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T. Rowe Price TROW

T. Rowe Price scores good on business quality (6.8 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$105.16Oct 10, 2026
Business qualityGood
Next earningsOct 29, 2026, before the open
Insiders, 90 daysSelling

Why it matters

  1. What T. Rowe Price does

    T. Rowe Price manages assets for individual and institutional investors, collecting management fees on mutual funds and active strategies. The firm is scaling its active ETF lineup and alternative investment products to capture shifting client demand away from traditional mutual funds.

  2. What it does best

    T. Rowe Price retains client assets through deep research integration, boasting a top-decile operating margin of 34.1% that underscores pricing power in active management. Its entrenched advisor relationships make its fund lineup sticky despite industry fee compression.

  3. The main risk

    Passive fund migration threatens its core equity assets under management. If outflows accelerate, fee revenue shrinks since margins depend directly on asset scale.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin of 34.1% and return on equity of 20.5% show high profitability, driven by asset-light fee collection that scales well.

MoatStrong

Brand trust and multi-decade institutional relationships lock in clients, reflected in an operating margin sitting in the top quartile of its sector at 79%.

GrowthSlow

Revenue grew 3.1% to $7.6 billion, showing slow momentum as sector percentiles place its growth in the bottom quartile.

Financial healthStrong

Net cash sits at $3.4 billion with negligible debt of $22 million, insulating operations. Free cash flow reached $1.7 billion, getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 sold $1.1M outside pre-planned sales.

Our sealed record on TROW

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is TROW a good business?

T. Rowe Price scores good on the Cluenex quality check (6.8 of 10), measured against its own industry. Profitability is strong, moat strong, growth slow and financial health strong.

Are insiders buying TROW?

In the last 90 days of SEC Form 4 filings: 1 sold $1.1M outside pre-planned sales.

When does TROW report earnings?

Oct 29, 2026, before the open.

For members

See TROW today

  • Today's verdict on TROW, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “T. Rowe Price (TROW)”, https://cluenex.com/stocks/trow/, data as of Oct 10, 2026.