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Side-by-side financial comparison of AFFILIATED MANAGERS GROUP, INC. (AMG) and KRONOS WORLDWIDE INC (KRO). 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 $418.3M, roughly 1.3× KRONOS WORLDWIDE INC). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs -19.8%, a 82.2% gap on every dollar of revenue. On growth, AFFILIATED MANAGERS GROUP, INC. posted the faster year-over-year revenue change (6.2% vs -1.1%). AFFILIATED MANAGERS GROUP, INC. produced more free cash flow last quarter ($254.5M vs $81.9M). Over the past eight quarters, AFFILIATED MANAGERS GROUP, INC.'s revenue compounded faster (5.5% CAGR vs -6.5%).

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.

Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.

AMG vs KRO — Head-to-Head

Bigger by revenue
AMG
AMG
1.3× larger
AMG
$556.6M
$418.3M
KRO
Growing faster (revenue YoY)
AMG
AMG
+7.3% gap
AMG
6.2%
-1.1%
KRO
Higher net margin
AMG
AMG
82.2% more per $
AMG
62.4%
-19.8%
KRO
More free cash flow
AMG
AMG
$172.6M more FCF
AMG
$254.5M
$81.9M
KRO
Faster 2-yr revenue CAGR
AMG
AMG
Annualised
AMG
5.5%
-6.5%
KRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMG
AMG
KRO
KRO
Revenue
$556.6M
$418.3M
Net Profit
$347.5M
$-82.8M
Gross Margin
-0.9%
Operating Margin
94.4%
-15.1%
Net Margin
62.4%
-19.8%
Revenue YoY
6.2%
-1.1%
Net Profit YoY
114.2%
-527.3%
EPS (diluted)
$10.87
$-0.72

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
KRO
KRO
Q4 25
$556.6M
$418.3M
Q3 25
$528.0M
$456.9M
Q2 25
$493.2M
$494.4M
Q1 25
$496.6M
$489.8M
Q4 24
$524.3M
$423.1M
Q3 24
$516.4M
$484.7M
Q2 24
$500.3M
$500.5M
Q1 24
$499.9M
$478.8M
Net Profit
AMG
AMG
KRO
KRO
Q4 25
$347.5M
$-82.8M
Q3 25
$212.4M
$-37.0M
Q2 25
$84.3M
$-9.2M
Q1 25
$72.4M
$18.1M
Q4 24
$162.2M
$-13.2M
Q3 24
$123.6M
$71.8M
Q2 24
$76.0M
$19.5M
Q1 24
$149.8M
$8.1M
Gross Margin
AMG
AMG
KRO
KRO
Q4 25
-0.9%
Q3 25
10.3%
Q2 25
12.7%
Q1 25
21.8%
Q4 24
20.4%
Q3 24
20.9%
Q2 24
20.0%
Q1 24
14.9%
Operating Margin
AMG
AMG
KRO
KRO
Q4 25
94.4%
-15.1%
Q3 25
68.7%
-4.2%
Q2 25
34.8%
1.5%
Q1 25
25.5%
7.8%
Q4 24
52.2%
6.8%
Q3 24
42.0%
8.0%
Q2 24
35.6%
7.2%
Q1 24
50.8%
4.1%
Net Margin
AMG
AMG
KRO
KRO
Q4 25
62.4%
-19.8%
Q3 25
40.2%
-8.1%
Q2 25
17.1%
-1.9%
Q1 25
14.6%
3.7%
Q4 24
30.9%
-3.1%
Q3 24
23.9%
14.8%
Q2 24
15.2%
3.9%
Q1 24
30.0%
1.7%
EPS (diluted)
AMG
AMG
KRO
KRO
Q4 25
$10.87
$-0.72
Q3 25
$6.87
$-0.32
Q2 25
$2.80
$-0.08
Q1 25
$2.20
$0.16
Q4 24
$4.95
$-0.11
Q3 24
$3.78
$0.62
Q2 24
$2.26
$0.17
Q1 24
$4.14
$0.07

