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AFFILIATED MANAGERS GROUP, INC.（AMG）与凯雷集团（CG）财务数据对比。点击上方公司名可切换其他公司
凯雷集团的季度营收约是AFFILIATED MANAGERS GROUP, INC.的3.4倍（$1.9B vs $556.6M）。AFFILIATED MANAGERS GROUP, INC.净利率更高（62.4% vs 18.8%，领先43.6%）。凯雷集团同比增速更快（84.1% vs 6.2%）。AFFILIATED MANAGERS GROUP, INC.自由现金流更多（$254.5M vs $-1.2B）。过去两年凯雷集团的营收复合增速更高（66.2% 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。
凯雷集团是美国知名跨国企业，核心业务涵盖私募股权投资、另类资产管理及金融服务领域。截至2023年，公司管理资产总规模达4260亿美元，是全球另类资管行业的重要参与者。
AMG vs CG — 直观对比
营收规模更大
CG
是对方的3.4倍
$556.6M
营收增速更快
CG
高出78.0%
6.2%
净利率更高
AMG
高出43.6%
18.8%
自由现金流更多
AMG
多$1.5B
$-1.2B
两年增速更快
CG
近两年复合增速
5.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $556.6M | $1.9B |
| 净利润 | $347.5M | $358.1M |
| 毛利率 | — | — |
| 营业利润率 | 94.4% | 24.3% |
| 净利率 | 62.4% | 18.8% |
| 营收同比 | 6.2% | 84.1% |
| 净利润同比 | 114.2% | 69.8% |
| 每股收益（稀释后） | $10.87 | $0.96 |
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AMGCG
| Q4 25 | $556.6M | $1.9B | ||
| Q3 25 | $528.0M | $332.7M | ||
| Q2 25 | $493.2M | $1.6B | ||
| Q1 25 | $496.6M | $973.1M | ||
| Q4 24 | $524.3M | $1.0B | ||
| Q3 24 | $516.4M | $2.6B | ||
| Q2 24 | $500.3M | $1.1B | ||
| Q1 24 | $499.9M | $688.4M |
净利润AMGCG
| Q4 25 | $347.5M | $358.1M | ||
| Q3 25 | $212.4M | $900.0K | ||
| Q2 25 | $84.3M | $319.7M | ||
| Q1 25 | $72.4M | $130.0M | ||
| Q4 24 | $162.2M | $210.9M | ||
| Q3 24 | $123.6M | $595.7M | ||
| Q2 24 | $76.0M | $148.2M | ||
| Q1 24 | $149.8M | $65.6M |
营业利润率AMGCG
| Q4 25 | 94.4% | 24.3% | ||
| Q3 25 | 68.7% | 25.8% | ||
| Q2 25 | 34.8% | 28.0% | ||
| Q1 25 | 25.5% | 17.6% | ||
| Q4 24 | 52.2% | 25.7% | ||
| Q3 24 | 42.0% | 29.9% | ||
| Q2 24 | 35.6% | 20.5% | ||
| Q1 24 | 50.8% | 17.5% |
净利率AMGCG
| Q4 25 | 62.4% | 18.8% | ||
| Q3 25 | 40.2% | 0.3% | ||
| Q2 25 | 17.1% | 20.3% | ||
| Q1 25 | 14.6% | 13.4% | ||
| Q4 24 | 30.9% | 20.4% | ||
| Q3 24 | 23.9% | 22.6% | ||
| Q2 24 | 15.2% | 13.9% | ||
| Q1 24 | 30.0% | 9.5% |
每股收益（稀释后）AMGCG
| Q4 25 | $10.87 | $0.96 | ||
| Q3 25 | $6.87 | $0.00 | ||
| Q2 25 | $2.80 | $0.87 | ||
| Q1 25 | $2.20 | $0.35 | ||
| Q4 24 | $4.95 | $0.56 | ||
| Q3 24 | $3.78 | $1.63 | ||
| Q2 24 | $2.26 | $0.40 | ||
| Q1 24 | $4.14 | $0.18 |
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 | $2.0B |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $3.2B | $7.1B |
| 总资产 | $9.2B | $29.1B |
| 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AMGCG
| Q4 25 | $586.0M | $2.0B | ||
| Q3 25 | $476.1M | $2.2B | ||
| Q2 25 | $361.0M | $1.3B | ||
| Q1 25 | $816.5M | $1.2B | ||
| Q4 24 | $950.0M | $1.3B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $865.5M | $914.8M | ||
