Acadian Asset Management Inc (AAMI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.02	$1.33	+30.4%	—	$185.1M	—
Q1 26	$0.86	$1.05	+22.1%	—	$167M	—
Q4 25	$1.28	$1.32	+3.1%	—	$172.2M	—
Q3 25	$0.76	$0.76	0.0%	—	$144.2M	—
Q2 25	$0.53	$0.64	+20.8%	—	$127.4M	—
Q1 25	$0.49	$0.54	+10.2%	—	$119.9M	—
Q4 24	$0.94	$1.3	+38.3%	—	$167.8M	—
Q3 24	$0.48	$0.59	+22.9%	—	$123.1M	—
Q2 24	$0.41	$0.45	+9.8%	—	$109M	—
Q1 24	$0.35	$0.44	+25.7%	—	$105.7M	—
Q4 23	$0.59	$0.77	+30.5%	—	$131.2M	—
Q3 23	$0.29	$0.45	+55.2%	—	$107.3M	—
Q2 23	$0.28	$0.28	0.0%	—	$96.3M	—
Q1 23	$0.27	$0.28	+3.7%	—	$91.8M	—
Q4 22	$0.36	$0.67	+86.1%	—	$122.7M	—
Q3 22	$0.29	$0.3	+3.4%	—	$86.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.21	—	—	$563.7M	—
FY24	—	$2.25	—	—	$505.6M	—
FY23	—	$1.59	—	—	$426.6M	—
FY22	—	$2.39	—	—	$417.2M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$663.5M	$887.4M	$928.2M	$594.6M	$499.5M	$523.8M	$417.2M	$426.6M	$505.6M	$563.7M
YoY change	-5.12%	+33.7%	+4.6%	-35.9%	-16%	+4.86%	-20.4%	+2.25%	+18.5%	+11.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	663.5M	887.4M	928.2M	594.6M	499.5M	523.8M	417.2M	426.6M	505.6M	563.7M
Cost of revenue	397.6M	685.2M	697.3M	248.9M	243.3M	284.6M	159.6M	220.7M	266.4M	323M
Gross profit	265.9M	202.2M	230.9M	345.7M	256.2M	239.2M	257.6M	205.9M	239.2M	240.7M
Gross margin	40.1%	22.8%	24.9%	58.1%	51.3%	45.7%	61.7%	48.3%	47.3%	42.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	98.3M	112.9M	126M	107.1M	88M	71.2M	71.1M	82.6M	85.2M	92M
Operating expenses	98.5M	115.3M	126.9M	107.5M	88M	71.2M	71.1M	82.6M	85.2M	92M
Operating income	155.6M	71M	83.8M	222.2M	148.1M	145.8M	167.9M	106M	135.5M	132.1M
Operating margin	23.5%	8%	9.03%	37.4%	29.6%	27.8%	40.2%	24.8%	26.8%	23.4%
Non-operating income, net	16.1M	94.7M	73.1M	21M	224.6M	56.9M	-3.4M	4M	6.1M	29.1M
Pretax income	160.8M	142M	135.2M	213.2M	344.8M	178.1M	144.8M	96.5M	125.7M	143.2M
Income tax	40.8M	132.8M	5M	10.5M	97.1M	50M	44.2M	29.4M	38.9M	36.6M
Net income	126.2M	9.1M	130.3M	240M	315.5M	896.4M	100.6M	67.1M	86.8M	106.6M
Net margin	19%	1.03%	14%	40.4%	63.2%	171.1%	24.1%	15.7%	17.2%	18.9%
EBITDA	168M	104.6M	110.8M	243.6M	171.7M	170.8M	187.3M	129.4M	157.5M	152.4M
EPS	1.05	0.04	1.27	2.45	3.53	10.7	2.39	1.59	2.25	2.21
Diluted EPS	1.05	0.04	1.26	2.45	3.49	10.3	2.33	1.55	2.22	2.21

