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T. Rowe Price

OverviewSuggest Edit

T. Rowe Price Group is an investment management company. It provides services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. The Company launches and manages equity and fixed income mutual funds. It employs fundamental and quantitative analysis with a bottom-up approach and utilizes in-house and external research to make its investments.
TypePublic
Founded1937
HQBaltimore, MD, USMap
Websitetroweprice.com
Employee Ratings3.7More
Overall CultureBMore
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Locations

T. Rowe Price is headquartered in
Baltimore, United States

Location Map
All Locations (21)

Latest Updates

Employees (est.) (Dec 2019)7,365(+5%)
Revenue (FY, 2020)$6.2 B(+11%)
Share Price (Mar 2021)$168.2 (+4%)
Cybersecurity ratingBMore

Key People/Management at T. Rowe Price

CeLine DufeTel

CeLine DufeTel

CFO
Edward A. Wiese

Edward A. Wiese

Head of Fixed Income
Christopher Alderson

Christopher Alderson

Co-Head of Global Equity and Head of International Equity
Scott David

Scott David

Head of Individual & Retirement Plan Services
Robert Higginbotham

Robert Higginbotham

Head of Global Investment Management Services
Edward Bernard

Edward Bernard

Vice Chairman of the Board
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T. Rowe Price Office Locations

T. Rowe Price has offices in Baltimore, Colorado Springs, New York, Owings Mills and in 17 other locations
Baltimore, MD, US (HQ)
100 East Pratt Street, 100 E Pratt St
Colorado Springs, CO, US
2220 Briargate Pkwy
New York, NY, US
233 Park Ave S 2nd Floor
Owings Mills, MD, US
4515 Painters Mill Rd
Philadelphia, PA, US
1735 Market St #3020Philadelphia
San Francisco, CA, US
333 Bush St #2550, San Francisco
Show all (21)

T. Rowe Price Financials and Metrics

T. Rowe Price Revenue

T. Rowe Price's revenue was reported to be $6.21 b in FY, 2020
USD

Revenue (FY, 2020)

6.2b

Net income (FY, 2020)

2.5b

EBIT (FY, 2020)

2.7b

Market capitalization (1-Mar-2021)

38.3b

Closing stock price (1-Mar-2021)

168.2

Cash (31-Dec-2020)

2.2b

EV

36.3b
T. Rowe Price's current market capitalization is $38.3 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

2.4b3.0b3.5b4.0b4.2b4.3b4.9b5.4b5.6b6.2b

Revenue growth, %

13%11%

Cost of goods sold

1.9b2.1b2.2b

Gross profit

2.4b2.8b3.1b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

557.1m578.3m587.0m683.2m714.5m680.2m736.8m769.7m815.7m854.3m884.4m954.6m984.3m1.0b1.0b1.1b1.0b994.1m1.0b1.1b1.1b1.2b1.2b1.3b1.3b1.4b1.3b1.4b1.4b1.5b1.4b1.5b

Cost of goods sold

430.5m447.4m468.2m495.8m503.0m522.7m553.8m564.7m563.6m

Gross profit

563.6m597.3m624.7m636.8m683.0m716.0m774.2m780.3m831.0m

Gross profit Margin, %

57%57%57%56%58%58%58%58%60%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

813.1m897.9m879.1m1.4b1.5b1.2b1.2b1.9b1.4b1.8b2.2b

Accounts Receivable

307.9m304.5m353.9m398.8m442.8m446.0m455.1m565.3m549.6m646.6m863.1m

Prepaid Expenses

152.7m165.6m162.3m72.2m151.1m196.9m

PP&E

560.3m567.4m561.0m572.9m586.4m607.1m615.1m652.0m661.3m674.4m695.4m
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

764.1m735.1m810.4m1.1b1.0b1.0b1.1b972.3m1.2b1.3b1.5b1.7b1.7b1.7b1.6b1.8b1.3b1.2b1.4b1.4b1.4b1.6b1.5b1.9b1.7b1.5b2.1b1.7b1.8b2.2b1.6b2.1b2.2b

Accounts Receivable

259.0m257.1m275.2m321.4m324.0m295.8m322.5m324.2m332.2m364.6m366.5m365.6m419.7m426.0m423.6m447.3m449.4m431.4m446.9m482.5m448.7m507.9m593.6m564.4m583.1m604.6m619.8m620.6m585.3m655.7m714.8m

