PRICE T ROWE GROUP INC（TROW）の決算・業績分析
PRICE T ROWE GROUP INCの2025年有価証券報告書をAI分析。売上高$7.3B(+3.1%)。営業利益$2.2B。Financials。
目次
PRICE T ROWE GROUP INCの2025年度 業績サマリー
PRICE T ROWE GROUP INC（証券コード: TROW）の2025年度決算・業績分析。売上高は$7.3B（前年比+3.1%）。営業利益は$2.2B（前年比-6.2%）。純利益は$2.1B（前年比-0.6%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
PRICE T ROWE GROUP INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue declined 15.4% YoY to $6.5B (XBRL), with operating income falling 36.0% to $2.4B (XBRL) and net income dropping 49.5% to $1.6B (XBRL).
- Strong cash flow generation: Operating cash flow of $2.4B (XBRL) and free cash flow of $2.1B (XBRL), despite significant shareholder returns of $2.0B (XBRL) via dividends and buybacks.
- Robust financial health: Equity ratio of 77.4% (XBRL), debt-to-equity ratio of 0.21x (XBRL), and ROE of 16.4% (XBRL).
PRICE T ROWE GROUP INCの売上高変化の要因
- •Revenue declined 15.4% YoY to $6.5B (XBRL), reversing a 5-year CAGR of +3.8% (XBRL). Historical data shows a peak of $7.7B in FY2023 (XBRL), followed by a sharp decline in FY2024. The drop is attributed to AUM fluctuations and market volatility (10-K). No segment-specific revenue data is available (XBRL).
PRICE T ROWE GROUP INCの営業利益変化の要因
- •Operating margin remained stable at 36.6% (XBRL), but operating income fell 36.0% YoY to $2.4B (XBRL). Net income declined 49.5% YoY to $1.6B (XBRL), with net margin at 24.0% (XBRL). Asset turnover of 0.53x (XBRL) reflects moderate efficiency in asset utilization.
PRICE T ROWE GROUP INCの事業リスクと対応
Revenue volatility due to fluctuations in AUM and financial markets (10-K).
Risk of contract termination with collective investment funds (10-K).
Intense competition from passive investments and fee pressure (10-K).
Geopolitical risks, including conflicts in Ukraine and the Middle East (10-K).
Interest rate changes impacting fixed income portfolios (10-K).
PRICE T ROWE GROUP INCの今後の見通し・業績予想
PRICE T ROWE GROUP INCの事業内容
T. Rowe Price Group Inc. (TROW) operates as a global investment advisory services provider, generating revenue primarily through investment advisory fees tied to assets under management (AUM) (10-K). Key products include U.S. mutual funds, ETFs, separately managed accounts, and subadvised funds, supported by services such as administrative support, retirement plan recordkeeping, and trust services (10-K). The company's competitive advantages include a long-term investment culture, diverse distribution channels, and a globally recognized brand (10-K).
PRICE T ROWE GROUP INCのAI業績分析レポート（2024年度）
Annual Report Analysis: T. Rowe Price Group Inc. (TROW) FY2024
Highlights
Business Overview
T. Rowe Price Group Inc. (TROW) provides global investment advisory services through subsidiaries, generating revenue from investment advisory fees tied to AUM (10-K). Key products include U.S. mutual funds, ETFs, separately managed accounts, and subadvised funds, supported by services such as administrative support, retirement plan recordkeeping, and trust services (10-K). Competitive advantages include a long-term investment culture, diverse distribution channels, and a globally recognized brand (10-K).
Revenue Analysis
Revenue declined 15.4% YoY to $6.5B (XBRL), reversing a 5-year CAGR of +3.8% (XBRL). Historical data shows a peak of $7.7B in FY2023 (XBRL), followed by a sharp decline in FY2024. The drop is attributed to AUM fluctuations and market volatility (10-K). No segment-specific revenue data is available (XBRL).
Profitability Analysis
Operating margin remained stable at 36.6% (XBRL), but operating income fell 36.0% YoY to $2.4B (XBRL). Net income declined 49.5% YoY to $1.6B (XBRL), with net margin at 24.0% (XBRL). Asset turnover of 0.53x (XBRL) reflects moderate efficiency in asset utilization.
Balance Sheet Analysis
Total assets increased to $12.3B (XBRL) in FY2024, with equity rising to $9.5B (XBRL) (77.4% equity ratio, XBRL). Low leverage (D/E ratio of 0.21x, XBRL) and $2.1B in cash (XBRL) highlight strong liquidity and financial stability.
Cash Flow Analysis
Operating cash flow of $2.4B (XBRL) supported $2.1B in free cash flow (XBRL) after $238M in CapEx (XBRL). Financing activities included $1.1B in dividends (XBRL) and $850M in share repurchases (XBRL), resulting in a $2.1B net outflow (XBRL).
Working Capital Analysis
Receivables days stood at 45 days (XBRL). No data on inventory or payables days was available (XBRL), preventing a full cash conversion cycle analysis.
Risks
Outlook
Forward-looking trends are not explicitly detailed in the provided 10-K or XBRL data (10-K).
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