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Side-by-side financial comparison of Alight, Inc. (ALIT) and Artisan Partners Asset Management Inc. (APAM). Click either name above to swap in a different company.

Alight, Inc. is the larger business by last-quarter revenue ($653.0M vs $335.5M, roughly 1.9× Artisan Partners Asset Management Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs -142.7%, a 177.9% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs -4.0%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $99.0M). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs 8.1%).

Alight Solutions is an American information technology and consulting company that provides cloud-based systems, outsourcing and consultancy related to human resource. They provide platforms and outsourcing for large companies to manage their human capital this includes health benefit administration, financial management and retirement planning.

Artisan Partners is an American asset management company headquartered in Milwaukee, Wisconsin. Outside the United States, the company has offices in Dublin, Hong Kong, London, Singapore and Sydney.

ALIT vs APAM — Head-to-Head

Bigger by revenue
ALIT
ALIT
1.9× larger
ALIT
$653.0M
$335.5M
APAM
Growing faster (revenue YoY)
APAM
APAM
+16.9% gap
APAM
12.9%
-4.0%
ALIT
Higher net margin
APAM
APAM
177.9% more per $
APAM
35.2%
-142.7%
ALIT
More free cash flow
APAM
APAM
$72.6M more FCF
APAM
$171.6M
$99.0M
ALIT
Faster 2-yr revenue CAGR
APAM
APAM
Annualised
APAM
12.7%
8.1%
ALIT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALIT
ALIT
APAM
APAM
Revenue
$653.0M
$335.5M
Net Profit
$-932.0M
$118.1M
Gross Margin
36.8%
Operating Margin
-114.9%
39.2%
Net Margin
-142.7%
35.2%
Revenue YoY
-4.0%
12.9%
Net Profit YoY
-11750.0%
34.9%
EPS (diluted)
$-1.77
$1.36

