NYSE : AAMI
Acadian Asset Management Inc. — Financial statements
Financials · Asset Management · United States
Last price 88.92 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.16B
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Financial statements
Acadian Asset Management Inc. (AAMI) reported revenue of 715.50M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 715.50M | 563.70M | 505.60M | 426.60M | 417.20M | 518.10M |
| Other Revenue | 8.60M | |||||
| Revenue | 715.50M | 563.70M | 505.60M | 426.60M | 417.20M | 526.70M |
| Cost of Revenue | 413.70M | 324.00M | 266.50M | 213.40M | 159.60M | 283.70M |
| Gross Profit | 301.80M | 239.70M | 239.10M | 213.20M | 257.60M | 243.00M |
| Selling, General & Admin | 103.90M | 92.00M | 83.90M | 80.40M | 69.80M | 67.10M |
| Amortization of Goodwill & Intangibles | 100.00K | 100.00K | ||||
| Other Operating Expenses | 2.90M | |||||
| Operating Expenses | 119.60M | 108.60M | 102.40M | 97.70M | 88.40M | 92.20M |
| Operating Income | 182.20M | 131.10M | 136.70M | 115.50M | 169.20M | 150.80M |
| Interest Expense | -17.30M | -21.70M | -19.40M | -19.60M | -20.50M | -24.80M |
| Interest & Investment Income | 18.60M | 34.30M | 9.60M | 10.20M | 1.00M | 8.50M |
| EBT Excluding Unusual Items | 183.50M | 143.70M | 126.90M | 106.10M | 149.70M | 134.50M |
| Merger & Restructuring Charges | 1.00M | -1.20M | -9.50M | -1.30M | -5.00M | |
| Gain (Loss) on Sale of Investments | -100.00K | -100.00K | -100.00K | -400.00K | ||
| Gain (Loss) on Sale of Assets | 48.60M | |||||
| Other Unusual Items | -1.40M | -1.40M | -3.20M | |||
| Pretax Income | 182.00M | 143.20M | 125.70M | 96.50M | 144.80M | 178.10M |
| Income Tax Expense | 53.40M | 36.60M | 38.90M | 29.40M | 44.20M | 50.00M |
| Earnings From Continuing Operations | 128.60M | 106.60M | 86.80M | 67.10M | 100.60M | 128.10M |
| Earnings From Discontinued Operations | 768.30M | |||||
| Net Income to Company | 128.60M | 106.60M | 86.80M | 67.10M | 100.60M | 896.40M |
| Minority Interest in Earnings | -6.80M | -26.60M | -1.80M | -1.30M | -68.00M | |
| Net Income | 121.80M | 80.00M | 85.00M | 65.80M | 100.60M | 828.40M |
| Preferred Dividends & Other Adjustments | 100.00K | |||||
| Net Income to Common | 121.80M | 80.00M | 85.00M | 65.80M | 100.60M | 828.30M |
| Shares Outstanding (Basic) | 35.63M | 36.19M | 37.77M | 41.49M | 42.06M | 77.21M |
| Shares Outstanding (Diluted) | 35.71M | 36.22M | 38.33M | 42.54M | 43.16M | 80.49M |
| EPS (Basic) | 3.42 | 2.21 | 2.25 | 1.59 | 2.39 | 10.73 |
| EPS (Diluted) | 3.42 | 2.21 | 2.22 | 1.55 | 2.33 | 10.29 |
| Free Cash Flow | -14.30M | 45.90M | 54.50M | 100.70M | -26.60M | |
| Free Cash Flow Per Share | -0.40 | 1.20 | 1.28 | 2.33 | -0.33 | |
| Dividend Per Share | 0.40 | 0.13 | 0.04 | 0.04 | 0.04 | 0.04 |
| Gross Margin | 42.18% | 42.52% | 47.29% | 49.98% | 61.75% | 46.14% |
| Operating Margin | 25.46% | 23.26% | 27.04% | 27.07% | 40.56% | 28.63% |
