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Side-by-side financial comparison of AFFILIATED MANAGERS GROUP, INC. (AMG) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.

Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $556.6M, roughly 1.5× AFFILIATED MANAGERS GROUP, INC.). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs 2.1%, a 60.3% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 6.2%). AFFILIATED MANAGERS GROUP, INC. produced more free cash flow last quarter ($254.5M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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.

Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.

AMG vs ROAD — Head-to-Head

Bigger by revenue
ROAD
ROAD
1.5× larger
ROAD
$809.5M
$556.6M
AMG
Growing faster (revenue YoY)
ROAD
ROAD
+38.0% gap
ROAD
44.1%
6.2%
AMG
Higher net margin
AMG
AMG
60.3% more per $
AMG
62.4%
2.1%
ROAD
More free cash flow
AMG
AMG
$207.4M more FCF
AMG
$254.5M
$47.1M
ROAD
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
47.6%
5.5%
AMG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AMG
AMG
ROAD
ROAD
Revenue
$556.6M
$809.5M
Net Profit
$347.5M
$17.2M
Gross Margin
15.0%
Operating Margin
94.4%
6.2%
Net Margin
62.4%
2.1%
Revenue YoY
6.2%
44.1%
Net Profit YoY
114.2%
663.9%
EPS (diluted)
$10.87
$0.31

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
ROAD
ROAD
Q4 25
$556.6M
$809.5M
Q3 25
$528.0M
$899.8M
Q2 25
$493.2M
$779.3M
Q1 25
$496.6M
$571.6M
Q4 24
$524.3M
$561.6M
Q3 24
$516.4M
$538.2M
Q2 24
$500.3M
$517.8M
Q1 24
$499.9M
$371.4M
Net Profit
AMG
AMG
ROAD
ROAD
Q4 25
$347.5M
$17.2M
Q3 25
$212.4M
$56.6M
Q2 25
$84.3M
$44.0M
Q1 25
$72.4M
$4.2M
Q4 24
$162.2M
$-3.1M
Q3 24
$123.6M
$29.3M
Q2 24
$76.0M
$30.9M
Q1 24
$149.8M
$-1.1M
Gross Margin
AMG
AMG
ROAD
ROAD
Q4 25
15.0%
Q3 25
17.7%
Q2 25
16.9%
Q1 25
12.5%
Q4 24
13.6%
Q3 24
15.6%
Q2 24
16.1%
Q1 24
10.4%
Operating Margin
AMG
AMG
ROAD
ROAD
Q4 25
94.4%
6.2%
Q3 25
68.7%
11.2%
Q2 25
34.8%
10.6%
Q1 25
25.5%
4.8%
Q4 24
52.2%
2.5%
Q3 24
42.0%
8.5%
Q2 24
35.6%
8.8%
Q1 24
50.8%
0.8%
Net Margin
AMG
AMG
ROAD
ROAD
Q4 25
62.4%
2.1%
Q3 25
40.2%
6.3%
Q2 25
17.1%
5.7%
Q1 25
14.6%
0.7%
Q4 24
30.9%
-0.5%
Q3 24
23.9%
5.4%
Q2 24
15.2%
6.0%
Q1 24
30.0%
-0.3%
EPS (diluted)
AMG
AMG
ROAD
ROAD
Q4 25
$10.87
$0.31
Q3 25
$6.87
$1.03
Q2 25
$2.80
$0.79
Q1 25
$2.20
$0.08
Q4 24
$4.95
$-0.06
Q3 24
$3.78
$0.55
Q2 24
$2.26
$0.59
Q1 24
$4.14
$-0.02