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	107.3M	131.2M	105.7M	109M	123.1M	167.8M	119.9M	127.4M	144.2M	172.2M	167M	185.1M
Cost of revenue	53.8M	67.4M	58.2M	62.3M	69.8M	76.1M	61.5M	85.2M	90M	86.3M	96.6M	122M
Gross profit	53.5M	63.8M	47.5M	46.7M	53.3M	91.7M	58.4M	42.2M	54.2M	85.9M	70.4M	63.1M
Gross margin	49.9%	48.6%	44.9%	42.8%	43.3%	54.6%	48.7%	33.1%	37.6%	49.9%	42.2%	34.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	18.8M	23.6M	20M	21.1M	21.8M	22.3M	22.3M	21.8M	23.5M	24.4M	24.9M	27M
Operating expenses	18.8M	23.6M	20M	21.1M	21.8M	22.3M	22.3M	21.8M	23.5M	24.4M	24.9M	27M
Operating income	30.2M	35.6M	22.9M	20.6M	27M	65M	31.9M	16.2M	26.6M	57.4M	41.9M	32.4M
Operating margin	28.1%	27.1%	21.7%	18.9%	21.9%	38.7%	26.6%	12.7%	18.4%	33.3%	25.1%	17.5%
Non-operating income, net	400K	2M	2.6M	900K	5.5M	-2.9M	3.9M	11.9M	11.5M	1.8M	-1.8M	9.2M
Pretax income	27.5M	34.9M	21.8M	17.1M	28.4M	58.4M	32.1M	23.6M	34.4M	53.1M	37.6M	38.8M
Income tax	7.7M	11.1M	6.1M	5.6M	9.4M	17.8M	8.3M	4.5M	7.4M	16.4M	13.2M	9.4M
Net income	19.8M	23.8M	15.7M	11.5M	19M	40.6M	23.8M	19.1M	27M	36.7M	24.4M	29.4M
Net margin	18.5%	18.1%	14.9%	10.6%	15.4%	24.2%	19.8%	15%	18.7%	21.3%	14.6%	15.9%
EBITDA	36.4M	42M	28.8M	26.5M	32.1M	70.1M	37.2M	21.2M	31.6M	62.4M	46.4M	36.9M
EPS	0.47	—	0.37	0.29	0.46	1.14	0.54	0.28	0.42	0.97	0.68	0.77
Diluted EPS	0.46	—	0.37	0.29	0.45	1.13	0.54	0.28	0.42	0.97	0.68	0.76

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.7B	1.9B	1.1B	—	—	2B	—	795M	995.7M	1.7B	3.3B
Enterprise value	2B	2.1B	1.2B	—	—	2.2B	—	994.5M	1.2B	1.9B	3.6B
Shares outstanding	119.2M	110.7M	107.4M	91.2M	81.3M	77.2M	42.1M	41.5M	37.8M	36.2M	36.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	13.7	203.8	8.8	—	—	2.21	—	11.8	11.5	16	33.1
P/S	2.6	2.09	1.24	—	—	3.77	—	1.86	1.97	3.02	4.97
P/B	10.1	10.8	6.51	—	—	-112.3	—	16.1	11.4	20.3	36.1
EV/EBITDA	12	20	10.8	—	—	12.9	—	7.69	7.89	12.2	20.5
EV/Sales	3.04	2.36	1.29	—	—	4.19	—	2.33	2.46	3.3	5.33
Earnings yield	7.3%	0.49%	11.4%	—	—	45.3%	—	8.44%	8.72%	6.27%	3.02%
FCF yield	7.19%	6.8%	15.1%	—	—	-1.35%	—	6.86%	4.61%	-0.84%	6.94%
PEG	—	—	—	—	—	—	—	—	—	—	0.19

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	40.1%	22.8%	24.9%	58.1%	51.3%	45.7%	61.7%	48.3%	47.3%	42.7%	34.1%
Operating margin	23.5%	8%	9.03%	37.4%	29.6%	27.8%	40.2%	24.8%	26.8%	23.4%	17.6%
Net margin	19%	1.03%	14%	40.4%	63.2%	171.1%	24.1%	15.7%	17.2%	18.9%	15.2%
ROE	74%	5.31%	74%	121%	82.1%	-5.1K%	-465.7%	135.6%	99.7%	126.9%	106.8%
ROA	9.76%	0.61%	8.39%	16.9%	22.9%	125.4%	19.4%	11%	12.3%	15.7%	12.9%
ROIC	25.2%	1.12%	35.3%	30.2%	21.2%	51.7%	53.2%	29.6%	28%	40.3%	34.8%
Return on tangible assets	21.8%	1.16%	15.1%	32.4%	24.6%	133%	21%	11.8%	13.1%	16.8%	14.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.91	2.06	3.3	1.47	2.65	11.7	6.84	7.01	6.38	1.16	1.05
Quick ratio	0.91	2.06	3.3	1.47	2.65	11.7	6.84	7.01	6.38	1.16	0.87
Debt / equity	2.3	2.49	2.23	3.08	1.27	-26.8	-16.2	7	3.92	3.11	1.93
Debt / assets	0.3	0.29	0.25	0.43	0.35	0.66	0.67	0.57	0.49	0.39	0.3
Net debt / EBITDA	1.73	2.29	0.48	2.05	0.69	1.29	1.29	1.54	1.57	1.05	1.09
Interest coverage	15.2	6.8	6.43	7.62	13.1	8.18	8.06	5.92	7.48	7.6	9.81
Effective tax rate	25.4%	93.5%	3.7%	4.92%	28.2%	28.1%	30.5%	30.5%	30.9%	25.6%	28.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.57	8.02	8.64	6.52	6.14	6.78	9.92	10.3	13.4	15.6	18.7
EPS (basic)	1.05	0.04	1.27	2.45	3.53	10.7	2.39	1.59	2.25	2.21	2.21
EPS (diluted)	1.05	0.04	1.26	2.45	3.49	10.3	2.33	1.55	2.22	2.21	2.83
Book value per share	1.43	1.55	1.64	2.18	4.73	-0.23	-0.51	1.19	2.3	2.32	2.59
FCF per share	1.04	1.14	1.61	-1.88	0.8	-0.34	2.39	1.31	1.21	-0.4	-1.4
Cash per share	0.85	1.68	3.17	1.22	4.57	3.26	2.58	3.54	2.51	2.8	1.82
Capex per share	0.11	0.12	0.2	0.36	0.31	0.2	0.38	0.33	0.26	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.03%	1.54%	2.34%	5.53%	5.13%	2.88%	3.86%	3.23%	1.96%	—	—
Capex / operating cash flow	10.5%	7.54%	9.18%	-20%	9.67%	-32.7%	11.2%	21.3%	18.8%	—	—
Payout ratio	30.5%	426.4%	32.6%	15%	3.45%	0.32%	1.19%	2.98%	1.73%	1.41%	7.77%
Dividend yield	2.23%	2.09%	3.71%	—	—	0.15%	—	0.25%	0.15%	0.09%	0.43%

