Skip to content
stoqly

SEI Investments

SEIC Nasdaq Asset Management & Custody Banks Financials FY2016–FY2025

SEI Investments' revenue rose 8.1% to $2.3 billion in fiscal 2025. Its operating margin was 27.3%, up from 26.0% a year earlier. Free cash flow was $585 million, down 0.9%. It paid out $752 million in dividends and buybacks, 129% of free cash flow. The diluted share count fell 3.5%.

Last close · Oct 23, 2026

$102.30

2.1%
Value it Compare
Revenue Total sales reported in the income statement.
$2.3B
8.1% vs prior year
Operating margin Operating income as a share of revenue.
27.3%
1.3 pts
Net income Profit after all expenses, interest and tax.
$715M
23.1%
Free cash flow Cash from operations minus capital spending.
$585M
0.9%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
$12.6B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
18.0x
On $5.67 EPS (TTM)

What SEI Investments does

No business description yet.

Legal name
SEI INVESTMENTS COMPANY
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000350894-26-000013
0000350894

Revenue and margins

SEI Investments had $2.3B of revenue in fiscal 2025, up 8.1% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 12.0% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $585M in fiscal 2025, 25.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

SEI Investments returned $752M to shareholders in fiscal 2025, 129% of free cash flow. The diluted share count fell 3.5%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value SEI Investments yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of — and divides by 127.1M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 18.0x · peers 40.0x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably SEI Investments can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $831M$853M$835M$840M$400M
Interest coverage 982.9x635.2x728.2x980.0x1,030.1x
Current ratio 4.0x3.7x4.2x4.1x3.3x
Quick ratio 4.0x3.7x4.2x4.1x3.3x
Total assets $2.4B$2.4B$2.5B$2.7B$3.3B
Total liabilities $494M$430M$388M$433M$800M
Shareholders' equity $1.9B$2.0B$2.1B$2.3B$2.4B
Net debt (− = net cash) —————

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$21.1M

10 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Sep 22, 2026 Michael LaneExecutive Vice President Sold 2,400 $102.78 $0.2M Form 4
Sep 3, 2026 Ryan HickeChief Executive Officer Sold 37,500 $110.71 $4.2M Form 4
Sep 1, 2026 Carmen RomeoDirector Sold 5,000 $109.70 $0.5M Form 4
Aug 28, 2026 Michael PetersonExecutive Vice President Sold 37,500 $111.51 $4.2M Form 4
Aug 5, 2026 Philip McCabeSee Remarks Sold 5,043 $105.50 $0.5M Form 4
Aug 4, 2026 Philip McCabeSee Remarks Sold 24,957 $105.04 $2.6M Form 4
Aug 3, 2026 Kathryn McCarthyDirector Sold 10,000 $103.54 $1.0M Form 4
Jul 28, 2026 Carl GuarinoDirector Sold 10,000 $103.20 $1.0M Form 4
Jul 28, 2026 Mark Andrew WarnerSee Remarks* Sold 15,000 $102.35 $1.5M Form 4
Jul 28, 2026 Michael PetersonExecutive Vice President Sold 25,000 $102.05 $2.6M Form 4
Jul 24, 2026 Sanjay SharmaSee Remarks* Sold 20,000 $99.33 $2.0M Form 4
Jun 29, 2026 Alfred P West JrChairman Emeritus Sold 7,332 $87.39 $0.6M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✓
Cash from operations exceeds net income ✕ ✓ ✕
Debt fell relative to assets — — —
Current ratio rose ✓ ✕ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✕ ✓ ✓
Revenue rose relative to assets ✕ ✓ ✓
F-score — / 9— / 9— / 9
Accruals ratio 0.6%−1.6%3.6%
Altman Z'' 10.8110.637.10

