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

TreeHouse Foods, Inc. is the larger business by last-quarter revenue ($840.3M vs $556.6M, roughly 1.5× AFFILIATED MANAGERS GROUP, INC.). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs -31.6%, a 94.1% gap on every dollar of revenue. On growth, AFFILIATED MANAGERS GROUP, INC. posted the faster year-over-year revenue change (6.2% vs 0.1%). Over the past eight quarters, AFFILIATED MANAGERS GROUP, INC.'s revenue compounded faster (5.5% CAGR vs -3.9%).

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.

TreeHouse Foods Inc. is a multinational food processing company specializing in producing private label packaged foods headquartered in Oak Brook, Illinois. Created in 2005 and consisting entirely of acquisitions, in 2010 the company had sales of $2 billion and employed over 4,000 people at 20 facilities. Food Processing magazine named TreeHouse Foods their 2010 Processor of the Year, calling them "the biggest company you never heard of". In 2015, the company was the 37th-largest food and bev...

AMG vs THS — Head-to-Head

Bigger by revenue
THS
THS
1.5× larger
THS
$840.3M
$556.6M
AMG
Growing faster (revenue YoY)
AMG
AMG
+6.0% gap
AMG
6.2%
0.1%
THS
Higher net margin
AMG
AMG
94.1% more per $
AMG
62.4%
-31.6%
THS
Faster 2-yr revenue CAGR
AMG
AMG
Annualised
AMG
5.5%
-3.9%
THS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AMG
AMG
THS
THS
Revenue
$556.6M
$840.3M
Net Profit
$347.5M
$-265.8M
Gross Margin
18.8%
Operating Margin
94.4%
-30.2%
Net Margin
62.4%
-31.6%
Revenue YoY
6.2%
0.1%
Net Profit YoY
114.2%
-7717.6%
EPS (diluted)
$10.87
$-5.26

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
THS
THS
Q4 25
$556.6M
Q3 25
$528.0M
$840.3M
Q2 25
$493.2M
$798.0M
Q1 25
$496.6M
$792.0M
Q4 24
$524.3M
$905.7M
Q3 24
$516.4M
$839.1M
Q2 24
$500.3M
$788.5M
Q1 24
$499.9M
$820.7M
Net Profit
AMG
AMG
THS
THS
Q4 25
$347.5M
Q3 25
$212.4M
$-265.8M
Q2 25
$84.3M
$-2.9M
Q1 25
$72.4M
$-31.8M
Q4 24
$162.2M
$58.7M
Q3 24
$123.6M
$-3.4M
Q2 24
$76.0M
$-16.7M
Q1 24
$149.8M
$-11.7M
Gross Margin
AMG
AMG
THS
THS
Q4 25
Q3 25
18.8%
Q2 25
17.4%
Q1 25
14.5%
Q4 24
19.5%
Q3 24
15.6%
Q2 24
16.3%
Q1 24
13.6%
Operating Margin
AMG
AMG
THS
THS
Q4 25
94.4%
Q3 25
68.7%
-30.2%
Q2 25
34.8%
3.4%
Q1 25
25.5%
-0.7%
Q4 24
52.2%
8.9%
Q3 24
42.0%
3.8%
Q2 24
35.6%
-0.5%
Q1 24
50.8%
-0.6%
Net Margin
AMG
AMG
THS
THS
Q4 25
62.4%
Q3 25
40.2%
-31.6%
Q2 25
17.1%
-0.4%
Q1 25
14.6%
-4.0%
Q4 24
30.9%
6.5%
Q3 24
23.9%
-0.4%
Q2 24
15.2%
-2.1%
Q1 24
30.0%
-1.4%
EPS (diluted)
AMG
AMG
THS
THS
Q4 25
$10.87
Q3 25
$6.87
$-5.26
Q2 25
$2.80
$-0.06
Q1 25
$2.20
$-0.63
Q4 24
$4.95
$1.12
Q3 24
$3.78
$-0.07
Q2 24
$2.26
$-0.32
Q1 24
$4.14
$-0.22

