# Ameriprise Financial, Inc. (AMP) — Stock CV

Ameriprise Financial, Inc. 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.

> Ameriprise Financial has evolved into a diversified financial services provider that generates roughly 65% of its operating profit from advice and wealth management.

## Identity

- **Ticker**: AMP
- **Sector**: Financial Services
- **Industry**: Investment Advice
- **Headquarters**: MINNEAPOLIS, MN
- **Employees**: 13 600
- **Website**: https://www.ameriprise.com
- **Market cap**: $44.2B
- **Last price**: $500.51
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $19.8B
- **Net income**: $3.95B
- **Free cash flow**: $8.06B
- **Net cash**: $4.44B
- **P/E**: 11.2
- **Revenue growth (YoY)**: 9.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 90 |
| Growth | 56 |
| Profitability | 95 |
| Health | 44 |
| Quality | 72 |
| Moat | 81 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +9.1% YoY
- [x] Profitable — $3.95B TTM
- [x] Profit growing — +17.4% YoY
- [x] Generates cash — $8.06B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $44.2B market cap
- [x] Not printing shares — -18.2% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — Altman Z 0.6 — distress
- [x] Pays a dividend — yield 1.36%
- [x] Valuation not extreme — P/E 11.2

## Experience (career milestones)

- **FY2025** — Best year on record: $3.56B net income
- **FY2018** — Became debt-free: cash now exceeds total debt
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $11.7B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2011** — Threadneedle announced the acquisition of the £8 billion in investment assets of LV=
- **2010** — Ameriprise Financial acquired Columbia Management, the long-term asset management business of Bank of…
- **2009** — Ameriprise acquired Standard Chartered Bank's World Express Funds investment funds business, providing…
- **2006** — The company launched Ameriprise Bank, FSB
- **2005** — Ameriprise was formerly a division of American Express, which completed the corporate spin-off of the company in…
- **1986** — IDS acquired Wisconsin Employers Casualty Company of Green Bay, Wisconsin and renamed it IDS Property…
- **1984** — American Express acquired IDS Financial Services from Alleghany Corporation
- **1949** — Investors Syndicate changed its name to Investors Diversified Services, Inc. (IDS)
- **1940** — Investors Syndicate introduced one of the first mutual funds, the Investors Mutual Fund, giving clients new…
- **1894** — The company, known initially as Investors Syndicate, was founded in Minneapolis in 1894 by John Elliott Tappan

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $13.4B | $2.76B | $3.21B |
| FY2022 | $14.3B | $2.56B | $4.22B |
| FY2023 | $16.1B | $2.56B | $4.50B |
| FY2024 | $17.9B | $3.40B | $6.42B |
| FY2025 | $18.9B | $3.56B | $8.16B |

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Source: https://stockcv.com/AMP — derived from company filings; may be delayed or incomplete. Information, not investment advice.