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Side-by-side financial comparison of AFFILIATED MANAGERS GROUP, INC. (AMG) and MANHATTAN ASSOCIATES INC (MANH). 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 $282.2M, roughly 2.0× MANHATTAN ASSOCIATES INC). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs 17.5%, a 45.0% gap on every dollar of revenue. On growth, AFFILIATED MANAGERS GROUP, INC. posted the faster year-over-year revenue change (6.2% vs 6.0%). Over the past eight quarters, AFFILIATED MANAGERS GROUP, INC.'s revenue compounded faster (5.5% CAGR vs 3.1%).

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.

Computer Associates International, Inc., later CA, Inc., and CA Technologies, Inc., was an American multinational enterprise software developer and publisher that existed from 1976 to 2018. CA grew to rank as one of the largest independent software corporations in the world, and at one point was the second largest. The company created systems software that ran in IBM mainframe, distributed computing, virtual machine, and cloud computing environments.

AMG vs MANH — Head-to-Head

Bigger by revenue
AMG
AMG
2.0× larger
AMG
$556.6M
$282.2M
MANH
Growing faster (revenue YoY)
AMG
AMG
+0.2% gap
AMG
6.2%
6.0%
MANH
Higher net margin
AMG
AMG
45.0% more per $
AMG
62.4%
17.5%
MANH
Faster 2-yr revenue CAGR
AMG
AMG
Annualised
AMG
5.5%
3.1%
MANH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AMG
AMG
MANH
MANH
Revenue
$556.6M
$282.2M
Net Profit
$347.5M
$49.3M
Gross Margin
Operating Margin
94.4%
23.0%
Net Margin
62.4%
17.5%
Revenue YoY
6.2%
6.0%
Net Profit YoY
114.2%
-6.3%
EPS (diluted)
$10.87
$0.82

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
MANH
MANH
Q1 26
$282.2M
Q4 25
$556.6M
$270.4M
Q3 25
$528.0M
$275.8M
Q2 25
$493.2M
$272.4M
Q1 25
$496.6M
$262.8M
Q4 24
$524.3M
$255.8M
Q3 24
$516.4M
$266.7M
Q2 24
$500.3M
$265.3M
Net Profit
AMG
AMG
MANH
MANH
Q1 26
$49.3M
Q4 25
$347.5M
$52.0M
Q3 25
$212.4M
$58.6M
Q2 25
$84.3M
$56.8M
Q1 25
$72.4M
$52.6M
Q4 24
$162.2M
$48.0M
Q3 24
$123.6M
$63.8M
Q2 24
$76.0M
$52.8M
Gross Margin
AMG
AMG
MANH
MANH
Q1 26
Q4 25
55.0%
Q3 25
56.6%
Q2 25
57.3%
Q1 25
56.4%
Q4 24
55.8%
Q3 24
55.5%
Q2 24
54.8%
Operating Margin
AMG
AMG
MANH
MANH
Q1 26
23.0%
Q4 25
94.4%
24.8%
Q3 25
68.7%
27.5%
Q2 25
34.8%
27.1%
Q1 25
25.5%
24.0%
Q4 24
52.2%
23.7%
Q3 24
42.0%
28.2%
Q2 24
35.6%
25.7%
Net Margin
AMG
AMG
MANH
MANH
Q1 26
17.5%
Q4 25
62.4%
19.2%
Q3 25
40.2%
21.3%
Q2 25
17.1%
20.8%
Q1 25
14.6%
20.0%
Q4 24
30.9%
18.8%
Q3 24
23.9%
23.9%
Q2 24
15.2%
19.9%
EPS (diluted)
AMG
AMG
MANH
MANH
Q1 26
$0.82
Q4 25
$10.87
$0.86
Q3 25
$6.87
$0.96
Q2 25
$2.80
$0.93
Q1 25
$2.20
$0.85
Q4 24
$4.95
$0.77
Q3 24
$3.78
$1.03
Q2 24
$2.26
$0.85

