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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and CSG SYSTEMS INTERNATIONAL INC (CSGS). Click either name above to swap in a different company.

CSG SYSTEMS INTERNATIONAL INC is the larger business by last-quarter revenue ($323.1M vs $172.2M, roughly 1.9× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 2.2%, a 18.0% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs 2.0%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 4.6%).

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

CSG Holding Limited, formerly China Southern Glass Holding Limited, is the largest architectural glass manufacturer in China. It is involved in manufacturing and selling glass products, such as float glass, architectural glass, display glass, automotive glass, coated glass, mirrors, color filter glass, solar glass and conservation glass.

AAMI vs CSGS — Head-to-Head

Bigger by revenue
CSGS
CSGS
1.9× larger
CSGS
$323.1M
$172.2M
AAMI
Growing faster (revenue YoY)
AAMI
AAMI
+0.6% gap
AAMI
2.6%
2.0%
CSGS
Higher net margin
AAMI
AAMI
18.0% more per $
AAMI
20.2%
2.2%
CSGS
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
4.6%
CSGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
CSGS
CSGS
Revenue
$172.2M
$323.1M
Net Profit
$34.7M
$7.0M
Gross Margin
50.0%
Operating Margin
33.3%
9.0%
Net Margin
20.2%
2.2%
Revenue YoY
2.6%
2.0%
Net Profit YoY
-18.4%
-79.7%
EPS (diluted)
$0.97
$0.24

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
CSGS
CSGS
Q4 25
$172.2M
$323.1M
Q3 25
$144.2M
$303.6M
Q2 25
$127.4M
$297.1M
Q1 25
$119.9M
$299.5M
Q4 24
$167.8M
$316.7M
Q3 24
$123.1M
$295.1M
Q2 24
$109.0M
$290.3M
Q1 24
$105.7M
$295.1M
Net Profit
AAMI
AAMI
CSGS
CSGS
Q4 25
$34.7M
$7.0M
Q3 25
$15.1M
$20.5M
Q2 25
$10.1M
$12.3M
Q1 25
$20.1M
$16.1M
Q4 24
$42.5M
$34.5M
Q3 24
$16.9M
$19.1M
Q2 24
$11.0M
$13.8M
Q1 24
$14.6M
$19.5M
Gross Margin
AAMI
AAMI
CSGS
CSGS
Q4 25
50.0%
Q3 25
48.1%
Q2 25
49.5%
Q1 25
48.4%
Q4 24
51.3%
Q3 24
49.4%
Q2 24
47.3%
Q1 24
46.5%
Operating Margin
AAMI
AAMI
CSGS
CSGS
Q4 25
33.3%
9.0%
Q3 25
18.4%
10.0%
Q2 25
12.7%
10.0%
Q1 25
26.6%
9.8%
Q4 24
38.7%
13.4%
Q3 24
21.9%
10.8%
Q2 24
18.9%
8.8%
Q1 24
21.7%
10.8%
Net Margin
AAMI
AAMI
CSGS
CSGS
Q4 25
20.2%
2.2%
Q3 25
10.5%
6.7%
Q2 25
7.9%
4.1%
Q1 25
16.8%
5.4%
Q4 24
25.3%
10.9%
Q3 24
13.7%
6.5%
Q2 24
10.1%
4.8%
Q1 24
13.8%
6.6%
EPS (diluted)
AAMI
AAMI
CSGS
CSGS
Q4 25
$0.97
$0.24
Q3 25
$0.42
$0.73
Q2 25
$0.28
$0.44
Q1 25
$0.54
$0.57
Q4 24
$1.11
$1.20
Q3 24
$0.45
$0.67
Q2 24
$0.29
$0.48
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
AAMI
AAMI
CSGS
CSGS
Cash + ST InvestmentsLiquidity on hand
$180.0M
Total DebtLower is stronger
$200.0M
$539.5M
Stockholders' EquityBook value
$283.7M
Total Assets
$677.0M
$1.5B
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
CSGS
CSGS
Q4 25
$180.0M
Q3 25
$158.4M
Q2 25
$145.9M
Q1 25
$136.0M
Q4 24
$161.8M
Q3 24
$118.4M
Q2 24
$110.4M
Q1 24
$120.8M
Total Debt
AAMI
AAMI
CSGS
CSGS
Q4 25
$200.0M
$539.5M
Q3 25
$538.6M
Q2 25
$537.8M
Q1 25
$537.6M
Q4 24
$275.0M
$538.5M
Q3 24
$539.5M
Q2 24
$540.5M
Q1 24
$541.5M
Stockholders' Equity
AAMI
AAMI
CSGS
CSGS
Q4 25
$283.7M
Q3 25
$289.5M
Q2 25
$290.7M
Q1 25
$283.1M
Q4 24
$282.6M
Q3 24
$288.4M
Q2 24
$273.3M
Q1 24
$269.3M
Total Assets
AAMI
AAMI
CSGS
CSGS
Q4 25
$677.0M
$1.5B
Q3 25
$751.4M
$1.5B
Q2 25
$672.3M
$1.4B
Q1 25
$677.3M
$1.4B
Q4 24
$703.2M
$1.5B
Q3 24
$555.2M
$1.4B
Q2 24
$533.1M
$1.4B
Q1 24
$544.9M
$1.3B
Debt / Equity
AAMI
AAMI
CSGS
CSGS
Q4 25
1.90×
Q3 25
1.86×
Q2 25
1.85×
Q1 25
1.90×
Q4 24
1.91×
Q3 24
1.87×
Q2 24
1.98×
Q1 24
2.01×

