Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.19B | $2.31B | $2.38B | $2.24B | $2.03B | $2.41B | $2.33B | $2.06B | $2.04B | $2.07B |
| Revenue growth | — | 5.0% | 3.2% | -5.8% | -9.5% | 19.0% | -3.4% | -11.7% | -0.8% | 1.6% |
| Operating income | $1.03B | $1.11B | — | — | — | — | — | — | — | — |
| Operating margin | 47.1% | 48.1% | — | — | — | — | — | — | — | — |
| Net income | $473M | $690M | $244M | $15.7M | $202M | $566M | $1.15B | $673M | $512M | $717M |
| Net margin | 21.5% | 29.9% | 10.2% | 0.7% | 10.0% | 23.4% | 49.2% | 32.7% | 25.1% | 34.5% |
| EPS (diluted) | $8.57 | $12.03 | $4.52 | $0.31 | $4.33 | $13.05 | $25.35 | $17.42 | $15.13 | $22.74 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.05B | $1.17B | $1.14B | $929M | $1.01B | $1.26B | $1.05B | $874M | $932M | $973M |
| Capital expenditures | $20.2M | $18.5M | $18.7M | $9.60M | $8.50M | $8.40M | $11.4M | $12.4M | $3.40M | $6.10M |
| Free cash flow | $1.03B | $1.15B | $1.12B | $920M | $1.00B | $1.25B | $1.04B | $862M | $929M | $967M |
| Share buybacks | $33.4M | $351M | $496M | $356M | $335M | $595M | $714M | $342M | $710M | $706M |
| Dividends paid | $0.00 | $44.9M | $64.4M | $65.3M | $16.8M | $1.70M | $1.60M | $1.50M | $1.40M | $1.00M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $431M | $440M | $566M | $540M | $1.04B | $909M | $429M | $814M | $950M | $586M |
| Total assets | $8.75B | $8.70B | $8.22B | $7.65B | $7.89B | $8.88B | $8.88B | $9.06B | $8.83B | $9.21B |
| Total liabilities | $3.65B | $3.31B | $3.25B | $3.24B | $3.90B | $4.49B | $4.24B | $4.10B | $4.18B | $4.79B |
| Long-term debt | $869M | $809M | $1.83B | $1.79B | $2.31B | $2.49B | $2.54B | $2.54B | $2.62B | $2.69B |
| Shareholders' equity | $3.62B | $3.82B | $3.46B | $2.94B | $2.78B | $2.79B | $3.23B | $3.59B | $3.35B | $3.24B |
| Retained earnings | $3.05B | $3.70B | $3.88B | $3.82B | $4.01B | $4.57B | $5.72B | $6.39B | $6.90B | $7.62B |
| Shares (wtd avg diluted) | 57.0M | 58.6M | 53.8M | 50.6M | 46.7M | 44.8M | 49.0M | 42.2M | 36.1M | 33.0M |
Every figure is extracted from AFFILIATED MANAGERS GROUP, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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