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Side-by-side financial comparison of AFFILIATED MANAGERS GROUP, INC. (AMG) and NOVA LTD. (NVMI). 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 $433.3M, roughly 1.3× NOVA LTD.). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs 30.7%, a 31.7% gap on every dollar of revenue. AFFILIATED MANAGERS GROUP, INC. produced more free cash flow last quarter ($254.5M vs $102.6M).

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.

Nova Ltd., formerly known as Nova Measuring Instruments, is a publicly traded company that provides advanced metrology solutions for semiconductor manufacturing. Founded in 1993, the company specializes in dimensional, materials, and chemical metrology technologies. Nova is listed on both the NASDAQ Global Market and on the Tel Aviv Stock Exchange under the ticker symbol NVMI.

AMG vs NVMI — Head-to-Head

Bigger by revenue
AMG
AMG
1.3× larger
AMG
$556.6M
$433.3M
NVMI
Higher net margin
AMG
AMG
31.7% more per $
AMG
62.4%
30.7%
NVMI
More free cash flow
AMG
AMG
$151.9M more FCF
AMG
$254.5M
$102.6M
NVMI

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AMG
AMG
NVMI
NVMI
Revenue
$556.6M
$433.3M
Net Profit
$347.5M
$133.1M
Gross Margin
57.6%
Operating Margin
94.4%
29.7%
Net Margin
62.4%
30.7%
Revenue YoY
6.2%
Net Profit YoY
114.2%
EPS (diluted)
$10.87

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
NVMI
NVMI
Q4 25
$556.6M
Q3 25
$528.0M
Q2 25
$493.2M
$433.3M
Q1 25
$496.6M
Q4 24
$524.3M
Q3 24
$516.4M
Q2 24
$500.3M
Q1 24
$499.9M
Net Profit
AMG
AMG
NVMI
NVMI
Q4 25
$347.5M
Q3 25
$212.4M
Q2 25
$84.3M
$133.1M
Q1 25
$72.4M
Q4 24
$162.2M
Q3 24
$123.6M
Q2 24
$76.0M
Q1 24
$149.8M
Gross Margin
AMG
AMG
NVMI
NVMI
Q4 25
Q3 25
Q2 25
57.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
AMG
AMG
NVMI
NVMI
Q4 25
94.4%
Q3 25
68.7%
Q2 25
34.8%
29.7%
Q1 25
25.5%
Q4 24
52.2%
Q3 24
42.0%
Q2 24
35.6%
Q1 24
50.8%
Net Margin
AMG
AMG
NVMI
NVMI
Q4 25
62.4%
Q3 25
40.2%
Q2 25
17.1%
30.7%
Q1 25
14.6%
Q4 24
30.9%
Q3 24
23.9%
Q2 24
15.2%
Q1 24
30.0%
EPS (diluted)
AMG
AMG
NVMI
NVMI
Q4 25
$10.87
Q3 25
$6.87
Q2 25
$2.80
Q1 25
$2.20
Q4 24
$4.95
Q3 24
$3.78
Q2 24
$2.26
Q1 24
$4.14

Balance Sheet & Financial Strength

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

Metric
AMG
AMG
NVMI
NVMI
Cash + ST InvestmentsLiquidity on hand
$586.0M
$348.4M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$3.2B
$1.1B
Total Assets
$9.2B
$1.5B
Debt / EquityLower = less leverage
0.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
NVMI
NVMI
Q4 25
$586.0M
Q3 25
$476.1M
Q2 25
$361.0M
$348.4M
Q1 25
$816.5M
Q4 24
$950.0M
Q3 24
$1.0B
Q2 24
$865.5M
Q1 24
$793.4M
Total Debt
AMG
AMG
NVMI
NVMI
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
Q1 24
$2.5B
Stockholders' Equity
AMG
AMG
NVMI
NVMI
Q4 25
$3.2B
Q3 25
$3.3B
Q2 25
$3.2B
$1.1B
Q1 25
$3.2B
Q4 24
$3.3B
Q3 24
$3.3B
Q2 24
$3.3B
Q1 24
$3.6B
Total Assets
AMG
AMG
NVMI
NVMI
Q4 25
$9.2B
Q3 25
$8.9B
Q2 25
$8.8B
$1.5B
Q1 25
$8.7B
Q4 24
$8.8B
Q3 24
$8.9B
Q2 24
$8.8B
Q1 24
$9.0B
Debt / Equity
AMG
AMG
NVMI
NVMI
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×
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
NVMI
NVMI
Operating Cash FlowLast quarter
$256.4M
$114.2M
Free Cash FlowOCF − Capex
$254.5M
$102.6M
FCF MarginFCF / Revenue
45.7%
23.7%
Capex IntensityCapex / Revenue
0.3%
2.7%
Cash ConversionOCF / Net Profit
0.74×
0.86×
TTM Free Cash FlowTrailing 4 quarters
$967.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
NVMI
NVMI
Q4 25
$256.4M
Q3 25
$277.1M
Q2 25
$230.8M
$114.2M
Q1 25
$208.9M
Q4 24
$212.5M
Q3 24
$265.2M
Q2 24
$245.2M
Q1 24
$209.2M
Free Cash Flow
AMG
AMG
NVMI
NVMI
Q4 25
$254.5M
Q3 25
$275.9M
Q2 25
$229.4M
$102.6M
Q1 25
$207.3M
Q4 24
$211.4M
Q3 24
$264.5M
Q2 24
$244.6M
Q1 24
$208.2M
FCF Margin
AMG
AMG
NVMI
NVMI
Q4 25
45.7%
Q3 25
52.3%
Q2 25
46.5%
23.7%
Q1 25
41.7%
Q4 24
40.3%
Q3 24
51.2%
Q2 24
48.9%
Q1 24
41.6%
Capex Intensity
AMG
AMG
NVMI
NVMI
Q4 25
0.3%
Q3 25
0.2%
Q2 25
0.3%
2.7%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.2%
Cash Conversion
AMG
AMG
NVMI
NVMI
Q4 25
0.74×
Q3 25
1.30×
Q2 25
2.74×
0.86×
Q1 25
2.89×
Q4 24
1.31×
Q3 24
2.15×
Q2 24
3.23×
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.

NVMI
NVMI

Products$351.8M81%
Services$81.6M19%

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