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Side-by-side financial comparison of AFFILIATED MANAGERS GROUP, INC. (AMG) and Kodiak Gas Services, Inc. (KGS). 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 $332.9M, roughly 1.7× Kodiak Gas Services, Inc.). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs 7.4%, a 55.0% gap on every dollar of revenue. On growth, Kodiak Gas Services, Inc. posted the faster year-over-year revenue change (7.5% vs 6.2%). AFFILIATED MANAGERS GROUP, INC. produced more free cash flow last quarter ($254.5M vs $142.0M). Over the past eight quarters, Kodiak Gas Services, Inc.'s revenue compounded faster (24.3% 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.

Kodiak Gas Services, Inc. is a leading natural gas compression services provider operating primarily across North America. It serves upstream and midstream energy sector clients, offering custom compression equipment, regular maintenance, and operational support to optimize natural gas gathering, processing, and transportation workflows for onshore oil and gas production operations.

AMG vs KGS — Head-to-Head

Bigger by revenue
AMG
AMG
1.7× larger
AMG
$556.6M
$332.9M
KGS
Growing faster (revenue YoY)
KGS
KGS
+1.4% gap
KGS
7.5%
6.2%
AMG
Higher net margin
AMG
AMG
55.0% more per $
AMG
62.4%
7.4%
KGS
More free cash flow
AMG
AMG
$112.5M more FCF
AMG
$254.5M
$142.0M
KGS
Faster 2-yr revenue CAGR
KGS
KGS
Annualised
KGS
24.3%
5.5%
AMG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMG
AMG
KGS
KGS
Revenue
$556.6M
$332.9M
Net Profit
$347.5M
$24.6M
Gross Margin
Operating Margin
94.4%
26.1%
Net Margin
62.4%
7.4%
Revenue YoY
6.2%
7.5%
Net Profit YoY
114.2%
29.0%
EPS (diluted)
$10.87
$0.30

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
KGS
KGS
Q4 25
$556.6M
$332.9M
Q3 25
$528.0M
$322.7M
Q2 25
$493.2M
$322.8M
Q1 25
$496.6M
$329.6M
Q4 24
$524.3M
$309.5M
Q3 24
$516.4M
$324.6M
Q2 24
$500.3M
$309.7M
Q1 24
$499.9M
$215.5M
Net Profit
AMG
AMG
KGS
KGS
Q4 25
$347.5M
$24.6M
Q3 25
$212.4M
$-14.0M
Q2 25
$84.3M
$39.5M
Q1 25
$72.4M
$30.4M
Q4 24
$162.2M
$19.1M
Q3 24
$123.6M
$-5.6M
Q2 24
$76.0M
$6.2M
Q1 24
$149.8M
$30.2M
Gross Margin
AMG
AMG
KGS
KGS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
37.5%
Q2 24
36.5%
Q1 24
39.4%
Operating Margin
AMG
AMG
KGS
KGS
Q4 25
94.4%
26.1%
Q3 25
68.7%
19.9%
Q2 25
34.8%
30.9%
Q1 25
25.5%
27.1%
Q4 24
52.2%
22.3%
Q3 24
42.0%
20.4%
Q2 24
35.6%
17.5%
Q1 24
50.8%
27.9%
Net Margin
AMG
AMG
KGS
KGS
Q4 25
62.4%
7.4%
Q3 25
40.2%
-4.3%
Q2 25
17.1%
12.2%
Q1 25
14.6%
9.2%
Q4 24
30.9%
6.2%
Q3 24
23.9%
-1.7%
Q2 24
15.2%
2.0%
Q1 24
30.0%
14.0%
EPS (diluted)
AMG
AMG
KGS
KGS
Q4 25
$10.87
$0.30
Q3 25
$6.87
$-0.17
Q2 25
$2.80
$0.43
Q1 25
$2.20
$0.33
Q4 24
$4.95
$0.18
Q3 24
$3.78
$-0.07
Q2 24
$2.26
$0.06
Q1 24
$4.14
$0.39

