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Held by 146 of 2,417 reporting institutions (93th percentile) — extremely crowded.
Data as of Q3 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
No trend data available for this metric.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Solve the discounted cash flow backwards, then stress-test the assumptions.
The same 1 year as the 3-yr average, with the stock compensation of those years charged as a cost. Shares issued to employees are real dilution, so this asks what the business generates for existing holders.
On the SBC-adjusted basis free cash flow is -$110.8M — there is nothing left to discount once stock compensation is charged, so no growth rate can be solved for. The 3-yr avg basis gives $138.3M over those same years — the whole difference is the stock compensation.
mean -333.0% · volatility σ 323%
Central path = implied —/yr growth; shaded band = ±1σ (323%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $505.1M dividends + $686.5M buybacks = $1.19B returned on -$3.37B FCF.
5 consecutive years of dividend increases · -2%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 11%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it. This year they exceeded net income, so the ribbons are capped at earnings and understate what was actually returned.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.78B 100.0% | $5.43B 100.0% | $2.96B 100.0% | $4.44B 100.0% | $8.78B 100.0% | $2.93B 100.0% | $3.38B 100.0% | $2.43B 100.0% | $3.68B 100.0% | $2.27B 100.0% |
| Cost of Revenue | — | — | — | — | — | — | — | — | $64.4M 1.8% | $31.3M 1.4% |
| Selling, General & Admin | — | — | — | $575.8M 13.0% | $431.7M 4.9% | $349.3M 11.9% | $494.4M 14.6% | $460.7M 19.0% | $276.8M 7.5% | $521.1M 22.9% |
| Total Operating Expenses | $3.74B 78.2% | $4.06B 74.8% | $3.57B 120.5% | $2.82B 63.6% | $4.76B 54.2% | $2.33B 79.5% | $2.12B 62.8% | $2.07B 85.3% | $2.63B 71.6% | $2.24B 98.6% |
| Interest Expense | $123.9M 2.6% | $121.0M 2.2% | $123.8M 4.2% | $110.4M 2.5% | $113.3M 1.3% | $94.0M 3.2% | $82.1M 2.4% | $82.2M 3.4% | $65.5M 1.8% | $61.3M 2.7% |
| Interest & Investment Income | $577.2M 12.1% | $577.6M 10.6% | $512.4M 17.3% | $282.3M 6.4% | $231.3M 2.6% | $211.6M 7.2% | $192.3M 5.7% | $207.2M 8.5% | $167.3M 4.6% | $140.4M 6.2% |
| Other Income (Expense), net | $200K 0.0% | $300K 0.0% | -$200K -0.0% | -$1.0M -0.0% | -$1.5M -0.0% | $7.2M 0.2% | -$1.3M -0.0% | -$1.1M -0.0% | $71.4M 1.9% | $11.2M 0.5% |
| Pretax Income | $1.16B 24.3% | $1.39B 25.7% | -$600.9M -20.3% | $1.57B 35.4% | $4.03B 45.9% | $580.0M 19.8% | $1.23B 36.5% | $360.2M 14.8% | $1.13B 30.8% | $45.3M 2.0% |
| Income Tax Expense | $214.5M 4.5% | $302.6M 5.6% | -$104.2M -3.5% | $287.8M 6.5% | $982.3M 11.2% | $197.2M 6.7% | $49.0M 1.5% | $31.3M 1.3% | $124.9M 3.4% | $30.0M 1.3% |
| Net Income | $808.7M 16.9% | $1.02B 18.8% | -$608.4M -20.5% | $1.23B 27.6% | $2.97B 33.9% | $348.2M 11.9% | $380.9M 11.3% | $116.5M 4.8% | $244.1M 6.6% | $6.4M 0.3% |
| Per Share | ||||||||||
| EPS (Basic) | $2.25 | $2.85 | -$1.68 | $3.39 | $8.37 | $0.99 | $3.05 | $0.89 | $2.58 | $0.08 |
| EPS (Diluted) | $2.18 | $2.77 | -$1.68 | $3.35 | $8.20 | $0.97 | $2.82 | $0.82 | $2.38 | -$0.08 |
| Weighted Avg Shares (Basic) | 359.7M | 358.6M | 361.4M | 361.3M | 355.2M | 350.5M | 113.1M | 104.2M | 92.1M | 82.7M |
