Affiliated Managers Group, Inc.
NYSE: MGR · FINANCIALS · INVESTMENT BANKING & INVESTMENT SERVICES
Updated 2026-06-03
Affiliated Managers Group, Inc. (MGR) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $2.67B | $3.40B | $3.25B | $3.39B | $5.29B | $5.22B | $6.19B | $6.32B | $7.70B | $7.78B | $8.75B | $8.70B | $8.22B | $7.65B | $7.89B | $8.88B | $8.88B | $9.06B | $8.83B | $9.21B |
| Cash & equivalents | $201.73M | $222.95M | $396.43M | $259.49M | $313.33M | $449.50M | $430.40M | $469.60M | $550.60M | $563.80M | $430.80M | $439.50M | $565.50M | $539.60M | $1.04B | $908.50M | $429.20M | $813.60M | $950.00M | $586.00M |
| Current assets | $554.28M | $649.76M | $641.32M | $585.58M | $769.43M | $876.40M | $907.20M | $1.07B | $1.17B | $1.15B | $936.50M | $951.10M | $966.10M | $1.02B | $1.54B | $1.41B | $1.46B | $1.65B | $1.40B | $586.00M |
| Total liabilities | $1.90B | $2.60B | $1.94B | $1.54B | $2.50B | $2.27B | $2.67B | $2.53B | $3.41B | $3.40B | $3.65B | $3.31B | $3.25B | $3.24B | $3.90B | $4.49B | $4.24B | $4.10B | $4.18B | $4.79B |
| Current liabilities | $287.81M | $316.35M | $212.57M | $227.12M | $407.46M | $417.60M | $273.20M | $317.80M | $578.50M | $729.40M | $729.30M | $807.20M | $746.60M | $634.60M | $712.40M | $789.10M | $778.30M | $39.10M | $357.00M | — |
| Long-term debt | — | — | — | — | — | — | — | $1.38B | $1.89B | $1.88B | $2.11B | $1.85B | $1.83B | $1.79B | $2.31B | $2.49B | $2.54B | — | — | — |
| Shareholder equity | $499.22M | $469.20M | $1.09B | $1.11B | $1.80B | $1.87B | $2.08B | $2.13B | $2.63B | $4.38B | $5.10B | $5.39B | $4.97B | $4.42B | $3.99B | $4.38B | $4.64B | $3.59B | $3.35B | $3.24B |
| Retained earnings | $654.47M | $836.43M | $859.60M | $873.14M | $1.01B | $1.18B | $1.35B | $1.71B | $2.16B | $2.68B | $3.05B | $3.70B | $3.88B | $3.82B | $4.01B | $4.57B | $5.72B | $6.39B | $6.90B | $7.62B |
| Accounts receivable | $201.38M | $237.64M | $131.10M | $140.12M | $41.97M | $34.50M | $311.00M | $418.40M | $425.90M | $391.20M | $383.30M | $433.80M | $400.60M | $417.10M | $421.60M | $419.20M | $316.00M | $374.30M | $417.60M | $496.20M |
| Inventory | — | — | — | $41.30M | — | — | $-36.90M | $54.30M | $-20.80M | $-22.60M | $918.90M | $1.00 | $1.10B | $1.00 | $1.00 | $1.00 | $1.47B | $1.65B | — | — |
| Goodwill | $1.18B | $1.23B | $1.24B | $1.41B | $2.13B | $2.12B | $2.36B | $2.34B | $2.65B | $2.67B | $2.63B | $2.66B | $2.63B | $2.65B | $2.66B | $2.69B | $2.65B | $2.52B | $2.50B | $2.53B |
Frequently asked questions
How profitable is MGR?
In its most recent fiscal year, MGR ran a gross margin of 62.00%, an operating margin of 33.99%, and a net margin of 30.92%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MGR generate?
MGR produced $1.00B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MGR's balance sheet healthy?
MGR holds $586.00M in cash and equivalents against — in long-term debt, on $3.24B of shareholder equity. That debt is best read against the cash flow the business throws off each year.