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Industry · 30 scored · 90 listed

Asset Management Stocks in the US

The 30 Asset Management companies we score in the US are BlackRock, Inc. ($198.6B, the largest), Blackstone Inc., Brookfield Corporation and 27 more. 14 of the 30 companies we score beat S&P 500 on share price over recent months (2 have no relative-strength reading yet). Prices are as of 4 Nov 2026.

Asset Management: Brookfield Corporation owns the largest revenue base; Pershing Square Inc. has the fastest current growth.

30Companies scored on this page, of 90 listed
$1.2TCombined market value all of them together
26/30Revenue growing revenue over the last 12 months up on a year earlier
14/30Beating S&P 500 share price doing better than the index (relative strength) (2 have no reading yet)
14 of 30 beat the S&P 500 on share price over recent months

The main question: the biggest companies are not always the ones changing the most.

Start with size. Then the direction of earnings. Then the quality of the business. A share price that leads means more once those three agree.

By Sector AlphaUpdated November 2026Prices as of 4 November 2026How the numbers are worked out

Which are the biggest Asset Management stocks in the US?

The largest Asset Management stocks in the US by market value are BlackRock, Inc. ($198.6B), Blackstone Inc. ($156.2B) and Brookfield Corporation ($96.2B), at prices of 4 Nov 2026.

The other 20 Asset Management companies are in the full list below.

Share price | market value | P/BV or P/E, biggest first. Prices and market values as of 4 Nov 2026; ratios as in the score list below.

Which are the Asset Management stocks, ranked?

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 4 Nov 2026.

  1. 1Victory Capital Holdings, Inc.VCTR · $7.4B69.5of 100favourable · strongest on relative strength versus sector and income growth
  2. 2Northern Trust CorporationNTRS · $32.3B67.7of 100favourable · strongest on P/BV divided by ROE and profit growth
  3. 3Blackstone Inc.BX · $156.2B65.9of 100favourable · strongest on P/BV divided by ROE and ROA
  4. 4Equitable Holdings, Inc.EQH · $15.1B65.4of 100favourable · strongest on P/BV divided by ROE and relative strength versus sector
  5. 5Franklin Resources, Inc.BEN · $17.2B64.2of 100mixed, leaning good · strongest on profit growth and relative strength versus sector
  6. 6BlackRock, Inc.BLK · $198.6B62.8of 100mixed, leaning good · strongest on relative strength versus sector and 13-week relative-strength change
  7. 7State Street CorporationSTT · $47.2B62.1of 100mixed, leaning good · strongest on P/BV divided by ROE and relative strength versus sector
  8. 8SEI Investments CompanySEIC · $12.9B60.6of 100mixed, leaning good · strongest on ROA and relative strength versus sector
  9. 9T. Rowe Price Group, Inc.TROW · $24.0B58.5of 100mixed, leaning good · strongest on ROA and P/BV divided by ROE
  10. 10Brookfield Asset Management Ltd.BAM · $86.5B58.4of 100mixed, leaning good · strongest on ROA and income growth

Which Asset Management companies are listed in the US?

The largest 15 of 30 listed US Asset Management companies are named here; all 30 are ranked in the scorecard. Every figure is equal-weighted across those companies and carries its own as-of date. One large company cannot set the reading.

  1. BlackRock, Inc.$198.6B
  2. Blackstone Inc.$156.2B
  3. Brookfield Corporation$96.2B
  4. KKR & Co. Inc.$90.9B
  5. Brookfield Asset Management Ltd.$86.5B
  6. Apollo Global Management, Inc.$72.5B
  7. State Street Corporation$47.2B
  8. Ameriprise Financial, Inc.$45.8B
  9. Ares Management Corporation$45.2B
  10. Raymond James Financial, Inc.$32.4B
  11. Northern Trust Corporation$32.3B
  12. Principal Financial Group, Inc.$24.9B
  13. T. Rowe Price Group, Inc.$24.0B
  14. Pershing Square Inc.$21.1B
  15. TPG Inc.$19.3B

The remaining 15 Asset Management companies are named and ranked in the scorecard.

How many Asset Management companies are listed in the US?

90 Asset Management companies in the Asset Management industry group (every listed company) have a page on Sector Alpha, by market value as of 4 November 2026, and all 90 are listed below, largest first. The largest is BlackRock, Inc. ($198.6 billion) and the smallest with a market value is Sound Point Meridian Capital, Inc.

Every Asset Management company with a page, largest first
CompanyMarket value
1. BlackRock, Inc. BLK$198.6 billion
2. Blackstone Inc. BX$156.2 billion
3. Brookfield Corporation BN$96.2 billion
4. KKR & Co. Inc. KKR$90.9 billion
5. Brookfield Asset Management Ltd. BAM$86.5 billion
6. Apollo Global Management, Inc. APO$72.5 billion
7. State Street Corporation STT$47.2 billion
8. Ameriprise Financial, Inc. AMP$45.8 billion
9. Ares Management Corporation ARES$45.2 billion
10. Raymond James Financial, Inc. RJF$32.4 billion
11. Northern Trust Corporation NTRS$32.3 billion
12. Principal Financial Group, Inc. PFG$24.9 billion
13. T. Rowe Price Group, Inc. TROW$24 billion
14. Pershing Square Inc. PS$21.1 billion
15. TPG Inc. TPG$19.3 billion
16. Franklin Resources, Inc. BEN$17.2 billion
17. Blue Owl Capital Inc. OWL$16.7 billion
18. Corebridge Financial, Inc. CRBG$16.2 billion
19. The Carlyle Group Inc. CG$15.2 billion
20. Equitable Holdings, Inc. EQH$15.1 billion
21. Ares Capital Corporation ARCC$14.1 billion
22. Invesco Ltd. IVZ$12.9 billion
23. SEI Investments Company SEIC$12.9 billion
24. Affiliated Managers Group, Inc. AMG$9.4 billion
25. Janus Henderson Group plc JHG$8 billion
26. Victory Capital Holdings, Inc. VCTR$7.4 billion
27. StepStone Group Inc. STEP$5.6 billion
28. Blackstone Secured Lending Fund BXSL$5.6 billion
29. Main Street Capital Corporation MAIN$5.4 billion
30. Blue Owl Capital Corporation OBDC$5.3 billion
31. Hamilton Lane Incorporated HLNE$5.3 billion
32. HA Sustainable Infrastructure Capital, Inc. HASI$5.2 billion
33. Maase Inc. MAAS$4.9 billion
34. Federated Hermes, Inc. FHI$4.6 billion
35. Blue Owl Technology Finance Corp. OTF$4.5 billion
36. Cohen & Steers, Inc. CNS$3.9 billion
37. Golub Capital BDC, Inc. GBDC$3.4 billion
38. Artisan Partners Asset Management Inc. APAM$3.3 billion
39. Acadian Asset Management Inc. AAMI$3.3 billion
40. FS KKR Capital Corp. FSK$3.2 billion
41. Hercules Capital, Inc. HTGC$3.1 billion
42. DigitalBridge Group, Inc. DBRG$3 billion
43. WisdomTree, Inc. WT$3 billion
44. Sprott Inc. SII$2.9 billion
45. GCM Grosvenor Inc. GCMG$2.6 billion
46. Strive, Inc. ASST$2 billion
47. Trinity Capital Inc. TRIN$1.7 billion
48. Sixth Street Specialty Lending, Inc. TSLX$1.7 billion
49. Central Securities Corporation CET$1.7 billion
50. Capital Southwest Corporation CSWC$1.6 billion
51. Patria Investments Limited PAX$1.6 billion
52. Morgan Stanley Direct Lending Fund MSDL$1.2 billion
53. Oaktree Specialty Lending Corporation OCSL$1.1 billion
54. Ridgepost Capital, Inc RPC$1.1 billion
55. Goldman Sachs BDC, Inc. GSBD$1 billion
56. Tortoise Energy Infrastructure Corporation TYG$960 million
57. Barings BDC, Inc. BBDC$933 million
58. ASA Gold and Precious Metals Limited ASA$917 million
59. Burford Capital Limited BUR$913 million
60. Virtus Investment Partners, Inc. VRTS$854 million
61. MidCap Financial Investment Corporation MFIC$851 million
62. Fidus Investment Corporation FDUS$783 million
63. Prospect Capital Corporation PSEC$769 million
64. Carlyle Secured Lending, Inc. CGBD$760 million
65. Bain Capital Specialty Finance, Inc. BCSF$729 million
66. PennantPark Floating Rate Capital Ltd. PFLT$693 million
67. New Mountain Finance Corporation NMFC$671 million
68. SLR Investment Corp. SLRC$654 million
69. Gladstone Investment Corporation GAIN$613 million
70. OIO Group OIO$606 million
71. Vinci Compass Investments Ltd. VINP$576 million
72. MSC Income Fund, Inc. MSIF$560 million
73. Noah Holdings Limited NOAH$485 million
74. Gladstone Capital Corporation GLAD$445 million
75. AlTi Global, Inc. ALTI$404 million
76. BlackRock TCP Capital Corp. TCPC$367 million
77. Crescent Capital BDC, Inc. CCAP$355 million
78. Eagle Point Credit Company ECC$350 million
79. CION Investment Corporation CION$347 million
80. Kingsway Corporation KWY$290 million
81. Runway Growth Finance Corp. RWAY$275 million
82. Horizon Technology Finance Corporation HRZN$270 million
83. Saratoga Investment Corp. SAR$216 million
84. PennantPark Investment Corporation PNNT$211 million
85. Chicago Atlantic BDC, Inc. LIEN$210 million
86. Stellus Capital Investment Corporation SCM$207 million
87. Eagle Point Income Company Inc. EIC$203 million
88. TriplePoint Venture Growth BDC Corp. TPVG$190 million
89. Neostellar Capital Corp. NSLR$161 million
90. Sound Point Meridian Capital, Inc. SPMC$131 million

Download all 90 Asset Management companies (CSV)

How has Asset Management moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this industry is 33% behind S&P 500. Earnings across its companies fell 4% on average over the last four reported quarters.

Basing · +-5 joined ~

Price down, no fundamental support. 8 of 96 companies ahead of S&P 500 by 5% or more over three months. 9 are 20% or more behind over a year while earnings grew 20% or more.

