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

FMC CORP is the larger business by last-quarter revenue ($1.1B vs $556.6M, roughly 1.9× AFFILIATED MANAGERS GROUP, INC.). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs -158.8%, a 221.3% gap on every dollar of revenue. On growth, AFFILIATED MANAGERS GROUP, INC. posted the faster year-over-year revenue change (6.2% vs -11.5%). FMC CORP produced more free cash flow last quarter ($631.1M vs $254.5M). Over the past eight quarters, FMC CORP's revenue compounded faster (8.6% 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.

FMC Corporation is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania, which originated as an insecticide producer in 1883 and later diversified into other industries. In 1941 at the beginning of US involvement in WWII, the company received a contract to design and build amphibious tracked landing vehicles for the United States Department of War, and afterwards the company continued to diversify its products. FMC employs 7,000 people worldwide, and had gros...

AMG vs FMC — Head-to-Head

Bigger by revenue
FMC
FMC
1.9× larger
FMC
$1.1B
$556.6M
AMG
Growing faster (revenue YoY)
AMG
AMG
+17.7% gap
AMG
6.2%
-11.5%
FMC
Higher net margin
AMG
AMG
221.3% more per $
AMG
62.4%
-158.8%
FMC
More free cash flow
FMC
FMC
$376.6M more FCF
FMC
$631.1M
$254.5M
AMG
Faster 2-yr revenue CAGR
FMC
FMC
Annualised
FMC
8.6%
5.5%
AMG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMG
AMG
FMC
FMC
Revenue
$556.6M
$1.1B
Net Profit
$347.5M
$-1.7B
Gross Margin
39.8%
Operating Margin
94.4%
-130.8%
Net Margin
62.4%
-158.8%
Revenue YoY
6.2%
-11.5%
Net Profit YoY
114.2%
-10457.1%
EPS (diluted)
$10.87
$-13.77

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
FMC
FMC
Q4 25
$556.6M
$1.1B
Q3 25
$528.0M
$542.2M
Q2 25
$493.2M
$1.1B
Q1 25
$496.6M
$791.4M
Q4 24
$524.3M
$1.2B
Q3 24
$516.4M
$1.1B
Q2 24
$500.3M
$1.0B
Q1 24
$499.9M
$918.0M
Net Profit
AMG
AMG
FMC
FMC
Q4 25
$347.5M
$-1.7B
Q3 25
$212.4M
$-569.3M
Q2 25
$84.3M
$66.7M
Q1 25
$72.4M
$-15.5M
Q4 24
$162.2M
$-16.3M
Q3 24
$123.6M
$65.0M
Q2 24
$76.0M
$295.1M
Q1 24
$149.8M
$-2.7M
Gross Margin
AMG
AMG
FMC
FMC
Q4 25
39.8%
Q3 25
23.8%
Q2 25
38.7%
Q1 25
40.0%
Q4 24
42.9%
Q3 24
36.3%
Q2 24
38.3%
Q1 24
37.0%
Operating Margin
AMG
AMG
FMC
FMC
Q4 25
94.4%
-130.8%
Q3 25
68.7%
-73.1%
Q2 25
34.8%
12.0%
Q1 25
25.5%
7.4%
Q4 24
52.2%
19.2%
Q3 24
42.0%
12.7%
Q2 24
35.6%
6.0%
Q1 24
50.8%
8.1%
Net Margin
AMG
AMG
FMC
FMC
Q4 25
62.4%
-158.8%
Q3 25
40.2%
-105.0%
Q2 25
17.1%
6.3%
Q1 25
14.6%
-2.0%
Q4 24
30.9%
-1.3%
Q3 24
23.9%
6.1%
Q2 24
15.2%
28.4%
Q1 24
30.0%
-0.3%
EPS (diluted)
AMG
AMG
FMC
FMC
Q4 25
$10.87
$-13.77
Q3 25
$6.87
$-4.52
Q2 25
$2.80
$0.53
Q1 25
$2.20
$-0.12
Q4 24
$4.95
$-0.13
Q3 24
$3.78
$0.52
Q2 24
$2.26
$2.35
Q1 24
$4.14
$-0.02

