92.3M+21.1%	$76.2M-5.5%	$80.6M-8.2%	$87.8M-4.3%	$91.7M+3.1%	$88.9M+16.1%	$76.6M-12.3%	$87.3M+5.2%	$83.0M+12.5%	$73.8M
Income Tax	$335.7M	$282.3M+54.6%	$182.6M-1.5%	$185.3M-48.3%	$358.3M+42.7%	$251.0M+208.4%	$81.4M+2706.9%	$2.9M-98.4%	$181.3M+210.4%	$58.4M-75.2%	$235.6M-10.6%	$263.4M+7.0%	$246.1M+26.8%	$194.1M+131.6%	$83.8M-10.0%	$93.1M
Net Income	$856.2M	$716.6M+40.1%	$511.6M-24.0%	$672.9M-41.3%	$1.1B+102.6%	$565.7M+179.8%	$202.2M+1187.9%	$15.7M-93.6%	$243.6M-64.7%	$689.5M+45.8%	$472.8M-7.2%	$509.5M+17.4%	$433.9M+20.4%	$360.5M+107.2%	$174.0M+5.5%	$164.9M
EPS (Basic)	N/A	$25.18+53.1%	$16.45-14.2%	$19.18-35.6%	$29.77+118.1%	$13.65+214.5%	$4.34+1300.0%	$0.31-93.2%	$4.55-63.0%	$12.30+40.9%	$8.73-6.8%	$9.37+18.8%	$7.89+16.2%	$6.79+102.1%	$3.36+5.7%	$3.18
EPS (Diluted)	$28.57	$22.74+50.3%	$15.13-13.1%	$17.42-31.3%	$25.35+94.3%	$13.05+201.4%	$4.33+1296.8%	$0.31-93.1%	$4.52-62.4%	$12.03+40.4%	$8.57-6.5%	$9.17+19.1%	$7.70+17.6%	$6.55+99.7%	$3.28+5.5%	$3.11
Diluted Shares (Avg)	N/A	33M-8.6%	36M-14.5%	42M-13.9%	49M+9.4%	45M-4.1%	47M-7.7%	51M-5.9%	54M-8.2%	59M+2.8%	57M-0.3%	57M-2.1%	58M+3.0%	57M+7.0%	53M0.0%	53M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$640.7M+29.9%	$544.9M+9.7%	$556.6M+6.2%	$528.0M+2.2%	$493.2M-1.4%	$496.6M-0.7%	$524.3M+4.3%	$516.4M-1.7%
SG&A Expenses	$107.4M+12.2%	$107.4M+13.4%	$117.7M+19.6%	$100.5M+3.6%	$95.7M+7.0%	$94.7M+3.3%	$98.4M+16.0%	$97.0M+6.5%
Interest Expense	$40.5M+17.4%	$38.4M+12.6%	$34.7M-1.4%	$33.2M-4.3%	$34.5M+3.0%	$34.1M+14.0%	$35.2M+12.5%	$34.7M+11.6%
Income Tax	$70.0M+96.1%	$46.5M+69.7%	$147.6M+180.6%	$71.6M+128.8%	$35.7M-17.6%	$27.4M-50.5%	$52.6M+76.5%	$31.3M-59.7%
Net Income	$185.9M+120.5%	$110.4M+52.5%	$347.5M+114.2%	$212.4M+71.8%	$84.3M+10.9%	$72.4M-51.7%	$162.2M-17.3%	$123.6M-43.0%
EPS (Basic)	$7.05+138.2%	$4.12+66.1%	$12.33+130.9%	$7.47+81.8%	$2.96+22.3%	$2.48-45.6%	$5.34-7.5%	$4.11-33.9%
EPS (Diluted)	$6.95+148.2%	$3.84+74.5%	$10.91+123.6%	$6.87+81.7%	$2.80+23.9%	$2.20-46.9%	$4.88-5.1%	$3.78-31.0%
Diluted Shares (Avg)	27M-14.3%	28M-15.6%	N/A	33M-6.0%	31M-11.0%	33M-18.7%	N/A	35M-19.4%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

