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AFFILIATED MANAGERS GROUP, INC.（AMG）与阿波罗全球管理（APO）财务数据对比。点击上方公司名可切换其他公司
阿波罗全球管理的季度营收约是AFFILIATED MANAGERS GROUP, INC.的17.7倍（$9.9B vs $556.6M）。AFFILIATED MANAGERS GROUP, INC.净利率更高（62.4% vs 6.9%，领先55.5%）。阿波罗全球管理同比增速更快（86.7% vs 6.2%）。过去两年阿波罗全球管理的营收复合增速更高（18.4% vs 5.5%）
Affiliated Managers Group（简称AMG）是一家成立于1993年的美国金融服务企业，总部位于佛罗里达州西棕榈滩。公司股票在纽约证券交易所挂牌交易，代码为AMG，同时是标普400美国中型企业指数的成份股。
阿波罗全球管理是美国头部另类资产管理机构，截至2025年总资产管理规模达8400亿美元，业务涵盖3920亿美元的信贷类资产（含夹层资本、对冲基金、不良贷款、担保贷款凭证等）、990亿美元私募股权，以及462亿美元的地产、基建等实体资产，为全球客户提供专业资产管理服务。
AMG vs APO — 直观对比
营收规模更大
APO
是对方的17.7倍
$556.6M
营收增速更快
APO
高出80.6%
6.2%
净利率更高
AMG
高出55.5%
6.9%
两年增速更快
APO
近两年复合增速
5.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $556.6M | $9.9B |
| 净利润 | $347.5M | $684.0M |
| 毛利率 | — | — |
| 营业利润率 | 94.4% | 17.8% |
| 净利率 | 62.4% | 6.9% |
| 营收同比 | 6.2% | 86.7% |
| 净利润同比 | 114.2% | -54.0% |
| 每股收益（稀释后） | $10.87 | $1.09 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMGAPO
| Q4 25 | $556.6M | $9.9B | ||
| Q3 25 | $528.0M | $9.8B | ||
| Q2 25 | $493.2M | $6.8B | ||
| Q1 25 | $496.6M | $5.5B | ||
| Q4 24 | $524.3M | $5.3B | ||
| Q3 24 | $516.4M | $7.8B | ||
| Q2 24 | $500.3M | $6.0B | ||
| Q1 24 | $499.9M | $7.0B |
净利润AMGAPO
| Q4 25 | $347.5M | $684.0M | ||
| Q3 25 | $212.4M | $1.7B | ||
| Q2 25 | $84.3M | $630.0M | ||
| Q1 25 | $72.4M | $442.0M | ||
| Q4 24 | $162.2M | $1.5B | ||
| Q3 24 | $123.6M | $811.0M | ||
| Q2 24 | $76.0M | $853.0M | ||
| Q1 24 | $149.8M | $1.4B |
营业利润率AMGAPO
| Q4 25 | 94.4% | 17.8% | ||
| Q3 25 | 68.7% | 29.5% | ||
| Q2 25 | 34.8% | 12.4% | ||
| Q1 25 | 25.5% | 21.3% | ||
| Q4 24 | 52.2% | 32.6% | ||
| Q3 24 | 42.0% | 26.8% | ||
| Q2 24 | 35.6% | 23.9% | ||
| Q1 24 | 50.8% | 31.1% |
净利率AMGAPO
| Q4 25 | 62.4% | 6.9% | ||
| Q3 25 | 40.2% | 17.7% | ||
| Q2 25 | 17.1% | 9.2% | ||
| Q1 25 | 14.6% | 8.0% | ||
| Q4 24 | 30.9% | 28.1% | ||
| Q3 24 | 23.9% | 10.4% | ||
| Q2 24 | 15.2% | 14.2% | ||
| Q1 24 | 30.0% | 20.3% |
每股收益（稀释后）AMGAPO
| Q4 25 | $10.87 | $1.09 | ||
| Q3 25 | $6.87 | $2.78 | ||
| Q2 25 | $2.80 | $0.99 | ||
| Q1 25 | $2.20 | $0.68 | ||
| Q4 24 | $4.95 | $2.41 | ||
| Q3 24 | $3.78 | $1.29 | ||
| Q2 24 | $2.26 | $1.35 | ||
| Q1 24 | $4.14 | $2.28 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $586.0M | — |
| 总债务越低越好 | $2.7B | $13.4B |
| 股东权益账面价值 | $3.2B | $23.3B |
| 总资产 | $9.2B | $460.9B |
| 负债/权益比越低杠杆越低 | 0.83× | 0.57× |
8季度趋势，按日历期对齐
现金及短期投资AMGAPO
| Q4 25 | $586.0M | — | ||
