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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and Thryv Holdings, Inc. (THRY). 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 $167.7M, roughly 1.0× Thryv Holdings, Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 2.7%, a 17.4% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -7.5%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs -13.5%).

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

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

AAMI vs THRY — Head-to-Head

Bigger by revenue
AAMI
AAMI
1.0× larger
AAMI
$172.2M
$167.7M
THRY
Growing faster (revenue YoY)
AAMI
AAMI
+10.2% gap
AAMI
2.6%
-7.5%
THRY
Higher net margin
AAMI
AAMI
17.4% more per $
AAMI
20.2%
2.7%
THRY
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
-13.5%
THRY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AAMI
AAMI
THRY
THRY
Revenue
$172.2M
$167.7M
Net Profit
$34.7M
$4.5M
Gross Margin
65.2%
Operating Margin
33.3%
37.3%
Net Margin
20.2%
2.7%
Revenue YoY
2.6%
-7.5%
Net Profit YoY
-18.4%
147.2%
EPS (diluted)
$0.97
$0.10

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
THRY
THRY
Q1 26
$167.7M
Q4 25
$172.2M
$191.6M
Q3 25
$144.2M
$201.6M
Q2 25
$127.4M
$210.5M
Q1 25
$119.9M
$181.4M
Q4 24
$167.8M
$186.6M
Q3 24
$123.1M
$179.9M
Q2 24
$109.0M
$224.1M
Net Profit
AAMI
AAMI
THRY
THRY
Q1 26
$4.5M
Q4 25
$34.7M
$-9.7M
Q3 25
$15.1M
$5.7M
Q2 25
$10.1M
$13.9M
Q1 25
$20.1M
$-9.6M
Q4 24
$42.5M
$7.9M
Q3 24
$16.9M
$-96.1M
Q2 24
$11.0M
$5.5M
Gross Margin
AAMI
AAMI
THRY
THRY
Q1 26
65.2%
Q4 25
68.0%
Q3 25
67.7%
Q2 25
69.7%
Q1 25
65.8%
Q4 24
65.9%
Q3 24
62.3%
Q2 24
66.3%
Operating Margin
AAMI
AAMI
THRY
THRY
Q1 26
37.3%
Q4 25
33.3%
5.3%
Q3 25
18.4%
9.9%
Q2 25
12.7%
14.0%
Q1 25
26.6%
-1.7%
Q4 24
38.7%
-3.9%
Q3 24
21.9%
-49.2%
Q2 24
18.9%
14.0%
Net Margin
AAMI
AAMI
THRY
THRY
Q1 26
2.7%
Q4 25
20.2%
-5.0%
Q3 25
10.5%
2.8%
Q2 25
7.9%
6.6%
Q1 25
16.8%
-5.3%
Q4 24
25.3%
4.2%
Q3 24
13.7%
-53.4%
Q2 24
10.1%
2.5%
EPS (diluted)
AAMI
AAMI
THRY
THRY
Q1 26
$0.10
Q4 25
$0.97
$-0.21
Q3 25
$0.42
$0.13
Q2 25
$0.28
$0.31
Q1 25
$0.54
$-0.22
Q4 24
$1.11
$0.28
Q3 24
$0.45
$-2.65
Q2 24
$0.29
$0.15

Balance Sheet & Financial Strength

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

Metric
AAMI
AAMI
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$8.0M
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
$225.4M
Total Assets
$677.0M
$693.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
THRY
THRY
Q1 26
$8.0M
Q4 25
$10.8M
Q3 25
$11.6M
Q2 25
$10.8M
Q1 25
$11.0M
Q4 24
$16.3M
Q3 24
$12.5M
Q2 24
$15.5M
Total Debt
AAMI
AAMI
THRY
THRY
Q1 26
Q4 25
$200.0M
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$275.0M
$284.3M
Q3 24
$307.8M
Q2 24
$342.1M
Stockholders' Equity
AAMI
AAMI
THRY
THRY
Q1 26
$225.4M
Q4 25
$218.1M
Q3 25
$221.1M
Q2 25
$214.9M
Q1 25
$193.2M
Q4 24
$196.9M
Q3 24
$94.5M
Q2 24
$183.1M
Total Assets
AAMI
AAMI
THRY
THRY
Q1 26
$693.7M
Q4 25
$677.0M
$688.6M
Q3 25
$751.4M
$701.8M
Q2 25
$672.3M
$687.7M
Q1 25
$677.3M
$703.7M
Q4 24
$703.2M
$712.2M
Q3 24
$555.2M
$654.8M
Q2 24
$533.1M
$785.5M
Debt / Equity
AAMI
AAMI
THRY
THRY
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×

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
THRY
THRY
Operating Cash FlowLast quarter
$-2.4M
Free Cash FlowOCF − Capex
$-5.5M
FCF MarginFCF / Revenue
-3.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
THRY
THRY
Q1 26
Q4 25
$-2.4M
$22.2M
Q3 25
$-23.9M
$22.2M
Q2 25
$61.6M
$29.6M
Q1 25
$-48.8M
$-10.5M
Q4 24
$55.8M
$26.1M
Q3 24
$69.6M
$36.0M
Q2 24
$45.7M
$22.2M
Free Cash Flow
AAMI
AAMI
THRY
THRY
Q1 26
$-5.5M
Q4 25
$12.3M
Q3 25
$14.6M
Q2 25
$21.8M
Q1 25
$-17.6M
Q4 24
$17.3M
Q3 24
$27.5M
Q2 24
$13.3M
FCF Margin
AAMI
AAMI
THRY
THRY
Q1 26
-3.3%
Q4 25
6.4%
Q3 25
7.2%
Q2 25
10.4%
Q1 25
-9.7%
Q4 24
9.3%
Q3 24
15.3%
Q2 24
5.9%
Capex Intensity
AAMI
AAMI
THRY
THRY
Q1 26
Q4 25
5.2%
Q3 25
3.8%
Q2 25
3.7%
Q1 25
3.9%
Q4 24
4.7%
Q3 24
4.7%
Q2 24
4.0%
Cash Conversion
AAMI
AAMI
THRY
THRY
Q1 26
Q4 25
-0.07×
Q3 25
-1.58×
3.93×
Q2 25
6.10×
2.12×
Q1 25
-2.43×
Q4 24
1.31×
3.32×
Q3 24
4.12×
Q2 24
4.15×
4.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

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