Not ahead of S&P 500 on the three-month view this week; 50 of the 93 companies in the industry index above their 200-day average (22 more than four weeks earlier); 8 of those 96 ahead of S&P 500 by 5% or more over three months (5 fewer than four weeks earlier); earnings rising at 43 of the 87 that report earnings.

Not ahead of S&P 500 yet, but −5 more stocks joined in four weeks, 13 → 8 of 96. Earnings mixed, 43 of 87 members have higher trailing twelve-month earnings than a year ago.

1Y

Asset Management against S&P 500

Both lines start at 200 in the first week shown

  • Asset Management 198
  • S&P 500 228
Asset Management against S&P 500
Week endingAsset ManagementS&P 500
14 Nov 2025200200
21 Nov 2025199196
28 Nov 2025206203
5 Dec 2025210204
12 Dec 2025211203
19 Dec 2025209203
26 Dec 2025211205
2 Jan 2026211203
9 Jan 2026215207
16 Jan 2026218206
23 Jan 2026216205
30 Jan 2026213206
6 Feb 2026205206
13 Feb 2026204203
20 Feb 2026200205
27 Feb 2026194204
6 Mar 2026191200
13 Mar 2026183197
20 Mar 2026183193
27 Mar 2026179189
3 Apr 2026185195
10 Apr 2026188202
17 Apr 2026203211
24 Apr 2026197213
1 May 2026202215
8 May 2026202220
15 May 2026197220
22 May 2026195222
29 May 2026197225
5 Jun 2026193220
12 Jun 2026197221
19 Jun 2026194222
26 Jun 2026189217
3 Jul 2026195222
10 Jul 2026196225
17 Jul 2026196221
24 Jul 2026192220
31 Jul 2026194222
7 Aug 2026207230
14 Aug 2026210231
21 Aug 2026208228
28 Aug 2026210229
4 Sep 2026208229
11 Sep 2026203227
18 Sep 2026200227
25 Sep 2026197230
2 Oct 2026194229
9 Oct 2026192232
16 Oct 2026187227
23 Oct 2026187226
30 Oct 2026191225
6 Nov 2026198228

3Y

Asset Management against S&P 500

Both lines start at 200 in the first week shown, every 2nd week shown

  • Asset Management 265
  • S&P 500 340
Asset Management against S&P 500
Week endingAsset ManagementS&P 500
17 Nov 2023200200
24 Nov 2023202202
8 Dec 2023208204
22 Dec 2023222210
5 Jan 2024219208
19 Jan 2024221214
2 Feb 2024223219
16 Feb 2024230222
1 Mar 2024230228
15 Mar 2024229226
29 Mar 2024240232
12 Apr 2024232227
26 Apr 2024233226
10 May 2024239231
24 May 2024243235
7 Jun 2024234237
21 Jun 2024235242
5 Jul 2024236246
19 Jul 2024246244
2 Aug 2024236236
16 Aug 2024242246
30 Aug 2024247250
13 Sep 2024247249
27 Sep 2024259254
11 Oct 2024266257
25 Oct 2024273257
8 Nov 2024280265
22 Nov 2024286264
6 Dec 2024287270
20 Dec 2024274262
3 Jan 2025278263
17 Jan 2025280265
31 Jan 2025288267
14 Feb 2025282271
28 Feb 2025277264
14 Mar 2025255250
28 Mar 2025258247
11 Apr 2025235237
25 Apr 2025249244
9 May 2025260250
23 May 2025264257
6 Jun 2025271266
20 Jun 2025268264
4 Jul 2025287277
18 Jul 2025293278
1 Aug 2025280276
15 Aug 2025289285
29 Aug 2025294286
12 Sep 2025294292
26 Sep 2025283294
10 Oct 2025266290
24 Oct 2025272300
7 Nov 2025273298
21 Nov 2025267292
5 Dec 2025282304
19 Dec 2025280302
2 Jan 2026283303
16 Jan 2026292307
30 Jan 2026286307
13 Feb 2026274302
27 Feb 2026260304
13 Mar 2026246294
27 Mar 2026241281
10 Apr 2026252301
24 Apr 2026265317
8 May 2026271327
22 May 2026261331
5 Jun 2026259327
19 Jun 2026261331
3 Jul 2026262330
17 Jul 2026263330
31 Jul 2026260331
14 Aug 2026281344
28 Aug 2026282341
11 Sep 2026273339
25 Sep 2026265342
9 Oct 2026258345
23 Oct 2026252337
6 Nov 2026265340

5Y

Asset Management against S&P 500

Both lines start at 200 in the first week shown, every 4th week shown

  • Asset Management 215
  • S&P 500 327
Asset Management against S&P 500
Week endingAsset ManagementS&P 500
19 Nov 2021200200
10 Dec 2021193201
7 Jan 2022191199
4 Feb 2022183191
4 Mar 2022173184
1 Apr 2022182193
29 Apr 2022159176
27 May 2022165177
24 Jun 2022152166
22 Jul 2022152169
19 Aug 2022164180
16 Sep 2022153164
14 Oct 2022135153
11 Nov 2022165170
9 Dec 2022156168
6 Jan 2023155166
3 Feb 2023173176
3 Mar 2023167172
31 Mar 2023154175
28 Apr 2023155177
26 May 2023150179
23 Jun 2023153185
21 Jul 2023168193
18 Aug 2023160186
15 Sep 2023166189
13 Oct 2023155184
10 Nov 2023156188
8 Dec 2023169196
5 Jan 2024177200
2 Feb 2024181211
1 Mar 2024187219
29 Mar 2024194223
26 Apr 2024189217
24 May 2024197226
21 Jun 2024190232
19 Jul 2024199234
16 Aug 2024196236
13 Sep 2024200240
11 Oct 2024215247
8 Nov 2024227255
6 Dec 2024232259
3 Jan 2025225252
31 Jan 2025234257
28 Feb 2025224253
28 Mar 2025209237
25 Apr 2025202235
23 May 2025214247
20 Jun 2025217253
18 Jul 2025237268
15 Aug 2025234274
12 Sep 2025238280
10 Oct 2025215279
7 Nov 2025222286
5 Dec 2025229292
2 Jan 2026229291
30 Jan 2026232295
27 Feb 2026211293
27 Mar 2026195270
24 Apr 2026215305
22 May 2026212318
19 Jun 2026211319
17 Jul 2026214317
14 Aug 2026228331
11 Sep 2026221326
9 Oct 2026209332
6 Nov 2026215327

Earnings, each company rebased to 100, the sector takes the median

Latest quarter April to June 2026: 51.8, from 77 companies

Earnings, each company rebased to 100, the sector takes the median
QuarterMedian earnings index
Jan 2022100.0 (72 companies)
Apr 202275.8 (74 companies)
Jul 202268.2 (74 companies)
Oct 202257.6 (77 companies)
Jan 202353.1 (76 companies)
Apr 202370.0 (77 companies)
Jul 202373.9 (77 companies)
Oct 202383.1 (78 companies)
Jan 202485.2 (77 companies)
Apr 202481.4 (78 companies)
Jul 202483.6 (77 companies)
Oct 202478.5 (78 companies)
Jan 202574.4 (77 companies)
Apr 202578.6 (78 companies)
Jul 202576.2 (77 companies)
Oct 202574.5 (78 companies)
Jan 202655.9 (77 companies)
Apr 202651.8 (77 companies)

Both lines start at 200 in the same week, so the gap between them tells the story: the industry line is an equal-weighted index of its 96 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the industry taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Is Asset Management outperforming S&P 500?

Asset Management has done worse than the S&P 500 by 2% over the last 52 weeks. Over 13 weeks the gap is a lead of 1.5%. Victory Capital Holdings, Inc. is the strongest against the sector itself at +29.6%.

+1.5%Sector vs S&P 500 · 13 weeks
−2.0%Sector vs S&P 500 · 52 weeks
14 of 30Stocks leading S&P 500
11 of 30Stocks leading the sector

What is the bottom line on Asset Management?

Asset Management has done worse than the S&P 500 by 2% over 52 weeks, but is 1.5% ahead over the last 13 weeks. 14 of 30 companies we track are beating the S&P 500 on relative strength (how a share price has done against the index over recent months) (2 have no relative-strength reading yet), and 11 of the 28 with a long enough price history are ahead of the industry itself.

How does each Asset Management stock score?

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Growth & earnings · 35% Capital efficiency · 25% Valuation · 20% Relative strength · 20%

Victory Capital Holdings, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 76% evidence confidence.

