A Business at a Glance
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SEI INVESTMENTS CO
SEIC
$12.6B
Mkt Cap
$99.22
+2.57%
SEI INVESTMENTS CO (SEIC) has a current P/E ratio of 17.6, compared to its historical median P/E of 17.9. The stock is currently considered Fair based on its historical valuation range.
SEI INVESTMENTS CO (SEIC) has a 5-year average return on invested capital (ROIC) of 26.0%. This indicates strong capital allocation and a potential competitive advantage.
SEI INVESTMENTS CO (SEIC) has a market capitalization of $11.9B. It is classified as a large-cap stock.
Yes, SEI INVESTMENTS CO (SEIC) pays a dividend with a trailing twelve-month yield of 1.05%. The company also returns capital through share buybacks, with a buyback yield of 5.35%.
Based on historical P/E analysis, SEI INVESTMENTS CO (SEIC) appears fair. The current P/E of 17.6 is 1% below its historical median of 17.9. The estimated fair value CAGR (P/E method) is 5.7%.
SEI INVESTMENTS CO (SEIC) operates in the Security Brokers, Dealers & Flotation Companies industry, within the Financials sector.
SEI INVESTMENTS CO (SEIC) reported annual revenue of $2.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
SEI Investments Company is a leading global provider of financial technology, operations, and asset management solutions that unify technology, trust-based custody, and investment management across advice, asset management, and administration. The company operates through four core client-oriented segments—Investment Managers, Private Banks, Investment Advisors, and Institutional Investors—serving leading institutions globally including 8 of the top 20 U.S. banks and 43 of the top 100 investment managers worldwide, managing, advising, or administering approximately $1.9 trillion in assets. SEI's business model combines technology and operations outsourcing (57% of 2025 revenue) with asset management fees (38% of revenue), delivered through modular or end-to-end solutions integrated across a single modern infrastructure that includes platform technology, custody, operations, and investment expertise. The company differentiates through its integrated ecosystem spanning advice, asset management, and administration; leadership in alternatives and private markets administration; scaled front-to-back capabilities for complex managers; trust-based custody integrated with wealth technology through SEI Private Trust Company; and commitment to security, data, and AI-driven operational efficiency. SEI maintains strong, long-term client relationships with wealth managers, banks, registered investment advisors, asset managers, family offices, institutional investors, and ultra-high-net-worth investors, with service centers located in the United States, United Kingdom, Ireland, Canada, continental Europe, India, and South Africa.
