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

Aveanna Healthcare Holdings, Inc. is the larger business by last-quarter revenue ($621.9M vs $335.5M, roughly 1.9× Artisan Partners Asset Management Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 2.3%, a 32.9% gap on every dollar of revenue. On growth, Aveanna Healthcare Holdings, Inc. posted the faster year-over-year revenue change (22.2% vs 12.9%). Over the past eight quarters, Aveanna Healthcare Holdings, Inc.'s revenue compounded faster (14.0% CAGR vs 12.7%).

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.

Aveanna Healthcare Holdings, Inc. is a leading U.S. provider of home and community-based healthcare services. Its core offerings include pediatric home health, adult personal care, hospice care, and infusion therapy, serving patients across the United States through its nationwide network of local care centers, catering to both public and private payer segments.

APAM vs AVAH — Head-to-Head

Bigger by revenue
AVAH
AVAH
1.9× larger
AVAH
$621.9M
$335.5M
APAM
Growing faster (revenue YoY)
AVAH
AVAH
+9.2% gap
AVAH
22.2%
12.9%
APAM
Higher net margin
APAM
APAM
32.9% more per $
APAM
35.2%
2.3%
AVAH
Faster 2-yr revenue CAGR
AVAH
AVAH
Annualised
AVAH
14.0%
12.7%
APAM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
APAM
APAM
AVAH
AVAH
Revenue
$335.5M
$621.9M
Net Profit
$118.1M
$14.1M
Gross Margin
32.6%
Operating Margin
39.2%
8.6%
Net Margin
35.2%
2.3%
Revenue YoY
12.9%
22.2%
Net Profit YoY
34.9%
132.8%
EPS (diluted)
$1.36
$0.06

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
APAM
APAM
AVAH
AVAH
Q4 25
$335.5M
Q3 25
$301.3M
$621.9M
Q2 25
$282.7M
$589.6M
Q1 25
$277.1M
$559.2M
Q4 24
$297.1M
$519.9M
Q3 24
$279.6M
$509.0M
Q2 24
$270.8M
$505.0M
Q1 24
$264.4M
$490.7M
Net Profit
APAM
APAM
AVAH
AVAH
Q4 25
$118.1M
Q3 25
$66.8M
$14.1M
Q2 25
$67.6M
$27.0M
Q1 25
$61.1M
$5.2M
Q4 24
$87.5M
$29.2M
Q3 24
$73.0M
$-42.8M
Q2 24
$57.6M
$13.9M
Q1 24
$59.5M
$-11.2M
Gross Margin
APAM
APAM
AVAH
AVAH
Q4 25
Q3 25
32.6%
Q2 25
35.8%
Q1 25
32.8%
Q4 24
33.0%
Q3 24
31.4%
Q2 24
31.3%
Q1 24
29.7%
Operating Margin
APAM
APAM
AVAH
AVAH
Q4 25
39.2%
Q3 25
33.8%
8.6%
Q2 25
28.2%
13.6%
Q1 25
31.2%
9.3%
Q4 24
36.7%
8.8%
Q3 24
33.3%
6.7%
Q2 24
32.0%
7.4%
Q1 24
29.4%
4.7%
Net Margin
APAM
APAM
AVAH
AVAH
Q4 25
35.2%
Q3 25
22.2%
2.3%
Q2 25
23.9%
4.6%
Q1 25
22.1%
0.9%
Q4 24
29.5%
5.6%
Q3 24
26.1%
-8.4%
Q2 24
21.3%
2.8%
Q1 24
22.5%
-2.3%
EPS (diluted)
APAM
APAM
AVAH
AVAH
Q4 25
$1.36
Q3 25
$0.93
$0.06
Q2 25
$0.94
$0.13
Q1 25
$0.82
$0.03
Q4 24
$0.99
$0.15
Q3 24
$1.03
$-0.22
Q2 24
$0.80
$0.07
Q1 24
$0.84
$-0.06

