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Acadian Asset Management

AAMI
56
Asset Management · Financial Services
Winston Score
56
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Exceptional
Growth
Good
Cash Flow
Weak
Stability
Good
Valuation
Good
Dividends
Good

Winston Score History

The full picture

Acadian Asset Management is an investment firm that manages money on behalf of large clients like pension funds, endowments, and sovereign wealth funds. The company specializes in quantitative investing, meaning it uses computer models and data analysis — rather than human gut instinct — to decide which stocks and other assets to buy and sell. It operates primarily in global equity markets, managing diversified portfolios across dozens of countries.

Acadian earns revenue mainly through management fees, which are a percentage of the assets it oversees, giving it a relatively stable and recurring income stream. The firm operates globally, serving institutional clients across North America, Europe, and Asia-Pacific. Its main competitive advantage is its proprietary quantitative research platform, which is expensive and time-consuming for rivals to replicate. The key risk is that sustained underperformance of its models versus benchmarks could trigger client withdrawals, shrinking the asset base that drives its fees.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+50.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+175.0% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

0.6%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~7 months

$112M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Acadian Asset Management grew revenue 51% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
95.7%
Premium pricing power — 95.7% gross margin
Profit after running costs
Operating Margin
20.6%
Excellent — 20.6% operating margin
Return on the money invested
ROCE
67.2%
Exceptional — 67.2% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+31.3%
Fast-growing sales (+31.3% YoY)
Profit growth
EPS YoY
+17.4%
Earnings growing fast (+17.4% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
4%
Weak — only 4% of profit becomes cash
Spare cash per sale
FCF Margin
-1.3%
Burning cash (-1.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
2.17
Heavy debt load (2.17)
Covers its interest
Interest Cover
10.55x
Comfortably covers interest (10.5x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
32.5x
no trend
Pricey — P/E 32.5

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+15.5
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (32.5 → 17.0)

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Dividends

Dividend
Dividend Yield
0.44%
no trend
Small dividend — 0.44% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+675.0%
no trend
Dividend growing fast (675.0% YoY)

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