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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and U.S. Bancorp (USB), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

U.S. Bancorp is the larger business by last-quarter revenue ($7.4B vs $172.2M, roughly 42.8× Acadian Asset Management Inc.). U.S. Bancorp runs the higher net margin — 20.2% vs 27.8%, a 7.6% gap on every dollar of revenue. On growth, U.S. Bancorp posted the faster year-over-year revenue change (5.1% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 4.7%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

AAMI vs USB — Head-to-Head

Bigger by revenue
USB
USB
42.8× larger
USB
$7.4B
$172.2M
AAMI
Growing faster (revenue YoY)
USB
USB
+2.5% gap
USB
5.1%
2.6%
AAMI
Higher net margin
USB
USB
7.6% more per $
USB
27.8%
20.2%
AAMI
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
4.7%
USB

Income Statement — Q4 2025 vs Q4 2025

Metric
AAMI
AAMI
USB
USB
Revenue
$172.2M
$7.4B
Net Profit
$34.7M
$2.0B
Gross Margin
Operating Margin
33.3%
34.4%
Net Margin
20.2%
27.8%
Revenue YoY
2.6%
5.1%
Net Profit YoY
-18.4%
23.0%
EPS (diluted)
$0.97
$1.26

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
AAMI
AAMI
USB
USB
Q4 25
$172.2M
$7.4B
Q3 25
$144.2M
$7.3B
Q2 25
$127.4M
$7.0B
Q1 25
$119.9M
$7.0B
Q4 24
$167.8M
$7.0B
Q3 24
$123.1M
$6.9B
Q2 24
$109.0M
$6.9B
Q1 24
$105.7M
$6.7B
Net Profit
AAMI
AAMI
USB
USB
Q4 25
$34.7M
$2.0B
Q3 25
$15.1M
$2.0B
Q2 25
$10.1M
$1.8B
Q1 25
$20.1M
$1.7B
Q4 24
$42.5M
$1.7B
Q3 24
$16.9M
$1.7B
Q2 24
$11.0M
$1.6B
Q1 24
$14.6M
$1.3B
Operating Margin
AAMI
AAMI
USB
USB
Q4 25
33.3%
34.4%
Q3 25
18.4%
34.5%
Q2 25
12.7%
32.7%
Q1 25
26.6%
31.0%
Q4 24
38.7%
30.1%
Q3 24
21.9%
30.2%
Q2 24
18.9%
29.9%
Q1 24
21.7%
24.9%
Net Margin
AAMI
AAMI
USB
USB
Q4 25
20.2%
27.8%
Q3 25
10.5%
27.3%
Q2 25
7.9%
25.9%
Q1 25
16.8%
24.6%
Q4 24
25.3%
23.7%
Q3 24
13.7%
25.0%
Q2 24
10.1%
23.3%
Q1 24
13.8%
19.6%
EPS (diluted)
AAMI
AAMI
USB
USB
Q4 25
$0.97
$1.26
Q3 25
$0.42
$1.22
Q2 25
$0.28
$1.11
Q1 25
$0.54
$1.03
Q4 24
$1.11
$1.01
Q3 24
$0.45
$1.03
Q2 24
$0.29
$0.97
Q1 24
$0.37
$0.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
AAMI
AAMI
USB
USB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
$65.2B
Total Assets
$677.0M
$692.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Total Debt
AAMI
AAMI
USB
USB
Q4 25
$200.0M
Q3 25
Q2 25
Q1 25
Q4 24
$275.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AAMI
AAMI
USB
USB
Q4 25
$65.2B
Q3 25
$63.3B
Q2 25
$61.4B
Q1 25
$60.1B
Q4 24
$58.6B
Q3 24
$58.9B
Q2 24
$56.4B
Q1 24
$55.6B
Total Assets
AAMI
AAMI
USB
USB
Q4 25
$677.0M
$692.3B
Q3 25
$751.4M
$695.4B
Q2 25
$672.3M
$686.4B
Q1 25
$677.3M
$676.5B
Q4 24
$703.2M
$678.3B
Q3 24
$555.2M
$686.5B
Q2 24
$533.1M
$680.1B
Q1 24
$544.9M
$683.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
AAMI
AAMI
USB
USB
Operating Cash FlowLast quarter
$8.7M
$2.8B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue; lower = less reinvestment burden
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
0.25×
1.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
AAMI
AAMI
USB
USB
Q4 25
$8.7M
$2.8B
Q3 25
$-23.9M
$3.4B
Q2 25
$61.6M
$2.0B
Q1 25
$-48.8M
$-285.0M
Q4 24
$-19.1M
$4.8B
Q3 24
$69.6M
$972.0M
Q2 24
$45.7M
$2.9B
Q1 24
$-40.4M
$2.7B
Cash Conversion
AAMI
AAMI
USB
USB
Q4 25
0.25×
1.39×
Q3 25
-1.58×
1.69×
Q2 25
6.10×
1.12×
Q1 25
-2.43×
-0.17×
Q4 24
-0.45×
2.87×
Q3 24
4.12×
0.57×
Q2 24
4.15×
1.79×
Q1 24
-2.77×
2.02×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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