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
CSGS
CSGS
Operating Cash FlowLast quarter
$-2.4M
$59.2M
Free Cash FlowOCF − Capex
$55.8M
FCF MarginFCF / Revenue
17.3%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
-0.07×
8.46×
TTM Free Cash FlowTrailing 4 quarters
$141.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
CSGS
CSGS
Q4 25
$-2.4M
$59.2M
Q3 25
$-23.9M
$47.9M
Q2 25
$61.6M
$37.3M
Q1 25
$-48.8M
$11.5M
Q4 24
$55.8M
$82.5M
Q3 24
$69.6M
$39.5M
Q2 24
$45.7M
$43.1M
Q1 24
$-40.4M
$-29.4M
Free Cash Flow
AAMI
AAMI
CSGS
CSGS
Q4 25
$55.8M
Q3 25
$43.9M
Q2 25
$34.6M
Q1 25
$7.1M
Q4 24
$76.6M
Q3 24
$32.0M
Q2 24
$38.8M
Q1 24
$-34.1M
FCF Margin
AAMI
AAMI
CSGS
CSGS
Q4 25
17.3%
Q3 25
14.5%
Q2 25
11.6%
Q1 25
2.4%
Q4 24
24.2%
Q3 24
10.8%
Q2 24
13.4%
Q1 24
-11.6%
Capex Intensity
AAMI
AAMI
CSGS
CSGS
Q4 25
1.1%
Q3 25
1.3%
Q2 25
0.9%
Q1 25
1.5%
Q4 24
1.9%
Q3 24
2.5%
Q2 24
1.5%
Q1 24
1.6%
Cash Conversion
AAMI
AAMI
CSGS
CSGS
Q4 25
-0.07×
8.46×
Q3 25
-1.58×
2.34×
Q2 25
6.10×
3.04×
Q1 25
-2.43×
0.71×
Q4 24
1.31×
2.39×
Q3 24
4.12×
2.07×
Q2 24
4.15×
3.12×
Q1 24
-2.77×
-1.51×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

CSGS
CSGS

Software As A Service And Related Solutions$287.2M89%
License And Service$22.6M7%
Maintenance$13.3M4%

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