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALIT
ALIT
APAM
APAM
Q4 25
$653.0M
$335.5M
Q3 25
$533.0M
$301.3M
Q2 25
$528.0M
$282.7M
Q1 25
$548.0M
$277.1M
Q4 24
$680.0M
$297.1M
Q3 24
$555.0M
$279.6M
Q2 24
$538.0M
$270.8M
Q1 24
$559.0M
$264.4M
Net Profit
ALIT
ALIT
APAM
APAM
Q4 25
$-932.0M
$118.1M
Q3 25
$-1.1B
$66.8M
Q2 25
$-1.1B
$67.6M
Q1 25
$-25.0M
$61.1M
Q4 24
$8.0M
$87.5M
Q3 24
$-74.0M
$73.0M
Q2 24
$23.0M
$57.6M
Q1 24
$-114.0M
$59.5M
Gross Margin
ALIT
ALIT
APAM
APAM
Q4 25
36.8%
Q3 25
33.4%
Q2 25
33.3%
Q1 25
31.2%
Q4 24
39.9%
Q3 24
31.4%
Q2 24
31.0%
Q1 24
32.6%
Operating Margin
ALIT
ALIT
APAM
APAM
Q4 25
-114.9%
39.2%
Q3 25
-248.0%
33.8%
Q2 25
-191.3%
28.2%
Q1 25
-1.5%
31.2%
Q4 24
6.5%
36.7%
Q3 24
-7.6%
33.3%
Q2 24
-9.7%
32.0%
Q1 24
-7.2%
29.4%
Net Margin
ALIT
ALIT
APAM
APAM
Q4 25
-142.7%
35.2%
Q3 25
-200.2%
22.2%
Q2 25
-203.2%
23.9%
Q1 25
-4.6%
22.1%
Q4 24
1.2%
29.5%
Q3 24
-13.3%
26.1%
Q2 24
4.3%
21.3%
Q1 24
-20.4%
22.5%
EPS (diluted)
ALIT
ALIT
APAM
APAM
Q4 25
$-1.77
$1.36
Q3 25
$-2.02
$0.93
Q2 25
$-2.03
$0.94
Q1 25
$-0.05
$0.82
Q4 24
$0.02
$0.99
Q3 24
$-0.14
$1.03
Q2 24
$0.04
$0.80
Q1 24
$-0.21
$0.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALIT
ALIT
APAM
APAM
Cash + ST InvestmentsLiquidity on hand
$273.0M
Total DebtLower is stronger
$2.0B
$190.0M
Stockholders' EquityBook value
$1.0B
$438.8M
Total Assets
$4.6B
$1.6B
Debt / EquityLower = less leverage
1.92×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALIT
ALIT
APAM
APAM
Q4 25
$273.0M
Q3 25
$205.0M
Q2 25
$227.0M
Q1 25
$223.0M
Q4 24
$343.0M
Q3 24
$300.0M
Q2 24
$183.0M
Q1 24
$256.0M
Total Debt
ALIT
ALIT
APAM
APAM
Q4 25
$2.0B
$190.0M
Q3 25
$2.0B
$190.0M
Q2 25
$2.0B
$200.0M
Q1 25
$2.0B
$200.0M
Q4 24
$2.0B
$200.0M
Q3 24
$2.0B
$200.0M
Q2 24
$2.8B
$200.0M
Q1 24
$2.8B
$200.0M
Stockholders' Equity
ALIT
ALIT
APAM
APAM
Q4 25
$1.0B
$438.8M
Q3 25
$2.0B
$402.1M
Q2 25
$3.1B
$381.8M
Q1 25
$4.2B
$356.5M
Q4 24
$4.3B
$388.9M
Q3 24
$4.3B
$372.1M
Q2 24
$4.5B
$341.2M
Q1 24
$4.5B
$320.3M
Total Assets
ALIT
ALIT
APAM
APAM
Q4 25
$4.6B
$1.6B
Q3 25
$5.5B
$1.6B
Q2 25
$6.8B
$1.4B
Q1 25
$7.9B
$1.4B
Q4 24
$8.2B
$1.6B
Q3 24
$8.3B
$1.6B
Q2 24
$10.5B
$1.5B
Q1 24
$10.7B
$1.5B
Debt / Equity
ALIT
ALIT
APAM
APAM
Q4 25
1.92×
0.43×
Q3 25
1.00×
0.47×
Q2 25
0.65×
0.52×
Q1 25
0.48×
0.56×
Q4 24
0.47×
0.51×
Q3 24
0.47×
0.54×
Q2 24
0.62×
0.59×
Q1 24
0.62×
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALIT
ALIT
APAM
APAM
Operating Cash FlowLast quarter
$124.0M
$172.0M
Free Cash FlowOCF − Capex
$99.0M
$171.6M
FCF MarginFCF / Revenue
15.2%
51.2%
Capex IntensityCapex / Revenue
3.8%
0.1%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$250.0M
$420.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALIT
ALIT
APAM
APAM
Q4 25
$124.0M
$172.0M
Q3 25
$77.0M
$40.4M
Q2 25
$86.0M
$50.9M
Q1 25
$73.0M
$157.9M
Q4 24
$118.0M
$372.8M
Q3 24
$-24.0M
$112.8M
Q2 24
$58.0M
$75.9M
Q1 24
$100.0M
$147.0M
Free Cash Flow
ALIT
ALIT
APAM
APAM
Q4 25
$99.0M
$171.6M
Q3 25
$49.0M
$40.4M
Q2 25
$58.0M
$50.9M
Q1 25
$44.0M
$157.7M
Q4 24
$92.0M
$371.3M
Q3 24
$-52.0M
$112.4M
Q2 24
$22.0M
$75.2M
Q1 24
$69.0M
$146.9M
FCF Margin
ALIT
ALIT
APAM
APAM
Q4 25
15.2%
51.2%
Q3 25
9.2%
13.4%
Q2 25
11.0%
18.0%
Q1 25
8.0%
56.9%
Q4 24
13.5%
125.0%
Q3 24
-9.4%
40.2%
Q2 24
4.1%
27.8%
Q1 24
12.3%
55.6%
Capex Intensity
ALIT
ALIT
APAM
APAM
Q4 25
3.8%
0.1%
Q3 25
5.3%
0.0%
Q2 25
5.3%
0.0%
Q1 25
5.3%
0.1%
Q4 24
3.8%
0.5%
Q3 24
5.0%
0.1%
Q2 24
6.7%
0.2%
Q1 24
5.5%
0.0%
Cash Conversion
ALIT
ALIT
APAM
APAM
Q4 25
1.46×
Q3 25
0.60×
Q2 25
0.75×
Q1 25
2.58×
Q4 24
14.75×
4.26×
Q3 24
1.54×
Q2 24
2.52×
1.32×
Q1 24
2.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALIT
ALIT

Recurring$607.0M93%
Projects$46.0M7%

APAM
APAM

Segment breakdown not available.

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