Affiliated Managers Group vs Stepstone Group
Affiliated Managers Group and Stepstone Group are similar in size: $2.07bn and $1.99bn of revenue in their latest fiscal years. Stepstone Group grew faster (69.7% against 1.6%). Affiliated Managers Group kept more of each dollar of sales as profit: a net margin of 34.5% against -26.9%.
| Latest fiscal year | Affiliated Managers GroupAMG, 2025 | Stepstone GroupSTEP, 2026 |
|---|---|---|
| Revenue | $2.07bn | $1.99bn |
| Revenue growth | 1.6% | 69.7% |
| Net income | $717m | −$536m |
| Operating margin | — | — |
| Net margin | 34.5% | -26.9% |
| Return on equity | 21.8% | — |
| Free cash flow | $967m | $63.9m |
| Cash | $586m | $1.12bn |
| Total debt | $2.73bn | $275m |
| Debt to equity | 84.3% | — |
| Dividend per share | $0.04 | $1.48 |
| Dividend yield | 0.0% | 3.7% |
| Share buybacks | $706m | $8.7m |
| Employees | 5,600 | 1,310 |
| Market value | $9.96bn | $3.68bn |
| Price vs our value range | — | — |
| Moat score | 68 (Moderate) | — |
| Insider trades, 12 months | 2 buys, 5 sales | 5 buys, 21 sales |