【Strategic outsourcing momentum accelerating】 Management expects sales momentum from large alternative asset managers moving from insourcing to outsourcing to carry into 2026, with meaningful developments anticipated by April earnings across multiple business lines. The company is accelerating investment management product launches in ETFs, SMAs, models, and select alternative products where it has competitive advantage, while expanding retail exposure through a registered transfer agency launch and positioning the Stratos partnership to deepen participation in the advice value chain. SEI is making targeted investments in hiring, technology, and automation to support strong pipeline visibility and major wins, with expectations for depreciation and amortization to step up in early 2026 due to placing large investments into service. The company intends to return 90–100% of free cash flow to shareholders through dividends and share repurchases while maintaining a fortress balance sheet and capacity for incremental investment.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Asset management, administration and distribution fees | $1.55B | $1.51B | $1.51B | $1.68B | $1.82B | 40% |
Investment operations fees | $540M | $580M | $620M | $750M | $859M | 19% |
Information processing and software servicing fees | $371M | $477M | $405M | $448M | $480M | 10% |
Investment management fees from investment management agreements | $458M | $432M | $417M | $436M | $467M | 10% |
Investment management fees from pooled investment products | $495M | $447M | $416M | $418M | $411M | 9% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.4B | 2.3B | 2.1B | 1.9B | 2.0B | 1.9B |
| Net Income | 738M | 715M | 581M | 462M | 475M | 547M |
| EPS | $6.04 | $5.63 | $4.41 | $3.46 | $3.46 | $3.81 |
| Free Cash Flow | 662M | 585M | 590M | 422M | 527M | 607M |
| ROIC | 26.3% | - | 26.5% | 22.6% | 24.7% | 30.0% |
| Gross Margin | 35.5% | 35.2% | 32.9% | 29.0% | 32.3% | 33.6% |
| Debt/Equity | 0.01 | - | 0.19 | 0.18 | 0.00 | 0.04 |
| Dividends/Share | $1.04 | $1.01 | $0.95 | $0.89 | $0.83 | $0.77 |
| Operating Income | 660M | 627M | 552M | 425M | 476M | 553M |
| Operating Margin | 27.9% | 27.3% | 26.0% | 22.1% | 23.9% | 28.8% |
| ROE | 30.1% | - | 26.5% | 22.6% | 24.9% | 30.4% |
| Shares Outstanding | 120M | 127M | 132M | 134M | 137M | 143M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.3B | 1.3B | 1.4B | 1.5B | 1.6B | 1.6B | 1.7B | 1.9B | 2.0B | 1.9B | 2.1B | 2.3B | 2.4B |
| Gross Margin | 31.7% | 30.9% | 31.0% | 30.2% | 31.3% | 32.3% | 30.9% | 33.6% | 32.3% | 29.0% | 32.9% | 35.2% | 35.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | 64M | 66M | 72M | 74M | 92M | 168M | 132M | 148M | 181M | 182M |
| EBIT | 353M | 358M | 376M | 397M | 442M | 460M | 446M | 553M | 476M | 425M | 552M | 627M | 660M |
| Op. Margin | 27.9% | 26.8% | 26.8% | 26.0% | 27.2% | 27.9% | 26.5% | 28.8% | 23.9% | 22.1% | 26.0% | 27.3% | 27.9% |
| Net Income | 319M | 332M | 334M | 404M | 506M | 501M | 447M | 547M | 475M | 462M | 581M | 715M | 738M |
| Net Margin | 25.2% | 24.9% | 23.8% | 26.5% | 31.1% | 30.4% | 26.6% | 28.5% | 23.9% | 24.1% | 27.3% | 31.1% | 31.2% |
| Non-Recurring | 0 | -6.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.6M | 359K | 94M | 94M |
| Returns on Capital | |||||||||||||
| ROIC | 26.5% | 26.1% | 25.6% | 28.8% | 32.8% | 30.1% | 25.7% | 30.0% | 24.7% | 22.6% | 26.5% | N/A | 26.3% |
| ROE | 26.5% | 26.1% | 25.7% | 29.1% | 33.0% | 30.1% | 25.7% | 30.4% | 24.9% | 22.6% | 26.5% | N/A | 30.1% |
