Last update at 2025-03-14T20:03:00Z
Exclusive-T. Rowe Price's head of governance Donna Anderson to retire at year-end
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Fri 14 Feb 25, 11:24 AMT. Rowe Price's January AUM Balance Increases 2.7% Sequentially
Thu 13 Feb 25, 05:32 PM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 1948.20M | 3994.60M | 3242.20M | 2927.30M | 2384.60M |
| Minority interest | 108.30M | -15.60000M | 150.60M | 117.60M | -68.80000M |
| Net income | 1557.90M | 3082.90M | 2372.70M | 2131.30M | 1837.50M |
| Selling general administrative | 972.70M | 868.50M | 760.90M | 749.20M | 679.90M |
| Selling and marketing expenses | 97.30M | 100.20M | 83.70M | 96.80M | 99.60M |
| Gross profit | 3566.00M | 4678.70M | 3590.30M | 3233.00M | 3125.70M |
| Reconciled depreciation | 645.80M | 204.80M | 189.60M | 190.80M | 159.50M |
| Ebit | 2373.70M | 3710.00M | 2057.60M | 1662.90M | 2145.20M |
| Ebitda | 3026.50M | 3419.50M | 2247.20M | 1853.70M | 2304.70M |
| Depreciation and amortization | 652.80M | -290.50000M | 189.60M | 190.80M | 159.50M |
| Non operating income net other | -425.50000M | 284.60M | 496.50M | 540.30M | 23.20M |
| Operating income | 2373.70M | 3710.00M | 2057.60M | 1662.90M | 2361.40M |
| Other operating expenses | 3992.40M | 3961.90M | 3461.00M | 3230.90M | 3026.40M |
| Interest expense | 317.20M | 764.30M | 1034.00M | 1146.80M | 0.00000M |
| Tax provision | 498.60M | 896.10M | 718.90M | 678.40M | 615.90M |
| Interest income | 408.20M | 288.10M | 497.80M | 533.20M | 26.30M |
| Net interest income | - | - | - | - | - |
| Extraordinary items | - | - | - | 0.00000M | -28.70000M |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 498.60M | 896.10M | 718.90M | 678.40M | 615.90M |
| Total revenue | 6488.40M | 7671.90M | 6206.70M | 5617.90M | 5372.60M |
| Total operating expenses | 1070.00M | 968.70M | 844.60M | 846.00M | 779.50M |
| Cost of revenue | 2922.40M | 2993.20M | 2616.40M | 2384.90M | 2246.90M |
| Total other income expense net | -425.50000M | 284.60M | 1184.60M | 1264.40M | 38.40M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 1449.60M | 3098.50M | 2523.30M | 2248.90M | 1768.70M |
| Net income applicable to common shares | 1521.80M | 3002.40M | 2372.70M | 2131.30M | 1837.50M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 12278.80M | 11643.30M | 12516.60M | 10659.00M | 9330.40M |
| Intangible assets | 507.30M | 629.80M | 913.40M | - | - |
| Earning assets | - | - | - | - | - |
| Other current assets | -2681.50000M | - | -2975.00000M | - | - |
| Total liab | 1987.60M | 1956.40M | 2255.30M | 1390.30M | 1107.30M |
| Total stockholder equity | 9505.10M | 8839.50M | 9022.70M | 7707.00M | 7102.10M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 8.70M | -283.60000M | 77.90M | 85.00M | 31.80M |
| Common stock | 44.80M | 44.90M | 45.80M | 45.60M | 47.00M |
| Capital stock | 44.80M | 44.90M | 45.80M | 45.60M | 47.00M |
| Retained earnings | 9076.10M | 8409.70M | 8083.60M | 7029.80M | 6443.50M |
| Other liab | - | 184.90M | 1372.70M | 618.10M | 39.20M |
| Good will | 2642.80M | 2642.80M | 3608.30M | 665.70M | 665.70M |
| Other assets | - | 2193.40M | 2410.00M | 219.20M | 202.60M |
| Cash | 2066.60M | 1755.60M | 1523.10M | 2151.70M | 1781.80M |
| Cash and equivalents | - | 1755.60M | 1523.10M | 2151.70M | 1781.80M |
| Total current liabilities | 475.70M | 452.70M | 508.90M | 272.70M | 246.30M |
| Current deferred revenue | - | - | - | - | - |
| Net debt | -1668.70000M | -1426.00000M | -1273.90000M | -1997.60000M | -1635.50000M |
| Short term debt | 57.50M | 329.60M | 498.00M | 0.00000M | 0.00000M |
| Short long term debt | - | - | - | - | - |
| Short long term debt total | 397.90M | 329.60M | 249.20M | 154.10M | 146.30M |
| Other stockholder equity | 431.70M | 437.90M | 919.80M | 654.60M | 654.60M |
| Property plant equipment | - | 1035.10M | 937.40M | 695.40M | 674.40M |
| Total current assets | 2874.50M | 2504.30M | 2581.40M | 3014.80M | 2428.40M |
| Long term investments | 3707.40M | 4142.60M | 4938.30M | 3250.80M | 2939.80M |
| Net tangible assets | - | 6223.60M | 5414.40M | 8603.00M | 7557.40M |
| Short term investments | - | 2539.20M | 2975.00M | - | - |
| Net receivables | 614.90M | 748.70M | 1058.30M | 863.10M | 646.60M |
