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Side-by-side financial comparison of AFFILIATED MANAGERS GROUP, INC. (AMG) and FOX FACTORY HOLDING CORP (FOXF). 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 $376.4M, roughly 1.5× FOX FACTORY HOLDING CORP). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs -0.2%, a 62.6% gap on every dollar of revenue. On growth, AFFILIATED MANAGERS GROUP, INC. posted the faster year-over-year revenue change (6.2% vs 4.8%). AFFILIATED MANAGERS GROUP, INC. produced more free cash flow last quarter ($254.5M vs $-2.5M). Over the past eight quarters, FOX FACTORY HOLDING CORP's revenue compounded faster (6.4% 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.

Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.

AMG vs FOXF — Head-to-Head

Bigger by revenue
AMG
AMG
1.5× larger
AMG
$556.6M
$376.4M
FOXF
Growing faster (revenue YoY)
AMG
AMG
+1.4% gap
AMG
6.2%
4.8%
FOXF
Higher net margin
AMG
AMG
62.6% more per $
AMG
62.4%
-0.2%
FOXF
More free cash flow
AMG
AMG
$257.0M more FCF
AMG
$254.5M
$-2.5M
FOXF
Faster 2-yr revenue CAGR
FOXF
FOXF
Annualised
FOXF
6.4%
5.5%
AMG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AMG
AMG
FOXF
FOXF
Revenue
$556.6M
$376.4M
Net Profit
$347.5M
$-634.0K
Gross Margin
30.4%
Operating Margin
94.4%
4.0%
Net Margin
62.4%
-0.2%
Revenue YoY
6.2%
4.8%
Net Profit YoY
114.2%
-113.3%
EPS (diluted)
$10.87
$-0.02

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
FOXF
FOXF
Q4 25
$556.6M
$376.4M
Q3 25
$528.0M
$374.9M
Q2 25
$493.2M
$355.0M
Q1 25
$496.6M
$352.8M
Q4 24
$524.3M
Q3 24
$516.4M
$359.1M
Q2 24
$500.3M
$348.5M
Q1 24
$499.9M
$333.5M
Net Profit
AMG
AMG
FOXF
FOXF
Q4 25
$347.5M
$-634.0K
Q3 25
$212.4M
$2.7M
Q2 25
$84.3M
$-259.7M
Q1 25
$72.4M
$-141.0K
Q4 24
$162.2M
Q3 24
$123.6M
$4.8M
Q2 24
$76.0M
$5.4M
Q1 24
$149.8M
$-3.5M
Gross Margin
AMG
AMG
FOXF
FOXF
Q4 25
30.4%
Q3 25
31.2%
Q2 25
30.9%
Q1 25
28.9%
Q4 24
Q3 24
29.9%
Q2 24
31.8%
Q1 24
30.9%
Operating Margin
AMG
AMG
FOXF
FOXF
Q4 25
94.4%
4.0%
Q3 25
68.7%
4.9%
Q2 25
34.8%
-70.6%
Q1 25
25.5%
3.2%
Q4 24
52.2%
Q3 24
42.0%
5.2%
Q2 24
35.6%
5.3%
Q1 24
50.8%
2.7%
Net Margin
AMG
AMG
FOXF
FOXF
Q4 25
62.4%
-0.2%
Q3 25
40.2%
0.7%
Q2 25
17.1%
-73.1%
Q1 25
14.6%
-0.0%
Q4 24
30.9%
Q3 24
23.9%
1.3%
Q2 24
15.2%
1.6%
Q1 24
30.0%
-1.0%
EPS (diluted)
AMG
AMG
FOXF
FOXF
Q4 25
$10.87
$-0.02
Q3 25
$6.87
$0.07
Q2 25
$2.80
$-6.23
Q1 25
$2.20
$0.00
Q4 24
$4.95
Q3 24
$3.78
$0.11
Q2 24
$2.26
$0.13
Q1 24
$4.14
$-0.08