MGRE Balance Sheet

MGRE quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$9.2B+4.3%	$8.8B-2.5%	$9.1B+2.0%	$8.9B+0.1%	$8.9B+12.5%	$7.9B+3.1%	$7.7B-6.9%	$8.2B-5.6%	$8.7B-0.5%	$8.7B+12.6%	$7.8B+1.1%	$7.7B+21.6%	$6.3B+2.1%	$6.2B+18.6%	$5.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$912.3M+4.1%	$876.4M
Cash & Equivalents	$586.0M-38.3%	$950.0M+16.8%	$813.6M+89.6%	$429.2M-52.8%	$908.5M-12.6%	$1.0B+92.7%	$539.6M-4.6%	$565.5M+28.7%	$439.5M+2.0%	$430.8M-23.6%	$563.8M+2.4%	$550.6M+17.2%	$469.6M+9.1%	$430.4M-4.2%	$449.5M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$128.9M+28.4%	$100.4M
Accounts Receivable	$496.2M+21.1%	$409.7M+11.2%	$368.4M+16.6%	$316.0M-24.6%	$419.2M-0.6%	$421.6M+1.1%	$417.1M+4.1%	$400.6M-7.7%	$433.8M+13.2%	$383.3M-2.0%	$391.2M-8.1%	$425.9M+1.8%	$418.4M+63.8%	$255.5M+18.9%	$214.9M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.5B+1.0%	$2.5B-0.7%	$2.5B-4.7%	$2.6B-1.5%	$2.7B+1.0%	$2.7B+0.4%	$2.7B+0.7%	$2.6B-1.1%	$2.7B+1.3%	$2.6B-1.5%	$2.7B+0.6%	$2.7B+13.3%	$2.3B-0.6%	$2.4B+11.2%	$2.1B
Total Liabilities	$4.8B+14.4%	$4.2B+2.1%	$4.1B-3.4%	$4.2B-5.6%	$4.5B+15.2%	$3.9B+20.5%	$3.2B-0.4%	$3.3B-1.8%	$3.3B-9.2%	$3.6B+7.7%	$3.4B-33.0%	$5.1B+20.8%	$4.2B+2.0%	$4.1B+22.4%	$3.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$375.8M-10.0%	$417.6M
Non-Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.7B+27.0%	$2.9B