Yield

0.43%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.10

ex-dividend Sep 11, 2026

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 11, 2026	$0.10
Jun 12, 2026	$0.10
Mar 13, 2026	$0.10
Dec 12, 2025	$0.01
Sep 12, 2025	$0.01
Jun 13, 2025	$0.01

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$107.3M	$131.2M	$105.7M	$109M	$123.1M	$167.8M	$119.9M	$127.4M	$144.2M	$172.2M	$167M	$185.1M
YoY change	+23.6%	+6.93%	+15.1%	+13.2%	+14.7%	+27.9%	+13.4%	+16.9%	+17.1%	+2.62%	+39.3%	+45.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	101.9M	186.3M	340.6M	111.3M	371.3M	252.1M	108.4M	146.8M	94.8M	101.2M
Receivables	163.7M	208.3M	159.1M	151.9M	100.6M	167.1M	122.5M	143.4M	164.7M	178.5M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	266M	438.7M	508.5M	299.1M	923.9M	424.1M	245.7M	293.7M	266.2M	305.8M
Property, plant & equipment	36.9M	38.8M	46.1M	100.6M	141.4M	115.3M	107.6M	101.4M	88.2M	78.6M
Goodwill & intangibles	713.2M	705.8M	692.6M	679.4M	99M	40.6M	40.6M	40.6M	40.6M	40.6M
Total assets	1.3B	1.5B	1.6B	1.4B	1.4B	714.8M	518.7M	611.4M	703.2M	677M
Accounts payable	5.1M	7.7M	22.1M	12.9M	6.7M	5M	5M	8.8M	7.2M	28.6M
Short-term debt	—	—	—	140M	—	—	—	—	—	200M
Total current liabilities	292.3M	212.7M	154M	203.2M	348.7M	36.3M	35.9M	41.9M	41.7M	263.5M
Long-term debt	392.3M	426.3M	393.3M	471.3M	489.1M	472.5M	349.3M	346.3M	341.6M	61.4M
Total liabilities	1.1B	1.3B	1.4B	1.2B	994.8M	732.4M	540.3M	561.9M	616.1M	593M
Shareholders' equity	170.5M	171.3M	176.1M	198.4M	384.4M	-17.6M	-21.6M	49.5M	87.1M	84M
Total debt	392.3M	426.3M	393.3M	611.3M	489.1M	472.5M	349.3M	346.3M	341.6M	261.4M
Net debt	290.4M	240M	52.7M	500M	117.8M	220.4M	240.9M	199.5M	246.8M	160.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	143.1M	146.8M	102.2M	71.6M	53.6M	94.8M	119.6M	90.2M	117.3M	101.2M	129M	64.6M
Receivables	103.8M	143.4M	119M	112.3M	119.2M	164.7M	132M	124.2M	139M	178.5M	190M	213.6M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	252.8M	293.7M	222M	193.6M	195.8M	266.2M	255.2M	224.8M	291.4M	305.8M	340.1M	306.1M
Property, plant & equipment	104.2M	101.4M	97.6M	93.7M	90.2M	88.2M	84.8M	82.3M	79.6M	78.6M	77.2M	77.7M
Goodwill & intangibles	40.6M	40.6M	40.6M	40.6M	40.6M	40.6M	40.6M	40.6M	40.6M	40.6M	40.6M	40.6M
Total assets	553M	611.4M	544.9M	533.1M	555.2M	703.2M	677.3M	672.3M	751.4M	677M	715.4M	856.9M
Accounts payable	24.2M	8.8M	22.6M	29.6M	37.2M	7.2M	27.1M	32.9M	56.8M	28.6M	54.5M	151.2M
Short-term debt	13M	—	73M	36M	—	—	80M	20M	—	200M	285M	200M
Total current liabilities	38.5M	41.9M	102.8M	67.5M	39.3M	41.7M	113.3M	55.4M	59.2M	263.5M	356.5M	353.2M
