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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and MARTIN MIDSTREAM PARTNERS L.P. (MMLP). Click either name above to swap in a different company.

MARTIN MIDSTREAM PARTNERS L.P. is the larger business by last-quarter revenue ($187.7M vs $172.2M, roughly 1.1× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 1.7%, a 18.4% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -2.5%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 0.8%).

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

Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.

AAMI vs MMLP — Head-to-Head

Bigger by revenue
MMLP
MMLP
1.1× larger
MMLP
$187.7M
$172.2M
AAMI
Growing faster (revenue YoY)
AAMI
AAMI
+5.2% gap
AAMI
2.6%
-2.5%
MMLP
Higher net margin
AAMI
AAMI
18.4% more per $
AAMI
20.2%
1.7%
MMLP
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
0.8%
MMLP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AAMI
AAMI
MMLP
MMLP
Revenue
$172.2M
$187.7M
Net Profit
$34.7M
$3.2M
Gross Margin
Operating Margin
33.3%
4.1%
Net Margin
20.2%
1.7%
Revenue YoY
2.6%
-2.5%
Net Profit YoY
-18.4%
-37.1%
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
MMLP
MMLP
Q1 26
$187.7M
Q4 25
$172.2M
$174.2M
Q3 25
$144.2M
$168.7M
Q2 25
$127.4M
$180.7M
Q1 25
$119.9M
$192.5M
Q4 24
$167.8M
$171.3M
Q3 24
$123.1M
$170.9M
Q2 24
$109.0M
$184.5M
Net Profit
AAMI
AAMI
MMLP
MMLP
Q1 26
$3.2M
Q4 25
$34.7M
$-2.9M
Q3 25
$15.1M
$-8.4M
Q2 25
$10.1M
$-2.4M
Q1 25
$20.1M
$-1.0M
Q4 24
$42.5M
$-8.9M
Q3 24
$16.9M
$-3.3M
Q2 24
$11.0M
$3.8M
Gross Margin
AAMI
AAMI
MMLP
MMLP
Q1 26
Q4 25
57.1%
Q3 25
55.1%
Q2 25
56.5%
Q1 25
53.5%
Q4 24
58.2%
Q3 24
58.5%
Q2 24
58.4%
Operating Margin
AAMI
AAMI
MMLP
MMLP
Q1 26
4.1%
Q4 25
33.3%
7.3%
Q3 25
18.4%
4.1%
Q2 25
12.7%
8.2%
Q1 25
26.6%
7.5%
Q4 24
38.7%
4.0%
Q3 24
21.9%
7.4%
Q2 24
18.9%
10.8%
Net Margin
AAMI
AAMI
MMLP
MMLP
Q1 26
1.7%
Q4 25
20.2%
-1.7%
Q3 25
10.5%
-5.0%
Q2 25
7.9%
-1.3%
Q1 25
16.8%
-0.5%
Q4 24
25.3%
-5.2%
Q3 24
13.7%
-1.9%
Q2 24
10.1%
2.0%
EPS (diluted)
AAMI
AAMI
MMLP
MMLP
Q1 26
Q4 25
$0.97
Q3 25
$0.42
Q2 25
$0.28
Q1 25
$0.54
Q4 24
$1.11
Q3 24
$0.45
Q2 24
$0.29

Balance Sheet & Financial Strength

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

Metric
AAMI
AAMI
MMLP
MMLP
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
Total Assets
$677.0M
$537.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Total Debt
AAMI
AAMI
MMLP
MMLP
Q1 26
Q4 25
$200.0M
$428.0M
Q3 25
$441.3M
Q2 25
$427.8M
Q1 25
$451.4M
Q4 24
$275.0M
$437.6M
Q3 24
$469.3M
Q2 24
$439.4M
Total Assets
AAMI
AAMI
MMLP
MMLP
Q1 26
$537.1M
Q4 25
$677.0M
$522.4M
Q3 25
$751.4M
$510.1M
Q2 25
$672.3M
$515.6M
Q1 25
$677.3M
$533.4M
Q4 24
$703.2M
$538.5M
Q3 24
$555.2M
$554.8M
Q2 24
$533.1M
$535.1M

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
MMLP
MMLP
Operating Cash FlowLast quarter
$-2.4M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-3.2%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
MMLP
MMLP
Q1 26
Q4 25
$-2.4M
$22.4M
Q3 25
$-23.9M
$-1.2M
Q2 25
$61.6M
$30.9M
Q1 25
$-48.8M
$-6.0M
Q4 24
$55.8M
$42.2M
Q3 24
$69.6M
$-15.8M
Q2 24
$45.7M
$11.8M
Free Cash Flow
AAMI
AAMI
MMLP
MMLP
Q1 26
$-6.0M
Q4 25
$15.6M
Q3 25
$-7.9M
Q2 25
$25.6M
Q1 25
$-11.9M
Q4 24
$34.2M
Q3 24
$-25.6M
Q2 24
$-696.0K
FCF Margin
AAMI
AAMI
MMLP
MMLP
Q1 26
-3.2%
Q4 25
8.9%
Q3 25
-4.7%
Q2 25
14.2%
Q1 25
-6.2%
Q4 24
20.0%
Q3 24
-15.0%
Q2 24
-0.4%
Capex Intensity
AAMI
AAMI
MMLP
MMLP
Q1 26
1.6%
Q4 25
3.9%
Q3 25
4.0%
Q2 25
3.0%
Q1 25
3.1%
Q4 24
4.6%
Q3 24
5.8%
Q2 24
6.8%
Cash Conversion
AAMI
AAMI
MMLP
MMLP
Q1 26
Q4 25
-0.07×
Q3 25
-1.58×
Q2 25
6.10×
Q1 25
-2.43×
Q4 24
1.31×
Q3 24
4.12×
Q2 24
4.15×
3.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

MMLP
MMLP

Specialty products$61.6M33%
Transportation *$52.8M28%
Other$46.5M25%
Terminalling and storage *$22.4M12%
Sulfur services$4.4M2%

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