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German asset manager offering mutual funds, ETFs (Xtrackers) and institutional investment management, majority-owned by Deutsche Bank.
German asset manager offering mutual funds, ETFs (Xtrackers) and institutional investment management, majority-owned by Deutsche Bank.
Earns annual fees set as a share of assets managed, so income follows market levels and client flows, with passive ETFs at lower fee rates and active and alternative products at higher ones. Deutsche Bank's branches and wealth advisers are a key sales channel for its funds. It was floated in 2018.
Moat: narrow (scale, distribution, brand). Deutsche Bank distribution network plus a large, growing Xtrackers ETF platform.
Headquarters: Frankfurt, Germany · Founded: 2018 · Employees: 4,826
Size DWS Group GmbH & Co. KGaA (DWS.DE) is a Germany Financials company (Investment Managers) with a market value of $14.7B, the 42nd largest of 205 Germany companies the cockpit tracks. Shares closed at €65.55 on 6 Nov 2026.
Performance Over six months the shares gained 7.2%, against +4.2% for the median peer and +2.6% for the Germany market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 24.1% over the last twelve months (peer median +11.9%); the operating margin is 36.8% (peer median 34.9%).
Valuation It trades at 12.6× forward earnings against a peer median of 12.9× (11th cheapest of 21).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €4.57B | €4.34B | €3.57B | €3.83B | €3.90B |
| Revenue growth | — | +21% | -7% | -2% | — |
| Gross profit | €2.99B | €2.86B | €2.17B | €2.54B | €2.51B |
| EBITDA | €1.73B | €1.63B | €1.25B | €1.04B | €1.21B |
| Net income | €1.01B | €927M | €649M | €551M | €594M |
| Free cash flow | €714M | €567M | €745M | €496M | €707M |
| Capital expenditure | €22.0M | €20.0M | €30.0M | €74.0M | €40.0M |
| Total debt | n/a | €153M | €148M | €160M | €160M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| DWS Group GmbH & Co. KGaA DWS.DE | $14.7B | +7% | +24% | 37% | 12.6× | n/a |
| Amundi AMUN.PA | $21.7B | +9% | +1% | 23% | 11.9× | n/a |
| BlackRock BLK | $192B | +9% | +24% | 36% | 18.9× | n/a |
| Schroders SDR.L | n/a | +3% | n/a | n/a | n/a | n/a |
| Aberdeen ABDN.L | $5.36B | +2% | +2% | 37% | 14.3× | n/a |
| Invesco IVZ | $11.9B | -1% | +17% | 24% | 8.6× | n/a |
| Legal & General LGEN.L | $21.9B | +24% | +137% | 2% | 13.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DWS.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.7% | +2.4% | 8th lowest of 21 |
| 6-month return | +7.2% | +4.2% | 9th highest of 20 |
| Distance from 52-week high | -16.8% | -16.8% | 11th highest of 21 |
| Revenue growth (TTM) | +24.1% | +11.9% | 2nd highest of 21 |
| Operating margin | 36.8% | 34.9% | 9th highest of 21 |
| Forward P/E | 12.6× | 12.9× | 11th cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DWS Group GmbH & Co. KGaA DWS.DE | Germany | $14.7B | +7% | +24% | 37% | 12.6× | n/a | n/a |
| Carlyle CG | United States | $14.1B | -22% | -44% | 14% | 10.2× | n/a | n/a |
| ICICI Prudential Asset Management ICICIAMC.NS | India | $15.4B | -11% | +22% | 73% | 39.2× | n/a | n/a |
| Blue Owl Capital OWL | United States | $15.4B | -7% | +11% | 17% | 10.4× | n/a | n/a |
| Guosen Securities 002736.SZ | China | $13.9B | -16% | -10% | 34% | 7.9× | n/a | n/a |
| IGM Financial IGM.TO | Canada | $13.3B | +7% | +20% | 36% | 14.0× | n/a | n/a |
| iA Financial IAG.TO | Canada | $13.1B | +29% | +13% | 59% | 13.9× | n/a | n/a |
| CVC Capital Partners CVC.AS | Netherlands | $16.9B | +10% | +14% | 57% | 18.1× | n/a | n/a |
| Franklin Resources BEN | United States | $17.1B | +10% | +8% | 15% | 10.6× | n/a | n/a |
| SEI Investments SEIC | United States | $12.5B | +15% | +13% | 30% | 15.3× | n/a | n/a |
| TPG TPG | United States | $17.9B | +4% | +21% | 17% | 13.8× | n/a | n/a |
| HDFC Asset Management HDFCAMC.NS | India | $12.0B | -7% | +12% | 80% | 35.5× | n/a | n/a |
| Invesco IVZ | United States | $11.9B | -1% | +17% | 24% | 8.6× | n/a | n/a |
| SBI Funds Management SBIFUNDS.NS | India | $10.8B | n/a | +21% | 89% | 31.1× | n/a | n/a |
| China Merchants Securities 600999.SS | China | $20.1B | +3% | -8% | 76% | 6.8× | n/a | n/a |
| Stifel Financial SF | United States | $10.7B | -7% | +8% | 22% | 10.3× | n/a | n/a |
| Pershing Square PS | United States | $20.6B | +24% | +67% | 37% | 84.9× | n/a | n/a |
| Partners PGHN.SW | Switzerland | $21.3B | -24% | +9% | 56% | 16.7× | n/a | n/a |
| Amundi AMUN.PA | France | $21.7B | +9% | +1% | 23% | 11.9× | n/a | n/a |
| Affiliated Managers AMG | United States | $9.39B | +20% | +12% | 22% | 9.1× | n/a | n/a |
| T. Rowe Price TROW | United States | $23.1B | +4% | +7% | 36% | 10.8× | n/a | n/a |