Affiliated Managers Group (AMG) vs Houlihan Lokey (HLI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Affiliated Managers Group (AMG) has outperformed Houlihan Lokey (HLI) over the past year, gaining 59.8% versus a loss of 34.4%. Over five years, AMG leads with a +141.8% price change compared with +23.9% for HLI. Affiliated Managers Group is the larger company by market cap ($10.03 billion vs $8.86 billion), about 1.1 times the size, while Houlihan Lokey is growing revenue faster (+9.5% vs +1.6%).
On valuation, Affiliated Managers Group trades at a lower forward P/E (9.1x vs 14.7x for Houlihan Lokey). Houlihan Lokey offers the higher dividend yield (1.97% vs 0.01%). Affiliated Managers Group converts more of its revenue into profit, with a net margin of 34.5% versus 16.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AMG | HLI |
|---|---|---|
| Share price | $387.77 | $126.72 |
| Market cap | $10.03B | $8.86B |
| 1-day change | +0.20% | +0.95% |
| YTD return | +34.24% | -27.94% |
| 1-year return | +59.83% | -34.38% |
| 5-year return | +141.81% | +23.92% |
| P/E ratio (TTM) | 13.59 | 21.26 |
| Forward P/E | 9.06 | 14.68 |
| EPS (TTM) | $28.54 | $5.96 |
| Dividend yield | 0.01% | 1.97% |
| Annual dividend | $0.04 | $2.50 |
| Revenue (latest FY) | $2.07B | $2.62B |
| Revenue growth (YoY) | +1.64% | +9.55% |
| Net income (latest FY) | $716.60M | $425.70M |
| Operating margin | — | 20.13% |
| Net margin | 34.54% | 16.26% |
| 52-week high | $393.42 | $204.18 |
| 52-week low | $230.26 | $112.83 |
| Distance from 52-week high | -1.44% | -37.94% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +13.58% | +21.92% |
| Average volume | 277.13K | 873.23K |
| Shares outstanding | 25.86M | 54.20M |
| Employees | 5,600 | 2,800 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AMG has outperformed HLI by 94.2 percentage points over the past year.
- Houlihan Lokey trades at a higher earnings multiple (21.3x vs 13.6x trailing P/E).
- Houlihan Lokey offers a meaningfully higher dividend yield (1.97% vs 0.01%).
- Affiliated Managers Group is more profitable, keeping 34.5 cents of every revenue dollar as net income versus 16.3 cents for Houlihan Lokey.
- Houlihan Lokey grew revenue faster in its latest fiscal year (+9.55% vs +1.64%).
About Affiliated Managers Group
AMG stock →Affiliated Managers Group, Inc., through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.
Finance · Investment Managers · 5,600 employees
About Houlihan Lokey
HLI stock →Houlihan Lokey, Inc., an investment banking company, provides merger and acquisition (M&A), capital market, financial restructurings and liability management, and financial and valuation advisory services worldwide. The company operates in three segments: Corporate Finance (CF), Financial Restructuring (FR), and Financial and Valuation Advisory (FVA).
Finance · Investment Managers · 2,800 employees
AMG vs HLI FAQ
Which is bigger, Affiliated Managers Group or Houlihan Lokey?
Affiliated Managers Group (AMG) is larger, with a market capitalization of $10.03B compared with $8.86B for Houlihan Lokey (HLI).
Which stock has performed better over the past year, AMG or HLI?
AMG returned +59.83% over the past 12 months, compared with -34.38% for HLI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AMG or HLI?
AMG has the lower trailing P/E at 13.6, versus 21.3 for HLI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Affiliated Managers Group or Houlihan Lokey?
Houlihan Lokey has the higher yield at 1.97%, compared with 0.01% for Affiliated Managers Group.
Are Affiliated Managers Group and Houlihan Lokey in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.