| Long term debt | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Accounts payable | 409.50M | 406.70M | 431.00M | 187.70M | 214.50M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | 190.70M | 248.70M | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -47.50000M | -53.00000M | -26.50000M | -23.00000M | -43.00000M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | 44.90M | 45.80M | 45.60M | 47.00M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | 8409.70M | 8083.60M | 7029.80M | 6443.50M |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 885.50M | 895.70M | 451.20M | 219.20M | 201.10M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 9404.30M | 9139.00M | 9935.20M | 7644.20M | 6902.00M |
| Capital lease obligations | 308.50M | 329.60M | 249.20M | 154.10M | 146.30M |
| Long term debt total | - | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | 66.10M | -41.50000M | 1578.30M | 181.70M | -108.30000M |
| Change to liabilities | - | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
| Total cashflows from investing activities | - | -41.50000M | -1098.10000M | -36.30000M | -324.50000M |
| Net borrowings | - | - | - | - | - |
| Total cash from financing activities | -1437.40000M | -2076.90000M | -2988.80000M | -1486.30000M | -832.70000M |
| Change to operating activities | - | -139.90000M | 67.40M | 91.10M | 109.60M |
| Net income | 1744.30M | 1449.60M | 3098.50M | 2523.30M | 2248.90M |
| Change in cash | 311.00M | 250.50M | -632.30000M | 398.20M | 363.00M |
| Begin period cash flow | 1755.60M | 1624.20M | 2256.50M | 1858.30M | 1495.30M |
| End period cash flow | 2066.60M | 1874.70M | 1624.20M | 2256.50M | 1858.30M |
| Total cash from operating activities | 2233.30M | 2359.40M | 3452.00M | 1918.90M | 1522.70M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 389.00M | 645.80M | 204.80M | 189.60M | 190.80M |
| Other cashflows from investing activities | - | -12.40000M | 13.50M | -3.40000M | -11.60000M |
| Dividends paid | 1121.70M | 1107.40M | 1701.90M | 845.80M | 733.90M |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | - | - | - | - |
| Sale purchase of stock | -272.40000M | -849.80000M | -1138.50000M | -1201.90000M | -705.80000M |
| Other cashflows from financing activities | -43.30000M | -83.50000M | -148.40000M | 561.40M | 607.00M |
| Change to netincome | - | 105.40M | 369.10M | 103.30M | 80.60M |
| Capital expenditures | 307.90M | 237.60M | 239.10M | 214.60M | 204.60M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | 804.40M | 164.60M | -707.70000M | -806.80000M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | 241.00M | -634.90000M | 396.30M | 365.50M |
| Change in working capital | 193.60M | -139.90000M | 67.40M | 91.10M | 109.60M |
| Stock based compensation | 265.60M | 285.40M | 274.60M | 246.20M | 206.60M |
| Other non cash items | 684.40M | 118.50M | -193.30000M | -1131.30000M | -1233.20000M |
| Free cash flow | 1925.40M | 2121.80M | 3212.90M | 1704.30M | 1318.10M |
Sector: Financial Services Industry: Asset Management
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TROW T. Rowe Price Group Inc |
2.27 2.50% | 93.04 | 14.05 | 14.81 | 3.99 | 2.71 | 3.72 | 9.53 |
| BX Blackstone Group Inc |
4.36 3.19% | 140.89 | 63.48 | 31.95 | 20.18 | 20.26 | 16.48 | |
| BLK BlackRock Inc |
28.24 3.14% | 928.70 | 23.92 | 21.23 | 8.04 | 3.78 | 7.54 | 16.86 |
| APO Apollo Global Management LLC Class A |
4.08 3.13% | 134.32 | 18.23 | 20.92 | 3.08 | 6.11 | 2.73 | 14.76 |
| KKR KKR & Co LP |
4.62 4.25% | 113.31 | 29.90 | 16.84 | 4.76 | 3.56 | 2.50 | 4.66 |
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Shanghai, China; Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, Amsterdam, Netherlands and Washington, DC.
100 East Pratt Street, Baltimore, MD, United States, 21202
| Name | Title | Year Born |
|---|---|---|
| Mr. Robert W. Sharps C.F.A., CPA, CFA, CPA | CEO, Pres & Director | 1971 |
| Ms. Jennifer Benson Dardis | VP, CFO & Treasurer | 1973 |
| Mr. Eric Lanoue Veiel C.F.A. | Chief Investment Officer & Head of Global Equity | 1972 |
| Mr. Justin Thomson | VP, Head of International Equity & CIO for International Equities | 1968 |
| Mr. Glenn Russell August | CEO of OHA, VP & Director | 1962 |
| Ms. Kimberly H. Johnson | VP & COO | 1973 |
| Mr. Sébastien Page C.F.A., CFA | VP, Head of Global Multi-Asset & CIO | 1977 |
| Ms. Jessica M. Hiebler | Principal Accounting Officer, Controller & VP | 1976 |
| Ms. Teresa Whitaker | Investor Relations Mang. | NA |
| Mr. David S. Oestreicher Esq., J.D. | VP, Gen. Counsel & Corp. Sec. | 1967 |
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