| Q3 25 | $476.1M | — | ||
| Q2 25 | $361.0M | — | ||
| Q1 25 | $816.5M | — | ||
| Q4 24 | $950.0M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $865.5M | — | ||
| Q1 24 | $793.4M | — |
总债务AMGAPO
| Q4 25 | $2.7B | $13.4B | ||
| Q3 25 | $2.4B | $12.6B | ||
| Q2 25 | $2.6B | $12.1B | ||
| Q1 25 | $2.6B | $10.6B | ||
| Q4 24 | $2.6B | $10.6B | ||
| Q3 24 | $2.6B | $9.8B | ||
| Q2 24 | $2.5B | $9.8B | ||
| Q1 24 | $2.5B | $9.6B |
股东权益AMGAPO
| Q4 25 | $3.2B | $23.3B | ||
| Q3 25 | $3.3B | $23.1B | ||
| Q2 25 | $3.2B | $19.3B | ||
| Q1 25 | $3.2B | $18.0B | ||
| Q4 24 | $3.3B | $17.3B | ||
| Q3 24 | $3.3B | $17.9B | ||
| Q2 24 | $3.3B | $15.3B | ||
| Q1 24 | $3.6B | $14.8B |
总资产AMGAPO
| Q4 25 | $9.2B | $460.9B | ||
| Q3 25 | $8.9B | $449.5B | ||
| Q2 25 | $8.8B | $419.6B | ||
| Q1 25 | $8.7B | $395.0B | ||
| Q4 24 | $8.8B | $377.9B | ||
| Q3 24 | $8.9B | $368.7B | ||
| Q2 24 | $8.8B | $346.5B | ||
| Q1 24 | $9.0B | $334.1B |
负债/权益比AMGAPO
| Q4 25 | 0.83× | 0.57× | ||
| Q3 25 | 0.71× | 0.55× | ||
| Q2 25 | 0.81× | 0.63× | ||
| Q1 25 | 0.82× | 0.59× | ||
| Q4 24 | 0.78× | 0.61× | ||
| Q3 24 | 0.79× | 0.55× | ||
| Q2 24 | 0.76× | 0.64× | ||
| Q1 24 | 0.70× | 0.65× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $256.4M | $4.7B |
| 自由现金流经营现金流 - 资本支出 | $254.5M | — |
| 自由现金流率自由现金流/营收 | 45.7% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 0.74× | 6.83× |
| 过去12个月自由现金流最近4个季度 | $967.1M | — |
8季度趋势，按日历期对齐
经营现金流AMGAPO
| Q4 25 | $256.4M | $4.7B | ||
| Q3 25 | $277.1M | $303.0M | ||
| Q2 25 | $230.8M | $1.3B | ||
| Q1 25 | $208.9M | $1.0B | ||
| Q4 24 | $212.5M | $-4.0M | ||
| Q3 24 | $265.2M | $1.9B | ||
| Q2 24 | $245.2M | $1.3B | ||
| Q1 24 | $209.2M | $70.0M |
自由现金流AMGAPO
| 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 | — | ||
| Q1 24 | $208.2M | — |
自由现金流率AMGAPO
| 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% | — | ||
| Q1 24 | 41.6% | — |
资本支出强度AMGAPO
| 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% | — | ||
| Q1 24 | 0.2% | — |
现金转化率AMGAPO
| Q4 25 | 0.74× | 6.83× | ||
| Q3 25 | 1.30× | 0.17× | ||
| Q2 25 | 2.74× | 2.00× | ||
| Q1 25 | 2.89× | 2.29× | ||
| Q4 24 | 1.31× | -0.00× | ||
| Q3 24 | 2.15× | 2.29× | ||
| Q2 24 | 3.23× | 1.56× | ||
| Q1 24 | 1.40× | 0.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AMG
暂无分部数据
APO
| Retirement Services Segment | $8.5B | 86% |
| Asset Management1 | $681.0M | 7% |
| Principal Investing Segment | $624.0M | 6% |
| Management Service Incentive | $96.0M | 1% |