| Weighted Avg Shares (Diluted) | 370.9M | 368.0M | 361.4M | 365.7M | 362.6M | 358.4M | 122.6M | 113.4M | 100.1M | 308.5M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $1.97B (at 2025-12-31) covers all $132.2M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2017-06-30 (10-Q). The cash figure is from 2025-12-31, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Ranked against 24 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BX | $90.5B | 31.2× | — | 6.3× | 9.2% | — | 20.9% | 34.8% | 14.2% | — | 721 |
| APO | $70.0B | 21.4× | — | 2.2× | 22.7% | — | 10.9% | 15.0% | 9.5% | — | — |
| AMP | $44.0B | 13.7× | — | 2.3× | 5.5% | — | 18.8% | 54.4% | 54.4% | — | 444 |
| TROW | $22.7B | 11.5× | — | 3.1× | 3.1% | — | 28.5% | 19.2% | 19.2% | — | 372 |
| BEN | $16.4B | 35.5× | 25.8× | 1.9× | 3.5% | — | 6.0% | 4.3% | 3.6% | 3.2× | 189 |
| CG | $14.5B | 18.6× | 9.2× | 3.0× | -11.9% | — | 16.9% | 11.5% | 11.5% | -1.5× | 146 |
| EVR | $11.4B | 21.2× | — | 3.0× | 29.5% | — | 15.3% | 29.1% | 29.1% | — | 147 |
| AMG | $10.3B | 17.6× | — | 5.0× | 1.6% | — | 34.5% | 22.1% | 12.1% | — | 131 |
| HLI | $9.7B | 22.4× | 15.0× | 3.7× | 9.5% | — | 16.3% | 18.2% | 18.2% | -2.1× | 125 |
| MORN | $8.3B | 25.1× | 12.5× | 3.4× | 7.5% | 61.0% | 15.3% | 30.6% | 16.3% | 0.8× | 92 |
| TPG | $8.0B | 106.5× | 12.3× | 1.7× | 33.4% | — | 4.0% | 4.5% | 3.2% | 1.2× | 67 |
| OWL | $7.1B | 104.1× | 21.4× | 12.5× | 7.6% | — | 13.9% | 3.6% | 1.4% | 6.5× | 138 |
| VCTR | $7.0B | 27.9× | 14.2× | 5.4× | 46.2% | — | 25.3% | 13.6% | 9.7% | 1.5× | 88 |
| FHI | $4.3B | 11.3× | 7.8× | 2.4× | 10.3% | — | 22.4% | 33.7% | 26.1% | -0.5× | 96 |
| LAZ | $3.9B | 18.2× | 11.3× | 1.2× | 1.5% | — | 7.4% | 27.2% | 9.3% | 0.6× | 77 |
| CNS | $3.7B | 24.6× | 19.2× | 6.7× | 7.5% | — | 27.6% | 27.3% | 27.3% | -0.8× | 65 |
| APAM | $2.6B | 9.0× | 6.8× | 2.2× | 7.6% | — | 24.3% | 66.2% | 46.2% | 0.5× | 79 |
| RPC | $1.0B | 54.6× | 20.3× | 3.4× | 0.3% | — | 6.6% | 4.8% | 2.5% | 5.1× | — |
| ABX | $842M | 23.9× | 11.3× | 3.6× | 110% | 87.7% | 15.5% | 8.7% | 4.4% | 3.4× | 19 |
| VRTS | $828M | 6.3× | 5.2× | 1.0× | -6.0% | — | 15.9% | 14.6% | 10.3% | 1.7× | 40 |
| GCMG | $771M | 30.0× | 6.9× | 1.4× | 8.5% | — | 8.1% | 168% | 10.0% | 1.4× | 18 |
| NOAH | $473M | 30.0× | — | 1.3× | 4.8% | — | 21.4% | 5.7% | 5.7% | — | 9 |
| HKHC | $381M | 75.8× | 28.2× | 5.2× | 30.5% | — | 7.0% | 1.5% | 1.5% | -3.0× | — |
| WHG | $181M | 24.0× | 28.2× | 1.9× | 3.2% | — | 7.2% | 5.6% | 5.6% | -4.8× | 14 |
| RILY | $148M | 0.5× | 12.2× | 0.1× | 29.6% | 85.0% | 31.8% | -179% | 24.5% | 10.8× | 15 |
Peers = companies sharing CG's sector (Investment Advice) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-11 | 2 co-filers Group filing | Gift | 100,000 | $0.00 | $0 |
| 2026-09-11 | 2 co-filers Group filing | Open-market sale | 400,000 | $42.74 | $17.1m |
| 2026-08-26 | Nedelman Jeffrey Co-President | Grant | 6,615 | $0.00 | $0 |
| 2026-08-26 | Andrews Charles Elliott Jr. Chief Accounting Officer | Grant |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
| 304 |
| $0.00 |
| $0 |
| 2026-08-26 | Jenkins Mark David Co-President | Grant | 6,264 | $0.00 | $0 |
| 2026-08-26 | Plouffe Justin Chief Financial Officer | Grant | 3,769 | $0.00 | $0 |