Balance Sheet & Financial Strength

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

Metric
AMG
AMG
FOXF
FOXF
Cash + ST InvestmentsLiquidity on hand
$586.0M
Total DebtLower is stronger
$2.7B
$536.7M
Stockholders' EquityBook value
$3.2B
$956.0M
Total Assets
$9.2B
$2.0B
Debt / EquityLower = less leverage
0.83×
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
FOXF
FOXF
Q4 25
$586.0M
Q3 25
$476.1M
Q2 25
$361.0M
Q1 25
$816.5M
$71.7M
Q4 24
$950.0M
Q3 24
$1.0B
Q2 24
$865.5M
Q1 24
$793.4M
Total Debt
AMG
AMG
FOXF
FOXF
Q4 25
$2.7B
$536.7M
Q3 25
$2.4B
$541.8M
Q2 25
$2.6B
$546.9M
Q1 25
$2.6B
$552.1M
Q4 24
$2.6B
Q3 24
$2.6B
$558.4M
Q2 24
$2.5B
$564.1M
Q1 24
$2.5B
$370.4M
Stockholders' Equity
AMG
AMG
FOXF
FOXF
Q4 25
$3.2B
$956.0M
Q3 25
$3.3B
$958.7M
Q2 25
$3.2B
$939.9M
Q1 25
$3.2B
$1.2B
Q4 24
$3.3B
Q3 24
$3.3B
$1.2B
Q2 24
$3.3B
$1.2B
Q1 24
$3.6B
$1.2B
Total Assets
AMG
AMG
FOXF
FOXF
Q4 25
$9.2B
$2.0B
Q3 25
$8.9B
$2.0B
Q2 25
$8.8B
$1.9B
Q1 25
$8.7B
$2.2B
Q4 24
$8.8B
Q3 24
$8.9B
$2.3B
Q2 24
$8.8B
$2.3B
Q1 24
$9.0B
$2.2B
Debt / Equity
AMG
AMG
FOXF
FOXF
Q4 25
0.83×
0.56×
Q3 25
0.71×
0.57×
Q2 25
0.81×
0.58×
Q1 25
0.82×
0.46×
Q4 24
0.78×
Q3 24
0.79×
0.47×
Q2 24
0.76×
0.47×
Q1 24
0.70×
0.31×

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
FOXF
FOXF
Operating Cash FlowLast quarter
$256.4M
$5.3M
Free Cash FlowOCF − Capex
$254.5M
$-2.5M
FCF MarginFCF / Revenue
45.7%
-0.7%
Capex IntensityCapex / Revenue
0.3%
2.1%
Cash ConversionOCF / Net Profit
0.74×
TTM Free Cash FlowTrailing 4 quarters
$967.1M
$85.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
FOXF
FOXF
Q4 25
$256.4M
$5.3M
Q3 25
$277.1M
$36.8M
Q2 25
$230.8M
$680.0K
Q1 25
$208.9M
$81.7M
Q4 24
$212.5M
Q3 24
$265.2M
$14.1M
Q2 24
$245.2M
$26.7M
Q1 24
$209.2M
$9.4M
Free Cash Flow
AMG
AMG
FOXF
FOXF
Q4 25
$254.5M
$-2.5M
Q3 25
$275.9M
$24.6M
Q2 25
$229.4M
$-6.5M
Q1 25
$207.3M
$69.8M
Q4 24
$211.4M
Q3 24
$264.5M
$3.2M
Q2 24
$244.6M
$15.4M
Q1 24
$208.2M
$-555.0K
FCF Margin
AMG
AMG
FOXF
FOXF
Q4 25
45.7%
-0.7%
Q3 25
52.3%
6.6%
Q2 25
46.5%
-1.8%
Q1 25
41.7%
19.8%
Q4 24
40.3%
Q3 24
51.2%
0.9%
Q2 24
48.9%
4.4%
Q1 24
41.6%
-0.2%
Capex Intensity
AMG
AMG
FOXF
FOXF
Q4 25
0.3%
2.1%
Q3 25
0.2%
3.3%
Q2 25
0.3%
2.0%
Q1 25
0.3%
3.4%
Q4 24
0.2%
Q3 24
0.1%
3.0%
Q2 24
0.1%
3.2%
Q1 24
0.2%
3.0%
Cash Conversion
AMG
AMG
FOXF
FOXF
Q4 25
0.74×
Q3 25
1.30×
13.41×
Q2 25
2.74×
Q1 25
2.89×
Q4 24
1.31×
Q3 24
2.15×
2.94×
Q2 24
3.23×
4.94×
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.

FOXF
FOXF

Specialty Sports Group$132.7M35%
Powered Vehicles Group$125.9M33%
Aftermarket Applications Group$117.8M31%

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