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Side-by-side financial comparison of AFFILIATED MANAGERS GROUP, INC. (AMG) and BIOCRYST PHARMACEUTICALS INC (BCRX). Click either name above to swap in a different company.

AFFILIATED MANAGERS GROUP, INC. is the larger business by last-quarter revenue ($556.6M vs $406.6M, roughly 1.4× BIOCRYST PHARMACEUTICALS INC). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs 60.5%, a 2.0% gap on every dollar of revenue. On growth, BIOCRYST PHARMACEUTICALS INC posted the faster year-over-year revenue change (209.1% vs 6.2%). BIOCRYST PHARMACEUTICALS INC produced more free cash flow last quarter ($291.2M vs $254.5M). Over the past eight quarters, BIOCRYST PHARMACEUTICALS INC's revenue compounded faster (109.4% CAGR vs 5.5%).

Affiliated Managers Group, Inc. (AMG) is an American financial services firm founded in 1993 and headquartered in West Palm Beach, Florida. The company's stock trades on the New York Stock Exchange under the symbol AMG, and is listed on the S&P 400 for mid-size American firms.

BioCryst Pharmaceuticals, Inc. is an American pharmaceutical company headquartered in Durham, North Carolina. The company is a late stage biotech company that focuses on oral drugs for rare and serious diseases. BioCryst's antiviral drug peramivir (Rapivab) was approved by FDA in December 2014. It has also been approved in Japan, Korea, and China.

AMG vs BCRX — Head-to-Head

Bigger by revenue
AMG
AMG
1.4× larger
AMG
$556.6M
$406.6M
BCRX
Growing faster (revenue YoY)
BCRX
BCRX
+202.9% gap
BCRX
209.1%
6.2%
AMG
Higher net margin
AMG
AMG
2.0% more per $
AMG
62.4%
60.5%
BCRX
More free cash flow
BCRX
BCRX
$36.7M more FCF
BCRX
$291.2M
$254.5M
AMG
Faster 2-yr revenue CAGR
BCRX
BCRX
Annualised
BCRX
109.4%
5.5%
AMG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMG
AMG
BCRX
BCRX
Revenue
$556.6M
$406.6M
Net Profit
$347.5M
$245.8M
Gross Margin
97.7%
Operating Margin
94.4%
64.0%
Net Margin
62.4%
60.5%
Revenue YoY
6.2%
209.1%
Net Profit YoY
114.2%
1017.5%
EPS (diluted)
$10.87
$1.13

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
AMG
AMG
BCRX
BCRX
Q4 25
$556.6M
$406.6M
Q3 25
$528.0M
$159.4M
Q2 25
$493.2M
$163.4M
Q1 25
$496.6M
$145.5M
Q4 24
$524.3M
$131.5M
Q3 24
$516.4M
$117.1M
Q2 24
$500.3M
$109.3M
Q1 24
$499.9M
$92.8M
Net Profit
AMG
AMG
BCRX
BCRX
Q4 25
$347.5M
$245.8M
Q3 25
$212.4M
$12.9M
Q2 25
$84.3M
$5.1M
Q1 25
$72.4M
$32.0K
Q4 24
$162.2M
$-26.8M
Q3 24
$123.6M
$-14.0M
Q2 24
$76.0M
$-12.7M
Q1 24
$149.8M
$-35.4M
Gross Margin
AMG
AMG
BCRX
BCRX
Q4 25
97.7%
Q3 25
98.6%
Q2 25
98.3%
Q1 25
96.9%
Q4 24
95.4%
Q3 24
97.3%
Q2 24
98.4%
Q1 24
98.6%
Operating Margin
AMG
AMG
BCRX
BCRX
Q4 25
94.4%
64.0%
Q3 25
68.7%
18.6%
Q2 25
34.8%
18.2%
Q1 25
25.5%
14.6%
Q4 24
52.2%
-3.4%
Q3 24
42.0%
6.6%
Q2 24
35.6%
8.0%
Q1 24
50.8%
-15.6%
Net Margin
AMG
AMG
BCRX
BCRX
Q4 25
62.4%
60.5%
Q3 25
40.2%
8.1%
Q2 25
17.1%
3.1%
Q1 25
14.6%
0.0%
Q4 24
30.9%
-20.4%
Q3 24
23.9%
-12.0%
Q2 24
15.2%
-11.6%
Q1 24
30.0%
-38.1%
EPS (diluted)
AMG
AMG
BCRX
BCRX
Q4 25
$10.87
$1.13
Q3 25
$6.87
$0.06
Q2 25
$2.80
$0.02
Q1 25
$2.20
$0.00
Q4 24
$4.95
$-0.13
Q3 24
$3.78
$-0.07
Q2 24
$2.26
$-0.06
Q1 24
$4.14
$-0.17

Balance Sheet & Financial Strength

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

Metric
AMG
AMG
BCRX
BCRX
Cash + ST InvestmentsLiquidity on hand
$586.0M
$274.7M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$3.2B
$-119.2M
Total Assets
$9.2B
$514.2M
Debt / EquityLower = less leverage
0.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
BCRX
BCRX
Q4 25
$586.0M
$274.7M
Q3 25
$476.1M
$212.9M
Q2 25
$361.0M
$260.0M
Q1 25
$816.5M
$295.1M
Q4 24
$950.0M
$320.9M
Q3 24
$1.0B
$96.8M
Q2 24
$865.5M
$78.4M
Q1 24
$793.4M
$84.3M
Total Debt
AMG
AMG
BCRX
BCRX
Q4 25
$2.7B
Q3 25
$2.4B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.5B
Q1 24
$2.5B
Stockholders' Equity
AMG
AMG
BCRX
BCRX
Q4 25
$3.2B
$-119.2M
Q3 25
$3.3B
$-387.9M
Q2 25
$3.2B
$-421.6M
Q1 25
$3.2B
$-451.9M
Q4 24
$3.3B
$-475.9M
Q3 24
$3.3B
$-468.6M
Q2 24
$3.3B
$-475.6M
Q1 24
$3.6B
$-476.2M
Total Assets
AMG
AMG
BCRX
BCRX
Q4 25
$9.2B
$514.2M
Q3 25
$8.9B
$446.4M
Q2 25
$8.8B
$457.2M
Q1 25
$8.7B
$480.0M
Q4 24
$8.8B
$490.4M
Q3 24
$8.9B
$491.3M
Q2 24
$8.8B
$472.4M
Q1 24
$9.0B
$467.9M
Debt / Equity
AMG
AMG
BCRX
BCRX
Q4 25
0.83×
Q3 25
0.71×
Q2 25
0.81×
Q1 25
0.82×
Q4 24
0.78×
Q3 24
0.79×
Q2 24
0.76×
Q1 24
0.70×

Cash Flow & Capital Efficiency

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

Metric
AMG
AMG
BCRX
BCRX
Operating Cash FlowLast quarter
$256.4M
$292.0M
Free Cash FlowOCF − Capex
$254.5M
$291.2M
FCF MarginFCF / Revenue
45.7%
71.6%
Capex IntensityCapex / Revenue
0.3%
0.2%
Cash ConversionOCF / Net Profit
0.74×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$967.1M
$344.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
BCRX
BCRX
Q4 25
$256.4M
$292.0M
Q3 25
$277.1M
$41.6M
Q2 25
$230.8M
$41.3M
Q1 25
$208.9M
$-27.5M
Q4 24
$212.5M
$-5.2M
Q3 24
$265.2M
$8.2M
Q2 24
$245.2M
$-1.4M
Q1 24
$209.2M
$-53.7M
Free Cash Flow
AMG
AMG
BCRX
BCRX
Q4 25
$254.5M
$291.2M
Q3 25
$275.9M
$40.3M
Q2 25
$229.4M
$41.1M
Q1 25
$207.3M
$-27.7M
Q4 24
$211.4M
$-5.9M
Q3 24
$264.5M
$8.2M
Q2 24
$244.6M
$-1.5M
Q1 24
$208.2M
$-53.9M
FCF Margin
AMG
AMG
BCRX
BCRX
Q4 25
45.7%
71.6%
Q3 25
52.3%
25.3%
Q2 25
46.5%
25.2%
Q1 25
41.7%
-19.0%
Q4 24
40.3%
-4.5%
Q3 24
51.2%
7.0%
Q2 24
48.9%
-1.4%
Q1 24
41.6%
-58.1%
Capex Intensity
AMG
AMG
BCRX
BCRX
Q4 25
0.3%
0.2%
Q3 25
0.2%
0.8%
Q2 25
0.3%
0.1%
Q1 25
0.3%
0.1%
Q4 24
0.2%
0.5%
Q3 24
0.1%
0.1%
Q2 24
0.1%
0.1%
Q1 24
0.2%
0.3%
Cash Conversion
AMG
AMG
BCRX
BCRX
Q4 25
0.74×
1.19×
Q3 25
1.30×
3.23×
Q2 25
2.74×
8.12×
Q1 25
2.89×
-859.91×
Q4 24
1.31×
Q3 24
2.15×
Q2 24
3.23×
Q1 24
1.40×

Financial Flow Comparison

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

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