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AFFILIATED MANAGERS GROUP, INC.（AMG）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是AFFILIATED MANAGERS GROUP, INC.的1.1倍（$613.5M vs $556.6M），AFFILIATED MANAGERS GROUP, INC.净利率更高（62.4% vs 13.2%，领先49.2%），Tyler Technologies同比增速更快（8.6% vs 6.2%），AFFILIATED MANAGERS GROUP, INC.自由现金流更多（$254.5M vs $2.0M），过去两年Tyler Technologies的营收复合增速更高（6.5% 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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
AMG vs TYL — 直观对比
营收规模更大
TYL
是对方的1.1倍
$556.6M
营收增速更快
TYL
高出2.4%
6.2%
净利率更高
AMG
高出49.2%
13.2%
自由现金流更多
AMG
多$252.5M
$2.0M
两年增速更快
TYL
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $556.6M | $613.5M |
| 净利润 | $347.5M | $81.2M |
| 毛利率 | — | 48.3% |
| 营业利润率 | 94.4% | 16.3% |
| 净利率 | 62.4% | 13.2% |
| 营收同比 | 6.2% | 8.6% |
| 净利润同比 | 114.2% | — |
| 每股收益（稀释后） | $10.87 | $1.88 |
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AMGTYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | $556.6M | $575.2M | ||
| Q3 25 | $528.0M | $595.9M | ||
| Q2 25 | $493.2M | $596.1M | ||
| Q1 25 | $496.6M | $565.2M | ||
| Q4 24 | $524.3M | $541.1M | ||
| Q3 24 | $516.4M | $543.3M | ||
| Q2 24 | $500.3M | $541.0M |
净利润AMGTYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | $347.5M | $65.5M | ||
| Q3 25 | $212.4M | $84.4M | ||
| Q2 25 | $84.3M | $84.6M | ||
| Q1 25 | $72.4M | $81.1M | ||
| Q4 24 | $162.2M | $65.2M | ||
| Q3 24 | $123.6M | $75.9M | ||
| Q2 24 | $76.0M | $67.7M |
毛利率AMGTYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | — | 45.5% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 47.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 44.0% |
营业利润率AMGTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | 94.4% | 13.0% | ||
| Q3 25 | 68.7% | 16.4% | ||
| Q2 25 | 34.8% | 16.0% | ||
| Q1 25 | 25.5% | 15.8% | ||
| Q4 24 | 52.2% | 13.2% | ||
| Q3 24 | 42.0% | 15.2% | ||
| Q2 24 | 35.6% | 14.4% |
净利率AMGTYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | 62.4% | 11.4% | ||
| Q3 25 | 40.2% | 14.2% | ||
| Q2 25 | 17.1% | 14.2% | ||
| Q1 25 | 14.6% | 14.3% | ||
| Q4 24 | 30.9% | 12.1% | ||
| Q3 24 | 23.9% | 14.0% | ||
| Q2 24 | 15.2% | 12.5% |
每股收益（稀释后）AMGTYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | $10.87 | $1.50 | ||
| Q3 25 | $6.87 | $1.93 | ||
| Q2 25 | $2.80 | $1.93 | ||
| Q1 25 | $2.20 | $1.84 | ||
| Q4 24 | $4.95 | $1.48 | ||
| Q3 24 | $3.78 | $1.74 | ||
| Q2 24 | $2.26 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $3.2B | $3.6B |
| 总资产 | $9.2B | $4.8B |
| 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AMGTYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | $586.0M | $1.1B | ||
| Q3 25 | $476.1M | $950.8M | ||
| Q2 25 | $361.0M | $892.3M | ||