Balance Sheet & Financial Strength

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

Metric
AMG
AMG
FMC
FMC
Cash + ST InvestmentsLiquidity on hand
$586.0M
$584.5M
Total DebtLower is stronger
$2.7B
$3.4B
Stockholders' EquityBook value
$3.2B
$2.1B
Total Assets
$9.2B
$9.7B
Debt / EquityLower = less leverage
0.83×
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
FMC
FMC
Q4 25
$586.0M
$584.5M
Q3 25
$476.1M
$497.7M
Q2 25
$361.0M
$438.2M
Q1 25
$816.5M
$315.3M
Q4 24
$950.0M
$357.3M
Q3 24
$1.0B
$416.7M
Q2 24
$865.5M
$471.5M
Q1 24
$793.4M
$417.8M
Total Debt
AMG
AMG
FMC
FMC
Q4 25
$2.7B
$3.4B
Q3 25
$2.4B
$3.4B
Q2 25
$2.6B
$3.4B
Q1 25
$2.6B
$3.1B
Q4 24
$2.6B
$3.1B
Q3 24
$2.6B
$3.1B
Q2 24
$2.5B
$3.1B
Q1 24
$2.5B
$3.1B
Stockholders' Equity
AMG
AMG
FMC
FMC
Q4 25
$3.2B
$2.1B
Q3 25
$3.3B
$3.8B
Q2 25
$3.2B
$4.4B
Q1 25
$3.2B
$4.4B
Q4 24
$3.3B
$4.5B
Q3 24
$3.3B
$4.6B
Q2 24
$3.3B
$4.6B
Q1 24
$3.6B
$4.3B
Total Assets
AMG
AMG
FMC
FMC
Q4 25
$9.2B
$9.7B
Q3 25
$8.9B
$12.1B
Q2 25
$8.8B
$12.3B
Q1 25
$8.7B
$11.8B
Q4 24
$8.8B
$11.7B
Q3 24
$8.9B
$12.2B
Q2 24
$8.8B
$12.1B
Q1 24
$9.0B
$12.0B
Debt / Equity
AMG
AMG
FMC
FMC
Q4 25
0.83×
1.62×
Q3 25
0.71×
0.89×
Q2 25
0.81×
0.76×
Q1 25
0.82×
0.71×
Q4 24
0.78×
0.69×
Q3 24
0.79×
0.68×
Q2 24
0.76×
0.68×
Q1 24
0.70×
0.72×

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
FMC
FMC
Operating Cash FlowLast quarter
$256.4M
$657.1M
Free Cash FlowOCF − Capex
$254.5M
$631.1M
FCF MarginFCF / Revenue
45.7%
58.3%
Capex IntensityCapex / Revenue
0.3%
2.4%
Cash ConversionOCF / Net Profit
0.74×
TTM Free Cash FlowTrailing 4 quarters
$967.1M
$-102.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
FMC
FMC
Q4 25
$256.4M
$657.1M
Q3 25
$277.1M
$-184.2M
Q2 25
$230.8M
$65.9M
Q1 25
$208.9M
$-545.0M
Q4 24
$212.5M
$427.9M
Q3 24
$265.2M
$159.5M
Q2 24
$245.2M
$292.2M
Q1 24
$209.2M
$-142.9M
Free Cash Flow
AMG
AMG
FMC
FMC
Q4 25
$254.5M
$631.1M
Q3 25
$275.9M
$-207.9M
Q2 25
$229.4M
$50.9M
Q1 25
$207.3M
$-576.6M
Q4 24
$211.4M
$406.3M
Q3 24
$264.5M
$143.8M
Q2 24
$244.6M
$282.3M
Q1 24
$208.2M
$-163.6M
FCF Margin
AMG
AMG
FMC
FMC
Q4 25
45.7%
58.3%
Q3 25
52.3%
-38.3%
Q2 25
46.5%
4.8%
Q1 25
41.7%
-72.9%
Q4 24
40.3%
33.2%
Q3 24
51.2%
13.5%
Q2 24
48.9%
27.2%
Q1 24
41.6%
-17.8%
Capex Intensity
AMG
AMG
FMC
FMC
Q4 25
0.3%
2.4%
Q3 25
0.2%
4.4%
Q2 25
0.3%
1.4%
Q1 25
0.3%
4.0%
Q4 24
0.2%
1.8%
Q3 24
0.1%
1.5%
Q2 24
0.1%
1.0%
Q1 24
0.2%
2.3%
Cash Conversion
AMG
AMG
FMC
FMC
Q4 25
0.74×
Q3 25
1.30×
Q2 25
2.74×
0.99×
Q1 25
2.89×
Q4 24
1.31×
Q3 24
2.15×
2.45×
Q2 24
3.23×
0.99×
Q1 24
1.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMG
AMG

Segment breakdown not available.

FMC
FMC

Insecticides$440.3M41%
Herbicides$378.8M35%
Fungicides$140.4M13%
Plant Health$65.6M6%
Other$45.0M4%

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