Franklin Resources vs Invesco
Franklin Resources is the larger business, with $8.77bn of revenue in fiscal 2025 against $6.38bn for Invesco (1.4 times as much). Invesco grew faster (5.1% against 3.5%). Franklin Resources kept more of each dollar of sales as profit: a net margin of 6.0% against -11.4%. Invesco carries less debt relative to equity (14.9% against 19.6%).
| Latest fiscal year | Franklin ResourcesBEN, 2025 | InvescoIVZ, 2025 |
|---|---|---|
| Revenue | $8.77bn | $6.38bn |
| Revenue growth | 3.5% | 5.1% |
| Net income | $525m | −$726m |
| Operating margin | 6.9% | -10.9% |
| Net margin | 6.0% | -11.4% |
| Return on equity | 4.3% | -5.4% |
| Free cash flow | $912m | $1.44bn |
| Cash | $3.57bn | $1.04bn |
| Total debt | $2.36bn | $1.83bn |
| Debt to equity | 19.6% | 14.9% |
| Dividend per share | $1.28 | $0.83 |
| Dividend yield | 4.3% | 3.1% |
| Share buybacks | $240m | $124m |
| Employees | 9,800 | 8,611 |
| Market value | $16.43bn | $12.42bn |
| Price vs our value range | — | — |
| Moat score | 68 (Moderate) | 65 (Moderate) |
| Insider trades, 12 months | 3 buys, 5 sales | 0 buys, 5 sales |