Long-Term Debt	$2.7B+2.7%	$2.6B+3.3%	$2.5B+0.1%	$2.5B+1.8%	$2.5B+7.7%	$2.3B+28.9%	$1.8B-2.0%	$1.8B+126.2%	$809.0M-6.9%	$868.6M+35.0%	$643.3M-24.8%	$855.0M+62.9%	$525.0M+61.5%	$325.0M	N/A
Total Equity	$3.2B-3.2%	$3.3B-6.8%	$3.6B+11.1%	$3.2B+15.9%	$2.8B+0.2%	$2.8B-5.4%	$2.9B-15.0%	$3.5B-9.5%	$3.8B+5.6%	$3.6B+27.6%	$2.8B+8.0%	$2.6B+23.1%	$2.1B+2.4%	$2.1B+11.7%	$1.9B
Retained Earnings	$7.6B+10.4%	$6.9B+8.0%	$6.4B+11.7%	$5.7B+25.1%	$4.6B+14.1%	$4.0B+4.9%	$3.8B-1.5%	$3.9B+4.8%	$3.7B+21.1%	$3.1B+18.3%	$2.6B+19.3%	$2.2B+26.4%	$1.7B+26.7%	$1.4B+14.8%	$1.2B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$9.4B+6.8%	$9.4B+7.8%	$9.2B+4.3%	$8.9B+0.3%	$8.8B-0.4%	$8.7B-3.4%	$8.8B-2.5%	$8.9B-1.1%
Cash & Equivalents	$411.0M+13.9%	$376.1M-53.9%	$586.0M-38.3%	$476.1M-52.9%	$361.0M-58.3%	$816.5M+2.9%	$950.0M+16.8%	$1.0B+1.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$846.9M+48.3%	$871.4M+49.8%	$496.2M+21.1%	$667.7M+46.1%	$571.0M+24.9%	$581.7M+10.7%	$409.7M+11.2%	$457.1M+6.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.5B-1.0%	$2.5B+0.5%	$2.5B+1.0%	$2.5B-0.2%	$2.5B+0.9%	$2.5B-0.2%	$2.5B-0.7%	$2.5B+0.9%
Total Liabilities	$5.2B+20.0%	$5.1B+21.2%	$4.8B+14.4%	$4.4B+3.7%	$4.3B+3.4%	$4.2B+3.4%	$4.2B+2.1%	$4.2B+3.0%
Long-Term Debt	$3.0B+14.6%	$2.9B+11.4%	$2.7B+2.7%	$2.4B-9.5%	$2.6B+3.8%	$2.6B+3.8%	$2.6B+3.3%	$2.6B+3.3%
Total Equity	$3.0B-6.2%	$3.1B-3.1%	$3.2B-3.2%	$3.3B+0.8%	$3.2B-2.8%	$3.2B-11.2%	$3.3B-6.8%	$3.3B-5.1%
Retained Earnings	$7.9B+12.1%	$7.7B+10.8%	$7.6B+10.4%	$7.3B+7.9%	$7.1B+6.7%	$7.0B+6.6%	$6.9B+8.0%	$6.7B+8.8%

