Comparison

AFFILIATED MANAGERS GROUP, INC. (AMG) vs NORTHERN TRUST CORP (NTRS)

The same filed metrics for both companies, side by side.

What each names as a risk in its own annual report, how each is priced against its own history, and the tracked managers whose latest 13F reports a position in both.

Financials

AMG

AFFILIATED MANAGERS GROUP, INC.

Asset Management

Revenue, FY25: $2.07B
Net income: $717M
Operating cash flow: $973M
Free cash flow: $967M
Net margin: 34.54%
Operating margin: -
Gross margin: -

NTRS

NORTHERN TRUST CORP

Asset Management

Revenue, FY25: $8.09B
Net income: $1.74B
Operating cash flow: $5.53B
Free cash flow: $5.46B
Net margin: 21.48%
Operating margin: -
Gross margin: -

Head-to-head

Filed growth, quality and valuation, read against each company’s own history rather than against the other side.

Metric	AMG	NTRS
Revenue growth, latest filed year	+1.64%	−2.46%
Piotroski F-score	6 of 7	4 of 6
P/E against its own history	10.87% below	about normal

What each says it is exposed to

From Item 1A of each company’s most recent 10-K.

AMG

Tax
Debt covenants
Currency moves
Litigation
Cybersecurity
Interest rates

And 10 more.

NTRS

No 10-K read yet.

Tracked managers holding both

John Rogers Ariel Investments 3.37% · 1.69%

Updated Aug 7, 2026 · the newer of the two companies' filings