AMG vs BLK vs TROW Stock Comparison

Affiliated Managers, BlackRock and Price T Rowe Prices as of Oct 23, 2026 Peers: Industry group
BLK BlackRock, Inc.
$1,117.92 +5.3% 1M -0.6% 1Y
Market cap
$175.28B
P/E
26.1x
Revenue (TTM)
$27.30B
Div. yield
0.02%
Asset Management Financial Services
3 wins
TROW Price T Rowe Group Inc
$104.20 -0.4% 1M +1.7% 1Y
Market cap
$22.15B
P/E
10.0x
Revenue (TTM)
$7.59B
Div. yield
–
Asset Management Financial Services
3 wins

Head to Head

11 decided of 12

Affiliated Managers leads on 5 of the 12 questions below (Affiliated Managers 5, BlackRock 3, Price T Rowe 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMGBLKTROWLeader
Larger companyMarket capitalisation $10.33B $175.28B $22.15B BLK
Cheaper on earningsLower P/E, profitable companies only 12.1x 26.1x 10.0x TROW
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.8x 18.2x 9.9x AMG
Faster revenue growthRevenue growth, trailing twelve months +11.8% +26.5% +7.0% BLK
More profitableNet margin, trailing twelve months 37.7% 24.6% 29.3% AMG
Better return on capitalReturn on invested capital 16.8% 9.9% — AMG
Less leveragedLower net debt / EBITDA 1.6x -0.1x — BLK
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.00% –
Better 1-year returnPrice return, last 12 months +60.4% -0.6% +1.7% AMG
Better 5-year returnAnnualised price return, 5 years +18.3%/yr +4.1%/yr -12.8%/yr AMG
Less volatileAnnualised volatility, 1 year 32.8% 27.5% 24.0% TROW
Higher overall scoreMean of the five percentile scores vs peers 64/100 57/100 80/100 TROW

Percentile Scorecard

AMGBLKTROW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMGBLKTROW
Valuation 81 #35 of 183 65 #65 of 183 89 #22 of 183
Growth 65 #40 of 113 63 #43 of 113 63 #42 of 113
Profitability 89 #15 of 131 69 #41 of 131 85 #21 of 131
Financial Health 40 #102 of 168 63 #63 of 168 –
Shareholder Returns 44 #43 of 76 24 #58 of 76 83 #14 of 76
Overall 64 57 80
  • AMG ranked among 212 companies in Asset and Wealth Management
  • BLK ranked among 212 companies in Asset and Wealth Management
  • TROW ranked among 212 companies in Asset and Wealth Management

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMGBLKTROWSPY
1 month +4.7%+5.3%-0.4% -1.0%
3 months +7.0%+5.9%-10.6% +2.9%
6 months +33.4%+7.0%+5.2% +6.4%
Year to date +33.0%+4.4%+1.8% +11.4%
1 year +60.4%-0.6%+1.7% +13.1%
3 years +211.0%+82.6%+8.6% +79.4%
3 years, per year +46.0%+22.2%+2.8% +21.5%
5 years +131.4%+22.2%-49.6% +67.7%
5 years, per year +18.3%+4.1%-12.8% +10.9%
10 years +171.2%+223.5%+58.0% +255.2%
10 years, per year +10.5%+12.5%+4.7% +13.5%

Risk

MeasureAMGBLKTROWSPY
Volatility, 1Y 32.8%27.5%24.0% 12.7%
Downside volatility, 1Y 33.0%27.4%26.1% 12.7%
Beta vs S&P 500, 1Y 0.921.200.80 1.00
Return / volatility, 1Y 1.84-0.020.07 1.03
Max drawdown, 5Y -41.2%-45.3%-63.7% -25.4%
From 52-week high -3.1%-5.6%-14.4% -2.5%
52-week high $395.53$1,183.85$121.68 $779.14
52-week low $236.68$922.90$86.19 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMGBLKTROW
P/E now vs peer median 11.8xmedian 33.6x 25.9xmedian 33.6x 10.0xmedian 33.6x
P/S now vs peer median 4.4xmedian 4.6x 6.3xmedian 4.6x 2.9xmedian 4.6x
EV/EBITDA now vs peer median 7.5xmedian 12.0x 16.6xmedian 12.0x 6.9xmedian 12.0x
P/FCF now vs peer median 9.3xmedian 13.4x 49.3xmedian 13.4x 13.3xmedian 13.4x
P/B now vs peer median 2.5xmedian 1.9x 3.0xmedian 1.9x 2.0xmedian 1.9x
PEG now vs peer median 2.26median 0.91 —median 0.91 0.68median 0.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMGBLKTROW
Revenue $2.27B $27.30B $7.59B
Operating income – $8.89B $2.34B
Net income $1.05B $7.13B $2.34B
Free cash flow $1.06B $3.52B $1.67B
EPS (diluted) $31.83 $40.71 $10.37
Cash & equivalents $411.00M $10.49B $3.23B
Total debt $3.00B $12.74B –
Shares (diluted) 26.90M 164.65M 214.20M
Enterprise value $8.48B $121.41B $8.17B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMGBLKTROW
P/E 11.8x 25.9x 10.0x
P/FCF 9.3x 49.3x 13.3x
P/Operating cash flow 9.2x 44.0x 11.5x
P/S 4.4x 6.3x 2.9x
P/B 2.5x 3.0x 2.0x
P/Tangible book 4.2x 5.7x 2.0x
EV/EBITDA 7.5x 16.6x 6.9x
EV/EBIT 8.1x 19.4x 8.1x
EV/Revenue 5.5x 6.3x 2.5x
EV/FCF 11.7x 49.0x 11.3x
EV/Operating cash flow 11.7x 43.7x 9.8x
PEG (3Y EPS CAGR) 2.26 – 0.68