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
SEI Investments SEIC $12.6B 8.1% 27.3% 25.5% — 18.0x —
Affiliated Managers Group AMG $10.3B 1.6% — 46.6% 16.5% 13.4x — Compare →
Blue Owl Capital OWL $6.4B 25.0% — 41.8% 5.2% 78.0x — Compare →
Federated Hermes FHI $4.1B 10.3% 28.5% 16.4% 40.9% 10.6x 7 Compare →
TPG TPG $17.2B 33.4% — — 15.2% 66.6x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.4B $1.5B $1.6B $1.6B $1.7B $1.9B $2.0B $1.9B $2.1B $2.3B
Gross profit $435M $461M $508M $533M $520M $645M $644M $557M $699M $808M
Operating income $376M $397M $442M $460M $446M $553M $476M $425M $552M $627M
Interest expense $0.5M $0.8M $0.6M $0.6M $0.6M $0.6M $0.7M $0.6M $0.6M $0.6M
Pretax income $509M $557M $614M $631M $569M $694M $609M $595M $747M $916M
Income tax $175M $153M $108M $130M $121M $147M $134M $132M $166M $199M
Net income $334M $404M $506M $501M $447M $547M $476M $462M $581M $715M
Diluted EPS $2.03 $2.49 $3.14 $3.24 $3.00 $3.81 $3.46 $3.46 $4.41 $5.63
Diluted shares 0.16B 0.16B 0.16B 0.15B 0.15B 0.14B 0.14B 0.13B 0.13B 0.13B
Cash flow
Cash from operations $434M $460M $588M $545M $489M $633M $566M $447M $622M $608M
Capital expenditure $31.4M $25.5M $29.1M $43.1M $54.4M $26.5M $39.2M $24.8M $32.2M $22.6M
Free cash flow $403M $434M $559M $502M $434M $607M $527M $422M $590M $585M
Depreciation and amortization $71.8M $28.9M $32.3M $33.1M $34.6M $38.7M $46.2M $47.5M $46.8M $45.2M
Stock-based compensation $16.0M $36.4M $23.8M $24.6M $27.0M $41.5M $39.4M $31.3M $58.6M $53.6M
Acquisitions $0.0M $80.2M $5.8M $0.0M $0.0M $80.2M $0.0M $56.4M $29.0M $302M
Share buybacks $292M $248M $407M $346M $427M $408M $345M $309M $500M $628M
Dividends paid $84.7M $88.9M $94.3M $101M $104M $106M $110M $115M $120M $124M
Dividends and buybacks $377M $337M $502M $447M $531M $514M $455M $424M $620M $752M
Balance sheet
Cash and short-term investments $696M $744M $755M $841M $785M $831M $853M $835M $840M $400M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $1.0B $1.1B $1.2B $1.3B $1.3B $1.4B $1.5B $1.5B $1.6B $1.3B
Current liabilities $249M $275M $296M $294M $317M $356M $398M $353M $381M $387M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $146M $146M $146M $161M $189M $179M $181M $171M $160M $150M
Total assets $1.6B $1.9B $2.0B $2.2B $2.2B $2.4B $2.4B $2.5B $2.7B $3.3B
Total liabilities $334M $377M $379M $413M $427M $494M $430M $388M $433M $800M
Shareholders' equity $1.3B $1.5B $1.6B $1.7B $1.7B $1.9B $2.0B $2.1B $2.3B $2.4B
Margins
Gross margin 31.0% 30.2% 31.3% 32.3% 30.9% 33.6% 32.3% 29.0% 32.9% 35.2%
Operating margin 26.8% 26.0% 27.2% 27.9% 26.5% 28.9% 23.9% 22.1% 26.0% 27.3%
EBITDA margin 31.9% 27.9% 29.2% 29.9% 28.5% 30.9% 26.2% 24.6% 28.2% 29.3%
Net margin 23.8% 26.5% 31.2% 30.4% 26.6% 28.5% 23.9% 24.1% 27.4% 31.1%
FCF margin 28.7% 28.5% 34.4% 30.4% 25.8% 31.6% 26.5% 22.0% 27.8% 25.5%
Returns
Return on capital employed 27.3% 26.8% 27.2% 26.1% 24.1% 28.8% 23.9% 20.5% 24.7% 24.2%
Return on equity 25.8% 29.1% 33.0% 30.1% 25.7% 30.4% 24.9% 22.6% 26.5% 30.4%
Return on assets 20.7% 23.2% 26.5% 24.3% 20.7% 24.2% 20.1% 18.9% 22.3% 24.1%
Growth
Revenue growth 5.1% 8.9% 6.4% 1.6% 2.1% 13.9% 3.8% −3.6% 10.7% 8.1%
Net income growth 0.7% 21.1% 25.1% −0.9% −10.8% 22.2% −13.0% −2.8% 25.7% 23.1%
EPS growth 3.6% 22.7% 26.1% 3.2% −7.4% 27.0% −9.2% 0.0% 27.5% 27.7%
FCF growth 11.0% 7.8% 28.8% −10.2% −13.5% 39.7% −13.1% −19.9% 39.8% −0.9%
Share count change −3.1% −1.3% −0.6% −3.9% −3.8% −3.8% −4.1% −2.7% −1.5% −3.5%
Financial health
Interest coverage 707.5x 508.3x 685.3x 730.8x 732.2x 982.9x 635.2x 728.2x 980.0x 1,030.1x
Current ratio 4.2x 4.1x 4.0x 4.4x 4.1x 4.0x 3.7x 4.2x 4.1x 3.3x
Quick ratio 4.2x 4.1x 4.0x 4.4x 4.1x 4.0x 3.7x 4.2x 4.1x 3.3x
Capital allocation
Capex / revenue 2.2% 1.7% 1.8% 2.6% 3.2% 1.4% 2.0% 1.3% 1.5% 1.0%
Stock comp / revenue 1.1% 2.4% 1.5% 1.5% 1.6% 2.2% 2.0% 1.6% 2.8% 2.3%
Payouts / FCF 93.6% 77.6% 89.7% 89.1% 122.3% 84.7% 86.3% 100.4% 105.1% 128.6%
Quality scores
Altman Z'' 9.6 9.4 9.8 9.9 9.5 9.3 10.0 10.8 10.6 7.1
Accruals ratio −6.2% −3.2% −4.3% −2.1% −1.9% −3.8% −3.8% 0.6% −1.6% 3.6%

Source: SEC EDGAR XBRL filings (CIK 0000350894). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open