# T Rowe Price Group Inc (TROW) — Stock CV

T Rowe Price Group Inc is a $22.4B financial services company. Revenue grew 7.0% over the last year, and it keeps 29¢ of every dollar of sales as profit. It trades at 10.1× earnings — near the lowest of its own history.

> T. Rowe Price provides asset management services for individual and institutional investors.

## Identity

- **Ticker**: TROW
- **Sector**: Financial Services
- **Industry**: Investment Advice
- **Headquarters**: BALTIMORE, MD
- **Employees**: 7 773
- **Website**: https://www.troweprice.com
- **Market cap**: $22.4B
- **Last price**: $105.16
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $7.59B
- **Net income**: $2.22B
- **Free cash flow**: $1.67B
- **P/E**: 10.1
- **Revenue growth (YoY)**: 7.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 90 |
| Growth | 5 |
| Profitability | 95 |
| Health | 43 |
| Quality | 60 |
| Moat | 75 |

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

- [x] Revenue growing — +7.0% YoY
- [x] Profitable — $2.22B TTM
- [x] Profit growing — +11.4% YoY
- [x] Generates cash — $1.67B TTM
- [x] Debt under control — current ratio 2.85
- [x] Established company — $22.4B market cap
- [x] Not printing shares — -2.5% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 43/100
- [x] Pays a dividend — yield 5.08%
- [x] Valuation not extreme — P/E 10.1

## Experience (career milestones)

- **2023** — The firm has assets under management of more than $1.51 trillion
- **FY2021** — Best year on record: $3.08B net income
- **FY2018** — Revenue crossed $1B: $5.37B for the year
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2001** — The company launched T
- **1999** — Rowe Price to create an asset management partnership with Sumitomo Bank and Daiwa Securities in Tokyo in 1999
- **1986** — Rowe Price held its initial public offering, valued at nearly $200 million, in 1986
- **1950** — Its clientele grew too large for the staff to manage accounts individually, so the firm incorporated and…
- **1937** — The firm was founded in 1937 by Thomas Rowe Price Jr. who is best known for developing the growth stock philosophy…

## Strengths

- High gross margin (99.8%)
- Strongly profitable — 29.3% net margin
- Strong cash conversion — FCF is 22.0% of revenue
- Interest covered 5.7× by operating earnings
- High returns on invested capital (ROIC 27.9%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $7.67B | $3.08B | $3.21B |
| FY2022 | $6.49B | $1.56B | $2.12B |
| FY2023 | $6.46B | $1.79B | $911M |
| FY2024 | $7.09B | $2.10B | $1.26B |
| FY2025 | $7.31B | $2.09B | $1.48B |

---

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