Balance Sheet & Financial Strength

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

Metric
AMG
AMG
MANH
MANH
Cash + ST InvestmentsLiquidity on hand
$586.0M
$226.1M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$3.2B
$205.2M
Total Assets
$9.2B
$740.5M
Debt / EquityLower = less leverage
0.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
MANH
MANH
Q1 26
$226.1M
Q4 25
$586.0M
$328.7M
Q3 25
$476.1M
$263.6M
Q2 25
$361.0M
$230.6M
Q1 25
$816.5M
$205.9M
Q4 24
$950.0M
$266.2M
Q3 24
$1.0B
$215.0M
Q2 24
$865.5M
$202.7M
Total Debt
AMG
AMG
MANH
MANH
Q1 26
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
Stockholders' Equity
AMG
AMG
MANH
MANH
Q1 26
$205.2M
Q4 25
$3.2B
$314.8M
Q3 25
$3.3B
$309.2M
Q2 25
$3.2B
$278.8M
Q1 25
$3.2B
$245.1M
Q4 24
$3.3B
$299.1M
Q3 24
$3.3B
$278.0M
Q2 24
$3.3B
$240.6M
Total Assets
AMG
AMG
MANH
MANH
Q1 26
$740.5M
Q4 25
$9.2B
$839.4M
Q3 25
$8.9B
$768.8M
Q2 25
$8.8B
$744.7M
Q1 25
$8.7B
$708.2M
Q4 24
$8.8B
$757.6M
Q3 24
$8.9B
$698.1M
Q2 24
$8.8B
$665.3M
Debt / Equity
AMG
AMG
MANH
MANH
Q1 26
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×

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
MANH
MANH
Operating Cash FlowLast quarter
$256.4M
$84.0M
Free Cash FlowOCF − Capex
$254.5M
FCF MarginFCF / Revenue
45.7%
Capex IntensityCapex / Revenue
0.3%
0.3%
Cash ConversionOCF / Net Profit
0.74×
1.70×
TTM Free Cash FlowTrailing 4 quarters
$967.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
MANH
MANH
Q1 26
$84.0M
Q4 25
$256.4M
$147.1M
Q3 25
$277.1M
$93.1M
Q2 25
$230.8M
$74.0M
Q1 25
$208.9M
$75.3M
Q4 24
$212.5M
$104.7M
Q3 24
$265.2M
$62.3M
Q2 24
$245.2M
$73.3M
Free Cash Flow
AMG
AMG
MANH
MANH
Q1 26
Q4 25
$254.5M
$142.4M
Q3 25
$275.9M
$87.2M
Q2 25
$229.4M
$70.1M
Q1 25
$207.3M
$74.4M
Q4 24
$211.4M
$101.6M
Q3 24
$264.5M
$61.3M
Q2 24
$244.6M
$71.0M
FCF Margin
AMG
AMG
MANH
MANH
Q1 26
Q4 25
45.7%
52.7%
Q3 25
52.3%
31.6%
Q2 25
46.5%
25.7%
Q1 25
41.7%
28.3%
Q4 24
40.3%
39.7%
Q3 24
51.2%
23.0%
Q2 24
48.9%
26.8%
Capex Intensity
AMG
AMG
MANH
MANH
Q1 26
0.3%
Q4 25
0.3%
1.7%
Q3 25
0.2%
2.1%
Q2 25
0.3%
1.5%
Q1 25
0.3%
0.3%
Q4 24
0.2%
1.2%
Q3 24
0.1%
0.4%
Q2 24
0.1%
0.8%
Cash Conversion
AMG
AMG
MANH
MANH
Q1 26
1.70×
Q4 25
0.74×
2.83×
Q3 25
1.30×
1.59×
Q2 25
2.74×
1.30×
Q1 25
2.89×
1.43×
Q4 24
1.31×
2.18×
Q3 24
2.15×
0.98×
Q2 24
3.23×
1.39×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMG
AMG

Segment breakdown not available.

MANH
MANH

Services$125.7M45%
Cloud subscriptions$117.1M42%
Maintenance$30.6M11%
Hardware$6.5M2%
Software license$2.2M1%

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