| ROA | 21.4% | 21.2% | 20.7% | 23.2% | 26.5% | 24.3% | 20.7% | 24.2% | 20.1% | 18.9% | 22.3% | N/A | 8027.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 375M | 408M | 434M | 460M | 588M | 545M | 489M | 633M | 566M | 447M | 622M | 608M | 683M |
| Free Cash Flow | 346M | 363M | 403M | 434M | 559M | 502M | 434M | 607M | 527M | 422M | 590M | 585M | 662M |
| Owner Earnings | 300M | 324M | 346M | 395M | 532M | 491M | 431M | 558M | 493M | 380M | 530M | 524M | 180M |
| CapEx | 28M | 44M | 31M | 26M | 29M | 43M | 54M | 26M | 39M | 25M | 32M | 23M | 20M |
| Maint. CapEx | 61M | 67M | 72M | 29M | 32M | 29M | 31M | 33M | 34M | 35M | 33M | 30M | 448M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 14M | 23M | 0 | 5.5M | 0 | 0 | 0 | 0 |
| D&A | 61M | 67M | 72M | 29M | 32M | 29M | 31M | 33M | 34M | 35M | 33M | 30M | 448M |
| CapEx/OCF | 7.6% | 10.9% | 7.2% | 5.6% | 4.9% | 7.9% | 11.1% | 4.2% | 6.9% | 5.6% | 5.2% | 3.7% | 3.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 74M | 80M | 85M | 89M | 94M | 101M | 104M | 106M | 110M | 115M | 120M | 124M | 126M |
| Dividend Yield | 1.4% | 1.1% | 1.3% | 1.1% | 1.0% | 1.3% | 1.4% | 1.3% | 1.5% | 1.5% | 1.3% | 1.2% | 1.1% |
| Share Buybacks | 276M | 291M | 292M | 248M | 407M | 346M | 427M | 408M | 345M | 309M | 500M | 628M | 639M |
| Buyback Yield | 4.5% | 3.7% | 4.0% | 2.4% | 6.1% | 3.7% | 5.4% | 4.8% | 4.5% | 3.7% | 4.6% | 5.9% | 5.4% |
| Stock-Based Comp | 13M | 17M | 16M | 36M | 24M | 25M | 27M | 41M | 39M | 31M | 59M | 54M | 54M |
| Debt Repayment | 0 | 0 | 0 | 10M | 30M | 0 | 0 | 0 | 40M | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | -756M | -779M | -856M | N/A | -890M | -881M | -970M | N/A | N/A | N/A | -492M |
| Cash & Equiv. | 667M | 680M | 696M | 744M | 755M | 841M | 785M | 831M | 853M | 835M | 840M | 400M | 524M |
| Long-Term Debt | N/A | N/A | 15M | 12M | 0 | N/A | 0 | 40M | 0 | N/A | N/A | N/A | 32M |
| Debt/Equity | 0.24 | 0.23 | 0.01 | 0.03 | 0.00 | 0.24 | 0.00 | 0.04 | 0.00 | 0.18 | 0.19 | N/A | 0.01 |
| Interest Coverage | 770.3 | 741.6 | 707.5 | 508.3 | 685.3 | 730.8 | 732.2 | 982.9 | 635.2 | 728.2 | 319.8 | 372.3 | 334.4 |
| Equity | 1.2B | 1.3B | 1.3B | 1.5B | 1.6B | 1.7B | 1.7B | 1.9B | 2.0B | 2.1B | 2.3B | N/A | 2.5B |
| Total Assets | 1.5B | 1.6B | 1.6B | 1.9B | 2.0B | 2.2B | 2.2B | 2.4B | 2.4B | 2.5B | 2.7B | N/A | 9.2M |
| Total Liabilities | 295M | 299M | 334M | 377M | 379M | 413M | 427M | 494M | 430M | 388M | 432M | N/A | -54M |
| Intangibles | N/A | N/A | 0 | 29M | 32M | 28M | 24M | 69M | 56M | 82M | 77M | N/A | 480M |
| Retained Earnings | 420M | 403M | 384M | 467M | 518M | 602M | 565M | 633M | 694M | 763M | 758M | 792M | 782M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.85 | 1.96 | 2.03 | 2.49 | 3.14 | 3.24 | 3.00 | 3.81 | 3.46 | 3.46 | 4.41 | 5.63 | 6.04 |
| Owner EPS | 1.74 | 1.91 | 2.11 | 2.43 | 3.30 | 3.17 | 2.89 | 3.89 | 3.59 | 2.85 | 4.02 | 4.12 | 1.50 |
| Book Value | 7.24 | 7.62 | 7.92 | 9.09 | 9.89 | 11.24 | 11.67 | 12.97 | 14.22 | 15.96 | 17.09 | N/A | 20.35 |
| Cash Flow/Share | 2.18 | 2.41 | 2.64 | 2.83 | 3.65 | 3.52 | 3.28 | 4.41 | 4.12 | 3.35 | 4.72 | 4.78 | 9.86 |
| Dividends/Share | 0.46 | 0.50 | 0.54 | 0.58 | 0.63 | 0.68 | 0.72 | 0.77 | 0.83 | 0.89 | 0.95 | 1.01 | 1.04 |
