Profit isn't fully turning into cash. Free cash flow is only 33% of reported profit.
Free cash flow is only 33% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Profitable, but revenue is shrinking. More profitable than most peers, but revenue fell 28% in the 12 months to June 2026 vs the 12 months before.
AllianceBernstein Holding L.P. is more profitable than most peers, yet revenue fell 28% in the 12 months to June 2026 vs the 12 months before.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 95 → 94
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growth4.9%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.18Sector median: 0.0999 · MAD: 0.2773
3-year revenue growth2.9%
Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score -0.83Sector median: 0.0999 · MAD: 0.0858
Revenue growth-28.0%
Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score -2.40Sector median: 0.0742 · MAD: 0.1477
Return on invested capital, operating margin, and return on assets.
Operating marginUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.2353 · MAD: 0.1462
Return on assets79.9%
SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 5.45Sector median: 0.0256 · MAD: 0.0233
Return on invested capital5.1%
Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score -0.23Sector median: 0.0630 · MAD: 0.0518
Other data (not scored)
Gross margin100.0%
Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.7878 · MAD: 0.2122
Return on equity19.4%
Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0939 · MAD: 0.0702
Risk
Debt, liquidity, price swings
Insufficient data
Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about AllianceBernstein Holding L.P.
Is AllianceBernstein Holding L.P. getting weaker?
Its latest SEC filing (Oct 9, 2026) showed no major changes. Its overall score is unchanged at 66/100 since Oct 28, 2026.
How is AllianceBernstein Holding L.P. valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 94/100 against 432 financial services peers.Earnings yield 30.3% vs a peer median of 5.7% (stronger than 95% of peers).Earnings yield 30.3% vs peers 5.7% (stronger than 95% of peers).
Is AllianceBernstein Holding L.P. growing?
More slowly than most of its peers. Growth scores 18/100 against 432 financial services peers.Revenue growth -28.0% vs a peer median of 7.4% (weaker than 90% of peers).Revenue growth -28.0% vs peers 7.4% (weaker than 90% of peers).
How profitable is AllianceBernstein Holding L.P.?
More profitable than most of its peers. Profitability scores 86/100 against 432 financial services peers.Return on assets 79.9% vs a peer median of 2.6% (stronger than 95% of peers).Return on assets 79.9% vs peers 2.6% (stronger than 95% of peers).
How risky is AllianceBernstein Holding L.P.?
Insufficient data: 1 of 3 inputs reported (at least 2 needed).
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Oct 9, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Net income (12 months)
311.0M USD
995.2M USD
+219.9%
Cash
0 USD
0 USD
—
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Asset Management · 43 companies
Valuations in Asset Management are near the top of their range since 2016.
95% of months since 2016 were valued lower than now.
37% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +10% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is +31% vs the whole market, against a usual +6%.
2016Shaded: most expensive fifth of its range2026
AllianceBernstein Holding L.P. looks cheaper than most of its peers on our valuation measures, while the Asset Management industry as a whole is valued high by its own standards since 2016. Both can be true at once.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Return on assets (ROA)
23.8%
13.2%
12.7%
20.8%
24.2%
▲ 3.4 pts
AB price history
Price history is added with the daily price update and will appear after the next one.