AssetMark Financial Holdings, Inc.

AMKNYSEFinancial Services

$35.24

$-0.02(-0.06%)

Market Cap$2.6B

P/E Ratio—

52W High$37.54

52W Low$22.92

Avg Volume478K

Open$35.26

Beta1.10

Free Cash Flow Financials Revenue

AssetMark Financial Holdings, Inc. (AMK) Free Cash Flow & Analysis

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

AMK · free cash flow · updated Jun 8, 2026

Core FCF metrics

AMK · FCF · TTM · margin & CAGR

Free cash flow was $130.3M for FY2023 (fiscal year ending 2023-12-31), up 28.7% year-over-year The FCF margin was 18.4%. Five-year CAGR stands at +24.1%.

FY2023 Free Cash Flow$130.3M▲ +28.7% YoY

Trailing 12M (TTM)$120.9Mtrailing 4 quarters sum

FCF Margin18.4%$130.3M ÷ revenue

3-Year CAGR+39.6%FY2020 → FY2023

5-Year CAGR+24.1%FY2018 → FY2023

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

AMK · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2023Latest$174.7M(44M)$130.3M▲ +28.7%18.4%

FY2022$140.3M(39M)$101.2M▲ +7.3%16.4%

FY2021$129.0M(35M)$94.3M▲ +97.0%17.8%

FY2020$76.9M(29M)$47.9M▲ +53.9%11.1%

FY2019$53.6M(22M)$31.1M▼ 29.7%7.5%

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

FCF valuation metrics

AMK · P/FCF · FCF yield · FCF per share

AssetMark Financial Holdings, Inc. (AMK) trades at a FCF yield of 4.94% and a price-to-free-cash-flow ratio of 21.6x. FCF per share stands at $1.63, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.94%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.63

TTM FCF ÷ Shares Outstanding

Price / FCF

x21.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x19.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2023 · 2023-12-31

Cash flow statement summary

AMK · cash flow statement · operating / investing / financing

For FY2023, AssetMark Financial Holdings, Inc. generated $174.7M in operating cash flow and spent 44M in capital expenditures, yielding $130.3M in free cash flow.

Operating Activities

+$174.7M

Cash from core business operations

2023-12-31

Investing Activities

−$54.6M

CapEx, acquisitions & investments

2023-12-31

Financing Activities

−$23.6M

Buybacks, dividends & debt

2023-12-31

FCF FormulaOperating CF ($174.7M) − |CapEx| (44M) = FCF ($130.3M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

AMK vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

AssetMark Financial Holdings, Inc.YOU

AMK

$130.3M+28.7%18.4%

Berkshire Hathaway Inc.

BRK-B

$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

AssetMark Financial Holdings, Inc. (AMK) reported free cash flow of $130.3M for FY2023 (fiscal year ending 2023-12-31), up 28.7% year-over-year. The FCF margin was 18.4%.

Based on available data, AssetMark Financial Holdings, Inc. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $130.3M in FY2023. The 5-year CAGR stands at +24.1%.

AssetMark Financial Holdings, Inc.'s FCF yield is 4.94% and price-to-FCF ratio is 21.6x for FY2023, 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

AMK free cash flow · 8 questions

AssetMark Financial Holdings, Inc. free cash flow was $130.3M for FY2023, up 28.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $120.9M.

AMK free cash flowAMK FCFAMK FCF 2023AMK free cash flow TTM

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