  1. 1Victory Capital Holdings, Inc.VCTR · leader · favourable · 76% evidence69.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.2/35 · Income 51.4% · PAT 33.2% · 71% evidenceCapital efficiency 18.8/25 · ROA 10.6% · ROE 18.8% · GNPA — · 68% evidenceValuation 13.1/20 · P/BV 2.21× · P/BV÷ROE 0.12 · 70% evidenceRelative strength 15.4/20 · RS sector 29.6% · RS bench 33.6% · 1Y 96.4% · 100% evidence · 12 of 12 weeks aheadExact sum: 22.2 + 18.8 + 13.1 + 15.4 = 69.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  2. 2Northern Trust CorporationNTRS · quiet · favourable · 80% evidence67.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.6/35 · Income 17.6% · PAT 41.8% · 81% evidenceCapital efficiency 16.2/25 · ROA 1.8% · ROE 24% · GNPA — · 68% evidenceValuation 14.6/20 · P/BV 2.32× · P/BV÷ROE 0.1 · 70% evidenceRelative strength 10.3/20 · RS sector 1.7% · RS bench 4.7% · 1Y 37% · 100% evidence · 4 of 12 weeks aheadExact sum: 26.6 + 16.2 + 14.6 + 10.3 = 67.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  3. 3Blackstone Inc.BX · basing · favourable · 80% evidence65.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.6/35 · Income 20.9% · PAT 31.3% · 81% evidenceCapital efficiency 20.1/25 · ROA 19.2% · ROE 43% · GNPA — · 68% evidenceValuation 14.0/20 · P/BV 4.27× · P/BV÷ROE 0.1 · 70% evidenceRelative strength 5.2/20 · RS sector −10.8% · RS bench −8.9% · 1Y −13.9% · 100% evidence · 3 of 12 weeks aheadExact sum: 26.6 + 20.1 + 14 + 5.2 = 65.9 · What this means: Earnings are strong; relative strength in its sector is −10.8% and the one-year return is −13.9%.
  4. 4Equitable Holdings, Inc.EQH · leader · favourable · 67% evidence65.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.9/35 · Income −22.5% · PAT −344.3% · 45% evidenceCapital efficiency 13.0/25 · ROA 0.8% · ROE 144.8% · GNPA — · 68% evidenceValuation 14.8/20 · P/BV 10.1× · P/BV÷ROE 0.07 · 70% evidenceRelative strength 19.7/20 · RS sector 11.2% · RS bench 14.1% · 1Y 24% · 100% evidence · 12 of 12 weeks aheadExact sum: 17.9 + 13 + 14.8 + 19.7 = 65.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5Franklin Resources, Inc.BEN · turning · mixed, leaning good · 76% evidence64.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.5/35 · Income 7.9% · PAT 100% · 71% evidenceCapital efficiency 13.3/25 · ROA 3% · ROE 9.6% · GNPA — · 68% evidenceValuation 13.2/20 · P/BV 1.2× · P/BV÷ROE 0.13 · 70% evidenceRelative strength 13.2/20 · RS sector 6.7% · RS bench 10% · 1Y 52.4% · 100% evidence · 3 of 12 weeks aheadExact sum: 24.5 + 13.3 + 13.2 + 13.2 = 64.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6BlackRock, Inc.BLK · breaking out · mixed, leaning good · 80% evidence62.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.1/35 · Income 24.7% · PAT 13.4% · 81% evidenceCapital efficiency 15.6/25 · ROA 3.6% · ROE 12.8% · GNPA — · 68% evidenceValuation 8.3/20 · P/BV 2.54× · P/BV÷ROE 0.2 · 70% evidenceRelative strength 17.8/20 · RS sector 4.8% · RS bench 7.6% · 1Y 13.1% · 100% evidence · 5 of 12 weeks aheadExact sum: 21.1 + 15.6 + 8.3 + 17.8 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7State Street CorporationSTT · quiet · mixed, leaning good · 80% evidence62.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 23.3/35 · Income 13.7% · PAT 25.1% · 81% evidenceCapital efficiency 13.2/25 · ROA 1.1% · ROE 15.5% · GNPA — · 68% evidenceValuation 14.3/20 · P/BV 1.67× · P/BV÷ROE 0.11 · 70% evidenceRelative strength 11.3/20 · RS sector 4% · RS bench 7.1% · 1Y 46.5% · 100% evidence · 5 of 12 weeks aheadExact sum: 23.3 + 13.2 + 14.3 + 11.3 = 62.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8SEI Investments CompanySEIC · fading · mixed, leaning good · 80% evidence60.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.4/35 · Income 12.8% · PAT 1.7% · 81% evidenceCapital efficiency 19.8/25 · ROA 14.9% · ROE 28.5% · GNPA — · 68% evidenceValuation 10.3/20 · P/BV 4.28× · P/BV÷ROE 0.15 · 70% evidenceRelative strength 15.1/20 · RS sector 9% · RS bench 12.1% · 1Y 31% · 100% evidence · 8 of 12 weeks aheadExact sum: 15.4 + 19.8 + 10.3 + 15.1 = 60.6 · What this means: Relative strength against the index is 12.1%, and revenue and profit growth are weak.
  9. 9T. Rowe Price Group, Inc.TROW · quiet · mixed, leaning good · 76% evidence58.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.8/35 · Income 7% · PAT 9.1% · 71% evidenceCapital efficiency 18.3/25 · ROA 12% · ROE 16.2% · GNPA — · 68% evidenceValuation 12.9/20 · P/BV 2× · P/BV÷ROE 0.12 · 70% evidenceRelative strength 10.5/20 · RS sector −0.9% · RS bench 1.8% · 1Y 9.7% · 100% evidence · 1 of 12 weeks aheadExact sum: 16.8 + 18.3 + 12.9 + 10.5 = 58.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  10. 10Brookfield Asset Management Ltd.BAM · turning · mixed, leaning good · 76% evidence58.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.0/35 · Income 31.9% · PAT 15.3% · 71% evidenceCapital efficiency 19.3/25 · ROA 12.3% · ROE 21.8% · GNPA — · 68% evidenceValuation 5.1/20 · P/BV 6.03× · P/BV÷ROE 0.28 · 70% evidenceRelative strength 15.0/20 · RS sector 1.4% · RS bench 3.9% · 1Y 2.1% · 100% evidence · 3 of 12 weeks aheadExact sum: 19 + 19.3 + 5.1 + 15 = 58.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value.
  11. 11Ameriprise Financial, Inc.AMP · quiet · mixed, leaning good · 76% evidence58.2out of 100GrowthCapitalValuationRelative
  12. 12Ares Management CorporationARES · turning · mixed, leaning good · 76% evidence56.7out of 100GrowthCapitalValuationRelative
  13. 13Affiliated Managers Group, Inc.AMG · quiet · mixed, leaning good · 76% evidence56.7out of 100GrowthCapitalValuationRelative
  14. 14Corebridge Financial, Inc.CRBG · leader · provisional · 55% evidence55.9out of 100GrowthCapitalValuationRelative
  15. 15Principal Financial Group, Inc.PFG · turning · mixed, leaning good · 76% evidence55.3out of 100GrowthCapitalValuationRelative
  16. 16Raymond James Financial, Inc.RJF · basing · mixed, leaning weak · 76% evidence49.2out of 100GrowthCapitalValuationRelative
  17. 17Invesco Ltd.IVZ · quiet · mixed, leaning weak · 67% evidence47.0out of 100GrowthCapitalValuationRelative
  18. 18Brookfield CorporationBN · basing · mixed, leaning weak · 76% evidence45.6out of 100GrowthCapitalValuationRelative
  19. 19TPG Inc.TPG · turning · mixed, leaning weak · 64% evidence44.0out of 100GrowthCapitalValuationRelative
  20. 20Blue Owl Capital Inc.OWL · quiet · mixed, leaning weak · 76% evidence43.4out of 100GrowthCapitalValuationRelative
  21. 21Main Street Capital CorporationMAIN · basing · mixed, leaning weak · 76% evidence37.6out of 100GrowthCapitalValuationRelative
  22. 22KKR & Co. Inc.KKR · basing · mixed, leaning weak · 76% evidence37.0out of 100GrowthCapitalValuationRelative
  23. 23Ares Capital CorporationARCC · basing · mixed, leaning weak · 76% evidence35.3out of 100GrowthCapitalValuationRelative
  24. 24StepStone Group Inc.STEP · turning · weak · 67% evidence33.5out of 100GrowthCapitalValuationRelative
  25. 25Blue Owl Capital CorporationOBDC · basing · weak · 64% evidence31.3out of 100GrowthCapitalValuationRelative
  26. 26Apollo Global Management, Inc.APO · basing · weak · 64% evidence31.1out of 100GrowthCapitalValuationRelative
  27. 27Blackstone Secured Lending FundBXSL · quiet · weak · 76% evidence30.6out of 100GrowthCapitalValuationRelative
  28. 28The Carlyle Group Inc.CG · basing · weak · 64% evidence22.9out of 100GrowthCapitalValuationRelative

Ranked last: too little evidence (2 companies)

Under 60% of the evidence behind these scores is available, so they rank after every company above, whatever the score.

  1. 29Janus Henderson Group plcJHG · provisional · 43% evidence73.7out of 100GrowthCapitalValuationRelative
  2. 30Pershing Square Inc.PS · breaking out · provisional · 35% evidence51.1out of 100GrowthCapitalValuationRelative
How this score is built, and what the marks mean

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

How have Asset Management share prices moved?

Victory Capital Holdings, Inc. has the strongest one-year price move in Asset Management at +96.4%. It also leads on relative strength against the S&P 500, at +33.6%. 14 of 30 companies we track are ahead of the index on that measure (2 have no relative-strength reading yet). Every line covers 314 weekly closes through 4 November 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs S&P 500: How far ahead of or behind S&P 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS S&P 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Asset Management itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

1Y

Price of the 5 strongest one-year movers, each started at 100

52 weekly closes

  • Victory Capital 190
  • Franklin Resources, Inc. 153
  • State Street Corporation 148
  • Principal Financial 139
  • Affiliated Managers 141
  • S&P 500 114
Price of the 5 strongest one-year movers, each started at 100
Week endingVictory CapitalFranklin Resources, Inc.State Street CorporationPrincipal FinancialAffiliated ManagersS&P 500
14 Nov 2025100100100100100100
21 Nov 202510098981009998
28 Nov 202599102102100104102
5 Dec 2025101106106104106102
12 Dec 2025100106109107107102
19 Dec 202599108110105108101
26 Dec 2025102109113106115103
2 Jan 2026101107111106112102
9 Jan 2026109116114107119103
16 Jan 2026107117110105126103
23 Jan 2026107114108108124103
30 Jan 2026111120112112121103
6 Feb 2026113123113115118103
13 Feb 2026118122110107128102
20 Feb 2026119125110113111103
27 Feb 2026109120110113119102
6 Mar 2026110118104109111100
13 Mar 202610510910410210599
20 Mar 202610810610410110897
27 Mar 202610310310510310494
3 Apr 20269910611010710398
10 Apr 2026107112119109111101
17 Apr 2026117123125114114106
24 Apr 2026117122129118111106
1 May 2026123135130120113107
8 May 2026135140128119117110
15 May 2026135144131119114110
22 May 2026136140132123117111
29 May 2026134140133123117113
5 Jun 2026138141138125130110
12 Jun 2026134145144132137110
19 Jun 2026137149144130137111
26 Jun 2026132150144128132109
3 Jul 2026139154146131133111
10 Jul 2026146151154133142112
17 Jul 2026156147156135143111
24 Jul 2026154147159130139110
31 Jul 2026156153158135142111
7 Aug 2026171152158134143115
14 Aug 2026187153164135145116
21 Aug 2026183155160131138114
28 Aug 2026187156166132144115
4 Sep 2026180157166138143115
11 Sep 2026174152166138138114
18 Sep 2026168149157139138113
25 Sep 2026172149155136145115
2 Oct 2026179148151133144115
9 Oct 2026178144150127150116
16 Oct 2026172140142129149114
23 Oct 2026170140144129148113
30 Oct 2026175143145132148113
6 Nov 2026190153148139141114

