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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and AlTi Global, Inc. (ALTI). Click either name above to swap in a different company.

Acadian Asset Management Inc. is the larger business by last-quarter revenue ($172.2M vs $86.6M, roughly 2.0× AlTi Global, Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -15.1%, a 35.3% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs 2.6%). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 27.6%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.

AAMI vs ALTI — Head-to-Head

Bigger by revenue
AAMI
AAMI
2.0× larger
AAMI
$172.2M
$86.6M
ALTI
Growing faster (revenue YoY)
ALTI
ALTI
+84.4% gap
ALTI
87.0%
2.6%
AAMI
Higher net margin
AAMI
AAMI
35.3% more per $
AAMI
20.2%
-15.1%
ALTI
Faster 2-yr revenue CAGR
ALTI
ALTI
Annualised
ALTI
30.6%
27.6%
AAMI

Income Statement — Q4 2025 vs Q4 2025

Metric
AAMI
AAMI
ALTI
ALTI
Revenue
$172.2M
$86.6M
Net Profit
$34.7M
$-13.1M
Gross Margin
Operating Margin
33.3%
-2.1%
Net Margin
20.2%
-15.1%
Revenue YoY
2.6%
87.0%
Net Profit YoY
-18.4%
75.6%
EPS (diluted)
$0.97

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
ALTI
ALTI
Q4 25
$172.2M
$86.6M
Q3 25
$144.2M
$57.2M
Q2 25
$127.4M
$53.1M
Q1 25
$119.9M
$58.0M
Q4 24
$167.8M
$46.3M
Q3 24
$123.1M
$51.8M
Q2 24
$109.0M
$49.5M
Q1 24
$105.7M
$50.8M
Net Profit
AAMI
AAMI
ALTI
ALTI
Q4 25
$34.7M
$-13.1M
Q3 25
$15.1M
$-84.1M
Q2 25
$10.1M
$-24.4M
Q1 25
$20.1M
$1.9M
Q4 24
$42.5M
$-53.8M
Q3 24
$16.9M
$-72.5M
Q2 24
$11.0M
$-6.4M
Q1 24
$14.6M
$29.7M
Operating Margin
AAMI
AAMI
ALTI
ALTI
Q4 25
33.3%
-2.1%
Q3 25
18.4%
-49.8%
Q2 25
12.7%
-56.7%
Q1 25
26.6%
-23.3%
Q4 24
38.7%
-42.7%
Q3 24
21.9%
-18.4%
Q2 24
18.9%
-30.2%
Q1 24
21.7%
-28.9%
Net Margin
AAMI
AAMI
ALTI
ALTI
Q4 25
20.2%
-15.1%
Q3 25
10.5%
-147.0%
Q2 25
7.9%
-45.9%
Q1 25
16.8%
3.3%
Q4 24
25.3%
-116.1%
Q3 24
13.7%
-140.0%
Q2 24
10.1%
-12.9%
Q1 24
13.8%
58.4%
EPS (diluted)
AAMI
AAMI
ALTI
ALTI
Q4 25
$0.97
Q3 25
$0.42
Q2 25
$0.28
$-0.33
Q1 25
$0.54
$-0.04
Q4 24
$1.11
$-0.71
Q3 24
$0.45
$-0.88
Q2 24
$0.29
$-0.18
Q1 24
$0.37
$0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
ALTI
ALTI
Cash + ST InvestmentsLiquidity on hand
$41.2M
Total DebtLower is stronger
$200.0M
$883.0K
Stockholders' EquityBook value
$600.1M
Total Assets
$677.0M
$1.2B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
ALTI
ALTI
Q4 25
$41.2M
Q3 25
$35.8M
Q2 25
$42.4M
Q1 25
$52.8M
Q4 24
$64.4M
Q3 24
$220.6M
Q2 24
$60.0M
Q1 24
$134.2M
Total Debt
AAMI
AAMI
ALTI
ALTI
Q4 25
$200.0M
$883.0K
Q3 25
$586.0K
Q2 25
$673.0K
Q1 25
Q4 24
$275.0M
$0
Q3 24
$128.4M
Q2 24
$164.0M
Q1 24
$183.7M
Stockholders' Equity
AAMI
AAMI
ALTI
ALTI
Q4 25
$600.1M
Q3 25
$607.2M
Q2 25
$685.4M
Q1 25
$665.2M
Q4 24
$658.4M
Q3 24
$707.0M
Q2 24
$540.2M
Q1 24
$510.9M
Total Assets
AAMI
AAMI
ALTI
ALTI
Q4 25
$677.0M
$1.2B
Q3 25
$751.4M
$1.2B
Q2 25
$672.3M
$1.2B
Q1 25
$677.3M
$1.2B
Q4 24
$703.2M
$1.3B
Q3 24
$555.2M
$1.4B
Q2 24
$533.1M
$1.3B
Q1 24
$544.9M
$1.3B
Debt / Equity
AAMI
AAMI
ALTI
ALTI
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
Q4 24
0.00×
Q3 24
0.18×
Q2 24
0.30×
Q1 24
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
ALTI
ALTI
Operating Cash FlowLast quarter
$8.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.25×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
ALTI
ALTI
Q4 25
$8.7M
Q3 25
$-23.9M
Q2 25
$61.6M
$-19.9M
Q1 25
$-48.8M
$-30.2M
Q4 24
$-19.1M
$-56.0K
Q3 24
$69.6M
$-4.9M
Q2 24
$45.7M
$-30.2M
Q1 24
$-40.4M
$-15.5M
Free Cash Flow
AAMI
AAMI
ALTI
ALTI
Q4 25
Q3 25
Q2 25
$-20.0M
Q1 25
$-31.0M
Q4 24
$-1.8M
Q3 24
$-9.4M
Q2 24
$-31.2M
Q1 24
$-15.7M
FCF Margin
AAMI
AAMI
ALTI
ALTI
Q4 25
Q3 25
Q2 25
-37.6%
Q1 25
-53.4%
Q4 24
-4.0%
Q3 24
-18.2%
Q2 24
-63.2%
Q1 24
-30.9%
Capex Intensity
AAMI
AAMI
ALTI
ALTI
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.3%
Q4 24
3.9%
Q3 24
8.7%
Q2 24
2.2%
Q1 24
0.4%
Cash Conversion
AAMI
AAMI
ALTI
ALTI
Q4 25
0.25×
Q3 25
-1.58×
Q2 25
6.10×
Q1 25
-2.43×
-15.80×
Q4 24
-0.45×
Q3 24
4.12×
Q2 24
4.15×
Q1 24
-2.77×
-0.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

ALTI
ALTI

Management Advisory Fees$51.1M59%
Other$32.7M38%
Distributions From Investments$2.9M3%

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