Balance Sheet & Financial Strength

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

Metric
AMG
AMG
KRO
KRO
Cash + ST InvestmentsLiquidity on hand
$586.0M
$33.2M
Total DebtLower is stronger
$2.7B
$557.4M
Stockholders' EquityBook value
$3.2B
$751.1M
Total Assets
$9.2B
$1.8B
Debt / EquityLower = less leverage
0.83×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
KRO
KRO
Q4 25
$586.0M
$33.2M
Q3 25
$476.1M
$27.7M
Q2 25
$361.0M
$18.9M
Q1 25
$816.5M
$20.5M
Q4 24
$950.0M
$106.7M
Q3 24
$1.0B
$94.8M
Q2 24
$865.5M
$133.8M
Q1 24
$793.4M
$120.7M
Total Debt
AMG
AMG
KRO
KRO
Q4 25
$2.7B
$557.4M
Q3 25
$2.4B
$626.2M
Q2 25
$2.6B
$589.3M
Q1 25
$2.6B
$557.2M
Q4 24
$2.6B
$507.4M
Q3 24
$2.6B
$554.3M
Q2 24
$2.5B
$423.7M
Q1 24
$2.5B
$426.9M
Stockholders' Equity
AMG
AMG
KRO
KRO
Q4 25
$3.2B
$751.1M
Q3 25
$3.3B
$804.7M
Q2 25
$3.2B
$846.8M
Q1 25
$3.2B
$847.0M
Q4 24
$3.3B
$817.0M
Q3 24
$3.3B
$847.4M
Q2 24
$3.3B
$774.6M
Q1 24
$3.6B
$774.4M
Total Assets
AMG
AMG
KRO
KRO
Q4 25
$9.2B
$1.8B
Q3 25
$8.9B
$1.9B
Q2 25
$8.8B
$1.9B
Q1 25
$8.7B
$1.9B
Q4 24
$8.8B
$1.9B
Q3 24
$8.9B
$1.9B
Q2 24
$8.8B
$1.7B
Q1 24
$9.0B
$1.7B
Debt / Equity
AMG
AMG
KRO
KRO
Q4 25
0.83×
0.74×
Q3 25
0.71×
0.78×
Q2 25
0.81×
0.70×
Q1 25
0.82×
0.66×
Q4 24
0.78×
0.62×
Q3 24
0.79×
0.65×
Q2 24
0.76×
0.55×
Q1 24
0.70×
0.55×

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
KRO
KRO
Operating Cash FlowLast quarter
$256.4M
$92.1M
Free Cash FlowOCF − Capex
$254.5M
$81.9M
FCF MarginFCF / Revenue
45.7%
19.6%
Capex IntensityCapex / Revenue
0.3%
2.4%
Cash ConversionOCF / Net Profit
0.74×
TTM Free Cash FlowTrailing 4 quarters
$967.1M
$-40.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
KRO
KRO
Q4 25
$256.4M
$92.1M
Q3 25
$277.1M
$-7.9M
Q2 25
$230.8M
$20.7M
Q1 25
$208.9M
$-102.4M
Q4 24
$212.5M
$49.3M
Q3 24
$265.2M
$28.3M
Q2 24
$245.2M
$38.2M
Q1 24
$209.2M
$-43.3M
Free Cash Flow
AMG
AMG
KRO
KRO
Q4 25
$254.5M
$81.9M
Q3 25
$275.9M
$-17.4M
Q2 25
$229.4M
$9.5M
Q1 25
$207.3M
$-114.4M
Q4 24
$211.4M
$37.0M
Q3 24
$264.5M
$19.2M
Q2 24
$244.6M
$34.8M
Q1 24
$208.2M
$-48.0M
FCF Margin
AMG
AMG
KRO
KRO
Q4 25
45.7%
19.6%
Q3 25
52.3%
-3.8%
Q2 25
46.5%
1.9%
Q1 25
41.7%
-23.4%
Q4 24
40.3%
8.7%
Q3 24
51.2%
4.0%
Q2 24
48.9%
7.0%
Q1 24
41.6%
-10.0%
Capex Intensity
AMG
AMG
KRO
KRO
Q4 25
0.3%
2.4%
Q3 25
0.2%
2.1%
Q2 25
0.3%
2.3%
Q1 25
0.3%
2.4%
Q4 24
0.2%
2.9%
Q3 24
0.1%
1.9%
Q2 24
0.1%
0.7%
Q1 24
0.2%
1.0%
Cash Conversion
AMG
AMG
KRO
KRO
Q4 25
0.74×
Q3 25
1.30×
Q2 25
2.74×
Q1 25
2.89×
-5.66×
Q4 24
1.31×
Q3 24
2.15×
0.39×
Q2 24
3.23×
1.96×
Q1 24
1.40×
-5.35×

Financial Flow Comparison

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

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