3Y

Price of the 5 strongest one-year movers, each started at 100

156 weekly closes, every 2nd shown

  • Victory Capital 371
  • Franklin Resources, Inc. 140
  • State Street Corporation 247
  • Principal Financial 162
  • Affiliated Managers 267
  • S&P 500 170
Price of the 5 strongest one-year movers, each started at 100
Week endingVictory CapitalFranklin Resources, Inc.State Street CorporationPrincipal FinancialAffiliated ManagersS&P 500
17 Nov 2023100100100100100100
24 Nov 20231009810010098101
8 Dec 2023101105105104102102
22 Dec 2023106122110109111105
5 Jan 2024103119111111110104
19 Jan 2024108115108108112107
2 Feb 2024106111105108110110
16 Feb 2024113112103110115111
1 Mar 2024119113105110115114
15 Mar 2024124111103114118113
29 Mar 2024131116110119123116
12 Apr 2024133105108110119113
26 Apr 2024159103105109117113
10 May 202415098109116116116
24 May 202416796107113118117
7 Jun 202415394107109114119
21 Jun 202414994103110115121
5 Jul 202414791105108113123
19 Jul 202415997120117123122
2 Aug 202414690115104124118
16 Aug 202416394116107126123
30 Aug 202416883124112127125
13 Sep 202416082119112124125
27 Sep 202417186126119129127
11 Oct 202418083128123138129
25 Oct 202418284129115140129
8 Nov 202420487135118136133
22 Nov 202421191139118138132
6 Dec 202420990140116135135
20 Dec 202420284140107134131
3 Jan 202520484139107138131
17 Jan 202520481139113137133
31 Jan 202520492145114138134
14 Feb 202521385141118125135
28 Feb 202519883141123125132
14 Mar 202517980124114120125
28 Mar 202517779127115123123
11 Apr 202517074113100116118
25 Apr 202517877125101119122
9 May 202518386134109131125
23 May 202518989137106128129
6 Jun 202520090141106134133
20 Jun 202519294142106135132
4 Jul 2025201103157112148139
18 Jul 2025213101155112154139
1 Aug 202520699155104152138
15 Aug 2025220104158107160143
29 Aug 2025220106164111165143
12 Sep 2025212102160114173146
26 Sep 202520396165114175147
10 Oct 202520493158110169145
24 Oct 202519694165110176150
7 Nov 202518992169114190149
21 Nov 202519589163116188146
5 Dec 202519796176121200152
19 Dec 202519499183123205151
2 Jan 202619898184123212152
16 Jan 2026210107182122239153
30 Jan 2026218110186131229154
13 Feb 2026231111182125242151
27 Feb 2026214109183132224152
13 Mar 202620699173118199147
27 Mar 202620194175120197141
10 Apr 2026209103199127209151
24 Apr 2026230112215137211158
8 May 2026263128213139222164
22 May 2026265128219143221165
5 Jun 2026270129230145247164
19 Jun 2026269136240151259166
3 Jul 2026271141243153253165
17 Jul 2026304134260157271165
31 Jul 2026306140262157269166
14 Aug 2026365140273157274172
28 Aug 2026365143275154272171
11 Sep 2026340139276160261170
25 Sep 2026336136258158274171
9 Oct 2026347132249148284173
23 Oct 2026332128239150281169
6 Nov 2026371140247162267170

5Y

Price of the 5 strongest one-year movers, each started at 100

260 weekly closes, every 4th shown

  • Victory Capital 355
  • Franklin Resources, Inc. 98
  • State Street Corporation 183
  • Principal Financial 166
  • Affiliated Managers 209
  • S&P 500 164
Price of the 5 strongest one-year movers, each started at 100
Week endingVictory CapitalFranklin Resources, Inc.State Street CorporationPrincipal FinancialAffiliated ManagersS&P 500
19 Nov 2021100100100100100100
10 Dec 2021102989910295100
7 Jan 20221011011071089499
4 Feb 2022100901041068496
4 Mar 2022938185957492
1 Apr 20228681911048397
29 Apr 2022807171967288
27 May 20228479771037789
24 Jun 2022787370977183
22 Jul 2022747372906984
19 Aug 20228480761107990
16 Sep 20228070741097082
14 Oct 20227863651086676
11 Nov 20229579861348885
9 Dec 20228277831248984
6 Jan 20238282851239583
3 Feb 202393969613010288
3 Mar 20239685951249286
31 Mar 20238778801058287
28 Apr 20239078761058389
26 May 2023927172968290
23 Jun 20239174751028292
21 Jul 202310185741189396
18 Aug 20239976721087693
15 Sep 20239876761097795
13 Oct 2023916568987292
10 Nov 2023916671987694
8 Dec 20239774781068098
5 Jan 202498838311486100
2 Feb 2024101787811086105
1 Mar 2024114797811390109
29 Mar 2024125818212296112
26 Apr 2024152727811292108
24 May 2024160678011692113
21 Jun 2024143667611390116
19 Jul 2024152688912096117
16 Aug 2024156668610999118
13 Sep 2024154578811597120
11 Oct 20241725895126108124
8 Nov 202419561100121106128
6 Dec 202420063104119106130
3 Jan 202519559103110108126
31 Jan 202519664107116108128
28 Feb 20251895810512698127
28 Mar 2025170569411796119
25 Apr 2025171549210493117
23 May 202518162101109100124
20 Jun 202518466105108106127
18 Jul 202520471115114121134
15 Aug 202521173117110126137
12 Sep 202520371119117136140
10 Oct 202519565117112133139
7 Nov 202518164125117149143
5 Dec 202518868131124157146
2 Jan 202618969136126166146
30 Jan 202620877138134180148
27 Feb 202620477136135176146
27 Mar 202619366129123154135
24 Apr 202622078159140165152
22 May 202625489163147173159
19 Jun 202625795178155203159
17 Jul 202629194193161212159
14 Aug 202634998202161215166
11 Sep 202632697204164204163
9 Oct 202633292185151222166
6 Nov 202635598183166209164

The companies with the strongest one-year price moves are drawn. The S&P 500 line is dashed.

Biggest one-year moves

  1. 1Victory Capital Holdings, Inc.VCTR · $7.4B+96.4%1 year
  2. 2Franklin Resources, Inc.BEN · $17.2B+52.4%1 year
  3. 3State Street CorporationSTT · $47.2B+46.5%1 year
  4. 4Principal Financial Group, Inc.PFG · $24.9B+41.6%1 year
  5. 5Affiliated Managers Group, Inc.AMG · $9.4B+40.6%1 year

Strongest against S&P 500

  1. 1Victory Capital Holdings, Inc.VCTR · $7.4B+33.6%vs S&P 500
  2. 2Equitable Holdings, Inc.EQH · $15.1B+14.1%vs S&P 500
  3. 3Corebridge Financial, Inc.CRBG · $16.2B+13.5%vs S&P 500
  4. 4SEI Investments CompanySEIC · $12.9B+12.1%vs S&P 500
  5. 5Franklin Resources, Inc.BEN · $17.2B+10.0%vs S&P 500

Strongest against the sector itself

  1. 1Victory Capital Holdings, Inc.VCTR · $7.4B+29.6%vs sector
  2. 2Equitable Holdings, Inc.EQH · $15.1B+11.2%vs sector
  3. 3Corebridge Financial, Inc.CRBG · $16.2B+10.7%vs sector
  4. 4SEI Investments CompanySEIC · $12.9B+9.0%vs sector
  5. 5Franklin Resources, Inc.BEN · $17.2B+6.7%vs sector

Which Asset Management companies earn the most income, and which grow fastest?

Brookfield Corporation has the highest Income among the 30 Asset Management companies compared here, at $80,692 million. Apollo Global Management, Inc. is next at $35,598 million. Pershing Square Inc. has the highest Income growth at 68.6%, so level and change sit with different companies. 30 of 30 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Brookfield Corporation is the largest at $80,692 million, 126.7% ahead of Apollo Global Management, Inc. Pershing Square Inc.'s growth is 68.6% from a $769 million base, with 10 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

Brookfield Corporation · $80,692 millionLeader
126.7% versus #2 · Apollo Global Management, Inc.Gap
3/8 recent comparable periodsPersistence
30/30 companies · 565 observationsCoverage

What this means: Brookfield Corporation is the size to compare against; Pershing Square Inc. is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Brookfield Corporation's growth falls below Pershing Square Inc.'s for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

Income · company comparison

Income, by reported quarter

  • Brookfield Corporation $20.1B
  • Apollo Global Management, Inc. $11.1B
  • BlackRock, Inc. $7.8B
  • KKR & Co. Inc. $6.7B
  • Ameriprise Financial, Inc. $5.0B
Income, by reported quarter
QuarterBrookfield CorporationApollo Global Management, Inc.BlackRock, Inc.KKR & Co. Inc.Ameriprise Financial, Inc.
Dec 2021$22.4B$1.2B$5.1B$4.1B$3.8B
Mar 2022$22.7B$830M$4.7B$2.6B$3.6B
Jun 2022$23.8B$2.3B$4.5B−$1.4B$3.5B
Sep 2022$24.4B$2.9B$4.3B$1.8B$3.5B
Dec 2022$24.5B$4.8B$4.3B$2.5B$3.7B
Mar 2023$23.7B$5.3B$4.2B$3.2B$3.8B
Jun 2023$24.1B$13.7B$4.5B$4.5B$4.0B
Sep 2023$25.3B$2.0B$4.5B$5.1B$4.1B
Dec 2023$24.9B$11.0B$4.6B$5.9B$4.2B
Mar 2024$23.6B$7.0B$4.7B$10.6B$4.3B
Jun 2024$23.9B$6.0B$4.8B$5.1B$4.4B
Sep 2024$20.8B$7.7B$5.2B$6.3B$4.6B
Dec 2024$20.5B$5.2B$5.7B$4.5B$4.6B
Mar 2025$18.5B$5.5B$5.3B$4.5B$4.5B
Jun 2025$18.6B$6.8B$5.4B$6.2B$4.5B
Sep 2025$19.5B$9.8B$6.5B$7.1B$4.9B
Dec 2025$21.2B$9.8B$7.0B$7.9B$5.0B
Mar 2026$19.9B$5.0B$6.7B$4.2B$4.9B
Jun 2026$20.1B$11.1B$7.1B$6.7B$5.0B
Sep 2026——$7.8B——