| 2026-08-26 | Redett John C. Co-President | Grant | 8,302 | $0.00 | $0 |
| 2026-08-26 | Schwartz Harvey M Chief Executive Officer | Grant | 19,240 | $0.00 | $0 |
| 2026-08-26 | Heinzelman Kate Elizabeth General Counsel | Grant | 78 | $0.00 | $0 |
| 2026-08-26 | Lobue Lindsay Chief Operating Officer | Grant | 2,657 | $0.00 | $0 |
| 2026-08-01 | Heinzelman Kate Elizabeth General Counsel | Grant | 11,031 | $0.00 | $0 |
| 2026-08-01 | Lobue Lindsay Chief Operating Officer | Tax withholding | 18,284 | $46.02 | $841k |
| 2026-08-01 | Nedelman Jeffrey Co-President | Tax withholding | 43,081 | $46.02 | $2.0m |
| 2026-08-01 | Andrews Charles Elliott Jr. Chief Accounting Officer | Tax withholding | 12,364 | $46.02 | $569k |
| 2026-08-01 | Jenkins Mark David Co-President | Tax withholding | 124,793 | $46.02 | $5.7m |
| 2026-08-01 | Plouffe Justin Chief Financial Officer | Tax withholding | 62,533 | $46.02 | $2.9m |
| 2026-08-01 | Redett John C. Co-President | Tax withholding | 124,558 | $46.02 | $5.7m |
| 2026-05-28 | Andrews Charles Elliott Jr. Chief Accounting Officer | Grant | 409 | $0.00 | $0 |
| 2026-05-28 | Lobue Lindsay Chief Operating Officer | Grant | 3,120 | $0.00 | $0 |
| 2026-05-28 | Nedelman Jeffrey Co-President | Grant | 7,733 | $0.00 | $0 |
| 2026-05-28 | Jenkins Mark David Co-President | Grant | 7,634 | $0.00 | $0 |
| 2026-05-28 | Plouffe Justin Chief Financial Officer | Grant | 4,077 | $0.00 | $0 |
| 2026-05-28 | Redett John C. Co-President | Grant | 10,830 | $0.00 | $0 |
| 2026-05-28 | Schwartz Harvey M Chief Executive Officer | Grant | 20,743 | $0.00 | $0 |
| 2026-05-28 | Ferguson Jeffrey W. General Counsel | Grant | 1,274 | $0.00 | $0 |
| 2026-05-01 | Cherwoo Sharda Director | Grant | 4,450 | $0.00 | $0 |
| 2026-05-01 | Hance James H Jr Director | Grant | 4,450 | $0.00 | $0 |
| 2026-05-01 | Filler Linda Director | Grant | 4,450 | $0.00 | $0 |
| 2026-05-01 | Shaw William Joseph Director | Grant | 4,450 | $0.00 | $0 |
| 2026-05-01 | 2 co-filers Group filing | Grant | 4,450 | $0.00 | $0 |
| 2026-05-01 | Welters Anthony Director | Grant | 4,450 | $0.00 | $0 |
| 2026-05-01 | Fitt Lawton W Director | Grant | 4,450 | $0.00 | $0 |
| 2026-05-01 | 2 co-filers Group filing | Grant | 4,450 | $0.00 | $0 |
| 2026-05-01 | Beschloss Afsaneh Mashayekhi Director | Grant | 4,450 | $0.00 | $0 |
| 2026-05-01 | 2 co-filers Group filing | Grant | 4,450 | $49.44 | $220k |
| 2026-05-01 | 2 co-filers Group filing | Grant | 2,933 | $49.44 | $145k |
| 2026-03-19 | 2 co-filers Group filing | Gift | 100,000 | $0.00 | $0 |
| 2026-03-19 | 2 co-filers Group filing | Open-market sale | 500,000 | $46.68 | $23.3m |
| 2026-02-20 | Schwartz Harvey M Chief Executive Officer | Grant | 17,457 | $0.00 | $0 |
| 2026-02-20 | Lobue Lindsay Chief Operating Officer | Grant | 2,625 | $0.00 | $0 |
EOD close · as of 2026-10-30
Where each multiple sits in its own 14-yr range · 63th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 11% against ROIC 11% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 1.4× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 19.0 | 14.6 | 11.9 | 4.9 | 13.0 | — | — | — |
| Income Tax | 1.3 | 1.5 | 6.7 | 11.2 | 6.5 | -3.5 | 5.6 | 4.5 |
