Affiliated Managers Group, Inc.

AMGNYSEFinancial Services● Active

$342.87

+$6.06(+1.80%)

Market Cap$9.1B

P/E Ratio—

52W High$345.07

52W Low$179.04

Avg Volume345K

Open$337.09

Beta1.14

Free Cash Flow Financials Revenue

Affiliated Managers Group, Inc. (AMG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AMG · free cash flow · updated Jun 8, 2026

Core FCF metrics

AMG · FCF · TTM · margin & CAGR

Free cash flow was $1.00B for FY2025 (fiscal year ending 2025-12-31), up 8.2% year-over-year The FCF margin was 41.1%. Five-year CAGR stands at +0.1%.

FY2025 Free Cash Flow$1.00B▲ +8.2% YoY

Trailing 12M (TTM)$1.07Btrailing 4 quarters sum

FCF Margin41.1%$1.00B ÷ revenue

3-Year CAGR-1.3%FY2022 → FY2025

5-Year CAGR+0.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AMG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.01B(6M)$1.00B▲ +8.2%41.1%

FY2024$932.1M(3M)$928.7M▲ +7.8%45.5%

FY2023$874.3M(12M)$861.9M▼ 17.4%41.9%

FY2022$1.05B(11M)$1.04B▼ 16.6%44.8%

FY2021$1.26B(8M)$1.25B▲ +25.0%51.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AMG · P/FCF · FCF yield · FCF per share

Affiliated Managers Group, Inc. (AMG) trades at a FCF yield of 12.03% and a price-to-free-cash-flow ratio of 9.1x. FCF per share stands at $37.55, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

12.03%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$37.55

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AMG · cash flow statement · operating / investing / financing

For FY2025, Affiliated Managers Group, Inc. generated $1.01B in operating cash flow and spent 6M in capital expenditures, yielding $1.00B in free cash flow.

Operating Activities

+$1.01B

Cash from core business operations

2025-12-31

Investing Activities

−$243.8M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.15B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.01B) − |CapEx| (6M) = FCF ($1.00B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

AMG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Affiliated Managers Group, Inc.YOU

AMG

$1.00B+8.2%41.1%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Affiliated Managers Group, Inc. (AMG) reported free cash flow of $1.00B for FY2025 (fiscal year ending 2025-12-31), up 8.2% year-over-year. The FCF margin was 41.1%.

Based on available data, Affiliated Managers Group, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.42B in FY2014. The 5-year CAGR stands at +0.1%.

Affiliated Managers Group, Inc.'s FCF yield is 12.03% and price-to-FCF ratio is 9.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AMG free cash flow · 8 questions

Affiliated Managers Group, Inc. free cash flow was $1.00B for FY2025, up 8.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.07B.

AMG free cash flowAMG FCFAMG FCF 2025AMG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Affiliated Managers Group, Inc. · Affiliated Managers Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026