Income growth, by reported quarter

  • Brookfield Corporation 8.5%
  • Apollo Global Management, Inc. 64%
  • BlackRock, Inc. 19%
  • KKR & Co. Inc. 7.8%
  • Ameriprise Financial, Inc. 12%
Income growth, by reported quarter
QuarterBrookfield CorporationApollo Global Management, Inc.BlackRock, Inc.KKR & Co. Inc.Ameriprise Financial, Inc.
Dec 2021—————
Mar 2022—————
Jun 202230%63%−6.1%−145%2.1%
Sep 202222%183%−15%−73%20%
Dec 20229.2%314%−15%−40%−1.1%
Mar 20234.4%535%−9.7%24%6.0%
Jun 20231.1%506%−1.4%—15%
Sep 20233.7%−32%4.9%175%16%
Dec 20231.9%129%6.8%137%12%
Mar 2024−0.6%33%11%230%12%
Jun 2024−0.8%−56%7.7%12%9.6%
Sep 2024−18%285%15%24%12%
Dec 2024−18%−53%23%−24%12%
Mar 2025−22%−21%12%−58%3.6%
Jun 2025−22%13%13%22%2.2%
Sep 2025−6.5%26%25%13%7.3%
Dec 20253.5%88%23%76%8.6%
Mar 20267.9%−9.2%27%−6.6%9.0%
Jun 20268.5%64%31%7.8%12%
Sep 2026——19%——

30 of 30 companies report income, 30 of 30 income growth. On every company-comparison chart on this page the five leaders are drawn, level and change on separate charts, and a missing report breaks the line rather than being invented. The income growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

Income · largest

Income growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Income, every company
CompanyIncomeIncome growthReported
Brookfield Corporation BN$20.1B8.5%Jun 2026
Apollo Global Management, Inc. APO$11.1B64%Jun 2026
BlackRock, Inc. BLK$7.8B19%Sep 2026
KKR & Co. Inc. KKR$6.7B7.8%Jun 2026
Ameriprise Financial, Inc. AMP$5.0B12%Jun 2026
State Street Corporation STT$4.0B13%Sep 2026
Corebridge Financial, Inc. CRBG$4.0B26%Jun 2026
Raymond James Financial, Inc. RJF$3.9B15%Jun 2026
Principal Financial Group, Inc. PFG$3.9B6.4%Jun 2026
Blackstone Inc. BX$2.9B−0.6%Sep 2026
Franklin Resources, Inc. BEN$2.4B14%Jun 2026
Northern Trust Corporation NTRS$2.3B12%Sep 2026
T. Rowe Price Group, Inc. TROW$1.9B11%Jun 2026
Invesco Ltd. IVZ$1.8B20%Jun 2026
Brookfield Asset Management Ltd. BAM$1.8B61%Jun 2026
TPG Inc. TPG$1.7B110%Jun 2026
Equitable Holdings, Inc. EQH$1.7B−30%Jun 2026
Ares Management Corporation ARES$1.3B9.6%Jun 2026
The Carlyle Group Inc. CG$922M−33%Jun 2026
Ares Capital Corporation ARCC$768M3.1%Jun 2026
Blue Owl Capital Inc. OWL$753M7.1%Jun 2026
Janus Henderson Group plc JHG$690M11%Mar 2026
SEI Investments Company SEIC$662M14%Sep 2026
Affiliated Managers Group, Inc. AMG$641M30%Jun 2026
Victory Capital Holdings, Inc. VCTR$435M24%Jun 2026
Blue Owl Capital Corporation OBDC$401M−17%Jun 2026
StepStone Group Inc. STEP$379M4.1%Jun 2026
Blackstone Secured Lending Fund BXSL$320M−7.3%Jun 2026
Main Street Capital Corporation MAIN$150M4.2%Jun 2026
Pershing Square Inc. PS$54M1.9%Jun 2026

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

What to watch

Watch the next two reported quarters for growth persistence, margin conversion and whether the leader is gaining share without stretching working capital.

Which Asset Management companies earn the most profit?

BlackRock, Inc. has the highest Net profit among the 30 Asset Management companies compared here, at $6,912 million. Ameriprise Financial, Inc. is next at $3,948 million. Franklin Resources, Inc. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: BlackRock, Inc. earns the most, $6,912 million of profit over the last 12 months, 75.1% above Ameriprise Financial, Inc. Franklin Resources, Inc. shows at least 100% on the scoring scale (180.7% in full) growth from a profit base of $758 million. A fast rate from a small base matters less than a large profit that keeps coming.

BlackRock, Inc. · $6,912 millionLeader
75.1% versus #2 · Ameriprise Financial, Inc.Gap
5/8 recent comparable periodsPersistence
30/30 companies · 565 observationsCoverage

What this means: BlackRock, Inc. sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

Net profit · company comparison

Net profit, by reported quarter

  • BlackRock, Inc. $1.7B
  • Ameriprise Financial, Inc. $1.1B
  • Blackstone Inc. $662M
  • State Street Corporation $1.0B
  • KKR & Co. Inc. $660M
Net profit, by reported quarter
QuarterBlackRock, Inc.Ameriprise Financial, Inc.Blackstone Inc.State Street CorporationKKR & Co. Inc.
Dec 2021$1.6B$701M$1.4B$662M$508M
Mar 2022$1.4B$825M$1.2B$583M−$10M
Jun 2022$1.1B$614M−$29M$712M−$735M
Sep 2022$1.4B$1.1B$2M$669M$33M
Dec 2022$1.3B$649M$558M$696M$121M
Mar 2023$1.2B$417M$86M$525M$323M
Jun 2023$1.4B$890M$601M$726M$844M
Sep 2023$1.6B$872M$552M$398M$1.5B
Dec 2023$1.4B$377M$152M$172M$1.0B
Mar 2024$1.6B$990M$847M$418M$682M
Jun 2024$1.5B$829M$444M$655M$668M
Sep 2024$1.6B$511M$781M$682M$601M
Dec 2024$1.7B$1.1B$704M$728M$1.1B
Mar 2025$1.5B$583M$615M$597M−$199M
Jun 2025$1.6B$1.1B$764M$630M$472M
Sep 2025$1.3B$912M$625M$802M$860M
Dec 2025$1.1B$1.0B$1.0B$688M$1.1B
Mar 2026$2.2B$915M$650M$705M$365M
Jun 2026$1.9B$1.1B$1.2B$1.0B$660M
Sep 2026$1.7B—$662M$1.0B—

Profit growth, by reported quarter

  • BlackRock, Inc. 25%
  • Ameriprise Financial, Inc. 5.0%
  • Blackstone Inc. 5.9%
  • State Street Corporation 28%
  • KKR & Co. Inc. 40%
Profit growth, by reported quarter
QuarterBlackRock, Inc.Ameriprise Financial, Inc.Blackstone Inc.State Street CorporationKKR & Co. Inc.
Dec 2021—————
Mar 2022—————
Jun 2022−30%3.9%−101%−6.7%−117%
Sep 2022−16%2.9%−100%−6.3%−97%
Dec 2022−23%−7.4%−60%5.1%−76%
Mar 2023−19%−49%−93%−10.0%—
Jun 202327%45%—2.0%—
Sep 202314%−18%—−41%4,364%
Dec 20239.2%−42%−73%−75%760%
Mar 202436%137%885%−20%111%
Jun 20249.4%−6.9%−26%−9.8%−21%
Sep 20241.7%−41%41%71%−59%
Dec 202421%184%363%323%8.3%
Mar 2025−4.0%−41%−27%43%−129%
Jun 20256.6%28%72%−3.8%−29%
Sep 2025−19%78%−20%18%43%
Dec 2025−33%−5.9%44%−5.5%−3.0%
Mar 202646%57%5.7%18%—
Jun 202620%5.0%61%63%40%
Sep 202625%—5.9%28%—

30 of 30 companies report net profit, 25 of 30 profit growth. The profit growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Net profit, every company
CompanyNet profitProfit growthReported
BlackRock, Inc. BLK$1.7B25%Sep 2026
Apollo Global Management, Inc. APO$1.3B121%Jun 2026
Ameriprise Financial, Inc. AMP$1.1B5.0%Jun 2026
State Street Corporation STT$1.0B28%Sep 2026
Brookfield Asset Management Ltd. BAM$904M46%Jun 2026
Blackstone Inc. BX$662M5.9%Sep 2026
KKR & Co. Inc. KKR$660M40%Jun 2026
Northern Trust Corporation NTRS$622M42%Sep 2026
T. Rowe Price Group, Inc. TROW$616M25%Jun 2026
Raymond James Financial, Inc. RJF$594M37%Jun 2026
Principal Financial Group, Inc. PFG$403M−0.7%Jun 2026
Invesco Ltd. IVZ$345M35%Jun 2026
Brookfield Corporation BN$322M40%Jun 2026
Affiliated Managers Group, Inc. AMG$186M121%Jun 2026
Ares Capital Corporation ARCC$171M−53%Jun 2026
SEI Investments Company SEIC$168M2.4%Sep 2026
Franklin Resources, Inc. BEN$160M103%Jun 2026
Main Street Capital Corporation MAIN$148M20%Jun 2026
The Carlyle Group Inc. CG$137M−57%Jun 2026
Ares Management Corporation ARES$112M11%Jun 2026
Victory Capital Holdings, Inc. VCTR$105M128%Jun 2026
Janus Henderson Group plc JHG$89M−25%Mar 2026
TPG Inc. TPG$73M1,725%Jun 2026
Blue Owl Capital Corporation OBDC$66M−52%Jun 2026
Blue Owl Capital Inc. OWL$11M−35%Jun 2026
Blackstone Secured Lending Fund BXSL$9M−94%Jun 2026
Corebridge Financial, Inc. CRBG$2M−64%Jun 2026
Pershing Square Inc. PS−$43M−279%Jun 2026
StepStone Group Inc. STEP−$116M−2,133%Jun 2026
Equitable Holdings, Inc. EQH−$466M1,139%Jun 2026

What to watch

Watch whether the next two comparable periods confirm the current profit growth rather than reversing it.

Which Asset Management companies have the most deposits?

State Street Corporation has the highest Deposits among the 30 Asset Management companies compared here, at $311,651 million. Northern Trust Corporation is next at $132,177 million. Brookfield Corporation has the highest Borrowings at $268,913 million, so level and change sit with different companies. 3 of 30 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: State Street Corporation leads deposits at $311,651 million; Brookfield Corporation leads borrowings at $268,913 million.