| Net Income | 4.8 | 11.3 | 11.9 | 33.9 | 27.6 | -20.5 | 18.8 | 16.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CG: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns 4.53pts above its cost of capital, but net margin has stepped down from 2759.82% to 1691.91% over 3 years.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 23.6% | 12.6% (today's — no rate published for this year) | 11.0pts |
| FY2020 | 11.6% | 12.6% (today's — no rate published for this year) | -1.0pts |
| FY2021 | 59.1% | 7.7% | 51.5pts |
| FY2022 | 16.2% | 10.5% | 5.7pts |
| FY2023 | -11.0% | 11.0% | -22.0pts |
| FY2024 | 21.6% | 12.3% | 9.3pts |
| FY2025 | 18.0% | 11.6% | 6.4pts |
| Now | 11.5% | 12.6% | -1.1pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 98.6% | 1.5% | 0.3% |
| FY2017 | 98.2% | 28.9% | 6.6% |
| FY2018 | not reported | 14.9% | 4.8% |
| FY2019 | not reported | 36.6% | 11.3% |
| FY2020 | not reported | 19.5% | 11.9% |
| FY2021 | not reported | 45.9% | 33.9% |
| FY2022 | not reported | 35.4% | 27.6% |
| FY2023 | not reported | -20.3% | -20.5% |
| FY2024 | not reported | 25.7% | 18.8% |
| FY2025 | not reported | 24.2% | 16.9% |
Return on equity (11%) and return on invested capital (11%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$105M of goodwill — 2% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
Net margin is 1691.91% against 2759.82% 3 years ago — a step down the business has not recovered, whatever the spread says today.
Free cash flow has fallen short of reported profit in 3 of the last three years.
Reported free cash flow is -$3.37B; after share-based compensation it is -$3.75B. The difference is a real cost that the cash flow statement adds back.
No debt, so there is no leverage path to distress.
This schedule comes from a filing dated 2017-06-30, 3409 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2017-06-30 (10-Q); cash from the 2025-12-31 balance sheet; FCF from FY2025. Free cash flow is negative, so projected resources fall rather than accumulate.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Cash burn, not leverage, is the risk for a debt-free company — see question 2 for cash conversion.
Once stock compensation is charged, free cash flow averages -$111M over the last 1 year — there is nothing left to discount, so no growth rate can be solved for. Before the charge it averages $138M.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: positive_free_cash_flow.
| Step | Amount | Running total |
|---|---|---|
| Net income | $809M | $809M |
| Share-based comp | $375M | $1.18B |
| Other non-cash & working capital | −$4.46B | −$3.28B |
| Operating cash flow | −$3.28B | −$3.28B |
| Capex | −$99M | −$3.37B |
| Free cash flow | −$3.37B | −$3.37B |
| FCF after SBC | −$3.75B | −$3.75B |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | -13.1% | not reported | not reported |
| FY2021 | 199.3% | not reported | not reported |
| FY2022 | -49.5% | not reported | not reported |
| FY2023 | -33.2% | not reported | not reported |
| FY2024 | 83.1% | not reported | not reported |
| FY2025 | -11.9% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | 0.2 percent |
| FY2020 | 3.3 percent |
| FY2021 | 5.6 percent |
| FY2022 | 7.5 percent |
| FY2023 | -3.8 percent |
| FY2024 | 7.7 percent |
| FY2025 | 14.0 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Below the line for 5 consecutive years to the latest.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.