| Q1 24 | $793.4M | $1.3B |
总债务AMGCG
| 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AMGCG
| Q4 25 | $3.2B | $7.1B | ||
| Q3 25 | $3.3B | $6.8B | ||
| Q2 25 | $3.2B | $6.7B | ||
| Q1 25 | $3.2B | $6.4B | ||
| Q4 24 | $3.3B | $6.3B | ||
| Q3 24 | $3.3B | $6.3B | ||
| Q2 24 | $3.3B | $5.7B | ||
| Q1 24 | $3.6B | $5.7B |
总资产AMGCG
| Q4 25 | $9.2B | $29.1B | ||
| Q3 25 | $8.9B | $27.1B | ||
| Q2 25 | $8.8B | $25.1B | ||
| Q1 25 | $8.7B | $24.1B | ||
| Q4 24 | $8.8B | $23.1B | ||
| Q3 24 | $8.9B | $22.7B | ||
| Q2 24 | $8.8B | $22.3B | ||
| Q1 24 | $9.0B | $20.8B |
负债/权益比AMGCG
| 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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $254.5M | $-1.2B |
| 自由现金流率自由现金流/营收 | 45.7% | -65.1% |
| 资本支出强度资本支出/营收 | 0.3% | 2.2% |
| 现金转化率经营现金流/净利润 | 0.74× | -3.34× |
| 过去12个月自由现金流最近4个季度 | $967.1M | $-3.4B |
8季度趋势，按日历期对齐
经营现金流AMGCG
| Q4 25 | $256.4M | $-1.2B | ||
| Q3 25 | $277.1M | $-1.6B | ||
| Q2 25 | $230.8M | $-168.8M | ||
| Q1 25 | $208.9M | $-352.1M | ||
| Q4 24 | $212.5M | $-352.8M | ||
| Q3 24 | $265.2M | $791.9M | ||
| Q2 24 | $245.2M | $-1.3B | ||
| Q1 24 | $209.2M | $71.1M |
自由现金流AMGCG
| Q4 25 | $254.5M | $-1.2B | ||
| Q3 25 | $275.9M | $-1.6B | ||
| Q2 25 | $229.4M | $-186.3M | ||
| Q1 25 | $207.3M | $-368.8M | ||
| Q4 24 | $211.4M | $-379.5M | ||
| Q3 24 | $264.5M | $772.8M | ||
| Q2 24 | $244.6M | $-1.3B | ||
| Q1 24 | $208.2M | $56.9M |
自由现金流率AMGCG
| Q4 25 | 45.7% | -65.1% | ||
| Q3 25 | 52.3% | -475.7% | ||
| Q2 25 | 46.5% | -11.8% | ||
| Q1 25 | 41.7% | -37.9% | ||
| Q4 24 | 40.3% | -36.8% | ||
| Q3 24 | 51.2% | 29.3% | ||
| Q2 24 | 48.9% | -120.4% | ||
| Q1 24 | 41.6% | 8.3% |
资本支出强度AMGCG
| Q4 25 | 0.3% | 2.2% | ||
| Q3 25 | 0.2% | 7.0% | ||
| Q2 25 | 0.3% | 1.1% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | 0.2% | 2.6% | ||
| Q3 24 | 0.1% | 0.7% | ||
| Q2 24 | 0.1% | 1.7% | ||
| Q1 24 | 0.2% | 2.1% |
现金转化率AMGCG
| Q4 25 | 0.74× | -3.34× | ||
| Q3 25 | 1.30× | -1732.78× | ||
| Q2 25 | 2.74× | -0.53× | ||
| Q1 25 | 2.89× | -2.71× | ||
| Q4 24 | 1.31× | -1.67× | ||
| Q3 24 | 2.15× | 1.33× | ||
| Q2 24 | 3.23× | -8.57× | ||
| Q1 24 | 1.40× | 1.08× |
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
CG
| Fund Management Fee | $606.8M | 32% |
| Other | $528.7M | 28% |
| Global Private Equity Segment | $307.3M | 16% |
| Global Credit Segment | $238.0M | 13% |
| Carlyle Alp Invest Segment | $124.6M | 7% |
| Incentive Fee | $55.4M | 3% |
| Fee Related Performance Revenues | $29.2M | 2% |
| Investment Advice | $11.1M | 1% |