State Street Corporation · $311,651 millionLeader
135.8% versus #2 · Northern Trust CorporationGap
8/8 recent comparable periodsPersistence
3/30 companies · 40 observationsCoverage

What this means: State Street Corporation sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.

Funding base · company comparison

Deposits, by reported quarter

  • State Street Corporation $311.7B
  • Northern Trust Corporation $132.2B
Deposits, by reported quarter
QuarterState Street CorporationNorthern Trust Corporation
Dec 2021$255.0B$159.9B
Mar 2022$251.0B$149.6B
Jun 2022$241.9B$133.7B
Sep 2022$238.2B$128.5B
Dec 2022$235.5B$123.9B
Mar 2023$223.6B$113.7B
Jun 2023$222.3B$113.2B
Sep 2023$213.0B$110.2B
Dec 2023$221.0B$116.2B
Mar 2024$251.9B$123.9B
Jun 2024$239.2B$123.0B
Sep 2024$247.4B$121.2B
Dec 2024$261.9B$122.5B
Mar 2025$272.1B$131.0B
Jun 2025$283.0B$137.1B
Sep 2025$280.0B$135.8B
Dec 2025$274.4B$142.8B
Mar 2026$293.3B$139.7B
Jun 2026$319.5B$145.6B
Sep 2026$311.7B$132.2B

Borrowings, by reported quarter

  • State Street Corporation $26.4B
  • Northern Trust Corporation $16.0B
  • Ameriprise Financial, Inc. $4.3B
Borrowings, by reported quarter
QuarterState Street CorporationNorthern Trust CorporationAmeriprise Financial, Inc.
Dec 2021$24.9B$9.3B$3.8B
Mar 2022$31.2B$8.3B$2.8B
Jun 2022$22.5B$10.1B$3.5B
Sep 2022$30.4B$16.7B$3.6B
Dec 2022$32.7B$17.3B$3.7B
Mar 2023$34.8B$22.2B$4.1B
Jun 2023$40.4B$28.7B$4.1B
Sep 2023$27.0B$20.6B$4.3B
Dec 2023$44.0B$19.4B$4.2B
Mar 2024$51.9B$17.2B$3.9B
Jun 2024$53.1B$17.7B$4.0B
Sep 2024$54.6B$18.5B$3.9B
Dec 2024$57.7B$17.6B$3.7B
Mar 2025$64.7B$17.9B$4.0B
Jun 2025$53.6B$18.8B$3.5B
Sep 2025$54.2B$16.7B$3.5B
Dec 2025$55.9B$18.3B$3.8B
Mar 2026$60.4B$17.4B$3.5B
Jun 2026$57.4B$16.3B$4.3B
Sep 2026$26.4B$16.0B—

3 of 30 companies report deposits, 30 of 30 borrowings.

Deposits · largest deposit bases

Borrowings · largest borrowings

All-company data · latest reported quarter

Funding base, every company
CompanyDepositsBorrowingsReported
State Street Corporation STT$311.7B$26.4BSep 2026
Northern Trust Corporation NTRS$132.2B$16.0BSep 2026
BlackRock, Inc. BLK—$15.0BSep 2026
Blackstone Inc. BX—$14.2BSep 2026
Brookfield Corporation BN—$268.9BJun 2026
KKR & Co. Inc. KKR—$56.2BJun 2026
Brookfield Asset Management Ltd. BAM—$4.1BJun 2026
Apollo Global Management, Inc. APO—$41.9BJun 2026
Ameriprise Financial, Inc. AMP—$4.3BJun 2026
Ares Management Corporation ARES—$14.9BJun 2026
Raymond James Financial, Inc. RJF—$6.1BJun 2026
Principal Financial Group, Inc. PFG—$4.6BJun 2026
T. Rowe Price Group, Inc. TROW—$451MJun 2026
Pershing Square Inc. PS—$253MJun 2026
TPG Inc. TPG—$3.1BJun 2026
Franklin Resources, Inc. BEN—$3.6BJun 2026
Blue Owl Capital Inc. OWL—$4.3BJun 2026
Corebridge Financial, Inc. CRBG—$14.5BJun 2026
The Carlyle Group Inc. CG—$14.3BJun 2026
Equitable Holdings, Inc. EQH—$7.2BJun 2026
Ares Capital Corporation ARCC—$15.9BJun 2026
Invesco Ltd. IVZ—$1.6BJun 2026
SEI Investments Company SEIC—$46MSep 2026
Affiliated Managers Group, Inc. AMG—$3.2BJun 2026
Janus Henderson Group plc JHG—$396MMar 2026
Victory Capital Holdings, Inc. VCTR—$1.0BJun 2026
StepStone Group Inc. STEP—$1.6BJun 2026
Blackstone Secured Lending Fund BXSL—$7.5BJun 2026
Main Street Capital Corporation MAIN—$2.5BJun 2026
Blue Owl Capital Corporation OBDC—$7.9BJun 2026

Deposit scale can lower funding risk, while rising wholesale borrowings can change cost and liquidity. Asset quality and margins decide whether the funding base creates value.

What to watch

Watch deposit growth, funding cost, liquidity coverage, credit growth and gross NPA together.

Which Asset Management companies earn the most on their assets?

Blackstone Inc. has the highest ROA among the 30 Asset Management companies compared here, at 19.2%. Janus Henderson Group plc is next at 15.3%. Janus Henderson Group plc has the highest ROA change at +8.4 percentage points, so level and change sit with different companies. 30 of 30 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Blackstone Inc. leads roa at 19.2%; Janus Henderson Group plc leads roa change at +8.4 percentage points.

Blackstone Inc. · 19.2%Leader
25.5% versus #2 · Janus Henderson Group plcGap
5/8 recent comparable periodsPersistence
30/30 companies · 551 observationsCoverage

What this means: Blackstone Inc. sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

Return on assets · company comparison

ROA, by reported quarter

  • Blackstone Inc. 19%
  • Janus Henderson Group plc 15%
  • SEI Investments Company 15%
  • Brookfield Asset Management 12%
  • T. Rowe Price Group, Inc. 12%
ROA, by reported quarter
QuarterBlackstone Inc.Janus Henderson Group plcSEI Investments CompanyBrookfield Asset ManagementT. Rowe Price Group, Inc.
Dec 2021—9.3%——22%
Mar 202229%8.8%16%0.8%19%
Jun 202224%6.0%23%4.7%17%
Sep 2022−2.4%5.4%13%6.4%12%
Dec 20220.0%4.6%5.6%4.5%12%
Mar 20237.2%4.2%10%11%4.6%
Jun 20232.0%4.0%11%12%9.1%
Sep 202312%4.6%12%11%10%
Dec 20238.8%4.8%12%10%12%
Mar 20241.1%5.6%11%13%7.2%
Jun 202416%4.7%13%9.3%12%
Sep 20249.4%6.3%13%9.8%11%
Dec 202415%5.8%14%12%12%
Mar 202512%6.9%14%12%9.9%
Jun 202511%5.5%15%13%11%
Sep 202514%5.6%14%9.4%8.4%
Dec 202511%5.9%15%12%12%
Mar 202617%15%13%14%11%
Jun 202611%—15%12%12%
Sep 202619%—15%——

ROA change, by reported quarter

  • Blackstone Inc. +4.8 pp
  • Janus Henderson Group plc +8.4 pp
  • SEI Investments Company +0.6 pp
  • Brookfield Asset Management −0.4 pp
  • T. Rowe Price Group, Inc. +1.1 pp
ROA change, by reported quarter
QuarterBlackstone Inc.Janus Henderson Group plcSEI Investments CompanyBrookfield Asset ManagementT. Rowe Price Group, Inc.
Dec 2021—————
Mar 2022—————
Jun 2022—————
Sep 2022—————
Dec 2022—−4.7 pp——−10.4 pp
Mar 2023−22.1 pp−4.6 pp−5.8 pp+10.0 pp−14.1 pp
Jun 2023−21.6 pp−2.0 pp−11.9 pp+7.4 pp−7.6 pp
Sep 2023+14.0 pp−0.8 pp−0.5 pp+5.0 pp−1.5 pp
Dec 2023+8.8 pp+0.2 pp+5.9 pp+5.9 pp0.0 pp
Mar 2024−6.1 pp+1.4 pp+0.8 pp+1.8 pp+2.6 pp
Jun 2024+14.0 pp+0.7 pp+2.2 pp−2.8 pp+2.6 pp
Sep 2024−2.2 pp+1.7 pp+1.3 pp−1.6 pp+0.6 pp
Dec 2024+6.3 pp+1.0 pp+2.3 pp+1.7 pp+0.2 pp
Mar 2025+11.3 pp+1.3 pp+2.7 pp−1.1 pp+2.7 pp
Jun 2025−5.1 pp+0.8 pp+2.0 pp+3.4 pp−0.8 pp
Sep 2025+5.0 pp−0.7 pp+0.9 pp−0.4 pp−2.5 pp
Dec 2025−4.3 pp+0.1 pp+0.8 pp−0.4 pp−0.1 pp
Mar 2026+4.4 pp+8.4 pp−0.5 pp+2.6 pp+0.8 pp
Jun 2026−0.4 pp—−0.5 pp−0.4 pp+1.1 pp
Sep 2026+4.8 pp—+0.6 pp——

30 of 30 companies report ROA, 30 of 30 ROA change.

