Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $2,028 | $2,412 | $2,330 | $2,058 | $2,041 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $202 | $566 | $1,146 | $673 | $512 |
Over the past five years, AFFILIATED MANAGERS GROUP, INC. has experienced noticeable swings in its top- and bottom-line performance. Revenue grew from USD 2,027.5 million in 2020 to a peak of USD 2,412.4 million in 2021—a robust increase of nearly 19%—before retracing to USD 2,329.6 million in 2022 and then declining further to approximately USD 2,057.8 million in 2023 and USD 2,040.9 million in 2024. This trend indicates that while the company initially succeeded in expanding its revenue base, recent years have seen a contraction likely driven by evolving market conditions or shifts in client demand within the asset management industry. Notably, the provided income statement shows consistent zeroes for gross profit and operating income, which could point to the nature of its business model or an alternative more direct route from revenue to net income. Net income, however, tells a different story of volatility and rapid change. Following a modest USD 202.2 million in net income in 2020, the figure surged by approximately 180% to USD 565.7 million in 2021, and then more than doubled to USD 1,145.9 million in 2022—a period marked by strong profitability improvements that could stem from operational efficiencies, favorable market conditions, or investment performance. In contrast, 2023 saw a sharp decline of around 41% to USD 672.9 million, with a further drop of roughly 24% to USD 511.6 million in 2024. These significant swings, especially the over-20% year-over-year changes in net income, suggest that the company’s margins are highly sensitive to either external economic factors or internal strategic shifts. Overall, while AFFILIATED MANAGERS GROUP, INC. has demonstrated periods of robust profitability, the recent net income downturn combined with declining revenues warrants close monitoring to assess sustainability and future risk management within a competitive and dynamic industry.
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