9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 4.2% per year over the past 5 years.
Net income has grown slower than revenue (-22.5% vs -4.2% per year).
Operating margin has expanded, at 23.4% in the latest year.
Financial health
Total debt ($200M) exceeds cash ($124M); net debt is $76M.
Total debt has grown slower than revenue (-12.9% vs -4.2% per year).
Operating income covered interest expense 6.1× in the latest year.
Total debt is 1.5× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$564M
$80M
0.0%
23.4%
—
11.8%
—
$200M
$124M
2024
$506M
$85M
0.0%
26.8%
—
12.1%
—
$275M
$99M
2023
$427M
$66M
0.0%
24.8%
163.7%
10.8%
—
$275M
$148M
2022
$417M
$101M
0.0%
40.2%
-465.7%
19.4%
—
$275M
$121M
2021
—
$828M
—
—
-4706.8%
115.9%
—
$400M
$252M
2020
$698M
$287M
0.0%
18.9%
74.6%
20.8%
—
$400M
$373M
2019
$807M
$224M
0.0%
27.5%
195.5%
15.8%
—
$569M
$82M
2018
$905M
$136M
0.0%
9.3%
101.6%
8.8%
—
$393M
$283M
2017
$858M
$4M
0.0%
8.3%
3.3%
—
—
—
$200M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$185M
$27M
0.0%
17.5%
—
3.2%
—
—
$86M
Mar '26
$167M
$24M
0.0%
25.1%
—
3.4%
—
—
$150M
Dec '25
$172M
$35M
0.0%
33.3%
—
5.1%
—
$200M
$124M
Sep '25
$144M
$15M
0.0%
18.4%
—
2.0%
—
—
$139M
Jun '25
$127M
$10M
0.0%
12.7%
—
1.5%
—
—
$94M
Mar '25
$120M
$20M
0.0%
26.6%
—
3.0%
—
—
$123M
Dec '24
$168M
$43M
0.0%
38.7%
—
6.0%
—
$275M
$99M
Sep '24
$123M
$17M
0.0%
21.9%
—
3.0%
—
—
$71M
Jun '24
$109M
$11M
0.0%
18.9%
—
2.1%
—
—
$73M
Mar '24
$106M
$15M
0.0%
21.7%
—
2.7%
—
—
$103M
Dec '23
$131M
$23M
0.0%
27.1%
56.7%
3.7%
—
$275M
$148M
Sep '23
$107M
$20M
0.0%
28.1%
—
3.5%
—
—
$143M
Jun '23
$96M
$11M
0.0%
21.2%
—
2.0%
$36M
—
$153M
Mar '23
$92M
$12M
0.0%
21.6%
—
2.2%
-$39M
—
$167M
Dec '22
—
$30M
—
—
-140.7%
5.9%
—
$275M
$121M
Sep '22
$87M
$18M
0.0%
34.7%
-32.3%
3.7%
$29M
—
$101M
Jun '22
—
$29M
—
—
-40.3%
6.0%
$40M
—
$92M
Mar '22
—
$24M
—
—
-24.3%
4.8%
-$18M
—
$89M
Dec '21
—
$39M
—
—
-222.7%
5.5%
—
$400M
$252M
Sep '21
—
$230M
—
—
21.2%
12.4%
-$34M
—
$1.4B
Valuation over time
How the market has priced AAMI against its own fundamentals since 2025-01 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 10.4× (Jan '25) to 38.8× (Nov '26).
The price-to-sales ratio has risen from 1.7× (Jan '25) to 5.5× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is AAMI growing its revenue and profit?
Over the past 5 years, Acadian Asset Management Inc.'s revenue has declined 4.2% per year, and net income declined 22.5% per year. These are computed facts, not advice.
How much debt does AAMI have?
As of FY2025, Acadian Asset Management Inc. reported $200M of total debt against $124M of cash; operating income covered interest expense 6.1×.
What is AAMI's profit margin?
In FY2025, gross margin was —, operating margin 23.4%, and net margin 14.2%.
What is AAMI's P/E ratio?
Acadian Asset Management Inc.'s P/E (TTM) is 30.62 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AAMI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 38.8× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.