Ameriprise Financial has evolved into a diversified financial services provider that generates roughly 65% of its operating profit from advice and wealth management.
It is a $44.2B financial services company. Revenue grew 9.1% over the last year, and it keeps 20¢ of every dollar of sales as profit. It trades at 11.2× earnings — in the cheapest third of its own history.
- Website
- ameriprise.com
- Location
- Minneapolis, MN
- Employees
- 13 600
- Sector
- Financial Services
- Founded
- 1894
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation, profitability and moat; Health lags behind.
Valuation90
- P/E vs own history13th pct · 25/25
- FCF yield18.2% · 25/25
- P/S2.2x · 20/25
- EV/EBITDA12.3x · 20/25
Growth56
- Revenue CAGR8.9% · 12/25
- Net income CAGR6.6% · 12/25
- EPS CAGR ~5Y12.1% · 20/25
- Fwd implied growth7.6% · 12/25
Profitability95
- ROIC169.0% · 25/25
- ROE61.7% · 25/25
- Net margin19.9% · 20/25
- Operating margin30.5% · 25/25
Health44
- Altman Z0.60 · 3/25
- Current ratio0.71 · 6/25
- Interest coverage4.4x · 10/25
- Net cash / debtNet cash · 25/25
Quality72
- Piotroski F6/9 · 15/25
- Beneish M-2.36 · 20/25
- FCF conversion204% · 25/25
- Margin stabilityσ 11.1% · 12/25
Moat81
- ROIC >12% years9/9 yrs · 25/25
- Median gross margin21.3% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 11.2% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$3.56B net income
- FY2018FinancialBecame debt-freecash now exceeds total debt
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$11.7B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2011AcquisitionThreadneedle announced the acquisition of the £8 billion in investment assets of LV=
- 2010AcquisitionAmeriprise Financial acquired Columbia Management, the long-term asset management business of Bank of…
- 2009AcquisitionAmeriprise acquired Standard Chartered Bank's World Express Funds investment funds business, providing…
- 2006ProductThe company launched Ameriprise Bank, FSB
- 2005MilestoneAmeriprise was formerly a division of American Express, which completed the corporate spin-off of the company in…
- 1986AcquisitionIDS acquired Wisconsin Employers Casualty Company of Green Bay, Wisconsin and renamed it IDS Property…
- 1984AcquisitionAmerican Express acquired IDS Financial Services from Alleghany Corporation
- 1949MilestoneInvestors Syndicate changed its name to Investors Diversified Services, Inc. (IDS)
- 1940ProductInvestors Syndicate introduced one of the first mutual funds, the Investors Mutual Fund, giving clients new…
- 1894FoundedThe company, known initially as Investors Syndicate, was founded in Minneapolis in 1894 by John Elliott Tappan
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (51.6%)
- Strong cash conversion — FCF is 40.6% of revenue
- Net cash position after subtracting debt from cash
- High returns on invested capital (ROIC 169.0%)
Watch-outs
- Altman Z-Score 0.60 — elevated financial-distress risk
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+9.1% YoY
- Profitable — makes more than it spends$3.95B TTM
- Profit growing — earnings are higher than last year+17.4% YoY
- Generates cash — cash left after running and investing$8.06B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$44.2B market cap
- Not printing shares — share count not ballooning — you keep your slice-18.2% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.6 — distress
- Pays a dividend — returns cash to shareholdersyield 1.36%
- Valuation not extreme — price not wildly above earningsP/E 11.2
Peer comparisonAmeriprise Financial, Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| AMP this company | $44.2B | 11.2 | +9.1% | 19.9% | Solid |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: AMP vs BRK.A · AMP vs BRK.B · AMP vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/AMP
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Deeper analysis of AMP on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $500.51 · market cap $44.2B.