| Profit Margin | 17.02% | 14.19% | 16.81% | 15.42% | 24.11% | 157.26% |
| Free Cash Flow Margin | -2.54% | 9.08% | 12.78% | 24.14% | -5.05% | |
| EBITDA | 197.40M | 147.70M | 155.20M | 132.80M | 187.80M | 173.00M |
| EBITDA Margin | 27.59% | 26.20% | 30.70% | 31.13% | 45.01% | 32.85% |
| D&A For EBITDA | 15.20M | 16.60M | 18.50M | 17.30M | 18.60M | 22.20M |
| EBIT | 182.20M | 131.10M | 136.70M | 115.50M | 169.20M | 150.80M |
| EBIT Margin | 25.46% | 23.26% | 27.04% | 27.07% | 40.56% | 28.63% |
| Effective Tax Rate | 29.34% | 25.56% | 30.95% | 30.47% | 30.53% | 28.07% |
| Revenue as Reported | 715.50M | 563.70M | 505.60M | 426.60M | 417.20M | 523.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 150.00M | 101.20M | 94.80M | 146.80M | 108.40M | 252.10M |
| Cash & Short-Term Investments | 150.00M | 101.20M | 94.80M | 146.80M | 108.40M | 252.10M |
| Accounts Receivable | 215.70M | 178.50M | 164.70M | 143.40M | 122.50M | 167.10M |
| Other Receivables | 2.90M | 3.00M | 2.70M | 2.00M | 4.90M | |
| Receivables | 215.70M | 181.40M | 167.70M | 146.10M | 124.50M | 172.00M |
| Restricted Cash | 23.20M | 3.70M | 800.00K | 12.80M | ||
| Total Current Assets | 365.70M | 305.80M | 266.20M | 293.70M | 245.70M | 424.10M |
| Property, Plant & Equipment | 42.90M | 78.60M | 88.20M | 101.40M | 107.60M | 115.30M |
| Long-Term Investments | 68.00M | 103.70M | 173.40M | 53.90M | 10.30M | 9.50M |
| Goodwill | 20.30M | 20.30M | 20.30M | 20.30M | 20.30M | |
| Long-Term Deferred Tax Assets | 77.50M | 78.30M | 69.70M | 64.70M | 72.40M | |
| Other Long-Term Assets | 422.50M | 91.10M | 76.80M | 72.40M | 70.10M | 73.20M |
| Total Assets | 899.10M | 677.00M | 703.20M | 611.40M | 518.70M | 714.80M |
| Accounts Payable | 177.80M | 28.60M | 7.20M | 8.80M | 5.00M | 5.00M |
| Accrued Expenses | 160.70M | 150.80M | 131.80M | 118.80M | 147.60M | |
| Current Portion of Leases | 9.70M | |||||
| Current Income Taxes Payable | 4.10M | 3.30M | 2.60M | 4.60M | 1.10M | |
| Other Current Liabilities | 265.10M | 9.30M | 20.70M | 4.10M | 2.20M | |
| Total Current Liabilities | 442.90M | 212.40M | 182.00M | 147.30M | 130.60M | 153.70M |
| Long-Term Debt | 200.00M | 200.00M | 274.30M | 273.90M | 273.50M | 394.90M |
| Long-Term Leases | 55.70M | 51.70M | 67.30M | 72.40M | 75.80M | 77.60M |
| Other Long-Term Liabilities | 128.90M | 92.50M | 68.30M | 60.40M | 106.20M | |
| Total Liabilities | 698.60M | 593.00M | 616.10M | 561.90M | 540.30M | 732.40M |
| Common Stock | 126.10M | |||||
| Additional Paid-In Capital | 1.00M | 1.50M | ||||
| Retained Earnings | 56.20M | 24.40M | 46.90M | -12.50M | -6.80M | |
| Comprehensive Income & Other | 3.40M | -4.40M | -6.70M | -10.60M | -10.80M | |
| Total Common Equity | 126.10M | 60.60M | 20.00M | 40.20M | -21.60M | -17.60M |
| Minority Interest | 74.40M | 23.40M | 67.10M | 9.30M | ||
| Shareholders' Equity | 200.50M | 84.00M | 87.10M | 49.50M | -21.60M | -17.60M |