Prepaid Expenses

108.9m166.7m150.1m108.6m106.2m168.4m120.2m156.8m139.1m110.2m110.3m87.8m82.2m93.8m107.2m130.7m152.8m201.5m

PP&E

518.9m543.9m557.4m551.8m555.7m555.1m564.7m564.4m561.0m563.0m558.7m567.5m571.8m576.2m572.3m599.0m607.3m603.0m615.6m625.2m624.3m635.0m650.2m655.2m657.0m667.2m678.8m675.2m685.4m681.9m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

672.2m773.2m883.6m1.0b1.2b1.2b1.3b1.6b1.8b2.2b2.5b

Depreciation and Amortization

400.0k400.0k400.0k91.0m111.7m126.3m133.4m143.6m159.5m

Accounts Payable

26.7m(4.9m)35.3m(5.1m)36.5m98.2m139.2m323.4m111.3m

Cash From Operating Activities

732.8m948.4m902.8m1.2b1.3b1.5b170.5m229.5m1.6b1.5b1.9b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

153.0m311.5m480.6m194.6m399.3m584.8m197.5m404.3m651.6m241.9m489.7m760.0m304.3m610.1m913.7m309.5m642.7m919.8m313.3m524.5m887.2m400.4m790.4m1.2b455.5m915.1m1.5b512.6m1.0b1.5b343.1m946.1m1.6b

Depreciation and Amortization

100.0k200.0k300.0k100.0k200.0k300.0k100.0k200.0k300.0k100.0k200.0k300.0k27.1m55.1m83.4m29.1m61.3m94.4m32.2m66.0m100.0m35.6m71.9m106.9m36.9m74.7m114.9m41.9m131.7m46.1m94.3m

Cash From Operating Activities

256.7m452.2m711.5m336.0m610.5m940.5m265.8m494.5m861.0m459.4m727.9m1.2b487.1m725.6m1.2b543.8m886.7m1.4b72.5m(14.2m)268.2m188.5m139.2m352.8m521.0m929.3m1.5b578.7m948.8m1.5b787.7m1.6b1.9b

Purchases of PP&E

(25.0m)(68.0m)(101.4m)(11.7m)(33.0m)(49.5m)(18.6m)(36.6m)(55.7m)(22.8m)(41.5m)(74.6m)(25.4m)(59.7m)(82.6m)(41.3m)(79.9m)(114.6m)(35.2m)(79.2m)(112.5m)(46.9m)(82.6m)(129.1m)(36.7m)(78.6m)(121.5m)(47.7m)(94.5m)(148.9m)(105.3m)(155.4m)
show all
USDQ1, 2010

Debt/Equity

0.1 x

Financial Leverage

1.1 x
Show all financial metrics

T. Rowe Price Revenue Breakdown

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T. Rowe Price revenue breakdown by business segment: 90.3% from Investment Advisory Fees, 7.1% from Administrative Fees and 2.6% from Other

T. Rowe Price Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

Learn more about our premium products
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T. Rowe Price Online and Social Media Presence

T. Rowe Price's Trends

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T. Rowe Price Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    B

    72/100

  • Compensation

    C+

    65/100

  • Diversity

    A+

    83/100

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 T. Rowe Price Frequently Asked Questions

  • When was T. Rowe Price founded?

    T. Rowe Price was founded in 1937.

  • Who are T. Rowe Price key executives?

    T. Rowe Price's key executives are CeLine DufeTel, Edward A. Wiese and Christopher Alderson.

  • How many employees does T. Rowe Price have?

    T. Rowe Price has 7,365 employees.

  • What is T. Rowe Price revenue?

    Latest T. Rowe Price annual revenue is $6.2 b.

  • What is T. Rowe Price revenue per employee?

    Latest T. Rowe Price revenue per employee is $842.7 k.

  • Who are T. Rowe Price competitors?

    Competitors of T. Rowe Price include VTB Capital, The D. E. Shaw Group and BGC Partners.

  • Where is T. Rowe Price headquarters?

    T. Rowe Price headquarters is located at 100 East Pratt Street, 100 E Pratt St, Baltimore.

  • Where are T. Rowe Price offices?

    T. Rowe Price has offices in Baltimore, Colorado Springs, New York, Owings Mills and in 17 other locations.

  • How many offices does T. Rowe Price have?

    T. Rowe Price has 21 offices.