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
AVAH
AVAH
Cash + ST InvestmentsLiquidity on hand
$145.9M
Total DebtLower is stronger
$190.0M
$1.3B
Stockholders' EquityBook value
$438.8M
$9.2M
Total Assets
$1.6B
$1.8B
Debt / EquityLower = less leverage
0.43×
141.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
AVAH
AVAH
Q4 25
Q3 25
$145.9M
Q2 25
$100.7M
Q1 25
$71.5M
Q4 24
$84.3M
Q3 24
$78.5M
Q2 24
$47.7M
Q1 24
$42.6M
Total Debt
APAM
APAM
AVAH
AVAH
Q4 25
$190.0M
Q3 25
$190.0M
$1.3B
Q2 25
$200.0M
$1.3B
Q1 25
$200.0M
$1.3B
Q4 24
$200.0M
$1.3B
Q3 24
$200.0M
$1.3B
Q2 24
$200.0M
$1.3B
Q1 24
$200.0M
$1.3B
Stockholders' Equity
APAM
APAM
AVAH
AVAH
Q4 25
$438.8M
Q3 25
$402.1M
$9.2M
Q2 25
$381.8M
$-12.0M
Q1 25
$356.5M
$-100.1M
Q4 24
$388.9M
$-123.6M
Q3 24
$372.1M
$-156.4M
Q2 24
$341.2M
$-119.0M
Q1 24
$320.3M
$-136.3M
Total Assets
APAM
APAM
AVAH
AVAH
Q4 25
$1.6B
Q3 25
$1.6B
$1.8B
Q2 25
$1.4B
$1.8B
Q1 25
$1.4B
$1.7B
Q4 24
$1.6B
$1.7B
Q3 24
$1.6B
$1.6B
Q2 24
$1.5B
$1.7B
Q1 24
$1.5B
$1.6B
Debt / Equity
APAM
APAM
AVAH
AVAH
Q4 25
0.43×
Q3 25
0.47×
141.83×
Q2 25
0.52×
Q1 25
0.56×
Q4 24
0.51×
Q3 24
0.54×
Q2 24
0.59×
Q1 24
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
APAM
APAM
AVAH
AVAH
Operating Cash FlowLast quarter
$172.0M
$33.2M
Free Cash FlowOCF − Capex
$171.6M
FCF MarginFCF / Revenue
51.2%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.46×
2.36×
TTM Free Cash FlowTrailing 4 quarters
$420.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
AVAH
AVAH
Q4 25
$172.0M
Q3 25
$40.4M
$33.2M
Q2 25
$50.9M
$51.6M
Q1 25
$157.9M
$-8.6M
Q4 24
$372.8M
$13.4M
Q3 24
$112.8M
$29.4M
Q2 24
$75.9M
$1.8M
Q1 24
$147.0M
$-12.0M
Free Cash Flow
APAM
APAM
AVAH
AVAH
Q4 25
$171.6M
Q3 25
$40.4M
Q2 25
$50.9M
Q1 25
$157.7M
Q4 24
$371.3M
Q3 24
$112.4M
Q2 24
$75.2M
Q1 24
$146.9M
FCF Margin
APAM
APAM
AVAH
AVAH
Q4 25
51.2%
Q3 25
13.4%
Q2 25
18.0%
Q1 25
56.9%
Q4 24
125.0%
Q3 24
40.2%
Q2 24
27.8%
Q1 24
55.6%
Capex Intensity
APAM
APAM
AVAH
AVAH
Q4 25
0.1%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
APAM
APAM
AVAH
AVAH
Q4 25
1.46×
Q3 25
0.60×
2.36×
Q2 25
0.75×
1.91×
Q1 25
2.58×
-1.66×
Q4 24
4.26×
0.46×
Q3 24
1.54×
Q2 24
1.32×
0.13×
Q1 24
2.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APAM
APAM

Segment breakdown not available.

AVAH
AVAH

Private Duty Services$514.4M83%
Home Health And Hospice$62.4M10%
Medical Solutions$45.1M7%

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