ROA · highest

ROA change · fastest improvers

All-company data · latest reported quarter

Return on assets, every company
CompanyROAROA changeReported
Blackstone Inc. BX19%+4.8 ppSep 2026
Janus Henderson Group plc JHG15%+8.4 ppMar 2026
SEI Investments Company SEIC15%+0.6 ppSep 2026
Brookfield Asset Management Ltd. BAM12%−0.4 ppJun 2026
T. Rowe Price Group, Inc. TROW12%+1.1 ppJun 2026
Victory Capital Holdings, Inc. VCTR11%+0.1 ppJun 2026
Main Street Capital Corporation MAIN5.3%−0.5 ppJun 2026
Ares Capital Corporation ARCC5.0%+0.1 ppJun 2026
Blackstone Secured Lending Fund BXSL4.9%−0.3 ppJun 2026
Blue Owl Capital Corporation OBDC4.5%−1.0 ppJun 2026
Blue Owl Capital Inc. OWL4.3%0.0 ppJun 2026
BlackRock, Inc. BLK3.6%+0.4 ppSep 2026
Ares Management Corporation ARES3.6%+1.7 ppJun 2026
Pershing Square Inc. PS3.2%—Jun 2026
Affiliated Managers Group, Inc. AMG3.2%−1.1 ppJun 2026
Invesco Ltd. IVZ3.1%+0.6 ppJun 2026
Franklin Resources, Inc. BEN3.0%+1.2 ppJun 2026
Brookfield Corporation BN2.8%+0.3 ppJun 2026
Ameriprise Financial, Inc. AMP2.4%+0.3 ppJun 2026
Raymond James Financial, Inc. RJF2.4%0.0 ppJun 2026
Northern Trust Corporation NTRS1.8%+0.8 ppSep 2026
State Street Corporation STT1.1%+0.4 ppSep 2026
Equitable Holdings, Inc. EQH0.8%+0.6 ppJun 2026
Principal Financial Group, Inc. PFG0.4%+0.3 ppJun 2026
KKR & Co. Inc. KKR0.3%−0.4 ppJun 2026
Corebridge Financial, Inc. CRBG0.2%+0.3 ppJun 2026
StepStone Group Inc. STEP−0.8%−0.5 ppJun 2026
Apollo Global Management, Inc. APO−1.2%−2.2 ppJun 2026
The Carlyle Group Inc. CG−1.9%−4.6 ppJun 2026
TPG Inc. TPG−3.7%−6.9 ppJun 2026

What to watch

Watch whether the next two comparable periods confirm the current roa change rather than reversing it.

Which Asset Management companies earn the most on shareholders' money?

Equitable Holdings, Inc. has the highest ROE among the 30 Asset Management companies compared here, at 144.8%. Ameriprise Financial, Inc. is next at 57.4%. The same company also has the highest ROE change, at +129.9 percentage points. 30 of 30 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Equitable Holdings, Inc. leads both roe at 144.8% and roe change at +129.9 percentage points.

Equitable Holdings, Inc. · 144.8%Leader
152.3% versus #2 · Ameriprise Financial, Inc.Gap
2/8 recent comparable periodsPersistence
30/30 companies · 553 observationsCoverage

What this means: Equitable Holdings, Inc. sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

ROE shows the return to shareholders, but should be read with asset quality and leverage.

Return on equity · company comparison

ROE, by reported quarter

  • Equitable Holdings, Inc. 145%
  • Ameriprise Financial, Inc. 57%
  • Blackstone Inc. 43%
  • Janus Henderson Group plc 29%
  • SEI Investments Company 29%
ROE, by reported quarter
QuarterEquitable Holdings, Inc.Ameriprise Financial, Inc.Blackstone Inc.Janus Henderson Group plcSEI Investments Company
Dec 202123%72%—17%—
Mar 202212%48%55%10%31%
Jun 202220%60%46%7.1%40%
Sep 202247%53%−4.7%−0.4%23%
Dec 202241%112%0.1%9.5%13%
Mar 202313%74%15%7.2%23%
Jun 202322%42%4.4%8.2%22%
Sep 202356%87%26%8.3%24%
Dec 202394%88%19%7.2%23%
Mar 2024−52%35%2.4%12%23%
Jun 202416%82%35%12%24%
Sep 202449%67%20%11%25%
Dec 20242.1%38%33%4.0%27%
Mar 202583%78%27%9.5%27%
Jun 202515%44%25%8.9%27%
Sep 2025−30%74%32%13%40%
Dec 2025−198%58%23%13%28%
Mar 202667%62%37%29%27%
Jun 2026145%57%23%—26%
Sep 2026——43%—29%

ROE change, by reported quarter

  • Equitable Holdings, Inc. +129.9 pp
  • Ameriprise Financial, Inc. +13.6 pp
  • Blackstone Inc. +11.2 pp
  • Janus Henderson Group plc +19.4 pp
  • SEI Investments Company −11.0 pp
ROE change, by reported quarter
QuarterEquitable Holdings, Inc.Ameriprise Financial, Inc.Blackstone Inc.Janus Henderson Group plcSEI Investments Company
Dec 2021—————
Mar 2022—————
Jun 2022—————
Sep 2022—————
Dec 2022+18.4 pp+39.9 pp—−7.2 pp—
Mar 2023+1.1 pp+25.4 pp−40.1 pp−3.2 pp−8.3 pp
Jun 2023+1.6 pp−18.3 pp−41.1 pp+1.1 pp−18.1 pp
Sep 2023+9.0 pp+33.9 pp+30.2 pp+8.7 pp+0.6 pp
Dec 2023+52.1 pp−24.1 pp+19.3 pp−2.3 pp+9.7 pp
Mar 2024−64.5 pp−38.2 pp−12.7 pp+4.9 pp−0.2 pp
Jun 2024−6.2 pp+40.4 pp+30.5 pp+3.6 pp+2.3 pp
Sep 2024−7.0 pp−19.4 pp−5.1 pp+2.9 pp+1.2 pp
Dec 2024−91.4 pp−50.0 pp+13.4 pp−3.2 pp+4.4 pp
Mar 2025+134.6 pp+43.0 pp+24.9 pp−2.6 pp+4.2 pp
Jun 2025−0.9 pp−38.6 pp−10.3 pp−2.9 pp+3.0 pp
Sep 2025−79.4 pp+6.5 pp+11.4 pp+2.2 pp+14.8 pp
Dec 2025−200.0 pp+20.0 pp−9.5 pp+8.8 pp+0.8 pp
Mar 2026−16.1 pp−16.3 pp+9.2 pp+19.4 pp+0.1 pp
Jun 2026+129.9 pp+13.6 pp−1.4 pp—−1.0 pp
Sep 2026——+11.2 pp—−11.0 pp

30 of 30 companies report ROE, 30 of 30 ROE change. The ROE change chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

ROE · highest

ROE change · fastest improvers

All-company data · latest reported quarter

Return on equity, every company
CompanyROEROE changeReported
Equitable Holdings, Inc. EQH145%+129.9 ppJun 2026
Ameriprise Financial, Inc. AMP57%+13.6 ppJun 2026
Blackstone Inc. BX43%+11.2 ppSep 2026
Janus Henderson Group plc JHG29%+19.4 ppMar 2026
SEI Investments Company SEIC29%−11.0 ppSep 2026
Northern Trust Corporation NTRS24%+10.9 ppSep 2026
Brookfield Asset Management Ltd. BAM22%+3.4 ppJun 2026
Victory Capital Holdings, Inc. VCTR19%−3.1 ppJun 2026
Raymond James Financial, Inc. RJF17%+0.9 ppJun 2026
T. Rowe Price Group, Inc. TROW16%−1.4 ppJun 2026
State Street Corporation STT16%+5.2 ppSep 2026
Affiliated Managers Group, Inc. AMG14%+4.8 ppJun 2026
Principal Financial Group, Inc. PFG13%+11.1 ppJun 2026
BlackRock, Inc. BLK13%−0.3 ppSep 2026
Ares Management Corporation ARES12%+5.8 ppJun 2026
Franklin Resources, Inc. BEN9.6%+9.3 ppJun 2026
Invesco Ltd. IVZ6.7%−0.1 ppJun 2026
Main Street Capital Corporation MAIN6.4%−10.1 ppJun 2026
Blue Owl Capital Inc. OWL5.4%+3.0 ppJun 2026
StepStone Group Inc. STEP3.8%+0.8 ppJun 2026
Ares Capital Corporation ARCC2.6%−4.5 ppJun 2026
Brookfield Corporation BN2.5%+2.0 ppJun 2026
Blackstone Secured Lending Fund BXSL1.6%−8.1 ppJun 2026
KKR & Co. Inc. KKR1.4%−2.8 ppJun 2026
Blue Owl Capital Corporation OBDC−1.3%−15.5 ppJun 2026
Corebridge Financial, Inc. CRBG−1.9%+19.0 ppJun 2026
The Carlyle Group Inc. CG−7.9%−17.9 ppJun 2026
TPG Inc. TPG−13%−22.4 ppJun 2026
Apollo Global Management, Inc. APO−14%−25.6 ppJun 2026
Pershing Square Inc. PS−65%−72.8 ppJun 2026

What to watch

Watch whether the next two comparable periods confirm the current roe change rather than reversing it.

Which Asset Management companies have the fewest bad loans?

No company in this Asset Management comparison reports gross NPA on a comparable basis, so there is nothing to rank here, 0 of 30 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Sep 2026.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

How are Asset Management stocks valued against growth and quality?

Janus Henderson Group plc has the lowest P/BV ÷ ROE among the 30 Asset Management companies compared here, at 0.05×. Equitable Holdings, Inc. is next at 0.07×. Brookfield Corporation has the lowest P/BV at 0.57×, so level and change sit with different companies. 24 of 30 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Janus Henderson Group plc has the lowest comparable P/BV ÷ ROE at 0.05×, 28.6% below Equitable Holdings, Inc. That would need today's multiple, the company's own history and steady growth to agree.

Janus Henderson Group plc · 0.05×Leader
28.6% versus #2 · Equitable Holdings, Inc.Gap
0/8 recent comparable periodsPersistence
24/30 companies · 491 observationsCoverage

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Banks are compared on P/BV and P/BV÷ROE, not PEG. A lower figure is better only if loan quality and returns stay strong; a low price against book value while bad loans are rising is not a good sign by itself.