| Shares Out. | 172.3M | 169.2M | 164.4M | 162.4M | 161.1M | 154.8M | 149.1M | 143.5M | 137.4M | 133.6M | 131.8M | 127.1M | 120.4M |
| Valuation | |||||||||||||
| P/E Ratio | 19.2 | 23.8 | 21.7 | 26.1 | 13.3 | 18.8 | 17.7 | 15.7 | 16.0 | 18.0 | 18.7 | 15.0 | 16.4 |
| P/FCF | 17.6 | 21.7 | 18.0 | 24.3 | 12.0 | 18.8 | 18.2 | 14.2 | 14.5 | 19.7 | 18.4 | 18.3 | 18.0 |
| EV/EBIT | N/A | N/A | 17.3 | 24.6 | 13.2 | N/A | 15.7 | 13.9 | 14.0 | N/A | N/A | N/A | 17.4 |
| Price/Book | 4.9 | 6.1 | 5.6 | 7.2 | 4.2 | 5.4 | 4.5 | 4.6 | 3.9 | 3.9 | N/A | N/A | 4.9 |
| Price/Sales | 4.1 | 5.3 | 4.8 | 5.4 | 5.7 | 4.8 | 4.5 | 4.3 | 3.7 | 4.0 | 4.2 | 4.6 | 5.0 |
| FCF Yield | 5.7% | 4.6% | 5.6% | 4.1% | 8.3% | 5.3% | 5.5% | 7.1% | 6.9% | 5.1% | 5.4% | 5.5% | 5.5% |
| Market Cap | 6.1B | 7.9B | 7.3B | 10.6B | 6.7B | 9.4B | 7.9B | 8.6B | 7.6B | 8.3B | 10.9B | 10.7B | 11.9B |
| Avg. Price | 30.38 | 42.08 | 40.61 | 50.50 | 57.87 | 51.27 | 50.84 | 57.23 | 53.96 | 57.42 | 68.21 | 82.36 | 99.22 |
| Year-End Price | 35.47 | 46.56 | 44.10 | 65.03 | 41.62 | 60.82 | 53.05 | 59.86 | 55.47 | 62.36 | 82.38 | 84.33 | 99.22 |
SEI INVESTMENTS CO passes 5 of 9 quality checks, suggesting mixed fundamentals.
SEI INVESTMENTS CO trades at 17.6x trailing earnings, compared to its 15-year median P/E of 17.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 20.7x vs a median of 18.3x. The company's 5-year average ROIC is 26.0% with a gross margin of 32.6%. Total shareholder yield (dividends + buybacks) is 6.4%. At current prices, the estimated annualized return to fair value is +4.1%.
SEI INVESTMENTS CO (SEIC) has a net profit margin of 31.1%. This is a strong margin indicating high profitability.
SEI INVESTMENTS CO (SEIC) generated $585 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SEI INVESTMENTS CO (SEIC) reported earnings per share (EPS) of $5.63 in its most recent fiscal year.
SEI INVESTMENTS CO (SEIC) has a 5-year average gross margin of 32.6%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for SEI INVESTMENTS CO (SEIC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Based on recent SEC filings and earnings disclosures, Management expects sales momentum from large alternative asset managers moving from insourcing to outsourcing to carry into 2026, with meaningful developments anticipated by April earnings across multiple business lines. The company is accelerating investment management product launches in ETFs, SMAs, models, and select alternative products where it has competitive advantage, while expanding retail exposure through a registered transfer agency launch and positioning the Stratos partnership to deepen participation in the advice value chain. SEI is making targeted investments in hiring, technology, and automation to support strong pipeline visibility and major wins, with expectations for depreciation and amortization to step up in early 2026 due to placing large investments into service. The company intends to return 90–100% of free cash flow to shareholders through dividends and share repurchases while maintaining a fortress balance sheet and capacity for incremental investment.
No recent press releases.