Long-term debt	347.7M	346.3M	344.6M	343.2M	341.8M	341.6M	339.9M	338.3M	336.9M	61.4M	59.5M	57.5M
Total liabilities	521.8M	561.9M	555.1M	551.9M	559M	616.1M	584.8M	585.4M	640.1M	593M	616M	723.7M
Shareholders' equity	31.2M	49.5M	-10.2M	-18.8M	-3.8M	87.1M	92.5M	86.9M	111.3M	84M	99.4M	133.2M
Total debt	360.7M	346.3M	417.6M	379.2M	341.8M	341.6M	419.9M	358.3M	336.9M	261.4M	344.5M	257.5M
Net debt	217.6M	199.5M	315.4M	307.6M	288.2M	246.8M	300.3M	268.1M	219.6M	160.2M	215.5M	192.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	126.2M	9.1M	130.3M	240M	247.3M	819.1M	100.6M	65.8M	85M	80M
Depreciation & amortization	12M	18.3M	21.1M	16.4M	20.1M	22.2M	18.6M	17.3M	18.5M	16.6M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-63.1M	5.5M	-13.1M	-324.6M	-22.9M	-238.7M	42.8M	-19M	-22.4M	45M
Operating cash flow	128.6M	181.8M	236.4M	-164.5M	264.6M	-46.2M	143.6M	64.8M	52.8M	-2.4M
Capital expenditure	-13.5M	-13.7M	-21.7M	-32.9M	-25.6M	-15.1M	-16.1M	-13.8M	-9.9M	—
Investing cash flow	-284.2M	54.8M	17.4M	18.4M	275.9M	86.7M	-13M	-43.9M	-50.1M	27.6M
Dividends paid	-38.5M	-38.8M	-42.5M	-36M	-10.9M	-2.9M	-1.2M	-2M	-1.5M	-1.5M
Share repurchases	-98.6M	-74.1M	-71.2M	-239.8M	-46M	-1.1B	-103.2M	-3.3M	-96.7M	-48.8M
Financing cash flow	112.9M	-96.4M	-67.4M	-104.2M	-80.5M	-1.2B	-358.7M	1.8M	-54.4M	12.1M
Net change in cash	-42.7M	140.2M	186.4M	-250.3M	460M	-1.1B	-228.1M	22.7M	-51.7M	37.3M
Free cash flow	124.2M	126M	173.4M	-171.4M	64.9M	-26.6M	100.7M	54.5M	45.9M	-14.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	19.8M	22.5M	14.6M	12.6M	19M	38.8M	20.1M	22.8M	27M	10.1M	24.3M	29.5M
Depreciation & amortization	4.5M	4.6M	4.6M	5M	4.5M	4.4M	4.2M	4.2M	4.1M	4.1M	3.6M	3.7M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-17.5M	-21.6M	13.8M	-900K	4M	-39.3M	22.9M	-200K	101.4M	-79.1M	-1.6M	28.5M
Operating cash flow	-1.4M	13.2M	36.9M	22M	52.3M	-58.4M	55.6M	61.6M	-23.9M	8.7M	-44.9M	26M
Capital expenditure	-2.8M	-3.1M	-2.4M	-2.6M	-2.4M	-2.5M	-2.5M	—	—	—	—	—
Investing cash flow	-13M	-32.7M	-1.4M	-17.4M	-29.5M	-1.8M	11.8M	200K	-47.4M	60.5M	-300K	-2.2M
Dividends paid	-500K	-300K	-400K	-400K	-400K	-300K	-400K	-400K	-300K	-400K	-3.6M	-3.6M
Share repurchases	0	-3.3M	-74.3M	-20.6M	0	-1.8M	-17.8M	-26M	-5M	0	-4.7M	-11.1M
Financing cash flow	-42.8M	-31.3M	-2.6M	-58M	-42.4M	48.5M	61.6M	-88.5M	118.9M	-79.9M	74.6M	-82.5M
Net change in cash	-57.2M	-50.8M	32.9M	-53.4M	-19.6M	-11.7M	129M	-26.7M	47.6M	-10.7M	29.4M	-58.7M
Free cash flow	18.4M	39.6M	-42.8M	43.1M	67.2M	-21.6M	-51.3M	58.7M	-26.7M	5M	-48.8M	20.4M

Acadian Asset Management Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement