vs

Side-by-side financial comparison of AFFILIATED MANAGERS GROUP, INC. (AMG) and BOX INC (BOX). 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 $301.1M, roughly 1.8× BOX INC). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs 4.0%, a 58.4% gap on every dollar of revenue. On growth, BOX INC posted the faster year-over-year revenue change (9.1% vs 6.2%). AFFILIATED MANAGERS GROUP, INC. produced more free cash flow last quarter ($254.5M vs $71.3M). Over the past eight quarters, BOX INC's revenue compounded faster (7.0% 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.

Box, Inc. is an American public company based in Redwood City, California. It develops and markets cloud-based content management, collaboration, and file sharing tools for businesses. Box was founded in 2005 by Aaron Levie and Dylan Smith. Initially, it focused on consumers, but around 2009 and 2010 Box pivoted to focus on business users. The company raised about $500 million over numerous funding rounds before going public in 2015. Its software allows users to store and manage files in an o...

AMG vs BOX — Head-to-Head

Bigger by revenue
AMG
AMG
1.8× larger
AMG
$556.6M
$301.1M
BOX
Growing faster (revenue YoY)
BOX
BOX
+3.0% gap
BOX
9.1%
6.2%
AMG
Higher net margin
AMG
AMG
58.4% more per $
AMG
62.4%
4.0%
BOX
More free cash flow
AMG
AMG
$183.2M more FCF
AMG
$254.5M
$71.3M
BOX
Faster 2-yr revenue CAGR
BOX
BOX
Annualised
BOX
7.0%
5.5%
AMG

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AMG
AMG
BOX
BOX
Revenue
$556.6M
$301.1M
Net Profit
$347.5M
$12.1M
Gross Margin
79.6%
Operating Margin
94.4%
8.3%
Net Margin
62.4%
4.0%
Revenue YoY
6.2%
9.1%
Net Profit YoY
114.2%
-6.4%
EPS (diluted)
$10.87
$0.05

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
BOX
BOX
Q4 25
$556.6M
$301.1M
Q3 25
$528.0M
$294.0M
Q2 25
$493.2M
$276.3M
Q1 25
$496.6M
$279.5M
Q4 24
$524.3M
$275.9M
Q3 24
$516.4M
$270.0M
Q2 24
$500.3M
$264.7M
Q1 24
$499.9M
$262.9M
Net Profit
AMG
AMG
BOX
BOX
Q4 25
$347.5M
$12.1M
Q3 25
$212.4M
$13.4M
Q2 25
$84.3M
$8.2M
Q1 25
$72.4M
$194.0M
Q4 24
$162.2M
$12.9M
Q3 24
$123.6M
$20.5M
Q2 24
$76.0M
$17.2M
Q1 24
$149.8M
$99.2M
Gross Margin
AMG
AMG
BOX
BOX
Q4 25
79.6%
Q3 25
79.1%
Q2 25
78.0%
Q1 25
79.0%
Q4 24
79.9%
Q3 24
79.4%
Q2 24
78.0%
Q1 24
76.1%
Operating Margin
AMG
AMG
BOX
BOX
Q4 25
94.4%
8.3%
Q3 25
68.7%
7.0%
Q2 25
34.8%
2.3%
Q1 25
25.5%
6.4%
Q4 24
52.2%
8.5%
Q3 24
42.0%
7.5%
Q2 24
35.6%
6.8%
Q1 24
50.8%
8.1%
Net Margin
AMG
AMG
BOX
BOX
Q4 25
62.4%
4.0%
Q3 25
40.2%
4.6%
Q2 25
17.1%
3.0%
Q1 25
14.6%
69.4%
Q4 24
30.9%
4.7%
Q3 24
23.9%
7.6%
Q2 24
15.2%
6.5%
Q1 24
30.0%
37.7%
EPS (diluted)
AMG
AMG
BOX
BOX
Q4 25
$10.87
$0.05
Q3 25
$6.87
$0.05
Q2 25
$2.80
$0.02
Q1 25
$2.20
$1.13
Q4 24
$4.95
$0.05
Q3 24
$3.78
$0.10
Q2 24
$2.26
$0.08
Q1 24
$4.14
$0.57

Balance Sheet & Financial Strength

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

Metric
AMG
AMG
BOX
BOX
Cash + ST InvestmentsLiquidity on hand
$586.0M
$729.6M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$3.2B
$-286.6M
Total Assets
$9.2B
$1.6B
Debt / EquityLower = less leverage
0.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
BOX
BOX
Q4 25
$586.0M
$729.6M
Q3 25
$476.1M
$757.9M
Q2 25
$361.0M
$790.4M
Q1 25
$816.5M
$722.8M
Q4 24
$950.0M
$697.9M
Q3 24
$1.0B
$482.2M
Q2 24
$865.5M
$566.1M
Q1 24
$793.4M
$480.7M
Total Debt
AMG
AMG
BOX
BOX
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
BOX
BOX
Q4 25
$3.2B
$-286.6M
Q3 25
$3.3B
$-269.4M
Q2 25
$3.2B
$-280.1M
Q1 25
$3.2B
$-297.0M
Q4 24
$3.3B
$-479.9M
Q3 24
$3.3B
$-439.4M
Q2 24
$3.3B
$-397.9M
Q1 24
$3.6B
$-431.1M
Total Assets
AMG
AMG
BOX
BOX
Q4 25
$9.2B
$1.6B
Q3 25
$8.9B
$1.6B
Q2 25
$8.8B
$1.6B
Q1 25
$8.7B
$1.7B
Q4 24
$8.8B
$1.4B
Q3 24
$8.9B
$1.1B
Q2 24
$8.8B
$1.2B
Q1 24
$9.0B
$1.2B
Debt / Equity
AMG
AMG
BOX
BOX
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
BOX
BOX
Operating Cash FlowLast quarter
$256.4M
$73.0M
Free Cash FlowOCF − Capex
$254.5M
$71.3M
FCF MarginFCF / Revenue
45.7%
23.7%
Capex IntensityCapex / Revenue
0.3%
0.6%
Cash ConversionOCF / Net Profit
0.74×
6.05×
TTM Free Cash FlowTrailing 4 quarters
$967.1M
$343.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
BOX
BOX
Q4 25
$256.4M
$73.0M
Q3 25
$277.1M
$46.0M
Q2 25
$230.8M
$127.1M
Q1 25
$208.9M
$102.2M
Q4 24
$212.5M
$62.6M
Q3 24
$265.2M
$36.3M
Q2 24
$245.2M
$131.2M
Q1 24
$209.2M
$89.3M
Free Cash Flow
AMG
AMG
BOX
BOX
Q4 25
$254.5M
$71.3M
Q3 25
$275.9M
$43.9M
Q2 25
$229.4M
$126.7M
Q1 25
$207.3M
$101.5M
Q4 24
$211.4M
$62.3M
Q3 24
$264.5M
$35.9M
Q2 24
$244.6M
$129.9M
Q1 24
$208.2M
$89.1M
FCF Margin
AMG
AMG
BOX
BOX
Q4 25
45.7%
23.7%
Q3 25
52.3%
14.9%
Q2 25
46.5%
45.9%
Q1 25
41.7%
36.3%
Q4 24
40.3%
22.6%
Q3 24
51.2%
13.3%
Q2 24
48.9%
49.1%
Q1 24
41.6%
33.9%
Capex Intensity
AMG
AMG
BOX
BOX
Q4 25
0.3%
0.6%
Q3 25
0.2%
0.7%
Q2 25
0.3%
0.1%
Q1 25
0.3%
0.2%
Q4 24
0.2%
0.1%
Q3 24
0.1%
0.1%
Q2 24
0.1%
0.5%
Q1 24
0.2%
0.1%
Cash Conversion
AMG
AMG
BOX
BOX
Q4 25
0.74×
6.05×
Q3 25
1.30×
3.42×
Q2 25
2.74×
15.51×
Q1 25
2.89×
0.53×
Q4 24
1.31×
4.85×
Q3 24
2.15×
1.77×
Q2 24
3.23×
7.62×
Q1 24
1.40×
0.90×

Financial Flow Comparison

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

Related Comparisons