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities.

MGRE Cash Flow Statement

MGRE quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.1B	$973.2M+4.4%	$932.1M+6.6%	$874.3M-17.1%	$1.1B-16.2%	$1.3B+24.8%	$1.0B+8.6%	$929.1M-18.5%	$1.1B-2.5%	$1.2B+11.4%	$1.1B-13.4%	$1.2B-15.6%	$1.4B+50.1%	$957.1M+51.2%	$633.2M-10.6%	$708.5M
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$142.2M-33.6%	$214.1M+90.0%	$112.7M
Stock-Based Compensation	N/A	$59.2M-47.0%	$111.6M-0.4%	$112.1M-1.5%	$113.8M-10.2%	$126.7M+6.3%	$119.2M+31.9%	$90.4M+102.2%	$44.7M+10.6%	$40.4M+3.1%	$39.2M-61.8%	$102.7M-9.7%	$113.7M+35.2%	$84.1M+21.4%	$69.3M+32.3%	$52.4M
Capital Expenditures	$6.9M	$6.1M+79.4%	$3.4M-72.6%	$12.4M+8.8%	$11.4M+35.7%	$8.4M-1.2%	$8.5M-11.5%	$9.6M-48.7%	$18.7M+1.1%	$18.5M-8.4%	$20.2M-47.1%	$38.2M+99.0%	$19.2M-20.0%	$24.0M+20.0%	$20.0M+24.2%	$16.1M
Free Cash Flow	$1.1B	$967.1M+4.1%	$928.7M+7.8%	$861.9M-17.4%	$1.0B-16.6%	$1.3B+25.0%	$1.0B+8.8%	$919.5M-18.0%	$1.1B-2.6%	$1.2B+11.8%	$1.0B-12.3%	$1.2B-17.1%	$1.4B+51.9%	$933.1M+52.2%	$613.2M-11.4%	$692.4M
Investing Cash Flow	$103.9M	-$206.1M-154.4%	$379.1M+43.3%	$264.5M+340.7%	-$109.9M+81.2%	-$583.7M-987.0%	-$53.7M-120.1%	-$24.4M-34.1%	-$18.2M-231.9%	$13.8M+101.0%	-$1.3B-310.5%	-$324.5M+74.4%	-$1.3B	N/A	N/A	N/A
Financing Cash Flow	-$1.1B	-$1.1B+2.3%	-$1.2B-55.1%	-$758.3M+45.9%	-$1.4B-75.7%	-$798.3M-75.3%	-$455.4M+51.3%	-$934.7M+4.9%	-$983.1M+17.4%	-$1.2B-692.2%	$200.9M+123.4%	-$857.7M-1005.3%	-$77.6M	N/A	N/A	N/A
Dividends Paid	N/A	$1.0M-28.6%	$1.4M-6.7%	$1.5M-6.3%	$1.6M-5.9%	$1.7M-89.9%	$16.8M-74.3%	$65.3M+1.4%	$64.4M+43.4%	$44.9M	$0	$0	N/A	N/A	N/A	N/A
Share Buybacks	$793.6M	$706.3M-0.5%	$709.8M+107.6%	$341.9M-52.1%	$713.8M+19.9%	$595.3M+77.6%	$335.1M-5.9%	$356.1M-28.2%	$496.1M+41.2%	$351.3M+951.8%	$33.4M-91.9%	$413.7M+116.8%	$190.8M+1115.3%	$15.7M-74.2%	$60.9M-0.2%	$61.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$239.0M+3.6%	$299.3M+43.3%	$256.4M+20.7%	$277.1M+4.5%	$230.8M-5.9%	$208.9M-0.1%	$212.5M-16.6%	$265.2M-9.8%
Stock-Based Compensation	$10.2M-6.4%	$6.9M-70.9%	N/A	$12.5M+22.5%	$10.9M+0.9%	$23.7M-38.9%	N/A	$10.2M-29.7%
Capital Expenditures	$0-100.0%	$3.8M+137.5%	$1.9M+72.7%	$1.2M+71.4%	$1.4M+133.3%	$1.6M+60.0%	$1.1M-81.0%	$700K-73.1%
Free Cash Flow	$239.0M+4.2%	$295.5M+42.5%	$254.5M+20.4%	$275.9M+4.3%	$229.4M-6.2%	$207.3M-0.4%	$211.4M-15.1%	$264.5M-9.2%
Investing Cash Flow	$9.7M+102.0%	-$229.0M-543.3%	$52.5M+517.6%	$270.7M+385.1%	-$493.7M-305.5%	-$35.6M-147.8%	$8.5M+104.0%	$55.8M-70.1%
Financing Cash Flow	-$211.7M-5.1%	-$277.3M+12.5%	-$200.1M+26.4%	-$430.2M-128.8%	-$201.5M+51.3%	-$316.9M-4.8%	-$271.8M-16.0%	-$188.0M+27.4%
Dividends Paid	N/A	N/A	$200K-50.0%	$300K0.0%	$200K-50.0%	$300K0.0%	$400K+33.3%	$300K-25.0%
Share Buybacks	$179.7M+77.4%	$185.1M+5.1%	$353.1M+193.5%	$75.7M-27.8%	$101.3M-69.5%	$176.2M+15.5%	$120.3M-6.2%	$104.9M-38.0%

Not reported in any period shown, so not listed: Depreciation & Amortization.