Valuation · company comparison

P/BV ÷ ROE, by reported quarter

  • Janus Henderson Group plc 0.1
  • Equitable Holdings, Inc. 0.1
  • Blackstone Inc. 0.1
  • Northern Trust Corporation 0.1
  • Ameriprise Financial, Inc. 0.1
P/BV ÷ ROE, by reported quarter
QuarterJanus Henderson Group plcEquitable Holdings, Inc.Blackstone Inc.Northern Trust CorporationAmeriprise Financial, Inc.
Dec 20210.10.0——0.1
Mar 20220.10.10.10.20.1
Jun 20220.10.10.10.10.1
Sep 2022—0.0—0.10.2
Dec 20220.10.128.00.10.1
Mar 20230.10.10.20.30.1
Jun 20230.10.10.80.10.2
Sep 20230.10.00.20.10.1
Dec 20230.10.00.30.10.1
Mar 20240.1—2.30.40.3
Jun 20240.10.20.10.20.1
Sep 20240.10.00.30.10.1
Dec 20240.32.00.20.10.3
Mar 20250.10.00.20.10.1
Jun 20250.10.40.20.20.2
Sep 20250.1—0.20.20.1
Dec 20250.1—0.20.10.1
Mar 20260.10.10.10.10.1
Jun 2026—0.10.20.20.1
Sep 2026——0.10.1—

P/BV, by reported quarter

  • Janus Henderson Group plc 1.4×
  • Equitable Holdings, Inc. 10.1×
  • Blackstone Inc. 4.3×
  • Northern Trust Corporation 2.3×
  • Ameriprise Financial, Inc. 6.5×
P/BV, by reported quarter
QuarterJanus Henderson Group plcEquitable Holdings, Inc.Blackstone Inc.Northern Trust CorporationAmeriprise Financial, Inc.
Dec 20211.5×1.0×4.3×2.1×5.7×
Mar 20221.3×1.2×4.2×2.1×6.6×
Jun 20220.7×1.4×3.1×1.8×6.1×
Sep 20220.8×1.9×3.2×1.6×8.4×
Dec 20220.9×3.0×2.8×1.6×8.7×
Mar 20230.9×1.5×3.5×1.6×7.8×
Jun 20230.9×1.7×3.6×1.3×8.5×
Sep 20230.9×2.5×4.3×1.2×8.9×
Dec 20231.0×2.2×5.5×1.5×8.1×
Mar 20241.1×2.6×5.4×1.5×9.0×
Jun 20241.1×3.0×5.0×1.4×8.5×
Sep 20241.2×2.2×6.0×1.4×8.1×
Dec 20241.3×4.2×6.8×1.6×9.9×
Mar 20251.1×3.6×5.4×1.5×8.6×
Jun 20251.1×5.8×5.5×1.9×8.4×
Sep 20251.2×7.8×6.3×2.0×7.2×
Dec 20251.2×7.6×5.5×2.0×7.0×
Mar 20261.4×4.6×4.2×2.0×6.5×
Jun 2026—10.1×4.1×2.4×6.5×
Sep 2026——4.3×2.3×—

24 of 30 companies report P/BV ÷ ROE, 30 of 30 P/BV.

P/BV ÷ ROE · lowest return-adjusted price

P/BV · lowest P/BV

All-company data · latest reported quarter

Valuation, every company
CompanyP/BV ÷ ROEP/BVReported
KKR & Co. Inc. KKR0.71.0×Jun 2026
StepStone Group Inc. STEP0.72.7×Jun 2026
Blackstone Secured Lending Fund BXSL0.60.9×Jun 2026
Ares Capital Corporation ARCC0.41.0×Jun 2026
Brookfield Asset Management Ltd. BAM0.36.0×Jun 2026
Ares Management Corporation ARES0.22.9×Jun 2026
Main Street Capital Corporation MAIN0.21.5×Jun 2026
Brookfield Corporation BN0.20.6×Jun 2026
BlackRock, Inc. BLK0.22.5×Sep 2026
Blue Owl Capital Inc. OWL0.21.1×Jun 2026
Affiliated Managers Group, Inc. AMG0.22.1×Jun 2026
SEI Investments Company SEIC0.24.3×Sep 2026
Apollo Global Management, Inc. APO0.11.6×Jun 2026
Principal Financial Group, Inc. PFG0.11.8×Jun 2026
Raymond James Financial, Inc. RJF0.12.3×Jun 2026
Franklin Resources, Inc. BEN0.11.2×Jun 2026
Invesco Ltd. IVZ0.10.9×Jun 2026
T. Rowe Price Group, Inc. TROW0.12.0×Jun 2026
The Carlyle Group Inc. CG0.12.1×Jun 2026
Victory Capital Holdings, Inc. VCTR0.12.2×Jun 2026
Blue Owl Capital Corporation OBDC0.10.8×Jun 2026
State Street Corporation STT0.11.7×Sep 2026
Ameriprise Financial, Inc. AMP0.16.5×Jun 2026
Blackstone Inc. BX0.14.3×Sep 2026
Northern Trust Corporation NTRS0.12.3×Sep 2026
Equitable Holdings, Inc. EQH0.110.1×Jun 2026
TPG Inc. TPG0.11.7×Jun 2026
Janus Henderson Group plc JHG0.11.4×Mar 2026
Corebridge Financial, Inc. CRBG0.01.1×Jun 2026
Pershing Square Inc. PS—9.3×Jun 2026

What to watch

Watch whether the next two comparable periods confirm the current p/bv rather than reversing it.

What can make this comparison misleading?

This Asset Management comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 30 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 1 of the 7 ranked sections has fewer than three usable current readings.

Keep these limits visible

  • A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
  • A high ROE can come from heavy borrowing. It is best read beside ROA and loan quality.
  • The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
  • Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
  • Thin comparisons: Asset quality have fewer than three usable current readings.

How was this comparison built?

This comparison is built from the reported filings of 30 Asset Management companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 4 November 2026.

FundamentalsThrough Sep 2026 · up to 20 quarters per company
Market dataThrough 4 November 2026 · weekly price and relative-strength history
Derived metricsGrowth, changes and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and old evidence lowers confidence and pulls the 0 to 100 score toward the middle.

What else do people ask about Asset Management stocks?

These 23 answers restate the Asset Management comparison above in question form. Every one is computed from the same 30 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 4 November 2026. Nothing here is estimated, and none of it is a recommendation.

Is the Asset Management sector outperforming S&P 500?

Asset Management has done worse than the S&P 500 by 2% over 52 weeks, but is 1.5% ahead over the last 13 weeks.

14 of 30 companies we track are beating the S&P 500 on relative strength (how a share price has done against the index over recent months) (2 have no relative-strength reading yet), and 11 of the 28 with a long enough price history are ahead of the industry itself.

Which Asset Management company is largest by income?

Brookfield Corporation leads with income of $80,692 million, based on 30 of 30 comparable companies through Jun 2026.

Which Asset Management company is growing fastest?

Pershing Square Inc. has the fastest current income growth at 68.6%, across 30 of 30 comparable companies.

Which Asset Management company has the strongest 4-Factor Sector Score?

Victory Capital Holdings, Inc. ranks first at 69.5 out of 100, with 76% of the evidence available. The score ranks published data; it is not a recommendation.

Which Asset Management company has the largest deposit base?

State Street Corporation has the largest reported deposit base at $311,651 million. For a bank, borrowing is how it funds its loans, not a sign of risky debt.

Which Asset Management company has the lowest comparable P/BV-to-ROE?

Janus Henderson Group plc has the lowest comparable P/BV ÷ ROE at 0.05, among 24 of 30 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Asset Management comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Sep 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four parts add up directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or old evidence moves only that part toward the middle.

Which Asset Management company is the biggest?

Brookfield Corporation is the largest, with income of $80,692 million over the last 12 months, ahead of Apollo Global Management, Inc. at $35,598 million. That covers 30 of 30 companies with comparable reporting through Jun 2026.

Which Asset Management company makes the most profit?

BlackRock, Inc. earns the most, at $6,912 million of net profit over the last 12 months, from 30 of 30 comparable companies.

Franklin Resources, Inc. has the fastest profit growth at the 100% cap of the scoring scale, though growth off a small or recovering profit base overstates how much has actually changed.

Which Asset Management company earns the highest return on capital?

Blackstone Inc. leads on return on assets at 19.2%, across 30 of 30 companies. A high return that repeats for years shows a lasting business, while a single high reading can come from a small capital base or one good year.

Which Asset Management stock has the lowest price-to-book against its return on equity?

On price-to-book divided by return on equity (where a lower number means a lower price for what the company earns), Janus Henderson Group plc has the lowest at 0.05×.

Only 24 of 30 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a ranking of the whole industry. A low multiple is a reason to look closer at the business, not a conclusion on its own.

Which Asset Management lender has the largest funding base?

State Street Corporation has the largest reported deposit base at $311,651 million. For lenders, deposits and borrowings are operating inputs rather than leverage, so they are read against asset quality and returns instead of as debt.

Is the Asset Management sector beating the market?

Asset Management has done worse than the S&P 500 by 2% over the last 52 weeks, but is 1.5% ahead over the last 13 weeks, measured on an equal-weight index of its current members.

Inside the sector, 14 of the 30 companies we track are beating the market on their own (2 have no relative-strength reading yet). Sector strength does not transfer evenly to every stock in it.

Which Asset Management stock has the strongest price momentum?

Victory Capital Holdings, Inc. has the strongest relative strength against the S&P 500, meaning its share price has done best against the index. A price can move well before the business results back it up, and sometimes without them.

Which Asset Management company has the highest 4-Factor score?

Victory Capital Holdings, Inc. scores 69.5 out of 100, with 76% of the evidence available, from 22.2 points on growth and earnings, 18.8 on capital efficiency, 13.1 on valuation and 15.4 on relative strength.

It ranks published data only; management quality, upcoming events and risks are not part of the score.

How many Asset Management companies does this comparison cover, and over what period?

This comparison covers 30 listed companies over up to 20 reported quarters of fundamentals, ending Sep 2026, plus weekly price and relative-strength history. Membership is the full sector list, nothing is dropped for having thin data.

What is the total market cap of the Asset Management sector?

The 30 Asset Management companies on this page carry $1,160,064 million of combined market value. BlackRock, Inc. is the largest at $198,606 million, about 17% of the sector's total on its own. Market value moves with price, so this reading is dated 4 November 2026.

What is the Asset Management sector's P/B ratio?

The median price-to-book ratio across the 30 Asset Management companies on this page is 2×, measured on the 30 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past.

Figures are as of 4 November 2026.

How is the Asset Management sector performing?

14 of the 30 Asset Management companies we track are doing better than the S&P 500 on relative strength (how a share price has done against the index over recent months) (2 have no relative-strength reading yet).

The sector itself is 2% behind S&P 500 over 52 weeks on an equal-weight index of its current members.

How many Asset Management stocks are listed in the US?

This comparison covers 30 listed Asset Management companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Sep 2026. Membership is the full industry list, nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing figures are never estimated, copied forward or swapped for a similar-looking line, and a company with missing evidence has its score pulled toward the middle rather than scored as bad.

Is this advice?

No, every figure here is worked out by code from company filings and market data, for research. It does not account for your situation and is not a substitute for advice from a registered adviser.

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