Balance Sheet & Financial Strength

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

Metric
AMG
AMG
ROAD
ROAD
Cash + ST InvestmentsLiquidity on hand
$586.0M
$104.1M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$3.2B
$969.1M
Total Assets
$9.2B
$3.4B
Debt / EquityLower = less leverage
0.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
ROAD
ROAD
Q4 25
$586.0M
$104.1M
Q3 25
$476.1M
$156.1M
Q2 25
$361.0M
$114.3M
Q1 25
$816.5M
$101.9M
Q4 24
$950.0M
$132.5M
Q3 24
$1.0B
$74.7M
Q2 24
$865.5M
$56.3M
Q1 24
$793.4M
$48.0M
Total Debt
AMG
AMG
ROAD
ROAD
Q4 25
$2.7B
Q3 25
$2.4B
$1.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.6B
$515.0M
Q2 24
$2.5B
Q1 24
$2.5B
Stockholders' Equity
AMG
AMG
ROAD
ROAD
Q4 25
$3.2B
$969.1M
Q3 25
$3.3B
$912.0M
Q2 25
$3.2B
$853.3M
Q1 25
$3.2B
$807.9M
Q4 24
$3.3B
$811.1M
Q3 24
$3.3B
$573.7M
Q2 24
$3.3B
$552.9M
Q1 24
$3.6B
$525.0M
Total Assets
AMG
AMG
ROAD
ROAD
Q4 25
$9.2B
$3.4B
Q3 25
$8.9B
$3.2B
Q2 25
$8.8B
$2.9B
Q1 25
$8.7B
$2.8B
Q4 24
$8.8B
$2.6B
Q3 24
$8.9B
$1.5B
Q2 24
$8.8B
$1.4B
Q1 24
$9.0B
$1.3B
Debt / Equity
AMG
AMG
ROAD
ROAD
Q4 25
0.83×
Q3 25
0.71×
1.78×
Q2 25
0.81×
Q1 25
0.82×
Q4 24
0.78×
Q3 24
0.79×
0.90×
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
ROAD
ROAD
Operating Cash FlowLast quarter
$256.4M
$82.6M
Free Cash FlowOCF − Capex
$254.5M
$47.1M
FCF MarginFCF / Revenue
45.7%
5.8%
Capex IntensityCapex / Revenue
0.3%
4.4%
Cash ConversionOCF / Net Profit
0.74×
4.80×
TTM Free Cash FlowTrailing 4 quarters
$967.1M
$186.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
ROAD
ROAD
Q4 25
$256.4M
$82.6M
Q3 25
$277.1M
$112.0M
Q2 25
$230.8M
$83.0M
Q1 25
$208.9M
$55.6M
Q4 24
$212.5M
$40.7M
Q3 24
$265.2M
$95.9M
Q2 24
$245.2M
$34.6M
Q1 24
$209.2M
$18.2M
Free Cash Flow
AMG
AMG
ROAD
ROAD
Q4 25
$254.5M
$47.1M
Q3 25
$275.9M
$78.9M
Q2 25
$229.4M
$46.4M
Q1 25
$207.3M
$14.2M
Q4 24
$211.4M
$13.8M
Q3 24
$264.5M
$78.4M
Q2 24
$244.6M
$19.7M
Q1 24
$208.2M
$-10.6M
FCF Margin
AMG
AMG
ROAD
ROAD
Q4 25
45.7%
5.8%
Q3 25
52.3%
8.8%
Q2 25
46.5%
5.9%
Q1 25
41.7%
2.5%
Q4 24
40.3%
2.5%
Q3 24
51.2%
14.6%
Q2 24
48.9%
3.8%
Q1 24
41.6%
-2.8%
Capex Intensity
AMG
AMG
ROAD
ROAD
Q4 25
0.3%
4.4%
Q3 25
0.2%
3.7%
Q2 25
0.3%
4.7%
Q1 25
0.3%
7.2%
Q4 24
0.2%
4.8%
Q3 24
0.1%
3.3%
Q2 24
0.1%
2.9%
Q1 24
0.2%
7.7%
Cash Conversion
AMG
AMG
ROAD
ROAD
Q4 25
0.74×
4.80×
Q3 25
1.30×
1.98×
Q2 25
2.74×
1.88×
Q1 25
2.89×
13.20×
Q4 24
1.31×
Q3 24
2.15×
3.27×
Q2 24
3.23×
1.12×
Q1 24
1.40×

Financial Flow Comparison

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

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