Asset managers with the fastest revenue growth

Ranked

44

of 58 asset managers we cover

Median

+12.3%

Highest

+65.3%

ABX

Range

−41.9% to +65.3%

#	Company	Revenue growth	Net margin	Price to sales	Market cap
1	ABXAbacus Global Management	+65.3%	10.5%	3.0×	$811.7M
2	VCTRVictory Capital	+51.5%	29.6%	4.2×	$6.6B
3	RILYBRC	+49.9%	35.9%	0.1×	$162M
4	STEPStepStone	+48.5%	−30.5%	2.5×	$5.1B
5	EVREvercore	+45.7%	15.7%	2.0×	$9.7B
6	APOApollo Global Management	+41.2%	5.2%	n/m	$66.6B
7	BAMBrookfield Asset Management	+31.9%	44.1%	13.1×	$75.1B
8	KKRKKR	+31.1%	14.8%	n/m	$82B
9	TPGTPG	+30.1%	4.7%	3.4×	$17.2B
10	ALTIAlTi Global	+28.9%	−40.9%	1.5×	$402.3M
11	HASIHA Sustainable Infrastructure Capital	+27.3%	24.1%	13.1×	$4.7B
12	BLKBlackRock	+24.7%	24.2%	6.4×	$181.7B
13	AAMIAcadian Asset Management	+24.2%	15.2%	4.9×	$3.3B
14	ARESAres Management	+24.0%	10.6%	6.7×	$40.3B
15	HLNEHamilton Lane INC	+24.0%	32.1%	5.3×	$4.5B
16	PJTPJT Partners	+22.9%	10.6%	1.9×	$3.6B
17	APPSDigital Turbine	+19.2%	−5.8%	2.0×	$1.2B
18	BXBlackstone	+17.2%	21.8%	5.5×	$88.6B
19	NTRSNorthern Trust	+15.1%	24.8%	n/m	$30.7B
20	FHIFederated Hermes	+15.0%	21.3%	2.2×	$4.2B
21	OWLBlue OWL Capital	+14.2%	2.7%	4.9×	$14.6B
22	ACTGAcacia Research	+12.3%	−5.4%	1.5×	$410.8M
23	IVZInvesco	+12.2%	−0.9%	1.8×	$12.4B
24	AMGAffiliated Managers	+11.8%	37.7%	4.4×	$9.9B
25	STTState Street	+11.6%	23.0%	n/m	$46.1B
26	APAMArtisan Partners Asset Management	+9.8%	24.1%	2.2×	$2.7B
27	MORNMorningstar	+9.3%	16.4%	3.3×	$8.4B
28	AMPAmeriprise Financial	+9.1%	19.9%	2.2×	$43.5B
29	JYNTJOINT	+9.0%	6.5%	1.7×	$101.9M
30	RJFRaymond James Financial	+8.0%	13.6%	1.8×	$30.3B
31	BENFranklin Resources	+7.9%	8.7%	1.7×	$15.8B
32	CNSCohen & Steers	+7.4%	28.8%	6.3×	$3.7B
33	GCMGGCM Grosvenor	+7.0%	7.8%	4.4×	$2.5B
34	TROWT. Rowe Price	+7.0%	29.3%	2.9×	$22.2B
35	LAZLazard	+5.6%	6.9%	1.2×	$4.1B
36	WHGWestwood	+5.3%	7.7%	1.8×	$178.9M
37	RPCRidgepost Capital	+4.4%	8.7%	3.1×	$956.9M
38	PFGPrincipal Financial	+3.7%	9.9%	1.5×	$23.2B
39	HLIHoulihan Lokey	+1.7%	16.1%	3.6×	$9.2B
40	SAMGSilvercrest Asset Management	+0.8%	0.7%	1.0×	$119.9M
41	DLBDolby Laboratories	+0.6%	16.7%	4.3×	$5.9B
42	VRTSVirtus Investment Partners	−7.2%	14.5%	1.0×	$790.2M
43	IDCCInterDigital	−11.7%	38.3%	10.7×	$8.4B
44	CGCarlyle	−41.9%	10.1%	3.8×	$13.8B

Not ranked: 8 with under $50M of revenue, 2 with not a meaningful number. 4 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.