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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and COHEN & STEERS, INC. (CNS). 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 $143.8M, roughly 1.2× COHEN & STEERS, INC.). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs 20.2%, a 4.1% gap on every dollar of revenue. On growth, COHEN & STEERS, INC. posted the faster year-over-year revenue change (2.9% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 8.3%).
United Asset Management was an American holding company headquartered in Boston, Massachusetts.
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
AAMI vs CNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.2M | $143.8M |
| Net Profit | $34.7M | $34.9M |
| Gross Margin | — | — |
| Operating Margin | 33.3% | 28.0% |
| Net Margin | 20.2% | 24.3% |
| Revenue YoY | 2.6% | 2.9% |
| Net Profit YoY | -18.4% | -23.9% |
| EPS (diluted) | $0.97 | $0.67 |
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.
| Q4 25 | $172.2M | $143.8M | ||
| Q3 25 | $144.2M | $141.7M | ||
| Q2 25 | $127.4M | $136.1M | ||
| Q1 25 | $119.9M | $134.5M | ||
| Q4 24 | $167.8M | $139.8M | ||
| Q3 24 | $123.1M | $133.2M | ||
| Q2 24 | $109.0M | $121.7M | ||
| Q1 24 | $105.7M | $122.7M |
| Q4 25 | $34.7M | $34.9M | ||
| Q3 25 | $15.1M | $41.7M | ||
| Q2 25 | $10.1M | $36.8M | ||
| Q1 25 | $20.1M | $39.8M | ||
| Q4 24 | $42.5M | $45.8M | ||
| Q3 24 | $16.9M | $39.7M | ||
| Q2 24 | $11.0M | $31.8M | ||
| Q1 24 | $14.6M | $34.0M |
| Q4 25 | 33.3% | 28.0% | ||
| Q3 25 | 18.4% | 34.5% | ||
| Q2 25 | 12.7% | 31.8% | ||
| Q1 25 | 26.6% | 33.6% | ||
| Q4 24 | 38.7% | 35.3% | ||
| Q3 24 | 21.9% | 33.7% | ||
| Q2 24 | 18.9% | 31.5% | ||
| Q1 24 | 21.7% | 32.8% |
| Q4 25 | 20.2% | 24.3% | ||
| Q3 25 | 10.5% | 29.4% | ||
| Q2 25 | 7.9% | 27.1% | ||
| Q1 25 | 16.8% | 29.6% | ||
| Q4 24 | 25.3% | 32.8% | ||
| Q3 24 | 13.7% | 29.8% | ||
| Q2 24 | 10.1% | 26.1% | ||
| Q1 24 | 13.8% | 27.7% |
| Q4 25 | $0.97 | $0.67 | ||
| Q3 25 | $0.42 | $0.81 | ||
| Q2 25 | $0.28 | $0.72 | ||
| Q1 25 | $0.54 | $0.77 | ||
| Q4 24 | $1.11 | $0.89 | ||
| Q3 24 | $0.45 | $0.77 | ||
| Q2 24 | $0.29 | $0.63 | ||
| Q1 24 | $0.37 | $0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $145.5M |
| Total DebtLower is stronger | $200.0M | — |
| Stockholders' EquityBook value | — | $562.0M |
| Total Assets | $677.0M | $876.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $145.5M | ||
| Q3 25 | — | $98.1M | ||
| Q2 25 | — | $95.4M | ||
| Q1 25 | — | $65.2M | ||
| Q4 24 | — | $183.0M | ||
| Q3 24 | — | $106.5M | ||
| Q2 24 | — | $122.0M | ||
| Q1 24 | — | $99.5M |
| Q4 25 | $200.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $275.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $562.0M | ||
| Q3 25 | — | $550.3M | ||
| Q2 25 | — | $528.5M | ||
| Q1 25 | — | $507.7M | ||
| Q4 24 | — | $511.7M | ||
| Q3 24 | — | $491.0M | ||
| Q2 24 | — | $463.2M | ||
| Q1 24 | — | $378.9M |
| Q4 25 | $677.0M | $876.7M | ||
| Q3 25 | $751.4M | $801.6M | ||
| Q2 25 | $672.3M | $751.0M | ||
| Q1 25 | $677.3M | $834.9M | ||
| Q4 24 | $703.2M | $812.4M | ||
| Q3 24 | $555.2M | $727.8M | ||
| Q2 24 | $533.1M | $784.1M | ||
| Q1 24 | $544.9M | $680.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.4M | $-120.4M |
| Free Cash FlowOCF − Capex | — | $-126.4M |
| FCF MarginFCF / Revenue | — | -87.9% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | -0.07× | -3.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-253.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.4M | $-120.4M | ||
| Q3 25 | $-23.9M | $55.1M | ||
| Q2 25 | $61.6M | $-67.6M | ||
| Q1 25 | $-48.8M | $-108.9M | ||
| Q4 24 | $55.8M | $96.7M | ||
| Q3 24 | $69.6M | $25.6M | ||
| Q2 24 | $45.7M | $31.4M | ||
| Q1 24 | $-40.4M | $4.9M |
| Q4 25 | — | $-126.4M | ||
| Q3 25 | — | $52.6M | ||
| Q2 25 | — | $-69.8M | ||
| Q1 25 | — | $-110.0M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | — | $24.2M | ||
| Q2 24 | — | $27.1M | ||
| Q1 24 | — | $537.0K |
| Q4 25 | — | -87.9% | ||
| Q3 25 | — | 37.1% | ||
| Q2 25 | — | -51.3% | ||
| Q1 25 | — | -81.8% | ||
| Q4 24 | — | 60.8% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | -0.07× | -3.45× | ||
| Q3 25 | -1.58× | 1.32× | ||
| Q2 25 | 6.10× | -1.84× | ||
| Q1 25 | -2.43× | -2.74× | ||
| Q4 24 | 1.31× | 2.11× | ||
| Q3 24 | 4.12× | 0.65× | ||
| Q2 24 | 4.15× | 0.99× | ||
| Q1 24 | -2.77× | 0.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
