T. Rowe Price Group, Inc.(TROW) Stock Research - Grey Stern Research

T. Rowe Price Group, Inc. (TROW) Stock Analysis

$122.85 (-0.47%)

TROW Financial Performance


Use the table below to view T. Rowe Price Group, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $123.43 -
52 Week Low $97.50 -
52 Week High $124.83 -
Market Cap $27.4 Billion 6/16
Gross Margin 91% 8/16
Profit Margin 34% 5/16
EBITDA margin 34% 8/16
Q3 - 2024 Revenue $1.8 Billion 8/16
Q3 - 2024 Earnings $603.0 Million 6/16
Q3 - 2024 Free Cash Flow $345.0 Million 7/16
Trailing 4 Quarters Revenue $6.9 Billion 7/16
Trailing 4 Quarters Earnings $2.0 Billion 6/16
Quarterly Earnings Growth 21% 5/16
Annual Earnings Growth 6% 8/16
Quarterly Revenue Growth 7% 14/16
Annual Revenue Growth 6% 12/16
Cash On Hand $3.2 Billion 6/16
Short Term Debt $288.4 Million 5/16
Long Term Debt $0 8/16

T. Rowe Price Group, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare T. Rowe Price Group, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 13.43 10/16
PS 3.97 11/16
PB 2.44 5/16
PC 8.64 11/16
Liabilities to Equity 0.24 13/16
ROA 0.15 3/16
ROE 0.20 3/16
Current Ratio 5.50 2/16
Quick Ratio 1.27 1/16
Long Term Debt to Equity 0.00 8/16
Debt to Equity 0.03 7/16
Burn Rate -5.98 14/16
Cash to Cap 0.12 4/16
CCR 0.57 5/16
EV to EBITDA 39.99 7/16
EV to Revenue 3.55 10/16

Company Details

T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.

CEO: Mr. William Stromberg

Website: https://www.troweprice.com

Address: 100 East Pratt Street, P.O. Box 89000 Baltimore, MARYLAND

Exchange: NASDAQ Global Select

Industry: Asset Management

T. Rowe Price Group, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to T. Rowe Price Group, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
The Bank of New York Mellon Corporation BK $58.8 Billion
KKR & Co. Inc. KKR $140.3 Billion
Ares Capital Corporation ARCC $14.3 Billion
State Street Corporation STT $28.7 Billion
Apollo Global Management, Inc. APO $97.9 Billion
Principal Financial Group, Inc. PFG $19.4 Billion
BlackRock, Inc. BLK $160.9 Billion
Brookfield Asset Management Inc. BAM $24.0 Billion
Prospect Capital Corporation PSEC $2.0 Billion
Hercules Capital, Inc. HTGC $3.1 Billion
The Carlyle Group Inc. CG $18.8 Billion
Main Street Capital Corporation MAIN $4.9 Billion
PennantPark Floating Rate Capital Ltd. PFLT $920.5 Million
Gladstone Investment Corporation GAIN $499.7 Million
FS KKR Capital Corp. FSK $6.2 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
TROW Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 1.8 Billion $603.0 Million
Q2 2024 $ 1.7 Billion $470.5 Million
Q1 2024 $ 1.8 Billion $573.8 Million
Q4 2023 $ 1.6 Billion $394.7 Million
Q3 2023 $ 1.7 Billion $499.5 Million
Q2 2023 $ 1.6 Billion $476.4 Million
Q1 2023 $ 1.5 Billion $421.5 Million
Q4 2022 $ 1.5 Billion $266.0 Million

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TROW Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $3.2 Billion $13.7 Billion $288.4 Million $11.0 Billion
Q2 2024 $2.7 Billion $13.1 Billion $376.5 Million $10.8 Billion
Q1 2024 $2.4 Billion $12.9 Billion $386.4 Million $10.7 Billion
Q4 2023 $2.1 Billion $12.3 Billion $0 $10.3 Billion
Q3 2023 $2.6 Billion $12.6 Billion $309.4 Million $9.4 Billion
Q2 2023 $2.2 Billion $12.6 Billion $323.4 Million $9.3 Billion
Q1 2023 $2.1 Billion $12.2 Billion $323.9 Million $9.0 Billion
Q4 2022 $1.8 Billion $11.6 Billion $329.6 Million $8.8 Billion

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TROW Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $345.0 Million -$104.6 Million $513.7 Million
Q2 2024 $634.1 Million -$103.3 Million $298.4 Million
Q1 2024 $678.0 Million -$102.5 Million $349.9 Million
Q4 2023 $690.5 Million $0 $690.5 Million
Q3 2023 $2.9 Million $0 $2.9 Million
Q2 2023 $323.1 Million -$71.7 Million $140.0 Million
Q1 2023 $451.0 Million -$60.7 Million $219.4 Million
Q4 2022 -$195.6 Million -$60.4 Million -$569.7 Million

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