Balance Sheet & Financial Strength

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

Metric
AMG
AMG
KGS
KGS
Cash + ST InvestmentsLiquidity on hand
$586.0M
$3.2M
Total DebtLower is stronger
$2.7B
$2.6B
Stockholders' EquityBook value
$3.2B
$1.2B
Total Assets
$9.2B
$4.3B
Debt / EquityLower = less leverage
0.83×
2.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
KGS
KGS
Q4 25
$586.0M
$3.2M
Q3 25
$476.1M
$724.0K
Q2 25
$361.0M
$5.4M
Q1 25
$816.5M
$1.9M
Q4 24
$950.0M
$4.8M
Q3 24
$1.0B
$7.4M
Q2 24
$865.5M
$3.9M
Q1 24
$793.4M
$9.3M
Total Debt
AMG
AMG
KGS
KGS
Q4 25
$2.7B
$2.6B
Q3 25
$2.4B
$2.6B
Q2 25
$2.6B
$2.5B
Q1 25
$2.6B
$2.6B
Q4 24
$2.6B
$2.6B
Q3 24
$2.6B
$2.6B
Q2 24
$2.5B
$2.5B
Q1 24
$2.5B
Stockholders' Equity
AMG
AMG
KGS
KGS
Q4 25
$3.2B
$1.2B
Q3 25
$3.3B
$1.3B
Q2 25
$3.2B
$1.3B
Q1 25
$3.2B
$1.4B
Q4 24
$3.3B
$1.4B
Q3 24
$3.3B
$1.4B
Q2 24
$3.3B
$1.5B
Q1 24
$3.6B
$1.1B
Total Assets
AMG
AMG
KGS
KGS
Q4 25
$9.2B
$4.3B
Q3 25
$8.9B
$4.4B
Q2 25
$8.8B
$4.4B
Q1 25
$8.7B
$4.4B
Q4 24
$8.8B
$4.4B
Q3 24
$8.9B
$4.5B
Q2 24
$8.8B
$4.4B
Q1 24
$9.0B
$3.3B
Debt / Equity
AMG
AMG
KGS
KGS
Q4 25
0.83×
2.12×
Q3 25
0.71×
2.08×
Q2 25
0.81×
1.89×
Q1 25
0.82×
1.91×
Q4 24
0.78×
1.88×
Q3 24
0.79×
1.86×
Q2 24
0.76×
1.71×
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
KGS
KGS
Operating Cash FlowLast quarter
$256.4M
$194.9M
Free Cash FlowOCF − Capex
$254.5M
$142.0M
FCF MarginFCF / Revenue
45.7%
42.7%
Capex IntensityCapex / Revenue
0.3%
15.9%
Cash ConversionOCF / Net Profit
0.74×
7.91×
TTM Free Cash FlowTrailing 4 quarters
$967.1M
$284.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
KGS
KGS
Q4 25
$256.4M
$194.9M
Q3 25
$277.1M
$113.4M
Q2 25
$230.8M
$177.2M
Q1 25
$208.9M
$114.3M
Q4 24
$212.5M
$118.5M
Q3 24
$265.2M
$36.9M
Q2 24
$245.2M
$121.1M
Q1 24
$209.2M
$51.5M
Free Cash Flow
AMG
AMG
KGS
KGS
Q4 25
$254.5M
$142.0M
Q3 25
$275.9M
$10.9M
Q2 25
$229.4M
$94.6M
Q1 25
$207.3M
$36.8M
Q4 24
$211.4M
$45.2M
Q3 24
$264.5M
$-49.7M
Q2 24
$244.6M
$4.0M
Q1 24
$208.2M
$-8.6M
FCF Margin
AMG
AMG
KGS
KGS
Q4 25
45.7%
42.7%
Q3 25
52.3%
3.4%
Q2 25
46.5%
29.3%
Q1 25
41.7%
11.2%
Q4 24
40.3%
14.6%
Q3 24
51.2%
-15.3%
Q2 24
48.9%
1.3%
Q1 24
41.6%
-4.0%
Capex Intensity
AMG
AMG
KGS
KGS
Q4 25
0.3%
15.9%
Q3 25
0.2%
31.7%
Q2 25
0.3%
25.6%
Q1 25
0.3%
23.5%
Q4 24
0.2%
23.7%
Q3 24
0.1%
26.7%
Q2 24
0.1%
37.8%
Q1 24
0.2%
27.9%
Cash Conversion
AMG
AMG
KGS
KGS
Q4 25
0.74×
7.91×
Q3 25
1.30×
Q2 25
2.74×
4.49×
Q1 25
2.89×
3.76×
Q4 24
1.31×
6.21×
Q3 24
2.15×
Q2 24
3.23×
19.44×
Q1 24
1.40×
1.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMG
AMG

Segment breakdown not available.

KGS
KGS

Other Services$126.8M38%
Other$112.2M34%
Transferred At Point In Time$93.8M28%

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