MGRE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MGRE quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	48.1%+1.0pp	47.1%	N/A	N/A	N/A	N/A	N/A
Net Margin	34.5%+9.5pp	25.1%-7.6pp	32.7%-16.5pp	49.2%+25.7pp	23.4%+13.5pp	10.0%+9.3pp	0.7%-9.5pp	10.2%-19.7pp	29.9%+8.4pp	21.5%	N/A	N/A	N/A	N/A	N/A
Return on Equity	22.1%+6.8pp	15.3%-3.5pp	18.8%-16.7pp	35.5%+15.2pp	20.3%+13.0pp	7.3%+6.7pp	0.5%-6.5pp	7.0%-11.0pp	18.0%+5.0pp	13.1%-4.9pp	18.0%+1.4pp	16.5%-0.4pp	16.9%+8.5pp	8.3%-0.5pp	8.8%
Return on Assets	7.8%+2.0pp	5.8%-1.6pp	7.4%-5.5pp	12.9%+6.5pp	6.4%+3.8pp	2.6%+2.4pp	0.2%-2.8pp	3.0%-5.0pp	7.9%+2.5pp	5.4%-1.2pp	6.6%+0.9pp	5.7%-0.1pp	5.7%+2.9pp	2.8%-0.4pp	3.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2.43+0.3x	2.10
Debt-to-Equity	0.830.0x	0.78+0.1x	0.71-0.1x	0.78-0.1x	0.89+0.1x	0.83+0.2x	0.61+0.1x	0.53+0.3x	0.210.0x	0.240.0x	0.23-0.1x	0.33+0.1x	0.25+0.1x	0.16-1.6x	1.80
Asset Turnover	0.230.0x	0.230.0x	0.230.0x	0.260.0x	0.270.0x	0.260.0x	0.290.0x	0.290.0x	0.260.0x	0.25	N/A	N/A	N/A	N/A	N/A
FCF Margin	46.6%+1.1pp	45.5%+3.6pp	41.9%-2.9pp	44.8%-7.1pp	51.8%+2.5pp	49.4%+8.3pp	41.1%-6.1pp	47.2%-2.8pp	50.0%+3.0pp	46.9%	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	29.0%+11.9pp	20.3%+5.7pp	62.4%+31.5pp	40.2%+16.3pp	17.1%+1.9pp	14.6%-15.4pp	30.9%-8.1pp	23.9%-17.4pp
Return on Equity	6.1%+3.5pp	3.6%+1.3pp	10.7%+5.9pp	6.3%+2.6pp	2.6%+0.3pp	2.3%-1.9pp	4.9%-0.6pp	3.7%-2.5pp
Return on Assets	2.0%+1.0pp	1.2%+0.3pp	3.8%+1.9pp	2.4%+1.0pp	1.0%+0.1pp	0.8%-0.8pp	1.8%-0.3pp	1.4%-1.0pp
Debt-to-Equity	0.99+0.2x	0.94+0.1x	0.830.0x	0.71-0.1x	0.81+0.1x	0.82+0.1x	0.78+0.1x	0.79+0.1x
Asset Turnover	0.070.0x	0.060.0x	0.060.0x	0.060.0x	0.060.0x	0.060.0x	0.060.0x	0.060.0x
FCF Margin	37.3%-9.2pp	54.2%+12.5pp	45.7%+5.4pp	52.3%+1.0pp	46.5%-2.4pp	41.7%+0.1pp	40.3%-9.2pp	51.2%-4.2pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Where Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 Ranks

Frequently Asked Questions

What is Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's annual revenue?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) reported $2.1B in total revenue for fiscal year 2025. This represents a 1.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's revenue growing?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) revenue grew by 1.6% year-over-year, from $2.0B to $2.1B in fiscal year 2025.

Is Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 profitable?

Yes, Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) reported a net income of $716.6M in fiscal year 2025, with a net profit margin of 34.5%.

What is Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's earnings per share (EPS)?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) reported diluted earnings per share of $22.74 for fiscal year 2025. This represents a 50.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 have?

As of fiscal year 2025, Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) had $586.0M in cash and equivalents against $2.7B in long-term debt.

What is Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's net profit margin?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) had a net profit margin of 34.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 pay dividends?

Yes, Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) paid $0.04 per share in dividends during fiscal year 2025.

What is Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's return on equity (ROE)?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) has a return on equity of 22.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's free cash flow?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) generated $967.1M in free cash flow during fiscal year 2025. This represents a 4.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's operating cash flow?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) generated $973.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's total assets?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) had $9.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's capital expenditures?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) invested $6.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 buy back shares?

Yes, Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) spent $706.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 have outstanding?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) had 27M shares outstanding as of fiscal year 2025.

What is Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's debt-to-equity ratio?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) had a debt-to-equity ratio of 0.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's return on assets (ROA)?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) had a return on assets of 7.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's Piotroski F-Score?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064's earnings high quality?

Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 2064 (MGRE) has an earnings quality ratio of 1.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.