profit from every A$100 of sales.
A$0A$100
Perpetual
A$18.42+0.60% today
-3.4% in 1 year
1-year low A$15.191-year high A$20.23
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Perpetual sold, what it kept, and what it did with the cash.
Sales went from A$755 million in 2022 to A$1.35 billion in 2025, with -A$58.2 million of profit last year.
SalesProfit
Perpetual handed back 65% of the cash it generated last year.
A$127M
Free cash flow 2025A$196M
Bought back its own sharesA$1M
Paid as dividendsA$127M
Cash vs. debtA$343M vs. A$1.1B
Perpetual vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from A$100 of sales | Sales growth a year | Price per A$1 of profit |
|---|---|---|---|
| Perpetual | No profit yet | ||
 BlackRock | 34.0× · Expensive | ||
 Blackstone | 49.1× · Expensive | ||
 Investor | 8.5× · Cheap | ||
 Brookfield | 70.0× · Very expensive |
AI analysis
An AI analyst reads Perpetual's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 755 | 996 | 1,304 | 1,348 | |
| 755 | 996 | 1,304 | 1,348 | |
| 152 | 95 | 105 | 104 | |
| 199 | 217 | -270 | 140 | |
| 101 | 59 | -472 | -58 | |
| 1.77 | 0.71 | -4.21 | – | |
| 100.0% | 100.0% | 100.0% | 100.0% | |
| 20.1% | 9.6% | 8.1% | 7.7% | |
| 13.4% | 5.9% | -36.2% | -4.3% |
Balance sheet
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 1,747 | 3,942 | 3,399 | 3,418 |
| Cash | 175 | 263 | 221 | 343 |
| Total debt | 518 | 990 | 993 | 1,126 |
| Total liabilities | 821 | 1,570 | 1,658 | 1,771 |
| 926 | 2,372 | 1,741 | 1,647 | |
| 57 | 83 | 112 | – | |
| 7.1% | 2.8% | -9.9% | 0.5% | |
| 10.9% | 2.5% | -27.1% | -3.5% |
Cash flow
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| – | – | – | – | |
| 15 | 25 | 32 | 21 | |
| 156 | 109 | 265 | 196 | |
| Dividends paid | 112 | 132 | 142 | 127 |
| 15 | 20 | 1 | 1 | |
| – | – | – | – |
Valuation
- –
- –
- –
- 1.1×
- 1.6×
- 10.9×
- 20.9×
- 9.2%
- -2.7%
- 5.9%
Profitability
- 100.0%
- 7.7%
- -4.3%
- –
- 0.5%
- 0.1%
- –
- –
- –
- –
Growth
- +21.3%
- –
- –
- –
- +25.9%
Financial health
- 5.6×
- 0.68
- –
- 0.3×
- 1.42
- –
- –
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 17%of 754
Bottom 24%of 605
Top 25%of 880
Top 26%of 929
5.9%of the share price, paid each year
On $1,000 invested$59a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
: 64.5%
News
CFTC Greenlights Perpetual Futures on U.S. StocksYahoo Finance · Nov 3, 2026U.S. clears path for first regulated equity perpetual futuresMarketWatch · Nov 3, 20266.625% PRF PERPETUAL USD 25 - Ser L declares $0.414 dividendSeeking Alpha · Oct 20, 2026RiverNorth/DoubleLine Strategic Opportunity Fund Inc - 4.75% PRF PERPETUAL USD 25 - Ser B declares $0.2968 dividendSeeking Alpha · Oct 19, 2026RiverNorth Opportunities Fund Inc - 6% PRF PERPETUAL USD 25 - Ser A declares $0.375 dividendSeeking Alpha · Oct 19, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
30No pass
Benjamin Graham
50No pass
Philip Fisher
42No pass
Peter Lynch
61Pass
Joel Greenblatt
2No pass
Charlie Munger
20No pass
Terry Smith
23No pass
Questions about Perpetual
Is Perpetual a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Perpetual AI analysis
What does Perpetual do?
Perpetual Limited is a publicly owned investment manager. The firm offers a range of financial products and services in Australia. It is in Asset Management, based in Sydney, NSW, Australia, with 1,789 employees.
Does Perpetual pay a dividend?
Yes. At today's price the dividend is 5.9% a year. In 2025 it paid out A$127 million in dividends.
Is Perpetual stock halal?
No. Perpetual does not pass our halal screen: its debt is 53% of its market value, at or above the 33% limit. How we check
How has Perpetual stock done over the past year?
Down 3.4% over the past twelve months, to A$18.42. It traded between A$15.19 and A$20.23 and is 8.9% below its high.
Who are Perpetual's competitors?
The largest listed companies in the same industry are BlackRock, Blackstone, Investor and Brookfield. The peers table on this page compares their profit, growth and price with Perpetual's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.