| Q1 25 | $816.5M | $807.4M | ||
| Q4 24 | $950.0M | $768.0M | ||
| Q3 24 | $1.0B | $544.3M | ||
| Q2 24 | $865.5M | $258.0M |
总债务AMGTYL
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $599.7M | ||
| Q3 25 | $2.4B | $599.2M | ||
| Q2 25 | $2.6B | $598.8M | ||
| Q1 25 | $2.6B | $598.4M | ||
| Q4 24 | $2.6B | $597.9M | ||
| Q3 24 | $2.6B | $597.5M | ||
| Q2 24 | $2.5B | $597.1M |
股东权益AMGTYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | $3.2B | $3.7B | ||
| Q3 25 | $3.3B | $3.6B | ||
| Q2 25 | $3.2B | $3.6B | ||
| Q1 25 | $3.2B | $3.5B | ||
| Q4 24 | $3.3B | $3.4B | ||
| Q3 24 | $3.3B | $3.3B | ||
| Q2 24 | $3.3B | $3.1B |
总资产AMGTYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $9.2B | $5.6B | ||
| Q3 25 | $8.9B | $5.5B | ||
| Q2 25 | $8.8B | $5.4B | ||
| Q1 25 | $8.7B | $5.2B | ||
| Q4 24 | $8.8B | $5.2B | ||
| Q3 24 | $8.9B | $5.0B | ||
| Q2 24 | $8.8B | $4.8B |
负债/权益比AMGTYL
| Q1 26 | — | — | ||
| Q4 25 | 0.83× | 0.16× | ||
| Q3 25 | 0.71× | 0.17× | ||
| Q2 25 | 0.81× | 0.16× | ||
| Q1 25 | 0.82× | 0.17× | ||
| Q4 24 | 0.78× | 0.18× | ||
| Q3 24 | 0.79× | 0.18× | ||
| Q2 24 | 0.76× | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $254.5M | $2.0M |
| 自由现金流率自由现金流/营收 | 45.7% | 0.3% |
| 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× | 1.32× |
| 过去12个月自由现金流最近4个季度 | $967.1M | $585.7M |
8季度趋势，按日历期对齐
经营现金流AMGTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $256.4M | $243.9M | ||
| Q3 25 | $277.1M | $255.2M | ||
| Q2 25 | $230.8M | $98.3M | ||
| Q1 25 | $208.9M | $56.2M | ||
| Q4 24 | $212.5M | $224.8M | ||
| Q3 24 | $265.2M | $263.7M | ||
| Q2 24 | $245.2M | $64.3M |
自由现金流AMGTYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $254.5M | $239.6M | ||
| Q3 25 | $275.9M | $251.3M | ||
| Q2 25 | $229.4M | $92.8M | ||
| Q1 25 | $207.3M | $53.8M | ||
| Q4 24 | $211.4M | $221.0M | ||
| Q3 24 | $264.5M | $260.8M | ||
| Q2 24 | $244.6M | $57.7M |
自由现金流率AMGTYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | 45.7% | 41.7% | ||
| Q3 25 | 52.3% | 42.2% | ||
| Q2 25 | 46.5% | 15.6% | ||
| Q1 25 | 41.7% | 9.5% | ||
| Q4 24 | 40.3% | 40.8% | ||
| Q3 24 | 51.2% | 48.0% | ||
| Q2 24 | 48.9% | 10.7% |
资本支出强度AMGTYL
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 0.8% | ||
| Q3 25 | 0.2% | 0.7% | ||
| Q2 25 | 0.3% | 0.9% | ||
| Q1 25 | 0.3% | 0.4% | ||
| Q4 24 | 0.2% | 0.7% | ||
| Q3 24 | 0.1% | 0.5% | ||
| Q2 24 | 0.1% | 1.2% |
现金转化率AMGTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | 0.74× | 3.72× | ||
| Q3 25 | 1.30× | 3.02× | ||
| Q2 25 | 2.74× | 1.16× | ||
| Q1 25 | 2.89× | 0.69× | ||
| Q4 24 | 1.31× | 3.45× | ||
| Q3 24 | 2.15× | 3.47× | ||
| Q2 24 | 3.23× | 0.95× |
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
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