Growth

14 metrics
MetricAMGBLKTROW
Revenue growth (1Y) 11.8% 26.5% 7.0%
Revenue CAGR (3Y) 1.9% – 6.6%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – 18.4% 3.5%
Operating income CAGR (3Y) – – 8.2%
Net income growth (1Y) 64.0% 9.2% 10.5%
Net income CAGR (3Y) -8.4% – 14.2%
EPS growth (1Y) 125.9% -0.6% 12.1%
EPS CAGR (3Y) 5.2% – 14.7%
Operating cash flow growth (1Y) 16.8% -7.0% 26.0%
Operating cash flow CAGR (3Y) 7.0% – 7.9%
Free cash flow growth (1Y) 16.7% -9.5% 42.9%
Free cash flow CAGR (3Y) 7.2% – 9.0%

Profitability

14 metrics
MetricAMGBLKTROW
Gross margin – – –
EBITDA margin 73.6% 38.0% 36.2%
Operating margin – 32.6% 30.8%
Pretax margin 61.2% 33.6% 40.0%
Net margin 37.7% 24.6% 29.3%
FCF margin 46.9% 12.9% 22.0%
Operating cash flow margin 47.2% 14.4% 25.5%
Return on equity 26.6% 12.4% 21.1%
Return on assets 11.2% 4.1% 15.6%
Return on invested capital 16.8% 9.9% –
Return on capital employed – – –
Asset turnover 0.2x 0.2x 0.5x
Cash conversion (OCF / net income) 1.0x 0.6x 0.8x
Stock comp / revenue 8.6% 5.4% 2.8%

Financial Health

11 metrics
MetricAMGBLKTROW
Debt / assets 31.9% 7.2% –
Debt / equity 0.8x 0.2x –
Net debt / EBITDA 1.6x -0.1x –
Debt / FCF 2.8x 3.6x –
Liabilities / assets 58.2% 67.1% 27.3%
Equity / assets 41.8% 32.9% 72.7%
Interest coverage 10.5x 16.4x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAMGBLKTROW
Dividend yield 0.0% 2.0% 5.0%
Net buyback yield 8.0% -0.1% 3.7%
Shareholder yield 8.0% 1.9% 8.7%
Payout ratio (earnings) – 50.6% –
Payout ratio (FCF) – 102.6% –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMGBLKTROW
Forward P/E 9.8xFY2026 18.2xFY2026 9.9xFY2026
EPS, next fiscal year $39.07FY2026 $61.34FY2026 $10.50FY2026
EPS growth, next FY +50.0%FY2026 +27.6%FY2026 +8.0%FY2026
EPS growth, the year after +5.2% -1.7% -7.5%
Revenue, next fiscal year $2.54BFY2026 $28.39BFY2026 $7.93BFY2026
Revenue growth, next FY +22.9%FY2026 +17.2%FY2026 +8.5%FY2026
Revenue growth, the year after +1.9% +17.2% +2.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMGBLKTROW
Held by institutions 95.7% 77.6% 88.8%
Institutions holding 564 2,311 1,156
Change in shares held, QoQ +1.7% +2.5% +2.1%
Institutions buying 239 1,087 598
Institutions selling 214 886 397
Buyers to sellers 1.12 1.23 1.51

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMGBLKTROW
AMG 1.00 0.51 0.37
BLK 0.51 1.00 0.52
TROW 0.37 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMG, BLK and TROW?

BlackRock (BLK) is the largest by market capitalisation: Affiliated Managers (AMG) $10.33B, BlackRock (BLK) $175.28B, Price T Rowe (TROW) $22.15B.

Which stock is cheaper, AMG, BLK and TROW?

Price T Rowe (TROW) trades on the lowest price-to-earnings ratio (Affiliated Managers (AMG) 12.1x, BlackRock (BLK) 26.1x, Price T Rowe (TROW) 10.0x). On next year's consensus earnings, Affiliated Managers (AMG) is cheapest (Affiliated Managers (AMG) 9.8x, BlackRock (BLK) 18.2x, Price T Rowe (TROW) 9.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

BlackRock (BLK) grew revenue fastest over the trailing twelve months: Affiliated Managers (AMG) +11.8%, BlackRock (BLK) +26.5%, Price T Rowe (TROW) +7.0%.

Which company is more profitable?

Affiliated Managers (AMG) has the highest net margin (Affiliated Managers (AMG) 37.7%, BlackRock (BLK) 24.6%, Price T Rowe (TROW) 29.3%). On return on invested capital, Affiliated Managers (AMG) leads (Affiliated Managers (AMG) 16.8%, BlackRock (BLK) 9.9%).

Which stock has performed better?

Over the past year Affiliated Managers (AMG) returned the most: Affiliated Managers (AMG) +60.4%, BlackRock (BLK) -0.6%, Price T Rowe (TROW) +1.7%. Over five years, Affiliated Managers (AMG) compounded fastest (Affiliated Managers (AMG) +18.3%/yr, BlackRock (BLK) +4.1%/yr, Price T Rowe (TROW) -12.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Affiliated Managers (AMG) 0.00%, BlackRock (BLK) 0.02%, Price T Rowe (TROW) 0.00%. Affiliated Managers (AMG) and Price T Rowe (TROW) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Price T Rowe (TROW) has been the steadiest (Affiliated Managers (AMG) 32.8%, BlackRock (BLK) 27.5%, Price T Rowe (TROW) 24.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMG, BLK and TROW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Affiliated Managers (AMG) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.