Balance Sheet & Financial Strength

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

Metric
AMG
AMG
THS
THS
Cash + ST InvestmentsLiquidity on hand
$586.0M
$21.0M
Total DebtLower is stronger
$2.7B
$1.5B
Stockholders' EquityBook value
$3.2B
$1.3B
Total Assets
$9.2B
$3.8B
Debt / EquityLower = less leverage
0.83×
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
THS
THS
Q4 25
$586.0M
Q3 25
$476.1M
$21.0M
Q2 25
$361.0M
$17.1M
Q1 25
$816.5M
$16.4M
Q4 24
$950.0M
$289.6M
Q3 24
$1.0B
$102.0M
Q2 24
$865.5M
$105.8M
Q1 24
$793.4M
$191.8M
Total Debt
AMG
AMG
THS
THS
Q4 25
$2.7B
Q3 25
$2.4B
$1.5B
Q2 25
$2.6B
$1.5B
Q1 25
$2.6B
$1.4B
Q4 24
$2.6B
$1.4B
Q3 24
$2.6B
$1.4B
Q2 24
$2.5B
$1.4B
Q1 24
$2.5B
$1.4B
Stockholders' Equity
AMG
AMG
THS
THS
Q4 25
$3.2B
Q3 25
$3.3B
$1.3B
Q2 25
$3.2B
$1.5B
Q1 25
$3.2B
$1.5B
Q4 24
$3.3B
$1.5B
Q3 24
$3.3B
$1.6B
Q2 24
$3.3B
$1.6B
Q1 24
$3.6B
$1.6B
Total Assets
AMG
AMG
THS
THS
Q4 25
$9.2B
Q3 25
$8.9B
$3.8B
Q2 25
$8.8B
$4.0B
Q1 25
$8.7B
$3.9B
Q4 24
$8.8B
$4.0B
Q3 24
$8.9B
$4.0B
Q2 24
$8.8B
$3.9B
Q1 24
$9.0B
$4.0B
Debt / Equity
AMG
AMG
THS
THS
Q4 25
0.83×
Q3 25
0.71×
1.18×
Q2 25
0.81×
0.98×
Q1 25
0.82×
0.93×
Q4 24
0.78×
0.90×
Q3 24
0.79×
0.90×
Q2 24
0.76×
0.90×
Q1 24
0.70×
0.87×

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
THS
THS
Operating Cash FlowLast quarter
$256.4M
$38.2M
Free Cash FlowOCF − Capex
$254.5M
FCF MarginFCF / Revenue
45.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.74×
TTM Free Cash FlowTrailing 4 quarters
$967.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
THS
THS
Q4 25
$256.4M
Q3 25
$277.1M
$38.2M
Q2 25
$230.8M
$-47.2M
Q1 25
$208.9M
$-53.5M
Q4 24
$212.5M
$296.2M
Q3 24
$265.2M
$41.4M
Q2 24
$245.2M
$-19.4M
Q1 24
$209.2M
$-52.4M
Free Cash Flow
AMG
AMG
THS
THS
Q4 25
$254.5M
Q3 25
$275.9M
Q2 25
$229.4M
Q1 25
$207.3M
Q4 24
$211.4M
Q3 24
$264.5M
Q2 24
$244.6M
$-42.2M
Q1 24
$208.2M
$-80.7M
FCF Margin
AMG
AMG
THS
THS
Q4 25
45.7%
Q3 25
52.3%
Q2 25
46.5%
Q1 25
41.7%
Q4 24
40.3%
Q3 24
51.2%
Q2 24
48.9%
-5.4%
Q1 24
41.6%
-9.8%
Capex Intensity
AMG
AMG
THS
THS
Q4 25
0.3%
Q3 25
0.2%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.1%
2.9%
Q1 24
0.2%
3.4%
Cash Conversion
AMG
AMG
THS
THS
Q4 25
0.74×
Q3 25
1.30×
Q2 25
2.74×
Q1 25
2.89×
Q4 24
1.31×
5.05×
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.

THS
THS

Retail Grocery Customers$670.6M80%
Food Away From Home And Other$85.3M10%
Co Manufacturing$84.4M10%

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