TROWNasdaqInvestment AdviceFiscal year ends December 31
PRICE T ROWE GROUP INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$100.10−0.87 (-0.86%)
Close on Oct 19, 2026
- Market cap
- $21.44B
- P/E (TTM)
- 10.0
- Dividend yield
- 5.07%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
29.9%−14.3 pts over 5 years
Net margin
28.5%−9.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.1% | +4.1% | +3.3% | +5.7% | |
| Operating income | -6.2% | -2.7% | -4.4% | +1.4% | |
| Net income | -0.6% | +10.2% | -2.5% | +5.5% | |
| EPS, diluted | +1.0% | +11.3% | -1.5% | +7.2% | |
| Free cash flow | +17.2% | -11.3% | -2.8% | +0.7% | |
| Dividend per share | +2.4% | +1.9% | +7.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 24.9% | 32.0% | 19.7% | |
| Return on assets | 21.4% | 23.7% | 15.0% | |
| Capex to revenue | 3.5% | 3.5% | 3.7% | |
| Diluted shares | 250M | 231M | 220M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Price T Rowe generated $10.47B from operations and spent $10.89B on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
Generated
$10.47B
Used
$10.89B
Capital expenditure$1.48B14%Dividends$6.21B57%Share buybacks$3.20B29%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin28.5%
×Asset turnover0.53×
×Equity multiplier1.31×
=Return on equity, FY202519.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 28.5% | 0.53× | 1.31× | 19.7% |
| FY2024 | 29.6% | 0.55× | 1.30× | 21.2% |
| FY2023 | 27.7% | 0.54× | 1.30× | 19.5% |
| FY2022 | 24.0% | 0.54× | 1.35× | 17.4% |
| FY2021 | 40.2% | 0.66× | 1.38× | 36.9% |
| FY2020 | 38.2% | 0.62× | 1.35× | 32.0% |
| FY2019 | 37.9% | 0.66× | 1.29× | 32.2% |
| FY2018 | 34.2% | 0.71× | 1.27× | 30.8% |
| FY2017 | 30.9% | 0.71× | 1.27× | 27.7% |
| FY2016 | 28.4% | 0.76× | 1.16× | 24.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$2.09B
- Cash generatingOperating cash flow above zero$1.75B
- Return on assets improvedROA up on the prior year17.1% → 15.5%
- Earnings backed by cashOperating cash flow above net income$1.75B vs $2.09B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise223M → 220M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.58 → 0.54