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AFFILIATED MANAGERS GROUP, INC.（AMG）与Ares Management Corp（ARES）财务数据对比。点击上方公司名可切换其他公司
Ares Management Corp的季度营收约是AFFILIATED MANAGERS GROUP, INC.的2.7倍（$1.5B vs $556.6M）。AFFILIATED MANAGERS GROUP, INC.净利率更高（62.4% vs 3.6%，领先58.8%）。Ares Management Corp同比增速更快（19.5% vs 6.2%）。过去两年Ares Management Corp的营收复合增速更高（45.9% 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。
Ares Management Corp是一家全球知名的另类投资管理机构，业务覆盖信贷、私募股权及房地产三大投资领域。公司成立于1997年，在北美、欧洲、亚洲多地设有分支机构，为全球客户提供专业的另类资产管理服务。
AMG vs ARES — 直观对比
营收规模更大
ARES
是对方的2.7倍
$556.6M
营收增速更快
ARES
高出13.4%
6.2%
净利率更高
AMG
高出58.8%
3.6%
两年增速更快
ARES
近两年复合增速
5.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $556.6M | $1.5B |
| 净利润 | $347.5M | $54.2M |
| 毛利率 | — | — |
| 营业利润率 | 94.4% | 13.7% |
| 净利率 | 62.4% | 3.6% |
| 营收同比 | 6.2% | 19.5% |
| 净利润同比 | 114.2% | -69.4% |
| 每股收益（稀释后） | $10.87 | — |
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AMGARES
| Q4 25 | $556.6M | $1.5B | ||
| Q3 25 | $528.0M | $1.7B | ||
| Q2 25 | $493.2M | $1.4B | ||
| Q1 25 | $496.6M | $1.1B | ||
| Q4 24 | $524.3M | $1.3B | ||
| Q3 24 | $516.4M | $1.1B | ||
| Q2 24 | $500.3M | $788.7M | ||
| Q1 24 | $499.9M | $707.4M |
净利润AMGARES
| Q4 25 | $347.5M | $54.2M | ||
| Q3 25 | $212.4M | $288.9M | ||
| Q2 25 | $84.3M | $137.1M | ||
| Q1 25 | $72.4M | $47.2M | ||
| Q4 24 | $162.2M | $177.3M | ||
| Q3 24 | $123.6M | $118.5M | ||
| Q2 24 | $76.0M | $94.9M | ||
| Q1 24 | $149.8M | $73.0M |
营业利润率AMGARES
| Q4 25 | 94.4% | 13.7% | ||
| Q3 25 | 68.7% | 39.3% | ||
| Q2 25 | 34.8% | 21.3% | ||
| Q1 25 | 25.5% | 13.0% | ||
| Q4 24 | 52.2% | 31.8% | ||
| Q3 24 | 42.0% | 29.0% | ||
| Q2 24 | 35.6% | 40.2% | ||
| Q1 24 | 50.8% | 32.7% |
净利率AMGARES
| Q4 25 | 62.4% | 3.6% | ||
| Q3 25 | 40.2% | 17.4% | ||
| Q2 25 | 17.1% | 10.2% | ||
| Q1 25 | 14.6% | 4.3% | ||
| Q4 24 | 30.9% | 14.1% | ||
| Q3 24 | 23.9% | 10.5% | ||
| Q2 24 | 15.2% | 12.0% | ||
| Q1 24 | 30.0% | 10.3% |
每股收益（稀释后）AMGARES
| Q4 25 | $10.87 | — | ||
| Q3 25 | $6.87 | — | ||
| Q2 25 | $2.80 | — | ||
| Q1 25 | $2.20 | — | ||
| Q4 24 | $4.95 | — | ||
| Q3 24 | $3.78 | — | ||
| Q2 24 | $2.26 | — | ||
| Q1 24 | $4.14 | — |
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 | — |
| 股东权益账面价值 | $3.2B | $4.3B |
| 总资产 | $9.2B | $28.6B |
| 负债/权益比越低杠杆越低 | 0.83× | — |
8季度趋势，按日历期对齐
现金及短期投资AMGARES
| 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AMGARES
| 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 | — |
股东权益AMGARES
| Q4 25 | $3.2B | $4.3B | ||
| Q3 25 | $3.3B | $4.5B | ||
| Q2 25 | $3.2B | $4.4B | ||
| Q1 25 | $3.2B | $4.5B | ||
| Q4 24 | $3.3B | $3.5B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.3B | $2.0B | ||
| Q1 24 | $3.6B | $1.8B |
总资产AMGARES
| Q4 25 | $9.2B | $28.6B | ||
| Q3 25 | $8.9B | $27.0B | ||
| Q2 25 | $8.8B | $27.3B | ||
| Q1 25 | $8.7B | $27.2B | ||
| Q4 24 | $8.8B | $24.9B | ||
| Q3 24 | $8.9B | $24.5B | ||
| Q2 24 | $8.8B | $24.2B | ||
| Q1 24 | $9.0B | $24.4B |
负债/权益比AMGARES
| 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× | — |
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 | $-483.7M |
| 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× | -8.92× |
| 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AMGARES
| Q4 25 | $256.4M | $-483.7M | ||
| Q3 25 | $277.1M | $1.3B | ||
| Q2 25 | $230.8M | $415.7M | ||
| Q1 25 | $208.9M | $2.0B | ||
| Q4 24 | $212.5M | $807.6M | ||
| Q3 24 | $265.2M | $841.3M | ||
| Q2 24 | $245.2M | $432.2M | ||
| Q1 24 | $209.2M | $710.0M |
自由现金流AMGARES
| 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AMGARES
| 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AMGARES
| 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AMGARES
| Q4 25 | 0.74× | -8.92× | ||
| Q3 25 | 1.30× | 4.64× | ||
| Q2 25 | 2.74× | 3.03× | ||
| Q1 25 | 2.89× | 42.28× | ||
| Q4 24 | 1.31× | 4.55× | ||
| Q3 24 | 2.15× | 7.10× | ||
| Q2 24 | 3.23× | 4.55× | ||
| Q1 24 | 1.40× | 9.72× |
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
ARES
| Management Service | $991.1M | 66% |
| Management Service Incentive | $206.7M | 14% |
| Carried Interest | $205.4M | 14% |
| Fee Related Performance Revenues | $113.3M | 8% |
