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Side-by-side financial comparison of AFFILIATED MANAGERS GROUP, INC. (AMG) and Unity Software Inc. (U). 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 $503.1M, roughly 1.1× Unity Software Inc.). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs -17.9%, a 80.3% gap on every dollar of revenue. On growth, Unity Software Inc. posted the faster year-over-year revenue change (10.1% vs 6.2%). AFFILIATED MANAGERS GROUP, INC. produced more free cash flow last quarter ($254.5M vs $118.7M). Over the past eight quarters, AFFILIATED MANAGERS GROUP, INC.'s revenue compounded faster (5.5% CAGR vs 4.5%).

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.

Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications.

AMG vs U — Head-to-Head

Bigger by revenue
AMG
AMG
1.1× larger
AMG
$556.6M
$503.1M
U
Growing faster (revenue YoY)
U
U
+3.9% gap
U
10.1%
6.2%
AMG
Higher net margin
AMG
AMG
80.3% more per $
AMG
62.4%
-17.9%
U
More free cash flow
AMG
AMG
$135.8M more FCF
AMG
$254.5M
$118.7M
U
Faster 2-yr revenue CAGR
AMG
AMG
Annualised
AMG
5.5%
4.5%
U

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMG
AMG
U
U
Revenue
$556.6M
$503.1M
Net Profit
$347.5M
$-90.0M
Gross Margin
74.3%
Operating Margin
94.4%
-21.2%
Net Margin
62.4%
-17.9%
Revenue YoY
6.2%
10.1%
Net Profit YoY
114.2%
26.7%
EPS (diluted)
$10.87
$-0.21

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
U
U
Q4 25
$556.6M
$503.1M
Q3 25
$528.0M
$470.6M
Q2 25
$493.2M
$440.9M
Q1 25
$496.6M
$435.0M
Q4 24
$524.3M
$457.1M
Q3 24
$516.4M
$446.5M
Q2 24
$500.3M
$449.3M
Q1 24
$499.9M
$460.4M
Net Profit
AMG
AMG
U
U
Q4 25
$347.5M
$-90.0M
Q3 25
$212.4M
$-126.4M
Q2 25
$84.3M
$-108.8M
Q1 25
$72.4M
$-77.6M
Q4 24
$162.2M
$-122.7M
Q3 24
$123.6M
$-124.7M
Q2 24
$76.0M
$-125.6M
Q1 24
$149.8M
$-291.1M
Gross Margin
AMG
AMG
U
U
Q4 25
74.3%
Q3 25
74.4%
Q2 25
74.1%
Q1 25
73.8%
Q4 24
74.7%
Q3 24
74.9%
Q2 24
75.8%
Q1 24
68.6%
Operating Margin
AMG
AMG
U
U
Q4 25
94.4%
-21.2%
Q3 25
68.7%
-26.7%
Q2 25
34.8%
-26.9%
Q1 25
25.5%
-29.4%
Q4 24
52.2%
-27.1%
Q3 24
42.0%
-28.5%
Q2 24
35.6%
-28.8%
Q1 24
50.8%
-81.4%
Net Margin
AMG
AMG
U
U
Q4 25
62.4%
-17.9%
Q3 25
40.2%
-26.9%
Q2 25
17.1%
-24.7%
Q1 25
14.6%
-17.8%
Q4 24
30.9%
-26.8%
Q3 24
23.9%
-27.9%
Q2 24
15.2%
-28.0%
Q1 24
30.0%
-63.2%
EPS (diluted)
AMG
AMG
U
U
Q4 25
$10.87
$-0.21
Q3 25
$6.87
$-0.30
Q2 25
$2.80
$-0.26
Q1 25
$2.20
$-0.19
Q4 24
$4.95
$-0.30
Q3 24
$3.78
$-0.31
Q2 24
$2.26
$-0.32
Q1 24
$4.14
$-0.75

Balance Sheet & Financial Strength

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

Metric
AMG
AMG
U
U
Cash + ST InvestmentsLiquidity on hand
$586.0M
$2.1B
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$3.2B
$3.2B
Total Assets
$9.2B
$6.8B
Debt / EquityLower = less leverage
0.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMG
AMG
U
U
Q4 25
$586.0M
$2.1B
Q3 25
$476.1M
$1.9B
Q2 25
$361.0M
$1.7B
Q1 25
$816.5M
$1.5B
Q4 24
$950.0M
$1.5B
Q3 24
$1.0B
$1.4B
Q2 24
$865.5M
$1.3B
Q1 24
$793.4M
$1.2B
Total Debt
AMG
AMG
U
U
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
U
U
Q4 25
$3.2B
$3.2B
Q3 25
$3.3B
$3.2B
Q2 25
$3.2B
$3.2B
Q1 25
$3.2B
$3.2B
Q4 24
$3.3B
$3.2B
Q3 24
$3.3B
$3.2B
Q2 24
$3.3B
$3.2B
Q1 24
$3.6B
$3.2B
Total Assets
AMG
AMG
U
U
Q4 25
$9.2B
$6.8B
Q3 25
$8.9B
$6.8B
Q2 25
$8.8B
$6.7B
Q1 25
$8.7B
$6.6B
Q4 24
$8.8B
$6.7B
Q3 24
$8.9B
$6.7B
Q2 24
$8.8B
$6.7B
Q1 24
$9.0B
$6.8B
Debt / Equity
AMG
AMG
U
U
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
U
U
Operating Cash FlowLast quarter
$256.4M
$121.4M
Free Cash FlowOCF − Capex
$254.5M
$118.7M
FCF MarginFCF / Revenue
45.7%
23.6%
Capex IntensityCapex / Revenue
0.3%
0.5%
Cash ConversionOCF / Net Profit
0.74×
TTM Free Cash FlowTrailing 4 quarters
$967.1M
$403.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMG
AMG
U
U
Q4 25
$256.4M
$121.4M
Q3 25
$277.1M
$155.4M
Q2 25
$230.8M
$133.1M
Q1 25
$208.9M
$13.0M
Q4 24
$212.5M
$112.2M
Q3 24
$265.2M
$122.4M
Q2 24
$245.2M
$88.4M
Q1 24
$209.2M
$-7.4M
Free Cash Flow
AMG
AMG
U
U
Q4 25
$254.5M
$118.7M
Q3 25
$275.9M
$151.3M
Q2 25
$229.4M
$126.7M
Q1 25
$207.3M
$7.3M
Q4 24
$211.4M
$105.8M
Q3 24
$264.5M
$115.2M
Q2 24
$244.6M
$79.6M
Q1 24
$208.2M
$-14.6M
FCF Margin
AMG
AMG
U
U
Q4 25
45.7%
23.6%
Q3 25
52.3%
32.1%
Q2 25
46.5%
28.7%
Q1 25
41.7%
1.7%
Q4 24
40.3%
23.1%
Q3 24
51.2%
25.8%
Q2 24
48.9%
17.7%
Q1 24
41.6%
-3.2%
Capex Intensity
AMG
AMG
U
U
Q4 25
0.3%
0.5%
Q3 25
0.2%
0.9%
Q2 25
0.3%
1.5%
Q1 25
0.3%
1.3%
Q4 24
0.2%
1.4%
Q3 24
0.1%
1.6%
Q2 24
0.1%
2.0%
Q1 24
0.2%
1.6%
Cash Conversion
AMG
AMG
U
U
Q4 25
0.74×
Q3 25
1.30×
Q2 25
2.74×
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.

U
U

Grow Solutions$338.2M67%
Create Solutions$164.9M33%

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