T Rowe Price Grp Financials
This page shows T Rowe Price Grp (TROW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
T Rowe Price Grp has an operating margin of 33.1%, meaning the company retains $33 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 32.9% the prior year.
T Rowe Price Grp's revenue declined 100% year-over-year, from $7.1B to $7K. This contraction results in a growth score of 0/100.
T Rowe Price Grp converts 22.4% of revenue into free cash flow ($1K). This strong cash generation earns a score of 100/100.
T Rowe Price Grp earns a strong 19.2% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 77/100. This is down from 20.3% the prior year.
T Rowe Price Grp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, T Rowe Price Grp generates $0.84 in operating cash flow ($2K OCF vs $2K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
T Rowe Price Grp generated $7K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
T Rowe Price Grp generated $1K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.0% from the prior year.
T Rowe Price Grp reported $2K in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
T Rowe Price Grp held $3K in cash against $0 in long-term debt as of fiscal year 2025.
T Rowe Price Grp paid $4.88 per share in dividends in fiscal year 2025.
T Rowe Price Grp had 218M shares outstanding in fiscal year 2025. This represents a decrease of 2.0% from the prior year.
T Rowe Price Grp's operating margin was 33.1% in fiscal year 2025, reflecting core business profitability. This is up 0.3 percentage points from the prior year.
T Rowe Price Grp's net profit margin was 31.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.
T Rowe Price Grp's ROE was 19.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.1 percentage points from the prior year.
T Rowe Price Grp spent $621 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
T Rowe Price Grp invested $274 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
TROW Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B+2.1% | $1.9B+9.9% | $1.7B-2.3% | $1.8B-3.3% | $1.8B+2.2% | $1.8B+3.0% | $1.7B-1.0% | $1.8B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $471.0M-26.8% | $643.2M+34.5% | $478.3M-19.8% | $596.3M+4.9% | $568.4M-7.4% | $613.6M+8.7% | $564.7M-3.7% | $586.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $152.5M-21.8% | $195.1M+23.7% | $157.7M-2.6% | $161.9M+3.6% | $156.3M-15.8% | $185.7M+16.3% | $159.7M-12.3% | $182.1M |
| Net Income | $445.3M-31.1% | $646.1M+27.9% | $505.2M+3.0% | $490.5M+11.5% | $439.9M-27.0% | $603.0M+24.7% | $483.4M-15.8% | $573.8M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TROW Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.3B-2.6% | $14.7B+2.7% | $14.3B+2.5% | $14.0B+3.9% | $13.5B-1.7% | $13.7B+4.7% | $13.1B+1.8% | $12.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $3.4B-7.1% | $3.6B+18.8% | $3.1B+7.8% | $2.8B+7.1% | $2.6B-16.5% | $3.2B+16.9% | $2.7B+12.3% | $2.4B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $931.2M+3.5% | $899.4M+4.4% | $861.8M-7.8% | $934.6M+6.5% | $877.4M-1.4% | $890.0M+5.1% | $846.9M-4.1% | $883.0M |
| Goodwill | $2.6B0.0% | $2.6B0.0% | $2.6B0.0% | $2.6B0.0% | $2.6B0.0% | $2.6B0.0% | $2.6B0.0% | $2.6B |
| Total Liabilities | $2.3B-17.1% | $2.8B+9.2% | $2.5B+2.8% | $2.5B+21.7% | $2.0B-18.8% | $2.5B+9.8% | $2.3B+3.6% | $2.2B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $10.9B+0.4% | $10.8B+2.4% | $10.6B+1.6% | $10.4B+0.5% | $10.3B+0.9% | $10.2B+3.2% | $9.9B+1.5% | $9.8B |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TROW Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.7M-103.1% | $609.3M+15.0% | $529.9M-16.3% | $632.9M+324.5% | -$281.9M-143.2% | $652.5M-3.7% | $677.7M+6.3% | $637.3M |
| Capital Expenditures | $66.7M+5.4% | $63.3M+1.8% | $62.2M-24.1% | $82.0M-27.4% | $113.0M+8.0% | $104.6M+1.3% | $103.3M+0.8% | $102.5M |
| Free Cash Flow | -$85.4M-115.6% | $546.0M+16.7% | $467.7M-15.1% | $550.9M+239.5% | -$394.9M-172.1% | $547.9M-4.6% | $574.4M+7.4% | $534.8M |
| Investing Cash Flow | $249.2M+557.5% | $37.9M+521.1% | -$9.0M+81.2% | -$47.8M-112.4% | -$22.5M+63.5% | -$61.6M+27.4% | -$84.8M-886.0% | -$8.6M |