| Total Liabilities & Equity | 899.10M | 677.00M | 703.20M | 611.40M | 518.70M | 714.80M |
| Total Debt | 255.70M | 261.40M | 341.60M | 346.30M | 349.30M | 472.50M |
| Net Cash (Debt) | -105.70M | -160.20M | -246.80M | -199.50M | -240.90M | -220.40M |
| Net Cash Per Share | -2.96 | -4.42 | -6.44 | -4.69 | -5.58 | -2.74 |
| Filing Date Shares Outstanding | 35.50M | 35.72M | 37.49M | 38.21M | 41.45M | 43.93M |
| Total Common Shares Outstanding | 35.50M | 35.71M | 37.48M | 41.37M | 41.44M | 45.40M |
| Working Capital | -77.20M | 93.40M | 84.20M | 146.40M | 115.10M | 270.40M |
| Book Value Per Share | 3.55 | 1.70 | 0.53 | 0.97 | -0.52 | -0.39 |
| Tangible Book Value | 126.10M | 40.30M | -300.00K | 19.90M | -41.90M | -37.90M |
| Tangible Book Value Per Share | 3.55 | 1.13 | -0.01 | 0.48 | -1.01 | -0.83 |
| Machinery | 15.70M | 15.00M | 15.70M | 14.40M | 14.60M | |
| Leasehold Improvements | 28.80M | 28.50M | 30.00M | 29.00M | 30.40M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 80.00M | 85.00M | 65.80M | 100.60M | 828.40M | |
| Depreciation & Amortization | 16.60M | 18.50M | 17.30M | 18.60M | 22.20M | |
| Other Amortization | 7.20M | 4.40M | 4.10M | 5.60M | 4.60M | |
| Loss (Gain) From Sale of Assets | -48.60M | |||||
| Loss (Gain) From Sale of Investments | -34.40M | -12.10M | -6.70M | 3.40M | -8.80M | |
| Loss (Gain) on Equity Investments | 1.80M | |||||
| Stock-Based Compensation | 53.80M | 30.50M | 7.40M | -30.30M | 39.10M | |
| Other Operating Activities | -165.50M | -63.20M | -10.80M | 9.50M | -649.10M | |
| Change in Accounts Receivable | -13.80M | -21.30M | -20.90M | 44.60M | -87.90M | |
| Change in Accounts Payable | -58.70M | -800.00K | 5.20M | 2.70M | -153.00M | |
| Change in Other Net Operating Assets | 112.40M | 14.80M | 6.90M | -37.90M | 46.90M | |
| Operating Cash Flow | -2.40M | 55.80M | 68.30M | 116.80M | -11.50M | |
| Capital Expenditures | -11.90M | -9.90M | -13.80M | -16.10M | -15.10M | |
| Investment in Securities | 17.20M | -40.20M | -17.60M | 3.10M | 101.80M | |
| Other Investing Activities | 10.40M | -12.50M | 952.40M | |||
| Investing Cash Flow | 15.70M | -50.10M | -43.90M | -13.00M | 1.04B | |
| Long-Term Debt Issued | 337.00M | 139.00M | 113.50M | 214.00M | 176.00M | |
| Long-Term Debt Repaid | -413.10M | -139.00M | -113.50M | -339.00M | -176.00M | |
| Net Debt Issued (Repaid) | -76.10M | -125.00M | ||||
| Issuance of Common Stock | 100.00K | 2.70M | ||||
| Repurchase of Common Stock | -49.00M | -108.10M | -5.70M | -105.50M | -1.15B | |
| Common Dividends Paid | -1.50M | -1.50M | -2.00M | -1.20M | -2.90M | |
| Dividends Paid | -1.50M | -1.50M | -2.00M | -1.20M | -2.90M | |
| Other Financing Activities | 138.70M | 55.10M | 9.50M | -2.00M | -29.10M | |
| Financing Cash Flow | 12.10M | -54.40M | 1.80M | -233.70M | -1.18B | |
| Foreign Exchange Rate Adjustments | 500.00K | -400.00K | 200.00K | -1.00M | ||
| Miscellaneous Cash Flow Adjustments | 31.20M | |||||
| Net Cash Flow | 25.90M | -49.10M | 26.40M | -130.90M | -120.80M | |
| Free Cash Flow | -14.30M | 45.90M | 54.50M | 100.70M | -26.60M | |
| Free Cash Flow Margin | -2.54% | 9.08% | 12.78% | 24.14% | -5.05% | |
| Free Cash Flow Per Share | -0.40 | 1.20 | 1.28 | 2.33 | -0.33 | |
| Levered Free Cash Flow | 121.38M | 126.61M | 80.84M | 82.14M | 244.15M | |
| Unlevered Free Cash Flow | 127.74M | 134.34M | 88.99M | 89.35M | 255.05M | |
| Cash Interest Paid | 20.00M | 15.00M | 15.50M | 16.00M | 19.60M | |
| Cash Income Tax Paid | 34.20M | 48.50M | 37.80M | 36.80M | 205.00M | |
| Change in Working Capital | 39.90M | -7.30M | -8.80M | 9.40M | -194.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.16B | 1.68B | 982.95M | 795.30M | 852.71M | 1.16B |
| Enterprise Value | 3.26B | 1.99B | 1.29B | 1.02B | 1.13B | 243.99M |
| Last Close Price | 88.92 | 46.80 | 26.20 | 19.02 | 20.39 | 25.32 |
| PE Ratio | 26.02 | 20.98 | 11.56 | 12.09 | 8.48 | 1.40 |
| Forward PE | 14.88 | 11.42 | 10.22 | 11.35 | 17.03 | 12.38 |
| PS Ratio | 4.41 | 2.98 | 1.94 | 1.86 | 2.04 | 2.20 |
| PB Ratio | 25.03 | 19.98 | 11.29 | 16.07 | -39.48 | -65.85 |
| P/TBV Ratio | 25.03 | 41.65 | 39.97 | |||
| P/FCF Ratio | 21.41 | 14.59 | 8.47 | |||
| P/OCF Ratio | 17.62 | 11.64 | 7.30 | |||
| PEG Ratio | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | |
| EV/Sales Ratio | 4.56 | 3.53 | 2.54 | 2.39 | 2.71 | 0.46 |
| EV/EBITDA Ratio | 16.52 | 13.46 | 8.28 | 7.69 | 6.01 | 1.41 |
| EV/EBIT Ratio | 17.90 | 15.17 | 9.40 | 8.84 | 6.67 | 1.62 |
| EV/FCF Ratio | 28.00 | 18.74 | 11.21 | |||
| Debt / Equity Ratio | 1.27 | 3.11 | 3.92 | 7.00 | -16.17 | -26.85 |
| Debt / EBITDA Ratio | 1.24 | 1.67 | 2.08 | 2.45 | 1.77 | 2.57 |
| Debt / FCF Ratio | 7.44 | 6.35 | 3.47 | |||
| Net Debt / Equity Ratio | 0.53 | 1.91 | 2.83 | 4.03 | -11.15 | -12.52 |
| Net Debt / EBITDA Ratio | 0.54 | 1.08 | 1.59 | 1.50 | 1.28 | 1.27 |
| Net Debt / FCF Ratio | -11.20 | 5.38 | 3.66 | 2.39 | -8.29 | |
| Asset Turnover | 0.87 | 0.82 | 0.77 | 0.76 | 0.68 | 0.50 |
| Quick Ratio | 0.83 | 1.33 | 1.44 | 1.99 | 1.78 | 2.76 |
| Current Ratio | 0.83 | 1.44 | 1.46 | 1.99 | 1.88 | 2.76 |
| Return on Equity (ROE) | 82.49% | 124.61% | 127.09% | 481.00% | 69.85% | |
| Return on Assets (ROA) | 13.80% | 11.87% | 13.00% | 12.78% | 17.15% | 9.00% |
| Return on Invested Capital (ROIC) | 40.72% | 33.76% | 32.39% | 25.21% | 24.77% | 20.40% |
| Return on Capital Employed (ROCE) | 39.90% | 28.20% | 26.20% | 24.90% | 43.60% | 26.90% |
| Earnings Yield | 3.84% | 4.77% | 8.65% | 8.27% | 11.80% | 71.48% |
| FCF Yield | -1.59% | -0.85% | 4.67% | 6.85% | 11.81% | -2.30% |
| Dividend Yield | 0.45% | 0.28% | 0.15% | 0.21% | 0.19% | 0.16% |
| Payout Ratio | 11.71% | 1.88% | 1.76% | 3.04% | 1.19% | 0.35% |
| Buyback Yield / Dilution | 2.64% | 5.50% | 9.90% | 1.43% | 46.38% | 1.89% |
| Total Shareholder Return | 3.09% | 5.77% | 10.05% | 1.64% | 46.57% | 2.05% |