| Financing Cash Flow | -$491.8M-400.3% | -$98.3M+64.4% | -$275.9M+32.9% | -$411.4M-97.4% | -$208.4M-36.5% | -$152.7M+50.4% | -$307.7M-14.9% | -$267.8M |
| Dividends Paid | $284.5M+0.4% | $283.4M-0.8% | $285.6M-1.3% | $289.5M+1.7% | $284.6M+1.2% | $281.3M-0.7% | $283.2M-1.2% | $286.5M |
| Share Buybacks | $139.1M-9.4% | $153.5M+35.7% | $113.1M-47.4% | $215.2M+216.0% | $68.1M-7.5% | $73.6M-34.5% | $112.4M+35.3% | $83.1M |
TROW Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 24.3%-9.6pp | 34.0%+6.2pp | 27.8%-6.1pp | 33.8%+2.7pp | 31.1%-3.2pp | 34.4%+1.8pp | 32.6%-0.9pp | 33.5% |
| Net Margin | 23.0%-11.1pp | 34.1%+4.8pp | 29.3%+1.5pp | 27.8%+3.7pp | 24.1%-9.7pp | 33.8%+5.9pp | 27.9%-4.9pp | 32.8% |
| Return on Equity | 4.1%-1.9pp | 6.0%+1.2pp | 4.8%+0.1pp | 4.7%+0.5pp | 4.3%-1.6pp | 5.9%+1.0pp | 4.9%-1.0pp | 5.9% |
| Return on Assets | 3.1%-1.3pp | 4.4%+0.9pp | 3.5%+0.0pp | 3.5%+0.2pp | 3.3%-1.1pp | 4.4%+0.7pp | 3.7%-0.8pp | 4.5% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.21-0.0 | 0.26+0.0 | 0.240.0 | 0.24+0.0 | 0.20-0.0 | 0.24+0.0 | 0.230.0 | 0.22 |
| FCF Margin | -4.4%-33.3pp | 28.8%+1.7pp | 27.1%-4.1pp | 31.2%+52.9pp | -21.6%-52.3pp | 30.7%-2.5pp | 33.1%+2.6pp | 30.6% |
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Frequently Asked Questions
What is T Rowe Price Grp's annual revenue?
T Rowe Price Grp (TROW) reported $7K in total revenue for fiscal year 2025. This represents a -100.0% 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 T Rowe Price Grp's revenue growing?
T Rowe Price Grp (TROW) revenue declined by 100% year-over-year, from $7.1B to $7K in fiscal year 2025.
Is T Rowe Price Grp profitable?
Yes, T Rowe Price Grp (TROW) reported a net income of $2K in fiscal year 2025, with a net profit margin of 31.6%.
What is T Rowe Price Grp's earnings per share (EPS)?
T Rowe Price Grp (TROW) reported diluted earnings per share of $9.24 for fiscal year 2025. 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.
What is T Rowe Price Grp's operating margin?
T Rowe Price Grp (TROW) had an operating margin of 33.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is T Rowe Price Grp's net profit margin?
T Rowe Price Grp (TROW) had a net profit margin of 31.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does T Rowe Price Grp pay dividends?
Yes, T Rowe Price Grp (TROW) paid $4.88 per share in dividends during fiscal year 2025.
What is T Rowe Price Grp's return on equity (ROE)?
T Rowe Price Grp (TROW) has a return on equity of 19.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is T Rowe Price Grp's free cash flow?
T Rowe Price Grp (TROW) generated $1K in free cash flow during fiscal year 2025. This represents a -100.0% 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 T Rowe Price Grp's operating cash flow?
T Rowe Price Grp (TROW) generated $2K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are T Rowe Price Grp's total assets?
T Rowe Price Grp (TROW) had $2K in total assets as of fiscal year 2025, including both current and long-term assets.
What are T Rowe Price Grp's capital expenditures?
T Rowe Price Grp (TROW) invested $274 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does T Rowe Price Grp buy back shares?
Yes, T Rowe Price Grp (TROW) spent $621 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does T Rowe Price Grp have outstanding?
T Rowe Price Grp (TROW) had 218M shares outstanding as of fiscal year 2025.
What is T Rowe Price Grp's debt-to-equity ratio?
T Rowe Price Grp (TROW) had a debt-to-equity ratio of -0.85 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is T Rowe Price Grp's return on assets (ROA)?
T Rowe Price Grp (TROW) had a return on assets of 130.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is T Rowe Price Grp's Piotroski F-Score?
T Rowe Price Grp (TROW) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are T Rowe Price Grp's earnings high quality?
T Rowe Price Grp (TROW) has an earnings quality ratio of 0.84x, considered mixed 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.
How financially healthy is T Rowe Price Grp?
T Rowe Price Grp (TROW) scores 69 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.